TCR_Public/170724.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Monday, July 24, 2017, Vol. 21, No. 204

                            Headlines

1775686 ONTARIO: Green Bean Files for Bankruptcy in Canada
444 EAST 13: Case Summary & Largest Unsecured Creditors
7614 FOURTH REAL ESTATE: Taps Mishiyeva Law as Legal Counsel
ACCUDYNE INDUSTRIES: Moody's Raises CFR to B3; Outlook Stable
ACCUDYNE INDUSTRIES: S&P Raises CCR to 'B' on Repaid Debt

ALGODON WINES: Declares Quarterly Dividend on Preferred Stock
ALL SAINTS CARE: August 18 Plan and Disclosure Statement Hearing
ALL SAINTS CARE: Plan Outline Okayed, Plan Hearing on Aug. 18
APRO LLC: Moody's Assigns B2 Corporate Family Rating
AQUION ENERGY: Resumes Operations After Chapter 11 Exit

B&F LANDSCAPE: Plan Outline Okayed, Plan Hearing on Aug. 17
BAILEY'S EXPRESS: Taps Pullman & Comley as Legal Counsel
BELK INC: Bank Debt Trades at 15% Off
BILL BARRETT: Provides Commodity Price and Derivatives Update
BISHOP GORMAN: $500,000 DIP Financing From Service Campaign OK'd

BLAIR OIL: Implementation and Execution of Chapter 11 Plan Revised
BUCKTAIL MEDICAL: Hearing on Plan Confirmation Set for Sept. 7
CAFE TIRAMISU: Case Summary & 17 Largest Unsecured Creditors
CALMARE THERAPEUTICS: Incurs $3.82 Million Net Loss in 2016
CANNELLE PATISSERIE: Exit Plan to Pay Unsecured Creditors 5%

CAPITAL TEAS: May Use Cash Until July 31, Obtain $175K Financing
CAR CHARGING: Robert Schweitzer Appointed to Board of Directors
CARRINGTON FARMS: Seeks to Use $160K Cash Through Oct. 31
CARRINGTON FARMS: Unsecureds to Get 50% Dividend in 120 Months
CARVER BANCORP: Form 10-K Delay Triggers Nasdaq Noncompliance

CARVER BANCORP: Will Restate Previously Filed Financial Statements
CAYOT REALTY: Wells Fargo Opposes Approval of Plan
CHANDLER HEALTH: Case Summary & 20 Largest Unsecured Creditors
CHIEFTAIN SAND: Unsecureds to Get Nothing Under Liquidating Plan
CORONA BUMPERS: Access to Continental's Cash Collateral Denied

CORONA BUMPERS: Bid to Use Merchant Cash Collateral Denied
CRIMSON INVESTMENT: Disclosures OK'd; Plan Hearing on Aug. 17
CROWN CASTLE: Moody's Affirms (P)Ba1 Sr. Subordinate Shelf Rating
DAVID'S BRIDAL: Bank Debt Trades at 24% Off
DEXTERA SURGICAL: Has 40M Outstanding Common Shares as of July 18

DIAMONDHEAD CASINO: John St. Peter Resigns as Director
DURHAM STUDENT ASSOC: BlueTree Advisors to Wind Up Assets
DURON SYSTEMS: Seeks to Hire Baker & Associates as Attorneys
EAST BAY DRY: August 24 Hearing on Plan Confirmation
EMEDICAL STRATEGIES: Hearing on Plan Outline Approval on Aug. 10

ESTEBAN DISTRIBUTOR: Unsecured Priority Claims to be Paid in 60 Mos
FIELDPOINT PETROLEUM: Closes Sale of 401 Net Acres in New Mexico
FULLCIRCLE REGISTRY: Appoints Four Directors to Board
GENERAL NUTRITION: Bank Debt Trades at 6% Off
GENON MID-ATLANTIC: Moody's Assigns Caa1 CFR; Outlook Negative

GFI GROUP: Moody's Affirms Ba2 CFR & Revises Outlook to Negative
GRAND DAKOTA: Voluntary Chapter 11 Case Summary
GRANDPARENTS.COM INC: Unsecured Creditors to Recover Up to 71%
GREEN TERRACE: Case Summary & 16 Unsecured Creditors
H&E EQUIPMENT: Moody's Affirms B1 CFR; Outlook Stable

HARRINGTON & KING: May Use Cash Collateral Through July 27
HARTFORD COURT: May Use Cash Collateral Until Aug. 28
HUGHES SATELLITE: Moody's Affirms B1 CFR; Outlook Positive
IGNITE RESTAURANT: To Fund Chapter 11 Plan from Sale of Assets
IHEARTCOMMUNICATIONS INC: Extends Notes Exchange Offer Deadline

IHEARTCOMMUNICATIONS INC: Extends Private Term Loan Offers
INDIAN JEWELERS: Case Summary & 20 Largest Unsecured Creditors
INTERNATIONAL BRIDGE: Wants to Extend Cash Use Until Sept. 30
ION GEOPHYSICAL: Receives Noncompliance Notice from NYSE
ITUS CORP: Lewis Titterton Appointed as Director

J.G. NASCON: Sept. 20 Hearing on Plan Confirmation
KAZBAR LLC: Seeks to Hire Allen Barnes & Jones as Counsel
KCST USA: Has Court's Nod to Use Cash Collateral of Axia Net
LA SABANA: Disclosures Approved; Plan Outline Hearing on Sept. 20
LB VENTURES: Unsecured Creditors to be Paid 10% in 5 Years

LDJ ENTERPRISE: Taps Middleton Law Office as Legal Counsel
LIGHTSTONE GENERATION: Bank Debt Trades at 2% Off
LINDERIAN COMPANY: Plan Outline Okayed, Plan Hearing on Aug. 23
LTS GROUP: S&P Puts 'B' CCR on CreditWatch Pos. Amid Crown Deal
MARINA BIOTECH: Inks License Pact With Oncotelic for SMARTICLES

MARKS FAMILY: Taps Steinhilber Swanson as Legal Counsel
MARTIN'S VIEW: Wants to Use EagleBank, et al.'s Cash Collateral
MCCLATCHY CO: Reports $37.4 Million Net Loss for Second Quarter
MEG ENERGY: Bank Debt Trades at 3% Off
MFR RENTAL: August 30 Plan Confirmation Hearing

MOTORS LIQUIDATION: Sets Aside $30M to Fund Q2 Wind-Down Cost
MT. OLIVE BAPTIST: Wants to Use First Citizens' Cash Collateral
MULTI-COLOR CORP: S&P Puts 'BB-' CCR on CreditWatch Negative
NEW CAL-NEVA: 100% Recovery for Unsecureds Under PBGL/NCP Plan
NORTHEAST ENERGY: Hearing on Plan Outline Continued to Oct. 5

NORTHEAST ENERGY: Total Amt. of Unsecured Claims Increase to $1.7MM
NORTHERN POWER: Shareholders Elected 9 Directors
NORTHWEST PEDIATRIC: Latest Plan to Pay Alexian $10,375 per Quarter
NOVA TERRA: Wants Exclusive Plan Filing Deadline Moved to Jan. 12
NUVERRA ENVIRONMENTAL: Fried & Pachulski Represent Ascribe & Gates

PACIFIC DRILLING: Unit's Consent Solicitation Expires Aug. 2
PALATIAL INVESTMENT: Plan Confirmation Hearing Set for Sept. 19
PANADERIA ZULMA: Plan Confirmation Hearing on Aug. 15
PANADERIA ZULMA: Plan Outline Okayed, Plan Hearing on Aug. 15
PERFUMANIA HOLDINGS: David Konckier Has 5.7% Stake as of Dec. 31

PETSMART INC: Bank Debt Trades at 6% Off
PME MORTGAGE: Taps Zolkin Talerico as Restructuring Counsel
PRECISION DRILLING: Moody's Alters Outlook to Stable & Affirms CFR
PREMIER MARINE: Committee Taps Fafinski Mark as Bankruptcy Counsel
PRESCOTT VALLEY: Disclosures OK'd; Sept. 6 Plan Approval Hearing

RED OAK: S&P Hikes 2029 $160MM Series B Bonds' Rating to 'BB-'
RELIANCE INTERMEDIATE: Moody's  Hikes CFR to Ba1; Outlook Stable
RENNOVA HEALTH: Closes $4.1 Million Debentures Offering
RESIDENTIAL CAPITAL: Underwriters Must Produce Pre-Oct. 2008 Docs
REVLON CONSUMER: Moody's Cuts CFR to B2; Outlook Stable

RICEBRAN TECHNOLOGIES: Redeems $6.6 Million Debentures
RO & SONS: Unsecured Creditors to be Paid 100% in 72 Mos. at 3%
ROSENBAUM FARM: Case Summary & Largest Unsecured Creditors
RUE21 INC: Prepetition Term Loan Secured Claimants to Get Up to 54%
RYCKMAN CREEK: WIC Blocks Approval of 4th Amended Plan Disclosures

S&S HOLDING: Hires Exit Premier Real Estate as Broker
SAILING EMPORIUM: Must Make Adequate Protection Payment for April
SEACOR HOLDINGS: Moody's Withdraws B3 Corporate Family Rating
SEARS CANADA: Liquidation Sales in Closing Stores Ongoing
SEARS CANADA: Stock Removed From NASDAQ Listing

SEATEQ CORPORATION: Case Summary & 17 Largest Unsecured Creditors
SEMCRUDE L.P.: 3rd Cir. Affirms Ruling in Oil Producers' Case
SERO TRANSPORT: Plan Confirmation Hearing on Aug. 17
SKY HARBOR: Files Chapter 11 Plan of Liquidation
SPECTRUM HEALTHCARE: Has Interim Nod to Continue Using Cash

STEVE'S FROZEN: Hearing on Plan Disclosures Set for Aug. 23
SULLIVAN VINEYARDS: To Pay Unsecureds in 2 Semiannual Installments
TESORO CORP: Moody's Hikes Senior Unsecured Rating From Ba1
TOTAL OFFICE: Has Court's Final OK to Use Cash Collateral
TRINIDAD DRILLING: Moody's Alters Outlook to Stable & Affirms CFR

TRITON AVIATION: Claims Filing Deadline Set for October 5
UTE MESA LOT 2: 999 Ute Avenue Taps Shumaker as Legal Counsel
VANGUARD NATURAL: Amended Plan Okayed, Sees Aug. 1 Chapter 11 Exit
VC AIRPORT: Voluntary Chapter 11 Case Summary
VELLANO CORPORATION: Case Summary & 20 Largest Unsecured Creditors

VYCOR MEDICAL: Fountainhead Reports 54.44% Stake as of June 30
WALTER INVESTMENT: Bank Debt Trades at 9% Off
WEST BATON: Unsecureds To Be Paid in Full Under Plan
WESTERN ENERGY: Moody's Hikes Corporate Family Rating to Caa1
WORLD IMPORTS: Disclosures OK'd; Plan Hearing on Aug. 23

YOGA CENTER: Taps Michael Sheridan as Attorney
YOU PROPERTIES: Franklin County Treasurer to Get $27,565
[*] Moody's B3 Negative and Lower Corp. Ratings List Drops in June
[^] BOND PRICING: For the Week from July 17 to July 21, 2017

                            *********

1775686 ONTARIO: Green Bean Files for Bankruptcy in Canada
----------------------------------------------------------
The bankruptcy of 1775686 Ontario o/a Green Bean Roasting Company
of the City of Oakville, occurred on July 13, 2017, and the first
meeting of creditors will be held on July 28, 2017, at 10:30 a.m.,
at the office of the trustee, 365 Evans Avenue, Suite 609,
Etobicoke, Ontario.

The trustee can be reached at:

   Charles Advisory Services Inc.
   Licensed Insolvency Trustee
   365 Evans Avenue, Suite 609
   Etobicoke, ON M8Z 1K2
   Tel: (416) 486-9660
   Fax: (416) 486-8024


444 EAST 13: Case Summary & Largest Unsecured Creditors
-------------------------------------------------------
Affiliated debtors that filed Chapter 11 petitions on July 21,
2017:

     Debtor                                          Case No.
     ------                                          --------
     E. 9th St. Holdings LLC                         17-23141
     c/o GC Realty Advisors LLC
     7280 West Palmetto Park Road, Suite 203-N
     Boca Raton, FL 33433

     E. 10th St. Holdings LLC                        17-23142
     c/o GC Realty Advisors LLC
     7280 West Palmetto Park Road, Suite 203-N
     Boca Raton, FL 33433
    
     444 East 13 LLC                                 17-23143
     c/o GC Realty Advisors LLC
     7280 West Palmetto Park Road, Suite 203-N
     Boca Raton, FL 33433

Type of Business:     444 East 13 LLC owns and operates a
                      residential apartment building located at
                      444 East 13th Street in the east village
                      neighborhood of Manhattan, New York.  The
                      Property is valued at $11 million.  E. 9th
                      St. Holdings owns and operates a residential
                      apartment building located at 332 East 9th
                      Street in the east village neighborhood of
                      Manhattan, New York, valued at $8.82
                      million.  E. 10th St. Holdings owns and
                      operates a residential apartment building
                      located at 251 East 10th Street in the east
                      village neighborhood of Manhattan, New York,

                      which Property is valued at $7.5 million.

                      The properties are encumbered by mortgages
                      to 444 Lender LLC and E Village Lender LLC
                      (assigned to Metropolitan Commercial Bank).

                      The Debtors defaulted on their mortgage
                      obligations and in order to preserve their
                      assets for the benefit of the creditors and
                      to preserve priorities of creditors, the
                      Debtors filed the Chapter 11 cases.

Chapter 11 Petition Date: July 21, 2017

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

Judge: Hon. Robert D. Drain

Debtors' Counsel: Arnold Mitchell Greene, Esq.
                  ROBINSON BROG LEINWAND GREENE
                   GENOVESE & GLUCK, P.C.
                  875 Third Avenue, 9th Floor
                  New York, NY 10022
                  Tel: (212) 603-6300
                  Fax: (212) 956-2164
                  E-mail: amg@robinsonbrog.com

Scheduled assets and liabilities:
                                            Total      Total
                                            Assets  Liabilities
                                          --------- -----------
E. 9th St. Holdings                       $8,850,000  $6,020,000
E. 10th St. Holdings                      $7,590,000  $3,980,000
444 East 13 LLC                          $11,030,000  $8,980,000

The petitions were signed by David Goldwasser, authorized signatory
of GC Realty Advisors LLC, Manager.

Pending bankruptcy cases filed by affiliates:

                                                         Petition
   Debtor                               Court  Case No.    Date
   -------------------                  -----  --------  ---------
   AC I Manahawkin LLC                 S.D.N.Y. 14-22793  6/04/14
   AC I Toms River LLC                 S.D.N.Y. 16-22023  1/08/16
   BCH Capital LLC                     S.D.N.Y. 17-22384  3/15/17
   Cypress Way LLC                     S.D.N.Y. 17-22383  3/15/17
   East Village Properties LLC, et al. S.D.N.Y. 17-22453  3/28/17
   Romad Realty Inc.                   S.D.N.Y. 15-20007  9/28/15
   West 41 Property LLC                S.D.N.Y. 16-22393  3/25/16

E. 9th St. Holdings' list of 14 unsecured creditors is available
for free at http://bankrupt.com/misc/nysb17-23141.pdf

E. 10th St. Holdings' list of nine unsecured creditors is available
for free at http://bankrupt.com/misc/nysb17-23142.pdf

444 East 13 LLC's list of 20 largest unsecured creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Accurate Funding LLC                                   $2,000,000
c/o Jeffrey
Fleischmann, Esq.
150 Broadway, Suite 900
New York, NY 10038

ALC Environmental                                          $6,385

Belkin Burden Wenig & Goldman                             $68,689

CDP Contractors, LLC                                     $229,400

Environmental Control Board                               $11,100

First Choice Environmental                                   $652

Global Pest Control                                        $2,357

Goldner Plumbing                                           $1,192

Henry Taveras General Construction                         $1,511

Jack Jaffa & Associates Corp.                              $1,764

Landmark Construction                                      $1,200

Lawless & Mangione                                        $35,845

NRAI, Inc.                                                 $1,250

NYC Dept. of Finance                                      $35,328

NYC Water Board                                            $7,379

Plumbing, Plumbing & Plumbing Corp.                          $762

Prime Building & Maintenance S                             $2,074

Royal Security                                             $1,064

S.J. Fuel Co., Inc.                                          $707

The Metro Group, Inc.                                      $4,869


7614 FOURTH REAL ESTATE: Taps Mishiyeva Law as Legal Counsel
------------------------------------------------------------
7614 Fourth Real Estate Development LLC seeks approval from the
U.S. Bankruptcy Court for the Eastern District of New York to hire
legal counsel in connection with its Chapter 11 case.

The Debtor proposes to hire Mishiyeva Law PLLC to, among other
things, give legal advice regarding its duties under the Bankruptcy
Code, assist in the preparation of a plan of reorganization, and
give advice on financial agreements, debt restructuring and other
transactions.

The customary hourly rates charged by the firm are:

     Partners              $350
     Of Counsel            $350
     Junior Associates     $250
     Paraprofessionals     $100

Kamilla Mishiyeva, Esq., disclosed in a court filing that she and
her firm are "disinterested" as defined in section 101(14) of the
Bankruptcy Code.

The firm can be reached through:

     Kamilla Mishiyeva, Esq.
     Mishiyeva Law PLLC
     85 Broad Street, 18th Floor
     New York, NY 10004
     Tel: 646 736-6328
     Fax: 646-736-5142
     Email: kamilla@mishiyevalaw.com

                  About 7614 Fourth Real Estate
                         Development LLC

7614 Fourth Real Estate Development LLC listed its business as a
single asset real estate (as defined in 11 U.S.C. Section
101(51B)).  It is a 50% interest holder in a real property composed
of a parcel of land located at 7614 4th Avenue Brooklyn, New York,
with a current value of $10 million.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. E.D.N.Y. Case No. 17-43389) on June 29, 2017.  Mousa
Khalil, member or president, signed the petition.  

At the time of the filing, the Debtor disclosed $10 million in
assets and $250,000 in liabilities.  

Judge Elizabeth S. Stong presides over the case.


ACCUDYNE INDUSTRIES: Moody's Raises CFR to B3; Outlook Stable
-------------------------------------------------------------
Moody's Investors Service upgraded the Corporate Family Rating
("CFR") and Probability of Default Ratings of Accudyne Industries
Borrower S.C.A. to B3 and B3-PD from Caa1 and Caa1-PD,
respectively. The CFR upgrade is based on the sizable debt
reduction resulting from the use of the $1.265 billion of proceeds
Accudyne received from the sale of its industrial air compressor
business ("Sullair") to Hitachi Ltd. (A3 stable) as well as
expected continued improvement in operating performance due to the
company's focus on cost savings and anticipated moderate sales
growth. Concurrently, Moody's assigned B2 ratings to the company's
proposed first-lien senior secured revolver and term loan and a
Caa2 rating to the company's proposed second lien term loan. The
ratings outlook is stable.

Proceeds from the proposed refinancing together with $100 million
of balance sheet cash are anticipated to be used towards
refinancing approximately $885 million of the company's remaining
existing debt. Of note, the company's reported funded debt balance
as of its most recent March 31, 2017 reporting period stood at a
sizable $2.15 billion. Debt was reduced to $885 million prior to
the proposed refinancing due to the company having already applied
the $1.265 billion of Sullair sale proceeds to repay debt. The
proposed transaction moderately reduces funded debt further to $825
million at close of the transaction due to the use of balance sheet
cash as part of the transaction. Proceeds would also be used to pay
the call premium on the notes and related transaction fees and
expenses.

The following rating actions were taken:

Ratings Upgraded:

Corporate Family Rating, to B3 from Caa1

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

Ratings Assigned:

$150 million backed senior secured first-lien revolving credit
facility due 2022, at B2 (LGD-3)

$705 million backed senior secured first-lien term loan due 2024,
at B2 (LGD-3)

$120 million backed senior secured second-lien term loan due 2025,
at Caa2 (LGD-6)

Ratings Upgraded (to be withdrawn upon transaction close):

Existing senior secured revolving credit facility, to Ba3 (LGD-2)
from B3 (LGD-3)

Existing $1.675 billion (approximately $235 million outstanding)
senior secured term loan due 2019, to Ba3 (LGD-2) from B3 (LGD-3)

$650 million senior unsecured global notes due 2020, to Caa1
(LGD-5) from Caa3 (LGD-5)

RATINGS RATIONALE

Accudyne's ratings upgrade was primarily driven by the meaningful
reduction in debt and leverage resulting from the application of
proceeds from the Sullair divestiture towards repaying the
company's existing term loan with debt/EBITDA (including Moody's
standard adjustments) improving by roughly 5 turns to approximately
6.2x pro forma for the proposed refinancing from over 11.0x for the
last twelve months ended March 31, 2017. The company's expected
continued operating performance improvement partially stemming from
cost efficiencies and moderately improved end-market fundamentals
also support the upgrade.

Although it is recognized that, pro forma for the sale, the
company's revenue scale has decreased by 40% to approximately $600
million from $1 billion and its exposure to the energy markets has
increased to almost half of the company's sales from roughly a
third, these markets are viewed as stabilizing. Furthermore,
although the degree of end-market diversity has lessened post the
sale, the remaining flow controls business will continue to have
diverse end-market exposure including selling into the chemicals,
industrial, water treatment and agriculture end-markets.

Accudyne's B3 CFR is based on its well-established position in
engineered products reflected in its healthy EBITDA margins,
diversity by end-market and geography (approximately 60% of
revenues generated abroad) as well as good free cash flow
generation. Expectations for further improvement in the company's
operating performance are supported by anticipated benefits from
cost saving actions and modest top line growth from stabilization
in some of the company's key industrial and energy end markets.
Positively, due to the company's large installed base of products,
Accudyne derives approximately a third of its total revenue base
from aftermarket sales that provide a recurring high margin revenue
stream. The ratings reflect Moody's expectation that debt/EBITDA
will remain under 6.5 times with EBIT/interest coverage exceeding
2.0 times.

These positive considerations are counterbalanced by the company's
exposure to the energy markets that are highly cyclical due to the
volatile nature of oil prices. However, Moody's expects the
end-markets will continue to stabilize over the next 12-24 months
due to a moderate increase in demand. In Moody's view, the
company's good liquidity underscored by healthy projected free cash
flow generation combined with excess cash balances and revolver
availability serve to partially mitigate the high degree of
cyclicality.

The assigned B2 first-lien debt ratings are rated one notch above
the B3 CFR due to its senior position in the debt structure
relative to the company's second lien debt and unsecured
liabilities. Conversely, the Caa2 rating assigned to the
second-lien term loan primarily reflects its junior position
relative to the sizable amount of first-lien debt.

The company's existing first-lien revolver and term loan ratings
were upgraded to Ba3 from B3 and unsecured notes rating to Caa1
from Caa3 due to the existing first-lien term loan debt that has
been significantly reduced with proceeds from the sale of Sullair.
These ratings are expected to be withdrawn upon transaction close.

Accudyne's good liquidity is based on the expectation that over the
next twelve to eighteen months the company will generate positive
annual free cash flow of $40-$50 million with free cash flow to
debt in the mid-single digit range, cash balances exceeding $75
million and an undrawn $150 million multi-year revolver. The first
and second lien term loans do not have a financial maintenance
covenant. However the revolver contains a springing leverage
covenant triggered by a utilization threshold. The covenant is not
expected to be triggered and Moody's expects good cushion within
the covenant level based on the current leverage.

The stable ratings outlook is based on the expectation that the
company will continue to moderately improve earnings given
stabilizing end-market conditions in certain of the company's
end-markets while maintaining good liquidity.

A ratings downgrade would be considered if the company's liquidity
were to weaken including a decline in free cash flow generation
and/or reliance on its revolving credit facility, lack of
improvement in top line revenue performance on a year-over-year
basis as well as debt-to-EBITDA reaching and consistently above
6.5x. A more aggressive financial policy would also exert downward
ratings pressure.

An upward rating action would be driven by expectations of
debt-to-EBITDA improving to a level sustained below 5.0x, free cash
flow-to-debt increasing to the high single digit level as well as a
sustained stabilization and improvement in end-markets and good
liquidity.

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

Accudyne Industries Borrower S.C.A. (Accudyne), headquartered in
Luxembourg and with its administrative office located in Dallas,
Texas, is a manufacturer of flow control equipment. The company,
comprised of the industrial divisions of Hamilton Sundstrand, was
acquired in December 2012 from United Technologies Corporation
(UTC). The company is privately-held and owned by BC Partners
Limited and The Carlyle Group L.P. End markets served include
energy, industrials, petrochemical, water and waste water among
others. Pro forma for the sale of the Sullair business, revenues
approximate $600 million.


ACCUDYNE INDUSTRIES: S&P Raises CCR to 'B' on Repaid Debt
---------------------------------------------------------
S&P Global Ratings raised its corporate credit rating on Accudyne
Industries Borrower S.C.A. to 'B' from 'B-'. The outlook is stable.


S&P said, "At the same time, we assigned our 'B' issue-level rating
to Accudyne's proposed seven-year $705 million secured first-lien
term loan. The recovery rating is '3', indicating our expectation
of meaningful (50%-70%; rounded estimate: 65%) recovery for lenders
in the event of a payment default.

"In addition, we assigned our 'B-' issue-level rating to Accudyne's
proposed seven-year $120 million second-lien term loan. The
recovery rating is '5', indicating our expectation of modest
(10%-30%; rounded estimate: 15%) recovery for lenders in the event
of a payment default.

"We expect to withdraw our existing issue-level and recovery
ratings on the company's term loan facility and 7.75% senior
subordinated notes due in 2020 once we have confirmation that this
debt is repaid.

"The ratings upgrade reflects the meaningful improvement to
Accudyne's very high debt leverage and incorporates our belief that
the company's competitive advantages will mostly remain intact,
despite having a much smaller and more narrowly focused revenue
base.

"The stable outlook reflects our expectation that improving
industry trends in the company's energy business, a leaner cost
structure as a result of previously initiated restructuring
actions, and lower overall interest expense should help the company
modestly improve its credit metrics, including decreasing debt to
EBITDA to the mid-6x area in fiscal 2017.

"We could lower our ratings on Accudyne if profitability
deteriorates, evidenced by EBITDA margins sustained below 18%, or
if its credit measures deteriorate such that debt leverage
increases to the 7x area and we do not expect it to recover in the
next 12 months.

"Given the company's ownership by a financial sponsor with very
aggressive financial policies, we view an upgrade over the next 12
months as unlikely. We could raise our ratings on Accudyne if its
owners commit to maintain less aggressive financial policies and
the company continues to increase its EBITDA and free cash flow
such that it sustains S&P Global Ratings-adjusted debt to EBITDA of
about 4.5x or less."


ALGODON WINES: Declares Quarterly Dividend on Preferred Stock
-------------------------------------------------------------
The Board of Directors of Algodon Wines & Luxury Development Group,
Inc., declared a quarterly cumulative cash 8% dividend in the total
amount of $60,514.71 to the holders of record of the Company's
Series B Convertible Preferred Stock as of the quarter ended June
30, 2017.  The dividend was paid on July 21, 2017.

On July 20, 2017, the Company also sent an email to its
stockholders announcing that Algodon Wine Estate's Malbec is now
featured at Restaurant Gordon Ramsay.  A copy of the email content
is available for free at https://is.gd/QH81a3

The Gordon Ramsay Group comprises of the restaurant business of
acclaimed chef, restaurateur, TV personality and author Gordon
Ramsay.  It employs more than 700 people in London where it has a
collection of 14 restaurants.  The Group has a total of 31
restaurants globally and 7 Michelin stars, with international
restaurants from Europe to the US and the Middle East.  Restaurant
Gordon Ramsay in Chelsea is the Group's flagship venue, which has
held three Michelin-stars for 15 years.

                      About Algodon Wines

New York-based Algodon Wines & Luxury Development Group, Inc.,
operates Algodon Mansion, a Buenos Aires-based luxury boutique
hotel property.  This lifestyle related real estate development
company has also redeveloped, expanded and repositioned a winery
and golf resort property called Algodon Wine Estates for
subdivision of a portion of this property for residential
development.

Algodon Wines reported a net loss of $10.04 million on $1.52
million of sales for the year ended Dec. 31, 2016, compared to a
net loss of $8.27 million on $1.86 million of sales for the year
ended Dec. 31, 2015.  

As of March 31, 2017, Algodon Wines had $7.45 million in total
assets, $4.80 million in total liabilities, $1.55 million in series
B convertible preferred stock and $1.09 million in total
stockholders' equity.

Marcum LLP, in New York, NY, issued a "going concern" qualification
on the consolidated financial statements for the year ended Dec.
31, 2016, citing that the Company has incurred significant losses
and needs to raise additional funds to meet its obligations and
sustain its operations.  These conditions raise substantial doubt
about the Company's ability to continue as a going concern.


ALL SAINTS CARE: August 18 Plan and Disclosure Statement Hearing
----------------------------------------------------------------
Judge Harlin De Wayne Hale of the U.S. Bankruptcy Court for the
Northern District of Texas conditionally approved All Saints Care
Injury and Rehabilitation Clinic, Inc.'s amended disclosure
statement along with a proposed amended plan of reorganization
filed on July 14, 2017.

August 11, 2017, is fixed as the last day for filing written
acceptances or rejections of the Debtor's proposed Chapter 11
Plan.

August 11, 2017, is fixed as the last day for filing and serving
written objections to the final approval of the Debtor's Disclosure
Statement or confirmation of the Debtor's proposed Chapter 11
Plan.

The Hearing to consider the final approval of the Debtor's
Disclosure Statement and to consider the confirmation of the
Debtor's proposed Chapter 11 Plan is fixed and shall be held on
August 18, 2017, at 1:15 p.m. in the courtroom of the Honorable
Chief Bankruptcy Judge Barbara J. Houser, United States Bankruptcy
Court, 1100 Commerce Street, 14th Floor, Dallas, Texas.

Class 7 under the amended plan consists of the allowed general
unsecured claims. The Claims in this class will be paid by the
Reorganized Debtor pro-rata from the amount of $250 per month once
Allowed over 60 months. The payments shall commence on the first
day of the month following the Effective Date and shall continue on
the first day of each succeeding month thereafter until the end of
the payment term as defined herein. The total of claims in this
class is estimated at $53,401.39. This class is impaired.

This Plan will be implemented by the commencement of payments as
called for in the Plan. Upon the Effective Date, all property of
All Saints and its Estate shall vest in All Saints, subject to the
Allowed Secured Claims in this Plan.

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

     http://bankrupt.com/misc/txnb17-30481-11-69.pdf

Attorney for the Debtor:

     Joyce Lindauer
     State Bar No. 21555700
     Joyce W. Lindauer Attorney, PLLC
     12720 Hillcrest Road
     Suite 625
     Dallas, Texas 75230
     Telephone: (972) 503-4033
     Facsimile: (972) 503-4034

            About All Saints Care Injury

All Saints Care Injury & Rehabilitation Clinic Inc. sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. N.D.
Texas Case No. 17-30481) on February 6, 2017.  At the time of the
filing, the Debtor estimated assets and liabilities of less than
$500,000.


ALL SAINTS CARE: Plan Outline Okayed, Plan Hearing on Aug. 18
-------------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Texas is set
to hold a hearing on August 18, at 1:15 p.m., to consider approval
of the Chapter 11 plan of reorganization for All Saints Care Injury
& Rehabilitation Clinic Inc.

The court will also consider at the hearing the final approval of
the company's disclosure statement, which it conditionally approved
on July 14.

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

All Saints Care Injury on July 6 filed a restructuring plan that
proposes to pay general unsecured creditors pro-rata from the
amount of $1,000 per month over 60 months.

The payments will commence on the first day of the month following
the effective date of the plan, and will continue on the first day
of each succeeding month thereafter until the end of the payment
term.  

The total amount of general unsecured claims is estimated at
$53,401.39.  There are no insider general unsecured claims.

Each general unsecured creditor is entitled to vote to accept or
reject the plan.

The major source of funding for the plan will come from All Saints'
ongoing business operations and ongoing rent from other tenants in
its commercial property, according to its disclosure statement
filed on July 6.

A copy of the disclosure statement is available for free at
https://is.gd/OJx18g

                  About All Saints Care Injury

All Saints Care Injury & Rehabilitation Clinic Inc. is a healthcare
and rehabilitation clinic that also operates as the landlord of a
commercial building with tenants.  

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. N.D. Texas Case No. 17-30481) on February 6, 2017.  At
the time of the filing, the Debtor disclosed that it had estimated
assets and liabilities of less than $500,000.

Joyce W. Lindauer Attorney, PLLC is the Debtor's bankruptcy
counsel.


APRO LLC: Moody's Assigns B2 Corporate Family Rating
----------------------------------------------------
Moody's Investors Service assigned ratings to Apro, LLC (United
Pacific) including a B2 Corporate Family Rating and B3-PD
Probability of Default Rating. Moody's also assigned a B1 rating to
the company's proposed $25 million senior secured 5-year revolver
and $230 million senior secured 7-year term loan B. The rating
outlook is stable. All ratings are subject to review of final
documentation.

Proceeds from the proposed term loan will be used to fund a $100
million dividend to its private equity owner, refinance United
Pacific's existing $97 million term loan, put $26 million of cash
on the balance sheet for general corporate purposes, and to pay
fees and expenses.

Assignments:

Issuer: Apro, LLC

-- Probability of Default Rating, Assigned B3-PD

-- Corporate Family Rating, Assigned B2

-- Senior Secured Bank Credit Facility, Assigned B1(LGD2)

RATINGS RATIONALE

The B2 Corporate Family Rating reflects United Pacific's high
leverage of about 7.0x pro forma for the transaction (including
Moody's standard adjustments), which Moody's expects will remain
high for the next 12 to 18 months. The rating also reflects the
company's small scale in terms of number of stores, its smaller
format stores that generate less gross profit from inside sales
relative to larger competitors, and its earnings concentration in
California. California has been a successful market for United
Pacific and there are some benefits to operating there including
barriers to entry (high real estate costs, strict permitting and
environmental regulations) for new operators, or operators looking
to expand their fuel footprint, and higher gross profit margins on
fuel than other states. However, United Pacific's concentration in
this state exposes the company to local, regional, and nationwide
economic swings as well as competitors' promotional activities from
the company's larger, more diversified peers.

Despite the company's high leverage and small scale, the B2 CFR
reflects United Pacific's long-term (5+ years) hedging agreement
with Phillips 66 (A3 negative), wherein United Pacific is paid an
annual management fee to sell Phillips 66 fuel at a majority of its
locations, which represents about 45% of United Pacific's total
gross profit. With approximately 80% of its gallons sold subject to
the hedging arrangement, United Pacific is less exposed to the
volatility inherent in fuel retail operations relative to its
peers. The stability in United Pacific's cash flows -- only about
20% of the company's total gross profit is subject to unhedged fuel
sales -- provides comfort against the company's high leverage. Also
supporting the rating is United Pacific's strong gross profit
margin on its fuel sales that are not subject to the hedging
agreement and its very good liquidity.

United Pacific's liquidity is considered very good as evidenced by
the company's good cash flow and cash balances. The company's free
cash flow will be sufficient to cover its debt service, capex, and
tax distributions with internally generated cash over the next 12
to 18 months. The company will have access to a $25 million senior
secured 5-year revolver, but Moody's does not expect the company
will need to utilize the revolver for its basic cash needs. The
credit agreement contains a senior secured net leverage financial
maintenance covenant (as defined) of 5.0x, with step downs. Moody's
expects the company will maintain adequate cushion over the next 12
to 18 months. With most of its assets leased and/or encumbered, the
company is not considered to have a material source of alternate
liquidity.

The B1 rating on the company's senior secured bank facility is one
notch above the Corporate Family Rating. The B1 rating reflects the
65% Family Recovery Rate which is customary per Moody's Lost Given
Default methodology when a company has only secured bank debt in
its capital structure. The secured bank rating also benefits from a
material amount of operating leases below it in the capital
structure.

The stable rating outlook reflects Moody's expectations that United
Pacific will improve its leverage to 6.5x over the next 12 to 18
months principally through mandatory amortization and excess cash
flow sweep payments.

Ratings could be upgraded if United Pacific were to maintain
leverage below 5.25x on a sustained basis with EBIT/interest
expense above 1.75x. An upgrade would also require the company
maintain at least good liquidity. A downgrade could occur if the
company's growth plans do not achieve a level of earnings
sufficient to maintain debt/EBITDA below 6.5x and EBIT/interest
above 1.25x.

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


AQUION ENERGY: Resumes Operations After Chapter 11 Exit
-------------------------------------------------------
Aquion Energy, Inc., the developer and manufacturer of Aqueous
Hybrid Ion (AHI) batteries and systems, on July 21, 2017, announced
the resumption of operations after successfully emerging from
Chapter 11 status.  The investing company, a majority-American
joint venture, is planning to rapidly rebuild strong technical,
operations, and commercial teams.  Delivering market-leading price,
performance, safety, and sustainability remains the core target of
the Aquion Energy Corp.

"Aquion Energy will be a stronger company after emerging from this
protection transition period.  We are refocused on technology and
go-to-market opportunities that will grow significant volume for
the company in the coming years.  Aquion's battery technology has
always been world leading.  We now need to focus on what we do best
– creating the safest, cleanest, and lowest cost per kWh-cycle
battery technology in the world – with a simple business model
that can effectively compete in the marketplace.  With a renewed
focus on expanding our product offerings into the growing markets
in China and other global markets, we intend to deliver the lowest
price per kWh-cycle battery in the world," stated Philip Juline,
CEO of the company.

Aquion has created a very promising energy storage platform and has
proven the technology is capable in hundreds of installations
worldwide.  The company has also captured many prestigious awards
including:  MIT's Top 100 Smartest Companies (2015, 2016), Global
Cleantech - North American Company of the Year (2017), Platt's
Energy - Rising Star Award (2016), and the EES Award for Energy
Storage (2015).

With a refocused team, the new ownership plans on rapid revenue
growth, "We are confident with our committed business orders and
aiming to build Aquion into a billion-dollar company in the
upcoming years.  We are only limited by our ability to ramp and
scale our operations," states Philip Juline.

                       About Aquion Energy

Pittsburgh, Pa.-based Aquion Energy Inc. manufactures saltwater
Batteries with a proprietary, environmentally-friendly
electrochemical design.  Aquion was founded in 2008 and had its
first commercial product launch in 2014.  Designed for stationary
energy storage in pristine environments, island locations, homes,
and businesses, its batteries have been Cradle to Cradle Certified,
an environmental sustainability certification that has never
previously been given to a battery producer.

Aquion Energy filed a Chapter 11 petition (Bankr. D. Del. Case No.
17-10500) on March 8, 2017.  Suzanne B. Roski, the CRO, signed the
petition.  The Debtor estimated $10 million to $50 million in
assets and liabilities.

Judge Kevin J. Carey presides over the case.

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

The official committee of unsecured creditors formed in the case
has retained Lowenstein Sandler LLP as counsel, and Klehr Harrison
Harvey Branzburg LLP as Delaware co-counsel.


B&F LANDSCAPE: Plan Outline Okayed, Plan Hearing on Aug. 17
-----------------------------------------------------------
The U.S. Bankruptcy Court for the District of New Jersey is set to
hold a hearing on August 17, at 10:00 a.m., to consider approval of
the Chapter 11 plan for B&F Landscape Factory, Inc.

The court will also consider at the hearing the final approval of
the company's disclosure statement, which it conditionally approved
on July 11.

The order set an August 10 deadline for creditors to file their
objections and cast their votes accepting or rejecting the plan.

                   About B&F Landscape Factory
      
B&F Landscape Factory, Inc. is a New Jersey company that supplies
stone, mulch, soil and hardscaping product.

B&F Landscape, a small business debtor, filed a voluntary Chapter
11 petition (Bankr. D.N.J. Case No. 16-31416) on November 8, 2016.
The petition was signed by Frank N. Stellaccio, president.  At the
time of filing, the Debtor estimated assets of less than $500,000
and liabilities of $1 million to $10 million.

The case is assigned to Judge Jerrold N. Poslusny Jr.  E. Richard
Dressel, Esq., at Flaster/Greenberg P.C., represents the Debtor as
bankruptcy counsel.  

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


BAILEY'S EXPRESS: Taps Pullman & Comley as Legal Counsel
--------------------------------------------------------
Bailey's Express, Inc. seeks approval from the U.S. Bankruptcy
Court for the District of Connecticut to hire legal counsel in
connection with its Chapter 11 case.

The Debtor proposes to hire Pullman & Comley, LLC to, among other
things, give legal advice regarding its duties under the Bankruptcy
Code, and assist in the preparation of a bankruptcy plan.

The standard rates charged by the firm range from $215 per hour for
associates to $700 per hour for senior partners.  The hourly rates
for paralegal services range from $190 to $315.

Elizabeth Austin, Esq., and Jessica Grossarth Kennedy, Esq., the
attorneys who will be handling the case, will charge $510 per hour
and $385 per hour, respectively.

The firm will receive a retainer in the amount of $100,000.

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

The firm can be reached through:

     Elizabeth J. Austin, Esq.
     Jessica Grossarth Kennedy, Esq.
     Pullman & Comley, LLC
     850 Main Street, P.O. Box 7006
     Bridgeport, CT 06601-7006
     Phone: 203-330-2000
     Email: eaustin@pullcom.com
     Email: jgrossarth@pullcom.com

                      About Bailey's Express

Headquartered in Middletown, Connecticut, Bailey's Express --
http://www.baileysxpress.com/-- is a less than truckload carrier.  
It provides service across the nation and is dedicated in helping
Connecticut, Massachusetts and Rhode Island
companies market their products throughout the U.S. including
Hawaii and Alaska.  It has distribution points in
Charlotte, Dallas, Denver, Easton, Fontana, Indianapolis,
Jacksonville, Memphis, Neenah, Phoenix, Salt Lake City and Toledo.
It also provides service to Mexico, Puerto Rico & Canada.

Bailey's Express filed for Chapter 11 bankruptcy protection (Bankr.
D. Conn. Case No. 17-31042) on July 13, 2017, estimating its assets
and liabilities at between $1 million and $10 million.  The
petition was signed by David Allen, chief financial officer.

Judge Ann M. Nevins presides over the case.

Elizabeth J. Austin, Esq., and Jessica Grossarth Kennedy, Esq., at
Pullman & Comley, LLC, serves as the Debtor's bankruptcy counsel.


BELK INC: Bank Debt Trades at 15% Off
-------------------------------------
Participations in a syndicated loan under BELK, Inc is a borrower
traded in the secondary market at 84.60 cents-on-the-dollar during
the week ended Friday, July 7, 2017, according to data compiled by
LSTA/Thomson Reuters MTM Pricing.  This represents a decrease of
1.34 percentage points from the previous week.  BELK, Inc pays 450
basis points above LIBOR to borrow under the $1.5 billion facility.
The bank loan matures on Nov. 19, 2022 and carries Moody's B2
rating and Standard & Poor's B rating.  The loan is one of the
biggest gainers and losers among 247 widely quoted syndicated loans
with five or more bids in secondary trading for the week ended July
7.


BILL BARRETT: Provides Commodity Price and Derivatives Update
-------------------------------------------------------------
Bill Barrett Corporation provided an update on certain second
quarter of 2017 items, including commodity price and derivatives
data and the weighted average basic and diluted shares
outstanding.

For the second quarter of 2017, West Texas Intermediate oil prices
averaged $48.29 per barrel, Northwest Pipeline natural gas prices
averaged $2.67 per MMBtu and NYMEX natural gas prices averaged
$3.19 per MMBtu.  The Company had derivative commodity swaps that
settled in the second quarter of 2017 for 6,625 barrels of oil per
day tied to WTI pricing at $58.10 per barrel, 10,000 MMBtu of
natural gas per day tied to NWPL regional pricing at $2.96 per
MMBtu and no hedges in place for NGLs.

Based on preliminary unaudited results, the Company expects to
realize a cash commodity derivative gain of $6.2 million in the
second quarter due to positive derivative positions.  The Company
expects its second quarter commodity price differentials to
benchmark pricing - before commodity derivative gains and taking
into account delivery location and quality adjustments - to
approximate: oil less $2.45 price per barrel versus WTI; and
natural gas less $0.24 per thousand cubic feet compared to NWPL.
The Denver-Julesburg Basin oil price differential averaged oil less
$2.16 per barrel in the quarter.  NGL prices averaged approximately
34% of the WTI price per barrel during the quarter.

The following table summarizes the Company's hedge position for
2017 and 2018 as of July 19, 2017:
                          Oil (WTI)

                              Volume          Price
           Period             Bbls/d          $/Bbl
           ------             ------          -----
            3Q17               7,125          58.77
            4Q17               7,125          58.77
            1Q18               6,750          53.20
            2Q18               6,750          53.20
            3Q18               4,500          52.35
            4Q18               4,500          52.35

                       Natural Gas (NWPL)      
  
               Volume                      Price
              MMBtu/d                     $/MMBtu
              -------                     -------
               10,000                       2.96
               10,000                       2.96

Realized sales prices will reflect basis differentials from the
index prices to the sales location.

The Company estimates that the weighted average common basic and
diluted shares for the second quarter will be approximately 74.8
million.

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

                     https://is.gd/snfiAd

                      About Bill Barrett

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

Bill Barrett reported a net loss of $170.4 million on $178.8
million of total operating revenues for the year ended Dec. 31,
2016, compared to a net loss of $487.8 million on $207.9 million of
total operating revenues for the year ended Dec. 31, 2015.
As of March 31, 2017, Bill Barrett had $1.40 billion in total
assets, $842.52 million in total liabilities and $559.22 million in
total stockholders' equity.


BISHOP GORMAN: $500,000 DIP Financing From Service Campaign OK'd
----------------------------------------------------------------
The Hon. August B. Landis of the U.S. Bankruptcy Court for the
District of Nevada has entered a final order authorizing Bishop
Gorman Development Corporation to obtain unsecured postpetition
financing in an aggregate principal amount of up to $500,000,
pursuant to the terms of this Final DIP Order and that certain
Debtor in Possession Revolving Credit Agreement with Service
Campaign Corporation.

