TCR_Public/170628.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Wednesday, June 28, 2017, Vol. 21, No. 178

                            Headlines

135 WEST 13: Hires Besen & Associates as Real Estate Advisor
151 MILBANK: Violi Buying Greenwich Condo Units for $8 Million
399 LONE OAK: Fails to Get Court Approval for Plan Outline
5 STAR INVT: Trustee's Sale of South Bend Property for $30K Okayed
779 STRADELLA: Sale of Property to DCM P-9 for $7.78M Approved

A QUIVER FULL: Seeks October 22 Plan Filing Exclusivity Extension
ADAMIS PHARMACEUTICALS: Registers 1.1M Shares for Incentive Plan
ADVANCED SOLIDS: Portable Mud Buying Personal Property for $107K
ALABAMA AIRCRAFT: Challenge to Boeing's Doc Request Denied
ALLY FINANCIAL: Dodd-Frank Act Stress Test and Review 2017

ALPHATEC HOLDINGS: All 7 Proposals Approved at Annual Meeting
ALTADENA LINCOLN: Hires Coldwell Banker as Real Estate Broker
ALTEGRITY INC: Plan Administrator Sues Former CEO for Neglect
AMERICAN APPAREL: Plan Filing Deadline Extended Through July 12
AMERICAN APPAREL: Standard General Seeks to Keep Lawsuit Open

ANDERSON SHUMAKER: Exclusive Plan Filing Period Extended to Aug. 22
AOXING PHARMACEUTICAL: Stockholders Elect 5 Directors
APOLLO ENDOSURGERY: 10 Proposals Approved by Stockholders
ARCONIC INC: Reduces Total Debt by Roughly $1.25 Billion
ARCONIC INC: Releases Final Results of Annual Meeting

ATHANAS FENCE: Plan Filing Deadline Moved to Aug. 1
AUBURN ARMATURE: Taps Chikol's David Kebrdle as CRO
AUTHENTIDATE HOLDING: Incurs $165K Loss in Quarter Ended Sept. 30
AVAYA INC: Seeks OK of $4.6-Mil. Key Employee Incentive Plan
B&B METALS: Hires Barash & Everett as Attorney

BAB METAL: Hires Walker & Patterson as Attorney
BLUE RACER: S&P Raises CCR to 'B+'; Outlook Stable
BLUE RIBBON: S&P Affirms 'B' CCR & Revises Outlook to Negative
BRANDYWINE TOWNHOUSES: Property Sale Closing Date Moved to July 7
BRONCO MIDSTREAM: S&P Affirms 'B' CCR & Revises Outlook to Pos.

CASCO INVESTMENTS: Unsecureds to Recoup 75% Under Plan
CAVIUM INC: S&P Revises Outlook to Pos. & Affirms 'BB-' CCR
CBAK ENERGY: Yunfei Li Holds 15% Equity Stake as of May 31
CENTURYLINK INC: Class Suit Potentially Credit Neg., Moody's Says
CHELLINO CRANE: Committee Taps Emerald as Financial Advisor

CHICO HEALTH: Plan Outline Okayed, Plan Hearing on July 25
COATES INTERNATIONAL: Has $369K Conv. Note Facility with Investor
CONCORDIA INTERNATIONAL: RedHill Starts Promoting Donnatal in U.S.
CTI BIOPHARMA: Registers 1.1M Shares for Stock Option Agreement
CTI BIOPHARMA: Registers 2-Mil. Shares for 2017 Incentive Plan

CTI BIOPHARMA: Registers Transferred Shares Under the 2017 Plan
CUSTOM FLATBED: Taps David A. Boone as Legal Counsel
DENNIS JOHNSON II: Trustee's Sale of Assets to Stella Approved
DEXTER AXLE: S&P Lowers CCR to 'B', Off CreditWatch Negative
DRAGON MERGER: Moody's Assigns B2 CFR; Outlook Stable

EXCO RESOURCES: Extends Sale Agreement Closing Date to July 21
FIELDPOINT PETROLEUM: Sells Non-Core Assets in New Mexico
FIRST FLIGHT: Case Summary & 16 Unsecured Creditors
FLYING CROWN: Case Summary & 5 Unsecured Creditors
FOUNDATION HEALTHCARE: July 19 PCO Appointment Hearing Set

FRANCHISE SERVICES: Voluntary Chapter 11 Case Summary
FREESEAS INC: Terminates RBSM LLP as Accountants
FULLCIRCLE REGISTRY: Carl Austin Quits as Director
GATSBY'S MEN: Voluntary Chapter 11 Case Summary
GEO COTEC: Case Summary & 11 Unsecured Creditors

GIGA-TRONICS INC: Appoints Regazzi and Nair as Co-CEOs
GIGA-TRONICS INC: Reports $5.2-Mil. Net Sales for Fourth Quarter
GRISHAM FARM: Trustee Files Revised Bid to Hire Stinson Leonard
HAMKEI GENERATION: Case Summary & 5 Unsecured Creditors
HEXION INC: Craig Rogerson Elected Chairman, CEO and President

HI-LO FARMS: Voluntary Chapter 11 Case Summary
HUNTWICKE CAPITAL: MFA Replaced Liggett & Webb as Accountants
IGNITE RESTAURANT: Suspending Filing of Reports with SEC
IHEARTCOMMUNICATIONS INC: Extends Notes Private Offers Expiration
IHEARTCOMMUNICATIONS INC: Extends Private Term Loan Offers

IMMUCOR INC: Expects to Report Up to $385M Revenue in Fiscal 2017
INTERPACE DIAGNOSTICS: Armistice Has 4.99% Stake as of June 16
ITUS CORPORATION: CEO Hikes Ownership to 5.26% as of June 2
ITUS CORPORATION: Executive Chairman Hikes Shares to 5.6%
J CREW GROUP: Launches Exchange Offer and Consent Solicitation

J.G. NASCON: Sale of Volvo EC150 Excavator for $23K Approved
JAMES CHATMAN: GreenField Buying Lynwood Property for $1.3M
JG WENTWORTH: S&P Lowers ICR to 'CCC-' on Expected Debt Exchange
JOSEPH BARNES: Trustee Selling Queens Property for $210K
KAYE & SONS: Case Summary & 20 Largest Unsecured Creditors

KEENEY TRUCK: Selling Vehicles to Flour Transport and TEC for 533K
KENDALL LAKE: Court Denies Approval of Plan Outline
KLD ENERGY: Wants Until August 31 to File Amended Plan
LILY ROBOTICS: Wants Plan Filing Exclusivity Extended Thru Sept 25
LIQUIDNET HOLDINGS: S&P Raises ICR to 'B+' on Improved Profile

LUVU BRANDS: Registers Add'l 5M Shares Under 2015 Equity Plan
MAJORCA ISLES: Plan Confirmation Hearing on July 20
MANIX HOLDINGS: Case Summary & Unsecured Creditor
MEDICO INT'L: Accell Audit & Compliance Casts Going Concern Doubt
MICHIGAN SPORTING: SDI USA Buying All IP Assets for $76K

MICROVISION INC: Cancels 'At-The-Market' Sale Pact with Brinson
MILLERS HERITAGE: Case Summary & 20 Largest Unsecured Creditors
MONTCO OFFSHORE: Taps Houlihan Lokey as New Financial Advisor
MT YOHAI: Sale of L.A. Property to DCM P-8 for $1.79M Approved
MULTICARE HOME: July 10 PCO Appointment Hearing Set

NAHID M F: Needs Until October 25 to Solicit Plan Acceptances
NATIONAL TRUCK: Case Summary & Largest Unsecured Creditors
NEW YORK CRANE: Approval of Perry Mandarino as Trustee Sought
NFP CORP: S&P Affirms 'B' CCR; Outlook Stable
NORTHERN POWER: Signs 3-Year Lease for Office Space in Vermont

OCEAN RIG: Ch. 15 Recognition Hearing Set for August 16
OMEROS CORP: Files Infringement Suits Against Sandoz & Lupin
OMEROS CORP: Two Class II Directors Elected by Shareholders
OMINTO INC: All 6 Director Nominees Elected by Stockholders
OUTER HARBOR: Needs Time on Committee Talks, Chapter 11 Plan

PAYLESS HOLDINGS: Files Latest Plan Increases Unsecured Recovery
PETROQUEST ENERGY: Moody's Withdraws Caa3 Corporate Family Rating
PROINOS BREAKFAST: Needs More Time for Landlord Talks, Exit Plan
PUERTO RICO: Creditors Committee Retains Paul Hastings, O'Neill
PUERTO RICO: Oversight Board Rejects PREPA Title VI Restructuring

QSL PORTAGE: Case Summary & 20 Largest Unsecured Creditors
RADIOLOGY SUPPORT: Allowed to Continue Using Cash Through Sept. 30
REES ASSOCIATES: Intends to File Reorganization Plan by Sept. 26
RENNOVA HEALTH: Will Issue $1.9M Discount Debentures Plus Warrants
RMS TITANIC: Exclusive Plan Filing Deadline Extended Through Aug. 1

ROCK INVESTMENT: Exit Plan to Pay Unsecured Creditors in Full
ROCLAIRE LLC: Sale of Dagsboro Property for $750K Approved
RYCKMAN CREEK: Court Approves Revised Sale Procedures
SALON MEDIA GROUP: BPM LLP Raises Going Concern Doubt
SALON MEDIA: Appoints Jordana Havriluk as Chief Revenue Officer

SALON MEDIA: Incurs $10.4 Million Net Loss in Fiscal 2017
SANDFORD AND SON: Sale of Philadelphia Property for $147K Approved
SANDY CREEK: Moody's Lowers Sr. Sec. Rating to B3; Outlook Stable
SCOTT A. BERGER: Hearing on Disclosures Set for July 19
SE PROFESSIONALS: Allowed to Use Cash Collateral Through July 22

SEARS HOLDINGS: Home President to Get Special Bonuses
SECURITIES INVESTOR: Securities Trading Since 80s, Madoff Says
SHIRAZ HOLDINGS: Case Summary & 20 Largest Unsecured Creditors
SIRIUS XM: Moody's Rates Proposed $1.5BB Senior Unsec. Notes Ba3
SIRIUS XM: S&P Rates Proposed $1.5BB Unsec. Notes 'BB'

SUGARMAN'S PLAZA: $8M Purchase Now Includes $1.5M Note
T K MINING: Gets Conditional Approval for Plan Outline
THOMAS REYNOLDS: Sale of Lewisburg Property Approved
TIDEWATER INC: Reacts to Plan Hearing Adjournment Motion
TOWERSTREAM CORP: Will Reclassify L-T Debt as Current Liabilities

TOWN SPORTS: Farallon Funds No Longer Own Shares as of June 16
TROJAN BATTERY: S&P Lowers CCR to 'B' on Limited Covenant Headroom
UBIQUITY INC: Hall & Company Raises Going Concern Doubt
UPLIFT RX: Trustee Taps GlassRatner as Financial Advisor
W&W LLC: Court Allows Use of Cash Collateral Albeit Bank Objection

WALKER RENAISSANCE: Seeks Approval to Use Cash Collateral
WEST VIRGINIA HIGH: Trustee of Life Buying Fairmont Property
[*] Law Firms Must Answer CFPB Claims, Judge Says
[*] Stroock Gets Four Bankruptcy Lawyers From Major Firms
[*] Two Canadian Law Firms Create MLT Aikins LLP


                            *********

135 WEST 13: Hires Besen & Associates as Real Estate Advisor
------------------------------------------------------------
135 West 13 LLC, seeks authority from the U.S. Bankruptcy Court for
the Southern District of New York to employ Besen & Associates,
Inc., as real estate advisor to the Debtor.

135 West 13 requires Besen & Associates to procure a buyer for the
Debtor's real property located at 133 West 13th Street and 135 West
13th Street, New York, New York.

Besen & Associates will be paid a commission of 4.5% of the
purchase price in the event Besen & Associates is successful in
locating a purchaser who closes on the property.

Besen & Associates will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Greg Corbin, member of Besen & Associates, Inc., assured the Court
that the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtor and its estates.

Besen & Associates can be reached at:

     Greg Corbin
     BESEN & ASSOCIATES, INC.
     381 Park Avenue South
     New York, NY 10016
     E-mail: gcorbin@besenassociates.com

                   About 135 West 13 LLC

135 West 13 LLC owns and operates two residential properties
located at 133 West 13th Street and 135 West 13th Street, New York,
New York. The Properties are multi-family residential rental
properties with a mix of rent stabilized and non-rent stabilized
units. The Properties contain a total of twelve units.

135 West 13 LLC Second Southern Baptist Church of New York filed a
Chapter 11 bankruptcy petition (Bankr. S.D.N.Y. Case No. 17-11371)
on May 17, 2017. The petition was signed by Max Dolgicer, member.
The Debtor disclosed total assets of $15.02 million and total
liabilities of $13.34 million.

Fred B. Ringel, Esq. at Robinson Brog Leinwand Greene Genovese &
Gluck, PC, serves as bankruptcy counsel to the Debtor. James E.
Schwartz, Esq. at Cyruli Shanks Hart & Zizmor, LLP, is special
counsel to the Debtor.

No trustee, examiner or creditors committee has been appointed in
the cases.



151 MILBANK: Violi Buying Greenwich Condo Units for $8 Million
--------------------------------------------------------------
151 Milbank, LLC, asks from the U.S. Bankruptcy Court for the
District of Connecticut to authorize the bidding procedures in
connection with the sale of four-unit luxury townhouse condominium
located at located at 151 Milbank Avenue in Greenwich, Connecticut
to Caterina Violi or her designee for $8,000,000 (representing a
unit price of $8,000,000 per Unit) subject to overbid.

The Debtor filed a prior motion seeking similar relief on June 5,
2017 and after the hearing on the Prior Motion, where the Court
took no action, the Stalking Horse Buyer modified its position and
agreed to an auction and closing date in late September 2017 and
further agreed to a reduced Break-Up Fee.  As a result, there now
are no objections to the Motion.  

On April 25, 2014, the Debtor purchased the Property 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 a Motion for Order Authorizing
the Debtor 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 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.

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 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 Buyer and the Debtor entered into the Purchase Agreement, dated
originally as of June 2, 2017 and as amended as of June 22, 2017,
for the purchase of the Units.

The principal terms of the Purchase Agreement are:

   a. Purchase Price: $8,000,000

   b. Buyer: Caterina Violi or her designee

   c. Seller: 151 Milbank, LLC

   d. Property: Four-unit luxury townhouse condominium located at
located at 151 Milbank Avenue in Greenwich, Connecticut

   e. Bid Protections: $80,000 (1% of the Purchase Price)

   f. Closing Conditions: The Stalking Horse Buyer is permitted to
terminate the Purchase Agreement if the sale is not approved by
Sept. 25, 2017.

   g. 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
this warranty for the one year.

   h. Terms: Free and clear of any and all claims and encumbrances


   i. Higher and Better Bids: The Purchase Agreement is subject to
higher and better bids

The Debtor also has interviewed and negotiated with several real
estate brokers with significant experience in marketing and selling
at auction properties similar to the Units.  Based on this process,
the Debtor has selected Madison Hawk Partners, LLC as the real
estate broker best able to handle the marketing and the sale of the
Units.  The Debtor is filing simultaneously with the Motion an
application to retain Madison Hawk as Broker for this process.

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

The salient terms of the Bidding Procedures are:

   a. Bid Deposit: $200,000

   b. 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.

   c. Madison Hawk Commission:

       (i) As set forth in the Application to retain Madison Hawk
as Broker, Madison 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.  

      (ii) Separately, if there is no Auction and the Successful
Bidder is the Stalking Horse Buyer under the Purchase Agreement,
Madison 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
Madison 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.  Madison 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.

     (iii) Pursuant to the Application, Madison 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 Madison 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.

   d. 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.

   e. 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 at 2%.

   f. Minimum Bid: 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 $80,000; plus (iii)
$25,000 (bid increment), for a total of $8,105,000.

   g. 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.

   h. Auction Date: The Debtor proposes to conduct the Auction at
the Property (or at some other location agreed to by the Debtor,
the Broker, and the Consultation Parties) on Sept. 19, 2017 at 5:30
p.m. or at such other date and time to be established by the
Court.

   i. Sale Hearing Date: Sept. 21, 2017 at 10:00 a.m. or such other
date to be established by the Court

   j. Sale Objection Deadline: Sept. 20, 2017 at 4:00 p.m.

As set forth, the Debtor and Madison Hawk will expose the Units to
competitive bidding through a marketing and sale process.  Madison
Hawk has recommended and has agreed to advance the costs of the
marketing program set forth in the Application.  Madison Hawk has
estimated that this marketing program will cost approximately
$50,000-$80,000.  Madison 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.

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.  

Based upon current estimates the Debtor believes that if there were
no bidders at the Auction and the sale to the Stalking Horse Buyer
were consummated, then the proceeds from the Sale would be
available to be distributed as follows: (i) Net Proceeds from Sale
after Commissions, Conveyance Taxes, and Marketing Expenses -
$7,650,000; (ii) less payment to the DIP Lender -  $6,090,000;
(iii) less payment to Administrative Claimants -  $625,000; (iv)
less payment to unsecured creditors - $580,000; and (v) balance
into escrow account - $355,000.  The Debtor asks the Court to
authorize these payments.

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.  Accordingly, under these
circumstances, the Debtor believes that conducting the Auction is
in the best interests of the Debtor's estate and its creditors.
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 is represented by:

          Antoinette Violi, Esq.
          78 East Putman
          Cos Cob, CT 06807
          Telephone: (203) 485-4636-6000
          Facsimile: (203) 485-9639
          E-mail: antoinette@aol.com

                       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.  151 Milbank has no
other
business operations and has no employees.  

151 Milbank filed for Chapter 11 bankruptcy protection (Bankr. D.
Conn. Case No. 15-51485) on Oct. 21, 2015, disclosing total assets
of $4.6 million and total liabilities of $4.4 million.  

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.


399 LONE OAK: Fails to Get Court Approval for Plan Outline
----------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Texas denied
the disclosure statement proposed by 399 Lone Oak, Ltd.

The company on June 5 filed the disclosure statement, which
explains its Chapter 11 plan of reorganization.  Under the plan,
399 Lone Oak proposed to pay its general unsecured creditors 100%
of their claims, and to fund implementation of the plan through
financing from either an investor or a line of credit of an
insider.

                     About 399 Lone Oak Ltd.

399 Lone Oak, Ltd., based in Houston, Tex., filed a Chapter 11
petition (Bankr. S.D. Tex. Case No. 16-36117) on Dec. 5, 2016.

In its petition, the Debtor estimated $1 million to $10 million in
both assets and liabilities.  The petition was signed by
Christopher J. Brown, president.

Judge Marvin Isgur presides over the case.  Margaret Maxwell
McClure, Esq., serves as bankruptcy counsel.


5 STAR INVT: Trustee's Sale of South Bend Property for $30K Okayed
------------------------------------------------------------------
Judge Harry C. Dees, Jr. of the U.S. Bankruptcy Court for the
Northern District of Indiana authorized the private sale by Douglas
R. Adelsperger, Trustee of 5 Star Investment Group, LLC and
affiliates, of real estate commonly known as 802 E. Altgeld Street,
South Bend, St. Joseph County, Indiana, to Lynn Hartman for
$30,000.

The sale of the Real Estate is "as is and where is and with all
faults," no representations or warranties of any kind, and free and
clear of any and all liens, encumbrances, claims or interests.

At closing, the Trustee is authorized to direct Meridian Title Co.
to disburse from the proceeds from the sale, first to pay the costs
and expenses of the sale, including the commission owed to the
Tiffany Group in the approximate sum of $1,500, second to pay all
real estate taxes and assessments outstanding and unpaid at the
time of closing, including the Tax Lien, and third to pay any other
special assessments liens, utilities, water and sewer charges and
any other charges customarily prorated in similar transactions.

The Trustee is authorized and directed to retain the excess
proceeds from the sale of the Real Estate until further order of
the Court.

Notwithstanding any provisions of the Bankruptcy Code or Bankruptcy
Rules, the Order will be effective and enforceable immediately upon
entry, and any stay thereof, including without limitation
Bankruptcy Rule 6004(h), is abrogated.

                  About 5 Star Investment Group

On Nov. 5, 2015, the U.S. Securities Exchange Commission ("SEC")
filed a complaint against Earl D. Miller, 5 Star Capital Fund, LLC
and 5 Star Commercial, LLC, in the United States District Court
for
the Northern District of Indiana, Hammond Division ("SEC Action").

In its complaint, the SEC alleged that Miller, 5 Star Capital
Fund,
and 5 Star Commercial defrauded at least 70 investors from whom
they raised funds of at least $3,900,000.  Additionally, on Nov.
5,
2015, the SEC obtained an ex parte temporary restraining Order,
asset freeze and other emergency relief in the SEC Action.

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

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

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

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

On June 24, 2016, the Court entered its agreed order granting the
Trustee's Motion for substantive consolidation, substantively
consolidating the Debtors' bankruptcy cases for all postpetition
matters and purposes, effective as of the Petition Date, and
deeming that all assets and liabilities of the bankruptcy cases to
be consolidated into one bankruptcy estate, to be administered in
accordance with the Bankruptcy Code under the jurisdiction of the
Court ("Consolidated Bankruptcy Estate").

On July 21, 2016, the Court entered order granting application to
employ Tiffany Group Real Estate Advisors, LLC, as the bankruptcy
estates' broker.

The Trustee's attorneys:

         RUBIN & LEVIN, P.C.
         Meredith R. Theisen
         Deborah J. Caruso
         John C. Hoard
         James E. Rossow, Jr.
         Meredith R. Theisen
         135 N. Pennsylvania Street, Suite 1400
         Indianapolis, Indiana 46204
         Tel: (317) 634-0300
         Fax: (317) 263-9411
         E-mail: dcaruso@rubin-levin.net
                 johnh@rubin-levin.net
                 jim@rubin-levin.net
                 mtheisen@rubin-levin.net


779 STRADELLA: Sale of Property to DCM P-9 for $7.78M Approved
--------------------------------------------------------------
Judge Catherine Bauer of the U.S. Bankruptcy Court for the Central
District of California authorize 779 Stradella, LLC's private sale
of its interests in the real property located at 779 Stradella
Road, Los Angeles, California, consisting of a single family
residence and improvements, including any and all improvements
thereto, to DCM P-9, LLC, for $7,777,541.

A hearing on the Motion was held on June 21, 2017 10:00 a.m.

Within three days of entry of the Order, the Buyer will commence
monthly adequate protection payments to Genesis at the daily rate
of $1,983 ($59,500 per month) on Genesis' outstanding prepetition
claim until closing.

The Sale will be free and clear of all Interests in the Property if
all the monies owed to Genesis and the Los Angeles County
Treasurer-Tax Collector is paid through escrow.

The 14-day stay set forth in Bankruptcy Rule 6004(h) is waived.

                   About 779 Stradella, LLC

779 Stradella, LLC, of Newport Beach, CA, filed a Chapter 11
petition (Bankr. C.D. Cal. Case No. 16-15156) on Dec. 21, 2016.
Jeffrey Yohai, managing member of Baylor Holding, LLC, signed the
petition.  The Debtor
estimated $1 million to $10 million in assets and liabilities.  The
Hon. Catherine E. Bauer is the case judge.  The Debtor is
represented by Marc C Forsythe, Esq., of Goe & Forsythe, LLP.


A QUIVER FULL: Seeks October 22 Plan Filing Exclusivity Extension
-----------------------------------------------------------------
A Quiver Full, Inc. filed with the U.S. Bankruptcy Court for the
Northern District of Georgia its third motion requesting for an
additional 90-day extension of its exclusive periods to file and
solicit acceptances of a plan of reorganization, through and
including October 22 and November 21, 2017, respectively.

The Court will hold a hearing on the Debtor's request for
exclusivity extension on July 20, 2017 at 1:30 p.m.

The Debtor claims that it is still attempting to negotiate a plan
with its major creditors as well as a potential sale of the Company
to interested buyers.

                       About A Quiver Full

A Quiver Full, Inc., sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Ga. Case No. 16-66793) on September
23, 2016.  The petition was signed by Jeff Whitmire, authorized
representative. The Debtor is represented by William A. Rountree,
Esq. at Macey,Wilensky & Hennings, LLC.  At the time of the filing,
the Debtor estimated assets and liabilities of less than $500,000.


ADAMIS PHARMACEUTICALS: Registers 1.1M Shares for Incentive Plan
----------------------------------------------------------------
Adamis Pharmaceuticals Corporation filed with the Securities and
Exchange Commission a Form S-8 registration statement to register
1,099,577 shares of common stock, $0.0001 par value, to be issued
under the 2009 Equity Incentive Plan.  The proposed maximum
aggregate offering price is $5.33 million.

The Plan provides that an additional number of shares will
automatically be added annually to the 411,765 shares initially
authorized for issuance under the Plan on January 1, from 2010
until 2019.  The number of shares added each year will be equal to
(i) five percent of the total number of shares of Common Stock
outstanding on December 31st of the preceding calendar year, or
(ii) a lesser number of shares of Common Stock determined by the
Board of Directors before the start of a calendar year for which an
increase applies.  Accordingly, the number of shares of Common
Stock available for issuance under the Plan was increased by
1,099,577 shares effective Jan. 1, 2017.

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

                      https://is.gd/fJFxsn

                          About Adamis

San Diego, Calif.-based Adamis Pharmaceuticals Corporation (OTC QB:
ADMP) is a biopharmaceutical company engaged in the development and
commercialization of specialty pharmaceutical and biotechnology
products in the therapeutic areas of respiratory disease, allergy,
oncology and immunology.

Adamis reported a net loss applicable to common stock of $20.81
million on $6.47 million of net revenue for the year ended
Dec. 31, 2016, compared to a net loss applicable to common stock of
$13.57 million on $0 of net revenue for the year ended Dec. 31,
2015.  As of March 31, 2017, Adamis had $33.69 million in total
assets, $12.81 million in total liabilities and $20.88 million in
total stockholders' equity.

Mayer Hoffman McCann P.C., 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 incurred recurring losses from operations, and is
dependent on additional financing to fund operations.  These
conditions raise substantial doubt about the Company's ability to
continue as a going concern.


ADVANCED SOLIDS: Portable Mud Buying Personal Property for $107K
----------------------------------------------------------------
Advanced Solids Control, LLC, asks the U.S. Bankruptcy Court for
the Western District of Texas to authorize the sale of personal
property to Portable Mud Systems, Inc., for $106,500.

A copy of the list of assets to be sold attached to the Motion is
available for free at:

            http://bankrupt.com/misc/Advanced_Solids_127_Sales.pdf

The Debtor believes the sales price set forth approximates the
market value of the items proposed to be sold.

The Debtor proposes to sell the personal property to the Buyer for
a lump sum cash payment in the amount of $106,500, free and clear
of all liens, claims and encumbrances.

All items proposed to be sold herein, with the exception of the
2011 2500 Chevrolet Silverado Truck (VIN # xxxxxxxxx2484), are
pledged as collateral to WTF Rentals, LLC.  WTF Rentals filed its
secured Proof of Claim No. 26 in the amount of $3,263,549 on April
10, 2017, with the appropriate security documents supporting its
secured claim attached to the Proof of Claim.

The proceeds from the sale of the 2011 2500 Chevrolet Silverado
Truck (VIN # xxxxxxxxx2484) will be used by the Debtor in its
reorganization efforts/payment of creditors of the Estate.  All
additional sale proceeds are to be paid to WTF Rentals as a partial
payment on its secured claim.

The Debtor believes that the proposed sale of the equipment set
forth generates a reasonable value based upon the assets proposed
to be sold and their marketability.  It has been marketing the
equipment to a number of parties, several of whom toured the
equipment at its yard in New Mexico.  The Debtor received several
low ball offers which it declined.  An appraisal of the equipment
is in process.

                  About Advanced Solids Control

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

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

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


ALABAMA AIRCRAFT: Challenge to Boeing's Doc Request Denied
----------------------------------------------------------
Natalie Olivo of Bankruptcy Law360 reports that U.S. District Judge
R. David Proctor denied Alabama Aircraft Industries Inc.'s bid to
nix Boeing Co.'s challenges to AAI's claims of privilege regarding
documents sought over a $1.2 billion U.S. Air Force contract
dispute.

In making his decision, the judge pointed to a special master's
conclusion that AAI's request fails to pass muster, Law360
relates.

The special master's April 25, 2017 recommendation rejected AAI's
claim that documents subpoenaed by Boeing from AAI's former
investor, Tennenbaum Capital Partners LLC (TCP) were protected by a
joint defense agreement, Law360 points out.

The case is Alabama Aircraft Industries Inc. et al. v. Boeing
Company, The, et al., case number 2:11-cv-03577-RDP, in the U.S.
District Court for the Northern District of Alabama.

                    About Alabama Aircraft

Birmingham, Alabama-based Alabama Aircraft Industries Inc. --
http://www.alabamaaircraft.com/-- provided aircraft maintenance   

and modification services for the U.S. government and military
customers.  Its 190-acre facility, as well as its corporate
office, is located at the Birmingham International Airport.

Alabama Aircraft filed for Chapter 11 bankruptcy protection
(Bankr. D. Del. Case No. 11-10452) on Feb. 15, 2011.  Two
subsidiaries also filed: Alabama Aircraft Industries, Inc.-
Birmingham (Case No. 11-10453) and Pemco Aircraft Engineering
Services, Inc. (Case No. 11-10454).

The Company said the primary goal of the Chapter 11 filing is
to address long-term indebtedness and, in particular, long-term
pension obligations.  The Company owed $68.5 million the Pension
Benefit Guaranty Corp. prepetition.

Joel A. Waite, Esq., and Kenneth J. Enos, Esq., at Young, Conaway,
Stargatt & Taylor, in Wilmington, Delaware, served as counsel to
the Debtors.  Alabama Aircraft estimated assets and debts of
$1 million to $10 million as of the Chapter 11 filing.

The Debtor won Court authority at the end of August 2011 to sell
its assets to a unit of Kaiser Group Holdings Inc. for $500,000
and up to $30 million in recoveries from potential litigation.

The Chapter 11 case was later converted to liquidation under
Chapter 7.


ALLY FINANCIAL: Dodd-Frank Act Stress Test and Review 2017
----------------------------------------------------------
Ally Financial Inc. furnished to the Securities and Exchange
Commission a summary of estimates from the Ally Financial Inc.
Dodd-Frank Act Stress Test and Comprehensive Capital Analysis and
Review 2017.

As required under the rules published by the Federal Reserve to
address the Dodd-Frank Act Stress Test requirements, Ally Financial
Inc. provided a summary of 2017 company-run stress test results
under the Supervisory Severely Adverse scenario as prescribed by
the Federal Reserve in the Comprehensive Capital Analysis and
Review exercise.  The stress test results were submitted to the
Federal Reserve on April 5, 2017, and cover a nine-quarter forecast
horizon beginning in the first quarter of 2017 and continuing
through the first quarter of 2019.  The Severely Adverse scenario
and the related forecasts of macroeconomic variables were developed
by the Federal Reserve to be comparable to the most severe post-war
U.S. recessions.

As demonstrated through numerous stress tests over the past several
years, Ally's business model is adequately positioned to withstand
the effects of a severely stressed macroeconomic environment.  The
following summary of projected impacts to profitability, loss
rates, and capital position reflects the assumptions and severity
of the 2017 scenario developed by the Federal Reserve.  It is
important to note that this scenario is not a forecast of Ally's
business operations or financial condition, but rather a
hypothetical scenario designed to assess the strength of Ally and
its resilience to severely adverse economic conditions should they
occur.  The results suggest that Ally's performance would
deteriorate in the Severely Adverse scenario due to increased
provision for credit losses, reduced business volumes, net interest
margin compression, and market and operational risk related losses.
However, Ally would continue to meet all contractual obligations
to creditors, counterparties, and bondholders and would exceed all
regulatory capital requirements.

Stress Testing Methodologies

Ally's process for stress testing and assessing capital adequacy
leverages a robust enterprise risk management infrastructure that
seeks to identify and measure all material risks arising from
exposures and business activities.  When conducting comprehensive
enterprise-wide stress tests, all of Ally's material risk exposures
are considered and evaluated.  Ally's material risks are credit,
vehicle residual value, insurance/underwriting, market, liquidity,
business/strategic, reputational, and operational.

Stress testing is an integral component of Ally's risk, capital,
liquidity, product, and customer management strategies.  Stress
tests are used to provide insight into how risk exposures and
capital sources and uses, might be affected by severe, yet
plausible, stress scenarios.  Stress tests are conducted using a
combination of quantitative approaches, internal and external data
sources, analytical tools, and management judgment.  Models and
spreadsheets, whether internally or vendor developed, are subject
to a validation or an annual review by Ally's model and spreadsheet
risk management function.  Variance and sensitivity analyses, as
well as trend reporting and benchmarking techniques, are used to
challenge stress test results at various levels of the Company.
Throughout the stress testing process, numerous reviews are
conducted by working groups, business unit management, senior
executives, and various councils and committees.  In addition,
DFAST/CCAR results are reviewed and approved by Ally's Board of
Directors.

Balance Sheet

Ally's current and projected earning asset portfolio is primarily
composed of U.S. auto-related assets.  The auto portfolio includes
consumer lending products (retail loans and leases) as well as
dealer financing products (primarily floorplan financing).  Asset
balances are projected based on Ally's expectation of new
origination volumes and existing asset amortization under the
stress scenario.  Given the relatively short duration of Ally's
auto finance products (approximately 2.5 years for retail loans and
less than 100 days for floorplan loans), existing assets amortize
significantly over the stress horizon.  Therefore, the size of
Ally's balance sheet over the nine-quarter stress period is largely
dependent on the assumptions for new and used auto originations.
Key assumptions for originations include new and used industry
light vehicle sales, market share of certain manufacturers, and
Ally's financing penetration rates.  A statistical modeling
approach is used to project industry light vehicle sales while
historical experience and management judgment factor into
projections for other business assumptions.  Similar to the asset
portfolio, liability balances are developed using a mix of models,
historical experience, and management judgment.

Pre-Provision Net Revenue

PPNR measures net revenues from the asset portfolio and is composed
of net interest income, non-interest income, and non-interest
expense.  These components are further segmented and, as a result,
various processes and methodologies are used to produce projections
over the stress test horizon.  Since PPNR is a comprehensive
reporting item, it incorporates stress impacts from many of Ally's
material risks, including vehicle residual value,
insurance/underwriting, market, liquidity, business/strategic,
reputational, and operational.

   * Net Interest Income: Net interest income for Ally is
     significantly influenced by the size, product mix, and credit
     mix of the earning asset portfolio and the net interest
     margin on those assets.  A quantitative model that utilizes
     inputs such as balance projections, earning asset yields,
     interest rates, and credit spreads is used to project NII.
     The methodology used to develop balance projections was  
     described previously while other key assumptions are      
     developed using a mix of quantitative models, historical
     experience, and management judgment.  While rental income,
     gains/losses on disposal, and depreciation expense for
     operating leases are reported within NII in Ally's financial
     statements (filed with the SEC), these same items are
     reported within non-interest income and non-interest expense
     for the purposes of DFAST per regulatory PPNR reporting
     requirements.

   * Non-Interest Income: Ally's non-interest income largely
     consists of insurance premiums, operating lease revenue,
     servicing fees, and gains/losses on the disposal of operating
     lease assets.  Similar to NII projections, revenues from
     insurance premiums and operating leases are dependent on the
     size of the earning asset portfolio, as well as the margin on
     those assets.  Servicing fees are impacted by the size of the
     servicing portfolio, SmartAuction activity, and late charges.
     Ally's recognized gains/losses on the disposal of operating  

     leases are generally a function of the remaining cost basis
    (net of accumulated depreciation) of the lease at the time of
     termination and the sales proceeds received from remarketing
     the vehicle.  Ally models the future expected value of off-
     lease vehicles (residual value) using key inputs such as U.S.
     Gross Domestic Product, unemployment rate, gasoline prices,
     and used vehicle supply and demand forecasts.

   * Non-Interest Expense: Non-interest expense includes    
     depreciation expense on operating leases, expenses associated
     with the insurance business, compensation and benefits
     expense, operational risk expense (e.g., fraud, legal,
     compliance, information technology), and various other
     administrative expenses such as expenses associated with
     deposit operations.  Depreciation expense on operating leases
     is projected using the current depreciation rates on the
     existing lease portfolio, while depreciation rates for new
     leases assumed to be originated during the stress test
     horizon are set based on the projection of vehicle residual
     values, also used in projecting the gain/loss on disposal of
     operating leases.  Expenses associated with the insurance
     business include sales commissions and provisions for claims
     losses, which naturally decline as new vehicle sales volumes,
     and thereby new insurance contracts, decline in the
     recessionary environment.  Projections of compensation and
     benefits expense, information technology costs, and certain
     marketing expenses are closely aligned with the projected
     level of business activity and the severity of the recession.
     However, other non-interest expense projections generally
     reflect a conservative bias as no management actions are
     assumed in the Severely Adverse scenario that would
     materially reduce expenses to coincide with declining
     business activity.  In addition to routine business driven
     expenses, consideration is also given to operational risk and
     other losses that may arise in the stress environment.  Given
     the broad scope of operational risk and limited and varied
     data, Ally uses a non-modeled approach for estimating a
     conservative level of operational risk losses in a given
     scenario.  The non-modeled approach includes the use of
     Ally's own historical experience (inclusive of losses from
     discontinued operations), operational risk scenario analysis,
     and management judgment.

Losses and Provision for Loan Losses

Credit risk associated with the consumer and commercial loan
portfolios manifests itself in the provision for loan losses.  The
amount of the provision reflects the projected charge-offs for each
portfolio under the given scenario while preserving an appropriate
allowance for loan losses to ensure adequate coverage at the end of
each period.

Ally's loan loss estimation tools are developed using modeling
approaches that incorporate macroeconomic variables and are deemed
appropriate for stress testing purposes.  Generally, the loan loss
models have the following characteristics:

  * Are statistically-driven (e.g., regression-based);

  * Are product specific;

  * Incorporate portfolio characteristics as well as macroeconomic

    factors; and

  * Follow a frequency and severity framework incorporating
    quantitative measures of probability of default and loss given
    default

Gains / Losses on Securities Portfolio

Ally's investment portfolio is subject to market risk.  Models are
used to project changes in market values due to changes in equity
prices, interest rates, credit spreads, and volatility.  A credit
rating migration analysis is also performed to identify potential
other-than-temporary impairments in the investment securities
portfolio.  Different segments of the portfolio are modeled
separately while each security in the portfolio is incorporated
into the analysis.

Capital

The various balance sheet, revenue, and loss estimates as outlined
above are combined to generate full balance sheet and income
statement projections.  These financial statements serve as the
basis for the calculation of capital and risk-weighted assets that
are used to derive pro forma quarterly capital ratios.  Ally has
calculated capital ratios under the Basel III Standardized
Approach, reflective of appropriate transition provisions.  The
resulting pro forma regulatory capital ratios are evaluated against
management's real-time operating targets and post-stress capital
goals (minimums), which are essential inputs into Ally's continuous
capital adequacy assessment and associated governance.

Ally Summary Results

In the Severely Adverse scenario, Ally's stress results show an
approximately $2.4 billion pre-tax net loss over the nine-quarter
horizon.  A decline in NII resulted primarily from a significant
reduction in earning asset balances over the stress test horizon.
Given the severity of the economic scenario, the expectation is
that light vehicle sales would decline, thereby reducing future
industry revenue opportunities from retail and lease originations
as well as from dealer floorplan financing.  A decline in industry
light vehicle sales coinciding with reduced consumer demand in a
severe macroeconomic recession is supported by historical
experience.  Consistent with declines in industry light vehicle
sales experienced during past recessions, the size of Ally's
balance sheet trends lower in the Severely Adverse scenario as
fewer vehicles are sold and, therefore, less financing is needed.
This decline in industry sales also negatively impacts revenue from
the insurance business.  The provision for loan losses and related
allowances increase in the Severely Adverse scenario to keep pace
with the expected rise in credit losses, despite a significantly
smaller balance sheet over the nine-quarter stress test horizon.
Realized gains/losses on securities reflect sharp declines in the
equity and bond markets.

Projected credit losses total $4.1 billion with a weighted average
loss rate of 3.8% for the total loan portfolio over the
nine-quarter horizon.  It is important to note that the loss rates
are not annualized, but rather reflect a nine-quarter cumulative
loss rate.  Ally's largest loan portfolios, retail auto loans and
dealer floorplan financing, have historically experienced low loss
rates.  Ally's projected loss rates in the stress test are
consistent with those experienced during the most recent economic
recession and, in some cases are significantly more conservative.

Ally's balance sheet is mainly composed of high-quality, short
duration auto assets (approximately 2.5 years for retail loans and
less than 100 days for floorplan loans) enabling the Company to
withstand severe stress events and exceed regulatory capital
requirements throughout the stress test horizon.  In prior
recessions, Ally's auto loan origination volume and asset balances
have declined in line with the directional trend of new and used
industry light vehicle sales.  Consistent with historical
experience, Ally projected a decline in industry light vehicle
sales that led to reduced loan volume and a smaller balance sheet
over time in the Severely Adverse scenario.  This is reflected in
the reduction in risk-weighted assets from $138.5 billion as of Q4
2016 to $111.6 billion at the end of Q1 2019.

In accordance with DFAST regulatory guidance, capital actions
completed in the first quarter of the stress test horizon (Q1 2017)
are included in the projection of pro forma capital ratios. For the
remainder of the horizon, the Federal Reserve prescribes a
standardized set of capital actions that, among other things, does
not permit the redemption or repurchase of any capital instrument
that is eligible for inclusion in the numerator of a regulatory
capital ratio (e.g., the repurchase of common stock).  Ally has
included these assumptions in all capital projections, consistent
with regulatory guidance.  Ally also assumes all contractual
payments are made for existing trust preferred and subordinated
debt securities.

Ally's capital levels are significantly reduced through the
horizon, primarily driven by the $2.4 billion pre-tax net loss
projected in the Severely Adverse scenario.  The impact to Ally's
capital ratios is mostly offset by a meaningful decline in
risk-weighted assets, which provides significant conservation of
capital.  Ally's Common Equity Tier 1 ratio of 9.4% as of Q4 2016
declines modestly to 8.7% by the end of the planning horizon.  All
capital ratios exceed regulatory minimums throughout the horizon.
The following table summarizes Ally's Q4 2016 actual capital ratios
in addition to the low point and end point under the Severely
Adverse scenario.

Ally Bank accounts for over 75% of Ally's overall assets.
Accordingly, Ally Bank's results in the Severely Adverse scenario
reflect many of the same themes that drive Ally Financial's stress
results.  Specifically, the forecasted decline in light vehicle
sales drives balance sheet contraction, which helps to offset the
impact of reduced NII and increased losses.

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

                   https://is.gd/hac80w

                   About Ally Financial

Ally Financial Inc. (formerly GMAC Inc.) (NYSE: ALLY) is a digital
financial services company and a top 25 U.S. financial holding
company offering financial products for consumers, businesses,
automotive dealers and corporate clients.  Ally's legacy dates back
to 1919, and the company was redesigned in 2009 with a distinctive
brand, innovative approach and relentless focus on its customers.
Ally has an award-winning online bank (Ally Bank Member FDIC and
Equal Housing Lender), one of the largest full service auto finance
operations in the country, a complementary auto-focused insurance
business, a growing digital wealth management and online brokerage
platform, and a trusted corporate finance business offering capital
for equity sponsors and middle-market companies.

The company had approximately $162.1 billion in assets as of Mar.
31, 2017.  For more information, visit the Ally press room at
http://media.ally.comor follow Ally on Twitter: @AllyFinancial.  

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

As of March 31, 2017, Ally had $162.10 billion in total assets,
$148.73 billion in total liabilities and $13.36 billion in total
equity.  Ally reported net income of $1.1 billion for the year
ended  Dec. 31, 2016, compared to net income of $1.28 billion for
the year ended Dec. 31, 2015.

                       *     *     *

As reported by the TCR on Oct. 14, 2016, S&P Global Ratings said it
revised its outlook on Ally Financial to stable from positive and
affirmed the 'BB+' long-term issuer credit rating.  "The revised
outlook reflects weakening credit conditions in the
vehicle finance industry, in our view, which represents the
majority of Ally's business," said S&P Global Ratings credit
analyst Matthew Carroll.

As reported by the TCR on Oct. 3, 2016, Fitch Ratings has affirmed
Ally Financial's Long-Term Issuer Default Rating at 'BB+',
Viability Rating (VR) and 'bb+' and Short-Term IDR at 'B'.  The
Rating Outlook is Stable.  The rating actions have been taken as
part of Fitch's periodic peer review of U.S. consumer
lending-focused internet banks, which comprises four publicly rated
firms.


ALPHATEC HOLDINGS: All 7 Proposals Approved at Annual Meeting
-------------------------------------------------------------
Alphatec Holdings, Inc. held its annual meeting of stockholders on
June 15, 2017, at which the stockholders:

   (1) elected each of Mortimer Berkowitz III, Ian R. Molson,
       David H. Mowry, Stephen E. O'Neil, Terry M. Rich, Jeffrey
       P. Rydin and Donald A. Williams to serve on the Company's
       Board of Directors for a term of one year until the 2018
       Annual Meeting of Stockholders and until their respective
       successors have been duly elected and qualified, or until
       their earlier death or resignation;

   (2) ratified the selection of Ernst & Young LLP as the
       Company's independent registered public accounting firm for
       the fiscal year ending Dec. 31, 2017;

   (3) approved the amendment and restatement of the Company's
       2016 Equity Incentive Plan by the following vote;

   (4) approved the amendment and restatement of the Company's
       2007 Employee Stock Purchase Plan;

   (5) approved, on a non-binding advisory basis, the compensation
       of the Company's named executed officers;

   (6) approved, on a non-binding advisory basis, holding the non-
       binding advisory vote on the compensation of the Company's
       named executive officers on an annual basis; and

   (7) approved the issuance of up to an aggregate of 17,525,972
       shares of common stock issuable upon the conversion of
       outstanding shares of the Company's Series A Convertible
       Preferred Stock and the exercise of outstanding warrants.

In light of the results of the stockholder vote on the frequency of
future non-binding advisory votes on the compensation of the
Company's named executive officers, and consistent with the
Company's recommendation, the Company's Board of Directors has
determined that the Company will hold a non-binding advisory vote
on executive compensation annually until the next required vote on
the frequency of future non-binding advisory votes on the
compensation of the Company's named executive officers.

On May 5, 2017, Alphatec announced that Leslie H. Cross, whose term
as a director on the Board of Directors expired at the annual
meeting of stockholders held on June 15, 2017, had chosen not to
stand for re-election at the annual meeting.  In connection with
his departure from the Company's Board of Directors, Mr. Cross and
the Company entered into a Vesting Acceleration Agreement. Pursuant
to the Vesting Agreement, as of June 15, 2017, all outstanding
options to purchase the Company's common stock and any restricted
common stock held by Mr. Cross as of June 15, 2017, became vested
and exercisable.  In addition, the term during which Mr. Cross may
exercise any stock option was extended until the earlier of: (i)
June 15, 2019 (or the following business day if such day is not a
business day of the Company), or (ii) the expiration date that
would apply to such stock option.

The Restated Plan modifies the Company's original 2016 Equity
Incentive Award Plan to (1) increase the shares available for grant
under the Restated Plan by 2,000,000, (2) extend the expiration
date of the Restated Plan to 2027, (3) increase the maximum number
of shares of Common Stock that may be granted to any one
participant during a one-year period to 500,000, and (4) provide
that the total aggregate value of cash compensation, or other
compensation, and the value (determined as of the grant date in
accordance with Financial Accounting Standards Board Accounting
Standards Codification Topic 718, or any successor thereto) of
awards granted to a non-employee director as compensation for
services as a non-employee director during any fiscal year of the
Company may not exceed $300,000 (which limit will be increased to
$500,000 in the first fiscal year of a non-employee director's
service on the Company's Board of Directors).

The Restated ESPP modifies the Company's original 2007 Employee
Stock Purchase Plan, as amended, to (1) increase the shares
available for issuance under the Restated ESPP by 500,000 and (2)
remove the evergreen provision that allowed for an annual increase
in the number of shares available for issuance thereunder.
  
                   About Alphatec Holdings

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

As of March 31, 2017, Alphatec had $93.57 million in total assets,
$99.10 million in total liabilities, $23.60 million in redeemable
preferred stock, and a $29.13 million total stockholders' deficit.
Alphatec reported a net loss of $29.92 million on $120.2 million of
revenues for the year ended Dec. 31, 2016, compared to a net loss
of $178.7 million on $134.38 million of revenues for the year ended
Dec. 31, 2015.


ALTADENA LINCOLN: Hires Coldwell Banker as Real Estate Broker
-------------------------------------------------------------
Altadena Lincoln Crossing LLC seeks authority from the U.S.
Bankruptcy Court for the Central District of California to employ
Coldwell Banker Commercial North Country, as real estate broker to
the Debtor.

Altadena Lincoln requires Coldwell Banker to assist the Debtor in
procuring a lease over the Debtor's real property known as 2180
Lincoln Avenue, Suites 2204 and 2208, Altadena, California.

Coldwell Banker will be paid a commission of 5% of the total base
rental for the first 60 months in which rent is to be paid.

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

Colleen Carey, senior vice president of Coldwell Banker Commercial
North Country, 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.

Coldwell Banker can be reached at:

     Colleen Carey
     COLDWELL BANKER COMMERCIAL NORTH COUNTRY
     801 N. Brand Blvd, Suite 180
     Glendale, CA 91203
     Tel: (818) 334-1900

               About Altadena Lincoln Crossing LLC

Headquartered in Pasadena, California, Altadena Lincoln Crossing
LLC, a Delaware limited liability company, filed for Chapter 11
bankruptcy protection (Bankr. C.D. Cal. Case No. 17-14276) on April
7, 2017, estimating its assets and liabilities at between $10
million and $50 million each. The petition was signed by Greg
Galletly, manager.

The Debtor is an affiliate of BGM Pasadena, LLC, which sought
bankruptcy protection on Nov. 20, 2015 (Bankr. C.D. Cal. Case No.
15-27833).

Judge Julia W. Brand presides over Altadena's case.

James A Tiemstra, Esq., at Tiemstra Law Group PC serves as the
Debtor's bankruptcy counsel.


ALTEGRITY INC: Plan Administrator Sues Former CEO for Neglect
-------------------------------------------------------------
Rick Archer, writing for Bankruptcy Law360, reports that Corporate
Risk Holdings LLC, as plan administrator of Altegrity Inc., filed a
complaint alleging that former Altegrity chief executive Sharon
Rowlands and the Altegrity board failed to exercise their duty to
oversee computer security measures at the company's US
Investigations Services LLC unit, resulting in a severe data breach
that cost the company its government contracts and sent it into
Chapter 11.

"As a result of defendant Rowlands' and the Board's complete
abdication of their responsibilities, USIS's woefully deficient
cybersecurity practices went unaddressed, leaving the company
virtually defenseless against a crippling and preventable
cyberattack in 2013-2014 that destroyed USIS's business; forced
USIS and its parent company, Altegrity, into bankruptcy; and
compromised national security by exposing the sensitive and
confidential background information of over 33,000 actual and
potential employees of the U.S. government to malicious
state-sponsored actors," the suit says, according to Law360.

The case is Corporate Risk Holdings LLC et al. v. Rowlands, case
number 652885/2017, in the Supreme Court of the State of New York,
County of New York.

                      About Altegrity Inc.

Altegrity Inc. provides background investigations for the U.S.
government; employment background and mortgage screening for
commercial customers; technology-driven legal services and software
for data management; and investigative, analytic, consulting, due
diligence, and security services.  Altegrity is principally owned
by investment funds affiliated with Providence Equity Partners.

Altegrity Inc. and 37 of its affiliates filed Chapter 11 Bankruptcy
petitions (Bankr. D. Del. Lease Case No. 15-10226) on Feb. 8, 2015.
Jeffrey S. Campbell signed the petitions as president and chief
financial officer.  The Debtors disclosed total assets of $1.7
billion and total liabilities of $2.1 billion as of June 30, 2014.

M. Natasha Labovitz, Esq., Jasmine Ball, Esq., and Craig A. Bruens,
Esq., at Debevoise & Plimpton LLP serve as the Debtors' counsel.
Joseph M. Barry, Esq., Ryan M. Bartley, Esq., and Edmon L. Morton,
Esq., at Young, Conaway, Stargatt & Taylor, LLP, act as the
Debtors' Delaware and conflicts counsel.  Stephen Goldstein and
Lloyd Sprung, at Evercore Group, LLC, are the Debtors' investment
bankers.  Kevin M. McShea and Carrianne J. M. Basler, at
Alixpartners LLP serve as the Debtors' restructuring advisors.  

