TCR_Public/170630.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Friday, June 30, 2017, Vol. 21, No. 180

                            Headlines

1776 AMERICAN PROPERTIES: $375K Financing Has Final Approval
1776 AMERICAN: Sale of Houston Property to Manna for $370K Approved
1776 AMERICAN: Sale of Spring Property to Eaveses for $99K Approved
25-54 CRESCENT: Taps Charalambos Selearis as Accountant
ALMA ENERGY: Inherits Indemnity Obligation to ConocoPhillips

AMKOR TECHNOLOGY: Moody's Hikes CFR to Ba3; Outlook Stable
ANGELICA CORP: Court Okays $125M Sale to KKR Credit Advisors
AUBURN ARMATURE: Sale of All Assets to AAI Acquisition Approved
AUTHENTIDATE HOLDING: Incurs $546,000 Net Loss in 2nd Quarter
BAKKEN INCOME: Wants to Use BOK Cash Collateral Through Aug. 15

BCBG MAX AZRIA: Asks for Court Okay of $131M Asset Sale
BCBG MAX AZRIA: Unsecureds to Recoup Up to 0.05% Under Plan
BELDEN INC: S&P Assigns 'BB-' Rating on Proposed EUR400MM Notes
BIOMBO INC: Unsecureds to Recover 6.6% Under Plan
BLACK MOUNTAIN GOLF: Seeks Approval to Hire Civil Engineer

BLUE BEE: Wants to Use Cash Collateral Until Oct. 21
CAESARS ENTERTAINMENT: SEC Declares Merger Statement Effective
CALVARY COMMUNITY: Case Summary & 7 Unsecured Creditors
CARECENTRIX INC: Moody's Raises CFR to B1; Outlook Stable
CARRIZO OIL: Moody's Rates Proposed $250MM Senior Unsec. Notes B3

CASHMAN EQUIPMENT: May Use Cash Collateral through July 10
CDRH PARENT: S&P Lowers CCR to 'B-'; Outlook Stable
CENTER FOR ALLERGIC: Taps Chung & Press as Legal Counsel
CENVEO INC: Moody's Lowers CFR to Caa2; Outlook Remains Stable
CHARTER COMMUNICATIONS: S&P Retains 'BB+' Rating on Unsec. Debt

CHOXI.COM INC: jClub Acquires All Assets
CLINE GRAIN: Auction of Real Property and Fixtures Approved
COMMERCIAL METALS: S&P Rates Proposed $300MM Sr. Notes 'BB+'
COMMUNITY TRANSLATOR: Chapter 7 Trustee Taps Piercy as Accountant
CONSTELLATION ENTERPRISES: Seeks Conversion into Ch. 7 Proceeding

DARDEN-GREEN CO: Bankruptcy Administrator Objects to Disclosures
DEXTERA SURGICAL: Has 38.9M Outstanding Common Stock at June 23
DIGIDEAL CORPORATION: Taps CliftonLarsenAllen as Accountant
DURON SYSTEMS: Wants to Use Allegiance Cash Collateral
DYNAMIC CONSTRUCTION: Has Final Approval to Use Cash Collateral

EDIFICE GROUP: Has Access to Cash Collateral Until Dec. 31
EFTENI INC: Taps Broege Neumann as Legal Counsel
EMERALD GRANDE: Taps John Wiley as Conflicts Counsel
EP ENERGY: S&P Lowers CCR to 'CCC+' on Increasing Leverage
EXELA INTERMEDIATE: Moody's Lowers 1st Lien Secured Debt to B3

FEDERAL BUSINESS: Seeks Court OK to Use Cash Collateral
FERGUSON CONVALESCENT: Trustee Seeks to Hire Mueller as Accountant
FIAC CORP: Seeks August 29 Plan Filing Exclusivity Extension
FINJAN HOLDINGS: BCPI's Equity Stake Down to 18.8%
FINJAN HOLDINGS: Prices Public Offering of Common Shares

GIGA-TRONICS INC: Obtains Extension to Comply with NASDAQ Rules
GLOBAL SOLUTIONS: Administrator Proposes Committee Non-Appointment
GUIDED THERAPEUTICS: Amends Form S-1 Prospectus with SEC
GULFMARK OFFSHORE: Files Amended Plan, Incorporates RSA
GULFMARK OFFSHORE: Units Ink Forbearance Agreement with RBS

HANISH LLC: Fairfield Inn Wants Cash Access Until Sept. 30
HARBORSIDE ASSOCIATES: Case Summary & 5 Unsecured Creditors
HARRINGTON & KING: Has Interim Access to Cash Until June 30
HECLA MINING: Moody's Rates Proposed $500MM Senior Unsec. Notes B3
HORIZON COMMUNITY: S&P Lowers Rating on 2016 Revenue Bonds to BB+

HOUSTON BLUEBONNET: Unsecureds to Recoup 100% Under Plan
IGNITE RESTAURANT: Snubs Landry's Offer in Favor of Stalking Horse
IMPLANT SCIENCES: Court Says No to Hiring of Solicitation Agent
IMPLANT SCIENCES: July 27 Plan Voting Deadline Set
INTERPACE DIAGNOSTICS: Amends 7.4M Shares Prospectus with SEC

INTREPID POTASH: Has Cash Balance of $20.8 Million as of March 31
ION MEDIA: Purchase of 3 Stations No Impact on Moody's B1 CFR
JOHN Q. HAMMONS: Sale of Lindon Property to WICP for $10M Approved
KAPPA DEVELOPMENT: Taps Russell Gill as Special Counsel
KINROSS GOLD: Moody's Rates New $400MM Senior Unsecured Notes Ba1

KMK OIL & GAS: Case Summary & 20 Largest Unsecured Creditors
LAZAR ENTERPRISES: Asks for Court's Nod to Use Cash Collateral
MAMAMANCINI'S HOLDINGS: Accelerates Aggressive Marketing Campaign
MAR MEG: Case Summary & 6 Unsecured Creditors
MARINA BIOTECH: Proposes to Offer Common Stock & Warrants

MELODY GOOD GIRL: Plan Confirmation Period Extended Until Aug. 10
METROPOLITAN INDUSTRIAL: Disclosures OK'd; Plan Hearing on Sept. 13
MIDWEST PORTABLE: Asks for Court OK to Use Cash Collateral
MOJCK LLC: Taps Ronald Goldman as Legal Counsel
MOLYCORP MINERALS: Court OKs $20.5M Sale Deal for Rare Earth Mine

MOSAIC MANAGEMENT: Bankruptcy Plan Takes Effect
MRI INTERVENTIONS: Has Resale Prospectus of 13.8M Common Shares
NATIONAL EVENTS: 2 Affiliates' Voluntary Chapter 11 Case Summary
NEXSTAR BROADCASTING: Moody's Rates Sec. Bank Credit Facility Ba3
NFP CORP: S&P Assigns 'CCC+' Rating on Proposed $500MM Sr. Notes

NOVATION COMPANIES: Wants Plan Filing Period Extended to Sept. 30
OLIVER C&I: Unsecureds Get Paid in Full Plus Interest
OMNI LOOKOUT: Asks for Court's Nod to Use Cash Collateral
OMNIMAX INT'L: Moody's Raises CFR to Caa1; Outlook Stable
ORIGINAL SOUPMAN: Seeks to Hire Wyse Advisors, Appoints CRO

PACIFIC OFFICE: Two Directors Elected by Stockholders
QSL PORTAGE: Seeks Interim Approval to Access Cash Through July 16
QUADRANGLE PROPERTIES: Zions Seeks to Prohibit Cash Collateral Use
QUANTEX LABORATORIES: Taps Kochanski as Counsel in Insurance Suit
RAVENSTAR INVESTMENTS: Jensen Buying Reno Property for $460K

RAVENSTAR INVESTMENTS: Selling Tularosa Property for $625K
REMINGTON OUTDOOR: Moody's Lowers CFR to Caa2, Outlook Stable
RENNOVA HEALTH: Closes Offering of $1.9-Mil. Discount Debentures
ROCKPOINT GAS: Moody's Hikes Corporate Family Rating to B3
S K TRANSPORT: Taps Caldwell & Riffee as Legal Counsel

SEARCHMETRICS INC: Court Intends to Dismiss Bankruptcy Case
SEITEL INC: Moody's Revises Outlook to Stable & Affirms Caa2 CFR
SENTINEL MANAGEMENT: 7th Cir. Questions New Clawback Bid v FCStone
SHADRACH MESHACH: Wants Authorization to Access Cash Collateral
SPECTRUM ALLIANCE: Taps Wouch Maloney as Accountant

SQUARE ONE: Can Use First Citrus' Cash Collateral Through July 17
SYDELL INC: Wants to Continue Using Cash Through December
TAKATA CORP: July 6 Meeting Set to Form Creditors' Panel
TARA RETAIL: Taps Thomas Fluharty as Conflicts Counsel
TIDEWATER INC: Court Delays Plan Hearing by Nearly 3 Weeks

TITAN CONSTRUCTION: Hearing on Plan Outline OK Set for July 20
TONAWANDA AUTO: Can Use Cash Collateral Until July 12
TOWN SPORTS: HG Vora Has 31.8% Stake as of June 14
TRANSGENOMIC INC: Investor Waives Default & Extend Note Maturity
TROXELL CO.: Sale of All Assets to MAC Trailer for $1.69M Approved

UNITED DISTRIBUTION: S&P Affirms 'CCC+' CCR; Outlook Negative
USI INC: S&P Puts 'B' CCR on CreditWatch Developing
VALDERRAMA A/C: Taps Jayson & Frisby as Accountant
VERDESIAN LIFE: Moody's Cuts CFR to Caa1; Outlook Negative
VERMILLION INC: Seven Directors Elected by Stockholders

VESCO CONSULTING: Wants to Use Cash Collateral Until December 2017
VISION QUEST: Voluntary Chapter 11 Case Summary
VMF INC: Wants 120-Day Extension For Exclusive Plan Filing
WARWICK YARD: Case Summary & 11 Unsecured Creditors
WEATHERFORD INTERNATIONAL: Offering $250 Million of Senior Notes

WELLNESS HOME: May Use Cash Collateral Through July 12
WERTHAN PACKAGING: Hearing on Plan Outline Set for July 25
WESTINGHOUSE ELECTRIC: Asset Sale Could be Reviewed by CFIUS
WESTINGHOUSE ELECTRIC: Taps KPMG as Accounting Advisor
WESTMORELAND COAL: Sees $280M-$310M Adusted EBITDA in 2017

WILGRO SERVICES: Taps Ciardi Ciardi as Legal Counsel
YOGA SMOGA: Wants Exclusive Plan Filing Deadline Moved to Oct. 17
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                            *********

1776 AMERICAN PROPERTIES: $375K Financing Has Final Approval
------------------------------------------------------------
The Hon. Karen K. Brown of the U.S. Bankruptcy Court for the
Southern District of Texas has entered a final order authorizing
1776 American Properties IV LLC, et al., to obtain postpetition
indebtedness up to $375,000 from American Property Recovery Fund
SPC - Land Lot Arbitrage SP2.

A copy of the Final Order is available at:

          http://bankrupt.com/misc/txsb17-30422-204.pdf

As reported by the Troubled Company Reporter on June 14, 2017, the
Debtors sought the Court's permission to incur postpetition
indebtedness up to $375,000 from SP2, to be used for purposes of
paying off Noble Capital first lien on lots 6-11, Block 2, Edison
Park Subdivision, Harris County, Texas, in order protect the
Debtor's interest in the six lots tracts of land.  The DIP
Financing Agreement will be used to pay-off the Noble first lien
deeds of trusts on the Noble collateral.  If the DIP Financing
Agreement is not approved, 1776 V will be unable to protect its
initial $840,000 investment in lots 6-11, and it will incur a
significant loss, causing a substantial economic loss to the
estate.

             About 1776 American Properties IV LLC

1776 American Properties IV LLC and its 12 affiliates sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D.
Tex. Lead Case No. 17-30422) on Jan. 27, 2017.  The petition was
signed by Jeff Fisher, director. The case is assigned to Judge
Karen K. Brown.  Josh T. Judd, Esq., at Andrews Myers PC serves as
the Debtor's bankruptcy counsel.

At the time of the filing, the Debtors estimated assets of $1
million to $10 million and liabilities of less than $50,000.

To date, no trustee or examiner has been appointed in these
bankruptcy cases and no official committee of unsecured creditors
has been established.


1776 AMERICAN: Sale of Houston Property to Manna for $370K Approved
-------------------------------------------------------------------
Judge Karen K. Brown of the U.S. Bankruptcy Court for the Southern
District of Texas authorized the sale by 1776 American Properties
IV, LLC and affiliates of 1776 American Properties IV's real
property and improvements located at 4016 McKinney Street, Houston,
Texas, also known as Lots 5 & 6, Block 34, and 0 Lamar Street,
Houston, Texas, also known as Lots 12 & 13 Block 3, Woodleigh, to
Fadi Manna or his assignee for $369,500.

The sale of the Property to the Purchaser will be made "as is,
where is" with no representations or warranties of any kind.

With the exception of the 2017 ad valorem tax lien, the sale of the
Property to the Purchaser will be made free and clear of all liens,
claims, encumbrances, judgments, deeds of trust, and other
interests.  Any liens, claims and encumbrances, attach to the net
sale proceeds in the same order of priority as exist under
non-bankruptcy law.

All ad valorem tax liens on the Property will be paid at closing,
and the Seller's portion of all normal and customary closing costs
and fees, including but not limited to owners association fees or
dues.

The broker commissions identified in the Contract are approved and
will be paid at closing.

The 14-day stay requirements of Bankruptcy Rule 6004(h) are
waived.

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

     http://bankrupt.com/misc/1776_American_203_Order.pdf

               About 1776 American Properties IV

1776 American Properties IV LLC and its 12 affiliates sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D.
Tex. Lead Case No. 17-30422) on Jan. 27, 2017.  The petition was
signed by Jeff Fisher, director.

1776 American Properties IV estimated assets of $1 million to $10
million and liabilities of less than $50,000.

The cases are assigned to Judge Karen K. Brown.  

Josh T. Judd, Esq., at Andrews Myers PC serves as the Debtors'
bankruptcy counsel.

To date, no trustee or examiner has been appointed in the
bankruptcy cases and no official committee of unsecured creditors
has been established.


1776 AMERICAN: Sale of Spring Property to Eaveses for $99K Approved
-------------------------------------------------------------------
Judge Karen K. Brown of the U.S. Bankruptcy Court for the Southern
District of Texas authorized the sale by 1776 American Properties
IV, LLC and affiliates of Austin Road Partners, LLC's real property
and improvements located at 4827 Hickorygate Drive, Spring, Texas,
also known as Lot 28, Block 8 Birnam Wood, to Wesley and Amber
Eaves or their assignee for $99,000.

With the exception of the 2017 ad valorem tax lien, the sale of the
Properties to the Purchasers will be made free and clear of all
liens, claims, encumbrances, judgments, deeds of trust, and other
interests.  Any liens, claims and encumbrances, attach to the net
sale proceeds in the same order of priority as exist under
non-bankruptcy law.

All ad valorem tax liens on the Properties will be paid at closing,
and the Seller's portion of all normal and customary closing costs
and fees, including but not limited to owners association fees or
dues.

The broker commissions identified in the Contract are approved and
will be paid at closing.

The 14-day stay requirements of Bankruptcy Rule 6004(h) are
waived.

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

       http://bankrupt.com/misc/1776_American_202_Order.pdf

               About 1776 American Properties IV

1776 American Properties IV LLC and its 12 affiliates sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D.
Tex. Lead Case No. 17-30422) on Jan. 27, 2017.  The petition was
signed by Jeff Fisher, director.

1776 American Properties IV estimated assets of $1 million to $10
million and liabilities of less than $50,000.

The cases are assigned to Judge Karen K. Brown.  

Josh T. Judd, Esq., at Andrews Myers PC serves as the Debtors'
bankruptcy counsel.

To date, no trustee or examiner has been appointed in the
bankruptcy cases and no official committee of unsecured creditors
has been established.


25-54 CRESCENT: Taps Charalambos Selearis as Accountant
-------------------------------------------------------
25-54 Crescent Realty LLC seeks approval from the U.S. Bankruptcy
Court for the Eastern District of New York to hire an accountant.

The Debtor proposes to hire Charalambos Selearis, CPA PLLC, to
provide accounting services in connection with its Chapter 11 case,
and pay the firm at these hourly rates:

     Partners     $250
     Staff        $175
     Clerks        $75

Charalambos Selearis, a certified public accountant, disclosed in a
court filing that he and his firm are "disinterested" as defined in
section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Charalambos Selearis
     Charalambos Selearis, CPA PLLC
     4502 Ditmars Boulevard, Suite 1000
     Astoria, NY 11105
     Tel: 347 952 4700
     Fax: 718 777 0222
     Email:  info@nycpapro.com

                   About 25-54 Crescent Realty

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

The Debtor has hired Shaw Country Realty as real estate broker; and
Voro LLC as broker to market certain residential real property
located at 25-28 Crescent Street, Astoria, NY 11102.

No creditors' committee has been appointed by the Office of the
U.S. Trustee.


ALMA ENERGY: Inherits Indemnity Obligation to ConocoPhillips
------------------------------------------------------------
Jess Krochtengel, writing for Bankruptcy Law360, reports that the
Texas Supreme Court held that Noble Energy Inc. has inherited the
indemnity obligation to ConocoPhillips Co. from its predecessor,
which purchased oil and gas assets from Alma Energy Corp. as part
of a Chapter 11 reorganization.  Noble Energy, according to the
report, must indemnify ConocoPhillips for $63 million in
environmental cleanup costs under an indemnity agreement that
wasn't disclosed during the purchase of Alma Energy assets.

                        About Alma Energy

Alma Energy, LLC, owned rights to mine coal on two tracts of land
located in Pike County, Ky.  Out of cash, the Debtor suspended its
mining operation and sought chapter 11 protection (Bankr. E.D. Ky.
Case No. 07-70370) on August 13, 2007.  The mining operation was
restarted in 2008 with funding by Pikeville Energy Group, LLC, but
halted again during the chapter 11 proceeding.  On April 17, 2009,
the United States Trustee moved to dismiss the case or convert it
to a Chapter 7 liquidation proceeding.  On May 20, 2009, the
bankruptcy court entered an order converting the Debtor's case to
one under Chapter 7, and the U.S. Trustee appointed Phaedra
Spradlin as the Chapter 7 trustee.


AMKOR TECHNOLOGY: Moody's Hikes CFR to Ba3; Outlook Stable
----------------------------------------------------------
Moody's Investors Service upgraded Amkor Technology, Inc.'s
ratings: Corporate Family Rating ("CFR") to Ba3 from B1,
Probability of Default Rating ("PDR") to Ba3-PD from B1-PD, Senior
Unsecured rating to B1 from B2, and the Speculative Grade Liquidity
("SGL") rating to SGL-1 from SGL-2. The outlook is stable.

RATINGS RATIONALE

The upgrade to the ratings follows the resumption of consistent
free cash flow ("FCF") generation with the completion of the new K5
facility and the successful integration of J-Devices Corp.
("J-Devices"). Moody's expects that FCF will steadily increase as
capital expenditures have now declined to the historical average
level of about $500 million annually. This follows several years of
elevated capital expenditures due to the construction of the new K5
advanced packaging facility. Moody's expects that the K5 facility
will begin contributing to Amkor's revenues in 2018.

The Ba3 CFR reflects Amkor's business position as the second
largest outsourced semiconductor assembly and test ("OSAT") company
in the world after market leader Advanced Semiconductor Engineering
("ASE"), which generated $4.7 billion of OSAT revenues in 2016 or
$7.3 billion proforma for ASE's planned acquisition of Siliconware
Precision Industries Co., Ltd. ("SPIL"). Amkor has a broad
portfolio of advanced manufacturing technologies for semiconductor
chip finishing and testing, and benefits from exposure to end
markets with increasing semiconductor content, such as the
communications (45%) and automotive (25% of 2016 revenues) end
markets. Due to its large scale of operations, Amkor should
continue to benefit from the secular outsourcing trend in
semiconductor production, as semiconductor companies increasingly
outsource manufacturing as part of their "fabless" or "fab-lite"
manufacturing models.

Nevertheless, ASE is likely to be a much stronger competitor
following its acquisition of SPIL, expanding its market leadership
position and increasing its scale in research and development and
production capacity. Moreover, the assembly and test segment of the
semiconductor industry is capital intense and cyclical due to
dependence on the semiconductor industry. Amkor goes through long
periods of very high capital spending which usually leads to
depressed or negative free cash flow. Moreover, Amkor has high
customer revenue concentration, which Moody's believes limits
Amkor's leverage in contract negotiations.

The stable outlook reflects Moody's expectation that revenues will
grow in the low single digits percent and that FCF will continue to
increase over the next year. Moody's expects that Amkor will
deleverage through a combination of debt reduction and EBITDA
growth such that the ratio of debt to EBITDA (Moody's adjusted)
will decline to about 1.7x by the end of 2018.

The rating could be upgraded if profitability and cash flow improve
such that Amkor's EBITDA margin (Moody's adjusted) is sustained
above 25% and FCF to debt (Moody's adjusted) is sustained above
15%. An upgrade would also require the maintenance of a solid
liquidity position and balanced financial policies.

The rating could be downgraded if the EBITDA margin (Moody's
adjusted) declines to less than 20%, or if FCF to debt (Moody's
adjusted) declines to below 5%.

The senior unsecured debt is rated B1, which is one notch lower
than the Ba3 CFR. The senior unsecured debt is structurally
subordinated to the debt at Amkor's foreign subsidiaries ($600
million drawn on facilities of $786 million as of March 31, 2017)
with respect to the foreign assets which secure the debt of these
borrowers.

The SGL-1 Speculative Grade Liquidity ("SGL") rating reflects
Amkor's very good liquidity profile. Moody's expects Amkor to
maintain over $550 million of cash ($614 million as of March 31,
2017). In addition, Amkor had over $166 million available under the
secured ABL revolving credit facility (maturing December 2019) and
$186 million available under foreign credit facilities as of March
31, 2017.

Upgrades:

Issuer: Amkor Technology, Inc.

-- Corporate Family Rating, upgraded to Ba3 from B1

-- Probability of Default Rating, upgraded to Ba3-PD from B1-PD

-- Senior Unsecured Regular Bond/Debenture, upgraded to B1 (LGD5)

    from B2 (LGD5)

-- Speculative Grade Liquidity Rating, upgraded to SGL-1 from
    SGL-2

Outlook Actions:

Issuer: Amkor Technology, Inc.

-- Outlook, Remains Stable

Amkor Technology, Inc., based in Tempe, Arizona, is the second
largest provider of outsourced assembly and test ("OSAT") services
for both integrated device manufacturers ("IDMs") and fabless
semiconductor companies. The large majority of the revenues are
derived from assembly, however. In the coming year, Moody's expects
Amkor will generate revenues of nearly $4 billion.

The principal methodology used in these ratings was the
Semiconductor Industry Methodology published in December 2015.


ANGELICA CORP: Court Okays $125M Sale to KKR Credit Advisors
------------------------------------------------------------
Alex Wolf, writing for Bankruptcy Law360, reports that the Hon.
James L. Garrity Jr. of the U.S. Bankruptcy Court for the Southern
District of New York has approved the $125 million sale of Angelica
Corp. to KKR Credit Advisors (US) LLC.  Judge Garrity said that was
satisfied that the Debtor had fielded the best offer to continue as
a going concern when it emerges from Chapter 11, Law360 relates.

                       About Angelica Corp.

Headquartered in Alpharetta, Georgia, Angelica Corp. is a national
provider of medical laundry and linen management services,
supplying approximately 3,800 healthcare providers in 25 states,
including approximately 850 hospitals, 350 long-term care
facilities, and 2,600 outpatient medical practices.  Angelica
provides its laundry and linen management services through a
network of over 30 laundry plants and depots located across the
nation and a fleet of over 220 delivery vehicles.  It currently
employs approximately 3,900 employees, roughly 69% of whom are
unionized.

Angelica Corp., formerly known as Angelica, Angelica Healthcare,
and Angelica Image Apparel, and four of its affiliates sought
Chapter 11 protection (Bankr. S.D.N.Y. Lead Case No. 17-10870) on
April 3, 2017.  The petitions were signed by John Makuch, interim
chief financial officer.

Angelica disclosed assets at $208 million and liabilities at $216.8
million as of Dec. 24, 2016.

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

The Debtors tapped Weil, Gotshal & Magnes LLP as bankruptcy
counsel, and Grant Thornton LLP as auditor and tax advisor.   

An official committee of unsecured creditors has been appointed in
the chapter 11 cases.  The committee hired Cole Schotz, PC, as
bankruptcy counsel and FTI Consulting, Inc., as financial advisor.


AUBURN ARMATURE: Sale of All Assets to AAI Acquisition Approved
---------------------------------------------------------------
Judge Margaret Cangilos-Ruiz of the U.S. Bankruptcy Court for the
Northern District of New York authorized the sale by Auburn
Armature, Inc., EASA Acquisition I, LLC, and EASA Acquisition II,
LLC of substantially all assets to AAI Acquisition, LLC for the
purchase price based on percentage of the value of the accounts
receivable, inventory, and fixed assets, plus the assumption of
certain liabilities.

The Sale Hearing was conducted on June 23, 2017.  

With the exception of the Debtors' Ford F550 VIN lFD0W5HT7GEB45541
which is being transferred to the Purchaser subject to the lien of
Ford Motor Credit, the Sale and assignment of the Acquired Assets
to the Purchaser will be free and clear of all Claims.

The Debtors' assumption of the Assumed Contracts is authorized and
approved.  They are authorized and directed to pay to each
counterparty of an Assumed Contract the cure amount set forth on
the Cure Notice in accordance with a separate order of the Court.
The Debtors are authorized and directed to assign the Assumed
Contracts to the Purchaser.  There will be no rent accelerations,
assignment fees, increases or any other fees charged or chargeable
to the Purchaser as a result of the assumption, assignment and sale
of the Assumed Contracts.

The 14-day stays provided for in Bankruptcy Rules 6004(h) and
6006(d) of the Bankruptcy Rules are waived and the Sale Order will
be effective immediately upon entry.

On the first Business Day after receipt by the Debtors of proceeds
from the transactions contemplated in the APA, the Debtors will
remit the net cash proceeds received to KeyBank National
Association in accordance with the terms of that DIP Credit
Agreement entered into by the Debtors and KeyBank, and in
accordance with the Final Order approving same but limited however
to the amount of the outstanding obligations owed to KeyBank.

The Purchaser is not and will not be liable to any agent, broker,
person or firm acting or purporting to act on behalf of the Debtors
or the Purchaser for any commission, broker's fee, or finder's fee
with respect to the Sale.

                   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 $546,000 Net Loss in 2nd Quarter
-------------------------------------------------------------
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 $545,912 on $4.88 million of
total net revenues for the three months ended Dec. 31, 2016,
compared to net income available to common shareholders of $5.95
million on $13.20 million of total net revenues for the same period
in 2015.

For the six months ended Dec. 31, 2016, Authentidate reported a net
loss available to common shareholders of $711,203 on $10.93 million
of total net revenues compared to net income available to common
shareholders of $8.75 million on $22.59 million of total net
revenues for the six months ended Dec. 31, 2015.

As of Dec. 31, 2016, Authentidate had $48.44 million in total
assets, $9.06 million in total liabilities and $39.37 million in
total shareholders' equity.

At Dec. 31, 2016, unrestricted cash and cash equivalents amounted
to approximately $356,000 and current assets at that date were
approximately $1,740,000 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 the filing
date of this Quarterly Report on Form 10-Q is approximately
$985,000.  Net cash provided by operating activities for the six
months ended Dec. 31, 2016, was approximately $21,000, net cash
used by investing activities was approximately $22,000, net cash
used in financing activities was approximately $1,058,000 and total
cash used was approximately $1,059,000 primarily for repayments of
notes payable.

                       Going Concern

As of June 27, 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 the
Company 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/62nuY0

                      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.


BAKKEN INCOME: Wants to Use BOK Cash Collateral Through Aug. 15
---------------------------------------------------------------
Bakken Income Fund LLC requests approval from the U.S. Bankruptcy
Court for the District of Colorado to use its cash collateral to
fund its ordinary course operations through August 15, 2017.

The Debtor plans to continue operation of its business throughout
this chapter 11 case and to sell substantially all of its assets.
The Debtor asserts that it is only through an eventual sale and the
continued operation of the business that unsecured creditors will
receive a substantial recovery on account of their claims. In order
to maintain ongoing operations, the Debtor needs to pay for
operating expenses such as insurance, investor reporting,
engineering reporting, and other expense items.

The Debtor's revenues are derived from payments received from the
operators of oil and gas wells in which the Debtor has an interest
pursuant to various Joint Operating Agreements. The cash collateral
is derived primarily from collection of the Debtor's accounts
receivable. As of  June 27, 2017, the Debtor's accounts receivable
total approximately $448,419.

The Debtor claims that it will be replacing its accounts, cash, and
cash equivalents in the course of its daily operations and
therefore the collateral base will remain stable and is expected to
improve over time. The Debtor anticipates a positive cash position
after meeting expenses during the term of this chapter 11 case.
However, if the Debtor is not permitted to use cash collateral, it
will not be able to pay its ordinary course expenses and its
operations will cease, thereby causing immediate and irreparable
harm to the estate.

Bank of Oklahoma asserts a claim in the principal amount of
$2,216,967, secured by substantially all assets of the Debtor
pursuant to a Credit Agreement, dated as of July 7, 2014. In
addition, the Debtor believes that Zavanna LLC may claim a security
interest in the Debtor's cash collateral.

In order to provide adequate protection to its secured creditors,
the Debtor proposes following conditions for the use of cash
collateral:

     (a) The Debtor will provide secured creditors with a
postpetition lien on all of the Debtor's assets and property, to
the extent that the use of the cash results in a decrease in the
value of the secured creditors' interest in the collateral;

     (b) The Debtor will only use cash collateral in accordance
with the Budget subject to an aggregate monthly deviation not to
exceed 10% without the prior agreement of Bank of Oklahoma; and

     (c) The Debtor will provide adequate protection to Bank of
Oklahoma in the form of: (1) a one-time adequate protection payment
of $130,095 and (2) monthly adequate protection payments in the
amount of $18,585.

A full-text copy of the Debtor's Motion, dated June 27, 2017, is
available at https://is.gd/yjoV70


                    About Bakken Income Fund

Bakken Income Fund LLC is an oil and gas investment fund.  It was
formed in Colorado in 2011. Its corporate offices are located at
521 DTC Parkway, Suite 200, Greenwood Village, Colorado.

Bakken Income Fund sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Colo. Case No. 16-20212) on Oct. 17,
2016.  Randall Kenworthy, the managing member, signed the petition.
The Debtor estimated its assets and liabilities at $1 million to
$10 million.

The Debtor is operating its business as debtor in possession
pursuant to Sections 1107 a) and 1108 of the Bankruptcy Code.  No
request has been made for the appointment of a  trustee or
examiner, and no official committee has been established in this
case.

Judge Elizabeth E. Brown oversees the case.

The Debtor tapped Courtney H. Gilmer, Esq. at Baker, Donelson,
Bearman, Caldwell & Berkowitz, P.C. as lead bankruptcy counsel, and
Brownstein Hyatt Farber Schreck, LLP as co-counsel.

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


BCBG MAX AZRIA: Asks for Court Okay of $131M Asset Sale
-------------------------------------------------------
Rick Archer, writing for Bankruptcy Law360, reports that BCBG Max
Azria Group LLC asks the U.S. Bankruptcy Court for the Southern
District of New York to approve the $131 million sale of its
intellectual property, stores and other assets.

The asset sale would split the Debtor's intellectual property and
wholesale and retail business between two companies and would allow
the Debtor to pay off its creditors, Law360 relates, citing the
counsel for the Debtor.

Law360 shares that a hearing to consider the confirmation of the
Debtor's Chapter 11 plan is set for July 25, 2017.

                   About BCBG Max Azria Group

BCBG Max Azria Group started with a single idea -- to create a
beautiful dress.  Founded in 1989, BCBG was named for the French
phrase "bon chic, bon genre," a Parisian slang meaning "good style,
good attitude."  The brand embodies a true combination of European
sophistication and American spirit.  The BCBG Max Azria label is
sold online, in freestanding boutiques and partner shops at top
department stores across the globe.

BCBG Max Aria and its affiliates filed for bankruptcy (Bankr.
S.D.N.Y., Case No. 17-10466) on Feb. 28, 2017.  The Debtors have
estimated assets of $100 million to $500 million and estimated
liabilities of $500 million to $1 billion.

Kirkland & Ellis LLP and Kirkland & Ellis International LLP serve
as bankruptcy counsel to the Debtors.  Jefferies LLC is the
investment banker.  AlixPartners LLP is the restructuring advisor.
A&G Realty Partners LLC is the real estate advisor.  Donlin Recano
& Company LLC is the claims and noticing agent, and administrative
advisor.

On March 9, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  Pachulski Stang Ziehl &
Jones LLP serves as counsel to the Creditors Committee, with the
engagement led by Bradford Sandler and Robert Feinstein.

Morgan, Lewis & Bockius LLP is serving as counsel to the
administrative agent under the Debtors' prepetition and
postpetition asset-based revolving credit facilities.

Weil, Gotshal & Manges LLP is the counsel to the administrative
agent under the Debtors' prepetition and postpetition term loan
credit facility.


BCBG MAX AZRIA: Unsecureds to Recoup Up to 0.05% Under Plan
-----------------------------------------------------------
BCBG Max Azria Global Holdings, LLC, et al., filed with the U.S.
Bankruptcy Court for the Southern District of New York a disclosure
statement dated June 14, 2017, relating to the Debtors' amended
joint plan of reorganization.

Class 6 Unsecured Claims -- estimated at between $425 million and
$455 million -- are impaired by the Plan.  The holders are expected
to recover 0% to 0.05%.  So long as holders of Class 6 Unsecured
Claims vote as a Class to accept the Plan, each holder of an
Allowed Unsecured Claim will receive its pro rata share of the
Unsecured Creditor Recovery Pool.  If holders of Class 6 Unsecured
Claims vote as a Class to reject the Plan, holders of Class 6
Unsecured Claims will not receive any distribution on account of
the unsecured claims.

The Post-Effective Date Debtors, through the Plan Administrator,
will fund distributions under the Plan with cash held on the
Effective Date by or for the benefit of the Debtors or
Post-Effective Date Debtors, including the sale transaction
proceeds, proceeds from the store closing sales, proceeds from all
causes of action not settled, released, discharged, enjoined or
exculpated under the Plan; and the proceeds of any non-cash assets
held by the Post-Effective Date Debtors after consummation of the
sale transaction.

The Disclosure Statement is available at:

          http://bankrupt.com/misc/nysb17-10466-448.pdf

As reported by the Troubled Company Reporter on May 9, 2017, the
Debtor filed with the Court a disclosure statement, which explains
its proposed plan to exit Chapter 11 protection.  Under that plan,
general unsecured claims are classified in Class 7.  Each holder of
an allowed general unsecured claim will receive its pro rata share
of the "general unsecured claims recovery pool," and any "excess
distributable cash."  

                   About BCBG Max Azria Group

BCBG Max Azria Group started with a single idea -- to create a
beautiful dress.  Founded in 1989, BCBG was named for the French
phrase "bon chic, bon genre," a Parisian slang meaning "good style,
good attitude."  The brand embodies a true combination of European
sophistication and American spirit.  The BCBG Max Azria label is
sold online, in freestanding boutiques and partner shops at top
department stores across the globe.

BCBG Max Aria and its affiliates filed for bankruptcy (Bankr.
S.D.N.Y., Case No. 17-10466) on Feb. 28, 2017.  The Debtors have
estimated assets of $100 million to $500 million and estimated
liabilities of $500 million to $1 billion.

Kirkland & Ellis LLP and Kirkland & Ellis International LLP serve
as bankruptcy counsel to the Debtors.  Jefferies LLC is the
investment banker.  AlixPartners LLP is the restructuring advisor.
A&G Realty Partners LLC is the real estate advisor.  Donlin Recano
& Company LLC is the claims and noticing agent, and administrative
advisor.

On March 9, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  Pachulski Stang Ziehl &
Jones LLP serves as counsel to the Creditors Committee, with the
engagement led by Bradford Sandler and Robert Feinstein.

Morgan, Lewis & Bockius LLP is serving as counsel to the
administrative agent under the Debtors' prepetition and
postpetition asset-based revolving credit facilities.

Weil, Gotshal & Manges LLP is the counsel to the administrative
agent under the Debtors' prepetition and postpetition term loan
credit facility.


BELDEN INC: S&P Assigns 'BB-' Rating on Proposed EUR400MM Notes
---------------------------------------------------------------
S&P Global Ratings assigned its 'BB-' issue-level rating and '5'
recovery rating to St. Louis-based cable, connector, and component
manufacturer Belden Inc.'s proposed EUR400 million 10-year senior
subordinated notes.  The '5' recovery rating indicates S&P's
expectation for negligible (10% to 30%; rounded estimate 25%)
recovery in the event of a payment default.

The company will use proceeds from the new debt issuance to
refinance a portion of its existing $700 million senior
subordinated notes maturing in 2022 and use cash on the balance
sheet to pay down the remaining portion.  The company is launching
this transaction in conjunction with a tender offer for any and all
outstanding 2022 notes.  The existing senior secured bank loan
ratings and the subordinated note ratings are unaffected by this
transaction.

S&P's 'BB' corporate credit rating and stable outlook on the
company are also unchanged by the proposed transaction.  The
ratings on Belden reflect the company's fair business risk profile,
characterized by its participation in a highly competitive and
cyclical industry, offset by a leading market position in some of
its product niches and continuing diversification into value-added
specialty products.  The rating also reflects the company's
significant financial risk profile with expected S&P-adjusted
leverage of around 3x in fiscal 2017.

RATINGS LIST

Belden Inc.
Corporate Credit Rating                 BB/Stable/--

New Rating

Belden Inc.
EUR400 mil. 10-year notes
Senior Subordinated                     BB-
  Recovery Rating                        5 (25%)


BIOMBO INC: Unsecureds to Recover 6.6% Under Plan
-------------------------------------------------
Deborah J. Piazza, Chapter 11 trustee for Biombo, Inc., et al.,
filed with the U.S. Bankruptcy Court for the Southern District of
New York to accompany the plan of liquidation for the Debtors dated
June 14, 2017.

Class 3 General Unsecured Claims are impaired by the Plan.  The
Plan provides that each holder of an allowed Class 3 Claim will
receive its pro rata share of $20,000.  Payments to holders of
Allowed Class 3 Claims will be made as follows: on the later of (i)
60 days after the Effective Date; (ii) within 15 days after the
date on which the claim becomes an allowed unsecured claim; or
(iii) other date as may be determined by the disbursing agent.
Unless otherwise provided in the Plan, to the extent there is
available cash after distribution of $20,000 in the unsecured
distribution fund subsequent to the Effective Date, the wind down
officer will direct the Disbursing Agent on the date(s), as
determined by the Wind Down Officer, to distribute all excess
available cash in the Unsecured Distribution Fund to the holders of
allowed Class 3 Claims in amounts necessary to allow the holders to
have received aggregate distributions of cash up to the face amount
of their allowed claim.

The total Claims scheduled or filed by Class 3 creditors that will
receive distributions under the Plan aggregate approximately
$300,000.  Based upon the Chapter 11 Trustee's current cash
position, the Chapter 11 Trustee estimates a distribution of 6.6%
to unsecured creditors, assuming TKD and the other Professionals
each agree to a fee reduction.

Aside from a credit bid of 100 Mile's secured claims, the Chapter
11 Trustee is holding cash in the amount of $311,501, which is
available to distribute to creditors in the order of priority under
the U.S. Bankruptcy Code.  The Chapter 11 Trustee does not believe
that there are any other assets (including any rent arrears for the
pre-closing period).  After conducting a preliminary investigation,
the Chapter 11 Trustee does not believe that she has any causes of
action worth pursuing, including, but not limited to, avoidance
actions under Chapter 5 of the Bankruptcy Code.

The Court has scheduled a hearing to consider confirmation of the
Plan and final approval of the Disclosure Statement for July 14,
2017, at 10:00 a.m.

All ballots must be received prior to 5:00 p.m. on July 10, 2017.
A copy of the Disclosure Statement is available at:

         http://bankrupt.com/misc/nysb16-22248-109.pdf

                       About Biombo, Inc.

On Feb. 26, 2016, Tarrytown, New York-based Biombo, Inc. (Bankr.
S.D.N.Y. Case No. 16-22248), Cortlandt St. LLC (Bankr. S.D.N.Y.
Case No. 16-22256), 144 Cortlandt St. LLC (Bankr. S.D.N.Y. Case No.
16-22254), 146-148 Cortlandt Street, LLC (Bankr. S.D.N.Y. Case No.
16-22255), Shippy Realty Corporation (Bankr. S.D.N.Y. Case No.
16-22249), Dari Realty Corp. (Bankr. S.D.N.Y. Case No. 16-22250),
and Dashley Corp. (Bankr. S.D.N.Y. Case No. 16-22253) each filed
for Chapter 11 bankruptcy protection.  Biombo estimated its assets
and liabilities at between $1 million and $10 million.  The
petition was signed by Cirilo Rodriguez, president.  Judge Robert
D. Drain presides over the case.

Bruce R. Alter, Esq., at Alter & Brescia, LLP, serves as the
Debtors' bankruptcy counsel.

On March 4, 2016, the Court entered an order approving the joint
administration of the Debtors' Chapter 11 cases.  The Debtors'
principal has a pending Chapter 11 case (Bankr. S.D.N.Y. Case No.
16-22348) but the Chapter 11 Trustee is not the trustee of his
case.

An initial review of documents filed in these cases reveals that
the Debtors' main assets consist of real property in Westchester
County, New York.  These cases represent at least the third time
some or all of the Debtors filed for Chapter 11 relief to use the
Court's jurisdiction to preserve their assets.  The first case was
Case No. 14-22256 which was previously dismissed.  The second case,
Case No. 14-23719 was dismissed with the consent of the Debtors'
mortgagee, 100 Mile Fund LLC, after the Debtors, in their capacity
as obligors, and the Debtors' principal, Cirilo Rodriguez, in his
capacity as guarantor, agreed to a $9.50 million loan agreement and
related guaranty with 100 Mile.

On April 1, 2016, the Court entered an order directing the
appointment of a Chapter 11 Trustee.  On April 5, 2016, a court
order was entered approving the appointment of Deborah J. Piazza as
the Chapter 11 Trustee.

Janese N. Thompson, Esq., at Thompson Law Group, P.C., is the
special litigation counsel to the Chapter 11 Trustee.


BLACK MOUNTAIN GOLF: Seeks Approval to Hire Civil Engineer
----------------------------------------------------------
Black Mountain Golf & Country Club seeks approval from the U.S.
Bankruptcy Court for the District of Nevada to hire a civil
engineer.

The Debtor proposes to hire Ray Fredericksen of Per4mance
Engineering in connection with its efforts to rezone its property,
and pay him an hourly fee of $150 for his services.  

Mr. Fredericksen does not hold or represent any interest adverse to
the Debtor and its estate, and is a "disinterested person" as
defined in section 101(14) of the Bankruptcy Code.

Mr. Fredericksen maintains an office at:

     Ray Fredericksen
     Per4mance Engineering
     1170 Center Point Drive
     Henderson, NV 89074
     Phone: (702) 216-2800   

            About Black Mountain Golf & Country Club

Based in Henderson, Nevada, Black Mountain Golf & Country Club is a
member-owned golf facility open to the public.  The Company is
non-profit corporation and a tax-exempt entity.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. Nev. Case No. 17-11540) on March 30, 2017.  The
petition was signed by Larry Tindall, president.  At the time of
the filing, the Debtor estimated its assets at $10 million to $50
million and debts at $1 million to $10 million.