The Debtor will utilize the proceeds of the Post-Petition Financing
to pay Professional Fees, U.S. Trustee fees, Clerk of the Court
fees and costs, and Lender's expenses incurred under the Credit
Agreement.  The Debtor will not be permitted to use the proceeds of
the loans: (i) to finance in any way any action, suit, arbitration,
proceeding, application, motion or other litigation of any type
adverse to the interests of Lender or its rights and remedies under
the Credit Agreement, the other Loan Documents, or the final DIP
court order.  

A copy of the Final DIP Order is available at:

           http://bankrupt.com/misc/nvb17-11942-152.pdf

As reported by the Troubled Company Reporter on May 24, 2017, the
Debtor asked the Court for permission to obtain $500,000 in
post-petition financing from Service Campaign.  The proceeds of the
Post-Petition Financing will be used to fund expenses of
administration of Debtor's Chapter 11 bankruptcy estate, including
allowed fees and expenses of professionals of the estate awarded by
the Court, any fees assessed by the Office of the U.S. Trustee, and
the fees of the Clerk of Court.

            About Bishop Gorman Development Corporation

Bishop Gorman Development Corporation is a charitable organization
with its principal assets located at 5959 S. Hualapai Way, Las
Vegas, Nevada.

Bishop Gorman Development filed for Chapter 11 bankruptcy
protection (Bankr. D. Nev. Case No. 17-11942) on April 17, 2017,
estimating assets and liabilities between $100 million and $500
million each. Deacon Aruna Silva, executive director, signed the
petition.

Judge August B. Landis presides over the case.

Brett A. Axelrod, Esq., at Fox Rothschild LLP serves as the
Debtor's bankruptcy counsel.  The Debtor hired Greenberg Traurig,
LLP, as its special litigation counsel, and Wallace Neumann &
Verville, LLP, as its accountant.


BLAIR OIL: Implementation and Execution of Chapter 11 Plan Revised
------------------------------------------------------------------
Blair Oil Investments, LLC filed with the U.S. Bankruptcy Court for
the District of Colorado a corrected amended plan of reorganization
and disclosure statement.

This plan asserts that the Debtor had various fixed assets,
including miscellaneous office equipment, undeveloped acreage,
working oil and gas interests, royalty interests, wells and
equipment, and inventory. When the Debtor's Schedules were filed in
this bankruptcy case, Mr. Blair gave a starting book value for
these assets of $2,128,033.37.

In the previous plan, the book value for the assets was only
$1,916, 417.33

The means for the implementation and execution of the plan have
also been changed.

It now states that in order to comply with federal and state
environmental regulations, the Debtor shall retain all assets that
remain on the Effective Date. The Debtor shall then commence
plugging certain of its wells which are no longer operating or do
not have any value. McCartney Engineering shall oversee the
Debtor's plugging operations to ensure compliance with all legal
requirements.

The Debtor has a few remaining oil and gas interests that do have
value. From and after the Effective Date, the Debtor shall
liquidate these assets for the benefit of creditors. The Debtor
shall also prosecute any collection and/or avoidance actions it
deems appropriate. As set forth more fully in the Plan, the Debtor
will make two distribution to creditors: an initial distribution
within 30 days after the Effective Date, and a final distribution
within one year after the Effective Date. The Debtor shall not,
except as otherwise provided in this Plan, be liable to repay any
debts which accrued prior to the Confirmation Date.

The Debtor shall fund its Plan obligations with cash from the sale
of its remaining assets and litigation recoveries. The Debtor's
bankruptcy case shall remain open for the term of this Plan to
provide for full administration and Court supervision.

The initial plan asserted that on the Effective Date, all assets of
the Debtor shall be transferred to the Reorganized Debtor free and
clear of all liens, claims and interests of creditors, equity
holders, and other parties in interest, except as otherwise
provided.

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

     http://bankrupt.com/misc/cob15-15009-225.pdf

               About Blair Oil Investments

Blair Oil Investments, LLC sought Chapter 11 protection (Bankr. D.
Col. Case No. 15-15009) May 7, 2015.  The Debtor estimated assets
and liabilities in the range of $1 million to $10 million.  The
Debtor tapped Harvey Sender, Esq., at Sender Wasserman Wadsworth,
P.C. as counsel.

Peter H. Blair filed his voluntary petition for relief under
Chapter 11 of the Bankruptcy Code also on May 7, 2015 (Case No.
15-15008).  On August 20, 2015, Mr. Blair's bankruptcy case was
converted to a case under Chapter 7.  Jeffrey A. Weinman is the
Chapter 7 trustee for Mr. Blair's bankruptcy estate.  Mr. Blair's
bankruptcy estate is the holder of 100% of the membership of BOI.


BUCKTAIL MEDICAL: Hearing on Plan Confirmation Set for Sept. 7
--------------------------------------------------------------
Judge John J. Thomas of the U.S. Bankruptcy Court for the Middle
District of Pennsylvania issued an order approving The Bucktail
Medical Center's disclosure statement, dated April 17, 2017,
referring to its chapter 11 plan.

August 18, 2017, is fixed as the last day for submitting written
acceptances or rejections of the plan.

August 18, 2017, is fixed as the last day for filing and serving
written objections to confirmation of the plan.

August 30, 2017, is fixed as the last day for filing a tabulation
of ballots accepting or rejecting the plan.

Sept. 7, 2017, at 9:30 a.m. in Courtroom No.2, Max Rosenn U.S.
Courthouse, 197 South Main Street, Wilkes-Barre, Pennsylvania, is
fixed for the hearing on confirmation of the plan.

The Troubled Company Reporter previously reported that, under the
plan, holders of Class 16 General Unsecured Claims will receive a
one-time distribution as payment in full of the allowed claim equal
to 5% of the allowed amount of the Class 16 claim, however, the
total distribution to Class 16 allowed claims is capped at
$60,000.

              About Bucktail Medical Center

The Bucktail Medical Center owns and operates a 21-bed Critical
Access Hospital, a 43 bed skilled nursing care facility, a basic
life-support ambulance, and a community health clinic.

The Debtor filed for Chapter 11 bankruptcy protection (Bankr. M.D.
Pa. Case No. 15-04297) on Oct. 2, 2015.  The Debtor's petition was
signed by Timothy Reeves, CEO.

Hon. John J. Thomas presides over the case. Kevin Joseph Petak,
Esq., and James R. Walsh, Esq., at Spence, Custer, Saylor, Wolfe &
Rose, LLC, serves as counsel to the Debtors.

In its petition, Bucktail Medical Center estimated assets of less
than 50,000 and liabilities of $1 million to $10 million.


CAFE TIRAMISU: Case Summary & 17 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Cafe Tiramisu, LLC
        28 Belden Place
        San Francisco, CA 94104

Type of Business: Cafe Tiramisu is a small business debtor as
                  defined in 11 U.S.C. Section 101(51D).  It owns
                  a restaurant serving Northern Italian cuisine.

Chapter 11 Petition Date: July 20, 2017

Case No.: 17-30699

Court: United States Bankruptcy Court
       Northern District of California (San Francisco)

Judge: Hon. Hannah L. Blumenstiel

Debtor's Counsel: James T. Cois, Esq.
                  LAW OFFICES OF JAMES T. COIS
                  P.O. Box 2705
                  San Francisco, CA 94126
                  Tel: (415) 561-1445
                  E-mail: JTCois@aol.com

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

Estimated Liabilities: $1 million to $10 million

The petition was signed by Giuseppe Spinoso, president and CEO.

The Debtor's list of 17 largest unsecured creditors is available
for free at http://bankrupt.com/misc/canb17-30699.pdf


CALMARE THERAPEUTICS: Incurs $3.82 Million Net Loss in 2016
-----------------------------------------------------------
Calmare Therapeutics Incorporated filed with the Securities and
Exchange Commission its annual report on Form 10-K disclosing a net
loss of $3.82 million on $1.10 million of revenue for the year
ended Dec. 31, 2016, compared to a net loss of $3.67 million on
$891,472 of revenue for the year ended Dec. 31, 2015.

As of Dec. 31, 2016, Calmare had $3.88 million in total assets,
$17.69 million in total liabilities, all current, and a total
shareholders' deficit of $13.81 million.

The Company's liquidity requirements arise principally from its
working capital needs, including funds needed to find and market
new or existing technologies or products, and protect and enforce
its intellectual property rights, if necessary.  The Company funds
its liquidity requirements with a combination of cash on hand and
cash flows from operations, if any, including royalty legal awards,
short term debt, and sales of common stock.  At Dec. 31, 2016, the
Company had outstanding debt, in the form of promissory notes with
a total principal amount of $6,059,000 and a carrying value of
$6,028,000.

"Our future cash requirements depend on many factors, including
results of our operations and marketing efforts, results and costs
of our legal proceedings, and our equity financing.  To achieve and
sustain profitability, we are implementing a corporate
reengineering effort, which commenced on September 26, 2013 under
the direction of the Company's president & CEO, Mr. Conrad Mir.
This plan design will change the inherent design of the current
distributor network and focus on opportunities within the US
Departments of Defense (the "DOD") and Veterans Affairs ("VA"), and
set out to upgrade the Company's current U.S. Food and Drug
Administration ("FDA") clearance designation for the Calmare Device
to approval.  Although we cannot be certain that we will be
successful in these efforts, we believe the combination of our cash
on hand and revenue from executing our strategic plan will be
sufficient to meet our obligations of current and anticipated
operating cash requirements," the Company stated in the report.

At Dec. 31, 2016, cash was $13,000, as compared with $50,000 at
Dec. 31, 2015.  Net cash used in operating activities was
$(1,237,000) for 2016 as compared to $(1,531,000) for 2015,
primarily reflecting the decrease in the net loss in 2016 compared
to 2015, as well as decreases in stock option expense, accounts
payable, prepaid expenses and accrued expenses partially offset by
an increase in the use of inventory and prepaid expenses.  There
was minimal investing activity in 2016 and 2015.  Net cash provided
by financing activities was $1,200,000 for 2016 as compared to
$1,580,000 for 2015 primarily as a result of the Company's debt
financing activities in both years.

"We currently have the benefit of using a portion of our
accumulated NOLs to eliminate any future regular federal and state
income tax liabilities.  We will continue to receive this benefit
until we have utilized all of our NOLs, federal and state. However,
we cannot determine when and if we will be profitable and thus able
to utilize the benefit of the remaining NOLs before they expire."

At Dec. 31, 2016, the Company had aggregate federal net operating
loss carryforwards of approximately $50,110,000, which expire at
various times from 2017 through 2036.  A majority of the Company's
federal NOLs can be used to reduce taxable income used in
calculating the Company's AMT liability.  The Company also has
state net operating loss carry forwards of approximately
$48,548,000 that expire through 2036.

A significant portion of the NOLs remaining at Dec. 31, 2016,
approximately $4,308,000, was derived from income tax deductions
related to the exercise of stock options.

Mayer Hoffman McCann CPAs, in New York, New York, issued a "going
concern" opinion in its report on the consolidated financial
statements for the year ended Dec. 31, 2016, noting that the
Company has incurred operating losses since fiscal year 2006 and
has a working capital and shareholders' deficit at Dec. 31, 2016.
These conditions raise substantial doubt about the Company's
ability to continue as a going concern.

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

                     https://is.gd/5q0Igf

                  About Calmare Therapeutics

Calmare Therapeutics Incorporated, formerly known as Competitive
Technologies, Inc. -- http://www.calmaretherapeutics.com/--
provides distribution, patent and technology transfer, sales and
licensing services focused on the needs of its customers and
matching those requirements with commercially viable product or
technology solutions.  Sales of the Company's Calmare(R) pain
therapy medical device continue to be the major source of revenue
for the Company.  The Company currently employ the full-time
equivalent of seven people.


CANNELLE PATISSERIE: Exit Plan to Pay Unsecured Creditors 5%
------------------------------------------------------------
Cannelle Patisserie Inc. is now a step closer to emerging from
Chapter 11 protection after a bankruptcy court approved the outline
of its plan of reorganization.

The U.S. Bankruptcy Court for the Eastern District of New York on
July 13 conditionally approved the disclosure statement, allowing
the company to begin soliciting votes from creditors.

The order set a July 20 deadline for creditors to file their
objections and cast their votes accepting or rejecting the proposed
plan.

The court will hold a hearing on July 27, at 3:00 p.m. (Eastern
Time), to consider final approval of the disclosure statement and
confirmation of the plan.  

The restructuring plan proposes to pay creditors holding Class 2
general unsecured claims 5% of the allowed claims or $11,926.33.
These creditors will be paid in 12 equal monthly installments of
$993.86 to be distributed pro rata, starting on the effective date
of the plan.

The company estimated the total amount of general unsecured claims
at $238,526.60.  Class 2 is impaired.

Cannelle Patisserie will fund the plan through its operations.
Through April 30, 2017, the company has net income of $303,731 or
$46,728 per month, which is enough to fund its obligations
according to the company's disclosure statement.

A copy of the disclosure statement is available for free at
https://is.gd/0blGhA

                 About Cannelle Patisserie Inc.

Cannelle Patisserie Inc. filed a Chapter 11 bankruptcy petition
(Bankr. E.D.N.Y. Case No. 16-44577) on October 11, 2016.  The
petition was signed by Jean-Claude Perrenau, president.  At the
time of the filing, the Debtor estimated assets of less than
$100,000 and liabilities of less than $1 million.

The Debtor is represented by Daniel C. Marotta, Esq. and Richard M.
Gabor, Esq., at Gabor & Marotta LLC.


CAPITAL TEAS: May Use Cash Until July 31, Obtain $175K Financing
----------------------------------------------------------------
The Hon. Robert A. Gordon of the U.S. Bankruptcy Court for the
District of Maryland has authorized Capital Teas, Inc., to use cash
collateral until 11:59 p.m. on July 31, 2017, and obtain
postpetition financing up to an aggregate outstanding principal
amount of not greater than $175,000.

The hearing to consider the Debtor's request will be held at 10:00
a.m. on July 24, 2017.

The loan will be repaid at an 18% per annum interest rate with a
maturity of the earliest of (i) Dec. 31, 2018, (ii) the occurrence
of a final sale, (iii) entry of an order confirming any plan of
reorganization under Section 1129 of the U.S. Bankruptcy Code or an
order authorizing the sale of all or substantially all of the
Debtor's assets under Section 363 of the Bankruptcy Code; (iv)
entry of an order appointing a Chapter 11 Trustee or an examiner
under Sections 1104 or 1112 of the Bankruptcy Code, converting this
case to one under Chapter 7, or dismissing this case; (v) the
Debtor ceasing operations at more than 50% of its currently open
stores; (vi) closing on Court-approved refinancing; or (vii) an
Event of Default under the Credit Agreement.

It appears that the current value of the Debtor's assets do not
exceed the value of the debts held by Willard Umphrey, USB Focus
Fund XXIX, LLC, and USB Focus Fund Capital Teas 2, LLC.  Strategic
Funding Source, Inc., WebBank, Edward Don & Co., Crestview
Financial, LLC, and Ace Funding Source, LLC, will also be treated
as a Secured Party and entitled to the adequate protection provided
herein, provided that neither these parties nor the Secured Parties
will seek a remedy relating to the protected interest until and
unless it establishes that it held claims as of the Petition Date
that were secured by value in the Debtor's collateral.

The Secured Parties assert that their interests are secured by
liens on substantially all of the Debtor's assets, including cash
collateral.

The ability of the Debtor to finance its operations and the
availability of sufficient working capital and liquidity are vital
to the Debtor's ability to preserve its assets, maintain its
operations and secure counsel to represent it in this bankruptcy
case.  The Debtor has an immediate and critical need to use cash
collateral on an interim basis and to obtain credit on an interim
basis in order to, among other things, enable the orderly
continuation of its operations and to administer and preserve the
value of its estate.  The ability of the Debtor to maintain
business relationships with its vendors, suppliers and customers,
to pay their employees and otherwise finance its operations
requires the availability of working capital from the DIP financing
and the use of cash collateral, the absence of either of which
would immediately and irreparably harm the Debtor, its estate, and
parties-in-interest.

If the Debtor is unable to use its cash, including cash collateral
for the purposes, the recoveries for all creditors, including the
Secured Parties, will be greatly reduced, since under a "shut-down"
scenario the value of the Debtor's estate would decline
dramatically.

Authorization to obtain postpetition financing and use cash
collateral is (i) critical to the Debtor's ability to maximize
value for its creditors, (ii) in the best interests of the Debtor
and its estate, and (iii) necessary to avoid immediate and
irreparable harm to the Debtor, its creditors, assets, businesses,
goodwill and reputation.

The Debtor does not have sufficient available sources of working
capital and unencumbered cash with which to continue to operate its
business in Chapter 11.  The Debtor requires immediate authority to
obtain postpetition financing and use cash collateral to continue
its business operations without interruption and to pay counsel to
successfully guide it through Chapter 11 reorganization.  The
Debtor must be authorized to obtain postpetition financing and use
the Secured Parties' cash collateral to meet its ordinary course of
business cash needs for the payment of its approved prepetition
payroll, its retainer for counsel and actual postpetition expenses
including, but not limited to, ordinary and necessary overhead
expenses, taxes, insurance, utilities, and other routine and
necessary vendors and other expenses as reflected in the Interim
Budget through the date of the final hearing.

In order to secure the DIP Financing, effective immediately upon
entry of the interim court order, pursuant to Section 364(d) of the
Bankruptcy Code, the lender is granted, continuing, valid, binding,
enforceable, non-avoidable, and automatically and properly
perfected liens, senior in priority to any other security interest,
on all assets, whether now existing or hereafter arising, to secure
the Debtor's obligations under the DIP financing.  The lender will
also have a superpriority administrative expense claim under
Section 503(b) of the Bankruptcy Code.

As adequate protection for the use of Cash Collateral, the Secured
Parties are granted a replacement lien under 11 U.S.C. § 361(2),
junior only to the lien of lender: (i) to the extent the Secured
Parties' cash collateral is used by the Debtor and such use results
in a diminution of the value of their cash collateral; (ii) to the
extent prepetition liens are valid; and (iii) a superpriority claim
pursuant to 11 U.S.C. Section 507(b) limited to the extent of the
diminution of the Secured Parties' interest in cash collateral such
that the Secured Party is placed in an undersecured position.

A copy of the court order is available at:

           http://bankrupt.com/misc/mdb17-19426-23.pdf

                     About Capital Teas Inc.

Capital Teas, Inc. -- http://www.capitalteas.com/-- is a retailer

offering green, white, black, oolong, rooibos, mate, fruit tisane,
and herbal tea products.  The Debtor first opened its doors in
2007.  Peter Martino is chief executive officer of the Debtor.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. Md. Case No. 17-19426) on July 11, 2017.  Mr.
Martino signed the petition.  

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

Lawrence J. Yumkas, Esq., and Lisa Yonka Stevens, Esq., at Yumkas,
Vidmar, Sweeney & Mulrenin, LLC, serve as the Debtor's legal
counsel.

Judge Robert A. Gordon presides over the case.


CAR CHARGING: Robert Schweitzer Appointed to Board of Directors
---------------------------------------------------------------
Car Charging Group, Inc., announced that Robert Schweitzer has been
appointed to the Company's Board of Directors.

In connection with the Company's application to have its shares of
common stock listed on a national securities exchange, the majority
of the Company's Board members need to be independent.  In order to
meet this objective, CarCharging's President, Andy Kinard, resigned
as a Board member.  With the appointment of Mr. Schweitzer and the
resignation of Mr. Kinard, the majority of the Company's directors
is now independent.  Mr. Kinard remains a valuable employee of the
Company.

Mr. Schweitzer has extensive experience as a corporate director and
in executive management, financial services, and real estate. Mr.
Schweitzer currently serves on the Board of Directors for two
public companies.  He serves as Chairman of the Board for
1-800-PetMeds (NASDAQ: PETS) and as Lead Independent Director for
OmniComm Systems Inc. (OTC: OMCM).

Mr. Schweitzer most recently served as president and chief
operating officer of Shay Investment Services, a holding company
whose subsidiaries include Shay Financial Services Inc., a national
association of securities dealers and brokers and Shay Assets
Management Inc., an investment advisory firm.  Prior to that, he
served as president and chief executive officer of Equinox Bank and
Northwest Savings Bank, and also as Regional President for Union
Planters Bank (now Regions Bank).  Mr. Schweitzer also worked as
executive vice president and director Corporate Banking Group for
Bank of America/Nationbank/Barnett Bank, Inc., Director and Head of
the Real Estate, Construction & Environmental Consulting Group for
Coopers & Lybrand, Washington, D.C., vice president & Manager of
Mid-Continent Real Estate Division, The First National Bank of
Chicago, and senior vice President and manager of Central North
American Banking Group at Wachovia Corporation.

"We are delighted to add Robert Schweitzer to our Board of
Directors as another independent Board member," stated Michael D.
Farkas, CarCharging's executive chairman and founder.  "We believe
that Robert's executive management and financial expertise will be
a great addition to our current Board of Directors and will assist
us in meeting the necessary requirements for being listed on a
national securities exchange."

"I am looking forward to working with CarCharging's Board and
management team to help the Company reach its vast potential in
this rapidly accelerating market," stated Robert Schweitzer.

Mr. Schweitzer received his Master of Business Administration from
University of North Carolina at Chapel Hill and his Bachelor of
Science from the United States Naval Academy in Annapolis,
Maryland.  Mr. Schweitzer served for 30 years in the US Navy and
Navy Reserves Nuclear Submarine Force, and retired with a rank of
Captain.  He is a certified Florida Supreme Court Mediator and
certified FINRA arbitrator.  He is also a licensed real estate
broker in North Carolina and Florida.

In connection with Mr. Schweitzer's appointment as a director of
the Company, he signed a Board of Directors Offer Letter Agreement
on July 14, 2017.  The Director's Agreement took effect upon the
Board's appointment of Mr. Schweitzer on July 17.  Pursuant to the
Director's Agreement, Mr. Schweitzer will receive 500,000 shares of
the Company's restricted common stock by Aug. 1, 2017.  The Company
is currently in the process of pursuing: (i) a public offering of
its securities; and (ii) the listing of its shares of common stock
on a national securities exchange.  Upon the sooner to occur of:
(i) 20 calendar days after the closing of the Offering; and (ii)
Oct. 31, 2017, the Board will vote upon and approve a compensation
package for each Board member.  Such vote will ensure that Mr.
Schweitzer will be paid commensurate with his duties as Chairman of
the Audit Committee, Chairman of the Compensation Committee, and
member of the Nominating and Corporate Governance Committee, and
lead "Independent Director".

                       About Car Charging

Miami Beach, Florida-based Car Charging Group, Inc. --
www.CarCharging.com -- is an owner, operator, and provider of
electric vehicle charging equipment and networked EV charging
services.  The Company offers both residential and commercial EV
charging equipment, enabling EV drivers to easily recharge at
various location types.

Car Charging reported a net loss attributable to common
shareholders of $9.16 million on $3.32 million of total revenues
for the year ended Dec. 31, 2016, compared with a net loss
attributable to common shareholders of $9.58 million on $3.95
million of total revenue for the year ended Dec. 31, 2015.

As of March 31, 2017, Car Charging had $2 million in total assets,
$25.81 million in total liabilities, $825,000 in series B
convertible preferred stock, and a $24.62 million total
stockholders' deficiency.

Marcum LLP, in New York, issued a "going concern" qualification on
the consolidated financial statements for the year ended Dec. 31,
2016, citing that the Company has incurred net losses since
inception and needs to raise additional funds to meet its
obligations and sustain its operations.  These conditions raise
substantial doubt about the Company's ability to continue as a
going concern.


CARRINGTON FARMS: Seeks to Use $160K Cash Through Oct. 31
---------------------------------------------------------
Carrington Farms Condominium Owners' Association seeks
authorization from the U.S. Bankruptcy Court for the District of
New Hampshire to use up to $159,983 of the proceeds of its accounts
and other cash collateral to pay the costs and expenses for the
period starting Aug. 1, 2017, and ending on Oct. 31, 2017.

The Debtor will pay Granite Bank the sum of $5,342.55 on each of
Aug. 7, 2017, Sept. 6, 2017, and Oct. 6, 2017.

The Debtor proposes to grant Granite Bank a replacement lien on the
collateral on which it holds a lien:

     a. all deposit accounts;

     b. an assignment of the right to assess and collect
        condominium fees; and

     c. all proceeds and products of the collateral.

The Debtor's income is relatively stable as shown by the budget
which projects the collection during the use period of $52,869.35
each month for the months of August, September and October 2017,
respectively.  

During this case, the Debtor sought and received permission to
spend a total of $270,168.10 in cash collateral, but only spent
$210,000.  The Budgets approved by this Court included $5,400 per
month for the months of March, April, May and July 2017 and $6,500
for the month of June 2017 or a total of $28,100 to pay Liberty
Utilities, which was the amount due based on the parties outside of
bankruptcy budget plan.  The Debtor continues to request $5,400 per
month in keeping with the budget plan even though its actual
expense for gas will be lower during the Use Period.  The Debtor
paid Liberty approximately $14,000 by a check that was not cashed
because of the parties" negotiations regarding the payment of the
pre-petition Liberty claim in lieu of a larger deposit.  Liberty
will void the check.  The parties have concluded successfully their
negotiations as shown by the Debtor's Ex Parte Non-Adversarial
Motion for Order Permitting Debtor to Pay Liberty Utilities (New
Hampshire)'s Pre-Petition Utility Claim in Lieu of Deposit or,
Alternatively, Provide Adequate Protection in the Form of a
Deposit.  As a result, the Debtor will pay Liberty the sum of
$26,500 during the month of July, 2017 (Which will be shown in the
July 2017 MOR), but the payment will come from the money made
available by previously entered cash collateral court orders.

The "Bldg. Repairs/Maintenance" line is higher than the $6,000 per
month accrual number used in previous budgets.  The Debtor did not
allocate any money for this item in the previous Budget.  As a
result, the Debtor increased the amount allocated for maintenance.

On the Petition Date, the Debtor had cash on hand in the amount of
$147,322.81.

The Budget projects the collection of $158,608.05 in condominium
fees and other revenues over the Use Period.

The Budget projects the use and expenditure of $159,982.65 in cash
collateral during the Use Period.  The Budget includes the
$5,342.55 per month to be paid to the bank as adequate protection
payments.  As a result, the Debtor will be able to pay all of its
current financial liabilities without depleting its cash on hand on
the Petition Date.

At the end of the Use Period, the Debtor expects to have
$178,625.40 in cash on hand -- $31,302.59 more than the amount of
the Bank deposits on the Petition Date.  Its operating account and
reserve accounts should have $96,595.11 and $82,030.29,
respectively.

The Debtor will provide the Bank with a replacement lien on (i) the
Bank Collateral with the same perfection and priority that it had
in assets prior to the Petition Date, and (ii) the Debtor's
post-petition assets of the same kinds, nature, and types as the
Bank Collateral, as well as the proceeds thereof.  The Replacement
Liens will be deemed valid and perfected notwithstanding the
requirements of non-bankruptcy law and will be senior to any
security interests, liens or allowed superpriority claim
subsequently granted to any other person or entity.

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

            http://bankrupt.com/misc/nhb17-10137-120.pdf

As reported by the Troubled Company Reporter on June 22, 2017, the
Court the Debtor permission to continue using up to $99,704 in cash
collateral to pay the costs and expenses incurred by the Debtor in
the ordinary course of business from June 1, 2017, until
July 31, 2017.  

                    About Carrington Farms
                Condominium Owners Association

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

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


CARRINGTON FARMS: Unsecureds to Get 50% Dividend in 120 Months
--------------------------------------------------------------
Carrington Farms Condominium Owners' Association filed with the
U.S. Bankruptcy Court for the District of New Hampshire a
disclosure statement dated July 12, 2017, pertaining to the
Debtor's plan of reorganization.

Class 6 General Unsecured Class will get a dividend of 50% of each
allowed claim, without interest, in 120 consecutive, equal monthly
installments.  Projected dividend is a total of $990 per month
shared pro rata by creditors holding allowed claims.

The Debtor may waive a condition precedent by filing a written
notice of waiver with the Court.  The Debtor expects the Plan to
become effective on Oct. 1, 2017.  On the Effective Date, the Plan
will become a valid and binding contract and will be enforceable by
and against the Debtor and all plan parties in accordance with
applicable state and federal law.  In essence, the Plan creates a
new relationship between the Debtor and the other plan parties
although it may be based in whole or in part on pre-petition
documents in the case of allowed secured creditors.

A copy of the Disclosure Statement is available at:

          http://bankrupt.com/misc/nhb17-10137-114.pdf

                    About Carrington Farms
                Condominium Owners Association

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

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


CARVER BANCORP: Form 10-K Delay Triggers Nasdaq Noncompliance
-------------------------------------------------------------
Carver Bancorp, Inc., disclosed that on July 17, 2017, the Company
received a letter from the Nasdaq Stock Market stating that the
Company is not in compliance with Nasdaq Listing Rule 5250(c)(1)
because it did not timely file its Annual Report on Form 10-K for
the period ended March 31, 2017, with the U.S. Securities and
Exchange Commission.

As previously disclosed, the Company was unable to file its Form
10-K on time because, after consultation with BDO USA, LLP, the
Company's independent registered public accounting firm, the
Company has determined that it will restate its consolidated
financial statements for the fiscal year ended March 31, 2016, and
its unaudited interim financial statements for each of the fiscal
quarters ended June 30, 2015, through Dec. 31, 2016.

The Nasdaq Stock Market letter states that the Company has until
Sept. 15, 2017, to submit a plan to regain compliance with its
rules.

The Company said it is working diligently with its auditors and
other external advisers to complete the necessary work required to
file its Form 10-K for the period ended March 31, 2017, with the
SEC.  The Company intends to notify the Nasdaq Stock Market of such
filing as soon as it is practicable.

                    About Carver Bancorp

Carver Bancorp, Inc., is the holding company for Carver Federal
Savings Bank, a federally chartered stock savings bank.  Carver --
http://www.carverbank.com/-- was founded in 1948 to serve
African-American communities whose residents, businesses, and
institutions had limited access to mainstream financial services.
In light of its mission to promote economic development and
revitalize underserved communities, Carver has been designated by
the U.S. Department of the Treasury as a community development
financial institution.  Carver is the largest African- and
Caribbean-American managed bank in the United States, with nine
full-service branches in the New York City boroughs of Brooklyn,
Manhattan, and Queens.

Carver Bancorp reported a net loss attributable to the Company of
$170,000 for the year ended March 31, 2016, following a net loss
attributable to the Company of $272,000 for the year ended March
31, 2015.  As of Dec. 31, 2016, Carver had $698.9 million in total
assets, $647.5 million in total liabilities, and $51.42 million in
total equity.

KPMG LLP, in New York, issued a "going concern" qualification on
the consolidated financial statements for the year ended March 31,
2016, citing that the Company has deferred interest payments on its
junior subordinated debentures through March 31, 2016.  Under the
terms of the debentures, the Company may defer payments for up to
twenty consecutive quarters without creating an event of default.
Payment for the twentieth quarterly interest deferral period is due
in September 2016 and is subject to approval by the Company's
banking regulator.  The auditors said the ability of the Company to
meet its debt service obligations raises substantial doubt about
its ability to continue as a going concern.


CARVER BANCORP: Will Restate Previously Filed Financial Statements
------------------------------------------------------------------
As previously disclosed, management of Carver Bancorp, Inc. has
identified material weaknesses in the Company's internal control
over financial reporting and has been engaged in an ongoing review
of its financial reporting and reconciliation practices and
remediation of related control weaknesses with the assistance of
its new chief financial officer, who joined the Company in March
2016.  In conjunction with the ongoing review of reconciliations
and internal controls, approximately $1.8 million of reconciling
items were identified as uncollectable and written off primarily
during the fourth quarter of fiscal 2017; management has reviewed
and evaluated the items written off and has concluded that $1.2
million of these write-offs should be  accounted for in prior
periods.  Management's current evaluation of the items written off
indicates that approximately $420,000 of the amount written off
should be accounted for in fiscal 2016 and the remainder should be
accounted for in years prior to fiscal 2016.  On July 7, 2017, upon
the recommendation of management, the Audit and Finance Committee
of the Board of Directors determined that the combined effect of
the items written off was material to the Company's financial
statements and that the Company would restate its financial
statements for the fiscal year ended March 31, 2016, and its
unaudited interim financial statements for the fiscal quarters
ended June 30, 2015, through Dec. 31, 2016.  Accordingly, the
Company's financial statements for those fiscal periods previously
filed with the SEC, including interim periods within such fiscal
years, should no longer be relied upon.  In addition, any
previously issued press release or other publicly issued statement
by the Company containing financial information for such periods
should not be relied upon.

The Audit Committee has engaged the Company's current independent
registered public accounting firm, BDO USA, LLP, to reaudit the
Company's financial statements for the fiscal year ended March 31,
2016.  As previously disclosed, BDO was retained by the Company as
its independent accounting firm in July 2016.  Although the Company
cannot at this time estimate when the reaudit of its consolidated
financial statements for fiscal 2016 will be completed, it is
diligently pursuing completion of the reaudit and intends to file
the Form 10-K as soon as reasonably practicable. Following
completion of such reaudit, the Company plans to file restated
financial statements for the affected fiscal period along with its
financial statements for fiscal 2017.  The Company does not expect
to timely file its Quarterly Report on Form 10-Q for the fiscal
quarter ended June 30, 2017, by the Aug. 14, 2017, deadline.

The Company has informed KPMG LLP, the Company's former independent
registered public accounting firm, of the matters disclosed in this
filing.  The Audit Committee and the Company's management have
discussed the matters disclosed in this Current Report on Form 8-K
with BDO.

                      About Carver Bancorp

Carver Bancorp, Inc., is the holding company for Carver Federal
Savings Bank, a federally chartered stock savings bank.  Carver --
http://www.carverbank.com/-- was founded in 1948 to serve
African-American communities whose residents, businesses, and
institutions had limited access to mainstream financial services.
In light of its mission to promote economic development and
revitalize underserved communities, Carver has been designated by
the U.S. Department of the Treasury as a community development
financial institution.  Carver is the largest African- and
Caribbean-American managed bank in the United States, with nine
full-service branches in the New York City boroughs of Brooklyn,
Manhattan, and Queens.

Carver Bancorp reported a net loss attributable to the Company of
$170,000 for the year ended March 31, 2016, following a net loss
attributable to the Company of $272,000 for the year ended March
31, 2015.  As of Dec. 31, 2016, Carver had $698.9 million in total
assets, $647.5 million in total liabilities, and $51.42 million in
total equity.

KPMG LLP, in New York, issued a "going concern" qualification on
the consolidated financial statements for the year ended March 31,
2016, citing that the Company has deferred interest payments on its
junior subordinated debentures through March 31, 2016.  Under the
terms of the debentures, the Company may defer payments for up to
twenty consecutive quarters without creating an event of default.
Payment for the twentieth quarterly interest deferral period is due
in September 2016 and is subject to approval by the Company's
banking regulator.  The auditors said the ability of the Company to
meet its debt service obligations raises substantial doubt about
its ability to continue as a going concern.


CAYOT REALTY: Wells Fargo Opposes Approval of Plan
--------------------------------------------------
Wells Fargo Bank, National Association, asked the U.S. Bankruptcy
Court for the Southern District of New York to deny approval of the
latest Chapter 11 plan and disclosure statement proposed by Cayot
Realty, Inc.

In a court filing, Wells Fargo argued the amendments made to the
original documents "do not bring [Cayot's] case closer to
confirmation and do not provide creditors with the recoveries to
which they are entitled."

"On the merits, the amended plan and amended disclosure statement
now before the court suffer from the same infirmities as the
original plan and original disclosure," the bank said.  

Wells Fargo further argued that the latest plan also seeks to
proceed on a "no one can vote" basis.

Wells Fargo can be reached through:

     Thomas A. Draghi, Esq.
     Westerman Ball Ederer
     Miller Zucker & Sharfstein, LLP
     1201 RXR Plaza
     Uniondale, NY 11556
     Tel: (516) 622-9200

                        About Cayot Realty

Cayot Realty Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D.N.Y. Case No. 16-22664) on May 16,
2016.  The petition was signed by Charles L. Cayot III, president.

The case is assigned to Judge Robert D. Drain.  The Debtor
disclosed total assets of $3.02 million and total debts of $2.15
million.

On April 7, 2017, the Debtor filed a Chapter 11 plan of
reorganization and disclosure statement.


CHANDLER HEALTH: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Affiliated debtors that filed Chapter 11 bankruptcy petitions:

     Debtor                                        Case No.
     ------                                        --------
     Chandler Health & Rehab Center, LLC           17-51550
     PO Box 1277
     Forsyth, GA 31029
     
     Fairhope Health & Rehab, LLC                  17-51551
     PO Box 1277
     Forsyth, GA 31029

     Meadowbrook Extended Care, LLC                17-51552
     PO Box 1277
     Forsyth, GA 31029

     Ridgeview Extended Care, LLC                  17-51553
     PO Box 1277
     Forsyth, GA 31029

Type of Business: Each of the debtors is engaged in the healthcare

                  business as defined in 11 U.S.C. Sec. 101(27A).

                  Chandler Health owns a rehabilitation center in
                  Alabaster, Alabama.

                  Fairhope Health & Rehab owns a rehabilitation
                  center in Fairhope, Alabama.

                  Meadowbrook Extended Care is a nursing homes
                  operator based in Birmingham, AL.

                  Ridge View is an assisted living community
                  located off of highway 280 in the Meadow Brook
                  area.  Ridge View has 46 spacious Assisted
                  Living apartments with various floor plans.  Its

                  community features a private dining room, front
                  porch, patio areas, library, courtyard, hair
                  salon, and community living room for its
                  residents and their families to enjoy.

Chapter 11 Petition Date: July 20, 2017

Court: United States Bankruptcy Court
       Middle District of Georgia (Macon)

Debtors' Counsel: Wesley J. Boyer, Esq.
                  BOYER LAW FIRM, L.L.C.
                  348 Cotton Avenue, Ste 200
                  Macon, GA 31201
                  Tel: 478-742-6481
                  E-mail: wjboyer_2000@yahoo.com
                          wes@wesleyjboyer.com

                                       Estimated   Estimated
                                        Assets    Liabilities
                                       ---------- -----------
Chandler Health & Rehab Center, LLC    $500K-$1M   $1M-$10M
Fairhope Health & Rehab, LLC           $500K-$1M   $1M-$10M
Meadowbrook Extended Care, LLC         $500K-$1M   $500K-$1M
Ridgeview Extended Care, LLC           $500K-$1M   $100K-$500K

The petitions were signed by Michael E. Winget, Sr., managing
member.

Chandler Health & Rehab Center's list of 20 largest unsecured
creditors is available for free at:

            http://bankrupt.com/misc/gamb17-51550.pdf

Fairhope Health & Rehab's list of 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/gamb17-51551.pdf

Meadowbrook Extended Care's 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/gamb17-51552.pdf

Ridgeview Extended Care's list of 12 unsecured creditors is
available for free at http://bankrupt.com/misc/gamb17-51553.pdf

Pending bankruptcy cases filed by affiliates:

                                                       Petition
  Debtor                           Court     Case No.    Date  
  ------                           -----     --------  --------
Gordon Oaks at Greystoke, LLC      M.D. Ga.  17-51472    7/12/17
Porter Field Health
   & Rehab Center, LLC             M.D. Ga.  17-51362    6/27/17


CHIEFTAIN SAND: Unsecureds to Get Nothing Under Liquidating Plan
----------------------------------------------------------------
General unsecured creditors will get nothing under the Chapter 11
plan of liquidation jointly proposed by Chieftain Sand and
Proppant, LLC, and Chieftain Sand and Proppant Barron, LLC.

Under the liquidating plan, creditors holding allowed Class 5
general unsecured claims will receive no distribution, are deemed
to have rejected the plan, and are not entitled to vote.

The estimated amount of general unsecured claims range from $6.04
million to $20 million.

The plan will be funded from cash available on and after the
effective date, including funds available from the liquidation of
the remaining assets and resolution of causes of action, according
to the companies' disclosure statement filed with the U.S.
Bankruptcy Court in Delaware.

A copy of the disclosure statement is available for free at
https://is.gd/Axq1bj

            About Chieftain Sand and Proppant, LLC

Chieftain Sand and Proppant, LLC, is a privately-owned producer of
hydraulic fracturing sand("Frac Sand"), a monocrystalline sand used
as a proppant (a solid material, typically sand, designed to keep
an induced hydraulic fracture open) to enhance oil and gas product
recovery in petroleum-rich unconventional shale deposits.  Frac
Sand is known as a "proppant" because it props the fractures open
by forming a network of pore spaces that allow petroleum fluids to
flow out of the rock and into the well.

Chieftain Sand and Proppant, LLC and affiliate Chieftain Sand and
Proppant Barron, LLC, sought Chapter 11 protection (Bankr. D. Del.
Lead Case No. 17-10064) on Jan. 9, 2017. Judge Kevin Gross presides
over the cases.

The Debtors hired Gibbons P.C. as counsel; Eisner Amper LLP as
financial advisor; Tudor Pickering Holt Co. as investment bankers;
KPMG LLP as auditor; and Donlin, Recano & Company, Inc., as claims
and noticing agent.

                         *     *     *

On March 27, 2017, the Bankruptcy Court approved the sale of
substantially all of the assets of Chieftain Sand and Proppant, LLC
to Mammoth Energy Services, Inc., for $35.25 million. Mammoth
intends to finance the $35.25 million purchase price with cash on
hand and borrowings under its revolving credit facility.


CORONA BUMPERS: Access to Continental's Cash Collateral Denied
--------------------------------------------------------------
The Hon. Stephen L. Johnson of the U.S. Bankruptcy Court for the
Northern District of California has denied Corona Bumpers, Inc.'s
motion to use cash collateral of Continental Bank.

A motion to use cash collateral must include: (1) a budget and the
amount of cash collateral sought to be used; (2) the name and
address of each entity with an interest in the cash collateral; (3)
facts demonstrating the need to use cash collateral and the
material terms; and (4) the method of adequate protection to be
provided those with an interest in the collateral

The Court's guidelines for cash collateral & financing motions and
stipulations impose additional requirements, including at a
minimum, a certification signed by the Debtor's counsel that the
motion to use cash collateral complies with the Guidelines.

The Debtor's motion has no information on the amounts of the cash
collateral, the monthly revenues, and the monthly operational
expenses.  The motion lacks basic factual allegations, does not
contain a budget, and has no supporting evidence.  The Debtor
conclusorily states that the collateral is not declining in value
and that the value is $53,500, but Debtor does not identify the
collateral or provide any evidentiary support.  The Debtor also
conclusorily states that it is "generating substantial monthly
revenues" without providing any quantitative evidence.

The Debtor fails to disclose the nature and date of the subject
lien, and what other entities, if any, have a security interest in
the collateral.  And there is no effort made to comply with the
Court's Guidelines.  Furthermore, the motion was not accompanied by
a certificate of service.  The Court cannot determine if the motion
was served on Continental Bank and other creditors as required by
Bankruptcy Rule 4001(b)(1)(C).

A copy of the Order is available at:

           http://bankrupt.com/misc/canb17-50924-37.pdf

As reported by the Troubled Company Reporter on June 19, 2017, the
Debtor sought court authorization to use the cash collateral
interests of the Continental Bank.  A hearing was set for July 26,
2017, at 2:00 p.m.

                       About Corona Bumpers

Corona Bumpers, Inc., filed a Chapter 11 petition (Bankr. N.D. Cal.
Case No. 17-50924) on April 20, 2017.  Mario Vidal, authorized
representative, signed the petition.  The Debtor estimated $50,000
to $100,000 in assets and $100,000 to $500,000 in liabilities.  The
case is assigned to Judge Stephen L. Johnson.  The Debtor is
represented by Drew Henwood, Esq., at The Law Offices of Drew
Henwood.


CORONA BUMPERS: Bid to Use Merchant Cash Collateral Denied
----------------------------------------------------------
The Hon. Stephen L. Johnson of the U.S. Bankruptcy Court for the
Northern District of California has denied Corona Bumpers, Inc.'s
motion to use cash collateral of Merchant Cash and Capital, LLC.

A motion to use cash collateral must include: (1) a budget and the
amount of cash collateral sought to be used; (2) the name and
address of each entity with an interest in the cash collateral; (3)
facts demonstrating the need to use cash collateral and the
material terms; and (4) the method of adequate protection to be
provided those with an interest in the collateral.  The Court's
guidelines for cash collateral and financing motions and
stipulations impose additional requirements, including at a
minimum, a certification signed by the Debtor's counsel that the
motion to use cash collateral complies with the Guidelines.

The Debtor's motion has no information on the amounts of the cash
collateral, the monthly revenues, and the monthly operational
expenses.  The motion lacks basic factual allegations, does not
contain a budget, and has no supporting evidence.  The Debtor
conclusorily states that the collateral is not declining in value
and that the value is $53,500, but the Debtor does not identify the
collateral or provide any evidentiary support.  The Debtor also
conclusorily states that it is "generating substantial monthly
revenues" without providing any quantitative evidence.  

The Debtor fails to disclose the nature and date of the subject
lien, and what other entities, if any, have a security interest in
the collateral.  And there is no effort made to comply with the
Court's Guidelines.  Furthermore, the motion was not accompanied by
a certificate of service.  The Court cannot determine if the motion
was served on Merchant Cash and Capital and other creditors as
required by Bankruptcy Rule 4001(b)(1)(C).

A copy of the court order is available at:

           http://bankrupt.com/misc/canb17-50924-38.pdf

As reported by the Troubled Company Reporter on June 27, 2017, the
Debtor asked for court permission to use the cash collateral.  A
hearing was scheduled for July 26, 2017, at 2:00 p.m.

                      About Corona Bumpers

Corona Bumpers, Inc., filed a Chapter 11 petition (Bankr. N.D. Cal.
Case No. 17-50924) on April 20, 2017.  The petition was signed by
Mario Vidal, authorized representative.  At the time of filing, the
Debtor estimated $50,000 to $100,000 in assets and $100,000 to
$500,000 in liabilities.  The case is assigned to Judge Stephen L.
Johnson.  The Debtor is represented by Drew Henwood, Esq., at The
Law Offices of Drew Henwood.