Prime Clerk LLC is the Debtors' claims and noticing agent.
PricewaterhouseCoopers LLP serves as the Debtors' independent
auditors.

The Bankruptcy Court has scheduled for May 5, 2015, the hearing to
consider the approval of the disclosure statement explaining the
Debtor's plan, which proposes to liquidate the US Investigations
Services.  Land Line relates that USIS lost key federal background
check contracts.

The U.S. Trustee for Region 3 appointed six creditors to serve on
the official committee of unsecured creditors.  The Creditors'
Committee retained Wilmer Cutler Pickering Hale & Dorr LLP, as
lead counsel, and Bayard, P.A., as Delaware co-counsel.

                         *     *     *

As reported in the April 1, 2015 edition of the Troubled Company
Reporter, the Debtors filed a Joint Chapter 11 Plan and
accompanying disclosure statement that will delever the Company by
approximately $700 million, or 40% of the Debtors' outstanding
debt.

The Plan provides for a 2.2% estimated recovery of allowed general
unsecured claims, which total approximately $82,510,532.  Holders
of Secured Third Lien Notes Claims are poised to recover 7.7% of
their estimated $66,304,133 total amount of claims.  Holders of
Secured Second Lien Notes Claims are poised to recover 48.4% of
their estimated $519,265,011 total amount of claims.

A full-text copy of the Disclosure Statement dated May 16, 2015,
is available at http://bankrupt.com/misc/ALTEGRITYds0516.pdf      


Judge Silverstein on Aug. 14, 2015, issued findings of fact,
conclusions of law, and order confirming Altegrity, Inc., et al.'s
Joint Plan of Reorganization.  The confirmed Plan was declared
effective on Aug. 31, 2015.


AMERICAN APPAREL: Plan Filing Deadline Extended Through July 12
---------------------------------------------------------------
Judge Brendan L. Shannon of the U.S. Bankruptcy Court for the
District of Delaware extended the periods by which APP Winddown
LLC, f/k/a American Apparel LLC and its affiliated Debtors have the
exclusive right to file a plan and to solicit acceptances of that
plan through July 12, 2017 and September 10, 2017, respectively.

The Troubled Company Reporter has previously reported that the
Debtors sought exclusivity extension asserting that the significant
progress they have made to date, coupled with the short duration of
their cases, constitutes cause to extend the Exclusive Periods.

The Debtors related that they had just concluded the sale of their
intellectual property and other wholesale assets to Gildan
Activewear SRL for $100 million. With the Gildan Sale completed,
the Debtors informed the Court that they were focusing their
efforts on monetizing the remainder of their assets for the benefit
of their creditors.

The Debtors also related that they had closed 19 stores and were
currently running store closing sales in approximately 86
additional stores. The Debtors said that they had negotiated and
were preparing to close, subject to court approval, sales of
certain leases, nitrogen oxide emission trading credits and
manufacturing equipment associated with their Garden Grove,
California manufacturing facility.

The Debtors told the Court that they were also liquidating their
interests in their foreign subsidiaries, analyzing potential
preference claims, collecting outstanding accounts receivable and
marketing their remaining assets. At the same time, the Debtors
added that they were beginning to assess their options for exiting
these cases, including a possible chapter 11 liquidating plan.

To that end, the Debtors claimed that they had actively engaged
with each of their primary creditor constituencies to gauge their
support of a plan and plan process. However, the Debtors claimed
that these discussions were still ongoing.

                About American Apparel

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

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

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

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

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

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

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

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

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


AMERICAN APPAREL: Standard General Seeks to Keep Lawsuit Open
-------------------------------------------------------------
Vince Sullivan, writing for Bankruptcy Law360, reports that
Standard General LP urged the Delaware Bankruptcy Court to keep its
adversary proceeding against other secured lenders alive in the
American Apparel insolvency case, saying the others extended $82
million in lending without informing Standard General.

                    About American Apparel

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

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

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

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

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

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

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

On Feb. 9, 2017, in accordance with the closing of the sale and the
sale court order, the Debtors filed appropriate documentation to
change their names:

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


ANDERSON SHUMAKER: Exclusive Plan Filing Period Extended to Aug. 22
-------------------------------------------------------------------
Judge Donald R Cassling of the U.S. Bankruptcy Court for the
Northern District of Illinois extended the exclusive periods for
Anderson Shumaker Company to file a plan of reorganization and
disclosure statement, and to solicit acceptances of the plan to
Aug. 22, 2017 and Oct. 23, 2017, respectively.

The Troubled Company Reporter has previously reported that the
Debtor asked the Court to extend the Exclusivity Periods, saying
that it was in the process of compiling financial information in
connection with its plan of reorganization. The Debtor also said
that it was in the process of starting negotiations with Associated
Bank, the Debtor's primary lender, and the Official Committee of
Unsecured Creditors with a view towards a consensual plan of
reorganization.  

In addition, the Debtor told the Court that it was also exploring
the possibility of a sale of assets or a refinancing of the
Associated Bank debt, and therefore, it needed additional time to
file its plan of reorganization and disclosure statement.

                     About Anderson Shumaker

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

Anderson Shumaker filed a Chapter 11 petition (Bankr. N.D. Ill.
Case No. 17-05206) on Feb. 23, 2017.  The petition was signed by
Richard J. Tribble, chief executive officer.  At the time of
filing, the Debtor had $1 million to $10 million in estimated
assets and $10 million to $50 million in estimated liabilities.

The case is assigned to Judge Donald R Cassling.

Scott R. Clar, Esq. and Brian P. Welch, Esq. at Crane, Heyman,
Simon, Welch & Clar serve as counsel to the Debtor.  RSM US LLP is
the Debtor's accountant.

U.S. Trustee Patrick S. Laying on March 9, 2017, appointed five
creditors to serve on an official committee of unsecured creditors.
The committee members are: (1) Electralloy, G.O. Carlson, Inc.; (2)
Carlson Tool & Manufacturing Corp.; (3) Progressive Steel Treating,
Inc.; (4) Haynes International, Inc.; and (5) Ellwood Group.

Shelly A. DeRousse, Esq., Devon J. Eggert, Esq., Elizabeth L.
Janczak, Esq., and Trinitee G. Green, Esq., at Freeborn & Peters
LLP serve as counsel to the Committee.


AOXING PHARMACEUTICAL: Stockholders Elect 5 Directors
-----------------------------------------------------
At Aoxing Pharmaceutical Company, Inc.'s a annual meeting of
shareholders held on June 22, 2017, Zhenjiang Yue, Jun Min, Guozhu
Xu, Yang Li and Yuelin Zhang were elected as directors to hold
office until the next annual meeting of shareholders and until
their successors are duly elected.  The shareholders also ratified
the appointment of BDO China Shu Lun Pan Certified Accountants, LLP
as independent registered public accounting firm of the Company for
the fiscal year ending June 30, 2017.  

                        About Aoxing

Foster City, California-based Aoxing Pharmaceutical Company, Inc.,
has one operating subsidiary, Hebei Aoxing Pharmaceutical Co.,
Inc., which is organized under the laws of the People's Republic of
China.  Since 2002, Hebei Aoxing has been engaged in developing
narcotics and pain management products.  In 2008 Hebei Aoxing
supplemented its product lines by acquiring Shijiazhuang Lerentang
Pharmaceutical Company, Ltd., a specialty pharmaceutical company
focusing on herbal pain related therapeutics.  The Company owns 95%
of the equity in Hebei Aoxing.

Aoxing reported net income of $2.24 million for the year ended June
30, 2016, compared to net income of $5.81 million for the year
ended June 30, 2015.

As of March 31, 2017, Aoxing had $62.46 million in total assets,
$44.38 million in total liabilities and $18.08 million in total
equity.

BDO China Shu Lun Pan Certified Public Accountants LLP, in
Shanghai, People's Republic of China, issued a "going concern"
qualification on the consolidated financial statements for the year
ended June 30, 2016, citing that the Company accumulated a large
deficit and a working capital deficit that raise substantial doubt
about its ability to continue as a going concern.


APOLLO ENDOSURGERY: 10 Proposals Approved by Stockholders
---------------------------------------------------------
Apollo Endosurgery, Inc., held its 2017 annual meeting on June 9,
2017,
at which the stockholders:

     (1) elected each of Todd Newton, Richard J. Meelia, Rick
         Anderson, Matthew S. Crawford, John Creecy, William D.
         McClellan, Jr., Kent R. McGaughy, Jr. and Bruce
         Robertson, Ph.D. as directors;

     (2) adopted the Company's 2017 Equity Incentive Plan and
         authorized the issuance of 1,000,000 shares of common
         stock thereunder;

     (3) approved the Restated Certificate, and the Restated
         Bylaws, to provide for the establishment of a classified
         Board structure;

     (4) approved the Restated Certificate and the Restated Bylaws
         to permit stockholder action to be taken only at a duly
         called annual or special meeting and to eliminate action
         by written consent or electronic transmission of
         stockholders;

     (5) approved the Restated Certificate and the Restated Bylaws
         to add a provision allowing special meetings of the
         Company's stockholders to be called by (i) the Chairman
         of the Board of Directors, (ii) the chief executive
         officer, or (iii) the Board of Directors pursuant to a
         resolution adopted by a majority of the total number of
         authorized directors;

     (6) approved the Restated Certificate to add a new Article XI
         designating the Court of Chancery of the State of
         Delaware as the sole and exclusive forum for specified
         legal actions unless the Company otherwise consents;

     (7) approved the Restated Certificate and the Restated Bylaws
         to prohibit director removal without cause and allow
         removal with cause by the affirmative vote of the holders
         of at least 66 2/3% of the voting power of all then-
         outstanding shares of the Company's common stock entitled

         to vote generally at an election of directors; and

     (8) approved, on an advisory basis, the compensation of the
         Company's named executive officers;

     (9) approved, on a non-binding advisory basis, the holding of
         future advisory votes on executive compensation once
         every three years; and

    (10) ratified the selection of KPMG LLP to act as the
         Company's independent registered public accounting firm
         for the year ending Dec. 31, 2017.

Based on the Board's recommendation in the proxy statement and the
voting results on this matter, the Board resolved that the Company
will hold an advisory vote on the compensation of named executive
officers every three years.

Immediately following the 2017 Annual Meeting, the Company filed
the Restated Certificate with the Secretary of State of the State
of Delaware.

                   2017 Equity Incentive Plan

The 2017 Plan was previously approved, subject to stockholder
approval, by the Company's Board of Directors in April 2017, and
the Compensation Committee of the Board subsequently approved,
pursuant to authority delegated by the Board, the reservation of
1,000,000 shares of common stock for issuance under the 2017 Plan.
The 2017 Plan replaces our 2016 Equity Incentive Plan which was the
successor to the 2006 Stock Option Plan and the Lpath Amended and
Restated 2005 Equity Incentive Plan, or the Lpath Plan and,
collectively with the 2016 Plan and the 2006 Plan, the Prior Plans.
The 2017 Plan became effective immediately upon stockholder
approval at the Annual Meeting.  Grants will no longer be made
under the Prior Plans, but the awards that remain outstanding will
continue to be governed by the terms of the applicable Prior Plan
and the applicable award agreement.

The terms of the 2017 Plan provide for the grant of incentive stock
options, nonstatutory stock options, stock appreciation rights,
restricted stock awards, restricted stock unit awards, other stock
awards, and performance awards that may be settled in cash, stock,
or other property.  No further awards may be granted under the
Prior Plans. Subject to adjustment for certain changes in our
capitalization, the aggregate number of shares of common stock that
may be issued under the 2017 Plan will not initially exceed
1,000,000 shares.  The number of shares reserved under the 2017
Plan will automatically increase on January 1st of each year, for a
period of up to ten years, commencing on January 1, 2018 and ending
on (and including) Jan. 1, 2027, in an amount equal to 4% of the
total number of shares of common stock outstanding on December 31st
of the preceding calendar year.  However, the Board or Compensation
Committee may act prior to January 1st of a given year to provide
that there will be no January 1st increase in the share reserve for
such year or that the increase in the share reserve for such year
will be a lesser number of shares of common stock than would
otherwise occur pursuant to the automatic increase.

                   About Apollo Endosurgery, Inc.

Apollo Endosurgery, Inc. -- http://www.apolloendo.com/-- is a
medical device company focused on less invasive therapies for the
treatment of obesity, a condition facing over 600 million people
globally, as well as other gastrointestinal disorders.  Apollo's
device based therapies are an alternative to invasive surgical
procedures, thus lowering complication rates and reducing total
healthcare costs.  Apollo's products are offered in over 80
countries today.  Apollo's common stock is traded on NASDAQ Global
Market under the symbol "APEN".  

On Dec. 29, 2016, a wholly owned subsidiary of Lpath, Inc. merged
with and into Apollo Endosurgery, Inc. resulting in Original Apollo
becoming a wholly owned subsidiary of Lpath.  At the Effective
Time, Lpath effected a name change to "Apollo Endosurgery, Inc."
Each share of Original Apollo common stock (after adjusting for the
1-for-5.5 reverse split of common stock effected by the Issuer
immediately following consummation of the Merger) was exchanged for
0.31632739 shares of the Issuer's common stock at the Effective
Time of the Merger.

Apollo Endosurgery reported a net loss attributable to common
stockholders of $41.16 million on $64.86 million of revenues for
the year ended Dec. 31, 2016, compared to a net loss attributable
to common stockholders of $36.38 million on $67.79 million of
revenues for the year ended Dec. 31, 2015.  

As of March 31, 2017, Apollo Endosurgery had $88.57 million in
total assets, $54.10 million in total liabilities and $34.47
million in total
stockholders' equity.


ARCONIC INC: Reduces Total Debt by Roughly $1.25 Billion
--------------------------------------------------------
Arconic Inc. has completed the previously indicated early
redemption of all its 6.50% Bonds due 2018 and 6.75% Notes due 2018
in the aggregate principal amount of $100,099,000 and $344,814,000,
respectively.  Holders of the 6.50% Bonds were paid $1,049.99 per
$1,000.00 aggregate principal amount of the 6.50% Bonds, or an
aggregate of $105.1 million, plus accrued and unpaid interest up
to, but not including, the redemption date, and holders of the
6.75% Notes were paid $1,054.26 per $1,000.00 aggregate principal
amount of the 6.75% Notes, or an aggregate of $363.5 million, plus
accrued and unpaid interest up to, but not including, the
redemption date.  These redemptions are a component of Arconic's
de-leveraging program.

Taken together, Arconic actions in 2017 have resulted in the
Company reducing its total debt by approximately $1.25 billion.

                       About Arconic Inc.

New York-based Arconic Inc. (NYSE: ARNC), formerly Alcoa Inc. --
www.arconic.com -- is engaged in lightweight metals engineering and
manufacturing.  Arconic's products, which include aluminum,
titanium, and nickel, are used worldwide in aerospace, automotive,
commercial transportation, packaging, building and construction,
oil and gas, defense, consumer electronics, and industrial
applications.

Arconic reported a net loss of $941 million for the year ended Dec.
31, 2016, following a net loss of $322 million for the year ended
Dec. 31, 2015.  

As of March 31, 2017, Arconic had $20.15 billion in total assets,
$14.66 billion in total liabilities and $5.49 billion in total
equity.


ARCONIC INC: Releases Final Results of Annual Meeting
-----------------------------------------------------
Arconic Inc. filed a current report on Form 8-K/A with the
Securities and Exchange Commission as an amendment to the Current
Report on Form 8-K that the Company filed on June 1, 2017, to
announce the preliminary results of the Company's annual meeting of
shareholders held on May 25, 2017.  The Amendment was filed to
disclose (i) the final voting results received on June 22, 2017,
from IVS Associates, Inc., the independent Judge of Election for
the Annual Meeting, (ii) the Arconic Board of Directors'
determination with respect to the frequency of advisory shareholder
votes on executive compensation and (iii) certain related matters.

The Annual Meeting of shareholders was held on May 25, 2017.
The final tabulation from IVS of voting results for the election of
directors and other proposals are set forth below:

  (a) The Company's shareholders elected the following nominees to

      the Arconic Board of Directors, each for a three-year term:
      Christopher L. Ayers, Elmer L. Doty, David P. Hess, Patrice
      E. Merrin and Ulrich R. Schmidt.

  (b) The proposal to ratify the appointment of
      PricewaterhouseCoopers LLP to serve as Arconic's independent
      registered public accounting firm for 2017 was approved.

  (c) The proposal to approve, on an advisory basis, executive
      compensation was approved.

  (d) The yearly frequency of future advisory votes on executive
      compensation received the highest number of votes.

  (e) The proposal to approve an amendment of the Articles of
      Incorporation to eliminate the supermajority voting
      requirement in the Articles of Incorporation regarding
      amending Article SEVENTH (fair price protection) did not
      receive the requisite votes for approval.

  (f) The proposal to approve an amendment of the Articles of
      Incorporation to eliminate the supermajority voting
      requirement in the Articles of Incorporation regarding
      amending Article EIGHTH (director elections) did not
      receive the requisite votes for approval.

  (g) The proposal to approve an amendment of the Articles of
      Incorporation to eliminate the supermajority voting
      requirement in the Articles of Incorporation relating to
      the removal of directors did not receive the requisite
      votes for approval.

  (h) The proposal to approve an amendment of the Articles of
      Incorporation to eliminate the classification of the Board
      of Directors did not receive the requisite votes for
      approval.

  (i) The shareholder proposal (simple majority vote) was
      approved.

Based on the voting results, the Arconic Board of Directors has
determined that advisory votes on executive compensation will be
submitted to shareholders on an annual basis until the next
required advisory vote on the frequency of shareholder votes on
executive compensation.

Grantor Trust

As previously disclosed, Arconic maintains a grantor trust relating
to certain of the Company's nonqualified deferred compensation and
retirement benefit plans, which was established pursuant to a trust
agreement entered into by the Company in 1993 and amended and
restated in 2007.  In light of the outcome of the election of
directors at the Annual Meeting, the Company did not deliver a
notice of the occurrence of a change in control to the trustee of
the grantor trust following the certification of the voting
results.

Advance Notice Deadlines for Shareholder Proposals

As previously disclosed, Arconic postponed the Annual Meeting from
May 10, 2017, to May 25, 2017.  In light of this postponement, for
any proposal that is not submitted for inclusion in the Company's
2018 proxy statement, but is instead sought to be presented
directly at the 2018 annual meeting of shareholders, notice of
intention to present the proposal, including all information
required to be provided by the shareholder in accordance with the
Company's By-Laws, must be received in writing at the Company's
principal executive offices, as otherwise described in the
Company's proxy statement for the Annual Meeting, by Feb. 24, 2018.


                       About Arconic Inc.

New York-based Arconic Inc. (NYSE: ARNC), formerly Alcoa Inc. --
www.arconic.com -- is engaged in lightweight metals engineering and
manufacturing.  Arconic's products, which include aluminum,
titanium, and nickel, are used worldwide in aerospace, automotive,
commercial transportation, packaging, building and construction,
oil and gas, defense, consumer electronics, and industrial
applications.

Arconic reported a net loss of $941 million for the year ended Dec.
31, 2016, following a net loss of $322 million for the year ended
Dec. 31, 2015.  As of March 31, 2017, Arconic had $20.15 billion in
total assets, $14.66 billion in total liabilities and $5.49 billion
in total equity.


ATHANAS FENCE: Plan Filing Deadline Moved to Aug. 1
---------------------------------------------------
The Hon. Timothy A. Barnes of the U.S. Bankruptcy Court for the
Northern District of Illinois has extended, at the behest of
Athanas Fence Co., Inc., the time for the Debtor to file a plan of
reorganization and proposed disclosure statement to and including
Aug. 1, 2017.

                     About Athanas Fence Co.

Athanas Fence Co., Inc., sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Ill. Case No. 17-03883) on Feb. 10,
2017.  The petition was signed by James J. Athanas, president.  The
case is assigned to Judge Timothy A. Barnes.  At the time of the
filing, the Debtor estimated assets of less than $50,000 and
liabilities of less than $500,000.


AUBURN ARMATURE: Taps Chikol's David Kebrdle as CRO
---------------------------------------------------
Auburn Armature, Inc., et al., seek authority from the US
Bankruptcy Court for the Northern District of New York, Syracuse
Division, to employ Chikol, LLC b/d/a Chikol Equities Inc., to
provide an interim chief restructuring officer.   Specifically, Mr.
David Kebrdle at Chikol will serve as CRO.

The CRO's task will include direction and oversight of the
Company's operations, its employees and contractors.  This includes
the sale, motor and panel shops, administrative and branch
operations.

The cost of Chikol's services will be $20,000 per month for the
services of a Chikol managing partner as CRO and $900 to $1,050 per
day for associate professionals as needed plus actual out of pocket
expenses, depending on the background and experience of the
particular individual performing the task.
  
David Kebrdle attests that Chikol is disinterested, as that term is
described in 11 U.S.C. Section 101(13).

The Firm can be reached through:

     David Kebrdle
     CHIKOL LLC
     51618 Autumn Ridge Drive
     Granger, IN 45630
     Tel: (574) 360-8755
     Email: davidkebrdle@chikol.com

                   About Auburn Armature

Based in Auburn, New York, Auburn Armature Inc. --
http://www.aainy.com/-- along with affiliates EASA Acquisition I,
LLC, and EASA Acquisition II, LLC, operates an electric motor
repair service and electrical equipment distribution network in New
York including Binghamton, Rochester, Syracuse, Albany, Auburn, and
Buffalo.

AAI is the sole member of both EASA I and EASA II.  All of AAI's
outstanding stock is owned by Electrical Supply Acquisition, Inc.,
which in turn is owned by DeltaPoint Capital IV, LP and DeltaPoint
Capital IV (New York), LP.

AAI, EASA I and EASA II sought Chapter 11 protection (Bankr.
N.D.N.Y. Lead Case No. 17-30743) on May 19, 2017.  Geoffrey L.
Murphy, president & CEO, signed the petitions.  AAI estimated $10
million to $50 million in assets and debt.

Judge Margaret M. Cangilos-Ruiz presides over the case.  Menter,
Rudin & Trivelpiece, P.C., serves as counsel to the Debtors. League
Park Advisors is the Debtors' investment banker.

On June 1, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  No trustee or examiner
has been appointed.


AUTHENTIDATE HOLDING: Incurs $165K Loss in Quarter Ended Sept. 30
-----------------------------------------------------------------
Authentidate Holding Corp. filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
available to common shareholders of $165,291 on $6.05 million of
total net revenues for the three months ended Sept. 30, 2016,
compared to net income available to common shareholders of $2.80
million on $9.39 million of total net revenues for the three months
ended Sept. 30, 2015.

As of Sept. 30, 2016, Authentidate had $50.72 million in total
assets, $16.33 million in total liabilities and $34.39 million in
total shareholders' equity.

At Sept. 30, 2016, unrestricted cash and cash equivalents amounted
to approximately $601,000 and current assets at that date were
approximately $3,579,000 compared to June 30, 2016, cash and cash
equivalents of approximately $1,415,000 and current assets of
approximately $4,187,000.  The Company's current estimated monthly
operational requirements are approximately $1,300,000.  Currently,
the Company's available cash and cash equivalents as of June 23,
2017, is approximately $1,100,000.  Net cash used by operating
activities for the quarter ended Sept. 30, 2016, was approximately
$274,000, net cash used by investing activities was approximately
$15,000, and total cash used was approximately $814,000.

As of June 23, 2017, and after giving effect to the recent note
exchange transaction, there is outstanding an aggregate principal
amount of $2,545,199 of senior secured convertible notes with a
maturity date of March 20, 2018, and a secured note subordinated to
the interests of the existing senior lenders in the principal
amount of $330,000 with a maturity date of June 15, 2018.  The
Company expects its existing resources, revenues generated from
operations, and proceeds received from other transactions the
Company is considering (of which there can be no assurance) to
satisfy its working capital requirements for at least the next
twelve months; however, no assurances can be given, that it will be
able to generate sufficient cash flow from operations or complete
other transactions to satisfy its other obligations. These factors,
among others, raise substantial doubt about the Company's ability
to continue as a going concern.

"The Company does not have a bank line of credit or other fixed
source of capital reserves.  We are exploring potential
transactions to improve our capital position to ensure we are able
to meet our financing and working capital requirements.  We would
expect to raise additional funds through obtaining a credit
facility from an institutional lender or undertaking private debt
financings.  Raising additional funds by issuing equity or
convertible debt securities may cause our stockholders to
experience substantial dilution in their ownership interests and
new investors may have rights superior to the rights of our other
stockholders.  Raising additional funds through debt financing or
preferred stock, if available, may involve covenants that restrict
our business activities and options and such additional securities
may have powers, designations, preferences or rights senior to our
currently outstanding securities.  We may also enter into financing
transactions which involve the granting of liens on our assets or
which grant preferences of payment from our revenue streams, all of
which could adversely impact our ability to rely on our revenue
from operations to support our ongoing operating costs.
Alternatively, we may seek to obtain new financing from existing
security holders, which may include reducing the exercise or
conversion prices of outstanding securities, or the issuance of
additional equity securities.  Currently, we do not have any
definitive agreements with any third-parties for such transactions
and there can be no assurance; however, that we will be successful
in raising additional capital or securing financing when needed or
on terms satisfactory to the company.  If we are unable to raise
additional capital when required, or on acceptable terms, we will
need to reduce costs and operations substantially or potentially
suspend operations, any of which would have a material adverse
effect on our business, financial condition and results of
operations."

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

                       https://is.gd/7SmS0N

                        About Authentidate

Authentidate Holding Corp. and its subsidiaries primarily provide
an array of clinical testing services to health care professionals
through its wholly owned subsidiary, Peachstate Health Management,
LLC d/b/a AEON Clinical Laboratories.  AHC also continues to
provide its legacy secure web-based revenue cycle management
applications and telehealth products and services that enable
healthcare organizations to increase revenues, improve
productivity, reduce costs, coordinate care for patients and
enhance related administrative and clinical workflows and
compliance with regulatory requirements.  Web-based services are
delivered as Software as a Service (SaaS) to its customers
interfacing seamlessly with billing, information and records
management systems.

Authentidate Holding Corp. and its subsidiaries provide secure
web-based revenue cycle management applications and telehealth
products and services that enable healthcare organizations to
increase revenues, improve productivity, reduce costs, coordinate
care for patients and enhance related administrative and clinical
workflows and compliance with regulatory requirements.  The
Company's web-based services are delivered as Software as a Service
(SaaS) to its customers interfacing seamlessly with billing,
information and document management systems.  These solutions
incorporate multiple features and security technologies such as
business-rules based electronic forms, intelligent routing,
transaction management, electronic signatures, identity
credentialing, content authentication, automated audit trails and
remote patient management capabilities.  Both web and fax-based
communications are integrated into automated, secure and trusted
workflow solutions.

Authentidate posted net income of $5.26 million on $34.57 million
of total net revenues for the year ended June 30, 2016, compared to
net income of $9.23 million on $24.44 million of total net revenues
for the year ended June 30, 2015.

EisnerAmper LLP, in Iselin, New Jersey, issued a "going concern"
qualification on the consolidated financial statements for the year
ended June 30, 2016, citing that the Company has a working capital
deficit and its capital requirements have been and will continue to
be significant, which raise substantial doubt about its ability to
continue as a going concern.


AVAYA INC: Seeks OK of $4.6-Mil. Key Employee Incentive Plan
------------------------------------------------------------
BankruptcyData.com reported that Avaya Inc. filed with the U.S.
Bankruptcy Court a motion seeking entry of an order approving the
Debtors' 3Q-4Q 2017 Key Employee Incentive Program (KEIP). The
motion explains, "The Debtors request entry of an order approving
the Debtors' 3Q-4Q 2017 Key Employee Incentive Program for up to 14
key employees for the Debtors' third and fourth fiscal quarters
ending June 30 and September 30, 2017, respectively, and providing
for payment an aggregate award pool of between $2.1 million and
$3.2 million per quarter, subject to achievement of Threshold
Adjusted EBITDA and the Emergence Milestones.  The 3Q-4Q KEIP is
designed to incentivize key members of management and maximize
value for the estate. For example, the proposed 3Q-4Q KEIP
incorporates an 'Emergence Milestone' component, under which 10% of
an individual KEIP Participant's total award opportunity is tied to
the date by which the Debtors emerge from chapter 11, thereby
further incentivizing the speedy resolution of these chapter 11
cases . . . .  The 3Q-4Q KEIP will cost a total of approximately
$4.6 million at threshold opportunity levels and $6.0 million at
maximum opportunity levels -- in each case assuming targeted
performance and emergence goals are actually achieved; by
comparison, the Debtors' prepetition balance sheet includes more
than $6.0 billion of funded debt. At the maximum opportunity level,
the 3Q KEIP's $3.2 million award level total reflects approximately
1.5% of the requisite Adjusted EBITDA performance of $219 million,
and the 4Q KEIP's $2.8 million award level total reflects
approximately 1.1% of the requisite Adjusted EBITDA performance of
$252 million; and in each case the KEIP remains self-funding given
that performance is measured net of the cost of the KEIP." The
Court scheduled a July 13, 2017 hearing to consider the KEIP
motion, with objections due by July 6, 2017.

                      About Avaya Inc.

Avaya Inc., together with its affiliates, is a multinational
company that provides communications products and services,
including, telephone communications, internet telephony, wireless
data communications, real-time video collaboration, contact
centers, and customer relationship software to companies of
various
sizes.  

The Avaya Enterprise serves over 200,000 customers, consisting of
multinational enterprises, small- and medium-sized businesses, and
911 services as well as government organizations operating in a
diverse range of industries.   It has approximately 9,700
employees worldwide as of Dec. 31, 2016.

Avaya Inc. and 17 of its affiliates sought protection under Chapter
11 of the Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No. 17-10089)
on Jan. 19, 2017.  The petitions were signed by Eric S. Koza, CFA,
chief restructuring officer.  

Judge Stuart M. Bernstein presides over the cases.

The Debtors have hired Kirkland & Ellis LLP as legal counsel;
Centerview Partners LLC as investment banker; Zolfo Cooper LLC as
restructuring advisor; PricewaterhouseCoopers LLP as auditor; KPMG
LLP as tax and accountancy advisor; and The Siegfried Group, LLP
as financial services consultant.  Prime Clerk LLC is their claims
and noticing agent.

On Jan. 31, 2017, the U.S. Trustee for Region 2, appointed an
official committee of unsecured creditors.  Morrison & Foerster is
the creditors committee's counsel.

Stroock & Stroock & Lavan LLP and Rothschild, Inc., serve as
advisors to an ad hoc group -- Ad Hoc Crossholder Group --
comprised of holders of the Company's (i) 33.98% of the $3.235
billion total amount outstanding under loans issued pursuant to a
Third Amended and Restated Credit Agreement, amended and restated
as of December 12, 2012 (the "Prepetition Cash Flow Term Loans");
(ii) 28.38% of the $1.009 billion total principal amount
outstanding under notes issued pursuant to an indenture for the
7.00% Senior Secured Notes Due 2019 (the "7.00% First Lien Notes");
(iii) 12.82% of the $290 million total principal amount outstanding
under notes issued pursuant to an indenture for 9.00% Senior
Secured Notes Due 2019 (the "9.00% First Lien Notes"); (iv) 83.70%
of the $1.384 billion total amount outstanding under notes issued
pursuant to an indenture for 10.5% Senior Secured Notes Due 2021
(the "Second Lien Notes"); and (v) 24% of the $725 million
outstanding under loans issued under the Debtors'
debtor-in-possession financing (the "DIP Facility") pursuant to a
Superpriority Secured Debtor-In-Possession Credit Agreement, dated
as of January 24, 2017.


B&B METALS: Hires Barash & Everett as Attorney
----------------------------------------------
B&B Metals, Inc., seeks authority from the U.S. Bankruptcy Court
for the Central District of Illinois to employ Barash & Everett,
LLC, as attorney to the Debtor.

B&B Metals requires Barash & Everett to:

   a. represent the Debtor in the Chapter 11 case and to advise
      the Debtor as to its rights, duties, and powers as a debtor
      in possession;

   b. prepare and file all necessary statements, schedules, and
      other documents and to negotiate and prepare one or more
      plans of reorganization for the Debtor;

   c. represent the Debtor at all hearings, meetings of
      creditors, conferences, trials, and other proceedings in
      the bankruptcy case; and

   d. perform such other legal services a may be necessary in
      connection with the bankruptcy case.

Barash & Everett will be paid at these hourly rates:

     Attorney                 $165-$300
     Paralegal                $120

Barash & Everett received an retainer in the amount of $5,500.

Barash & Everett will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Justin M. Raver, partner of Barash & Everett, 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.

Barash & Everett can be reached at:

     Justin M. Raver, Esq.
     BARASH & EVERETT, LLC
     211 West Second Street
     Kewanee, IL 61443
     Tel (309) 852-5555
     E-mail: justin@barashlaw.com

                   About B&B Metals, Inc.

B&B Metals, Inc., sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. C.D. Ill. Case No. 17-80859) on June 9,
2017. The Debtor hired Barash & Everett, LLC, as attorney.



BAB METAL: Hires Walker & Patterson as Attorney
-----------------------------------------------
BAB Metal Recycling, LLC, seeks authority from the U.S. Bankruptcy
Court for the Southern District of Texas to employ Walker &
Patterson, P.C., as attorney to the Debtor.

BAB Metal requires Walker & Patterson to:

   a. prepare and file any necessary complaint or complaints to
      recover property of the estate;

   b. render advice and counsel to the Debtor-In-Possession, to
      prepare pleadings and documents for the use and sale of
      property;

   c. prepare, negotiate and draft documents required for a Plan
      of Reorganization and the accompanying Disclosure
      Statement;

   d. represent the Debtor-In-Possession at court hearings and to
      perform all other legal services which may be necessary to
      carry-out the provisions of Title 11 of the U.S. Code.

Walker & Patterson will be paid at these hourly rates:

     Partners                          $350-$450
     Associates/Staff Attorney         $300
     Legal Assistants/Law Clerks       $100

Walker & Patterson will be paid a retainer in the amount of
$20,000.

Walker & Patterson will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Johnie Patterson, partner of Walker & Patterson, P.C., assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtor and its estates.

Walker & Patterson can be reached at:

     Johnie Patterson, Esq.
     WALKER & PATTERSON, P.C.
     4815 Dacoma
     Houston, TX 77092
     Tel: (713) 956-5577
     Fax: (713) 956-5570

                   About BAB Metal Recycling, LLC

Southwest Metal Recycling is a full service metal recycler in
southwest Houston. It buys ferrous and non-ferrous metals. The
Company specializes in meeting the needs of electricians, plumbers,
pipefitters, sheet metal shops, fabricators, machine shops and
engineers.

BAB Metal Recycling, LLC, based in Houston, TX, filed a Chapter 11
petition (Bankr. S.D. Tex. Case No. 17-60038) on May 14, 2017. The
Hon. David R. Jones presides over the case. Johnie Patterson, Esq.,
at Walker & Patterson, P.C., serves as bankruptcy counsel.

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



BLUE RACER: S&P Raises CCR to 'B+'; Outlook Stable
--------------------------------------------------
S&P Global Ratings said it raised its corporate credit rating on
Blue Racer Midstream LLC to 'B+' from 'B'.  The outlook is stable.

At the same time, S&P is raising the issue-level rating on the
senior secured credit facility to 'BB' from 'BB-'.  The recovery
rating remains '1', indicating S&P's expectation for very high
recovery (90%-100%; rounded estimate: 95%) in a default scenario.
S&P is also raising its issue-level rating on the company's
unsecured notes to 'B' from 'B-'.  The recovery rating remains '5',
indicating S&P's expectation for modest recovery (10%-30%; rounded
estimate: 15%) in a default scenario.

The stable outlook reflects S&P's view the Blue Racer Midstream LLC
will have adequate liquidity over the next 12 months.  S&P expects
debt to EBITDA between 4.5x and 5x through 2018.  This reflects
modest volume growth due to increased producer activity in Blue
Racer's dedicated acreage.

S&P could lower the ratings if liquidity deteriorates or if it
expects further reductions in volumes such that Blue Racer sustains
debt above 5x.

S&P does not expect further positive rating action at this time;
however, S&P could raise the rating if scale increases or if Blue
Racer's contract profile improves due to an increased percentage of
minimum volume commitments.


BLUE RIBBON: S&P Affirms 'B' CCR & Revises Outlook to Negative
--------------------------------------------------------------
S&P Global Ratings revised its outlook on Blue Ribbon Intermediate
Holdings LLC to negative from stable.  S&P also affirmed its 'B'
corporate credit rating as well as the 'B' issue-level rating and
'3' recovery rating on the company's first-lien facility, which
consists of a $95 million revolver due November 2019 and
$495 million first-lien term loan due November 2021.

The outlook revision to negative reflects lower projected EBITDA
for fiscal year 2017 and higher-than-expected debt levels driven by
a recent upsize to Blue Ribbon's first-lien facility and weaker
cash flows, which should cause leverage in 2017 to remain well
above our previous projections.  This outlook revision follows a
weaker–than-expected 2016, when significant volume
underperformance within its craft segment and higher marketing and
selling expenses related to its "hard soda" offerings caused
adjusted EBITDA to decline roughly 34% from the previous year and
for debt to EBITDA to rise to roughly 8.7x, well above S&P's
forecast.  While S&P forecasts that restructuring efforts to reduce
selling, general, and administration (SG&A) expenses, providing
uplift to EBITDA in 2017; its core brands to continue to maintain
share; and debt to EBITDA to improve below 8x,continued
underperformance in its craft segment will pressure credit metrics
through 2017.

The negative outlook reflects the risk that the company can't
achieve and maintain debt to EBITDA below 8x due to continued
underperformance of its craft portfolio and the resulting impact on
operating performance and cash flow in excess of S&P's forecast.

S&P could lower the ratings if the company can't implement cost
reductions or continue to execute and maintain share within its
core brands, causing EBITDA margins to erode by 100 basis points
and result in debt to EBITDA remaining above 8x with no prospects
for improvement over the next 12 months.

S&P could revise our outlook to stable if it is comfortable that
the effect of the declining craft portfolio is line with S&P's
expectations and the company will reduce its cost structure in line
with S&P's forecast, resulting in debt to EBITDA below 8x on a
sustained basis.


BRANDYWINE TOWNHOUSES: Property Sale Closing Date Moved to July 7
-----------------------------------------------------------------
Judge Barbara Ellis-Monro of the U.S. Bankruptcy Court for the
Northern District of Georgia extended the deadline for the closing
of the sale by Brandywine Townhouses, Inc., of the real property
located at 85 Mount Zion Road, Atlanta, Georgia to Fannie Mae to
July 7, 2017.

The Mt. Zion Property is generally described as 238 housing units
in four housing projects located under the system used to identify
improved property by said street address and more particularly
described in the legal description in the first secured mortgage
recorded in Book 45537, Page 362 in the official records of the
deed’s office maintained by the Superior Court of Fulton County,
Georgia.

The Order authorizing the sale of the Mt. Zion Property free and
clear of all liens, encumbrances and other interest established a
closing date of June 2, 2017.  The Parties anticipate the closing
to occur on June 23, 2017, and are requesting the deadline be
extended in the abundance of caution.  The Parties are in agreement
that the deadline set forth in the Order be extended to July 7,
2017.

                  About Brandywine Townhouses

Brandywine Townhouses, Inc., sought Chapter 11 protection (Bankr.
N.D. Ga. Case No. 13-75582) on Nov. 25, 2013, estimating assets and
liabilities in the range of $1 million to $10 million.  The
petition was signed by Shirley Bibbs, president.

Judge Barbara Ellis-Monro is assigned to the case.

The Debtor tapped Rodney L. Eason, Esq., at The Eason Law Firm as
counsel.


BRONCO MIDSTREAM: S&P Affirms 'B' CCR & Revises Outlook to Pos.
---------------------------------------------------------------
S&P Global Ratings said it affirmed its 'B' corporate credit and
issue-level ratings on Bronco Midstream LLC and revised the outlook
to positive from stable.  The '3' recovery rating on the
issue–level debt is unchanged, indicating S&P's expectation of
meaningful (50% to 70%; rounded estimate: 60%) recovery in the
event of payment default.

The positive outlook on Bronco reflects that of Enable Midstream
Partners, and our expectation that Bronco will maintain adequate
liquidity while receiving a stable distribution from Enable.  S&P
expects 2017 debt leverage will improve to the 5.5x to 5.75x range
due to the cash flow sweep.

S&P could consider revising the outlook to stable if it revised the
rating outlook on Enable to stable.  This could also occur if
Bronco's interest coverage ratio were sustained below 3x.

S&P could raise the rating if it raised the rating of Enable.  This
could occur if Bronco maintained adequate cushion to its debt
leverage covenant, which steps down over time.  This would also
require sustaining an interest coverage ratio above 3x.


CASCO INVESTMENTS: Unsecureds to Recoup 75% Under Plan
------------------------------------------------------
Casco Investments, Inc., filed with the U.S. Bankruptcy Court for
the Southern District of Florida a first amended disclosure
statement dated June 12, 2017, for the Debtor's plan of
reorganization.

Under the Plan, within 30 days of the Effective Date, holders of
allowed Class 4 Unsecured Claims will be paid 75% of their allowed
claims.  Class 4 is impaired by the Plan.  Holders of a Class 4
Claims will be entitled to vote to accept or reject the Plan.

The Plan will be implemented on the Effective Date, and the primary
source of the funds necessary to implement the Plan initially will
be exclusively provided by Gianfranco Napolitano.  At the present
time, the Debtor believes that the Reorganized Debtor will have
sufficient funds to pay in full the expected payments required
under the Plan at the time of the confirmation hearing.
The First Amended Disclosure Statement is available at:

          http://bankrupt.com/misc/flsb16-26517-75.pdf

As reported by the Troubled Company Reporter on March 23, 2017, the
Debtor filed with the Court a disclosure statement dated March 13,
2017, for the Debtor's plan of reorganization.  Under the Plan,
within 30 days of the Effective Date, holders of Allowed Class 4
Unsecured Claims (Unsecured Claims Not Otherwise Classified) will
be paid in full, plus post-petition and post-confirmation interest
at the rate of 4.75% from the Shareholder Plan Contribution.  Class
4 is impaired by the Plan.

                    About Casco Investments

Casco Investments, Inc., filed a Chapter 11 bankruptcy petition
(Bankr. S.D. Fla. Case No. 16-26517) on Dec. 13, 2016, disclosing
under $1 million in both assets and liabilities.  The Debtor is
represented by the Law Office of Mark S. Roher, P.A.


CAVIUM INC: S&P Revises Outlook to Pos. & Affirms 'BB-' CCR
-----------------------------------------------------------
S&P Global Ratings revised its outlook on San Jose, Calif.-based
Cavium Inc. to positive from stable, and affirmed its 'BB-'
corporate credit rating on the company.

In addition, S&P affirmed its 'BB' issue-level rating, with a
recovery rating of '2', on the company's $700 million first-lien
term loan due 2022.  S&P's '2' recovery rating indicates its
expectation for substantial recovery (rounded estimate: 70%) in the
event of payment default.

The outlook revision to positive reflects S&P's view that it could
raise its corporate credit rating on Cavium to 'BB' if the company
achieves continued revenue growth in 2017 and 2018 from customers'
adoption of new Cavium products and sustains EBITDA margin in the
30% area (up from the high-20% area before the acquisition) from
realization of cost savings.  S&P also expects management to commit
to continued debt reduction such that pro forma leverage declines
to below 2x over the next 6-12 months.

The positive outlook reflects S&P's view that it could raise its
rating on Cavium by one notch over the next 6-12 months because of
S&P's expectation for Cavium to execute on new product releases,
leading to continued good operating performance and debt repayment
using FOCF over the next 12 months.

S&P could raise the rating to 'BB' if the company's good operating
performance continues as a result of new product acceptance,
further progress on QLogic integration, and debt repayment such
that leverage is below 2x over the next 6-12 months.

S&P could revise the outlook to stable if the company's operating
performance weakens or leverage is likely to remain above 2x
because of lower than expected demand for its new products,
heightened competition, or issues related to its integration of
QLogic.


CBAK ENERGY: Yunfei Li Holds 15% Equity Stake as of May 31
----------------------------------------------------------
Yunfei Li disclosed in a regulatory filing with the Securities and
Exchange Commission that as of May 31, 2017, he beneficially owns
3,926,018 shares of Common Stock, representing approximately 15.0%
of the outstanding Common Stock of CBAK Energy Technology, Inc.
(based on 26,252,986 shares of Common Stock outstanding), as to
which he has sole voting and dispositive powers.

On April 19, 2016, pursuant to the 2015 Plan, the Company granted
Mr. Li an aggregate of 150,000 restricted shares of the Company's
Common Stock.  The restricted shares vest semi-annually in six
equal installments over a three year period with the first vesting
on Dec. 31, 2016.

On May 31, 2017, Mr. Li entered into a securities purchase
agreement with the Company, pursuant to which, Mr. Li acquired
764,018 shares of Common Stock at a purchase price of $1.50 per
share for a total of $1,146,027.  That purchase was funded from Mr.
Li's personal funds.

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

                      https://is.gd/BVKZzW

                       About CBAK Energy

Dalian, China-based CBAK Energy Technology, Inc., formerly China
BAK Battery, Inc., incorporated on Oct. 4, 1999, is a holding
company.  The Company and its subsidiaries are principally
engaged in the manufacture, commercialization and distribution of
a range of standard and customized lithium ion (Li-ion)
rechargeable batteries for use in an array of applications.  The
Company's products are sold to packing plants operated by third
parties primarily for use in mobile phones and other electronic
devices.  The Company conducts its manufacturing activities in
China.

China Bank is the first China-based lithium battery company
listed in the U.S., in January 2005 (NASDAQ: CBAK).

The Company's subsidiaries include China BAK Asia Holdings
Limited (BAK Asia), Dalian BAK Trading Co., Ltd. (Dalian BAK
Trading), and Dalian BAK Power Battery Co., Ltd. (Dalian BAK
Power). Dalian BAK Trading focuses on the wholesale of lithium
batteries and lithium batteries' materials, import and export
business, and related technology consulting services.  Dalian BAK
Power focuses on the development and manufacture of high-power
lithium batteries.

China BAK reported a net loss of US$12.65 million for the year
ended Sept. 30, 2016, following net profit of $15.87 million for
the year ended Sept. 30, 2015.  As of March 31, 2017, CBAK Energy
had US$97.30 million in total assets, US$86.45 million in total
liabilities and US$10.84 million in total shareholders' equity.

Centurion ZD CPA Limited, in Hong Kong, China, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Sept. 30, 2016, stating that the Company has a
working capital deficiency, accumulated deficit from recurring net
losses and significant short-term debt obligations maturing in less
than one year as of Sept. 30, 2016.  All these factors raise
substantial doubt about its ability to continue as a going concern.


CENTURYLINK INC: Class Suit Potentially Credit Neg., Moody's Says
-----------------------------------------------------------------
CenturyLink, Inc. is facing a class-action lawsuit alleging that
the company falsely signed up customers in Arizona for services
that were not requested. Moody's believes that if the company is
guilty of the allegations, any potential settlement amount is
likely to be limited and unlikely to impact to the company's
ratings. However, it is too premature to assess the validity of
these claims and the extent of the alleged conduct which could
potentially result in a large settlement. The class-action
complaint is seeking damages estimated to range between $600
million and $12 billion. Moody's says the recent news does not
impact CenturyLink's Ba2 corporate family rating ("CFR") and the
ratings remain on review for downgrade. Moody's does not expect the
lawsuit to impact CenturyLink's acquisition of Level 3
Communications, Inc., which is on track to close by the end of the
third quarter of 2017.

CenturyLink's current Ba2 CFR reflects the company's predictable
cash flows, its broad base of operations and a strong market
position, especially in its fiber-enabled large markets. These
positives are offset by the challenges in reversing the downward
pressure on revenues and EBITDA margins due to competitive forces
and secular changes in the industry. Management's growing tolerance
for higher leverage as evidenced by debt-financed M&A also weighs
on the rating.

Moody's could upgrade CenturyLink's ratings to Ba1 if leverage
(Moody's adjusted) were to be sustained below 3.4x and free cash
flow to debt were in the high single digits. More importantly,
Moody's would need evidence that management is committed to a more
conservative financial policy. Moody's could downgrade
CenturyLink's ratings to Ba3 if leverage (Moody's adjusted) were to
exceed 3.8x or free cash flow turned negative on a sustained basis,
or if capital investment were reduced to levels that would weaken
the company's competitive position.

CenturyLink, Inc., headquartered in Monroe, Louisiana, is an
integrated communications company that provides an array of
communications services to residential, business, governmental and
wholesale customers. As of March 31, 2017, CenturyLink operated
approximately 10.9 million access lines in 37 states, served
approximately 5.9 million high-speed Internet subscribers.


CHELLINO CRANE: Committee Taps Emerald as Financial Advisor
-----------------------------------------------------------
The Official Committee of Unsecured Creditors of Chellino Crane,
Inc., et al., seeks authorization from the U.S. Bankruptcy Court
for the Northern District of Illinois to retain Emerald Capital
Advisors Corp., as financial advisor to the Committee.

The Committee requires Emerald to:

   (a) review and analyze the Debtors' operations, financial
       condition, business plan, strategy, and operating
       forecasts;

   (b) assist the Committee in evaluating any proposed debtor-in-
       possession financing;

   (c) assist in the determination of an appropriate capital
       structure for the Debtors;

   (d) advise the Committee as it assesses the Debtors' executory
       contracts, including evaluation of assumption versus
       rejection;

   (e) assist and advise the Committee in connection with its
       identification, development, and implementation of
       strategies related to the potential recoveries for the
       unsecured creditors as it relates to the Debtors' chapter
       11 plan;

   (f) assist the Committee in understanding the business and
       financial impact of various restructuring alternatives of
       the Debtors;

   (g) assist the Committee in its analysis of the Debtors'
       financial restructuring process, including its review of
       the Debtors' development of plan of reorganization and
       related disclosure statement;

   (h) assist the Committee in evaluating, structuring and
       negotiating the terms and conditions of any proposed
       transaction, including the value of the securities, if
       any, that may be issued to thereunder;

   (i) assist in the evaluation of the asset sale process,
       including the identification of potential buyers;

   (j) assist in evaluating the terms, conditions, and impact of
       any proposed asset sale transactions;

   (k) assist the Committee in evaluating any proposed merger,
       divestiture, joint-venture, or investment transaction;

   (l) assist the Committee to value the consideration offered by
       the Debtors to unsecured creditors in connection with the
       sale of the Debtors' assets or a restructuring;

   (m) provide testimony, as necessary, in any proceeding before
       the Court; and

   (n) provide the Committee with other appropriate general
       restructuring advice.

Emerald will be paid at these hourly rates:

     Managing Partners                 $600
     Managing Directors                $550
     Vice Presidents                   $500
     Senior Associates                 $450
     Associates                        $400
     Senior Analysts                   $300-$350
     Analysts                          $200-$250

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

John P. Madden, founder and managing partner of Emerald Capital
Advisors, 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 Debtors, or for any other reason.

Emerald can be reached at:

     John P. Madden
     EMERALD CAPITAL ADVISORS
     70 East 55th Street, 17th Floor
     New York, NY 10022
     Tel: (212) 201-1904
     Fax: (212) 731-0307

                   About Chellino Crane, Inc.

Headquartered in Joliet, Illinois, Chellino Crane Inc. and its
affiliates operate cranes for refineries owned by some of the
largest downstream oil and gas refineries in the world. Chellino
consists of two divisions: a Crane Division focused on providing
customers with a full range of crane services, and a Heavy
Haul/Heavy Lift Division, which specializes in transport and heavy
lift or rigging services. Sam Chellino began operating the company
in 1947, and to this day the company is family-owned and operated.


Chellino and four of its affiliates sought protection under Chapter
11 of the Bankruptcy Code (Bankr. N.D. Ill. Case No. 17-14200) on
May 5, 2017. The petitions were signed by Gregory Chellino,
president.

At the time of the filing, Chellino Crane estimated its assets and
liabilities at $50 million to $100 million.

Judge Carol A. Doyle presides over the cases. The Debtors hired
Sugar Felsenthal Grais & Hammer LLP as lead counsel; Akerman LLP as
special counsel; Conway MacKenzie, Inc. as financial advisor; and
Epiq Bankruptcy Solutions, LLC as noticing, claims and balloting
agent.

On May 17, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors. The committee tapped
Brown Rudnick LLP to serve as co-counsel with Freeborn & Peters
LLP, Emerald Capital Advisors Corp., as financial advisor,
FocalPoint Securities, LLC, as investment banker.



CHICO HEALTH: Plan Outline Okayed, Plan Hearing on July 25
----------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of California
will consider approval of the Chapter 11 plan of reorganization for
Chico Health Imaging, LLC at a hearing on July 25, at 2:00 p.m.
(Pacific Time).