The case is assigned to Judge Bruce T. Beesley.  Morris Polich &
Purdy LLP is the Debtor's legal counsel.  The Debtor employed
Coffey & Rader CPA as its accountant.


BLUE BEE: Wants to Use Cash Collateral Until Oct. 21
----------------------------------------------------
Blue Bee, Inc., seeks permission from the U.S. Bankruptcy Court for
the Central District of California to use cash collateral during
the period from July 23, 2017, through and including Oct. 21,
2017.

A hearing to consider the Debtor's request is set for July 13,
2017, at 8:30 a.m.

The Debtor requires an order of this Court authorizing the Debtor
to use cash collateral in accordance with the Budget to enable the
Debtor to pay all of its normal and ordinary operating expenses as
they come due in the ordinary course of its business and to
purchase new inventory to replenish merchandise that is sold to
customers at the Debtor's remaining retail stores, which in turn
will facilitate the continued operation of the Debtor's business
and the preservation and maximization of the going-concern value of
the Debtor's business and assets.  If the Debtor does not obtain
authority to use its cash collateral, the Debtor's estate will
suffer immediate and irreparable harm, including, without
limitation, a cessation of the Debtor's business operations and a
corresponding (and likely substantial) decline in the value of the
Debtor's business and assets.

The Debtor believes that the Pacific City Bank, Fashblvd., Inc.,
California State Board Of Equalization and any other creditors who
assert that they have perfected security interests in the Debtor's
cash will ultimately consent to the Debtor's use of cash collateral
to pay the expenses set forth in the budget.  

The Debtor says that even if the Secured Creditors do not consent
to its use of cash collateral, the Debtor submits that the value of
such Secured Creditors' interests in the Debtor's cash collateral
will be adequately protected by a substantial equity cushion.  The
Debtor believes that the Bank, Fashblvd and the SBOE are the only
parties that may have perfected security interests in the Debtor's
cash.

As of July 23, 2017, the Debtor anticipates that it will be holding
cash on hand of approximately $271,274, security deposits totaling
$87,013, inventory valued at approximately $3,500,000 (at cost),
and furniture, fixtures and equipment with an estimated fair market
value of approximately $650,000.  The aggregate value of the
Debtor's assets as of July 23, 2017, is estimated to be
$4,508,287.

The Debtor believes that the total amount owed to the Secured
Creditors is approximately $1,690,160, calculated as follows: (i)
approximately $1,660,000 to the Bank (based upon the SBA Loan only,
since both the First Term Loan and Second Term Loan have now been
paid off), (ii) $6,000 to Fashblvd, and (iii) $24,160.38 to the
SBOE.  Given the aggregate value of the Debtor's assets (i.e.,
approximately $4,508,287), and the total estimated amount owed to
the Debtor's Secured Creditors (i.e., approximately $1,690,160),
the Secured Creditors are adequately protected by an equity cushion
of more than 266%, which is far in excess of the 20% equity cushion
that the Ninth Circuit has indicated constitutes clear adequate
protection of a secured creditor's interest in cash collateral.
Furthermore, the Debtor submits that the value of the Secured
Creditors' interest in the Debtor's cash collateral will be
adequately protected by, among other things, the maintenance and
continued operation of the Debtor's business.

The Debtor also proposes to provide its Secured Creditors with
replacement liens and security interests against the Debtor's
post-petition assets, with replacement liens to have the same
extent, validity, and priority as the pre-petition liens held by
the Secured Creditors against the Debtor's assets.  The replacement
liens will provide the Secured Creditors with further adequate
protection.

A copy of the Debtor's request is available at:

          http://bankrupt.com/misc/cacb16-23836-182.pdf

                      About Blue Bee, Inc.

Headquartered near downtown Los Angeles, California in Vernon,
California, Blue Bee, Inc., dba ANGL, is a retailer doing business
under the "ANGL" brand offering stylish and contemporary women's
clothing at reasonable prices to its fashion-savvy customers.  As
of the Petition Date, the Debtor owned and operated 21 retail
stores located primarily in shopping malls throughout the state of
California.  The Debtor is the successor-in-interest to Angl, Inc.,
a California corporation, which was founded by Jeff Sunghak Kim and
his wife, Young Ae Kim, and was dissolved on Aug. 30, 2013.
Substantially all of the assets of Angl were transferred to, and
substantially all of the liabilities of Angl were assumed by, the
Debtor (which was formed on Aug. 30, 2013) for tax and other
corporate restructuring and marketing purposes.  The same corporate
directors and officers of Angl have acted as the corporate
directors and officers of the Debtor.  Jeff Sunghak Kim and his
wife, Young Ae Kim, continue to be actively involved in the
Debtor's business operations as the President and Secretary of the
Debtor, respectively.

The Debtor filed a Chapter 11 petition (Bankr. C.D. Cal. Case No.
16-23836) on Oct. 19, 2016.  The petition was signed by Jeff
Sungkak Kim, president.  The Debtor is represented by Juliet Y. Oh,
Esq., at Levene, Neale, Bender, Yoo & Brill LLP.  The case is
assigned to Judge Sandra R. Klein.  The Debtor estimated assets and
liabilities at $1 million to $10 million.

Blue Bee is a retailer doing business under the "ANGL" brand
offering stylish and contemporary women's clothing at reasonable
prices to its fashion-savvy customers.  As of the bankruptcy filing
date, the Debtor owns and operates 21 retail stores located
primarily in shopping malls throughout the state of California.
Since the opening of its first Retail Store in 1992 along Melrose
Avenue in Los Angeles, California, the Debtor has focused on
bringing designer fashion to a wider audience.


CAESARS ENTERTAINMENT: SEC Declares Merger Statement Effective
--------------------------------------------------------------
BankruptcyData.com reported that Caesars Entertainment Corporation
CEC and Caesars Acquisition Company announced that the Securities
and Exchange Commission (SEC) has declared effective the
Registration Statement on Form S-4 previously filed by Caesars
Entertainment on March 13, 2017, and amended on June 5, 2017 and
June 20, 2017, in connection with the Amended and Restated
Agreement and Plan of Merger dated as of July 9, 2016 and amended
on February 20, 2017, pursuant to which, among other things,
Caesars Acquisition will merge with and into Caesars Entertainment.
They have individually scheduled special meetings of Caesars
Entertainment and Caesars Acquisition stockholders in connection
with the pending Merger. Stockholder approval of the Merger is a
critical step to concluding the restructuring of Caesars
Entertainment Operating Company (CEOC). The special meeting of
Caesars Entertainment stockholders will be held on July 25, 2017,
at 8:00 a.m. PT in the Classico Chapel, Caesars Palace, One Caesars
Palace Drive, Las Vegas, Nevada.  Caesars Entertainment and Caesars
Acquisition continue to engage with regulators in jurisdictions
where approvals are required for the Merger and other aspects of
CEOC's restructuring. In addition to regulatory approvals and
approval by stockholders at the special meetings, the Merger is
subject to the completion of CEOC's restructuring and other
customary closing conditions.  CEOC's restructuring is subject to
the completion of the Merger, certain financing activities,
continuing oversight by the United States Bankruptcy Court, and
other customary closing conditions.

                  About Caesars Entertainment

Caesars Entertainment Corp., formerly Harrah's Entertainment Inc.,
is one of the world's largest casino companies.  Caesars casino
resorts operate under the Caesars, Bally's, Flamingo, Grand
Casinos, Hilton and Paris brand names.  The Company has its
corporate headquarters in Las Vegas.  Harrah's announced its
re-branding to Caesar's in mid-November 2010.

In January 2015, Caesars Entertainment and subsidiary Caesars
Entertainment Operating Company, Inc., announced that holders of
more than 60% of claims in respect of CEOC's 11.25% senior secured
notes due 2017, CEOC's 8.5% senior secured notes due 2020 and
CEOC's 9% senior secured notes due 2020 have signed the Amended and
Restated Restructuring Support and Forbearance Agreement, dated as
of Dec. 31, 2014, among Caesars Entertainment, CEOC and the
Consenting Creditors.  As a result, The RSA became effective
pursuant to its terms as of Jan. 9, 2015.

Appaloosa Investment Limited, et al., owed $41 million on account
of 10% second lien notes in the company, filed an involuntary
Chapter 11 bankruptcy petition against CEOC (Bankr. D. Del. Case
No.  15-10047) on Jan. 12, 2015.  The bondholders are represented
By Robert S. Brady, Esq., at Young, Conaway, Stargatt & Taylor
LLP.

CEOC and 172 other affiliates -- operators of 38 gaming and resort
properties in 14 U.S. states and 5 countries -- filed Chapter 11
bankruptcy petitions (Bank. N.D. Ill.  Lead Case No. 15-01145) on
Jan. 15, 2015.  CEOC disclosed total assets of $12.3 billion and
total debt of $19.8 billion as of Sept. 30, 2014.

Delaware Bankruptcy Judge Kevin Gross entered a ruling that the
bankruptcy proceedings will proceed in the U.S. Bankruptcy Court
for the Northern District of Illinois.

Kirkland & Ellis serves as the Debtors' counsel.  AlixPartners is
the Debtors' restructuring advisors.  Prime Clerk LLC acts as the
Debtors' notice and claims agent.  Judge Benjamin Goldgar presides
over the cases.

The U.S. Trustee has appointed an official committee of second
priority noteholders and an official unsecured creditors'
committee.

The U.S. Trustee appointed Richard S. Davis as Chapter 11 examiner.
The examiner retained Winston & Strawn LLP, as his counsel; Alvarez
& Marsal Global Forensic and Dispute Services, LLC, as financial
advisor; and Luskin, Stern & Eisler LLP, as special conflicts
counsel.

                        *     *     *

On Jan. 17, 2017, the U.S. Bankruptcy Court for the Northern
District of Illinois confirmed the Third Amended Joint Plan of
Reorganization of Caesars Entertainment Operating Company, Inc. and
its affiliated debtors.


CALVARY COMMUNITY: Case Summary & 7 Unsecured Creditors
-------------------------------------------------------
Debtor: Calvary Community Assembly of God, Inc.
        2900 N. Torrey Pines Dr.
        Las Vegas, NV 89108

Type of Business: Calvary Community Assembly of God is a
                  Pentecostal church in Las Vegas Nevada.  This
                  Assemblies of God church serves Clark County NV
                  - Pastor Bruce A Morris.

                  Calvary Community Church is located on an 11-
                  acre campus at 2900 N. Torrey Pines Drive, just
                  a few blocks off the I-95 freeway.  In September
                  2004, Pastor Bruce and Donita Morris began their
                  time serving Calvary.

                  Website: http://www.ccalv.org/

Chapter 11 Petition Date: June 28, 2017

Case No.: 17-13475

Court: United States Bankruptcy Court
       District of Nevada (Las Vegas)

Debtor's Counsel: Angela J. Lizada, Esq.
                  LIZADA LAW FIRM, LTD.
                  501 S. 7th St.
                  Las Vegas, NV 89101
                  Tel: (702) 979-4676
                  Fax: (702) 979-4121
                  E-mail: angela@lizadalaw.com

Total Assets: $11.04 million

Total Debt: $3.53 million

The petition was signed by Bruce A. Morris, pastor.  A full-text
copy of the petition is available for free at:

           http://bankrupt.com/misc/nvb17-13475.pdf

Debtor's List of Seven Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Envision                              Technical           $4,500
                                      Services

Home Depot Credit Card/                                       $0
Citicard

IRS c/o Centralized Insonvency      Payroll Taxes        $68,000
Operation

Sam's Club Credit Services                               $10,000

Shell Gas/Citicard                                            $0

Wells Fargo Credit Card             Business Line        $27,000
                                      of Credit

Wells Fargo Credit Card                                  $23,000


CARECENTRIX INC: Moody's Raises CFR to B1; Outlook Stable
---------------------------------------------------------
Moody's Investors Service upgraded CareCentrix, Inc's Corporate
Family Rating (CFR) to B1 from B2 and Probability of Default rating
to B1-PD from B3-PD. Concurrently, Moody's downgraded the first
lien revolver and first lien term loan to B1 from Ba3. The ratings
outlook is stable.

The upgrade of the CFR reflects strong earnings growth, solid
credit metrics and very good liquidity. Moody's believes that the
company will continue to benefit as it fully ramps up on the
Horizon Healthcare contract and expands further into the post-acute
care space. Moody's expects that the company will maintain
disciplined financial policies and reduce debt to EBITDA to under 2
times in the year ahead.

The first lien credit facility rating reflects that it is the
entirety of debt in the capital structure and therefore should be
the same as the B1 CFR.

The following ratings of CareCentrix, Inc. were upgraded:

-- Corporate Family Rating, upgraded to B1 from B2

-- Probability of Default Rating, upgraded to B1-PD from B3-PD

The following ratings of CareCentrix, Inc. were downgraded:

-- $30 million senior secured first lien revolving credit
    facility, downgraded to B1 (LGD 4) from Ba3 (LGD 2)

-- $175 million senior secured first lien term loan B, downgraded

    to B1 (LGD 4) from Ba3 (LGD 2)

The outlook is stable.

RATINGS RATIONALE

The B1 CFR reflects CareCentrix's modest size, high customer
concentration and low margins. Moody's expects that the company
will continue to derive almost all of its revenue and profits from
three customers, with CIGNA Healthcare accounting for more than
half of the business. However, the rating is supported by
relatively low leverage, very good liquidity, and modest regulatory
and reimbursement risk. The company also has a leading market
position as the only national player in the homecare benefits
management segment.

The stable rating outlook reflects Moody's expectation that
CareCentrix will continue to grow earnings but remain a relatively
small issuer, with very high customer concentration.

The rating could be downgraded due to the loss of a main customer,
a deterioration in operating performance or a material reduction in
free cash flow. A material debt funded dividend or acquisition
could also result in a downgrade. Specifically, debt to EBITDA
expected to be sustained above 3 times could result in a
downgrade.

An upgrade is unlikely in the near-term. However, if the company
gains significant scale, improves customer diversity with
materially less reliance on its top customers and expands
meaningfully into the post-acute care space, Moody's could upgrade
the rating. This would also require CareCentrix to maintain strong
cash flow and improving credit metrics.

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

CareCentrix is a leading provider of home health benefits
management services to the managed care industry. The company's
service offering includes home health, home infusion, durable
medical equipment, sleep management and care transition.
CareCentrix generates roughly $1.4 billion in annual revenues and
is owned by Summit Partners.


CARRIZO OIL: Moody's Rates Proposed $250MM Senior Unsec. Notes B3
-----------------------------------------------------------------
Moody's Investors Service assigned a B3 rating to Carrizo Oil &
Gas, Inc.'s (Carrizo) proposed $250 million senior unsecured notes
due 2025. At the same time, Moody's affirmed the company's B2
Corporate Family Rating (CFR), B2-PD Probability of Default Rating,
and B3 senior unsecured notes ratings. The Speculative Grade
Liquidity Rating was raised to SGL-2 from SGL-3 and the rating
outlook was changed to positive from stable.

These rating actions follow Carrizo's announcement that it will
acquire an 80% interest in Quantum Energy Partners-backed ExL
Petroleum LP's (unrated) Permian Basin acreage and reserves for
total consideration of up to $773 million. Carrizo will gain about
16,488net acres and 8,000 boe/d of production in the highly
productive Delaware Basin within the Permian. Total consideration
includes an upfront cash payment of $648 million, plus contingent
payments tied to oil prices in 2018-2021; Carrizo will pay $50
million each year WTI averages more than $50 per barrel from 2018
through 2021, capped at a total of $125 million. In addition to the
proposed notes, Carrizo will issue $250 million of preferred stock
and $250 million of common stock.

"The acquisition reflects the premium pricing associated with
higher quality Permian acreage. It also provides Carrizo an
opportunity to greatly enhance its presence in the basin , which
will become an area of significantly increased focus," observed
John Thieroff, Moody's Vice President. "As Carrizo transforms its
portfolio by divesting non-core operations through the rest of
2017, it should emerge with a more balanced asset mix consisting of
competitive positions in the Eagle Ford and Permian. The
considerable amount of common and preferred equity being issued
allows Carrizo to make this predominantly acreage-weighted
acquisition without increasing leverage meaningfully."

Assignments:

Issuer: Carrizo Oil &Gas, Inc.

-- Senior Unsecured Regular Bond/Debenture due 2025, Assigned B3
    (LGD5);

Upgrades:

Issuer: Carrizo Oil & Gas, Inc.

-- Speculative Grade Liquidity Rating, Upgraded to SGL-2 from
    SGL-3

Outlook Actions:

Issuer: Carrizo Oil & Gas, Inc.

-- Outlook, Changed To Positive from Stable

Affirmations:

Issuer: Carrizo Oil & Gas, Inc.

-- Corporate Family Rating, Affirmed B2

-- Probability of Default Rating, Affirmed B2-PD

-- Senior Unsecured Regular Bond/Debenture Rating, Affirmed B3
    (LGD 5) from (LGD 4)

RATINGS RATIONALE

The B3 rating on Carrizo's proposed senior unsecured notes as well
as its existing unsecured notes reflects the notes' contractual
subordination to the company's secured revolving credit facility.
The unsecured notes benefit from upstream guarantees from all
material subsidiaries. The size of the potential senior secured
claims relative to the unsecured notes outstanding results in the
senior notes being notched one rating below the B2 CFR under
Moody's Loss Given Default Methodology.

Carrizo's B2 CFR reflects its competitive Eagle Ford operations,
with a highly prospective and growing Permian position, tempered by
the risk of its ongoing portfolio transformation. Carrizo has good
capital efficiency offset by high capital intensity and ongoing
cash flow outspend in support of its ambitious growth targets. In
recent years, Carrizo has been successful in financing its growth
using a prudent combination of equity and debt, asset sales, and
joint ventures while supporting its credit metrics. The rating also
incorporates Moody's expectation Carrizo will continue pursuing
small, bolt-on acquisitions and monetizing non-core assets.

Carrizo's SGL-2 rating reflects good liquidity through 2018 with
sufficient availability under its revolving credit facility despite
Moody's expectations of cash flow outspend through the period. At
April 28, 2017 Carrizo had modest cash balances and $629 million
available under its revolving credit facility, which expires in
2022. The borrowing base under the revolver was set at $900 million
in the May 2017 redetermination; however, the company has elected a
commitment of $800 million. The next scheduled redetermination is
in November 2017. Debt maturities include $600 million of notes in
2020, $650 million of notes in 2023 and the proposed $250 million
notes due 2025. The credit facility is subject to certain
covenants, including net debt/EBITDA of 4.0x, and a current ratio
of 1.0x. Carrizo is expected to maintain ample cushion for
compliance with these covenants through 2018.

The positive outlook reflects that Carrizo's rating may be upgraded
if it successfully executes its accelerated Permian drilling
program and completes non-core asset divestitures in the next 12-18
months while maintaining a good cost structure and favorable credit
metrics. Ratings could be upgraded if Carrizo is able to maintain
production growth at competitive costs and RCF/debt ratio appears
sustainable above 30%. Moody's could consider a downgrade if the
RCF/debt ratio falls below 15% or capital efficiency deteriorates
such that it approaches 1x.

The principal methodology used in these ratings was Independent
Exploration and Production Industry published in May 2017.

Houston, Texas-based Carrizo Oil & Gas, Inc. is an independent
exploration and production company with proved reserves and
production primarily focused in the Eagle Ford Shale in South Texas
and the Delaware Basin within the Permian Basin of West Texas.


CASHMAN EQUIPMENT: May Use Cash Collateral through July 10
----------------------------------------------------------
The U.S. Bankruptcy Court for the District of Massachusetts has
granted Cashman Equipment Corp., et al., permission to use cash
collateral through and including July 10, 2017.

A continued hearing on the Debtors' request for entry of the final
order authorizing cash collateral use is scheduled for July 10,
2017, at 2:00 p.m. (prevailing Eastern Time).  Any responses or
objections to the request must be filed by July 7, 2017, at 12:00
p.m. (prevailing Eastern time).

These entities may assert liens on the Debtors' property and may
have an interest in the Debtors ' cash collateral: (i) U.S.
Secretary of Transportation acting through the U.S. Maritime
Administration; (ii) Rockland Trust Company; (iii) Santander Bank,
N.A.; (iv) Wells Fargo, N.A.; (v) Citizens Asset Finance, Inc.;
(vi) Bank of America Leasing and Capital, LLC; (vii) U.S. Bank
Equipment Finance; (viii) KeyBank N. A.; (ix) Fifth Third Bank; (x)
Radius Bank; (xi) Pacific Western Bank; and (xii) Equitable Bank.

As adequate protection to the Lenders for the Debtors' use of Cash
Collateral, the Lenders are granted replacement liens on the same
types of post-petition property of the Debtors' estates against
which the Lenders held liens as of the Petition Date.

A copy of the Court Order is available at:

           http://bankrupt.com/misc/mab17-12205-56.pdf

As reported by the Troubled Company Reporter on June 27, 2017, the
Debtors sought permission from the Court to use cash collateral
between June 12, 2017, and Sept. 17, 2017.  The Debtors say that by
using cash collateral, they will be able to preserve the value of
the Debtors' ongoing operations and assets, the jobs of the
Debtors' employees, and the value of the Debtors' bankruptcy
estates.

                      About Cashman Equipment

Headquartered in Boston, Massachusetts, Cashman Equipment Corp. --
http://4barges.com/-- was founded in 1995 as a barge rental and  
marine contracting company with a fleet of 10 barges, 9 of which
were built in the 1950s and 1960s.

Cashman Equipment and certain of its affiliates and subsidiaries
own, operate, rent, and sell a fleet of vessels, including inland
and ocean barges, marine accommodation barges, specialized oil
spill recovery barges, and tugs, as well as marine equipment, such
as cranes, accommodation units, and marine pollution skimmers.

Cashman Equipment and certain of its affiliates and subsidiaries,
Cashman Scrap & Salvage, LLC, Servicio Marina Superior, LLC, Mystic
Adventure Sails, LLC, and Cashman Canada, Inc., filed bare-bones
Chapter 11 petitions (Bankr. D. Mass. Case No. 17-12205 to
17-12209) on June 9, 2017.  The petitions were signed by James M.
Cashman, president.  Cashman Equipment estimated its assets and
debt at between $100 million and $500 million.  Judge Melvin S.
Hoffman presides over Cashman Canada's case.  Harold B. Murphy,
Esq., and Michael K. O'Neil, Esq., at Murphy & King, Professional
Corporation serve as Cashman Equipment, et al.'s counsel.

James M. Cashman, the president of the Debtors, also commenced his
own Chapter 11 case (Case No. 17-12204).  Judge Joan N. Feeney
presides over Mr. Cashman's case.  Jeffrey D. Sternklar, Esq., at
Jeffrey D. Sternklar LLC, serves as Mr. Cashman's counsel.


CDRH PARENT: S&P Lowers CCR to 'B-'; Outlook Stable
---------------------------------------------------
S&P Global Ratings lowered its corporate credit rating on wound
care services provider CDRH Inc. to 'B-' from 'B'.  The outlook is
stable.

At the same time, S&P lowered its rating on the company's secured
debt to 'B-' from 'B'.  S&P's recovery rating on this debt remains
'3', indicating its expectation for average (50%-70%; rounded
estimate: 50%) recovery for lenders in the event of payment
default.

S&P also lowered its rating on the company's senior secured
second-lien term loan to 'CCC' from 'CCC+'.  S&P's recovery rating
on this debt remains '6', indicating its expectation for negligible
(0%-10%; rounded estimate: 0%) recovery for lenders in the event of
payment default.

S&P's 'B-' corporate credit rating and stable outlook on CDRH
incorporates S&P's view that the company will be challenged to
generate consistent positive discretionary cash flows and lower
leverage, given the adverse market headwinds the company faces in
the form of slowing hyperbaric oxygen therapy chambers (HBOTCs)
treatment volumes, gross losses in the Healogics Specialty
Physicians (HSP) segment, the appeal of the Medicare fraud lawsuit
and the separate civil investigation by the U.S. department of
Justice (DOJ).

The stable outlook on CDRH Parent Inc. largely reflects the
expectation for sequentially stronger second- and third-quarter
results despite the negative cash flow and continued headwinds
facing the HBOTC treatment volumes as well as current legal risks
from the Medicare fraud lawsuit.

S&P could consider a downgrade if significant legal or settlement
costs materialize from the lawsuit or civil investigation, or in
the event of major operational setbacks, including continued
significant decline in clinic utilization and HBOTC treatment
volumes, leading to a cash flow deficit greater than $10 million.
This would lead S&P to believe the company is unable to sustain the
burden of fixed obligations in the capital structure over time.

S&P could raise the rating if HBOTC volumes rebound, resulting in
high-single-digit revenue growth, margin expansion, and about $10
million in recurring free cash flow, which would give S&P
confidence that the company could extend or refinance its revolver
before it becomes a current obligation in mid-2018.  Under this
scenario, S&P would also need to be comfortable that the company
was unlikely to face meaningful litigation or investigation
settlement payouts in the near term.


CENTER FOR ALLERGIC: Taps Chung & Press as Legal Counsel
--------------------------------------------------------
Center for Allergic Diseases, LLC seeks approval from the U.S.
Bankruptcy Court for the District of Maryland to hire legal counsel
in connection with its Chapter 11 case.

The Debtor proposes to hire Chung & Press LLC to, among other
things, give legal advice on the administration of its bankruptcy
estate, and represent it in connection with any proposed bankruptcy
plan.

Brett Weiss, Esq., the attorney who will be handling the case, will
charge an hourly fee of $495.

Mr. Weiss disclosed in a court filing that neither the firm nor its
attorneys represent interests adverse to the Debtor's estate.

Chung & Press can be reached through:

     Brett Weiss, Esq.
     Chung & Press LLC
     6404 Ivy Lane, Suite 650
     Greenbelt, MD 20770
     Phone: (301) 924-4400
     Email: lawyer@brettweiss.com

               About Center for Allergic Diseases

Center for Allergic Diseases, LLC sought protection under Chapter
11 of the Bankruptcy Code (Bankr. D. Md. Case No. 17-18366) on June
19, 2017.  At the time of the filing, the Debtor estimated assets
and liabilities of less than $1 million.


CENVEO INC: Moody's Lowers CFR to Caa2; Outlook Remains Stable
--------------------------------------------------------------
Moody's Investors Service downgraded Cenveo Inc.'s corporate family
rating (CFR) to Caa2 from Caa1 and its probability of default
rating (PDR) to Caa2-PD from Caa1-PD. The company's speculative
grade liquidity rating (SGL) was affirmed at SGL-3 (adequate
liquidity) and its rating outlook maintained at stable. As part of
the same rating action, debt instrument ratings at Cenveo
Corporation, a wholly-owned subsidiary whose debts are guaranteed
by Cenveo Inc, were downgraded: senior secured first lien notes, to
Caa1 from B3; senior secured second lien notes, to Caa3 from Caa2.

The rating action reflects Moody's views the long term
sustainability of the company's debt structure is uncertain, as
depicted via leverage of debt/EBITDA increasing to 7.8x (Moody's
adjusted at 31Mar17) as EBITDA declines. Given a general lack of
visibility of forward activity levels, it is not clear whether
Cenveo Corporation can significant de-levering in advance of next
debt maturity in August of 2019, when its $540 million senior
secured notes come due. There are also $241 million of second lien
notes due in 2022.

As a purely administrative matter, to align ratings with Moody's
general practice of locating corporate-level ratings at the senior
most legal entity in the corporate structure for which Moody's
maintains debt instrument ratings, Moody's relocated the corporate
family's CFR, PDR, SGL and ratings outlook to Cenveo Corporation
from Cenveo, Inc. This process involves Cenveo, Inc's CFR and PDR
being downgraded, its SGL being affirmed, and its outlook being
maintained. These four items are then withdrawn and the equivalent
ratings and outlook are simultaneously assigned at Cenveo
Corporation.

The following summarizes Moody's ratings and rating actions for
Cenveo:

Issuer: Cenveo, Inc.

-- Corporate Family Rating, Downgraded to Caa2 From Caa1 and Then

    Withdrawn

-- Probability of Default Rating, Downgraded to Caa2-PD From
     Caa1-PD and Then Withdrawn

-- Speculative Grade Liquidity Rating, Affirmed at SGL-3 and Then

    Withdrawn

-- Outlook, Maintained at Stable and Then Withdrawn

Issuer: Cenveo Corporation

-- Corporate Family Rating, Assigned Caa2

-- Probability of Default Rating, Assigned Caa2-PD

-- Speculative Grade Liquidity Rating, Assigned SGL-3

-- Outlook, Assigned Stable

-- Senior Secured First Lien Notes, Downgraded to Caa1 (LGD3)
    From B3 (LGD3)

-- Senior Secured Second Lien Notes, Downgraded to Caa3 (LGD5)
    From Caa2 (LGD4)

RATINGS RATIONALE

Cenveo Corporation's (Cenveo) Caa2 CFR reflects Moody's opinion
that the long term sustainability of the company's debt structure
is uncertain, as depicted via elevated leverage of debt/EBITDA of
7.8x (Moody's adjusted at 31Mar17), EBITDA declining along with
revenue, and a lack of forward visibility of activity levels. The
company is in the midst of a protracted business restructuring
prompted by the ongoing digitization/internet-ization of
advertising and marketing, a matter that has adversely affected its
core envelope converting and commercial printing operations. Cenveo
has yet to prove that it can consistently generate free cash to
repay debt, although Moody's expects the company to maintain
adequate liquidity, with no refinance milestones until 2019.
Cenveo's speculative grade liquidity rating is SGL-3, indicating
adequate liquidity. Moody's expects Cenveo to generate ~$30 million
of free cash flow, and the company has a $190 million ABL facility
with an estimated $125 million of unused capacity (31Mar17, pro
forma for a small Q2 debt maturity). Moody's does not view Cenveo
as having a significant ability to sell non-core assets to augment
liquidity.

Rating Outlook

The stable outlook reflects expectations of stable leverage and
adequate liquidity position.

What Could Change the Rating - Up

* EBITDA expansion, such that Debt / EBITDA remains below 5x on a
sustained basis (7.8x at 31Mar17)

* Together with

-- Solid liquidity

-- Clarity on business asset portfolio planning

What Could Change the Rating -- Down

* Lack of EBITDA expansion, such that Debt / EBITDA remains above
8x on a sustained basis (7.8x at 31Mar17)

* Deteriorating liquidity

* Heightened execution risks

* Deteriorating business conditions

The principal methodology used in these ratings was Media Industry
published in June 2017.

Headquartered in Stamford Connecticut, and with about $1.7 billion
of revenue from envelope converting (52%), commercial printing
(29%) and label/packaging (19%), Cenveo Corporation (Cenveo), is a
wholly operating subsidiary of publicly-traded holding company,
Cenveo Inc. While all debt instruments are issued by Cenveo
Corporation, Cenveo, Inc. guarantees all of Cenveo Corporation's
debt and issues the corporate family's financial statements.


CHARTER COMMUNICATIONS: S&P Retains 'BB+' Rating on Unsec. Debt
---------------------------------------------------------------
S&P Global Ratings assigned its 'BBB-' issue-level rating and '1'
recovery rating to Charter Communications Operating LLC's and
Charter Communications Operating Capital Corp.'s proposed $1.5
billion secured notes, which will be split between new secured
notes due 2028 and an add-on to the existing 5.375% secured notes
due 2047.  The '1 recovery rating reflects S&P's expectation for
very high (90%-100%; rounded estimate: 95%) recovery in a simulated
default scenario.  S&P's 'BB+' issue-level rating and '4' recovery
rating remain unchanged on Charter's unsecured debt.

The company intends to use the $1.5 billion in proceeds from the
new secured notes for general corporate purposes, which could
include share repurchases.  The 'BB+' corporate credit rating is
also unchanged, as S&P continues to expect leverage to remain
between 4.0x and 4.5x for the foreseeable future.

                        RECOVERY ANALYSIS

Key analytical factors

   -- S&P's simulated default scenario contemplates lower revenue
      due to an acceleration of video subscriber declines and an
      inability to offset video declines with broadband growth due

      to heightened competition.

   -- Other default assumptions include: the revolver is 85%
      drawn, LIBOR rises to 2.5%, the spread on the credit
      facilities rises to 5% as covenant amendments are obtained
      as credit deteriorates, and all debt includes six months of
      prepetition interest.  S&P values Charter at a 7x multiple
      of emergence EBITDA, which is at the high end of the 5x-7x
      range S&P uses for pay-TV providers given its incumbent
      market positions, programming synergies enabled by its
      scale, and its geographic diversification.

Simulated default assumptions
   -- Simulated year of default: 2022
   -- EBITDA at emergence: $8.3 billion
   -- EBITDA multiple: 7x

Simplified waterfall
   -- Net enterprise value (after 5% administrative costs): $55.3
      billion
   -- Value available to secured debt claims: $55.3 billion
   -- Secured debt claims: $49.8 billion
     -- Recovery expectations: 90% to 100% (rounded estimate: 95%)
   -- Total value available to unsecured claims: $5.5 billion
   -- Senior unsecured debt: $16.3 billion
      -- Recovery expectations: 30% to 50% (rounded estimate: 30%)

RATINGS LIST

Charter Communications Operating LLC
Corporate Credit Rating                      BB+/Stable/--

New Rating

Charter Communications Operating LLC
Charter Communications Operating Capital Corp.

Senior Secured notes due 2028                BBB-
  Recovery Rating                             1 (95%)

Rating Unchanged

Charter Communications Operating LLC
Charter Communications Operating Capital Corp.

Senior Secured notes due 5/1/2047            BBB-
  Recovery Rating                             1 (95%)



CHOXI.COM INC: jClub Acquires All Assets
----------------------------------------
jClub, a discount e-commerce retail store, on June 29 disclosed
that it has acquired all of the assets, including the multi-million
customer database, of Choxi.com Inc., an online shopping platform
that declared bankruptcy in December 2016.  The acquisition allows
jClub to expand their service offering and provide customers even
better deals on consumer goods.  

"We're excited to give customers a safe and reliable place to shop
for the best deals online.  We know that online stores can get a
bad reputation, and customers are afraid of getting burned.  At
jClub, we're committed to doing things differently," said Harry
Savalia, Chief Executive Officer of jClub.  "We value both trust
and quality, and we can't wait for Choxi customers to experience
the terrific deals and trustworthy service we have to offer."

Founded in 2014, jClub is dedicated to online retail best practices
-- including exceptional customer service, high-quality
merchandise, and fiscal responsibility.  In addition to hiring key
Choxi employees and vendors who were instrumental in Choxi's early
success, jClub has invested heavily in the website and underlying
technology infrastructure of the company.

To lay this groundwork requires a solid management team, and again,
jClub has that covered. Savalia brings over 25 years of wholesale
experience and 15 years of online retail experience, while Jon
Mitchell, jClub's Chief Operating Officer, has over 17 years of
experience developing all aspects of business operations and
successful companies.

As Savalia explains, "Whereas Choxi overspent on advertising and
ignored its vendor base, customer base and profit margins, we run a
very different operation.  I have been on both sides of the table,
and I stick to a very simple business model: Vendors and customers
come first."

jClub's product catalog includes such diverse items as apparel,
beauty, electronics, home goods, shoes, handbags, luggage, watches,
fragrance and more.  The jClub team works directly with reliable
suppliers to cut costs while verifying product quality.  There are
no membership fees or U.S. shipping fees, jClub only charges
customers once the order ships, and every order is risk-free.
Customers who aren't satisfied with a product can return it for
free within 30 days of purchase.

                        About Choxi.com

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

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

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

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

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


CLINE GRAIN: Auction of Real Property and Fixtures Approved
-----------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Indiana
authorized the sale by Cline Grain, Inc. and affiliates of New
Winchester, LLC's auction sale of additional real property and
fixtures on June 29, 2017.

A hearing was held on the Supplemental Sale Motion and on the
Pinnacle Agriculture Distribution, Inc.'s objection on June 14,
2017.

The additional real property and fixtures ("Property") to be
auctioned are:

   a. New Winchester: 6980 W. US 36, Danville, Indiana, Parcel
Number 32-12-04-365- 002.000-017 1.71 ac more or less including all
buildings, improvements and permanent fixture located thereon and
together with all grain elevator equipment.  This property is
contiguous with the property previously authorized to be sold and
together they encompass the entire New Winchester facility; and

   b. New Market: 108 N., Second Street, New Market, Indiana,
Parcel Number 54-10-31- 333-012.000-031 .300 ac more or less.  This
parcel does not include any improvements.  This property is
contiguous with the property previously authorized to be sold and
together they encompass the entire New Market facility.

The Property is to be sold "as-is" with no express or implied
warranty.  It may only be sold in individual lots corresponding to
each elevator.  No "global bid" for more than one elevator will be
entertained; although any party may bid for more than one
elevator.

All parties with an interest in the Property have consented to the
Property being sold free and clear of all liens, claims, interests
and encumbrances, including the liens, claims, interests and
encumbrances by the following parties: (i) New Winchester, 6980 W
US 36, Danville, Indiana: Tri-County and Pinnacle Agriculture
Distribution, Inc.; and (ii) New Market, 108 N. Second Street, New
Market, Indiana: Pinnacle.  Such liens will attach to the proceeds
of the Auction in accordance with their listing therein.

The Debtor is authorized to sell free and clear of a certain
warrant of the IDR as such warrant is for a de minims amount.  None
of the Property being sold is subject to any exemption of the
Debtor.

Any lien, claim, interest or encumbrance of Pinnacle will attached
to the proceeds of the Auction; however, such proceeds will be held
in trust pending resolution of the adversary New Winchester
Properties, LLC v. Pinnacle, Adv. Pro. No. 17-58009, or distributed
by Court order to lien holders asserting lien senior to the liens
claimed by Pinnacle following a hearing as provided.

The Debtor is authorized to issue bills of sale and deeds and
related documents to affect such sales.

The 14-day stay imposed by Rule 6004(h) of the Federal Rules of
Bankruptcy Procedure is waived.

The Debtor is directed to file a report of sale within 15 days of
closing on any of the Property.

All proceeds of Property sold at the Auction are to be held,
pending a hearing on July 19, 2017 and further Court order on
distribution of such proceeds; however, real estate taxes through
the date of closing, title insurance costs and other routine
closing costs will be deducted from the sale proceeds due the
Debtor as part of any closing.

Tri-County is entitled to exercise credit bid rights for the total
amount of their claim.  No other party will be entitled to credit
bid.

                    About Cline Grain, et al.

Cline Grain, Inc., sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Ind. Case Nos. 17-80004) on Jan. 3,
2017.  Chapter 11 petitions were also simultaneously filed by
Cline
Transport, Inc. (Case No. 17-80005), New Winchester Properties,
LLC
(17-80006), Michael B. Cline and Kimberly A. Cline (Case No.
17-00013) and Allen L Cline and Teresa A. Cline (Case No.
17-00014).  Allen Cline, as authorized representative, signed the
petitions.

The cases are assigned to Judge Jeffrey J. Graham.  On Jan. 10,
2017, the Court ordered the joint administration of all the
Debtors'
cases under Case No. 17-80004.

The Debtors are represented by Jeffrey M. Hester, Esq., at Hester
Baker Krebs LLC.

At the time of the filing, the Debtors reported these assets and
liabilities:

                                     Estimated   Estimated
                                      Assets    Liabilities
                                    ----------  -----------
       Cline Grain, Inc.               $0-$50K    $1M-$10M
       Cline Transport, Inc.        $500K-$1M     $1M-$10M
       New Winchester Properties     $10M-$50M    $1M-$10M

No official committee of unsecured creditors has been appointed in
the Chapter 11 cases.


COMMERCIAL METALS: S&P Rates Proposed $300MM Sr. Notes 'BB+'
------------------------------------------------------------
S&P Global Ratings assigned its 'BB+' issue-level rating to
Commercial Metals Co.'s proposed $300 million senior unsecured
notes due 2027.  The recovery rating of '3', indicating S&P's
expectation for meaningful (50% to 70%; rounded estimate of 65%)
recovery in the event of payment default, is unchanged.  S&P
expects the company will use proceeds to repay debt and for general
corporate purposes.

S&P's 'BB+' corporate credit rating and stable outlook on
Commercial Metals Co. are unchanged.  This reflects S&P's
expectation that the company will maintain debt to EBITDA between
2x and 3x and funds from operations to debt of about 30% through
the end of 2017 and into 2018. Our ratings consider Commercial
Metals' stable credit ratios and operating performance.  S&P also
factor in the company's susceptibility to lower profitability
during downturns driven by its participation in the highly cyclical
steel industry and exacerbated by it not being a value-added steel
manufacturer, with rebar being the company's major product.

Ratings List

Commercial Metals Co.
Corporate Credit Rating               BB+/Stable

New Rating

Commercial Metals Co.
Senior Unsecured
  $300 mil notes due 2027              BB+
  Recovery Rating                      3(65%)


COMMUNITY TRANSLATOR: Chapter 7 Trustee Taps Piercy as Accountant
-----------------------------------------------------------------
The Chapter 7 trustee for Community Translator Network LLC seeks
approval from the U.S. Bankruptcy Court for the District of Utah to
hire an accountant.

Michael Thomson, the court-appointed trustee, proposes to hire
Piercy Bowler Taylor & Kern to, among other things, file the
Debtor's tax returns, provide forensic cash and accounting analysis
of its transactions, and provide additional accounting and
valuation services needed for the liquidation of the Debtor's
assets or the administration of its case.

The hourly rates for Piercy Bowler's professionals range from $70
to $325.

Piercy Bowler does not have any connection with the Debtor or any
of its creditors, according to court filings.

The firm can be reached through:

     Mark Hashimoto
     Piercy Bowler Taylor & Kern
     7050 Union Park Avenue, Suite 140
     Salt Lake City, UT 84047
     Phone: 801-990-1120
     Fax: 801-665-1400

                   About Community Translator

Community Translator Network LLC was a limited liability company
registered in Utah on Jan. 26, 2006.  The Company's principal
source of revenue and profits was from the purchase, development,
and sale of FM Broadcast Translator Stations authorized by the
Federal Communications Commission, or the permits and licenses to
construct or operate FM translator stations.

The Debtor sought Chapter 11 protection (Bankr. D. Utah Case No.
15-31245) on Dec. 1, 2015, estimating less than $100,000 in assets
and less than $50,000 in debt.  John Christian Barlow, Esq., at Law
Office of John Christian Barlow, served as counsel to the Debtor.
The Debtor also hired Knute Rife, Esq., at the Rife Law Office as
counsel.

The Office of the U.S. Trustee asked the Court to either dismiss
the Chapter 11 case or convert the case to Chapter 7.  Following a
hearing on June 16, 2017, Judge William T. Thurman decided to
converted the case to Chapter 7.  

On June 20, the U.S. Trustee named Michael F. Thomson, Esq., a
partner at Dorsey & Whitney LLP, as Chapter 7 trustee for the
Debtor.  The trustee hired Dorsey & Whitney LLP as his bankruptcy
counsel.


CONSTELLATION ENTERPRISES: Seeks Conversion into Ch. 7 Proceeding
-----------------------------------------------------------------
BankruptcyData.com reported that Constellation Enterprises filed
with the U.S. Bankruptcy Court a motion to convert its Chapter 11
reorganization to a liquidation under Chapter 7. The motion
explains, "Conversion of these cases to cases under chapter 7 is in
the best interests of the Debtors' estates. As noted above, there
are insufficient funds in the estates or otherwise available to the
estates to pay accrued administrative expenses and the anticipated
administrative expenses that may be incurred if the Debtors remain
in chapter 11 to complete their wind-down and conclude their cases.
For example, prior to the conclusion of these cases, the Debtors
may need to, among other things, (i) formulate agreed procedures to
distribute the funds in the Employee Funding Escrow and, if
necessary, obtain Court approval of such procedures, (ii) analyze
and, if appropriate, prosecute certain causes of action, including
causes of action arising under chapter 5 of the Bankruptcy Code,
that remained with the Debtors after the closing of the Sales, and
(iii) resolve the WARN Adversary. The Debtors believe that a
chapter 7 trustee can more affordably complete such tasks and
effectively bring these cases to their conclusion. Accordingly, the
Debtors submit that conversion of their cases is warranted under
the circumstances." The Court scheduled a July 14, 2017 hearing to
consider the motion, with objections due by July 7, 2017.