CRIMSON INVESTMENT: Disclosures OK'd; Plan Hearing on Aug. 17
-------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Oregon has approved
the disclosure statement Crimson Investment Group, LLC, filed on
July 10, 2017, referring to the Debtor's plan of reorganization
dated July 10, 2017.

The hearing on confirmation of the Plan will be held on Aug. 17,
2017, at 1:30 p.m.

Objections to the Plan must be filed no later than seven days
before the Hearing.

Written ballots accepting or rejecting the Plan must be received by
the proponent of the Plan no less than seven days before the
Hearing.

A summary of the ballots by class and a report of administrative
expenses must be filed with the Clerk's Office no later than three
business days before the Hearing.

                    About Crimson Investment

Crimson Investment Group, LLC, sought protection under Chapter 11
of the Bankruptcy Code (Bankr. D. Ore. Case No. 16-32747) on
July 14, 2016.  The petition was signed by Tracey Baron, manager.

The case is assigned to Judge Trish M. Brown.  The Debtor tapped
Michael D. O'Brien & Associates P.C. as counsel.  At the time of
the filing, the Debtor disclosed $852,102 in assets and $1.4
million in liabilities.


CROWN CASTLE: Moody's Affirms (P)Ba1 Sr. Subordinate Shelf Rating
-----------------------------------------------------------------
Moody's Investors Service affirmed Crown Castle International
Corp.'s ratings, including the Baa3 senior unsecured rating, and
revised the rating outlook to negative from stable. The rating
action follows Crown Castle's announcement that it agreed to
acquire privately-held LTS Group Holdings LLC (Lightower, rated B2
CFR stable outlook) for $7.1 billion in cash. Lightower owns or has
rights to approximately 32,000 route miles of fiber assets located
primarily in metro markets in the Northeast, including Boston, New
York and Philadelphia. The acquisition is expected to close by the
end of 2017.

The rating affirmation reflects Moody's view that the acquisition
is strategically sound and offers attractive growth opportunities
in the small cell segment that would benefit Crown Castle in the
longer term. The change in rating outlook to negative reflects
leverage that is higher than original expectations and that the
high capital investment required to grow the Lightower business
will temper the pace of the REIT's deleveraging in the next 12 to
18 months. In addition to higher leverage over a longer period of
time, the negative rating outlook reflects Moody's view that the
large Lightower acquisition will have high integration risk.

The following ratings were affirmed:

Crown Castle International Corp.:

- Senior Unsecured debt at Baa3;

- Senior Unsecured Shelf at (P)Baa3;

- Senior Subordinate Shelf at (P)Ba1;

CC Holdings GS V LLC:

- Senior Secured debt at Baa2.

Moody's believes that long term the acquisition enhances Crown
Castle's capacity to pursue significant small cell opportunities by
providing fiber inventory in several top metro markets where the
REIT has little or no existing small cell footprint. Pro-forma for
the Lightower acquisition, Crown Castle will double its fiber
footprint and will own or have rights to approximately 60,000 route
miles of fiber. With presence in all of the top 10 and 23 of the
top 25 metro markets, Crown Castle will be one of the larger fiber
network operators in the US. Moody's expects that Crown Castle will
be able to successfully leverage its expertise in the small cell
deployments to increase co-location revenues on its newly acquired
fiber footprint. However, capital spending to support the Lightower
business is high and predicated on adding fiber capacity via
building more routes and deepening its metro presence, all of which
is high capital investments.

While serving to enhance CCI's competitive position and growth
prospects in the small cell market, the acquisition will temper the
REIT's deleveraging pace over the next 12-18 months. The
acquisition comes before the REIT has delevered to its self-imposed
long term Net Debt/EBITDA target of 4x-5x (per its own definition),
or 5x-6x including Moody's operating lease adjustments. Largely due
to the recent acquisitions in the small cells segment and the
higher capital investments associated with this business, Crown
Castle's Net Debt/EBITDA after adjusting for operating leases was
high at 6.9x (including Moody's adjustment for operating leases) at
the end of Q2 2017.

Moody's recognizes that Crown Castle is funding this significant
acquisition in a leverage-neutral manner, including a sizable
equity component ($3.25 billion of common stock and $1.5 billion of
mandatory convertible preferred stock launched on July 19th).
Importantly, Crown Castle's senior management has articulated
publicly that it will continue to target a net debt to EBITDA
leverage (by the REIT's definition) of 4x -5x over the longer term.
These positives help to support the existing rating despite
leverage metrics that are expected to remain elevated over the next
12-18 months.

RATINGS RATIONALE

Crown Castle's Baa3 senior unsecured rating reflects the REIT's
position as one of the leading independent provider of wireless
infrastructure in the U.S., good geographic diversification within
the domestic market, and strong liquidity. CCI's high visibility
into future earnings due to long-term leases with annual
escalations, and the ability to generate significant free cash flow
also support the rating. Moody's believes that the wireless
infrastructure industry fundamentals and growth trends in both -
towers and small cells - remain favorable over the next several
years owing to continued strong demand for wireless, data services,
and the acceleration in mobile traffic and continued build out of
carriers' wireless networks. These credit strengths are
counterbalanced by the REIT's material levels of secured debt in
its capital structure and the remaining structural subordination.
With its top four tenants contributing 85% of Q2 2017 site rental
revenues, Crown Castle's tenant concentration is high. The REIT's
ratings are also tempered by its exposure to technology network
shifts or major technological transformation and untested
alternative use for its properties should such dramatic changes
occur -- risks that are not typically associated with traditional
commercial REITs.

The negative rating outlook reflects the additional risk that Crown
Castle will face in restoring its operating leverage in the next
12-18 months as it integrates its newly acquired Lightower business
and invests in small cell deployments.

The rating outlook would likely be stabilized once Crown Castle has
de-levered closer to 6x Net Debt/EBITDA (after applying Moody's
operating lease adjustments). Continued successful execution and
integration of recent acquisitions as well as ample liquidity would
also be needed for a return to a stable rating outlook.

A downgrade would be precipitated by significant deterioration in
operating performance or if the REIT continues to operate with
elevated leverage, such that net debt/EBITDA is sustained above
6.5x (pro-forma for a full year of Lightower ownership) by the end
of 2017 and above 6x by the end of 2018. Both leverage metrics are
calculated including Moody's operating lease adjustments.

The principal methodology used in these ratings was Global Rating
Methodology for REITs and Other Commercial Property Firms published
in July 2010.


DAVID'S BRIDAL: Bank Debt Trades at 24% Off
-------------------------------------------
Participations in a syndicated loan under David's Bridal Inc is a
borrower traded in the secondary market at 76.30
cents-on-the-dollar during the week ended Friday, July 7, 2017,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents a decrease of 0.60 percentage points from the
previous week.  David's Bridal pays 375 basis points above LIBOR to
borrow under the $0.52 billion facility. The bank loan matures on
Oct 11, 2019 and carries Moody's B3 rating and Standard & Poor's
CCC+ rating.  The loan is one of the biggest gainers and losers
among 247 widely quoted syndicated loans with five or more bids in
secondary trading for the week ended July 7.


DEXTERA SURGICAL: Has 40M Outstanding Common Shares as of July 18
-----------------------------------------------------------------
Dextera Surgical Inc. disclosed in a Form 8-K report filed with the
Securities and Exchange Commission that the Company's outstanding
capital stock of as of the close of business on July 18, 2017, was
as follows:

   Shares of Common Stock:                         40,406,526
   Shares of Series A Convertible Preferred Stock: 0   
   Shares of Series B Convertible Preferred Stock: 273

                   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, 2015.  

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.


DIAMONDHEAD CASINO: John St. Peter Resigns as Director
------------------------------------------------------
John St. Peter tendered his resignation to the Board of Directors
on July 18, 2017.  Mr. St. Peter was appointed to the Board of
Directors on April 21, 2015, and was a member of the Compensation
and Nominating Committees.  In his resignation letter, Mr. St.
Peter expressed no disagreements with management of the Company,
according to a Form 8-K report filed with the Securities and
Exchange Commission.

                   About Diamondhead Casino

Largo, Fla.-based Diamondhead Casino Corporation, from inception
through approximately August of 2000, operated gaming vessels in
international waters.  The Company eventually divested itself of
its gaming operations to satisfy financial obligations to its
vendors, lenders and taxing authorities and to focus its resources
on the development of a casino resort in Diamondhead, Mississippi.

The Company owns, through its wholly-owned subsidiary, Mississippi
Gaming Corporation, an approximate 404.5 acre tract of unimproved
land in Diamondhead, Mississippi.  The property is located at 7051
Interstate 10.  The Company intends, in conjunction with unrelated
third parties, to develop the site in phases beginning with a
casino resort.  The casino resort is expected to include a casino,
a hotel and spa, pools, a sport and entertainment center, a
conference center and a state-of-the-art recreational vehicle
park.

Diamondhead reported a net loss applicable to common stockholders
of $1.28 million for the year ended Dec. 31, 2016, compared to net
income applicable to common stockholders of $53,242 for the year
endd Dec. 31, 2015.  As of Dec. 31, 2016, Diamondhead had $5.60
million in total assets, $9.05 million in total liabilities and a
total stockholders' deficiency of $3.45 million.

Friedman LLP, in New York, New York, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2016, citing that the Company has incurred
significant recurring net losses over the past several years.  In
addition, the Company has no operations, except for its efforts to
develop the Diamondhead, Mississippi property.  Those efforts may
not contribute to the Company's cash flows for the foreseeable
future.  These conditions raise substantial doubt about the
Company's ability to continue as a going concern.  The Company's
continued existence is dependent upon its ability to raise the
necessary capital with which to satisfy liabilities, fund future
costs and expenses and develop the Diamondhead, Mississippi
property.


DURHAM STUDENT ASSOC: BlueTree Advisors to Wind Up Assets
---------------------------------------------------------
BlueTree Advisors II Inc. was appointed as receiver of the Student
Association of Durham College & UOIT ("Joint SA") with a mandate to
wind-up the affairs of the Joint SA and facilitate the creation of
separate student associations for the students of Durham College
and UOIT by Aug. 1, 2017.

The receiver intends to bring a motion to be heard in the court
located at 330 University St., 8th floor, Toronto, Ontario, at
10:00 a.m., on July 27, 2017, to discuss the arrangements in
respect to the Joint SA and transition to the NEW UOIT student
union association. Once arrangements are finalized, the receiver
will seek court approval of the arrangements, including the
distribution of its assets to the new UOIT student union and the
new Durham College Student Association and releases of any claims
against the Joint SA and receiver by any parties in connection with
these proceedings.

Information relating to the receivership can be found at
http://sadcuoit.ca/court-proceedings/further details of the motion
will be outlined in a report to be delivered by the receiver on or
before July 14, 2017, and will be posted on the case website.  For
more information, please contact Haddon Murray at
hmurray@stikeman.com or by phone at (416) 859-5239.


DURON SYSTEMS: Seeks to Hire Baker & Associates as Attorneys
------------------------------------------------------------
Duron Systems, Inc. seeks authority from the US Bankruptcy Court
from the Southern District of Texas, Houston Division, to employ
Reese W. Baker and Baker & Associates to act as the attorney for
the Debtor in all matters arising in or related to the bankruptcy
case.

Professional services to be rendered by Baker are:

     a. analyze the financial situation, and rendering advice and
assistance to the Debtor;

     b. advise the Debtor with respect to its duties as a debtor;

     c. prepare and file all appropriate petitions, schedules of
assets and liabilities, statements of affairs, answers, motions and
other legal papers;

     d. represent the Debtor at the first meeting of creditors and
such other services as may be required during the course of the
bankruptcy proceedings;

     e. represent the Debtor in all proceedings before the Court
and in any other judicial or administrative proceeding where the
rights of the Debtor may be litigated or otherwise affected;

     f. prepare and file a Disclosure Statement and Chapter 11 Plan
of Reorganization; and

     g. assist the Debtor in any matters relating to or arising out
of the captioned case.

Baker received from the Debtor the total amount of $25,000 prior to
filing the chapter 11 case. The total pre-petition fees and
expenses were $10,179 (including the filing fee of $1,717.00). The
remaining amount of $14,821 will remain deposited in the IOLTA.

Baker & Associates' Fee/rate Schedule as of January 1, 2017:

     Attorneys
          Reese W. Baker RWB            $450
          Ryan Lott RL                  $310
          Karen Rose KR                 $375

     Of Counsel
           George Rick Carter RC        $350

     Paralegals
           Tammy Chandler TC             125
           Jennifer Hunt JH              125
           Amanda Ginesta AG             125
           Gabby Martinez GM             125
           Katherine Wright KW           125
           Susanne Taylor ST             150
            Angela Harpin AH             150
            Alfredo Cruz AC              150

Reese W. Baker attests that he is a "disinterested person" within
the meaning of Section 101(14) of the Bankruptcy Code.

The Firm can be reached through:

     Reese W. Baker
     BAKER & ASSOCIATES
     Katy Freeway Ste. 200
     Houston, TX 77002
     Tel: (713) 869-9200
     Fax: (713) 869-9100

                     About Duron Systems

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,
Duron Systems 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.


EAST BAY DRY: August 24 Hearing on Plan Confirmation
----------------------------------------------------
Judge K. Rodney May of the U.S. Bankruptcy Court for the Middle
District of Florida conditionally approved East Bay Dry Cleaners,
Inc.'s amended disclosure statement to accompany its plan of
reorganization filed on June 28, 2017.

Any written objections to the Disclosure Statement must be filed
with the court and served no later than seven days prior to the
date of the hearing on confirmation.

The court will conduct a hearing on confirmation of the Chapter 11
Plan of Reorganization on August 24, 2017, at 10:30 a.m., Courtroom
9B, U.S. Bankruptcy Court, 801 North Florida Avenue, Tampa,
Florida.

Parties in interest must submit to the Clerk's office their written
ballot accepting or rejecting the Plan no later than eight days
before the date of the Confirmation Hearing.

Objections to confirmation mube filed with the court and served no
later than seven days before the date of the Confirmation Hearing.

                About East Bay Dry Cleaners

East Bay Dry Cleaners, Inc., sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. M. D. Fla. Case No. 17-00557) on
January 24, 2017.  The petition was signed by Howard Wolfson,
president.

At the time of the filing, the Debtor estimated assets at $100,000
to $500,000 and liabilities at $1 million to $10 million.

Judge K. Rodney May presides over the case.  David W. Steen, Esq.,
at David W. Steen, P.A. represents the Debtor as bankruptcy
counsel.  The Debtor hired Gilman & Ciocia Tax and Financial
Planning as its accountant.

No official committee of unsecured creditors has been appointed.

On May 15, 2017, the Debtor filed a disclosure statement, which
explains its proposed Chapter 11 plan of reorganization.


EMEDICAL STRATEGIES: Hearing on Plan Outline Approval on Aug. 10
----------------------------------------------------------------
The Hon. Stacey L. Meisel of the U.S. Bankruptcy Court for the
District of New Jersey has scheduled for Aug. 10, 2017, at 10:00
a.m. the hearing to consider the approval of eMedical Strategies,
LLC's disclosure statement referring to the Debtor's plan of
reorganization.

Objections to the Disclosure Statement must be filed no later than
14 days prior to the hearing.

                  About eMedical Strategies LLC

eMedical Strategies, LLC, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D.N.J. Case No. 17-22851) on June 23, 2017.
Paul Yu, member, signed the petition.  

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

The Debtor is represented by Richard D. Trenk, Esq., at Trenk,
DiPasquale, Della Fera & Sodono, P.C.


ESTEBAN DISTRIBUTOR: Unsecured Priority Claims to be Paid in 60 Mos
-------------------------------------------------------------------
Esteban Distributor Inc. filed with the U.S. Bankruptcy Court for
the District of Puerto Rico a small business disclosure statement
and plan of reorganization, dated July 14, 2017.

This plan proposes that Class 2 unsecured priority claims will be
paid in full from the Debtor's on going sales operations within 60
months in years 1 and 2 of the plan.

The previous version of the plan did not specify a time period for
the payment. It only stated that Class 2 unsecured priority claims
will be paid in full from the Debtor's on going sales operations in
years 1 and 2 of the plan.

The hearing on final approval of the Disclosure Statement and to
consider the confirmation of this plan is on August 18, 2017, at
9:30 a.m.

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

     http://bankrupt.com/misc/prb16-03799-11-134.pdf

                   About Esteban Beauty

Esteban Beauty Distributor Corp. sought protection under Chapter
11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the
District of Puerto Rico (Case No. 16-03796) on May 11, 2016.

Esteban Distributor Inc.'s bankruptcy case is Case no. 16-03799.


FIELDPOINT PETROLEUM: Closes Sale of 401 Net Acres in New Mexico
----------------------------------------------------------------
FieldPoint Petroleum Corporation has completed the sale of 401 net
acres in Lea County, New Mexico, held by multiple East Lusk 15
Federal Com wells and the Jennings Federal Com No. 1 well, to a
private E&P company.  FieldPoint will retain its 43.75% net working
interest in the East Lusk Wells and its 87.50% net working interest
in the Jennings Well.  Total sales price for the asset was
$1,200,000.

Phillip Roberson, president and CFO, said, "One million dollars of
the funds from this transaction were used to further reduce
outstanding bank debt.  The remaining balance will be used for
operating expenses.  We are fortunate to be able to make another
significant reduction in debt without a loss in production. Today's
transaction is another step toward regaining compliance with the
terms of our bank debt, and with the NYSE listing requirements.  We
will continue to market non-core assets to pay down debt, while
searching for new growth opportunities."

                   About Fieldpoint Petroleum

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

Fieldpoint incurred a net loss of $2.47 million for the year ended
Dec. 31, 2016, compared to a net loss of $10.98 million for the
year ended Dec. 31, 2015.  

As of March 31, 2017, Fieldpoint had $8.59 million in total assets,
$9.86 million in total liabilities and a total stockholders'
deficit of $1.27 million.

Hein & Associates LLP, in Dallas, Texas, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2016, citing that the Company has suffered recurring
losses, and has a working capital deficit.  This raises substantial
doubt about the Company's ability to continue as a going concern.


FULLCIRCLE REGISTRY: Appoints Four Directors to Board
-----------------------------------------------------
The Board of Directors of FullCircle Registry, Inc., appointed four
individuals to fill vacancies on the Board.  The directors so
appointed are as follows:

   * Paul Lowe, age 44, has been engaged in the ATM/Credit Card
     Processing industry as a Tech Support/Sales Consultant since
     2007.  Mr. Lowe attended the University of Louisville.

   * Jon R. Findley, age 65, is the current chief executive
     officer of the Company, serving in this capacity since
     September 2016.  Mr. Findley has served as an executive in
     the real estate development, financial services, and
     broadcast and television industries.  Immediately prior to
     being appointed to his present position with the Company, he
     was a principal of Stage 1 Development, LLC and Jigsaw
     Financial, LLC. At Stage 1 Development, which he formed in
     December of 2015, Mr. Findley managed financial analysis,
     strategic business planning, site acquisition, capital
     financing and project management for new real estate
     development projects.  At Jigsaw Financial, which he formed
     in February 2014, Mr. Findley served as lead Financial
     Planner.  From February 2009 until February 2014, Mr. Findley
     was a financial planner with Prudential Financial.

   * J. Leigh Friedman, age 64, was the general manager of the
     Company's Georgetown 14 Cinemas in Indianapolis from December
     2014 until February 2016.  Mr. Friedman was also was the
     owner and president of Movie Buff Theater in Indianapolis
     between March 2011 and September 2013, which was then sold to
     Studio Movie Grill.  He attended Tulane University and the
     University of Illinois.

   * Curtis Shaw, Jr., age 48, is a 25-year professional in  
     marketing, business development, and organizational
     management.  Currently, Mr. Shaw is the principal of Kaizen
     Real Estate Advisors, an Indiana licensed commercial
     brokerage firm.  Prior to forming Kaizen Real Estate
     Advisors, his career includes experience with Wells Fargo
     Bank as a branch manager and Community Development Manager,
     Worldspan (now Travelport) as the Northeast Regional Manager,
     and Allegiant Global as the global marketing director,
     responsible for driving growth opportunities in the US,
     Canada and Mexico.  Curtis has a B.A. from the University of
     California at Santa Barbara, and a MBA from Howard University

     in Washington, D.C.

The newly constituted Board of Directors unanimously approved the
election of Jon R. Findley as Chairman of the Board.

The following Officers were appointed by the Board of Directors, to
serve at the pleasure of the Board of Directors:

   * Alec G. Stone - president

   * Matthew T. Long - secretary

   * Matthew T. Long - treasurer

                     About FullCircle Registry

Shelbyville, Kentucky-based FullCircle Registry, Inc. --
http://www.fullcircleregistry.co/-- targets the acquisition of
small profitable businesses.  FullCircle Registry is a holding
company with three subsidiaries: FullCircle Entertainment, Inc.,
FullCircle Insurance Agency, Inc., and FullCircle Prescription
Services, Inc.

FullCircle's fully-owned subsidiary, FullCircle Entertainment,
Inc., operates the Georgetown 14 Cinemas movie theater in
Indianapolis, IN.  The theater is currently transitioning to a new
"Dine-in-Cinema LITE" business model.  New food, recliner chairs
and special events.  Targeted completion is June, 2017.

FullCircle Registry reported a net loss of $1.073 million on $1.087
million of revenues for the year ended Dec. 31, 2016, compared with
a net loss of $695,700 on $1.142 million of revenues for the year
ended Dec. 31, 2015.  As of March 31, 2017, FullCircle had $4.51
million in total assets, $6.80 million in total liabilities and a
total stockholders' deficit of $2.28 million.

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


GENERAL NUTRITION: Bank Debt Trades at 6% Off
---------------------------------------------
Participations in a syndicated loan under General Nutrition is a
borrower traded in the secondary market at 93.80
cents-on-the-dollar during the week ended Friday, July 7, 2017,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents an increase of 0.36 percentage points from the
previous week.  General Nutrition pays 250 basis points above LIBOR
to borrow under the $1.35 billion facility. The bank loan matures
on March 2, 2019 and carries Moody's Ba3 rating and Standard &
Poor's BB rating.  The loan is one of the biggest gainers and
losers among 247 widely quoted syndicated loans with five or more
bids in secondary trading for the week ended July 7.


GENON MID-ATLANTIC: Moody's Assigns Caa1 CFR; Outlook Negative
--------------------------------------------------------------
Moody's Investors Service affirmed GenOn Mid-Atlantic, LLC
(GenMA)'s pass-through certificates rating of Caa1 with a negative
outlook. As a result of the bankruptcy filing at its parent
companies -- GenOn Americas Generation, LLC. and GenOn Energy Inc.,
for which the ratings were withdrawn - GenMA is now evaluated as an
independent entity. Moody's has therefore assigned GenMA a
corporate family rating (CFR) of Caa1 and a probability of default
rating (PDR) of D-PD. The PDR reflects the missed payment on
GenMa's pass-through certificates, which were due June 30, 2017.

Assignments:

Issuer: GenOn Mid-Atlantic, LLC

-- Probability of Default Rating, Assigned D-PD

-- Speculative Grade Liquidity Rating, Assigned SGL-3

-- Corporate Family Rating, Assigned Caa1

Outlook Actions:

Issuer: GenOn Mid-Atlantic, LLC

-- Outlook, Remains Negative

Affirmations:

Issuer: GenOn Mid-Atlantic, LLC

-- Senior Secured Pass-Through, Affirmed Caa1 (LGD2)

RATINGS RATIONALE

GenMA's Caa1 rating reflects a high expected recovery rate on the
defaulted certificates. A forbearance agreement has been signed,
which provides for a standstill on enforcement of remedies until
August 15, 2017. The owner lessor of the assets claimed an event of
default in February 2017, stating that GenMa failed to comply with
a covenant requiring the maintenance of qualifying credit support
for the lease payment reserve under the facility's lease
agreements. GenMA and the owner lessor are involved in a legal
dispute regarding the existence of such an event of default. The
complications resulting from the dispute contributed to the missed
payment in June.

GenMA's rating also reflects its poor business fundamentals. The
company has a poor asset base, which is comprised of three marginal
power plants in Maryland. These plants, which include coal and
oil/gas peaking generating units, face a weak commodity price
environment due to competition from new entrants in the region
using cheap gas produced from the Marcellus shale. The commodity
price environment is likely to deteriorate as more new gas
pipelines, transmission lines, and gas-fired power plants are
placed into service over the next few years.

On the positive side, GenMA has a relatively low debt burden when
measured on a $/kilowatt (kW) basis. GenMA has $144/kW of debt on a
fully loaded basis, including the net present value of its lease
payments. However, the lease debt (i.e., the rated pass-through
certificates), which have the senior position in the structure,
represents only $71/kW of debt burden. Over time, due to
amortization of the lease equity and lease debt, the implied net
present value of the lease payments falls to $58/kW at year end
2020 and only $17/kW, if only the lease debt is counted.

GenMA's adjusted CFO pre-WC to debt metric has been robust. Over
the past few years, the CFO Pre-WC to debt has been about 50%, but
due to the declining price environment, this ratio is set to fall
significantly over the next few years. According to Moody's
forecasts, GenMA's CFO pre-WC to debt will likely fall below 10% by
2021. Given the declining commodity price environment, it is quite
possible that GenMA's CFO Pre-WC to debt can fall below 10% sooner
than 2021. When calculating the CFO pre-WC to debt ratio, Moody's
treats GenMA's lease payments as a financing activity rather than
an operating activity.

Liquidity

Based on current forward commodity prices, Moody's expects GenMa's
plants to be cash flow positive before lease payments but not after
lease payments for the next few years. The lease payments are
GenMA's only financing-related payment obligations, as it has no
other debt or debt-like obligations.

GenMA had $305 million of cash on hand at the end of the first
quarter 2017, however this is set to decline significantly over the
next few years as the company uses balance sheet cash to meet its
lease obligations, with the possibility of exhausting this cash
balance at the end of 2020.

Outlook

GenMA's negative outlook reflects the potential for further payment
disruptions due to the dispute between the owner lessor and GenOn
entities.

What can drive the rating up

Moody's could take a positive rating action when the legal dispute
is resolved and the June payment is made, if Moody's believes that
additional payment disruptions are unlikely.

What can drive the rating down

Moody's may lower GenMA's rating if Moody's expects loss given
default to rise above 10% due to payment disruptions.

The principal methodology used in these ratings was Unregulated
Utilities and Unregulated Power Companies published in May 2017.


GFI GROUP: Moody's Affirms Ba2 CFR & Revises Outlook to Negative
----------------------------------------------------------------
Moody's Investors Service has affirmed the corporate family and
senior debt ratings of GFI Group Inc. at Ba2 and changed the
outlook to negative from stable. GFI is a subsidiary of BGC
Partners Inc. (BGC, unrated). BGC Partners Inc. is also guarantor
of GFI's rated senior notes maturing in July 2018.

Issuer: GFI Group Inc.

-- Corporate Family Rating , affirmed Ba2, Negative

-- Senior Unsecured Regular Bond/Debenture, affirmed Ba2,
    Negative

Outlook Actions:

-- Outlook, Changed To Negative From Stable

RATINGS RATIONALE

The rating action follows BGC's agreement to acquire Berkeley Point
Financial LLC (Berkeley, unrated), for $875 million from an
affiliate of Cantor Fitzgerald, LP (Cantor, unrated), and to invest
an additional $100 million for a 27 percent interest in a
commercial real estate-related finance and investment business to
be controlled by Cantor. Berkeley is a multifamily mortgage lender
whose core business is originating and servicing multi-family
housing loans that are sold to Fannie Mae, Freddie Mac and HUD.

The acquisition is subject to regulatory approvals, but is expected
to close during 2017. Following the acquisition, Berkeley will be
included within BGC's Real Estate Services business, which operates
as Newmark Knight Frank (Newmark, unrated).

BGC expects to fund the acquisition and the investment through a
combination of bond issuance, term loan or other debt financing
arrangements, as well as from existing financing sources and cash
on hand.

Moody's said that while the acquisition is expected to boost BGC's
pre-tax earnings and pre-tax margins, the debt used to fund the
acquisition would weaken BGC's debt service metrics initially.

However, BGC has filed a draft registration for an initial public
offering of Newmark, and Moody's expects that the proceeds of this
offering will be used to pay down a significant portion of the debt
issued to fund the acquisition of Berkeley. The rating agency
expects this will return BGC's debt service metrics to levels
consistent with GFI's current ratings.

The negative outlook reflects the initial negative impact of the
acquisition on the credit profile of BGC as well as the risk that
BGC is unable to pay down a significant portion of the debt over
the next year. The negative outlook also incorporates the potential
negative impact which the IPO could have on BGC's creditors since
it will divert a portion of Newmark's and Berkeley's earnings to
minority shareholders.

Factors that could lead to an upgrade

* BGC reduces its debt levels and realizes significant synergies
from the Berkeley acquisition such that its pre-tax margin exceeds
13% and its Debt/Ebitda declines below 3x without a deterioration
in the firm's liquidity profile.

Factors that could lead to a downgrade

* BGC is unable to pay down a significant portion of the debt
incurred with the acquisition of Berkeley over the next year.

* The IPO of Newmark diverts a significant proportion of BGC's
earnings to Newmark's outside shareholders without a commensurate
reduction in BGC's leverage.

* BGC pursues an aggressive financial policy that diminishes the
firm's liquidity profile or further weakens its leverage and debt
service coverage without substantially enhancing or diversifying
its EBITDA generation.

The principal methodology used in these ratings was Securities
Industry Service Providers published in February 2017.


GRAND DAKOTA: Voluntary Chapter 11 Case Summary
-----------------------------------------------
Affiliated debtors that filed Chapter 11 bankruptcy petitions:

    Debtor                                   Case No.
    ------                                   --------
    Grand Dakota Partners, LLC               17-31184
    a Delaware limited liability company
    217 East Tremont Avenue
    Charlotte, NC 28203

    Grand Dakota Hospitality, LLC            17-31185
    a Delaware limited liability company
    217 East Tremont Avenue
    Charlotte, NC 28203

Type of Business: Grand Dakota owns the Ramada Grand Dakota Hotel
                  Dickinson located near Prairie Hills Mall.
                  The hotel's rooms and suites have Serta beds,
                  flat-screen TVs, and free WiFi.  It also has
                  an indoor pool, hot tub and fitness center.
                  The hotel also features an onsite restaurant,
                  barber shop, lounge, and 14,000-square-feet of
                  conference space.

Chapter 11 Petition Date: July 20, 2017

Court: United States Bankruptcy Court
       Western District of North Carolina (Charlotte)

Judge: Hon. Laura T. Beyer

Debtors' Counsel: Bradley E. Pearce, Esq.
                  PEARCE LAW PLLC
                  PO Box 31846
                  Charlotte, NC 28231
                  Tel: (704) 910-6385
                  Fax: (704) 495-6662
                  E-mail: brad@bepearcelaw.com

                                    Estimated   Estimated
                                     Assets    Liabilities
                                    ---------  -----------
Grand Dakota Partners               $10M-$50M   $10M-$50M
Grand Dakota Hospitality              $0-$50K   $10M-$50M

The petitions were signed by Stephen D. Barker, president, Cibix
Management, Inc., the managing member of the Debtors.

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

Full-text copies of the petitions are available for free at:

        http://bankrupt.com/misc/ncwb17-31184.pdf
        http://bankrupt.com/misc/ncwb17-31185.pdf


GRANDPARENTS.COM INC: Unsecured Creditors to Recover Up to 71%
--------------------------------------------------------------
Unsecured creditors of Grandparents.com, Inc., and Grand Card, LLC,
may recover up to 71% of their claims, according to the companies'
Chapter 11 plan of liquidation.

Under the proposed liquidating plan, the projected range of
recovery for creditors holding Class 3 general unsecured claims may
be as little as 1% and as high as 71%.

The companies will allocate $50,000 for pro rata distribution to
general unsecured creditors.  Additionally, these creditors will
receive the first $400,000 of the net proceeds from litigation
claims after payment of their lender's initial share of those
proceeds, which represents a partial subordination of its unsecured
deficiency claim.

After the net proceeds of litigation claims total $700,000, any net
amount recovered from those claims will be distributed pro rata to
holders of Class 3 and Class 4 claims.

Class 3 claims are estimated to be $5,068,454.75.

The sources of funding for payment of Class 3 claims include the
$50,000 contributed by the lender; $400,000 of the net proceeds
from litigation claims; net amount recovered from litigation claims
against former officers and directors (with total insurance
coverage of $15 million); and net amount recovered from other
litigation claims, according to the companies' disclosure statement
filed with the U.S. Bankruptcy Court for the Southern District of
Florida.

A copy of the disclosure statement is available for free at
https://is.gd/VSsZ5h

                  About Grandparents.com Inc.

New York-based Grandparents.com, Inc., together with its
consolidated subsidiaries, is a family-oriented social media
company that through its Web site, http://www.grandparents.com/,   
serves the age 50+ demographic market.  The website offers
activities, discussion groups, expert advice and newsletters that
enrich the lives of grandparents by providing tools to foster
connections among grandparents, parents, and grandchildren.

Granparents.com, Inc., and Grand Cards LLC filed separate Chapter
11 petitions (Bankr. S.D. Fla. Case Nos. 17-14711 and 17-14704,
respectively) on April 14, 2017.  The petitions were signed by
Joshua Rizack, chief restructuring officer, The Rising Group
Consulting, Inc.  The Hon. Laurel M. Isicoff presides over the
cases.  

The Debtors listed combined assets of $1 million and combined
liabilities of $24.9 million.

The Debtors are represented by Steven R. Wirth, Esq., and Eyal
Berger, Esq., at Akerman LLP.  They have also tapped Genovese
Joblove & Battista, P.A. as special litigation counsel and
conflicts counsel, and EisnerAmper LLP as accountants and financial
advisor.


GREEN TERRACE: Case Summary & 16 Unsecured Creditors
----------------------------------------------------
Debtor: Green Terrace Condominium Association, Inc.
        2800 Georgia Avenue
        West Palm Beach, FL 33405

Type of Business: Condominium Association

Chapter 11 Petition Date: July 21, 2017

Case No.: 17-19188

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

Judge: Hon. Paul G. Hyman, Jr.

Debtor's Counsel: Eric A Rosen, Esq.
                  FOWLER WHITE BURNETT, P.A.
                  515 North Flagler Drive, Suite 2100
                  West Palm Beach, FL 33401
                  Tel: (561) 802-9044
                  Fax: (561) 209-7767
                  E-mail: erosen@fowler-white.com

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

Estimated Liabilities: $1 million to $10 million

The petition was signed by Kolman Kenigsberg as receiver for Green
Terrace Condominium Association, Inc.

The Debtor's list of 16 unsecured creditors is available for free
at http://bankrupt.com/misc/flsb17-19188.pdf


H&E EQUIPMENT: Moody's Affirms B1 CFR; Outlook Stable
-----------------------------------------------------
Moody's Investors Service affirmed H&E Equipment Services, Inc.'s
B1 Corporate Family Rating (CFR) and B1-PD Probability of Default
Rating. Concurrently, Moody's affirmed the B3 rating to the
company's $630 million unsecured notes upon considering the credit
implications of H&E's planned acquisition of Neff Corporation for a
total price of approximately $1.2 billion, including about $690
million in debt currently on Neff's balance sheet and up to $250
million of new equity. Neff Corporation, through Neff Rental LLC,
is a leading U.S. earthmoving focused equipment rental provider.
H&E's Speculative Grade Liquidity rating was affirmed at SGL-2. The
rating outlook is stable. All ratings for Neff Rental LLC including
B2 CFR, B2-PD PDR, B3 senior secured credit facility, SGL-3, and
stable outlook are unaffected at this time.

The CFR affirmation reflects the benefits from the acquisition of
Neff Rental. The acquisition will strengthen H&E's solid position
within the equipment rental services industry by increasing scale,
geographic footprint, and improving its revenue diversity. The
combination will create the 4th largest equipment rental company in
North America, generating roughly $1.4 billion in annual revenues.
While the acquisition is initially a leveraging event, Moody's
anticipates that the company will continue to manage its balance
sheet conservatively going forward and delever through a
combination of EBITDA growth and cash flow generation.

Moody's took the following rating actions on H&E Equipment
Services, Inc.:

- Corporate Family Rating affirmed at B1

- Probability of Default Rating affirmed at B1-PD

- Senior unsecured notes affirmed at B3 (LGD5)

- Outlook is stable

- Speculative Grade Liquidity rating affirmed at SGL-2

RATINGS RATIONALE

H&E's B1 corporate family rating ("CFR") reflects the company's
conservative balance sheet management track record, and the
expectation that leverage will decline meaningfully over the next
couple of years. The rating benefits from the anticipated
acquisition synergies. Even with the acquisition leverage, credit
metrics are expected to remain within the B1 rating category with
pro-forma debt/EBITDA close to 4.0 times and EBITDA / Interest of
approximately 5.0x (all ratios are on a Moody's adjusted basis).

The ratings incorporate the increased volatility associated with
earthmoving rentals that will result from the Neff acquisition.
Positively, Moody's believes the merged company will rely less on
new equipment sales and benefit from improved geographic and
customer diversity. The newly merged company will have an improved
ability to bid and win government infrastructure jobs. If so, the
company will be better positioned in an economic downturn by having
more non-residential construction business. The new company will
also have stronger negotiating power when making equipment
purchases and in general have greater fleet management flexibility
and reduced concentration of equipment than either company had on a
standalone basis.

H&E's SGL-2 liquidity rating reflects a good liquidity profile
characterized by ample availability under its asset-based revolving
credit facility and the absence of any meaningful debt maturities
over the intermediate term. Moody's anticipates revolver
availability under the new upsized $1.25 billion will remain high
even after borrowing approximately $610 million to fund its Neff
acquisition.

The stable outlook is supported by H&E's good liquidity profile and
Moody's views that the generally positive U.S. equipment rental
industry fundamentals are supportive of its B1 credit profile over
the intermediate term. The outlook also considers minimal
integration risk following Neff Rental acquisition and Moody's
anticipates a significant amount of synergies to be realized in the
intermediate term.

Positive rating pressure would require the expectation that H&E
would maintain a good liquidity profile and achieve EBITA to total
assets of 12% or higher as well as debt/EBITDA that sustains below
3.0x for a period of time with further improvement expected. As
well, successful integration of Neff Rental could also lead to
positive rating momentum.

Downward pressure on the ratings could occur if the company's
liquidity profile were to weaken. Debt/EBITDA were to reach and be
sustained above 4.25x, or if the company were to have meaningful
shareholder rewards so to impact credit metrics. Moreover, any more
meaningful debt-financed acquisitions could result in a downgrade.

H&E Equipment Services, Inc. ("H&E") is a multi-regional equipment
rental company with over 78 locations throughout the West Coast,
Intermountain, Southwest, Gulf Coast, Mid-Atlantic, and Southeast
regions of the United States. H&E is also a distributor for JLG,
Gehl, Genie Industries (Terex), Komatsu, Doosan/Bobcat and
Manitowoc, among others. Revenues for the last twelve months ended
March 31, 2017 totaled approximately $960 million.

Neff Rental LLC (Neff), headquartered in Miami, Florida, is a
leading equipment rental operator across the Sun Belt region of the
United States. The company is a wholly owned subsidiary of Neff
Holdings LLC. The company's equity is controlled by private
investment fund Wayzata Investment Partners. The company trades
publicly on the NASDAQ stock exchange under the symbol "NEFF."
Total revenues for the fiscal year ended December 3, 2016 totaled
approximately $400 million.

The principal methodology used in these ratings was Equipment and
Transportation Rental Industry published in April 2017.


HARRINGTON & KING: May Use Cash Collateral Through July 27
----------------------------------------------------------
The Hon. Deborah L. Thorne of the U.S. Bankruptcy Court for the
Northern District of Illinois has entered an agreed order extending
Harrington & King Perforating Co. and Harrington & King South
Inc.'s use of cash collateral through July 28, 2017.

The motion is continued to July 27, 2017.

A copy of the Agreed Order is available at:

          http://bankrupt.com/misc/ilnb16-15650-237.pdf

As reported by the Troubled Company Reporter on July 7, 2017, the
Court previously entered an agreed 10th order authorizing the
Debtors to use Inland Bank & Trust's cash collateral until July 14,
2017.

              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.


HARTFORD COURT: May Use Cash Collateral Until Aug. 28
-----------------------------------------------------
The Hon. Jack B. Schmetterer of the U.S. Bankruptcy Court for the
Northern District of Illinois has entered a fifth interim order
authorizing Hartford Court Development, Inc., to use cash
collateral until Aug. 28, 2017.

A status hearing on the Debtor's use of cash collateral will be
held on Aug. 24, 2017, at 10:30 a.m.

A copy of the Fourth Interim Order is available at:

          http://bankrupt.com/misc/ilnb17-01356-113.pdf

As reported by the Troubled Company Reporter on July 3, 2017, the
Court previously entered a fourth interim order authorizing the
Debtor to use cash collateral of Hindsale Bank & Trust Company, as
successor-in-interest to Suburban Bank and Trust through July 14,
2017.  As adequate protection for the interests of the Lender in
the cash collateral, the Lender will have and is granted valid and
perfected security interests in, and liens on all assets of the
Debtor.  As additional adequate protection, the Debtor will make
monthly payments to the Lender, provided however, that the payments
are provisional, in the amount of $4,865.63 per month having
commenced on Feb. 10, 2017, and thereafter on the 10th day of each
month going forward.  

                 About Hartford Court Development

Hartford Court Development, Inc., is an Illinois corporation that
owns and manages 14 residential condominiums and their related
parking spaces, all located in the 5300 block of North Cumberland
Avenue, Chicago, IL.

Hartford Court Development filed a Chapter 11 petition (Bankr. N.D.
Ill. Case No. 17-01356) on Jan. 17, 2017.  Paula Walega, the
company's president, signed the petition.  The Debtor estimated
assets and liabilities at $500,000 to $1 million.

The case is assigned to Judge Jack B. Schmetterer.

The Debtor is represented by David P. Lloyd, Esq., at David P.
Lloyd, Ltd.


HUGHES SATELLITE: Moody's Affirms B1 CFR; Outlook Positive
----------------------------------------------------------
Moody's Investors Service affirmed Hughes Satellite Systems
Corporation's corporate family rating at B1 and changed the
company's ratings outlook to positive from stable. As a part of the
same rating action, Moody's affirmed Hughes' probability of default
rating at B1-PD, senior secured notes ratings at Ba2, senior
unsecured notes at B3, and speculative grade liquidity rating at
SGL-1 (very good).

"The outlook change reflects good satellite broadband growth
prospects and financial flexibility afforded by a substantial cash
balance, albeit with event risks depending on how management choses
to deploy it, " said Bill Wolfe, a Moody's senior vice president.

Outlook Actions:

Issuer: Hughes Satellite Systems Corporation

-- Outlook, Changed To Positive From Stable

Affirmations:

Issuer: Hughes Satellite Systems Corporation

-- Probability of Default Rating, Affirmed B1-PD

-- Speculative Grade Liquidity Rating, Affirmed SGL-1

-- Corporate Family Rating, Affirmed B1

-- Senior Secured Regular Bond/Debenture, Affirmed Ba2(LGD2)

-- Senior Unsecured Regular Bond/Debenture, Affirmed B3(LGD5)

RATINGS RATIONALE

Hughes' B1 corporate family rating is based primarily on
expectations of growing revenue and EBITDA from recently launched
EchoStar XIX, confidence that the company's substantial cash
position will be used to acquire/construct EBITDA-generating assets
or to pre-fund 2019/2021 debt maturities, such that leverage of
debt/EBITDA is below 4x (Moody's adjusted) after giving effect
thereto. The rating is constrained by uncertain demand and return
economics for the consumer broadband internet business, revenue
concentration from the Dish relationship (some 25%-to-30% of annual
revenues), and opaque strategy, objectives and reporting.

Hughes speculative grade liquidity rating is SGL-1, indicating very
good liquidity based on a March 31, 2017 cash balance of ~$2.2
billion (most of which Moody's assumes will be used
EBITDA-accretive activities (including capital expenditures and
small acquisitions) or to refinance future debt maturities), plus
expected free cash flow of approximately $150 million to $200
million over the next year.

Rating Outlook

The positive outlook is predicated on expectations of a stable
business model, solid growth prospects, and the ability to use cash
to reduce leverage through debt repayment or the acquisition of
EBITDA, although this is not assured.

What Could Change the Rating - Up

Upwards rating pressure is contingent upon positive industry
fundamentals, solid operational and financial performance likely
driven by strong results from the company's recently launched
broadband satellite, maintenance of good liquidity and clarity on
deployment of the company's substantial cash position and:

* Sustained FFO margin above 45% (~33% at 31Mar17), and

* Sustained debt/EBITDA leverage below 3x (4.8x at 31Mar17).

What Could Change the Rating - Down

Downwards rating pressure would develop if industry fundamentals
deteriorate, operational and financial performance disappoints,
liquidity deteriorates or if the company's substantial cash
position is used for shareholder friendly activities, or:

* Sustained FFO margin below 20% (~33% at 31Mar17), or

* Sustained debt/EBITDA leverage above 4x (4.8x at 31Mar17).

The principal methodology used in these ratings was Global
Communications Infrastructure Rating Methodology published in June
2011.

Based in Englewood, Colorado, Hughes Satellite Systems Corporation
(Hughes) is a provider of satellite operations and satellite-based
transmission capacity, and is a private, wholly-owned subsidiary of
EchoStar Corporation (EchoStar, not rated), a publicly traded
holding company also based in Englewood, Colorado. Dish Network
Corporation (Dish, Ba3 stable) is Hughes' major customer and is a
company controlled by the same entities which control EchoStar.



IGNITE RESTAURANT: To Fund Chapter 11 Plan from Sale of Assets
--------------------------------------------------------------
Ignite Restaurant Group, Inc., filed with the U.S. Bankruptcy Court
for the Southern District of Texas a Chapter 11 plan that is
premised on a sale of substantially all assets of the company and
its affiliates.

The companies had earlier signed an agreement with KRG Acquisitions
Co, LLC, which will serve as the "stalking horse" bidder.  