The court will also consider at the hearing the final approval of
the company's disclosure statement, which it conditionally approved
on June 13.

The order set a July 11 deadline for creditors to file their
objections and cast their votes accepting or rejecting the proposed
plan.

The latest plan proposes to pay each creditor holding Class 3
general unsecured claims in full in cash its pro rata share of the
so-called "creditor fund" after payment of Class 2 priority
unsecured claims.

Under its latest plan, Chico Health Imaging increased the estimated
amount of general unsecured claims to $250,000 from $185,000.

Meanwhile, North State Medical Group Inc., which is classified in
Class 4, did not file a proof of claim and, therefore, does not
hold an allowed claim, according to Chico Health Imaging's latest
disclosure statement filed on June 12.

A copy of the disclosure statement is available for free at
https://is.gd/AXznBF
  
                   About Chico Health Imaging

Formed in 2015, Chico Health Imaging, LLC, owned and operated an
imaging center located in Chico, California, until the sale of its
assets in February 2017.  The Debtor is owned by members Accellus
Health LLC, Fred Brandon D.O., and Nonspecific Holdings LLC.  It is
managed by Kenneth Woolley and Robert Woolley.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. E.D. Calif. Case No. 17-20247) on Feb. 16, 2017.  The
petition was signed by Kenneth Woolley, manager.  

The Debtor hired Gerald M. Gordon, Esq., and Teresa M. Pilatowicz,
Esq., at Garman Turner Gordon LLP as Chapter 11 counsel, and Philip
J. Rhodes, Esq., at Phil Rhodes Law Corp. as local counsel.  The
Debtor later hired Paul J. Pascuzzi, Esq., at Felderstein
Fitzgerald Willoughby & Pascuzzi LLP, as new local counsel.

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

The case is assigned to Judge Christopher D. Jaime.  The Debtor is
represented by Garman Turner Gordon LLP.  The Debtor hired
Felderstein Fitzgerald Willoughby & Pascuzzi LLP as local counsel.

On May 23, 2017, the Debtor filed a Chapter 11 plan of
reorganization and disclosure statement.


COATES INTERNATIONAL: Has $369K Conv. Note Facility with Investor
-----------------------------------------------------------------
Coates International, Ltd., entered into a 9.75% convertible note
facility agreement with an investor on June 7, 2017.  The Agreement
provides that the investor will fund up to $369,000, including an
initial tranche of $55,000, which was funded at the closing of the
Agreement and twelve additional tranches of $26,250 each.  All
tranches mature 17 months after the date of the Agreement.  The
Agreement provides that the entire outstanding balance under the
Agreement, along with a required 25% prepayment penalty, may be
paid to the investor at the option of the Registrant, in whole, at
any time.  The investor may convert the remaining outstanding
balance of convertible notes in whole, or in part, at any time
beginning six months after funding, into shares of the Company's
common stock.  The Company may, at its option, pay all or any
portion of a note conversion in cash, or a combination of cash and
conversion shares, without penalty, provided it makes a timely
election to do so.  The number of shares of common stock to be
initially delivered upon conversion will be equal to the dollar
amount being converted divided by the variable conversion price.
The variable conversion price is the lesser of $0.01 per share, or
70% of the average of the three lowest daily volume weighted
average prices over the 15 trading day period prior to the date of
conversion.  The number of shares of the Company's common stock
required to be issued to the investor upon any conversion may be
subsequently adjusted upward in the event that the recalculated
variable conversion price on the 23rd trading day following the
date of conversion is lower than the calculated variable conversion
price on the date of conversion.  In that case, the Company would
be required to deliver the incremental number of shares to the
investor, determined based on the recalculated variable conversion
price.  Coates has reserved 50 million shares of its unissued
common stock for potential conversion of the convertible notes
under this convertible note facility.

The investor anticipates that upon any conversion, the shares of
stock it receives from the Registrant will be freely tradable in
compliance with Rule 144 of the U.S. Securities and Exchange
Commission.

The convertible promissory note was privately offered and sold to
the Holder in reliance on specific exemptions from the registration
requirements of the United States federal and state securities laws
which the Registrant believes are available to cover this
transaction based on representations, warranties, agreements,
acknowledgements and understandings provided to the Company by the
investor.

                          About Coates
    
Based in Wall Township, N.J., Coates International, Ltd.
(OTC BB: COTE) -- http://www.coatesengine.com/-- was
incorporated on Aug. 31, 1988, for the purpose of researching,
patenting and manufacturing technology associated with a spherical
rotary valve system for internal combustion engines.  This
technology was developed over a period of 15 years by Mr. George
J. Coates, who is the President and Chairman of the Board of the
Company.

The Coates Spherical Rotary Valve System (CSRV) represents a
revolutionary departure from the conventional poppet valve.  It
changes the means of delivering the air and fuel mixture to the
firing chamber of an internal combustion engine and of expelling
the exhaust produced when the mixture ignites.

Coates reported a net loss of $8.35 million on $29,200 of total
revenues for the year ended Dec. 31, 2016, compared to a net loss
of $10.20 million on $94,200 of total revenues for the year ended
Dec. 31, 2015.  

As of March 31, 2017, Coates had $2.29 million in total assets,
$7.96 million in total liabilities and a total stockholders'
deficiency of $5.66 million.

MSPC, in Cranford, New Jersey, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2016, citing that the Company continues to have
negative cash flows from operations, recurring losses from
operations, and a stockholders' deficiency.  These conditions raise
substantial doubt about the Company's ability to continue as a
going concern.


CONCORDIA INTERNATIONAL: RedHill Starts Promoting Donnatal in U.S.
------------------------------------------------------------------
Concordia International Corp. announced that RedHill Biopharma Ltd.
has started promoting Donnatal in certain U.S. territories.

Concordia and RedHill originally announced this co-promotion
agreement in January 2017 for Donnatal, Concordia's product used in
the treatment of irritable bowel syndrome.

"We are excited that RedHill is moving forward with its promotion
of Donnatal to potential prescribers in the U.S.," said Allan
Oberman, chief executive officer of the Company.  "We believe this
cost-effective partnership can leverage RedHill's experienced team
in gastroenterology sales, raise the product's profile, and
potentially allow Donnatal to reach more patients."

Under the terms of the co-promotion agreement, RedHill will incur
the sales and marketing costs associated with promotional
activities for Donnatal, while Concordia will provide materials and
samples.  Concordia will keep all revenue up to a predetermined
level of sales.  Only after reaching that predetermined level will
revenue be shared between Concordia and RedHill.

                         About Donnatal

Donnatal is used as adjunctive therapy for irritable bowel
syndrome, a condition characterized by abdominal pain, bloating,
and diarrhea or constipation, and acute enterocolitis.  It may also
be useful as adjunctive therapy for duodenal ulcer.  For more
information, including prescribing information for Donnatal, please
visit www.donnatal.com.

                   About RedHill Biopharma Ltd.

RedHill Biopharma Ltd. (NASDAQ: RDHL) (Tel-Aviv Stock Exchange:
RDHL) is a specialty biopharmaceutical company headquartered in
Israel, primarily focused on the development and commercialization
in the U.S. of late clinical-stage, proprietary,
orally-administered, small molecule drugs for the treatment of
gastrointestinal and inflammatory diseases and cancer.  More
information about RedHill is available at: www.redhillbio.com.

                          About Concordia

Concordia -- http://www.concordiarx.com/--  is a diverse,
international specialty pharmaceutical company focused on generic
and legacy pharmaceutical products. Concordia has an international
footprint with sales in more than 90 countries, and has a
diversified portfolio of more than 200 established, off-patent
products. Concordia also markets Photofrin for the treatment of
certain rare forms of cancer.
The Company operates out of facilities in Oakville, Ontario and,
through its subsidiaries, operates out of facilities in Bridgetown,
Barbados; London, England and Mumbai, India.

Concordia reported a net loss of US$1.31 billion for the year ended
Dec. 31, 2016, compared to a net loss of US$31.56 million for the
year ended Dec. 31, 2015.  

As of March 31, 2017, Concordia had US$3.61 billion in total
assets, US$4.05 billion in total liabilities and a total
shareholders' deficit of US$439.06 million.

                           *    *    *

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

In May 2017, S&P Global Ratings lowered its corporate credit rating
on Concordia to 'CCC+' from 'B-'.  "The downgrade reflects the
continued deterioration in Concordia's operating results, and
increased regulatory risk, which leads us to see heightened risk
for a potential distressed exchange or debt restructuring," said
S&P Global Ratings credit analyst Kim Logan.


CTI BIOPHARMA: Registers 1.1M Shares for Stock Option Agreement
---------------------------------------------------------------
CTI Biopharma Corp. filed with the Securities and Exchange
Commission a Form S-8 registration statement to register 1,120,000
shares of common stock, no par value per share, issuable under the
Company's Stock Option Agreement.  The proposed maximum aggregate
offering price is $4.74 million.  A full-text copy of the
regulatory filing is available for free at https://is.gd/HYQIF7

                     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.

"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 Incorporated and its affiliates, or
Baxalta, which is now part of Shire plc.  We have incurred a net
operating loss every year since our formation.  As of March 31,
2017, we had an accumulated deficit of $2.2 billion, and we expect
to continue to incur net losses for the foreseeable future.

"Our available cash and cash equivalents were $33.3 million as of
March 31, 2017.  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 quarterly report for
the period ended March 31, 2017.


CTI BIOPHARMA: Registers 2-Mil. Shares for 2017 Incentive Plan
--------------------------------------------------------------
CTI Biopharma Corp. filed with the Securities and Exchange
Commission a Form S-8 registration statement to register 2,000,000
shares of common stock, no par value per share, that are issuable
under the Company's 2017 Equity Incentive Plan.  The proposed
maximum aggregate offering price is $6,740,000.  A full-text copy
of the regulatory filing is available for free at:

                      https://is.gd/7VQxPe

                      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.

"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 Incorporated and its affiliates, or
Baxalta, which is now part of Shire plc.  We have incurred a net
operating loss every year since our formation.  As of March 31,
2017, we had an accumulated deficit of $2.2 billion, and we expect
to continue to incur net losses for the foreseeable future.

"Our available cash and cash equivalents were $33.3 million as of
March 31, 2017.  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 quarterly report for
the period ended March 31, 2017.


CTI BIOPHARMA: Registers Transferred Shares Under the 2017 Plan
---------------------------------------------------------------
CTI Biopharma Corp. previously filed with the Securities and
Exchange Commission:

   (a) the 2014 Form S-8 to register the offer of 1,100,000 shares
       of Common Stock pursuant to the 2007 Plan;

   (b) the 2015 Form S-8 to register the offer of 1,672,181 shares
       of Common Stock pursuant to the 2015 Plan and a
       Registration Statement on Form S-8 with the SEC on
       April 29, 2016, to register the offer of 1,800,000 shares
       of Common Stock pursuant to the 2015 Plan; and

   (c) the 2016 Form S-8 to register the offer of 1,800,000 shares
       of Common Stock pursuant to the 2015 Plan and a
       Registration Statement on Form S-8 with the SEC on
       Sept. 28, 2015, to register the offer of 1,672,181 shares
       of Common Stock pursuant to the 2015 Plan.

On March 13, 2017, the Company's Board of Directors adopted the
2017 Plan.  The Company's shareholders approved the 2017 Plan at
the Company's annual meeting of shareholders held on May 16, 2017.
The Company's authority to grant new awards under the 2007 Plan
terminated as of Sept. 23, 2015.  As provided in the 2017 Plan, any
shares of the Company's common stock subject to outstanding awards
under the 2007 Plan and 2015 Plan that expire, are cancelled or
otherwise terminate without such shares being issued after the 2017
Annual Meeting will be available for award grant purposes under the
2017 Plan.  As of the date of the 2017 Annual Meeting, a total of
478,423 shares were subject to awards then outstanding under the
2007 Plan, a total of 3,242,951 shares were subject to awards then
outstanding under the 2015 Plan.

The Company filed post-effective amendments to Form S-8 to register
the offer of the Transferred Shares under the 2017 Plan (as thoseh
shares would no longer be issuable under the 2007 and 2015 Plans).

                      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.

"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 Incorporated and its affiliates, or
Baxalta, which is now part of Shire plc.  We have incurred a net
operating loss every year since our formation.  As of March 31,
2017, we had an accumulated deficit of $2.2 billion, and we expect
to continue to incur net losses for the foreseeable future.

"Our available cash and cash equivalents were $33.3 million as of
March 31, 2017.  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 quarterly report for
the period ended March 31, 2017.


CUSTOM FLATBED: Taps David A. Boone as Legal Counsel
----------------------------------------------------
Custom Flatbed Services, Inc. has filed an amended application
seeking approval from the U.S. Bankruptcy Court for the Northern
District of California to hire legal counsel.

The Debtor proposes to hire the Law Offices of David A. Boone to
give legal advice regarding its duties under the Bankruptcy Code,
and provide other legal services related to its Chapter 11 case.

David Boone, Esq., and Fanny Zhang, Esq., will charge $425 per hour
and $350 per hour, respectively.  

The firm does not hold or represent any interest adverse to the
Debtor and its estate, according to court filings.

Boone can be reached through:

     David A. Boone, Esq.
     Law Offices of David A. Boone, Esq.
     1611 The Alameda
     San Jose, CA 95126
     Tel: (408) 291-6000
     Fax: (408) 291-6016
     Email: ecfdavidboone@aol.com

                About Custom Flatbed Services Inc.

Custom Flatbed Services, Inc. sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. N.D. Cal. Case No. 17-51138) on May 12,
2017.  Jose Domiguez, president and CEO, signed the petition.  

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

Judge M. Elaine Hammond presides over the case.


DENNIS JOHNSON II: Trustee's Sale of Assets to Stella Approved
--------------------------------------------------------------
Judge Frank W. Volk of the U.S. Bankruptcy Court for the Southern
District of West Virginia authorized Thomas Fluharty, Trustee for
Dennis Johnson II, to sell assets to Stella Natural Resources, Inc.
or its assigns.

A hearing on the Motion was held on June 21, 2017.

The sale is free and clear of any and all liens, claims,
liabilities, interests and encumbrances whatsoever.

Caterpillar Financial Services Corp. ("CFSC") will retain its liens
against the CFSC Collateral, and the Trustee's sale of the CFSC
Collateral will be subject to the liens and claims of CFSC, which
the Purchaser proposes to refinance.

The Commonwealth of Kentucky Energy and Environment Cabinet and the
West Virginia Department of Environmental Protection ("Governmental
Units") will retain authority for final approval of the transfer of
the Permits upon duly filed application by the Trustee.  All rights
and liabilities under the Permits will pass to the Purchaser only
upon written approval of the transfer by the Governmental Units,
except that the Debtors will remain liable for any civil penalties
resulting from violations occurring prior to the approval of the
transfer.

Pursuant to the Stipulation by and between the Trustee, the
Purchaser, and CSX Transportation, Inc., CSX consents to the
assumption and assignment of the 1995 Side Track Agreement, the
1993 Land Lease, and the Pipeline Agreement to the Purchaser,
subject to the approval of the Court.  The Trustee agrees to amend
the Asset Purchase Agreement attached to the Sale Motion to: (i)
replace its request for the assumption and assignment of the 1967
Agreement with a request for the assumption and assignment of the
Pipeline Agreement; (ii) amend the Proposed Cure Amount for the
1993 Land Lease to $27,742; and (iii) include a proposed cure
amount for the Pipeline Agreement of $505.

Pursuant to the Stipulation by and between the Trustee, the
Purchaser, and John Keeton, Keeton consents to the assumption and
assignment of Lease 1, 2, and 4 of Schedule 2.l(b) of the APA, and
upon the closing of the assumption and assignment, the Purchaser
agrees to enter into the lease amendment.

Pursuant to the Stipulation by and between the Trustee, the
Purchaser, and Jim Lewis, consents to the assumption and assignment
of Lease 5 and Lease 6 of APA Schedule 2.1(b).  The Trustee agrees
to amend the APA to amend the proposed cure amount payable to Lewis
for his overriding royalty interest on Lease 5 and Lease 6 to
$36,825.  The cure amount payable to the lessors of Lease 5 and
Lease 6 in the amount of $108,000 as stated in the APA will remain
the same and is not affected by the Stipulation.  The Purchaser and
Lewis agree that the Purchaser will pay one-half of the proposed
cure amount to Lewis at closing, and to pay the remaining half in
six equal monthly installments beginning on the first month
anniversary of the closing and each subsequent month's anniversary
thereafter until the proposed cure amount is paid in full.

Pursuant to the Stipulation by and between the Trustee and the
Debtor, the reservations of rights and claims against creditors and
lienholders and as specifically set forth in the Sale Motion are
also reserved for the Debtor, only to the extent he otherwise has
standing and the legal right to assert such claims.  His rights to
pursue any claims will only be permitted upon abandonment of those
claims by the Trustee of the bankruptcy or as the Receiver over the
Producers Land WV Receivership.  In the event the Trustee pursues
and settles said claims, the Debtor will have no right or standing
to bring the claims.  

The proposed sale by the Trustee to Purchaser allocates $40,000 of
the sale proceeds to a Cat 980G Loader and a Cat 315 excavator
owned by Redbud Dock ("Subject Equipment").  Both Peoples Bank and
First Sentry Bank assert first-priority secured claims to the
Subject Equipment.  Peoples Bank and First Sentry Bank have reached
a compromise.  At Closing, Peoples Bank will pay $20,000 to First
Sentry Bank.  Peoples Bank will pay the balance on the First Sentry
loan secured by the Subject Equipment (payoff was $33,736 as of
June 9, 2017) when the remaining Redbud Dock equipment is sold.  If
the proposed sale does not close then each party will revert to its
former position and status with respect to the Subject Equipment.
Neither party is waiving any of it rights by this agreement if the
proposed sale does not close.

Pursuant to an agreement reached by and between the Trustee, the
Purchaser, and the Prater Creek Lienholders, Schedule 2.l(d) of the
APA will be amended to include property described in a certain
Surface Deed With Retained Overriding Royalty (Tom's Branch)
between Appalachian Land Company as grantor and Elkview Reclamation
& Processing LLC as grantee, dated Aug. 11, 2014 and recorded at
Book 607, Page 435 in the Floyd County, Kentucky Clerk's Office
("Appalachian Land Co. Deed").

The Transaction Documents include (i) a promissory note in the
amount of $400,000 ("Override Note") executed and delivered by the
Purchaser and SNR Railops, LLC payable to Appalachian Land Co. and
Prater Creek Coal Corp., at the rate of $0.50 per ton for each and
every ton of coal prepared or processed at, or loaded through, the
Ivel preparation plant ("Ivel Facility") located at Ivel, Kentucky
and (ii) mortgages, assignments of rents and leases, and security
agreements executed and delivered by the Purchaser granting
replacement liens ("Override Collateral") to secure the Override
Note in favor of the Prater Creek Lienholders on all of the assets
of the Debtors and J .V. Energy Assets, LLC that are currently
encumbered by the liens held by the Prater Creek Lienholders and
any of their affiliates, including, but not limited to the Ivel
Facility.  The liens on the Override Collateral will be
first-priority liens, subordinate only to liens granted to secure
replacement bonding and the complete release of the Prater Creek
Lienholders, Berkeley Energy Corp. and Roadside Processing, Inc.
from all of their Reclamation Obligations with respect to bond
numbers 041-001529 (permit 836-0431), 041-001530 (permit 836-0432)
and 041-001531 (permit 836-0433).  It will be an event of default
under the Override Note if the Bond Guarantors are not released
from the Reclamation Obligations within 90 days from the Closing.
The property conveyed by the Appalachian Land Co. Deed will be
conveyed to the Purchaser or its designee free and clear of all
liens and interests, including but not limited to any overriding
royalty obligation set forth in the Appalachian Land Co. Deed.

At the Closing, the Trustee is authorized to pay closing costs,
fees and expenses as are necessary to complete the Sale and to make
the transfers required.  The Court approved the distributions to
secured creditors as identified in the APA and Motion and
authorized and approved the carve-out from proceeds payable to
Peoples Bank.

The Court approved the assumption and assignment of the executory
contracts and unexpired leases as identified in the APA.  The cure
amounts as set forth in the APA are accepted and approved.  All
cure amounts will constitute administrative priority claims and
will be paid directly by the Purchaser to claimants at the Closing,
as set forth in the APA.  The cure amounts will be paid by the
Purchaser and not from the Purchaser Price stated in the APA.

The Trustee is authorized and directed to distribute sale proceeds
to secured creditors at the Closing as set forth in the APA.  For
the avoidance of doubt, such distributions will include payment of
$825,000 to the Prater Creek Lienholders and $2,670,000 to Peoples
Bank and $20,000 to First Sentry Bank.  

Pursuant to Rule 6004(h) of the Federal Rules of Bankruptcy
Procedure, the Order will be effective immediately upon entry.

                      About Dennis Ray Johnson

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

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

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

Counsel for the Trustee:

          Joe M. Supple, Esq.
          SUPPLE LAW OFFICE PLLC
          801 Viand Street
          Point Pleasant, WV 25550
          Tel: 304-675-6249
          E-mail: Joe.supple@supplelaw.net


DEXTER AXLE: S&P Lowers CCR to 'B', Off CreditWatch Negative
------------------------------------------------------------
S&P Global Ratings lowered the ratings on Dexter Axle Co. to 'B'
from 'B+' including its corporate credit rating and removed all of
its ratings on the company from CreditWatch, where S&P placed them
with negative implications on May 31, 2017.  Simultaneously, S&P
reassigned its corporate credit rating on Dexter to DexKo Global
Inc. (herein collectively referred to as DexKo Global or DexKo).
The outlook is stable.

At the same time, S&P assigned its 'B' issue-level rating and '3'
recovery rating to the company's proposed first-lien credit
facility, which comprises a $150 million revolving credit facility
(undrawn at close), a $570 million first-lien term loan, a EUR257
million first-lien loan, and a EUR100 million first-lien loan.  The
'3' recovery rating indicates S&P's expectation for meaningful
recovery (50%-70%; rounded estimate: 65% for the $150 million
revolving credit facility and EUR100 million first-lien loan;
rounded estimate: 60% for all of the other first-lien issues) in
the event of a default.

Additionally, S&P assigned its 'CCC+' issue-level rating and '6'
recovery rating to the company's proposed $250 million second-lien
term loan.  The '6' recovery rating indicates S&P's expectation for
negligible recovery (0%-10%; rounded estimate: 0%) in the event of
a default.

The downgrade follows DexKo's announcement that it will be acquired
by KPS Capital Partners in a debt-funded transaction, which S&P
expects to approximately double the company's total debt
outstanding.  Although DexKo's credit metrics will be elevated
following the close of the transaction, S&P expects that the
contributions from its recently completed bolt-on acquisitions
(five completed since the beginning of 2016) and their associated
synergies, combined with continued improvement in the company's
product/price mix and its increased operating scale, will
drastically reduce its leverage below 7x adjusted debt-to-EBITDA
over the next 12-18 months.

The stable outlook on DexKo reflects S&P's expectation that modest
economic growth over next 12-18 months will support continued
demand for the company's products and moderate organic sales
growth.  S&P anticipates that the company's operating margin will
continue to improve, driven by management's process improvement
initiatives, contributions from its acquisitions, and the roll-off
of various restructuring and transaction-related expenses. Although
DexKo's leverage will be elevated following the close of the
transaction, S&P expects its adjusted debt-to-EBITDA to improve
below 7x in 2018 on increased sales and operational improvements.
Notwithstanding the company's aggressive acquisition strategy, S&P
continues to believe that its credit metrics will likely remain at
or near S&P's forecasted levels over the next 12 months.

S&P could lower its ratings on DexKo if weakening economic or
construction activity reduces the company's sales volume or
operating margins.  Under these conditions, S&P would expect the
company's adjusted debt-to-EBITDA to remain above 7x over a 12
month period.  This could occur if the company's sales decline by
the low-single digit percent area while its operating margins
contract by 100 basis points (bps).

S&P could also lower its ratings if the company pursues
acquisitions or shareholder rewards that cause its credit metrics
to remain at or above current levels or constrain its liquidity
position such that the company draws more than 35% of its revolving
credit facility's committed amount, triggering the springing
first-lien net leverage covenant.

Although unlikely over the next 12 months, S&P could raise its
ratings on DexKo if better-than-expected demand and improving
operating leverage cause the company's debt leverage to approach
4.5x on a sustained basis.  This could occur if the company's sales
increase by the mid-single digit percent area and its operating
margins expand by 700 bps.  In addition, S&P would need to be
confident that the company and its financial sponsor are committed
to maintaining financial policies that would enable DexKo to
sustain this level of improved leverage.


DRAGON MERGER: Moody's Assigns B2 CFR; Outlook Stable
-----------------------------------------------------
Moody's Investors Service assigned a B2 Corporate Family Rating
(CFR) and B2-PD Probability of Default Rating (PDR) to Dragon
Merger Sub, LLC. Concurrently, Moody's assigned B1 ratings to the
proposed first lien bank credit facilities and Euro denominated
first lien term loans and a Caa1 rating to the proposed second lien
term loan. The rating outlook is stable.

Dragon Merger Sub, LLC is a new legal entity that has been
established as a part of a transaction valued at about $1.9 billion
whereby an affiliate of KPS Capital Partners, LP (KPS) is acquiring
a controlling stake from The Sterling Group, who will continue to
have a minority ownership position. Dragon Merger Sub, LLC will be
the initial lead borrower under the credit facilities. Following
the consummation of the buyout, Dragon Merger Sub, LLC will
ultimately merge with DexKo Global, Inc. and DexKo Global, Inc.
will be the surviving entity. For purposes of the credit
discussion, Moody's will refer to Dragon Merger Sub, LLC, DexKo
Global, Inc. and its wholly owned subsidiaries collectively as
"DexKo".

The following ratings are assigned:

Issuer: Dragon Merger Sub, LLC

-- Corporate Family Rating, Assigned B2

-- Probability of Default Rating, Assigned B2-PD

-- $150 Million Senior Secured First Lien Revolving Credit
    Facility due 2022, Assigned B1 (LGD3)

-- $570 Million Senior Secured First Lien Term Loan due 2024,
    Assigned B1 (LGD3)

-- EUR257 Million Senior Secured First Lien Term Loan due 2024,
    Assigned B1 (LGD3)

-- $250 Million Senior Secured Second Lien Term Loan due 2025,
    Assigned Caaa1 (LGD5)

-- Outlook, Assigned Stable

Issuer: AL-KO VT Holdings, Gmbh

-- EUR100 Million Senior Secured First Lien Term Loan due 2024,
    Assigned B1 (LGD3)

-- Outlook, Assigned Stable

The ratings assigned are subject to Moody's receipt and review of
final documentation upon the close of the proposed transaction.

The following ratings remain unchanged and will be withdrawn upon
the closing of the transaction and the repayment in full of the
existing bank credit facilities:

Issuer: Dexter Axle Company

-- Corporate Family Rating, at B2

-- Probability of Default Rating, at B2-PD

-- $60 Million Senior Secured Revolving Credit Facility due 2020,

    at B1 (LGD3)

-- $390 Million Senior Secured Term Loan due 2022, at B1 (LGD3)

-- Outlook, at Stable

Issuer: Blitz F15-482 GmbH

-- EUR134.9 Million Senior Secured Term Loan due 2022, at B1
    (LGD3)

-- Outlook, at Stable

RATINGS RATIONALE

DexKo's B2 CFR broadly reflects the elevated financial risk
associated with its high leverage, financial sponsor ownership and
reasonable likelihood that acquisition activity will continue.
Following the sale of a controlling stake to KPS, DexKo's debt to
EBITDA will temporarily increase to levels that are weak for its B2
rating. Moody's estimates that DexKo's debt to EBITDA (calculated
using Moody's standard adjustments) will be 6.4x at the end of 2017
before falling to below 6.0x by the end of 2018. The B2 CFR also
indicates DexKo's exposure to high end market cyclicality which can
result in fluctuations in its earnings and leverage. The B2 factors
in DexKo's significant product concentration with approximately 60%
of its revenue derived from axles and chassis. However, DexKo has a
solid market position in its niche product categories and good
geographic diversification, both of which Moody's views positively.
The ratings are also supported by DexKo's reasonable interest
coverage with EBITA to interest expense remaining above 2.25x pro
forma for the transaction and its very good liquidity profile
supported by Moody's projection for at least $75 million of annual
free cash flow, sizable unused revolver capacity and the covenant
lite structure.

The stable rating outlook acknowledges that Moody's expects DexKo's
increase in debt to EBITDA to be temporary and that leverage will
fall below 6.0x by the end of 2018. The stable outlook also
reflects DexKo's moderate interest coverage and very good liquidity
profile.

An upgrade would require DexKo to demonstrate the successful
integration of its acquisitions through the achievement of its
targeted cost savings and synergies as well as revenue initiatives.
An upgrade would also require operating performance and financial
policy supporting DexKo's debt to EBITDA remaining below 4 times.

The ratings could be downgraded should operating challenges
(including the integration of acquisitions) or a financial policy
change lead to debt to EBITDA sustained above 6.0x or EBITA to
interest expense would sustained below 1.5x

The proposed first lien bank credit facilities consist of a $150
million revolving credit facility expiring in 2022, a $570 million
first lien term loan due 2024 , a EUR257 million Euro denominated
first lien term loan due 2024 and at DexKo's German subsidiary
(AL-KO VT Holdings, Gmbh) a EUR100 million Euro denominated first
lien term loan due 2024. DexKo is also seeking to raise a proposed
$250 million second lien term loan due 2025. The first lien bank
credit facilities are rated B1, one notch above the B2 CFR
reflecting their senior position in the capital structure ahead of
the second lien term loan and the other unsecured obligations.
Moody's rates the bank credit facility tranches of Dragon Merger
Sub, LLC and AL-KO VT Holdings, Gmbh the same despite the
differences in collateral because the credit agreement will have a
collateral allocation mechanism that harmonizes the recovery in the
event of default. Although, Moody's believes that the EUR100
million Euro denominated term loan at the German subsidiary will
still have a structural priority to the cash flows of DexKo's
European operations, the size of the term loan of the German
subsidiary is small relative to the total capital structure. The
Caa1 rating on the second lien term loan is two notches below the
CFR representing its junior position in the capital structure.

Headquartered in Novi Michigan, DexKo Global, Inc. is a
manufacturer of trailer axles, motorized chassis and other related
products primarily in North America and Europe. Annual net revenues
pro-forma for its recent acquisitions are over $1.2 billion.

The principal methodology used in these ratings was Global
Manufacturing Companies published in June 2017.


EXCO RESOURCES: Extends Sale Agreement Closing Date to July 21
--------------------------------------------------------------
EXCO Operating Company, LP and EXCO Land Company, LLC, both wholly
owned subsidiaries of EXCO Resources Inc., are parties to a
Purchase and Sale Agreement with VOG Palo Verde LP, a Delaware
limited partnership and subsidiary of Venado Oil and Gas, LLC,
dated as of April 7, 2017.

Pursuant to the terms of the Purchase Agreement, the consummation
of the transactions contemplated by the Purchase Agreement was
anticipated to occur on June 1, 2017, unless certain conditions to
the Closing had not been satisfied or waived on or prior to the
Original Scheduled Closing Date.  The Purchase Agreement includes
customary conditions to the Closing, including that (a) the Sellers
operate in the ordinary course of business in all material respects
during the period from and after signing until the Closing and (b)
the Sellers' representation and warranty regarding all material
contracts being in full force and effect be true as of the Closing
except for any breach that (together with all other breaches of
Sellers' representations and warranties) could reasonably be
expected to cause any liability in an aggregate amount less than
15% of the unadjusted Purchase Price.

On May 31, 2017, Chesapeake Energy Marketing, L.L.C. allegedly
terminated a long term transaction confirmation with an expiration
of June 30, 2032, between Chesapeake and Raider Marketing, LP, as
successor by merger to EOC, dated July 31, 2013.  As a result of
the alleged termination of the Contract, EOC was forced to shut-in
certain wells beginning on June 1, 2017.

Due to the alleged Contract termination, the Closing Conditions
were not anticipated to be satisfied or waived by the Original
Scheduled Closing Date and the Parties entered into the First
Amendment, dated as of May 31, 2017, to extend the Original
Scheduled Closing Date for two weeks.  As the Closing Conditions
were still not anticipated to be satisfied or waived by such
extended closing date, the Parties entered into the Second
Amendment to Purchase and Sale Agreement, dated as of June 20,
2017.

The Amendment provides that the Closing will occur on the earlier
of (a) July 21, 2017, so long as all conditions to the Closing have
been satisfied or waived by such date and (b) ten business days
following the satisfaction or waiver of all conditions to the
Closing.  If the Sellers reasonably anticipate that one or more
conditions to the Closing cannot be satisfied by the Amended
Scheduled Closing Date, then the Sellers have a one-time option to
extend the Amended Scheduled Closing Date to Aug. 15, 2017.  The
Amendment provides that (i) the R&W Condition will be deemed
satisfied by the reinstatement of the Contract or by the entry into
a new gathering agreement with terms and conditions that are
acceptable to Buyer in its sole discretion and (ii) the Covenant
Condition will be deemed waived by the Buyer, as applicable, upon
the productivity of wells that were shut in on or around the
Original Scheduled Closing Date return to certain levels.

The Amendment further provides that (a) concurrently with the
execution of the Amendment, the Parties will direct the escrow
agent to release to the Buyer $20,000,000 of the $30,000,000
deposit made by the Buyer upon execution of the Purchase Agreement
and (b) the Sellers will use their commercially reasonable efforts
to negotiate and execute an extension and amendment to a certain
lease prior to the Closing.

On June 6, 2017, the EXCO Parties and Raider filed a petition,
application for temporary restraining order and temporary
injunction against Chesapeake in Dallas County, Texas, Cause No.
DC-17-06672, in the 14th District Court of Dallas County, Texas. In
the Lawsuit the EXCO Parties and Raider assert breach of contract,
tortious interference with existing contract, tortious interference
with prospective business relations, and declaratory relief that
the Contract is still in full force and effect.  On June 7, 2017,
Chesapeake filed to remove the Lawsuit to the United States
District Court Northern District of Texas.  On June 9, 2017, the
District Court denied the EXCO Parties and Raider's motion for
temporary restraining order.  The Lawsuit remains pending in
federal court.

                          About EXCO

EXCO Resources, Inc. -- http://www.excoresources.com/-- is an oil
and natural gas exploration, exploitation, acquisition, development
and production company headquartered in Dallas, Texas with
principal operations in Texas, Louisiana and Appalachia.

Exco Resources reported a net loss of $225.3 million on $271
million of total revenues for the year ended Dec. 31, 2016,
compared to a net loss of $1.19 billion on $355.70 million of total
revenues for the year ended Dec. 31, 2015.  As of March 31, 2017,
Exco Resources had $670.71 million in total assets, $1.53 billion
in total liabilities and a $865.44 million total shareholders'
deficit.

KPMG LLP, in Dallas, Texas, issued a "going concern" qualification
on the consolidated financial statements for the year ended
Dec. 31, 2016, citing that probable failure to comply with a
financial covenant in its credit facility as well as significant
liquidity needs, raise substantial doubt about the Company's
ability to continue as a going concern.

                           *    *    *

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

In March 2017, S&P Global Ratings raised its corporate credit
rating on EXCO Resources to 'CCC-' from 'SD' (selective default).
The rating outlook is negative.  "The upgrade reflects our
reassessment of our corporate credit rating on EXCO after the
company exchanged most of its outstanding 12.5% second-lien secured
term loans for $683 million new 1.75-lien secured payment-in-kind
(PIK) term loans," said S&P Global Ratings' credit analyst
Alexander Vargas.


FIELDPOINT PETROLEUM: Sells Non-Core Assets in New Mexico
---------------------------------------------------------
FieldPoint Petroleum Corporation has completed the sale of 240 net
acres in Lea County, New Mexico, held by the North Bilbrey "7"
Federal No. 1, to a private E&P company.  FieldPoint will retain
its 50% net working interest in the only producing well bore on the
lease.  Additionally, the Company sold all net rights in the Cronos
Fee, Mercury Fee, and Hermes Fee natural gas wells and leases in
Eddy County, New Mexico, with combined net production of
approximately 3.2 MCFE per day.  Total sales price for both assets
was $2,145,000.

Total book value in both assets was approximately $113,500, so the
transaction should result in a pre-tax book gain of approximately
$2,032,000 before closing costs.

Phillip Roberson, president and CFO, said, "Funds from this
transaction will be used to reduce outstanding bank debt.  I
believe that we are very fortunate to be able to make this
significant reduction in debt with only a minor loss in production.
Today's transaction is a large step toward regaining compliance
with the terms of our bank debt, and with the NYSE listing
requirements.  We will continue to market non-core assets to pay
down debt, while searching for new growth opportunities."

                    About Fieldpoint Petroleum

FieldPoint Petroleum Corporation acquires, operates and develops
oil and gas properties.  Its principal properties include Block
A-49, Spraberry Trend, Giddings Field, and Serbin Field, Texas;
Flying M Field, Sulimar Field, North Bilbrey Field, Lusk Field, and
Loving North Morrow Field, New Mexico; Apache Field, Chickasha
Field, and West Allen Field, Oklahoma; Longwood Field, Louisiana;
and Big Muddy Field, Wyoming.  As of Dec. 31, 2015, the Company had
varying ownership interests in 472 gross wells (113.26 net).
FieldPoint Petroleum Corporation was founded in 1980 and is based
in Austin, Texas.

Fieldpoint incurred a net loss of $2.47 million for the year ended
Dec. 31, 2016, compared to a net loss of $10.98 million for the
year ended Dec. 31, 2015.  As of March 31, 2017, Fieldpoint had
$8.59 million in total assets, $9.86 million in total liabilities
and a total stockholders' deficit of $1.27 million.

Hein & Associates LLP, in Dallas, Texas, 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, and has a working capital deficit.  This raises substantial
doubt about the Company's ability to continue as a going concern.


FIRST FLIGHT: Case Summary & 16 Unsecured Creditors
---------------------------------------------------
Debtor: First Flight Limited Partnership
          dba Topflight Airpark
        18450 Showalter Rd.
        Hagerstown, MD 21742

Type of Business: The Debtor owns two commercial buildings:
                  119,166-square-foot office facility & 761,360-
                  square foot industrial(airport/airplane hangars)
                  located at 18540 Showalter Rd. Hagerstown
                  Maryland.

Chapter 11 Petition Date: June 25, 2017

Case No.: 17-18645

Court: United States Bankruptcy Court
       District of Maryland (Greenbelt)

Judge: Hon. Thomas J. Catliota

Debtor's Counsel: Morgan William Fisher, Esq.
                  LAW OFFICES OF MORGAN FISHER, LLC
                  1125 West St., Suite 227
                  Annapolis, MD 21401
                  Tel: 410-626-6111
                  Fax: 443-782-2372
                  E-mail: mwf@morganfisherlaw.com
                          bk@morganfisherlaw.com

Total Assets: $54.52 million

Total Debts: $14.54 million

The petition was signed by Barrie Peterson, sole member and
president of Airpark Holdings, LLC, the general partner of FFLP.

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

           http://bankrupt.com/misc/mdb17-18645.pdf

Debtor's List of 16 Unsecured Creditors:



   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Allred Bacon Halfhill & Young       Legal Services       $10,859

American Express                   Revolving Credit      $15,807
                                        Card

B.P. Lesky Distributing Co                                  $124

Chase Card                         Revolving Credit      $25,522
                                         Card

City of Hagerstown                                        $3,545

Clever Carpet Cleaners                 Services          $14,476

Comptroller of Maryland                                  $12,613

Diamond Electric Underground           Services           $2,353
Repair, Inc.

Heller's Gas                                                 $33

Marble Mountain LLC                  Money Loaned       $501,000
4080 Lafayette Center Dr
Chantilly, VA 20151-1252

Miller's Supplies at Work                                   $496

Offit | Kurman                      Legal Services          $117

Potomac Edison                                            $5,636

Stinson Leonard Street LLP          Legal Services       $17,986

The Hartford Financial Services                           $1,353
Group, Inc.

U.S. Lawns                       Services Performed       $4,430


FLYING CROWN: Case Summary & 5 Unsecured Creditors
--------------------------------------------------
Debtor: Flying Crown, LLC
        10781 James Payne Court
        Manassas, VA 20110

Business Description: Located in Manassas, Virginia, Flying Crown

                      is registered as a LLC.

Chapter 11 Petition Date: June 26, 2017

Case No.: 17-12185

Court: United States Bankruptcy Court
       Eastern District of Virginia (Alexandria)

Judge: Hon. Brian F. Kenney

Debtor's Counsel: Ronald J. Aiani, Esq.
                  RONALD J. AIANI, P.C.
                  86 East Lee St.
                  Warrenton, VA 20186-3328
                  Tel: (540) 347-5295
                  E-mail: raiani@aianilaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Philip L. Rogers, manager of Apogee
Holdings, LLC, sole member of the Debtor.

The Debtor's list of five unsecured creditors is available for free
at http://bankrupt.com/misc/vaeb17-12185.pdf


FOUNDATION HEALTHCARE: July 19 PCO Appointment Hearing Set
----------------------------------------------------------
Judge Mark X. Mullin of the U.S. Bankruptcy Court for the Northern
District of Texas sets a hearing on July 19, 2017, to determine the
issue of whether or not a patient care ombudsman shall be appointed
for Foundation Healthcare Inc.

The Order to show cause regarding the appointment of a patient care
ombudsman for the Debtor is made pursuant to 11 U.S.C. Sec.
333(a)(1), where the Court shall order the appointment of a patient
care ombudsman within 30 days after the commencement of the
bankruptcy case, unless the Court finds that the appointment of
such ombudsman is not necessary for the protection of patients
under the specific facts of the case.

The Court further ordered the Debtor to furnish the following
information to the governmental regulatory authority at the time of
service of the Order:

     (a) all license numbers or other regulatory identification
numbers;

     (b) all DBAs or trade names under which the Debtor operates;
and

     (c) the location of all of the Debtor's operating facilities,
including street and P.O. Box addresses.

             About Foundation Healthcare

Oklahoma City-based Foundation Healthcare is a healthcare services
company primarily focused on owning controlling interests in
surgical hospitals and the inclusion of ancillary service lines.
The Company currently owns controlling and noncontrolling interests
in surgical hospitals located in Texas.  The Company also owns
noncontrolling interests in ambulatory surgery centers ("ASCs")
located in Texas, Oklahoma, Pennsylvania, New Jersey, Maryland and
Ohio.

Additionally, the Company provides sleep testing management
services to various rural hospitals in Iowa, Minnesota, Missouri,
Nebraska and South Dakota under management contracts with the
hospitals.  The Company provides management services to a majority
of its Affiliates under the terms of various management agreements.
Prior to Dec. 2, 2013, the Company's name was Graymark Healthcare,
Inc.

As of June 30, 2016, Foundation had $127 million in total assets,
$136 million in total liabilities, $6.96 million in preferred stock
non-controlling interest and a total deficit of $15.7 million.

Foundation Healthcare reported net income attributable to the
Company's common stock of $5.19 million on $126 million of revenues
for the year ended Dec. 31, 2015, compared to a net loss
attributable to the Company's common stock of $2.09 million on $102
million of revenues for the year ended Dec. 31, 2014.


FRANCHISE SERVICES: Voluntary Chapter 11 Case Summary
-----------------------------------------------------
Debtor: Franchise Services of North America Inc.
        1052 Highland Colony Parkway, Suite 204
        Ridgeland, MS 39157

Type of Business: FSNA -- http://www.fsna-inc.com-- is a
                  publicly traded company listed on the TSX
                  Venture Exchange.  The Company and its
                  subsidiaries own the following brands: U
                  -Save Car & Truck Rental, U-Save Car Sales,
                  Auto Rental Resource Center, Xpress Rent A Car,
                  Sonoran National Insurance Group and Peakstone
                  Financial Services.

                  U-Save, together with its subsidiary ARRC, has
                  over 650 locations throughout the United States
                  and is one of North America's largest franchise
                  car rental companies.  U-Save currently services

                  21 airport markets in 9 different states and 12
                  countries.  Although primarily based in the
                  United States, U-Save has 16 international
                  locations in Mexico, Greece, Central America
                  and the Caribbean.

                  With more than 150 years of combined insurance
                  experience, Sonoran National Insurance Group is
                  licensed in all 50 states and serves customers
                  in every part of the country.  Sonoran provides
                  an entire range of business and personal
                  insurance solutions customized to the needs
                  of its clients.

Chapter 11 Petition Date: June 26, 2017

Case No.: 17-02316

Court: United States Bankruptcy Court
       Southern District of Mississippi
       (Jackson-3 Divisional Office)

Judge: Hon. Edward Ellington

Debtor's Counsel: Stephen W. Rosenblatt, Esq.   
                  BUTLER SNOW LLP
                  P.O. Box 6010
                  Ridgeland, MS 39158-6010
                  Tel: 601-985-4504
                  Fax: 601-985-4500
                  E-mail: Steve.Rosenblatt@butlersnow.com

Estimated Assets: $10 million to $50 million

Estimated Debts: $1 million to $10 million

The petition was signed by Thomas P. McDonnell, III, chief
executive officer.

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/mssb17-02316.pdf


FREESEAS INC: Terminates RBSM LLP as Accountants
------------------------------------------------
FreeSeas Inc. provided notice to RBSM LLP, the Company's prior
independent registered public accounting firm, that the Company had
terminated its engagement with the firm.  In replacement of RBSM,
the Company has retained Fruci & Associates II, PLLC, as the
Company's independent registered public accounting firm, as
disclosed in a Form 8-K report filed with the Securities and
Exchange Commission.

                       About FreeSeas Inc.

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

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

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

RBSM LLP, in New York, issued a "going concern" qualification on
the consolidated financial statements for the year ended Dec. 31,
2015, citing that the Company has incurred recurring operating
losses and has a working capital deficiency.  In addition, the
Company has failed to meet scheduled payment obligations under its
loan facilities and has not complied with certain covenants
included in its loan agreements and is in default in other
agreements with various counter parties.  Furthermore, the vast
majority of the Company's assets are considered to be highly
illiquid and if the Company were forced to liquidate, the amount
realized by the Company could be substantially lower that the
carrying value of these assets.  These conditions, among others,
raise substantial doubt about the Company's ability to continue as
a going concern.


FULLCIRCLE REGISTRY: Carl Austin Quits as Director
--------------------------------------------------
Carl R. Austin, who has been a member of the Board of Directors of
FullCircle Registry since 2012, resigned as director on June 19,
2017, according to a Form 8-K report filed with the Securities and
Exchange Commission.  The Company plans to search for a qualified
candidate to fill the vacancy created by Mr. Austin's resignation.

                   About FullCircle Registry

Shelbyville, Kentucky-based FullCircle Registry, Inc. --
www.fullcircleregistry.co -- targets the acquisition of small
profitable businesses.  FullCircle Registry is a holding company
with three subsidiaries: FullCircle Entertainment, Inc., FullCircle
Insurance Agency, Inc. and FullCircle Prescription Services, Inc.
Target companies for future acquisition are those in search of exit
plans for the owners and are intended to continue autonomous
operations as current ownership is phased out over a period of 3-5
years.

FullCircle Registry reported a net loss of $1.073 million on $1.087
million of revenue for the year ended Dec. 31, 2016, compared with
a net loss of $695,700 on $1.142 million of revenue for the year
ended Dec. 31, 2015.

As of March 31, 2017, FullCircle had $4.51 million in total assets,
$6.80 million in total liabilities and a total stockholders'
deficit of $2.28 million.

Somerset CPAs, P.C., issued a "going concern" qualification on the
consolidated financial statements for the year ended Dec. 31, 2016.
The Company has suffered recurring losses from operations and has
a net capital deficiency that raises substantial doubt about its
ability to continue as a going concern, the auditors noted.


GATSBY'S MEN: Voluntary Chapter 11 Case Summary
-----------------------------------------------
Debtor: Gatsby's Men Wear, LLC
        12701 Hill Country Blvd
        Bee Cave, TX 78738

Business Description: Gatsby's Men Wear, a small business debtor
                      as defined in 11 U.S.C. Section 101(51D), is
                      a clothing retailer in Bee Cave, TX.

Chapter 11 Petition Date: June 26, 2017

Case No.: 17-10785

Court: United States Bankruptcy Court
       Western District of Texas (Austin)

Judge: Hon. Tony M. Davis

Debtor's Counsel: Frederick E. Walker, Esq.
                  FREDERICK E. WALKER PC
                  609 Castle Ridge Road, Suite 220
                  Austin, TX 78746
                  Tel: (512) 330-9977
                  Fax: (512) 330-1686
                  E-mail: fredwalkerlaw@yahoo.com
                          fred@fredwalkerlaw.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Larry M Claybough, president.

The Debtor did not file a list of its 20 largest unsecured
creditors on the Petition Date.

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

        http://bankrupt.com/misc/txwb17-10785.pdf


GEO COTEC: Case Summary & 11 Unsecured Creditors
------------------------------------------------
Debtor: Geo Cotec Corporation
          dba tonymoly
        37 Smith Street
        Englewood, NJ 07631

Business Description: Geo Cotec Corp --
                      https://www.geocoteccorp.com -- offers
                      retail and chain stores marketing solutions
                      and beauty trend data from South Korea to
                      maintain the domestic United States market
                      up to date on latest trends.

Chapter 11 Petition Date: June 23, 2017

Case No.: 17-22910

Court: United States Bankruptcy Court
       District of New Jersey (Newark)

Judge: Hon. John K. Sherwood

Debtor's Counsel: David Edelberg, Esq.
                  CULLEN AND DYKMAN LLP
                  433 Hackensack Avenue
                  Hackensack, NJ 07601
                  Tel: 201-488-1300
                  Fax: 201-488-6541
                  E-mail: dedelberg@cullenanddykman.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Sang Park, president.

The Debtor's list of 11 unsecured creditors is available for free
at http://bankrupt.com/misc/njb17-22910.pdf


GIGA-TRONICS INC: Appoints Regazzi and Nair as Co-CEOs
------------------------------------------------------
The Board of Directors of Giga-Tronics Incorporated has acted to
appoint John R. Regazzi and Suresh Nair as co-chief executive
officers effective June 21, 2017.

Mr. Regazzi, age 62, currently the Company's chief technology
officer, has been with the Company since 2001.  Since joining
Giga-tronics, Mr. Regazzi has held several positions including:
president and general manager, vice president of operations, vice
president of engineering and chief executive officer, a position he
held until he stepped down in August 2016 to devote more time to
the Company's Advanced Signal Generator (ASG) product line. Prior
to joining Giga-tronics, Mr. Regazzi held various positions in
design and management at Hewlett Packard and Agilent Technologies
associated with their microwave sweeper and synthesizer product
lines.  His final position at Agilent Technologies was as a senior
engineering manager.  Mr. Regazzi is known across the industry for
his RF and Microwave expertise in military and aerospace
applications.  He holds a Bachelor of Science in Electrical
Engineering from Rutgers University and a Master of Science in
Electrical Engineering from Lehigh University.

Mr. Nair, age 45, currently the Company's VP of operations joined
the Company in 2016.  From 2013 to 2016, Mr. Nair was the Sr.
Director of North American Operations for Molecular Device, a
Danaher Company.  He championed the lean conversion of the two
manufacturing facilities in Sunnyvale, California driving double
digit improvements year over year.  Over the past 20+ years Mr.
Nair took on several Leadership roles including over 14+ years at
GM including spending over 3 years in China leading the launch of
the Baojun, a GM joint venture with SGMW.  Mr. Suresh holds a
Masters in Electrical Engineering from Purdue, an MBA from Central
Michigan University, and a Bachelor of Electronics Engineering from
India.  His rate of pay will be $250,000.  Mr. Nair will be offered
an indemnification agreement similar to the form provided to other
officers of the Company.  He will have a change in control
agreement with the Company under which the benefit will be nine
months' compensation.

The Company also announced that Joey Thompson stepped down from the
role of Acting CEO role and will instead be named executive
chairman.  This change will remove Dr. Thompson from day-to-day
responsibilities within the Company.  In his new role, Dr. Thompson
is expected to continue to support the management team with the
institutional knowledge gained since last August.

The Board has also approved certain cost-control measures including
implementing a four-day work week for most employees resulting in a
temporary 20 percent pay cut to the Company's named Executive
officers.  In addition, the Board approved certain incentives
including modifications to certain severance agreements and new
restricted stock grants which cliff vests in two years, or
immediately upon a change in control. .
  
There were and are no family relationships among the Board and
officers of the Company before or after giving effect to these
changes.
  
                       About Giga-Tronics
  
Headquartered in San Ramon, California, Giga-tronics Incorporated
includes the operations of the Giga-tronics Division and
Microsource Inc. (Microsource), a wholly owned subsidiary.
Giga-tronics Division designs, manufactures and markets the new
Advanced Signal Generator (ASG) for the electronic warfare market,
and switching systems that are used in automatic testing systems
primarily in aerospace, defense and telecommunications.