               About Constellation Enterprises

Constellation Enterprises LLC, through its subsidiaries,
manufactures custom engineered metal components for various end
markets such as rail transportation, oil and gas, general
industrial, nuclear, aerospace, and small gas engine markets.  The
company was incorporated in 1996 and is based in Caldwell, Texas.

Constellation Enterprises LLC and its affiliates filed for Chapter
11 bankruptcy protection (Bankr. D. Del. Lead Case No. 16-11213) on
May 16, 2016.

William Lowry, chief financial officer, signed the petitions.

Constellation Enterprises estimated assets between $1 million and
$10 million and debt between $100 million and $500 million.

Adam C. Rogoff, Esq., and Joseph A. Shifer, Esq., at Kramer Levin
Naftalis & Frankel LLP serve as the Debtors' bankruptcy counsel.
Daniel J. DeFranceschi, Esq., Zachary I. Shapiro, Esq., Rachel L.
Biblo, Esq., and Joseph C. Barsalona II, Esq., at Richards, Layton
& Finger, P.A., serve as the Debtors' co-counsel.

Imperial Capital, LLC, is the Debtors' financial advisor. Conway
Mackenzie Management Services LLC is the Debtors' crisis management
& restructuring services provider.  Epiq Bankruptcy Solutions, LLC,
is the Debtors' claims and noticing agent.


DARDEN-GREEN CO: Bankruptcy Administrator Objects to Disclosures
----------------------------------------------------------------
The Bankruptcy Administrator for the Northern District of Alabama
has filed with the U.S. Bankruptcy Court for the Northern District
of Alabama an objection to Darden-Green Co., Inc.'s disclosure
statement referring to the Debtor's plan of reorganization.

The Bankruptcy Administrator claims that:

     1. the Disclosure Statement has the apparent following
        typographical errors:

        A. Page 3, final paragraph, line 5: "EXEISTANCE" probably
           should be "EXISTANCE";

        B. Page 4, subsection A, line 2: "hearing" should
           probably be "heating";

        C. Page 4, subsection B, line 8: "dept" should probably
           be "debt"; and

        D. Page 9 Section C.1 the two Class references in the
           paragraph should probably be numbered "4";

     2. the Disclosure Statement does not list the B.P. Lawsuit
        Claim ID 100292605 that is listed in Schedule A/B: Assets-
        Real and Personal Property on line 74 of the Voluntary
        Position (Doc. 1), in the Asset Analysis in Exhibit 3.  If

        this asset is no longer of value, that information should
        be noted on page 7 under Article IV ASSETS, CASH FLOW,
        Subsection A. Assets;

     3. the Asset Analysis in Exhibit 3 does not explain how the
        $5,000 Liquidation Value for Trucks was determined.  On
        Schedule B (Doc. 1), the four secured 2013 Ford F150
        vehicles are valued at $20,000 each.  The claims filed for

        each are approximately $10,000, which would appear to be
        roughly $10,000 equity for each, or approximately
        $40,000 total equity;

     4. Claim No. 12 of Noland Co. $329,412.37 was filed as
        $235,000 secured and $94,412.37 unsecured.  Exhibit 5
        Claims Analysis lists it is fully unsecured.  If it is
        unsecured an explanatory note would be helpful;

     5. the most recent amendment to Claim No. 3 of the I.R.S.
        shows a priority portion of $11.11 and unsecured portion
        of $4,778.22, rather than $311.11 and $4,878.22 as listed
        in Exhibit 6 CLASSIFICATION OF CLAIMS AND TREATMENT OF
        CLAIMS, Class 4;

     6. the Disclosure Statement on Page 7, Article IV ASSETS,
        CASH FLOW, under Section B. (2) in reference to Exhibit 4
        should explain how the anticipated Profit percentages
        ranging from 1-3% in Exhibit 4 were arrived at;

     7. the Disclosure Statement on Page 7, Article IV ASSETS,
        CASH FLOW, under Section B. (2) (i) indicates that one
        advantage post confirmation is that "Debtor will have
        access to that case required during the bankruptcy case
        paid to the Bankruptcy Administrator's office."  However,
        quarterly fees are still required to be paid post
        confirmation, "until the case is converted or dismissed."
        28 U.S.C. Section 1930(a)(6);

     8. the Disclosure Statement on Exhibit 6 Treatment of Class 6

        Claims, last paragraph, the distribution to Carrier-
        Weathertech for 64 payments at $2,680.90 is $171,577.60,
        rather than $171,377.60, and will increase the total
        distribution to $200,647.60;

     9. the operating reports filed show that only 3 of the last 8

        months have been profitable, and an accumulated net loss
        in excess of $100,000.  Thus, the B.A. has concerns that
        this case is not feasible; and

    10. the Plan appears to violate the absolute priority rule.
        The Bankruptcy Administrator recognizes that a violation
        of the absolute priority rule is a confirmation issue.
        However, the Bankruptcy Administrator has elected to raise

        that issue now so as to give the plan proponent an
        opportunity to address as early as possible a potential
        violation of the absolute priority rule.

A copy of the Objection is available at:

            http://bankrupt.com/misc/alnb16-01957-100.pdf

As reported by the Troubled Company Reporter on May 4, 2017, the
Debtor, in its disclosure statement and accompanying plan of
reorganization, proposed that Class 5 small unsecured claimants
receive 25% of their claims in cash within 30 days of the
confirmation of the Plan.

                         About Darden-Green

Darden-Green Co., Inc., based in Birmingham, Alabama, filed a
Chapter 11 petition (Bankr. N.D. Ala. Case No. 16-01957) on May 12,
2016.  The Hon. Tamara O Mitchell presides over the case. Thomas E
Reynolds, Esq., at Reynolds Legal Solutions, LLC, serves as Chapter
11 counsel.  In its petition, the Debtor listed total assets of
$2.13 million and total liabilities of $2.31 million.  The petition
was signed by Bobbie Green, general manager.


DEXTERA SURGICAL: Has 38.9M Outstanding Common Stock at June 23
---------------------------------------------------------------
Dextera Surgical, Inc. disclosed in a Form 8-K filed with the
Securities and Exchange Commission that the outstanding capital
stock of the Company as of the close of business on June 23, 2017,
was as follows:

     Shares of Common Stock: 38,915,825
     Shares of Series A Convertible Preferred Stock:  0
     Shares of Series B Convertible Preferred Stock:  422

                     About Dextera Surgical

Dextera Surgical (Nasdaq:DXTR) designs and manufactures proprietary
stapling devices for minimally invasive surgical procedures.
Dextera Surgical also markets automated anastomosis devices for
coronary artery bypass graft (CABG) surgery on the market today:
the C-Port Distal Anastomosis Systems and PAS-Port Proximal
Anastomosis System.  These products are sold by Dextera Surgical
under the Cardica brand name.

Dextera reported a net loss of $15.98 million for the fiscal year
ended June 30, 2016, following a net loss of $19.18 million for the
year ended June 30, 2016.  As of March 31, 2017, Dextera had $5.79
million in total assets, $9.64 million in total liabilities and a
total stockholders' deficit of $3.85 million.

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


DIGIDEAL CORPORATION: Taps CliftonLarsenAllen as Accountant
-----------------------------------------------------------
Digideal Corporation seeks approval from the U.S. Bankruptcy Court
for the Eastern District of Washington to hire an accountant.

The Debtor proposes to hire CliftonLarsenAllen to, among other
things, prepare its tax returns and reports, and provide tax advice
related to its plan of reorganization.

The hourly rates charged by the firm are:

     Principal         $300
     Manager/Director  $240
     Senior Associate  $180
     Associate         $145
     Support           $ 90

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

The firm can be reached through:

     Brian Shull
     CliftonLarsenAllen
     601 W. Riverside, Suite 700
     Spokane, WA 99201
     Phone: (509) 363-6300

                   About Digideal Corporation

Digideal Corporation sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Wash. Case No. 17-00449) on Feb. 22,
2017.  The petition was signed by Michael J. Kuhn, president.  The
case is assigned to Judge Frederick P. Corbit.

Kevin O'Rourke, Esq., at Southwell & O'Rourke, P.S., serves as the
Debtor's legal counsel.

At the time of the filing, the Debtor estimated its assets at $100
million to $500 million and liabilities at $1 million to $10
million.

On March 30, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.


DURON SYSTEMS: Wants to Use Allegiance Cash Collateral
------------------------------------------------------
Duron Systems, Inc., asks for permission from the U.S. Bankruptcy
Court for the Southern District of Texas to use cash collateral to
pay its necessary expenses of its business in the ordinary course.


The Debtor has outstanding loans and lines of credit secured by
assets that may constitute cash collateral with these entities:
Allegiance Bank and Wells Fargo Equipment Finance.  The Debtor also
has loans outstanding with Expansion Capital Group, LLC, Fox
Capital Group, Inc., Yellowstone Capital, LLC, and Kings Cash
Group, LLC.  These Cash Collateral Secured Creditors may have liens
and security interests on various assets of the Debtor, including
its proceeds of sales, accounts receivable and inventory.  Aside
from its proceeds of sales and cash from the collection of accounts
receivable, the Debtor has no other source of funds to continue to
operate its business.  Thus, to the extent liens and security
interests constitute cash collateral, the Debtor requires an order
from the Court granting it authority to use its cash on necessary
operating expenses.

The Debtor says that it is without sufficient funds other than the
cash collateral to operate for days until a final hearing on this
request can be held.  The Debtor's inability to timely pay the
costs and expenses will result in immediate and irreparable harm to
the estate.  The Debtor tells the Court that without the immediate
ability to use the cash collateral for an interim period, the
Debtor cannot operate its business and will suffer the loss of
employees, loss of revenue, and probable termination of the
business.  A complete shutdown of the Debtor's businesses, even for
a short period, would result in the loss of customers, further
damaging the estate.

The Debtor proposes to adequately protect the interest of the Cash
Collateral Secured Creditors in their cash collateral in a number
of ways.  First, the Debtor will provide post petition liens on
accounts and receivables to protect the lender(s).  In addition,
the Debtor will provide the Cash Collateral Secured Creditors with
information relating to projected revenues and expenses, actual
revenue and expenses, and variances from the interim budget.

A copy of the Debtor's request is available at:

            http://bankrupt.com/misc/txsb17-33692-2.pdf

Established in 1980, Duron Systems, Inc. --
http://www.duronsystems.com-- is an oil and gas fabrication
facility located in Houston, Texas.  The Company offers turnkey
project management solutions to meet its customers' ever-increasing
demands.  Duron features its own pull test facilities up to 100,000
Lbs., stress relieving and hydro-testing equipment, and 24-hour
operations.  Its fabrication and cladding weld procedures are
qualified to AWS, ASME, DNV, ABS, API, NACE, and specific customer
requirements.  As the only AWS certified fabricator in Houston, the
Debtor also maintains an ISO Compliant Process Management System.

The Debtor filed for Chapter 11 bankruptcy protection (Bankr. S.D.
Tex. Case No. 17-33692) on June 13, 2017, estimating its assets and
liabilities at between $1 million and $10 million each.  The
petition was signed by Phillip Lower, director.

Judge Karen K. Brown presides over the case.

Reese W Baker, Esq., at Baker & Associates serves as the Debtor's
bankruptcy counsel.


DYNAMIC CONSTRUCTION: Has Final Approval to Use Cash Collateral
---------------------------------------------------------------
Judge Rebecca B. Connelly of the U.S. Bankruptcy Court for the
Western District of Virginia entered a final order authorizing
Dynamic Construction Services, Inc., to use cash collateral.

The Debtor is permitted to use cash collateral as needed to pay the
normal and ordinary expenses of managing and operating the Debtor's
business in the ordinary course of its business, and to otherwise
maintain and preserve its assets, including administrative expenses
allowed by the Bankruptcy Court.

The Budget shows the categories and amounts of anticipated normal
and ordinary expenses of managing and operating the Debtor's
business in the ordinary course of its business and maintaining and
preserving its assets. It reflects total cash payout of
approximately $1,939,027 during the period from June through
December 2017.

The Debtor is indebted to Bank of the James as of the Petition Date
in the amount with a principal balance of $680,611, accrued and
unpaid interest asserted to be in the amount of $2,295, and costs,
fees, and expenses asserted to be in the amount of $921. Bank of
the James asserts a lien in the cash collateral proposed to be used
by the Debtor.

The Debtor and the U.S. Trustee agree that the Bank's loans to the
Debtor are secured by a lien on certain of the Debtor's assets
which include the cash collateral.

The Debtor is directed to timely make its regular monthly payments
on the loan made by the Bank in the amount of $5,909 due and
payable on June 15, 2017, and on the 15th day of each successive
month.

The Bank is granted, as security to the extent of the diminution in
the value of the collateral in which the Bank has an interest, a
valid, perfected, and enforceable security interest in the Debtor's
accounts receivable and inventory created or acquired after the
Petition Date. The Replacement Lien granted to the Bank will have
the same priority as existed as of the Petition Date. Additionally,
the Bank will have an administrative claim under section 503(b) of
the Bankruptcy Code, with priority under section 507(b) of the
Bankruptcy Code, to the extent its interest in the Collateral
diminishes during the pendency of the case as a result of the
Debtor's use of the cash collateral.

The Debtor is directed to provide the Bank with a statement showing
accounts receivable as of the Petition Date, on or before June 30,
2017.

A full-text copy of the Final Order, dated June 22, 2017, is
available at http://tinyurl.com/yc4edkdj

Counsel for Bank of the James:

          John W. Francisco, Esq.
          Woods Rogers PLC
          P.O. Box 14125
          Roanoke, Virginia 24038-4125
          Telephone: (540) 983-7600
          Facsimile: (540) 983-7711
          E-mail: jfrancisco@woodsrogers.com

                    About Dynamic Construction

Headquartered in Greenville, Virginia, Dynamic Construction
Services, Inc., is a small business Debtor as defined in 11 U.S.C.
Section 101(51D).  It listed its business under the utility system
construction category.  It is a full service utility and wireless
communications contractor serving the mid-Atlantic region for the
last 10 years.

Dynamic Construction filed for Chapter 11 bankruptcy protection
(Bankr. W.D. Va. Case No. 17-50566) on June 2, 2017, estimating its
assets and liabilities at between $1 million and $10 million.  The
petition was signed by Charles Spangler, Jr., president.

Judge Rebecca B. Connelly presides over the case.

Andrew S Goldstein, Esq., at Magee Goldstein Lasky & Sayers, P.C.,
serves as the Debtor's bankruptcy counsel.


EDIFICE GROUP: Has Access to Cash Collateral Until Dec. 31
----------------------------------------------------------
The Hon. Wendy L. Hagenau of the U.S. Bankruptcy Court for the
Northern District of Georgia has entered a final order authorizing
Edifice Group, Inc., to use certain cash that is alleged to be
subject to security interests and liens in favor of Fifth Third
Bank, Padco Financial Services, and Monroe Capital Management
Advisors, successor to Channel Partners Capital for the period
commencing June 15, 2017, and ending on the sooner to occur of (a)
confirmation of a plan, (b) Dec. 31, 2017, or (c) the occurrence of
an event of default.

The occurrence or existence of any one or more of these events or
conditions will constitute an event of default: (i) the conversion
or dismissal of the case; (ii) the appointment of a trustee or an
examiner with expanded powers in the case; or (iii) the Debtor's
failure to comply with this court order.

As partial adequate protection of their interests, to the extent of
the validity and priority of their liens existing as of the
Petition Date, the Lenders will be granted a continuing, additional
replacement lien and security interest in and to all of the now
existing or hereafter arising or after-acquired assets of the
Debtor to the same extent and priority and of the same kind and
nature as the Lenders had in and to the collateral and cash
collateral as of the Petition Date.  The Adequate Protection Liens
are granted as adequate protection against any diminution in the
value of any liens and security interests of the Lenders in any
property of Debtor resulting from the imposition of the automatic
stay or any use, sale, consumption or other disposition of the
property.  The liens granted in connection with the use of cash
collateral will be subject and junior to the fees of the Office of
the U.S. Trustee.

As additional adequate protection, starting on June 20, 2017, and
continuing on a like day of every month thereafter, the Debtor will
pay to Fifth Third an amount equal to one month's interest at the
non-default rate provided under the loan documents between the
Debtor and Fifth Third.

Padco is authorized to apply the amounts the Debtor deposited with
Padco totaling $2,464 to its indebtedness.

A copy of the Court Order is available at:

           http://bankrupt.com/misc/ganb17-59367-28.pdf

As reported by the Troubled Company Reporter on June 5, 2017, the
Debtor sought authorization from the Court for the use of cash
collateral in which Fifth Third, Padco, and Monroe Capital
Management Advisors, successor to Channel Partners Capital, have an
interest.  The Debtor intends to use cash collateral in the
ordinary course of its business for payment of operational expenses
and administrative expenses in accordance with the budget, through
the date the Court holds a hearing on final approval of the
Debtor's use of cash collateral.  

                       About Edifice Group

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

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

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


EFTENI INC: Taps Broege Neumann as Legal Counsel
------------------------------------------------
Efteni, Inc. seeks approval from the U.S. Bankruptcy Court for the
District of New Jersey to hire legal counsel in connection with its
Chapter 11 case.

The Debtor proposes to hire Broege, Neumann, Fischer & Shaver, LLC
to, among other things, give legal advice regarding its duties
under the Bankruptcy Code, negotiate with creditors, and assist in
the preparation and implementation of a plan of reorganization.

The hourly rates charged by the firm are:

     Timothy Neumann     $590
     Peter Broege        $590
     Associates          $275
     Paralegals          $100

Timothy Neumann, Esq., disclosed in a court filing that he and his
firm are "disinterested persons" as defined in section 101(14) of
the Bankruptcy Code.

The firm can be reached through:

     Timothy P. Neumann, Esq.
     Broege, Neumann, Fischer & Shaver, LLC
     25 Abe Voorhees Drive
     Manasquan, NJ 08736
     Phone: (732) 223-8484
     Email: tneumann@bnfsbankruptcy.com

                        About Efteni Inc.

Efteni Inc. sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D.N.J. Case No. 17-22625) on June 20, 2017.  At the
time of the filing, the Debtor estimated assets and liabilities of
less than $100,000.

Judge Christine M. Gravelle presides over the case.  

The Debtor previously filed a Chapter 11 petition.  The petition
(Bankr. D.N.J. Case No. 16-16547) was filed on April 5, 2016.


EMERALD GRANDE: Taps John Wiley as Conflicts Counsel
----------------------------------------------------
Emerald Grande, LLC seeks approval from the U.S. Bankruptcy Court
for the Northern District of West Virginia to hire John Wiley,
Esq., as its conflicts counsel.

Mr. Wiley will represent the Debtor in matters related to Tara
Retail Group LLC, which owns the Elkview Crossings Shopping Mall
adjacent to the La Quinta Inn hotel operated by the Debtor.

In April this year, the bankruptcy court issued an order in Tara's
Chapter 11 case (Bankr. N.D. W.Va. Case No. 17-00057) that allowed
the construction of a new bridge to restore public access to the
shopping mall.  An issue was raised in Tara's case as to whether
the Debtor is obligated to contribute to the cost of restoring
public access to the property.

According to the Debtor, the employment of Mr. Wiley is necessary
given that its bankruptcy counsel Kay, Casto & Chaney PLLC, also
serves as counsel to Tara.  As counsel to both companies,
evaluating and objecting to any claim filed by Tara in the Debtor's
case may create a conflict of interest for the firm, the Debtor
said in a court filing.

The Debtor proposes to pay Mr. Wiley an hourly fee of $325 for his
services.

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

Mr. Wiley maintains an office at:

     John F. Wiley, Esq.
     P.O. Box 1381
     601 Preston Road
     Morgantown, WV 2650

                       About Emerald Grande

Emerald Grande, LLC, owns and operates two hotel properties, the La
Quinta Inn and Suites adjacent to the Elkview Crossings Shopping
Mall, in Elkview, West Virginia; and the La Quinta Inn and Suites
adjacent to the Merchants Walk Shopping Mall, in Summersville, West
Virginia.  It also owns a real estate development in Charleston
(Kanawha City), West Virginia.

Emerald Grande filed a Chapter 11 petition (Bankr. N.D. W.Va. Case
No. 17-00021) on Jan. 11, 2017.  The petition was signed by William
A. Abruzzino, managing member. The case is assigned to Judge
Patrick M. Flatley.

The Debtor estimated assets and liabilities at $10 million to $50
million at the time of the filing.  The Debtor is represented by
Steven L. Thomas, Esq., at Kay, Casto & Chaney PLLC.  The Debtor
employs Woomer, Nistendirk & Associates PLLC as accountant; and
Realcorp, LLC as broker, with Jon Cavendish serving as the listing
agent, to market and sell its property in Kanawha County, West
Virginia.  

No official committee of unsecured creditors has been appointed.


EP ENERGY: S&P Lowers CCR to 'CCC+' on Increasing Leverage
----------------------------------------------------------
S&P Global Ratings lowered its corporate credit rating on
Houston-based exploration and production (E&P) company EP Energy
LLC to 'CCC+' from 'B-'.  The outlook remains negative.

At the same time, S&P lowered the issue-level rating on company's
$500 million 1.25-lien 8% senior secured notes to 'B' from 'B+'.
The recovery rating remains '1', reflecting S&P's expectation of
very high (90%-100%; rounded estimate: 95%) recovery in the event
of default.

At the same time, S&P lowered the issue-level rating on the
company's $1 billion 1.5-lien 8% senior secured notes, second-lien
senior secured notes, and unsecured debt to 'CCC-' from 'CCC'.  The
recovery rating remains '6'.  The recovery rating reflects S&P's
expectation for negligible (0%-10%; rounded estimate: 0%) recovery
in the event of default.

The downgrade reflects S&P's assessment of heightened risk that EP
could execute an exchange of its debt, which S&P could view as
distressed.  In recent weeks, the price of the company's unsecured
notes has declined, coinciding with the drop in oil prices.  Also,
S&P expects the company's leverage to increase as above-market
hedges are rolling off and it outspends cash flows for modest
expected increases in production.  Due to these factors, the
company may, in S&P's opinion, find it beneficial to exchange debt
in an effort to curb the increased leverage.

The negative outlook reflects S&P's view that EP Energy could
undertake a debt exchange that S&P would deem distressed, absent an
improvement in commodity prices, a potential strategic transaction,
or capital infusion.

S&P could lower the rating should the company take steps or voice
its intention to execute a debt exchange that S&P would view as
distressed.  S&P could also lower the rating should the company's
liquidity position deteriorate to levels S&P would consider less
than adequate or weak.

A revision of the outlook to stable would be predicated on EP
taking steps to reduce leverage such that FFO to debt is closer to
12% and debt to EBITDA decrease closer to 5x.  This scenario could
materialize as a result of raising capital to deleverage and fund a
more aggressive growth strategy.

   -- S&P Global Ratings' simulated default for EP Energy assumes
      a sustained period of low commodity prices, consistent with
      the conditions of past defaults in this sector.

   -- S&P bases its valuation for EP Energy's reserves on a 2017
      first-quarter company-provided PV-10 report using S&P's
      recovery price deck assumptions of $50 per bbl for WTI crude

      oil, $3 per mmBtu for Henry Hub natural gas, and natural gas

      liquids (NGLs) at the company's historical realized price
      of NGLs as a percentage of oil.

   -- In S&P's default scenario, it expects claims on the
      unsecured notes to be subordinated to claims relating to the

      second-lien term loans, which are in turn subordinated to
      claims relating to the priority-lien term loan.  These notes

      are subordinated to the 1.25-lien notes and first-lien RBL
      facility.

   -- Simulated year of default: 2019

   -- Net enterprise value (after 5% administrative costs): $2
      billion
   -- Value available to creditors: $2 billion
   -- RBL facility claims: $1.47 billion
      -- Recovery expectations: Not applicable
   -- Value available to senior secured notes: $515 million
   -- 1.25-lien senior-secured notes claims: $520 million
      -- Recovery expectations: 90%-100% (rounded estimate: 95%)
   -- Value available to 1.5-lien senior-secured notes: Negligible
   -- 1.5-lien senior-secured notes claims: $1,040 million
      -- Recovery expectations: 0%-10% (rounded estimate: 0%)
   -- Value available to second-lien secured term loan debt:
      Negligible
   -- Estimated second-lien secured term loan claims: $30 million
      -- Recovery expectations: 0%-10% (rounded estimate: 0%)
   -- Value available to senior unsecured debt: Negligible
   -- Senior unsecured claims: $2.2 billion
      -- Recovery expectations: 0%-10% (rounded estimate: 0%)

Notes: All debt amounts include six months of prepetition interest.


EXELA INTERMEDIATE: Moody's Lowers 1st Lien Secured Debt to B3
--------------------------------------------------------------
Moody's Investors Service downgraded the ratings on Exela
Intermediate LLC's (dba Exela Technologies, Inc., "Exela") proposed
first lien senior secured credit facility and first lien senior
secured notes to B3 from B2, and its Probability of Default Rating
(PDR) to Caa1-PD from B3-PD based on a shift to an all first lien
debt structure. Concurrently, Moody's affirmed the company's B3
Corporate Family Rating (CFR) and the Speculative Grade Liquidity
rating of SGL-3. Moody's has withdrawn the ratings on the proposed
senior unsecured notes. The outlook remains stable.

The downgrade of the first lien debt to B3 from B2 follows the
company's revised financing structure, which now proposes an all
first lien senior secured debt structure. The previous capital
structure had featured senior unsecured notes that would have
provided a loss absorption cushion under a default scenario, better
positioning first lien creditors. The total debt outstanding
following the revision of the previously proposed capital structure
remains unchanged. While the pricing on the proposed first lien
debt is higher than originally anticipated, the impact on Exela's
cost of capital and future cash flows will be minimal due to
elimination of unsecured notes.

Given the shift to an first lien debt structure with financial
maintenance covenants, Moody's assumes a higher than average
recovery rate for the debt of the corporate family (65% mean family
recovery in a default scenario) and downgraded the PDR to Caa1-PD.

Moody's took the following rating action on Exela Intermediate
LLC:

Ratings Downgraded:

Probability of Default Rating, downgraded to Caa1-PD from B3-PD

Proposed $100 million backed first lien senior secured revolving
credit facility due 2022, downgraded to B3 (LGD3) from B2 (LGD3)

Proposed $525 million (to be downsized to $350 million) backed
first lien senior secured term loan B due 2023, downgraded to B3
(LGD3) from B2 (LGD3)

Proposed $525 million (to be upsized to $1.0 billion) first lien
senior secured notes due 2023, downgraded to B3 (LGD3) from B2
(LGD3)

Ratings Affirmed:

Corporate Family Rating, affirmed at B3

Speculative Grade Liquidity Rating, affirmed at SGL-3

Outlook Stable

Ratings Withdrawn:

Proposed $300 million senior unsecured notes due 2024, withdrawn at
Caa2 (LGD5)

The ratings remains subject to Moody's review of the final terms
and conditions of the proposed financing and merger transaction
that is expected to close by June 2017.

RATINGS RATIONALE

Exela's B3 CFR reflects the company's high pro forma debt-to-EBITDA
leverage, estimated at 6.3 times (Moody's adjusted and excluding
future cost savings and synergies not yet implemented for the
combined company) at March 31, 2017 and elevated integration risk
associated with the combination of two businesses, SourceHOV and
Novitex, which are currently experiencing operating headwinds.
Revenue is also moderately exposed to economic downturns including
sensitivity to cyclical activities such as mortgage applications
and marketing communications. Deleveraging over the next 12-24
months is predicated on management's ability to successfully
integrate both companies and realize large cost savings and
synergies, while reversing the negative revenue trends. Although
leverage will be high for the rating on close of the transaction,
Moody's estimates that the company will be able to improve on this
measure over the next 12-18 months, with debt-to-EBITDA expected to
moderate towards the mid 5.0 times range by 2018 based on an
improved operating margin. However, these leverage projections
assume Exela achieves the majority of its planned synergies and
cost savings from the merger, while maintaining stable topline. The
company is also exposed to event risks under majority private
equity ownership including debt-funded acquisitions and shareholder
distributions.

Exela's rating is supported by the merged company's greater scale,
increased breadth of services and revenue diversity, as well as the
combined position as a global provider of information and
transaction processing solutions in the BPO market. With enhanced
global scale, Exela will be able to attract a larger customer base
and realize costs advantages and efficiencies while creating value
for its clients. The rating additionally considers Exela's
recurring revenue base driven by multi-year contracts and high
renewal rates, its asset-light operating model with highly variable
cost structure and adequate liquidity.

Exela's SGL-3 Speculative Grade Liquidity rating reflects Moody's
expectation that the company will have adequate liquidity over the
next 12-15 months. The company is expected to generate annual
positive cash flow of around $50-70 million and have full
availability under its new $100 million revolver (undrawn at
closing) over the next 12 months. Cash flow is nevertheless
sensitive to the timing of client project onboarding and the timing
and outlays related to cost saving initiatives. Exela's credit
facilities (revolver and term loan B) will include a first lien net
leverage ratio financial maintenance covenant that requires
covenant compliance tests every quarter. The financial covenant
will be set with a 30% cushion to EBITDA. Because credit agreement
EBITDA consists of significant pro forma cost and synergy
estimates, an inability to fully translate such savings into EBITDA
would erode the covenant cushion.

The revolver, term loan and secured notes will be supported by
guarantees and asset pledges from all material domestic
subsidiaries. The revolver and term loan will also have a guarantee
from Intermediate Holdings LLC, an intermediate holding company,
but this is not deemed material enough to warrant a rating
differential relative to the secured notes. Quinpario Acquisition
Corp. 2, the expected audited entity, will not guarantee the debt
instruments, but Moody's expects it will receive sufficient
information to monitor the activities of the borrowing group and
maintain ratings going forward.

The stable rating outlook reflects Moody's expectation that
management will successfully integrate both businesses and achieve
the bulk of planned cost savings and synergy benefits in a timely
manner, which will be the principal driver of anticipated
deleveraging and free cash flow growth over the next 12-18 months.
Moody's anticipates flat sales, synergy-driven margin expansion,
and credit metric improvement with debt-to-EBITDA leverage trending
to around 5.5 times within 18 months of closing.

The ratings could be downgraded if Exela cannot translate planned
cost savings and synergy benefits into higher EBITDA, revenue
declines, or if the company fails to generate meaningful free cash
flow. The ratings could also be downgraded if debt-to-EBITDA
(Moody's adjusted) approaches 7.0 times or liquidity deteriorates.

Although not expected in the near term given integration risk,
Moody's would consider an upgrade if Exela is able to demonstrate
sustained organic growth and margin expansion, while maintaining
good liquidity with balanced financial policies. Quantitatively,
the ratings could be upgraded if Moody's believes that the company
will maintain debt-to-EBITDA (Moody's adjusted) below 5.5 times and
free cash flow to total debt in a mid-to-high single digit
percentage range.

Exela Intermediate LLC is a global provider of information and
transaction processing solutions to document and
information-intensive end markets, such as financial services and
healthcare. The company will operate in three segments: Information
and Transaction Processing Solutions ("ITPS") -- 76% of 2016 pro
forma revenue, Healthcare Solutions ("HS") -- 17% of 2016 pro forma
revenue, and Legal & Loss Prevention Services ("LLPS") -- 7% of
2016 pro forma revenue. Exela is being formed through the
combination of operating companies SourceHOV LLC and Novitex
Enterprise Solutions into special purpose acquisition company
Quinpario Acquisitions Corp. 2, and is expected to be a publicly
traded company on Nasdaq under the symbol "XELA". HandsOn Global
Management and Apollo Global Management will be the majority
shareholders of the combined company.

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


FEDERAL BUSINESS: Seeks Court OK to Use Cash Collateral
-------------------------------------------------------
Federal Business Systems Corporation Government Division seeks
authorization from the U.S. Bankruptcy Court for the Eastern
District of Virginia to use cash collateral to fund all necessary
operating expenses of its business.

The Debtor has a GSA Schedule 70 and also has a Blanket Purchase
Agreement with the National Institutes of Health. In addition, the
Debtor owns three parcels of property, two in Fairfax County
Virginia (5412 Holyoke Drive, Annandale and 4219 Pine Lane,
Alexandria) and one in Loudoun County, Virginia (25055 Riding Plaza
Suite #120, Chantilly) which it rents.  The Debtor currently has
sales contracts on all of these properties for approximately
$2,000,000.  The Chantilly property is subject to $400,000.00
mortgage to United Bank.

The Debtor requires the use of cash collateral to fund the expenses
set forth in the Budget.  The monthly cash collateral budget
reflects total operating expenses of approximately $100,105 for the
month of June 2017 and $95,105 for the month of July 2017.

The Debtor generates the bulk of its income through its government
contracts.  It also receives rentals in the amount of $7,285 per
month.  At the time of bankruptcy filing, the Debtor had
approximately $99,222.10 in its bank accounts, and the Debtor
expects to receive additional income from contracts as additional
work is accomplished.

As of the date of its bankruptcy filing, the Debtor has accounts
receivable in the approximate amount of $1,900,000 of which
$62,700.00 is expected to be collectible in July and accounts
payable of approximately $1,960,000.

As of the date of bankruptcy filing, the Debtor has two secured
lenders:

   (a) Tech Data Corporation which is owed approximately $188,000.
Tech Data provides goods, equipment and software to the Debtor
which the debtor then sells as part of its IT contracts. Tech Data
has indicated an interest to continue supplying goods and services
to the Debtor after the filing.

   (b) Fulton Bank, N.A. has asserted claims of approximately
$3,454,476 plus interest in litigation between Fulton Bank and the
Debtor.  In addition, Fulton Bank, holds a judgment, in the sum of
$2,786,350 with interest thereon at the rate of $381.32, in the
Circuit Court of Fairfax Country. This judgment would apply to the
Fairfax parcels.

The Debtor acknowledges that Tech Data Corporation and Fulton Bank,
N.A. may have a lien on the cash collateral.

The Debtor claims that adequate protection is provided by placing
of a replacement lien on the Debtor's receivables and the Debtor's
projected cash flow.  The Debtor believes that its ability to
preserve the going concern value of the business with the use of
cash collateral and to provide the Secured Lender with the other
protections, adequately protects its alleged secured position.

The Debtor believes that the use of cash collateral is in the best
interest of the Debtor, its creditors and its estate because it
will enable the Debtor to (a) continue the orderly operation of its
business and avoid an immediate total shutdown of operations; (b)
meet its obligations for necessary ordinary course expenditures,
and other operating expenses; and (c) make payments authorized
under other orders entered by the Court, thereby avoiding immediate
and irreparable harm to the Debtor's estate.

A full-text copy of the Debtor's Motion, dated June 22, 2017, is
available at http://tinyurl.com/y9kvd83b

                 About Federal Business Systems

Federal Business Systems Corporation Government Division --
http://www.fbscgov.us.com/-- provides information technology
solutions to federal, state & local governments, as well as
commercial sector entities.  FBSCGOV is headquartered in
Wilmington, Delaware with offices in Loudoun County, Virginia and
Centreville, Virginia.

Federal Business Systems filed a Chapter 11 petition (Bankr. E.D.
Va. Case No. 17-12128) on June 21, 2017.  The petition was signed
by Geoff Prosser, director.  The case is assigned to Judge Brian F.
Kenney.  The Debtor is represented by David Charles Masselli, Esq.,
at David Charles Masselli PC. At the time of filing, the Debtor
estimated $1 million to $10 million in assets and liabilities.


FERGUSON CONVALESCENT: Trustee Seeks to Hire Mueller as Accountant
------------------------------------------------------------------
Charles Taunt, the Chapter 11 trustee for Ferguson Convalescent
Home Inc., has filed an amended application seeking court approval
to hire Mueller & Company, PC as his new accountant.

The firm will replace Derderian, Kann, Seyferth & Salucci, PC where
its owner, Kurt Mueller, previously worked as accountant.

Mr. Mueller was the one in charge of providing the accounting
services to the trustee when he was still employed with Derderian.

In a court filing, Mr. Mueller disclosed that he and his firm are
"disinterested" as defined in section 101(14) of the Bankruptcy
Code.

Mueller & Company can be reached through:

     Kurt Mueller
     Mueller & Company, PC
     575 E. Big Beaver Road, Suite 250
     Troy, MI 48083
     Phone: 248-524-6000
     Email: info@muellerpc.com

                   About Ferguson Convalescent

Ferguson Convalescent Home, Inc. filed a Chapter 11 bankruptcy
petition (Bankr. E.D. Mich. Case No. 16-30397) on Feb. 24, 2016.
The case is pending before the Honorable Daniel S. Opperman. The
Debtor is represented by Martin W. Hable, Esq., in Lapeer, Mich.

On December 13, 2016, Charles J. Taunt was appointed as Chapter 11
trustee.  The trustee employed The Taunt Law Firm as his bankruptcy
counsel.

The Debtor is a privately-owned and licensed long-term skilled
nursing facility located at 239 S. Main St., Lapeer, Mich.  It
consists of 87 licensed beds, located within a leased facility.
The Debtor had 54 residents and employed nearly 100 full and
part-time employees at the time of the bankruptcy filing.


FIAC CORP: Seeks August 29 Plan Filing Exclusivity Extension
------------------------------------------------------------
FIAC Corp. and its affiliated debtors ask the U.S. Bankruptcy Court
for the District of Delaware to extend the exclusive periods to
file a chapter 11 plan and solicit acceptances for the plan through
and including August 29 and October 27, 2017, respectively.

The Debtors contend that they filed their Joint Plan of
Reorganization and the related disclosure statement on May 8, 2017,
and after extensive negotiations with the Equity Committee, the
Debtors filed their First Amended Joint Plan, dated June 14, 2017
and the First Amended Disclosure Statement. Following the
Disclosure Statement Hearing on June 14, 2017, the Court entered an
order that, among other things, approved the adequacy of the
information contained in the Disclosure Statement and the Debtors'
proposed solicitation procedures. The hearing to consider
confirmation of the Plan is currently scheduled for August 3, 2017.


The Debtors claim that although the Plan and Disclosure Statement
have been filed, the Disclosure Statement approved and the Debtors
will seek confirmation of the Plan at the hearing currently
scheduled for August 3, the Debtors seek the extension requested in
order to preserve their exclusivity in the event that the Plan is
not confirmed and/or unexpected issues or objections arise in
connection therewith.

A hearing will be held to consider the Debtor's Motion on August 3,
2017 at 10:00 a.m.  Objections are due on July 12.

                         About FIAC Corp.
                       fka IMX Acquisition

IMX Acquisition Corp., also known as Ion Metrics Inc., and its
affiliates, designed and manufactured systems and sensors that
detect trace amounts of explosives and drugs.  The products, which
include handheld and desktop detection devices, are used in a
variety of security, safety, and defense industries, including
aviation, transportation, and customs and border protection.  They
have sold more than 5,000 of their detection products to customers
such as the United States Transportation Security Administration,
the Canadian Air Transportation Security Authority, and major
airports in the European Union.

IMX Acquisition Corp. sought Chapter 11 protection (Bankr. D. Del.
Case No. 16-12238) on Oct. 10, 2016.  Its affiliates, Implant
Sciences, C Acquisition Corp. and Accurel Systems International
Corp. also sought Chapter 11 protection.  The cases are assigned to
Judge Brendan Linehan Shannon.

IMX estimated assets and liabilities in the range of $100 million
to $500 million.  The Debtors tapped Paul V. Shalhoub, Esq. and
Debra C. McElligott, Esq., and Jennifer J. Hardy, Esq., at Willkie
Farr & Gallagher, LLP, as counsel.

The petitions were signed by William J. McGann, president.

Andrew Vara, acting U.S. trustee for Region 3, on Oct. 24, 2016,
appointed Harold Coe and four others to serve on the official
committee of equity security holders.  Co-counsel to the Official
Committee of Equity Security Holders are William R. Baldiga, Esq.,
and Gerard T. Cicero, Esq., at Brown Rudnick LLP, in New York, and
Sunni P. Beville, Esq., at Brown Rudnick in Boston; and Mark
Minuti, Esq., at Saul Ewing LLP, in Wilmington, Delaware.  The
Equity Committee tapped FTI Consulting, Inc., as financial advisor.
The Committee also hired Higgs & Johnson to serve as its special
counsel.

Tannor Partners Credit Fund, LP., the New DIP Lender, is
represented in the case by Andrew M. Felner, Esq., at Sheppard,
Mullin, Richter & Hampton, LP.

                       *     *     *

L3 Technologies on Jan. 5, 2017, disclosed that it has completed
its acquisition of the explosives trace detection (ETD) business of
Implant Sciences.  L3 had entered into an asset purchase agreement
(APA) to acquire certain assets of Implant for $117.5 million in
cash, plus the assumption of specified liabilities.

The Debtors have changed their names following the sale: FIAC Corp.
from IMX Acquisition Corp.; Secure Point Technologies from Implant
Sciences; FCAC Corp. from C Acquisition Corp.; and FASIC Corp. from
Accurel Systems International Corporation.


FINJAN HOLDINGS: BCPI's Equity Stake Down to 18.8%
--------------------------------------------------
BCPI I, L.P., BCPI Partners I, L.P., BCPI Corporation, Michael
Eisenberg and Arad Naveh disclosed that as of June 19, 2017, they
beneficially own 4,345,371 shares of common stock of Finjan
Holdings, Inc. representing 18.8% of the shares outstanding.

BCPI I sold a total of 550,000 common sares from June 5 to
June 23, 2017.  A full-text copy of the regulatory filing is
available for free at https://is.gd/B7wddD

                          About Finjan

Established 20 years ago, Finjan -- http://www.finjan.com/-- is a
globally recognized leader in cybersecurity.  Finjan's inventions
are embedded within a strong portfolio of patents focusing on
software and hardware technologies capable of proactively detecting
previously unknown and emerging threats on a real-time,
behavior-based basis.

Finjan reported a net loss attributable to common stockholders of
$6.43 million for the year ended Dec. 31, 2016, compared to a net
loss attributable to common stockholders of $12.60 million for the
year ended Dec. 31, 2015.  As of March 31, 2017, Finjan had $29.85
million in total assets, $6.54 million in total liabilities, $6.26
million in series A preferred stock and $17.04 million in total
stockholders' equity.


FINJAN HOLDINGS: Prices Public Offering of Common Shares
--------------------------------------------------------
Finjan Holdings, Inc. has priced its underwritten registered public
offering of 3,600,000 shares of its common stock at $3.15 per share
for gross proceeds of $11.3 million.  All shares offered are to be
sold by the Company with B. Riley & Co., LLC acting as the sole
bookrunner in the offering.

The Company has also granted the underwriter a 30-day option to
purchase 540,000 additional shares of common stock.  The Company
expects to use the net proceeds of this offering for general
corporate purposes.

The offering is expected to close on June 30, 2017, subject to
customary closing conditions.
     
The shares of common stock are being offered by the Company
pursuant to a registration statement (File No. 333-197378) filed by
the Company with the Securities and Exchange Commission, which has
been declared effective.  A copy of the preliminary prospectus
supplement and accompanying base prospectus related to the offering
has been filed with the SEC and is available on the SEC's website
located at http://www.sec.gov. Copies of the preliminary
prospectus supplement and the final prospectus supplement, when
available, may be obtained from B. Riley & Co., LLC, 11100 Santa
Monica Blvd., Suite 800 Los Angeles California 90025, by telephone
at (888) 295-0155, or by email at capitalmarkets@brileyco.com.

                          About Finjan

Established 20 years ago, Finjan (formerly, Converted Organics
Inc.) -- http://www.finjan.com/-- is a
globally recognized leader in cybersecurity.  Finjan's inventions
are embedded within a strong portfolio of patents focusing on
software and hardware technologies capable of proactively detecting
previously unknown and emerging threats on a real-time,
behavior-based basis.