Under the agreement, KRG will pay $50 million in cash and will
assume certain liabilities of the companies.  The agreement will
serve as the template for the sale of the companies' assets at
auction.

The companies anticipate that the stalking horse agreement will
yield gross proceeds to the estates in the amount of over $42
million after payment of administrative claims, priority tax claims
and other priority claims.

The companies believe that the purchaser can and will close the
transaction.  In addition, the companies believe that the fact that
the plan contemplates the funding of a liquidating trust to, in
part, realize the value of their assets for the benefit of
creditors and their estates ensures that no further financial
restructuring will be necessary, according to their disclosure
statement filed on July 6.

Under the plan, each holder of an allowed Class 4 general unsecured
claim will receive its pro rata share of the "general unsecured
creditors fund."  The companies have yet to determine the total
amount that general unsecured creditors will receive under the
plan.

A copy of the disclosure statement is available for free at
https://is.gd/xVYG9s

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

On June 21, 2017, a five-member panel was appointed as the official
unsecured creditors committee in the Debtors' cases.  The committee
retained Cole Schotz P.C. and Pachulski Stang Ziehl & Jones LLP as
counsel.


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

The Exchange Offers and Consent Solicitations were previously
scheduled to expire on July 21, 2017, at 5:00 p.m., New York City
time, and will now expire on Aug. 4, 2017, at 5:00 p.m., New York
City time.  The deadline to withdraw tendered Existing Notes in the
Exchange Offers and revoke consents in the Consent Solicitations
has also been extended to 5:00 p.m., New York City time, on Aug. 4,
2017.  iHeartCommunications is extending the Exchange Offers and
Consent Solicitations to continue discussions with holders of
Existing Notes regarding the terms of the Exchange Offers and to
continue discussions with lenders under its Term Loan D and Term
Loan E facilities in connection with the concurrent private offers
made to such lenders, which iHeartCommunications announced today
will now expire at 5:00 p.m., New York City time, on Aug. 4, 2017.

As of 5:00 p.m., New York City time, on July 19, 2017, an aggregate
amount of approximately $45.5 million of Existing Notes,
representing approximately 0.6% of outstanding Existing Notes, had
been tendered into the Exchange Offers.

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

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

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

                   About iHeartCommunications

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

iHeartCommunications reported a net loss attributable to the
Company of $296.31 million on $6.27 billion of revenue for the year
ended Dec. 31, 2016, compared to a net loss attributable to the
Company of $754.62 million on $6.24 billion of revenue for the year
ended Dec. 31, 2015.  As of March 31, 2017, iHeartCommunications
had $12.27 billion in total assets, $23.56 billion in total
liabilities and a total stockholders' deficit of $11.29 billion.

                           *    *    *

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

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

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


IHEARTCOMMUNICATIONS INC: Extends Private Term Loan Offers
----------------------------------------------------------
iHeartCommunications, Inc., has extended the deadline for
participation in the private offers to lenders under its Term Loan
D and Term Loan E facilities to amend the Existing Term Loans.  The
Term Loan Offers have been extended to 5:00 p.m., New York City
time, on Aug. 4, 2017.  iHeartCommunications is extending the Term
Loan Offers to continue discussions with lenders regarding the
terms of the Term Loan Offers.

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

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

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

                     About iHeartCommunications

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

iHeartCommunications reported a net loss attributable to the
Company of $296.31 million on $6.27 billion of revenue for the year
ended Dec. 31, 2016, compared to a net loss attributable to the
Company of $754.62 million on $6.24 billion of revenue for the year
ended Dec. 31, 2015.  As of March 31, 2017, iHeartCommunications
had $12.27 billion in total assets, $23.56 billion in total
liabilities and a total stockholders' deficit of $11.29 billion.

                           *    *    *

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

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

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


INDIAN JEWELERS: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Indian Jewelers Supply Co., Inc.
        PO Box 3647
        Albuquerque, NM 87190

Type of Business: Indian Jewelers is a jewelry equipment supplier
                  in Albuquerque, New Mexico.  The Company
                  possesses raw materials metals, stones, tools
                  and supplies valued at $500,000.  It also has a
                  fee simple interest in a property located at
                  2105 San Mateo Boulevard NE Albuquerque, NM,
                  valued at $310,000.  Indian Jewelers posted
                  gross revenue of $5.69 million for 2016 and
                  gross revenue of $6.46 million for 2015.

Chapter 11 Petition Date: July 21, 2017

Case No.: 17-11874

Court: United State Bankruptcy Court
       District of New Mexico (Albuquerque)

Judge: Hon. David T. Thuma

Debtor's Counsel: Don F Harris, Esq.
                  NM FINANCIAL LAW, P.C.
                  320 Gold Avenue SW, Suite 610
                  Albuquerque, NM 87102
                  Tel: 505-503-1637
                  Fax: 505-848-8593
                  E-mail: harrislaw@comcast.net
                         DFH@nmfinanciallaw.com

Debtor's
Financial
Consultant:       CRAIG DILL & ASSOCIATES, INC.

Debtor's
Real Estate
Brokers:          TIER ONE BROKERS, LLC

Total Assets: $1.09 million

Total Liabilities: $540,010

The petition was signed by Jack Dill as CEO/CFO.

The Debtor's list of 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/nmb17-11874.pdf


INTERNATIONAL BRIDGE: Wants to Extend Cash Use Until Sept. 30
-------------------------------------------------------------
International Bridge Corporation seeks permission from the U.S.
Bankruptcy Court for the District of Kansas to use cash collateral
through Sept. 30, 2017, to continue its business operations and
request a determination by the Court that the Internal Revenue
Service is adequately protected.

The Debtor asks the Court to hold on July 27, 2017, at 1:30 p.m., a
hearing on the request to use cash collateral.

The Debtor requests authority to use cash collateral generated
postpetition, which is comprised of accounts receivable due from
General Pacific Services, LLC, and General Pacific Services
Marianas, LLC, and a determination by the Court that no further
adequate protection is necessary at this time, other than what is
already being paid under previous Court Order.

The Debtor, TOA Corporation, Leidos, Inc., parent of Leidos
Constructors, LLC, fka SAIC Constructors, LLC, the Government of
Guam, Department of Revenue and Taxation, and the Internal Revenue
Service may claim an interest in the cash collateral.

The purpose for the use of the cash collateral is miscellaneous
operating costs, the payment of income to the Debtor's employees,
payment of attorneys' fees, and for payment of the U.S. Trustee's
assessments and other expenses in this Chapter 11 proceeding.

The cash collateral will be utilized on an interim, but ongoing
basis, with extensions to this Motion filed every 180 days, or
other period as the Court orders.

The Debtor will grant a continuing and replacement lien in accounts
receivable created post-Petition.  However, no further adequate
protection will be provided.

The Debtor is no longer currently seeking construction projects due
to the lien of the IRS.

The Debtor is still considering its options with regard to closing
of the case, and will need time to prepare and file pleadings
necessary to complete the case.

The Debtor has an immediate and critical need to use cash
collateral in order to preserve and protect the value of its
assets, and requests the use of cash collateral pursuant to Section
363 of the Bankruptcy Code.  The Debtor has no source of income
other than from the operation of its business.

The Debtor will require the use of cash collateral in order to
conduct its day-today operations including, but not limited to, the
payment of expenses, payment for the purchase of supplies and other
various overhead expenses, payment of income to its employees,
payment of attorneys' fees, and for payment of the U.S. Trustee's
assessments and other expenses in the Chapter 11 proceeding.
Without the continued use of cash collateral during the pendency of
this Chapter 11 proceeding in accordance with the terms of an
interim court order, the Debtor's estate and creditors will suffer
immediate and irreparable harm.

If allowed to use the cash collateral for its operating needs, the
Debtor should not require any additional postpetition financing,
nor should it incur further indebtedness during the pendency of
this case.

The Debtor requests a determination that the Debtor is not
obligated to provide additional adequate protection at this time,
except that which was previously ordered to be paid to the IRS in
the amount of $2,000 per month.

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

           http://bankrupt.com/misc/ksb15-20951-230.pdf

As reported by the Troubled Company Reporter on June 5, 2017, the
Court previously signed a fifth interim order authorizing the
Debtor to use cash collateral until June 30, 2017.

             About International Bridge Corporation

International Bridge Corporation, a contractor for government
projects in the South Pacific and Guam, sought Chapter 11
protection (Bankr. D. Kan. Case No. 15-20951) in Kansas City on May
7, 2015.  The Debtor is an Ohio corporation, with its principal
place of business in Berryton, Kansas.  Robert Toelkes, the sole
shareholder and manager, signed the petition.  

The Debtor disclosed total assets of $17.4 million and total debt
of $27.4 million.

The case is assigned to Judge Robert D. Berger.  

The Debtor tapped Wesley F. Smith, Esq., at Stevens & Brand, LLP,
as its counsel.  Wyatt A. Hoch, Esq., at Foulston Siefkin, LLP,
serves as the Debtor's special litigation counsel.  Robert G. Nath,
at Robert G. Nath, PLLC, serves as special tax counsel to the
Debtor.


ION GEOPHYSICAL: Receives Noncompliance Notice from NYSE
--------------------------------------------------------
ION Geophysical Corporation received a written notice from the New
York Stock Exchange that it is not in compliance with the continued
listing standards set forth in Section 802.01B of the NYSE Listed
Company Manual.  The Company is considered below criteria
established by the NYSE for continued listing because its average
market capitalization has been less than $50 million over a
consecutive 30 trading-day period, and at the same time its last
reported stockholders' equity was below $50 million.  

The Company plans to notify the NYSE within 10 business days of its
intent to submit a plan that demonstrates its ability to bring the
Company into conformity with the continued listing standards within
18 months of receipt of the notice.  The Company intends to submit
the plan within 45 days.  The NYSE will have 45 days after receipt
of the plan to review and determine whether the Company has made a
reasonable demonstration of its ability to return to conformity
with the relevant standards within the 18-month period.  The NYSE
will either accept the plan, at which time the Company would be
subject to ongoing monitoring for compliance with the plan, or the
NYSE will not accept the plan and the Company would be subject to
suspension and delisting procedures.  During the 18-month period,
the Company's shares will continue to be listed and traded on the
NYSE, subject to its continued compliance with the plan and other
NYSE continued listing standards.  The Company can provide no
assurances that it will be able to satisfy any of the steps
outlined above and maintain a listing of its shares.

There is no immediate impact on the listing of the Company's common
stock, which will continue to trade on the NYSE, subject to the
Company's compliance with other listing standards.  The Company
will continue to file periodic and other reports with the SEC under
applicable federal securities laws.

Brian Hanson, ION's chief executive officer and president stated,
"We have already begun preparation on our plan to restore
compliance with the NYSE as our business continues to improve and
we will cooperatively work with the NYSE to return to compliance."

                     About ION Geophysical

Headquartered in Delaware, ION Geophysical is a global,
technology-focused company that provides geoscience technology,
services and solutions to the global oil and gas industry.  The
Company's offerings are designed to allow oil and gas exploration
and production companies to obtain higher resolution images of the
Earth's subsurface during E&P operations to reduce their risk in
exploration and reservoir development.

ION Geophysical reported a net loss attributable to the Company of
$65.14 million in 2016, a net loss attributable to the Company of
$25.12 million in 2015 and a net loss attributable to the Company
of $128.25 million in 2014.  

As of March 31, 2017, Ion Geophysical had $298.12 million in total
assets, $266.35 million in total liabilities and $31.77 million in
total equity.

                           *    *     *

As reported by the TCR on Oct. 10, 2016, S&P Global Ratings raised
the corporate credit rating on ION Geophysical Corp. to 'CCC+' from
'SD'.  The rating action follows ION's partial exchange of its
8.125% notes maturing in 2018 for new 9.125% second-lien notes
maturing in 2021.

In May 2016, Moody's Investors Service affirmed ION Geophysical's
'Caa2' Corporate Family Rating, and affirmed and appended its
Probability of Default Rating (PDR) at 'Caa2-PD/LD'.


ITUS CORP: Lewis Titterton Appointed as Director
------------------------------------------------
The Board of Directors of ITUS Corporation appointed Mr. Lewis
Titterton to serve on the Company's Board of Directors until the
Company's next annual meeting of stockholders.  The appointment was
effective July 17, 2017.

Lewis H. Titterton, Jr., age 73, served as a director of the
Company from August 2010 through August 2016, as the Chairman of
the Board of Directors from July 2012 through August 2016, and
interim chief executive officer from August 2012 until September
2012.  Mr. Titterton is currently Chairman of the Board of NYMED,
Inc., a diversified health services company.  His background is in
high technology with an emphasis on health care and he has been
with NYMED, Inc. since 1989.  Mr. Titterton founded MedE America,
Inc. in 1986 and was Chief Executive Officer of Management and
Planning Services, Inc. from 1978 to 1986.  Mr. Titterton also
served as one of our Directors from July 1999 to January 2003.  He
holds a M.B.A. from the State University of New York at Albany, and
a B.A. degree from Cornell University.  Mr. Titterton has been
involved with our Company as a director or investor for over twenty
years.  Mr. Titterton also has substantial experience with advising
on the strategic development of technology companies and over forty
years of experience in various aspects of the technology industry.

In connection with Mr. Titterton's appointment to the Board of
Directors, the Company has granted Mr. Titterton options to
purchase an aggregate of 6,000 shares of the Company's common stock
with an exercise price of $0.82 based upon the closing sales price
of the Company's common stock on the day he was appointed to the
Board of Directors.  The options, which were granted under the
Company's 2010 Share Incentive Plan, will vest over the remainder
of the calendar year, with one half of the options vesting at the
end of each of the two calendar quarters following the grant date.


There are no family relationships between Mr. Titterton and any
other director, executive officer, or person nominated or chosen by
the Company to become a director or executive officer of the
Company.

                     About ITUS Corporation

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

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

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

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


J.G. NASCON: Sept. 20 Hearing on Plan Confirmation
--------------------------------------------------
Judge Magdeline D. Coleman of the U.S. Bankruptcy Court for the
Eastern District of Pennsylvania approved J.G. Nascon, Inc.'s
disclosure statement.

August 14, 2017, is set as the last date by which ballots must be
received in order to be considered as acceptances or rejections of
the Plan of Reorganization.

Sept. 13, 2017, is fixed as the date on or before which any written
objection to confirmation of the Plan of Reorganization is required
to have been filed and served.

The hearing on confirmation of the Debtor's Plan of Reorganization
shall be held in the U.S. Bankruptcy Court, 900 Market Street,
Courtroom #2, Philadelphia, Pennsylvania on Sept. 20, 2017, at
11:00 a.m.

                   About J.G. Nascon

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

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

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


KAZBAR LLC: Seeks to Hire Allen Barnes & Jones as Counsel
---------------------------------------------------------
Kazbar, LLC, seeks approval from the US Bankruptcy Court for the
District of Arizona to employ Allen Barnes & Jones, PLC as
counsel.

Services Allen Barnes will render are:

     a. provide the Debtor with legal advice with respect to its
reorganization;

      b. represent the Debtor in connection with negotiations
involving creditors and possible purchasers;

     c. represent the Debtor in discussions with the United States
Trustee's office;

     d. represent the Debtor at hearings set by the Court or
required appearances with the United States Trustee's office;

     e. prepare necessary applications, motions, answers, orders,
reports or other legal papers necessary to assist in the Debtor's
reorganization.

The individuals presently designated to represent the Debtor and
their current rates are:

     Thomas H. Allen, Member:          $395.00 per hour
     Hilary Barnes, Member:            $395.00 per hour
     Michael A. Jones, Member:         $335.00 per hour
     Philip J. Giles, Associate:       $285.00 per hour
     Khaled Tarazi, Associate:         $240.00 per hour
     Legal Assistants and Law Clerks:  $115.00-$135.00 per hour

The Debtor paid Allen Barnes a total retainer in the amount of
$47,000, which includes the Chapter 11 filing fee of $1,717.  The
firm applied $24,639.89 of the retainer to pre-petition fees and
the Chapter 11 filing fee.  The firm currently holds $22,360.11 in
its IOLTA Trust Account to secure post-petition fees and costs.

Hilary L. Barnes attests that Allen Barnes is disinterested and has
no connection with the creditors or any other party-in-interest, or
their respective attorneys.

The Firm can be reached through:

     Hilary L. Barnes, Esq.
     Philip J. Giles, Esq.
     ALLEN BARNES & JONES, PLC
     1850 N. Central Avenue, Suite 1150
     Phoenix, AZ 85004
     Tel: (602) 256-6000
     Fax: (602) 252-4712
     Email: hbarnes@allenbarneslaw.com
            pgiles@allenbarneslaw.com

                About Kazbar and Cowboy Ciao

Cowboy Ciao LLC operates a restaurant in downtown Scottsdale,
Arizona, known as Cowboy Ciao.  The restaurant offers New American
meals with Southwestern accents dished out in funky environs
decorated with cowboy art.

Cowboy Ciao and affiliate Kazbar LLC, also based in Scottsdale,
filed separate Chapter 11 petitions (Bankr. D. Ariz. Lead Case No.
17-07611) on July 3, 2017. The Hon. Daniel P. Collins presides over
the cases.  Hilary L Barnes, Esq., and Philip J Giles, Esq., at
Allen Barnes & Jones, PLC, serves as the Debtors' bankruptcy
counsel.

In its petition, Kazbar estimated $50,000 to $100,000 in assets and
$500,000 to $1 million in liabilities. Cowboy Ciao estimated
$500,000 to $1,000,000 in assets, and $1 million to $10 million in
liabilities. The petitions were signed by Peter Kasperski, member
of Spaghetti Western Productions LLC.

Cowboy Ciao and Kazbar previously sought Chapter 11 protection
(Bankr. D. Ariz. Case No. 12-14671 and 12-14666) on June 29, 2012.


KCST USA: Has Court's Nod to Use Cash Collateral of Axia Net
------------------------------------------------------------
The Hon. Elizabeth D. Katz of the U.S. Bankruptcy Court for the
District of Massachusetts has authorized KCST USA, Inc., to use
cash collateral and grant adequate protection to Axia Net Media
Corp. and to extend postpetition financing on priority secured
basis.

The Lender has consented to the Debtor's use of cash collateral
subject to and conditioned upon the granting of protections for
which the Debtor will be obligated.  The Lender will continue to
have, pursuant to the DIP financing court orders, and without the
necessity of the execution by the Debtor of mortgages, security
agreements, pledge agreements, financing statements or other
agreements, a valid and perfected security interest in, and lien on
the Collateral, including the cash collateral and the proceeds
thereof, as approved and provided for in the DIP financing court
orders.  The Lender will expressly have no lien on causes of action
brought pursuant to Sections 506(c), 544, 547, 548 and 549 of the
Code and recoveries upon causes of action.

The DIP loan facility is extended on the same terms and conditions
as presently in effect, except that: (i) the maturity date is
extended to the earlier of Sept. 30, 2017, or confirmation of a
plan of reorganization; and (ii) the maximum borrowing under the
DIP Loan Facility will be $800,000.  

ANMC will continue to have a senior security interest in and lien
upon the Debtor's assets, provided that, the liens will not attach
to nor be satisfied from the proceeds of the Debtor's claims and
causes of action arising under Chapter 5 of the U.S. Bankruptcy
Code.

A copy of the court order is available at:

           http://bankrupt.com/misc/mab17-40501-78.pdf

As reported by the Troubled Company Reporter on June 27, 2017, the
Court granted the Debtor interim authorization to use the cash
collateral through July 13, 2017.  The Debtor is in need of
continued financing to preserve its assets and operations.

                       About KCST USA, Inc.

KCST USA, Inc., based in Concord, MA, filed a Chapter 11 petition
(Bankr. D. Mass. Case No. 17-40501) on March 22, 2017.  In its
petition, the Debtor estimated $500,000 to $1 million in assets and
$10 million to $50 million in liabilities.  The petition was signed
by Terrence Fergus, president.  The Hon. Elizabeth D. Katz presides
over the case.  Andrew G. Lizotte, Esq., and Harold B. Murphy,
Esq., at Murphy & King, P.C., serves as bankruptcy counsel.
Stephen Darr of Huron Consulting Services, LLC, is the chief
restructuring officer.


LA SABANA: Disclosures Approved; Plan Outline Hearing on Sept. 20
-----------------------------------------------------------------
Judge Mildred Caban Flores of the U.S. Bankruptcy Court for the
District of Puerto Rico approved La Sabana Development LLC's
disclosure statement referring to a plan under chapter 11 filed on
May 24, 2017.

Acceptances or rejections of the Plan may be filed in writing on/or
before 14 days prior to the date of the hearing on confirmation of
the Plan.

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.

A hearing for the consideration of confirmation of the Plan will be
held on Sept. 20, 2017, at 9:00 A.M. at the Jose V. Toledo Federal
Building and US Courthouse, 300 Recinto Sur Street, Courtroom 3,
Third Floor, San Juan, Puerto Rico.

The Troubled Company Reporter reported on June 7, 2017, that Class
3 general unsecured creditors will receive no distribution under
the Plan.

The Debtor's Plan will be funded with proceeds from the sale of its
real estate property, as per the 363 motion filed on May 17, 2017.
All of the proceeds received from said sale will be paid to secured
creditor PRCI LOAN, LLC, who consented to the sale.

The Fifth Amended Disclosure Statement is available at:

            http://bankrupt.com/misc/prb15-08743-143.pdf

                     About La Sabana Development

La Sabana Development LLC is a limited liability corporation, duly
registered and authorized to do business in the Commonwealth of
Puerto Rico.  The Debtor is engaged in the business of developing
residential units.

The Debtor filed a Chapter 11 petition (Bankr. D.P.R. Case No.
15-08743), on Nov. 4, 2015.  The case is assigned to Judge Mildred
Caban Flores.  The Debtor's counsel is Hector Eduardo Pedrosa
Luna,
Esq., The Law Offices of Hector Eduardo Pedrosa Luna, PO Box
9023963, San Juan, Puerto Rico.  At the time of filing, the Debtor
had estimated both assets and liabilities ranging from $10 million
to $50 million each.  The petition was signed by Cleofe
Rubi-Gonzalez, president.


LB VENTURES: Unsecured Creditors to be Paid 10% in 5 Years
----------------------------------------------------------
Unsecured creditors of LB Ventures, LLC will be paid 10% of their
claims under the company's proposed plan to exit Chapter 11
protection.

Under the restructuring plan, LB Ventures will pay the sum of
$26,417.50 to creditors holding Class 4 unsecured claims in five
annual installments.  The company estimates that these payments
will result in a dividend of approximately 10%.

LB Ventures will make an initial distribution of $5,284 on
confirmation of the plan to be distributed pro rata, and
thereafter, on the effective date of confirmation for an additional
four payments.

The general unsecured debt as scheduled by the company or as
provided by the allowed proofs of claim is in the approximate sum
of $264,175. Class 4 is impaired.

LB Ventures will pay the claims from its operations
post-confirmation and from contributions of new value by the equity
interest holder.  The company expects to have sufficient cash on
hand to make the payments required on the effective date of the
plan, according to its disclosure statement filed with the U.S.
Bankruptcy Court for the District of Massachusetts.

A copy of the disclosure statement is available for free at
https://is.gd/Ok0U82

                      About LB Ventures LLC

LB Ventures, LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Mass. Case No. 17-10084) on January 10,
2017.  Luis M. Barros, manager, signed the petition.  

At the time of the filing, the Debtor disclosed that it had
estimated assets of $1 million to $10 million and liabilities of
less than $1 million.  

Judge Joan N. Feeney presides over the case.  Parker & Associates
is the Debtor's bankruptcy counsel.


LDJ ENTERPRISE: Taps Middleton Law Office as Legal Counsel
----------------------------------------------------------
LDJ Enterprise, LLC seeks approval from the U.S. Bankruptcy Court
for the Northern District of Mississippi to hire legal counsel in
connection with its Chapter 11 case.

The Debtor proposes to hire Middleton Law Office, PLLC to, among
other things, give legal advice regarding its duties under the
Bankruptcy Code, and assist in the preparation of a plan of
reorganization.

Dalton Middleton, Esq., the attorney who will be handling the case,
will charge an hourly fee of $175.  Paralegals will charge $100 per
hour.

The firm will receive a retainer of $10,000, including the filing
fee of $1,717.

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

The firm can be reached through:

     Dalton Middleton, Esq.
     Middleton & Tinsley Law Firm, PLLC
     2604 W Main Street, Ste C
     P.O. Box 3129
     Tupelo, MS 38803
     Telephone: 662-205-4749
     Telecopier: 662-269-2424
     Email: rrb@mlawms.com

                      About LDJ Enterprise

Headquartered in Tupelo, Mississippi, LDJ Enterprise, LLC, filed
for Chapter 11 bankruptcy protection (Bankr. N.D. Miss. Case No.
17-11088) on March 23, 2017, estimating assets and liabilities of
less than $50,000.  Lisa Pulliam, its administrator, signed the
petition.


LIGHTSTONE GENERATION: Bank Debt Trades at 2% Off
-------------------------------------------------
Participations in a syndicated loan under Lightstone Generation LLC
is a borrower traded in the secondary market at 97.60
cents-on-the-dollar during the week ended Friday, July 7, 2017,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents a decrease of 0.15 percentage points from the
previous week.  Lightstone Generation pays 450 basis points above
LIBOR to borrow under the $1.625 billion facility. The bank loan
matures on Jan. 30, 2024 and carries Moody's Ba3 rating and
Standard & Poor's BB- rating.  The loan is one of the biggest
gainers and losers among 247 widely quoted syndicated loans with
five or more bids in secondary trading for the week ended July 7.


LINDERIAN COMPANY: Plan Outline Okayed, Plan Hearing on Aug. 23
---------------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of Texas is set
to hold a hearing on August 23, at 1:30 p.m., to consider approval
of the Chapter 11 plan of reorganization for The Linderian Company,
Ltd. and LDI Management, Inc.

The court on July 6 approved the companies' disclosure statement,
allowing them to start soliciting votes from creditors.  

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

                    About The Linderian Company

Based in Longview, Texas, The Linderian Company, Ltd. operates a
skilled nursing facility by the name of Summer Meadows.

Linderian filed a Chapter 11 petition (Bankr. E.D. Tex. Case No.
16-60031) on January 19, 2016.  The petition was signed by Greg
Sechrist, managing partner.  In its petition, Linderian estimated
$1 million to $10 million in both assets and liabilities.  

On August 4, 2016, LDI Management Inc., which provides medical
services to certain residents of Linderian, filed a Chapter 11
petition (Bankr. E.D. Tex. Case No. 16-60485).  

The cases are jointly administered under Case No. 16-60031.  Judge
Bill Parker presides over the cases.

Curtis Castillo PC is the Debtors' bankruptcy counsel.


LTS GROUP: S&P Puts 'B' CCR on CreditWatch Pos. Amid Crown Deal
---------------------------------------------------------------
S&P Global Ratings placed its 'B' corporate credit rating on
Boxborough, Mass.-based LTS Group Holdings LLC on CreditWatch with
positive implications.

The CreditWatch placement follows the announcement that LTS will be
acquired by Crown Castle International Corp. for about $7.1 billion
in cash. Crown Castle will fund the acquisition price for LTS with
proceeds from a mix of equity and debt financing, which may include
borrowings under the company's revolving credit facility. The
equity component is scheduled to include $3.25 billion of common
stock and $1.5 billion of mandatory convertible preferred stock (to
which we ascribe 100% equity credit). S&P said, "We expect the
transaction to close by the end of 2017.

"We expect that LTS's $200 million of senior secured revolving
credit facilities and $2.26 billion first-lien term loan due 2020
($2.23 billion outstanding) will be repaid when the transaction
closes because there is a change of control provision in the credit
agreement. As a result, we are not placing our ratings on the
credit facilities and term loan on CreditWatch.

"We believe that a multi-notch upgrade is likely and expect to
resolve the CreditWatch placement when the transaction closes by
the end of 2017."


MARINA BIOTECH: Inks License Pact With Oncotelic for SMARTICLES
---------------------------------------------------------------
Marina Biotech, Inc. announced that it has entered into a license
agreement with Oncotelic, Inc. regarding the Company's SMARTICLES
platform for the delivery of antisense DNA therapeutics.  This
represents the first time that the Company's SMARTICLES
technologies have been licensed in connection with delivery of
Marina's proprietary Conformationally Restricted Nucleotides and
other antisense nucleotides.  Under terms of the agreement,
Oncotelic will invest $250,000 in Marina at a share price of $0.51.
In addition, Marina may receive in certain circumstances a
commercial license fee consummated by the sale to Oncotelic of
shares of the common stock of Marina for an aggregate purchase
price of $500,000, with the purchase price for each share of Marina
common stock being the greater of $0.51 or the volume weighted
average price of the Marina common stock at the time of purchase,
and as well sales milestones, which sales milestones shall not
exceed in any event $90,000,000.  Further details of the agreement
were not disclosed.

"With the execution of this license agreement, the company extends
its runway and enters into new areas of medicine," stated Joseph W.
Ramelli, CEO of Marina Biotech.  "We are now beginning to see our
delivery technologies used with various types of molecules and
entities.  We hope our delivery technologies continue to provide
new therapeutic opportunities to the patient community."

                     About Marina Biotech

Headquartered in Bothell, Washington, Marina Biotech, Inc. --
Oncotelic, Inc. -- http://www.marinabio.com.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.  Marina Biotech's
focus is to treat the intersection of arthritis, pain,
hypertension, and oncology diseases using combination therapies of
already approved drugs.  The company is developing and
commercializing late stage, non-addictive pain therapeutics.

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.


MARKS FAMILY: Taps Steinhilber Swanson as Legal Counsel
-------------------------------------------------------
Marks Family Trucking, LLC seeks approval from the U.S. Bankruptcy
Court for the Eastern District of Wisconsin to hire legal counsel
in connection with its Chapter 11 case.

The Debtor proposes to hire Steinhilber Swanson LLP to, among other
things, assist in the preparation of a plan of reorganization,
analyze claims of creditors, and handle case administration tasks.

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

     Paul Swanson        Partner       $395
     John Menn           Associate     $275
     Nicholas Hahn       Associate     $200
     Heather Saladin     Paralegal     $150

The hourly rates for other attorneys and paralegals who may also
assist the Debtor range from $150 to $395.

Steinhilber received a retainer from the Debtor in the amount of
$13,283.

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

The firm can be reached through:

     Paul G. Swanson, Esq.
     Steinhilber Swanson LLP
     107 Church Avenue
     P.O. Box 617
     Oshkosh, WI 54903-0617
     Tel: 920-235-6690
     Fax: 920-426-5530
     Email: pswanson@oshkoshlawyers.com

                About Marks Family Trucking LLC

Marks Family Trucking, LLC is engaged in contract truck hauling.
The Company owns a fee simple interest in a property located at
5230 E. Burnett Street, Beaver Dam, Wisconsin -- office, garage and
yard -- from which it operated.  It paid $350,000 for the property
five years ago and the current value is thought to be at least this
much.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. E.D. Wis. Case No. 17-26876) on July 13, 2017.
Rebecca L. Marks, manager, signed the petition.  

At the time of the filing, the Debtor disclosed $1.65 million in
assets and $969,984 in liabilities.  

Judge Susan V. Kelley presides over the case.


MARTIN'S VIEW: Wants to Use EagleBank, et al.'s Cash Collateral
---------------------------------------------------------------
Martin's View Apartments, LLC, seeks authorization from the U.S.
Bankruptcy Court for the District of Columbia to use cash
collateral of (a) EagleBank, a Maryland banking corporation, which
holds a first priority perfected lien and security interest on cash
collateral, and (b) seven private lenders who hold a collective
Second Deed of Trust and Security Agreement, recorded May 24, 2017,
with the District of Columbia Recorder of Deeds, securing claims in
the aggregate principal amount of $2 million.

The Debtor and EagleBank have agreed to terms for the interim use
of cash collateral.

The Secured Creditors will be provided with adequate protection
under the interim court order: (i) monthly payments to EagleBank in
the amount of $42,940.68; (ii) a replacement lien on all the
post-petition assets of the Debtor pursuant to Section 361 of the
Bankruptcy Code to the extent of diminution in the value of the
Secured Creditors' interest in cash collateral; and (iii)
administrative priority expense claims pursuant to Section 507(b)
of the Bankruptcy Code, to the extent there is a diminution in the
value of the Secured Creditors' interest in cash collateral.

The Debtor will use the cash collateral in order to continue to
operate, preserve and maintain the Debtor's a 156-unit residential
apartment project located at 200 - 211 Elmira Street SW, and 4337
– 4363 Martin Luther King, Jr. Avenue SW, Washington, D.C. 20032.
Unless the Debtor is permitted to use cash collateral, it will be
irreparably harmed because it will be unable to operate and manage
its business and preserve and maintain the going concern value of
the Property.  The Debtor requires the use of cash collateral for
the payment of, among other things, operating expenses including
management fees, utilities expenses, maintenance expenses, and
other expenses as more fully set forth in the budget.  The Debtor's
use of cash collateral to operate its business will protect the
value of the Property and the welfare of its residents.

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

             http://bankrupt.com/misc/dcb17-00389-3.pdf

                  About Martin's View Apartments

Martin's View Apartments, LLC, is a real estate lessor in Bethesda,
Maryland.  Its principal assets are located at 4337 - 4363 Martin
Luther King Jr. Avenue SW 200 - 211 Elmira Street SW Washington, DC
20032.

Martin's View Apartments filed for Chapter 11 bankruptcy protection
(Bankr. D.C. Case No. 17-00389) on July 14, 2017, estimating its
assets at between $10 million and $50 million and liabilities at
between $1 million and $10 million.  The petition was signed by
Carter A. Nowell, manager.

Kristen E. Burgers, Esq., and Stephen E. Leach, Esq., at Hirschler
Fleischer, PC, serve as the Debtor's bankruptcy counsel.


MCCLATCHY CO: Reports $37.4 Million Net Loss for Second Quarter
---------------------------------------------------------------
The McClatchy Company reported a net loss in the second quarter of
2017 of $37.4 million, or $4.91 per share that includes after-tax
non-cash impairments totaling $28.8 million on the carrying value
of the company's interest in CareerBuilder LLC (CareerBuilder) and
other equity investments.  In the second quarter of 2016 McClatchy
reported a net loss of $14.7 million, or $1.89 per share.

The Company reported an adjusted net loss of $6.1 million, which
excludes severance and certain other items in the second quarter of
2017, compared to an adjusted net loss of $1.5 million in the
second quarter of 2016.

Craig Forman, McClatchy's president and CEO, said, "As we focus
forward at McClatchy, the mantra of accelerating our pace and
cadence is being embraced across the organization.  And our changes
are being well-received by customers -- both long-tenured and new.
In the second quarter, we moved forward by regionalizing our
publisher structure, centralizing our audience department,
expanding our exceleratetm digital marketing business, hastening
our product release cycles and diligently working to close on our
strategic real estate transactions.

"As I have mentioned before, achieving a normalized operating
environment takes some time in digital transitions.  While we
continue to see strong headwinds in print advertising, we also are
seeing our digital efforts in all aspects of the business moderate
those headwinds.  In the second quarter, our advertising revenue
trend improved by almost one percentage point and our decline in
adjusted EBITDA improved from last quarter by almost seven
percentage points, important indicators of our strategic plans at
work.

"Our commitment to journalism that matters is an area of focus that
is unremitting.  And reaching greater audiences with that
journalism is at the core of what we do," Forman continued.  "Our
newsroom reinvention and the rollout of our new audience management
platform are key to these efforts.  Two measurements of our success
are growth in our digital subscriptions and in unique visitors.
Digital subscriptions grew by 13.8% over the same quarter last year
and our unique visitors grew by 14.6% over the same period.

"We plan to continue our digital audience growth in the second half
of the year by providing relevant journalism to our readers and
viewers while explaining the benefits of subscribing to our digital
products," Forman said.  "We also will learn more about our
customers as they begin using the new audience platform, and as a
result we can engage more meaningfully with our subscribers."

                      Second Quarter Results

Total revenues in the second quarter of 2017 were $225.1 million,
down 7.1% compared to the second quarter of 2016.  The sequential
rate of decline is consistent with that reported for the first
quarter of 2017 in the 7% range.

Total advertising revenues were $125.2 million, down 11.1% in the
second quarter of 2017 compared to the second quarter of 2016.  The
rate of decline in total advertising revenue slowed in the second
quarter reflecting a sequential improvement of 90 basis points
compared to the decline reported in the first quarter of 2017.  The
decline in advertising revenues continues to be due to the softness
in traditional print advertising offset by improvements in direct
marketing advertising and digital-only advertising.

Digital-only advertising revenues grew 10.0% in the second quarter
of 2017 while total digital advertising revenues, which includes
digital-only advertising and digital advertising bundled as an
upsell with print advertising, declined 0.9% compared to the same
quarter last year.  Direct marketing declined 1.8% in the second
quarter of 2017 compared to a decline of 13.2% in the same period
last year.  The improvement in trend in the first half of 2017 was
mainly attributable to new customers joining in the second half of
last year at a few of our markets and the impact of rolling over
the elimination of certain products during late 2015 and early
2016.

Audience revenues were $89.9 million, down 0.6% in the second
quarter compared to the same period in 2016.  Digital-only audience
revenues were up 6.7% due to subscriber growth and pricing
strategies implemented throughout 2016.  The number of digital-only
subscribers ended the quarter at 91,000, representing an increase
of 13.8% from the second quarter of 2016.  The strength in
digital-only audience results were achieved despite the
interruption that was inherent during the implementation of a new
audience management platform during the quarter.  New features will
be rolled out in coming quarters that will enable additional
revenue-generating strategies.

Average total unique and local unique visitors to the company's
online products were 66 million and 16.3 million, respectively, in
the second quarter of 2017.  These results represented growth of
14.6% in total unique visitors and 10.7% in local unique visitors
in the second quarter of 2017 compared to the same quarter last
year.  Mobile users represented 60.2% of average total unique
visitors in the second quarter of 2017 compared to 52.9% in the
second quarter of 2016.

Revenues exclusive of print newspaper advertising accounted for
74.7% of total revenues in the second quarter of 2017, an increase
from 70.4% in the second quarter of 2016.

Results in the second quarter of 2017 included the following
items:

    -- Non-cash impairment charge related to the write-down on the
       carrying value of the Company's equity investment in
       CareerBuilder and other equity investments totaling $46.1
       million ($28.8 million after-tax);

    -- Severance charges totaling $5.6 million ($3.4 million
       after-tax);

    -- Costs associated with reorganizing sales and other
       operations totaling $0.8 million ($0.5 million after-tax);

    -- Gain on real estate transactions and charges associated
       with relocations of certain operations netting to $3.1
       million ($1.9 million after-tax); and

    -- Loss on extinguishment of debt $0.9 million ($0.6 million
       after-tax).

Adjusted net loss, which excludes the items above, was $6.1
million.  Adjusted EBITDA was $35.5 million in the second quarter
of 2017, down 18.2% compared to the second quarter last year.
Operating expenses were down 11.7%, while adjusted operating
expenses, which exclude non-cash and certain other charges, were
down 4.6% in the second quarter of 2017 compared to the same
quarter last year.

      Other Second Quarter Business and Recent Highlights

Real Estate Transactions:

On March 31, 2017, the company completed the sale of the San Luis
Obispo, California, building and land for gross proceeds of $9.0
million.

The Sacramento, California, land and buildings sale and leaseback
transaction is expected to close in the third quarter of 2017.

The company entered into separate sales agreements during the
second and third quarter respectively for its Kansas City, Missouri
real property . On April 4, 2017, the company entered into an
agreement with 1729 Grand Boulevard, LLC, a 3D Development company,
to buy the Kansas City Star's downtown office facility. On July 12,
2017, the company entered into an agreement with R2 Capital, LLC to
buy the Kansas City Star's production facility, which will be
structured as a sales leaseback transaction. The two Kansas City
sale transactions will yield combined gross proceeds of $42 million
and are expected to close in the third and fourth quarters of 2017,
subject to customary closing conditions.

In the second quarter, the Company entered into a non-binding
letter of intent to sell and leaseback its Columbia, South
Carolina, land and building.  The sale is expected to close in the
fourth quarter of 2017, subject to customary closing conditions.

CareerBuilder:

On June 19, 2017, the Company announced that along with the current
ownership group, it entered into an agreement to sell a majority of
the collective ownership interest in CareerBuilder to an investor
group led by investment funds managed by affiliates of Apollo
Management Group along with the Ontario Teachers' Pension Plan
Board.  The transaction is expected to close in the third quarter
of 2017.  Upon closing, the company expects to receive $76 million
made up of approximately $8 million in normal distributions and $68
million of after-tax proceeds.

Upon the closing of the transaction, McClatchy's ownership interest
in CareerBuilder will be reduced to 3.5% from 15%. Management has
estimated a fair value of the interest retained in CareerBuilder
and its accounting impact of the transaction, and as a result, an
additional pre-tax non-cash impairment charge of $45.6 million was
recorded in the second quarter of 2017.

First Six Months Results of 2017

Total revenues for the first six months of 2017 were $446.3
million, down 7.1% compared to the first six months of 2016.
Advertising revenues were $245.1 million, down 11.6% compared to
the first six months of last year.  Softness in print advertising
negatively impacted advertising revenues but was partially offset
by growth in digital-only advertising revenue of 10.8% when
compared to the first half of 2016.

Audience revenues were $181.3 million, relatively unchanged when
compared to the first half of 2016 and digital-only audience
revenues were up 8.8% over the same period.  The growth in
digital-only audience revenue is attributable to the increase in
digital-only subscribers through promotional efforts and rate
increases initiated in the second half of last year.

The Company reported a net loss for the first half of 2017 of
$133.0 million, or $17.49 per share which included non-cash
after-tax impairment charges of $105.6 million that are mainly
attributable to the write-down of its CareerBuilder investment. Net
loss for the first half of 2016 was $27.5 million or $3.48 a
share.

Results for the first six months of 2017 included the following
items:

   -- Non-cash impairment charge related to the write-down of the
      carrying value of our equity investment in CareerBuilder and

      other investments totaling $169.1 million ($105.6 million
      after-tax);

   -- Severance charges totaling $9.5 million ($5.8 million after
      -tax);

   -- Non-cash write-down of inventory totaling $2.0 million ($1.2
      million after-tax);

   -- Costs associated with reorganizing sales and other
      operations totaling $1.2 million ($0.7 million after-tax);

   -- Gain on real estate transaction offset by charges associated

      with relocations of certain operations netting to $2.8
      million ($1.7 million after-tax);

   -- Loss on extinguishment of debt of $0.9 million ($0.6 million
      after-tax);

   -- Costs related to co-sourcing information technology
      operations and other miscellaneous acquisition-related costs

      totaling $0.3 million ($0.2 million after-tax); and

   -- Net increase in taxes totaling $0.1 million for adjustments
      of certain deferred tax credits related to tax positions
      taken in prior years.

Adjusted net loss, which excludes the items above, was $20.6
million.  Adjusted EBITDA was $58.6 million in the first half of
2017, down 21.0% compared to the first half of last year. Operating
expenses were down 8.9%, while adjusted operating expenses, which
exclude non-cash and certain other charges, were down 4.5% in the
first half of 2017 compared to the same period last year.

Debt and Liquidity:

Debt at the end of the second quarter 2017, after repurchasing $15
million of bonds, was $858.7 million.  The notes due September 2017
had a principal balance of $16.9 million outstanding with no other
maturities coming due until December 2022.  The Company finished
the quarter with $8.4 million in cash, resulting in net debt of
$850.3 million.  In addition, the Company has a $65 million
revolving line of credit available for liquidity.

The leverage ratio at the end of the second quarter under the
company's credit agreement was 5.48 times cash flow (as defined)
compared to a maximum leverage covenant of 6.0 times cash flow. The
company expects its current de-leveraging strategies to reduce this
ratio over the course of the year.

Outlook

Craig Forman said, "In the first quarter we indicated that our
decline in adjusted EBITDA was not reflective of the trend we
expect for the rest of 2017.  We are happy to report that we
improved upon our adjusted EBITDA trend by almost seven percentage
points in the second quarter and we also expect to see trend
improvements in EBITDA in the second half."

For the second half of 2017, the Company expects to grow
digital-only advertising revenue at a double-digit rate for all of
2017, improving on the trend seen in the first half of 2017.  The
Company expects to obtain the digital growth through organic
investments in digital solutions like exceleratetm, as well as
other digital products and partnerships.

Expenses are expected to include investments in exceleratetm
throughout 2017, providing it with a larger sales force and with
tools to drive revenue results in McClatchy's markets, as well as
adjacent markets.  Management also sees further potential in its
video portfolio as well as Nucleus, which is expected to help drive
results for large retailers and national accounts.

While the company believes in the value of print advertising, the
declining trends in print advertising are not anticipated to
subside in the remainder of 2017.  Management believes that print
advertising will continue to become a smaller portion of
advertising and total revenue.  Audience revenues are expected to
be stable in 2017.

Management remains committed to reducing operating expenses and
will monitor costs throughout the year to achieve expense
performance in line with revenue performance, despite the
additional investments in news and sales infrastructures.
Strategies to continue its digital transformation and reduce legacy
costs include, among others, moving to regional publishers,
centralizing audience functions, consolidating production and other
functions and reinventing our newsrooms to have a digital-first
work flow.  These actions will result in initial implementation
costs in the range of $18 million to $20 million, which may include
accelerated depreciation and certain other non-cash costs.  This
compares to similar upfront costs of approximately $40 million in
2016 to further its digital transformation and continue the
reduction of legacy costs. As noted above, management expects
improving performance in adjusted EBITDA compared to the level of
decline in the first half of 2017.

Management will maintain its focus on monetizing real estate assets
throughout 2017 with the goal of realizing approximately $100
million in proceeds in 2017.  The proceeds achieved from the real
estate transactions coupled with proceeds from other asset sales
and cash from operations will be utilized to de-lever the company
through debt reductions and for further investment in the
business.