Giga-Tronics reported a net loss of $1.54 million on $16.26 million
of net sales for the year ended March 25, 2017, compared to a net
loss of $4.10 million on $14.59 million of net sales for the year
ended March 26, 2016.

As of March 25, 2017, Giga-Tronics had $9.07 million in total
assets, $7.35 million in total liabilities and $1.72 million in
total shareholders' equity.


GIGA-TRONICS INC: Reports $5.2-Mil. Net Sales for Fourth Quarter
----------------------------------------------------------------
Giga-tronics Incorporated reported net sales for the fourth fiscal
quarter ended March 25, 2017, of $5.2 million, a 93% increase as
compared to $2.7 million for the fourth quarter of fiscal 2016. The
increase in fourth quarter net sales over the prior year period was
primarily due to the fulfillment of a $3.3 million order from the
United States Navy for the Company's Real-Time Threat Emulation
System, part of the Company's new Advanced Signal Generator (ASG)
product line.

Net sales for the fiscal year ended March 25, 2017, were $16.3
million, an increase of 12%, compared to $14.6 million for the
fiscal year ended March 26, 2016.  The Company's Microsource
business unit (Microsource) saw an increase of approximately $2.3
million in net sales, from $5.9 million in fiscal 2016 to $8.2
million in fiscal 2017.  The increase in net sales for Microsource
over the prior fiscal year was primarily due to an increase in YIG
RADAR filter shipments and completion of certain related
nonrecurring engineering (NRE) services.  The increase in
Microsource net sales was partially offset by a $700,000 decrease
from the Giga-tronics division, from $8.7 million in fiscal 2016 to
$8.0 million in fiscal 2017.  The decrease in net sales for the
Giga-tronics division over the prior fiscal year was primarily due
to lower legacy product sales mainly due to recent product line
divestitures.  The decrease in legacy product sales were partially
offset by an increase in ASG product shipments.  In fiscal 2017,
the Company recorded $5.2 million of sales associated with the ASG
product compared to $1.8 million recorded in fiscal 2016.

Net loss for the fourth quarter of fiscal 2017 was $473,000, or
$0.05 per fully diluted common share.  This compares to a net loss
for the fourth quarter of fiscal 2016 of $1.6 million, or $0.18 per
fully diluted common share.  Net loss for the fiscal year ended
March 25, 2017 was $1.5 million, or $0.16 per fully diluted common
share.  This compares to a net loss of $4.1 million, or $0.59 per
fully diluted common share for the fiscal year ended March 26,
2016.  The reduction in net loss for the fourth quarter of fiscal
2017 compared to the fourth quarter of fiscal 2016 was primarily
due to the higher net sales reported for the quarter. The lower net
loss during the fiscal year ended March 25, 2017 compared to the
prior fiscal year was primarily due to lower operating expenses
including lower personnel related costs due to the divestiture of
the switch and legacy product lines, a reduction in non-cash stock
based compensation and a $802,000 gain associated with the sale of
the switch product line during the first quarter of fiscal 2017.

Non-GAAP net loss for the fourth quarter of fiscal 2017 was
$400,000, or $0.04 per fully diluted common share, compared to a
non-GAAP net loss for the fourth quarter of fiscal 2016 of $1.4
million, or $0.16 per fully diluted common share.  Non-GAAP net
loss for the fiscal year ended March 25, 2017 was $1.4 million, or
$0.14 per fully diluted common share, compared to a non-GAAP net
loss for the fiscal year ended March 26, 2016, of $3.0 million, or
$0.43 per fully diluted common share.  Non-GAAP net loss excludes
non-cash expenses associated with the derivative revaluation and
discount accretion of debt and warrant agreements as well as
stock-based compensation.

William J. Thompson, the Company's Acting CEO, stated, "We had
excellent year-over-year revenue growth for our ASG product, driven
by the first shipments of our new product line to the US Navy.  We
are expecting to approximately double our ASG product line revenue
in FY18, and we are hopeful that the Navy will be a substantial
source of that revenue growth. However, despite our optimism for
our ASG products, we acknowledge that recent bookings have been
disappointing, with no ASG-related bookings to date in calendar
2017.  The ASG product line had an average selling price (ASP) of
approximately $1M in FY17, which is significantly higher than
historical ASPs from our legacy products.  We believe that this
increased ASP can to lead to significant differences in ASG
bookings from one quarter to the next along with longer sales
cycles."

The Company exited the fourth quarter with $11.4 million in total
backlog.  However, variable quarter-to-quarter bookings for the ASG
product along with timing of expected large YIG filter contracts
will result in lower net sales for the current quarter compared to
the fourth quarter of fiscal 2017.  The Company anticipates its net
sales for the first quarter of fiscal 2018 which ends June 24, 2017
to be in the range of $1.3 million to $1.7 million, depending on
timing of shipments.

In response to the absence of ASG orders thus far in 2017, which is
expected to be short-term, Dr. Thompson stated, "As we continue to
pursue opportunities to grow our new product revenue, we have made
substantial strides in cutting costs to bring our expenses more
in-line with the revenues that we believe are achievable in the
near-term.

"Some of our recent expense cuts represent long-term changes,
notably our first quarter FY18 move to a new facility in Dublin,
California which is roughly half the size of the prior outdated San
Ramon facility.  During the first quarter, we also transitioned to
an outsourced payroll, benefits, and HR provider which is expected
to further reduce our costs.  We also recently implemented a
temporary four day work week for the summer months to further
conserve our cash as we await specific anticipated large orders for
the ASG product line and additional contracts for YIG filter
products destined for fourth generation U.S.-designed fighter
aircraft."

The Company also announced certain changes within its executive
leadership team, effective June 20, 2017.  For personal reasons,
Joey Thompson is stepping down from the Acting CEO role and will
instead be named executive chairman.  This change will remove Dr.
Thompson from day-to-day responsibilities within the Company.  In
his new role, he is expected to continue to support the management
team with the institutional knowledge gained since last August.

The Company further announced that John Regazzi and Suresh Nair
will be named co-chief executive officers.  Mr. Regazzi will
primarily focus on product development and strategic marketing
issues. Mr. Nair, who was the Company's vice president of
Operations until accepting this new role, will primarily focus on
operational issues and driving the metrics necessary to achieve
profitability.  Dr. Thompson said, "When I accepted the role of
Acting CEO, it was expected to be a temporary position to allow
John to focus on technical issues associated with the ASG product
platform.  John and Suresh make a great team.  While it is uncommon
to have Co-CEOs, the Board of Directors felt that their
complementary skills provide an excellent solution to leading the
Company forward."

Suresh Nair was quoted as saying, "These are challenging but
exciting times for us. We have built a solid team over the past
year and now have good visibility on the runway ahead of us.  We
have executed significant process changes over the past year which
have translated into positive improvements to our metrics for FY17.
We believe this should be reflected in an improved bottom line for
FY18.  I appreciate Dr. Thompson's and the Board of Directors
confidence in me, and I look forward to working with John in
leading Giga-tronics on its new journey."

John Regazzi agreed, saying, "I very much appreciate Dr. Thompson's
leadership of the Company this past year, which has allowed me to
focus on completing the open technical issues associated with the
ASG product and to be involved with the Company's strategic
marketing efforts.  Mr. Regazzi concluded, "I look forward to
working with Suresh in leading Giga-tronics back to
profitability."

Finally, in light of the longer than anticipated procurement cycle
for the ASG product, the Company’s Board of Directors is in the
process of reviewing strategic alternatives in an attempt to
enhance shareholder value, including a possible sale, merger,
spin-off or other separation of a selected business or other form
of business combination or strategic transaction.  James Kochman,
managing director of Alliant Partners, LLC, is serving as the
Company's financial advisor in connection with this review.

The Company's Board of Directors has not yet set a timetable for
the strategic review process.  Further, the Board of Directors has
not made a decision to pursue any particular transaction.  There
can be no assurance that the process will result in the
consummation of any transaction or, if a transaction is undertaken,
as to its terms, structure or timing.  The Company does not intend
to disclose or comment on further developments regarding the review
of strategic alternatives unless and until the Board of Directors
approves a specific action or otherwise concludes its review.

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

                      https://is.gd/MqUyvR

                       About Giga-Tronics

Headquartered in San Ramon, California, Giga-tronics Incorporated
includes the operations of the Giga-tronics Division and
Microsource Inc. (Microsource), a wholly owned subsidiary.
Giga-tronics Division designs, manufactures and markets the new
Advanced Signal Generator (ASG) for the electronic warfare market,
and switching systems that are used in automatic testing systems
primarily in aerospace, defense and telecommunications.

The Company has experienced delays in the development of features,
orders, and shipments for the new ASG.  These delays have
significantly contributed to a decrease in working capital from
$1.8 million on March 26, 2016, to $620,000 on March 25, 2017.  The
new ASG product has now shipped to several customers, but potential
delays in the refinement of features, longer than anticipated sales
cycles, or the ability to efficiently manufacture the ASG, could
significantly contribute to additional future losses and decreases
in working capital.

To help fund operations, the Company relies on advances under the
line of credit with Bridge Bank.  The line of credit which expired
on May 7, 2017, was renewed through May 6, 2019.  The agreement
includes a subjective acceleration clause, which allows for amounts
due under the facility to become immediately due in the event of a
material adverse change in the Company's business condition
(financial or otherwise), operations, properties or prospects, or
ability to repay the credit based on the lender’s judgement.  As
of March 25, 2017, the line of credit had a balance of $582,000,
and additional borrowing capacity of $234,000, respectively.

The Company said these matters raise substantial doubt as to its
ability to continue as a going concern.

"Management will continue to review all aspects of the business in
an effort to improve cash flow and reduce costs and expenses, while
continuing to invest, to the extent possible, in new product
development for future revenue streams.

"Management will also continue to seek additional working capital
through debt, equity financing or possible product line sales,
however there are no assurances that such financings or sales will
be available at all, or on terms acceptable to the Company.

"The Company's historical operating results and forecasting
uncertainties indicate that substantial doubt exists related to the
Company's ability to continue as a going concern.  Forecasting
uncertainties exist with respect to the ASG product line due to the
potential longer than anticipated sales cycles as well as with
potential delays in the refinement of certain features, and/or the
Company's ability to efficiently manufacture it in a timely
manner," as disclosed in the annual report for the year ended March
25, 2017.


GRISHAM FARM: Trustee Files Revised Bid to Hire Stinson Leonard
----------------------------------------------------------------
Norman Rouse, the Chapter 11 trustee for Grisham Farm Products Inc.
and Grisham Farms Transportation LLC, has filed an amended
application seeking court approval to hire Stinson Leonard Street
LLP as his legal counsel.

Stinson will represent the trustee in the Debtors' jointly
administered Chapter 11 cases.

The hourly rates charged by the firm range from $200 to $595 for
attorneys, and from $175 to $250 per hour for paraprofessionals.

In its prior application, the Trustee said Stinson Leonard will be
paid at these hourly rates:

     Attorney                        $175-$250
     Paralegal                       $175-$250

The Stinson attorneys expected to have primary responsibility for
representing the Debtors and their hourly rates are:

     Paul Hoffmann, Partner                 $595
     Nicholas Zluticky, Partner             $325
     Associates                      $230 - $280

                  About Grisham Farm Products

Grisham Farm Products, Inc. sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. W.D. Mo. Case No. 16-61149) on Nov. 16,
2016.  An affiliate Grisham Farms Transportation, LLC filed a
Chapter 11 petition (Bankr. W.D. Mo. Case No. 16-61263) on Dec. 19,
2016.

Lexie Grisham, GFP director and GFT member, signed the petitions.

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

Jonathan A. Margolies, Esq., at McDowell, Rice, Smith & Buchanan,
PC, had served as the Debtors' bankruptcy counsel.

On May 16, 2017, the Office of the U.S. Trustee appointed Norman E.
Rouse as Chapter 11 trustee.  The court approved the appointment on
May 31, 2017.  The Chapter 11 trustee tapped his own firm, Collins,
Webster & Rouse, P.C., as counsel; Stinson Leonard Street LLP as
counsel; Hardy, Wrestler & Associates CPA's PC as accountant; and
GlassRatner Advisory & Capital Group, LLC as financial advisor.

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 Grisham Farms Transportation,
LLC.


HAMKEI GENERATION: Case Summary & 5 Unsecured Creditors
-------------------------------------------------------
Debtor: Hamkei Generation, Inc.
           dba Marathon 505
           fdba Shell Food Mart #2
        109 Hunters Ridge
        Lagrange, GA 30240

Business Description: Hamkei Generation is a small business debtor
                      as defined in 11 U.S.C. Section 101(51D)
                      engaged in the retail-convenience stores
                      business.

Chapter 11 Petition Date: June 26, 2017

Case No.: 17-11361

Court: United States Bankruptcy Court
       Northern District of Georgia (Newnan)

Judge: Hon. Homer W. Drake

Debtor's Counsel: Leslie M. Pineyro, Esq.
                  JONES & WALDEN, LLC
                  21 Eighth Street, NE
                  Atlanta, GA 30309
                  Tel: (404) 564-9300
                  Fax: 404-564-9301
                  E-mail: lpineyro@joneswalden.com
                          info@joneswalden.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Kennin Sato, CEO and president.

The Debtor's list of five unsecured creditors is available for free
at http://bankrupt.com/misc/ganb17-11361.pdf


HEXION INC: Craig Rogerson Elected Chairman, CEO and President
--------------------------------------------------------------
Hexion Inc. announced the planned retirement of Craig O. Morrison,
chairman, president and chief executive officer of Hexion Inc.
after more than 12 years of service and a distinguished career in
the chemical and industrial industries.

Craig A. Rogerson has been elected chairman, president and chief
executive officer of Hexion Inc. effective July 10, 2017.  Mr.
Rogerson is the former chairman, president and chief executive
officer of Chemtura Corporation, a position he held from December
2008 until April 21, 2017.  Prior to Chemtura, Mr. Rogerson had a
27 year career at Hercules Incorporated serving in various senior
management roles including chief executive officer and president
from December 2003 until November 2008.  Mr. Rogerson serves on the
boards of PPL Corporation, the American Chemistry Council, the
Society of Chemical Industry, and the Pancreatic Cancer Action
Network. Mr. Rogerson holds a chemical engineering degree from
Michigan State University and also serves on the advisory board of
the MSU Chemical Engineering & Materials Science College.

"We would like to thank Craig Morrison for his leadership,
dedication and service to Hexion since its formation in 2005. Craig
has built a leading global specialty chemical company and
world-class management team and we wish him well in his
retirement," said Scott Kleinman, lead partner, Apollo Global
Management.  "In addition, we would also like to welcome Craig
Rogerson to Hexion and believe he is uniquely qualified to serve as
Chairman, President and Chief Executive Officer.  Craig Rogerson is
an outstanding leader with deep operating expertise and proven
track record of successfully managing complex, global business
portfolios."

Mr. Morrison added: "I am pleased and grateful for my time at
Hexion and the opportunity to build a leading global specialty
chemicals company.  Hexion is well-positioned for continued success
and growth, and I am confident that Craig is the right person to
lead Hexion into the future."

"I am excited and honored to have been selected to lead Hexion,"
said Mr. Rogerson.  "I look forward to working with the dedicated
team to drive growth and product innovation in close partnership
with our valued customers and continuing to strategically optimize
Hexion's cost structure and business portfolio."

In connection with Mr. Morrison's retirement, the Company entered
into a separation agreement with Mr. Morrison on June 12, 2017. Mr.
Morrison will, among other things, be entitled to the following
payments and benefits, subject to his non-revocation of, and
continued compliance with, the Separation Agreement: (i) continued
payment of his annual salary until July 9, 2017, (ii) payment under
the Parent's incentive bonus plan for 2017 (as if he had been
employed through the Company's regular bonus payment date in 2018),
(iii) payment of his target award under the Parent's long term-cash
incentive plan (as if he had been employed through the July 2018
payment date), (iv) payment of his vested accrued benefits under
the supplemental executive retirement plan, and (v) distribution of
his accrued benefits under the Company's deferred compensation
plan.  In addition, Mr. Morrison remains eligible for continued
vesting of certain equity awards previously granted to him, as well
as an extended period for exercising his options.  The Separation
Agreement also provides for Mr. Morrison's release of all
employment related claims, and he remains subject to continued
obligations to comply with the restrictive covenants set forth in
his employment agreement.

In connection with Mr. Rogerson's appointment, on June 12, 2017,
the Company and the Parent entered into an Employment Agreement
with Mr. Rogerson.  Pursuant to the terms of the Employment
Agreement, Mr. Rogerson will serve as chief executive officer of
the Company and as a member, and the Chairman, of the Board and of
the board of managers of the Parent from July 10, 2017, through
Dec. 31, 2020, unless terminated earlier in accordance with the
terms of the Employment Agreement.  Mr. Rogerson will be entitled
to receive a base salary at an annual rate of $1,000,000 and will
be eligible to receive an annual cash bonus with a target amount
equal to 100% of his base salary, based on Mr. Rogerson's and/or
the Company's attainment of certain criteria as determined by the
Board.  The Company will also cover certain commuting and
relocation costs.

                          About Hexion
  
Based in Columbus, Ohio, Hexion Inc. (formerly known as Momentive
Specialty Chemicals, Inc.) is a global leader in thermoset resins.
H exion Inc. serves the global wood and industrial markets through
a broad range of thermoset technologies, specialty products and
technical support for customers in a diverse range of applications
and industries. Hexion Inc. is controlled by investment funds
affiliated with Apollo Global Management, LLC.  Additional
information about Hexion Inc. and its products is available at
www.hexion.com.

Hexion reported a net loss of $38 million on $3.43 billion of net
sales for the year ended Dec. 31, 2016, compared to a net loss of
$39 million on $4.14 billion of net sales for the year ended Dec.
31, 2015.  As of March 31, 2017, Hexion had $2.12 billion in total
assets, $4.69 billion in total liabilities, and a $2.57 billion
total deficit.

                       *     *     *

As reported by the TCR on Feb. 24, 2017, S&P Global Ratings
affirmed its 'CCC+' corporate credit rating on Ohio-based Hexion
Inc. and revised the rating outlook to stable from negative.   "The
outlook revision to stable reflects our belief that some of
the company's liquidity pressures have been temporarily reduced as
a result of its recent capital market activity," said S&P Global
Ratings credit analyst Allison Schroeder.

The TCR reported on Jan. 24, 2017, that Moody's Investors Service
lowered the Corporate Family Rating (CFR) of Hexion Inc. to
'Caa2' from 'Caa1'.  Hexion's 'Caa2' CFR reflects its elevated
leverage of over 9 times, weak cash flow from operations and
negative free cash flow.


HI-LO FARMS: Voluntary Chapter 11 Case Summary
----------------------------------------------
Debtor: Hi-Lo Farms, Inc.
        12190 Lake Forest Dr.
        Gulfport, MS 39503

Case No.: 17-51239

Business Description: Hi-Lo Farms is a privately-held company in
                      Gulfport, Mississippi, engaged in farming.

Chapter 11 Petition Date: June 23, 2017

Court: United States Bankruptcy Court
       Southern District of Mississippi
       (Gulfport-6 Divisional Office)

Judge: Hon. Katharine M. Samson

Debtor's Counsel: Patrick A. Sheehan, Esq.
                  SHEEHAN LAW FIRM
                  429 Porter Avenue
                  Ocean Springs, MS 39564-3715
                  Tel: 228-875-0572
                  Fax: 228-875-0895
                  E-mail: pat@sheehanlawfirm.com
                          mike@sheehanlawfirm.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Martha L. Cole, president.

The Debtor has no unsecured creditors.

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

        http://bankrupt.com/misc/mssb17-51239.pdf


HUNTWICKE CAPITAL: MFA Replaced Liggett & Webb as Accountants
-------------------------------------------------------------
The sole member of the Board of Directors of Huntwicke Capital
Group Inc. dismissed Liggett & Webb, P.A., effective June 21, 2017,
as the Company's independent registered public accounting firm,
according to a regulatory filing with the Securities and Exchange
Commission.

The Company said that during the fiscal year ended April 30, 2016,
and through June 21, 2017, there were (i) no disagreements between
the Company and Liggett on any matter of accounting principles or
practices, financial statement disclosure, or auditing scope or
procedure, which disagreements, if not resolved to the satisfaction
of Liggett, would have caused Liggett to make reference to the
subject matter of such disagreements in its reports on the
consolidated financial statements for such years, and (ii) no
"reportable events" (as that term is defined in Item 304(a)(1)(v)
of Regulation S-K).

Liggett did not conduct an audit of the Company's financial
statements for the year ended April 30, 2015, and did not conduct
an audit of the Company's financial statements for the year ended
April 30, 2017.

Liggett's audit report on the consolidated financial statements of
the Company for the fiscal year ended April 30, 2016, did not
contain any adverse opinion or disclaimer of opinion, and were not
qualified or modified as to uncertainty, audit scope or accounting
principles other than the substantial doubt that the Company would
continue as a going concern.

On June 21, 2017, the Board engaged Moody, Famiglietti & Andronico,
LLP as the Company's new independent registered public accounting
firm.  During the fiscal years ended April 30, 2016, and 2017 and
in the subsequent interim period, neither the Company nor anyone
acting on its behalf consulted MFA.

                   About Huntwicke Capital

Huntwicke Capital Group Inc., formerly known as Magnolia Lane
Income Fund, was incorporated in the state of Delaware on May 12,
2009.  The Company was formed to commence business as a stock agent
in the wool trade.

On May 13, 2013, the Company entered into a stock purchase
agreement with Ian Raleigh and Michael Raleigh and Magnolia Lane
Financial, Inc., whereby the Purchaser purchased from the Sellers,
10,000,000 shares of common stock, par value $0.0001 per share, of
the Company, representing approximately 69.57% of the issued and
outstanding shares of the Company.  As a result, the Purchaser
became the majority shareholder of the Company.

Magnolia Lane reported a net loss of $197,969 for the year ended
April 30, 2016, compared to a net loss of $187,294 for the year
ended April 31, 2015.

Liggett & Webb, P.A., in Boynton Beach, Florida, issued a "going
concern" qualification on the consolidated financial statements for
the year ended April 30, 2016, citing that the Company has used
cash in operations of $22,835 and an accumulated deficit of
$707,094 at April 30, 2016.  These matters raise substantial doubt
about the Company's ability to continue as a going concern.


IGNITE RESTAURANT: Suspending Filing of Reports with SEC
--------------------------------------------------------
Ignite Restaurant Group, Inc., filed a Form 15 with the Securities
and Exchange Commission notifying the termination of registration
of its common stock, $0.01 par value, under Section 12(g) of the
Securities Exchange Act of 1934.  As a result of the Form 15
filing, the Company is no longer obligated to file periodic reports
with the SEC.  As of June 22, 2017, there were 132 holders of
record of the Company's common shares.

                      About Ignite Restaurant

Ignite Restaurant Group, Inc., et al., operate two well-known
restaurant brands, Joe's Crab Shack and Brick House Tavern + Tap
that offer a variety of high-quality food and beverages in a
distinctive, casual, high-energy atmosphere.  They operate 130+
restaurants and have three international franchise locations, and
employ about 8,400 employees.

On June 6, 2017, Ignite Restaurant Group and its affiliates filed
for bankruptcy in Texas (Bankr. S.D. Tex. Lead Case No. 17-33550).
The petitions were signed by Jonathan Tibus, chief executive
officer.

Ignite Restaurant Group and its affiliated debtors sought
bankruptcy protection to facilitate a sale of its business to a
private equity firm for $50 million in cash plus the assumption of
certain liabilities.

As of April 30, 2017, the Debtors reported $153.4 million in total
assets and $197.4 million in total liabilities.

The Hon. David R. Jones presides over the Debtors' cases.   

The Debtors have employed King & Spalding LLP as legal counsel;
Jonathan Tibus, managing director at Alvarez & Marsal North
America, as their chief executive officer; Piper Jaffray & Co. as
investment banker; Hilco Real Estate, LLC as real estate advisor;
and Garden City Group as their claims and noticing agent.


IHEARTCOMMUNICATIONS INC: Extends Notes Private Offers Expiration
-----------------------------------------------------------------
iHeartCommunications, Inc., announced that it is extending the
private offers to holders of certain series of
iHeartCommunications' outstanding debt securities to exchange the
Existing Notes for new securities of iHeartMedia, Inc., CC Outdoor
Holdings, Inc. and iHeartCommunications, and the related
solicitation of consents from holders of Existing Notes to certain
amendments to the indentures and security documents governing the
Existing Notes.

The Exchange Offers and Consent Solicitations were previously
scheduled to expire on June 23, 2017, at 5:00 p.m., New York City
time, and will now expire on July 7, 2017, at 5:00 p.m., New York
City time.  The deadline to withdraw tendered Existing Notes in the
Exchange Offers and revoke consents in the Consent Solicitations
has also been extended to 5:00 p.m., New York City time, on July 7,
2017.  iHeartCommunications is extending the Exchange Offers and
Consent Solicitations to continue discussions with holders of
Existing Notes regarding the terms of the Exchange Offers and to
continue discussions with lenders under its Term Loan D and Term
Loan E facilities in connection with the concurrent private offers
made to such lenders, which iHeartCommunications announced today
will now expire at 5:00 p.m., New York City time, on July 7, 2017.

As of 5:00 p.m., New York City time, on June 21, 2017, an aggregate
amount of approximately $45.4 million of Existing Notes,
representing approximately 0.6% of outstanding Existing Notes, had
been tendered into the Exchange Offers.

The terms of the Exchange Offers and Consent Solicitations have not
been amended and remain the same as set forth in the Amended and
Restated Offering Circular and Consent Solicitation Statement,
dated April 14, 2017, as supplemented by Supplement No. 1.

The Exchange Offers and Consent Solicitations, which are only
available to holders of Existing Notes, are being made pursuant to
the Offering Circular, and are exempt from registration under the
Securities Act of 1933.  The New Securities, including the new debt
of iHeartCommunications and related guarantees, will be offered
only in reliance on exemptions from registration under the
Securities Act.  The New Securities have not been registered under
the Securities Act, or the securities laws of any state or other
jurisdiction, and may not be offered or sold in the United States
without registration or an applicable exemption from the Securities
Act and applicable state securities or blue sky laws and foreign
securities laws.

Documents relating to the Exchange Offers and Consent Solicitations
will only be distributed to holders of the Existing Notes that
complete and return a letter of eligibility.  Holders of Existing
Notes that desire a copy of the letter of eligibility must contact
Global Bondholder Services Corporation, the exchange agent and
information agent for the Exchange Offers and Consent
Solicitations, by calling toll-free (866) 470-3700 or at (212)
430-3774 (banks and brokerage firms) or visit the following website
to complete and deliver the letter of eligibility in electronic
form: http://gbsc-usa.com/eligibility/ihc-bondoffers.

                    About iHeartCommunications

iHeartCommunications, Inc., formerly known as Clear Channel
Communications, Inc., is a global media and entertainment company.
The Company specializes in radio, digital, outdoor, mobile, social,
live events, on-demand entertainment and information services for
local communities, and uses its unparalleled national reach to
target both nationally and locally on behalf of its advertising
partners.  The Company is dedicated to using the latest technology
solutions to transform the company's products and services for the
benefit of its consumers, communities, partners and advertisers,
and its outdoor business reaches over 40 countries across five
continents, connecting people to brands using innovative new
technology.

iHeartCommunications reported a net loss attributable to the
Company of $296.31 million on $6.27 billion of revenue for the year
ended Dec. 31, 2016, compared to a net loss attributable to the
Company of $754.62 million on $6.24 billion of revenue for the year
ended Dec. 31, 2015.  

As of March 31, 2017, iHeartCommunications had $12.27 billion in
total assets, $23.56 billion in total liabilities and a total
stockholders' deficit of $11.29 billion.

                           *    *    *

In March 2017, Fitch Ratings downgraded iHeartCommunications,
Inc.'s Long-Term Issuer Default Rating (IDR) to 'C' from 'CC'.  The
downgrades reflect iHeart's announcement on March 15, 2017, that
the company has commenced a global restructuring effort targeting
approximately $14.6 billion in debt including all of the
outstanding Term Loans and PGNs as well as the senior notes due
2021.

In March 2017, S&P Global Ratings lowered its corporate credit
rating on Texas-based media company iHeartMedia Inc. and its
subsidiary iHeartCommunications Inc. to 'CC' from 'CCC'.  The
rating outlook is negative.  The downgrade follows
iHeartCommunications' announcement that it has offered to exchange
five series of priority-guarantee notes, its senior notes due 2021,
and its term loan D and E for longer-dated debt; and, in certain
scenarios, stock and warrants, or contingent value rights.

"Under all but one scenario, there would be a reduction in the
principal amount of debt outstanding and an extension of the debt
maturity by two years for exchanged debt," said S&P Global Ratings'
credit analyst Jeanne Shoesmith.  "The company's debt is trading at
significant discounts to par of 20%-60%, and we believe its capital
structure is unsustainable."


IHEARTCOMMUNICATIONS INC: Extends Private Term Loan Offers
----------------------------------------------------------
iHeartCommunications, Inc., is extending the deadline for
participation in the private offers to lenders under its Term Loan
D and Term Loan E facilities to amend the Existing Term Loans.  The
Term Loan Offers have been extended to 5:00 p.m., New York City
time, on July 7, 2017.  iHeartCommunications is extending the Term
Loan Offers to continue discussions with lenders regarding the
terms of the Term Loan Offers.

The terms of the Term Loan Offers have not been amended and remain
the same as set forth in the Confidential Information Memorandum,
dated March 15, 2017, as supplemented by Supplements No. 1 through
No. 5.

The Term Loan Offers, which are only available to holders of
Existing Term Loans, are being made pursuant to the Confidential
Information Memorandum, and are exempt from registration under the
Securities Act of 1933.  The new securities of iHeartMedia, Inc.,
CC Outdoor Holdings, Inc., Broader Media, LLC and/or
iHeartCommunications being offered in the Term Loan Offers are
offered only in reliance on exemptions from registration under the
Securities Act.  The New Securities have not been registered under
the Securities Act, or the securities laws of any state or other
jurisdiction, and may not be offered or sold in the United States
without registration or an applicable exemption from the Securities
Act and applicable state securities or blue sky laws and foreign
securities laws.

Documents relating to the Term Loan Offers will only be distributed
to holders of Existing Term Loans that complete and return a letter
of eligibility.  Holders of Existing Term Loans that desire a copy
of the letter of eligibility must contact Global Bondholder
Services Corporation, the tabulation agent and information agent
for the Offers, by calling toll-free (866) 470-3700 or at (212)
430-3774 (banks and brokerage firms) or visit the following website
to complete and deliver the letter of eligibility in electronic
form: http://gbsc-usa.com/eligibility/ihc-termloanoffers.

                    About iHeartCommunications

iHeartCommunications, Inc., formerly known as Clear Channel
Communications, Inc., is a global media and entertainment company.
The Company specializes in radio, digital, outdoor, mobile, social,
live events, on-demand entertainment and information services for
local communities, and uses its unparalleled national reach to
target both nationally and locally on behalf of its advertising
partners.  The Company is dedicated to using the latest technology
solutions to transform the company's products and services for the
benefit of its consumers, communities, partners and advertisers,
and its outdoor business reaches over 40 countries across five
continents, connecting people to brands using innovative new
technology.

iHeartCommunications reported a net loss attributable to the
Company of $296.31 million on $6.27 billion of revenue for the year
ended Dec. 31, 2016, compared to a net loss attributable to the
Company of $754.62 million on $6.24 billion of revenue for the year
ended Dec. 31, 2015.  

As of March 31, 2017, iHeartCommunications had $12.27 billion in
total assets, $23.56 billion in total liabilities and a total
stockholders' deficit of $11.29 billion.

                           *    *    *

In March 2017, Fitch Ratings downgraded iHeartCommunications,
Inc.'s Long-Term Issuer Default Rating (IDR) to 'C' from 'CC'.  The
downgrades reflect iHeart's announcement on March 15, 2017, that
the company has commenced a global restructuring effort targeting
approximately $14.6 billion in debt including all of the
outstanding Term Loans and PGNs as well as the senior notes due
2021.

In March 2017, S&P Global Ratings lowered its corporate credit
rating on Texas-based media company iHeartMedia Inc. and its
subsidiary iHeartCommunications Inc. to 'CC' from 'CCC'.  The
rating outlook is negative.  The downgrade follows
iHeartCommunications' announcement that it has offered to exchange
five series of priority-guarantee notes, its senior notes due 2021,
and its term loan D and E for longer-dated debt; and, in certain
scenarios, stock and warrants, or contingent value rights.

"Under all but one scenario, there would be a reduction in the
principal amount of debt outstanding and an extension of the debt
maturity by two years for exchanged debt," said S&P Global Ratings'
credit analyst Jeanne Shoesmith.  "The company's debt is trading at
significant discounts to par of 20%-60%, and we believe its capital
structure is unsustainable."


IMMUCOR INC: Expects to Report Up to $385M Revenue in Fiscal 2017
-----------------------------------------------------------------
Immucor, Inc. provided an update on its preliminary, unaudited full
fiscal year 2017 financial results.  The Company is currently in
the process of finalizing its financial results for the fiscal year
ended May 31, 2017.

The Company expects revenue will be in the range of $382.7 million
to $384.7 million and adjusted EBITDA, excluding Sentilus Holdco
LLC, (which was spun-out from Immucor in February 2016), will be in
the range of $131.6 million to $132.6 million.  As previously
disclosed, the Company announced on April 19, 2017, a cost savings
initiative that is expected to generate approximately $15 million
in annual cost savings.  Additionally, the Company completed the
closure of its Stamford, Connecticut manufacturing site in May
2017, which is expected to generate an additional $3.2 million of
cost savings in fiscal year 2018.

The Company has provided a range for the preliminary results for
the fiscal year ended May 31, 2017, because the Company's financial
closing procedures for the month and fiscal quarter ended May 31,
2017, are not yet complete.  The ranges provided for certain
financial measurements are based on estimates derived from the
amount of work completed to date on the quarterly closing process,
revenue and expense forecasts that have been made by management
during the month of May and from monitoring key operating
performance metrics throughout the month of May.  As a result,
there is a possibility that final results will vary from these
preliminary estimates.  The Company currently expects that its
final results will be within the ranges described above.  It is
possible, however, that the final results will not be within the
ranges the Company currently estimates.  The Company expects to
complete its closing procedures for the fiscal quarter ended May
31, 2017 in August 2017.

These preliminary financial results have been prepared by, and are
the responsibility of, management.  The Company's independent
registered public accountants, Grant Thornton LLP, has not audited,
reviewed, compiled or performed any procedures with respect to the
accompanying preliminary financial results. Accordingly, Grant
Thornton LLP does not express an opinion or any other form of
assurance on these preliminary financial results.

                       About Immucor

Founded in 1982, Immucor is engaged in the business of transfusion
and transplantation diagnostics that facilitate patient-donor
compatibility.  The Company's mission is to ensure that patients in
need of blood, organs or stem cells get the right match that is
safe, accessible and affordable.  For more information on Immucor,
visit www.immucor.com.

Immucor reported a net loss of $43.8 million on $380 million of net
sales for the year ended May 31, 2016, compared to a net loss of
$60.7 million on $389 million of net sales for the year ended May
31, 2015.  As of Feb. 28, 2017, Immucor had $1.66 billion in total
assets, $1.35 billion in total liabilities and $310.42 million in
total equity.

                        *    *    *

As reported by the TCR on June 22, 2017, S&P Global Ratings said it
affirmed its 'CCC+' corporate credit rating on Immucor Inc. and
revised the outlook to developing from negative.  "The rating
affirmation reflects our view that, although the company addressed
the upcoming maturities and we expect a gradual improvement
resulting from the recently announced cost-cutting initiative,
Immucor's credit measures will remain relatively weak in 2018 with
leverage around 9x and funds from operations (FFO) to debt in the
low single digits," said S&P Global Ratings credit rating analyst
Maryna Kandrukhin.  It also reflects Immucor's lack of a proven
track record of sustained operating improvement.

Moody's Investors Service upgraded Immucor, Inc. Corporate Family
Rating (CFR) to B3 from Caa1 and Probability of Default rating to
B3-PD from Caa1-PD, according to the TCR report dated June 23,
2017.  The B3 Corporate Family Rating reflects Immucor's very high
financial leverage and modest free cash flow relative to debt.
Moody's estimates the company's pro forma adjusted debt to EBITDA
of approximately 7.6 times will gradually decline toward 7.0 times
over the next 12 to 18 months.

As reported by the TCR on June 23, 2016, S&P Global Ratings lowered
its corporate credit rating on Immucor Inc. to 'CCC+' from 'B'.
The outlook is stable.  "The rating downgrade follows Immucor's
continued operating underperformance over the past three quarters,
with an especially pronounced decline in the third quarter of
fiscal 2016," said S&P Global Ratings credit analyst Maryna
Kandrukhin.


INTERPACE DIAGNOSTICS: Armistice Has 4.99% Stake as of June 16
--------------------------------------------------------------
In a Schedule 13G filed with the Securities and Exchange
Commission, Armistice Capital, LLC, Armistice Capital Master Fund
Ltd. and Steven Boyd disclosed that as of June 16, 2017, they
beneficially own 965,784 shares of common stock, $0.01 par value
per share, of Interpace Diagnostics Group, Inc., representing
4.99 percent of the shares outstanding.  A full-text copy of the
regulatory filing is available for free at https://is.gd/R5xHpw

                 About Interpace Diagnostics

Headquartered in Parsippany, New Jersey, Interpace Diagnostics
Group, Inc., is focused on developing and commercializing
molecular diagnostic tests principally focused on early detection
of high potential progressors to cancer and leveraging the latest
technology and personalized medicine for patient diagnosis and
management.  The Company currently has four commercialized
molecular tests: PancraGen, a pancreatic cyst molecular test that
can aid in pancreatic cyst diagnosis and pancreatic cancer risk
assessment utilizing the Company's proprietary PathFinder platform;
ThyGenX, which assesses thyroid nodules for risk of
malignancy, ThyraMIR, which assesses thyroid nodules risk of
malignancy utilizing a proprietary gene expression assay.

Interpace reported a net loss of $8.33 million on $13.08 million of
net revenue for the year ended Dec. 31, 2016, compared with a net
loss of $11.35 million on $9.43 million of net revenue for the year
ended Dec. 31, 2015.  As of March 31, 2017, the Company had $46.97
million in total assets, $22.40 million in total liabilities and
$24.56 million in total stockholders' equity.

BDO USA, LLP, in Woodbridge, New Jersey, 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 continuing operations that raise substantial doubt
about its ability to continue as a going concern.


ITUS CORPORATION: CEO Hikes Ownership to 5.26% as of June 2
-----------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, Robert A. Berman, president, chief executive officer
and director of ITUS Corporation, disclosed that as of June 2,
2017, he beneficially owns 835,997 shares of common stock of ITUS
Corporation representing 5.26 percent of the shares outstanding.

On June 2, 2017, Mr. Berman purchased, in an open market
transaction with personal funds, 10,000 shares of Common Stock. The
purchase of these shares, aggregated with the Reporting Person's
purchase of additional shares of Common Stock and the vesting of
certain previously granted options (which were granted for no
consideration) caused the Reporting Person's beneficial ownership
to materially increase from the Reporting Person's ownership as of
the date of filing of the previous Schedule 13D/A.  During the
period from July 21, 2015, through April 3, 2017, the Reporting
Person purchased 10,995 shares of Common Stock in open market
transactions using personal funds.  

A full-text copy of the Schedule 13D/A is available for free at:

                       https://is.gd/MPDPkw

                     About ITUS Corporation

ITUS Corp. -- http://www.ITUScorp.com/-- develops and acquires
patented technologies for the purposes of patent monetization and
patent assertion.  The company currently has 10 patent portfolios
in the areas of Key Based Web Conferencing Encryption, Encrypted
Cellular Communications, E-Paper(R) Electrophoretic Display, Nano
Field Emission Display ("nFED"), Micro Electro Mechanical Systems
Display ("MEMS"), Loyalty Conversion Systems, J-Channel Window
Frame Construction, VPN Multicast Communications, Internet
Telephonic Gateway, and Enhanced Auction Technologies.

CopyTele changed its name to "ITUS Corporation" on Sept. 2, 2014,
to reflect the Company's change in its business operations.

ITUS Corp reported a net loss of $5.01 million on $300,000 of
total revenue for the year ended Oct. 31, 2016, compared to a net
loss of $1.37 million on $9.25 million of total revenue for the
year ended Oct. 31, 2015.  As of April 30, 2017, ITUS had $7.24
million in total assets, $3.66 million in total liabilities and
$3.58 million in total shareholders' equity.

Haskell & White LLP, in Irvine, California, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Oct. 31, 2016, citing that the Company has
limited working capital and limited revenue-generating operations
and a history of net losses and net operating cash flow deficits.
These conditions raise substantial doubt about the Company's
ability to continue as a going concern.


ITUS CORPORATION: Executive Chairman Hikes Shares to 5.6%
---------------------------------------------------------
Amit Kumar, executive chairman of ITUS Corporation and executive
chairman of Anixa Diagnostics Corporation, a wholly-owned
subsidiary of the Company, reported in a Schedule 13D/A filed with
the Securities and Exchange Commission that as of June 5, 2017, he
beneficially owns 900,852 shares of common stock, $0.01 par value
per share, of ITUS Corporation representing 5.67 percent of the
shares outstanding.

On June 5, 2017, Mr. Kumar purchased, in an open market transaction
with personal funds, 10,000 shares of Common Stock. The purchase of
these shares, aggregated with Mr. Kumar's purchase of additional
shares of Common Stock and the vesting of certain previously
granted options (which were granted for no consideration) caused
the Reporting Person's beneficial ownership to materially increase
from the Reporting Person's ownership as of the date of filing of
the previous Schedule 13D/A.  During the period from July 17, 2015,
through June 2, 2017, the Reporting Person purchased 23,000 shares
of Common Stock in open market transactions using personal funds.

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

                      https://is.gd/McmVR9

                     About ITUS Corporation

ITUS Corp. -- http://www.ITUScorp.com/-- develops and acquires
patented technologies for the purposes of patent monetization and
patent assertion.  The company currently has 10 patent portfolios
in the areas of Key Based Web Conferencing Encryption, Encrypted
Cellular Communications, E-Paper(R) Electrophoretic Display, Nano
Field Emission Display ("nFED"), Micro Electro Mechanical Systems
Display ("MEMS"), Loyalty Conversion Systems, J-Channel Window
Frame Construction, VPN Multicast Communications, Internet
Telephonic Gateway, and Enhanced Auction Technologies.

CopyTele changed its name to "ITUS Corporation" on Sept. 2, 2014,
to reflect the Company's change in its business operations.

ITUS Corp reported a net loss of $5.01 million on $300,000 of
total revenue for the year ended Oct. 31, 2016, compared to a net
loss of $1.37 million on $9.25 million of total revenue for the
year ended Oct. 31, 2015.  As of April 30, 2017, ITUS had $7.24
million in total assets, $3.66 million in total liabilities and
$3.58 million in total shareholders' equity.

Haskell & White LLP, in Irvine, California, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Oct. 31, 2016, citing that the Company has
limited working capital and limited revenue-generating operations
and a history of net losses and net operating cash flow deficits.
These conditions raise substantial doubt about the Company's
ability to continue as a going concern.


J CREW GROUP: Launches Exchange Offer and Consent Solicitation
--------------------------------------------------------------
J.Crew Group, Inc. announced that J.Crew Brand, LLC ("BrandCo") and
J.Crew Brand Corp. ("BrandCorp"), both indirect wholly-owned
subsidiaries of the Company, and Chinos Holdings, Inc., the
ultimate parent of the Company, have commenced a private offer to
certain eligible noteholders to exchange any and all of the
outstanding $566.5 million aggregate principal amount of
7.75%/8.50% Senior PIK Toggle Notes due 2019 (CUSIP Nos 16961UAA4
and U1680U AA3, ISIN Nos US16961UAA43 and USU1680UAA35) issued by
Chinos Intermediate Holdings A, Inc., a direct wholly-owned
subsidiary of Parent, for newly issued:

    (i) 13% Senior Secured Notes due 2021 to be issued by the New
        Notes Co-Issuers in an aggregate principal amount of up to
        $250 million,

   (ii) shares of Parent's 7% non-convertible perpetual preferred
        stock, series A, no par value per share, with an aggregate
        initial liquidation preference of up to $190,000,000, and

  (iii) shares of Parent's class A common stock, $0.00001 par
        value per share, representing up to approximately 15% of
        the common equity of Parent, in each case, upon the terms
        and conditions set forth in the Confidential Offering
        Memorandum and Consent Solicitation Statement, dated
        June 12, 2017.

The purpose of the Exchange Offer is to refinance the Old Notes to
reduce the consolidated indebtedness of Parent and its subsidiaries
and to extend the average maturity thereof.  The Exchange Offer is
conditioned on a minimum of 95% of the outstanding aggregate
principal amount of Old Notes being validly tendered, not withdrawn
and accepted in the Exchange Offer.  This condition may not be
waived without the consent of certain holders of outstanding Old
Notes and their affiliates that also hold a portion of term loans
under the Term Loan Facility.

Eligible holders who validly tender their Old Notes in the Exchange
Offer prior to 5:00 p.m., New York City time, on June 23, 2017, and
do not validly withdraw their tender prior to 5:00 p.m., New York
City time, on June 23, 2017, will receive the Total Exchange
Consideration.  "Total Exchange Consideration" means, for each
$1,000 principal amount of Old Notes validly tendered, not
withdrawn and accepted by the New Securities Issuers:

    (i) $441.308013 principal amount of New Notes (which includes
        the "Early Tender Payment" of $40 principal amount of New
        Notes per $1,000 principal amount of Old Notes tendered),

   (ii) $335.394 initial liquidation preference (0.335394 shares)
        of New Series A Preferred Stock, and

  (iii) 30.695204 shares of Class A Common Stock, in each case
        subject to rounding.

Eligible holders who validly tender and do not validly withdraw Old
Notes in the Exchange Offer after the Early Deadline, but prior to
11:59 p.m., New York City time, on July 10, 2017, will receive the
"Exchange Consideration," which is the Total Exchange Consideration
less the Early Tender Payment for Old Notes accepted in the
Exchange Offer.  The "Settlement Date" is expected to be three
business days after the Expiration Time, but in no event later than
the fifth business day following the Expiration Time. Holders whose
Old Notes are accepted in the Exchange Offer will not receive
additional consideration in respect of any accrued and unpaid
interest on such Old Notes from and including the last interest
payment date on such Old Notes to, but not including, the
Settlement Date.  The New Notes will mature on Sept. 15, 2021, bear
interest at a rate of 13% per annum, payable semi-annually in cash
in arrears, and will be fully and unconditionally guaranteed as to
payment of principal, premium, if any, and interest, jointly and
severally, on a senior secured basis, by J. Crew Brand
Intermediate, LLC, the direct parent of BrandCo ("Parent
Guarantor"), J. Crew Domestic Brand, LLC ("IPCo") and J. Crew
International Brand, LLC, each of which is an indirect domestic
subsidiary of the Company.  The guarantees of the Guarantors are
collectively referred to herein as the "New Guarantees." BrandCorp,
the corporate co-issuer of the New Notes, is a wholly-owned
subsidiary of BrandCo, has no assets and is not expected to have
any cash flow to apply to payments on the New Notes.

The New Debt Securities will be secured (subject to permitted liens
under the indenture governing the New Notes) by (a) first-priority
liens on (i) the Initial Transferred IP, (ii) IPCo's rights under
the Intellectual Property License Agreement that IPCo entered into
on Dec. 6, 2016, with J.Crew International, Inc., an indirect
wholly-owned subsidiary of the Company ("JCI"), and J.Crew
Operating Corp., a direct wholly-owned subsidiary of the Company
("OpCo") (solely in its capacity as payor on behalf of JCI),
pursuant to which JCI transferred a 72.04% undivided interest in
certain of its U..S. intellectual property assets (the "Initial
Transferred IP") to IPCo (such agreement, as will be amended and
restated concurrently with the settlement of the Exchange Offer,
the "A&R IP License Agreement"), (iii) a pledge of 100% of the
equity interests of the New Notes Co-Issuers and the Subsidiary
Guarantors, including IPCo (the "IP Group Pledge"), and (iv)
substantially all other assets of the New Notes Co-Issuers and the
Guarantors (including (x) any cash held by the New Notes Co-Issuers
or any of the Guarantors, (y) certain intercompany loans described
in the Offering Memorandum and (z) any Old Notes validly tendered,
not withdrawn and accepted in the Exchange Offer, which will not be
cancelled but will continue to be held by BrandCo, subject to the
terms of the New Notes Indenture) (collectively, the "Other IP
Group Assets"); and, in the event the Term Loan Transactions (as
defined below), are completed, (b) second-priority liens on (i) the
Additional Transferred IP (as defined below) and (ii) IPCo's rights
under the new Intellectual Property Agreement that IPCo will enter
into on the Settlement Date with JCI and OpCo (solely in its
capacity as payor on behalf of JCI) substantially in the form of
the A&R IP License Agreement (the "Additional IP License
Agreement").

IPCo's assets currently consist solely of (i) the Initial
Transferred IP, consisting of certain U.S. intellectual property
rights currently used by the Company and its subsidiaries in the
conduct of their business and (ii) its rights under the A&R IP
License Agreement.  Pursuant to the A&R IP License Agreement, the
Company and certain of its subsidiaries will continue to
exclusively use the Transferred IP and OpCo, on behalf of JCI, will
pay to IPCo a fixed license fee of $42.5 million per annum or, in
the event Term Loan Transactions are completed and the Additional
IP License Agreement entered into, an aggregate of $59.0 million
per annum, payable semi-annually.

Parent will pay, to the extent of lawfully available funds, cash
dividends on the New Series A Preferred Stock, when, as and if
declared by Parent’s board of directors (or a duly authorized
committee thereof).  Dividends on the New Series A Preferred Stock
will be cumulative and accrue from the Settlement Date at a rate of
7% per annum, payable at a rate of 5% per annum in cash and 2% per
annum through an increase in liquidation preference, in each case,
semiannually, in arrears, on September 15 and March 15 of each
year, commencing on Sept. 15, 2017.

Equity Recapitalization

Subject to the closing of the Exchange Offer, and concurrently
therewith, a majority in interest of the current holders of
Parent's Class L Common Stock, par value $0.001 per share,
including TPG Capital, L.P. and Leonard Green & Partners, L.P.,
will elect to convert all the outstanding shares of Class L Common
Stock into (i) 110,000 shares of Parent's 7% non-convertible
perpetual preferred stock, Series B, no par value, with an initial
liquidation preference of $1,000 per share ($110 million aggregate
initial liquidation preference) that will be pari passu with the
New Series A Preferred Stock, and (ii) 95,350,555.66 shares of
Parent's Class A Common Stock.

Dividends on the New Series B Preferred Stock will accrue from the
Settlement Date at a rate of 7% per annum, semi-annually, in
arrears, on September 15 and March 15 of each year, commencing on
Sept. 15, 2017.  After distributions have been made on the New
Series B Preferred Stock that equal the liquidation preference
thereof and all accrued dividends thereon, the holders of the New
Series B Preferred Stock shall be entitled to receive, in the
aggregate, approximately 3% of the sum of any distributions made in
respect of Class A Common Stock.

In connection with the Recapitalization, the Principal Investors
Stockholders' Agreement, dated as of March 7, 2011, among Parent,
the Old Notes Issuer, Chinos Intermediate Holdings B, Inc., an
indirect wholly-owned subsidiary of Parent ("Intermediate Holdings
B"), the Company, the Sponsors and the other stockholders party
thereto, will be amended and restated to provide that the holders
of the Class A Common Stock will be subject to certain rights and
obligations as set forth in greater detail therein.

In connection with the Exchange Offer, the Company intends to
implement a new management incentive plan, pursuant to which it is
expected that certain officers and employees of the Company will be
entitled to receive equity awards of up to 10% of the Class A
Common Stock outstanding after the Exchange Offer and up to $20
million in initial liquidation preference of additional New Series
B Preferred Stock of Parent.  The Class A Common Stock component of
the new management incentive plan will dilute all holders of the
Class A Common Stock.  Any additional New Series B Preferred Stock
will be in addition to the New Series B Preferred Stock.

The Proposed Term Loan Transactions

Concurrently with the Exchange Offer, the Company is seeking to
amend its Amended and Restated Credit Agreement, dated as of
March 5, 2014, by and among, inter alios, the Company, Intermediate
Holdings B, Wilmington Savings Fund Society, FSB, as Administrative
Agent, and the Lenders party thereto.