Finjan reported a net loss attributable to common stockholders of
$6.43 million for the year ended Dec. 31, 2016, compared to a net
loss attributable to common stockholders of $12.60 million for the
year ended Dec. 31, 2015.  As of March 31, 2017, Finjan had $29.85
million in total assets, $6.54 million in total liabilities, $6.26
million in series A preferred stock and $17.04 million in total
stockholders' equity.


GIGA-TRONICS INC: Obtains Extension to Comply with NASDAQ Rules
---------------------------------------------------------------
Giga-tronics Incorporated received on June 23, 2017, a decision
letter from The NASDAQ Stock Market following a hearing appeal on
June 15, 2017.  The Nasdaq Hearings Panel has determined to grant
the request of the Company for continued listing on NASDAQ, subject
to certain conditions.

The Company had previously reported on May 8, 2017, that NASDAQ had
initiated proceedings to delist the Company from NASDAQ for its
failure to comply with its bid price rule; and its failure to
comply with the required minimum of either $2,500,000 in
shareholders' equity, $35,000,000 market value of listed securities
or $500,000 net income from continuing operations.

The Company's continued listing is conditioned on its taking steps
to correct these deficiencies by certain deadlines and to provide
reports or disclosures of events that may favorably or unfavorably
affect the Company's ability to do so.  If the Company is unable to
demonstrate compliance with all requirements for continued listing,
its securities may be delisted from NASDAQ.

The Nasdaq Listing and Hearing Review Council may, on its own
motion, determine to review any Panel decision within 45 calendar
days after issuance of the written decision.  If the Listing
Council determines to review this decision, it may affirm, modify,
reverse, dismiss or remand the decision to the Panel.  The Company
will be immediately notified in the event the Listing Council
determines that this matter will be called for review.

According to the Company, there can be no assurance that its plans
to comply with the required bid price, minimum shareholders'
equity, market value of listed securities or net income from
continuing operations will be successful.  If the Company's Common
Stock ceases to be listed for trading on the Nasdaq Capital Market,
the Company expects that its Common Stock would be traded on the
Over-the-Counter Bulletin Board on or about the same day.

                      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.


GLOBAL SOLUTIONS: Administrator Proposes Committee Non-Appointment
------------------------------------------------------------------
Teresa Jacobs, the U. S. Bankruptcy Administrator for the Middle
District of Alabama, recommended that no unsecured creditors'
committee be appointed in the Chapter 11 case of Global Solutions &
Logistics, LLC.

The court official said only two unsecured creditors expressed a
willingness to serve on an unsecured creditors' committee.

                     About Global Solutions

Alexanders Industrial Services in Phenix City, AL --
http://www.alexandersservices.com/-- is a veteran owned business  
that provides a full line of industrial services and cleaning,
environmental services, and mechanical contracting to commercial
clients, industrial facilities, and municipalities throughout the
Southeast.

Global Solutions & Logistics, LLC, d/b/a Alexanders Industrial
Services, d/b/a A.I.S. filed a Chapter 11 petition (Bankr. M.D.
Ala. Case No. 17-80775) on June 10, 2017.  The petition was signed
by Keith Williams, chief financial officer.  The case is assigned
to Judge Dwight H. Williams Jr.  The Debtor is represented by
William Wesley Causby, Esq., at Memory & Day.  At the time of
filing, the Debtor estimated less than $50,000 in assets and $1
million to $10 million in liabilities.

No trustee or examiner has been appointed to date in the case.


GUIDED THERAPEUTICS: Amends Form S-1 Prospectus with SEC
--------------------------------------------------------
Guided Therapeutics, Inc. filed with the Securities and Exchange
Commission an amended Form S-1 registration statement in connection
with the proposed offering of up to 5,000 shares of its Series D
convertible preferred stock, together with warrants to purchase an
aggregate of up to 31,250,000 shares of common stock (and the
shares issuable from time to time upon conversion of the Series D
preferred stock, including any accrued but unpaid dividends, and
the exercise of the warrants), at a purchase price of $1,000 per
share of Series D preferred stock and warrant, pursuant to this
prospectus.  The shares of Series D preferred stock and warrants
are immediately separable and will be separately issued.

Subject to certain ownership limitations, each share of Series D
preferred stock will be convertible at any time (subject to certain
volume limitations) at the holder's option into shares of the
Company's common stock at an initial conversion price of $__ per
share of common stock.  Subject to similar ownership limitations,
each warrant will be immediately exercisable (subject to certain
limitations during the first 90 days after issuance) for up to
6,250 shares of the Company's common stock (based on warrant
coverage of 100% of the shares issued upon conversion of a share of
Series D preferred stock), have an exercise price of $__ per share,
and expire five years from the date of issuance.

The Company's common stock is quoted on the OTCQB marketplace under
the symbol "GTHP."  The last reported sale price of the Company's
common stock on the OTCQB on June 15, 2017, was $0.21 per share.

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

                     https://is.gd/iWRGN3

                   About Guided Therapeutics
   
Guided Therapeutics, Inc. (OTC BB and OTC QB: GTHP)
-- http://www.guidedinc.com/-- is developing a rapid and painless  

test for the early detection of disease that leads to cervical
cancer.  The technology is designed to provide an objective result
at the point of care, thereby improving the management of cervical
disease.  Unlike Pap and HPV tests, the device does not require a
painful tissue sample and results are known immediately.  GT has
also entered into a partnership with Konica Minolta Opto to
develop a non-invasive test for Barrett's Esophagus using the
LightTouch technology platform.

Guided Therapeutics incurred a net loss attributable to common
stockholders of $4.99 million for the year ended Dec. 31, 2016,
compared to a net loss attributable to common stockholders of $9.50
million for the year ended Dec. 31, 2015.  As of March 31, 2017,
Guided Therapeutics had $1.49 million in total assets, $10.54
million in total liabilities and a $9.05 million total
stockholders' deficit.

UHY LLP, in Sterling Heights, Michigan, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2016, citing that the Company's significant
operating losses raise substantial doubt about its ability to
continue as a going concern.


GULFMARK OFFSHORE: Files Amended Plan, Incorporates RSA
-------------------------------------------------------
BankruptcyData.com reported that Gulfmark Offshore filed with the
U.S. Bankruptcy Court an Amended Chapter 11 Plan of Reorganization
and related Disclosure Statement on June 26, 2017. According to the
Disclosure Statement, "The Debtor is commencing this solicitation
after extensive prepetition discussions with certain key creditor
constituencies. As a result of these negotiations, on May 15, 2017,
the Debtor entered into a restructuring support agreement (the
'Restructuring Support Agreement') with the Consenting Noteholders.
Under the terms of the Restructuring Support Agreement, the
Consenting Noteholders agree, subject to the terms and conditions
of the Restructuring Support Agreement, to support the Debtor's
financial restructuring (the 'Restructuring') to be effected
through the Plan. The Restructuring will leave the Debtor's, and
its indirect and direct subsidiaries', businesses intact and will
substantially deleverage the Debtor's capital structure….This
deleveraging will enhance the Debtor's long-term growth prospects
and competitive position and allow the Debtor to emerge from the
Chapter 11 Case as a stronger, reorganized entity better able to
withstand a challenging market environment facing providers of
offshore support vessels and marine support services to the
offshore energy industry. The Restructuring includes two financing
components: the Rights Offerings and the Exit Financing. The
Debtor, its advisors, and the advisors for the Consenting
Noteholders have been in negotiations with the Company's secured
lending groups regarding the terms under which the existing lenders
may be willing to provide exit financing to the Company. On June
21, 2017, DNB Markets, Inc., and DNB Capital LLC delivered a
commitment letter to provide exit financing. The Debtor is
evaluating the commitment letter which, if not accepted, expires on
June 28, 2017. The Debtor remains hopeful that it will reach a
resolution with its existing lenders in the near term. The Debtor
is also in negotiations with certain of the Consenting Noteholders
to provide exit financing. Exit financing in the principal amount
of at least $100 million, the terms and conditions of which shall
be acceptable to the Consenting Noteholders (the 'Exit Financing'),
is a condition to confirmation of the Plan. The Company will use
proceeds from the Exit Financing, the Rights Offerings and cash on
hand to: (i) provide additional liquidity for working capital and
for general corporate purposes; (ii) pay all Allowed Administrative
Expense Claims payable on or after the Effective Date; (iii) pay in
cash in full the Intercompany DIP Loan Claims; (iv) pay certain
existing indebtedness guaranteed by the Debtor; and (v) fund
distributions under the Plan. The Debtor may be required to become
an obligor under any facility for Exit Financing on or after the
Effective Date."

                  About Gulfmark Offshore

GulfMark Offshore, Inc., a Delaware corporation, was incorporated
in 1996.  The Company provides offshore marine support and
transportation services primarily to companies involved in the
offshore exploration and production of oil and natural gas.  The
Company's vessels transport materials, supplies and personnel to
offshore facilities, and also move and position drilling and
production facilities.  The majority of the Company's operations
are conducted in the North Sea, offshore Southeast Asia and
offshore the Americas.  The Company currently operates a fleet of
73 owned or managed offshore supply vessels, or OSVs, in the
following regions: 30 vessels in the North Sea, 13 vessels offshore
Southeast Asia, and 30 vessels offshore the Americas.

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

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

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


GULFMARK OFFSHORE: Units Ink Forbearance Agreement with RBS
-----------------------------------------------------------
GulfMark Americas, Inc. and GulfMark Management, Inc., each a
subsidiary of GulfMark Offshore, Inc., entered into a forbearance
agreement on June 26, 2017, with The Royal Bank of Scotland plc, as
agent for the lenders, relating to that certain Multicurrency
Facility Agreement dated as of Sept. 26, 2014.  Pursuant to the RBS
Forbearance Agreement, the Agent agreed to waive the defaults and
events of default specified in the RBS Forbearance Agreement and to
forbear from exercising any rights or remedies under the RBS
Facility Agreement as a result of any such defaults and events of
default specified in the RBS Forbearance Agreement until the
earlier of (x) the occurrence any of the early termination events
specified in the RBS Forbearance Agreement, (y) the effectiveness
of the Company's proposed plan of reorganization filed with the
U.S. Bankruptcy Court for the District of Delaware on June 26,
2017, and (z) Sept. 4, 2017.  In addition, the Agent agreed in the
RBS Forbearance Agreement that during such period the provision in
the RBS Facility Agreement that would result in an automatic
acceleration of the outstanding obligations, termination of the
lending commitments and a requirement to cash-collateralize letters
of credit as specified in the RBS Forbearance Agreement will not
apply.

A copy of the RBS Forbearance Agreement is available for free at:

                       https://is.gd/UjiWSH

                      About Gulfmark Offshore

GulfMark Offshore, Inc., a Delaware corporation, was incorporated
in 1996.  The Company provides offshore marine support and
transportation services primarily to companies involved in the
offshore exploration and production of oil and natural gas.  The
Company's vessels transport materials, supplies and personnel to
offshore facilities, and also move and position drilling and
production facilities.  The majority of the Company's operations
are conducted in the North Sea, offshore Southeast Asia and
offshore the Americas.  The Company currently operates a fleet of
73 owned or managed offshore supply vessels, or OSVs, in the
following regions: 30 vessels in the North Sea, 13 vessels offshore
Southeast Asia, and 30 vessels offshore the Americas.

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

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

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


HANISH LLC: Fairfield Inn Wants Cash Access Until Sept. 30
----------------------------------------------------------
Hanish, LLC, seeks permission from the U.S. Bankruptcy Court for
the District of New Hampshire to use cash collateral for the fifth
interim period, from July 1, 2017, through Sept. 30, 2017.

A hearing to consider the Debtor's use of cash collateral is set
for June 28, 2017, at 1:30 p.m.

The Debtor owns and operates a 59-unit Fairfield Inn and Suites by
Marriott Hotel, at 8 Bell Avenue, Hooksett, NH.  The only lien that
Debtor is aware of on the Hotel is the lien of Phoenix, which is a
blanket lien on real estate and personal property in the amount of
approximately $6.7 million.  The Hotel is secured by a Mortgage,
Assignment of Leases and Rents, Security Agreement and Fixture
Filing in favor of Phoenix's predecessor bank, which loans were
assigned to Phoenix.

The Debtor seeks an order allowing it to use cash collateral,
mostly in the form of hotel room rentals for the Fifth Interim
Period.  The business, a hotel, would be forced to shut down and
evict customers if the business was not permitted use of cash
during the Fifth Interim Period.  The business would also be
subject to significant franchise penalties if operations terminate.


There is also a small amount of inventory and other cash receipts
which constitute cash collateral that Debtor intends to use.  The
monthly room rentals are projected to remain stable during the
Fifth Interim Period, and with reserved cash there is enough cash
to pay all bills of the Debtor.  The Debtor uses a management
company called JHM, LLC, which a related entity, owned by Nayan
Patel, and run by Jiten Patel.  The Debtor pays JHM directly for
certain expenses, including employees, and then is allocated their
cost.  

The Debtor assures the Court that Phoenix is adequately protected
and there is no evidence the Hotel is declining in value; in fact,
the Hotel is increasing in value.
The Debtor provides multiple types of adequate protection to
Phoenix.  The Debtor provides a replacement lien on all assets
consistent with its pre-petition lien.  Phoenix will have to take
no action to perfect the lien.  Phoenix will continue to be secured
and perfected in the rents pursuant to Section 552(b) and will be
granted a replacement lien in the Hotel rents and other assets of
the Debtor consistent with its pre-petition lien.  The rents are
being used for expenses reasonably necessary to preserve the Hotel
which is consistent with Section 552(b) and Section 363's
requirement of adequate protection.  Further, Debtor will continue
to pay Lender $20,000 per month in adequate protection payments, to
be applied as provided in the attached order.  

The lender has the secured guaranty of Nayan Patel on the 2007 Note
as additional adequate protection, which additional security is
worth approximately $2 million.  Nayan Patel is also a solvent
guarantor with $30 million of net worth.  Nayan Patel provides a
third level of adequate protection.  Nayan Patel does dispute
liability on the guaranty and has counter-claimed against the
lender in the state court action between them.

With regard to the PIP and real estate taxes, there is no
diminution in value of Phoenix's collateral.  Both expenditures
directly benefit Phoenix in that they preserve and improve the
value of the Hotel and preserve the Marriott franchise.  The Debtor
had approximately $150,000 of cash on hand on the Petition Date.
Phoenix has been paid more than $240,000 in adequate protection
payments on its claim since the Petition Date, covering more than
Phoenix's pre-petition cash collateral position.  

A copy of the Debtor's request is available at:

          http://bankrupt.com/misc/nhb16-10602-270.pdf

                        About Hanish, LLC

Hanish, LLC, owns and operates a 59-unit Fairfield Inn & Suites by
Marriott in Hooksett, N.H.  The company sought Chapter 11
protection (Bankr. D. N.H. Case No. 16-10602) on April 26, 2016,
and is represented by Steven M. Notinger, Esq., at Notinger Law,
PLLC.  The petition was signed by Nayan Patel, managing member.
Judge Bruce A. Harwood presides over the case.

The Debtor estimated its assets and debts at $1 million to $10
million at the time of the filing.  A list of the Debtor's 20
largest unsecured creditors is available for free at
http://bankrupt.com/misc/nhb16-10602.pdf


HARBORSIDE ASSOCIATES: Case Summary & 5 Unsecured Creditors
-----------------------------------------------------------
Debtor: Harborside Associates, LLC
        946 Ferry Boulevard
        Stratford, CT 06615
      
Business Description: Harborside Associates listed its business
                      as a single asset real estate (as defined in
                      11 U.S.C. Section 101(51B)).  The Company
                      previously sought bankruptcy protection
                      on April 12, 2017 (Bankr. D. Conn. Case No.
                      11-50738.

Chapter 11 Petition Date: June 28, 2017

Case No.: 17-50749

Court: United States Bankruptcy Court
       District of Connecticut (Bridgeport)

Judge: Hon. Julie A. Manning

Debtor's Counsel: Douglas S. Skalka, Esq.
                  NEUBERT, PEPE & MONTEITH, P.C.
                  195 Church Street, 13th Floor
                  New Haven, CT 06510
                  Tel: (203) 821-2000
                  Fax: 203-821-2009
                  E-mail: dskalka@npmlaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Luciano Coletta, duly authorized member
of Hermanos, LLC.

The Debtor's list of five unsecured creditors is available for free
at http://bankrupt.com/misc/ctb17-50749.pdf


HARRINGTON & KING: Has Interim Access to Cash Until June 30
-----------------------------------------------------------
The Hon. Deborah L. Thorne of the U.S. Bankruptcy Court for the
Northern District of Illinois has entered an agreed order extending
through June 30, 2017, Harrington & King Perforating Co. and
Harrington & King South Inc.'s use of Inland Bank & Trust's cash
collateral.  

The Motion is continued to June 29, 2017, at 10:00 a.m.

As reported by the Troubled Company Reporter on June 7, 2017, the
Court previously granted the Debtors permission to use Inland
Bank's cash collateral until June 16, 2017.  If and to the extent
the adequate protection of the interests of lender in the
prepetition collateral proves insufficient, the lender will have an
allowed claim under Code Section 507(b), subject to the carveout,
in the amount of any insufficiency, with priority over: (i) all
other claims allowable under Code Section 507(a)(2); and (ii) the
claims of any other party in interest under Code Section 507(b).

              About The Harrington & King Perforating

The Harrington & King Perforating Co., Inc., and Harrington & King
South Inc. are in the business of manufacturing perforating metal
sheets and rolled coils of varying gauges and types to produce hole
patterns of various sizes, shapes, and spacing. Most of the work is
done to customer specifications and consists of high value-added
jobs, not typical of most metal punching. The products are used in
automotive, acoustics, architecture, food and pharmaceutical
straining and filtering, interior design, manufacturing, safety
flooring, pollution control, transportation and mining cleaning and
grading, electronics and other fields.

The Harrington & King Perforating Co., Inc., and Harrington & King
South Inc. sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. N.D. Ill. Case Nos. 16-15650 and 16-15651) on May 7,
2016.  The petitions were signed by Greg McCallister, chief
restructuring officer and chief operating officer.  The cases are
jointly administered under Case No. 16-15650.  

The Debtors each estimated assets and liabilities in the range of
$1 million to $10 million.

The cases are assigned to Judge Deborah L. Thorne.

The Debtors engaged William J. Factor, Esq., at The Law Office of
William J. Factor, Ltd., as bankruptcy counsel.  The Debtors tapped
Patricia A. Shlonsky, Esq., and Ulmer & Berne LLP as Special
Counsel; Miles P. Cahill, Esq. at Spiegel & Cahill, P.C. as Special
Workers' Compensation Counsel; Vito Mitria and the Beacon
Management Advisors LLC as Financial Advisor; Larry Goldwasser and
Cushman & Wakefield of Illinois, Inc. as real estate broker.

The Official Committee of Unsecured Creditors of The Harrington &
King Perforating Co., Inc. and Harrington & King South Inc. retain
Thomas R. Fawkes, Esq., and Brian J. Jackiw, Esq., of Goldstein &
McClintock LLLP as its legal counsel.  The Committee tapped John B.
Pidcock and Conway MacKenzie, Inc., as its financial advisor.


HECLA MINING: Moody's Rates Proposed $500MM Senior Unsec. Notes B3
------------------------------------------------------------------
Moody's Investors Service assigned a B3 rating to Hecla Mining
Company's (Hecla) proposed $500 million senior unsecured notes due
2025. Hecla's B2 Corporate Family Rating (CFR), B2-PD Probability
of default rating and SGL-2 Speculative Grade Liquidity Rating
remain unchanged. The outlook is stable.

Proceeds will be used to tender for the 6.875% notes due 2021. The
B3 rating on these notes will be withdrawn upon repayment.

Assignments:

Issuer: Hecla Mining Company

-- Senior Unsecured Regular Bond/Debenture, Assigned B3 (LGD4)

RATINGS RATIONALE

Hecla's B2 Corporate Family Rating (CFR) reflects the company's
portfolio of high quality and low cost assets (particularly its
silver assets) that are located in politically stable regions, the
company's growing production profile, and diversification of sales
between silver and gold. Hecla's silver production increased by
approximately 48% in 2016 to over 17.2 million ounces while gold
production increased almost 24% to 234,000 ounces. The increased
production profile together with higher realized prices for silver
and gold, the fundamental earnings drivers, although the company
has zinc and lead by-products, contributed to a significant
turnaround in earnings, cash flow generation and improved debt
protection metrics. EBIT/interest in 2016 strengthened to 2.9x from
-0.1x in 2015 while leverage, as measured by the debt/EBITDA ratio,
improved to 2.2x from 5.2x in 2015.

Silver equivalent production is expected to increase modestly in
2017 and together with higher grades accessible at Lucky Friday
following substantial completion of the #4 shaft, performance is
expected to remain stronger than seen in the years prior to 2016
despite Moody's expectations for a moderation in silver and gold
prices. However, the degree of improvement will be lessened by the
current strike at the Lucky Friday mine, which commenced March 13,
2017. In 2016, silver production at Lucky Friday (3.6 million/ozs)
was 21% of silver produced and Lucky Friday accounted for $18.1
million or 15.5% of segment operating income. The Greens Creek and
Casa Berardi mines remain substantive contributors to the
production and earnings profile. The company also benefits from
by-product credits (which reduce mine cash costs) derived from lead
and zinc production, but silver and gold will continue to be the
dominant performance drivers.

While Moody's expects somewhat lower realized prices in 2017 versus
2016, metrics are still expected to remain acceptable and leverage
is not expected to exceed 3x -- 3.5x should Lucky Friday be out of
production for the balance of the year.

The rating also incorporates the company's modest size, with
revenues of $657 million for the twelve months through March 31,
2017, exposure to volatile silver and gold prices, changing grade
profiles in the normal course of mine sequencing, and the need for
ongoing reinvestment to maintain production level

The stable outlook reflects the expectation that production levels
will remain strong, that Hecla will continue to maintain a
competitive cost position, and that the company's credit metrics
will continue to be appropriate for the B2 CFR, notwithstanding the
uncertainty surrounding the duration of the strike at Lucky Friday
and Moody's expectations for lower price realizations. The outlook
also anticipates that the company will maintain a good liquidity
position while continuing its investments in sustaining capital and
completing current capital projects. The company has materially
improved its position in its rating category.

The ratings could be downgraded if debt/EBITDA is sustained above
5x or if there is a significant contraction in liquidity. Hecla's
ratings could be upgraded should the company sustain leverage, as
measured by debt/EBITDA, at no more than 4x, and
(CFO-dividends)/debt of greater than 15%.

The SGL-2 speculative grade liquidity rating reflects Hecla's good
liquidity position, which includes a cash position of $177 million
as of March 31, 2017, and an unused $100 million senior secured
revolving credit facility expiring November 18, 2018 (the company
has announced it expects to extend the maturity date to July 2020).
Moody's does not expects a need to borrow under this facility in
2017. Financial covenants include a senior leverage ratio (debt
secured by liens/EBITDA) of no more than 2.5x, a minimum interest
coverage ratio of 3x and a leverage ratio (total debt minus
unencumbered cash/EBITDA) of no more than 4x. Based upon an
improving profile, Moody's expects the company to remain in
compliance with these covenants. Operating cash flow and the
company's liquidity position are anticipated to cover approximately
$125 million in sustaining, exploration and development and
pre-development expenditures, excluding Lucky Friday. Capital
expenditure levels will depend upon the duration of the strike at
Lucky Friday and Moody's expects the company to manage such
expenditures in conjunction with anticipated cash flow generation.

Under Moody's Loss Given Default Methodology, the B3 rating on the
unsecured notes reflects their lower priority position in the
capital structure to the secured revolving credit facility and
priority accounts payable. Both the secured revolver and unsecured
notes are guaranteed by certain of the company's US subsidiaries.

The principal methodology used in this rating was Global Mining
Industry published in August 2014.

Headquartered in Coeur d'Alene, Idaho, Hecla Mining Company
("Hecla") is primarily a silver and gold producer. The company
operates three silver mines - Greens Creek in Alaska, Lucky Friday
in Idaho, and San Sebastian in Durango, Mexico - which also produce
lead, zinc, and gold as by-products, and one gold mine- Casa
Berardi, in Quebec, Canada. For the twelve months ending March 31,
2017, Hecla generated revenues of $657 million.


HORIZON COMMUNITY: S&P Lowers Rating on 2016 Revenue Bonds to BB+
-----------------------------------------------------------------
S&P Global Ratings lowered its rating to 'BB+' from 'BBB-'on the
Phoenix Industrial Development Authority, Ariz.'s series 2016
education revenue bonds, issued for Horizon Community Learning
Center Inc.  The outlook is stable.

"We lowered the rating based on our U.S. Not-For-Profit Charter
Schools methodology (published on Jan. 3, 2017, on RatingsDirect),"
said S&P Global Ratings credit analyst Brian Marshall.

S&P assessed Horizon's enterprise profile as strong, characterized
by sufficient demand, excellent retention, robust academics, and a
stable management team.  S&P assessed Horizon's financial profile
as vulnerable, with a high debt burden, restricted maximum annual
debt service (MADS) coverage, and a moderate decline in cash
levels.  S&P believes that, combined, these credit factors lead to
an indicative stand-alone credit profile of 'bb+' and a final
rating of 'BB+'.

In S&P's opinion, the 'BB+' rating on the charter school's bonds
better reflects the risks associated with Horizon's highly
leveraged balance sheet and negative unrestricted net asset
position.

The bonds are secured by revenue of Horizon as defined in the
governing bond documents consisting primarily of per-pupil funding
from the state.

Horizon, in Phoenix, serves students in grades pre-K-12.

"The stable outlook reflects our expectation that, during the next
year, Horizon will maintain a steady financial profile by
continuing to generate positive revenue over expenses, improve its
MADS, and maintain its stable cash position," added Mr. Marshall.
S&P anticipates that the school's demand profile will continue to
reflect excellent retention, robust academics, and current
enrollment levels.


HOUSTON BLUEBONNET: Unsecureds to Recoup 100% Under Plan
--------------------------------------------------------
Houston Bluebonnet, L.L.C., filed with the U.S. Bankruptcy Court
for the Southern District of Texas a disclosure statement dated
June 14, 2017, referring to the Debtor's plan of reorganization.

Class 1 General Non-Insider Unsecured Claims are unimpaired by the
Plan.  General non-insider unsecured creditors will be paid their
allowed claims in full, without interest, within 45 days of the
Effective Date of the Plan.  Single Payment will be made within 45
days after the Effective Date of the Plan.  The holders are
expected to recover 100%.

Class 2 General Insider Unsecured Claims are unimpaired by the
Plan.  General insider unsecured creditors will be paid their
allowed claims in full, without interest, within 45 days of the
Effective Date of the Plan, or as otherwise agreed with the
creditor.  Single Payment will be made within 45 days after the
Effective Date of the Plan, or as otherwise agreed with the
creditor.  Estimated recovery for the holders under this class is
100%.

There are no impaired classes under this Plan.

Payments and distributions under the Plan will be funded by either
a capital contribution or loan to be made by Leslie Brinkoeter, the
managing member and owner of the Debtor, or through a sale or
assignment of the Debtor's assets.  In addition, the cash flow of
the Debtor through its working interest in the oil & gas wells may
also fund the payments and distributions under the Plan.

A copy of the Debtor's |Disclosure Statement is available at:

        http://bankrupt.com/misc/txsb16-34850-40.pdf

                About Houston Bluebonnet LLC

Houston Bluebonnet, LLC, is a Texas limited liability company
formed Dec. 5, 2007.  The Debtor owns and manages a working
interest in two producing oil and gas wells under an operating
agreement for an oil, gas and mineral lease covering 20 acres in
Brazoria County, Texas.  The value of the Debtor's working interest
fluctuates with the price of oil.  As of the filing of this
bankruptcy case, the Debtor valued its working interest at $90,000,
based on the tax-assessed value calculated from the sales in 2015.

The Debtor filed for Chapter 11 bankruptcy protection (Bankr. S.D.
Tex. Case No. 16-34850) on Sept. 30, 2016.  The Debtor estimated
assets and liabilities of less than $500,000.  The petition was
signed by Allyson Davis, authorized representative.

H. Miles Cohn, Esq., at Crain, Caton & James, P.C., serves as the
Debtor's bankruptcy counsel.  The Debtor hired Gary E. Ellison, PC,
and Snelling Law Firm as special counsel.


IGNITE RESTAURANT: Snubs Landry's Offer in Favor of Stalking Horse
------------------------------------------------------------------
Alex Wolf, writing for Bankruptcy Law360, reports that Ignite
Restaurant Group, Inc., has declined Landry's Inc.'s $55 million
offer and instead chose to stick with the $50 million stalking
horse bid from another competitor ahead of a proposed Chapter 11
auction.  According to Law360, Landry's traded barbs with the
Debtor on that decision.

                     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.


IMPLANT SCIENCES: Court Says No to Hiring of Solicitation Agent
---------------------------------------------------------------
Vince Sullivan, writing for Bankruptcy Law360, the U.S. Bankruptcy
Court for the District of Delaware has declined the request of the
official committee of equity security holders of Implant Sciences
to retain D.F. King & Co. as solicitation agent for the Debtor's
proposed Chapter 11 plan.  According to the report, the Court found
that the services of a solicitation agent were unnecessary.  The
report states that the Equity Committee wanted D.F. King to operate
a phone and mail solicitation campaign designed to reached company
shareholders and urge them to vote in favor of a distribution.

                         About FIAC Corp.
                       fka IMX Acquisition

IMX Acquisition Corp., also known as Ion Metrics Inc., and its
affiliates, comprise a leading designer and manufacturer of
systems and sensors that detect trace amounts of explosives and
drugs.  Their products, which include handheld and desktop
detection devices, are used in a variety of security, safety, and
defense industries, including aviation, transportation, and customs
and border protection.  The Debtors have sold more than 5,000 of
their detection products to customers such as the United States
Transportation Security Administration, the Canadian Air
Transportation Security Authority, and major airports in the
European Union.

IMX Acquisition Corp. sought Chapter 11 protection (Bankr. D. Del.
Case No. 16-12238) on Oct. 10, 2016.  Its affiliates, Implant
Sciences, C Acquisition Corp. and Accurel Systems International
Corp. also sought Chapter 11 protection.  The cases are assigned
to Judge Brendan Linehan Shannon.

IMX estimated assets and liabilities in the range of $100 million
to $500 million.  The Debtors tapped Paul V. Shalhoub, Esq. and
Debra C. McElligott, Esq., and Jennifer J. Hardy, Esq., at Willkie
Farr & Gallagher, LLP, as counsel.

The petitions were signed by William J. McGann, president.

Andrew Vara, acting U.S. trustee for Region 3, on Oct. 24, 2016,
appointed Harold Coe and four others to serve on the official
committee of equity security holders.  Co-counsel to the Official
Committee of Equity Security Holders are William R. Baldiga, Esq.,
and Gerard T. Cicero, Esq., at Brown Rudnick LLP, in New York, and
Sunni P. Beville, Esq., at Brown Rudnick in Boston; and Mark
Minuti, Esq., at Saul Ewing LLP, in Wilmington, Delaware.  The
Equity Committee tapped FTI Consulting, Inc., as financial advisor.
The Committee also hired Higgs & Johnson to serve as its special
counsel.

Tannor Partners Credit Fund, LP., the New DIP Lender, is
represented in the case by Andrew M. Felner, Esq., at Sheppard,
Mullin, Richter & Hampton, LP.

                       *     *     *

L3 Technologies on Jan. 5, 2017, disclosed that it has completed
its acquisition of the explosives trace detection (ETD) business
of Implant Sciences.  L3 had entered into an asset purchase
agreement (APA) to acquire certain assets of Implant for $117.5
million in cash, plus the assumption of specified liabilities.

The Debtors have changed their names following the sale: FIAC
Corp. from IMX Acquisition Corp.; Secure Point Technologies from
Implant Sciences; FCAC Corp. from C Acquisition Corp.; and FASIC
Corp. from Accurel Systems International Corporation.


IMPLANT SCIENCES: July 27 Plan Voting Deadline Set
--------------------------------------------------
BankruptcyData.com reported that the U.S. Bankruptcy Court issued
an order (i) approving Implant Sciences Disclosure Statement; (ii)
approving solicitation and voting procedures, including fixing the
record date, approving the solicitation packages and procedures for
distribution, approving the form of ballots and establishing
procedures for voting, and approving procedures for vote
tabulation; and (iii) scheduling a confirmation hearing and
establishing notice and objection procedures. The motion explains,
"Pursuant to the Disclosure Statement Order, the Court approved
certain procedures for tabulation of votes to accept or reject the
Plan. If you are the holder of Class 6 Interests in the Debtors as
of June 14, 2017 which is the only Class entitled to vote on the
Plan or in a class that the Debtors have elected to provide
provisional Ballots out of an abundance of caution, you have
received with this Notice a ballot form and voting instructions
appropriate for your Interests. For your vote to accept or reject
the Plan and to choose either the Plan Reinvestment Option or the
Plan Distribution Option to be counted, you must complete all
required information on the Ballot, execute the Ballot, and either
return the completed Ballot to the address indicated on the Ballot
so that it is received on July 27, 2017. If you wish to challenge
the allowance of your Class 6 Interest for voting purposes in
accordance with the above procedures, you must file with the
Bankruptcy Court and serve upon counsel for the Debtors and Equity
Security Holders' Committee a motion (a 'Determination Motion') for
an order pursuant to Bankruptcy Rule 3018(a) temporarily allowing
such Class 6 Interests in a different amount for and retain their
shares for the purpose of, among other things, pursuing a Potential
Business Venture that will be subject to shareholder approval in
accordance with the applicable corporate purposes of voting to
accept or reject the Plan on or before July 5, 2017." As previously
reported, "Specifically, the Plan provides the option to Holders of
Allowed Class 6 Interests that timely submit properly completed
Ballots and that vote on the Plan through their Ballot to either
vote to (i) reinvest in Reorganized Secure Point Technologies
governance documents and law after the Effective Date of the Plan;
or (ii) receive, through a Liquidating Trust vehicle, Cash equal to
their Pro Rata Share of the Class 6 Distribution in exchange for
their Class 6 Interests resulting in the permanent retirement of
such Interests and dissolution of the Debtors' business entities
after the Effective Date of the Plan and the formation of the
Liquidating Trust (this is the option for which the Equity
Committee encourages shareholders to vote)." A hearing to consider
the confirmation of the Plan on August 3, 2017, with objections due
by July 21, 2017.

                      About FIAC Corp.
                       fka IMX Acquisition

IMX Acquisition Corp., also known as Ion Metrics Inc., and its
affiliates, comprise a leading designer and manufacturer of systems
and sensors that detect trace amounts of explosives and drugs.
Their products, which include handheld and desktop detection
devices, are used in a variety of security, safety, and
defense industries, including aviation, transportation, and customs
and border protection.  The Debtors have sold more than 5,000 of
their detection products to customers such as the United States
Transportation Security Administration, the Canadian Air
Transportation Security Authority, and major airports in the
European Union.

IMX Acquisition Corp. sought Chapter 11 protection (Bankr. D. Del.
Case No. 16-12238) on Oct. 10, 2016.  Its affiliates, Implant
Sciences, C Acquisition Corp. and Accurel Systems International
Corp. also sought Chapter 11 protection.  The cases are assigned to
Judge Brendan Linehan Shannon.

IMX estimated assets and liabilities in the range of $100 million
to $500 million.  The Debtors tapped Paul V. Shalhoub, Esq. and
Debra C. McElligott, Esq., and Jennifer J. Hardy, Esq., at Willkie
Farr & Gallagher, LLP, as counsel.

The petitions were signed by William J. McGann, president.

Andrew Vara, acting U.S. trustee for Region 3, on Oct. 24, 2016,
appointed Harold Coe and four others to serve on the official
committee of equity security holders.  Co-counsel to the Official
Committee of Equity Security Holders are William R. Baldiga, Esq.,
and Gerard T. Cicero, Esq., at Brown Rudnick LLP, in New York, and
Sunni P. Beville, Esq., at Brown Rudnick in Boston; and Mark
Minuti, Esq., at Saul Ewing LLP, in Wilmington, Delaware.  The
Equity Committee tapped FTI Consulting, Inc., as financial advisor.
The Committee also hired Higgs & Johnson to serve as its special
counsel.

Tannor Partners Credit Fund, LP., the New DIP Lender, is
represented in the case by Andrew M. Felner, Esq., at Sheppard,
Mullin, Richter & Hampton, LP.

                          *     *     *

L3 Technologies on Jan. 5, 2017, disclosed that it has completed
its acquisition of the explosives trace detection (ETD) business
of Implant Sciences.  L3 had entered into an asset purchase
agreement (APA) to acquire certain assets of Implant for $117.5
million in cash, plus the assumption of specified liabilities.

The Debtors have changed their names following the sale: FIAC
Corp. from IMX Acquisition Corp.; Secure Point Technologies from
Implant Sciences; FCAC Corp. from C Acquisition Corp.; and FASIC
Corp. from Accurel Systems International Corporation.


INTERPACE DIAGNOSTICS: Amends 7.4M Shares Prospectus with SEC
-------------------------------------------------------------
Interpace Diagnostics Group, Inc. filed with the Securities and
Exchange Commission a pre-effective amendment No. 2 to Form S-1
registration statement relating to the offering of 7,428,571 shares
of its common stock together with an equal number of common
warrants to purchase shares of its common stock (and the shares of
common stock that are issuable from time to time upon exercise of
the common warrants).  The Company amended the Registration
Statement to delay its effective date.

Each common warrant upon exercise at a price of 7,428,571 will
result in the issuance of one share of common stock to the holder
of such common warrant.  The Company is also offering to each
purchaser whose purchase of shares of common stock in this offering
would otherwise result in the purchaser, together with its
affiliates and certain related parties, beneficially owning more
than 4.99% of its outstanding common stock immediately following
the consummation of this offering, the opportunity to purchase, if
the purchaser so chooses, pre-funded warrants, in lieu of shares of
common stock that would otherwise result in the purchaser's
beneficial ownership exceeding 4.99% of the Company's outstanding
common stock.  Subject to limited exceptions, a holder of
pre-funded warrants will not have the right to exercise any portion
of its pre-funded warrants if the holder, together with its
affiliates, would beneficially own in excess of 4.99% (or, at the
election of the holder, 9.99%) of the number of shares of common
stock outstanding immediately after giving effect to such exercise.
Each pre-funded warrant will be exercisable for one share of the
Company's common stock.  The purchase price of each pre-funded
warrant will equal the price per share at which the shares of
common stock are being sold to the public in this offering, minus
$0.01, and the exercise price of each pre-funded warrant will be
$0.01 per share.  This offering also relates to the shares of
common stock issuable upon exercise of any pre-funded warrants sold
in this offering.  Each pre-funded warrant is being sold together
with a common warrant with the same terms as the common warrant.
For each pre-funded warrant we sell, the number of shares of common
stock the Company is offering will be decreased on a one-for-one
basis.  Because a common warrant is being sold together in this
offering with each share of common stock and, in the alternative,
each pre-funded warrant to purchase one share of common stock, the
number of common warrants sold in this offering will not change as
a result of a change in the mix of the shares of the Company's
common stock and pre-funded warrants sold.  The common warrants
will be exercisable immediately and will expire five years from the
date of issuance.  The shares of common stock and pre-funded
warrants, if any, can each be purchased only with the accompanying
common warrants, but will be issued separately, and will be
immediately separable upon issuance.

The Company's common stock is listed on The Nasdaq Capital Market
under the symbol "IDXG".  The closing price of the Company's common
stock on June 12, 2017, as reported by The Nasdaq Capital Market,
was $1.75 per share.  The public offering price per share of common
stock and any pre-funded warrant together with the common warrant
that accompanies common stock or a pre-funded warrant will be
determined between the Company and the underwriter at the time of
pricing, and may be at a discount to the current market price.
There is no established public trading market for the pre-funded
warrants or common warrants, and the Company does not expect a
market to develop.  In addition, the Company does not intend to
apply for a listing of the pre-funded warrants or common warrants
on any national securities exchange.  Without an active trading
market, the liquidity of the common warrants and the pre-funded
warrants will be limited.

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

                   https://is.gd/gwipgK

                About Interpace Diagnostics

Headquartered in Parsippany, New Jersey, Interpace Diagnostics
Group, Inc. -- website at www.interpacediagnostics.com -- 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.


INTREPID POTASH: Has Cash Balance of $20.8 Million as of March 31
-----------------------------------------------------------------
On June 13, 2017, Intrepid Potash, Inc. updated its investor
presentation materials,  copy of these materials is furnished to
the Securities and Exchange Commission at https://is.gd/teygLY  
The Company uses these materials from time to time in its
conversations with investors, analysts, and other interested
parties.

Intrepid disclosed the following financial updates:

   * $61 million reduction in debt, from $150 million at
     Sept. 30, 2016, to $89 million at March 31, 2017

   * $57.5 million raised in secondary public offering in
     March 2017

   * Opportunity to reduce interest rates with improved
     performance

   * Cash balance of $20.8 million as of March 31, 2017

   * $25.5 million available under ABL credit facility as of
     March 31, 2017

   * Sufficient liquidity to fund operations in 2017

"We routinely post important information about our business,
including information about upcoming investor presentations, on our
website under the Investor Relations tab.  We encourage investors,
analysts, and other interested parties to enroll on our website to
receive automatic email alerts or Really Simple Syndication (RSS)
feeds regarding new postings.  Our website address is
www.intrepidpotash.com."

                    About Intrepid Potash

Intrepid Potash -- http://www.intrepidpotash.com/-- is the only
U.S. producer of muriate of potash and supplied approximately 9% of
the country's annual consumption in 2015.  Potash is applied as an
essential nutrient for healthy crop development, utilized in
several industrial applications and used as an ingredient in animal
feed.  Intrepid also produces a specialty fertilizer, Trio(R),
which delivers three key nutrients, potassium, magnesium, and
sulfate, in a single particle.

Intrepid serves diverse customers in markets where a logistical
advantage exists; and is a leader in the utilization of solar
evaporation production, one of the lowest cost, environmentally
friendly production methods for potash.  After the idling of its
West mine in July 2016, Intrepid's production will come from three
solar solution potash facilities and one conventional underground
Trio(R) mine.

Intrepid reported a net loss of $66.63 million on $210.9 million of
sales for the year ended Dec. 31, 2016, compared to a net loss of
$524.8 million on $287.2 million of sales for the year ended Dec.
31, 2015.  As of March 31, 2017, Intrepid had $539.1 million in
total assets, $131.0 million in total liabilities and $408.0
million in total stockholders' equity.

"Our operations have primarily been funded from cash on hand and
cash generated by operations.  We will continue to monitor our
future sources and uses of cash, and anticipate that we will make
adjustments to our capital allocation strategies when, and if,
determined by our Board of Directors.  We expect to continue to
look for opportunities to improve our capital structure by reducing
debt and its related interest expense.  We may, at any time we deem
conditions favorable, also attempt to improve our liquidity
position by accessing debt or equity markets in accordance with our
existing debt agreements.  We cannot provide any assurance that we
will pursue any of these transactions or that we will be successful
in completing them on acceptable terms or at all.  We believe that
we have sufficient liquidity for the next twelve months," the
Company stated in its quarterly report for the period ended March
31, 2017.


ION MEDIA: Purchase of 3 Stations No Impact on Moody's B1 CFR
-------------------------------------------------------------
Moody's Investors Service said that ION Media Networks, Inc.'s
purchase of three additional stations does not impact its current
ratings including its B1 corporate family rating (CFR). On June 20,
2017, ION Media announced the completed purchase of three TV
stations: WRBU St. Louis, Missouri; WZRB Columbia, S.C.; and KTRV
Boise, Idaho. The Boise station, an affiliate of ION's network
since 2016, was purchased from Block Communications to increase
their cable distribution in that market. The St. Louis and Columbia
stations, also affiliates, were purchased through a trust set up in
2013. The deal, still subject to FCC approval, expands ION Media's
portfolio of stations to 63 in 58 of the largest markets in the
United States, and according to the company's press release, makes
them the only network to operate in 24 of the top 25 largest. The
company's management stated that these three station acquisitions
added five million viewers to their networks' audience reach.