The Company's press release is available for free at:

                     https://is.gd/6cwuGX

                        About McClatchy

The McClatchy Company -- http://www.mcclatchy.com/-- is publisher
of iconic brands such as the Miami Herald, The Kansas City Star,
The Sacramento Bee, The Charlotte Observer, The (Raleigh) News &
Observer, and the (Fort Worth) Star-Telegram.  McClatchy operates
30 media companies in 29 U.S. markets in 14 states, providing each
of its communities with high-quality news and advertising services
in a wide array of digital and print formats.  McClatchy is
headquartered in Sacramento, Calif., and listed on the New York
Stock Exchange under the symbol MNI.

McClatchy reported a net loss of $34.19 million for the year ended
Dec. 25, 2016, compared to a net loss of $300.16 million for the
year ended Dec. 27, 2015.  As of March 26, 2017, McClatchy had
$1.74 billion in total assets, $1.72 billion in total liabilities
and $21.72 million in total stockholders' equity.

                          *     *     *

McClatchy continues to hold Moody's Investors Service's "Caa1"
corporate family rating.  In December 2015, Moody's affirmed the
"Caa1" corporate family rating rating and changed the rating
outlook to stable from positive due to continued weakness in the
print advertising market and the ongoing pressure on the company's
operating cashflow.

McClatchy continues to hold Standard & Poor's "B-" corporate credit
rating (outlook stable).  As reported by the TCR on
April 2, 2014, S&P affirmed all ratings on McClatchy including the
'B-' corporate credit rating, and revised the rating outlook to
stable from positive.  The outlook revision to stable reflected
S&P's expectation that the time-frame for a potential upgrade lies
beyond the next 12 months, and could also depend on the company
realizing value from its digital minority interests.


MEG ENERGY: Bank Debt Trades at 3% Off
--------------------------------------
Participations in a syndicated loan under MEG Energy Corp is a
borrower traded in the secondary market at 97.46
cents-on-the-dollar during the week ended Friday, July 7, 2017,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents an increase of 0.65 percentage points from the
previous week.  MEG Energy pays 350 basis points above LIBOR to
borrow under the $1.235 billion facility. The bank loan matures on
Dec. 1, 2023 and carries Moody's Ba3 rating and Standard & Poor's
BB+ rating.  The loan is one of the biggest gainers and losers
among 247 widely quoted syndicated loans with five or more bids in
secondary trading for the week ended July 7.


MFR RENTAL: August 30 Plan Confirmation Hearing
-----------------------------------------------
Judge Michael G. Williamson of the U.S. Bankruptcy Court for the
Middle District of Florida conditionally approved MFR Rental
Properties, LLC's disclosure statement explaining its plan of
reorganization.

Any written objections to the Disclosure Statement shall be filed
with the Court and served no later than seven days prior to the
date of the hearing on confirmation.

The Court will conduct a hearing on confirmation of the Plan on
August 30, 2017, at 9:30 A.M. in Tampa, FL - Courtroom 8A, Sam M.
Gibbons U.S. Courthouse, 801 N. Florida Avenue.

Parties in interest shall submit their written ballot accepting or
rejecting the Plan no later than eight days before the date of the
Confirmation Hearing.

Objections to confirmation shall be filed with the Court and served
no later than seven days before the date of the Confirmation
Hearing.

               About MFR Rental Properties

MFR Rental Properties, LLC, filed a Chapter 11 bankruptcy petition
(Bankr. M.D. Fla. Case No. 17-02334) on March 22, 2017.  The
petition was signed by Manuel F. Rodriguez, Chief Restructuring
Officer.  At the time of filing, the Debtor had $100,000 to
$500,000 in estimated assets and $500,000 to $1 million in
estimated liabilities.  Buddy D. Ford, Esq., at Buddy D. Ford,
P.A., is serving as bankruptcy counsel to the Debtor.


MOTORS LIQUIDATION: Sets Aside $30M to Fund Q2 Wind-Down Cost
-------------------------------------------------------------
Pursuant to the Second Amended and Restated Motors Liquidation
Company GUC Trust Agreement dated as of July 30, 2015, and between
the parties thereto, Wilmington Trust Company, acting solely in its
capacity as trust administrator and trustee of the Motors
Liquidation Company GUC Trust, is required to file certain GUC
Trust Reports.  In addition, pursuant to that certain Bankruptcy
Court Order Authorizing the GUC Trust Administrator to Liquidate
New GM Securities for the Purpose of Funding Fees, Costs and
Expenses of the GUC Trust and the Avoidance Action Trust, dated
March 8, 2012, the GUC Trust Administrator is required to file
certain quarterly variance reports as described in the third
sentence of Section 6.4 of the GUC Trust Agreement with the
Bankruptcy Court.

On July 21, 2017, the GUC Trust Administrator filed the GUC Trust
Report required by Section 6.2(c) of the GUC Trust Agreement
together with the Budget Variance Report, each for the fiscal
quarter ended June 30, 2017.  In addition, the Motors Liquidation
Company GUC Trust announced that no distribution in respect of its
Units (as such term is defined in the GUC Trust Agreement) is
anticipated for the fiscal quarter ended June 30, 2017.

During the three months ended June 30, 2017, the amount of GUC
Trust Cash set aside from distribution to fund projected Wind-Down
Costs and Reporting and Transfer Costs of the GUC Trust increased
by $351,500 from the cash set aside as of March 31, 2017, with the
total amount of such set aside cash aggregating $30,127,700 as of
June 30, 2017.  That increase was due primarily to the addition of
a noticing expense in the Wind-Down Costs, offset in part by a
reduction in other estimated remaining costs.

A full-text copy of the Motors Liquidation Company GUC Trust
Quarterly Section 6.2(C) Report and Budget Variance Report as of
June 30, 2017, is available for free at https://is.gd/YyuOmC

                  About Motors Liquidation

General Motors Corporation and three of its affiliates filed for
Chapter 11 protection (Bankr. S.D.N.Y. Lead Case No. 09-50026) on
June 1, 2009.  The Honorable Robert E. Gerber presides over the
Chapter 11 cases.  Harvey R. Miller, Esq., Stephen Karotkin,
Esq., and Joseph H. Smolinsky, Esq., at Weil, Gotshal & Manges
LLP, assist the Debtors in their restructuring efforts.  Al Koch
at AP Services, LLC, an affiliate of AlixPartners, LLP, serves as
the Chief Executive Officer for Motors Liquidation Company.  GM
is also represented by Jenner & Block LLP and Honigman Miller
Schwartz and Cohn LLP as counsel.  Cravath, Swaine, & Moore LLP
is providing legal advice to the GM Board of Directors.  GM's
financial advisors are Morgan Stanley, Evercore Partners and the
Blackstone Group LLP.  Garden City Group is the claims and notice
agent of the Debtors.

The U.S. Trustee appointed an Official Committee of Unsecured
Creditors and a separate Official Committee of Unsecured
Creditors Holding Asbestos-Related Claims.  Lawyers at Kramer
Levin Naftalis & Frankel LLP served as bankruptcy counsel to the
Creditors Committee.  Attorneys at Butzel Long served as counsel
on supplier contract matters.  FTI Consulting Inc. served as
financial advisors to the Creditors Committee.  Elihu Inselbuch,
Esq., at Caplin & Drysdale, Chartered, represented the Asbestos
Committee.  Legal Analysis Systems, Inc., served as asbestos
valuation analyst.

The Bankruptcy Court entered an order confirming the Debtors'
Second Amended Joint Chapter 11 Plan on March 29, 2011.  The Plan
was declared effect on March 31.

On Dec. 15, 2011, Motors Liquidation Company was dissolved.  On
the Dissolution Date, pursuant to the Plan and the Motors
Liquidation Company GUC Trust Agreement, dated March 30, 2011,
between the parties thereto, the trust administrator and trustee
-- GUC Trust Administrator -- of the Motors Liquidation Company
GUC Trust, assumed responsibility for the affairs of and certain
claims against MLC and its debtor subsidiaries that were not
concluded prior to the Dissolution Date.


MT. OLIVE BAPTIST: Wants to Use First Citizens' Cash Collateral
---------------------------------------------------------------
Mt. Olive Baptist Church, Inc., asks for authorization from the
U.S. Bankruptcy Court for the Eastern District of Wisconsin to use
cash collateral of First Citizens Bank & Trust Company to pay
employees and pay other expenses necessary to continue operating
the church.

The Debtor requests that the preliminary hearing on its motion for
interim approval of the use of cash collateral be heard on an
expedited basis, on July 21, 2017.

As adequate protection to First Citizens, the Debtor will grant
First Citizens a replacement lien in an amount equal to and in the
same collateral and priority as it had as of the Petition Date to
the extent that First Citizens had a properly perfected security
interest in cash collateral as of the Petition Date.  The Debtor
will also make cash payments of $5,800 (equal to an interest-only
payment at the 6% contract interest rate based on First Citizens'
estimated claim) to First Citizens on or before the 1st day of each
month, commencing on Aug. 1, 2017.

The Debtor will continue to maintain and insure First Citizens'
collateral consistent with the requirements in the loan documents
between the Debtor and First Citizens.

The Debtor will maintain a debtor-in-possession account to deposit
all post-petition revenue and pay all post-petition expenses.

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

           http://bankrupt.com/misc/wieb17-26930-6.pdf

Mt. Olive Baptist Church, Inc., owns a Baptist church in Milwaukee,
Wisconsin.  Mt. Olive Baptist Church filed for Chapter 11
bankruptcy protection (Bankr. E.D. Wis. Case No. 17-26930) on July
14, 2017, disclosing $584,548 in total assets as of March 31, 2017,
and $1.12 million in total liabilities as of March 31, 2017.  The
petition was signed by Nita F. Farrow, leader of trustee ministry.
Judge Michael G. Halfenger presides over the case.  David J. Espin,
Esq., at Petrie & Pettit, serves as the Debtor's bankruptcy
counsel.


MULTI-COLOR CORP: S&P Puts 'BB-' CCR on CreditWatch Negative
------------------------------------------------------------
On July 17, 2017, S&P Global Ratings affirmed all of its ratings on
Batavia, Ohio-based Multi-Color Corp., including its 'BB-'
corporate credit rating, and placed them on CreditWatch with
negative implications.

The CreditWatch negative placement follows Multi-Color Corp.'s
announcement that it has entered into a definitive agreement to
acquire the labels division of Constantia Flexibles GmbH for
approximately $1.3 billion (EUR1.15 billion). Constantia Flexibles
is a Vienna-based provider of labels used in the food and beverage,
home and personal care, and other markets.

S&P said, "The ratings are on CreditWatch with negative
implications, and we could either affirm the ratings or lower them
during the next 90 days. We will update our CreditWatch placement
following the close of the acquisition, which the company expects
to occur prior to Oct. 2, 2017. Our review will focus on whether
Multi-Color's enhanced scale, diversity, and procurement savings
will be sufficient to counterbalance the likely degradation of its
credit measures. We will also need to evaluate management's
appetite for additional debt-funded acquisitions following the
integration of Constantia's labels division. If we expect that
additional acquisitions will cause the company's adjusted
debt-to-EBITDA metric to rise well beyond 5x, we could lower our
ratings--though we expect that any potential downgrade will be
limited to one notch."


NEW CAL-NEVA: 100% Recovery for Unsecureds Under PBGL/NCP Plan
--------------------------------------------------------------
Secured creditor Penta Building Group, LLC, and Northlight Capital
Partners filed with the U.S. Bankruptcy Court for the District of
Nevada a joint proposed disclosure statement in support of an
amended plan of liquidation for New Cal-Neva Lodge, LLC, dated July
14, 2017.

The proposed liquidation Plan contemplates the sale of
substantially all Debtor's assets, free and clear, to Northlight
and the creation of a Creditors' Trust to liquidate any remaining
assets for distribution to the Debtor's general unsecured
creditors.

Under the Plan, substantially all property of the Debtor other than
Creditors' Trust Assets and as otherwise specifically described
herein will be transferred to Northlight or an entity created for
this purpose, and Northlight will assume only the obligations
specifically assumed or created under the Plan. The Creditors'
Trust Assets shall be transferred to the Creditors' Trust to be
liquidated for the benefit of the Debtor's general unsecured
creditors. Upon the Effective Date, all equity Interests in the
Debtor will be extinguished.

Northlight will invest no more than $40,000,000 to satisfy the
Debtor's existing claims. Northlight will make a $32 million "Plan
Payment" for the following purposes:

   (a) pay the Debtor's unsecured priority tax claims, priority
non-tax claims, and general administrative expenses claims and in
full in cash on the Effective Date;

   (b) satisfy Allowed fees of Estate Professionals in the maximum
aggregate amount up to $1,000,000 as agreed by such professionals;


   (c) create a $30 million fund to be disbursed on the Effective
Date in full satisfaction of the secured claims of Hall CA-NV, LLC,
Ladera Development, LLC, and Penta (inclusive of its
subcontractors), which disbursements to each such creditor will be
based on the outcome of the Secured Creditors' Adversary Actions
Litigation;

   (d) pay Allowed amounts of the advances with respect to the
super priority lien;

   (e) pay $30,000 to establish the Creditors' Trust, for benefit
of the Debtor's General Unsecured Claims; and

   (f) pay the Architect its claim as agreed to obtain the
copyright, or otherwise right, to use the design plans for the
Resort.

In addition to the Plan Payment, on the Effective Date Northlight
will pay Penta and its subcontractors $2 million and will guaranty
an additional $6 million in payments to Penta and its
Subcontractors to transfer all designs, permits and approvals held
by Penta and its subcontractors and to agree to enter into a new
Construction Contract with Northlight. Northlight's agreement to
provide the Guaranty is not contingent on the resolution of the
Lien Litigation. Northlight will thereafter pay the costs to
complete the renovation of the Resort.

The Plan proposes to pay Class 6 general unsecured creditors
prorated beneficial interest in the Creditors' Trust until such
Holders receive 100% of such Holder's Allowed General Unsecured
Claim with interest.

On or before the Effective Date, the Northlight will make the Plan
Payment, and Northlight will expend the Plan Payment as provided in
the Plan. All consideration necessary to make all monetary payments
in accordance with the Plan shall be obtained from the Plan Payment
and the Cash of the Debtor.

A full-text copy of Penta and Northlight's Disclosure Statement is
available at:

     http://bankrupt.com/misc/nvb16-51282-705.pdf

                 About New Cal-Neva Lodge

New Cal-Neva Lodge, LLC, based in Saint Helena, California, filed
a
Chapter 11 petition (Bankr. N.D. Cal. Case No. 16-10648) on July
28, 2016.  In its petition, New Cal-Neva estimated $50 million to
$100 million in assets and $10 million to $50 million in
liabilities.  The petition was signed by Robert Radovan, president
and secretary.

Judge Thomas E. Carlson presides over the case.  Keller &
Benvenutti LLP serves as bankruptcy counsel.

The Office of the U.S. Trustee appointed an official committee of
unsecured creditors on Sept. 13, 2016. The committee hired
Pachulski Stang Ziehl & Jones LLP, as legal counsel; Province,
Inc., as financial advisor; and Fennemore Craig P.C. as Nevada
counsel.

New Cal-Neva filed a Chapter 11 plan of reorganization for the
company and its parent Cal Neva Lodge, LLC.

On Jan. 6, 2017, Leslie P. Busick and several other creditors
proposed a Chapter 11 plan of reorganization for New Cal-Neva.
The
group is represented by the Law Offices of Alan R. Smith.

On March 21, 2017, Ladera Development, LLC, filed a Chapter 11
plan
of reorganization for New Cal-Neva and its parent.


NORTHEAST ENERGY: Hearing on Plan Outline Continued to Oct. 5
-------------------------------------------------------------
The U.S. Bankruptcy Court for the Western District of Pennsylvania
will continue the hearing to consider approval of Northeast Energy
Management, Inc.'s disclosure statement on October 5.

Objections to the disclosure statement must be filed on or before
September 28.

The official committee of unsecured creditors, Wildcat Developing
and several other creditors of Northeast Energy had earlier opposed
court approval of the disclosure statement, which explains the
company's proposed Chapter 11 plan of reorganization.

The committee objected to the disclosure statement on grounds that
it does not contain "adequate information."

Wildcat, which is represented by Feldstein Grinberg Lang & McKee
P.C., complained the document does not contain any information
regarding Northeast Energy's proposed treatment of its claim in the
amount of $343,253.

A Pennsylvania general partnership, Wildcat is comprised of two
individual partners, Michael Melnick and Elizabeth Gregg, each
owning a 50% interest.  Both own shares of Interstate Gas
Marketing, Inc., which in turn owns all of the outstanding stock of
Northeast Energy.

The disclosure statement had also drawn objections from The Bit
Shop, Inc. and its owner Ms. Gregg, who is also a director of
Northeast Energy.  Both criticized the classification of their
claims, which were placed into a separate class from that of the
other unsecured claims.

Ms. Gregg and her company are also represented by Feldstein
Grinberg.

Feldstein Grinberg can be reached through:

     Jeffrey R. Lalama, Esq.
     Feldstein Grinberg Lang & McKee P.C.
     428 Boulevard of the Allies, Suite 600
     Pittsburgh, PA 15219
     Tel: 412-263-6074
     Fax: 412-263-6101
     Email: jlalama@fglmlaw.com

               About Northeast Energy Management

Northeast Energy Management, Inc. operated as a service company for
the oil and natural gas industry in Southwestern Pennsylvania and
the Appalachian region of West Virginia.  It was founded in 1988 by
William Gregg, Paul Ruddy, Michael Melnick and John Pisarcik, the
principal owners of its sole shareholder, Interstate Gas Marketing,
Inc.

The Debtor filed a Chapter 11 petition (Bankr. W.D. Pa. Case No.
17-70032) on Jan. 16, 2017.  The petition was signed by Paul G.
Ruddy, secretary.  In its petition, the Debtor estimated $1 million
to $10 million in both assets and liabilities.  

The Hon. Jeffery A. Deller presides over the case.  Michael J.
Henny, Esq., at the Law Office of Michael J. Henny, serves as
bankruptcy counsel.

On May 30, 2017, the Debtor filed a Chapter 11 plan of
reorganization and disclosure statement.


NORTHEAST ENERGY: Total Amt. of Unsecured Claims Increase to $1.7MM
-------------------------------------------------------------------
Northeast Energy Management, Inc., filed with the U.S. Bankruptcy
Court for the Western District of Pennsylvania a disclosure
statement dated July 12, 2017, in support of the Debtor's plan of
reorganization dated May 30, 2017 (as modified July 12, 2017).

Class 18 General Unsecured Class consists of its general, unsecured
trade creditors which total $1,700,563.  This debt will be paid in
full from the proceeds of the sale of the business assets.  This
class will receive a distribution of approximately 100% of their
allowed claims.  This class is impaired by the Plan.

The source of funding for the Debtor's Plan is the auction sale by
The PPL Group which was approved by the Court on June 2, 2017, and
should take place sometime between Aug. 1, 2017, and Sept. 30,
2017.
The Effective Date of the Plan is 10 days after the date of
Confirmation.

A copy of the Disclosure Statement is available at:

           http://bankrupt.com/misc/pawb17-70032-222.pdf

As reported by the Troubled Company Reporter on June 14, 2017, the
Debtor on May 30 filed its restructuring plan, which proposed to
pay creditors holding Class 18 general unsecured claims in full
from the proceeds generated from the sale of its assets.  These
creditors assert $1,696,090 in total claims.  Class 18, according
to that Plan, would not be impaired by the plan.

               About Northeast Energy Management

Northeast Energy Management, Inc., operated as a service company
for the oil and natural gas industry in Southwestern Pennsylvania
and the Appalachian region of West Virginia.  It was founded in
1988 by William Gregg, Paul Ruddy, Michael Melnick and John
Pisarcik, the principal owners of its sole shareholder, Interstate
Gas Marketing, Inc.

The Debtor filed a Chapter 11 petition (Bankr. W.D. Pa. Case No.
17-70032) on Jan. 16, 2017.  The petition was signed by Paul G.
Ruddy, secretary.  In its petition, the Debtor estimated $1 million
to $10 million in both assets and liabilities.  

The Hon. Jeffery A. Deller presides over the case.  Michael J.
Henny, Esq., at the Law Office of Michael J. Henny, serves as
bankruptcy counsel.

On May 30, 2017, the Debtor filed a Chapter 11 plan of
reorganization and disclosure statement.


NORTHERN POWER: Shareholders Elected 9 Directors
------------------------------------------------
Northern Power Systems Corp. held its annual general meeting of
shareholders on May 25, 2017, at which the shareholders elected
Ciel R. Caldwell, Alexander "Hap" Ellis III, Richard Hokin, Kevin
Kopczynski, William F. Leimkuhler, Robert L. Lentz, Troy C. Patton,
John Simon, Ph.D. and Gregory Wolf as directors to serve for
one-year terms expiring at the annual general meeting of
shareholders to be held in 2018, or until their successors have
been duly elected and qualified.  The ratification of the
appointment of RSM US LLP as the independent registered public
accounting firm of the Company for the fiscal year ending Dec. 31,
2017, was approved.

As of the close of business on April 18, 2017, the record date for
the Annual Meeting, there were a total of 23,613,884 common shares
outstanding and entitled to vote at the Annual Meeting.  The
holders of 1,180,694 common shares were required to be present in
person or represented by proxy at the Annual Meeting to have a
quorum.  At the Annual Meeting, 17,431,714 common shares were
represented in person or by proxy, therefore a quorum was present.


                   About Northern Power Systems

Northern Power Systems -- http://www.northernpower.com/-- designs,
manufactures, and sells wind turbines and power technology
products, and provides engineering development services and
technology licenses for energy applications, into the global
marketplace from its U.S. headquarters and European offices.

As of March 31, 2017, Northern Power had $22.38 million in total
assets, $26.09 million in total liabilities and a total
shareholders' deficiency of $3.71 million.  

Northern Power reported a net loss of $8.94 million for the year
ended Dec. 31, 2016, following a net loss of $7.79 million for the
year ended Dec. 31, 2015.


NORTHWEST PEDIATRIC: Latest Plan to Pay Alexian $10,375 per Quarter
-------------------------------------------------------------------
Northwest Pediatric Services S.C., dba Kid Care Medical S.C., filed
with the U.S. Bankruptcy Court for the Northern District of
Illinois a second amended disclosure statement referring to their
plan of reorganization.

The new plan changes the treatment of the allowed secured claim of
Alexian Brothers Medical Center. The allowed claim is now in the
approximate amount of $36,000. Alexian Brothers will now be repaid
quarterly payments of $10,375.36 (which may be less after final
calculations), beginning with the first quarter which occurs 60
days after the Effective Date. Any post-petition arrearages will be
added to the quarterly payment in the last two months of repayment
to Alexian Brothers. The Debtor believes the amount of the
arrearage is minimal. The Class 2 Claim of Alexian Brothers is
impaired.

Alexian Brothers is also owed a separate debt by Dr. O, the
Debtor's current officer, which will be repaid as follows:
Beginning July 15, 2017 for 12 months $1,000 per month; beginning
July 15, 2018 for 48 months - $7,500 per month; and beginning July
15, 2022 for 48 months - $11,049.47 per month.

The Troubled Company Reported previously reported that the Class 2
Allowed Secured Claim of Alexian Brothers Medical Center in the
approximate amount of $100,000 will be repaid quarterly payments of
$9,780.18, starting with the first quarter of 2017. Any
post-petition arrearages will be added to the quarterly payment in
the last two months of repayment to Alexian Brothers. The Debtor
believes the amount of the arrearage is minimal. The Class 2 Claim
of Alexian Brothers is impaired.

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

            http://bankrupt.com/misc/ilnb16-09373-132.pdf

              About Northwest Pediatric Services  

Headquartered in Elgin, Illinois, Northwest Pediatric Services
S.C.
dba Kid Care Medical S.C. filed for Chapter 11 bankruptcy
protection (Bankr. N.D. Ill. Case No. 16-09373) on March 18, 2016,
estimating its assets at between $100,000 and $500,000 and its
liabilities at between $1 million and $10 million.  The petition
was signed by Orawan Sukavachana, M.D., president.  Judge
Jacqueline P. Cox presides over the case.  Scott R Clar, Esq., at
Crane, Heyman, Simon, Welch & Clar serves as the Debtor's
bankruptcy counsel.

The Debtor filed for Chapter 11 bankruptcy protection (Bankr. N.D.
Ill. Case No. 12-07777) on Feb. 29, 2012.  On May 22, 2013, the
Debtor confirmed its Third Plan of Reorganization.  IRS and IDR
were secured and priority unsecured creditors in the previous
Chapter 11 case.  Under the terms of the Plan, IRS and IDR were to
be given 20 payments over a five-year period.  Each payment to the
IRS was to be approximately $138,000.


NOVA TERRA: Wants Exclusive Plan Filing Deadline Moved to Jan. 12
-----------------------------------------------------------------
Nova Terra, Inc., asks the U.S. Bankruptcy Court for the District
of Puerto Rico to extend the exclusivity periods during which only
the Debtor may file and solicit votes to accept a Chapter 11 plan
from July 20, 2017, and Sept. 18, 2017, respectively, through and
including Jan. 12, 2018, respectively.

The Exclusive Periods is set to expire on July 20 and Sept. 18,
2017, respectively, to allow the confirmation process to continue
unhindered by competing plans.

Without an extension, the Exclusive Periods will expire in the
midst of the Debtor's plan confirmation process, presenting a risk
of undue interference and disruption to the confirmation process.
After the Commencement Date, the Debtor has reached an agreement
with Banco Popular De Puerto Rico concerning the moneys garnished
and withheld by BPPR, which has facilitated Debtor's move and
vacancy from PRIDCO'S properties to new facilities, which was
concluded on late June 2017.  Furthermore, the Debtor has been
complying with its financial obligations and fiscal duties since
the commencement of the case.

Extending the Exclusive Periods will permit the Debtor to confirm
the Plan that has been developed with the input and cooperation of
the Debtor's major constituencies without unwarranted interference
from any dissident party attempting to derail the restructuring
process.

                      About Nova Terra Inc.

Based in Arecibo, Puerto Rico, Nova Terra, Inc., sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. D.P.R. Case No.
17-01968) on March 23, 2017.  The case is assigned to Judge Edward
A. Godoy.  Ruben Gonzalez Marrero, Esq., at Ruben Gonzalez Marrero
& Associates serves as the Debtor's legal counsel.


NUVERRA ENVIRONMENTAL: Fried & Pachulski Represent Ascribe & Gates
------------------------------------------------------------------
Fried, Frank, Harris, Shriver & Jacobson LLP and Pachulski Stang
Ziehl & Jones LLP filed with the U.S. Bankruptcy Court for the
District of Delaware a joint verified statement pursuant to Rule
2019 of the Federal Rules of Bankruptcy Procedure with respect to
their representation of Ascribe Capital LLC and Gates Capital
Management, Inc., in connection with their respective claims
against Nuverra Environmental Solutions, Inc., and its affiliates
arising under (i) the 12.5%/10% senior secured second lien notes
due April 15, 2021, issued by Nuverra Environmental Solutions,
Inc.; (ii) that certain first lien term loan credit agreement,
dated April 16, 2016, by and among Nuverra, Wilmington Savings Fund
Society, FSB, as administrative agent, and the Term Loan Lenders;
and (iii) that court-approved DIP Term Loan Facility dated April
30, 2017.

In December 2015, the Supporting Noteholders engaged Fried Frank to
represent them with respect to their holdings of 9.875% unsecured
senior notes due 2018 issued by Nuverra.  As part of the
Out-of-Court Restructuring completed by Nuverra in March 2016, the
Supporting Noteholders exchanged all of their 2018 Notes for newly
issued 2021 Notes and made loans to Nuverra under the Term Loan
Facility.  Fried Frank has continued to represent the Supporting
Noteholders in connection with the Debtors' restructuring efforts
being implemented through the Chapter 11 cases.  Following
subsequent discussions regarding the Chapter 11 cases, Ascribe and
Gates made additional loans to the Debtors under the DIP Term Loan
Facility and Ascribe made additional loans to the Debtors under the
DIP Revolving Facility.

As of the filing of this Statement, the Supporting Noteholders are
signatories to that certain Restructuring Support Agreement, dated
as of April 9, 2017, by and among the Debtors and the Supporting
Noteholders.

Fried Frank and Pachulski Stang do not represent or purport to
represent any other persons or entities in connection with the
Chapter 11 cases.

The Supporting Noteholders include:

     (1) Ascribe Capital LLC
         299 Park Avenue, 34th Floor
         New York, NY 10171

         Nature & Amount of Disclosable Economic Interset ($USD):

         DIP Revolving Facility Claims: $2,955,362.45

         DIP Term Loan Facility Claims: $3,884,250

         Term Loan Facility Claims:
         $42,867,983.59

         2021 Note Claims:
         $157,455,564
  
     (2) Gates Capital Management, Inc.
         1177 Avenue Of The Americas,
         46th Floor, New York, NY 10036

         Nature & Amount of Disclosable Economic Interset ($USD):

         DIP Term Loan Facility Claims: $3,615,750

         Term Loan Facility Claims: $39,904,721

         2021 Note Claims: $150,630,540

Upon information and belief, Fried Frank and Pachulski Stang do not
hold any claims against, or interests in, the Debtors or their
estates, other than claims for fees incurred and costs expended in
representing the Supporting Noteholders after commencement of the
Chapter 11 cases.

Fried Frank and Pachulski Stang can be reached at:

     Laura Davis Jones, Esq.
     Peter J. Keane, Esq.
     PACHULSKI STANG ZIEHL & JONES LLP
     919 North Market Street
     17th Floor
     Wilmington, DE 19801
     Tel: (302) 652-4100
     Fax: (302) 652-4400
     E-mail: ljones@pszjlaw.com
             pkeane@pszjlaw.com

          -- and --

     Brad Eric Scheler, Esq.
     Jennifer Rodburg, Esq.
     Carl Stapen, Esq.
     FRIED, FRANK, HARRIS, SHRIVER & JACOBSON LLP
     One New York Plaza
     New York, New York 10004
     Tel: (212) 859-8000
     Fax: (212) 859-4000
     E-mail: brad.eric.scheler@friedfrank.com
             jennifer.rodburg@friedfrank.com
             carl.stapen@friedfrank.com

                  About Nuverra Environmental

Nuverra Environmental Solutions, Inc. (OTCQB: NESC) provides
environmental solutions to customers focused on the development
and ongoing production of oil and natural gas from shale
formations.  The Scottsdale, Arizona-based Company operates in
shale basins where customer exploration and production activities
are predominantly focused on shale and natural gas.

Nuverra Environmental Solutions and its affiliates sought Chapter
11 protection (Bankr. D. Del. Lead Case No. 17-10949) on May 1,
2017.  The Hon. Kevin J. Carey presides over the cases.

As of March 31, 2017, Nuverra had $329.8 million in total assets
and $534.5 million in total liabilities.

Shearman & Sterling LLP serves as bankruptcy counsel to the
Debtors, with the engagement led by Fredric Sosnick, Esq., Sara
Coelho, Esq., and Stephen M. Blank, Esq.  Young Conaway Stargatt &
Taylor, LLP and Shearman & Sterling LLP is the Debtors'
co-counsel.  AP Services, LLC, is the Debtors' restructuring
advisor.  Lazard Freres & Co. LLC and Lazard Middle Market LLC is
the investment banker.  Prime Clerk LLC is the claims and noticing
agent.

On May 19, 2017, the U.S. Trustee appointed an official committee
of unsecured creditors.  Kilpatrick Townsend & Stockton LLP is
counsel, Landis Rath & Cobb LLP is Delaware counsel, and Batuta
Capital Advisors LLC is financial advisor to the Committee.


PACIFIC DRILLING: Unit's Consent Solicitation Expires Aug. 2
------------------------------------------------------------
Pacific Drilling V Limited, a wholly owned subsidiary of Pacific
Drilling S.A. announced the results, as of 5:00 p.m. Eastern
Daylight Time on July 19 of its private consent solicitation in
respect of its 7.25% Senior Secured Notes due Dec. 1, 2017,
pursuant to which the Issuer is soliciting the consent of the
holders of Notes to an extension of the maturity date of the Notes
to June 1, 2018, in order to give the Company more time to
negotiate a refinancing transaction or undertake a holistic
restructuring with all of its creditors.

At the Early Consent Deadline, the Issuer has received consents of
holders of the Notes comprising less than 66 2/3% of the aggregate
principal amount of the Notes (disregarding Notes held by the
Company or its affiliates).  

Proceeding with the maturity extension by way of an out-of-court
amendment of the Indenture is conditioned on receipt by the Issuer
of valid consents from Noteholders holding at least 95% of the
outstanding principal amount of the Notes (disregarding Notes held
by the Issuer or its affiliates).  The Minimum Threshold Condition
was not satisfied at the Early Consent Deadline.

As set out in the confidential consent solicitation statement dated
July 5, 2017, the Issuer reserves the right to lower the Minimum
Threshold Condition in its sole discretion to not less than 66 2/3%
of the outstanding principal amount of the Notes (disregarding the
Notes held by the Issuer or its affiliates).  The Issuer also
reserves the right (at any time and in its sole discretion) to
terminate the Solicitation and implement the maturity extension by
applying to the Eastern Caribbean Supreme Court in the Territory of
the Virgin Islands to implement the maturity extension pursuant to
a scheme of arrangement under Part IX of the BVI Business Companies
Act 2004 in the event that it believes that it is reasonably likely
to obtain the consents of the Noteholders required to effect the
Scheme of Arrangement.

The Solicitation is ongoing and will expire at 5:00 p.m. (New York
City time) on Aug. 2, 2017.

The Issuer will instruct DTC and Global Bondholder Services
Corporation, the Tabulation Agent and Information Agent for the
Solicitation, to permit consenting holders of the Notes to withdraw
their consent at any time at or prior to the Expiration Date.  For
a withdrawal of consent to be effective, written or facsimile
withdrawal transmission must be timely received by GBSC at its
address set forth in the Solicitation Statement or by delivery of a
properly transmitted "Request Message" though ATOP.  Any such
notice of withdrawal must:

    * specify the name of the consenting holder and, if different,

      the name of the registered holder of the Notes (i.e. the DTC

      participant whose name appears in the security position
      listing as the owner of such Notes) in respect of which a
      consent has been delivered;

    * include a statement of the election to withdraw;

    * refer to the original consent instruction;

    * specify the nominal amount of Notes for which such consent
      instruction is requested to be withdrawn;

    * be signed by the holder of those Notes (or, if applicable,
      the DTC participant listed in the applicable Agent's
      Message) in the same manner as the original signature, or be
      accompanied by evidence satisfactory to the Issuer that the
      person withdrawing consent has succeeded to the beneficial
      ownership of such Notes or has been authorized by such
      beneficial owner to effect such withdrawal on its behalf;
      and

   * provide any additional information required by GBSC or DTC.

                      About Pacific Drilling

Based in Luxembourg, Pacific Drilling S.A. (NYSE:PACD) is an
international offshore drilling contractor.  The Company's
primary business is to contract its high-specification rigs,
related equipment and work crews, primarily on a day rate basis,
to drill wells for its clients.  The Company's contract
drillships operate in the deepwater regions of the United States,
Gulf of Mexico and Nigeria.

Pacific Drilling reported a net loss of $37.15 million on $769.5
million of revenues for the year ended Dec. 31, 2016, as compared
with net income of $126.2 million on $1.08 billion of revenues
for the year ended Dec. 31, 2015.  As of March 31, 2017, Pacific
Drilling had $5.75 billion in total assets, $3.18 billion in total
liabilities and $2.57 billion in total shareholders' equity.

The Company's independent auditors KPMG LLP, in Houston, Texas,
expressed substantial doubt about the Company's ability to
continue as a going concern in their report on the consolidated
financial statements for the year ended Dec. 31, 2016.  KPMG
noted that the Company expects to be in violation of certain of
its financial covenants in the next 12 months.

                          *     *     *

In October 2016, Moody's Investors Service downgraded Pacific
Drilling's Corporate Family Rating to 'Caa3' from 'Caa2' and
Probability of Default Rating (PDR) to 'Caa3-PD' from 'Caa2-PD'.
"PacDrilling's ratings downgrade reflects our extremely negative
view of the offshore drilling sector with no near term signs of
improvement.  Depressed prices for the offshore drillships offers
weak asset coverage for PacDrilling's overall debt.  With no
material signs of improving contract coverage or utilization for
PacDrilling's drillships, cashflow through 2017 will be severely
impacted resulting in an unsustainable capital structure," said
Sreedhar Kona, Moody's senior analyst.

In February 2017, S&P Global Ratings affirmed its ratings on
Pacific Drilling S.A., including its 'CCC-' corporate credit
rating.  S&P subsequently withdrew all ratings on the company at
its request.


PALATIAL INVESTMENT: Plan Confirmation Hearing Set for Sept. 19
---------------------------------------------------------------
Judge Eddward P. Ballinger Jr. of the U.S. Bankruptcy Court for the
District of Arizona approved Palatial Investment Corp.'s disclosure
statement referring to a plan of reorganization filed on May 17,
2017.

The hearing to consider the confirmation of the Plan of
Reorganization shall be held at the U.S Bankruptcy Court, 230 North
First Avenue, 7th Floor, Courtroom 703, Phoenix, Arizona on Sept.
19, 2017, at 10:00 a.m.

The last day for filing with the Court written acceptances or
rejections of the plan is Sept. 12, 2017.

The last day for filing and serving written objections to
confirmation of the plan is fixed at Sept. 12, 2017.

As previously reported by the Troubled Company Reporter, under the
plan, Class 2 Unsecured Claims -- totaling $22,956.13 -- will be
paid from the liquidation of estate assets.

The funds necessary for the satisfaction of approved and allowed
claims will be derived from the Debtor's liquidation of estate
assets, including the recovery of damages in any pending or
contemplated civil litigation.

The Disclosure Statement is available at:

          http://bankrupt.com/misc/azb15-08730-201.pdf

                About Palatial Investment Corp.

Palatial Investment Corp., filed a Chapter 11 bankruptcy petition
(Bankr. D. Ariz. Case No. 15-08730) on July 14, 2015, disclosing
under $1 million in both assets and liabilities.  The petition was
filed pro se.  The Debtor hires Weinberger Law as special counsel.


PANADERIA ZULMA: Plan Confirmation Hearing on Aug. 15
-----------------------------------------------------
The Hon. Enrique S. Lamoutte Inclan of the U.S. Bankruptcy Court
for the District of Puerto Rico has conditionally approved
Panaderia Zulma Inc.'s disclosure statement dated July 6, 2017,
with respect to the Debtor's Chapter 11 plan.

A hearing to consider the final approval of the Disclosure
Statement will be held on Aug. 15, 2017, at 10:00 a.m.

Objections to the approval of the Disclosure Statement and plan
confirmation must be file on or before three days before the
Hearing.

The last day for filing written acceptances or rejections of the
Plan is three days before the Hearing.

                     About Panaderia Zulma

Panaderia Zulma Inc., filed a Chapter 11 bankruptcy petition
(Bankr. D.P.R. Case No. 16-07217) on Sept. 11, 2016, disclosing
under $1 million in both assets and liabilities.  The Debtor is
represented by Myrna L. Ruiz-Olmo, Esq., of MRO Attorneys.  Hector
A. Morales of Morales Munoz & Asociados CPA, PSC, has been tapped
as accountant.


PANADERIA ZULMA: Plan Outline Okayed, Plan Hearing on Aug. 15
-------------------------------------------------------------
The U.S. Bankruptcy Court in Puerto Rico is set to hold a hearing
on August 15, at 10:00 a.m., to consider approval of the Chapter 11
plans of reorganization for Panaderia Zulma, Inc.

The court will also consider at the hearing the final approval of
the company's disclosure statement, which it conditionally approved
on July 12.

Panaderia Zulma proposes two plans to exit Chapter 11 protection.


The first plan will be funded from the sale of the company's
assets.  Panaderia Zulma has already received an offer for the
expeditious sale of its business operations to a non-related
entity.  The sale price is estimated at $350,000 to cover all
secured and priority claims.

Meanwhile, payments under the alternate plan will be funded from
cash flow from operations of the company's business.

Both plans classified unsecured claims in Class 4 and proposed to
pay unsecured creditors a pro-rata distribution.  Class 4 is
impaired, according to the company's disclosure statement filed on
July 6.

A copy of the disclosure statement is available for free at
https://is.gd/NywJCI

                   About Panaderia Zulma Inc.

Panaderia Zulma, Inc. operates a bakery.  Joe Matos is the
president and secretary and holds 50% of the shares and ownership
of the Debtor.  Zulma Vazquez holds 50% of the shares and
ownership.

The Debtor filed a Chapter 11 petition (Bankr. D.P.R. Case No.
16-07217) on September 11, 2016, disclosing less than $1 million in
both assets and liabilities.

Judge Enrique S. Lamoutte Inclan presides over the case.  Myrna L.
Ruiz-Olmo, Esq., at MRO Attorneys at Law LLC, represents the Debtor
as bankruptcy counsel.  The Debtor hired Hector A. Morales of
Morales Munoz & Asociados CPA, PSC as accountant.


PERFUMANIA HOLDINGS: David Konckier Has 5.7% Stake as of Dec. 31
----------------------------------------------------------------
Jaques Bogart SA, S.B.N. and David Konckier disclosed in an amended
Schedule 13G filed with the Securities and Exchange Commission that
as of Dec. 31, 2016, they beneficially own
882,297 shares of common stock of Perfumania Holdings, Inc.
representing 5.7 percent based on 15,493,763 shares of Common Stock
outstanding as of June 16, 2017, as reported in the Issuer's
Quarterly Report on Form 10-Q, 2017.

Jacques Bogart SA is the record holder of the shares of Common
Stock reported.  S.B.N. is the majority shareholder of Jacques
Bogart S.A., and David Konckier is the sole manager of S.B.N.  As
such, each of Mr. Konckier and S.B.N. may be deemed to share
beneficial ownership of the share of Common Stock held of record by
Jacques Bogart SA.

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

                     https://is.gd/ktw69w

                   About Perfumania Holdings

Perfumania Holdings, Inc. (NASDAQ: PERF) --
http://www.perfumaniaholdings.com/or perf@jcir.com -- is a
specialty retailer and distributor of fragrances and related beauty
products across the United States.  Perfumania has a 30-year
history of innovative marketing and sales management, brand
development, license sourcing and wholesale distribution making it
the premier destination for fragrances and other beauty supplies.

Perfumania reported a net loss of $23.63 million for the fiscal
year ended Jan. 28, 2017, and a net loss of $11.67 million
for the fiscal year ended Jan. 30, 2016.  As of April 29, 2017,
Perfumania had $304.73 million in total assets, $253.93 million in
total liabilities and $50.80 million in total shareholders'
equity.

As reported by the TCR on June 26, 2017, Perfumania announced that
a special independent committee of the Board of Directors of the
Company is considering various alternatives to address the
Company's financial condition and capital structure, and had
contacted members of the Nussdorf family (Stephen L. Nussdorf,
Glenn H. Nussdorf, Arlene Nussdorf, Lillian Ruth Nussdorf) to begin
discussions over possible alternatives that could result in value
to all stockholders of the Company.


PETSMART INC: Bank Debt Trades at 6% Off
----------------------------------------
Participations in a syndicated loan under Petsmart Inc. is a
borrower traded in the secondary market at 94.20
cents-on-the-dollar during the week ended Friday, July 7, 2017,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents an increase of 1.95 percentage points from the
previous week.  Petsmart Inc pays 300 basis points above LIBOR to
borrow under the $4.246 billion facility. The bank loan matures on
March 10, 2022 and carries Moody's Ba3 rating and Standard & Poor's
B+ rating.  The loan is one of the biggest gainers and losers among
247 widely quoted syndicated loans with five or more bids in
secondary trading for the week ended July 7.


PME MORTGAGE: Taps Zolkin Talerico as Restructuring Counsel
-----------------------------------------------------------
PME Mortgage Fund, Inc., seeks authority from the US Bankruptcy
Court from the Central District of California, Riverside Division,
to employ Zolkin Talerico LLP as its general restructuring counsel.


Professional services that the Firm will render are:

     1. advise the Debtor with respect to the requirements and
provisions of the Bankruptcy Code, Federal Rules of Bankruptcy
Procedure, Local Bankruptcy Rules, U.S. Trustee Guidelines and
other applicable requirements which may affect the Debtor;

     2. advise and assist the Debtor in preparing and filing of
schedules and statements of financial affairs, compliance with and
fulfillment of U.S. Trustee requirements, and the preparation of
other documents as may be required after the initial filing of a
chapter 11 case;

      3. advise and assist the Debtor in the preparation of a
disclosure statement, the formulation of a chapter 11 plan of
reorganization or liquidation and the confirmation and consummation
of such plan;

     4. attend meetings and negotiate with creditors and other
parties-in-interest;

     5. take necessary actions to protect and preserve the estate,
including, without limitation, the prosecution of actions on behalf
of the Debtor's bankruptcy estates, the defense of any action
commenced against the Debtor or the Estate, negotiating on behalf
of the Debtor with respect to all litigation in which the Debtor is
involved, objecting to claims that are filed against the Estate,
and otherwise representing the Debtor in any proceeding or hearing
in the Bankruptcy Court in connection with the any action where the
rights of the Estate or the Debtor may be litigated or affected;
and

     6. perform such other and further services as typically may be
rendered by counsel for a debtor in a chapter 11 case.

The Firm has received a $75,000 retainer from the Debtor for legal
services to be rendered in connection with this case.  Prior to the
Petition Date, the Firm incurred fees and expenses in the amount of
$39,196.5, which were billed against the Retainer, leaving
$35,803.50 in the Retainer as of the Petition Date.  

Most of the work in this representation will be performed by David
Zolkin and Derrick Talerico, whose rates are $595 and $495,
respectively, and by Martha Araki, a paralegal whose hourly rate is
$225.00.

Derrick Talerico, a partner in the law firm of Zolkin Talerico LLP,
attests that the Firm and all of the attorneys comprising or
employed by it are disinterested persons who do not hold or
represent any interest adverse to the Estate and do not have any
material connection with the Debtor, its creditors, the Office of
the United States Trustee, or any other party in interest in this
case or with the Debtor’s respective attorneys or accountants.

The Firm can be reached through:

     Derrick Talerico
     Zolkin Talerico LLP
     12121 Wilshire Blvd., Suite 1120
     Los Angeles, CA 90025
     Tel: (424) 500-8552
     Fax: (424) 500-8951

                  About PME Mortgage Fund Inc.