If requisite consents are received for the Term Loan Amendment, the
Company will engage in a series of transactions concurrently with
the settlement of the Exchange Offer, including the purchase of
$150 million principal amount of term loans under the Term Loan
Agreement held by lenders who consent to the Term Loan Amendment at
par plus accrued interest thereon; additional borrowings under the
Term Loan Agreement of $30 million principal amount (at a 2%
discount), to be provided by new or existing lenders, or in lieu
thereof, one or more Sponsors (or affiliates thereof), the net
proceeds of which will be applied by the Company to finance the
refinancing, redemption or repurchase of term loans referenced
above; the issuance of $97 million principal amount of New Private
Placement Notes at a 3% discount in a private placement pursuant to
the terms of the Note Purchase Agreement, the proceeds of which
will be lent on a subordinated basis by BrandCo to the Company to
finance the refinancing, redemption or repurchase of term loans
referenced above; the contribution by JCI to IPCo of the remaining
undivided 27.96% ownership interest of certain U.S. intellectual
property rights not previously included in the Initial Transferred
IP, in which case, will include an aggregate 100% ownership
interest in such U.S. intellectual property rights); and a
direction to the Term Loan Agent to dismiss, with prejudice,
certain litigation relating to the assignment of the Initial
Transferred IP (and related matters).

The Exchange Offer is not conditioned upon approval of the Term
Loan Amendment.  However, if requisite consents for the Term Loan
Amendment are obtained, the settlement of the Exchange Offer will
be conditioned upon the completion of the Term Loan Transactions.
If the Term Loan Amendment is not approved, the Term Loan
Transactions will not be completed, but, if the conditions to the
Exchange Offer are satisfied or waived, the Exchange Offer will be
consummated.

Restructuring Support Agreement

The Ad Hoc Creditors have entered into a Restructuring Support
Agreement, dated June 12, 2017, with Parent and certain of its
subsidiaries and affiliates, pursuant to which, subject to the
terms and conditions thereof, the Ad Hoc Creditors agreed to take
certain actions in support of the Term Loan Transactions, including
(i) voting in favor of the Term Loan Amendment as lenders under the
Term Loan Agreement; and (ii) if the Term Loan Transactions are
consummated, subject to the terms and conditions contained in the
Note Purchase Agreement, purchasing an aggregate of $97 million
principal amount of the New Private Placement Notes in the
Concurrent Private Placement.  In addition, the Ad Hoc Creditors
hold approximately 67% of the outstanding Old Notes and have agreed
to tender their Old Notes in the Exchange Offer, which contains a
95% minimum tender condition, provided that each Ad Hoc Creditor
may withhold or tender in its discretion 3% of the outstanding Old
Notes (6% total), and provided further that if one Ad Hoc Creditor
tenders any withheld Old Notes in the Exchange Offer, the other Ad
Hoc Creditor is required to tender its withheld Old Notes in the
Exchange Offer.  The agreements and obligations of the Ad Hoc
Creditors under the RSA are subject to the conditions, restrictions
and provisions contained therein.

Note Purchase Agreement and Concurrent Private Placement

The Company, the New Notes Co-Issuers and the Guarantors have
entered into a Note Purchase Agreement, dated June 12, 2017, with
the Ad Hoc Creditors, pursuant to which, the Ad Hoc Creditors have
agreed, in the event the Term Loan Transactions are completed, to
purchase $97 million principal amount of an additional series of
13% Senior Secured Notes due 2021 to be issued by the New Notes
Co-Issuers at a 3% discount in the Concurrent Private Placement.
The agreements and obligations of the Ad Hoc Creditors under the
Note Purchase Agreement are subject to the conditions, restrictions
and provisions contained therein.

The New Private Placement Notes will be governed by an indenture
substantially in the form of the New Notes Indenture and will also
be guaranteed by the Guarantors.  In the event the Term Loan
Transactions are completed and the New Private Placement Notes are
issued in the Concurrent Private Placement, the New Private
Placement Notes and the guarantees thereof will be secured (subject
to permitted liens under the indenture governing the New Private
Placement Notes) by (a) first-priority liens on (i) the Additional
Transferred IP, (ii) IPCo's rights under the Additional IP License
Agreement, (iii) the IP Group Pledge, and (iv) the Other IP Group
Assets; and (b) second-priority liens on (i) the Initial
Transferred IP and (ii) IPCo's rights under the A&R IP License
Agreement.

Consent Solicitation

In conjunction with the Exchange Offer, the Old Notes Issuer is
soliciting consents from holders of the Old Notes to suspend,
subject to certain conditions, substantially all of the covenants,
restrictive provisions and events of default under the indenture
governing the Old Notes and provide the Old Notes Issuer, any
guarantor under the Old Notes Indenture and any of their respective
affiliates, in each case, that holds the Old Notes, with the
ability to vote on directions, waivers and consents under the Old
Notes Indenture.  The Exchange Offer is conditioned upon the
completion of the Consent Solicitation.  The Ad Hoc Creditors have
agreed pursuant to the RSA, subject to the terms and conditions
thereof, to tender Old Notes (and thereby provide consents) with
respect to a sufficient principal amount of Old Notes to ensure
adoption of the Proposed Amendments, which will become operative
only upon completion of the Exchange Offer. Holders who validly
tender (and do not validly withdraw) their Old Notes pursuant to
the Exchange Offer will be deemed to have delivered their consents
pursuant to the Consent Solicitation by such tender.  Holders may
not deliver consents without tendering their Old Notes, and holders
may not tender their Old Notes without delivering consents.

Old Notes subject to the Exchange Offer and Consent Solicitation
may be validly withdrawn at any time on or before the Withdrawal
Deadline, but not thereafter, even if the Early Deadline or
Expiration Time is extended.  The valid withdrawal of tendered Old
Notes prior to the Withdrawal Deadline will be deemed to be a
concurrent revocation of the corresponding consent.

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

                      https://is.gd/BKPtdz

                       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 April 29, 2017, J. Crew had $1.28 billion in total assets,
$2.18 billion in total liabilities and a total stockholders'
deficit of $907.02 million.

                           *   *   *

As reported by the TCR on June 16, 2017, S&P Global Ratings said it
lowered its corporate credit rating on New York-based J. Crew Group
Inc. to 'CC' from 'CCC-'.  The outlook is negative.  J. Crew
recently announced an exchange offer for any and all of its
outstanding $566.5 million aggregate principal amount of
7.75%/8.50% senior pay-in-kind (PIK) toggle notes due 2019.  The
company is also seeking to amend its term loan agreement.  S&P
views the transaction as distressed because the participating note
holders will receive significantly less than par value.

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.


J.G. NASCON: Sale of Volvo EC150 Excavator for $23K Approved
------------------------------------------------------------
Judge Magdeline D. Coleman of the U.S. Bankruptcy Court for the
Eastern District of Pennsylvania authorized J.G. Nascon, Inc.'s
sale of Volvo EC150 Excavator, s/n 150C03049, to Isidro Aguilera
from Polaris Farms LC for $23,000.

The sale is "as is, where is, without warranties," and free and
clear of any and all liens, encumbrances, interests and claims.

At the closing of the sale of the Volvo, the Buyer will pay to M&T
Bank by wire the sum of $17,250 and will pay the balance of the
Purchase Price (i.e., $5,750) to the Debtor.

Notwithstanding anything to the contrary in the Motion or the
Order, the Volvo will remain subject to any and all liens and
encumbrances held by M&T Bank unless M&T Bank is paid the Sale
Payment at the closing of the sale of the Volvo.  The Sale Payment
will be applied as follows: (i) the sum of $626 to pay the balance
of the adequate protection payment that was due in March 2017 and
which has not been paid; (ii) $13,751 to pay three adequate
protection payments of $4,584 for the months of May 2017, June 2017
and July 2017 and which will result in the Debtor not having to
make adequate protection payments in May 2017, June 2017 and July
2017; and (iii) the sum of $2,873, as partial payment of the
adequate protection payment that will be due in August 2017.  In
the event that the sale of the Volvo to Buyer is not approved or
does not close, nothing in the Motion or the Order will alter or
relieve Debtor of its obligation to make all adequate protection
payments to M&T Bank when due in accordance with the terms of any
cash collateral order entered by the Court.

If M&T Bank receives payments from the Debtor as set forth at
closing, M&T Bank will be deemed to have consented to the sale, and
the Volvo will be sold to the Buyer free and clear of any liens or
encumbrances held by M&T Bank.

The stay provisions set forth in Federal Rule of Bankruptcy
Procedure 6004(h) are waived and closing may occur immediately.

A copy of the M&T Bank wire instructions attached to the Order is
available for free at:

        http://bankrupt.com/misc/JG_Nascon_362_Order.pdf

                        About J.G. Nascon

J.G. Nascon, Inc., is a heavy and highway construction property
located in Eddystone, Pennsylvania, providing full-service site
contracting to the tri-state region.  As of Dec. 4, 2015, the
company has approximately 25 employees.

J.G. Nascon, Inc., sought Chapter 11 protection (Bankr. E.D. Pa.
Case No. 15-18704) on Dec. 4, 2015, in Philadelphia.  The Debtor
estimated $1 million to $10 million in assets and debt.

The Debtor tapped Albert A. Ciardi, III, Esq., and Jennifer E.
Cranston, Esq., at Ciardi Ciardi & Astin, P.C., as attorneys.


JAMES CHATMAN: GreenField Buying Lynwood Property for $1.3M
-----------------------------------------------------------
James H. Chatman asks the U.S. Bankruptcy Court for the Central
District of California to authorize the sale of real property at
3366 E. Imperial Hwy., Lynwood, California, APN 6173-001-005 and
6173-001-004, to GreenField Investments, LLC for $1,300,000,
subject to overbid.

A hearing on the Motion is set for July 18, 2017 at 11:00 a.m.

The Debtor is married man.  He was married to his spouse Raphaela
Chatman in 1968.  He is an auto mechanic and has owned and operated
an auto mechanic repair shop for approximately 40 years.  His
business is called Precision Automotive Brake Supply and it is
located at his principal asset commercial property, the Lynwood
Property.

The Debtor purchased the Lynwood Property on around May 27, 1981.
On May 28, 1981, Ms. Chatman issued a quitclaim deed of her
interest in the Lynwood Property to the Debtor.

On April 23, 2016, Ms. Chatman filed a summons and complaint for
Dissolution of Marriage in the Superior Court of California
initiating case number FAMVS 1602510.  The case remains pending.
On Sept. 6, 2016, the counsel for Ms. Chatman recorded a Notice of
Pendency of Action (Lis Pendens) against the Property in the county
of Los Angeles.  On June 19, 2017, a Notice of Withdrawal of Lis
Pendens was executed by the counsel for Ms. Chatman and will be
recorded with the Los Angeles County Recorder's office prior to the
hearing on the Motion.  Ms. Chatman's interest in the Lynwood
Property has not yet been determined by the Superior Court but the
Debtor believes it as high as 50%.  Accordingly, Debtor intends to
have his counsel Shevitz Law Firm keep 50% of the net proceeds of
the sale of the Lynwood Property after payment of all liens, taxes,
and commissions, escrow fees in his client trust account pending
resolution by Court Order of the Superior Court's Determination of
Ms. Chatman's interest in the subject Property.

The Debtor's business Precision was successful for many years but
over last few years had dropped due to competition in the auto
repair industry, changes in automobile technology, and the overall
downturn of the economy during the recession.  The Debtor is 69
years old and intends to sell off the Lynwood Property to pay off
his debts.  

The Debtor entered into a listing agreement with Star Commercial
Properties, doing business as David C. Perry and has now entered
into a sale transaction with GreenField.  Under a Feb. 23, 2017
Representation Agreement, with Perry, the Debtor engaged Perry to
market and to sell the Property.  Perry has extensive experience in
selling similar properties and he has engaged in exhaustive
marketing efforts.  Perry's Employment Application was filed on
March 28, 2017 and approved April 25, 2017.

The Real Property was initially listed for $1,518,330 pursuant to
the Listing Agreement.  On March 25, 2017, the Debtor hired
California Licensed General Real Estate Appraiser Thomas I. Milwicz
to do an appraisal of the Lynwood Property.  Mr. Wilwicz stated in
a written Valuation Letter that it was his opinion that the market
value of the Lynwood Property as of March 25, 2017 was $1,200,000.
This valuation has already been filed with the Court.  The Property
price was reduced to $1,300,000 after the Debtor obtained the
Evaluation Letter.

The brokers to receive commission are Perry as the Debtor's real
estate broker and Sand Investment Group as the Buyer's purchasing
agent.

The salient terms of the Commercial Property Purchase Agreement
are:

          a. Buyer: Greenfield Investments, LLC

          b. Seller: James H. Chatman

          c. Purchase Price: $1,300,000

          d. Property: 3366 E. Imperial Hwy, Lynwood, California

          e. Deposit: $50,000

          f. Terms: Free and clear of liens, claims and interests

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

      http://bankrupt.com/misc/James_Chatman_51_Sales.pdf

The Lynwood Property is subject to a number of encumbrances, which
are reflected in a Preliminary Title Report issued by Old Republic
Title on May 24, 2017 and updated as of June 9, 2017.  Sale of the
Property is the method by which creditors of the Estate and
lienholders against the Property are to be paid, and from which
Debtor intends to present a plan for payment.  There are total
liens against the Property totaling approximately $693,139
including real estate taxes.

Disregarding real property taxes, which total approximately $24,031
and will be paid from the proceeds of sale, the lien holders
against the Property are:

          a. A recorded deed of trust of Southern California
Seconds, Inc. which was sold to Urban Sites, LLC.  As of the filing
of the case, the Debtor believed the amount of the claim to be
approximately $475,000.  This amount is based on Urban's Opposition
to Motion in Individual Case for Order Imposing a Stay Or
Continuing the Automatic Stay as the Court Deems Appropriate.
Urban has not filed a proof of claim in this case but Debtor
believes that the amount of the claim today is approximately
$487,563.

          b. A recorded deed of trust of Bankers Surety Services,
Inc. in the amount of $1,000,000 to secure a bail bond for Sonja
Meeks.  However, as of the Petition date, the Debtor owed Bankers
$35,000 and Bankers has already issued escrow a formal payoff
demand of $35,000 to be paid through escrow.

          c. Recorded liens filed by the Los Angeles County
Treasurer and Tax Collector for unsecured property taxes related to
Precision.  The Los Angeles County Treasurer and tax collector
filed claim in this case of $17,261.  While the Debtor does not
concede the full amount claimed by the Tax Collector at this time
since it includes amounts owed for liens that Debtor believes may
have been paid off previously and therefore may longer reflect
valid encumbrances on the Property, this amount, or whatever amount
is deemed to be owing as of the date of closing, will be paid from
the proceeds of sale.

          d. A recorded judgment lien of Ira Joe Scott c/o David G.
Geffen based on a judgment that was issued on Nov. 8, 2007 in the
amount of $45,523 and recorded on June 19, 2008.  Geffen filed a
claim in this case in the amount of $89,263.

          e. Recorded liens of the Los Angeles County Fire
Department based on liens that were recorded and issued on April 8,
2014, April 30, 2015, and April 19, 2016 respectively.  The Fire
Department has not filed a proof of claim in this case but Debtor
believes that the aggregate amount of the claims today is
approximately $11,892.

          f. A judgment lien that was recorded by the State Labor
Commissioner Chief, Division of Labor Standards, State of
California, c/o: James E. Berry based on a judgment for $6,500 was
entered on Sept. 30, 2010 and recorded on Jan. 15, 2011.  The Labor
Commissioner has not filed a proof of claim in this case but the
Debtor believes that the total amount of the claim today is
approximately $10,833.

          g. A recorded judgment lien of James Thomas, c/o The
Labor Commissioner, Division of Labor Standards Enforcement in the
amount of $8,286 that was issued on June 23, 2014 and recorded on
July 7, 2014.  The Labor Commissioner has not filed a proof of
claim in this case but the Debtor believes that the amount of the
claim today is approximately $10,705.

          h. A judgment lien that was recorded by Rack Repair
Services c/o Orloff & Associates based on a judgment for $5,000
that was entered on April 17, 2013 and recorded on July 25, 2014.
Orloff has not filed a proof of claim in this case but the Debtor
believes that the total amount of the claim today is approximately
$6,500.

The sale is subject to higher and better offers.  The Debtor
recommends that the first overbid be no less than $1,375,000 which
is $75,000 higher than the sales price in the Current Sale
Agreement of $1,300,000.  Overbids are requested to be in
increments of $25,000 and it is requested that the Sale to an
overbidder close within 15 days of the entry of the order approving
the Motion.  The Motion further asks that any overbidder tender a
bid deposit of $75,000 in the form of certified funds to the
Debtor's Broker, David C. Perry, 16725 Bellflower Boulevard,
Bellflower, California, Telephone: (714) 721-4477, at least seven
days before the Sale Hearing.  

In the event that said overbidder is approved by the Court to be
the Buyer pursuant to the Sale of the Property, said bid deposit
tendered by that overbidder will be deemed non-refundable unless
the Seller is unable to perform under the Agreement.  At the Sale
Hearing the Debtor will ask for Court approval of an alternative
bidder if the Buyer does not close the Sale within 30 days.

The sale of the Property is proposed for sale at an amount far in
excess of the liens at approximately $699,139.  In the event there
are no overbids, the Sale should result in the following
distributions: (i) selling cost (6% commissions) - $78,000; (ii)
real estate taxes - $24,031; (iii) Urban Sites, LLC - $487,563;
(iv) Bankers Surety Services, Inc. - $35,000; (v) unsecured
property taxes - tax collector - $17,261; (vi) Geffen - $89,263;
(vii) Los Angeles County Fire Department - $11,982; (viii) James E.
Berry/Labor Commissioner - $10,833; (ix) Labor Commissioner/James
Thomas - $10,705; (x) Rack Repair Service/Orloff & Associates -
$6,500; (xi) Estimated Capital Gains Tax (State) - 3.3% of sale
proceeds - $42,900; and (xii) Miscellaneous and unanticipated costs
- $10,000.  The net proceeds would be $476,946.

The Sale of the Real Property for the Purchase Price appears to be
in the best interests of the Estate.  Whether or not the value of
the Property is declining, the Property is not likely to be sold
for a higher price and it makes sense to allow the Debtor to
dispose of the Property in order to help fund reorganization.
Accordingly, the Debtor asks the Court to approve the relief
sought.

The Debtor asks that the Court waives the 14-day stay as provided
in Rule 6004(h) of the Federal Rules of Bankruptcy Procedure.

Counsel for Debtor:

          David S. Shevitz, Esq.
          SHEVITZ LAW FIRM
          3435 Wilshire Blvd., Suite 2920
          Los Angeles, CA 90010
          Telephone: (213) 863-0183
          Facsimile: (213) 788-4834
          E-mail: david@shevitzlawfirm.com

James H. Chatman sought Chapter 11 protection (Bankr. C.D. Cal.
Case No. 17-12746) on March 7, 2017.  The Debtor tapped David
Samuel Shevitz, Esq., at Shevitz Law Firm as counsel.


JG WENTWORTH: S&P Lowers ICR to 'CCC-' on Expected Debt Exchange
----------------------------------------------------------------
S&P Global Ratings said it lowered its issuer credit rating on J.G.
Wentworth LLC (JGW) to 'CCC-' from 'CCC+'.  The outlook is
negative.  At the same time, S&P lowered its issue-level rating on
the company's senior secured debt to 'CCC-' from 'CCC+'.  The
recovery rating remains at '4', indicating that creditors could
expect 30%-40% recovery in the event of payment default.

"Our rating action today reflects our opinion that a distressed
debt exchange transaction, which the company publicly disclosed it
was contemplating earlier this year, is likely in the next six
months" said S&P Global Ratings credit analyst Chris Cary.  JGW's
proposals indicate two scenarios: the first is the company aiming
to reduce its debt to $90 million from $449 million, and the second
is the company proposing to reduce its debt to $65 million. Both
scenarios would greatly enhance the company's financial position
and likely, in our view, position the company to face upcoming
headwinds from both rising interest rates in its structured
settlements business and expected lower refinancing volume in its
mortgage business.

The negative outlook reflects S&P's expectation that JGW is likely
to negotiate a distressed exchange offer with its debtholders in
the next six months.  While management has restored the structured
settlement business to profitability and the mortgage business is
growing at a steady pace, S&P do not think the cash flows from
these businesses will be sufficient to repay the current
outstanding senior unsecured debt due early in 2019.

S&P could lower the ratings in the next six months when a
distressed exchange is announced, and S&P will lower the ratings
again to reflect a selective default if the transaction concludes.

S&P is unlikely to raise the ratings unless the company
successfully concludes a distressed exchange, possibly as per its
proposals outlined to the SEC earlier this year.  This would have
the effect of significantly lowering its debt burden such that the
company can successfully service the debt from recurring cash flow.
If this occurs, S&P could raise the ratings by multiple notches.


JOSEPH BARNES: Trustee Selling Queens Property for $210K
--------------------------------------------------------
Ian J. Gazes, Trustee of Joseph Nathan Barnes, asks the U.S.
Bankruptcy Court for the Southern District of New York to authorize
the private sale of the estate's right, title and interest in
certain residential real property located at 126-22 116th Avenue,
Queens, New York, to Jennifer Turini for $210,000 or $206 per
square foot.

In 1980, the Debtor acquired a fee simple ownership in the
Property.  The monthly carry for the Property, including insurance
and property taxes but exclusive of other expenses, is
approximately $500.

During the course of administering this case, the Trustee
determined that the Property was occupied by Ruth Melville, a
senior citizen.  Because Ms. Melville was a longtime resident and
because the Trustee anticipated potential litigation if the
Property were sold to another party, the Trustee invited her to
make an offer to purchase the Property.  Ms. Melville initially
indicated that she would make an offer but ultimately declined to
do so.

In order to inspect the Property, assess its value, and to market
it for sale, the Trustee enlisted MYC & Associates, Inc.  MYC has
inspected the Property and has determined that it requires
significant renovation and updating.  Also, as pointed out by the
proposed Buyer to MYC upon her inspection of the Property, there is
undisturbed asbestos insulation on the heating pipes in the
basement.  The price per square foot of comparable sales ranges
from $126 to $188.

After inspecting and marketing the Property, MYC received an offer
from the Purchaser to purchase the Property for $210,000 or $206.49
per square foot.  Based on this offer, the Trustee negotiated and
thereafter entered into the Contract of Sale with the Purchaser
subject to the Courts approval and received a $15,000 deposit on
the Purchase Price.  The sale closing will occur no later than 15
days subsequent to the entry of the Sale Order.

The Contract further provides, among other things, that (i) the
Property is being sold free and clear of liens, claims and
encumbrances; (ii) the Property is being sold "as is, where is and
with all faults"; and (iii) the Trustee will request that the Court
include in its order a finding that Purchaser is a "good faith
purchaser" entitled to the protections of section 363(m) of the
Bankruptcy Code.

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

     http://bankrupt.com/misc/Joseph_Barnes_199_Sales.pdf

The title search for the Property obtained by the Trustee reveals
these liens or potential liens on the Property:

   a. A mortgage, recorded on Aug. 27, 1995, given by the Debtor in
favor of the law firm of Morvillo Abramowitz Grand Iason &
Silberberg PC in the amount of $49,100;

   b. A mortgage, recorded on Sept. 29, 1980, given by the Debtor
in favor of the United States Department of Housing and Urban
Developmentin the amount of $23,600;

   c. A judgment against "Joseph Barnes" in favor of Palisades
Collection, LLC in the amount of $1,571;

   d. Several judgments against "Joseph Barnes" in favor of the
Criminal Court of the City of New York in the aggregate amount of
$810; and

   e. Various Environmental Control Board, parking, and Transit
Adjudication Bureau violations, against "Joseph Barnes," "Joseph D.
Barnes," "Joseph A. Barnes," or "Joseph K. Barnes" in the aggregate
amount of $1,368.

A review of the online tax records for the New York City Department
of Finance show unpaid real estate taxes of no less than $16,238.
Morvillo has advised the Trustee that the Morvillo Mortgage has
been satisfied.  The parties are in the process of preparing a
satisfaction of mortgage for recordation.  With respect to the HUD
Mortgage, HUD's mortgage servicer, Novad Management Consulting,
LLC, has advised that it has no immediate record of the HUD
Mortgage.  The Trustee believes that Novad's ongoing investigation
will confirm that the HUD Mortgage has been satisfied.

The Proposed Sale contains the following Extraordinary Provision as
described in the Court's General Order M-383: (i) Private Sale –
The Proposed Sale is not being conducted pursuant to the auction
procedures set forth in Local Bankruptcy Rule 6004-1 and is not
subject to higher and better offers; and (ii) Sale Free and Clear -
The sale of the Property will free and clear of all liens and
encumbrances pursuant to section 363(f) of the Bankruptcy Code.

In the exercise of his business judgment, the Trustee submits that
the Proposed Sale is justified by sound business reasons and is in
the best interest of the estate and its creditors.  The Property
appears to be the estate's sole remaining asset of value and a sale
is the only means of realizing that value.  Moreover, given the
monthly carry of maintaining the Property, that value continues to
decrease.

The Purchaser is represented by:

         Michael W. Holland, Esq.
         LAW OFFICES OF MICHAEL W. HOLLAND
         421 Willis Ave.
         Williston Park, NY 11596

Joseph Nathan Barnes sought relief under chapter 7 of the
Bankruptcy Code (Bankr. S.D. N.Y. Case No. 13-10819 (SCC)) on March
18, 2013.  The case was converted to a case under chapter 11 on
Nov. 13, 2013.  On Nov. 21, 2013, the Office of the United States
Trustee appointed Ian J. Gazes to serve as chapter 11 Trustee.  The
Trustee filed his acceptance of the appointment on Nov. 22, 2013.

Counsel for the Trustee:

          Ian J. Gazes, Esq.
          David Dinoso, Esq.
          GAZES, LLC
          151 Hudson Street
          New York, NY 10013
          Telephone: (212) 765-9000


KAYE & SONS: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: Kaye & Sons Site Development, LLC
        4920 Bear Lane
        Corpus Christi, TX 78403

Business Description: Excavation Contractor

Chapter 11 Petition Date: June 24, 2017

Case No.: 17-20283

Court: United States Bankruptcy Court
       Southern District of Texas (Corpus Christi)

Judge: Hon. Marvin Isgur

Debtor's Counsel: Thomas Rice, Esq.
                  PULMAN, CAPPUCCIO, PULLEN, BENSON & JONES, LLP
                  2161 NW Military Highway, Ste 400
                  San Antonio, TX 78213
                  Tel: 210-222-9494
                  Fax: (210) 892-1610
                  E-mail: trice@pulmanlaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Douglas Kaye, managing member.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/txsb17-20283.pdf


KEENEY TRUCK: Selling Vehicles to Flour Transport and TEC for 533K
------------------------------------------------------------------
Keeney Truck Lines, Inc., asks the U.S. Bankruptcy Court for the
Central District of California to authorize the sale outside the
ordinary course of business of (i) two International Harvester
tractors and 10 Freightliner tractors ("Lot 2") to Flour Transport,
Inc. for $350,000, subject to overbid; and (ii) five 2013 Volvo
tractors ("Lot 4") to TEC Equipment, Inc. for $182,500
(representing a unit price of $36,500 per truck), subject to
overbid.

A hearing on the Motion is set for July 13, 2017 at 10:00 a.m.

To maximize the payout to creditors, Keeney is liquidating its
assets through the two sales.  This is the second sale motion the
Debtor is presenting -- as the Court is aware, a sale of the assets
designated as Lots 1 and 3 was approved by an order entered June 9,
2017, and those lots are to be auctioned on June 22, 2017.

Keeney has entered into two sales agreements for the sale of Lots 2
and 4 with the Buyers.

The salient terms of the Lot 2 Agreement are:

          a. Buyer: Flour Transport, Inc.

          b. Seller: Keeney Truck Lines, Inc.

          c. Assets: Two International Harvester tractors and 10
Freightliner tractors

          d. Purchase Price: $350,000

          e. Deposit: 10% of the Purchase Price ($35,000)

          f. Closing: The Closing of the purchase and sale of the
Assets will take place immediately after the public auction on June
22, 2017.

The salient terms of the Lot 4 Agreement are:

          a. Buyer: TEC Equipment, Inc.

          b. Seller: Keeney Truck Lines, Inc.

          c. Assets: Five 2013 Volvo tractors

          d. Purchase Price: $182,500 (representing a unit price of
$36,500 per truck)

          e. Closing: The Closing of the purchase and sale of the
Assets will take place immediately after the public auction on June
22, 2017.

A copy of the lists of Lot 2 and Lot 4 vehicles and equipment, and
the APAs attached to the Motion is available for free at:

       http://bankrupt.com/misc/Keeney_Truck_103_Sales.pdf

The Debtor asks authority to sell Lots 2 and 4 "as-is, where-is,"
without warranty either expressed or implied, and free and clear of
liens of both South Coast Air Quality Management District ("AQMD")
and People's Capital and Leasing Corp. as a bona fide dispute as to
the claims of these creditors exists or as to the contract with the
AQMD the contract may be assumed by the Debtor and assigned to the
stalking horse bidder.

AQMD holds liens on the 10 Freightliners in Lot 2 pursuant to a
Proposition 1B "Goods Movement Emission Reduction Program"
contract, dated May 23, 2012 ("AQMD Contract"), which will expire
in early-2018.  To secure the Debtors' obligations under the AQMD
Contract, AQMD took a security interest in the 10 Freightliners,
perfecting it with a filing of a financing statement with the
California Secretary of State on Feb. 13, 2013 as document number
13-7348560714.  Flour Transport has offered to ask approval from
AQMD for an assignment of the Debtor's obligations under that AQMD
Contract.  Keeney asks Court authority for assumption and
assignment of the AQMD Contract.  Flour Transport will make the
applications to AQMD, which if accepted, will allow for the sale of
the Freightliners free and clear of the Debtor's obligation on the
AQMD Contract.  Alternatively and if an order authorizing
assumption and assignment is not granted by the Court for any
reason, Keeney asks authority to reject and terminate early the
AQMD Contract, which Keeney calculates may result or give rise to a
claim by AQMD which Keeney calculates to be in the range of
$0-$65,000.  This estimation is calculated pursuant to a formula
set forth in the AQMD Contract.  

People's made a lending commitment and extended loans to the Debtor
under a Master Loan and Security Agreement No. 3881 ("Loan and
Security Agreement") dated May 6, 2015.  The Loan and Security
Agreement was extended to finance the Debtor's purchase of the
Volvos and the Freightliners.  To secure repayment of the Loan and
Security Agreement, People's took a security interest in all of the
Trucks, perfecting by both taking possession of the titles and
filing a financing statement with the California Secretary of State
on May 5, 2015 as document number 15-7464768836.  The total credit
commitment under the Loan and Security Agreement was $772,650 and
the initial interest rate was 1.51%.

People's filed a secured proof of claim in this bankruptcy case on
March 10, 2017 in the amount of $581,035 along with accruing
interest and attorney's fees.  People's Claim valued the Volvos and
Freightliners together at a total of $602,500.  Keeney does not
agree with either the total amount owed in People's Claim nor the
valuation of the Trucks.  Keeney contends that there is a bona fide
dispute as to the claim filed by People's as to both the amount of
the claim and the interruption of the loan contract terms, thus the
Court may authorize a sale.  

Flour Transport is able and willing to take the Freightliners
subject to the AQMD Contract and it is qualified to perform that
contract and to continue in compliance with it through the end of
the contract in February 2018.

Keeney is proposing to place $65,000 of the sale proceeds into a
cash collateral account for the benefit of the AQMD, not to be
disbursed or used for any other purpose, pending further order of
the Court on the precise amount owed to AQMD for early termination.
This process will protect the AQMD and it allows the court to
order a sale free and clear of the AQMD's lien because the amount
of the lien will be fully covered by the sale price.

Keeney proposes to use the same auctioneer as with the first sale
motion, AGES Professional Services & Associates of San Diego and
its principal, Ken McCormack.  The Court approved AGES' employment
by an order entered June 1, 2017.  AGES will advertise and sell
Lots 2 and 4.  With the Court's approval, AGES will conduct a
public auction at Keeney's premises at 3500 Fruitland Avenue,
Maywood, California on July 18, 2017 at 11:00 a.m.

The salient terms of the Bidding Procedures are:

          a. Lot 2 – Flour Transport has offered $350,000 for Lot
2 and the minimum overbid for the lot will be 5% higher
($367,500).

          b. Lot 4 – TEC Equipment has offered $182,500 for Lot 4
and the minimum overbid will be 5% higher ($191,625).

          c. Overbidders will sign a Purchase and Sale Agreement in
substantially the form as signed by the initial bidder for each
lot.

          d. Overbidders on Lot 2 will provide the same 10% deposit
as Flour Transport ($35,000), plus the 5% initial overbid ($17,500)
for a total deposit of $52,500.

          e. Overbidders on Lot 4 will execute the same sale
agreement as TEC Equipment Equipment, with the proviso they must
overbid the agreed sale price by 5% ($191,625).

          f. Bidding will thereafter, go up in increments of 5% or
as set by the auctioneer so as to be commercially reasonable.

          g. Winning bidders must pay the balance of the
winning/successful bid in good verified funds, i.e. cashier's check
or money wired within 48 hours of close of bidding.

          h. Winning bidders must agree to collection of successful
bid to AGES for collecting the funds in gross on behalf of the
Debtor, collection to include sales tax as is required by law.

          i. Winning bidders must agree that as a
winning/successful bidder and unable to consummate their purchase
within 48 hours of closing of bidding, they will forfeit their
deposit as liquidated damages to the estate.

          j. Winning bidders must agree in a case of failure by the
winning/successful bidder, the Lot will be made available to the
next highest or runner up bidder.

          k. Winning bidders must agree that the auctioneer's fee
will be 1.5% of the total of the final gross bids on each lot.

Keeney has made a good business judgment in electing to sell the
assets in Lots 2 and 4, it submits the sale is in the best
interests of the estate because it maximizes the return on assets
for the creditors.

The Debtor asks the Court to waive the 14-day waiting period
prescribed by Rule 6004(h) of the Federal Rules of Bankruptcy
Procedure.

Flour Transport is represented by:

          Dan Gaston, Esq.
          LARSON & GASTON LLP
          200 S Los Robles Ave # 530
          Pasadena, CA 91101
          Telephone: (626) 795-6001
          Facsimile: (626) 795-0016
          E-mail: daniel.gaston@larsongaston.com

TEC Equipment can be reached at:

          Jon Cinquegrani
          Used Truck Sales
          TEC EQUIPMENT, INC.
          14166 Valley Blvd
          Fontana, CA 92335
          Office Telephone: (909) 427-8090 x 7619
          Cellular: (213) 308-7328
          E-mail: JCinquegrani@tecequipment.com

                   About Keeney Truck Lines

Keeney Truck Lines, Inc.filed a Chapter 11 bankruptcy petition
(Bankr. C.D. Cal. Case No. 16-12509) on Sept. 9, 2016.  The
petition was signed by Dan Hubbard, president/CEO.

The Hon. Sandra R. Klein presides over the case.  

The Law Office of William Fennell, APLC represents the Debtor as
counsel.

The Debtor disclosed total assets of $3.30 million and total
liabilities of $1.68 million as of the bankruptcy filing.


KENDALL LAKE: Court Denies Approval of Plan Outline
---------------------------------------------------
The Hon. Robert A. Mark of the U.S. Bankruptcy Court for the
Southern District of Florida has denied approval of Kendall Lake
Towers Condominium Association, Inc.'s second amended disclosure
statement.

The Court finds that this case should not proceed to balloting on a
Chapter 11 plan until some or all of the pending claims objections
are resolved, specifically the Debtor's objections to Claims 7, 8,
9, 10, 11 and 12.  The Debtor cannot file a further amended plan
and disclosure statement until some or all of the claims objections
are resolved and the Court grants the Debtor leave to proceed.

As reported by the Troubled Company Reporter on May 16, 2017, the
Debtor's latest disclosure statement for its proposed Chapter 11
plan of reorganization created a separate class for disputed
general unsecured claims, and classified the secured claim of
Miami-Dade County RER in Class 2.  Disputed general unsecured
claims in Class 4 would be paid into escrow and held by the
association in a separate account pending allowance or disallowance
of the claims.  Holders of Class 4 claims would receive a dividend
of 75%.  

                   About Kendall Lake Towers

Kendall Lake Towers Condominium Association, Inc., sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D.
Fla., Case No. 16-12114) on Feb. 16, 2016.  The Petition was signed
by Frank Landrian, Manager.  The Debtor is represented by Joel M.
Aresty, Esq., at Joel M. Aresty, PA. At the time of the filing, the
Debtor estimated its assets and debts at $500,001 to $1 million.

Guy Gebhardt, acting U.S. trustee for Region 21, on May 3, 2016,
appointed three creditors of Kendall Lake Towers Condominium
Association, Inc., to serve on the official committee of unsecured
creditors.  The committee members are: (1) Lisa M. Castellano,
Esq., at Becker & Poliakoff, P.A.; (2) Andres Cuevas of York Miami
Holdings, LLC, as Assignee of Cuevas & Associates, PA; and (3)
Santiago J. Muinos, Esq. of Muinos & Morales, PL.


KLD ENERGY: Wants Until August 31 to File Amended Plan
------------------------------------------------------
KLD Energy Technologies, Inc. asks the U.S. Bankruptcy Court for
the Western District of Texas to extend its exclusive period to
amend an "existing plan that has been accepted by each class of
claims or interest that are impaired by the plan" through August
31, 2017.

This is the Debtor's fifth extension motion.

The Debtor tells the Court that it has filed a Proposed Original
Chapter 11 Plan of Reorganization on May 13, 2016, and thereafter,
filed its Original Chapter 11 Plan of Reorganization, dated June 3,
2016. However, as of June 23, 2017, the Plan has not yet been
accepted by each class of impaired claims under the Plan.

The Debtor claims that it has made significant progress towards
liquidation through the sales process, which cumulated in the entry
of the Sale Order on Feb. 21, 2017. The Debtor also claims that it
was able to obtain the Court's approval on its Expedited Motion to
Compromise Controversy and Approve Settlement of Claims and Amend
December 9, 2016 Sale Order. Pursuant to the Asset Purchase
Agreement, the sale transaction to MyWay Group Co., Ltd. is to
close on or before April 30, 2017.

But, on June 14, 2017, the Debtor filed a Motion requesting
approval from the Court for its First Amendment to Amended and
Restated Purchase and Sale Agreement.

The Debtor anticipates filing a plan of liquidation to allow for
the appropriate distribution of proceeds as well as the
establishment of a liquidation trust to prosecute any causes of
action held by the Debtor. However, the approved sale to MyWay
Group Co., Ltd. requires closing documents that are still being
finalized.

                About KLD Energy Technologies

KLD Energy Technologies, Inc., which engages in the engineering,
development, and manufacturing of electric drive systems, sought
Chapter 11 protection (Bankr. W.D. Tex. Case No. 16-10345) on March
25, 2016.  The petition was signed by Mark Wabschall, chief
financial officer.  The case is assigned to Judge Christopher H.
Mott.  The Debtor estimated assets and debt of $10 million to $50
million.

The Debtor tapped Lynn H. Butler, Esq., at Husch Blackwell LLP, as
counsel.  

No trustees or examiners have been appointed, and no official
committees of creditors or equity interest holders have yet been
established.


LILY ROBOTICS: Wants Plan Filing Exclusivity Extended Thru Sept 25
------------------------------------------------------------------
Lily Robotics, Inc. requests the U.S. Bankruptcy Court for the
District of Delaware to extend by approximately 90 days the
exclusive periods during which to file a chapter 11 plan through
and including September 25, 2017, and to solicit acceptances of
such plan through and including November 24, 2017.

Absent the requested extension, the Debtor's Exclusive Periods will
terminate on June 26, 2017, and August 25, 2017, respectively.

The Debtor relates that from day one, its primary objective in this
case has been to maximize the value of its estate for the benefit
of its creditors and other stakeholders, including its pre-order
customers.

The Debtor and its professionals have made significant progress in
moving the case to a successful completion including spending
considerable time addressing numerous issues involving customers,
creditors, and other parties in interest. Notably, since the
Petition Date, the Debtor has, among other things:

     (a) procured postpetition financing that would include DIP
milestones pushing toward confirmation in September or October of
2017. The hearing to approve the Postpetition Loan Agreement on a
final basis is scheduled for June 27, 2017. The Final DIP Order
will include DIP Milestones that would require confirmation of a
plan by the end of September;

     (b) prepared and filed its Schedules of Assets and Liabilities
and Statement of Financial Affairs;

     (c) reached an agreement with Stripe, the Committee, and other
interested parties leading to the entry of the Final Cash
Management Order;

     (e) entered into asset purchase agreements with Mota Group,
Inc. and LR Acquisition, LLC for the sale of substantially all of
the Debtor's assets, and obtained the Court's approval of the sale
on June 20, 2017;

     (f) obtained Court orders to (i) retain certain professionals
and ordinary course professionals and (ii) establish procedures for
the interim compensation of professionals;

     (g) nearly completed a claims process; and

     (h) negotiated extensively with parties in interest including
the Creditors' Committee.

In addition, the Debtor notes that just recently, the Court has
entered an Order approving the Bar Date Motion, which, among other
things, established: (a) June 26, 2017, as the general bar date by
which creditors must file proofs of claim for prepetition date
claims, and (b) July 10, 2017 as a separate date by which customers
must file claims to seek refunds.

The Debtor claims that it has worked carefully and closely with
parties including the secured lenders, the Creditors' Committee,
Tilt, Stripe and GoerTek to resolve these issues. As a result, the
Debtor tells the Court that it is still working on a plan for this
chapter 11 case, but it will need several more months.

The Debtor contends that allowing the Exclusive Periods to lapse
now would defeat the very purpose of 11 U.S.C. section 1121 and
deprive the Debtor and its creditors of the benefit of a meaningful
and reasonable opportunity to negotiate and confirm a consensual
plan of reorganization.

The Debtor intends to use the extended Exclusive Periods to, among
other things, draft a proposed chapter 11 plan and disclosure
statement and negotiate with the Committee and other parties in
interest. As such, the Debtor submits that creditors will not be
prejudiced by an extension of the Exclusive Periods.

A hearing on the Debtor's Motion will be held on August 1, 2017 at
10:00 a.m. Objections must be filed by July 7.

                      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.


LIQUIDNET HOLDINGS: S&P Raises ICR to 'B+' on Improved Profile
--------------------------------------------------------------
S&P Global Ratings said it raised its issuer credit rating on
Liquidnet Holdings Inc. to 'B+' from 'B'.  The outlook is stable.
At the same time, S&P raised its senior secured debt rating to 'B+'
from 'B' and assigned a 'B+' issue rating on the company's proposed
$200 million senior secured first-lien term loan due in 2024.

"The upgrade follows Liquidnet's plan to issue a $200 million
senior secured term loan and use the proceeds to refinance the
existing term loan and finance the OTAS acquisition, as well as for
general corporate purposes", said S&P Global Ratings credit analyst
Olga Roman.  In S&P's view, this transaction supports recent
improvements in the company's financial risk profile.

As of March 31, 2017, Liquidnet's debt totaled $187.2 million,
consisting of a $150 million term loan, a $31 million operating
lease adjustment, and a $5.1 million contingent consideration
adjustment. Based on last-12-months EBITDA as of March 31, 2017,
Liquidnet's funds from operations (FFO)-to-debt and
debt-to-adjusted EBITDA ratios were 42% and 1.8x, respectively.
Pro forma for the new loan issuance, the company's FFO-to-debt and
debt-to-adjusted EBITDA ratios would be 33.5% and 2.3x,
respectively.

S&P's assessment of Liquidnet's business risk reflects S&P's
opinion that Liquidnet has a relatively narrow business focus in a
highly competitive electronic trading industry.  Additionally, S&P
believes that the company has high exposure to operational,
regulatory, and reputational risks.  Liquidnet's position as a
leading alternative trading system (ATS) provider that facilitates
large block equity trades primarily for buy-side institutional
investors and its well-diversified customer base only partly offset
these weaknesses.  In S&P's view, Liquidnet's fixed-income platform
and its investments in global execution and quantitative services
could improve the company's competitive advantage in the longer
run.  S&P also expects Liquidnet to benefit from the Markets in
Financial Instruments Directive (MiFID) II as the company will be
able to compete for a much larger commission wallet that was
previously inaccessible.

S&P's stable rating outlook on Liquidnet reflects S&P's expectation
that the company will operate with FFO to debt above 30% and debt
to EBITDA of 2x-3x while maintaining or improving its market
position in the next 12 months.

S&P could lower the ratings if Liquidnet's earnings decline and
cause the company's leverage metrics to weaken materially, or if
Liquidnet pursues an aggressive financial policy, causing its debt
to EBITDA to increase above 3x or FFO to debt to decline below 30%.
Additionally, S&P could lower the ratings if the company
encounters significant operational issues that could weaken its
market position.

Given the company's relatively narrow business focus and S&P's
current expectations for the company to reduce leverage, S&P
doesn't expect to raise the ratings over the next 12 months.


LUVU BRANDS: Registers Add'l 5M Shares Under 2015 Equity Plan
-------------------------------------------------------------
Luvu Brands, Inc., filed with the Securities and Exchange
Commission a registration statement on Form S-8 for the purpose of
registering 5,000,000 shares of its common stock which may be
issued upon exercise of grants made or to be made under its 2015
Equity Incentive Plan.  The Registration Statement also includes a
reoffer prospectus prepared in accordance with General Instruction
C of Form S-8 and in accordance with the requirements of Part I of
Form S-3.  This reoffer prospectus may be used by executive
officers and directors of the Company to offer and sell or
otherwise dispose of shares of its common stock issuable upon the
exercise of grants made up or to be made to them under the 2015
Plan.

The Company will not receive any proceeds from sales of shares by
selling security holders.

The Company's common stock is quoted on the OTC Markets OTCQB tier
under the symbol LUVU.  On June 22, 2017, the last sale price of
the Company's common stock was $0.05 per share.

A full-text copy of the Form S-8 prospectus is available at:

                      https://is.gd/yeVTUy

                        About Luvu Brands

Luvu Brands, Inc., formerly known as Liberator, Inc., is a
U.S.-based manufacturer that has built several brands in the
wellness, lifestyle and casual furniture and seating categories.
Its brands are headquartered in Atlanta in a 140,000 square foot
manufacturing facility.

Luvu Brands reported a net loss of $312,000 on $16.8 million of net
sales for the year ended June 30, 2016, compared to a net loss of
$474,000 on $15.6 million of net sales for the year ended
June 30, 2015.  

As of March 31, 2017, Luvu Brands had $3.59 million in total
assets, $5.66 million in total liabilities and a total
stockholders' deficit of $2.07 million.

Liggett & Webb, P.A., in Boynton Beach, Florida, issued a "going
concern" qualification on the consolidated financial statements for
the year ended June 30, 2016, citing that the Company has a net
loss of $312,000, a working capital deficiency of $2.4 million, and
an accumulated deficit of $9.2 million.  These factors raise
substantial doubt about the Company's ability to continue as a
going concern.


MAJORCA ISLES: Plan Confirmation Hearing on July 20
---------------------------------------------------
The Hon. A. Jay Cristol of the U.S. Bankruptcy Court for the
Southern District of Florida has conditionally approved the second
amended disclosure statement filed by Barry E. Mukamal, as Chapter
11 Trustee of Majorca Isles Master Association, Inc., on June 13,
2017, in connection with the plan of reorganization dated June 13,
2017.

A hearing on the final approval of the Disclosure Statement and
plan confirmation will be held on July 20, 2017, at 11:00 a.m.
Objections to the plan confirmation must be filed by July 6, 2017.

The deadline for fee applications is June 29, 2017.

                       About Majorca Isles

Majorca Isles Master Association, Inc., filed a Chapter 11 petition
(Bankr. S.D. Fla. Case No. 12-19056) on April 13, 2012, listing
under $1 million in both assets and debts.

Initially, the Court appointed Scott Brown as Chapter 11 Examiner.
Ultimately, on June 12, 2012, the Court entered an Order Directing
Appointment of Chapter 11 Trustee.  The U.S. Trustee then appointed
Barry E. Mukamal as the Debtor's Chapter 11 trustee, which
appointment was approved by the Court.


MANIX HOLDINGS: Case Summary & Unsecured Creditor
-------------------------------------------------
Debtor: Manix Holdings, LLC
        7491 West Irlo Bronson Highway
        Kissimmee, FL 34747

Business Description: Manix Holdings is a Florida Limited
                      Liability Company.

Chapter 11 Petition Date: June 26, 2017

Case No.: 17-04209

Court: United States Bankruptcy Court    
       Middle District of Florida (Orlando)

Debtor's Counsel: Roddy B Lanigan, Esq.
                  LANIGAN & LANIGAN PL
                  831 W. Morse Boulevard
                  Winter Park, FL 32789
                  Tel: (407) 740-7379
                  Fax: (407) 740-6812
                  E-mail: roddy.lanigan@laniganpl.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Jill Masoud of Brouse Hotel Group, LLC,
managing member of the Debtor.

The Debtor's list of top 20 unsecured creditors contains a single
entry: Broad & Cassel, P.A., as holding an unsecured claim of
$95,675.  

A full-text copy of the petition is available for free at
http://bankrupt.com/misc/flmb17-04209.pdf


MEDICO INT'L: Accell Audit & Compliance Casts Going Concern Doubt
-----------------------------------------------------------------
Medico International Inc. filed with the U.S. Securities and
Exchange Commission its annual report on Form 10-K, disclosing a
net loss of $920,010 on $6.54 million of revenue for the year ended
December 31, 2016, compared with net loss of $88,708 on $4.90
million of revenue for the year ended December 31, 2015.

Accell Audit & Compliance, P.A., in Tampa, Fla., states that the
Company has incurred net losses and negative working capital since
inception.  These factors, and the need for additional financing in
order for the Company to meet its business plans, raise substantial
doubt about the Company's ability to continue as a going concern.

At December 31, 2016, the Company had total assets of $2.08
million, total liabilities of $2.34 million, and $259,784 in total
stockholders' deficit.

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

                  http://bit.ly/2u3bbvp

Medico International Inc. through its subsidiary, Smile More
Holdings Pte. Ltd., owns and operates five dental clinics under the
Smile Central name in Singapore.  The company was founded in 2014
and is based in Las Vegas, Nevada.


MICHIGAN SPORTING: SDI USA Buying All IP Assets for $76K
--------------------------------------------------------
Michigan Sporting Goods Distribution, Inc., asks the U.S.
Bankruptcy Court for the Western District of Michigan to authorize
the sale of all intellectual property assets to SDI USA, LLC for
$76,102.

The Debtor commenced the case because it concluded that the best
way to maximize value for the benefit of all interested parties was
an orderly wind-down of its business.  In connection with its
retail operations, the Debtor developed and used the Intellectual
Property, which includes trademarks, domain names, customer
information, and related data, including, among other things, the
digital assets associated with the website operated by the Debtor
at http://www.mcsports.com/

In furtherance of the orderly wind-down of its business operations,
on March 21, 2017, the Debtor filed its application to retain and
employ Hilco IP Services, LLC, doing business as Hilco Streambank,
an expert in the marketing and sale of intellectual property
assets, as their intellectual property consultant.  

Since April 17, 2017, Hilco Streambank, with the assistance of the
Debtor's management and advisors, actively marketed Debtor's
Intellectual Property assets for sale.  A total of four purchase
offers were received by May 8, 2017 (the deadline Hilco Streambank
provided in its marketing materials for an interested entity to
submit a purchase offer).  Potential purchasers were able to submit
offers for all assets or for specific assets.  Hilco Streambank
then provided each of those four potential purchasers a chance to
submit their last and final offers.  Three submitted revised
offers.  

The Debtor determined in its business judgment, that the
Purchaser's bid was the highest and best offer.  The Purchaser
agreed to pay $76,102 for all of the Intellectual Property.  In
addition, it agreed to pay a $15,220 non-refundable deposit.  The
sale is on an "as is, where is" basis, free and clear of all liens,
claims, encumbrances, and interests.  The closing of the
transactions contemplated in the Agreement will take place at the
offices of Warner Norcross & Judd LLP, or at such other place as
the parties may agree on, within 2 business days of the Court
entering the Order.

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

          http://bankrupt.com/misc/Michigan_Sporting_469_Sales.pdf

The Debtor has consulted with the Office of the United States
Trustee for the Western District of Michigan regarding the proposed
sale of the Intellectual Property and the potential implications
such sale has with respect to the Debtor's privacy policy.  As a
result thereof, Debtor and the U.S. Trustee have agreed to the
appointment of a consumer privacy ombudsman.