ION Media had previously funded these transactions years ago but
because the FCC discontinued the UHF discount for measuring station
coverage and maximum coverage limits, the company was not able to
officially acquire the stations FCC licenses. Moody's views these
purchases as a slight positive due to the reinstatement of the
discount giving ION Media control of these assets and more
flexibility to grow. As these transactions were already funded, and
ION Media has been generating revenue from these affiliate
stations, there will be no impact on its balance sheet or P&L, and
therefore no impact on the company's B1 CFR.

ION Media, formed in 1993, owns the ION Television network through
a geographically diversified group of 63 owned & operated broadcast
stations (including the three newly acquired stations) in the U.S.
as well as through carriage agreements with pay television
providers covering roughly 100 million TV households. ION Media
also owns and operates the Qubo and ION Life television networks.
The company maintains headquarters in West Palm Beach, FL, and
generated revenues of approximately $526 million for the 12 months
ended March 31, 2017. Black Diamond Capital Management's affiliates
are the primary indirect owners of ION Media through their
ownership of Media Holdco, whose primary asset is an 85% equity
interest in ION Media.


JOHN Q. HAMMONS: Sale of Lindon Property to WICP for $10M Approved
------------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Kansas authorized the
sale by John Q. Hammons Fall 2006, LLC, and its affiliates of 40.32
acres of undeveloped land located in Lindon, Utah, to WICP West
Orem, LLC and/or its assigns, for $9,850,000.

The sale is free and clear of all liens, claims, encumbrances, and
other interests.

At the time of closing, and from the proceeds of the sale, the
Revocable Trust of John Q. Hammons, Dated December 28, 1989 as
Amended and Restated is authorized and directed to pay its share of
the closing costs and all past due and outstanding taxes with
respect to the Real Estate, including but not limited to the
Rollback Tax.  The Trust is further directed to place the Sale
Proceeds into a segregated bank account and the Sale Proceeds will
be held in such account pending further order of the Court.

                 About John Q. Hammons Fall 2006

Springfield, Mo.-based John Q. Hammons Hotels & Resorts (JQH) --
http://www.jqhhotels.com/-- is a private, independent owner and   

manager of hotels in the United States, representing brands such
as: Marriott, Hilton, Embassy Suites by Hilton, Sheraton, IHG,
Chateau on the Lake Resort / Spa & Convention Center, and Plaza
Hotels Collection.  It has portfolio of 35 hotels representing
approximately 8,500 guest rooms/suites in 16 states.

John Q. Hammons Fall 2006, LLC, and its affiliated debtors filed
chapter 11 petitions (Bankr. D. Kan. Case Nos. 16-21139 to
16-21208) on June 26, 2016.  The petitions were signed by Greggory
D. Groves, vice president.

At the time of filing, the Debtors estimated assets at $100
million to $500 million and liabilities at $100 million to $500
million.

The Debtors' bankruptcy counsel are Mark A. Shaiken, Esq., Mark S.
Carder, Esq., and Nicholas Zluticky, Esq., at Stinson Leonard
Street LLP.  

The Debtors' conflicts counsel is Victor F. Weber, Esq., at Merrick
Baker and Strauss PC.

The Debtors engaged Alvarez & Marsal Valuation Services, LLC, as
appraiser.

BMC Group, Inc., is the notice, claims, and balloting agent.


KAPPA DEVELOPMENT: Taps Russell Gill as Special Counsel
-------------------------------------------------------
Kappa Development & General Contracting, Inc. seeks approval from
the U.S. Bankruptcy Court for the Southern District of Mississipi
to hire Russell Gill, Esq., as special counsel.

Mr. Gill will assist the Debtor in special litigation with respect
to bonding in Chapter 11 proceeding.

Mr. Gill will be paid $100 per hour and a contingency fee of 30%,
with the percentage to be offset by the hourly rate to the extent
that the contingency fee exceeds the total hourly fees billed.

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

Mr. Gill maintains an office at:

     Russell S. Gill, Esq.
     638 Howard Avenue
     Biloxi, MS 39530-4310
     Phon: (228) 447-4105

                About Kappa Development & General
                        Contracting, Inc.

Kappa Development & General Contracting, Inc., based in Gulfport,
Miss., filed a Chapter 11 petition (Bankr. S.D. Miss. Case No.
17-51155) on June 12, 2017. The Hon. Katharine M. Samson presides
over the case. Nicholas Van Wiser, Esq. at Byrd & Wiser, 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 Randy
Blacklidge, president.


KINROSS GOLD: Moody's Rates New $400MM Senior Unsecured Notes Ba1
-----------------------------------------------------------------
Moody's Investors Service assigned a Ba1 rating to Kinross Gold
Corporation's new $400 million senior unsecured notes due 2027.
Proceeds will be used to repay borrowings under its $500 million
term loan facility. The company's Ba1 Corporate Family Rating
(CFR), Ba1-PD Probability of Default Rating and SGL-1 Speculative
Grade Liquidity Rating remain unchanged. The ratings outlook
remains stable.

Assignments:

Issuer: Kinross Gold Corporation

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

RATINGS RATIONALE

Kinross' Ba1 corporate family rating is primarily driven by the
company's good scale (2.78 million gold-equivalent ounces (GEO) as
of March 2017 LTM), low leverage (1.7x LTM adjusted Debt/EBITDA),
and very good liquidity (SGL-1). These factors are somewhat offset
by declining production, short mine lives at some of its sites,
coverage and profitability metrics which are weaker (adjusted EBIT
margin of 4.9% and EBIT/interest expense of 1.5x at March 2017
LTM), a concentration of cash flow from one mine complex (about 35%
of EBITDA minus sustaining capital expenditures is from their
Russian mines), and the execution and geopolitical risks of
expanding its Tasiast mine in Mauritania (unrated). Kinross is in
process of expanding its Tasiast mine which is expected to double
production at the mine to 400,000 oz/year by mid-2018, with further
expansion possible, but execution risk exists as is the case with
large mine development. Kinross' Russian mine is low cost and a
large contributor to cash flow, but it's current mine life is
short, with production declining, as is the case at some of
Kinross' other mines.

Kinross has very good liquidity (SGL-1), with $827 million of cash
(about $1 billion proforma recent asset sales) and $1.40 billion of
availability on its $1.5 billion revolving credit facility (matures
Aug 2021) as of March 2017. Kinross has no scheduled debt maturity
before 2020. Moody's expects Kinross will remain comfortably in
compliance with its bank facility covenant.

The stable outlook reflects that Kinross will maintain its
conservative financial policies and very good liquidity profile as
it advances its Tasiast phase one project. At the same time the
rating assumes Kinross will execute projects which will contribute
cash flow and help offset production declines and/or extend mine
life at its operations while preserving its current cost profile.

Kinross' rating could be upgraded if the company is able to sustain
operating cash costs (revenue less EBITDA divided by GEOs) near
$800/oz, while progressing on projects to manage the shorter life
of some at its mines. Additionally an upgrade would require Kinross
to maintain an adjusted EBIT margin at or above 8% (4.9% at
Mar/17).

Kinross' rating could be downgraded if Moody's expects the
company's adjusted Debt/ EBITDA to be sustained above 3.5x (1.7x at
Mar/17) and if cash flow from operations minus dividends/adjusted
debt falls below 20% (57% at Mar/17) on a sustained basis.

Headquartered in Toronto, Canada, Kinross operates nine mines
located in Russia, the US, Brazil, Ghana, and Mauritania. Revenues
for the twelve months ended March 2017 were $3.5 billion and the
company had production of 2.78 million gold equivalent ounces.

The principal methodology used in this rating was Global Mining
Industry published in August 2014.


KMK OIL & GAS: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: KMK Oil & Gas, Inc.
        PO BOX 996
        Marshall, TX 75671-996

Industry: Oil and Gas Extraction

Chapter 11 Petition Date: June 28, 2017

Case No.: 17-20116

Court: United States Bankruptcy Court
       Eastern District of Texas (Marshall)

Debtor's Counsel: Charles E. Lauffer, Jr., Esq.
                  RITCHESON, LAUFFER & VINCENT, P.C.
                  Two American Center
                  821 ESE Loop 323, Suite 530
                  Tyler, TX 75701
                  Tel: (903) 535-2900
                  Fax: 903-533-8646
                  E-mail: charlesl@rllawfirm.net

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $0 to $50,000

The petition was signed by Kenneth M. Kleinke, president.

The Debtor's list of 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/txeb17-20116.pdf


LAZAR ENTERPRISES: Asks for Court's Nod to Use Cash Collateral
--------------------------------------------------------------
Lazar Enterprises, Inc., doing business as Arizona Stagecoach, an
Arizona corporation, seeks permission from the U.S. Bankruptcy
Court for the District of Arizona to use cash collateral so that
Arizona Stagecoach may continue to operate and reorganize.

These creditors may assert an interest in cash collateral:

     -- On Deck Capital, Inc., Dec. 2, 2015 Original Principal
        Balance: $165,000; Current Balance $127,000;

     -- IOU Financial May 21, 2016 Original Principal Balance:
        $51,785; Current Balance: $34,000;

     -- Core Business Finance Aug. 5, 2016 Original Principal
        Balance: $64,800; Current Balance: $50,000; and

     -- Core Business Finance Sept. 13, 2016 Original Principal
        Balance: $14,000; Current Balance: $33,000.

The only one of these creditors that require adequate protection is
On Deck Capital, Inc.  IOU Financial failed to file a UCC-1
financing statement with the Arizona Secretary of State, and
therefore, whatever interests it may assert in the Debtor's cash
collateral may be avoided under 11 U.S.C. Section 544 strong arm
powers.

On the Petition Date, the Debtor had these cash collateral in its
possession: Merchant Service Receivables totaling $1,926, other
accounts receivable totaling $2,750.60, for a total cash collateral
value of $4,676.60.

In order to adequately protect On Deck, the Debtor will:

     -- operate in accordance with the attached budget;

     -- provide budget to actual accounting on a weekly basis; and

     -- grant OnDeck a replacement lien on cash collateral
        generated postpetition to the same nature, extent
        $4,676.60 and priority as the creditor enjoyed in the cash

        collateral on the Petition Date.

The Debtor proposes to provide adequate protection to the On Deck
by granting a replacement lien on cash collateral generated
post-petition to the same nature, extent and priority as the
creditor enjoyed in the cash collateral on the Petition Date.  This
replacement Lien in will give On Deck the indubitable equivalent to
the interest in cash collateral that it had on the Petition Date.
On Deck will be further protected by the operating budget and
ongoing reporting.

A copy of the Debtor's Motion is available at:

            http://bankrupt.com/misc/azb17-06877-5.pdf

Lazar Enterprises, Inc., d/b/a Arizona Stagecoach, an Arizona
corporation, based out of Tucson International Airport, has offered
reliable and affordable transportation service throughout Southern
Arizona since 1978.  In addition to offering door-to-door to and
from Tucson International Airport, Arizona Stagecoach offers
transportation services in a 100-mile radius of Tucson, Arizona
including, but not limited to Phoenix Sky Harbor, Davis-Monthan Air
Force Base, Oro Valley, Saddlebrook, Vail, Green Valley, Nogales,
AZ, Fort Huachuca/Sierra Vista, Benson, Bisbee, Tombstone, Douglas
and places in between.  Arizona Stagecoach also provides wedding,
and event transportation.

Lazar Enterprises filed for Chapter 11 bankruptcy protection
(Bankr. D. Ariz. Case No. 17-06877) on June 16, 2017.

The Debtor's bankruptcy counsel is:

     Kasey C. Nye, Esq.
     KASEY C. NYE, LAWYER, PLLC  
     1661 North Swan Road, Suite 238
     Tucson, Arizona 85712
     Tel: (520) 399-7361
     Fax: (520) 413-2147
     E-mail: knye@kcnyelaw.com
     Website: http://www.kcnyelaw.com


MAMAMANCINI'S HOLDINGS: Accelerates Aggressive Marketing Campaign
-----------------------------------------------------------------
MamaMancini's Holdings, Inc. has resumed its aggressive marketing
campaign beginning on Monday, June 26, 2017, through the July 4th
Independence Day holiday period.
The Company estimates that upwards of 183 million consumer
impressions have been achieved since Jan. 1, 2017, through its
various advertising, social media and public relations platforms.
During the June 26th through July 9th period, the Company expects
to air approximately 600 commercial spots featuring MamaMancini's
co-founder, Dan Mancini, on a broad range of media including Sirius
Satellite Radio, cable television channels CNBC, Bloomberg, CNN,
Fox News, CNN Headline News, MSNBC and ESPN, as well as social
media outlets Facebook and Twitter.

The commercial can be heard at the following link:

http://www.mamamancinis.com/tune-sirius-radio-starting-monday-626/

The Company has issued a compilation of recent articles and
mentions of MamaMancini's in the press, trade journals and
lifestyle publications.  They can be seen at the following link:

http://www.mamamancinis.com/wp/wp-content/uploads/2017/06/MM-Press-Sheet-Update-June-2017.pdf

Carl Wolf, chairman and CEO of MamaMancini's, said, "We are pleased
with the results of our marketing campaign during the first half of
the year.  We believe that our marketing strategy has been
effective in helping us to achieve strong double-digit revenue
growth in the January to June timeframe.  We continue to be
opportunistic in taking advantage of reasonably priced airtime that
allows us to access large audiences across numerous platforms.  We
are dedicated to reaching a $40 million revenue run-rate in the
coming months."

                       About MamaMancini's

MamaMancini's is a marketer and distributor of a line of beef
meatballs, turkey meatballs, and chicken meatballs all with sauce,
five cheese stuffed beef, turkey and chicken meatballs all with
sauce, original beef and turkey meatloaves and bacon gorgonzola
beef meatloaf, and other similar Italian cuisine products.  The
Company's sales have been growing on a consistent basis as the
Company expands its distribution channel, which includes major
retailers such as Costco, Publix, Shop Rite, Price Chopper, Jewel,
SaveMarts, Luckys, Lunds/Byerly’s, SuperValu, Safeway,
Albertsons, Spartan Stores, Bashas, Whole Foods, Shaw's
Supermarkets, Kings, Roche Brothers, Key Foods, Stop-n-Shop, Giant
Stores, Giant Eagle, Food Town, Randalls, Kroger, Shoppers,
Marsh’s Supermarkets, King Kullen, Lowes Stores, Central Markets,
Weis Markets, Ingles, and The Fresh Market.

MamaMancini's reported a net loss available to common stockholders
of $494,061 on $18.04 million of sales for the year ended Jan. 31,
2017, compared to a net loss available to common stockholders of
$3.57 million on $12.60 million of sales for the year ended
Jan. 31, 2016.  As of April 30,2017, MamaMancini's had $6.75
million in total assets, $5.53 million in total liabilities and
$1.21 million in total stockholders' equity.


MAR MEG: Case Summary & 6 Unsecured Creditors
---------------------------------------------
Debtor: Mar Meg LLC
        P.O. Box 288
        Round Hill, VA 20141

Business Description: The Debtor listed its business as
                      a single asset real estate (as defined
                      in 11 U.S.C. Section 101(51B)).  Its
                      principal assets are located at
                      21 Main Street Round Hill, VA 20142.

Chapter 11 Petition Date: June 28, 2017

Case No.: 17-12214

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

Judge: Hon. Brian F. Kenney

Debtor's Counsel: Robert M. Marino, Esq.
                  REDMON PEYTON & BRASWELL, LLP
                  510 King Street, Suite 301
                  Alexandria, VA 22314-3143
                  Tel: 703-684-2000
                  Fax: 703-684-5109
                  E-mail: rmmarino@rpb-law.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $500,000 to $1 million

The petition was signed by Margaret M. Albright, manager.

The Debtor's list of six unsecured creditors is available for free
at http://bankrupt.com/misc/vaeb17-12214.pdf


MARINA BIOTECH: Proposes to Offer Common Stock & Warrants
---------------------------------------------------------
Marina Biotech, Inc., filed with the Securities and Exchange
Commission a Form S-1 registration statement in connection with a
proposed offering of an undetermined number of units directly to
selected investors, with each unit consisting of (i) one share of
its common stock, par value $0.006 per share and (ii) a warrant to
purchase up to an undetermined shares of the Company's common
stock.  No units will be issued, however, and purchasers will
receive only shares of common stock and warrants.  The common stock
and warrants may be transferred separately immediately upon
issuance.  The warrants will be immediately exercisable at a yet to
be determined price per share, and will expire on the fifth
anniversary of the issuance date.

The Company's common stock is quoted on the OTCQB under the symbol
"MRNA".  On June 21, 2017, the last reported sale price for the
Company's common stock as reported on OTCQB was $0.37 per share.
The Company does not intend to list the warrants on any securities
exchange or other trading market and it does not expect that a
public trading market will develop for the warrants.  Without an
active market, the liquidity of the warrants will be limited.

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

                     https://is.gd/1pCcL5

                     About Marina Biotech

Marina Biotech, Inc., headquartered in Bothell, Washington, is a
biotechnology company focused on the discovery, development and
commercialization of nucleic acid-based therapies utilizing gene
silencing approaches such as RNA interference ("RNAi") and
blocking messenger RNA ("mRNA") translation.  The Company's goal
is to improve human health through the development, either through
its own efforts or those of its collaboration partners and
licensees, of these nucleic acid-based therapeutics as well as the
delivery technologies that together provide superior treatment
options for patients.  The Company has multiple proprietary
technologies integrated into a broad nucleic acid-based drug
discovery platform, with the capability to deliver novel nucleic
acid-based therapeutics via systemic, local and oral
administration to target a wide range of human diseases, based on
the unique characteristics of the cells and organs involved in
each disease.

On June 1, 2012, the Company announced that, due to its financial
condition, it had implemented a furlough of approximately 90% of
its employees and ceased substantially all day-to-day operations.
Since that time substantially all of the furloughed employees have
been terminated.  As of Sept. 30, 2012, the Company had
approximately 11 remaining employees, including all of its
executive officers, all of whom are either furloughed or working
on reduced salary.  As a result, since June 1, 2012, its internal
research and development efforts have been minimal, pending
receipt of adequate funding.

Marina Biotech reported a net loss of $837,143 on $0 of revenue for
the year ended Dec. 31, 2016, compared with a net loss of $1.11
million on $0 of revenue for the year ended Dec. 31, 2015.  As of
March 31, 2017, Marina had $6.11 million in total assets, $2.69
million in total liabilities, all current, and $3.41 million in
total stockholders' equity.

Squar Milner LLP, in Los Angeles, California, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2016, citing that the Company has suffered
recurring losses and negative cash flows from operations and has
had recurring negative working capital.  This raises substantial
doubt about the Company's ability to continue as a going concern.


MELODY GOOD GIRL: Plan Confirmation Period Extended Until Aug. 10
-----------------------------------------------------------------
Judge K. Rodney May of the U.S. Bankruptcy Court for the Middle
District of Florida extended Melody, Good Girl Incorporated's
exclusivity period and time to confirm the plan of reorganization
to and including August 10, 2017.

The Troubled Company Reporter has previously reported that the
Debtor asked the Court for a 60-day extension of the exclusivity
period and time to confirm the plan of reorganization.

The Debtor filed its Plan of Reorganization and Disclosure
Statement on April 6, 2017. The Court entered an order on April 10,
2017, conditionally approving the Disclosure Statement, setting
hearing on confirmation of the Plan, and setting deadlines with
respect to confirmation hearing and scheduled the confirmation
hearing for May 18, 2017, at 10:00 a.m.  The confirmation hearing
was continued for July 6, 2017, at 10:00 a.m.

The Debtor assured the Court that the extension of the period of
exclusivity will not affect plan confirmation should the
confirmation hearing be rescheduled by the Court.  

              About Melody, Good Girl Incorporated

Melody, Good Girl Incorporated dba Servpro of Winter Haven filed a
Chapter 11 petition (Bankr. M.D. Fla. Case No. 16-10587), on Dec.
13, 2016.  The Petition was signed by Christopher E. Brill,
president. At the time of filing, the Debtor estimated assets at
$100,000 to $500,000 and liabilities at $1 million to $10 million.


The Debtor is represented by James W Elliott, Esq., at McIntyre
Thanasides Bringgold Elliott, et al.

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

No trustee or examiner has been appointed in this case and no
official committees have been appointed.


METROPOLITAN INDUSTRIAL: Disclosures OK'd; Plan Hearing on Sept. 13
-------------------------------------------------------------------
The Hon. Mildred Caban Flores of the U.S. Bankruptcy Court for the
District of Delaware has approved Metropolitan Industrial Food
Services, Inc.'s disclosure statement dated Feb. 27, 2017,
referring to the debtor's Chapter 11 plan dated Feb. 27, 2017.

A hearing for the consideration of confirmation of the Plan and of
the objections as may be made to the confirmation of the Plan will
be held on Sept. 13, 2017, at 9:00 a.m.

Any objection to confirmation of the Plan must be filed on or
before 14 days prior to the date of the hearing on confirmation of
the Plan.

Acceptances or rejections of the Plan must be filed on or before 14
days prior to the date of the hearing on confirmation of the Plan.


As reported by the Troubled Company Reporter on March 13, 2017, the
Debtor filed with the Court a disclosure statement dated Feb. 27,
2017, referring to the Debtor's plan of reorganization.  The Plan
provides for payment of approximately 1.08% to allowed unsecured
claims, through 60 equal monthly payments commencing on the
Effective Date.  The Plan also provides for $25,000 for
distribution to holders of Class 5 General Unsecured Claims --
estimated to be $2,313,944 -- through 60 equal monthly payments on
a pro-rata basis.  

                  About Metropolitan Industrial

Headquartered in San Juan, Puerto Rico, Metropolitan Industrial
Food Services, Inc., filed for Chapter 11 bankruptcy protection
(Bankr. D. P.R. Case No. 15-08302) on Oct. 23, 2015, listing $2.09
million in total assets and $4.62 million in total liabilities.
The petition was signed by Josue V. Navarro, president.

Judge Edward A Godoy presides over the case.

Alexis Fuentes Hernandez, Esq., at Alexis Fuentes-Hernandez serves
as the Debtor's bankruptcy counsel.


MIDWEST PORTABLE: Asks for Court OK to Use Cash Collateral
----------------------------------------------------------
Midwest Portable Machine, Inc., seeks permission from the U.S.
Bankruptcy Court for the Southern District of Indiana to use cash
collateral.

As of the Petition Date, Debtor owes its secured creditors
approximately $145,720.  The proceeds of the repair work performed
for the Debtor's customers constitutes cash collateral.

The Debtor says it does not have sufficient funds or working
capital with which to continue to operate their businesses as a
debtor-in-possession without utilizing the cash collateral
resultant from the sale of services.  As a consequence, the Debtor
has an immediate and urgent need to use the cash collateral to pay
reasonable, necessary and actual operating expenses in the ordinary
course of its business and to use the cash collateral to operate
its business, all of which is subject to the liens of the secured
creditors.

In order to facilitate this business, the Debtor's basic weekly
needs are: (1) payroll in the amount of $3,000, employing six
persons; (2) rent in the amount of $347; (3) utilities in the
amount of $275; and (4) operating budget to complete services of
$2,000.

Copies of the Debtor's request are available at:

        http://bankrupt.com/misc/insb17-70587-11-6.pdf
        http://bankrupt.com/misc/insb17-70587-11-4.pdf

Midwest Portable Machine, Inc., is an Indiana Corporation organized
under the laws of the State of Indiana and conducting business
within the State of Indiana at its plant in Booneville, Indiana.
The Debtor's business relates to repairing heavy equipment and
machinery primarily for the coal industry.

Midwest Portable Machine, Inc. filed for Chapter 11 bankruptcy
protection (Bankr. S.D. Ind. Case No. 17-70587) on June 13, 2017.
John Andrew Goodridge, Esq., who has an office in Evansville,
Indiana, serves as the Debtor's bankruptcy counsel.

No committee of unsecured creditors has been appointed.


MOJCK LLC: Taps Ronald Goldman as Legal Counsel
-----------------------------------------------
Mojck, LLC seeks approval from the U.S. Bankruptcy Court for the
Western District of New York to hire legal counsel.

The Debtor proposes to hire Ronald Goldman, Esq., to give legal
advice regarding its duties under the Bankruptcy Code, and provide
other legal services related to its Chapter 11 case.

Mr. Goldman will charge an hourly fee of $350 for his services.

In a court filing, Mr. Goldman disclosed that he does not represent
any interest adverse to the Debtor or its estate.

Mr. Goldman maintains an office at:

     Ronald S. Goldman, Esq.
     532 Times Square Building
     45 Exchange Street
     Rochester, NY 14614

                        About Mojck LLC

Mojck, LLC sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. W.D.N.Y. Case No. 17-20646) on June 15, 2017.  Judge
Paul R. Warren presides over the case.


MOLYCORP MINERALS: Court OKs $20.5M Sale Deal for Rare Earth Mine
-----------------------------------------------------------------
Jeff Montgomery, writing for Bankruptcy Law360, reports that the
Hon. Christopher S. Sontchi of the U.S. Bankruptcy Court for the
District of Delaware has approved the $20.5 million sale deal for
Molycorp Minerals LLC's rare earth mine.

According to Law360, the deal also covered more than $100 million
of potential environmental liabilities.

Law360 shares that Vincent J. Marriott III, Esq., at Ballard Spahr
LLP, the attorney for the Debtor, informed the Court of resolutions
of all objections to the transaction.

            About Molycorp Inc. and Molycorp Minerals

Molycorp Inc. -- http://www.molycorp.com/-- is a global rare    
earths and rare metals producer.  Molycorp owns several prominent
are earth processing facilities around the world.  It has a
workforce of 2,530 employees at locations on three continents.
Molycorp's Mountain Pass Rare Earth Facility in San Bernadino
County, California, is home to one of the world's largest and
richest deposits of rare earths.

Molycorp has corporate offices in the United States, Canada and
China.  CEO Geoffrey R. Bedford, and other senior management
members are located in Molycorp's corporate offices in Toronto,
Canada.  Other senior management members are located at its U.S.
corporate headquarters in Greenwood Village, Colorado.

Molycorp and its North American subsidiaries, together with certain
of its non-operating subsidiaries outside of North America, filed
Chapter 11 voluntary petitions in Delaware (Bankr. D. Del. Lead
Case No. 15-11357) on June 25, 2015, after reaching agreement with
a group of lenders on a financial restructuring.  The Chapter 11
cases of Molycorp and 20 affiliated debts are pending before Judge
Christopher S. Sontchi.

The agreement provides for a financial restructuring of the
Company's $1.7 billion in debt and provides up to $225 million in
gross proceeds in new financing to support operations while the
Company completes negotiations with creditors.

The Company's operations outside of North America, with the
exception of non-operating companies in Luxembourg and Barbados,
are excluded from the filings.  Molycorp Rare Metals (Oklahoma),
LLC, with operations in Quapaw, Oklahoma, also is excluded from the
filings as it is not 100% owned by the Company.

Molycorp retained investment banking firm Miller Buckfire & Co. and
financial advisory firm AlixPartners, LLP.  Jones Day and Young,
Conaway, Stargatt & Taylor LLP served as legal counsel to the
Company in this process.  Prime Clerk serves as claims and noticing
agent.

Secured creditor Oaktree Capital Management L.P., consented to the
use of cash collateral and to extend postpetition financing.

On July 8, 2015, the U.S. trustee overseeing the Chapter 11 case of
Molycorp Inc. appointed eight creditors of the company to serve on
the official committee of unsecured creditors.  The Creditors
Committee tapped Ashby & Geddes, P.A., and Paul Hastings LLP as
attorneys.  On Nov. 9, the U.S. Trustee disbanded the committee
following the resignation of committee members Wilmington Savings
Fund Society FSB, MP Environmental Services Inc., Computershare
Trust Company of Canada, Veolia Water North America Operating
Services LLC, Delaware Trust Company, Wazee Street Capital
Management, Plymouth Lane Partners (Master) LP, and United
Steelworkers.

                          *     *     *

Molycorp, Inc.'s Fourth Joint Amended Plan of Reorganization has
been confirmed by the U.S. Bankruptcy Court for the District of
Delaware.  The Plan contemplates two possible outcomes: (1) the
sale of substantially all of the Debtors' assets if certain
conditions set forth in the Plan are satisfied and (2) (a) the sale
of the assets associated with the Debtors' Mountain Pass mining
facility in San Bernardino County, California; and (b) the
stand-alone reorganization around the Debtors' other three business
units.

Judge Christopher Sontchi of the U.S. Bankruptcy Court for the
District of Delaware on April 8, 2016, issued a findings of fact,
conclusions of law, and order confirming the Fourth Amended Joint
Plan of Reorganization of Molycorp, Inc., and its debtor
affiliates.

On April 13, 2016, Judge Sontchi directed the appointment of a
Chapter 11 trustee to oversee the operations of Industrial Minerals
LLC, Molycorp Advance Water Technologies LLC, Molycorp Minerals
LLC, PP IV Mountain Pass II Inc., PP IV Mountain Pass Inc., and RCF
Speedwagon Inc.  Each of the bankruptcy cases of the companies are
no longer jointly administered with Molycorp's case under Case No.
15-11357.

On May 2, 2016, the Court entered an order in the Molycorp Minerals
Debtors' cases approving the appointment of Paul E. Harner as
Chapter 11 trustee for Molycorp Mineral Debtors' bankruptcy
estates.

On Aug. 31, 2016, Molycorp reported that its confirmed Fourth Joint
Amended Plan became effective as of that date.  Molycorp emerged
from Chapter 11 protection as a newly reorganized business, now
known as Neo Performance Materials.


MOSAIC MANAGEMENT: Bankruptcy Plan Takes Effect
-----------------------------------------------
New York-based ASM Capital on June 29, 2017, disclosed that the
bankruptcy plan of Mosaic Management Group, Inc., is now in effect.
Mosaic may now recover as much as $60 million that might otherwise
not have been recovered on behalf of the creditors.  Prior to its
bankruptcy filing, Mosaic bought existing life insurance policies,
then sold fractional interests of those policies to others.

After the Chapter 11 action was filed, the company sought to sell
its assets, which were, in large part, the life insurance policies.
That proposed sale process engendered a high bid of $18.5 million.
However, some investors and others questioned the company's legal
right to sell those policies.  ASM Capital approached the Debtors
with a restructuring plan to enable an exit from bankruptcy while
giving investors the opportunity to either continue their holdings
in fractional life insurance policies or take a one-time cash out
payment.  

During the case, ASM Capital provided a $5 million Debtor in
Possession financing to stabilize the value of the estate.  That
strategy allowed the life insurance policies to be preserved and
maintained during the course of the Chapter 11 through its
successful conclusion.  In addition to the $5 million in Debtor in
Possession financing, the company's plan provided an additional $5
million in exit funding from ASM necessary to fund ongoing premium
obligations and administrative expenses permitting the successful
confirmation of the bankruptcy proceeding.  ASM also provided an
additional cash election to investors electing to cash out their
investments.

Creditors from around the world were nearly unanimous in their
approval of the plan, which was confirmed by the U.S. District
Court, Southern District of Florida, West Palm Beach Division, on
May 31, 2017.

"This plan provided a resolution to the disputes over the ownership
of the life insurance policies, as well as a potential recovery to
creditors well in excess of the sales process," said Jared Muroff,
CFA, Director of Research for ASM Capital.  "By providing capital
to the debtor, we gave them the breathing room they needed to bring
the bankruptcy process across the finish line with a confirmed plan
of reorganization where investor creditors could continue their
holdings if they so wished."

                        About ASM Capital

Founded in 2000, ASM Capital -- http://www.asmcapital.com/-- runs
a family of investment vehicles concentrating on investing in
companies undergoing the bankruptcy or restructuring process,
including the purchase of unsecured claims.  With nearly 50 years
of combined experience, ASM Capital's investment team focuses on
situations where, through its investment, it can help debtors
and/or creditors successfully navigate the bankruptcy process.

                  About Mosaic Management Group

Founded in 2001, Mosaic Management was a financial services
organization that provided management oversight and administration
services for portfolios of life insurance policies.  Mosaic
Alternative was established in the British Virgin Islands in 2003
under the name of Mosaic Caribe Ltd., with the model of promoting
international sales of life settlement products to prospective
investors.

Mosaic was engaged in the business of buying existing life
insurance policies, and then selling fractional interests in those
policies to others.  In the typical life settlement transaction,
Mosaic purchased policies from the insureds for a cash settlement
for an amount in excess of the contract's cash surrender value but
less than its death benefit.  To fund these purchases and its
business operations, Mosaic sold fractionalized interests in the
policies' future benefits to "investors" or "purchasers" -- i.e.,
Investors, Landau Investors, and Lapolla Investors.

Mosaic Management Group, Inc., and its affiliates sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Fla. Lead Case
No. 16-20833) on Aug. 4, 2016.  The petitions were signed by
Charles Thomas Ryals, president and chief executive officer.

Judge Erik P. Kimball presides over the case.

The Debtors had the law firm of Berger Singerman LLP as general
bankruptcy counsel when they sought bankruptcy protection.
However, when Andrew Murphy assumed leadership of the Debtors, the
Debtors terminated Berger Singerman and hired Tripp Scott, P.A., as
general bankruptcy counsel.

Furr & Cohen, P.A. is counsel to the Official Committee of
Unsecured Creditors.

Bast Amron LLP is counsel to the Official Committee of Investor
Creditors.


MRI INTERVENTIONS: Has Resale Prospectus of 13.8M Common Shares
---------------------------------------------------------------
MRI Interventions, Inc., filed with the Securities and Exchange
Commission a registration statement on Form S-1 relating to
6,693,333 outstanding shares of its common stock and 7,114,200
shares of its common stock issuable upon the exercise of
outstanding warrants held by some of the Company's securityholders.


The securities the Company is registering are to be offered for the
account of the selling securityholders.  The Company will pay the
expenses of registering the shares, but it is not selling any
shares of common stock in this offering and therefore will not
receive any proceeds from this offering.  The Company will,
however, receive the exercise price of the Warrants, if and when
those warrants are exercised for cash by the selling
securityholders.

The Company's common stock is traded in the over-the-counter market
and quoted on the OTCQB Venture Marketplace organized by the OTC
Markets Group Inc. and the OTC Bulletin Board under the ticker
symbol "MRIC."  On June 21, 2017, the last reported sale price of
the Company's common stock was $3.90 per share.

A full-text copy of the Form S-1 prospectus is available for free
at https://is.gd/qPHFmG

                    About MRI Interventions

Based in Irvine, Calif., MRI Interventions, Inc., is a medical
device company.  The Company develops and commercializes platforms
for performing minimally invasive surgical procedures in the brain
and heart under direct, intra-procedural magnetic resonance imaging
(MRI) guidance.  It has two product platforms: ClearPoint system,
which is used to perform minimally invasive surgical procedures in
the brain and ClearTrace system, which is under development, to be
used to perform minimally invasive surgical procedures in the
heart.

MRI Interventions incurred a net loss of $8.06 million for the year
ended Dec. 31, 2016, compared to a net loss of $8.44 million for
the year ended Dec. 31, 2015.  As of March 31, 2017, MRI
Interventions had $6.19 million in total assets, $8.39 million in
total liabilities and a total stockholders' deficit of $2.20
million.

Cherry Bekaert LLP, in Charlotte, North Carolina, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2016, citing that the Company incurred net
losses during the years ended Dec. 31, 2016, and 2015 of
approximately $8.1 million and $8.4 million, respectively.
Additionally, the stockholders' deficit at Dec. 31, 2016, was
approximately $756,000.  These conditions raise substantial doubt
about the Company's ability to continue as a going concern.


NATIONAL EVENTS: 2 Affiliates' Voluntary Chapter 11 Case Summary
----------------------------------------------------------------
Affiliates of National Events Holdings, LLC, that filed Chapter 11
bankruptcy petitions:

      Debtor                                      Case No.
      ------                                      --------
      National Events of America Inc.             17-11798
      1430 Broadway, 7th Floor
      New York, NY 10018

      New World Events Group Inc.                 17-11799
      1430 Broadway, 7th Floor
      New York, NY 10018

Type of Business: Promoters of performing arts, sports, and
                  similar events

Chapter 11 Petition Date: June 28, 2017

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

Debtors' Counsel: William C. Heuer, Esq.
                  WESTERMAN BALL EDERER MILLER ZUCKER
                  & SHARFSTEIN, LLP
                  1201 RXR Plaza
                  Uniondale, NY 11556
                  Tel: 516.622.9200
                  Fax: 516.622.9212
                  E-mail: wheuer@westermanllp.com

                                       Estimated   Estimated
                                         Assets   Liabilities
                                      ----------  -----------
National Events of America Inc.        $10M-$50M   $10M-$50M
New World Events Group                 $10M-$50M   $10M-$50M

The petitions were signed by Edward J. LoBello, Esq., as temporary
receiver.

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

The petitions are available for free at:

          http://bankrupt.com/misc/nysb17-11798.pdf
          http://bankrupt.com/misc/nysb17-11799.pdf

Pending bankruptcy cases of affiliates:

      Debtor                                     Case No.
      ------                                     --------
      National Events Holdings, LLC              17-11556
      1430 Broadway, 7th Floor
      New York, NY 10018

      National Events Intermediate, LLC          17-11557
      1430 Broadway, 7th Floor
      New York, NY 10018

      National Event Company II, LLC             17-11559
      National Event Company III, LLC            17-11561
      World Events Group, LLC                    17-11562


NEXSTAR BROADCASTING: Moody's Rates Sec. Bank Credit Facility Ba3
-----------------------------------------------------------------
Moody's Investors Service says Nexstar Broadcasting Group Inc.'s
proposed repricing of its $175 million revolving credit facility
(due 2022), $345 million Term Loan A-1 (due 2022), and $2.625
billion Term Loan B (due 2024) is credit positive with annual
interest savings. Other than a reset of the soft call (at $101) on
Term Loan B and extending the tenor on the Revolver and TLA to a
new 5 year facility, there are no other material changes to the
existing terms or conditions. Nexstar's B1 Corporate Family Rating
(CFR), Ba3 (LGD 3) Senior Secured Bank Credit Facility ratings, B3
Senior Unsecured ratings, and B1-PD Probability of Default remain
unchanged. The stable outlook also remains unchanged.

Assignments:

Issuer: Nexstar Broadcasting, Inc.

-- Senior Secured Bank Credit Facility, Assigned Ba3 (LGD 3)

RATINGS RATIONALE

Nexstar Broadcasting, Inc.'s (Nexstar or the Company) B1 rating is
supported by its large national scale following its recent
acquisition of Media General, lifting revenues to $2.7-$2.8 billion
by the end of 2018 - similar to higher rated peers. Following the
acquisition of Media General, the company is one of the largest US
broadcasters Moody's rates with 170 television stations across 100
markets reaching approximately 39% of U.S. households. In addition,
the company has good station diversity across all of the major
broadcast affiliates as well as a balanced revenue model that is
less dependent on cyclical ad revenue than most of its peers with
recurring retransmission fees that will represent over 40% of net
revenue at the end of 2018. The strength of the company's assets
and competitive market position are evident with (Moody's adjusted)
EBITDA margins over 30%, helping to produce good liquidity
supported by strong cash flows. The strength can be observed in
FCF/Debt (Moody's adjusted) which Moody's expects to rise above
Moody's 8% rating trigger over the next 12-18 months.

The rating is constrained by high leverage (Moody's adjusted) which
spiked near 6x at the end of 2016, a high ratio for a B1-rated
company and above Moody's 5.5x tolerance for the rating category.
Moody's expects the ratio to improve over the next 12-18 months,
however, falling below 5x by the end of 2018. Until then, the ratio
will remain high nonetheless as the company slowly manages down the
$4 billion in debt raised to fund the acquisition of Media General.
In addition, a dependence on cyclical ad revenues causes
variability in operating performance. These revenues, close to 45%
of total net revenues at the end of 2018, are in decline. Nexstar
is steadily losing ad share as consumers shift their media
consumption to digital and mobile platforms. This disruption is
pressuring the company to invest in new digital properties which
exhibit strong organic top-line growth, but also burden profits.

The stable outlook reflects Moody's views that organic core ad
sales will be flat to slightly down over the next 12-18 months.
Moody's expects leverage to improve within Moody's ratings
tolerances but remain high. Moody's outlook incorporates Moody's
views that revenues will rise to $2.7-$2.8 billion by the end of
2018, EBITDA margins will be in the mid 30% range, and the company
will convert at least 20% of net revenue into free cash flows. The
outlook assumes no material changes to the company's liquidity
profile and there are no further leveraging events or material
unfavorable changes in operating results, regulation, financial
policies, market share/position, capital structure, or the business
model - other than those Moody's has discussed herein.

Moody's will consider a positive rating action if: Leverage
(Moody's adjusted debt-to-2 year average EBITDA) is sustained below
4.50x, and Coverage (Moody's adjusted 2-year average free cash
flow-to-debt) remains above high single digit percentages. An
upgrade would also be conditional on the maintenance of the current
liquidity profile as well as a low probability of near term event
risks or material unfavorable changes in operating results,
financial policies, regulation, market share/position, capital
structure, or the business model.

Moody's will consider a negative rating action if: Leverage
(Moody's adjusted debt-to-2 year average EBITDA) is sustained above
5.50x, or Coverage (Moody's adjusted 2-yr average free cash
flow-to-debt) remains below 5%. A downgrade would also be
considered if liquidity weakened, operating performance turned
negative, or there were material and negative changes in
regulation, market share/position, financial policies, capital
structure, or the business model such that credit risk rose
meaningfully.

Headquartered in Irving, TX, Nexstar Broadcasting, Inc. is one of
the largest U.S. television broadcasters owning, operating, or
providing sales and services to 170 television stations across 100
markets covering nearly 39% of U.S. television households including
its acquisition of Media General. Annual revenue pro forma for the
transaction exceeds $2.5 billion with more than 80% of revenue
generated from Big 4 network affiliates.

The principal methodology used in these ratings was Media Industry
published in June 2017.


NFP CORP: S&P Assigns 'CCC+' Rating on Proposed $500MM Sr. Notes
----------------------------------------------------------------
S&P Global Ratings said that it has assigned its 'CCC+' unsecured
debt rating and '6' recovery rating (indicating an expectation of
negligible [0%-10%; rounded estimate: 0%] recovery in case of
default) to NFP Corp.'s proposed $500 million senior notes due
2025.

Following the proposed issuance, S&P expects NFP's
credit-protection measures to remain within S&P's expectations for
the rating.  NFP will use the proceeds to refinance its existing
$575 million senior notes due 2021.  The company had earmarked a
portion of the proceeds of its incremental term loan B that it
announced on June 26, 2017, to repay $75 million of its existing
$575 million notes, bringing the balance to $500 million.
Accordingly, total debt levels and leverage are unchanged from this
note refinancing.  S&P expects modest interest cost savings because
NFP is targeting 6.75% on the new notes versus 9% on the existing
notes.  S&P expects leverage of 6.5x-7.5x and coverage of 2x-3x for
full year 2017.

RATING LIST

NFP Corp.
Corporate credit rating                     B/Stable/--

New Rating

NFP Corp.
  US$500 mil senior unsec notes due 2015     CCC+
   Recovery rating                           6(0%)


NOVATION COMPANIES: Wants Plan Filing Period Extended to Sept. 30
-----------------------------------------------------------------
Novation Companies, Inc., et al., ask the U.S. Bankruptcy Court for
the District of Maryland to extend the exclusive plan filing period
for all the Debtors by 90 days, through and including Sept. 30,
2017, and the the exclusive solicitation period through Nov. 30,
2017.