PME Mortgage Fund Inc. is a privately held company in Big Bear
Lake, California.  It is an affiliate of hard-money lender Pacific
Mortgage Exchange, Inc., which has provided hard money loan
programs for over 30 years.  

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. C.D. Calif. Case No. 17-15082) on June 19, 2017.  The
petition was signed by Nicholas Rubin, chief restructuring
officer.

At the time of the filing, the Debtor disclosed that it had
estimated assets and liabilities of $10 million to $50 million.


PRECISION DRILLING: Moody's Alters Outlook to Stable & Affirms CFR
------------------------------------------------------------------
Moody's Investors Service affirmed Precision Drilling Corporation's
B2 Corporate Family Rating (CFR), B2-PD Probability of Default
Rating, B3 senior unsecured notes rating and SGL-2 Speculative
Grade Liquidity Rating. Moody's also changed Precision's outlook to
stable from negative.

"Precision's change in outlook reflects improved credit metrics in
2017 driven by increasing drilling activity," said Paresh Chari,
Moody's AVP-Analyst. "EBITDA in 2017 and 2018 will remain steady
due to better pricing and utilization that offsets high margin
contracts that are rolling off."

Outlook Actions:

Issuer: Precision Drilling Corporation

-- Outlook, Changed To Stable From Negative

Affirmations:

Issuer: Precision Drilling Corporation

-- Probability of Default Rating, Affirmed B2-PD

-- Speculative Grade Liquidity Rating, Affirmed SGL-2

-- Corporate Family Rating, Affirmed B2

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

RATINGS RATIONALE

Precision's B2 CFR reflects expected high debt to EBITDA in 2017
and 2018 (around 6x) and weak EBITDA to interest (around 2.5x) due
to its significant exposure to the weak North American land
drilling market. While drilling activity is increasing, this is
mitigated by an increasing proportion of rigs exposed to weak spot
day rates leading to higher uncertainty for earnings in 2018. In
2017, Moody's expects Precision will have about 20% of its Tier 1
fleet under contract, which will help to slightly mute the impact
of low spot day rates, as will its exposure to international land
drilling markets. That proportion will decrease below 10% in 2018
offering less visibility and stability in cash flow. The rating
also recognizes Precision's solid market position in Canada, high
quality rig fleet and broad geographic footprint in the major North
American land drilling markets.

Precision has good liquidity (SGL-2). As of March 31, 2017,
Precision had roughly C$120 million of cash and an undrawn US$525
million secured revolving credit facility (but for US$41 million in
letters of credit outstanding), due June 2019. Moody's expects
positive free cash flow of about C$50 million through mid-2018 and
there are no upcoming debt maturities until November 2020. Moody's
expect Precision will be in compliance with its two financial
covenants. Alternate liquidity is limited given that substantially
all of the company's assets are pledged under the revolver and
there is limited market interest in land drilling rigs currently.

In accordance with Moody's Loss Given Default (LGD) Methodology,
the senior unsecured notes are rated B3, one notch below the CFR,
reflecting the priority ranking of the US$525 million revolving
credit facility in the capital structure.

The stable outlook reflects Moody's expectation that EBITDA will
stabilize, supporting leverage of about 6x and EBITDA to interest
above 2.5x in 2017 and 2018.

The ratings could be upgraded if debt to EBITDA is likely to remain
below 5x and EBITDA to interest is likely to remain above 3x.

The ratings could be downgraded if debt to EBITDA is likely to
remain above 7x, EBITDA to interest is likely to remain below 2x
and liquidity deteriorates.

Precision is a Calgary, Alberta-based corporation engaged in
onshore drilling and providing well completion and production
services to upstream oil and gas companies in North America.

The principal methodology used in these ratings was Global Oilfield
Services Industry Rating Methodology published in May 2017.


PREMIER MARINE: Committee Taps Fafinski Mark as Bankruptcy Counsel
------------------------------------------------------------------
The Official Committee of Unsecured Creditors of Premier Marine,
Inc. seeks authority from the US Bankruptcy Court for the District
of Minnesota to retain the law firm of Fafinski, Mark & Johnson,
P.A. as its bankruptcy counsel in all matters pertaining to the
Chapter 11 bankruptcy case.

Services to be rendered by Fafinski, Mark & Johnson are:

     a. consult with the debtor-in-possession and the Office of the
United States Trustee regarding administration of the bankruptcy
case;
     
     b. advise the Committee with respect to its rights, power and
duties as they relate to the case;

     c. investigate the acts, conduct, assets, liabilities and
financial condition of the Debtor;

     d. assist the Committee in analyzing the Debtor's pre-petition
and post-petition relationships with its creditors, equity interest
holders, employees, and other parties in interest;

     e. assist and negotiate on the Committee's behalf in matters
relating to the claims of the Debtor's other creditors;

      f. request the appointment of a trustee or examiner in
instances where the Committee deems such action appropriate;

     g. advise the Committee in connection with any proposed sale
of the assets of the Debtor;

     h. assist the Committee in preparing pleadings and
applications as may be necessary to further the Committee's
interests and objectives;

     i. research, analyze, investigate, file and prosecute
litigation on behalf of the Committee in connection with issues,
including but not limited to avoidance actions, fraudulent
conveyances, and lender liability;

      j. represent the Committee at hearings and other proceedings;


     k. review and analyze applications, orders, statements of
operations and schedules filed with the Court and advising the
Committee regarding all such materials;

     l. aid and enhance the Committee's participation in
formulating a plan;

     m. assist the Committee in advising unsecured creditors of the
Committee's decisions, including the collection and filing of
acceptances and rejections to any proposed plan; and

     n. perform such other legal services as may be required and
are deemed to be in the interests of the Committee.

Fafinski Mark's hourly rates for this matter are:

    Senior Partners:  $410/hour
    Junior Partners:  $340/hour
    Associates:       $225 to $310/hour
    Paralegals:       $165/hour

Lorie A. Klein attests that to the best of her knowledge,
information and belief, Fafinski Mark is a disinterested person as
defined in 11 U.S.C. Sec. 101(14).

The Counsel can be reached through:

     Lorie A Klein, Esq.
     David E. Runck, Esq.
     FAFINSKI, MARK & JOHNSON, P.A.
     Flagship Corporate Center
     775 Prairie Center Drive, Suite 400
     Eden Prairie, MN 55344
     Tel: (952) 995-9500
     Fax: (952) 995-9577
     Email: David.Runck@fmjlaw.com
            Lorie.Klein@fmjlaw.com

                   About Premier Marine, Inc.

Premier Marine, Inc., filed a Chapter 11 petition (Bankr. D. Minn.
Case No. 17-32006) on June 19, 2017.  Premier Marine is a family
owned business formed in 1992 by Robert Menne and Eugene Hallberg.
The Menne family controls 72.8% of the company equity.  Hallberg
controls the remaining 27.2% and is Premier's landlord.

For 25 years, Premier Marine has manufactured "Premier" brand
pontoon boats -- http://www.pontoons.com/-- in Wyoming, Minnesota.
Premier Marine designs, builds and markets luxury pontoons and
holds many patents on manufacturing elements such as furniture
hinges, J-Clip rail fasteners and the PTX performance package.  The
family-owned and operated Company sells its pontoons through boat
dealers located throughout the United States and Canada.  Premier
is headquartered in Wyoming, Minn.

The need for reorganization in chapter 11 was precipitated by a
failed acquisition of another pontoon manufacturer in 2011.  The
Chapter 11 was filed in response to an eviction action commenced by
Hallberg for the nonpayment of rent.  The Chapter 11 is necessary
to attract a new equity partner, reject the Hallberg leases,
consolidate manufacturing under a single roof and reorganize the
business for the mutual benefit of the Debtor creditors, employees
and dealer network.

The bankruptcy petition was signed by Lori J. Melbostad,
president.

The Debtor estimated assets and liabilities between $10 million and
$50 million.

The case is assigned to Judge Katherine A. Constantine.

The Debtor's counsel are Michael F. McGrath, Esq., and Will R.
Tansey, Esq., at Ravich Meyer Kirkman McGrath Nauman & Tansey, A
Professional Association.  Guidesource's Richard Gallagher is the
Debtor's financial consultant.


PRESCOTT VALLEY: Disclosures OK'd; Sept. 6 Plan Approval Hearing
----------------------------------------------------------------
Judge Madeleine C. Wanslee of the U.S. Bankruptcy Court for the
District of Arizona issued an order approving Prescott Valley
Events Center, LLC and affiliates’ first amended disclosure
statement in support of their first amended chapter 11 plan of
reorganization.

The Confirmation Hearing will be held on Sept. 6, 2017, at 1:30
p.m. MST.

The Amended Plan may be modified, if necessary, prior to, during,
or as a result of the Confirmation Hearing in accordance with the
terms of the Amended Plan, without further notice to interested
parties.

The deadline for objecting to the Plan shall be 5:00 p.m. MST 14
days prior to the Confirmation Hearing (August 23, 2017). Any such
objection must be in filed in writing.

The report of Ballots shall be filed on or before three days prior
to the Confirmation Hearing (Sept. 1, 2017).

              About Prescott Valley Events Center

Prescott Valley Events Center, LLC, was formed in 2005 to
construct
and operate a multi-purpose sports and entertainment arena known
as
the Prescott Valley Events Center in Prescott Valley, Arizona.
The
Center opened in 2006 and plays host to concerts, community
events,
trades shows, and sporting events, including several high school
championships.  Until 2014, the Center served as the home of the
Arizona Sundogs (CHL) ice hockey team.  The Center's seating
capacity is 6,200 for concerts, 4,810 for hockey, and 5,100 for
basketball.

The original members of PVEC were Prescott Valley Signature
Entertainment, LLC, and Global Entertainment Corporation, which
each owned 50 percent of the membership interests in PVEC.

PVEC sought Chapter 11 protection in Prescott, Arizona (Bankr.
D.Ariz. Case No. 15-10356) on Aug. 14, 2015.  The case is assigned
to Judge Madeleine C. Wanslee.

The Debtor tapped Carolyn J. Johnsen, Esq., and William Novotny,
Esq., at Dickinson Wright PLLC, in Phoenix, as counsel.

The Debtor estimated $10 million to $50 million in assets and $50
million to $100 million in debt.


RED OAK: S&P Hikes 2029 $160MM Series B Bonds' Rating to 'BB-'
--------------------------------------------------------------
S&P Global Ratings raised its rating on Red Oak Power LLC's (Red
Oak or the project) $160 million senior secured series B bonds due
Nov. 30, 2029, to 'BB-' from 'B+'. The outlook is stable. The '1'
recovery rating is unchanged, reflecting our expectation for a very
high (90%-100%; rounded estimate: 95%) recovery in the event of a
payment default.

S&P said, "At the same time, we withdrew our rating on the $224
million senior secured series A bonds due Nov. 30, 2019 ($58.4
million outstanding as of Dec. 31, 2016)."

Red Oak is an 830-megawatt (MW) combined-cycle, natural gas-fired
power station in Sayreville, N.J. (the plant). It operates within
the PJM Interconnection power market. Until 2022, Red Oak will
service its debt with cash flow from a power purchase agreement
(PPA). From 2022 until the series B
bonds' debt maturity in 2029, Red Oak will service debt from the
cash flow it earns in PJM's merchant energy and capacity markets.
Cogentrix Energy Power Management LLC operates and maintains the
plant, which also has a term warranty agreement with Siemens AG
(A+/Stable/A-1+) to undertake plant outages and repairs.

The plant's sale to Morgan Stanley Infrastructure Partners L.P. was
approved by regulators and completed on June 30, 2017. We believe
the deal is beneficial to Red Oak's financial profile and that it
won't jeopardize any of the project's existing separateness
protections, based on these key elements of the transaction:

-- The sale resulted in the paydown of the remaining series A
bonds ($58.4 million outstanding as of Dec. 31, 2016), leaving only
the $160 million series B bonds outstanding, which will amortize
gradually through 2029.

-- DSCR should improve substantially in the next 12-18 months as a
result of the payoff.

-- According to the terms of the series B indenture, the project
may take on no additional debt, eliminating the risk of
releveraging during the life of the senior debt.

-- Red Oak Power is being acquired outright by Morgan Stanley,
with no modification to its structure. An independent director will
still be present, per the LLC agreement, and it will act as an
appropriate anti-filing mechanism. This alleviates potential
transaction structure issues. Morgan Stanley intends to make these
upfront investments so that the project becomes a more stable,
cash-flowing asset that produces regular yield. Due to Red Oak's
previous aggressive capital structure, Carlyle didn't receive an
equity distribution for a few years.

S&P said, "The stable outlook reflects our view that the project's
operational performance has been consistent, with strong demand for
power from the facility driving capacity factors in the mid-80%
area. Based on the project's revised capital structure after its
sale to Morgan Stanley, we expect that its DSCRs will be above
2.00x during the next 12-18 months, with weaker periods expected as
the remaining debt begins to amortize after 2020.

"We could raise the rating if the project demonstrates a record of
continued stable operational performance with DSCRs, including
subordinated expenses improving into the higher end of the
1.20x-1.00x range." A potential trigger for this improved financial
performance would be a reduced heat rate at the facility that leads
to greater compensation under the PPA.

Factors that could lead to a downgrade include lower-than-expected
operational performance due to either unscheduled material outages
or further degradation of heat rate performance such that
forecasted DSCRs fall into the lower end of the 1.20x-1.00x range.


RELIANCE INTERMEDIATE: Moody's  Hikes CFR to Ba1; Outlook Stable
----------------------------------------------------------------
Moody's Investors Service upgraded Reliance Intermediate Holdings
LP's (Reliance) corporate family rating (CFR) to Ba1 from Ba2,
probability of default rating to Ba1-PD from Ba2-PD, senior secured
notes rating to Ba2 from B1, and changed the ratings outlook to
stable. The rating action concludes the review for possible upgrade
initiated on March 31, 2017 following Reliance's announcement that
it had agreed to be acquired by CKP (Canada) Holdings Ltd.
(unrated), a wholly-owned subsidiary of Cheung Kong Property
Holdings Ltd. (CKP, A2 stable).

"The rating upgrade reflects Moody's view that Reliance's credit
profile is materially enhanced by its ownership change to CKP, a
strategic investor with a strong credit profile and that the
company's credit metrics will show continued improvement over
time," says Peter Adu, Moody's AVP.

The following rating actions were taken:

Ratings Upgraded:

Corporate Family Rating, to Ba1 from Ba2

Probability of Default Rating, to Ba1-PD from Ba2-PD

US$375M Senior Secured Notes due 2023, to Ba2 (LGD5) from
B1(LGD5)

Outlook Action:

Changed to Stable from Rating Under Review

RATINGS RATIONALE

Reliance's Ba1 CFR is primarily influenced by its predictable
operating cash flow and solid margins supported by its strong
position in the Ontario (Canada) duopolistic residential water
heater rental market with high entry barriers, a very stable
business model with good revenue visibility, and ownership by a
strategic investor with a strong credit profile. These positive
attributes more than offset Reliance's relatively weak key credit
metrics (adjusted Debt/EBITDA of 5.1x, EBITA/Interest of 2.7x and
RCF/Net Debt of 14% at LTM Q1/2017) and small scale. Moody's
expects modest EBITDA growth to enable Reliance's leverage
(adjusted Debt/EBITDA) to decline towards 4.5x by the end of fiscal
2018.

Reliance has adequate liquidity. The company's sources of liquidity
exceed C$130 million, with no debt maturities in the next year.
Reliance's liquidity is supported by cash of C$14 million at
Q1/2017 and about C$120 million of availability under its C$350
million revolver due in May 2020. Moody's expects breakeven free
cash flow for the next four quarters as CKP is expected to take
dividends from Reliance up to but not exceeding cash flow after
capital expenditures. Reliance is subject to leverage and coverage
covenants under its revolver and Moody's expects cushion to exceed
35% through the next four quarters. Reliance has limited ability to
generate liquidity from asset sales as its assets are encumbered.
The company has no refinancing risk until March 2019 when C$325
million of secured notes come due.

Reliance's notes are rated at Ba2, one notch below the CFR, to
reflect their junior position relative to the size of the senior
secured debt at its wholly-owned subsidiary, Reliance LP, which
ranks ahead of it in the consolidated capital structure.

The outlook is stable because Moody's expects the company to grow
its top line in the mid-single digits and that modest EBITDA
expansion will enable leverage to decline towards 4.5x through
December 2018. The stable outlook also considers that Reliance will
seek to refinance its C$325 million secured notes due in March 2019
well ahead of the maturity date.

The rating could be upgraded to Baa3 if Reliance maintains very
good liquidity and Moody's gains confidence that adjusted
Debt/EBITDA will be sustained towards 3x (currently 5.1x). The
rating could be downgraded to Ba2 if adjusted Debt/EBITDA is
sustained above 5.5x.

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

Reliance Intermediate Holdings LP is a holding company of Reliance
LP, which is the leader in residential water heater rentals in
Ontario, Canada with about 1.5 million rental units deployed. The
company also provides heating, ventilation, and air-conditioning
services. Revenue for the twelve months ended March 31, 2017
exceeded C$600 million. Reliance is headquartered in Toronto,
Ontario.


RENNOVA HEALTH: Closes $4.1 Million Debentures Offering
-------------------------------------------------------
Rennova Health, Inc., closed an offering of $4,136,862 aggregate
principal amount of Original Issue Discount Debentures due Oct. 17,
2017, and warrants to purchase an aggregate of 2,120,000 shares of
common stock for consideration of $2,000,000 in cash and the
exchange of $1,902,700 aggregate principal amount of Original Issue
Discount Debentures due Sept. 22, 2017, issued by the Company on
June 22, 2017.  The offering was pursuant to the terms of the
previously announced Securities Purchase Agreement, dated as of
July 16, 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 an $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 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. 20,
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 $0.375 per common share (subject to
adjustment).  The Warrants will terminate five years after they
become exercisable.

Holders of Warrants are prohibited from exercising such 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 exemptions 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 or
Section 3(a)(9) of the Securities Act.

                     About Rennova Health

Based in West Palm Beach, Florida, Rennova Health, Inc.
(NASDAQ:RNVA) -- http://www.rennovahealth.com/-- provides
diagnostics and supportive software solutions to healthcare
providers, delivering an efficient, effective patient experience
and superior clinical outcomes.

Rennova Health reported a net loss attributable to common
stockholders 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.


RESIDENTIAL CAPITAL: Underwriters Must Produce Pre-Oct. 2008 Docs
-----------------------------------------------------------------
Plaintiffs Rowena Drennen, individually and as Representative of
the Kessler Settlement Class, et al., filed a motion to compel
discovery from Defendant Certain Underwriters at Lloyd's of
London.

In this lawsuit about insurance coverage, Plaintiffs allege that
Underwriters have improperly withheld claims handling documents on
the basis of the attorney-client and work product privileges.
Specifically, Plaintiffs allege that Underwriters used attorneys
from a law firm -- Sedgwick, Detert, Moran & Arnold, LLP -- as
claims handlers and, therefore, cannot shield from discovery
documents that reflect the claims handling activities performed by
these Sedgwick attorneys.

Underwriters maintain, however, that these documents are privileged
because Underwriters retained Sedgwick to provide legal advice on
coverage issues under the applicable insurance policies. The
parties also dispute the date when litigation became likely for
purposes of when any attorney work product privilege would apply.

Judge Sean H. Lane of the U. S. Bankruptcy Court for the Southern
District of New York grants Plaintiffs' Motion in part and denies
it in part.

Beginning in 2001, several class actions were filed against
Residential Funding Company, LLC, and other parties on behalf of
borrowers who had obtained second mortgage loans that were acquired
by RFC on the secondary market.  Sedgwick sent reports to
Underwriters about these actions, which the parties here have
referred to as the Kessler class action, the Mitchell class action,
and the Related Missouri Actions. These reports include so-called
"Bordeaux Reports" and "Direct Reports," which provided information
on the second mortgage claims, including the Underlying Actions and
other claims. Plaintiffs contend that these reports provided
Underwriters with an update on Sedgwick's investigation of the
Underlying Actions, and demonstrate that Underwriters had delegated
claims handling functions to Sedgwick for the Underlying Actions.
Underwriters disagree, maintaining that Sedgwick was providing
legal advice and counseling with respect to the second mortgage
claims, specifically whether these claims implicated coverage under
the Policy.

Underwriters here maintain that litigation was anticipated on
October 17, 2008, the date of the Mitchell reservation of rights
letter. Underwriters contend that it was apparent by this date that
Underwriters would not provide coverage for damages awarded on the
claims. But Plaintiffs argue that the October 2008 date is too
early. Plaintiffs point out that, even after that date,
Underwriters continued to request and receive information from RFC
and conduct meetings with RFC, make partial defense cost payments
in Mitchell, and that the Mitchell ROR itself states that the
claims were subject to a "continuing investigation" and requested
additional information. Instead, Plaintiffs urge the Court to adopt
February 29, 2012, the date that Underwriters denied RFC's demand
for payment for the Mitchell compensatory damages judgment.

Looking at all the facts and circumstances presented, Judge Lane
finds that the anticipated litigation date is Oct. 17, 2008, the
date of the Mitchell ROR.  This conclusion is confirmed by the
context for the issuance of the Mitchell ROR. Shortly before the
Mitchell ROR -- in September 2008 -- a judgment of approximately
$99 million was entered against RFC in the Mitchell claim.

Given the factual record here, therefore, the Court concludes that
Underwriters has established by specific competent proof that the
anticipated date of litigation was Oct. 17, 2008.

Plaintiffs also contend that reserve information here is relevant
to Underwriters' knowledge of the underlying claims and its
coverage position, the reasonableness of the underlying settlement,
and Underwriters' alleged bad faith conduct and delay in adjusting
the claims. In contrast, Underwriters argue that reserve
information is not relevant here and is nonetheless protected by
the attorney-client and work product privileges. Underwriters note
that Plaintiffs do not assert a bad faith claim here. As to
relevancy to their defenses, Underwriters asserts that there has
been no allegation of ambiguity or suggestion that it would be
necessary for the Court to review extraneous evidence like this
reserve information to interpret the Policy.

The Court finds that Plaintiffs have not established that the
reserve information here is relevant. Moreover, the Court rejects
Plaintiffs' contention that reserve information is relevant to
their claims for coverage, particularly regarding fees-related
exclusions. Plaintiffs argue that under the doctrine contra
proferentum, the claims files, including reserve information, are
crucial to resolving any ambiguities in the policy language since
Sedgwick helped draft the Policy. But Plaintiffs have not pointed
to any specific policy language that they claim is ambiguous or any
evidence of ambiguity. While the relevance standard is a liberal
one, "it is not so liberal as to allow a party 'to roam in shadow
zones of relevancy and to explore matter which does not presently
appear germane on the theory that it might conceivably become so.'
Accordingly, the Court denies Plaintiffs' request for reserve
information.

Consistent with the foregoing, Judge Lane grants Plaintiffs' Motion
in part and denies it in part. Accordingly, Underwriters shall
produce without redactions, those documents withheld on the basis
of work product privilege that are dated prior to Oct. 17, 2008,
and shall review all documents consistent with this ruling to
determine whether any additional information should be produced.

The bankruptcy case is In re: RESIDENTIAL CAPITAL, LLC, Chapter 11,
Debtors. ROWENA DRENNEN, individually and as Representative of the
KESSLER SETTLEMENT CLASS, et al., Plaintiffs, v. CERTAIN
UNDERWRITERS AT LLOYD'S OF LONDON, et al., Defendants,  Case No.
12-12020 (MG) (Bankr. S.D. N.Y.).

The adversary proceeding is RESIDENTIAL CAPITAL, LLC, Chapter 11,
Debtors. ROWENA DRENNEN, individually and as Representative of the
KESSLER SETTLEMENT CLASS, et al., Plaintiffs, v. CERTAIN
UNDERWRITERS AT LLOYD'S OF LONDON, et al., Defendants, Adv. No.
15-01025 (SHL) ((Bankr. S.D. N.Y.).

A full-text copy of Judge Lane's Memorandum of Decision is
available at https://is.gd/LDR9OS from Leagle.com.

ROWENA DRENNEN, Plaintiff, represented by Ronald Bruce Carlson  --
bcarlson@carlsonlynch.com -- Carlson Lynch Sweet & Kilpela, LLP,
Garrett M. Hodes, -- ghodes@wbsvlaw.com  -- Walters, Bender,
Strohbehn & Vaughan, P.C., Edwin J. Kilpela, Jr. –
ekilpela@carlsonlynch.com -- Carlson Lynch Sweet & Kilpela, LLP,
Gary F. Lynch – glynch@carlsonlynch.com -- Carlson Lynch Sweet
Kilpela & Carpenter, LLP, Karen W. Renwick -- krenwick@wbsvlaw.com
-- Walters Bender Strohbehn & Vaughan, P.C., Michael B. Sichter --
msichter@wbsvlaw.com -- Walters Bender Strohbehn & Vaugha, P.C.,
David M. Skeens -- dskeens@wbsvlaw.com  -- Walters Bender Strohbehn
& Vaughan, PC & Roy Frederick Walters -- fwalters@wbsvlaw.com --
Walters Bender Strohbehn & Vaughan, P.C..

CHRISTIE TURNER, Plaintiff, represented by Daniel J. Flanigan –
dflanigan@polsinelli.com -- Polsinelli.

RESCAP LIQUIDATING TRUST, Plaintiff, represented by Vivek Chopra
– Vchopra@perkinscoie.com -- Perkins Coie LLP, Alexis E. Danneman
– Adanneman@perkinscoie.com -- Perkins Coie LLP & Selena J. Linde
– Slinde@perkinscoie.com -- Perkins Coie LLP.

CERTAIN UNDERWRITERS AT LLOYD'S OF LONDON, Defendant, represented
by Susan N.K. Gummow -- sgummow@fgppr.com  -- Foran Glennon
Palandech Ponzi & Rudloff, Timothy Donald Kevane --
timothy.kevane@sedgwicklaw.com -- Sedgwick LLP, Soo Yeon Kim --
soo.kim@sedgwicklaw.com -- Sedgwick LLP, Lawrence J. Klein --
Lawrence.klein@sedgwicklawcom. -- Sedgwick LLP & Gregory Lahr,
Sedgwick LLP.

TWIN CITY FIRE INSURANCE COMPANY, Defendant, represented by Cara
Tseng Duffield -- cduffield@wileyrein.com -- Wiley Rein LLP &
Daniel J. Standish  -- dstandish@wileyrein.com -- Wiley Rein LLP.

CONTINENTAL CASUALTY COMPANY, Defendant, represented by Patrick M.
Kennell -- pkennell@kdvlaw.com -- Kaufman Dolowich & Voluck, LLP &
Kevin M. Mattessich – kmattessich@kdvlaw.com -- Kaufman Dolowich
& Voluck, LLP.

CLARENDON NATIONAL INSURANCE COMPANY, Defendant, represented by
John W. Duchelle -- john.duchelle@troutmansanders.com -- Troutman
Sanders LLP, Thomas Hay – thomas.hay@troutmansanders.com --
Troutman Sanders LLP, Gabriela Richeimer, Troutman Sanders LLP &
Gabriela Richeimer -- gabriela.richeimer@troutmansanders.com --
Troutman Sanders LLP.

SWISS RE INTERNATIONAL SE, Defendant, represented by Samuel G. Mann
-- smann@cahill.com -- Cahill Gordon & Reindel LLP, Suzanne
Marinkovich – smarinkovich@cahill.com -- Cahill Gordon & Reindel
LLP, Thorn Rosenthal – trosenthal@cahill.com -- Cahill Gordon &
Reindel LLP & Ben Schatz – bschatz@cahill.com -- Cahill Gordon &
Reindel LLP.

ACE BERMUDA INSURANCE LTD., Defendant, represented by Paul R.
Koepff -- paul.koepff@clydeco.us -- Clyde & Co & Tancred V.
Schiavoni -- tschiavoni@omm.com -- O'Melveny & Myers LLP.

XL INSURANCE (BERMUDA) LTD., Defendant, represented by Michael
Chester -- mchester@skarzynski.com -- Skarzynski Black LLC & James
T. Sandnes -- jsandnes@skarzynski.com -- Skarzynski Black LLC.

AMERICAN INTERNATIONAL REINSURANCE COMPANY, Defendant, represented
by Maryann Taylor -- MTaylor@damato-lynch.com  -- Damato-Lynch
LLP.

CHUBB ATLANTIC INDEMNITY LTD., Defendant, represented by Jonathan
A. Constine  -- jonathan.constine@troutmansanders.com  -- Troutman
Sanders LLP & Lee William Stremba – lee.stremba@
troutmansanders.com  -- Troutman Sanders LLP.

STEADFAST INSURANCE COMPANY, Defendant, represented by Sharon F.
McKee -- smckee@hangley.com -- Hangley Aronchick Segal Pudlin &
Schille, Sharon F. McKee, Hangley Aronchick Segal Pudlin &
Schiller, Jacqueline R. Robinson – jrobinson@hangley.com --
Hangley Aronchick Segal Pudlin & Schiller & Ronald P. Schiller –
rschiller@hangley.com -- Hangley Aronchick Segal Pudlin &
Schiller.

ST. PAUL MERCURY INSURANCE COMPANY, Defendant, represented by Paul
T. Curley -- pcurley@kbrlaw.com -- Kaufman Borgeest & Ryan, LLP,
Matthew E. Mawby – mmawby@kbrlaw.com -- Kaufman Borgeest & Ryan
LLP, Scott A. Schechter – sschecter@kbrlaw.com -- Kaufman
Borgeest & Ryan, LLP & Patrick Stoltz – pstoltz@kbrlaw.com --
Kaufman Borgeest & Ryan, LLP.

NORTH AMERICAN SPECIALTY INSURANCE COMPANY, Defendant, represented
by Stewart D. Aaron -- stewart.aaron@apks.com -- Arnold & Porter,
LLP & Anthony D. Boccanfuso – Anthony.boccanfuso@apks.com --
Arnold & Porter Kaye Scholer LLP.

                   About Residential Capital

Residential Capital LLC, the unprofitable mortgage subsidiary of
Ally Financial Inc., filed for bankruptcy protection (Bankr.
S.D.N.Y. Lead Case No. 12-12020) on May 14, 2012.  Neither Ally
Financial nor Ally Bank is included in the bankruptcy filings.

ResCap, one of the country's largest mortgage originators and
servicers, was sent to Chapter 11 with 50 subsidiaries amid
"continuing industry challenges, rising litigation costs and
claims, and regulatory uncertainty," according to a company
statement.

ResCap disclosed $15.7 billion in assets and $15.3 billion in
liabilities at March 31, 2012.

Centerview Partners LLC and FTI Consulting are acting as financial
advisers to ResCap.  Morrison & Foerster LLP is acting as legal
adviser to ResCap.  Curtis, Mallet-Prevost, Colt & Mosle LLP is
the
conflicts counsel.  Rubenstein Associates, Inc., is the public
relations consultants to the Company in the Chapter 11 case.
Morrison Cohen LLP is advising ResCap's independent directors.
Kurtzman Carson Consultants LLP is the claims and notice agent.

Ray C. Schrock, Esq., at Kirkland & Ellis LLP, in New York, serves
as counsel to Ally Financial.

ResCap sold most of the businesses for a combined $4.5 billion.

The Bankruptcy Court in November 2012 approved ResCap's sale of
its
mortgage servicing and origination platform assets to Ocwen Loan
Servicing, LLC and Walter Investment Management Corporation for $3
billion; and its portfolio of roughly 50,000 whole loans to
Berkshire Hathaway for $1.5 billion.

Judge Martin Glenn in December 2013 confirmed the Joint Chapter 11
Plan co-proposed by Residential Capital and the Official Committee
of Unsecured Creditors.

                      *     *     *

The ResCap Liquidating Trust was established in December 2013
under
the Second Amended Joint Chapter 11 Plan of Residential Capital,
LLC, et al., to liquidate and distribute assets of the debtors in
the ResCap bankruptcy case.  The Trust maintains a website at
www.rescapliquidatingtrust.com, which Unitholders are urged to
consult, where Unitholders may obtain information concerning the
Trust, including current developments.


REVLON CONSUMER: Moody's Cuts CFR to B2; Outlook Stable
-------------------------------------------------------
Moody's Investors Service downgraded Revlon Consumer Products
Corporation's Corporate Family Rating ("CFR") to B2 from B1, and
its Probability of Default Rating (PDR) to B2-PD from B1-PD. At the
same time, Moody's downgraded Revlon's senior secured credit
facilities to B1 from Ba3 and senior unsecured notes to Caa1 from
B3. Moody's also downgraded the company's Speculative Grade
Liquidity rating to SGL-2 from SGL-1. The rating outlook is
stable.

The downgrades reflect Moody's expectation that Revlon's financial
leverage will remain very high over the next year. For the twelve
months ending March 31, 2017 debt to EBITDA was very high at 7.6x.
Moody's expects leverage reduction to be hampered by low organic
earnings growth over the next year. Revlon's operations are not
fully stabilized and face challenges that could affect sales and
raise the cost and time to implement some more complex cost
synergies. In addition, Moody's recognizes the company's high
execution risks related to Revlon's aggressive plan to extract over
$140 million of cost synergies. The company is in the midst of
restructuring its operations to restore growth and improve its
operating performance.

The following ratings were downgraded:

Revlon Consumer Products Corporation:

Corporate Family Rating to B2 from B1;

Probability of Default Rating to B2-PD from B1-PD;

Senior secured bank term loan to B1 (LGD 3) from Ba3 (LGD 3);

Senior unsecured global notes to Caa1 (LGD 5) from B3 (LGD 5).

Speculative Grade Liquidity Rating to SGL-2 from SGL-1.

The outlook is stable.

Revlon Escrow Corporation:

Senior unsecured global notes to Caa1 from B3.

RATINGS RATIONALE

Revlon's B2 CFR reflects its very high financial leverage of about
7.6x and Moody's belief that leverage will remain above 6.5x over
the next year. This very high leverage is in part due to earnings
and cash flow weakness reflecting lackluster demand for the
company's domestic consumer and professional products. In addition,
Moody's recognizes the company's high exposure to acquisition event
risk related to the controlling stake held by the Ron
Perelman-owned investment firm MacAndrews and Forbes. The rating is
supported Revlon's strong global brand name recognition. The
integration of Elizabeth Arden (which Revlon acquired in 2016)
remains on track and cost synergies are in line with Moody's
expectations.

The stable outlook reflects Moody's belief that financial leverage
will remain very high over the next year. That said Moody's
believes that Revlon will delever over time through a combination
of debt repayment and EBITDA growth. The outlook also reflects the
rating agency's belief that Revlon will be able to stabilize its
operations and generate low to mid-single digit organic revenue
growth.

Revlon's ratings could be downgraded if the company fails to
stabilize revenues and earnings, and generate good positive free
cash flow. Earnings could also be downgraded should liquidity
weaken or if the company is unable to bring debt to EBITDA to below
7.0 times.

Revlon's ratings could be upgraded if the company improves its
operating performance, and sustains EBIT margins above 10%.
Additionally, debt/EBITDA would need to be sustained below 5.0
times, and liquidity remain strong before Moody's would consider an
upgrade.

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

Revlon, headquartered in New York, NY is a worldwide skin care,
cosmetics, hair color, hair care, men's grooming products, beauty
tools, fragrance, and personal care products company. The company
is a wholly-owned subsidiary of publicly-traded Revlon, Inc., which
is majority-owned by MacAndrews & Forbes (M&F). M&F is wholly-owned
by Ronald O. Perelman. Revlon generates annual revenues of nearly
$3.0 billion.


RICEBRAN TECHNOLOGIES: Redeems $6.6 Million Debentures
------------------------------------------------------
RiceBran Technologies filed on July 17, 2017, a Current Report on
Form 8-K with the Securities and Exchange Commission reporting the
completion of the sale of the assets of its wholly-owned
subsidiary, Healthy Natural, Inc., pursuant to the terms of the
Asset Purchase Agreement dated as of July 14, 2017, and entered
into by and among the Company, HN and United Laboratories
Manufacturing, LLC.  The Company filed an amendment to the Initial
Form 8-K to provide the required pro forma financial information
that was not filed with the Initial Form 8-K.

RiceBran's pro forma condensed consolidated statements of
operations (unaudited) for the three months ended March 31, 2017,
showed a net loss attributable to common shareholders of $3.45
million on $7.01 million of revenues.  A full-text copy of the
Unaudited Pro Forma Financial Statements is available for free at:

                      https://is.gd/1LO6eu

As previously disclosed on Feb. 15, 2017, in the Company's Current
Report on Form 8-K, the Company entered into a securities purchase
agreement on Feb. 9, 2017, with certain accredited investors,
pursuant to which the Company sold and issued an aggregate
principal amount of $6,600,000 of original issue discount senior
secured debentures and warrants to purchase an aggregate of
6,875,000 shares of common stock.

Pursuant to the terms of the Debentures, the holders of Debentures
had the right to require the Company to redeem their Debentures for
a price equal to the principal amount of the Debentures in
connection with the completion of the Asset Sale.  On July 14,
2017, all of the holders of the Debentures elected to require the
Company to redeem the Debentures.  In accordance with that
election, the Company redeemed all the outstanding Debentures on
July 14, 2017, following completion of the Asset Sale by paying to
the holders of the Debentures a total of $6,600,000.

In addition, on July 14, 2017, the Company used $5,963,149 of the
proceeds from the Asset Sale to pay all outstanding principal and
accrued interest on its subordinated promissory notes.

                        About RiceBran

Scottsdale, Ariz.-based RiceBran Technologies, a California
corporation -- http://www.ricebrantech.com-- is a human food
ingredient and animal nutrition company focused on the procurement,
bio-refining and marketing of numerous products derived from rice
bran.  RiceBran Technologies has proprietary and patented
intellectual property that allows it to convert rice bran, one of
the world's most underutilized food sources, into a number of
highly nutritious food and feed ingredient products.  Its global
target markets are food and feed manufacturers and retailers, as
well as specialty food, functional food and nutritional supplement
manufacturers and retailers.

RiceBran incurred a net loss attributable to common shareholders of
$9.10 million for the full year 2016 compared to a loss
attributable to common shareholders of $8.3 million in 2015.

As of March 31, 2017, Ricebran had $32.46 million in total assets,

$24.61 million in total liabilities and $7.85 million in total
equity attributable to Ricebran shareholders.

Marcum LLP, in New York, NY, issued a "going concern" qualification
on the consolidated financial statements for the year ended Dec.
31, 2016, citing that the Company has suffered recurring losses
from operations resulting in an accumulated deficit of $260 million
at Dec. 31, 2016.  This factor among other things, raises
substantial doubt about its ability to continue as a going concern.


RO & SONS: Unsecured Creditors to be Paid 100% in 72 Mos. at 3%
---------------------------------------------------------------
General unsecured creditors of Ro & Sons, Inc., will be paid in
full under the company's proposed plan to exit Chapter 11
protection.

Under the restructuring plan, creditors holding Class 7 general
unsecured claims will receive full payment of their allowed claims,
with 3% interest in 72 months.

Payments under the plan will be funded by the cash flow from Ro &
Sons' operation of its motel located at 9017 San Dario Avenue,
Laredo, Texas, according to the company's disclosure statement
filed with the U.S. Bankruptcy Court for the Southern District of
Texas.

A copy of the disclosure statement is available for free at
https://is.gd/EurVey
     
                       About Ro & Sons Inc.
        
Ro & Sons, Inc., d/b/a Motel 9, owns two motel properties in
Laredo, Texas.

The Debtor filed a Chapter 11 petition (Bankr. S.D. Tex. Case No.
16-50241), on Dec. 6, 2016.  The petition was signed by Pablo E.
Rodriguez, president.  At the time of filing, the Debtor had total
assets of $4.04 million and total liabilities in the amount of
$1.57 million.

The case is assigned to Judge Eduardo V Rodriguez.  The Debtor is
represented by Carl Michael Barto, Esq. at the Law Offices of Carl
M. Barto.


ROSENBAUM FARM: Case Summary & Largest Unsecured Creditors
----------------------------------------------------------
Affiliated debtors that filed Chapter 11 bankruptcy petitions:

    Debtor                                     Case No.
    ------                                     --------
    Rosenbaum Farm, LLC                        17-70962
    PO Box 411
    Glade Spring, VA 24340

    Rosenbaum Feeder Cattle, LLC               17-70963
    PO Box 411
    Glade Spring, VA 24340

Type of Business: The Debtors own a hog feedlot facility at 36000
                  Allison Lane, Glade Spring, VA.

Chapter 11 Petition Date: July 20, 2017

Court: United States Bankruptcy Court
       Western District of Virginia (Roanoke)

Judge: Hon. Paul M. Black

Debtors' Counsel: John M. Lamie, Esq.
                  BROWNING LAMIE & GIFFORD
                  P.O. Box 519
                  Abingdon, VA 24212-0519
                  Tel: (276) 628-6165
                  Email: jlamie@blglaw.us

                    - and -

                  Adam M. Back, Esq.
                  STOLL KEENON OGDEN PLLC
                  500 West Jefferson Street
                  2000 PNC Plaza
                  Louisville, KY 40202-2828

                                      Estimated   Estimated
                                       Assets    Liabilities
                                      ---------  -----------
Rosenbaum Farm, LLC                   $1M-$10M    $1M-$10M
Rosenbaum Feeder Cattle, LLC          $1M-$10m    $1M-$10M

The petitions were signed by William Todd Rosenbaum,
secretary/treasurer.

Rosenbaum Feeder Cattle's list of 13 unsecured creditors is
available for free at http://bankrupt.com/misc/vawb17-70963.pdf


RUE21 INC: Prepetition Term Loan Secured Claimants to Get Up to 54%
-------------------------------------------------------------------
rue21, Inc., and its debtor-affiliates filed with the U.S.
Bankruptcy Court for the Western District of Pennsylvania a first
amended disclosure statement dated July 12, 2017, referring to the
Debtors' first amended joint plan of reorganization.

Under the Plan, Class 4 Prepetition Term Loan Secured Claims --
estimated at between $164.2 million and $247.9 million -- are
impaired.  Expected recovery for the holders is 36% to 54%.

The Prepetition Term Loan Secured Claims are allowed in the
aggregate principal amount of not less than $249.70 million, plus
any accrued but unpaid interest thereon payable as of the Petition
Date at the applicable interest rate and any accrued but unpaid
fees and expenses payable in accordance with the Prepetition Term
Loan Documents.  The Prepetition Term Loan Secured Claims will not
be subject to avoidance, subordination, setoff, deduction,
objection, challenge, recharacterization, surcharge under 506(c) of
the Bankruptcy Code or any other claim or defense.

In full and final satisfaction, settlement, release, and discharge
of and in exchange for each Allowed Prepetition Term Loan Secured
Claim, each holder that votes in favor of the Plan will be entitled
to either a pro rata share of 63% of the New Equity, in the form of
Class A Shares, subject to the Term Loan Adjustment and dilution
for any New Equity issued under a Management Equity Incentive Plan;
provided, however, that any contingent claims for indemnification
arising from the Prepetition Term Loan Documents will be released
and discharged solely to the extent that: (i) the challenge
deadline has passed without the timely and proper commencement of a
challenge; (ii) a final court order is entered, denying a
challenge; or (iii) the receipt by the Prepetition Term Loan
Parties of a binding agreement in writing (in a form satisfactory
to the Prepetition Term Loan Agent) stating that (A) the Committee
and its counsel have completed their review of the Prepetition Term
Loan Documents, the Prepetition Term Loan Obligations and the
Prepetition Liens granted to the Prepetition Term Loan Agent, (B)
the Committee will not initiate or commence a challenge with
respect thereto, and (C) as between the Committee and each
Prepetition Term Loan Party, the challenge deadline is deemed to
have occurred.

All cash necessary for the Reorganized Debtors to make payments
required pursuant to the Plan will be funded with proceeds from the
DIP Facilities and cash on hand as of the Effective Date and
proceeds, if any, from the reserved avoidance actions.
Additionally, on or after the Effective Date, the Debtors may draw
available proceeds under the Exit ABL Credit Facility.  The Debtors
will rely on the cash proceeds of the Exit ABL Credit Facility and
Cash on hand to fund other payments required on or after the
Effective Date.

In making cash payments, the Debtors and the Reorganized Debtors
will be entitled to transfer funds between and among themselves as
they determine to be necessary or appropriate to enable the
Reorganized Debtors to satisfy their obligations under the Plan.
Any changes in intercompany account balances resulting from such
transfers will be accounted for and settled in accordance with the
Debtors' historical intercompany account settlement practices and
will not violate the terms of the Plan.

Upon the Effective Date, all equity interests of Rhodes Holdco,
Inc., will be cancelled and the New Equity will be issued as set
forth under the Plan.  The New Equity will be freely tradable and
eligible for the book-entry, delivery, depository and settlement
services of DTC.  On the Effective Date, the Reorganized Debtors
shall issue all securities, notes, instruments, certificates, and
other documents required to be issued pursuant to the Plan.  On the
Effective Date, holders of New Equity will be parties to certain
New Organizational Documents, which will be subject to the RSA
Definitive Document Requirements.  On the Effective Date, the
Reorganized Debtors and the holders of New Equity will enter into
and deliver the New Organizational Documents to each entity that is
intended to be a party thereto and New Organizational Documents
shall be deemed to be valid, binding, and enforceable in accordance
with their terms, and each holder of New Equity will be bound
thereby, in each case, without the need for execution by any party
thereto other than the Reorganized Debtors.

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

          http://bankrupt.com/misc/pawb17-22045-697.pdf

As reported by the Troubled Company Reporter on June 14, 2017, the
Debtor filed a Chapter 11 plan of reorganization that would reduce
its debt by as much as $700 million and would provide the company
and its affiliates with the capital necessary to fund their
operations.

                            About rue21

rue21 -- http://www.rue21.com/-- is a teen specialty apparel
retailer.  For over 37 years, rue21 has been famous for offering
the latest trends at an affordable price point.  It has core brands
in girls' apparel (rue21), intimate apparel (true), girls'
accessories (etc!), girls' cosmetics (ruebeaute!), guys' apparel
and accessories (Carbon), girls' plus-size apparel (rue+), and
girls' swimwear (ruebleu).  The company is headquartered in
Warrendale, Pennsylvania and have one distribution center located
in Weirton, West Virginia.