There are sound business reasons to sell the Intellectual Property.
As Debtor is no longer operating its stores, it no longer has any
need for the Intellectual Property.  The sale proceeds will provide
income to the bankruptcy estate.  The purchase price is fair.  As
noted, Hilco Streambank engaged in a robust marketing campaign and
received and evaluated multiple offers.  The Purchaser's offer is
the highest and best offer.  The sale transaction has been
negotiated in good faith-as noted above, this is an arms'-length
transaction among disinterested parties.  Finally, adequate and
reasonable notice is being provided to parties in interest under
Rule 2002.  Accordingly, the Debtor asks the Court to approve the
relief sought.

As time is of the essence to close the Sale, the Debtor asks the
Court to waive the 14-day stay period under Rule 6004(h).

The Purchaser can be reached at:

          Dan Bliss, CFO
          SDI USA, LLC
          160 Corporate Court
          Meriden, CT 06450
          E-mail: dbliss@bobstores.com.

                    About Michigan Sporting
                    Goods Distribution, Inc.

Michigan Sporting Goods Distributors, Inc., is a retail sporting
goods chain based in Grand Rapids, Michigan.  It filed a Chapter
11
petition (Bankr. W.D. Mich. Case No. 17-00612) on Feb. 14, 2017.
Bruce Ullery, president and chief executive officer, signed the
petition.  The Debtor estimated $50 million to $100 million in
assets and liabilities.

Judge John T. Gregg presides over the case.

Robert Michael Azzi, Esq., Stephen B. Grow, Esq., and Elisabeth M.
Von Eitzen, Esq., at Warner Norcross & Judd LLP, serve as
bankruptcy counsel to the Debtor.  Berkeley Research Group, LLC, is
the Debtor's financial advisor.

On Feb. 21, 2017, the Office of the U.S. Trustee for Region 9,
formed an Official Committee of Unsecured Creditors, consisting of:
(i) Nike USA, Inc.; (ii) Under Armor, Inc.; (iii) Columbia
Sportswear; (iv) The Burton
Corporation; (v) Indian Industries, Inc. dba Escalade Sports; (vi)
Wilson Sporting Goods Co.; and (vii) GGP Limited Partnership.

Cooley LLP, is serving as lead counsel to the Committee; Miller
Canfield,
P.L.C. is Michigan counsel; and Province Inc., is the financial
advisor.


MICROVISION INC: Cancels 'At-The-Market' Sale Pact with Brinson
---------------------------------------------------------------
MicroVision, Inc., delivered a notice of termination under the
At-The-Market Sales Issuance Agreement dated May 1, 2017, between
the Company and IFS Securities, Inc. (doing business as Brinson
Patrick, a division of IFS Securities, Inc.) as sales agent.  

The Sales Agreement is terminable without penalty at the Company's
election.  Pursuant to the terms of the Sales Agreement,
termination of the Sales Agreement was effective on June 17, 2017.
The Sales Agreement entitled the Company to issue and sell, from
time to time, up to an aggregate of $5 million in shares of its
common stock, par value $0.001 per share, through Brinson Patrick.

Through June 13, 2017, the Company has sold approximately 1.7
million shares of Common Stock for an aggregate offering price of
approximately $3.7 million.

As a result of the termination of the Sales Agreement, there will
be no further sales of Common Stock thereunder.


                        About MicroVision
  
Redmond, Washington-based MicroVision, Inc. --
http://www.microvision.com/-- is developing its PicoP(R) display
technology that can be adopted by its customers to create
high-resolution miniature laser display and imaging modules.  This
PicoP display technology incorporates the company's patented
expertise in two-dimensional Micro-Electrical Mechanical Systems
(MEMS), lasers, optics and electronics.

MicroVision reported a net loss of $16.47 million for the year
ended Dec. 31, 2016, compared to a net loss of $14.54 million for
the year ended Dec. 31, 2015.  As of March 31, 2017, MicroVision
had $14.82 million in total assets, $12.67 million in total
liabilities and $2.15 million in total stockholders' equity.

Moss Adams LLP, in Seattle, Washington, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2016, citing that the Company has incurred losses
from operations and has an accumulated deficit, which raises
substantial doubt about its ability to continue as a going concern.


MILLERS HERITAGE: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: Millers Heritage Landscape LLC
          dba Heritage Landscape, LLC
        5956 NW 9 Highway
        Parkville, MO 64152

Case No.: 17-50265

Business Description: Millers Heritage Landscape is a landscaping
                      company in Parkville, MO.  The Company  
                      provides arbor construction services,        
       
                      artificial grass installation, brick and
                      stone driveway installation, brick or stone
                      driveway repair, brush removal, decorative
                      wall construction, drainage systems   
                      construction and installation, drip  
                      irrigation installation, erosion control,
                      fire pit installation, fish pond
                      construction, fish pond design, flower
                      planting and garden design.

Chapter 11 Petition Date: June 26, 2017

Court: United States Bankruptcy Court
       Western District of Missouri (St. Joseph)

Judge: Hon. Arthur B. Federman

Debtor's Counsel: Erlene W. Krigel, Esq.
                  KRIGEL & KRIGEL, P.C.
                  4520 Main Street, Suite 700
                  Kansas City, MO 64111
                  Tel: 816-756-5800
                  Fax: 816-756-1999
                  E-mail: ekrigel@krigelandkrigel.com

Total Assets: $491,683

Total Liabilities: $2.19 million

The petition was signed by Michael Perdue, managing member of
Debtor.

The Debtor's list of 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/mowb17-50265.pdf


MONTCO OFFSHORE: Taps Houlihan Lokey as New Financial Advisor
-------------------------------------------------------------
Montco Offshore, Inc. and Montco Oilfield Contractors, LLC seek
approval from the U.S. Bankruptcy Court for the Southern District
of Texas to hire Houlihan Lokey Capital, Inc. as their new
financial advisor and investment banker.

The firm will replace Blackhill Partners, LLC whose employment was
approved by the court solely for the period March 17 to May 18,
2017.  Houlihan will provide these services:

     (a) assist the Debtors in the development and distribution of

         selected information, documents and other materials;

     (b) assist the Debtors in evaluating indications of interest
         and proposals regarding any transaction from current or
         potential lenders, equity investors, acquirers and
         strategic partners;

     (c) assist the Debtors in the negotiation of any transaction;

     (d) provide expert advice and testimony regarding financial
         matters related to any transaction;

     (e) attend meetings of the Debtors' creditor groups, official

         constituencies and other interested parties;

     (f) support management with cash flow forecasts, including
         variance analysis and other reporting and requirements;

     (g) assist with the compilation of financial analyses for
         discussions and negotiations with lenders and their
         advisors and other stakeholders; and

     (h) provide support and analysis for the disclosure statement

         and plan of reorganization.

Houlihan will be paid in advance a nonrefundable cash fee of
$150,000 per month.  Under the employment agreement, $50,000 of
each monthly fee previously paid on a timely basis to the firm will
be credited against the restructuring transaction fee to which the
firm becomes entitled, except that in no event will  such
transaction fee be reduced below zero.

Upon confirmation of a plan of reorganization or liquidation of
Montco Offshore Inc., Houlihan will be paid a restructuring
transaction fee of $1.7 million less the monthly fee credits, 100%
of any sale transaction fees, and 50% of any financing transaction
fee.

In the case of a sale transaction, Houlihan will be paid a cash fee
of $1.2 million.  For each additional sale transaction, there will
be an incremental sale transaction fee of $250,000.

In the case of a financing transaction, Houlihan will be paid a
cash fee equal to the sum of (i) 3% of the gross proceeds of any
indebtedness raised or committed that is senior to other
indebtedness of the Debtors, secured by a first priority lien and
unsubordinated, with respect to both lien priority and payment, to
any other obligations of the Debtors or any indebtedness raised or
committed that is secured by a lien (other than a first lien), is
unsecured or is subordinated; and (ii) 5% of the gross proceeds of
all equity or equity-linked securities placed or committed.

Adam Dunayer, managing director of Houlihan, disclosed in a court
filing that his firm does not hold or represent any interest
adverse to the Debtors' estate.

The firm can be reached through:

     Adam Dunayer
     Houlihan Lokey Capital, Inc.
     100 Crescent Court, Suite 900
     Dallas, TX 75201
     Tel: 214-220-8470
     Fax: 214-220-3808

                     About Montco Offshore

Based in Galliano, Louisiana, Montco Offshore, Inc. --
http://www.montco.com/mo--  was founded by the Orgeron family in
1948.  Over its 60+ years, the Company has served the offshore
energy industries with crew boats, ocean-going tugs, deck barges,
supply boats, and liftboats. Currently, Montco specializes in
liftboats ranging in size from 235 feet to 335 feet which provide
the best quality and safety of service for customers requiring
versatile elevated vessels/work-platforms.  Montco has total fleet
of six vessels includes (a) two 335' class liftboats, known as (i)
"Robert," which was unveiled in the first quarter of 2012, and (ii)
"Jill," which was completed in 2014; (b) two 245' class liftboats,
known as (i) "Kayd," which was completed in 2006, and (ii)
"Myrtle;" which was completed in 2002; and (c) two 235' class
liftboats, each completed in 2009, known as (i) "Paul," and (ii)
"Caitlin."

Montco Offshore, Inc. and its affiliate Montco Oilfield
Contractors, LLC, filed Chapter 11 petitions (Bankr. S.D. Tex. Lead
Case No. 17-31646) on March 17, 2017.  The petitions were signed by
Derek C. Boudreaux, the CFO.  

As of the Petition Date, on a book basis, Montco Offshore had an
aggregate of approximately $265 million in total assets and
approximately $136 million in total liabilities.  MO Contractors
had approximately $84 million in total assets (which are mostly
made up of receivables) and approximately $126 million in total
liabilities.  

As of the Petition Date, the Debtors estimate that $5.3 million was
due and owing to holders of prepetition trade claims against MO
Contractors, and $75 million was due and owing to holders of
prepetition trade claims against MO Contractors, not including the
intercompany obligations.

The cases are assigned to Judge Marvin Isgur.

DLA Piper LLP (US) is serving as the Debtors' bankruptcy counsel,
with the engagement led by Vincent P. Slusher, Esq., David E.
Avraham, Esq., and Adam C. Lanza, Esq.

Blackhill Partners, LLC, is the Debtors' financial advisor and
investment broker, with Joe Stone, Todd Heinz, and Tripp Ballard
leading the engagement.

BMC Group, Inc., is the claims & noticing agent.

On March 29, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  Porter Hedges LLP is
serving as counsel to the Creditors Committee, with the engagement
led by John F Higgins, IV, Joshua W. Wolfshohl, and Eric Michael
English.


MT YOHAI: Sale of L.A. Property to DCM P-8 for $1.79M Approved
--------------------------------------------------------------
Judge Catherine Bauer of the U.S Bankruptcy Court for the Central
District of California authorized Mt Yohai, LLC's private sale of
its interests in the real property located at 2521 Nottingham
Avenue, Los Angeles, California, consisting of a single family
residence and improvements, including any and all improvements
thereto to DCM P-8, LLC for $1,793,202.

A hearing on the Motion was held on June 21, 2017 at 10:00 a.m.

The sale is free and clear of all Interests if all monies owed to
Genesis, Bowery Design and Development, and the Los Angeles County
Treasurer-Tax Collector is paid through escrow.

Within three days of entry of the Order, the Buyer will commence
monthly adequate protection payments to Genesis at the daily rate
of $238 ($7,150 per month) on Genesis' outstanding prepetition
claim until closing.

The 14-day stay set forth in Bankruptcy Rule 6004(h) is waived.

                    About MT Yohai, LLC

Mt Yohai, LLC, a Delaware Limited Liability Company, headquatered
at Newport Beach, filed a Chapter 11 petition (Bankr. C.D. Cal.
Case No. 16-15157) on Dec. 21, 2016.  The petition was signed
by Jeffrey Yohai, managing member.  The Hon. Catherine E. Bauer
presides the case.  The Debtor estimated assets and liabilities
between $1 million and $10 million.


MULTICARE HOME: July 10 PCO Appointment Hearing Set
---------------------------------------------------
Judge Stacey G. C. Jernigan of the U.S. Bankruptcy Court for the
Northern District of Texas sets a hearing on July 10, 2017, to
determine the issue of whether or not a patient care ombudsman will
be appointed for Multicare Home Health Services, LLC.

The Order to show cause regarding the appointment of a patient care
ombudsman for the Debtor is made pursuant to 11 U.S.C. Sec.
333(a)(1), where the Court will order the appointment of a patient
care ombudsman within 30 days after the commencement of the
bankruptcy case, unless the Court finds that the appointment of
such ombudsman is not necessary for the protection of patients
under the specific facts of the case.

The Court further ordered the Debtor to furnish the following
information to the governmental regulatory authority at the time of
service of the Order:

     (a) all license numbers or other regulatory identification
numbers;

     (b) all DBAs or trade names under which the Debtor operates;
and

     (c) the location of all of the Debtor's operating facilities,
including street and P.O. Box addresses.

            About Multicare Home

Multicare Home Health Services, LLC filed a Chapter 11 petition
(Bankr. N.D. Tex. Case No. 17-32419) on June 21, 2017, and is
represented by Eric A. Liepins, Esq., in Dallas, Texas.

At the time of filing, the Debtor had $0 to $50,000 in estimated
assets and $1 million to $10 million in estimated liabilities.

The petition was signed by Gloria Wilson, managing member.

The Debtor's list of six unsecured creditors is available for free
at http://bankrupt.com/misc/txnb17-32419.pdf


NAHID M F: Needs Until October 25 to Solicit Plan Acceptances
-------------------------------------------------------------
Nahid M F International, Inc. requests the U.S. Bankruptcy Court
for the Southern District of Florida to extend its exclusivity
period to solicit acceptance of a plan of reorganization by an
additional 120 days through October 25, 2017.

The Debtor relates that it has already filed and served its First
Amended Disclosure Statement and the First Amended Plan on all
interested parties and creditors. The Debtor also says ballots have
been sent out.

The Debtor asserts that it needs additional time to solicit Plan
votes, otherwise, it will have to seek confirmation of the Plan via
the cramdown provision of the Bankruptcy Code.

The Debtor also claims that this is the first time it request for
an extension.

                 About Nahid M F International

Nahid M F International, Inc., is a drive through Farm Store that
sells groceries, convenience items, candy, and beer.  The Debtor
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
S. D. Fla. Case No. 16-24969) on Nov. 5, 2016.  The petition was
signed by Mohammed Faruk, president.   At the time of the filing,
the Debtor estimated assets and liabilities of less than $50,000.
Judge John K. Olson presides over the case.  Dsouza Law Group, P.A.
represents the Debtor as bankruptcy counsel.

On April 3, 2017, the Debtor filed a disclosure statement, which
explains its proposed Chapter 11 plan of reorganization.  According
to the Plan, each holder of an Allowed Class III General Unsecured
Claim will receive, in full and final satisfaction of their
respective claims, a pro rata share of $500 per quarter for
payments one through 20 to be paid from the new value payment of
the Debtor, pursuant to the payment schedule established in the
Debtor's Disclosure Statement.  Funds to be used to make cash
payments under the Plan will derive from income generated from
retail sales of groceries, cigarettes and beer from the Farm Store.
The Disclosure Statement is available at:

          http://bankrupt.com/misc/flsb16-24969-49.pdf

The U.S. Bankruptcy Court for the Southern District of Florida will
consider confirmation of the Chapter 11 plan at a hearing on July
25.


NATIONAL TRUCK: Case Summary & Largest Unsecured Creditors
----------------------------------------------------------
Affiliated debtors that simultaneously soughtChapter 11
protection:

     Debtor                                       Case No.
     ------                                       --------
     National Truck Funding, LLC                  17-51243
     9140 Canal Road, Ste. 100
     Gulfport, MS 39503

     American Truck Group, LLC                    17-51244
     9140 Canal Road, Ste. 100
     Gulfport, MS 39503

Type of Business: Headquartered in Gulfport, Mississippi,
                  National Truck Funding, LLC retails and rents
                  trucks.  National Truck operates as
                  a subsidiary of American Truck Group.

                  Web sites: http://nationaltruckfunding.com
                             http://americantruckgroup.com

Chapter 11 Petition Date: June 25, 2017

Court: United States Bankruptcy Court
       Southern District of Mississippi
       (Gulfport-6 Divisional Office)

Judge: Hon. Katharine M. Samson

Debtors' Counsel: William P. Wessler, Esq.
                  WESSLER LAW FIRM
                  1624 24th Avenue
                  PO Box 175
                  Gulfport, MS 39502
                  Tel: 228-863-3686
                  Fax: 228-863-7877
                  E-mail: wwessler@cableone.net

                                        Estimated   Estimated
                                          Assets   Liabilities
                                       ----------  -----------
National Truck Funding                  $10M-$50M   $10M-$50M
American Truck Group                     $1M-$10M    $1M-$10M

The petitions were signed by Louis J. Normand, Jr., manager.

The petitions are available for free at:

         http://bankrupt.com/misc/mssb17-51243.pdf
         http://bankrupt.com/misc/mssb17-51244.pdf

List of National Truck Funding's 16 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Capital Volvo Truck & Trailer                            $48,316

Charlotte Otis                      EEOC Complaint            $0

Corporate Billing, Inc.                                  $11,321

Empire Truck Sales LLC                                    $2,062

Ernest Major, Inc.                      Lawsuit               $0

Fleet Pride                                               $1,033

Gear & Axle Mobile                                        $5,024

Gear Shop, Inc.                                           $2,863

Global Parts, Inc.                                           $11

Inland Kenworth (US) Inc.                                 $4,666

Interstate Billing Service                                $7,220

Kevin C. Faerber                   Lawsuit                    $0

Middle GA Freightliner                                    $7,511

Peterbilt of Atltanta                                    $21,098

Pride Staff                                                  $29

Vanguard Truck Center-Phoenix                             $1,675

List of American Truck Group's 19 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Automann                                                     $160

Capital Volvo Truck & Trailer                              $7,341

Corporate Billing, Inc.                                      $703

Empire Truck Sales                                            $73

Fleet Pride                                                  $451

FML Trans, LLC                    Trade Practices              $0
                                    Act Lawsuit

G&K Services                      Uniform Services             $0
                                     Agreement

Gear & Axle of Mobile                                      $2,728

Global Parts, Inc.                                         $1,379

Inland Kenworth Phoenix                                      $402

Interstate Billing Service                                    $67

Kwende Lavell Hodges                  Lawsuit                  $0

Middle GA Freightliner                                       $144

North Georgia Tire                                           $809

Peterbilt of Atlanta                                       $5,647

Roberts Tire Sales, Inc.                                     $548

Threaded Fasteners, Inc.                                   $1,242

Vanguard Truck of Phoenix                                    $164

VFS US                                                    $10,109


NEW YORK CRANE: Approval of Perry Mandarino as Trustee Sought
-------------------------------------------------------------
The United States Trustee, William K. Harrington, asks the U.S.
Bankruptcy Court for the Eastern District of New York to enter an
order approving the appointment of Perry Mandarino, as the Chapter
11 Trustee of the estate of Debtor, James F. Lomma, in an
individual bankruptcy case, with Case No. 16- 40048 (CEC).

The individual case of James Lomma is included in the Chapter 11
bankruptcy case, captioned, In re New York Crane & Equipment Corp.,
et al.

The United States Trustee said he attempted to consult with each of
the following parties-in-interest regarding the appointment of the
Chapter 11 Trustee:

     (a) Kevin J. Nash, Esq., Counsel to the Debtors;
     (b) Neil Berger, Esq., Counsel to the Committee;
     (c) Bernadette Panzella, Esq., Counsel to Bernadette Panzella,
P.C.;
     (d) Jeffrey K. Cymbler, Esq., Counsel to the New York State
Department of Taxation and Finance;
     (e) Gregory T. Casamento, Esq., Counsel to the Estate of
Donald Leo
     (f) Susan Karten, Esq., Counsel to the Estate of Ramadan
Kurtaj
     (g) Tracy L. Klestadt, Esq., Counsel to Sumitomo Mitsui
Finance and Leasing Co., Ltd.; and
     (h) Mark D. Silverschotz, Esq., Counsel to Sorbara
Construction Corp.

Mr. Mandarino assured the Court that he is a "disinterested person"
as defined under the Bankruptcy Code.

                 About New York Crane

New York Crane & Equipment Corp., J.F. Lomma Inc. (De.), J.F. Lomma
Inc. (N.J.), and James F. Lomma filed Chapter 11 bankruptcy
petitions (Bankr. E.D.N.Y. Lead Case No. 16-40043) on Jan. 6,
2016.

The corporate Debtors operate crane, trucking and rigging companies
doing business in New York City and other parts of the country. The
petitions were signed by James F. Lomma as president.  New York
Crane & Equipment disclosed total assets of $9.8 million and total
debts of $22.05 million.  Judge Carla E. Craig presides over the
cases.

The Debtors have hired Goldberg Weprin Finkel Goldstein LLP as
their counsel; LaMonica Herbst & Maniscalco, LLP as special
counsel; Robert L. Friedbauer CPA PC as accountant; Marcum LLP as
financial advisor; and Pro Star Pilatus Center LLC as Broker in
relation to an Aircraft Remarketing Agreement.

James Lomma is the president and sole shareholder of the corporate
Debtors. The Debtors employ LaMonica Herbst & Maniscalco, LLP as
special litigation and conflicts counsel to James F. Lomma.

On February 12, 2016, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  The committee tapped
Togut, Segal & Segal LLP as its counsel.

On December 9, 2016, the Debtors filed an amended disclosure
statement, which explains their proposed Chapter 11 plan of
reorganization. The plan proposes to pay general unsecured
creditors in full.


NFP CORP: S&P Affirms 'B' CCR; Outlook Stable
---------------------------------------------
S&P Global Ratings said it affirmed its 'B' corporate credit rating
on NFP Corp. and NFP Parent Co, LLC.  The outlook is stable.  S&P
also affirmed its 'CCC+' issue-level rating and '6' recovery rating
on the company's unsecured debt, indicating S&P's expectation for a
negligible recovery (0%-10%).

At the same time, S&P has lowered its issue rating on the company's
senior secured debt rating to 'B' from 'B+' and revised the
recovery rating to '3', indicating S&P's expectation for meaningful
recovery (50%-70%; rounded estimate: 55%), from '2' (70%-90%).

"The ratings affirmation reflects our view that, although NFP's
credit protection measures will deteriorate modestly following the
incremental issuance, they remain within our expectations." said
Julie Herman S&P Global Ratings credit analyst  S&P also projects
modest deleveraging through the year as NFP uses cash proceeds from
the issuance for acquisitions in the next year.  The recovery
rating revision reflects the increased senior secured debt, which
lowers S&P's senior secured recovery to a '3' from a '2'.

The stable outlook reflects S&P's expectation that NFP will
continue to profitably grow earnings and cash flow organically and
through acquisitions.  S&P expects a slight improvement in EBITDA
margins of 25%-30% in the next 12 months, reflecting a
more-profitable business mix resulting from the sale of its
advisory services business.  S&P expects revenue growth of about
15%-20% in 2017-2018 supported by low-single-digit organic and
robust acquisition growth in the U.S. middle-market brokerage
sector.  S&P also expects debt to EBITDA of 6.5x-7.5x (including
annualized earnings from closed acquisitions throughout the year)
and EBITDA interest coverage above 2x over the next year.

S&P could lower the ratings in the next 12 months if NFP increases
leverage above 7.5-8.0x and coverage falls below 2x.  This could
occur if management takes a more-aggressive approach to financial
policy than S&P anticipates and/or through performance
deterioration.  S&P could also lower the rating if NPF's business
profile weakens as shown by declining revenues and margins, which
could come from poor execution of its acquisition strategy,
operational inefficiencies, and producer and client attrition.

Although unlikely in the next 12 months, S&P may raise its ratings
f NFP's financial policies become less aggressive, for example, if
it can reduce debt to EBITDA to 5.0x or less and sustain EBITDA
interest coverage above 3.0x.


NORTHERN POWER: Signs 3-Year Lease for Office Space in Vermont
--------------------------------------------------------------
Northern Power Systems Corp entered into a lease agreement with
Malone 29 Pitman Road Properties, LLC, a Vermont Limited Liability
Company, for certain premises consisting of a total of
approximately 115,000 square feet of space in a building located at
29 Pitman Road, Bare, VT.  Under the Lease, the Company is leasing
61,600 square feet of the Premises to serve as a manufacturing and
office site.  The Lease term will commence on Aug. 1, 2017, and
expires July 31, 2020, unless earlier terminated, with an option to
extend the Lease term for a single, three-year period.  Pursuant to
the terms of the Lease, the monthly base rent will be $25,666.67,
subject to modest annual increases.  In addition to rent, the
Company agreed to pay a portion of the taxes and certain utility,
maintenance and other operating costs paid or accrued in connection
with the operation of the property.  The Lease includes customary
provisions providing for late fees for unpaid rent, Landlord access
to the property, insurance obligations and events of default.

                  About Northern Power Systems

Northern Power Systems -- http://www.northernpower.com/-- designs,
manufactures, and sells wind turbines and power technology
products, and provides engineering development services and
technology licenses for energy applications, into the global
marketplace from its U.S. headquarters and European offices.

As of March 31, 2017, Northern Power had $22.38 million in total
assets, $26.09 million in total liabilities and a total
shareholders' deficiency of $3.71 million.  

Northern Power reported a net loss of $8.94 million for the year
ended Dec. 31, 2016, following a net loss of $7.79 million for the
year ended Dec. 31, 2015.


OCEAN RIG: Ch. 15 Recognition Hearing Set for August 16
-------------------------------------------------------
Simon Appell and Eleanor Fisher, as joint provisional liquidators
for Ocean Rig UDW Inc. et al., have petitioned the U.S. Bankruptcy
Court for the Southern District of New York for recognition of the
provisional liquidation and scheme of arrangement proceedings of
the Debtors pending in the Cayman Islands under Chapter 15 of the
Bankruptcy Code.

A hearing on the petition will be held before the Hon. Martin Glenn
in Room 523, One Bowling Green, New York, New York, on Aug. 16,
2017, at 10:00 a.m. (Eastern) and will continue, if necessary, on
Aug. 17, 2017, at 10:00 a.m. (Eastern).

Objections, if any, must be (i) filed with the Court on or before
July 10, 2017, (ii) delivered to the chambers of Judge Glenn, and
served upon the petitioners' counsel at:

   Evan C. Holland, Esq.
   William Haft, Esq.
   Raniero, D'Aversa, Jr., Esq.
   Orrick, Herrington & Sutcliffe LLP
   51 West 52nd Street
   New York, NY 10019
   Tel: +1 212 506 5145 / +1 212 506 3715
   Email: echollander@orrick.com
          whaft@orrick.com
          rdaversa@orrick.com

                     About Ocean Rig UDW Inc.

Ocean Rig. (NASDAQ: ORIG)  -- http://www.ocean-rig.com/-- is an  
international offshore drilling contractor providing oilfield
services for offshore oil and gas exploration, development and
production drilling, and specializing in the ultra-deepwater and
harsh-environment segment of the offshore drilling industry.

On March 24, 2017, the Debtors filed winding up petitions with the
Cayman Court and issued summonses for the appointment of joint
provisional liquidators for the purpose of the Restructuring.  By
orders of the Cayman Court dated March 27, 2017, Simon Appell and
Eleanor Fisher were appointed as the JPLs and duly authorized
foreign representatives, and the Cayman Provisional Liquidation
Proceedings were commenced.

Simon Appell and Eleanor Fisher of AlixPartners, LLP, in their
capacities, as the joint provisional liquidators and authorized
foreign representatives, filed for Chapter 15 protection for Ocean
Rig and its affiliates (Bankr. S.D.N.Y. Lead Case No. 17-10736) to
seek recognition of the Cayman proceedings.

The JPLs' U.S. counsel are Evan C. Hollander, Esq., and Raniero
D'Aversa Jr., Esq., at Orrick, Herrington & Sutcliffe LLP, in New
York.


OMEROS CORP: Files Infringement Suits Against Sandoz & Lupin
------------------------------------------------------------
Omeros Corporation filed on June 21, 2017, a patent infringement
lawsuit in the U.S. District Court for the District of Delaware and
a patent infringement lawsuit in the U.S. District Court for the
District of New Jersey against Sandoz Inc. and on June 22, 2017,
Omeros filed a patent infringement lawsuit in the U.S. District
Court for the District of Delaware and a patent infringement
lawsuit in the U.S. District Court for the District of New Jersey
against Lupin Ltd. and Lupin Pharmaceuticals, Inc.

The lawsuits were filed under the Hatch-Waxman Act for Sandoz's and
Lupin's respective alleged infringement of six Omeros patents: U.S.
Patent Nos. 8,173,707, 8,586,633, 9,066,856, 9,278,101, 9,399,040
and 9,486,406, which relate to Omeros' drug OMIDRIA' (phenylephrine
and ketorolac injection) 1%/0.3% and which are listed in the
Approved Drug Products with Therapeutic Equivalence Evaluations,
known as the Orange Book, published by the U.S. Food and Drug
Administration, or FDA.  The lawsuits were filed in response to
Notice Letters Omeros received from Sandoz and Lupin that each
company had filed an Abbreviated New Drug Application, or ANDA,
containing a Paragraph IV Certification under the Hatch-Waxman Act
and seeking approval from the FDA to market a generic version of
OMIDRIA prior to the expiration of the six Orange Book-listed
patents for OMIDRIA.  These patents were granted following review
by the U.S. Patent and Trademark Office, are presumed to be valid
under governing law, and can only be invalidated in federal court
with clear and convincing evidence.

Under the Hatch-Waxman Act, Omeros was permitted to file suit
within 45 days from its receipt of each Notice Letter and thereby
trigger a 30-month stay of the FDA's approval of the respective
ANDAs.  Each stay is expected to remain in effect until November
2019.  The assertions raised in Sandoz's and Lupin's Paragraph IV
Notice Letters are substantially similar to those raised by Par
Pharmaceutical, Inc. and its subsidiary Par Sterile Products, LLC,
which we refer to collectively as Par, in Omeros' current patent
litigation against Par.  Omeros believes the assertions in the
Sandoz and Lupin Paragraph IV Notice Letters do not have merit, and
Omeros intends to vigorously prosecute its infringement claims
against Sandoz and Lupin.

                       About Omeros Corp

Omeros Corporation -- http://www.omeros.com/-- is a
biopharmaceutical company committed to discovering, developing and
commercializing both small-molecule and protein therapeutics for
large-market as well as orphan indications targeting inflammation,
coagulopathies and disorders of the central nervous system.

Omeros reported a net loss of $66.74 million for the year ended
Dec. 31, 2016, compared to a net loss of $75.09 million for the
year ended Dec. 31, 2015.

Ernst & Young LLP, in Seattle, Washington, issued a "going concern"
opinion on the consolidated financial statements for the year ended
Dec. 31, 2016, noting that the Company has recurring losses from
operations and has a net capital deficiency that raise substantial
doubt about its ability to continue as a going concern.


OMEROS CORP: Two Class II Directors Elected by Shareholders
-----------------------------------------------------------
The 2017 annual meeting of Omeros Corporation was held on June 16,
2017, at which the shareholders:

   (1) elected Thomas J. Cable and Peter A. Demopulos, M.D.
       as Class II directors, each to serve until the 2020 Annual
       Meeting of Shareholders and until his successor is duly
       elected and qualified, or until his earlier death,
       resignation or removal;

   (2) approved, on an advisory basis, the compensation of Omeros'
       named executive officers as reported in the proxy statement
       for the 2017 Annual Meeting of Shareholders;

   (3) approved, on an advisory vote, the holding of future
       advisory votes regarding the compensation of Omeros' named
       executive officers every three years;

   (4) approved the 2017 Plan; and

   (5) ratified the appointment of Ernst & Young LLP as Omeros'
       independent registered public accounting firm for the
       fiscal year ending Dec. 31, 2017.

Based on these results and consistent with its recommendation in
the proxy statement for the 2017 Annual Meeting of Shareholders,
Omeros' Board of Directors has determined to hold an advisory vote
on the compensation of its named executive officers once every
three years.

                        About Omeros Corp

Omeros Corporation -- s www.omeros.com -- is a biopharmaceutical
company committed to discovering, developing and commercializing
both small-molecule and protein therapeutics for large-market as
well as orphan indications targeting inflammation, coagulopathies
and disorders of the central nervous system.

Omeros reported a net loss of $66.74 million for the year ended
Dec. 31, 2016, compared to a net loss of $75.09 million for the
year ended Dec. 31, 2015.

Ernst & Young LLP, in Seattle, Washington, issued a "going concern"
opinion on the consolidated financial statements for the year ended
Dec. 31, 2016, noting that the Company has recurring losses from
operations and has a net capital deficiency that raise substantial
doubt about its ability to continue as a going concern.


OMINTO INC: All 6 Director Nominees Elected by Stockholders
-----------------------------------------------------------
On June 20, 2017, Ominto, Inc., held its annual meeting of
stockholders at which Michael Hansen, Gary S. Baughman, Gregory J.
Newell, Mitchell C. Hill, Peter H. Harris and Jaye Connolly-Labelle
were elected as directors to serve one-year terms.  The
stockholders also approved the Ominto, Inc. 2017 Omnibus Incentive
Plan, which Plan became effective immediately upon stockholder
approval.

Upon the effectiveness of the 2017 Plan, the Company awarded stock
options to two current directors as follows: (i) Mitch Hill
received an option to purchase up to 150,000 shares of common
stock, in connection with his appointment as executive chairman of
the Company on June 20, 2017, and (ii) Gregory Newell received an
option to purchase up to 20,000 shares of common stock, in
connection with his appointment as Chairman of the Company's
Business Development Committee.  Both options vest over 36 months,
are exercisable at $7.26 per share and expire on June 20, 2027.

                       About Ominto, Inc.

Ominto, Inc. is an e-commerce company delivering value-based
shopping and travel deals through its primary shopping platform and
affiliated Partner Program websites.  At DubLi.com or at Partner
sites powered by Ominto.com, consumers shop at their favorite
stores, save with the best coupons and deals, and earn Cash Back
with each purchase.  The Ominto.com platform features thousands of
brand name stores and industry-leading travel companies from around
the world, providing Cash Back savings to consumers in more than
120 countries.  Ominto's Partner Programs offer a white label
version of the Ominto.com shopping and travel platform to
businesses and non-profits, providing them with a professional,
reliable web presence that builds brand loyalty with their members,
customers or constituents while earning commission for the
organization and Cash Back for shoppers on each transaction.  For
more information, please visit Ominto's corporate website
http://inc.ominto.com.

Ominto reported a net loss of $10.30 million for the year ended
Sept. 30, 2016, compared to a net loss of $11.69 million for the
year ended Sept. 30, 2015.  As of March 31, 2017, Ominto had $68.62
million in total assets, $48.03 million in total liabilities and
$20.58 million in total stockholders' equity.


OUTER HARBOR: Needs Time on Committee Talks, Chapter 11 Plan
------------------------------------------------------------
Outer Harbor Terminal, LLC requests the U.S. Bankruptcy Court for
the District of Delaware to extend the periods during which only
the Debtor has the exclusive right to file a Chapter 11 plan and
solicit acceptances of such plan through August 1 and October 2,
2017, respectively.

The Debtor submits that it has commenced the Bankruptcy Case
primarily with the goal of implementing an orderly and efficient
wind down of its business and liquidation of its assets, while
maximizing value that would inure to its creditors in the process.


The Debtor relates that since the Petition Date, it has:

     (a) terminated its business operations in an organized and
controlled manner;

     (b) negotiated a settlement and consensual rejection of its
long-term lease with the Port of Oakland, which settlement
virtually eliminated the Port's potentially large unsecured claim
for rejection damages;

     (c) concluded the sale of virtually all of its assets and the
assignments and rejections of the Debtor's various unexpired leases
and executory contracts;

     (d) collected on or settled substantially all of the Debtor's
outstanding receivables, including potential claims and liens
against Pasha Hawaii Holdings LLC which resulted in a settlement
bringing in large receivable of nearly $1.3 million to the Debtor's
estate;

     (e) filed various objections to claims asserted against the
estate, the bulk of which have been adjudicated or resolved
consensually;

     (f) negotiated settlements of certain large claims --
including with the (1) City of Oakland Finance & Management Agency
- Revenue Division, (2) the International Association of Machinists
and Aerospace Workers, AFL-CIO District Lodge 190 and Local Lodge
1546, and (3) the Alameda County Tax Collector -- all of which have
resulted in substantial reductions in the overall claims asserted
against the estate and thus improved anticipated recoveries for
general unsecured creditors; and

     (g) proposed a Combined Plan and Disclosure Statement for the
orderly liquidation of the Debtor's estate and conclusion of this
chapter 11 case on February 13, 2017.

The Debtor contends that it received two objections to the interim
approval of the Disclosure portion of the Plan and the Solicitation
Procedures Motion. Ultimately, the Court approved the Disclosure
portion of the Plan. However, the Debtor says that due to certain
issues raised by the recently appointed official committee of
unsecured creditors, the Debtors have put the Plan process on hold.


In the meantime, the Debtor tells the Court that it has been
working with the Committee, the Debtors' DIP Lenders and certain
related parties to address the Committee's issues as promptly and
efficiently as possible.

Accordingly, the Debtor is seeking an extension of the Exclusive
Periods in order to allow the Debtor to resolve the issues raised
by the Committee without having to defend against a competing plan
or, in the alternative, to propose an alternative to the Plan in
the event that the negotiations and/or litigation with the
Committee require the Debtor to do so.

A hearing with respect to the Debtor's Motion for Exclusivity
Extension will be held on August 2, 2017 at 2:00 p.m. Objections or
responses to the Motion must be filed and served on or before July
10.

                  About Outer Harbor Terminal

Outer Harbor Terminal, LLC -- aka Ports America Outer Terminal,
LLC, PAOH, and PAOHT -- was a joint venture of Ports America and
Terminal Investment Ltd.  The Oakland, California-based port
operator filed for Chapter 11 protection (Bankr. D. Del. Case No.
16-10283) on Feb. 1, 2016.  It announced plans to wind down
operations and leave Oakland to concentrate on its investments in
other terminals that the company operates in Tacoma, Los
Angeles-Long Beach, New York-New Jersey and Baltimore.

The Chapter 11 petition was signed by Heather Stack, chief
financial officer.  The Hon. Laurie Selber Silverstein is the case
judge.  The Debtor listed $103 million in assets and $370 million
in debt.

Milbank, Tweed, Hadley & Mccloy LLP is the Debtor's general
counsel.  Mark D. Collins, Esq., at Richards, Layton & Finger,
P.A., serves as its Delaware counsel.  Prime Clerk LLC is the
claims and noticing agent.

The U.S. Trustee for Region 3 has appointed three creditors to
serve in the Debtor's official committee of unsecured creditors.
Brinkman Portillo Ronk, APC, and Rosner Law Group LLC represent
the
Committee.

                         *     *     *

Outer Harbor Terminal, LLC, filed with the Bankruptcy Court a
combined Chapter 11 plan of liquidation and disclosure statement
dated Feb. 13, 2017.  Class 5 (General Unsecured Claims) --
estimated between $7,019,669 and $12,402,535 -- are impaired by the
Plan.  The holders are expected to recover 9% to 16%.

The Committee has sought to challenge the Plan and investigate the
payments, made to affiliates of the Debtor's parent company and
debtor-in-possession lender HHH Oakland Inc., in the hopes of
clawing back some of the money to pay the $7 million to $12.5
million in unsecured claims the Debtor owed.


PAYLESS HOLDINGS: Files Latest Plan Increases Unsecured Recovery
----------------------------------------------------------------
Payless Holdings LLC on June 23 filed with the U.S. Bankruptcy
Court for the Eastern District of Missouri its latest Chapter 11
plan of reorganization that would reduce debt to $408 million.

The company and its affiliates had outstanding debt of $847
million.  If the plan is confirmed, the companies will emerge from
bankruptcy with approximately 50% less funded debt.

Payless disclosed in its latest plan a settlement agreement it
reached with the official committee of unsecured creditors.  

The committee initially did not support earlier versions of the
plan on grounds that the recovery to general unsecured creditors
was insufficient and the releases contemplated by the previous
plans were improper.

Under the settlement agreement, Golden Gate Capital Inc., Blum
Capital Partners, LP and certain entities advised by both companies
will contribute over $20 million to Payless' estates to settle any
potential claims and obtain releases from any potential liability.

Moreover, general unsecured creditors will receive their respective
share of two recovery pools in the total amount of $32.316 million.


The latest plan proposes to increase the estimated recovery for
creditors holding Class 5A, which consists of "other general
unsecured claims" to 18.1%.  Earlier versions of the plan proposed
a 0.8% recovery for Class 5A.

The plan also proposes to increase the estimated recovery for
holders of Class 5B claims to 22.1% from 15.7%.  Class 5B consists
of general unsecured claims against Payless ShoeSource Worldwide,
Inc.

Class 5A and Class 5B will each receive a pro rata share of $3.658
million from the recovery pool.  Both will also receive a pro rata
share of the remaining $25 million.

Payless is required to meet certain case milestones under the
latest plan.  The company must renegotiate the terms of agreements
related to their Latin American joint venture with their partners
by July 13; obtain approval of the plan by July 27; and reach the
effective date by August 10.

The U.S. Bankruptcy Court for the Eastern District of Missouri will
consider approval of the plan at a hearing on July 24.

The hearing will be held at 10:00 a.m. (prevailing Central Time) at
the Thomas F. Eagleton U.S. Courthouse, Seventh Floor – North
Courtroom, 111 S. 10th Street, St. Louis, Missouri.

Creditors have until July 18 to file their objections and cast
their votes accepting or rejecting the plan, according to the
court's revised order issued on June 23, which approved Payless'
latest disclosure statement.  A copy of the fourth amended
disclosure statement is available without charge at:   

     http://bankrupt.com/misc/PaylessHoldings_4DS062317.pdf

Copies of the earlier versions of the disclosure statement are also
available for free at:

     http://bankrupt.com/misc/PaylessHoldings_2DS061317.pdf
     http://bankrupt.com/misc/PaylessHoldings_3DS061517.pdf

                     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. In May it sought court approval to close 408 more stores
but later reduced the list to 216 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.


PETROQUEST ENERGY: Moody's Withdraws Caa3 Corporate Family Rating
-----------------------------------------------------------------
Moody's Investors Service has withdrawn all assigned ratings for
PetroQuest Energy, Inc., including the Caa3 Corporate Family
Rating, following the elimination of all of its rated debt.

Issuer: PetroQuest Energy, Inc.

Ratings Withdrawn:

-- Probability of Default Rating, Withdrawn , previously rated
    Caa3-PD

-- Speculative Grade Liquidity Rating, Withdrawn , previously
    rated SGL-4

-- Corporate Family Rating, Withdrawn , previously rated Caa3

Outlook Actions:

-- Outlook, Changed To Rating Withdrawn From Negative

RATINGS RATIONALE

PetroQuest redeemed its remaining senior unsecured notes due 2017
on March 31, 2017, funded by cash on hand and drawing on its term
loan.


PROINOS BREAKFAST: Needs More Time for Landlord Talks, Exit Plan
----------------------------------------------------------------
Proinos Breakfast Club, Inc., requests the U.S. Bankruptcy Court
for the Middle District of Florida for an additional 45-day
extension of the exclusivity period and the deadline to file Plan
and Disclosure statement.

The Debtor notes that on May 1, 2017, the Court entered an Order
setting a shortened deadline of June 26, 2017 for the Debtor to
file its Plan and Disclosure Statement.

The Debtor asserts that it needs additional time to work toward a
resolution of the present controversy with its Landlord. The Debtor
tells the Court that its principal and the principal for its
Landlord has just recently met in person to work toward resolving
their differences. The Debtor believes that said resolution may be
key to a consensual plan.

                  About Proinos Breakfast Club

Proinos Breakfast Club, Inc., operates a family restaurant serving
breakfast and lunch in leased premises at 201 West Bay Drive, Suite
E-5, Largo FL 33770 and has only one location.  It is owned and
managed by George Soulellis.

Proinos Breakfast Club filed a Chapter 11 petition (Bankr. M.D.
Fla. Case No. 17-01819) on March 7, 2017.  George Soulellis,
President, signed the petition.  At the time of filing, the Debtor
estimated assets and liabilities to be less than $50,000.

The Debtor is represented by Jake C. Blanchard, Esq., at Blanchard
Law, P.A.


PUERTO RICO: Creditors Committee Retains Paul Hastings, O'Neill
---------------------------------------------------------------
The Official Committee of Unsecured Creditors in the Commonwealth
of Puerto Rico's PROMESA Title III case has tapped Paul Hastings
LLP and O'Neill & Gilmore LLC as counsel:

         Luc A. Despins, Esq.
         Andrew V. Tenzer, Esq.
         Leslie A. Plaskon, Esq.
         Michael E. Comerford, Esq.
         G. Alexander Bongartz, Esq.
         PAUL HASTINGS LLP
         200 Park Avenue
         New York, NY 10166
         Tel: (212) 318-6000
         Fax: (212) 319-4090
         E-mail: lucdespins@paulhastings.com
                 andrewtenzer@paulhastings.com
                 leslieplaskon@paulhastings.com
                 michaelcomerford@paulhastings.com
                 alexbongartz@paulhastings.com

               - and -

         Patrick D. O'Neill, Esq.
         O'NEILL & GILMORE LLC
         City Towers, Suite 1701
         252 Ponce de Leon Avenue San Juan, Puerto Rico 00918
         Tel: (787) 620-0670
         Fax: (787) 620-0671
         E-mail: pdo@golaw.com

The Creditors Committee was appointed on June 15, 2017.  The
members of the Committee are the American Federation of Teachers,
Doral Financial Corporation, Genesis Security Services, Inc.,
Puerto Rico Hospital Supply, Service Employees International Union,
Total Petroleum Puerto Rico Corp., and Unitech Engineering Group,
S.E.

Unlike in cases commenced under the Bankruptcy Code, professionals
retained by the Debtors and the Oversight Board do not require
court authorization for retention.  However, by virtue of PROMESA's
incorporation of Section 1103 of the Bankruptcy Code, the retention
of any professionals for any official committees will require court
approval.  As of June 27, 2017, the Creditors Committee has not
submitted applications to retain Paul Hastings and O'Neill as its
attorneys.

                  Committee Can Raise Objections

Meanwhile, the Creditors Committee sought and obtained approval to
be heard on all matters scheduled for the hearings on June 28 and
29, 2017, notwithstanding that all applicable filing deadlines to
file responsive pleadings have passed and without the need to file
written responses.

Judge Laura Taylor Swain ruled that the Committee will be permitted
to raise, even for the first time, any objections at the June 28
and 29 hearings.

The Committee noted that while the Title III Cases were commenced
on May 3 and May 5, 2017, the seven-member Committee was only
appointed on June 15, and the Committee did not select its proposed
counsel until June 26.

The Committee and Paul Hastings are in the process of rapidly
getting up to speed on the Title III Cases in a very abbreviated
timeframe -- a herculean task in light of their unprecedented scope
and complexity.  For example, the Committee is evaluating the
COFINAGO dispute, including both the Oversight Board's motion for
an order approving the Oversight Board's proposed procedure to
resolve the dispute as well as all of the pleadings filed in the
Bank of New York Mellon adversary proceeding, the numerous and
various lift stay motions that have been filed in the Title III
Cases, the Oversight Board's motion to confirm the application of
the automatic stay, and the joint administration motion.

The objection deadlines for the filing of responsive pleadings for
the upcoming hearings on June 28 and June 29 have already passed.
Additionally, pursuant to various scheduling orders issued by the
Court in the Title III Cases (including related adversary
proceedings), numerous other filing deadlines have either already
passed or will expire in the near future. For example:

   * The deadline to file objections to the motion for entry of
order approving procedures to resolve Commonwealth-COFINA dispute
was June 16, 2017.

   * The deadline to file objections to the Motion for Stay Relief
filed by the mutual fund group was June 20, 2017.

   * The deadline to file objections to the motion to intervene in
the adversary proceeding commenced by Peaje Investments is on June
29, 2017.

   * The deadline to file objections to the Motion for Relief from
Stay filed by Emmanuel Aponte-Colon is on June 30, 2017.

   * The deadline to file objections to the Motion for Relief from
Stay filed by Javier Pérez-Rivera is on July 3, 2017.

In order to ensure that the Committee (which represents all general
unsecured creditors) is able to participate in these cases in a
meaningful way and fulfill its fiduciary obligations to all general
unsecured creditors, the Committee asserted that it should be
allowed to be heard on these matters, and the Committee should be
given a meaningful opportunity to analyze the numerous complex
issues which need to be analyzed.

                        About Puerto Rico

Puerto Rico is a self-governing commonwealth in association with
the United States that's facing a massive bond debt of $70
billion, a 68% debt-to-GDP ratio and negative economic growth in
nine of the last 10 years.

The Commonwealth of Puerto Rico has sought bankruptcy protection,
aiming to restructure its massive $74 billion debt-load and $49
billion in pension obligations.

The debt restructuring petition was filed by Puerto Rico's
financial oversight board in U.S. District Court in Puerto Rico
(Case No. 17-01578) on May 3, 2017, and was made under Title III
of 2016's U.S. Congressional rescue law known as the Puerto Rico
Oversight, Management, and Economic Stability Act ("PROMESA").

The Financial Oversight and Management Board later commenced Title
III cases for the Puerto Rico Sales Tax Financing Corporation
(COFINA) on May 5, 2017, and the Employees Retirement System (ERS)
and the Puerto Rico Highways and Transportation Authority (HTA) on
May 21.

U.S. Chief Justice John Roberts has appointed U.S. District Judge
Laura Taylor Swain to oversee the Title III cases.  The Honorable
Judith Dein, a United States Magistrate Judge for the District of
Massachusetts, has been designated to preside over matters that
may be referred to her by Judge Swain, including discovery
disputes, management of other pretrial proceedings.

The Oversight Board has hired as advisors, Proskauer Rose LLP and
O'Neill & Borges LLC as legal counsel, McKinsey & Co. as strategic
consultant, Citigroup Global Markets as municipal investment
banker, and Ernst & Young, as financial advisor.

Martin J. Bienenstock, Esq., Scott K. Rutsky, Esq., and Philip M.
Abelson, Esq., of Proskauer Rose; and Hermann D. Bauer, Esq.,
at O'Neill & Borges are onboard as attorneys.

McKinsey & Co. is the Board's strategic consultant, Ernst & Young
is the Board's financial advisor, and Citigroup Global Markets
Inc. is the Board's municipal investment banker.

Prime Clerk LLC is the claims and noticing agent. Prime Clerk
maintains a case web site at:

           https://cases.primeclerk.com/puertorico

O'Melveny & Myers LLP is counsel to the Commonwealth's Puerto Rico
Fiscal Agency and Financial Advisory Authority (AAFAF), the agency
responsible for negotiations with bondholders.

The Oversight Board named Professor Nancy B. Rapoport as fee
examiner and to chair a committee to review professionals' fees.

                      Bondholders' Attorneys

Toro, Colon, Mullet, Rivera & Sifre, P.S.C. and Kramer Levin
Naftalis & Frankel LLP serve as counsel to the Mutual Fund Group,
comprised of mutual funds managed by Oppenheimer Funds, Inc.,
Franklin Advisers, Inc., and the First Puerto Rico Family of
Funds, which collectively hold over $3.5 billion in COFINA Bonds
and over $2.9 billion in other bonds issued by Puerto Rico and
other instrumentalities, including over $1.8 billion of Puerto
Rico general obligation bonds ("GO Bonds").

White & Case LLP and Lopez Sanchez & Pirillo LLC represent the UBS
Family of Funds and the Puerto Rico Family of Funds, which hold
$613.3 million in COFINA bonds.

Paul, Weiss, Rifkind, Wharton & Garrison LLP, Robbins, Russell,
Englert, Orseck, Untereiner & Sauber LLP, and Jimenez, Graffam &
Lausell are co-counsel to the ad hoc group of General Obligation
Bondholders, comprised of Aurelius Capital Management, LP,
Autonomy Capital (Jersey) LP, FCO Advisors LP, Franklin Mutual
Advisers LLC, Monarch Alternative Capital LP, Senator Investment
Group LP, and Stone Lion Capital Partners L.P.

Quinn Emanuel Urquhart & Sullivan, LLP and Reichard & Escalera are
co-counsel to the ad hoc coalition of holders of senior bonds
issued by COFINA, comprised of at least 30 institutional holders,
including Canyon Capital Advisors LLC and Varde Investment
Partners, L.P.

Correa Acevedo & Abesada Law Offices, P.S.C., is counsel to Canyon
Capital Advisors, LLC, River Canyon Fund Management, LLC, Davidson
Kempner Capital Management LP, OZ Management, LP, and OZ
Management II LP (the QTCB Noteholder Group).