The Exclusive Solicitation Period has previously been extended
through and including June 30, 2017, and by operation of the U.S.
Bankruptcy Code, the Exclusive Filing Period has similarly been
extended through and including June 30, 2017.

Prior to the expiration of the present Exclusive Periods, the
Debtors filed the Second Amended Joint Chapter 11 Plan of
Reorganization of (i) Novation Companies, Inc., and (ii) NovaStar
Mortgage, LLC.  The Debtors relate that the Plan resolved the most
contentious issues in these cases and provided for the resolution
of the myriad disputes over the treatment of the Class 2
Noteholders, the modification and improvement of the treatment of
the Class 3 General Unsecured Claims, and the authorization to
enter into a Stock Purchase Agreement by and among Novation
Holdings, Inc., a wholly-owned subsidiary of Novation and Butler
America, LLC, the owner of Healthcare Staffing, Inc.

On May 31, 2017, the Court conducted a confirmation hearing on the
Plan.  Because there was no impaired class of creditors voting to
accept the NMI plan, the NMI plan was not pursued and Novation went
forward seeking confirmation of its Plan alone.  On June 12, 2017,
the Court entered its Findings of Fact, Conclusions of Law And
Order confirming the Second Amended Plan Of Reorganization of
Novation Companies, Inc.

The Debtors admit that they cannot determine if there will be an
Effective Date of the Novation Plan.  If there is an Effective
Date, the requested exclusivity extension with respect to Novation
will be moot and no relief will be sought with respect to Novation.


The Debtors also note that they have been operating under the
protections of Chapter 11 for approximately 11 months.

The Debtors also state that the Chapter 11 cases qualify as large
and complex.  These jointly administered cases consist of four
Debtors that were actively engaged in the businesses of mortgage
lending and finance and tax refund processing; facilitating the
securitization and sale of loans, and providing services to income
tax preparers that allowed the preparer to settle income tax
refunds in various forms for the tax provider.  From April 2015
through approximately the end of 2015, the Debtors underwent a
change in leadership with a majority of the board being replaced.
The current board is composed of five members, three of whom joined
the Board in 2015 or 2016 to implement what has been a successful
turnaround strategy to acquire an operating business or make other
investments for the benefit of the Debtors' creditors and other
stakeholders.

The Debtors also have significant NOL's, in excess of $700 million,
which the Debtors have been focused on preserving.  Moreover, the
Plan provides for the consummation of the HCS Transaction, which
will facilitate the emergence of all of the Debtors from these
bankruptcy proceedings

To date, the Debtors have made substantial good faith progress in
these Chapter 11 cases.  The Debtors operations are performing well
and the Debtors have achieved stabilized cash flows.  The Debtors'
filed monthly operating reports evidence the same.  The Debtors
have also timely paid all U.S. trustee fees and administrative
claims are current.

                   About Novation Companies

Headquartered in Kansas City, Missouri, Novation Companies, Inc.
(otcqb: NOVC) -- http://www.novationcompanies.com/-- is in the    

process of implementing its strategy to acquire operating
businesses or making other investments that generate taxable
earnings.

Prior to 2008, Novation originated, purchased, securitized, sold,
invested in and serviced residential nonconforming mortgage loans
and mortgage securities.  At the height of its business, the
Company originated more than $11 billion annually in mortgage
loans.  After ceasing lending operations and completed a sale of
its servicing portfolio amidst the housing collapse in 2007, the
Company has been engaged in the business of acquiring various
businesses.

Novation Companies and certain of its subsidiaries filed voluntary
petitions for chapter 11 business reorganization in Baltimore,
Maryland (Bankr. D. Md. Lead Case No. 16-19745) on July 20, 2016.

In its petition, NCI disclosed assets of $33 million and
liabilities of $91 million.

The cases are assigned to Judge David E. Rice.

The Debtors hired the law firms of Shapiro Sher Guinot & Sandler,
P.A., and Olshan Wolosky LLP as bankruptcy counsel.  The Debtors
also hired Orrick, Herrington & Sutcliffe LLP as special
litigation counsel; Holland & Knight LLP as Investment Company
Act compliance counsel; and Deloitte Tax LLP as tax service
provider.

On Aug. 1, 2016, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  The committee has
hired Hunton & Williams LLP, as counsel; Alvarez & Marsal
Valuation Services, LLC, as valuation expert; and Tactical
Financial Consulting, LLC as expert advisor.


OLIVER C&I: Unsecureds Get Paid in Full Plus Interest
-----------------------------------------------------
Oliver C & I Corp. filed with the U.S. Bankruptcy Court for the
District of Puerto Rico a disclosure statement and summary of
proposed plan of reorganization dated June 14, 2017.

Class 4 general unsecured claims not including third parties'
guarantees were listed in the Debtor's schedules in the total
amount of $238,903,49.  The total liability under this class is
$238,903.49.  This class will be paid in full plus interest within
60 days from Effective date.  This class is impaired.

The proposed plan will be funded from the cash at hand, collection
of account receivables, litigation proceeds against The
Partnerships, the General Partners, the Limited Partners and their
Affiliates.

The Disclosure Statement is available at:

            http://bankrupt.com/misc/prb16-08311-77.pdf

                     About Oliver C & I Corp.

Oliver C & I Corp., based in Guaynabo, Puerto Rico, is a profit
corporation organized under the laws of Puerto Rico.  It was
incorporated on Dec. 17, 2003.  The Debtor is wholly owned by Maria
del Carmen Magraner Folch.  The Debtor's main assets are
participations in certain limited partnerships and the corporations
which serve as general partners of the limited partnerships.

The Debtor filed a Chapter 11 petition (Bankr. D.P.R. Case No.
16-08311) on Oct. 17, 2016.  The petition was signed by Max
Olivera, vice-president and treasurer.  The case is assigned to
Judge Mildred Caban Flores.  In its petition, the Debtor indicated
$29.94 million in total assets and $1.06 million in total
liabilities.

The Debtor is represented by Carmen D. Conde Torres, Esq., at C.
Conde & Assoc.  The Debtor employed Doris Barroso Vicens of RSM
Puerto Rico as its accountant; and Aurora Oti-Yvonnet of Villafane
& Oti, Certified Public Accountants, PSC, as its external auditor.


OMNI LOOKOUT: Asks for Court's Nod to Use Cash Collateral
---------------------------------------------------------
Omni Lookout Ridge, L.P., seeks authorization from the U.S.
Bankruptcy Court for the Western District of Texas to use cash
collateral.

The Debtor is indebted to LB-UBS 2007-C2 Lookout Ridge Blvd LLC
pursuant to deed of trust, assignment of rents, and other
documents.  The Lender may claim an interest in the cash
collateral.  The Debtor reserves the right to contest any
interest.

The Debtor uses cash collateral, namely rents from the business, on
a daily basis in the ordinary course of its business.  The Lender
has consented in part to the use of cash collateral until June 27,
2017, when hearing on this matter is requested and when all parties
are available.  

Until a plan of reorganization is confirmed in this case, Debtor
must obtain approval for the use of its proceeds.  The Debtor says
that it is critical for it to have access to its cash and other
business property to continue to operate in the ordinary course of
business and to pay normal operating expenses.  An immediate need
exists for the Debtor to obtain approval of this request in order
to pay expenses in the ordinary course of the business.  Without
the immediate ability to use the cash collateral for an interim
period, the Debtor's ability to operate its business will be
severely impaired.  The Debtor will have to close its business,
which would have a severe negative impact upon the Debtor's going
concern value and ability to successfully create value for all
creditors and preserve the jobs of its employees.  The Debtor's
business, as a going concern, has a value far in excess of any
value that might be obtained in Chapter 7 liquidation.  A complete
shutdown of the Debtor's business, even for a short period, would
result in the loss of employees and renters, and eventually the
unsecured creditors would have no hope of receiving any
distribution from this case after the liquidation of all of the
assets.  

The Debtor seeks to grant each lien holder a postpetition security
interest in the Debtor's rents to the same extent, priority and
validity as their prepetition liens as adequate protection.  In no
instance will the postpetition security interests sought be used to
enhance or improve the position of any lien holder.  The Debtor
says that it has also satisfied the secured parties' entitlement to
adequate protection of its respective interest in Debtor's assets
because of the benefits which will be obtained from continued
operation of Debtor's business.
A copy of the Debtor's request is available at:

          http://bankrupt.com/misc/txwb17-60447-12.pdf

                      About Omni Lookout

Omni Lookout Ridge, LP, owns and operates a business known as
Lookout Ridge Apartments, an apartment complex, located at 201
Lookout Ridge Boulevard, Harker Heights, Bell County, Texas
76548-7217.  Omni Lookout listed its business as a single asset
real estate (as defined in 11 U.S.C. Section 101(51B)).  

Omni Lookout Ridge previously sought bankruptcy protection on Sept.
6, 2016 (Bankr. W.D. Tex. Case No. 16-11048).

Omni Lookout Ridge filed for Chapter 11 bankruptcy protection
(Bankr. W.D. Tex. Case No. 17-60447) on June 6, 2017, estimating
assets and liabilities between $1 million and $10 million.  The
petition was signed by Drew G. Hall, manager.

Judge Ronald B. King presides over the case.

Ron Satija, Esq., at Hajjar Peters LLP, serves as the Debtor's
bankruptcy counsel.


OMNIMAX INT'L: Moody's Raises CFR to Caa1; Outlook Stable
---------------------------------------------------------
Moody's Investors Service upgraded OmniMax International, Inc.
corporate family rating ("CFR") to Caa1 from Caa2 and its
probability of default to Caa1-PD from Caa2-PD. The upgrade
reflects improved credit metrics driven by better operating
performance, and the expectation that the company will benefit from
the anticipated positive momentum in the commercial and residential
end-markets. In related actions, the company's $385 million senior
secured notes were upgraded to Caa1 from Caa2. The rating outlook
remains stable.

The following is a summary of Moody's ratings and rating actions
taken for Omnimax:

-- Corporate Family Rating upgraded to Caa1 from Caa2;

-- Probability of Default Rating upgraded to Caa1-PD from Caa2-
    PD;

-- $385 million Senior Secured Notes upgraded to Caa1 (LGD3) from

    Caa2 (LGD3)

Outlook remains Stable

RATINGS RATIONALE

The upgrade is driven by OmniMax's improved operating performance
and corresponding improvement in key credit metrics. As of March
31, 2017, OmniMax's Moody's adjusted debt-to-EBITDA was down to
8.4x from 10.3x in 2015. Moody's anticipates the company will
continue having positive operating results with leverage close to
7.0x by year-end. The rating also reflects the positive momentum
expected in OmniMax's key end-markets, mainly commercial and
residential, during the next 12 to 18 months. OmniMax's limited
free cash flow generation is considered a credit negative.
Continued high debt leverage and weak interest coverage will
constrain the rating during Moody's time horizon.

The stable rating outlook is in line with Moody's view that
Omnimax's key credit metrics will remain suitable for a Caa1 rating
during the next 12 to 18 months and takes into account the
company's adequate liquidity profile as well as its stable position
in its markets. The company has an extended maturity window, with
no commitments due until its revolving credit facility expires in
March 2020 and its senior secured notes expire in August 2020.

WHAT COULD CHANGE RATINGS UP/DOWN

OmniMax could be upgraded if its credit metrics improve such that:

* Moody's adjusted debt-to-EBITDA sustained below 6.0x.

* Interest coverage (measured as EBITA-to-interest expense),
sustained above 1.5x.

* Improvements in the liquidity profile and reduction in balance
sheet debt could also support positive rating actions for OmniMax.

A downgrade for OmniMax would be possible if credit metrics weaken
such that:

* Moody's adjusted debt-to-EBITDA above 8.0x.

* Deterioration in interest coverage or liquidity profile could
pressure OmniMax's ratings as well.

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

CORPORATE PROFILE:

Headquartered in Norcross, Georgia, OmniMax International, Inc.
("OmniMax") is a manufacturer of aluminum, steel, vinyl and copper
products sold mainly in North America and Europe. Formerly known as
Euramax, OmniMax's products are sold to the residential repair and
remodel, commercial construction and recreational vehicle markets.
OmniMax's main sponsors are TPG Opportunities Partners and Highland
Capital Management. All Moody's calculations include Moody's
standard adjustments.


ORIGINAL SOUPMAN: Seeks to Hire Wyse Advisors, Appoints CRO
-----------------------------------------------------------
The Original Soupman, Inc. seeks approval from the U.S. Bankruptcy
Court for the District of Delaware to hire Wyse Advisors LLC and
appoint the firm's managing partner as its chief restructuring
officer.

Michael Wyse, the proposed CRO, and his firm will provide these
services to the company and its affiliates in connection with their
Chapter 11 cases:

     (a) stabilize and enhance the financial and operational
         performance of the business;

     (b) evaluate additional strategic alternatives with the goal
         of maximizing value for the Debtors;

     (c) direct day-to-day management of restructuring,
         recapitalization, refinancing and any sale-related
         efforts;

     (d) evaluate the value of existing assets;

     (e) provide services required to secure the assets;

     (f) lead negotiations with any potential suitors;

     (g) manage cash forecasting and liquidity management
         procedures;

     (h) review and evaluate the go-forward business;

     (i) conduct a review and analysis of the existing workforce
         and direct recruitment of new employees, where and if
         appropriate; and

     (j) execute on identified cost saving initiatives.

Wyse Advisors will be paid a flat fee of $35,000 for the first two
months and $25,000 monthly fee for the remainder of the engagement;
and $300,000 upon closing of a sale of substantially all the
Debtors' assets.

Mr. Wyse disclosed in a court filing that his firm does not have
any interest adverse to the Debtors' estates, creditors and equity
security holders.

The firm can be reached through:

     Michael Wyse
     Wyse Advisors LLC
     Phone: 917-553-5883
     Email: mwyse@wyseadvisorsllc.com

                    About the Original Soupman

The Original Soupman, Inc. -- http://originalsoupman.com/--  
manufactures and sells soups under the brand name "Original
Soupman".  Soupman at present sells soups in 17-ounce Tetra Recart
packaging to grocery chains and club stores throughout the United
States, through on-line retailers, and in frozen 4 pound bulk
packaging to its franchise restaurants and to the New York City
School System.

The parent entity, Soupman, Inc., is a publically traded Delaware
corporation on the OTCQB.  Kiosk Concepts, Inc., an 80% owned
subsidiary of The Original Soupman, was created to license the
intellectual property to franchisees.

In 2004, Soupman signed a license agreement with Yegan Food Inc.,
which operated a soup restaurant in West 55th Street in New York,
run by Ali "Al" Yeganeh.  This restaurant became a worldwide
destination for soups, being rated #1 by Zagat and praised by the
New York Times as "Art, not Soup."  The fame of the business and
its soup rose to even greater heights after a 1995 "Seinfeld"
episode in which the irascible Soup Nazi berates customers who
stand in long lines for his legendary soup, often yelling "No soup
for you!"

The Original Soupman, Inc., Soupman, Inc., and Kiosk Concepts,
Inc., sought Chapter 11 protection (Bankr. D. Del. Lead Case No.
17-11313) on June 13, 2017.

The Debtors tapped Polsinelli PC as bankruptcy counsel, and Epiq
Bankruptcy Solutions, Inc. as administrative advisor and notice and
claims agent.


PACIFIC OFFICE: Two Directors Elected by Stockholders
-----------------------------------------------------
Pacific Office Properties Trust, Inc., a Maryland corporation, held
its annual meeting of stockholders on June 20, 2017.
At the meeting, both Jay H. Shidler and Michael W. Brennan who were
nominated for reelection as directors of the Company were elected
to serve until the next annual meeting of stockholders and until
their respective successors are duly elected and qualify.
In addition, the appointment of Ernst & Young LLP as the Company's
independent registered public accounting firm for the fiscal year
ending Dec. 31, 2017, was ratified.

                    About Pacific Office

Pacific Office Properties Trust, Inc., is a real estate investment
trust (REIT).  The Company owns and operates primarily office
properties in Hawaii.  The Company owns approximately four office
properties, consisting of approximately 1.2 million rentable square
feet and is partner with third-parties in approximately three joint
ventures, holding approximately three office properties, consisting
of approximately seven buildings and approximately one million
rentable square feet (the Property Portfolio).  One of its joint
ventures also owns a sports club associated with its City Square
property in Phoenix, Arizona.  The Company's Property Portfolio
includes office buildings in Honolulu and Phoenix.  The Company is
the sole general partner of its Operating Partnership, Pacific
Office Properties, L.P.  The Company holds a long-term ground
leasehold interest in its Waterfront Plaza property.

Pacific Office incurred a net loss of $13.96 million in 2016
following a net loss of $14.26 million in 2015.  As of March 31,
2017, Pacific Office had $257.25 million in total assets, $402.24
million in total liabilities and a total deficit of $144.99
million.

Ernst & Young LLP, in Honolulu, Hawaii, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2016, citing that the Company expects that funds
from operations, including existing cash on hand, will be
insufficient to meet its working capital requirements and capital
and tenant improvements obligations which raise substantial doubt
about its ability to continue as a going concern.


QSL PORTAGE: Seeks Interim Approval to Access Cash Through July 16
------------------------------------------------------------------
QSL Portage, LLC, seeks authorization from the U.S. Bankruptcy
Court for the Northern District of Indiana to use the revenue
generated by its restaurant, some of which may be cash collateral,
on an interim basis through the week beginning on July 16, 2017 to
the extent necessary to operate the Debtor's business.

The Debtor requests a preliminary hearing at the Court's earliest
opportunity (preferably on June 29 or June 30) to consider entry of
the Cash Collateral Order on an interim basis to avoid immediate
and irreparable harm to the Debtor's estate pending a final
hearing.

The Debtor further requests that the Court schedule a final hearing
on the Motion during the week of July 16, 2017, to occur prior to
the end of the Interim Period. At the final hearing, the Debtor
will seek entry of a final order authorizing use of cash collateral
through the entire term of the Budget.

The Debtor requires the use of the purported cash collateral in
order to continue business  operations and to maintain and preserve
the going concern value of its assets pending a sale or plan of
reorganization. Accordingly, the Debtor requests authority to use
cash collateral in accordance with the provisions of the Cash
Collateral Order and the Budget to pay ongoing expenses incurred in
the ordinary course of its business and ongoing expenses associated
with the maintenance and preservation of its assets.

The Debtor asserts that without the ability to use cash collateral
to pay for expenses associated with its postpetition operations and
the maintenance and preservation of its assets, the going concern
value of the Debtor's assets will deteriorate significantly.

The Debtor relates that shortly before the Petition Date, the
Debtor's franchisor, QSL Franchise Systems LLC, wrongfully
terminated its franchise, thereby jeopardizing the Debtor's ability
to continue operating its business and the livelihood of the
Debtor's approximately 80 employees. As such, the Debtor filed this
case to preserve the going concern value of its business while the
Debtor explores a financial restructuring or sale through chapter
11.

The Debtor borrowed money from American Express Bank, FSB to
support its business operations. In return, the Debtor granted
American Express a security interest in substantially all of the
Debtor's assets including inventory. As of the Petition Date, the
Debtor owes American Express approximately $31,000.

In connection with the Debtor's prior inventory purchases, US
Foods, Inc. asserts a security interest in various assets of the
Debtor including inventory, however, the Debtor disputes liability
for any claims asserted by US Foods. The Debtor believes that its
inventory (consisting of various food, beverage and restaurant
supplies) was valued at approximately $15,000, as of the Petition
Date.

The Debtor purchases new inventory on a weekly basis, and thus, its
inventory regularly turns over as it is used and replenished in the
ordinary course of the restaurant business. The Debtor submits that
American Express and US Foods are adequately protected by the
ongoing replenishment of inventory and any cash collateral
generated by the Debtor's business.

Nevertheless, the Debtor proposes to provide adequate protection to
American Express and US Foods on account of their respective
alleged prepetition security interests by:

   (a) granting American Express and US Foods valid and perfected
replacement liens and security interests on all of the Debtor's
currently-owned or hereafter-acquired property and assets to the
extent there is a diminution in their respective prepetition
collateral interests; and

   (b) preserving American Express' and US Foods' rights to seek
superpriority administrative expense status to the extent that the
Debtor's adequate protection is insufficient.

A full-text copy of the Debtor's Motion, dated June 27, 2017, is
available at https://is.gd/L7dSWS

                        About QSL Portage

QSL Portage operates the Quaker Steak & Lube restaurant at 6245
Ameriplex Dr., Portage, IN since 2006.  QSL Portage filed a Chapter
11 petition (Bankr. N.D. Ind. Case No. 17-21799) on June 26, 2017.
Larry J. Briski, managing member, signed the petition.  The case is
assigned to Judge James R. Ahler.  The Debtor is represented by
Gordon E. Gouveia II, Esq., at Shaw Fishman Glantz & Towbin LLC.
At the time of filing, the Debtor estimated $100,000 to $500,000 in
assets and $1 million to $10 million in liabilities.


QUADRANGLE PROPERTIES: Zions Seeks to Prohibit Cash Collateral Use
------------------------------------------------------------------
ZB, N.A. d/b/a Zions First National Bank, asks the U.S. Bankruptcy
Court for the Southern District of Mississippi to prohibit
Quadrangle Properties, Inc., from using any cash collateral
securing the Debtor's loan obligations to Zions Bank, or
alternatively, conditioning such use on terms acceptable to Zions
Bank and the Court.

Zions Bank also requests that the Court order the Debtor to provide
an accounting of all postpetition rents owed and received, and
expenditures made.  In addition, Zions Bank requests that the Court
authorize Zions Bank to appropriate the insurance proceeds
currently held in trust to the debt owed, following payment of the
prepetition balance owed to Origin Bank.

Zions Bank argues that despite demand, and despite foreclosure
litigation initiated in the Chancery Court of Hinds County,
Mississippi, the Debtor has failed and refused to make payments
through the present time. As of the Petition Date, the Debtor owed
Zions Bank no less than $897,462 in principal, interest, penalties,
late fees, and other fees.

In conjunction such indebtedness, the Debtor executed a Deed of
Trust, and an Assignment of Rents, granting Zions Bank a first lien
on the real estate and its improvements, located at 5846 Ridgewood
Rd., Jackson, MS 39211, together with the rents, profits, proceeds,
and other items of collateral identified in the loan documents.

Zions Bank relates that the only source of income for the Debtor is
the rents paid by tenants at the Property -- these rents constitute
cash collateral.  Zions Bank believes that the Debtor is using this
cash collateral to fund ongoing operations.

Zions Bank also relates that in June, 2015, one of the buildings
comprising the Property was damaged by fire, however the Debtor has
failed and refused to repair the building, and it remains out of
use. Zions Bank believes that the tenants in that building stopped
paying rent following the damage to the building, thereby reducing
the Debtor's cash flow and income.

Zions Bank contends that after the fire, the Debtor received
insurance proceeds in the amount of $303,025 from Nationwide Mutual
Insurance Co., made payable to the Debtor, to Zions Bank, and to a
senior deed of trust holder, Community Trust Bank (n/k/a Origin
Bank), which is owed approximately $4,000, or less.

Although the Debtor initially refused to tender the insurance
proceeds to Zions Bank pursuant to Zions Bank's lien, Zion Bank
contends that the Debtor ultimately agreed to allow the proceeds to
be deposited into the trust account maintained by the counsel for
Zions Bank and his firm.  Such insurance proceeds remain in
counsel's trust account.

Zions Bank complains that the Debtor has not filed a motion or
otherwise sought the permission of the Court to use postpetition
rents for its continued operations.  As such, Zions Bank is
concerned that the Debtor has used and may be using its cash
collateral to pay ongoing expenses, wages, salaries, and other
costs of operation of the Debtor, without Zions Bank's consent,
without Court permission, and without proper accounting and
controls.

In addition, Zions Bank asserts that the insurance proceeds paid by
Nationwide constitute cash collateral securing the loan from Zions
to Debtor. Nevertheless, the Debtor has failed and refused to
acknowledge Zions Bank's lien on the insurance proceeds, and has
refused to consent payment of those proceeds to Zions Bank (after
satisfaction of the small balance owed to Origin Bank) in partial
satisfaction of the debt owed by the Debtor. The insurance proceeds
remain frozen in the trust account maintained by Zions Bank's
counsel.

Attorney for ZB, N.A., d/b/a Zions First National Bank:

          Chad J. Hammons, Esq.
          JONES WALKER LLP
          190 East Capitol Street, Suite 800
          Post Office Box 427 (39205-0427)
          Jackson, Mississippi 39201
          Telephone (601) 949-4765
          Telecopy (601) 949-4804
          E-mail: chammons@joneswalker.com

                   About Quadrangle Properties

Quadrangle Properties, Inc., headquartered in Jackson, Mississippi,
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
S.D. Miss. Case No. 17-01469) on April 18, 2017.  The petition was
signed by R. Don Williams, president.

The Debtor estimated assets of $1 million to $10 million and
liabilities of $500,000 to $1 million.

The Hon. Edward Ellington presides over the case.

Craig M. Geno, Esq., at the Law Offices of Craig M. Geno, PLLC,
serves as the Debtor's legal counsel.


QUANTEX LABORATORIES: Taps Kochanski as Counsel in Insurance Suit
-----------------------------------------------------------------
Quantex Laboratories, Inc. seeks approval from the U.S. Bankruptcy
Court for the District of New Jersey to employ Kochanski, Baron &
Galfy, P.C.

The firm will continue to represent the Debtor in a lawsuit against
Sentinel Insurance, and will continue to serve as its corporate
house counsel.

Kochanski will be paid $750 per week for its services as corporate
house counsel, and $2,000 per month, plus contingency fee as
litigation counsel for the Debtor in the Sentinel case.

Andrew Baron, Esq., managing partner at Kochanski, disclosed in a
court filing that he and his firm do not hold or represent any
interest adverse to the Debtor's estate.

The firm can be reached through:

     Andrew M. Baron, Esq.
     Kochanski, Baron & Galfy, P.C.
     1275 Westfield Avenue
     Rahway, NJ 07065
     Tel: (732) 382-7373
     Fax: (732) 382-5914
     Email: ambaron@kbglaw.net

                 About Quantex Laboratories Inc.

Quantex Laboratories, Inc. -- http://www.quantexlabs.com-- serves

the pharmaceutical, personal care products, medical device,
cosmetics and other life science companies.  The Debtor was founded
in 1992 and is based in Cranbury, New Jersey.  

The Debtor's GMP analytical services support product manufacturing,
formulation development, release testing, analytical chemistry,
analytical development, drug and biopharmaceutical development, CMC
support, stability storage, and drug delivery device testing, as
well as regulatory support for e-liquids.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D.N.J. Case No. 17-22754) on June 22, 2017.  James
Menoutis, chief executive officer, signed the petition.  

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


RAVENSTAR INVESTMENTS: Jensen Buying Reno Property for $460K
------------------------------------------------------------
Ravenstar Investments, LLC, asks the U.S. Bankruptcy Court for the
District of Nevada to authorize the sale of real property located
at 6281 Copper Ridge Circle, Reno, Nevada to Mandie Jensen
$460,000, subject to overbid.

A hearing on the Motion is set for July 26, 2017 at 2:00 p.m.

On Dec. 1, 2004, Hannelore Hoffman acquired ownership of the Copper
Ridge Property.  On April 22, 2005, she executed a promissory note
in favor of Countrywide Home Loans, Inc., with an original
principal balance of $580,000.

On April 28, 2005, a Deed of Trust was recorded against the Copper
Ridge Property, which secured the Countrywide Note.  Ms. Hoffman
failed to make the payment due on the Countrywide Note for Feb. 1,
2008, thereby defaulting on the Countrywide Note.  She has made no
payment since at least January 2008.

On June 18, 2008, Countrywide recorded a Notice of Default related
to the Countrywide Note in the Official Records of the Washoe
County Recorder, and pursuant to which the entire balance of the
Countrywide Note was accelerated and declared due on June 18, 2008.
On Nov. 3, 2009, it recorded a Notice of Sale in the Official
Records of the Washoe County Recorder, which set a sale date of
Nov. 23, 2009.  Countrywide never proceeded with that foreclosure
sale.

Thereafter, Countrywide filed no less than these six additional
notices of sale related to the Countrywide Deed of Trust:

    Date Recorded     Document No.   Foreclosure Sale Date
    -------------     ------------   ---------------------
       7/07/2009         3778996            7/27/2009
       6/10/2010         3890135            6/28/2010
       8/24/2010         3914864            9/10/2010
      11/19/2010         3944743           11/19/2010
       3/16/2011         3983780            4/04/2011
      11/08/2011         4057000           12/05/2011

On Oct. 30, 2013, Countrywide recorded an Assignment of Deed of
Trust, pursuant to which it assigned the Countrywide Deed of Trust
to Nationstar Mortgage, LLC.  Apparently, sometime thereafter,
Nationstar transferred the Contrywide Deed of Trust to US Bank,
N.A., as Trustee for Structured Adjustable Rate Mortgage Loan
Trust, Mortgage PassThrough Certificates, Series 2005-19XS.  On
June 8, 2017, Ms. Hoffman transferred all of his interest in the
Copper Ridge Property to the Debtor.  

On June 21, 2017, the Debtor received an all cash purchase offer of
$460,000 for the Copper Ridge Property from the Buyer.  The offer
is for a sale "as is" with no loan or appraisal contingencies, and
free and clear of all liens and claim.  On June 21, 2017, the
Debtor accepted the Buyer's offer.  The Parties entered into
Residential Offer and Acceptance Agreement.  The Purchase Agreement
provides for a July 31, 2017, deadline to close escrow on the
sale.

Any party interested in bidding on the purchase of the Subject
Properties must pre-qualify for bidding by providing proof of
available funds sufficient to complete the purchase of the Subject
Property.  In order to be a qualified bidder, proof of funds will
be provided to Counsel for the Debtor by no later than five days
before the hearing on the Motion.

As of the date the case was filed, no payment had been made on the
Countrywide Note by Ms. Hoffman for over nine and a half years.  As
of the date the case was filed, the Countrywide Deed of Trust
remains liens of record against the Copper Ridge Property.

The Debtor maintains that U.S. Bank has no claim in this case on
account of the Countrywide Note or Countrywide Deed of Trust
because: (i) the Countrywide Note is no longer enforceable under
the applicable Nevada statute of limitations; (ii) the Countrywide
Note has been paid in full by various sources, including loss
share/guaranty agreements, mortgage  insurance and other third
party payments; and (iii) Countrywide waived, discharged, forgave
and released all rights and claims under the Countrywide Note or
Countrywide Deed of Trust.  

The Debtor asks approval for the $460,000 in sales proceeds to be
disbursed and held to the following: (i) First Centennial Title Co.
- $5,500 for the estimated sellers costs of sale; (ii) Buyer's
Agent - $11,500; (iii) Darby Law Practice, Ltd. - $10,000, to be
held as retainer in trust and applied to fees and costs (all
subject to Court approval and disgorgement); and (iv) the Debtor -
$433,000, to be held pending further Court order/resolution of
objection to Wells Fargo claim.

The Debtor submits that the sale of the Copper Ridge Property is
fair, equitable and a sound business decision.  It further believes
the sale is in the best interests of the creditors and the estate
and that the estate would be prejudiced if the Debtor does not sell
to Jensen.  Accordingly, the Debtor asks the Court to approve the
relief sought.

The Debtor further asks the Court waives the 14-day stay under Fed.
R. Bankr. P. 6004(h), so the sale may close before July 27, 2017,
as required by the Purchase Agreement.

                   About Ravenstar Investments

Ravenstar Investments, LLC, owns fee simple interests in eight
properties located in Sun Valley and Reno, Nevada.  The Company
posted gross revenue from rental income of $38,960 for 2016 and
gross revenue from rental income of $45,210 for 2015.

Ravenstar Investments sought Chapter 11 protection (Bankr. D. Nev.
Case No. 17-50751) on June 15, 2017.  The Debtor disclosed $2.65
million in assets and $2.59 million in liabilities.  The Debtor
tapped Darby Law Practice, LTD., as counsel, with the engagement
headed by Kevin A. Darby, Esq., and Tricia M. Darby, Esq.


RAVENSTAR INVESTMENTS: Selling Tularosa Property for $625K
----------------------------------------------------------
Ravenstar Investments, LLC, asks the U.S. Bankruptcy Court for the
District of Nevada to authorize the sale of real property located
at 490 Tularosa Court, Reno, Nevada, to Lloyd Scott Clark and
Michelle Lee Ingram for $625,000, subject to overbid.

A hearing on the Motion is set for July 26, 2017 at 2:00 p.m.

On Feb. 9, 2005, Robb C. Kelley acquired ownership of the Tularosa
Property.  To finance his purchase of the Tularosa Property, on
Feb. 3, 2005, he executed a promissory note in favor of Alliance
Bancorp with an original principal balance of $848,200.  On Feb. 9,
2005, a Deed of Trust was recorded against the Tularosa Property,
which secured the Alliance Note.  Mr. Kelley failed to make the
payment due on the Alliance Note for May 1, 2008, thereby
defaulting on the Alliance Note.  He has made no payment since at
least April, 2008.

On Oct. 20, 2008, Alliance recorded a Notice of Default related to
the Alliance Note in the Official Records of the Washoe County
Recorder, and pursuant to which the entire balance of the Alliance
Note was accelerated and declared due on Oct. 20, 2008.  On Jan.
23, 2009, Alliance recorded a Notice of Sale in the Official
Records of the Washoe County Recorder, which set a sale date of
Feb. 11, 2009.  Alliance never proceeded with that foreclosure
sale.

On March 2, 2016, Reno Investment Group, LLC, an affiliate of the
Debtor, recorded a judgment against Mr. Kelley, pursuant to which a
$264,000 judgment against Mr. Kelley and in favor of RIG attached
to the Tularosa Property as a lien.  On April 14, 2017, Mr. Kelley
transferred all of his interest in the Tularosa Property to the
Debtor in exchange for a full release of the RIG Judgment and RIG
Lien.

On April 14, 2017, an individual named Herbert Miller filed a UCC-1
Financing Statement with the Washoe County Recorder, which purports
to be related to the Alliance Note.  On May 24, 2017, Wells Fargo
Bank, N.A. as Indenture Trustee for the Registered Holders of IMH
Assets Corp., Collateralized Asset-Backed Bonds, Series 2005-3,
recorded a Corporate Assignment of Deed of Trust, pursuant to which
it purportedly assigned the Alliance Deed of Trust to Wells Fargo
Bank, N.A., as Indenture Trustee for the IMPAC CMB Trust Series
2005-3.  This was over nine years after Mr. Kelley last made a
payment the Alliance Note.

The Tularosa Property has not been lived in for many years and
needs maintenance and repair work done.

On June 11, 2017, the Debtor received an all cash purchase offer
of $625,000 for the Tularosa Property from the Buyers.  The offer
is for a sale "as is" with no loan or appraisal contingencies, and
free and clear of all liens and claims.  On June 12, 2017, the
Debtor accepted the Buyers' offer.  The parties entered into
Residential Offer and Acceptance Agreement.  The Purchase Agreement
provides for a July 28, 2017, deadline to close escrow on the
sale.

Any party interested in bidding on the purchase of the Subject
Properties must pre-qualify for bidding by providing proof of
available funds sufficient to complete the purchase of the Subject
Property.  In order to be a qualified bidder, proof of funds will
be provided to Counsel for the Debtor by no later than five days
before the hearing on the Motion.

As of the date the case was filed, no payment had been made on the
Alliance Note by Mr. Kelley for over nine years.  As of the date
this case was filed, the Alliance Deed of Trust remains liens of
record against the Tularosa Property.

The Debtor maintains that neither Alliance, nor Wells Fargo, have a
claim in this case on account of the Alliance Note or Alliance Deed
of Trust because: (i) the Alliance Note is no longer enforceable
under the applicable Nevada statute of limitations; (ii) the
Alliance Note has been paid in full by various sources, including
loss share/guaranty agreements, mortgage insurance and other third
party payments; and (iii) Alliance waived, discharged, forgave and
released all rights and claims under the Alliance Note or Alliance
Deed of Trust.

The Debtor asks approval for the $625,000 in sales proceeds to be
disbursed and held to the following: (i) First Centennial Title Co.
- $6,375 for the estimated sellers costs of sale; (ii) Buyer's
Agent (at 2%) - $15,625; (iii) Darby Law Practice, Ltd. - $25,000,
to be held as retainer in trust and applied to fees and costs (all
subject to Court approval and disgorgement); and (iv) the Debtor -
$578,000, to be held pending further Court order/resolution of
objection to Wells Fargo claim.

A valid business purpose exists for approval of the transactions
contemplated.  Given the condition of the property, it believes the
purchase price of $625,000 maximizes the value of its assets.  The
Tularosa Property is not currently in rentable condition and would
require a substantial investment of capital to bring the property
to a rentable state.  The work required is beyond the Debtor's
normal business activities of owning and renting residential real
property.  Therefore, the Debtor has determined that it is in its
best business interest to sell the Tularosa Property.

The Debtor further asks the Court to waive the 14-day stay under
Fed. R. Bankr. P. 6004(h), so the sale may close before July 27,
2017, as required by the Purchase Agreement.

                   About Ravenstar Investments

Ravenstar Investments, LLC, owns fee simple interests in eight
properties located in Sun Valley and Reno, Nevada.  The Company
posted gross revenue from rental income of $38,960 for 2016 and
gross revenue from rental income of $45,210 for 2015.

Ravenstar Investments sought Chapter 11 protection (Bankr. D.
Nev. Case No. 17-50751) on June 15, 2017.  The Debtor disclosed
$2.65 million in assets and $2.59 million in liabilities.  The
Debtor tapped Darby Law Practice, LTD., as counsel, with the
engagement headed by Kevin A. Darby, Esq., and Tricia M. Darby,
Esq.


REMINGTON OUTDOOR: Moody's Lowers CFR to Caa2, Outlook Stable
-------------------------------------------------------------
Moody's Investors Service downgraded Remington Outdoor Company,
Inc.'s Corporate Family Rating to Caa2 from Caa1 and its
Probability of Default Rating to Caa2-PD from Caa1-PD. The rating
action is due to Moody's concern with Remington's weak operating
performance, and the view that the company's capital structure is
becoming unsustainable. The SGL2 Speculative Grade Liquidity Rating
was withdrawn. The rating outlook is stable.

"Despite Moody's expectations of a modest increase in revenue and
earnings next year, Moody's think debt/EBITDA will remain around 8
times," said Kevin Cassidy, Senior Credit Officer at Moody's
Investors Service. "Moody's feel that Remington's capital structure
is becoming unsustainable due to the uncertainty over its ability
to refinance debt that comes due in less than two years," noted
Cassidy. Revenue dropped almost 30% in Q1 2017 and EBITDA dropped
70%. "Moody's think revenue and earnings will continue falling in
Q2 2017 versus Q2 2016," said Cassidy. There is continuing
uncertainty about the timing of a recovery in the gun market.

Ratings downgraded:

Corporate Family Rating to Caa2 from Caa1;

Probability of Default Rating to Caa2-PD from Caa1-PD;

$580 million secured term loan due April 2019 to Caa1 (LGD 3) from
B3 (LGD 3);

$250 million secured notes due May 2020 to Caa3 (LGD 5) from Caa2
(LGD 5);

Rating withdrawn:

Speculative grade liquidity rating at SGL 2

RATINGS RATIONALE

Remington's Caa2 Corporate Family Rating reflects its significant
demand volatility, weak credit metrics with debt/EBITDA over 9
times, and modest size with revenue around $800 million. Concerns
over the sustainability of Remington's capital structure given its
high refinancing risk is factored into the rating. Remington's
narrow product focus in firearms, ammunition and related areas and
exposure to raw material commodity prices (i.e., copper and lead)
is also reflected in the rating. Moody's expects earnings to remain
under pressure and leverage to remain high. Ratings are constrained
by the longer term threat of increased gun regulations (beyond
three years). Ratings benefit from strong brand recognition with
such lines as Remington Arms and Bushmaster. Also beneficial is an
expanding base of firearm enthusiasts and solid market share.

The stable outlook reflects Moody's expectation that Remington's
credit profile will remain very weak in the year ahead.

Ratings could be downgraded if the company does not refinance its
debt obligations well before maturity or if the company pursues an
exchange offer that Moody's considers a distressed exchange, and
hence a default. If revenue and earnings don't stabilize within the
relatively near term, ratings could also be downgraded.

The company needs to materially improve its operating performance
and address its upcoming debt maturities before Moody's would
consider an upgrade.

The principal methodology used in this rating was that for the
Consumer Durables Industry published in April 2017.

Remington Outdoors is a supplier of firearms, ammunition and
related products with leading market positions across its major
product categories. Recognized brands include Remington, Marlin,
Bushmaster, and DPMS/Panther Arms, among others. Revenues are
approximately $800 million. The company is controlled by Cerberus
Capital Management.


RENNOVA HEALTH: Closes Offering of $1.9-Mil. Discount Debentures
----------------------------------------------------------------
Rennova Health, Inc. closed an offering of $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 offering was pursuant to the terms of the
previously announced Securities Purchase Agreement, dated as of
June 21, 2017, between the Company and certain existing
institutional investors of the Company.

The Purchase Agreement provides that, for a one-year period after
the closing date, the purchasers 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 are 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.

Holders of Warrants are prohibited from exercising those Warrants
for common stock if, as a result of such exercise, the holder,
together with its affiliates, would own more than 4.99% of the
total number of shares of common stock then issued and outstanding.
However, any holder may increase or decrease such percentage to
any other percentage not in excess of 9.99%, provided that any
increase in such percentage will not be effective until 61 days
after notice to the Company.

The Debentures are 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 issued under the Purchase Agreement
were 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.


ROCKPOINT GAS: Moody's Hikes Corporate Family Rating to B3
----------------------------------------------------------
Moody's Investors Service upgraded Rockpoint Gas Storage Canada
Ltd.'s Corporate Family Rating (CFR) to B3 from Caa1, the
Probability of Default Rating to B3-PD from Caa1-PD and the senior
unsecured notes rating to Caa1 from Caa2. The rating outlook was
changed to stable from positive.

"Rockpoint's upgrade reflects improved liquidity with the extension
of its secured revolving credit facilities and addition of an
unsecured revolver from its parent," said Paresh Chari, Moody's
AVP-Analyst.

Upgrades:

Issuer: Rockpoint Gas Storage Canada Ltd.

-- Probability of Default Rating, Upgraded to B3-PD from Caa1-PD

-- Corporate Family Rating, Upgraded to B3 from Caa1

-- Senior Unsecured Regular Bond/Debenture, Upgraded to
    Caa1(LGD5) from Caa2(LGD5)

Outlook Actions:

Issuer: Rockpoint Gas Storage Canada Ltd.

-- Outlook, Changed To Stable From Positive

RATINGS RATIONALE

Rockpoint's B3 Corporate Family Rating (CFR) is driven by the poor
earnings visibility beyond one year, weak leverage (debt to EBITDA
above 5x) and interest coverage (below 3x) expected by Moody's for
the fiscal year 2018 (ending March 31, 2018), and exposure to its
volatile natural gas price optimization business and short-term
storage business. The rating favorably recognizes the adequate
liquidity profile, the portion of revenue that comes from the
stable contracted long-term storage business and the strategic
importance of its AECO natural gas storage assets.

Rockpoint's liquidity is adequate for the next year. At March 31,
2017, Rockpoint had $36 million in cash and $95 million available,
after $2 million in letters of credit, under its $97 million
collateral limited borrowing base revolver (maximum authorized of
$230 million), which matures on December 17, 2018. Rockpoint also
had full availability under its $100 million unsecured revolver due
May 2019. Moody's expects positive free cash flow of about $30
million in fiscal year 2018. Moody's expects Rockpoint to be in
compliance with its revolving fixed charge covenant through this
period, which limits the ability to draw more than 87.5% of the
secured revolver borrowing base, and term loan financial covenant
(term loan leverage ratio of not more than 3x). Rockpoint's $150
million term loan and secured revolver are due December 2018 and
the $219 million senior unsecured notes are due April 2019.
Rockpoint has some non-core assets that could be sold.