Headquartered just north of Pittsburgh, Pennsylvania, rue21 had
1,179 stores in 48 states in shopping malls, outlets and strip
centers, and on its website.  In April, Company began the process
of closing approximately 400 underperforming stores in its 1,179
store fleet in order to streamline operations.

On May 15, 2017, rue21, inc., and affiliates filed voluntary
petitions for relief under Chapter 11 of the Bankruptcy Code
(Bankr. W.D. Pa. Lead Case No. 17-22045).  Todd M. Lenhart, the
Company's senior vice president, treasurer, chief financial
officer, and chief accounting officer, signed the petitions.

The Debtors have sought joint administration of the Chapter 11
cases.  The Honorable Gregory L. Taddonio is the case judge.

The Debtors tapped Reed Smith LLP as local counsel; Kirkland &
Ellis LLP as bankruptcy counsel; Rothschild Inc., as investment
banker; Berkeley Research Group, LLC, as financial advisor; A&G
Realty Partners, LLC, as real estate advisor and consultant; and
Kurtzman Carson Consultants LLC as claims and notice agent.

rue21 estimated $1 billion to $10 billion in assets and
liabilities.

Counsel to the DIP Term Loan Agent, DIP Term Loan Lenders,
Prepetition Term Loan Agent and Term Loan Steering Committee are
Scott J. Greenberg, Esq., Michael J. Cohen, Esq., and Jeffrey J.
Bresch, Esq., at Jones Day.

Counsel to the DIP ABL Agent and the Prepetition ABL Agent are
Julia Frost-Davies, Esq., and Amelia C. Joiner, Esq., at Morgan
Lewis & Bockius LLP; and James D. Newell, Esq., and Timothy
Palmer, Esq., at Buchanan Ingersoll & Rooney PC.

The Sponsor Lenders are represented by Simpson Thacher &
Bartlett's Elisha D. Graff, Esq.

An Ad Hoc Cross-Holder Group is represented by Milbank, Tweed,
Hadley & McCloy's Gerard Uzzi, Esq., and Eric Stodola, Esq.

Andrew R. Vara, Acting U.S. Trustee for Region 3, on May 23, 2017,
appointed seven creditors to serve on the official committee of
unsecured creditors.  The Committee has tapped Cooley LLP as
counsel; and Fox Rothschild LLP as local counsel.


RYCKMAN CREEK: WIC Blocks Approval of 4th Amended Plan Disclosures
------------------------------------------------------------------
William Insulation Company objects to Ryckman Creek Resources, LLC,
and affiliates' fourth amended disclosure statement with respect to
their third amended joint Chapter 11 plan of reorganization filed
on May 25, 2017.  

WIC complains that the Disclosure Statement does not comply with
section 1125 of the Bankruptcy Code since it does not provide the
creditors with sufficient financial information to evaluate the
financial feasibility of the plan.

No details of this "Exit Facility" are provided, except that it
will be in the amount of $113 million and its terms "shall be set
forth in the Plan Supplement." However, the "Plan Supplement" is
not part of the Disclosure Statement, and is not going to be
provided until "at least seven days prior to the Voting Deadline or
such later date as may be approved by the Bankruptcy Court without
further notice."

WIC contends that this Plan Supplement information needs to be
provided in the Disclosure Statement in order to satisfy the
"hypothetical reasonable investor" test. Without such information
as the Exit Facility's interest rates, maturity of the debt, etc.,
feasibility cannot be evaluated.

In addition, the Plan impermissibly groups all the Statutory Lien
Claims in the same subclass when there are significant differences
between the individual lien claimants' litigation positions. The
Disclosure Statement should provide more information as to why the
similarities of the lien claims merit treating them in a single
subclass.

Based on the said reasons, WIC requests that the Court deny
confirmation of the Fourth Amended Disclosure Statement.

The Troubled Company Reporter previously reported that the latest
plan contemplates the reorganization of Ryckman and its affiliates
through either the sale of all of the common equity in the
reorganized companies to the winning bidder; or a standalone
reorganization.

Following consummation of the plan, the companies' balance sheet
will be deleveraged by more than $285 million. At emergence, the
companies anticipate that they will have liquidity of approximately
$47 million from a combination of cash on hand and availability
under the exit facility.

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

      https://is.gd/ZMMkeN

Counsel for William Insulation Company:

     David P. Primack, Esq. (No. 4449)
     MCELROY, DEUTSCH, MULVANEY & CARPENTER, LLP
     300 Delaware Avenue, Suite 770
     Wilmington, DE 19801
     Telephone: (302) 300-4512
     Facsimile: (302) 645-4031
     dprimack@mdmc-law.com

                  About Ryckman Creek Resources

Formed on Sept. 8, 2009, Ryckman Creek Resources, LLC, is engaged
in the acquisition, development, marketing, and operation of a
Natural gas storage facility known as the Ryckman Creek Facility.

The Ryckman Creek Facility is a depleted crude oil and natural gas
reservoir located in Uinta County, Wyoming.  The company began
development of the reservoir into a natural gas storage facility
in
2011.  The Ryckman Creek Facility began commercial operations in
late 2012 and received injections of customer gas and gas
purchased
by the company.  The company and its affiliated debtors have
approximately 35 employees.

Ryckman Creek Resources, LLC, Ryckman Creek Resources Holdings
LLC,
Peregrine Rocky Mountains LLC and Peregrine Midstream Partners LLC
filed Chapter 11 bankruptcy petitions (Bankr. D. Del. Lead Case
No.
16-10292) on Feb. 2, 2016.  The petitions were signed by Robert
Foss as chief executive officer.  Kevin J. Carey has been assigned
the case.

The Debtors hired Skadden, Arps, Slate, Meagher & Flom LLP as
counsel, AP Services, LLC, as management provider, Evercore Group
LLC as investment banker, and Kurtzman Carson Consultants LLC as
claims and noticing agent.

On April 11, 2016, Ryckman Creek Resources disclosed total assets
of more than $205 million and total debt of more than $391.2
million.

On Feb. 12, 2016, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  Attorneys for the
committee are Greenberg Traurig, LLP's Dennis A. Meloro, Esq.,
David B. Kurzweil, Esq., and Shari L. Heyen, Esq.  The committee
retained Alvarez & Marsal, LLC, as financial advisor.


S&S HOLDING: Hires Exit Premier Real Estate as Broker
-----------------------------------------------------
S&S Holding Company LLC seeks approval from the US Bankruptcy Court
for the District of Massachusetts, Central Division, to employ Mark
Maraglia and Exit Premier Real Estate as real estate broker with
regard to the sale of four properties located at:

     4 Bartlett Terrace, Brockton, MA 02301;

     446-448 Main Street, Brockton, MA;

     14 Oakland Place, Brockton, MA; and

     14 Concetta Way, Franklin, MA.

In the event of a sale of real estate, the commission to be charged
by and paid to Mark Maraglia and Exit Premier Real Estate would be
5% of the gross sale price of the real estate, for the three
Brockton properties and 6% for the Franklin property subject to
review and approval of the United States Bankruptcy Court. This
commission shall be payable only upon the closing of the real
estate transaction.

Mark Maraglia attest that neither he nor any member of his firm
holds or represents any interest adverse to the Debtor's estate;
nor has any connection with the Debtor, any creditor, or other
party in interest, their respective attorneys and accountants.

The Firm can be reached through:

     Mark A. Maraglia
     EXIT PREMIER REAL ESTATE
     85 Wilmington Road
     Burlington, MA 01803
     Tel: (508) 272-8761
     Email: markm@exitpremier.com

                     About S&S Holding

Headquartered in Franklin, Massachusetts, S&S Holding Company LLC
is a single location business engaged in real property leasing.  

On March 22, 2017, S&S filed its first Chapter 7 case (Bankr. D.
Mass. Case No. 17-40504).  It again filed a Chapter 7 petition on
June 21, 2017 (Bankr. D. Mass. Case No. 17-41145), which case had
been dismissed by the court.

S&S sought Chapter 11 bankruptcy protection (Bankr. D. Mass. Case
No. 17-41199) on June 29, 2017, estimating assets and liabilities
at between $1 million and $10 million.  The petition was signed by
James McNeil, manager.

Judge Elizabeth D. Katz presides over the Chapter 11 case.

Ann Brennan, Esq., at Ann Brennan Law Offices, serves as the
Debtor's bankruptcy counsel.


SAILING EMPORIUM: Must Make Adequate Protection Payment for April
-----------------------------------------------------------------
The Hon. Thomas J. Catliota of the U.S. Bankruptcy Court for the
District of Maryland has ordered The Sailing Emporium, Inc., to
make an adequate protection payment for April 2017 in the amount of
$7,500 to The People's Bank within seven days.

As reported by the Troubled Company Reporter on July 7, 2017, the
Peoples Lender, a secured creditor of the Debtor pursuant to
certain written agreements documents and instruments executed in
connection with the indebtedness owed to Lender as of the Petition
Date, asked the Court to prohibit the unauthorized use of its cash
collateral by the Debtor.

The Debtor opposes the Motion.

The Debtor is ordered to deliver to the bank for deposit into an
escrow account to be held and maintained by the bank the amount of
$7,500 per month for each month after April 2017 in which there was
a sufficient surplus and escrow will be without prejudice to the
parties' rights and may not be accessed by any party without
further court order.

Within 21 days, the Debtor's principal, William Arthur Willis, must
provide an accounting of any payments made since the petition date
from funds of the debtor that had a direct or indirect benefit on
either Mr. Willis or Mr. Willis' spouse, Mary Sue Willis.

The accounting must include: (1) the date of the payment; (2) the
amount of the payment; (3) the payee; (4) the type of payment; and
(5) the purpose of the payment.

Within 7 days, Mr. and Mrs. Willis must disclose any unidentified
bank accounts that are in their name or within their control, or
into which they have deposited any funds, since the petition date.


A copy of the court order is available at:

           http://bankrupt.com/misc/mdb16-24498-158.pdf

                    About The Sailing Emporium

The Sailing Emporium, Inc., owns and operates a full service marina
located on the picturesque Eastern Shore of Maryland on eight acres
on Rock Hall Harbor in Rock Hall, Maryland.  Services include boat
sales, boat repair and restoration, electronics sales and service
and sailboat charters.  The Property also includes a marine store
and nautical gift shop.  The Property has 155 deep water slips and
20 transient slips, and the landscaped grounds and other amenities
have made this marina a point of interest in Rock Hall.

The Sailing Emporium, Inc., filed a Chapter 11 petition (Bankr. D.
Md. Case No. 16-24498) on Nov. 1, 2016.  The petition was signed by
William Arthur Willis, president.  The Debtor estimated assets and
liabilities at $1 million to $10 million at the time of the
filing.

The case is assigned to Judge Thomas J. Catliota.

The Debtor's counsel is Lisa Yonka Stevens, Esq., at Yumkas,
Vidmar, Sweeney & Mulrenin, LLC.  The Debtor has employed Andrew
Cantor and Marcus & Millichap Real Estate Investment Services as
broker, and tapped Gary T. Mott & Associates, CPA, P.A., as
accountant.


SEACOR HOLDINGS: Moody's Withdraws B3 Corporate Family Rating
-------------------------------------------------------------
Moody's Investors Service has withdrawn the ratings of SEACOR
Holdings Inc. (SEACOR), including the company's B3 Corporate Family
Rating (CFR), B3-PD Probability of Default Rating (PDR), Caa1
(LGD4) senior unsecured notes rating, and (P)Caa1 shelf rating.

Moody's has withdrawn the ratings for its own business reasons.

SEACOR Holdings, Inc., headquartered in Fort Lauderdale, Florida,
is a diversified holding company with interests in domestic and
international transportation and logistics, and risk management
consultancy.


SEARS CANADA: Liquidation Sales in Closing Stores Ongoing
---------------------------------------------------------
Sears Canada Inc. announced that a joint venture group formed among
Hilco Global (through its Canadian division, Merchant Retail
Solutions, ULC), Gordon Brothers, Tiger Capital Group and Great
American Group, began operating liquidation sales, Friday, July 21,
2017, at the stores previously announced by the retailer as
closing.  This announcement comes after Sears Canada obtained an
Order from the Ontario Superior Court of Justice on Tuesday July
18, 2017, to liquidate 54 Stores (20 full-line, 15 Sears Home, 10
Outlet, and 9 Hometown locations).

Beginning July 21, customers can take advantage of fantastic
savings of up to 50% off during the store liquidation event sales.
Great deals will be available on all merchandise including brand
name men's and women's apparel, children's wear, footwear, bed and
bath, home decor, fitness and recreation, toys, furniture,
mattresses, major appliances, hardware, luggage and more.

Sears Canada full-line stores, Sears Home stores and Sears Outlet
stores participating will immediately begin to feature DEEP
DISCOUNTS from 20% to 50% off of a variety of products from Sears
own brands, including Kenmore, in addition to well-known national
and designer brands.

A spokesperson for the JV group managing the sale process, Gary
Epstein said, "We encourage consumers to shop early to take
advantage of the best selection of products and great savings
available throughout the stores while supplies last."  The JV Group
also indicated that select fixtures, furnishings and equipment in
the closing stores will also be for sale.  He also indicated that
Sears Canada gift cards will be honoured throughout the sale.

The JV group, which has been appointed to operate the store
liquidation process, has significant experience in Canada having
operated several recent events for other retailers in Canada
including Target Stores, Express, and BCBG.

A list of the Closing Stores is available at https://is.gd/dbv4nY

Additional Information: Sears Canada and certain of its
subsidiaries were granted an Initial Order and protection under the
CCAA on June 22, 2017.  Copies of the Company's motion materials
and other court documents are available on the Monitor's website:
http://cfcanada.fticonsulting.com/searscanada.Information
regarding the CCAA process may also be obtained by calling the
Monitor's hotline at 416-649-8113 or 1-855-649-8113 (toll free), or
by email at searscanada@fticonsulting.com.  Sears Canada will
continue to provide updates regarding its restructuring as
developments warrant.

                     About Sears Canada

Sears Canada Inc. is an independent Canadian digital and
store-based retailer and technology company whose head office is
based in Toronto.  Sears Canada's unique brand format offers
premium quality Sears Label products, designed and sourced by Sears
Canada, and of-the-moment fashion and home decor from designer
labels in The Cut @Sears.  Sears Canada also has a top ranked
appliance and mattress business in Canada.  Sears Canada is
undergoing a reinvention, including new customer experiences at
every touchpoint, a new e-commerce platform, new store concepts,
and a new set of customer service principles designed to deliver
WOW experiences to customers.  Information can be found at
sears.ca/reinvention.  Sears Canada operates as a separate entity
from its U.S.-based co-founder, now known as Sears Holdings
Corporation, based in Illinois.

The Company's balance sheet as of April 29, 2017, showed total
assets of C$1.187 billion against total liabilities of C$1.107
billion.

Amid mounting losses and liquidity constraints Sears Canada and
certain of its subsidiaries on June 22, 2017, applied to the
Ontario Superior Court of Justice (Commercial List) for protection
under the Companies' Creditors Arrangement Act ("CCAA"), in order
to continue to restructure its business.

Sears Canada and its subsidiaries on June 22, 2017, were granted
an order (the "Initial Order") under the Companies' Creditors
Arrangement Act (the "CCAA").  Pursuant to the Initial Order, FTI
Consulting has been appointed Monitor.  Sears Canada and certain of
its subsidiaries have obtained orders from the Ontario Superior
Court of Justice (Commercial List) extending the stay period
provided by the Initial Order to Oct. 4, 2017, under the Companies'
Creditors Arrangement Act.

The Company has engaged BMO Capital Markets, as financial advisor,
and Osler, Hoskin & Harcourt LLP, as legal advisor.  The Board of
Directors and the Special Committee of the Board of Directors of
the Company has retained Bennett Jones LLP, as legal advisor.

FTI Consulting is the Court-appointed monitor.  The Monitor tapped
Norton Rose Fulbright Canada LLP as counsel.


SEARS CANADA: Stock Removed From NASDAQ Listing
-----------------------------------------------
The NASDAQ Stock Market LLC notified the Securities and Exchange
Commission regarding the removal from listing or registration of
Sears Canada Inc.'s common stock on the Exchange under Section
12(b) of the Securities Exchange Act of 1934.

                     About Sears Canada

Sears Canada Inc. is an independent Canadian digital and
store-based retailer and technology company whose head office is
based in Toronto.  Sears Canada's unique brand format offers
premium quality Sears Label products, designed and sourced by Sears
Canada, and of-the-moment fashion and home decor from designer
labels in The Cut @Sears.  Sears Canada also has a top ranked
appliance and mattress business in Canada.  Sears Canada is
undergoing a reinvention, including new customer experiences at
every touchpoint, a new e-commerce platform, new store concepts,
and a new set of customer service principles designed to deliver
WOW experiences to customers.  Information can be found at
sears.ca/reinvention.  Sears Canada operates as a separate entity
from its U.S.-based co-founder, now known as Sears Holdings
Corporation, based in Illinois.

The Company's balance sheet as of April 29, 2017, showed total
assets of C$1.187 billion against total liabilities of C$1.107
billion.

Amid mounting losses and liquidity constraints Sears Canada and
certain of its subsidiaries on June 22, 2017, applied to the
Ontario Superior Court of Justice (Commercial List) for protection
under the Companies' Creditors Arrangement Act ("CCAA"), in order
to continue to restructure its business.

Sears Canada and its subsidiaries on June 22, 2017, were granted
an order (the "Initial Order") under the Companies' Creditors
Arrangement Act (the "CCAA").  Pursuant to the Initial Order, FTI
Consulting has been appointed Monitor.  Sears Canada and certain of
its subsidiaries have obtained orders from the Ontario Superior
Court of Justice (Commercial List) extending the stay period
provided by the Initial Order to Oct. 4, 2017, under the Companies'
Creditors Arrangement Act.

The Company has engaged BMO Capital Markets, as financial advisor,
and Osler, Hoskin & Harcourt LLP, as legal advisor.  The Board of
Directors and the Special Committee of the Board of Directors of
the Company has retained Bennett Jones LLP, as legal advisor.

FTI Consulting is the Court-appointed monitor. The Monitor tapped
Norton Rose Fulbright Canada LLP as counsel.


SEATEQ CORPORATION: Case Summary & 17 Largest Unsecured Creditors
-----------------------------------------------------------------
Debtor: Seateq Corporation
        1 Avenue of the Palms #311
        San Francisco, CA 94130

Case No.: 17-30697

Type of Business: Founded in 1998, Seateq's line of business
                  includes the wholesale distribution of
                  transportation equipment and supplies.

                  Web site: http://www.seateq.com

Chapter 11 Petition Date: July 20, 2017

Court: United States Bankruptcy Court
       Northern District of California (San Francisco)

Judge: Hon. Hannah L. Blumenstiel

Debtor's Counsel: Matthew D. Metzger, Esq.
                  BELVEDERE LEGAL, PC
                  1777 Borel Pl. #314
                  San Mateo, CA 94402
                  Tel: (415)513-5980
                  E-mail: belvederelegalecf@gmail.com
                          info@belvederelegal.com

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Bjorn Ervell, chief executive officer.

The Debtor's list of 17 largest unsecured creditors is available
for free at http://bankrupt.com/misc/canb17-30697.pdf


SEMCRUDE L.P.: 3rd Cir. Affirms Ruling in Oil Producers' Case
-------------------------------------------------------------
William A. Wood III, Esq., Jason G. Cohen, Esq., and Shannon Wolf,
Esq., of Bracewell on July 21, 2017, disclosed that close to ten
years have passed since the filing of the chapter 11 cases of
Tulsa, Oklahoma-based SemCrude L.P., but last week, the Third
Circuit Court of Appeals affirmed a 2015 district court ruling that
resolved a dispute between oil producers and downstream purchasers
over the perfection and priority of interests in oil sold by
SemCrude L.P. and its affiliates.  The Third Circuit's holding in
In re SemCrude L.P., --- F.3d ---, 2017 WL 3045889 (3d Cir. July
19, 2017), affirmed the earlier bankruptcy and district court
rulings that the downstream purchasers took oil purchased from
SemGroup, free and clear of the oil producers' liens because the
purchasers were "buyers for value."  The Third Circuit's decision
serves as a stark warning for oil producers to not rely on
automatic perfection provisions of state law and take efforts to
put subsequent purchasers on actual notice.

SemGroup filed for chapter 11 in 2008.  SemGroup and its
subsidiaries provided midstream oil services whereby SemGroup
purchased oil from oil producers and resold that oil to downstream
purchasers.  SemGroup also traded oil futures with two of its
downstream purchasers in a trading strategy that ultimately led to
SemGroup's insolvency.  The downstream purchase agreements
provided, in relevant part, that in the case of default, the
downstream purchasers could offset the amounts owed to SemGroup by
the amount that the SemGroup owed the purchasers for the value of
outstanding futures trades.  At the time of SemGroup's filing, more
than a thousand oil producers were unpaid.  The offset feature of
the purchase agreements resulted in full recovery to the downstream
purchasers, however, the oil producers received only partial
payment in the plan of reorganization.

Unhappy with only a partial recovery under the plan, the oil
producers brought claims against the downstream purchasers under
theories of fraud, priority security interests under Texas and
Kansas laws, and implied trust under the Oklahoma Production
Revenue Standards Act ("PRSA").

The claims of security interests were entirely rejected by the
Court.  Texas and Kansas have enacted non-uniform Uniform
Commercial Codes with special provisions for owners such as oil
producers.  In Texas, interest owners have an
automatically-perfected security interest in oil produced and the
identifiable proceeds related thereto.  In Kansas, oil producers
are required to file an "affidavit of production" in order to
perfect their security interests in the oil.  In both
jurisdictions, the oil producers' lien extinguishes after the first
purchaser sells to a buyer in the ordinary course.

The oil producers had argued that, under the laws of Kansas and
Texas, they held automatically perfected security interests in all
oil sold to SemCrude and that the downstream purchasers took
subject to those security interests.  First, the Court held that
the oil producers had not perfected the security interests in
accordance with the local laws of Delaware and Oklahoma (where the
debtors, the first purchaser of the oil, reside).  Because Texas
and Kansas had adopted Article 9 of the U.C.C., it is the laws of
the jurisdiction of the debtor's location that "governs perfection,
the effect of perfection or nonperfection, and the priority of a
security interest in collateral."  U.C.C. 9-301(1).

Second, the Third Circuit held that the downstream purchasers
acquired the oil asset without any actual knowledge of the oil
producers' interests.  Because the downstream purchasers were
"buyers for value" or "buyers in the ordinary course" who acquired
the oil without any actual knowledge of the oil producers'
interests, the downstream purchasers acquired the oil free and
clear from any asserted security interest.  In short, although
Texas and Kansas state law appeared to afford oil producers
automatic protection of their security interests, the validity of
that security interest turned on perfection in the debtor's locale,
and the actual knowledge of the purchaser.

With respect to the oil producers' PRSA claim, the oil producers
asserted that they held an implied trust that traveled "perpetually
down the stream of commerce . . . [and] whoever possess the oil
does so for [the oil producers'] benefit." Under this theory, the
downstream purchaser, as alleged trustee, has legal obligations to
the oil producer.  The Third Circuit, like the bankruptcy and
district courts before it, rebuffed the oil purchasers, holding
that "this interpretation simply fails the text of the statute" and
that "whatever duties PRSA creates, they do not apply to downstream
purchasers."  

Appellant oil producers' fraud claims hinged on the theory that the
downstream purchasers aided and abetted the debtors who allegedly
purchased oil without the intention of paying for it.  This claim
was flatly rejected by the rulings of the bankruptcy and district
court, and the Third Circuit found no hallmarks of fraud.  Rather,
the Third Circuit observed that there existed no evidence that
SemGroup "ever intended to avoid paying for oil" or that the
downstream purchasers conspired with SemGroup.

In closing, the Court observed that the oil producers
"theoretically could have perfected their security interests,
traced those interests in the oil that extended to their accounts
receivable, and forbade SemGroup from using those accounts as
margin collateral for their options trades."  However, having
failed to take those steps, the oil producers could not look to
parties like the downstream purchasers "who took precautions
against insolvency . . . [to] act as insurers to those who took
none."  The effect of any other finding "would be chaos."

                       About SemGroup L.P.

SemGroup, L.P. -- http://www.semgrouplp.com/-- is a midstream
service company that provides diversified services for end users
and consumers of crude oil, natural gas, natural gas liquids and
refined products.  Services include purchasing, selling,
processing, transporting, terminalling and storing energy.
SemGroup serves customers in the United States, Canada, Mexico and
Wales.

SemGroup L.P. and its debtor-affiliates filed for Chapter 11
protection (Bankr. D. Del. Case No. 08-11525) on July 22, 2008.
John H. Knight, Esq., L. Katherine Good, Esq. and Mark D. Collins,
Esq., at Richards Layton & Finger; Harvey R. Miller, Esq., Michael
P. Kessler, Esq., and Sherri L. Toub, Esq., at Weil, Gotshal &
Manges LLP; and Martin A. Sosland, Esq., and Sylvia A. Mayer, Esq.,
at Weil Gotshal & Manges LLP, represented the Debtors in their
restructuring efforts.  Kurtzman Carson Consultants L.L.C. served
as the Debtors' claims agent.  The Blackstone Group
L.P. and A.P. Services LLC acted as the Debtors' financial
advisors.

Margot B. Schonholtz, Esq., and Scott D. Talmadge, Esq., at Kaye
Scholer LLP; and Laurie Selber Silverstein, Esq., at Potter
Anderson & Corroon LLP, represented the Debtors' prepetition
lenders.

SemGroup L.P.'s affiliates, SemCAMS ULC and SemCanada Crude
Company, sought protection under the Companies' Creditors
Arrangement Act (Canada) on July 22, 2008.  Ernst & Young, Inc., is
the appointed monitor of SemCanada Crude Company and its
affiliates' reorganization proceedings before the Canadian
Companies' Creditors Arrangement Act.

SemGroup LP won confirmation from the Bankruptcy Court of its
Fourth Amended Plan of Reorganization on Oct. 28, 2008.  The Plan,
which distributed more than $2.5 billion in value to
stakeholders, was declared effective on Nov. 30, 2008.

As part of the Plan, the Reorganized Debtors entered into two new
credit facilities aggregating $625 million in financing; entered
into a $300 million Second Lien Term Facility; created a new
corporate structure, including issuing shares of common stock and
warrants; and distributed approximately $500 million of cash and
approximately $1 billion in value of new common stock and warrants
to thousands of creditors in accordance with the Plan.


SERO TRANSPORT: Plan Confirmation Hearing on Aug. 17
----------------------------------------------------
The Hon. Lisa Ritchey Craig of the U.S. Bankruptcy Court for the
Northern District of Georgia has conditionally approved Sero
Transport Inc.'s amended disclosure statement dated July 12, 2017,
referring to the Debtor's Chapter 11 plan.

The hearing to consider the final approval of the Amended
Disclosure Statement and plan confirmation is set for Aug. 17,
2017, at 1:30 p.m.

Objections to the final approval of the Amended Disclosure
Statement must be filed by Aug. 9, 2017.  Aug. 9 is also the last
day for filing written acceptances or rejections of the Plan.

Under the Plan, Class 4 Claims will consist of all amounts due and
owing by Debtor on unsecured debts including contracts, guaranties,
notes or accounts.  The Debtor will pay holders of allowed
unsecured claims their pro-rata share of the Debtor's disposable
income for the 60 months following the Effective Date of the Plan.
The Debtor proposes to pay 40% to Class 4 in quarterly payments.

Distributions to unsecured creditors in Class 4 will be paid
directly by Debtor, on the first date of each fiscal quarter,
except for amounts less than $50, which will be paid semiannually
on Jan. 1 and July 1 each year.  As a convenience, any unsecured
creditors (other than insiders) who are due less than $500 can be
paid in full at anytime.

The Debtor will satisfy all claims from the business revenue and
the sale of business assets to the extent required.  It is
anticipated that the two business locations will produce sufficient
net proceeds to fund the Plan and yield resulting payments on the
outstanding loans.

The Plan provides that Debtor will act as the Disbursing Agent to
make payments under the Plan unless Debtor appoints some other
person or entity to do so.  The Debtor may maintain bank accounts
under the confirmed Plan in the ordinary course of business.  The
Debtor may also pay ordinary and necessary expenses of
administration of the Plan in due course.

A copy of the Amended Disclosure Statement is available at:

          http://bankrupt.com/misc/ganb17-57062-45.pdf

                      About Sero Transport

Sero Transport Inc. filed a Chapter 11 bankruptcy petition (Bankr.
N.D. Ga. Case No. 17-57062) on April19, 2017.  Howard P. Slomka,
Esq., at Slipakoff and Slomka PC serves as bankruptcy counsel.

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


SKY HARBOR: Files Chapter 11 Plan of Liquidation
------------------------------------------------
Sky Harbor Hotel Properties, LLC, filed with the U.S. Bankruptcy
Court for the District of Arizona a disclosure statement in support
of its plan of liquidation, dated July 14, 2017.

Class 3 under the liquidation plan is consists of the allowed
unsecured claims. Holders of Class 3 Allowed Unsecured Claims will
be paid pro rata from the Net Proceeds received by the Reorganized
Debtor from the Sale of the Debtor's property located South of the
SWC of 48th Street and University Dr. It is anticipated that the
Sale will generate sufficient funds to pay all Allowed Unsecured
Claims in full. Class 3 Unsecured Claims are not impaired and
holders of Class 3 Allowed Unsecured Claims will not be entitled to
vote to accept or reject the Plan.

The property will be sold pursuant to the Plan and the holders of
Allowed Claims will be paid from the Net Proceeds of the Sale. The
Debtor will be dissolved upon distribution of the Net Proceeds.

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

     http://bankrupt.com/misc/azb2-17-08082-7.pdf

Headquartered in Tempe, Arizona,  Sky Harbor Hotel Properties, LLC
filed for Chapter 11 bankruptcy protection (Bankr. D. Ariz. Case
No. 17-08082) on July 14, 2017, listing its total assets at $1.64
million and total liabilities at $900,728. The petition was signed
by Shane Kuber of SKK, LLC, manager of the
Debtor.


SPECTRUM HEALTHCARE: Has Interim Nod to Continue Using Cash
-----------------------------------------------------------
The Hon. James J. Tancredi of the U.S. Bankruptcy Court for the
District of Connecticut has entered an eleventh order authorizing,
in part, Spectrum Healthcare LLC, and its debtor-affiliates to use
cash collateral of MidCap Funding IV LLC, as assignee of MidCap
Financial, LLC, CCP Finance I, LLC, as assignee of Nationwide
Health Properties, LLC, as lender under the NHP Loan, CCP Park
Place 7541 LLC and CCP Torrington 7542 LLC as agents for NHP with
respect to the NHP Lease, Love Funding Corporation, the Secretary
of Housing and Urban Development as additional secured party with
LFC, and the State of Connecticut Department of Revenue Services.

A hearing to consider the continued use of cash collateral will be
held on July 26, 2017, at 11:00 a.m.

The Debtors are authorized to pay only their current expenses as
reflected in the budget, which will include payment of $10,000 per
week of rent or use-and-occupancy to the CCP Landlords; provided,
however, that:

     a. Spectrum Manchester Realty or its assignee, MidCap, as the

        case may be, and the CCP Landlords reserve the right to
        assert any accrued but unpaid rent or other lease
        obligations owed or to become owed to them, respectively,
        as administrative expense claims.  The administrative rent

        claims will be subordinate to any unpaid, non-professional

        administrative expenses at the conclusion of the sale
        process contemplated by the court order or any wind down
        process that may occur in these cases, except, as to the
        subordination, to the extent of $6,000 per week of rent
        for each of the CCP Landlords and Spectrum Manchester
        Realty or its assignee, MidCap, as the case may be,
        starting as of Jan. 13, 2017; and

     b. (i) the Administrative Rent Claims will only be payable
        upon further order of the Court to the extent that funds
        are available to pay the Administrative Rent Claims; and
        (ii) nothing herein will affect any rights of the CCP
        Landlords, Spectrum Manchester Realty or its assignee,
        Midcap, or any other party, under Section 365(d)(4) of the

        U.S. Bankruptcy Code.  

If the payment of any line item in the Budget is more than 5% of
the budgeted item or the item is not included in the Budget, then
in that event, the Debtors will not pay same unless this procedure
is followed: the Debtors will notify by fax or e-mail the Secured
Parties and each Secured Party's counsel of the item to be paid and
an explanation; if no objection is received by the Debtors from any
of the Secured Parties or any Secured Party's counsel within one
business day from receipt of notice, their consent will be deemed
to be given for the expenditure.  If any of the Secured Parties do
object, then in that event, a conference will be set up before the
Court or other person as designated by the Court to resolve the
objection and its decision will be binding.  

The Debtors will provide and make available to Secured Parties and
each Secured Party's counsel any and all reports, income statements
and balance sheets within 30 days after the end of the month,
weekly cash reports showing inflows and outflows in reasonable
detail, budgets, occupancy rates per facility on a weekly and
monthly basis, payroll and tax information per facility any other
reasonable requests for financial or operational information.  Each
Friday at noon (Eastern), starting April 7, 2017, and without prior
request from any Secured Party or the Committee, the Debtors shall
provide to the Secured Parties and each Secured Party's counsel and
the Committee a written reconciliation showing actual receipts and
disbursements for the preceding week compared with the Budget.  In
addition, the Debtors will provide to the Secured Parties and each
Secured Party's counsel and the Committee accounts payable reports
on a monthly basis no later than the 20th day of the month
following the month to be reported.  All requested information will
be sent via e-mail to counsel for Secured Parties within two
business days after the request is made.  For the avoidance of
doubt, all notices required to be given to a Secured Party pursuant
to this Order will also be given simultaneously to such Secured
Party's counsel.

All collections (whether paid by wire or check) will continue to be
paid into the Collection Accounts.  The funds in the Collection
Accounts will be swept, each business day, into the Payment
Accounts.  The Funds will continue to constitute Cash Collateral
and will not be applied by MidCap to the Revolver.  The Funds will
be promptly (within two business days) remitted to the Debtors'
operating accounts for use in connection with their operations.

The Debtors will be authorized to adequately protect Secured
Parties by (a) granting to them replacement liens on the Collection
Accounts and the debtor-in-possession accounts of the Debtors, nunc
pro tunc to the Petition Date, subject to the Exclusion and
Carve-Out as contained herein, to the same extent (if any) and with
the same validity, enforceability and priority as the MidCap
Prepetition Liens, the NHP Prepetition Liens, the CCP Landlords'
Prepetition Liens and the LFC Prepetition Liens had against the
Debtors' deposit accounts and other assets prior to the Petition
Date, and (b) making weekly adequate protection payments of $5,000
to Midcap beginning Jan. 20, 2017, and continuing weekly through
the duration of the court order.  The payments to be made will be
applied to the principal of the MidCap Prepetition Obligations, but
may be recharacterized as payments of interest (along with
reasonable fees, costs, or other charges provided for under the
Aug. 27, 2014 Credit and Security Agreement and the Spectrum Derby
June 13, 2013 Credit and Security Agreement and the other Financing
Documents, as defined in each of the Aug. 27, 2014 Credit and
Security Agreement and the Spectrum Derby June 13, 2013 Credit and
Security Agreement) in the event it is determined that MidCap is an
oversecured creditor, in accordance with Section 506(b) of the
Bankruptcy Code.  

Excluded from the liens and interests held by the Secured Creditors
in property of the Debtors' bankruptcy estates, including any
replacement lien granted by the court order will be (i) any lien on
or interest in the Debtors' claims, causes of claim or proceeds
from avoidance actions under Sections 544, 545, 547, 548, 549 and
553 of the Bankruptcy Code and (ii) a carve-out for payment of the
Debtors' professional fees in the amount of $260,000 and for
payment of the professionals of any Committee appointed in the
bankruptcy cases in the amount of $75,000.  

The Secured Parties are granted an additional replacement lien in
Cash Collateral, Accounts including health-care insurance
receivables and governmental healthcare receivables and all
proceeds thereof whether deposited in the Collections Accounts, any
payment account or elsewhere, and other collateral in which each of
the Secured Parties held a security interest pre-petition, whether
acquired before or after the Petition Date, whether now owned or
hereafter acquired, created or arising, and all product and
proceeds thereof, to the extent of any diminution of the value of
the prepetition security interest, tax lien or setoff or recoupment
rights the Secured Parties may claim in the Cash Collateral
Accounts or other collateral for the MidCap Prepetition
Obligations, the NHP Prepetition Obligations, the CCP Landlords'
Prepetition Obligations or the LFC Prepetition Obligations (whether
by setoff, or security interest or tax warrant, or otherwise),
arising out of the use of the accounts and proceeds by Debtors
pursuant to the court order.  To the extent the adequate protection
provided to MidCap, the CCP Landlords, as agents for NHP, or CCP
Finance proves to be inadequate and the inadequacy gives rise to a
claim allowable under Section 507(a)(2) of the
Bankruptcy Code, the claim will constitute an allowed
administrative expense claim against each of the Debtors on a joint
and several basis with priority over all other administrative
claims in the bankruptcy cases.

A copy of the court order is available at:

         http://bankrupt.com/misc/ctb16-21635-468.pdf

As reported by the Troubled Company Reporter on July 7, 2017, the
Court previously entered a tenth order authorizing the use of cash
collateral.  The Debtors were authorized to pay only their current
expenses as reflected in the budget for the period July 2, 2017,
until July 15, 2017.

                    About Spectrum Healthcare

Spectrum Healthcare, LLC, and its affiliates sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. D. Conn. Case Nos.
16-21635 to 16-21639) on Oct. 6, 2016.  The petitions were signed
by Sean Murphy, chief financial officer.

The Debtors are represented by Elizabeth J. Austin, Esq., Irve J.
Goldman, Esq., and Jessica Grossarth, Esq., at Pullman & Comley,
LLC. Blum, Shapiro & Co., P.C. serves as their accountant and
financial advisor.

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

                                          Total        Estimated
                                          Assets      Liabilities
                                        ----------    -----------
Spectrum Healthcare                     $282,369      $500K-$1M
Spectrum Healthcare Derby               $2,068,467      $1M-$10M
Spectrum Healthcare Hartford            $4,188,568        N/A
Spectrum Healthcare Manchester, LLC     $2,729,410        N/A
Spectrum Healthcare Torrington, LLC     $3,321,626        N/A

Spectrum Healthcare and its affiliates previously filed Chapter 11
petitions (Bankr. D. Conn. Case No. 12-22206) on Sept. 10, 2012.

William K. Harrington, the U.S. Trustee for the District of
Connecticut, appointed Nancy Shaffer, M.A., a member of the
Connecticut Long Term Care Ombudsman's Office, as the Patient Care
Ombudsman for Spectrum Healthcare Derby, LLC, Spectrum Healthcare
Hartford, LLC, Spectrum Healthcare Manchester, LLC, and Spectrum
Healthcare Torrington, LLC.


STEVE'S FROZEN: Hearing on Plan Disclosures Set for Aug. 23
-----------------------------------------------------------
The Hon. Erik P. Kimball of the U.S. Bankruptcy Court for the
Southern District of Florida has scheduled for Aug. 23, 2017, at
2:00 p.m. a hearing to consider the approval of Steve's Frozen
Chillers, Inc.'s disclosure statement dated July 11, 2017,
referring to the Debtor's plan of reorganization.

Objections to the Disclosure Statement must be filed by Aug. 16,
2017.

                  About Steve's Frozen Chillers

Founded in 2001, Steve's Frozen Chillers, Inc. --
http://stevesfrozenchillers.com/-- offers more than 20 flavors of

frozen drink mixes, both for alcoholic drinks and non-alcoholic,
including frozen cappuccinos, frozen energy drinks and skinny iced
coffee.  In 2016, the Company recorded gross revenue of $2.56
million compared to gross revenue of $3.09 million in 2015.

Steve's Frozen Chillers, Inc., filed a Chapter 11 petition (Bankr.
S.D. Fla. Case No. 17-13690) on March 27, 2017.  The petition was
signed by Steven D Schoenberg, CEO.  At the time of filing, the
Debtor had $744,658 in assets and $1.94 million in liabilities.

The case is assigned to Judge Erik P. Kimball.  

Angelo A. Gasparri, Esq., at the Law Office of Angelo A. Gasparri,
is serving as bankruptcy counsel to the Debtor.


SULLIVAN VINEYARDS: To Pay Unsecureds in 2 Semiannual Installments
------------------------------------------------------------------
Sullivan Vineyards Corp. and Sullivan Vineyards Partnership filed
their latest joint Chapter 11 plan of reorganization, which
contains changes to the proposed treatment of general unsecured
claims.

Under the latest plan, creditors holding Class 4 general unsecured
claims against SVP will be paid in full via two semiannual
installments.  Meanwhile, the latest plan proposes to pay in full
creditors holding Class 5 general unsecured claims against SVC via
six semiannual installments, according to the latest disclosure
statement filed with the U.S. Bankruptcy Court for the Northern
District of California.

An earlier version of the plan proposed to pay general unsecured
creditors of both companies via 10 semiannual installments.

A copy of the latest disclosure statement is available for free at
https://is.gd/K2oUTh

                    About Sullivan Vineyards

Sullivan Vineyards Corporation filed a Chapter 11 petition (Bankr.
N.D. Cal. Case No. 17-10065), on Feb. 1, 2017.  The petition was
signed by Ross Sullivan, CEO.  The Debtor is represented by Steven
M. Olson, Esq., at the Law Office of Steven M. Olson.  The case is
assigned to Judge Alan Jaroslovsky.  The Debtor estimated assets at
$1 million to $10 million and liabilities at $10 million to $50
million at the time of the filing.

Sullivan Vineyards Partnership sought protection under Chapter 11
of the Bankruptcy Code (Bankr. N.D. Calif., Case No. 17-10067) on
Feb. 2, 2017.  The petition was signed by Ross Sullivan, general
partner.  The case is assigned to Judge Alan Jaroslovsky.

At the time of the filing, the Debtor disclosed $18.99 million in
assets and $14.27 million in liabilities.   

On March 2, 2017, the Debtors filed a joint Chapter 11 plan of
reorganization and disclosure statement.


TESORO CORP: Moody's Hikes Senior Unsecured Rating From Ba1
-----------------------------------------------------------
Moody's Investors Service upgraded Tesoro Corporation to investment
grade, raising its senior unsecured rating to Baa3 from Ba1.
Moody's also withdrew Tesoro's Corporate Family Rating, Probability
of Default Rating, and Speculative Grade Liquidity rating. The
rating outlook was changed to stable from positive.

"The upgrade acknowledges Tesoro's commitment to maintain credit
metrics and financial philosophy appropriate for the investment
grade Baa3 rating as it integrates newly acquired Western Refining
assets," commented Arvinder Saluja, Moody's Vice President. "While
Moody's anticipates Tesoro will continue dropping assets into
Tesoro Logistics and buying back shares, Moody's expects any change
in business profile or capitalization will be handled prudently to
maintain Tesoro's credit quality."

Issuer: Tesoro Corporation

Upgrades:

-- Senior Unsecured Regular Bond/Debentures, Upgraded to Baa3
    from Ba1 (LGD 4)

Withdrawals:

-- Probability of Default Rating, Withdrawn , previously rated
    Ba1-PD

-- Speculative Grade Liquidity Rating, previously rated SGL-1

-- Corporate Family Rating, Withdrawn , previously rated Ba1

Outlook Actions:

Issuer: Tesoro Corporation

-- Outlook, Changed To Stable From Positive

RATINGS RATIONALE

Tesoro's Baa3 unsecured rating reflects its large and diversified
refining portfolio focused on the US West Coast and Midcontinent
region, with meaningful logistics and retail assets that are well
integrated into its refining system. Tesoro has moved over time
towards a more conservative and balanced financial policy
consistent with an investment grade rating, including targeting
consolidated leverage on a mid-cycle basis of 2.5x. On June 1,
2017, Tesoro completed the acquisition of Western Refining, Inc.
(WNR) and its subsidiary, Northern Tier Energy, LLC (NTI). Moody's
expects that Tesoro will be successful integrating the newly
acquired refining entities and benefitting from its improved
geographic and asset footprint. Tesoro's distributions from Tesoro
Logistics LP (TLLP, Ba2 positive) have become meaningful as TLLP
has grown.

The ratings are restrained by the company's relatively high
earnings volatility due to the inherent cyclicality of the refining
sector. The rating also reflects the degree of management's
shareholder return focus, limited debt reduction opportunities as
sector conditions remain weak, expected growth of its midstream
business, and ongoing shareholder payouts. Tesoro has significant
crude distillation capacity concentrated in California, where it
faces a strict regulatory environment despite the West Coast crack
spreads which Moody's expects will be more favorable in 2017
relative to elsewhere in the US.

The acquisition of WNR is credit positive despite the modest
increase in leverage. Moody's expects Tesoro's consolidated debt to
EBITDA to remain under 2.75x in 2017, although weakness in crack
spreads is likely to continue. The acquisition provides strategic
benefits, including increased scale and crude sourcing advantages,
exposure to PADD II and PADD III markets with associated logistics
assets serving existing WNR refineries, and a potentially material
amount of commercial, operational, and financial synergies.
Nonetheless, the achievement of synergies would not be immediate
and entails integration and execution risk in a volatile
environment for refining margins and crude prices.

Tesoro should have a good liquidity profile, based on the company's
expected free cash flow generation through 2018 and healthy cash
balances. Pro forma for the WNR acquisition, as of March 31, 2017,
Tesoro had $2.4 billion in cash (excluding cash at the midstream
MLPs). The company has nearly full availability under its $3
billion unsecured revolving credit facility due September 2020. The
revolver has one covenant, a net debt/capitalization of under 60%.
The company is expected to easily comply with this covenant for the
foreseeable future. Availability under the revolver is not subject
to borrowing base redeterminations. Tesoro has an ongoing annual
dividend, which is likely to increase following the close of the
mostly-stock acquisition of WNR. In addition, Tesoro has increased
its share repurchase program authorization to $2 billion. Tesoro's
next upcoming debt maturity is October 1, 2017 when $450 million of
unsecured notes come due.