                            Committees

The U.S. Trustee formed a nine-member Official Committee of
Retirees and a seven-member Official Committee of Unsecured
Creditors of the Commonwealth.  The Retiree Committee tapped Jenner
& Block LLP and Bennazar, Garcia & Milian, C.S.P., as its
attorneys.   The Creditors Committee tapped Paul Hastings LLP and
O'Neill & Gilmore LLC as counsel.


PUERTO RICO: Oversight Board Rejects PREPA Title VI Restructuring
-----------------------------------------------------------------
The Financial Oversight and Management Board for Puerto Rico
created by Congress under the bipartisan Puerto Rico Oversight,
Management and Economic Stability Act ("PROMESA") said that in an
executive session held June 27, 2017, the Board did not approve the
proposed Puerto Rico Electric Power Authority Restructuring Support
Agreement.

The determination closes the door on this request for debt
restructuring under Title VI of PROMESA.  The most likely course of
action under the circumstances would be a debt restructuring
process under Title III instead.

The Board noted that it gave serious, professional and deliberate
consideration to the proposed RSA but, in the end, decided that the
proposed agreement was not in Puerto Rico's best interests because,
ultimately, it did not support the structural and operational
reforms required to attract additional capital to PREPA that will
enable its much-needed transformation.

"Affordable and reliable electricity is central to Puerto Rico's
economic turnaround, without which customers will seek alternative
measures to satisfy their needs resulting in increased pressure to
increase the rates to the remaining customer base, thereby
inhibiting growth and long-term viability," the Board noted.

The Puerto Rico Electric Power Authority (PREPA), a public
corporation, supplies substantially all the electricity consumed in
the Commonwealth and owns all transmission and distribution
facilities and most of the generating facilities that constitute
Puerto Rico's electric power system.  PREPA has approximately $9
billion of debt.

Contact:

       Jose Luis Cedeno
       787-400-9245
       jcedeno@forculuspr.com
       info@forculuspr.com

                        About Puerto Rico

Puerto Rico is a self-governing commonwealth in association with
the United States that's facing a massive bond debt of $70
billion, a 68% debt-to-GDP ratio and negative economic growth in
nine of the last 10 years.

The Commonwealth of Puerto Rico has sought bankruptcy protection,
aiming to restructure its massive $74 billion debt-load and $49
billion in pension obligations.

The debt restructuring petition was filed by Puerto Rico's
financial oversight board in U.S. District Court in Puerto Rico
(Case No. 17-01578) on May 3, 2017, and was made under Title III
of 2016's U.S. Congressional rescue law known as the Puerto Rico
Oversight, Management, and Economic Stability Act ("PROMESA").

The Financial Oversight and Management Board later commenced Title
III cases for the Puerto Rico Sales Tax Financing Corporation
(COFINA) on May 5, 2017, and the Employees Retirement System (ERS)
and the Puerto Rico Highways and Transportation Authority (HTA) on
May 21.

U.S. Chief Justice John Roberts has appointed U.S. District Judge
Laura Taylor Swain to oversee the Title III cases.  The Honorable
Judith Dein, a United States Magistrate Judge for the District of
Massachusetts, has been designated to preside over matters that
may be referred to her by Judge Swain, including discovery
disputes, management of other pretrial proceedings.

The Oversight Board has hired as advisors, Proskauer Rose LLP and
O'Neill & Borges LLC as legal counsel, McKinsey & Co. as strategic
consultant, Citigroup Global Markets as municipal investment
banker, and Ernst & Young, as financial advisor.

Martin J. Bienenstock, Esq., Scott K. Rutsky, Esq., and Philip M.
Abelson, Esq., of Proskauer Rose; and Hermann D. Bauer, Esq.,
at O'Neill & Borges are onboard as attorneys.

McKinsey & Co. is the Board's strategic consultant, Ernst & Young
is the Board's financial advisor, and Citigroup Global Markets
Inc. is the Board's municipal investment banker.

Prime Clerk LLC is the claims and noticing agent. Prime Clerk
maintains a case web site at:

           https://cases.primeclerk.com/puertorico

O'Melveny & Myers LLP is counsel to the Commonwealth's Puerto Rico
Fiscal Agency and Financial Advisory Authority (AAFAF), the agency
responsible for negotiations with bondholders.

The Oversight Board named Professor Nancy B. Rapoport as fee
examiner and to chair a committee to review professionals' fees.

                      Bondholders' Attorneys

Toro, Colon, Mullet, Rivera & Sifre, P.S.C. and Kramer Levin
Naftalis & Frankel LLP serve as counsel to the Mutual Fund Group,
comprised of mutual funds managed by Oppenheimer Funds, Inc.,
Franklin Advisers, Inc., and the First Puerto Rico Family of
Funds, which collectively hold over $3.5 billion in COFINA Bonds
and over $2.9 billion in other bonds issued by Puerto Rico and
other instrumentalities, including over $1.8 billion of Puerto
Rico general obligation bonds ("GO Bonds").

White & Case LLP and Lopez Sanchez & Pirillo LLC represent the UBS
Family of Funds and the Puerto Rico Family of Funds, which hold
$613.3 million in COFINA bonds.

Paul, Weiss, Rifkind, Wharton & Garrison LLP, Robbins, Russell,
Englert, Orseck, Untereiner & Sauber LLP, and Jimenez, Graffam &
Lausell are co-counsel to the ad hoc group of General Obligation
Bondholders, comprised of Aurelius Capital Management, LP,
Autonomy Capital (Jersey) LP, FCO Advisors LP, Franklin Mutual
Advisers LLC, Monarch Alternative Capital LP, Senator Investment
Group LP, and Stone Lion Capital Partners L.P.

Quinn Emanuel Urquhart & Sullivan, LLP and Reichard & Escalera are
co-counsel to the ad hoc coalition of holders of senior bonds
issued by COFINA, comprised of at least 30 institutional holders,
including Canyon Capital Advisors LLC and Varde Investment
Partners, L.P.

Correa Acevedo & Abesada Law Offices, P.S.C., is counsel to Canyon
Capital Advisors, LLC, River Canyon Fund Management, LLC, Davidson
Kempner Capital Management LP, OZ Management, LP, and OZ
Management II LP (the QTCB Noteholder Group).

                            Committees

The U.S. Trustee formed a nine-member Official Committee of
Retirees and a seven-member Official Committee of Unsecured
Creditors of the Commonwealth.  The Retiree Committee tapped Jenner
& Block LLP and Bennazar, Garcia & Milian, C.S.P., as its
attorneys.   The Creditors Committee tapped Paul Hastings LLP and
O'Neill & Gilmore LLC as counsel.


QSL PORTAGE: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: QSL Portage, LLC
        549 Kennedy Avenue
        Schererville, IN 46375

Business Description: QSL Portage is in the restaurants business.

                      Its principal assets are located at 6245
                      Ameriplex Drive Portage, IN 46368.

Chapter 11 Petition Date: June 26, 2017

Case No.: 17-21799

Court: United States Bankruptcy Court
       Northern District of Indiana (Hammond Division)

Judge: Hon. James R. Ahler

Debtor's Counsel: Gordon E. Gouveia II, Esq.
                  SHAW FISHMAN GLANTZ & TOWBIN LLC
                  321 North Clark Street, Suite 800
                  Chicago, IL 60610
                  Tel: 312-541-0151
                  Fax: 312-276-1335
                  E-mail: ggouveia@shawfishman.com

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

Estimated Liabilities: $1 million to $10 million

The petition was signed by Larry J. Briski, managing member.

The Debtor's list of 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/innb17-21799.pdf


RADIOLOGY SUPPORT: Allowed to Continue Using Cash Through Sept. 30
------------------------------------------------------------------
Judge Ernest M. Robles of the U.S. Bankruptcy Court for the Central
District of California authorized Radiology Support Devices, Inc.,
to continue using cash collateral through and including Sept. 30,
2017, in accordance with the budget.

Judge Robles also authorized the Debtor to increase the payments to
Matthew Alderson from $2,308 per week to $2,885 per week.  The
Debtor is directed to make monthly adequate protection payments of
$1,820 to Wells Fargo Bank, N.A.

The Debtor may exceed the expenditure for any Budget line-item by
up to 15% on a monthly basis. However, in no event will Mr.
Alderson be paid in excess of $2,885 per week.

Judge Robles granted Citibank, N.A., Wells Fargo, Clay Lorinsky,
and the Internal Revenue Service with replacement liens to the
extent of any post-petition diminution in value of their respective
pre-petition collateral as a result of the Debtor's use of cash
collateral during the case. Such replacement liens will have the
same validity, extent, and priority as the pre-petition interests
held by each respective Secured Creditor as of the petition date.

A further interim hearing on the use of cash collateral will take
place on Sept. 20, 2017 at 10:00 a.m.

In relation to the continued hearing on the use of cash collateral,
the Debtor is directed to submit further evidence in support of the
continued use of cash collateral by no later than September 6,
2017. That evidence must include information on the Debtor's sales,
expenses, collections on accounts receivable, order backlog amount,
and profit margin, and must also discuss the extent to which the
Debtor's performance varied from the Budget projections. Any
response to the Debtor's additional evidence is due by September
13, 2017.

A full-text copy of the Order, dated June 22, 2017, is available at
http://tinyurl.com/ybzsv8m9

                About Radiology Support Devices

Radiology Support Devices, Inc., sought protection under Chapter 11
of the Bankruptcy Code (Bankr. C.D. Cal. Case No. 17-12054) on Feb.
21, 2017.  The petition was signed by Matthew Alderson, president.
At the time of filing, the Debtor estimated $100,000 to $500,000 in
assets and $500,000 to $1 million in liabilities.

Weintraub & Selth, APC, is serving as bankruptcy counsel to the
Debtor, with the engagement led by Daniel Weintraub, Esq., James R.
Selth, Esq. and Elaine V. Nguyen, Esq.  Bette Hiramatsu of
Hiramatsu and Associates, Inc., is the Debtor's financial
consultant.


REES ASSOCIATES: Intends to File Reorganization Plan by Sept. 26
----------------------------------------------------------------
Rees Associates, Inc. asks the U.S. Bankruptcy Court for the
Southern District of Iowa to extend by 90 days the exclusive
deadlines during which only the Debtor may file a Disclosure
Statement and Plan of Reorganization and solicit acceptances for
the Plan to Sept. 26, 2017 and Nov. 24, 2017, respectively.

The Debtor explains that it has diligently worked on resolving its
issues with RR Donnelly and Sons, which filed a Motion for Relief
from Stay on April 19, 2017. The Debtor notes that the Court
entered the Stipulation and Consent Order, on June 14, 2017, which
resolves its issues with RR Donnelly.

Unfortunately, the Debtor says that the two months of litigation
and negotiations impaired the window of time that the Debtor had to
focus on its analysis whether to pursue an earn-out plan or orderly
sale process plan of reorganization.

In addition, the Debtor relates that it has been preparing
projections of future income and expenses during the past 120 days,
and continues to test them for feasibility, and worked with its
financial advisors/investment bankers to explore options for an
orderly sale process. To that end, the Debtor claims that two
entities have shown their interest and conducted site visits.

                    About Rees Associates Inc.

Based in Des Moines, Iowa, Rees Associates, Inc., sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Iowa Case No.
17-00273) on Feb. 27, 2017.  The petition was signed by Stephen D.
Lundstrom, president.  At the time of the filing, the Debtor
disclosed $6.43 million in assets and $3.58 million in
liabilities.

The Debtor is represented by Jeffrey D. Goetz, Esq., at Bradshaw
Fowler Proctor & Fairgrave P.C.  The Debtor employs Amherst
Consulting, LLC as financial advisor and investment banker.

On March 13, 2017, the U.S. Trustee for Region 12 appointed an
official committee of unsecured creditors. The committee members
are: (1) RR Donnelley; (2) Packaging Distribution Services, Inc.;
and (3) Integrity Printing. The Committee hired Shaw Fishman Glantz
& Towbin LLC as bankruptcy counsel, and Dickinson Mackaman Tyler &
Hagen, P.C., as Iowa counsel. The Committee also hired Province
Inc. as financial advisor.

The TCR reported on June 19 that RR Donnelley has been removed the
Official Committee of Unsecured Creditors of Rees Associates, Inc.,
pursuant to stipulation and consent order regarding RR Donnelley
and Sons Company's motion for relief from automatic stay.


RENNOVA HEALTH: Will Issue $1.9M Discount Debentures Plus Warrants
------------------------------------------------------------------
Rennova Health, Inc. entered into a Securities Purchase Agreement
with certain existing institutional investors of the Company on
June 21, 2017.  Pursuant to the Purchase Agreement, the Company has
agreed to issue $1,902,700 aggregate principal amount of Original
Issue Discount Debentures due Sept. 22, 2017, and warrants to
purchase an aggregate of 1,000,000 shares of common stock for
consideration of $1,000,000 in cash and the exchange of $795,000
aggregate principal amount of Original Issue Discount Debentures
due Sept. 1, 2017, issued by the Company on June 2, 2017.  The
Purchase Agreement contains certain customary representations,
warranties and covenants.  The closing of the offering is subject
to, among other things, customary closing conditions.

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).

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 Sept. 5,
2017, it will be an event of default under the Debentures.

The Warrants will be exercisable into shares of the Company's
common stock at any time from and after six months from the closing
date at an exercise price of $0.38 per common share (subject to
adjustment).  The Warrants will terminate five years after they
become exercisable.

The Debentures will be guaranteed by substantially all of the
subsidiaries of the Company pursuant to a Subsidiary Guarantee, in
favor of the holders of the Debentures by the subsidiary guarantors
party thereto.  The securities to be issued under the Purchase
Agreement will be issued in reliance on the exemption from
registration contained in Section 4(a)(2) of the Securities Act of
1933, as amended, and/or Rule 506 of Regulation D promulgated
thereunder as transactions by an issuer not involving any 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 attributable to common stockholders of $37.58
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.


RMS TITANIC: Exclusive Plan Filing Deadline Extended Through Aug. 1
-------------------------------------------------------------------
Judge Paul M. Glenn of the U.S. Bankruptcy Court for the Middle
District of Florida extended the exclusive periods during which RMS
Titanic, Inc. and its affiliated Debtors may file a Chapter 11 plan
and solicit acceptance of such plan through and including August 1
and October 2, 2017, respectively.

The Troubled Company Reporter has previously reported that the
Debtors filed an amended third because the Debtors, the Official
Committee of Unsecured Creditors, and the Official Committee of
Equity Security Holders believed that an additional 30-day
extension was necessary and appropriate while they continue to work
towards a consensual plan.

The Debtors sought further extension of the exclusivity so as to
provide the Debtors and the Committees time to file and seek Court
approval of the Plan Support Agreement which the Debtors and
Committees anticipate finalizing in the immediate near future.

The Debtors mentioned that the terms of the PSA justify extending
the exclusive periods beyond the dates originally requested in the
Third Exclusivity Motion since the Debtors intends to file a
Chapter 11 plan in accordance with the terms of the PSA.  The PSA
will contemplate a marketing and sale process for the Debtors to be
consummated through parallel sale and plan confirmation processes.
The PSA will also provide for a series of milestones, including,
among others, a deadline to file a plan and disclosure statement on
terms to be provided in the PSA.

The Debtors said that as part of the PSA, both of the Committees
will agree not to seek or support termination or modification of,
and will agree to support and consent to any extension of, the
Debtors' exclusive period for the filing of any plan of
reorganization so long as the PSA is not terminated. Moreover, the
PSA will be subject to termination by the Committees or the Debtor
if the Court enters an order modifying or terminating the Debtors'
exclusive right to file and/or solicit acceptances of a plan of
reorganization or liquidation.

The Debtors told the Court that both Committees had consented to
the extensions of the exclusivity periods.

Further, the Debtors anticipated filing a motion seeking approval
of a DIP financing agreement of up to $5,000,000 that will sustain
operations and funding of administrative expenses until a plan can
be confirmed.

                About About RMS Titanic, Inc.

Premier Exhibitions, Inc. (Nasdaq: PRXI), located in Atlanta,
Georgia, is a presenter of museum quality exhibitions throughout
the world.  Premier --http://www.PremierExhibitions.com/--
develops and displays unique exhibitions for education and
entertainment including Titanic: The Artifact Exhibition,
BODIES...The Exhibition, Tutankhamun: The Golden King and the Great
Pharaohs, Pompeii The Exhibition, Extreme Dinosaurs and Real
Pirates in partnership with National Geographic. The success of
Premier Exhibitions lies in its ability to produce, manage, and
market exhibitions.

RMS Titanic and seven of its subsidiaries filed voluntary petitions
for reorganization under Chapter 11 of the Bankruptcy Code (Bankr.
M.D. Fla. Lead Case No. 16-02230) on June 14, 2016. Former Chief
Financial Officer and Chief Operating Officer Michael J. Little
signed the petitions. The Chapter 11 cases are assigned to Judge
Paul M. Glenn.

The Debtors estimated both assets and liabilities of $10 million to
$50 million.

The Debtors are represented by Daniel F. Blanks, Esq. and Lee D.
Wedekind, III, Esq. at Nelson Mullins Riley & Scarborough LLP. The
Debtors employ Brian A. Wainger, Esq. at Kaleo Legal as special
litigation counsel, outside general counsel, securities counsel,
and conflicts counsel; Robert W. McFarland, Esq. at McGuireWoods
LLP as special litigation counsel; Steven L. Berson, Esq. at
Dentons US LLP and Dentons Canada LLP as outside general counsel
and securities counsel; Oscar N. Pinkas, Esq. at Dentons LLP as
outside general counsel and securities counsel.

The Debtors also employed Ronald L. Glass as Chief Restructuring
Officer and GlassRatner Advisory & Capital Group, LLC, as financial
advisors.

Guy Gebhardt, acting U.S. trustee for Region 21, on Aug. 24, 2016,
appointed three creditors to serve on the official committee of
unsecured creditors of RMS Titanic, Inc., and its affiliates. The
Committee hired Avery Samet, Esq. and Jeffrey Chubak, Esq. at
Storch Amini & Munves PC, and Richard R. Thames, Esq. and Robert A.
Heekin, Jr., Esq. at Thames Markey & Heekin, P.A. as counsel.

The official committee of equity security holders of Premier
Exhibitions Inc. hired Peter J. Gurfein, Esq. at Landau Gottfried &
Berger LLP as counsel; Jacob A. Brown, Esq. and Katherine C.
Fackler, Esq. at Akerman LLP as Co-Counsel; and Teneo Securities
LLC as financial advisor.


ROCK INVESTMENT: Exit Plan to Pay Unsecured Creditors in Full
-------------------------------------------------------------
General unsecured creditors of The Rock Investment Group, Inc. will
be paid in full under the company's proposed plan to exit Chapter
11 protection.

Under the restructuring plan, creditors holding Class 2 general
unsecured claims will receive a pro rata distribution of the net
proceeds from the sale of Rock Investment's oil and gas leases
after all unclassified priority claims and Class 1 priority claims
are paid in full

Distributions begin on the earlier of 90 days following the
effective date of the plan or the date on which the company has
sufficient funds to pay all administrative claims, Class 1 claims,
and Class 2 claims in full.

Any funds remaining after Class 2 claims are paid in full will be
returned to the company for its continued operations.

To the extent that the claims of Legarza Exploration and the
National Union Fire Insurance Company of Pittsburgh are disputed at
the time that Rock Investment disburses funds to Class 2 creditors,
the company will escrow the amounts that will be paid to both
creditors until their claims are allowed or disallowed.  If the
claims are disallowed, Rock Investment will disburse the escrowed
funds pro rata to the remaining unsecured creditors.  

The claims of Legarza and the union are largely based on the
services provided in connection with the drilling of the well.
Rock Investment objected to both claims, saying they are "time
barred or otherwise unenforceable."

The proposed plan will be funded through the net proceeds from the
sale of Rock Investment's oil and gas leases in northwestern
Nevada.  Following the sale, the company will deposit the funds in
its account, and will disburse funds within 30 days of receipt.

Rock Investment anticipates that the net sale proceeds will be
sufficient to pay all allowed claims in full, according to its
disclosure statement filed with the U.S. Bankruptcy Court for the
District of Colorado.

                  About Rock Investment Group

The Rock Investment Group, Inc. sought protection under Chapter 11
of the Bankruptcy Code (Bankr. D. Col. Case No. 16-18110) on August
17, 2016.  The petition was signed by Robert Angerer, president.
At the time of the filing, the Debtor disclosed $11.59 million in
assets and $2.91 million in liabilities.

The case is assigned to Judge Thomas B. McNamara.  The Debtor hired
Kutner Brinen P.C. as its bankruptcy counsel, and Keating, Wagner,
Polidori, Free, P.C. as its special counsel.


ROCLAIRE LLC: Sale of Dagsboro Property for $750K Approved
----------------------------------------------------------
Judge Thomas J. Catliota of the U.S. Bankruptcy Court for the
District of Maryland signed a consent order on Roclaire, LLC's
motion to sell its property at 31551 Drake Lane, Dagsboro, Delaware
for $750,000.

Secured creditors County First Bankand James Drake consented to
entry of the order.

The sale is free and clear of liens and encumbrances.

The payment of realtor fees, not to exceed 5% of the Property's
sale price as well as usual and customary closing expenses in
accordance with the terms of the Contract for the sale of the
Property, will be paid at the closing from the proceeds of the
sale.

The balance of the net proceeds after the payment of real estate
commissions and the usual and customary costs of closing as
provided will be disbursed directly from the closing as follows:
(i) $529,523 to County First Bank, plus interest at the rate of $57
accruing after July 31, 2017 (less any credits for payments made
after the date of the Order); and (ii) the balance of the net
proceeds to James Drake.

The Debtor, at least two business days prior to closing of the sale
of the Property, will cause a copy of the settlement statement
(Seller's side) to be submitted to the counsels for County First
Bank and James Drake for approval consistent with the terms of the
Order.

Counsel for County First Bank:

          Jeffrey W. Bernstein, Esq.
          GOOZMAN, BERNSTEIN & MARKUSKI
          9101 Cherry Lane, Suite 207
          Laurel, MD 20708
          Telephone: (301) 953-7480
          Facsimile: (301) 953-1339

Counsel for James Drake:

          Catherine K. Hopkin, Esq.
          TYDINGS & ROSENBERG, LLP

          100 E. Pratt Street, 26th Floor
          Baltimore, MD 21202-1062
          Telephone: (410) 752-9768

The case is In re Roclaire, LLC (Bankr. D. Md. Case No. 10-26899).
Roclaire's counsel is Michael E. Crowson, Esq., at The Law Firm of
Ann Shaw, P.A., in Salisbury, Maryland.


RYCKMAN CREEK: Court Approves Revised Sale Procedures
-----------------------------------------------------
Jeff Montgomery, writing for Bankruptcy Law360, reports that
Ryckman Creek Resources has obtained approved from the Delaware
Bankruptcy Court on revised sale procedures as part of the
Company's "toggle" Chapter 11 plan.

Terms for bid protections will be determined by the court later,
with bids required to increase in increments of $500,000 once the
baseline bid is determined, Law360 relates.

                 About Ryckman Creek Resources

Formed on Sept. 8, 2009, Ryckman Creek Resources, LLC, is engaged
in the acquisition, development, marketing, and operation of a
Natural gas storage facility known as the Ryckman Creek Facility.

The Ryckman Creek Facility is a depleted crude oil and natural gas
reservoir located in Uinta County, Wyoming.  The Company began
development of the reservoir into a natural gas storage facility in
2011.  The Ryckman Creek Facility began commercial operations in
late 2012 and received injections of customer gas and gas purchased
by the Company.  The Debtors have approximately 35 employees.

Ryckman Creek Resources, LLC, Ryckman Creek Resources Holdings LLC,
Peregrine Rocky Mountains LLC and Peregrine Midstream Partners LLC
filed Chapter 11 bankruptcy petitions (Bankr. D. Del. Case Nos.
16-10292 to 16-10295) on Feb. 2, 2016.  The petitions were signed
by Robert Foss as chief executive officer.  Kevin J. Carey has been
assigned the case.

The Debtors have engaged Skadden, Arps, Slate, Meagher & Flom LLP
as counsel, AP Services, LLC, as management provider, Evercore
Group LLC as investment banker, and Kurtzman Carson Consultants LLC
as claims and noticing agent.

On April 11, 2016, Ryckman Creek Resources disclosed total assets
of more than $205 million and total debt of more than $391.2
million.

On Feb. 12, 2016, the Office of the United States Trustee appointed
an Official Committee of Unsecured Creditors.  Counsel for the
Committee are Greenberg Traurig, LLP's Dennis A. Meloro, Esq.,
David B. Kurzweil, Esq., and Shari L. Heyen, Esq.  The Committee
retained Alvarez & Marsal, LLC, as financial advisors.


SALON MEDIA GROUP: BPM LLP Raises Going Concern Doubt
-----------------------------------------------------
Salon Media Group, Inc., filed with the U.S. Securities and
Exchange Commission its annual report on Form 10-K, disclosing a
net loss of $9.57 million on $4.57 million of net revenue for the
year ended March 31, 2017, compared with net loss of $1.96 million
on $6.96 million of net revenue for the year ended March 31, 2016.

BPM LLP in San Francisco, Calif., states that the Company has
suffered recurring losses and negative cash flows from operations
and has an accumulated deficit of $135.0 million as of March 31,
2017.  These conditions raise substantial doubt about its ability
to continue as a going concern.

At March 31, 2017, the Company had total assets of $1.34 million,
total liabilities of $4.26 million, $6.86 million in series A
convertible preferred stock, and $9.78 million in total
stockholders' deficit.

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

                  http://bit.ly/2rQlQbZ

San Francisco, Calif.-based Salon Media Group, Inc., is an online
news and social networking company and an Internet publishing
pioneer.



SALON MEDIA: Appoints Jordana Havriluk as Chief Revenue Officer
---------------------------------------------------------------
Salon Media Group, Inc., appointed Jordana Havriluk as chief
revenue officer of the Company on June 20, 2017.

Ms. Havriluk was employed on Dec. 1, 2016, as the Company's
managing director of revenue and strategy.  Her Amended and
Restated Employment Agreement provides, among other things, for the
following: (a) a base annual salary; (b) eligibility to receive a
target Commission, as determined by programmatic Revenue each
Quarter; and (c) an equity plan.

Ms. Havriluk will be paid a starting base salary of $7,916 paid
semi-monthly, less applicable tax and other withholdings.  She will
be eligible to participate in the Company's Programmatic commission
program.

Subject to the approval of the Company's Board of Directors, she
will be granted an option to purchase 0.25% of fully diluted
options of the Company common stock under the Company's stock
option plan at an exercise price equal to the fair market value of
that stock on her option grant date.

Ms. Havriluk's employment with the Company is "at will"; it is for
no specified term, and may be terminated by her or the Company at
any time, with or without cause or advance notice.

                        About Salon Media

San Francisco, Calif.-based Salon Media Group (OTC BB: SLNM.OB) --
http://www.Salon.com/-- is an online news and social networking
company and an Internet publishing pioneer.

Salon Media reported a net loss attributable to common stockholders
of $10.43 million on $4.57 million of net revenue for the year
ended March 31, 2017, compared to a net loss attributable to common
stockholders of $1.96 million on $6.95 million of net revenue for
the year ended March 31, 2016.

As of March 31, 2017, Salon Media had $1.34 million in total
assets, $4.25 million in total liabilities, $6.86 million in series
A convertible preferred stock and a total stockholders' deficit of
$9.77 million.

BPM LLP, in San Francisco, California, issued a "going concern"
qualification on the consolidated financial statements for the year
ended March 31, 2017, noting that the Company has suffered
recurring losses and negative cash flows from operations and has an
accumulated deficit of $135.0 million as of March 31, 2017. These
conditions raise substantial doubt about its ability to continue as
a going concern.


SALON MEDIA: Incurs $10.4 Million Net Loss in Fiscal 2017
---------------------------------------------------------
Salon Media Group, Inc., filed with the Securities and Exchange
Commission its annual report on Form 10-K disclosing a net loss
attributable to common stockholders of $10.43 million on $4.57
million of net revenue for the year ended March 31, 2017, compared
to a net loss attributable to common stockholders of $1.96 million
on $6.95 million of net revenue for the year ended March 31, 2016.
The increase in net loss was mainly attributed to a $5.6 million
increase in non-cash interest expense from the prior year and an
approximate $0.9 million in non-cash preferred deemed dividends,
both recorded for the beneficial conversion feature of capital
raising transactions during the fiscal year 2017.

The decrease in revenues during fiscal year 2017 stemmed primarily
from an industry shift in advertising dollars away from direct
advertising campaigns toward software-based "programmatic"
advertising.  Following the market trend, in fiscal year 2017, 84%
of the Company's advertising revenue was generated by programmatic
selling and 16% of the Company's advertising revenue was generated
by its direct sales team, which focused mostly on high impact and
higher CPM custom video advertising.  The Company has been making
changes to its infrastructure to capture the greater programmatic
opportunity for display and video advertising inventory, and will
continue to focus its efforts to allow better management of its
advertising inventory and targeting for advertisers.  These efforts
have allowed the Company to improve CPMs from programmatic
advertising by 25% in the quarter ended March 2017 as compared to
the quarter ended March 2016.  However, the higher programmatic
CPMs were offset by a decline in traffic from the same period last
year, which led to a smaller inventory of ad products to sell and a
decline in revenues.

Operating expenses for the twelve months ended March 31, 2017,
declined by 4% to $8.5 million compared to $8.9 million for the
same period last year.  The Company's loss from operations for the
fiscal year 2017 was $3.9 million, compared to a loss from
operations of $2.0 million for fiscal year 2016.

Salon has continued to roll out a strategy to produce original
video content focused on news, politics, and entertainment under
the banner of "Salon Talks," with the goal to add high quality
diversified content to Salon's Website, and to attract premium
video advertising that commands higher CPMs as compared to display
advertising.

Salon was honored for excellence in journalism during the fiscal
year 2017.  As a result of Salon's efforts, the Company received
positive critical acclaim as it was selected as a finalist for
Magazine Industry Newsletter's 2016 Best of the Web Awards in the
category of Scripted/Unscripted Video or Series for the Salon Talk
video series, and again in min's 2017 Magazine Media Awards for
Video Excellence -- original video.  In April 2017, Salon was named
an honoree for the 2016 Webby Awards for its Online Film & Video,
Video Remixes and Mashups category, for Salon's Donald Trump/Big
Lebowski mashup.  Life essay contributor to Salon, Susan Shapiro,
won an American Society for Journalists and Authors award for her
2016 Yom Kippur essay, "The Forgiveness Tour."  The Company is also
proud that its Editor-at-Large, D. Watkins has collaborated on the
new season of the podcast "Undisclosed" which dives into the case
of Freddie Gray and the Baltimore police.

The Company continued collective bargaining with the Writers Guild
of America, East, Inc. during the 2017 fiscal year.  As the Company
has not yet reached an agreement with its union employees, it
remains uncertain how it will impact the Company's financial
status, or if it will have a negative impact on Salon's ability to
obtain additional financing, if necessary.

A key component of Salon's business strategy is to drive audience
growth across platforms on desktop, tablet and mobile because
achieving scale should increase the website's attractiveness to
advertisers.  However, during the year, the Company's focus on
growing traffic has shifted from volume to quality, in order to
maximize the Company's ability to monetize its page views with
higher CPM video and display advertising.  Average monthly unique
visitors to the Salon.com Website during the fiscal year 2017 was
12.7 million, compared to the average number of monthly users in
fiscal year 2016 of 16.6 million, which is a decrease of 23%.  This
decline is attributed primarily to the changes in the algorithms
used by Facebook to promote news content, which led to lower
referral traffic to the Salon.com Website from Facebook.  A decline
in referral traffic from major websites like Yahoo and Twitter, and
implementation of software to remove non-human traffic, also
contributed to the decline.  The traffic low point during the
fiscal year 2017 was the month of September 2016, when the website
attracted 9.6 million unique visitors and 28.6 million page views.
Since September 2016, the Company has returned to growth, with
Google referrals in the six months to March 2017 increasing 21%,
Facebook referrals increasing 17% and unique visitors increasing
8%.

Social media continues to be a major source of referral traffic. It
provides approximately 27.6% of website visitors as of
March 31, 2017, and is a significant focus across the Company.
Salon makes regular updates to the website to optimize content to
be shared on social media with a special focus on the Company’s
mobile platforms.  In March 2017, Salon had approximately 965,000
Facebook "likes," and 953,000 Twitter followers, an annual increase
of 23% and 20% respectively.

"Salon is undergoing a profound transition that is in line with the
future growth of the media industry," said Jordan Hoffner, CEO of
Salon Media Group.  "We have made significant progress in the key
areas of programmatic advertising and video growth and have created
a cost structure that will allow us to scale going forward."

As of March 31, 2017, Salon Media had $1.34 million in total
assets, $4.25 million in total liabilities, $6.86 million in series
A convertible preferred stock and a total stockholders' deficit of
$9.77 million.  BPM LLP, in San Francisco, California, issued a
"going concern"  qualification on the consolidated financial
statements for the year ended March 31, 2017, noting that the
Company has suffered recurring losses and negative cash flows from
operations and has an accumulated deficit of $135.0 million as of
March 31, 2017. These conditions raise substantial doubt about its
ability to continue as a going concern.

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

                     https://is.gd/C438Rt

                       About Salon Media

San Francisco, Calif.-based Salon Media Group (OTC BB: SLNM.OB) --
http://www.Salon.com/-- is an online news and social networking
company and an Internet publishing pioneer.


SANDFORD AND SON: Sale of Philadelphia Property for $147K Approved
------------------------------------------------------------------
Judge Jean K. FitzSimon of the U.S. Bankruptcy Court for the
Eastern District of Pennsylvania authorize the private sale by
Sandford and Son and Jay Sandford of real property located at 7106
North Broad Street, Philadelphia, Pennsylvania, Tax ID #101005900,
to David Jones for $147,000.

The sale is free and clear of any lien, claim, interest, or
encumbrances, with such liens to attach to the proceeds of the sale
in the order of priority.

Notwithstanding the foregoing, proceeds generated by the sale will
be distributed at closing and in the order of priority under
applicable law to the applicable Creditors where there is no
dispute between the Debtors and Creditors as to payment to be made.
Where there is a dispute about the order or amount of a payment,
the proceeds will be held in escrow until the dispute is resolved.

The Order will be effective immediately upon entry, and the 14-day
stay under Fed. R. Bankr. P. 6004(h) is waived.

                     About Sandford and Son
   
Sandford and Son filed a Chapter 11 petition (Bankr. E.D. Pa. Case
No. 14-18330) on Oct. 17, 2014.  The company's owner, Jay
Sandford,
also sought Chapter 11 protection (Case No. 14-18364).

Jay Sandford started buying investment properties in Philadelphia
in the 1970s with his late father, Walter Sandford (former jointly
administered debtor in this case), which they rented out to
tenants.

Sandford and Son estimated assets and liabilities of $1 million to
$10 million as of the bankruptcy filing.

The Hon. Jean K. FitzSimon presides over the cases.

The Debtors tapped John M. Keating, Esq., at Law Office of John M.
Keating, as counsel.


SANDY CREEK: Moody's Lowers Sr. Sec. Rating to B3; Outlook Stable
-----------------------------------------------------------------
Moody's Investors Service has downgraded the senior secured ratings
of Sandy Creek Energy Associates, LP (SCEA or Project or Borrower)
to B3 from B2. Concurrent with this rating action, Moody's revised
the rating outlook for SCEA to stable from negative.

The senior secured credit facilities are comprised of a $1,025
million term loan due 2020 (approx. $874.5 million outstanding at
3/31/17), a $102 million letter of credit facility due 2020 to
backstop Tax-Exempt Variable Rate Notes, and a $75 million working
capital facility due 2020. SCEA owns 64% of the Sandy Creek Energy
Station, a 945 MW single unit, once-through super-critical cycle,
pulverized coal-fired power generating facility in Riesel, Texas.
SCEA is a bankruptcy-remote entity owned by affiliates of LS Power
(Sponsor).

RATINGS RATIONALE

The rating downgrade to B3 from B2 principally reflects the
Project's exposure to sustained weak merchant energy margins and
related cash flow owing to low natural gas prices and low energy
prices in the ERCOT region where the plant operates, which has also
been impacted by increased renewable penetration, and Moody's
expectations that these factors will continue to affect merchant
financial results over the next few years. SCEA is particularly
vulnerable to the weak wholesale power market in ERCOT as it is a
coal-fired generator in a market where natural gas sets the
marginal price for power. Moreover, SCEA has a relatively high cost
structure in the current natural gas environment, although Moody's
understand that management has taken steps to reduce costs going
forward. Moreover, SCEA has very high leverage, and the lower
merchant cash flows have resulted in less excess cash flow being
swept than originally contemplated, resulting in higher debt
balances and greater refinancing risk at debt maturity in 2020.

The debt service coverage ratio (DSCR) for 2016, as calculated by
Moody's, is expected to be 1.42x (and differs from the calculation
of the financial covenant DSCR in the loan documentation as it
excludes cash as well as the debt service reserve letter of credit
from cash flow available for debt service). This DSCR compares with
an expected DSCR of about 2.0x under Moody's original base case at
the time of the financing in 2013. The budget for 2017 produces a
DSCR of 1.26x, according to Moody's calculations, which is even
lower than the DSCR for 2016 primarily due to the expiration of
certain hedges that were important contributors to cash flow.

Although Moody's believes SCEA's financial underperformance is
likely to continue for the next several years in the absence of a
substantial improvement in ERCOT's wholesale power market, the
change in outlook to stable from negative reflects Moody's views
that SCEA can cover debt service over the next year and beyond.
Indeed, the results for the 1Q 2017 appear to bear this out with a
DSCR on a rolling 12 month basis of 1.22x, according to Moody's
calculations, which is close to the full year 2017 budget DSCR of
1.26x. Several actions by the Sponsor underpin this view. Moody's
understand that management has taken steps to reduce costs going
forward, including the negotiation of lower coal transportation
costs with Union Pacific Railroad, its transportation provider. Ash
disposal costs have also been reduced, and an outstanding property
tax dispute between SCEA and the McLennan County (Texas) Taxing
District was settled in the 3Q of 2016 with a lower assessed
property tax value for the plant, resulting in a reduced property
tax liability going forward.

Further, Moody's understand that the Plant is better positioned to
take advantage of any possible upturn in the ERCOT market this
summer, should it occur, as certain scheduled maintenance
activities have already taken place in Q1 2017. Moody's note that
operations have been strong at the plant with a full year 2016
availability factor of 96.3% and a capacity factor of 51%, despite
a four month reserve shutdown period early in the year.
Availability for the 1Q of 2017 was over 99%, and the capacity
factor was approximately 80%, outside of the period in March when
the scheduled maintenance was undertaken. Consequently, SCEA should
be in a good position to capture additional merchant power sales,
especially during the important 3rd quarter of the year when
temperatures in Texas are at their highest, which will help the
Borrower cover the variable costs associated with the merchant
sales and, more importantly, make a contribution toward fixed
costs.

An additional positive factor is the level of SCEA liquidity, which
provides backstop for the issuer through the next few years. The
issuer currently has about $12.6 million of cash on the balance
sheet, plus $41 million of availability under its working capital
facility, as well as a 6-month debt service reserve letter of
credit. Along with the secured term loan, these credit facilities
mature in 2020.

A risk mitigant underpinning the B3 rating is the existence of
contracted cash flows under long-term power purchase agreements
(PPAs) for 30 years with Brazos Electric Power Cooperative, Inc.
for 155 MWs and Lower Colorado River Authority (LCRA: A2, Stable)
for 104MWs. These PPAs provide for stability and predictability to
SCEA's cash flows as the terms of the PPAs allow pass through of
applicable fixed and variable costs, including carbon emissions
costs. Brazos also has a 25% ownership interest in the plant, which
entitles it to 236MWs of the plant's output, while LCRA has an
11.13% interest in the plant (or 105MWs of the plant's output).
Moody's views the presence of SCEA's contract counterparties as
Sandy Creek plant co-owners to be a credit positive, particularly
with respect to working through any disputes and issues, as their
interests as plant owners and contract counterparties are more
aligned. Indeed, all three co-owners were aligned in the decision
to take the plant into reserve shutdown in Nov 2015 -- May 2016.
The plant remained fully available during this period, and
Brazos/LCRA continued to make their contractual capacity payments
during this period. This is tangible evidence of a strong
relationship.

Having said that, the Borrower has significant leverage in its
capital structure. Owing to its financial underperformance, SCEA is
above the target debt balance requiring it to sweep 100% of excess
cash flow after scheduled debt service until its leverage is below
the target debt balance. Despite the 100% excess cash flow sweep,
however, SCEA's debt balance is about 10% above Moody's original
expectations at year-end 2016, and this difference will
increasingly widen based upon the current outlook for power in
ERCOT. In the absence of an unusually strong turnaround in ERCOT,
Moody's anticipates refinancing risk to remain very high for this
issuer. Moreover, should the energy markets in ERCOT remain in the
current condition over the next several years, the likelihood of a
debt restructuring occurring sometime before the 2020 maturity
increases as SCEA's current capital structure is not sustainable
relative to the level of merchant cash flow generation, in the
absence of significant support from the Sponsor.

Rating Outlook

The stable outlook reflects Moody's views that SCEA should be able
to cover its debt service over the next year and beyond owing in
large part for actions taken by the Sponsor to reduce its fixed
operating cost structure and SCEA's liquidity profile. The stable
rating outlook incorporates Moody's views that the plant will
continue to have strong operational performance.

Factors that could lead to a rating upgrade

In light of the downgrade, limited prospects exist for the rating
to be upgraded in the short-term. Longer-term, the rating could be
upgraded if power prices recover in ERCOT and/or new financial
hedges are entered into such that SCEA can be expected to achieve
financial metrics that approach Moody's original expectations
enabling the Project to reduce debt by at least an additional $150
million above the scheduled amortization.

Factors that could lead to a rating downgrade

The outlook could move back to negative and/or the rating could be
downgraded should the expected higher merchant energy sales in the
peak summer period not materialize and/or the Project does not
benefit from cost reduction efforts causing its financial
performance to deteriorate further such that the Borrower's ability
to cover debt service becomes problematic, all of which increases
the prospect of or the timing for a debt restructuring. The rating
could also be downgraded if the Project experiences a sustained
outage impacting its ability to receive capacity and energy
revenues deleveraging.

The principal methodology used in these ratings was Power
Generation Projects published in May 2017.

Sandy Creek Energy Station (Sandy Creek) is a greenfield nominal
945 MW single unit super-critical coal-fired base load electric
generating station located near Riesel, Texas. Ownership of the
Project is held 63.87% by Sandy Creek Energy Associates, LP (SCEA),
a 25% interest by Brazos Sandy Creek Electric Cooperative, Inc.
(Brazos), and an 11.13% interest by Lower Colorado River Authority
(LCRA: A2, Stable).


SCOTT A. BERGER: Hearing on Disclosures Set for July 19
-------------------------------------------------------
The Hon. Erik P. Kimball of the U.S. Bankruptcy Court for the
Southern District of Florida has scheduled for July 19, 2017, at
2:00 p.m., the hearing to consider the approval of Scott A. Berger,
M.D., P.A.'s disclosure statement, referring to the Debtor's plan
of reorganization.

Objections to the Disclosure Statement must be filed by July 12,
2017.

As reported by the Troubled Company Reporter on May 16, 2017, the
Debtor filed with the Court a disclosure statement dated May 3,
2017, referring to the Debtor's plan of reorganization.  Holders of
Class 2 General Unsecured Claims of $1,500 or less or allowed Class
3 claimants who agree to reduce their claim to $1,500 and agree to
be treated as a Class 2 claimant will be paid 25% of their allowed
claim on the Effective Date.

                  About Scott A. Berger, M.D.

Scott A. Berger, M.D., P.A., aka Pain Management Consultants of
South Florida, aka Pain Management Consultants of West Boca, is
based at 9970 Central Park Blvd #401, Boca Raton, Florida.

Scott A. Berger, M.D., P.A., filed for Chapter 11 bankruptcy
protection (Bankr. S.D. Fla. Case No. 16-19155) on June 29, 2016.
Scott A. Berger, MD, director, signed the petition.  The Debtor is
represented by Tarek K. Kiem, Esq., at Rappaport Osborne Rappaport
& Kiem, PL.  The case is assigned to Judge Erik P. Kimball.  The
Debtor estimated assets at $100,000 to $500,000 and debt at $1
million to $10 million at the time of the filing.


SE PROFESSIONALS: Allowed to Use Cash Collateral Through July 22
----------------------------------------------------------------
Judge Donald R. Cassling of the U.S. Bankruptcy Court Northern
District of Illinois authorized SE Professionals, S.C. to use cash
collateral on an interim basis during the period from June 14
through July 22, 2017.

The Debtor is authorized to make the expenditures set forth in the
Budget. The approved Budget for the cash collateral period provides
approximately $115,220 employee expenses; $23,949 rent expense;
$3,300 taxes and fees; $94,309 cost of goods; and $19,027 cost of
operations.  

Bank First National is granted the following adequate protection
for its purported secured interests in property of the Debtor:

     (1) The Debtor will permit Bank First to inspect its boooks
and records;

     (2) The Debtor will maintain and pay premiums for insurance to
cover all of its assets from fire, theft and water damage;

     (3) The Debtor will make available to Bank First evidence of
that which constitutes its collateral or proceeds;

     (4) The Debtor will properly maintain its assets in good
repair and properly manage its business; and

     (5) Bank First will be granted valid, perfected, enforceable
security interests in and to the Debtor's post-petition assets,
including all proceeds and products which are now or hereafter
become property of the estate to the extent and priority of their
alleged pre-petition liens.

A final hearing on the use of cash collateral has been scheduled to
take place on July 18, 2017 at 10:00 a.m.

A full-text copy of the Order, dated June 20, 2017, is available at
http://tinyurl.com/ycnjdkpf


                     About SE Professionals

SE Professionals is a Wisconsin service corporation which employs
licensed optometrists and sells eyewear at three locations in the
Milwaukee, Wisconsin area. The Debtor currently employs
approximately twenty-four persons.

SE Professionals' principal place of business is 840 W. Blackhawk
St., Apt. 413, Chicago, Illinois 60642, which is the residence of
the President, sole director and sole shareholder of the Debtor,
namely, D. King Aymond, M.D.

SE Professionals, S.C. d/b/a Premier Vision filed a Chapter 11
petition (Bankr. N.D. Ill. Case No. 17-18113), on June 14, 2017.
The Petition was signed by King D. Aymond, M.D., president. The
case is assigned to Judge Donald R Cassling. The Debtor is
represented by Arthur G Simon, Esq. at Crane, Heyman, Simon, Welch
& Clar. At the time of filing, the Debtor had $100,000 to $500,000
in estimated assets and $1 million to $10 million in estimated
liabilities.

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


SEARS HOLDINGS: Home President to Get Special Bonuses
-----------------------------------------------------
The Compensation Committee of the Board of Directors of Sears
Holdings Corporation approved changes to the compensation of Sean
Skelley, the Company's president, home services, according to a
Form 8-K filed with the Securities and Exchange Commission.

In connection with those changes, Mr. Skelley entered into a letter
agreement and Special Incentive Award Agreement with the Company.
The Agreement amends the prior letter agreement entered into
between Mr. Skelley and the Company dated as of Sept. 24, 2015, and
provides that Mr. Skelley will be eligible to receive:

   (a) a $125,000 bonus if he is employed by the Company on
       Aug. 31, 2017;

   (b) an additional $125,000 bonus if he is employed by the
       Company on Feb. 3, 2018; and

   (c) an additional $250,000 bonus if he is employed by the
       Company on Feb. 2, 2019, in each case subject to the terms
       of the Agreement, with those bonuses to be credited against
       any fiscal 2017 or fiscal 2018, respectively, annual
       incentive bonuses that would be paid to Mr. Skelley.

In exchange for these additional bonus opportunities, the Agreement
also terminates Mr. Skelley's Executive Severance Agreement, but
the Agreement contains customary non-disclosure, non-solicitation
and non-competition restrictions contained in the Company's form
executive severance agreement.  If Mr. Skelley is involuntarily
terminated by the Company, other than for cause (as defined in the
Agreement), he will receive a pro-rata portion of the applicable
bonus for the period in which the termination date occurs.  If
either Mr. Skelley's employment is terminated by the Company for
cause (as defined in the Agreement) or Mr. Skelley voluntarily
terminates his employment for any reason, then Mr. Skelley will
forfeit any amounts not yet payable to him under the Agreement.
Mr. Skelley also will be eligible to receive a bonus upon the
completion of any material externalization effort of the Company's
Home Services business, with the amount of the bonus to be
determined by the Compensation Committee in its sole and absolute
discretion.  No other changes were made to Mr. Skelley's current
compensation arrangements.

Additionally, as part of the Company's previously announced
initiatives to simplify its organizational structure, effective as
of June 15, 2017, Stephan H. Zoll will depart from his position as
president, online of the Company.  Mr. Zoll is entitled to certain
benefits and is subject to certain restrictions under the terms of
his existing agreements with the Company, as further described in
the Company's definitive proxy statement on Schedule 14A, filed
with the Securities and Exchange Commission on March 31, 2017.

                         About Sears

Sears Holdings Corporation (NASDAQ: SHLD) --
http://www.searsholdings.com/-- is an integrated retailer focused  

on seamlessly connecting the digital and physical shopping
experiences to serve members.  Sears Holdings is home to Shop Your
Waytm, a social shopping platform offering members rewards for
shopping at Sears and Kmart as well as with other retail partners
across categories important to them.

The Company operates through its subsidiaries, including Sears,
Roebuck and Co. and Kmart Corporation, with more than 2,000 full-
line and specialty retail stores in the United States and Canada.

Kmart Corporation and 37 of its U.S. subsidiaries filed voluntary
Chapter 11 petitions (Bankr. N.D. Ill. Lead Case No. 02-02474) on
Jan. 22, 2002.  Kmart emerged from chapter 11 protection on May 6,
2003, pursuant to the terms of an Amended Joint Plan of
Reorganization.  Skadden, Arps, Slate, Meagher & Flom, LLP,
represented Kmart in its restructuring efforts.  Its balance sheet
showed $16,287,000,000 in assets and $10,348,000,000 in debts when
it sought chapter 11 protection.

Kmart bought Sears, Roebuck & Co., for $11 billion to create the
third-largest U.S. retailer, behind Wal-Mart and Target, and
generate $55 billion in annual revenues.  Kmart completed its
merger with Sears on March 24, 2005.

Sears Holdings reported a net loss of $2.22 billion on $22.13
billion of revenues for the fiscal year 2016, compared to a net
loss of $1.12 billion on $25.14 billion of revenues for the fiscal
year 2015.

                      *     *     *

As reported by the TCR on Jan. 30, 2017, Fitch Ratings has affirmed
the Long-term Issuer Default Ratings (IDR) on Sears Holdings
Corporation (Holdings) and its various subsidiary entities
(collectively, Sears) at 'CC'.

The TCR reported on Dec. 19, 2016, that S&P Global Ratings affirmed
its ratings, including the 'CCC+' corporate credit rating, on Sears
Holdings Corp.  "We revised our assessment of Sears' liquidity to
less than adequate from adequate based on the impact of continued
and meaningful cash use and constraints on contractually committed
liquidity from cash use and incremental secured funded borrowings,"
said credit analyst Robert Schulz.  "We do not incorporate any
significant prospective asset sales or execution of strategic
alternatives for legacy hardline brands into our assessment of
committed liquidity."

As reported by the TCR on Jan. 24, 2017, Moody's Investors Service
downgraded Sears Holdings Corporate Family Rating to 'Caa2' from
'Caa1'.  Sears' 'Caa2' rating reflects the company's sizable
operating losses - Domestic Adjusted EBITDA (as defined by Sears)
was a loss of $884 million in the latest 12 month period.


SECURITIES INVESTOR: Securities Trading Since 80s, Madoff Says
--------------------------------------------------------------
Alex Wolf of Bankruptcy Law360 reports that Helen D. Chaitman of
Chaitman LLP, a longtime attorney for Bernard L. Madoff Securities
LLC investors, said Mr. Madoff said in a deposition testimony that
he genuinely maintained a multibillion-dollar portfolio of trading
securities in the 1980s.

This testimony "totally destroyed" findings that Madoff's trades
stretching back to the 1970s were entirely fictitious, as BLMIS
trustee Irving H. Picard has long argued, Ms. Chaitman said during
a discovery conference hearing, Law360 cites.

The case is Securities Investor Protection Corp. v. Bernard L.
Madoff Investment Securities LLC, case number 1:08-ap-01789, in the
U.S. Bankruptcy Court for the Southern District of New York.


SHIRAZ HOLDINGS: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Shiraz Holdings, LLC
        920 Iris Drive
        Delray Beach, FL 33483

Business Description: Lawrenceville, GA-based Shiraz Holdings is a

                      real estate agency.