In accordance with Moody's Loss Given Default methodology, the $219
million senior unsecured notes are rated Caa1, one notch below the
B3 CFR, because of the existence of the priority ranking senior
secured $150 million term loan and borrowing base revolving credit
facility. The unsecured revolver and promissory notes, all due to
Rockpoint's parent, are treated as equity due to their deeply
subordinated nature.

The stable outlook reflects Moody's expectation that debt to EBITDA
will remain around 5x through early 2018 and liquidity will remain
adequate.

The ratings could be upgraded if Rockpoint can materially increase
the proportion of EBITDA that comes from stable long-term storage
contracts while maintaining debt to EBITDA below 5x (4.4x at
3/31/2017) and adequate liquidity.

The ratings could be downgraded if liquidity weakened, EBITDA to
Interest remains below 1.5x (3.7x at 3/31/2017) or debt to EBITDA
approaches 8x.

Rockpoint is a Calgary, Alberta based, natural gas storage company
that owns 242 billion cubic feet (Bcf) of storage capacity in
depleted natural gas reservoirs, primarily in Alberta, but also in
California and Oklahoma. It is wholly-owned by Brookfield
Infrastructure Fund II GP LLC.

The principal methodology used in these ratings was Midstream
Energy published in May 2017.


S K TRANSPORT: Taps Caldwell & Riffee as Legal Counsel
------------------------------------------------------
S K Transport Inc. seeks approval from the U.S. Bankruptcy Court
for the Southern District of West Virginia to hire legal counsel in
connection with its Chapter 11 case.

The Debtor proposes to hire Caldwell & Riffee to, among other
things, give legal advice regarding its duties under the Bankruptcy
Code, and represent it in connection with restructuring long-term
obligations.

Caldwell & Riffee will charge an hourly fee of $300 for its
services.  The firm received a retainer in the sum of $10,000 from
the Debtor prior to its bankruptcy filing.

Joseph Caldwell, Esq., disclosed in a court filing that he and his
firm do not hold or represent any interest adverse to the Debtor's
estate or creditors.

The firm can be reached through:

     Joseph W. Caldwell, Esq.
     Caldwell & Riffee
     3818 MacCorkle Avenue, SE
     P.O. Box 4427
     Charleston, WV 25364
     Voice: (304) 925-2100
     Fax: (304) 925-2193
     Email: jcaldwell@caldwellandriffee.com

                    About S K Transport Inc.

S K Transport is a small business debtor as defined in 11 U.S.C.
Section 101(51D) that is engaged in the trucking business.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. S.D.W.V. Case No. 17-20298) on May 30, 2017.  Charles
Shannon, owner, signed the petition.  At the time of the filing,
the Debtor estimated its assets and debts at $1 million to $10
million.  

Judge Frank W. Volk presides over the case.


SEARCHMETRICS INC: Court Intends to Dismiss Bankruptcy Case
-----------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware on June 29,
2017, ruled that it intends to enter an order dismissing
Searchmetrics Inc.'s bankruptcy case.

Notwithstanding the pending dismissal of the bankruptcy case,
Searchmetrics Inc. will continue to operate in the ordinary course
of business and its parent, Searchmetrics GmbH, has informed us
that it will continue to support all of its employees and customers
in the ordinary course of business in the near term.

                     About Searchmetrics Inc.

Headquartered in San Mateo, California, Searchmetrics Inc. --
http://www.searchmetrics.com/-- a wholly owned subsidiary of
Searchmetrics GmbH, develops search analytics software solutions.
It offers Searchmetrics Suite, a SaaS solution that provides
companies with a view of the search engine optimization (SEO)
performance of their Websites, as well as the search strategies of
their competitors; and SEO consulting through its network of
partners.  The Company has over 100,000 users worldwide, many of
whom are respected brands like T-Mobile, eBay and Siemens.

Searchmetrics Inc. filed for Chapter 11 bankruptcy protection
(Bankr. D. Del. Case No. 17-11032) on May 8, 2017, estimating the
Debtor's assets between $1 million and $10 million and liabilities
between $10 million and $50 million.  

Judge Christopher S. Sontchi presides over the case.  The Debtor
hired Chipman Brown Cicero & Cole, LLP as lead bankruptcy counsel
and DLA Piper LLP (US) as litigation counsel.  Wayne Weitz,
managing director of EisnerAmper's Bankruptcy and Restructuring
Group, serves as chief restructuring officer.  He signed the
bankruptcy petition.


SEITEL INC: Moody's Revises Outlook to Stable & Affirms Caa2 CFR
----------------------------------------------------------------
Moody's Investors Service changed the ratings outlook for Seitel,
Inc. to stable from negative. The Caa2 Corporate Family Rating
(CFR), Caa2 rating on the notes due 2019 and SGL-3 Speculative
Grade Liquidity (SGL) rating were affirmed.

"Seitel's stable outlook reflects Moody's expectations that the
company's revenues will grow modestly in 2017 while it generates
positive free cash flow," commented James Wilkins, Moody's Vice
President.

Issuer: Seitel, Inc.

Ratings affirmed

-- Corporate Family Rating, affirmed at Caa2

-- Probability of Default Rating, affirmed at Caa2-PD

-- Speculative Grade Liquidity Rating, affirmed at SGL-3

-- Senior unsecured notes due 2019, affirmed at Caa2 (LGD4)

Outlook Actions:

-- Outlook, changed to Stable from Negative

RATINGS RATIONALE

The change to a stable outlook reflects Moody's expectations that
Seitel will modestly grow its cash EBITDA in 2017 and maintain
adequate liquidity despite uncertainty around the pace of the
recovery in demand for Seitel's seismic data services.

Seitel's Caa2 CFR reflects the company's weak operating performance
and the slow market for North American seismic data services. While
exploration and production activity in North America has increased
(Moody's expects E&P capital spending will grow 25%-30% in 2017
compared to 2016), it remains uncertain at what pace market
conditions for the North American seismic industry will improve.
The company's revenues have shown modest improvement from trough
levels seen in 2016 and Seitel has demonstrated that it is able to
generate small amounts of positive free cash flow during stressed
business conditions.

The ratings reflect Seitel's modest scale within the oilfield
services (OFS) industry, substantial debt levels considering the
highly cyclical nature of the demand for seismic services and
refinancing risks. The company benefits from its significant market
position as a seismic data provider in North America, strong
margins and flexible cost structure. Land drilling activity in
North America (the primary market served by Seitel) and demand for
seismic and related geophysical services remain well below peak
levels following the decline in business activity in 2015-2016
brought on by the drop in crude oil and natural gas prices.
Seitel's E&P customers have the flexibility to cut their spending
on seismic services for an extended period while focusing on
existing producing assets until crude oil and natural gas prices
rise to levels that support increased drilling activity, resulting
in substantial uncertainty regarding the company's financial
performance into 2018.

The ratings could be upgraded if Seitel were to refinance its notes
due April 2019 and underlying demand for seismic data shows
meaningful improvement, allowing Seitel to generate cash EBITDA
approaching $50 million and positive free cash flow on a sustained
basis. The ratings could be downgraded if cash EBITDA is expected
to weaken further, interest coverage falls below 1x on a sustained
basis, or if liquidity dropped below $30 million.

The principal methodology used in these ratings was Global Oilfield
Services Industry Rating Methodology published in May 2017.

Seitel, Inc., headquartered in Houston, Texas, is a provider of
seismic data and related geophysical services, which are used by
North American oil and gas companies to assist them in the
exploration and development of oil and gas reserves.


SENTINEL MANAGEMENT: 7th Cir. Questions New Clawback Bid v FCStone
------------------------------------------------------------------
Jessica Corso of Bankruptcy Law360 reports that Circuit Judge David
Hamilton of the U.S. Court of Appeals for the Seventh Circuit
questioned the lawyer of Sentinel Management Group's trustee why
the trustee is again attempting to claw back $14.5 million from
creditor FCStone LLC three years after the appellate court rejected
the same request.  The judge asked the trustee's lawyer to come up
with any precent that she could rely on, Law360 relates.

The case is Frederick Grede v. FCStone LLC, case number 16-1896, in
the U.S. Court of Appeals for the Seventh Circuit.

                     About Sentinel Management

Based in Northbrook, Illinois, Sentinel Management Group Inc. --
http://www.sentinelmgi.com/-- was a full service firm offering    

a variety of security solutions.  The Company filed a voluntary
Chapter 11 petition (Bankr. N.D. Ill. Case No. 07-14987) on
Aug. 17, 2007.  Ronald Barliant, Esq., Randall Klein, Esq., and
Kathryn A. Pamenter, Esq., at Goldberg, Kohn, Bell & Black
Rosenbloom & Moritz, Ltd., represented the Debtor.  Lawyers at
Quinn, Emanuel Urquhart Oliver & Hedges, LLP, represented the
Official Committee of Unsecured Creditors.  When the Debtor sought
bankruptcy protection, it estimated assets and debts of more than
$100 million.

On Aug. 28, 2007, the Court approved Frederick Grede as the
Debtor's Chapter 11 Trustee.  Marc I. Fenton, Esq., at DLA Piper
US LLP, and Vincent E. Lazar, Esq., at Jenner & Block LLP,
represent the Chapter 11 Trustee.

The Court confirmed the Fourth Amended Chapter 11 Plan of
Liquidation for Sentinel on Dec. 15, 2008, which created a
Liquidation Trust.  The Plan became effective Dec. 17, 2008, and
Mr. Grede was appointed Liquidation Trustee.


SHADRACH MESHACH: Wants Authorization to Access Cash Collateral
---------------------------------------------------------------
Shadrach, Meshach & Abednego, Inc., authorization from the U.S.
Bankruptcy Court for the Northern District of Alabama to use the
cash collateral to satisfy those expenses reasonable and necessary
to the operation and maintenance of Debtor's business as shown on
the Budget.

The Debtor submits a one-month budget showing total general and
administrative expenses of approximately $12,109.

The Debtor seeks to operate its business for a limited period of
time during which it intends on marketing and selling its core
business assets including its the goodwill to a potential buyer in
order to preserve the going concern value, thereby allowing the
Debtor to continue to operate post-confirmation.

Accordingly, the Debtor claims that it has an immediate need for
authority to use the cash collateral in its ongoing business
operations. The Debtor says that if it does not receive such
authority forthwith, it will have to close down without further
prospects of reorganization.

The Debtor proposes to strictly account for all income received and
used by it. All such income will be deposited into the Debtor in
Possession bank account which the Debtor has opened at Eva Bank.

The Debtor contends that, prepetition, it has entered into various
credit transactions with creditors.  Additionally, the Alabama
Department of Labor and the Alabama Department of Revenue (jointly
referred to as "the State of Alabama"), and the United States of
America, Internal Revenue have filed multiple liens against the
property owned by the Debtor.  The State of Alabama and the IRS
have as collateral for their debts a lien upon, among other items,
all of the Debtor's present and after acquired accounts and
accounts receivable.

Presently, the Debtor is unable to ascertain which entity's liens
has priority, however, the Debtor believes that the liens of the
State of Alabama and the IRS have priority over all other liens.

The Debtor's counsel represents that he emailed a copy of the
Motion to counsel for both the IRS and the State of Alabama.
Counsel for the IRS (Richard O'Neal) does not object to the Motion
being heard on an expedited basis, however, the Debtor's counsel
has not yet heard from Counsel for the State of Alabama.

The Debtor proposes to provide each properly perfected creditors
with perfected security interest in all future accounts and
accounts receivable of the Debtor (both pre-petition and
postpetition) and proceeds thereof to the extent and with the same
priority that the creditors held in the Debtor's pre-petition
accounts receivable, subject and subordinate only to the Carveout.


The Carveout means: (a) the unpaid fees of the Clerk of the
Bankruptcy Court and the Office of the United States Bankruptcy
Administrator and (b) the aggregate allowed unpaid fees and
expenses to any professional persons retained by an order of the
Court.

A full-text copy of the Debtor's Motion, dated June 27, 2017, is
available at https://is.gd/uKUwXf

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


              About Shadrach, Meshach & Abednego

Formerly known as Victory Sweepers, Inc., Shadrach, Meshach &
Abednego, Inc. is an industrial vacuum equipment supplier in
Madison, Alabama.  Founded in 2006 by Mark Schwarze, the company is
primarily in the sweeper manufacturing business.  Its first
product, introduced in 2007, was a twin-engine parking area sweeper
dubbed the 'Mark II.'

Shadrach, Meshach & Abednego sought Chapter 11 protection (Bankr.
N.D. Ala. Case No. 17-81731) on June 9, 2017, disclosing assets at
$984,170 and liabilities at $3.64 million.  The petition was signed
by Mark R. Schwarze, president.

Judge Clifton R. Jessup Jr. is assigned to the case.

The Debtor tapped Kevin D. Heard, Esq., at Heard, Ary & Dauro, LLC
as counsel.


SPECTRUM ALLIANCE: Taps Wouch Maloney as Accountant
---------------------------------------------------
Spectrum Alliance, LP seeks approval from the U.S. Bankruptcy Court
for the Eastern District of Pennsylvania to hire Wouch Maloney &
Co., LLP as its accountant.

The firm will assist the Debtor in the preparation of its corporate
tax filings for 2017.

The hourly rates charged by the firm are:

     Stephen Wouch                    $330      
     John Maloney                     $330
     Stephen Slade                    $240
     Jeffrey Helphrey                 $240
     Theodore Allavena                $175
     Other Professional Staff  $150 - $305

Stephen Wouch, a partner at Wouch Maloney, disclosed in a court
filing that no member of his firm holds any interest adverse to the
Debtor.

The firm can be reached through:

     Stephen W. Wouch
     Wouch Maloney & Co., LLP
     415 Sargon Way, Suite J
     Horsham, PA 19044
     Tel: (215) 675-8364
     Fax: (215) 675-3879

                   About Spectrum Alliance LP

Based in North Wales, Pennsylvania, Spectrum Alliance LP sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Pa.
Case No. 17-14250) on June 20, 2017.  James R. Wrigley, president,
signed the petition.  

At the time of the filing, the Debtor estimated its assets and
debts at $50 million to $100 million.  

Judge Jean K. FitzSimon presides over the case.  Jennifer E.
Cranston, Esq., at Ciardi Ciardi & Astin, P.C., represents the
Debtor as bankruptcy counsel.  The Debtor hired Bambach Enterprises
LLC as turnaround consultant and Griffin Financial Group, LLC as
investment banker.


SQUARE ONE: Can Use First Citrus' Cash Collateral Through July 17
-----------------------------------------------------------------
The Hon. Karen S. Jennemann of the U.S. Bankruptcy Court for the
Middle District of Florida has granted Square One Development, LLC,
and subsidiaries Square One The Villages, LLC, Square One
University, LLC, Square One Fort Myers, LLC, Square One Henderson,
LLC, Square One Brandon, LLC, and Square One Tyrone, LLC, interim
authorization to use First Citrus Bank's cash collateral through
July 17, 2017.

The Debtor is authorized to use cash collateral to pay: (a) amounts
expressly authorized by the Court, including payments to the U.S.
Trustee for quarterly fees; (b) the current and necessary expenses
set forth in the budget, plus an amount not to exceed 10% for each
line item; and (c) additional amounts as may be expressly approved
in writing by First Citrus.

First Citrus will have a perfected post-petition lien against cash
collateral to the same extent and with the same validity and
priority as the prepetition lien, without the need to file or
execute any documents as may otherwise be required under applicable
non-bankruptcy law.

The Debtor will maintain insurance coverage for its property in
accordance with the obligations under the loan and security
documents with First Citrus.

A copy of the Court Order is available at:
  
           http://bankrupt.com/misc/flmb17-03855-24.pdf

As reported by the Troubled Company Reporter on June 27, 2017, the
Debtors sought permission to use approximately $1,524,565 of First
Citrus' cash collateral.  As of the Petition Date, the Debtors owed
approximately $1.7 million on a loan from First Citrus.  The Loan
is secured by a blanket lien on the personal property of the
Debtors.  By virtue of its purported lien, First Citrus may assert
a first priority security interest in the Debtors' cash on hand and
funds to be received into their operating accounts during normal
operations.

                   About Square One Development

Headquartered in Tampa, Florida, Square One Development, LLC, is a
multi-member Florida limited liability company formed on April 6,
2010.  It owns a group of 12 related entities including eight
gourmet burger restaurants with operations in West Central
Florida.

Square One Development, LLC, filed for Chapter 11 bankruptcy
protection (Bankr. M.D. Fla. Case No. 17-03846) on June 9, 2017.
Affiliates Square One Winter Park, LLC, Square One Tamiami, LLC,
Square One University, LLC, Square One Fort Myers, LLC, Square One
Tampa Bay, LLC, Square One Henderson, LLC, Square One Brandon,
LLC,
Square One Tyrone, LLC (Case No. 17-03853), Square One The
Villages, LLC, Square One Gainesville, LLC, Square One Burgers
Prop
Co, LLC, and Square One Lakeland, LLC, also sought Chapter 11
protection.  The petitions were signed by William Milner, manager.

The Debtors continue to operate their businesses and manage their
properties as debtors-in-possession pursuant to Sections 1107 and
1108 of the Bankruptcy Code.

Square One Winter estimated its assets and liabilities between $1
million and $10 million.

R Scott Shuker, Esq., at Latham, Shuker, Eden & Beaudine, LLP,
serves as the Debtors' bankruptcy counsel.


SYDELL INC: Wants to Continue Using Cash Through December
---------------------------------------------------------
Sydell, Inc., d/b/a Spa Sydell, seeks authorization from the U.S.
Bankruptcy Court for the Northern District to use cash collateral
during the period from August through December 2017.

The Debtor requests that the Court enter a fourth Final Order
Authorizing the Use of Cash Collateral with the same operative
terms as the October 18, 2016 Order except for:

   (a) the carry forward of surpluses in prior budgets and payment
of Court approved professional compensation,

   (b) the extension of the expiration date from August 1, 2017 to
Jan. 1, 2018,

   (c) the attachment of the proposed Budget, and

   (d) the elimination of two paragraphs that reserved an
opportunity for creditors to object to the First and Second Cash
Collateral Orders for a limited period of time following entry
thereof.

The Debtor has prepared a proposed Budget for the period from Aug.
1, 2017 through Dec. 31, 2017, which shows total operating expenses
of $1,425,225.

The Court will hold a hearing on July 25, 2017 at 10:00 a.m. to
consider the continued use of cash collateral.

A full-text copy of the Debtor's Motion, dated June 24, 2017, is
available at https://is.gd/Fnk8ge

                       About Sydell, Inc.

Beauty spa operator Sydell, Inc., d/b/a SPA Sydell, first filed for
bankruptcy (Bankr. N.D. Ga. Case No. 09-83407) on Sept. 3, 2009.
The Debtor was represented by David G. Bisbee, Esq., at the Law
Office of David G. Bisbee.  The 2009 petition estimated assets and
liabilities at $1 million to $10 million at the time of the filing.
The Company emerged from Chapter 11 in 2012.

Sydell, Inc., again filed a chapter 11 petition (Bankr. N.D. Ga.
Case No. 16-64647) on Aug. 22, 2016, four years after emerging from
a prior bankruptcy case.  The petition was signed by Reina A.
Bermudez, chief executive officer and 100% owner of Sydell.   

In the new Chapter 11 case, Sydell, Inc., tapped John Michael
Levengood, Esq., at the Law Office of J. Michael Levengood, LLC as
counsel; and GGG Partners, LLC as financial consultants.  It also
hired Tanya Adrews Tate as its special bankruptcy counsel, and
Right on the Books Consultants, LLC as its accountants.  

The Debtor estimated assets and liabilities of $1 million to $10
million as of the bankruptcy filing.


TAKATA CORP: July 6 Meeting Set to Form Creditors' Panel
--------------------------------------------------------
Andy Vara, acting United States Trustee for Region 3, will hold an
organizational meeting on July 6, 2017, at 10:00 a.m. in the
bankruptcy case of TK Holdings, Inc.

The meeting will be held at:

                 The Doubletree Hotel
                 700 N. King Street
                 Wilmington, DE 19801

The sole purpose of the meeting will be to form a committee or
committees of unsecured creditors in the Debtors' case.

The organizational meeting is not the meeting of creditors pursuant
to Section 341 of the Bankruptcy Code.  A representative of the
Debtor, however, may attend the Organizational Meeting, and provide
background information regarding the bankruptcy cases.

To increase participation in the Chapter 11 proceeding, Section
1102 of the Bankruptcy Code requires that the United States Trustee
appoint a committee of unsecured creditors as soon as practicable.
The Committee ordinarily consists of the persons, willing to serve,
that hold the seven largest unsecured claims against the debtor of
the kinds represented on the committee.

Section 1103 of the Bankruptcy Code provides that the Committee may
consult with the debtor, investigate the debtor and its business
operations and participate in the formulation of a plan of
reorganization.  The Committee may also perform other services as
are in the interests of the unsecured creditors whom it
represents.

                     About Takata Corp

Japan-based Takata Corporation (TYO:7312) --
http://www.takata.com/en/-- develops, manufactures and sells
safety products for automobiles.  The Company offers seatbelts,
airbags, steering wheels, child seats and trim parts.
Headquartered in Tokyo, Japan, Takata operates 56 plants in 20
countries with approximately 46,000 global employees worldwide.
The Company has subsidiaries located in Japan, the United States,
Brazil, Germany, Thailand, Philippines, Romania, Singapore, Korea,
China and other countries.  

In May 1995, a voluntary recall in the U.S. affecting 8 million
predominantly Japanese built vehicles made from 1986 to 1991 with
seat belts manufactured by the Takata was conducted.  Large recalls
of vehicles due to faulty Takata-made airbags then began in 2013.

Takata is facing massive costs of recalling 100 million defective
airbag inflators worldwide and lawsuits tied to at least 16 deaths
and numerous injuries.

As of May 19, 2015, Takata has already recalled 40 million vehicles
across 12 vehicle brands for defective airbags.

In November 2015, Takata was fined $200 million by U.S. federal
regulators for mishandling the way it recalled its air bag
inflators.  The fine is the largest civil penalty in NHTSA
history.

After reaching a deal to sell all its global assets and operations
to Key Safety Systems (KSS) for US$1.588 billion, Takata and its
Japanese subsidiaries commenced proceedings under the Civil
Rehabilitation Act in Japan in the Tokyo District Court (the
"Tokyo
Court") on June 25, 2017.

In addition, on June 25, 2017, Takata's main U.S. subsidiary TK
Holdings Inc. and eleven of its U.S. and Mexican affiliates each
filed voluntary petitions under Chapter 11 of the Bankruptcy Code
in the United States Bankruptcy Court for the District of Delaware.
The Debtors have requested that their cases be jointly
administered under Case No. 17-11375.

Nagashima Ohno & Tsunematsu is the counsel in the Japanese
proceedings.  Weil, Gotshal & Manges LLP  and Richards, Layton &
Finger, P.A., are serving as counsel in the U.S. cases.
PricewaterhouseCoopers is serving as financial advisor, and Lazard
is serving as investment banker to Takata.  Ernst & Young LLP is
tax advisor.

Skadden, Arps, Slate, Meagher & Flom LLP is serving as legal
counsel, KPMG is serving as financial advisor, Jefferies LLC is
acting as lead financial advisor while UBS Investment Bank also
provides financial advice to KSS.  Prime Clerk is the claims and
noticing agent and maintains the case Web site
http://www.takata.com/


TARA RETAIL: Taps Thomas Fluharty as Conflicts Counsel
------------------------------------------------------
Tara Retail Group, LLC seeks approval from the U.S. Bankruptcy
Court for the Northern District of West Virginia to hire Thomas
Fluharty, Esq., as its conflicts counsel.

Mr. Fluharty will represent the Debtor in matters related to
Emerald Grande LLC, which operates the La Quinta Inn hotel adjacent
to the Elkview Crossings Shopping Mall owned by the Debtor.

In April this year, the Debtor obtained an order from the
bankruptcy court that allowed the construction of a new bridge to
restore public access to the shopping mall.  An issue was raised in
the Debtor's case as to whether Emerald is obligated to contribute
to the cost of restoring public access to the property.

According to the Debtor, the employment of Mr. Fluharty is
necessary given that its bankruptcy counsel, Kay, Casto & Chaney
PLLC, also serves as counsel to Emerald.  

As counsel to both companies, determining whether Emerald is
obligated to compensate the Debtor or whether the latter is
entitled to an administrative expense claim in Emerald's case may
create a conflict of interest for the law firm, according to the
Debtor.

The Debtor proposes to pay Mr. Fluharty an hourly fee of $325 for
his services.

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

Mr. Fluharty maintains an office at:

     Thomas Fluharty, Esq.
     408 Lee Avenue
     Clarksburg, WV 26301

                        About Tara Retail

Tara Retail Group, LLC, owns The Crossings Mall in Elkview, West
Virginia, which had tenants that included Kmart and Kroger.  The
Company is headed by businessman Bill Abruzzino.  The Crossings
Mall has been closed and inaccessible to the public since massive
floods swept through West Virginia on June 23, 2016.

On Dec. 23, 2016, U.S. District Judge Thomas Johnston appointed
Martin Perry, a managing director at Newmark Grubb Knight Frank's
Pittsburgh office, as receiver.

To stop a foreclosure sale of its shopping center, Tara Retail
Group, LLC, filed a Chapter 11 petition (Bankr. N.D. W.Va. Case
No. 17-00057) on Jan. 24, 2017.  The petition was signed by William
A. Abruzzino, managing member.  The case judge is the Hon. Patrick
M. Flatley.  The Debtor estimated assets and debt of $10 million to
$50 million.

Steven L. Thomas, Esq., at Kay, Casto & Chaney PLLC, is the
Debtor's bankruptcy counsel.  The Debtor tapped Woomer, Nistendirk
& Associates PLLC as its accountant.

On June 23, 2017, the Debtor filed a disclosure statement, which
explains its proposed Chapter 11 plan of reorganization.


TIDEWATER INC: Court Delays Plan Hearing by Nearly 3 Weeks
----------------------------------------------------------
Vince Sullivan, writing for Bankruptcy Law360, reports that the
Hon. Brendan L. Shannon of the U.S. Bankruptcy Court for the
District of Delaware has granted the request of official committee
of equity security holders of Tidewater, Inc., to delay by almost
three weeks the hearing to consider the confirmation of the
Debtor's plan of reorganization.  The attorneys for the Equity
Committee told Judge Shannon during a hearing in Wilmington that a
June 28 confirmation hearing would not give them enough time to
engage financial advisers, Law360 relates.

                      About Tidewater Inc.

Founded in 1955, Tidewater, Inc. (NYSE: TDW) is a publicly traded
international petroleum service company headquartered in New
Orleans, Louisiana, U.S.  It operates a fleet of ships, providing
vessels and marine services to the offshore petroleum industry.

Tidewater Inc. and its affiliates sought Chapter 11 bankruptcy
protection (Bankr. D. Del. Lead Case No. 17-11132) on May 17,
2017.  The petitions were signed by Bruce Lundstrom, executive vice
president, general counsel and secretary.

Tidewater, Inc., disclosed $4.31 billion in total assets and $2.34
billion in debt as of Dec. 31, 2016.

The Debtors tapped Weil, Gotshal & Manges LLP as counsel;
Richards, Layton & Finger, P.A., as co-counsel; Jones Walker LLP,
as corporate counsel; AlixPartners, LLP, as financial advisors;
Lazard Freres & Co. LLC, as investment banker; KPMG LLP, as
restructuring tax consultant; Deloitte & Touche LLP as auditor and
tax consultant; and Epiq Bankruptcy Solutions, LLC, as
administrative advisors, and claims and solicitation agent.

An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of Tidewater Inc. as of May 31,
according to a court docket.


TITAN CONSTRUCTION: Hearing on Plan Outline OK Set for July 20
--------------------------------------------------------------
The Hon. Robert N. Opel, II, of the U.S. Bankruptcy Court for the
Middle District of Pennsylvania will hold on July 20, 2017, at
10:00 a.m. a hearing to consider the approval of Titan Construction
& Maintenance, LLC's disclosure statement dated April 4, 2017.

Objections to the Disclosure Statement must be filed by July 17,
2017.

As reported by the Troubled Company Reporter on April 25, 2017, the
unsecured creditors will be paid in full under the Debtor's
proposed plan to exit Chapter 11 protection.  The restructuring
plan proposes to pay Class 5 unsecured creditors 100% of their
allowed claims, without interest, in six years.  Titan will make
quarterly payments to unsecured creditors, with a total payment per
year of $50,000.

             About Titan Construction & Maintenance

Formed on Nov. 22, 2005, Titan Construction & Maintenance LLC
operates commercial property maintenance and contracting business
in Harrisburg, Dauphin County, Pennsylvania.  The Debtor has four
full-time employees and two part-time employees, and taps
subcontractors for additional manpower for larger jobs.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. M.D. Pa. Case No. 17-01228) on March 29, 2017.  The
case is assigned to Judge Robert N. Opel, II.  The Debtor is
represented by Deborah A. Hughes, Esq., at Schiffman, Sheridan &
Brown P.C.

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


TONAWANDA AUTO: Can Use Cash Collateral Until July 12
-----------------------------------------------------
The Hon. Michael J. Kaplan of the U.S. Bankruptcy Court for the
Western District of New York has entered an interim order
authorizing Tonawanda Auto Sales & Service, Inc., to use cash
collateral in which NYS Department of Taxation and Finance,
Nextgear Capital, Inc., and KeyBank N.A. fka First Niagara Bank
have or claim a lien or security interests until July 12, 2017.

A final hearing on the Debtor's cash collateral use will be held on
July 12, 2017, at 10:00 a.m.

As interim adequate protection to the Secured Creditors, the
Secured Creditors are granted "rollover" replacement liens in
post-petition assets of the Debtor of the same relative priority
and on the same types and kinds of collateral as they possessed
pre-petition, as the same may ultimately be determined, to the
extent of cash collateral actually used, effective as of the date
of the filing of the case, without the necessity of any further
public filing or other recordation to perfect the liens or security
interests.

A copy of the court order is available at:

           http://bankrupt.com/misc/nywb17-10860-29.pdf

As reported by the Troubled Company Reporter on June 6, 2017, the
Court entered an interim order authorizing the Debtor to use the
cash collateral to continue operations of the Debtor as a going
concern.

              About Tonawanda Auto Sales & Service

Tonawanda Auto Sales & Service, Inc., is a privately-owned New York
State Limited Liability Company with its principal place of
business in Tonawanda, New York and its principal assets located in
Erie County.  The Company is in the business of operating an used
auto sales and service business and activities incidental thereto.

The Debtor, dba E&M Auto Sales, filed a Chapter 11 petition
(Bankr. W.D.N.Y. Case No. 17-10860) on April 27, 2017.  Eiad M.
Musleh, president, signed the petition.  The Debtor estimated
assets and liabilities of less than $500,000.  The case is assigned
to Judge Michael J. Kaplan.


TOWN SPORTS: HG Vora Has 31.8% Stake as of June 14
--------------------------------------------------
In a Schedule 13D filed with the Securities and Exchange
Commission, HG Vora Capital Management, LLC and Parag Vora
disclosed that as of June 14, 2017, they beneficially own
8,500,000 shares of common stock, par value $0.001 per share, of
Town Sports International Holdings, Inc., representing 31.8 percent
based upon Town Sport's 26,693,853 outstanding shares of Common
Stock as reported in the Issuer's Form 10-Q filed with the
Securities and Exchange Commission on April 26, 2017.

The 8,500,000 shares of Common Stock reported as being beneficially
owned by the Reporting Persons were acquired in the ordinary course
of business with working capital of the Fund set aside for the
general purpose of investing.  On June 14, 2017, the Reporting
Persons consummated private sales of an aggregate of 3,850,000
shares of Common Stock at $3.60 per share from certain entities
managed by Farallon Capital Management, L.L.C.

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

                    https://is.gd/7blFaX

                      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 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."


TRANSGENOMIC INC: Investor Waives Default & Extend Note Maturity
----------------------------------------------------------------
As previously disclosed on Jan. 6, 2017, Transgenomic, Inc.,
previously entered into a series of Unsecured Convertible
Promissory Notes with seven accredited investors in the principal
amount of $925,000.  Pursuant to the terms of the Notes, interest
accrues at a rate of 6% per year and is due and payable by the
Company on Dec. 31, 2016.  The Company also issued, to its
placement agent for the Notes, a convertible promissory note, upon
the same terms and conditions as the Notes, in an aggregate
principal amount equal to 5% of the proceeds received by the
Company, or $46,250.  The Notes are convertible into shares of the
Company's common stock at the option of the Investors and as of
Dec. 31, 2016, $400,000 of the aggregate principal amount of the
Notes, and accrued interest thereon, has been converted into an
aggregate of 281,023 shares of the Company's common stock.  On the
Maturity Date, the then outstanding aggregate amount owed on the
Notes and Agent Note of $638,016 ($571,250 in principal amount and
$66,766 of accrued interest) became due.  Pursuant to the terms of
the Notes, the Company's failure to pay any principal or interest
within 10 days of the date such payment is due will constitute an
event of default.  On Jan. 10, 2017, the Investors executed a
waiver of the Original Prospective Event of Default, pursuant to
which, the Investors agreed to waive the Original Prospective Event
of Default on the condition that the Company and the Investors
enter into definitive documentation evidencing the terms for an
extended Maturity Date of the Notes and the Agent Note on or before
Jan. 16, 2017.

As previously disclosed on Jan. 17, 2017, on Jan. 13, 2017, all but
one Investor exercised their conversion rights relating to their
respective Notes, including the Agent Note, and agreed to convert
an aggregate amount of $499,359 of principal and interest due under
the Notes and Agent Note into 416,133 shares of the Company's
common stock.  The Waiver Deadline has been extended with respect
to the remaining Investor who has not exercised conversion rights
so that the parties can continue to discuss a resolution of the
Original Prospective Event of Default relating to such
Non-Converting Investor's Note with an outstanding amount due of
$139,876 as of Jan. 13, 2017 ($125,000 in principal amount and
$14,876 of accrued interest).

As previously disclosed on Jan. 20, 2017, on Jan. 17, 2017, the
Non-Converting Investor agreed to extend the Maturity Date of its
Note pursuant to an amendment to the Note.  The Amendment provides
that two-thirds of the outstanding principal amount of the Note
must be paid upon the earlier to occur of the close of the
Company's merger with Precipio Diagnostics, LLC or June 16, 2017.
The remaining one-third of the principal amount outstanding on the
Note must be paid on the six month anniversary of the Original
Deferred Maturity Date.

On the applicable Original Deferred Maturity Date, all accrued and
unpaid interest on the Note as of the Original Deferred Maturity
Date will be converted into shares of the Company's common stock at
a conversion price based on the average closing price of Company
common stock on The NASDAQ Stock Market LLC for the 20 consecutive
trading days immediately preceding the date of conversion, but in
no event will the conversion price be less than $0.25 per share.
Interest that accrues on the remaining principal amount of the Note
from the Original Deferred Maturity Date will be payable on the
Original Extended Maturity Date, unless the Note is converted in
which case such interest will be payable in shares of the Company's
common stock as part of the conversion.

In exchange for extending the Original Maturity Date of the Note,
the Company agreed to issue to the Non-Converting Investor on the
applicable Original Deferred Maturity Date a warrant to purchase
shares of the Company's common stock having an aggregate value of
$6,250 with an exercise price to be determined as of the date of
issuance of the warrant based on the average closing price of
Company common stock on NASDAQ for the 20 consecutive trading days
immediately preceding the date of issuance of the warrant, subject
to the approval of NASDAQ if necessary.  The warrant will expire
two years from the date of issuance.

On the Original Deferred Maturity Date, the then outstanding
aggregate amount owed on the Notes of $143,041.10 ($125,000 in
principal amount and $18,041.10 of accrued interest) became due.
Pursuant to the terms of the Notes, the Company's failure to pay
any principal or interest within 10 days of the date such payment
is due will constitute an event of default.  On June 21, 2017, the
Non-Converting Investor agreed to waive the Prospective Event of
Default and agreed to further extend the Maturity Date of its Note
pursuant to a side letter to the Note.  The Side Letter provides
that two-thirds of the outstanding principal amount of the Note
must be paid upon the earlier to occur of (1) the closing of a
public offering by the Company of either common stock, convertible
preferred stock or convertible preferred notes or (2) Aug. 16,
2017.  The remaining one-third of the principal amount outstanding
on the Note must be paid on the six month anniversary of the
Deferred Maturity Date.  All accrued and unpaid interest on the
outstanding principal amount of the Note will be due and
immediately payable on the Extended Maturity Date, unless the Note
is converted in which case such interest will be payable in shares
of the Company's common stock as part of the conversion.

                     About Transgenomic

Transgenomic, Inc. -- http://www.transgenomic.com/-- is a global
biotechnology company advancing personalized medicine in oncology
and inherited diseases through advanced diagnostic technologies,
such as its revolutionary ICE COLD-PCR, which enables use of liquid
biopsies for mutation detection.  The company also provides
specialized clinical and research services to biopharmaceutical
companies developing targeted therapies.  Transgenomic's diagnostic
technologies are designed to improve medical diagnoses and patient
outcomes.

Transgenomic reported a net loss available to common stockholders
of $8 million on $1.55 million of net sales for the year ended Dec.
31, 2016, compared with a net loss available to common stockholders
of $34.27 million on $1.92 million of net sales for the year ended
Dec. 31, 2015.  As of March 31, 2017, Transgenomic had $1.22
million in total assets, $21.87 million in total liabilities and a
total stockholders' deficit of $20.64 million.

Marcum LLP, in Hartford, CT, issued a "going concern" qualification
on the consolidated financial statements for the year ended Dec.
31, 2016, stating that the Company has incurred operating losses
and used cash for operating activities for the past several years.
This raises substantial doubt about the Company's ability to
continue as a going concern.


TROXELL CO.: Sale of All Assets to MAC Trailer for $1.69M Approved
------------------------------------------------------------------
Judge Mark X. Mullin of the U.S. Bankruptcy Court for the Northern
District of Texas authorized Troxell Co., Inc.'s sale of
substantially all assets to MAC Trailer Realty, Inc., for
$1,691,341.

An expedited hearing on the Motion was conducted on June 22, 2017.

The sale is free and clear of all Claims, with all Claims to attach
to the net proceeds of the Sale Transaction, in the order of their
priority and with the same validity, force, and effect which they
now have against the Assets, subject to any claims and defenses the
Debtor and/or creditors may possess with respect thereto.

Upon closing of the Sale Transaction, the Debtor is immediately
authorized and ordered to disburse funds as follows: (i) Southside
Bank, the amount of $502,247; (ii) Heil Trailer International,
Inc., the amount of $800,000; (iii) Wise County (representing full
and final payment for all 2017 taxes), the amount of $18,772; (iv)
Northwest ISD (representing full and final payment for all 2017
taxes), the amount of $63,910; then, only after full and complete
payment of the described amounts to the aforementioned entities
(i)–(iv), to (v) any other secured lienholder, an amount
sufficient to satisfy such secured lienholder's secured claim in
full.  Disbursal of each respective amount will be deemed to
satisfy the respective secured party's secured claims in full.
Such disbursements must be made no later than three business days
after the Closing Date.  The Debtor is further authorized to
disburse $150,000 directly to its proposed chapter 11 counsel,
Forshey & Prostok LLP, as a postpetition retainer.

The Sale Order will take effect immediately and will not be stayed
pursuant to Bankruptcy Rule 6004(h), or otherwise, and the Debtor
may take any action authorized under the Sale Order immediately.

                      About Troxell Company  

Troxell Company Inc. -- http://www.troxellcompany.com/-- is an   
aluminum trailer manufacturer based in Texas.  The Company said it
operates in a modern new facility with the latest in
state-of-the-industry machinery and tooling equipped to handle the
most demanding jobs.

Troxell Company filed a Chapter 11 petition (Bankr. N.D. Tex. Case
No. 17-42453) on June 9, 2017.  Robert Troxell, president, signed
the petition.  At the time of filing, the Debtor estimated assets
and liabilities of $1 million to $10 million.  

The case is assigned to Judge Mark X. Mullin.  

The Debtor is represented by Matthias Kleinsasser, Esq., at
Forshey
& Prostok, L.L.P.


UNITED DISTRIBUTION: S&P Affirms 'CCC+' CCR; Outlook Negative
-------------------------------------------------------------
S&P Global Ratings affirmed its 'CCC+' corporate credit rating on
Bristol, Tenn.-based United Distribution Group Inc.  S&P also
revised its outlook to negative from stable.

At the same time, S&P affirmed its issue-level ratings on UDG's
first-lien revolving credit facility and term loan at 'B-' and
S&P's issue-level rating on its second-lien term loan at 'CCC-'.
The recovery ratings on the debt are unchanged at '2' and '6',
respectively.  The '2' recovery rating indicates S&P's expectation
for substantial (70% to 90%; rounded estimate: 75%) recovery in the
event of a payment default.  The '6' recovery rating indicates
S&P's expectation for negligible (0% to 10%; rounded estimate: 0%)
recovery in the event of a payment default.

"The negative outlook reflects our view that we could lower our
ratings on UDG by one notch in October 2017 if the company does not
have a viable plan in place to refinance its senior secured
first-lien term loan due October 2018, which would indicate
potential default," said S&P Global Ratings credit analyst Michael
Ohneck.

S&P's negative outlook incorporates UDG's significant refinancing
risks in the next 12-18 months.

S&P could lower its ratings on UDG by one notch to 'CCC' in the
next six months if S&P envisioned a near-term default scenario.
These scenarios include a near-term liquidity crisis, violation of
financial covenants, or a potential distressed exchange or
redemption in the next 12 months.  Specifically, S&P could lower
its ratings by one notch if UDG did not have a viable plan to
refinance its first lien term loan by October 2017.  S&P could also
lower its ratings if it believed that UDG would violate financial
covenants that could precipitate a liquidity shortfall.

S&P could revise its outlook back to stable over the next 12 months
if UDG were able to refinance its first-lien term loan due October
2018 in a manner in which S&P was confident that it would be able
to comply with all applicable financial covenants.



USI INC: S&P Puts 'B' CCR on CreditWatch Developing
---------------------------------------------------
S&P Global Ratings said it placed all of its ratings, including its
'B' long-term corporate credit rating, on USI Inc. on CreditWatch
with developing implications.

"The CreditWatch placement follows USI's announcement that it has
entered into a stock purchase agreement with Wells Fargo & Co. to
purchase Wells Fargo Insurances Services USA" said Joseph Marinucci
S&P Global Ratings credit analyst.  USI expects to fund the
acquisition with proceeds from an incremental term loan and
preferred stock, but details have not yet been disclosed.  The
acquisition is expected to close in fourth-quarter 2017.

Wells Fargo Insurance reported total adjusted revenues of
$638 million for the 12 months ended April 30, 2017.  The deal, if
consummated, could meaningfully bolster USI's scale in a still
highly fragmented insurance brokerage marketplace.  S&P expects USI
revenue to be about $1.1 billion for 2017 with adjusted EBITDA
margins of 28%-30%.

The CreditWatch placement also reflects the currently limited
information S&P has regarding the details of the transaction and
the resultant uncertainty about its effect on USI's business risk
profile, capital structure, cash flows, and credit-protection
measures.

USI recently completed a refinancing of its capital structure in
conjunction with an agreement with KKR & Co. L.P. and Caisse de
depot et placement du Québec (CDPQ), a Canadian pension fund that
gave the two entities a collective majority ownership stake in
USI.

S&P will continue to monitor developments related to this
transaction.  S&P expects to resolve the CreditWatch placement in
the coming months following a review of the Wells Fargo Insurances
Services, USI's integration plans, and USI's capital structure
supporting the acquisition.

S&P could raise our ratings if USI's credit metrics improves
relative to S&P's existing expectations of 7.5-8.0x debt to EBITDA
and 2.0x-2.5x EBITDA coverage pro forma for annualized acquisitions
closed.  Additionally, S&P's reassessment of the company's business
and competitive presence, given the additional size and scale,
could also provide positive ratings momentum.  On the other hand,
S&P could lower the ratings if USI's credit profile were to weaken
materially on a sustained basis in connection with deal-related
financing and integration risk.

