TCR_Public/170728.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Friday, July 28, 2017, Vol. 21, No. 208

                            Headlines

1231 41 STREET: Taps Abraham Raab as Special Counsel
1806937 ONTARIO: 7-Enoteca Files for Bankruptcy in Canada
213 BOND STREET: Disclosures OK'd; Plan Hearing on Aug. 17
ACCURIDE CORP: Egan-Jones Withdraws 'B-' LC Sr. Unsec. Debt Rating
ADVANCED MICRO: Q2 Revenue Increased 19 Percent Year-Over-Year

ADVANTAGE ENERGY: Involuntary Chapter 11 Case Summary
AL IMAN PLAZA: Voluntary Chapter 11 Case Summary
ALCOIL USA: Voluntary Chapter 11 Case Summary
ALL RESORT GROUP: Hires Eide Bailly as Accountant
AM CASTLE: US Trustee Objects to Plan of Reorganization

APX GROUP: Moody's Lowers Corporate Family Rating to B3
AUTHENTIDATE HOLDING: Gulzar Roy Has 6.6% Stake as of Dec. 15
AUTHENTIDATE HOLDING: Sohail Ali Owns 6.6% Stake as of Dec. 15
BAHATI LLC: Hires Allan D. NewDelman as Counsel
BCBG MAX AZRIA: Expects Sale Closings by July 31

BCBG MAX AZRIA: Lubov Azria's $7MM 'Golden Parachute' Denied
BENEFIT STREET III: S&P Assigns BB- Rating on Class D-R Notes
BIODATA MEDICAL: Care to Patients Falling Below Standard, PCO Says
BLACK PRESS: S&P Lowers CCR to 'B-' on Weaker Expected Earnings
BLOOMFIELD NURSING: Aug. 2 Hearing on Ombudsman Appointment

BLUE DOG AT 399: Court Rejects Seyfarth's Bid to Modify Engagement
BOSTON HOSPITALITY: Hires Service Plus as Accountant
BP CHANEY: Case Summary & 9 Unsecured Creditors
BP CHANEY: Hires Mitchell Law Firm as Counsel
CALERES INC: Moody's Hikes Corporate Family Rating to Ba2

CAPITAL TEAS: U.S. Trustee Forms 3-Member Committee
CAPSTONE LOGISTICS: S&P Affirms 'B-' CCR, Outlook Remains Stable
CASA REAL: Aug. 2 Hearing on Patient Care Ombudsman Appointment
CECIL BANCORP: Hires Nelson Mullins as Counsel
CENTRAL GROCERS: Taps Marcus & Millichap as Broker

CENTURY COMMUNITIES: Moody's Confirms B3 CFR; Outlook Positive
CERTARA HOLDCO: S&P Assigns 'B' Corp Credit Rating, Outlook Stable
CGG HOLDING: 100% Recovery for Unsecureds Under Reorg. Plan
CIT GROUP: Funding and Risk Profile To Evolve, Moody's Says
COGECO COMMUNICATIONS: Moody's Rates New $1.85BB Loans B1

COTT CORP: Moody's Puts B2 CFR on Review for Upgrade
CROSIER FATHERS: Affiliate Taps Levrose as Real Estate Broker
CRYSTAL LAKE GOLF: Unsecureds to be Paid $15K Annually for 5 Years
CSTN MERGER: Moody's Assigns B2 Corporate Family Rating
DATAPIPE INC: S&P Affirms 'B' CCR & Revises Outlook to Negative

DON ROSE OIL: U.S. Trustee Forms Two-Member Committee
DUPONT FABROS: Egan-Jones Lowers Sr. Unsecured Ratings to 'BB+'
EARTHONE CIRCUIT: Hires Winthrop Couchot as Counsel
EDWARD J. MALIK: Unsecureds to Get 11.5% Plus Interest Over 5 Years
ESTEBAN DISTRIBUTOR: Court Conditionally OKs Plan Outline

EVEN ST. PRODUCTIONS: Hires Berlandi Nussbaum as Special Counsel
EXTRACTION OIL: Fitch Assigns BB/RR2 Rating to $350MM Unsec. Notes
FINJAN HOLDINGS: Oral Argument in 'Blue Coat' Suit Set for Sept. 8
FIRSTLIGHT FIBER: Moody's Assigns B3 Corporate Family Rating
FLORIDA ORGANIC: Unsecureds Get Full Payment Under Plan

FLOWORKS INT'L: S&P Lowers CCR to 'CC', On CreditWatch Negative
FOOTHILL/EASTERN TRANSPORTATION: Moody's Hikes Sr. Debt From Ba1
FOUNDATION HEALTHCARE: Has Final OK for $1.3M Financing, Cash Use
GENERAL WIRELESS: Court Extends Plan Filing Period to Aug. 16
GENESEE & WYOMING: S&P Affirms 'BB' CCR, Outlook Still Negative