Chapter 11 Petition Date: June 26, 2017

Case No.: 17-17968

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

Judge: Hon. Paul G. Hyman, Jr.

Debtor's Counsel: Thomas M. Messana, Esq.
                  MESSANA, P.A.
                  401 E Las Olas Blvd # 1400
                  Fort Lauderdale, FL 33301
                  Tel: 954.712.7400
                  Fax: 954.712.7401
                  E-mail: tmessana@messana-law.com

Estimated Assets: $10 million to $50 million

Estimated Liabilities: $10 million to $50 million

The petition was signed by Jordan A. Satary, managing member.

Debtor's List of 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
357 Hiatt Drive, LLC                                     $672,370
3920 RCA Boulevard
Suite 2002
Palm Beach
Gardens, FL 33410

360 Medical Supplies                  Business Loan       $540,000
815 Progress Court
Suite A
Lawrenceville, GA
30043

Cedars Creek Office                                     $2,548,188
Park, LLC
2055 Sugerloaf Circle
Suite 400
Duluth, GA 30097

Clio Laboratories                     Business Loan     $1,025,000
1180 Beaver Ruin Road
Suite B
Norcross, GA 30093

Collections: The                       Berkley Net          $9,321
Dillon Law Firm, PC                   Workers Comp
2346 Wisteria Drive                     Insurance
Suite 220
Snellville, GA 30078

Dickey, John Lewis                                        $908,784
2431 Quantum Blvd.
Boynton Beach, FL
33426

Elite Diagnostics                      Business Loan      $100,000
Laboratories
1130 Hurricane
Shoals Road NE
Suite 1300
Lawrenceville, GA
30043

Emad Deeb                              Business Loan      $480,000
1848 Brockett Road
Tucker, GA 30084

Gwinnett County                                            $75,748
Tax Commissioner

Gwinnett County                                            $10,184
Tax Commissioner

Gwinnett County                                             $8,143
Tax Commissioner

Hanan Sarhan                           Business Loan      $350,000
4158 Hog Mountain
Road NE
Hoschton, GA 30548

Hanane Jabar                           Business Loan      $200,000
3636 Rosecliff
Terrace
Buford, GA 30519

Henry, Paul James                                         $908,784
4015 Dorado Drive
Palm Beach
Gardens, FL 33418

Ortiz, Maria Ines                                       $1,110,736
5147 Beechwood Road
Delray Beach, FL
33484

Palm Beach County                                          $35,013
PO Box 3353
West Palm Beach,
FL 33402-3353

Stanley Kraftsow Trust                                    $500,000
7411 Fisher Island
Miami Beach, FL
33109

Trecastagni                                             $1,500,000
Management South
2614 Tamiami Trail
N. 510
Naples, FL 34103

United States                                              $20,019
Treasury
Internal Revenue
Service

United States                                              $35,203
Treasury
Internal Revenue


SIRIUS XM: Moody's Rates Proposed $1.5BB Senior Unsec. Notes Ba3
----------------------------------------------------------------
Moody's Investors Service assigned a Ba3 rating to Sirius XM Radio
Inc.'s proposed $1.5 billion senior unsecured notes consisting of a
$500 million 5-year tranche and $1 billion 10-year tranche. Net
proceeds from the issuance will be used to retire the existing $500
million 4.25% senior unsecured notes due May 2020 (which are
currently callable) and $600 million 5.75% senior unsecured notes
due 2021 (callable in August), and repay approximately $400 million
of outstanding borrowings under the $1.75 billion revolving credit
facility (RCF). Moody's views the transaction favorably given the
extension of the debt maturity structure. The rating outlook is
stable.

Ratings Assigned:

Issuer: Sirius XM Radio Inc.

$500 Million Senior Unsecured Notes due 2022 -- Ba3 (LGD-4)

$1.0 Billion Senior Unsecured Notes due 2027 -- Ba3 (LGD-4)

The assigned ratings are subject to review of final documentation
and no material change to the size, terms and conditions of the
transaction as advised to Moody's. Moody's will withdraw the Ba3
instrument ratings on the 4.25% notes and 5.75% notes upon their
full repayment.

RATINGS RATIONALE

The debt offering is credit neutral given that proceeds will be
used to retire an equivalent amount of existing debt and Moody's
expects pro forma leverage to remain at approximately 3.65x total
debt to EBITDA (as of 3/31/17, including Moody's adjustments),
which is below the 4.5x downgrade trigger.

Sirius XM's Ba3 Corporate Family Rating (CFR) embeds the company's
moderate leverage profile counterbalanced by its aggressive
financial policies. While the company benefits from high EBITDA
margins in the 35% range (including Moody's adjustments) with more
than 70% free cash flow conversion, the bulk of excess cash has
been diverted to share buybacks, a credit negative that restrains
the rating. Majority ownership by Liberty Media Corporation also
weighs on the rating and poses considerable event risk given
Liberty Media's track record for acquisitions and
shareholder-friendly transactions. Since December 2012, the company
increased net debt balances by $3.6 billion to support $8.3 billion
of stock buybacks under the current $10 billion share repurchase
program, of which $1.7 billion remains available. Despite the
increase in total debt to EBITDA from 2.8x (Moody's adjusted as of
3/31/13), financial leverage ratios along with other credit metrics
have remained well-positioned at the Ba3 rating level; however,
ratings are constrained by Moody's expectation that Sirius XM will
continue to fund share repurchases or engage in M&A activity by
expanding debt. Further, Moody's expects the pace of revenue growth
to be muted reflecting smaller increases in US new automobile
deliveries and by the 1.8%-1.9% monthly churn on a larger self-pay
subscriber base.

Looking forward, free cash flow growth will be restrained by higher
interest payments on growing debt balances, the new quarterly
dividend and spending on satellite replacements, which began in the
second half of last year and will continue into 2018, followed by
increased tax payments when NOLs are exhausted sometime in 2019.
Moody's expects 2017 free cash flow to be in a range of $1.1-$1.3
billion compared to $1.47 billion produced in 2016. Despite the
likelihood for higher debt balances, Moody's believes credit
metrics will remain within the Ba3 category as the self-pay
subscriber base and operating performance of Sirius XM will be
supported over the next 12-18 months by deliveries of new light
vehicles sustained at roughly 17.4 million units and improved used
car segment penetration.

Liquidity is very good (SGL-1) with availability under the $1.75
billion RCF. At the end of the March quarter, $530 million of
borrowings were outstanding on the RCF. However, in recent months
Sirius XM drew further under the facility to fund several cash
outlays including the: (i) $172.5 million first installment payment
to purchase Pandora's Series A convertible preferred stock in early
June; (ii) recapitalization of Sirius XM Canada in May, which
required a $150 million cash contribution; (iii) $115 million
acquisition of Automatic Labs in April; and (iv) ongoing share
repurchase program. Following repayment of RCF borrowings, Moody's
expects approximately $600 million to remain outstanding on the
revolver.

Rating Outlook

The stable rating outlook reflects Moody's view that Sirius XM will
increase its self-pay subscriber base due to sustained demand for
new vehicles in the US and growing availability of satellite radio
in used cars both of which will contribute to higher revenue and
EBITDA. The outlook incorporates Moody's expectations that Sirius
XM will maintain very good liquidity, even during periods of
satellite construction, potentially increase leverage above current
levels consistent with management's 4x as-reported leverage target,
and share repurchases and/or dividends will likely be funded from
revolver advances, new debt issuance and/or operating cash flow.
The outlook does not incorporate leveraging transactions or a level
of shareholder distributions that would negatively impact liquidity
or sustain total debt to EBITDA above 4.5x (Moody's adjusted).

What Could Change the Rating -- Up

Ratings could be upgraded if management demonstrates a commitment
to balance debt holder returns with those of its shareholders.
Moody's would also need assurances that the company will operate in
a financially prudent manner consistent with a higher rating. A
track record for sustaining total debt to EBITDA below 3.5x
(Moody's adjusted) and free cash flow to debt above 12% (Moody's
adjusted) even during periods of satellite construction could also
lead to higher ratings.

What Could Change the Rating -- Down

Ratings could be downgraded if Moody's expects total debt to EBITDA
will be sustained above 4.5x (Moody's adjusted) or free cash flow
generation were to fall below targeted levels as a result of
subscriber losses due to a potentially weak economy or customer
migration to competing media services or due to functional problems
with satellite operations. A weakening of liquidity below expected
levels as a result of share repurchases, dividends, capital
spending, or additional acquisitions could also result in a
downgrade.

The principal methodology used in these ratings was Media Industry
published in June 2017.

Headquartered in New York, NY, Sirius XM Radio Inc., is a
wholly-owned operating subsidiary of Sirius XM Holdings Inc., which
provides satellite radio services in the United States and Canada
through a fleet of five owned satellites (SIRIUS FM-5, SIRIUS FM-6,
XM-3, XM-4 and XM-5). The company creates and broadcasts
commercial-free music; premier sports talk and live events; comedy;
news; exclusive talk and entertainment; and comprehensive Latin
music, sports and talk programming. Sirius XM services are
available in vehicles from every major car company in the US, and
programming is also available online as well as through
applications for smartphones and other internet connected devices.
Sirius XM reported 31.6 million subscribers, including 26.2 million
self-pay subscribers, and reported $5.1 billion in LTM revenue as
of March 31, 2017.


SIRIUS XM: S&P Rates Proposed $1.5BB Unsec. Notes 'BB'
------------------------------------------------------
S&P Global Ratings assigned its 'BB' issue-level rating and '3'
recovery rating to New York City-based satellite radio company
Sirius XM Radio Inc.'s proposed $500 million senior unsecured notes
due 2022 and $1 billion senior unsecured notes due 2027.  The '3'
recovery rating indicates S&P's expectation for meaningful recovery
(50%-70%; rounded estimate: 55%) of principal in the event of a
payment default.

S&P expects that Sirius XM will use the proceeds from the note
issuance to repay its $500 million 4.25% senior unsecured notes due
2020, $600 million 5.75% notes due 2021, and a portion of the
revolving credit facility.

Pro forma for the proposed senior note issuance and its recent
investment in

Pandora Inc., Sirius' leverage is roughly 3.5x.  S&P expects
leverage will remain in the 3x-4x range at the current rating
level, with healthy growth prospects offsetting any debt-financed
shareholder returns.  Over the past four years, Sirius has returned
more than $8 billion to shareholders, partly funded with
incremental debt, however its leverage levels have stayed in the
low- to mid-3x range for the last three years, an increase from
1.9x as of December 2012.

RATINGS LIST

Sirius XM Radio Inc.
Corporate Credit Rating                  BB/Stable/--

New Ratings

Sirius XM Radio Inc.
Senior Unsecured
$500 million senior notes due 2022       BB
  Recovery Rating                         3(55%)
$1 billion senior notes due 2027         BB
  Recovery Rating                         3(55%)


SUGARMAN'S PLAZA: $8M Purchase Now Includes $1.5M Note
------------------------------------------------------
Sugarman's Plaza Ltd. Partnership asks the U.S. Bankruptcy Court
for the Eastern District of New York to authorize the modification
of payment for the private sale of substantially all assets to
Steve Deutsch for $8,000,000.

By Order, entered June 14, 2017, the Court authorized the Debtor
to, among other things, sell all of its right, title and interest
in and to the Property to the Purchaser, or an entity to be formed
by him, for $8,000,000 in accordance with the Sale Agreement.

The Debtor and the Purchaser originally desired to close the Sale
on June 26, 2017, and the Debtor's special real estate counsel is
in the process of preparing the closing documents.  However, it has
recently become apparent that (i) the Purchaser is unable to fully
fund the purchase price and (ii) the closing date will have to be
adjourned.  Therefore, the Debtor must request a hearing to approve
the sale as soon as possible so that the closing can be completed
before the June 30, 2017 deadline.  The Debtor respectfully asks
that the hearing to consider the requested relief be held on June
28, 2017.

As an accommodation to the Purchaser, and to enable the transaction
to close, the Debtor has proposed to accept a Note issued by the
Purchaser in the amount of $1,500,000, payable six months from the
closing date, at a rate of 4% interest per annum.  The Note will be
secured by a Second Mortgage on the assets being sold.  The Note
and Mortgage are in draft form.  They are not intended to be
finalized until the closing.  The Debtor asks the Court to
authorize it to close the transaction as authorized under the Sale
Approval Order but permitting the Debtor to accept as part of the
purchase price the Note and Mortgage.

A copy of the Note and Mortgage attached to the Motion is available
for free at:

        http://bankrupt.com/misc/Sugarmans_Plaza_156_Sales.pdf

The change in the means of payment is not expected to affect (i)
payment of entities entitled to be paid at closing, (ii) payment of
administrative or priority claims against the estate or (iii)
payment to non-priority unsecured creditors.  The only entity
affected by the change in purchase price is expected to be the
Debtor's equity security holders, and they have accepted the
change.

Due to the time pressures set forth, the Debtor will provide notice
of the hearing by hand delivery, overnight courier service, fax or
electronic mail of a copy of the Motion, all exhibits annexed
thereto and all other papers upon which it is based upon all Notice
Parties.  The Debtor respectfully submits that such notice is
appropriate under the circumstances of this case and the time
constraints imposed.

                   About Sugarman's Plaza LP

Sugarman's Plaza Limited Partnership operates a business located
at
600 Scranton Carbondale Highway, Archbald PA 18403.  The premises
consist of approximately 455,000 square feet of land containing a
store, warehouse, office space and parking lot.  It rents the
premises to various tenants.

Sugarman's Plaza LP sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D.N.Y. Case No. 16-42496) on June 7,
2016.  The petition was signed by Chaim Laufer, general partner of
TSC Associates.  At the time of the filing, the Debtor estimated
its assets and liabilities at $1 million to $10 million.

The case is assigned to Judge Elizabeth S. Stong.

David Carlebach, Esq., at The Carlebach Law Group, originally
served as bankruptcy counsel to the Debtor.  Carlebach was later
substituted by Ira R. Abel, Esq., at the Law Office of Ira R.
Abel.

The Debtor also hired Phillip M. Stern and Co. as its accountant;
CPG Interactive as email marketing service provider; and NAI
Hanson
as real estate broker.

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

On September 2, 2016, the Debtor filed a disclosure statement,
which explains its proposed Chapter 11 plan of reorganization.


T K MINING: Gets Conditional Approval for Plan Outline
------------------------------------------------------
The U.S. Bankruptcy Court for the District of Colorado on June 20
granted conditional approval to T K Mining Services, LLC's
disclosure statement, allowing the company to start soliciting
votes from creditors.

T K Mining's plan is based upon a sale of substantially all of its
assets to Pennsylvania-based Compliance Staffing Agency LLC for
$950,000.

T K Mining believes that the sale proceeds, together with
additional funding in the amount of $400,000 provided by an
agreement between its manager David Schaaf and two large creditors,
will be sufficient to satisfy all of its creditors and all of the
non-affiliated creditors of its parent company TK Holdings, Ltd.
and affiliates.

Some creditors have agreed to accept less than the full amount of
their claims to facilitate the sale and enable the available cash
to be sufficient to pay the other creditors in full, according to T
K Mining's latest disclosure statement filed on June 13.

A copy of the disclosure statement is available for free at
https://is.gd/wHoMIW

                    About T K Mining Services

T K Mining Services, LLC, is engaged in the business of providing
mining services from its Delta, Colorado location.

T K Mining Services sought Chapter 11 protection (Bankr. D. Col.
Case No. 16-21016) on Nov. 10, 2016.  The petition was signed by
Keith Burhdorf, manager.  The Debtor estimated assets of $500,000
to $1 million and debt of $1 million to $10 million.

The case is assigned to Judge Elizabeth E. Brown.

The Debtor tapped Thomas F. Quinn, Esq., at Thomas F. Quinn, P.C.
as counsel.

No trustee, examiner, or statutory creditors' committee has been
appointed in the Chapter 11 case.  TKM continues to operate its
business in the ordinary course.


THOMAS REYNOLDS: Sale of Lewisburg Property Approved
----------------------------------------------------
Judge Frank W. Volt of the U.S. Bankruptcy Court for the Southern
District of West Virginia authorized the sale by Thomas Phillip and
Angela Faye Reynolds of 78 acres of real estate located at U.S. 219
North, Lewisburg, West Virginia, described as Lewisburg Corp. Tax
District, Map 6, Parcels: 0012 0000 0000, 0013 0000 6001, 0013 0000
6002, 00133 0000 6003, 0013 0000 6004, to Layton Hanna, Gary
Canterbury, Nathan Herstnan, and Ethan Reynolds or their assigns.

The sale is free and clear of any and all liens, claims,
liabilities, interests and encumbrances whatsoever.  However, the
sale is subject to compromise and payment of liens and claims
against the estates of W.T. and Sybil Reynolds.

At the Closing, the Debtors are authorized to pay closing costs
customarily paid by sellers of real estate, including but not
limited to transfer taxes and the Debtors' pro-rata share of real
estate taxes.  The commission of Old Spruce Realty in an amount
equal to 6% of the gross proceeds of sale is approved and will be
paid at Closing.  The Debtors' motion to carve out funds for
payment administrative expenses as set forth in the Sale Motion
from sale proceeds is approved.

The Debtors are authorized to distribute net proceeds of sale to
claimants and lien holders as set forth in the Sale Motion and to
pay any remaining net sale proceeds to their Counsel Supple Law
Office to hold in trust until further Order of the Court is
approved.

Pursuant to Rule 6004(b) of the Federal Rules of Bankruptcy
Procedure, the Order will be effective immediately upon entry.

A copy of the list of claimants and lien holders attached to the
Order is available for free at:

         http://bankrupt.com/misc/Thomas_Reynolds_166_Order.pdf

Thomas Phillip Reynolds sought Chapter 11 protection (Bankr. S.D.
W.Va. Case No. 14-50061) on March 24, 2014.


TIDEWATER INC: Reacts to Plan Hearing Adjournment Motion
--------------------------------------------------------
BankruptcyData.com reported that Tidewater Inc. filed with the U.S.
Bankruptcy Court an objection to the ad hoc equity committee's
emergency request for adjournment of the joint Disclosure Statement
and Plan hearing. The objection asserts, "Putting aside that the
Motion was filed before the Equity Committee was even formed, the
Debtors still believe such relief is unwarranted.  As the Court
acknowledged at the first-day hearing in these chapter 11 cases,
the nature of the Debtors' business requires a prompt proceeding
through the chapter 11 process. Recognizing this, the Debtors spent
several months negotiating a meaningful transaction with
substantial creditor support in order to implement prepackaged
chapter 11 cases. And, the creditors have spoken.  The Prepackaged
Plan has the overwhelming support of approximately 83% in number of
voting holders of Class 3 Claims (General Unsecured Claims) and
approximately 80% in amount of Claims of voting holders in Class 3
-- the only class entitled to vote on the Prepackaged Plan."

As previously reported by The Troubled Company Reporter, the
Debtors will return to the Bankruptcy on June 28, 2017, for a
hearing to consider confirmation of their Joint Prepackaged Chapter
11 Plan of Reorganization.

                     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; Ernst & Young as tax advisor; and Epiq Bankruptcy
Solutions, LLC, as administrative advisors, and claims and
solicitation agent.

An unofficial committee of noteholders of Tidewater Inc., et al.,
has retained retained Paul, Weiss, Rifkind, Wharton & Garrison LLP,
as restructuring counsel, and Blank Rome LLP, as maritime counsel
in connection with restructuring discussions.


TOWERSTREAM CORP: Will Reclassify L-T Debt as Current Liabilities
-----------------------------------------------------------------
The Chairman of the Board of Directors, Chairman of the Audit
Committee, Chief Executive Officer and Chief Financial Officer of
Towerstream Corporation determined that the Company's financial
statements which were included in its annual report for the year
ended Dec. 31, 2016, and quarterly report for the quarter ended
March 31, 2017, should no longer be relied upon as a result of a
non-financial covenant and the timing of the written waiver
received by the Company.

On Oct. 16, 2014, Melody Business Finance, LLC, as administrative
agent for certain lenders, entered into a loan agreement with the
Company.  On June 14, 2017, the Lender delivered to the Company a
"Waiver to Loan Agreement" waiving obligations of the Company to
provide an audited report of its auditors covering the Dec. 31,
2016, audited financial statements "without a 'going concern' or
like qualification or exception and without any qualification or
exception as to the scope of such audit" as provided in Section
6.1(a)(i) of the Loan Agreement.  The effective date of the waiver
is March 31, 2017.  Accordingly, the Waiver is effective
retroactive to the date on which the Company's auditors' report
concerning the Dec. 31, 2016, financial statements which included a
"going concern" explanatory paragraph was issued.

The Company's Chief Financial Officer discussed the matter with its
independent registered public accounting firm, and, after those
discussions, determined to reclassify long term debt with a net
carrying value of $31,487,253 and $32,099,766 as current
liabilities as of Dec. 31, 2016, and March 31, 2017.  The Lender
has not provided the Company any notice of Default or any Event of
Default, as those terms are defined in the Loan Agreement, and has
waived for all purposes the Dec. 31, 2016, going concern covenant
requirement.  There were no other changes to the Company's
previously reported assets, total liabilities, net loss or loss per
share of common stock.

                  About Towerstream Corporation

Towerstream Corporation (OTCQB:TWER / www.towerstream.com) is a
fixed-wireless fiber alternative company delivering high-speed
Internet access to businesses.  The Company offers broadband
services in twelve urban markets including New York City, Boston,
Los Angeles, Chicago, Philadelphia, the San Francisco Bay area,
Miami, Seattle, Dallas-Fort Worth, Houston, Las Vegas-Reno, and the
greater Providence area.

Towerstream reported a net loss attributable to common stockholders
of $22.15 million on $26.89 million of revenues for the year ended
Dec. 31, 2016, compared to a net loss attributable to common
stockholders of $40.48 million on $27.90 million of revenues for
the year ended Dec. 31, 2015.  As of March 31, 2017, Towerstream
had $31.41 million in total assets, $37.72 million in total
liabilities, and a stockholders' deficit of $6.31 million.

Marcum LLP, in New York, NY, issued a "going concern" qualification
on the consolidated financial statements for the year ended Dec.
31, 2016, citing that the Company has incurred significant losses
and needs to raise additional funds to meet its obligations and
sustain its operations.  These conditions raise substantial doubt
about the Company's ability to continue as a going concern.


TOWN SPORTS: Farallon Funds No Longer Own Shares as of June 16
--------------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, the following reporting persons disclosed that as of
June 16, 2017, they have ceased to beneficially own shares of
common stock, par value $0.001 per share, of Town Sports
International Holdings, Inc:

    * Farallon Capital Partners, L.P.
    * Farallon Capital Institutional Partners, L.P.
    * Farallon Capital Institutional Partners II, L.P.
    * Farallon Capital Institutional Partners III, L.P.
    * Farallon Capital Offshore Investors II, L.P.
    * Farallon Partners, L.L.C.
    * Philip D. Dreyfuss
    * Michael B. Fisch
    * Richard B. Fried
    * David T. Kim
    * Monica R. Landry
    * Michael G. Linn
    * Ravi K. Paidipaty
    * Rajiv A. Patel
    * Thomas G. Roberts, Jr.
    * William Seybold
    * Andrew J. M. Spokes
    * John R. Warren
    * Mark C. Wehrly

On June 16, 2017, the Farallon Funds consummated private sales of
an aggregate of 3,850,000 Shares to HG Vora Special Opportunities
Master Fund, Ltd.  On June 19, 2017, the Farallon Funds consummated
private sales of an aggregate of 210,082 Shares to Mr. Patrick
Walsh.  The aggregate of 4,060,082 Shares sold in those
transactions constituted all of the Shares held by the Farallon
Funds, as a result of which the Reporting Persons no longer
beneficially own any Shares.

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

                    https://is.gd/bbAnfp

                     About Town Sports

New York-based Town Sports International Holdings, Inc., through
its subsidiaries, operated 151 fitness clubs as of March 31, 2016,
comprising 104 New York Sports Clubs, 27 Boston Sports Clubs, 12
Washington Sports Clubs (one of which is partly-owned), five
Philadelphia Sports Clubs, and three clubs located in Switzerland,
and three BFX Studio locations.  In addition, the Company also has
one partly-owned club that operated under a different brand name in
Washington, D.C. as of March 31, 2016.  These clubs collectively
served approximately 553,000 members as of March 31, 2016.

Town Sports posted net income of $8.04 million for the year ended
Dec. 31, 2016, compared to net income of $21.15 million for the
year ended Dec. 31, 2015.  As of Dec. 31, 2016, Town Sports had
$235.87 million in total assets, $321.54 million in total
liabilities and $85.67 million total stockholders' deficit.

As of March 31, 2017, Town Sports had $239.28 million in total
assets, $326.69 million in total liabilities and a total
stockholders' deficit of $87.41 million.

                        *    *    *

As reported by the TCR on March 14, 2016, Standard & Poor's Ratings
Services said it raised its corporate credit rating on Town Sports
International Holdings to 'CCC+' from 'SD'.

The TCR reported on May 10, 2017, that Moody's Investors Service
changed the ratings outlook for the debt of Town Sports
International Holdings, Inc. to stable from negative.  At the same
time, Moody's affirmed the Company's Corporate Family Rating (CFR)
and Probability of Default Rating (PDR) at Caa2 and Caa2-PD,
respectively, and its Speculative Grade Liquidity Rating at SGL-3,
while also upgrading the company's senior secured credit facilities
rating to Caa1 from Caa2.  Town Sports' Speculative Grade Liquidity
Rating is SGL-3.  According to Moody's analyst David Berge, "Town
Sports has made progress in stabilizing the fee-based portion of
its revenue stream, which is an important early step in the
company's recovery.  The ability to grow its membership base while
demonstrating the viability of its pricing strategy in the
highly-competitive fitness club sector will be key to future
improvement in the company's credit profile."


TROJAN BATTERY: S&P Lowers CCR to 'B' on Limited Covenant Headroom
------------------------------------------------------------------
S&P Global Ratings lowered its corporate credit rating on
U.S.-based Trojan Battery Co. LLC to 'B' from 'B+'.

At the same time, S&P lowered its issue-level rating on the
company's senior secured credit facility to 'B' from 'B+'.  The '3'
recovery rating remains unchanged, indicating S&P's expectation for
meaningful recovery (50%-70%; rounded estimate: 50%) in the event
of a payment default.

Finally, S&P placed all of its ratings on Trojan Battery Co. on
CreditWatch with negative implications.

The downgrade reflects the declining covenant cushion under the
company's net leverage covenant.  Trojan's cushion under the net
leverage covenant on its senior secured credit facility has
decreased from over 15% as of Aug. 31, 2016, to just under 10% as
of Feb. 28, 2017, due to step-downs in the leverage covenant and
the company's weaker-than-expected profitability in the first half
of fiscal-year 2017.  The CreditWatch negative placement reflects
the one-in-two chance that S&P will lower its ratings on Trojan
during the next year if the headroom under its financial covenant
continues to decline.

S&P could lower its ratings on Trojan if the company's headroom
under its net leverage ratio covenant continues to decline.
Specifically, S&P could lower its rating if the company's headroom
declines to less than 5%.  If S&P believes that a breach of the
company's net leverage covenant is likely, it could lower its
corporate credit rating on Trojan by multiple notches.

S&P could consider removing its ratings on Trojan from CreditWatch
and assigning a stable outlook if the company increases its
covenant headroom to more than 10% by improving its profitability
and paying down its debt or amending its senior secured facility's
credit agreement.

   -- S&P lowered its issue-level rating on Trojan Battery's
      senior secured revolving credit facility and senior secured
      term loan to 'B' from 'B+'.  The '3' recovery rating remains

      unchanged, indicating S&P's expectation for meaningful
      recovery (50%-70%; rounded estimate: 55%) in the event of a
      payment default.

   -- S&P's simulated default scenario contemplates a default in
      2020 due to a severe economic downturn that leads to a major

      delay in the replacement of lead-based batteries, the loss
      of market share to its competitors, and unexpected
      volatility in the cost of lead.

   -- S&P used a 5x EBITDA multiple reflecting the company's
      operations primarily in the niche lead acid battery market,
      its cyclical end markets, and the risks associated with its
      top original equipment manufacturer customers switching to a

      competitor given its significant customer concentration.

   -- Revolver will be 85% drawn at default;

   -- LIBOR at 2.50% in our assumed default year; and

   -- All debt obligations include six months of outstanding
      interest.

   -- Emergence EBITDA: $29 million

   -- Multiple: 5.0x

   -- Gross recovery value: $146 million

   -- Net recovery value for waterfall after admin expenses (5%):
      $139 million

   -- Obligor/nonobligor valuation split: 100%/0%

   -- Estimated first-lien claim: $259 million

   -- Value available for first-lien claim: $139 million

     -- Recovery range for first-lien claim: 50%-70% (rounded
        estimate: 50%)


UBIQUITY INC: Hall & Company Raises Going Concern Doubt
-------------------------------------------------------
Ubiquity, Inc., filed with the U.S. Securities and Exchange
Commission its annual report on Form 10-K, disclosing a net loss of
$36.75 million on $44,550 of revenues for the year ended December
31, 2015, compared with net loss of $24.70 million on $67,835 of
revenues for the year ended December 31, 2014.

Hall & Company Certified Public Accountants and Consultants in
Irvine, Calif., states that the Company has negative working
capital, has incurred losses from operations for each of the past
two years and has not yet produced continuing revenues from
operations. These factors raise substantial doubt about the
Company's ability to continue as a going concern.

At December 31, 2015, the Company had total assets of $1.20
million, total liabilities of $23.83 million, and -$22.63 million
in total stockholders' deficit.

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

                  http://bit.ly/2u3iaEl

Ubiquity, Inc., provides a platform that enables anyone to connect
to internet-based content on any type of device.  The Company's
product, the Sprocket can be downloaded onto any type of device and
then customized to provide the user with access to all web-based
content, social media outlets, video-based content, private
networks, social networks, personalized files, intelligent search,
and all other media.


UPLIFT RX: Trustee Taps GlassRatner as Financial Advisor
--------------------------------------------------------
The Chapter 11 trustee for Uplift Rx, LLC seeks approval from the
U.S. Bankruptcy Court for the Southern District of Texas to hire a
financial advisor.

Ronald Glass, the bankruptcy trustee, proposes to hire GlassRatner
Advisory & Capital Group LLC to provide these services in
connection with the Chapter 11 cases of Uplift Rx and its
affiliates:

     (a) assist the trustee in fulfilling the reporting
         requirements;

     (b) assist with the preparation of reports for, and
         communications with, the court, creditors and other
         constituents;

     (c) oversee the Debtors' accounting department and cash
         management;

     (d) assess the Debtors' near-term liquidity and cash flow     
  
         forecast;

     (e) assist the trustee and management in implementing needed
         operational or strategy enhancements;

     (f) review and analyze the financial ramifications of
         proposed transactions for which the trustee may seek
         court approval;

     (g) assist in developing marketing materials for a sale  
         transaction;

     (h) provide financial advice and assist the trustee in
         connection with a sale transaction; and

     (i) assist in developing and supporting a proposed plan of  
         Reorganization, and render testimony.

GlassRatner will be compensated in two ways.  Under the employment
agreement, the firm will be paid at its standard hourly rates,
which range from $195 to $575.  The professionals anticipated to
provide the services and their hourly rats are:

     Mark Shapiro         Sr. Managing Director     $450
     Michael Thatcher     Sr. Managing Director     $425
     Tess Wolf            Assistant Director        $295

The firm may also earn a contingent fee, which is 2% of the price
for a sale or financing transaction with a third party; or in the
event of a credit bid of debt held by ZB, N.A., 1% of debt
outstanding as of the date of the transaction.

Mr. Shapiro 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:

     Mark Shapiro
     GlassRatner Advisory & Capital Group LLC
     3500 Maple Avenue, Suite 350
     Dallas, TX 75219
     Main: (469) 445-1002
     Mobile: (303) 482-7218
     Email: mshapiro@glassratner.com

                          About Uplift Rx

Uplift Rx, LLC is a Texas Limited Liability Company formed in June
2016.  It operates pharmacy located in Houston, Texas.  Uplift Rx,
along with other affiliated entities together make up the Alliance
Healthcare family, a group of privately held companies
headquartered in South Jordan, Utah.  The Alliance network consists
of 20 pharmacies across the country, including three pharmacies in
Texas.  Since 2006, the Alliance Healthcare companies have been
working to improve the well-being of those with chronic health
conditions such as diabetes.

Uplift Rx, LLC and its debtor affiliates sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. S.D. Tex. Lead Case No.
17-32186) on April 7 and 8, 2017.  The petitions were signed by
Jeffrey C. Smith, chief executive officer.  

At the time of the filing, the Debtors estimated assets of less
than $1 million and liabilities of $50 million to $100 million.
The cases are assigned to Judge Marvin Isgur.  The Debtors are
represented by Baker & Hostetler LLP.

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

On May 18, 2017, the court approved the appointment of Ronald L.
Glass as Chapter 11 trustee.


W&W LLC: Court Allows Use of Cash Collateral Albeit Bank Objection
------------------------------------------------------------------
Bankruptcy Judge James J. Robinson for the Northern District of
Alabama signed an agreed interim order authorizing W&W, LLC, to use
cash collateral solely for purpose of funding the ordinary and
necessary costs of operating and maintaining the Facility.

Judge Robinson ordered that all disbursements by the Debtor must be
made in strict compliance with the terms of the Interim Order and
the Budget. The Budget provides total monthly operating expenses of
$3,900, plus attorney's fees as approved by the Court.

Judge Robinson denied the Motion to Prohibit Cash Collateral Use
filed by Wells Fargo Bank, N.A., as Trustee for Morgan Stanley
Capital I Inc., Commercial Mortgage Pass-Through Certificates,
Series 2006-IQ12, acting by and through C-III Asset Management LLC,
solely in its capacity as special servicer.

Prepetition, the Debtor obtained a loan in the original principal
amount of $2,750,000 from LaSalle Bank National Association and
granted LaSalle Bank a first priority security interest in certain
real property associated with the Debtor's Facility. Subsequently,
the Loan and Loan Documents were assigned to Wells Fargo Bank in
2007.

Wells Fargo Bank is granted these forms of adequate protection:

   (a) Wells Fargo Bank will be granted continuing liens and
security interests under the terms and conditions of the Loan
Documents and in all Collateral, as well as a replacement first
priority perfected security interest in all Collateral generated
after the Petition Date;

   (b) The Debtor is required to pay adequate protection payments
to Wells Fargo Bank each month the greater of (i) all excess cash
collateral received each month above the Budgeted Expenses; and
(ii) $14,416.98;

   (c) The Debtor will provide to Wells Fargo Bank and its counsel
periodic reporting;

   (d) The Debtor will segregate all rents in a separate deposit
account and strictly account for all rents received, held and/or
used by the Debtor in the course of operations.

   (e) The Debtor must provide proof of insurance on all collateral
with Wells Fargo Bank named as a loss payee.

The final hearing on the Motion and Objection has been scheduled
for July 27, 2017, at 9:35 a.m.

A full-text copy of the Agreed Interim Order, dated June 22, 2017,
is available at http://tinyurl.com/y8e7qek6

                        About W & W, L.L.C.

W & W, L.L.C., owns and operates certain medical office facilities
and related property located at 620 Quintard Drive, 650 Quintard
Drive, and 620 Monger Street, in Oxford, Calhoun County, Alabama.
W & W's primary business is leasing space in the Facility to health
care related businesses.

W & W, L.L.C., filed a voluntary petition under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Ala. Case No. 17-40906) on May 15,
2017.  The Debtor estimated less than $1 million in both assets and
liabilities.

Harry P. Long, Esq., at the Law Offices of Harry P. Long, LLC, is
serving as counsel to the Debtor.


WALKER RENAISSANCE: Seeks Approval to Use Cash Collateral
---------------------------------------------------------
Walker Renaissance Manufacturing Inc. seeks authorization from the
U.S. Bankruptcy Court for the Middle District of Florida to use
cash collateral to continue its business operations during this
case and to organize.

The Debtor says that if it is not allowed to use cash collateral,
particularly its inventory, the Debtor will be unable to operate,
thereby jeopardizing its reorganization.

The Debtor believes that Synovus Bank, N.A. may assert a secured
claim on the real property located at 882 E. Broadway Ave., Tampa,
Florida, along with the Debtor's equipment and inventory in
connection to a Small Business Administration Loan.

Accordingly, as and for adequate protection for the use of cash
collateral, the Debtor intends to make payments if ordered to do
so.  The Debtor will also provide prof insurance cvering the assets
which serve as collateral for the indebtedness, and the continuance
of the pre-petition liens to the extent that they existed on the
Petition Date. The Debtor will also grant post-petition replacement
liens to the same extent and priority in post-petition assets of
the same kind and type.

A full-text copy of the Debtor's Motion, dated June 22, 2017, is
available at http://tinyurl.com/y7fm6l7h

                     About Walker Renaissance

Walker Renaissance Manufacturing Inc. is a packaging company in
Hillsborough County, Florida, that owns a real property located at
8802 E. Broadway Ave., Tampa, Florida 33619 valued at $839,348.

Walker Renaissance filed a Chapter 11 bankruptcy petition (Bankr.
M.D. Fla. Case No. 17-05390), on June 21, 2017.  Robert M. Walker,
president/CEO, signed the petition.  The Debtor disclosed $1.58
million in assets and $1.52 million in liabilities at the time of
the filing.

The Debtor is represented by David W. Steen, Esq. at David W Steen,
P.A.  


WEST VIRGINIA HIGH: Trustee of Life Buying Fairmont Property
------------------------------------------------------------
West Virginia High Technology Consortium Foundation ("WVHTC") and
HT Foundation Holdings, Inc. ("HTFH"), ask the U.S. Bankruptcy
Court for the Northern District of West Virginia to authorize the
sale of HTFH's real property and improvement thereon commonly
referred to as the Training Center, consisting of approximately
24,000 gross square foot facility situated on approximately 3.19
acres of land in the I-79 Technology Park, located in Fairmont,
Grant District, Marion County, West Virginia, to Trustee of Life
United Methodist Church for $1,800,000.

Huntington National Bank ("HNB") is an Ohio banking corporation,
having a mailing address of 17 South High Street Columbus, Ohio,
and c/o Buchanan Ingersoll & Rooney, P.C., One Oxford Centre, 301
Grant St., 20th Floor, Pittsburgh, Pennsylvania.  As of the
Petition Date, HNB held an undersecured claim in the amount of
approximately $19 million against the Debtors, which claim is
partially secured by the Real Property.  

The Economic Development Administration, a bureau of the United
States Department of Commerce ("EDA") has an address of 601 Walnut
St. Suite 140-S Philadelphia, Pennsylvania, and has asserted a
contingent, unliquidated claim against the Debtors, which it claims
is secured by real property owned by the Debtors.

HTFH expects that HNB and the EDA will consent to the sale of the
Training Center.

On Oct. 19, 2016, the Debtors filed an Emergency Application for an
Order Authorizing the Debtors to Employ Eastern Valley Associates,
LLC as Real Estate Broker, and which the Court granted by Order
dated Oct. 25, 2016.  Since that date, Broker has undertaken
efforts to market and sell, inter alia, the Training Center, but it
received no offers for the purchase of the Training Center.  HTFH
has also undertaken its own efforts to market and sell the Training
Center since October 2016 and has received only one offer, that of
the Buyer.

HTFH proposes to sell and the Buyer proposes to purchase the
Training Center pursuant to the terms of the Agreement for the
Purchase of Training Center dated June 12, 2017 at a purchase price
of $1,800,000.

With the exception of those representations and warranties set
forth in the Sale Agreement, the sale of the Training Center to any
successful purchaser(s) will be a sale in " as is, where is"
condition, without representations or warranties of any kind
whatsoever.

The successful purchaser will be required to deposit a deposit in
the amount of $10,000 at the time of the approval of the sale by
the Court, with the balance to be paid at closing.

Pursuant to the Sale Agreement, the Buyer has paid the required
deposit to Tech Park Non-Profit Holdings as escrow agent.  Said
deposit will be refundable only as set forth in the Sale
Agreement.
  
There are no tenants in the Training Center, so possession will be
delivered at closing, free and clear of any tenancies affecting the
Training Center.  The closing will occur on or 45 days from the
date of a final Court Order approving the sale, at a mutually
agreeable time and location.

The closing will be contingent on the approval of the Court and
agreement by HNB allowing for a written easement or license in
which the Buyer, its successor and assigns may use the parking area
located adjacent to the Training Center, which is owned by WVHTC,
during specified days and hours for the Buyer's proposed church
activities.

At closing, HTFH will convey the Training Center to the successful
purchaser in fee simple by customary West Virginia general warranty
deed.  HTFH has not promised, nor has it been promised, any
consideration for the sale proposed, except as set forth in the
Sale Agreement.

In the event of the failure of the purchaser(s) to close within the
required time frame for other than the inability/refusal of HTFH to
close, HTFH may, at its option, declare a default and retain the
deposit for the benefit of the estate, and re-sell the Training
Center, unless said failure to refuse to close is the result of the
failure of HTFH or its estate to have complied with the terms of
this Motion and related Order.

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

       http://bankrupt.com/misc/West_Virginia_391_Sales.pdf

Any real estate transfer taxes which may become due as a result of
the sale contemplated will be paid equally by the Buyer and HTFH.
As closing, any township, school district and county real estate
taxes, to the extent applicable, will be prorated as levied by the
taxing bodies.

HFTH proposes to distribute the proceeds of the sale of Training
Center as follows:

   a. First, to the costs of sale, specifically including, but not
limited to, payment for advertising, printing, mailing and notice
fees and United States Trustee's fees that will become due upon the
proceeds being distributed; and other such closing costs as may be
properly incurred to effect said closing, including, but not
limited to, real estate transfer taxes and brokers' fees; and

   b. Second, to lien holders in order of priority of their liens.
Specifically, after payment of the costs and taxes, HTFH proposes
to pay all remaining proceeds to HNB as it holds a senior properly
perfected security interest in the Training Center.

HTFH believes, and therefore avers, that the aforementioned method
of sale is fair and reasonable, and in the best interest of this
estate, and that a higher and better price would not be obtained
through a continued marketing of the Training Center.  The Training
Center has been on the market since October 2016 and the Buyer has
been the only potential buyer.

The Purchaser can be reached at:

          TRUSTEES OF LIFE UNITED METHODIST CHURCH
          1564 Mary Lou Retton Dr.
          Fairmont, WV 26554

                   About West Virginia High

West Virginia High Technology Consortium Foundation is a West
Virginia non-profit corporation incorporated in 1993.  HT
Foundation Holdings, Inc., a West Virginia non-profit corporation
incorporated in 2008, is an organization that is related to West
Virginia High Technology Consortium Foundation.  

West Virginia High Technology Consortium Foundation, along with HT
Foundation Holdings, Inc., two other nondebtor charitable
title-holding organizations related to West Virginia High
Technology Consortium Foundation, and a single purpose entity LLC,
of which West Virginia High Technology Consortium Foundation is the
sole member, foster business development, promote partnerships
between state, national, and international technology companies and
institutions, and conduct cutting-edge research and development
under contracts with federal and state government.

As part of their operations, West Virginia High Technology
Consortium Foundation and its related organizations, including HT
Foundation Holdings, Inc. own, develop, and manage real property,
buildings, and facilities, which, after development, are leased to
various government and private tenants.

West Virginia High Technology Consortium Foundation and HT
Foundation Holdings, Inc., filed chapter 11 petitions (Bankr. N.D.
W.Va. Case Nos. 16-00806 and 16-00807) on Aug. 4, 2016.  The
petitions were signed by James L. Estep, president and CEO.  The
Debtors estimated $10 million to $50 million in assets and
liabilities.

The Hon. Patrick M. Flatley presides over the case.

David B. Salzman, Esq., at Campbell & Levine, LLC, serves as
bankruptcy counsel to the Debtors.  The Debtors hired Rolston &
Company as real estate appraiser; Easter Valley, LLC as real
estate
broker; and Arnett Carbis Toothman, LLP as accountants.

                         *     *     *

On Feb. 3, 2017, the Debtors filed with the Bankruptcy Court a
First Amended Disclosure Statement and Joint Plan of
Reorganization.  Under the Amended Plan, each holder of a Class 6
General Unsecured Claim will receive an amount equal to 100% of
the
unpaid amount of their Allowed General Unsecured Claim over 3
years
in 12 consecutive, equal, quarterly installments, with the first
payment due no later than 60 days after the Effective Date.

A full-text copy of the 1st Amended Disclosure Statement is
available at http://bankrupt.com/misc/wvnb1-16-00806-249.pdf


[*] Law Firms Must Answer CFPB Claims, Judge Says
-------------------------------------------------
Cara Salvatore, writing for the Bankruptcy Law360, reports US
District Judge Josephine Stanton ruled that law firms Howard Law
PC, Williamson & Howard LLP, the Williamson Firm LLC, and
principals Vincent Howard and Lawrence Williamson must face claims
from the Consumer Financial Protection Bureau (CFPB) that they
illegally charged clients up-front fees for debt management
services.

The judge disagreed with the firms that heightened pleading
standards are in effect, Law360 relates.

The law firms were sued by CFPB in January for violations of the
Telemarketing and Consumer Fraud and Abuse Prevention Act, the
Federal Trade Commission's Telemarketing Sales Rule and the
Consumer Financial Protection Act of 2010 by partnering up with
Morgan Drexen Inc. and collecting advance debt-releif fees from
vulnerable consumers under the guise of a bankruptcy-services
agreement, Law360 points out.

The judge also accepting the CFPB's reasoning that even if it's the
case that the abuses halted a year ago, an injunction is still an
option available to the CFPB because of the likelihood that
violations will recur, Law360 reports.

The case is Consumer Financial Protection Bureau v. Vincent Howard,
et al., case number 8:17-cv-00161, in the U.S. District Court for
the Northern District of California.


[*] Stroock Gets Four Bankruptcy Lawyers From Major Firms
---------------------------------------------------------
Stroock's Financial Restructuring Group just grew to 40 lawyers
strong with the addition of four new attorneys -- all arriving from
different law firms but collectively bringing substantial
experience in the sector.

Joining Stroock as a partner is Brian Kelly, a transactional lawyer
who has served as lead M&A counsel on major restructurings in
retail, aviation, shipping, energy and telecom.  Coming on board as
special counsel is Samantha Martin, and joining as associates are
Brian Wells and Marni Isaacson.  All four attorneys are based in
the firm's New York office.

Mr. Kelly was previously at Milbank Tweed; Ms. Martin was at
Morrison & Foerster; Mr. Wells was at Weil Gotshal; and Ms.
Isaacson was at Haynes & Boone.  The sustained amount of work in
Stroock's 12-partner Financial Restructuring Group necessitated the
addition of all four new lawyers, each of whom brings different
experience to the Group's diverse offering.

The most senior practitioner, Mr. Kelly, focuses on distressed M&A
and related restructuring transactions.  He has represented
investment firms and stakeholders in a wide range of deals
involving distressed companies, including domestic and cross-border
mergers and acquisitions, debt-for-equity exchanges, joint
ventures, and preferred equity and debt investments.  He also
advises on securities, governance and general corporate matters.

Mr. Kelly has been at the center of teams advising large creditor
committees, as well as lenders and equity holders in restructurings
involving billions of dollars in assets and liabilities.  His
industry experience is likewise broad. In retail, he worked closely
on the restructurings of American Apparel and Blockbuster.  In the
energy space, he played a lead role in the restructurings of
Quicksilver Resources and Linn Energy, and in representing the
largest equity holder in the restructuring of C&J Energy Services.
He also was a senior member of teams handling the restructurings of
Eagle Bulk Shipping, American Airlines and Genco Shipping &
Trading.

Samantha Martin has represented stakeholders in large chapter 11
proceedings and out-of-court restructurings, advising debtors as
well as lenders, bondholders and official creditors' committees,
equity holders and other investors and constituents.  She has also
counseled foreign representatives in chapter 15 recognition
proceedings.  Like Mr. Kelly, Ms. Martin has worked on matters
across a wide range of industry groups, including the chapter 11
filing for the world's largest renewable energy developer.

At Stroock, Mr. Kelly, Ms. Martin and the others join a practice
that has been at the center of some of the largest restructurings,
debt workouts and bankruptcies in recent years.  Stroock
represented bank lenders in the $20 billion chapter 11 proceedings
of Caesars Entertainment.  Also in the past year, the firm has been
at the core of the multi-billion dollar restructurings of 21st
Century Oncology, Foresight Energy and Avaya Inc. and has advised
on numerous private exchanges, workouts and bridge financings.

"Our group has been so busy for so long that we needed to add
talented lawyers to allow us to continue to expand our offering and
deliver the results that our clients expect across the myriad
disciplines demanded in the restructuring space," said Kristopher
Hansen, the long-tenured head of Stroock's Financial Restructuring
Group.

"Thanks to our strong team and track record, Stroock has made a
prominent mark in this area and we're pleased to be able to attract
talented and experienced lawyers like Brian Kelly and Samantha
Martin, who have played key roles in some of the largest
restructurings in recent years.  That Brian, Samantha, Brian Wells
and Marni all come from different firms also reflects Stroock's
growing stature as a prime destination in this area."

Mr. Kelly received his J.D. from The Ohio State University College
of Law where he was managing editor of The Ohio State Law Journal
and a member of the Order of the Coif, and his B.S. from Miami
University.

Ms. Martin received her J.D. from Benjamin N. Cardozo School of Law
and her B.A. from the University of Florida.

Mr. Wells received his J.D. from the University of Virginia and his
B.A. from the University of Southern California.  Prior to joining
Weil Gotshal, Mr. Wells served as a law clerk for Federal
Bankruptcy Court Judge Stuart M. Bernstein in the Southern District
of New York.

Ms. Isaacson received her J.D. from Benjamin N. Cardozo School of
Law and her B.A. from McGill University.

Stroock provides transactional, regulatory and litigation guidance
to leading financial institutions, multinational corporations,
investment funds and entrepreneurs in the U.S. and abroad.  With a
rich history dating back 140 years, the firm has offices in New
York, Los Angeles, Washington, DC and Miami.

Mr. Kelly can be reached at:

      Brian P. Kelly
      Partner, New York
      STROOCK
      Tel: (212) 806-5722
      Fax: (212) 806-6006
      E-mail: bkelly@stroock.com

Ms. Martin can be reached at:

      Samantha Martin
      Special Counsel, New York
      STROOCK
      Tel: (212) 806-6559
      Fax: (212) 806-6006
      E-mail: smartin@stroock.com

Mr. Wells can be reached at:

      Brian M. Wells
      Associate, New York
      STROOCK
      Tel: (212) 806-6061
      Fax: (212) 806-6006
      E-mail: bwells@stroock.com

Ms. Isaacson can be reached at:

      Marni M. Isaacson
      Associate, New York
      STROOCK
      Tel: (212) 806-6549
      Fax: (212) 806-6006
      E-mail: misaacson@stroock.com


[*] Two Canadian Law Firms Create MLT Aikins LLP
------------------------------------------------
This year marks the launch of MLT Aikins LLP, a merger of
MacPherson Leslie & Tyerman LLP and Aikins, MacAulay & Thorvaldson
LLP.

"Our new firm brings together more than 240 lawyers with a deep
commitment to Western Canada and an understanding of this market's
unique legal, political and business landscapes," MLT Aikins LLP
says.

"For you, this means enhanced depth of skills and greater
geographic scope -- with offices in Winnipeg, Regina, Saskatoon,
Calgary, Edmonton and Vancouver.  It means access to the expert
advice you need, right where you need us to be.  At mltaikins.com,
you can meet our expanded team and explore our practice areas.
You'll also find insight into issues and changes that matter to you
and your business."

MLT Aikins' Insolvency and Restructuring Professionals are:

     J.J. Burnell
     P: (204) 957-4663
     Winnipeg
     jburnell@mltaikins.com

     Dean Hutchison
     P: (403) 693-4305
     Calgary
     dhutchison@mltaikins.com

     Adam Kaukas
     P: (403) 693-4313
     Calgary
     akaukas@mltaikins.com

     Jeff Lee, Q.C.
     P: (306) 975-7136
     Saskatoon
     jmlee@mltaikins.com

     Dana Nowak
     P: (780) 969-3506
     Edmonton
     dnowak@mltaikins.com

     Paul Olfert
     P: (306) 956-6970
     Saskatoon
     polfert@mltaikins.com

     Bruce Taylor
     P: (204) 957-4669
     Winnipeg
     btaylor@mltaikins.com

     Catrina Webster
     P: (403) 693-4347
     Calgary
     cwebster@mltaikins.com


                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

TCR subscribers have free access to our on-line news archive.
Point your Web browser to http://TCRresources.bankrupt.com/and use
the e-mail address to which your TCR is delivered to login.

                            *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.  
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman,
Editors.

Copyright 2017.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
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