S&P expects any potential rating movement in either direction to be
limited to one notch.


VALDERRAMA A/C: Taps Jayson & Frisby as Accountant
--------------------------------------------------
Valderrama A/C Refrigeration, Inc. seeks approval from the U.S.
Bankruptcy Court for the Southern District of Texas to hire an
accountant.

The Debtor proposes to hire Jayson & Frisby to, among other things,
prepare its monthly operating reports and income tax returns, and
assist in preparing its plan of reorganziation.

Michael Jayson, a certified public accountant, will charge an
hourly fee of $250.  The firm's associates will charge $125 per
hour.

Mr. Jayson disclosed in a court filing that he does not represent
any interest adverse to the Debtor or its estate.

Jayson & Frisby can be reached through:

     Michael P. Jayson
     Jayson & Frisby
     5901 Dolores St.
     Houston, TX 77057
     Phone: 713-789-0542
     Fax: 713-789-0543
     Email: info@jaysonandfrisby.com

                About Valderrama A/C Refrigeration

Valderrama A/C Refrigeration, Inc., designs and installs commercial
refrigeration systems serving clients throughout the Greater
Houston area for more than 28 years.

Valderrama A/C Refrigeration sought Chapter 11 protection (Bankr.
S.D. Tex. Case No. 17-32091) on April 4, 2017, estimating assets
and liabilities of $1 million to $10 million.  The petition was
signed by Dario Ciriaco, director. Judge Karen K. Brown is assigned
to the case.

The Debtor tapped William P Haddock, Esq., at Pendergraft & Simon
as lead bankruptcy counsel; and Anne K. Ritchie, Esq. as special
counsel.


VERDESIAN LIFE: Moody's Cuts CFR to Caa1; Outlook Negative
----------------------------------------------------------
Moody's Investors Service downgraded the corporate family rating of
Verdesian Life Sciences LLC to Caa1 from B3, the probability of
default rating to Caa1-PD from B3-PD and senior secured rating to
Caa1 from B3. The ratings outlook is negative. The downgrade
reflects Moody's expectations that weak demand for Verdesian's key
fertilizer enhancement products may negatively impact earnings and
cash flow in 2017, preventing the company from meaningfully
reducing leverage and stressing liquidity. High leverage and
approaching revolver maturity in 2019 also indicate increasing
refinancing risk, also supporting the downgrade.

Issuer: Verdesian Life Sciences LLC

Downgrades:

-- Corporate Family Rating, Downgraded to Caa1 from B3

-- Probability of Default Rating, Downgraded to Caa1-PD from B3-
    PD

-- Senior Secured Bank Credit Facilities, Downgraded to Caa1
    (LGD3) from B3 (LGD3)

Outlook Actions:

-- Outlook, Changed To Negative From Stable

RATINGS RATIONALE

Verdesian's Caa1 Corporate Family Rating (CFR) reflects the
company's limited scale, concentrated product portfolio, high
leverage and refinancing risk. Verdesian's debt/EBITDA as adjusted
by Moody's was above 8 times in the twelve months ended March 31,
2017 following a significant drop in revenue and earnings in 2016.
Sales fell in 2016 due to a slump in volume of nitrogen and
phosphate nutrient enhancers and higher discounts provided to
distributors as a result of a prolonged decline in commodity crop
prices and falling farmer incomes. While seed treatment and
micronutrient segment revenue improved in 2016, this did not offset
decline in the nutrient enhancing sector and sales declined further
in the first quarter of 2017. The company restructured its
operations in 2016, relocating production and consolidating
facilities, which should lower costs in 2017. However, weak demand
will likely persist in 2017. Although the company generated free
cash flow in 2016, and prepaid some debt in the second quarter of
2017 as it made excess cash flow payment, further decline in sales
and earnings will prevent meaningful deleveraging and may stress
liquidity and increase refinancing risk.

Verdesian has weak liquidity as the company typically carries low
cash balances, has limited availability on its revolver and faces
significant seasonal working capital swings. The company typically
builds inventory in the first calendar quarter and releases the
working capital in the fourth quarter. The company has to rely on
the $25 million revolver to fund its working capital needs but its
availability is constrained to $7.5 million due to a springing
first lien net leverage ratio of 3.3 times tested each quarter if
borrowings exceed that amount. The company will not be able to meet
the covenant test if triggered. In the first quarter of 2016, it
requested and received a waiver from its revolving lenders to avoid
breaching the covenant. The credit agreement allows for an equity
cure. Equity cures are limited to two quarters within a
four-quarter period and the number of equity cures are limited to
five. The amount that the owners would need to contribute to avoid
the breach is sizeable and therefore less likely. The revolver
expires on July 1, 2019. The term loan matures in 2020 and has
annual amortization payment of $10.85 million. The company made an
excess cash flow payment in the second quarter and does not have to
make any additional amortization payments the rest of the year. The
company also pays a quarterly management fee to the private equity
owner, Paine Schwartz Partners. The company also has a small
business in Europe that is held in a non-guarantor subsidiary
(Verdesian Life Sciences Europe Limited), which could be sold to
raise cash.

The negative outlook reflects Moody's expectations that volumes may
decline further due to weakness in the agricultural segment which
will prevent meaningful deleveraging.

Moody's would consider a downgrade if earnings and liquidity
deteriorate further. Additional debt-financed acquisitions, or
shareholder dividends could also have negative rating
implications.

Moody's could contemplate a ratings upgrade if the company
stabilizes its earnings and reduces leverage below 6 times on a
sustained basis and improves its liquidity.

The principal methodology used in these ratings was Global Chemical
Industry Rating Methodology published in December 2013.

Headquartered in Cary, North Carolina, Verdesian Life Sciences LLC
owns a portfolio of proprietary specialty plant health
technologies. Verdesian's products improve nitrogen and phosphorous
uptake in plants, resulting in better yields for farmers. The
company was formed in 2012 by the private equity sponsor, Paine
Schwartz Partners, as a platform to acquire plant health
technologies.


VERMILLION INC: Seven Directors Elected by Stockholders
-------------------------------------------------------
Vermillion, Inc. held its 2017 annual meeting of stockholders
on June 21, 2017, at which the stockholders:

   (1) elected James S. Burns, Veronica G.H. Jordan, Ph.D.,
       James T. LaFrance, Valerie B. Palmieri, David R. Schreiber,
       Carl Severinghaus and Eric Varma, M.D. to the Board of
       Directors, each to serve for a one-year term expiring at
       the 2018 annual meeting of stockholders and until his or
       her successor is elected and qualified;

   (2) approved, on an advisory basis, the compensation of the
       Company's named executive officers as disclosed in the
       Company's definitive proxy statement relating to the Annual
       Meeting;

   (3) approved a one year frequency of future advisory votes to
       approve the compensation of the Company's named executive
       officers; and

   (4) ratified the selection of BDO USA, LLP as the Company's
       independent registered public accounting firm for the year
       ending Dec. 31, 2017.

In accordance with the results of this vote, the Board of Directors
of the Company determined to implement an advisory vote to approve
the compensation of the Company's named executive officers every
year until the next required vote on the frequency of advisory
votes on executive compensation.  The Company is required to hold
such a vote on frequency every six years.

As of the close of business on the record date for the Annual
Meeting, there were 56,089,245 shares of Company common stock, par
value $0.001 per share, issued and outstanding and entitled to
vote.  There were 44,437,407 shares present in person or by proxy
at the Annual Meeting, constituting a quorum.

                        About Vermillion

Vermillion, Inc., is dedicated to the discovery, development and
commercialization of novel high-value diagnostic tests that help
physicians diagnose, treat and improve outcomes for patients.
Vermillion, along with its prestigious scientific collaborators,
has diagnostic programs in oncology, hematology, cardiology and
women's health.

Vermillion, Inc., filed for Chapter 11 bankruptcy protection
(Bankr. D. Del. Case No. 09-11091) on March 30, 2009.  Vermillion's
legal advisor in connection with its successful reorganization
efforts wass Paul, Hastings, Janofsky & Walker LLP.   

Vermillion emerged from bankruptcy in January 2010.  The Plan
called for the Company to pay all claims in full and equity holders
to retain control of the Company.

Vermillion reported a net loss of $14.96 million on $2.64 million
of total revenue for the year ended Dec. 31, 2016, compared to a
net loss of $19.11 million on $2.17 million of total revenue for
the year ended Dec. 31, 2015.  As of March 31, 2017, Vermillion had
$10.44 million in total assets, $3.90 million in total liabilities
and $6.53 million in total stockholders' equity.


VESCO CONSULTING: Wants to Use Cash Collateral Until December 2017
------------------------------------------------------------------
Vesco Consulting Services, LLC, filed with the U.S. Bankruptcy
Court for the District of Colorado a stipulated motion to continue
using cash collateral of Points West Community Bank and Colorado
Department of Revenue and providing adequate protection to the
Secured Creditors for the period between July 2017 and December
2017.

If adjudication of this motion passes June 30, 2017, Points West
consents to the Debtor's use of cash collateral, nunc pro tunc to
July 1, 2017, while this motion is pending.

As reported by the Troubled Company Reporter on Jan. 16, 2017, the
Court authorized the Debtor to use cash collateral through June 30,
2017.  In order to provide adequate protection for the Debtor's use
of cash collateral to Points West, the Debtor will, among others
provide a replacement lien on all post-petition accounts and
inventory only to the extent that the use of the cash collateral
results in a decrease in the value of the collateral.  In order to
provide adequate protection for the Debtor's use of cash collateral
to the Colorado Department of Revenue, the Debtor will, among
others, transmit two equal adequate protection payments to CDOR, on
account of pre-petition trust fund taxes collected by Debtor but
not remitted to CDOR, each payment in the amount of $5,337, with
one payment due by Jan. 31, 2017, and one payment due by Feb. 28,
2017.

The Debtor plans to continue operation of its business throughout
the Chapter 11 case in which Points West and CDOR claim an
interest.  In order to pay necessary operating expenses, the Debtor
must continue to use cash collateral.

The Debtor seeks authority to continue to use of cash collateral
and provide adequate protection to Points West and CDOR as set
forth in the cash collateral court order, as supplemented by (i)
the six-month period commencing July 1, 2017; and (ii) the motion
to amend and order on same.

A copy of the Debtor's request is available at:

         http://bankrupt.com/misc/cob16-21351-165.pdf

               About VESCO Consulting Services

VESCO Consulting Services, LLC, leases properties to mine
construction aggregates (sand and gravel) and sells and delivers
the material to its customers, which are typically concrete and
asphalt producers as well as oil and gas construction companies.
The Debtor also engages in trucking activities, construction,
custom crushing, and mine reclamation.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. Colo. Case No. 16-21351) on Nov. 19, 2016.  The
petition was signed by Michael Miller, president.  The case is
assigned to Judge Elizabeth E. Brown.  At the time of the filing,
the Debtor estimated its assets and liabilities at $1 million to
$10 million.

The Debtor is represented by Kevin S. Neiman, Esq., at the Law
Offices of Kevin S. Neiman, PC.

An official committee of unsecured creditors has not been appointed
in the Chapter 11 case of VESCO Consulting Services.


VISION QUEST: Voluntary Chapter 11 Case Summary
-----------------------------------------------
Debtor: Vision Quest Lighting, Inc.
           dba E-Quest Lighting
        90 13 Avenue, Unit 1
        Ronkonkoma, NY 11779

Business Description: Founded Larry Lieberman, Vision Quest
                      Lighting -- http://www.vql.com-- is a
                      custom lighting manufacturer in the United
                      States with a client base that includes  
                      hotel and hospitality, national retail
                      account brands, corporate offices and
                      high-end residential projects.

                      Starting as an engineering company
                      specializing in theatrical lighting in 1996,
                      VQL created unique lighting effects that are
                      still used today all over the world.  In
                      2005 VQL expanded its services into
                      architectural lighting and has since
                      expanded from a small engineering office to
                      a twenty thousand square foot manufacturing
                      facility on Long Island in New York.

Chapter 11 Petition Date: June 28, 2017

Case No.: 17-73967

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

Judge: Hon. Louis A. Scarcella

Debtor's Counsel: Ronald J Friedman, Esq.
                  SILVERMANACAMPORA LLP
                  100 Jericho Quadrangle, Suite 300
                  Jericho, NY 11753
                  Tel: 516 479-6300
                  E-mail: efilings@spallp.com

                    - and -

                  Brian Powers, Esq.
                  SILVERMANACAMPORA LLP
                  100 Jericho Quadrangle, Suite 300
                  Jericho, NY 11753
                  Tel: 516 479 6300
                  Fax: 516 479 6301
                  E-mail: bpowers@silvermanacampora.com

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Lawrence Lieberman, president.

The Debtor failed to include a list of its 20 largest unsecured
creditors at the time of the filing.

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

          http://bankrupt.com/misc/nysb17-73967.pdf


VMF INC: Wants 120-Day Extension For Exclusive Plan Filing
----------------------------------------------------------
VMF, Inc., asks the U.S. Bankruptcy Court for the Middle District
of Pennsylvania to extend for an additional 120 days the exclusive
periods for the Debtor to file a plan of reorganization and obtain
confirmation of the plan.

The 120-day period during which only the Debtors may file a Plan
will expire on July 21, 2017.  The Debtor also currently has a
180-day period for obtaining confirmation of the plan.

The Debtor filed a disclosure statement and plan on June 19, 2017.
The hearing for consideration of the disclosure statement is set
for Aug. 10, 2017, which is after the exclusivity period expires.

Because the Debtor already has a disclosure statement and plan
pending, the Debtor requests extension of the exclusivity period.
It is believed by the Debtor that an extension of 120 days will be
sufficient to permit the Debtor to complete and obtain confirmation
of the plan, though the Debtor requests that the extension be
without prejudice to allow the Debtor to seek additional extensions
if circumstances warrant.

                        About VMF Inc.

VMF, Inc., sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. M.D. Pa. Case No. 17-01128) on March 23, 2017.  The
case is assigned to Judge John J. Thomas.

John H. Doran, Esq., and Lisa M. Doran, Esq., at Doran & Doran,
P.C., serve as the Debtor's bankruptcy counsel.

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


WARWICK YARD: Case Summary & 11 Unsecured Creditors
---------------------------------------------------
Debtor: The Warwick Yard LLC
        120 State School Road
        Warwick, NY 10990

Business Description: The Warwick Yard is a New York limited
                      liability company which operates a
                      sports complex which has open fields and
                      covered dome field for rent to sports
                      teams and charges on a per use basis.
                      The Debtor's only asset is the real
                      property located at 120 State School
                      Road, Warwick, New York 10990 which is
                      valued at approximately $5 million.
                      The Debtor's only secured creditor is
                      Warwick Valley DLA, LLC in the amount of
                      $1.7 million.

Chapter 11 Petition Date: June 28, 2017

Case No.: 17-36103

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

Judge: Hon. Cecelia G. Morris

Debtor's Counsel: Brian K. Condon, Esq.
                  CONDON & ASSOCIATES, PLLC
                  55 Old Turnpike Road, Suite 502
                  Nanuet, NY 10954
                  Tel: 845-627-8500
                  Fax: 845-627-8507
                  E-mail: brian@condonlawoffices.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Mark Goldstein, member/manager.

The Debtor's of 11 unsecured creditors is available for free at
http://bankrupt.com/misc/nysb17-36103.pdf


WEATHERFORD INTERNATIONAL: Offering $250 Million of Senior Notes
----------------------------------------------------------------
Weatherford International plc announced the launch of a private
offering of an additional $250 million aggregate principal amount
of its 9.875% senior notes due 2024 to qualified institutional
buyers pursuant to Rule 144A under the Securities Act of 1933, as
amended, and to certain non-U.S. persons in accordance with
Regulation S under the Securities Act.  The New Notes will be
senior, unsecured obligations of Weatherford International Ltd., a
Bermuda exempted company and indirect, wholly owned subsidiary of
the Company.  The New Notes will be fully and unconditionally
guaranteed, on a senior, unsecured basis, by the Company and by
Weatherford International, LLC, a Delaware limited liability
company and indirect subsidiary of Weatherford Bermuda.
The New Notes will be issued as additional securities under an
indenture pursuant to which Weatherford Bermuda previously issued
$540 million aggregate principal amount of its 9.875% senior notes
due 2024.  The New Notes will have identical terms, other than the
issue date, as the Initial Notes, and the New Notes and the Initial
Notes will be treated as a single class of securities under the
indenture governing the Notes.

The purpose of the Offering is to repay amounts outstanding under
the Company's revolving credit facility, give the Company
additional liquidity throughout 2017, and provide assurance it will
comply with the financial covenants set forth in its senior
revolving and term loan credit facilities.

The New Notes will not be registered under the Securities Act or
any state securities laws and may not be offered or sold in the
United States absent registration or an applicable exemption from
such registration requirements.

                Errors Found in Quarterly Report

In June 2017, the Company identified an immaterial error, with no
cash flow impact, of approximately $28 million, net, related to the
recognition of revenue with a customer, Petroleos de Venezuela,
S.A. in its previously reported 2016 Annual Report on Form 10-K and
Quarterly Reports on Form 10-Q for the periods ended Sept. 30,
2016, and March 31, 2017.  The Company has concluded that beginning
in the third quarter of 2016, the duration of time expected to
collect revenue earned with PDVSA significantly exceeds the
contractual payment terms and represents an implied financing
arrangement.  This has required the Company to recognize revenue at
a discount reflecting the time value of money and accrete the
discount as interest income over the expected collection period
using the effective interest method.

This immaterial error resulted in the overstatement of both
accounts receivable and revenue of approximately $22 million and
$23 million, respectively, as of and for the year ended Dec. 31,
2016, and $6 million and $8 million, respectively, as of and for
the three-month period ended March 31, 2017.

In connection with this development, the Company will correct this
immaterial error in its Quarterly Report on Form 10-Q for the three
and six month periods ended June 30, 2017.  The impact of the
correction will decrease revenue and increase interest income by
approximately $31 million and $3 million, respectively, for the
three and six month periods ended June 30, 2017, and reduce
accounts receivable by approximately $28 million as of June 30,
2017.  

The impact of this error, had it been recorded in the prior
periods, would have no impact on the Company's previously reported
compliance with financial covenants under its senior revolving and
term loan credit facilities.  There is also no impact to cash flow
from operating activities or any other cash flow measures.

                       About Weatherford

Ireland-based Weatherford International plc (NYSE: WFT) --
http://www.weatherford.com/-- is a multinational oilfield service
company providing innovative solutions, technology and services to
the oil and gas industry.  The Company operates in over 90
countries and has a network of approximately 880 locations,
including manufacturing, service, research and development, and
training facilities and employs approximately 29,500 people.

Weatherford International reported a net loss attributable to the
Company of $3.39 billion on $5.74 billion of total revenues for the
year ended Dec. 31, 2016, compared to a net loss attributable to
the Company of $1.98 billion on $9.43 billion of total revenues for
the year ended Dec. 31, 2015.  As of March 31, 2017, Weatherford
had $12.16 billion in total assets, $10.47 billion in total
liabilities and $1.69 billion in total shareholders' equity.

                         *     *     *

In November 2016, Fitch Ratings has downgraded the ratings for
Weatherford and its subsidiaries, including the companies'
Long-Term Issuer Default Ratings (IDRs) to 'CCC' from 'B+'.

In November 2016, S&P Global Ratings lowered its corporate credit
rating on Weatherford International to 'B+' from 'BB-'.  "The
downgrade reflects our revised free operating cash flow estimates
for Weatherford following weaker-than-anticipated cash inflows in
the third quarter," said S&P Global Ratings credit analyst Carin
Dehne-Kiley.


WELLNESS HOME: May Use Cash Collateral Through July 12
------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Illinois has
authorized Wellness Home Care Inc. to use cash collateral through
July 12, 2017.

A final hearing to consider the use of cash collateral is set for
July 5, 2017, at 10:00 a.m.

The Debtor currently has cash totaling approximately $92,000, and
accounts receivable valued at approximately $212,479.78.  The cash
has been frozen in the Debtor's account at JPMorgan Chase Bank,
N.A., pursuant to a post-judgment attachment purportedly served
upon the Bank by Yellowstone Capital LLC pursuant to a purported
confession of judgment entered in favor of YSC against the Debtor
on May 12, 2017, in the amount of $14,449.58.  The Debtor asserts
that the attachment is voidable pursuant to Section 547 of the U.S.
Bankruptcy Code; and that nevertheless, the Debtor is prepared to
offer adequate protection to YSC and other creditors who may be
asserting an interest in the Debtor's cash collateral including
said bank account.

In order for the Debtor to continue to operate its business, and
effectuate an effective reorganization, it is essential that the
Debtor be authorized to use cash collateral for, among other
things: payroll, insurance, utilities, postage, rent, purchases of
supplies and materials, and other miscellaneous items needed in the
ordinary course of business.

The Debtor proposes, subject to the approval of the Court, to use
cash collateral in which the secured parties assert interests; and
the Debtor's proposal will permit the Debtor to sustain its
business operations and rehabilitate its financial affairs through
the implementation of a successful plan of reorganization.  The
Debtor's proposal will adequately protect the purported secured
interests of the secured parties.

Unless the Debtor is authorized to use cash collateral, the Debtor
will be unable to continue to operate, thereby eliminating any
reasonable prospect for a successful reorganization.  The cessation
of normal business operations by the Debtor will cause irreparable
harm to the Debtor, its patients, its creditors and this estate.

The Debtor proposes to use cash collateral and provide adequate
protection upon the following terms and conditions:

     a. the Debtor will permit the secured parties to inspect,
        upon reasonable notice, within reasonable hours, the
        Debtor's books and records;

     b. the Debtor will maintain and pay premiums for insurance to

        cover all of its assets from fire, theft and water damage;

     c. the Debtor will, upon reasonable request, make available
        to the secured parties evidence of that which purportedly
        constitute their collateral or proceeds;

     d. the secured parties will be granted valid, perfected,
        enforceable, security interests in and to Debtor's post-
        petition assets which are now or hereafter become property

        of this estate, to the extent of their alleged pro-
        petition liens, if valid; and

     e. the Debtor will execute any documents that may be
        reasonably required by the secured parties to evidence the

        post-petition liens granted.

A copy of the court order is available at:

           http://bankrupt.com/misc/ilnb17-17855-9.pdf

Headquartered in Oak Lawn, Illinois, Wellness Home Care Inc. is a
medicare-certified provider of home care services to over 300
seniors annually.

The Debtor filed for Chapter 11 bankruptcy protection (Bankr. N.D.
Ill. Case No. 17-17855) on June 12, 2017, estimating its assets at
up to $50,000 and its liabilities at between $500,001 and $1
million.  John H. Redfield, Esq., at Crane, Heyman, Simon, Welch &
Clar serves as the Debtor's bankruptcy counsel.


WERTHAN PACKAGING: Hearing on Plan Outline Set for July 25
----------------------------------------------------------
The Hon. Randal S. Mashburn of the U.S. Bankruptcy Court for the
Middle District of Tennessee will hold on July 25, 2017, at 9:00
a.m. (Central Time) a hearing to consider the approval of
disclosure statement Werthan Packaging, Inc., and the Official
Committee of Unsecured Creditors filed on June 12, 2017, referring
to the joint Chapter 11 plan for the Debtor dated June 12, 2017.

Objections to the Disclosure Statement must be filed by July 18,
2017.

                    About Werthan Packaging

Werthan Packaging, Inc., based in White House, Tennessee, is a
supplier of multiwall paper packaging for the pet food industry.
Werthan Packaging filed a Chapter 11 petition (Bankr. M.D. Tenn.
Court Case No. 16-08624), on Dec. 4, 2016.  The Debtor is
represented by Paul G. Jennings, Esq., and Gene L. Humphreys, Esq.,
at Bass, Berry & Sims PLC of Nashville, Tennessee.  On Dec. 8,
2016, the Office of the U.S. Trustee appointed an official
committee of unsecured creditors.


WESTINGHOUSE ELECTRIC: Asset Sale Could be Reviewed by CFIUS
------------------------------------------------------------
Alex Wolf, writing for Bankruptcy Law360, reports that acting U.S.
attorney Joon H. Kim wrote a letter to the New York bankruptcy
court stating that sale transactions of Westinghouse Electric Co.
LLC's assets to foreign entities could be subjected to a review by
U.S. officials in the Committee of Foreign Investment in the United
States and ultimately rejected by President Donald Trump.

Such a review by the CFIUS could affect the timing and terms of the
transactions and its ability to be completed, Atty. Kim stated,
Law360 relays.

             About Westinghouse Electric Company

Westinghouse Electric Company LLC --
http://www.westinghousenuclear.com/-- is a U.S. based nuclear    
power company founded in 1999 that provides design work and
start-up help for new nuclear power plants and makes many of the
components. Westinghouse manufactures and supplies the commercial
fuel products needed to run the plants, and it offers training,
engineering, maintenance, and quality management services. Almost
50% of nuclear power plants around the world and about 60% of U.S.
plants are based on Westinghouse's technology. Westinghouse's
world headquarters are located in the Pittsburgh suburb of
Cranberry Township, Pennsylvania.

On Oct. 16, 2006, Westinghouse Electric was sold for $5.4 billion
to a group comprising of Toshiba (77% share), partners The Shaw
Group (20% share), and Ishikawajima-Harima Heavy Industries Co.
Ltd. (3% share).  After purchasing part of Shaw's stake in 2013,
Japan-based conglomerate Toshiba obtained ownership of 87% of
Westinghouse.

Amid cost overruns at U.S. nuclear reactors it was building,
Westinghouse Electric Company LLC, along with 29 affiliates, filed
voluntary petitions for relief under Chapter 11 of the United
States Bankruptcy Code (Bankr. S.D.N.Y. Case No. 17-10751) on
March 29, 2017. The petitions were signed by AlixPartners' Lisa J.
Donahue, chief transition and development officer.

The Debtors listed total assets of $4.32 billion and total
liabilities of $9.39 billion as of Feb. 28, 2017.

The Hon. Michael E. Wiles presides over the cases.

Weil, Gotshal & Manges LLP serves as counsel to the Debtors. The
Debtors hired AlixPartners LLP as financial advisor; PJT Partners
Inc. as investment banker; Kurtzman Carson Consultants LLC as
claims and noticing agent; and K&L Gates as special counsel.

Toshiba Nuclear Energy Holdings (UK) Ltd. is represented by Albert
Togut, Esq., Brian F. Moore, Esq., and Kyle J. Ortiz, Esq., at
Togut, Segal & Segal LLP.

On April 7, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.



WESTINGHOUSE ELECTRIC: Taps KPMG as Accounting Advisor
------------------------------------------------------
Westinghouse Electric Company LLC seeks approval from the U.S.
Bankruptcy Court for the Southern District of New York to hire KPMG
LLP.

KPMG will serve as accounting and financial reporting advisor, and
tax consultant to the company and its affiliates in connection with
their Chapter 11 cases.  

The firm will also provide forensic consulting services, which
include assisting the Debtors with their evaluation of new
third-parties through the provision of integrity due diligence
services.  These services include open source internet searches via
the use of its research tools and subsequent reporting.

The firm's hourly rates for accounting and financial reporting
advisory services and tax consulting services are:

     Partners/Principal     $790
     Managing Director      $730
     Senior Manager         $680
     Manager                $600
     Senior Associate       $495
     Associate              $400

KPMG's forensic consulting services related to integrity due
diligence will be based on a fixed fee basis per this schedule:

                                        Fee Per Report
                                        --------------
     Enhanced Due Diligence (1 subject          $800
     entity, no individual profiles)

     Enhanced Due Diligence               $225 per profile
     Individual Profiles

     Total: Standard Enhanced Due             $1,700
     Diligence Report) 1 subject
     entity and up to 4 related
     natural persons/individual
     profiles

Howard Steinberg, a certified public accountant and a KPMG partner,
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:

     Howard Steinberg
     KPMG LLP
     1350 Avenue of the Americas
     New York, NY 10019
     Tel: +1 212 997 0500
     Fax: +1 212 730 6892

              About Westinghouse Electric Company

Westinghouse Electric Company LLC --
http://www.westinghousenuclear.com/-- is a U.S. based nuclear    
power company founded in 1999 that provides design work and
start-up help for new nuclear power plants and makes many of the
components. Westinghouse manufactures and supplies the commercial
fuel products needed to run the plants, and it offers training,
engineering, maintenance, and quality management services. Almost
50% of nuclear power plants around the world and about 60% of U.S.
plants are based on Westinghouse's technology. Westinghouse's
world headquarters are located in the Pittsburgh suburb of
Cranberry Township, Pennsylvania.

On Oct. 16, 2006, Westinghouse Electric was sold for $5.4 billion
to a group comprising of Toshiba (77% share), partners The Shaw
Group (20% share), and Ishikawajima-Harima Heavy Industries Co.
Ltd. (3% share).  After purchasing part of Shaw's stake in 2013,
Japan-based conglomerate Toshiba obtained ownership of 87% of
Westinghouse.

Amid cost overruns at U.S. nuclear reactors it was building,
Westinghouse Electric Company LLC, along with 29 affiliates, filed
voluntary petitions for relief under Chapter 11 of the United
States Bankruptcy Code (Bankr. S.D.N.Y. Case No. 17-10751) on
March 29, 2017. The petitions were signed by AlixPartners' Lisa J.
Donahue, chief transition and development officer.

The Debtors listed total assets of $4.32 billion and total
liabilities of $9.39 billion as of Feb. 28, 2017.

The Hon. Michael E. Wiles presides over the cases.

Weil, Gotshal & Manges LLP serves as counsel to the Debtors. The
Debtors hired AlixPartners LLP as financial advisor; PJT Partners
Inc. as investment banker; Kurtzman Carson Consultants LLC as
claims and noticing agent; and K&L Gates as special counsel.

Toshiba Nuclear Energy Holdings (UK) Ltd. is represented by Albert
Togut, Esq., Brian F. Moore, Esq., and Kyle J. Ortiz, Esq., at
Togut, Segal & Segal LLP.

On April 7, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  The committee hired
Proskauer Rose LLP as legal counsel.


WESTMORELAND COAL: Sees $280M-$310M Adusted EBITDA in 2017
----------------------------------------------------------
Westmoreland Coal Company published an investor presentation
on June 26, 2017.

As of Q1 2017, the Company's total free cash flow was $42.6
million, cash on hand was $75.4 million, debt & capital leases -
WLB was $802.7 million, debt & capital leases - WMLP was $324.4
million, and credit facility liquidity available was $48.1
million.

For 2017, Westmoreland expects adjusted EBITDA in the range of
$280-$310 million, free cash flow of $115-$140 million and capital
expenditures of $40-$50 million.

According to the Company, its 2017 priorities are: continued strong
safety performance, maximizing its customers' competitive
positions, finalizing resolutions for non-core assets, generating
significant free cash flow for debt reduction and optimizing
capital structure.

The Presentation is available for free at https://is.gd/kjzq1F

                About Westmoreland Coal Company

Englewood, Colorado-based-based Westmoreland Coal Company (NYSE
AMEX: WLB) -- http://www.westmoreland.com/-- is the oldest        

independent coal company in the United States.  The Company's coal
operations include coal mining in the Powder River Basin in
Montana and lignite mining operations in Montana, North Dakota and
Texas.  Its power operations include ownership of the two-unit
ROVA coal-fired power plant in North Carolina.

Westmoreland Coal reported a net loss of $28.87 million on $1.47
billion of revenues for the year ended Dec. 31, 2016, compared to a
net loss of $219.09 million on $1.41 billion of revenues for the
year ended Dec. 31, 2015.  As of March 31, 2017, Westmoreland Coal
had $1.51 billion in total assets, $2.23 billion in total
liabilities and a total deficit of $722.62 million.

                         *     *     *

As reported by the TCR on March 2, 2016, Moody's Investors Service
downgraded the ratings of Westmoreland Coal Company, including its
corporate family rating to Caa1 from B3, probability of default
rating (PDR) to Caa1-PD from B3-PD, and the ratings on the senior
secured credit facility and senior secured notes to Caa3 from Caa1.
The Speculative Grade Liquidity rating of SGL-3 remains unchanged.
The outlook is stable.

In April 2017, S&P Global Ratings lowered its corporate credit
rating on Westmoreland to 'CCC+' from 'B'.  S&P views
Westmoreland's capital structure to be unsustainable in the long
term without a significant boost in coal prices and volumes over
the next year.


WILGRO SERVICES: Taps Ciardi Ciardi as Legal Counsel
----------------------------------------------------
Wilgro Services, Inc. seeks approval from the U.S. Bankruptcy Court
for the Eastern District of Pennsylvania to hire legal counsel.

The Debtor proposes to hire Ciardi Ciardi & Astin, P.C. to, among
other things, give legal advice regarding its duties under the
Bankruptcy Code, and provide other legal services related to its
Chapter 11 case.

The attorneys and paralegal expected to represent the Debtor and
their hourly rates are:

     Albert Ciardi III     $515  
     Nicole Nigrelli       $475
     Jennifer Cranston     $300
     Stephanie Frizlen     $120

Mr. Ciardi disclosed in a court filing that he and other members of
his firm do not hold any interest adverse to the Debtor's
bankruptcy estate.

The firm can be reached through:

     Albert A. Ciardi, III, Esq.
     Ciardi Ciardi & Astin, P.C.
     One Commerce Square
     2005 Market Street, Suite 3500
     Philadelphia, PA 19103
     Tel: (215) 557-3550
     Fax: 215-557-3551
     Email: aciardi@ciardilaw.com

                   About Wilgro Services Inc.

Wilgro Services, Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Pa. Case No. 17-14259) on June 20,
2017.  At the time of the filing, the Debtor estimated assets of
less than $1 million and liabilities of $1 million to $10 million.

Judge Eric L. Frank presides over the case.


YOGA SMOGA: Wants Exclusive Plan Filing Deadline Moved to Oct. 17
-----------------------------------------------------------------
Yoga Smoga Inc. asks the U.S. Bankruptcy Court for the Southern
District of New York to extend for 90 days the exclusive periods
during which only the Debtor may file a Chapter 11 plan through and
including Oct. 17, 2017, and solicit acceptances of the plan
through and including Dec. 18, 2017.

A hearing to consider the Debtor's request is set for July 13,
2017, at 10:00 a.m. (NY Time).  Objections to the request must be
filed by July 6, 2017, at 4:00 p.m. (NY Time).

As reported by the Troubled Company Reporter on April 27, 2017, the
Court previously extended the Debtor's exclusive plan filing
deadline through July 19, 2017, and its exclusive solicitation
period through Sept. 18, 2017.

In the three months since the Debtor first sought exclusivity
extension, the Debtor moved its business restructuring forward in
several ways, including by moving management out of NYC and into
consolidated space in its La Jolla, California store.  The move not
only reduced the Debtor's overhead but increased operating
efficiencies and enhanced the Debtor's marketing and branding
efforts.

The Debtor has continued to move things along on the legal front by
negotiating a confidentiality agreement with the Official Committee
of Unsecured Creditors, enabling the Debtor to safely share its
comprehensive business plan with Committee members, analyzing
creditor claims, and formulating a reorganization plan term sheet.
The Debtor has provided the Committee with a plan proposal, met
with the entire Committee to answer questions and address concerns
and responded to the Committee's request for additional
projections.  The Debtor intends to engage the Committee in further
negotiations in the coming weeks.

In addition to making substantial progress in the plan process, the
Debtor obtained final approval of its debtor-in-possession
financing, completed its search for contingency counsel to
investigate, analyze and, if warranted, prosecute causes of action
relating to the events leading up the involuntary Chapter 7 filing
and the Debtor's voluntary Chapter 11 filing, and continued to
report to creditors and answer their inquiries.

The Debtor's progress in the case to date on both the legal and
business fronts, as well as the important work that the Debtor
needs to do in the next three months with respect to completing
plan negotiations and finalizing and filing a plan of
reorganization, warrants an extension of the Debtor's exclusive
periods to file and solicit acceptances of a plan.

During the first six months of this Chapter 11 case, the Debtor's
focus has been five-fold, seeking to make progress on the following
fronts, each of which is a predicate for plan development and
negotiation: prosecuting its Chapter 11 case, rehabilitating its
business, developing a business plan and sharing it with the
Committee and its professionals, developing a term sheet for a plan
of reorganization and sharing it with the Committee and its
professionals, and testing the business plan's assumptions and
projections against actual results of operations.

The Debtor says that it has been diligently prosecuting its Chapter
11 case, including successfully obtaining necessary and appropriate
orders with respect to its first day motions, critical vendor
motions, financing motion, bar date motion and secured claim
settlement motion.  The Debtor also had to defend itself against an
aggressive conversion motion filed by two creditors controlled by
the Debtor's former board chair and director of finance.  The
Debtor has prepared and filed required schedules (with a set of
amendments), its statement of financial affairs and several monthly
operating reports.  Further, the Debtor has been completely
responsive to the Committee's requests for information.

After approximately six months of operating in Chapter 11, the
Debtor's cash flow projections indicate that the Debtor will
maintain cash positive after projected cash outlays for expenses.
To the extent that the Debtor may experience shortfalls from time
to time, it would be due to the timing of payments, like for rent,
labor and hopefully much-needed inventory, and the Debtor has the
benefit of final approval of up to $562,000 of low interest
debtor-in-possession.  The Debtor expects that it will continue to
be cash flow positive for the foreseeable future.

                       About Yoga Smoga

Yoga Smoga, Inc., filed a Chapter 11 petition (Bankr. S.D.N.Y. Case
No. 16-13538) on Dec. 19, 2016.  The petition was signed by Tapasya
Bali, chief executive officer.  The case is assigned to Judge
Michael E. Wiles.  Yoga Smoga is represented by Jil Mazer-Marino,
Esq., at Meyer, Suozzi, English & Klein, P.C. Joseph A. Broderick,
PC, serves as its accountant.  The Debtor estimated assets and
liabilities at $1 million to $10 million at the time of the
filing.

The Office of the U.S. Trustee on Jan. 6, 2017, appointed an
official committee of unsecured creditors.  Klestadt Winters
Jureller serves as legal counsel to the Committee, and CBIZ
Accounting, Tax and Advisory of New York, LLC, as financial
advisors.


[^] BOOK REVIEW: The Sorcerer's Apprentice - Medical Miracles
-------------------------------------------------------------
Author:     Sallie Tisdale
Publisher:  BeardBooks
Softcover:  270 pages
List Price: $34.95
Review by Henry Berry
Order your own personal copy at http://is.gd/9SAfJR

An earlier edition of "The Sorcerer's Apprentice" won an American
Health Book Award in 1986. The book has been recognized as an
outstanding book on popular science. Tisdale brings to her subject
of the wide nd engrossing field of health and illness the
perspective, as well as the special sympathies and sensitivities,
of a registered nurse. She is an exceptionally skilled writer.
Again and again, her descriptions of ill individuals and images of
illnesses such as cancer and meningitis make a lasting impression.
Tisdale accomplishes the tricky business of bringing the reader to
an understanding of what persons experience when they are ill; and
in doing this, to understand more about the nature of illness as
well. Her style and aim as a writer are like that of a medical or
science journalist for leading major newspaper, say the "New York
Times" or "Los Angeles Times." To this informative, readable style
is added the probing interest and concern of the philosopher
trying to shed some light on one of the central and most
unsettling aspects of human existence. In this insightful,
illuminating, probing exploration of the mystery of illness,
Tisdale also outlines the limits of the effectiveness of
treatments and cures, even with modern medicine's store of
technology and drugs. These are often called "miracles" of modern
medicine. But from this author's perspective, with the most
serious, life-threatening, illnesses, doctors and other health-
care professionals are like sorcerer's trying to work magic on
them. They hope to bring improvement, but can never be sure what
they do will bring it about. Tisdale's intent is not to debunk
modern medicine, belittle its resources and ways, or suggest that
the medical profession holds out false hopes. Her intent is do
report on the mystery of serious illness as she has witnessed it
and from this, imagined what it is like in her varied work as a
registered nurse. She also writes from her own experiences in
being chronically ill when she was younger and the pain and
surgery going with this.

She writes, "I want to get at the reasons for the strange state of
amnesia we in the health professions find ourselves in. I want to
find clues to my weird experiences, try to sense the nature of
being sick." The amnesia of health professionals is their state of
mind from the demands placed on them all the time by patients,
employers, and society, as well as themselves, to cure illness, to
save lives, to make sick people feel better. Doctors, surgeons,
nurses, and other health-care professionals become primarily
technicians applying the wonders of modern medicine. Because of
the volume of patients, they do not get to spend much time with
any one or a few of them. It's all they can do to apply the
prescribed treatment, apply more of it if it doesn't work the
first time, and try something else if this treatment doesn't seem
to be effective. Added to this is keeping up with the new medical
studies and treatments. But Tisdale stepped out of this problem-
solving outlook, can-do, perfectionist mentality by opting to
spend most of her time in nursing homes, where she would be among
old persons she would see regularly, away from the high-charged
atmosphere of a hospital with its "many medical students,
technicians, administrators, and insurance review artists." To
stay on her "medical toes," she balanced this with working
occasional shifts in a nearby hospital. In her hospital work, she
worked in a neonatal intensive care unit (NICU), intensive care
unit (ICU), a burn center, and in a surgery room. From this
combination of work with the infirm, ill, and the latest medical
technology and procedures among highly-skilled professionals,
Tisdale learned that "being sick is the strangest of states." This
is not the lesson nearly all other health-care workers come away
with. For them, sick persons are like something that has to be
"fixed." They're focused on the practical, physical matter of
treating a malady. Unlike this author, they're not focused
consciously on the nature of pain and what the patient is
experiencing. The pragmatic, results-oriented medical profession
is focused on the effects of treatment. Tisdale brings into the
picture of health care and seriously-ill patients all of what the
medical profession in its amnesia, as she called it, overlooks.

Simply in describing what she observes, Tisdale leads those in the
medical profession as well as other interested readers to see what
they normally overlook, what they normally do not see in the
business and pressures of their work. She describes the beginning
of a hip-replacement operation, the surgeon "takes the scalpel and
cuts--the top of the hip to a third of the way down the thigh--and
cuts again through the globular yellow fat, and deeper. The
resident follows with a cautery, holding tiny spraying blood
vessels and burning them shut with an electric current. One small,
throbbing arteriole escapes, and his glasses and cheek are
splattered." One learns more about what is actually going on in an
operation from this and following passages than from seeing one of
those glimpses of operations commonly shown on TV. The author
explains the illness of meningitis, "The brain becomes swollen
with blood and tissue fluid, its entire surface layered with
pus...The pressure in the skull increases until the winding
convolutions of the brain are flattened out...The spreading
infection and pressure from the growing turbulent ocean sitting on
top of the brain cause permanent weakness and paralysis,
blindness, deafness...." This dramatic depiction of meningitis
brings together medical facts, symptoms, and effects on the
patient. Tisdale does this repeatedly to present illness and the
persons whose lives revolve around it from patients and relatives
to doctors and nurses in a light readers could never imagine, even
those who are immersed in this world.

Tisdale's main point is that the miracles of modern medicine do
not unquestionably end the miseries of illness, or even
unquestionably alleviate them. As much as they bring some relief
to ill individuals and sometimes cure illness, in many cases they
bring on other kinds of pains and sorrows. Tisdale reminds readers
that the mystery of illness does, and always will, elude the
miracle of medical technology, drugs, and practices. Part of the
mystery of the paradoxes of treatment and the elusiveness of
restored health for ill persons she focuses on is "simply the
mystery of illness. Erosion, obviously, is natural. Our bodies are
essentially entropic." This is what many persons, both among the
public and medical professionals, tend to forget. "The Sorcerer's
Apprentice" serves as a reminder that the faith and hope placed in
modern medicine need to be balanced with an awareness of the
mystery of illness which will always be a part of human life.


                            *********

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