The stable outlook reflects Moody's assumption that Tesoro will
maintain credit metrics supportive of an investment grade rating,
despite weaker sector conditions, and that share buybacks will be
funded using free cash flow.

An upgrade of Tesoro is unlikely in the near term. If the company
grows through acquisitions and meaningfully increases its asset
diversity, while maintaining a conservative financial profile and a
strong business profile, an upgrade could be considered. The
ratings could be downgraded if its strategy and financial policies
were to become less conservative, or if leverage increases
(resulting in retained cash flow to debt sustained below 10%,
outside of a short term cyclical low). Tesoro's ratings could also
be negatively impacted if the WNR integration leads to material
operational disruptions.

Tesoro Corporation is an independent US refining and marketing
company headquartered in San Antonio, Texas.

The principal methodology used in these ratings was Refining and
Marketing Industry published in November 2016.


TOTAL OFFICE: Has Court's Final OK to Use Cash Collateral
---------------------------------------------------------
The Hon. Paul M. Glenn of the U.S. Bankruptcy Court for the Middle
District of Florida has entered a final order authorizing Total
Office Solutions-GSA, Inc., to use cash collateral to pay only: (a)
the current and necessary expenses for the maintenance and
preservation of the properties secured by the lien of the creditor
and not any prepetition expenses, salaries, professional fees or
insiders without further order of the Court; and (b) additional
amounts as may be expressly approved in writing by Fidelity Bank.

The authorization will continue until further order of the Court.

Each secured creditor with a security interest in cash collateral
will have a perfected post-petition lien against all cash
collateral, cash, rents, accounts receivable, or proceeds thereof,
to the same extent and with the same validity and priority as the
prepetition lien, without the need to file or execute any document
as may otherwise be required under applicable non-bankruptcy law.

As adequate protection for the Debtor's continued use of Secured
Creditor's cash collateral, the Debtor will make monthly payments
in the sum of $7,762.91 to Secured Creditor in certified funds no
later than the 5th day of each month during the term of the court
order.

In the event of a default by the Debtor under the terms of the
court order, the Secured Creditor will file an affidavit of default
stating that a default has occurred and serve the affidavit on the
Debtor's counsel.  Upon filing of the affidavit of default, the
Court will set the Secured Creditor's amended motion to convert the
Debtor's Chapter 11 case to a Chapter 7 case, or in the
alternative, motion to dismiss.

A copy of the court order is available at:

           http://bankrupt.com/misc/flmb17-01830-63.pdf

As reported by the Troubled Company Reporter on May 30, 2017, the
Debtor filed with the Court an emergency motion to use cash
collateral to fund all necessary operating expenses of the Debtor's
business.  

                   About Total Office Solutions

Based in Jacksonville, Florida, Total Office Solutions, Inc., is in
the business of creating highly efficient, resourceful and
motivating workplaces for businesses.  TOS claims to offers some of
the most advanced office furniture, healthcare furniture,
educational furniture, and government furniture products on the
market.

Total Office Solutions sought Chapter 11 bankruptcy protection
(Bankr. M.D. Fla. Case No. 17-01830) on May 19, 2017, disclosing
$2.33 million in assets and $1.59 million in liabilities.  Thomas
C. Adam, Esq., at Adam Law Group, serves as counsel to the Debtor.


TRINIDAD DRILLING: Moody's Alters Outlook to Stable & Affirms CFR
-----------------------------------------------------------------
Moody's Investors Service affirmed Trinidad Drilling Ltd.'s B3
Corporate Family Rating (CFR), B3-PD Probability of Default Rating,
Caa1 senior unsecured notes rating and SGL-3 Speculative Grade
Liquidity Rating. Moody's also changed Trinidad's outlook to stable
from negative.

"Trinidad's change in outlook reflects improved credit metrics in
2017 driven by increasing drilling activity and reduced debt
levels," said Paresh Chari, Moody's Assistant Vice President.
"EBITDA in 2017 and 2018 will remain steady due to better pricing
and utilization that offsets high margin contracts that are rolling
off."

Outlook Actions:

Issuer: Trinidad Drilling Ltd.

-- Outlook, Changed To Stable From Negative

Affirmations:

Issuer: Trinidad Drilling Ltd.

-- Probability of Default Rating, Affirmed B3-PD

-- Speculative Grade Liquidity Rating, Affirmed SGL-3

-- Corporate Family Rating, Affirmed B3

-- Senior Unsecured Regular Bond/Debenture, Affirmed Caa1(LGD4)

RATINGS RATIONALE

Trinidad's B3 CFR reflects its relatively small size in the North
American oil & gas land drilling sector, significant exposure to
weak North American land drilling spot prices, relative lack of
ultra-high specification rigs, and material negative free cash flow
driven by a rig upgrade capital program. In 2018, Trinidad will
have a greater exposure to the spot market with eight rigs rolling
off contract, leading to greater uncertainty and visibility for
earnings in 2018. The rating also considers the company's
geographic diversity and Moody's expectation of solid debt to
EBITDA of about 4.5x and EBITDA to interest of 3x in 2017 and 2018,
which includes EBITDA from its international joint venture with
Halliburton (Baa1 stable).

Trinidad has adequate liquidity (SGL-3). As of March 31, 2017,
Trinidad had C$13 million of cash and roughly C$200 million
available under its C$230 million revolving credit facilities due
December 2018, which is comprised of C$100 million and US$100
million tranches. Moody's expects negative free cash flow of about
C$60 million through mid-2018, which will largely be funded under
the revolver. Moody's expects Trinidad to be in compliance with its
two financial covenants through this period. Alternate liquidity is
limited given that substantially all of the company's assets are
pledged under the revolver and there is limited market interest in
land drilling rigs currently.

In accordance with Moody's Loss Given Default (LGD) Methodology,
the notching of the senior unsecured notes at Caa1, one notch below
the B3 CFR, reflects the priority ranking secured credit facility
in the capital structure.

The stable outlook reflects Moody's expectation that leverage and
interest coverage will remain steady through 2018.

The ratings could be upgraded if Trinidad can execute on its rig
upgrade program and high grade its rig fleet, while maintaining
debt to EBITDA below 5x and EBITDA to interest above 2.5x,
inclusive of the EBITDA from the Halliburton joint venture.

The ratings could be downgraded if liquidity weakens, debt to
EBITDA appears likely to remain above 7x and EBITDA to interest
remains below 1.5x, inclusive of the EBITDA from the Halliburton
joint venture.

Trinidad, based in Calgary Alberta, provides land drilling services
primarily to North American exploration and production companies.
Trinidad also has eight rigs under a joint venture agreement with
Halliburton that are currently in Saudi Arabia and Mexico.

The principal methodology used in these ratings was Global Oilfield
Services Industry Rating Methodology published in May 2017.


TRITON AVIATION: Claims Filing Deadline Set for October 5
---------------------------------------------------------
The Court of Chancery of the State of Delaware set Oct. 5, 2017, at
5:00 p.m. (prevailing Eastern Time) as the deadline for each person
or entity to file proofs of claim against Triton Aviation Finance
LLC et al.  All proofs of claim must be filed by first-class mail,
hand delivery or overnight courier at:

   Triton Aviation Finance
   c/o Latham & Watkins LLP
   330 North Wabash Avenue, Suite 2800
   Chicago, IL 60611


UTE MESA LOT 2: 999 Ute Avenue Taps Shumaker as Legal Counsel
-------------------------------------------------------------
999 Ute Avenue, LLC and 1001 UTE Avenue Homeowners Association have
filed separate applications seeking approval from the U.S.
Bankruptcy Court in Colorado to hire legal counsel.

In their applications, the Debtors propose to employ Shumaker, Loop
& Kendrick, LLP to, among other things, give legal advice regarding
their duties under the Bankruptcy Code, and assist in the
preparation of a plan of reorganization.

The firm will receive a retainer in the amount of $25,000, plus the
filing fees.

Steven Berman, Esq., the attorney who will be handling the cases,
disclosed in a court filing that no attorney in his firm represents
any interest adverse to the Debtors or their estates.

Shumaker can be reached through:

     Steven M. Berman, Esq.
     Shumaker, Loop & Kendrick, LLP
     101 E. Kennedy Blvd., Suite 2800
     Tampa, FL 33602
     Phone: (813) 229-7600
     Fax: (813) 229-1660
     Email: sberman@slk-law.com

                    About Ute Mesa Lot 2 LLC

Based in Aspen, Colorado, Ute Mesa Lot 2, LLC is a single asset
real estate as defined in 11 U.S.C. Section 101(51B).  It owns real
property located within the Ute Avenue Subdivision, in Aspen,
Colorado.  

Ute Mesa sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. D. Colo. Case No. 17-16194) on July 6, 2017.  Leathem
Stearn, manager, signed the petition.  

At the time of the filing, Ute Mesa disclosed that it had estimated
assets and liabilities of $10 million to $50 million.  

On July 11, 2017, 999 Ute Avenue, LLC and 1001 UTE Avenue
Homeowners Association filed Chapter 11 petitions (Bankr.
D. Colo. Case Nos. 17-16391 and 17-16395).  The cases are jointly
administered with that of Ute Mesa Lot 2, LLC under Case No.
17-16194.

999 Ute Avenue also owns real property within the Ute Avenue
Subdivision.  1001 UTE Avenue Homeowners Association is the
homeowners association for the subdivision.

At the time of the filing, 999 Ute Avenue disclosed that it had
estimated assets of less than $1 million and liabilities of less
than $100,000.  1001 UTE Avenue estimated assets and liabilities of
less than $100,000.


VANGUARD NATURAL: Amended Plan Okayed, Sees Aug. 1 Chapter 11 Exit
------------------------------------------------------------------
Vanguard Natural Resources, LLC (OTC: VNRSQ) said the United States
Bankruptcy Court for the Southern District of Texas has entered an
order confirming the Debtors' Modified Second Amended Joint Plan of
Reorganization Under Chapter 11 of the Bankruptcy Code.  The
Company expects that the effective date of the Plan will be August
1, 2017.  Following the Effective Date, the Company expects to be
reorganized as a Delaware corporation named Vanguard Natural
Resources, Inc.

The Plan provides for the reorganization of the Company and certain
subsidiaries as a going concern and will significantly reduce
long-term debt and annual interest payments of the reorganized
Debtors. Among other things, the Plan provides for:

     * a backstopped rights offering, with subscriptions for an
       aggregate of $255.75 million of new common stock of the
       Company ("New Common Stock")

     * a fully committed $19.25 million equity investment from
       the Company's second lien investors for shares of New
       Common Stock;

     * a full recovery for each lender under the Company's
       existing revolving credit facility, consisting of (i) cash
       interest, (ii) cash in the amount of its pro rata share of
       the proceeds from the sale of the Glasscock County assets,
       (iii) as applicable, its pro rata share of a repayment of
       a portion of the borrowings outstanding under the
       Company's revolving credit facility and (iv) as
       applicable, its pro rata share of new revolving loans
       and/or term loans;

     * the issuance of approximately $78 million of new second
       lien notes to the holders of the Company's existing second
       lien notes, plus accrued and unpaid postpetition interest
       through the Effective Date;

     * cash payments to general unsecured creditors for their pro
       rata shares of a reserved cash pool;

     * the issuance of shares of New Common Stock to holders of
       the Company's senior notes;

     * the issuance to the Company's preferred unitholders of
       such holders' pro rata share of (i) New Common Stock and
       (ii) warrants to purchase additional shares of New Common
       Stock at a strike price of $44.25; and

     * the issuance to the Company's common unitholders of such
       holders' pro rata share of warrants to purchase shares of
       New Common Stock at a strike price of $61.45.  The warrant
       strike prices were calculated based on the Company's plan
       equity value of $20.00 per share of New Common Stock,
       which the Bankruptcy Court confirmed as part of the Plan.

Pursuant to the Plan, each of the Company's equity securities
outstanding immediately before the Effective Date (including any
options and warrants to purchase such securities) will be canceled
and of no further force or effect after the Effective Date.  As of
May 5, 2017, the Company's outstanding equity securities included:

      130,929,399 common units;

        2,581,873 7.875% Series A Cumulative Redeemable Perpetual
                  Preferred Units;

        7,000,000 7.625% Series B Cumulative Redeemable Perpetual
                  Preferred Units; and

        4,300,000 7.75% Series C Cumulative Redeemable Perpetual
                  Preferred Units.

Under the Plan, the Debtors' new organizational documents will
become effective on the Effective Date. The reorganized parent's
new organizational documents will authorize the company to issue
new equity, certain of which will be issued to holders of allowed
claims pursuant to the Plan on the Effective Date. In addition, on
the Effective Date, the Company will enter into a registration
rights agreement with certain equityholders.

Pursuant to the Plan, the Company will sell all of its assets to a
corporation -- Acquiring Corporation -- owned by those parties
participating in the rights offering and the second lien lenders in
exchange for the assumption of the Company's first lien debt, the
assumption of the Company's second lien debt, a cash payment from
the Acquiring Corporation, New Common Stock of the Acquiring
Corporation and warrants to acquire New Common Stock of the
Acquiring Corporation.  Upon consummation of the transaction, the
Company expects that the Company will recognize both cancellation
of indebtedness income and a net loss on the sale of all of its
assets.

Based on the Company's total enterprise value of $1.425 billion as
stated in the Plan, the Company expects that there will be
cancellation of indebtedness income allocated to the holders of the
common units of the Company who are holders of record on the
consummation date of the Plan in the amount of approximately $3.32
per common unit. In addition, the Company expects a net taxable
loss will be allocated to the holders of the common units who are
holders of record on the consummation date of the Plan.  

A copy of the Debtors' Modified Second Amended Joint Plan is
available at https://is.gd/K9usdj

A copy of the Court's confirmation Order is available at
https://is.gd/xpT1Yw

In a Current Report on Form 8-K filed with the Securities and
Exchange Commission on July 19, the Company has furnished
preliminary unaudited consolidated financial information for the
three months and six months ended June 30, 2017 and updated
projections for income and loss due to cancellation of indebtedness
income.  A copy of the financial information is available at
https://is.gd/AxU1Xz

                 About Vanguard Natural Resources

Vanguard Natural Resources, LLC (OTC: VNRSQ) --
http://www.vnrllc.com/-- is a publicly traded limited liability
company focused on the acquisition, production and development of
oil and natural gas properties.  Vanguard's assets consist
primarily of producing and non-producing oil and natural gas
reserves located in the Green River Basin in Wyoming, the Permian
Basin in West Texas and New Mexico, the Gulf Coast Basin in Texas,
Louisiana, Mississippi and Alabama, the Anadarko Basin in Oklahoma
and North Texas, the Piceance Basin in Colorado, the Big Horn Basin
in Wyoming and Montana, the Arkoma Basin in Arkansas and Oklahoma,
the Williston Basin in North Dakota and Montana, the Wind River
Basin in Wyoming, and the Powder River Basin in Wyoming.

Vanguard Natural Resources, LLC, and certain subsidiaries filed
voluntary petitions for relief under Chapter 11 of the Bankruptcy
Code (Bankr. S.D. Tex. Lead Case No. 17-30560) on Feb. 2,  2017.
The Chapter 11 cases are assigned to the Hon. Judge Marvin Isgur.

The Debtors listed total assets of $1.54 billion and total debt of
$2.3 billion as of Feb. 1, 2017.

Paul Hastings LLP is serving as legal counsel and Evercore Partners
is acting as financial advisor to Vanguard.  Opportune LLP is the
Company's restructuring advisor.  Prime Clerk LLC is serving as
claims and noticing agent.

Judy R. Robbins, the U.S. Trustee for Region 7, on Feb. 14, 2017,
appointed three creditors to serve on the official committee of
unsecured creditors appointed in the Debtor's case.  The Committee
hired Akin Gump Strauss Hauer & Feld LLP as counsel and FTI
Consulting, Inc., as financial advisor.

The Company on March 16, 2017, filed a motion with the Bankruptcy
Court disclosing a Stipulation and Agreed Order entered into on
March 15, 2017, by and between the Debtors and certain
unaffiliated
holders of its Preferred Units and common units pursuant to which
the Debtors and the Ad Hoc Equity Committee agreed, among other
things, that professionals for the Ad Hoc Equity Committee would
be
funded by the Debtors' estates for services performed within a
defined scope and subject to agreed caps on fees and expenses as
described in the Stipulation and Agreed Order.

Counsel to the Ad Hoc Equity Committee are Sharon M. Beausoleil,
Esq., Alexander Chae, Esq., and Holland N. O'Neil, Esq., at
Gardere
Wynne Sewell LLP.

Attorneys for Citibank, N.A, as administrative agent under the
Third Amended and Restated Credit Agreement, dated as of Sept. 30,
2011, are Chris Lopez, Esq., Stephen Karotkin, Esq., and Joseph H.
Smolinsky, Esq., at Weil Gotshal & Manges LLP.


VC AIRPORT: Voluntary Chapter 11 Case Summary
---------------------------------------------
Debtor: VC Airport Properties LLC
        11146 Old Castle Road
        Valley Center, CA 92082

Business Description: The Company is a small business debtor as
                      defined in 11 U.S.C. Section 101(51D).  It
                      owns parcels of land valued at $4 million
                      and $200,000 worth of furnitures and
                      fixtures.     

Chapter 11 Petition Date: July 20, 2017

Case No.: 17-04344

Court: United States Bankruptcy Court
       Southern District of California (San Diego)

Judge: Hon. Christopher B. Latham

Debtor's Counsel: Deepalie Milie Joshi, Esq.
                  JOSHI LAW GROUP
                  8555 Aero Drive, Suite 303
                  San Diego, CA 92123
                  Tel: 619-822-7566
                  E-mail: joshilawgroup@gmail.com
                          milie@joshilawgroup.com

Total Assets: $4.20 million

Total Liabilities: $250,000

The petition was signed by Jeffrey M. Bennion, managing member.

The Debtor list of top unsecured creditors has a lone entry:
Franchise Tax Board holding an unsecured claim of $20,000.

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

            http://bankrupt.com/misc/casb17-04344.pdf


VELLANO CORPORATION: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------------
Debtor: The Vellano Corporation
        7 Hemlock drive
        Latham, NY 12110

Type of Business: Vellano Corporation -- http://www.vellano.com/-
                  - is a veteran-owned business in the water and
                  waste industry.  It provides water services,
                  sewer services and industrial supplies.  The
                  company has 14 branch locations in six states:
                  New York, Massachusetts, New Hampshire, Rhode
                  Island, Alabama and Georgia.  It employs more
                  than 100 people.

Chapter 11 Petition Date: July 21, 2017

Case No.: 17-11348

Court: United States Bankruptcy Court
       Northern District of New York (Albany)

Debtor's Counsel: Richard H. Weiskopf, Esq.
                  THE DELORENZO LAW FIRM
                  670 Franklin Street, Suite 100
                  Schenectady, NY 12305
                  Tel: (518) 374-8450
                  Fax: (518) 374-5906
                  E-mail: Rweiskopf@delolaw.com

Total Assets: $5.81 million

Total Liabilities: $15.65 million

The petition was signed by Paul Vellano as authorized
representative.

The Debtor's list of 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/nynb17-11348.pdf


VYCOR MEDICAL: Fountainhead Reports 54.44% Stake as of June 30
--------------------------------------------------------------
In a Schedule 13D filed with the Securities and Exchange
Commission, Fountainhead Capital Management Limited reported that
as of June 30, 2017, it beneficially owns 12,650,199 shares of
common stock of Vycor Medical, Inc. representing 54.44 percent of
the shares outstanding.

The purpose of the Schedule 13D filing is to update the ownership
of Vycor Medical Common Stock, par value $0.0001.  On April 30,
2017, the Company issued 1,571,429 shares of Vycor Common Stock to
Fountainhead as a milestone payment of $330,000 on Fountainhead's
Consultancy Agreement and on June 30, 2017, the Company issued an
additional 501,429 shares to Fountainhead in satisfaction of
$105,300 of consulting fees due for the quarter ended June 30,
2017.  As a result of such issue, Fountainhead's
previously-reporting holdings of Vycor Common Stock (including
shares which it has the option to acquire within 60 days of that
date) were adjusted to a total of 12,650,199 shares, comprising
ownership of 9,120,757 Vycor Common Shares and Warrants to purchase
3,531,198 Vycor Common Shares as follows: 343,411 shares at an
exercise price of $1.88 per share prior to Aug. 4, 2017; 337,517
shares at an exercise price of $2.62 per share prior to Aug. 4,
2017; 572,613 shares at an exercise price of $3.08 per share prior
to Aug. 4, 2017, 1,924,677 shares at an exercise price of $0.27 per
share prior to Jan. 10, 2020, and 351,204 share at an exercise
price of $0.27 per share prior to Feb. 22, 2020.  Those shares, in
the aggregate, comprise approximately 54.44% of the Company's
issued and outstanding shares of common stock, as adjusted for the
exercise of such warrants.  Additionally, on March 31, 2017,
Fountainhead was granted options to purchase 660,000 shares of
Company Common Stock at $0.27 per share for a period of three years
from the date of vesting.  Vesting will occur upon the achievement
of certain milestones prior to March 31, 2018.  

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

                     https://is.gd/daz9kN

                      About Vycor Medical

Boca Raton, Fla.-based Vycor Medical, Inc. (OTC BB: VYCO) --
http://www.VycorMedical.com/-- is a medical device company
committed to making neurological brain, spinal and other surgical
procedures safer and more effective.  The Company's flagship,
Patent Pending ViewSite(TM) Surgical Access Systems represent an
exciting new minimally invasive access and retraction system that
holds the potential for speedier, safer and more economical brain,
spinal and other surgeries and a quicker patient discharge. Vycor's
innovative medical instruments are designed to optimize
neurosurgical site access, reduce patient risk, accelerate
recovery, and add tangible value to the professional medical
community.

Vycor Medical reported a net loss available to common shareholders
of $1.83 million for the year ended Dec. 31, 2016, compared to a
net loss available to common shareholders of $2.25 million for the
year ended Dec. 31, 2015.  As of March 31, 2017, Vycor Medical had
$2.08 million in total assets, $1.32 million in total liabilities
and $750,839 in total stockholders' equity.

The Company has incurred losses since its inception, including a
net loss of $1,652,280 and $2,082,643 for the years ending
Dec. 31, 2016, and 2015 respectively.  As at Dec. 31, 2016, the
Company had stockholder's deficiency of $26,483 and cash of
$56,859.  As a result, these conditions had raised substantial
doubt regarding the Company's ability to continue as a going
concern, according to the Company's annual report for the year
ended Dec. 31, 2016.


WALTER INVESTMENT: Bank Debt Trades at 9% Off
---------------------------------------------
Participations in a syndicated loan under Walter Investment
Management Corp is a borrower traded in the secondary market at
91.10 cents-on-the-dollar during the week ended Friday, July 7,
2017, according to data compiled by LSTA/Thomson Reuters MTM
Pricing.  This represents a decrease of 0.40 percentage points from
the previous week.  Walter Investment pays 375 basis points above
LIBOR to borrow under the $1.5 billion facility. The bank loan
matures on Dec. 18, 2020 and carries Moody's Caa1 rating and
Standard & Poor's CCC rating.  The loan is one of the biggest
gainers and losers among 247 widely quoted syndicated loans with
five or more bids in secondary trading for the week ended July 7.


WEST BATON: Unsecureds To Be Paid in Full Under Plan
----------------------------------------------------
West Baton Rouge Credit, Inc., filed with the U.S. Bankruptcy Court
for the Middle District of Louisiana a disclosure statement dated
July 12, 2017, referring to the Debtor's plan of reorganization.

The Plan provides for the payment of the small amount (estimated
$20,000) of general unsecured debt in full.  In addition the Plan
proposes to pay the approximately amount of $830,000 to the class
of debenture claims, based upon the payment of 10% of the balance
due on each subordinated debenture claim, payable over seven years
by 84 equal monthly installments commencing 30 days from entry of
the court order of confirmation of the Plan.  Todd Cutrer, as the
owner and officer of this business has agreed to waive his
debenture claims of about $500,000 and is willing to work at a
fixed salary during the term of the Plan, plus health and life
insurance benefits, in order to help promote the financial success
of the Plan.  Creditors may select an alternative option to take
stock in the Reorganized Entity in lieu of the proposed cash plan
payments.  Administrative priority claims for professional services
allowed by order of the court will be paid upon confirmation of the
Plan.  The Debtor does not have priority tax claim issues to be
addressed nor claims secured by collateral.

As reflected on the cumulated post petition monthly operating
report, the Debtor is accumulating cash on hand in its
debtor-in-possession bank accounts from its collection operations.
The collections on customer accounts will increase with the
anticipated addition of a support staff member for that purpose.
The Debtor's cash receipts are as follows: March 14 through March
31, 2017, of $31,376.91; April 2017 of $30,435.39; and May 2017 of
$28,383.  Since the filing of the petition in mid March 2017, the
Debtor has already started to generate sufficient monthly receipts
to fund the proposed plan payments to the unsecured creditors of
this estate.

The Debtor says that to fund the plan payments it was appropriate
for the Debtor to continue ordinary course of business operations
including making new consumer loans and that has commenced using
the funds being collected on existing customer accounts.  Not only
does that generate new cash flow from the payments on those loans
that are due within 30 days of making of the loans, but it also
generates income from related products like life insurance that may
be sold with new consumer loans.  Because management has also
reduced the operating overhead of the business prior to and in
connection with the filing of this case, that too assists the
Debtor in funding its proposed plan payments.  Debenture funding
will not be utilized for future operations of the Reorganized
Entity.

A copy of the Disclosure Statement is available at:

         http://bankrupt.com/misc/lamb17-10227-62.pdf

              About West Baton Rouge Credit, Inc.

Based in Port Allen, Louisiana, West Baton Rouge Credit, Inc.
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
M.D. La. Case No. 17-10227) on March 14, 2017.  The petition was
signed by Todd Cutrer, president. The case is assigned to Judge
Douglas D. Dodd.  Pamela Magee, Esq., based in Baton Rouge,
Louisiana, serves as the Debtor's bankruptcy counsel.

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

Henry G. Hobbs, Jr., Acting U.S. Trustee for Region 5, on May 2
appointed five creditors of West Baton Rouge Credit, Inc., to serve
on the official committee of unsecured creditors.


WESTERN ENERGY: Moody's Hikes Corporate Family Rating to Caa1
-------------------------------------------------------------
Moody's Investors Service upgraded Western Energy Services Corp.'s
Corporate Family Rating (CFR) to Caa1 from Caa2, Probability of
Default Rating to Caa1-PD from Caa2-PD and senior unsecured notes
rating to Caa2 from Caa3. The Speculative Grade Liquidity Rating
was downgraded to SGL-3 (adequate) from SGL-2 (good). The rating
outlook remains stable.

"The upgrade reflects the improving onshore contract drilling
subsector that will lead to better EBITDA generation for Western,
improving its ability to cover interest expense", said Paresh
Chari, Moody's Assistant Vice President.

Upgrades:

Issuer: Western Energy Services Corp.

-- Probability of Default Rating, Upgraded to Caa1-PD from
    Caa2-PD

-- Corporate Family Rating, Upgraded to Caa1 from Caa2

-- Senior Unsecured Regular Bond/Debenture, Upgraded to
    Caa2(LGD4) from Caa3(LGD4)

Downgrades:

-- Speculative Grade Liquidity Rating, Downgraded to SGL-3 from
    SGL2

Outlook Actions:

Issuer: Western Energy Services Corp.

-- Outlook, Remains Stable

RATINGS RATIONALE

Western's Caa1 Corporate Family Rating (CFR) reflects expected high
leverage (around 8x in 2017 and 2018) and weak interest coverage
(around 1.5x), driven by its concentration and exposure to the weak
North American land drilling market. Most of Western's fleet is not
under contract and the company will be challenged in a competitive
spot market. The rating also considers Western's quality rig fleet
and adequate liquidity.

Western has adequate liquidity (SGL-3). As of March 31, 2017,
Western had C$34 million of cash and full availability under its
C$60 million revolving credit facility due December 17, 2018.
Moody's expects around C$10 million of negative free cash flow
through June 30, 2018. Moody's expects Western to remain in
compliance with its four financial covenants through this period.
Alternate liquidity is limited given that substantially all of the
company's assets are pledged under the revolver and there is
limited market interest in land drilling rigs currently. Western's
C$265 million senior unsecured notes are due January 30, 2019.

In accordance with Moody's Loss Given Default (LGD) Methodology,
the notching of the C$265 million senior unsecured notes at Caa2,
one notch below the Caa1 CFR, reflects the priority ranking secured
credit facility in the capital structure.

The stable outlook reflects Moody's expectation that the company
will maintain good liquidity and that EBITDA to interest will
remain around 1.5x.

The ratings could be upgraded if EBITDA to interest improves to
above 2x, debt to EBITDA is 6x and liquidity is adequate.

The ratings could be downgraded if EBITDA to interest declines to
below 1x or the liquidity profile weakens.

Western Energy Services, based in Calgary, Alberta, provides land
contract drilling to North American exploration and production
companies and also has Canadian based well servicing and rental
equipment businesses.

The principal methodology used in these ratings was Global Oilfield
Services Industry Rating Methodology published in May 2017.


WORLD IMPORTS: Disclosures OK'd; Plan Hearing on Aug. 23
--------------------------------------------------------
The Hon. Stephen Raslavich of the U.S. Bankruptcy Court for the
Eastern District of Pennsylvania has approved World Imports
Chicago, LLC's disclosure statement dated June 2, 2017, referring
to the Debtor's Chapter 11 plan.

A hearing to consider the confirmation of the Plan will be held on
Aug. 23, 2017, at 1:30 p.m.

Objections to the plan confirmation must be filed by Aug. 17, 2017,
which is also the deadline for the Debtor to file its report of
plan voting.

Aug. 3, 2017, is the last day for written acceptances or rejections
of the Plan.

                       About World Imports

World Imports, Ltd., filed a Chapter 11 petition (Bankr. E.D. Pa.
Case No. 13-15929) on July 3, 2013, in Philadelphia.  Debtor-
affiliates World Imports South, LLC (Bankr. E.D. Pa. Case No.
13-15933), 11000 LLC (Bankr. E.D. Pa. Case No. 13-15934, and World
Imports Chicago, LLC (Bankr. E.D. Pa. Case No. 13-15935) filed
separate petitions for Chapter 11 relief.  The cases are jointly
administered under Case No. 13-15929.  John E. Kaskey, Esq., at
Braverman Kaskey, P.C., in Philadelphia, serves as counsel to the
Debtors.  World Imports, Ltd., estimated assets and debts of $10
million to $50 million.  World Imports South, LLC, estimated
assets of $1 million to $10 million.

Roberta A. DeAngelis, United States Trustee for Region 3, appointed
a 3-member Committee of Unsecured Creditors.  Fox Rothschild LLP is
counsel to Committee.


YOGA CENTER: Taps Michael Sheridan as Attorney
----------------------------------------------
The Yoga Center, LLC seeks approval from the U.S. Bankruptcy Court
for the District of Minnesota to hire legal counsel in connection
with its Chapter 11 case.

The Debtor proposes to hire Michael Sheridan, Esq., to, among other
things, give legal advice regarding its duties under the Bankruptcy
Code, and assist in the preparation of a plan of reorganization.

Mr. Sheridan will charge an hourly fee of $275 for his services.  

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

Mr. Sheridan maintains an office at:

     Michael J. Sheridan, Esq.
     7900 International Drive, Suite 300
     Bloomington, MN 55425
     Tel: 763-229-7538
     Fax: 763-400-4530
     Email: msheridan@atlasfirm.com

                   About The Yoga Center LLC

The Yoga Center, LLC -- http://yogacentermpls.com-- is a small
business Debtor as defined in 11 U.S.C. Section 101(51D).  The
Company provides Yoga classes offering a wide selection of drop-in
classes, specialty class series, workshops and events, as well as
teacher training programs, specialty teacher trainings and
continuing education for the lifelong learner.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. Minn. Case No. 17-42115) on July 13, 2017.  Neil
Riemer, president, signed the petition.  

At the time of the filing, the Debtor disclosed that it had
estimated assets of less than $1 million and liabilities of $1
million to $10 million.  

Judge Katherine A. Constantine presides over the case.


YOU PROPERTIES: Franklin County Treasurer to Get $27,565
--------------------------------------------------------
YOU Properties, Inc., filed with the U.S. Bankruptcy Court for the
Southern District of Ohio a Chapter 11 plan, which proposes to pay
in full the priority tax claims of the Franklin County Treasurer.

Under the plan, the Franklin County Treasurer will receive a
one-time payment for its priority tax claims in the total amount of
$27,565.

Michael Young, a shareholder, will make a capital contribution of
$30,000 to YOU Properties to pay its real estate taxes, according
to the company's disclosure statement.

A copy of the disclosure statement is available for free at
https://is.gd/q6xpid

                    About YOU Properties Inc.

YOU Properties, Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Ohio Case No. 17-54294) on July 6,
2017.  Judge Charles Caldwell presides over the case.

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


[*] Moody's B3 Negative and Lower Corp. Ratings List Drops in June
------------------------------------------------------------------
Moody's B3 Negative and Lower Corporate Ratings List declined for a
15th straight month in June, to end the second quarter at 226
companies, Moody's Investors Service says in a new report. The list
is now the shortest it's been since late 2015, though the reasons
underlying the decrease in its size is not positive from a credit
perspective.

"In the second quarter of 2017, more issuers left Moody's list of
lower-rated companies due to defaults than rating upgrades," said
Moody's Associate Analyst Julia Chursin. "With the list now
comprising 15.6% of the US speculative-grade population, which is
almost in line with the long-term average, a decline below this
percentage would signal improving speculative-grade credit quality
only if the dip stemmed from rating upgrades."

Despite accounting for the largest share of companies to leave the
list on a yearly basis, the oil and gas sector still makes up 22%
of its population, Chursin says in "Moody's B3 Negative and Lower
Corporate Ratings List: List's Slow Grind Downwards Continues, But
Defaults Marginally Dominate." As well, the oil and gas sector
still far overshadows the retail sector's representation on the
list, which stands at 8%. Concerns about the retail sector are
generally limited to smaller, highly leveraged companies, while
other segments, such as home improvement and dollar stores, remain
solid.

Currently, the majority of Moody's indicators of speculative-grade
credit quality point to easing risk. The rating agency's
Liquidity-Stress Index is moving closer to its record low on the
back of earnings gains, recovery in some commodity sectors and
still-favorable financing conditions, underscoring the trend
towards a declining US default rate. And although still higher than
the historical average, Moody's refunding indices reflect a
meaningful reduction in refinancing risk versus a year ago. Even
so, Moody's Covenant Quality Index is only four basis points off
its record worst, highlighting continued weakening in bond
investors' covenant protections.

Investors remain willing to tolerate risk, Moody's says, but
analysts caution that any change in sentiment could see the credit
profiles of smaller, less-liquid companies deteriorate quickly -- a
risk highlighted by the rating distributions of debt issued by the
companies on Moody's B3 Negative and Lower List. Notably, of the
489 debt facilities issued by the companies on the list, 61% are
loans, half of which are rated Caa1 or lower. Coupled with much
weaker bond and loan-covenant protections, such rating profiles do
not bode well for recoveries during the next downturn.


[^] BOND PRICING: For the Week from July 17 to July 21, 2017
------------------------------------------------------------
  Company                  Ticker  Coupon Bid Price   Maturity
  -------                  ------  ------ ---------   --------
AM Castle & Co             CASL      5.250    15.000 12/30/2019
AM Castle & Co             CASL      7.000    58.000 12/15/2017
American Eagle
  Energy Corp              AMZG     11.000     0.933   9/1/2019
Amyris Inc                 AMRS      9.500    65.836  4/15/2019
Appvion Inc                APPPAP    9.000    53.000   6/1/2020
Appvion Inc                APPPAP    9.000    51.000   6/1/2020
Armstrong Energy Inc       ARMS     11.750     7.900 12/15/2019
Armstrong Energy Inc       ARMS     11.750    38.500 12/15/2019
Avaya Inc                  AVYA     10.500     9.000   3/1/2021
Avaya Inc                  AVYA     10.500     8.550   3/1/2021
BPZ Resources Inc          BPZR      6.500     1.500   3/1/2015
BPZ Resources Inc          BPZR      6.500     3.017   3/1/2049
Bank of America Corp       BAC       2.922    98.185  7/28/2017
BreitBurn Energy
  Partners LP / BreitBurn
  Finance Corp             BBEP      7.875    26.585  4/15/2022
BreitBurn Energy
  Partners LP / BreitBurn
  Finance Corp             BBEP      8.625    26.250 10/15/2020
BreitBurn Energy
  Partners LP / BreitBurn
  Finance Corp             BBEP      8.625    20.750 10/15/2020
BreitBurn Energy
  Partners LP / BreitBurn
  Finance Corp             BBEP      8.625    20.750 10/15/2020
Buffalo Thunder
  Development Authority    BUFLO    11.000    38.250  12/9/2022
Caesars Entertainment
  Operating Co Inc         CZR       5.750    86.250  10/1/2017
Chassix Holdings Inc       CHASSX   10.000     8.000 12/15/2018
Chassix Holdings Inc       CHASSX   10.000     8.000 12/15/2018
Chesapeake Energy Corp     CHK       2.500    98.550  5/15/2037
Chesapeake Energy Corp     CHK       2.750    61.000 11/15/2035
Chesapeake Energy Corp     CHK       2.500    99.125  5/15/2037
Chukchansi Economic
  Development Authority    CHUKCH    9.750    44.500  5/30/2020
Chukchansi Economic
  Development Authority    CHUKCH    9.750    43.750  5/30/2020
Cinedigm Corp              CIDM      5.500    35.000  4/15/2035
Claire's Stores Inc        CLE       9.000    50.100  3/15/2019
Claire's Stores Inc        CLE       8.875    13.000  3/15/2019
Claire's Stores Inc        CLE       6.125    46.500  3/15/2020
Claire's Stores Inc        CLE       7.750    12.500   6/1/2020
Claire's Stores Inc        CLE       9.000    53.500  3/15/2019
Claire's Stores Inc        CLE       7.750    12.500   6/1/2020
Claire's Stores Inc        CLE       9.000    50.500  3/15/2019
Claire's Stores Inc        CLE       6.125    47.500  3/15/2020
Cobalt International
  Energy Inc               CIE       2.625    29.510  12/1/2019
Cumulus Media
  Holdings Inc             CMLS      7.750    29.949   5/1/2019
EV Energy Partners LP /
  EV Energy Finance Corp   EVEP      8.000    53.500  4/15/2019
EXCO Resources Inc         XCO       7.500    71.002  9/15/2018
Emergent Capital Inc       EMGC      8.500    46.485  2/15/2019
Energy Conversion
  Devices Inc              ENER      3.000     7.875  6/15/2013
Energy Future
  Holdings Corp            TXU      11.250    39.500  11/1/2017
Energy Future
  Holdings Corp            TXU      10.875    39.750  11/1/2017
Energy Future
  Holdings Corp            TXU       6.500    12.500 11/15/2024
Energy Future
  Holdings Corp            TXU      10.875    39.500  11/1/2017
Energy Future
  Holdings Corp            TXU       9.750    29.250 10/15/2019
Energy Future
  Holdings Corp            TXU       5.550    10.000 11/15/2014
Energy Future
  Intermediate Holding
  Co LLC / EFIH
  Finance Inc              TXU      11.250    23.000  12/1/2018
Energy Future
  Intermediate Holding
  Co LLC / EFIH
  Finance Inc              TXU      11.250    30.000  12/1/2018
Energy Future
  Intermediate Holding
  Co LLC / EFIH
  Finance Inc              TXU       9.750    24.750 10/15/2019
FirstEnergy Corp           FE        2.750   100.333  3/15/2018
Fleetwood
  Enterprises Inc          FLTW     14.000     3.557 12/15/2011
GenOn Energy Inc           GENONE    9.500    66.750 10/15/2018
GenOn Energy Inc           GENONE    9.500    66.125 10/15/2018
GenOn Energy Inc           GENONE    9.500    72.000 10/15/2018
Global Brokerage Inc       GLBR      2.250    45.500  6/15/2018
Goldman Sachs
  Group Inc/The            GS        2.900   100.000  7/26/2017
Gulfmark Offshore Inc      GLFM      6.375    12.000  3/15/2022
Gymboree Corp/The          GYMB      9.125     1.000  12/1/2018
Homer City Generation LP   HOMCTY    8.137    38.750  10/1/2019
Illinois Power
  Generating Co            DYN       7.000    34.600  4/15/2018
Illinois Power
  Generating Co            DYN       6.300    35.250   4/1/2020
Interface Security
  Systems Holdings
  Inc / Interface
  Security Systems LLC     INSESY    9.250    99.750  1/15/2018
IronGate Energy
  Services LLC             IRONGT   11.000    35.250   7/1/2018
IronGate Energy
  Services LLC             IRONGT   11.000    35.250   7/1/2018
IronGate Energy
  Services LLC             IRONGT   11.000    35.250   7/1/2018
IronGate Energy
  Services LLC             IRONGT   11.000    35.250   7/1/2018
Jack Cooper Holdings Corp  JKCOOP    9.250    52.750   6/1/2020
Las Vegas Monorail Co      LASVMC    5.500     0.833  7/15/2019
Lehman Brothers
  Holdings Inc             LEH       4.000     3.326  4/30/2009
Lehman Brothers
  Holdings Inc             LEH       5.000     3.326   2/7/2009
Lehman Brothers
  Holdings Inc             LEH       1.600     3.326  11/5/2011
Lehman Brothers
  Holdings Inc             LEH       2.070     3.326  6/15/2009
Lehman Brothers
  Holdings Inc             LEH       1.383     3.326  6/15/2009
Lehman Brothers
  Holdings Inc             LEH       2.000     3.326   3/3/2009
Lehman Brothers
  Holdings Inc             LEH       1.500     3.326  3/29/2013
Lehman Brothers Inc        LEH       7.500     1.226   8/1/2026
MF Global Holdings Ltd     MF        3.375    27.500   8/1/2018
MModal Inc                 MODL     10.750    10.125  8/15/2020
Mashantucket Western
  Pequot Tribe             MASHTU    7.350    19.375   7/1/2026
Morgan Stanley             MS        2.922    99.136  7/28/2017
New Gulf Resources LLC/
  NGR Finance Corp         NGREFN   12.250     2.741  5/15/2019
New Gulf Resources LLC/
  NGR Finance Corp         NGREFN   12.250     2.741  5/15/2019
New Gulf Resources LLC/
  NGR Finance Corp         NGREFN   12.250     2.741  5/15/2019
Nine West Holdings Inc     JNY       6.125    17.336 11/15/2034
Nine West Holdings Inc     JNY       8.250    25.063  3/15/2019
Nine West Holdings Inc     JNY       6.875    16.000  3/15/2019
Nine West Holdings Inc     JNY       8.250    22.500  3/15/2019
Nuverra Environmental
  Solutions Inc            NESC     12.500    12.000  4/15/2021
OMX Timber Finance
  Investments II LLC       OMX       5.540    10.000  1/29/2020
Permian Holdings Inc       PRMIAN   10.500    29.125  1/15/2018
Permian Holdings Inc       PRMIAN   10.500    29.125  1/15/2018
Prospect Holding Co LLC /
  Prospect Holding
  Finance Co               PRSPCT   10.250    48.250  10/1/2018
RS Legacy Corp             RSH       6.750     0.001  5/15/2019
RS Legacy Corp             RSH       6.750     0.555  5/15/2019
Renco Metals Inc           RENCO    11.500    22.250   7/1/2003
Rolta LLC                  RLTAIN   10.750    16.750  5/16/2018
Samson Investment Co       SAIVST    9.750     7.960  2/15/2020
SandRidge Energy Inc       SD        7.500     2.009  2/15/2023
SunEdison Inc              SUNE      2.375     2.300  4/15/2022
SunEdison Inc              SUNE      5.000    10.500   7/2/2018
SunEdison Inc              SUNE      2.625     2.300   6/1/2023
SunEdison Inc              SUNE      0.250     2.250  1/15/2020
SunEdison Inc              SUNE      2.750     2.250   1/1/2021
SunEdison Inc              SUNE      2.000     2.250  10/1/2018
SunEdison Inc              SUNE      3.375     2.300   6/1/2025
TMST Inc                   THMR      8.000    15.100  5/15/2013
Talos Production LLC /
  Talos Production
  Finance Inc              TALPRO    9.750    62.500  2/15/2018
Talos Production LLC /
  Talos Production
  Finance Inc              TALPRO    9.750    62.500  2/15/2018
TerraVia Holdings Inc      TVIA      5.000    34.120  10/1/2019
TerraVia Holdings Inc      TVIA      6.000    61.116   2/1/2018
Terrestar Networks Inc     TSTR      6.500    10.000  6/15/2014
Trans-Lux Corp             TNLX      8.250    20.125   3/1/2012
UCI International LLC      UCII      8.625     0.050  2/15/2019
Vanguard Natural
  Resources LLC /
  VNR Finance Corp         VNR       7.875     5.980   4/1/2020
Vanguard Operating LLC     VNR       8.375    50.000   6/1/2019
Walter Energy Inc          WLTG      8.500     0.834  4/15/2021
Walter Energy Inc          WLTG      9.875     0.834 12/15/2020
Walter Energy Inc          WLTG      9.875     0.834 12/15/2020
Walter Energy Inc          WLTG      9.875     0.834 12/15/2020
Walter Investment
  Management Corp          WAC       4.500    34.375  11/1/2019
iHeartCommunications Inc   IHRT     10.000    63.100  1/15/2018
iHeartCommunications Inc   IHRT      6.875    60.000  6/15/2018
rue21 inc                  RUE       9.000     0.500 10/15/2021
rue21 inc                  RUE       9.000     4.400 10/15/2021


                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

TCR subscribers have free access to our on-line news archive.
Point your Web browser to http://TCRresources.bankrupt.com/and use
the e-mail address to which your TCR is delivered to login.

                            *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.  
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman,
Editors.

Copyright 2017.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $975 for 6 months delivered via
e-mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Peter A.
Chapman at 215-945-7000 or Nina Novak at 202-362-8552.

                   *** End of Transmission ***