GORDON OAKS: US Trustee Directed to Appoint Patient Care Ombudsman
GRASS VALLEY: Hearing on Amended Plan Scheduled for August 31
GREATER EVANGEL: Sept. 20 Hearing on Plan Confirmation
GREENSTAR HOSPITALITY: Hires Iwama Law Firm as Attorney
GRIMM BROTHERS: Voluntary Chapter 11 Case Summary

GULF FINANCE: S&P Lowers CCR to 'B', Outlook Negative
GYMBOREE CORP: ARC SWWMGPA001, et al., Try To Block Disclosures OK
GYMBOREE CORP: Legacy Place, et al., Block Disclosures Approval
GYMBOREE CORP: Plan Confirmation Hearing Set for September 7
GYMBOREE CORP: Taubman Landlords Oppose Approval of Plan Outline

HAMPSHIRE GROUP: Wants Plan Exclusivity Extended to Sept. 20
IMMUCOR INC: Cancels Registration of 11.125% Senior Notes
INTERNATIONAL GAME: S&P Rates New EUR1.5BB Term Loan 'BB+'
ISO DOC: Bankr. Trustee Taps Verdolino & Lowey as Accountant
JAMES CHATMAN: Sale of Lynwood Property for $1.3M Approved

JANE STREET: Moody's Gives Ba3 Issuer Rating & 1st Lien Loan Rating
JD POWER: Fitch Assigns First-Time 'B' LT Issuer Default Rating
JEWELRY BY JENNIFER: Court Denies Approval of Plan Outline
JOSEPH ANTONAKOS: Tragnis Buying Staten Island Property for $400K
KAISER GYPSUM: Taps Anderson Kill as Special Insurance Counsel

KRISHNA ASSOCIATES: SBA Asks Court to Reject Disclosure Statement
LAPS ENTERPRISES: Disclosures Hearing to Continue on August 30
LAREDO PETROLEUM: Egan-Jones Hikes Commercial Paper Rating to 'B'
LBJ HEALTHCARE: Care Given at Villa Luren Within Standards, PCO Say
LEGAL CREDIT: Hearing on Plan Outline Set for Oct. 4

LIBERTY MUTUAL: Fitch Affirms BB Rating on $700MM Sub. Notes
LINDLEY FIRE: Seeks to Hire Shulman Hodges as Special Counsel
LONG-DEI LIU: No Issues Identified in 7th Interim PCO Report
LSB INDUSTRIES: Incurs $14.5 Million Net Loss in Second Quarter
MARINA BIOTECH: Acquires DyrctAxess Technology Platform

MARINA BIOTECH: Signs Binding LOI for DiLA Delivery Platform Sale
METRO NEWSPAPER: Seeks to Hire Gertelman as Accountant
MICHAEL ROBINSON: Sale of Irving Property Approved
MICHAEL STEVEN PROPPER: Court Waives Appointment of Ombudsman
MIDOR PROPERTIES: Hires Craig Diehl as Bankruptcy Attorney

MIG LLC: Plan Declared Effective on July 21
MILLERS HERITAGE: Taps Kelly S. Taylor as Accountant
MILLWORK SHOPPE: Unsecureds to Get $50,000 Over 5 Years
MRC CRESTVIEW: Fitch Affirms BB+ Rating on $49MM Revenue Bonds
NATIONAL EVENTS: Creditors Seek Appointment of Ch. 11 Examiner

NATURE'S BOUNTY: Moody's Puts B2 CFR Under Review for Downgrade
NEW YORK CRANE: Trustee Taps Andersen as Tax Consultant
NEW YORK CRANE: Trustee Taps B. Riley as Financial Advisor
NEW YORK CRANE: Trustee Taps Okin Hollander as Legal Counsel
NEW YORK CRANE: Trustee Taps Otterbourg as New Legal Counsel

NGPL PIPECO: Moody's Rates New $1.4BB Senior Unsecured Notes Ba1
NORTHERN BLIZZARD: DBRS Notes Name Change
OCWEN FINANCIAL: S&P Affirms 'B-' Long-Term ICR, Outlook Negative
ONCOLOGY INSTITUTE: Unsecureds to Get $13,749 by 2021
ORBITE TECHNOLOGIES: Proposes Stay Extension, DIP Financing

P2 UPSTREAM: S&P Affirms 'B-' CCR & Revises Outlook to Stable
PACIFIC 9: Court Extends Plan Exclusivity Period Through Aug. 22
PERSISTENCE PARTNERS: Disclosures Okayed; August 22 Plan Hearing
PILGRIM MEDICAL: August 24 Plan and Disclosure Statement Hearing
PIONEER CARRIERS: 100% Recovery for Unsecureds Under Plan

PLASCO TOOLING: Taps Angle Advisors as Investment Banker
PRO ENTERPRISES: U.S. Bank to be Paid $5K Monthly at 3% for 40 Yrs.
PROSPECTOR OFFSHORE: Wants to Use Cash Collateral to Pay Lease
PUERTO RICO: Oversight Board Appoints Revitalization Coordinator
QEP RESOURCES: S&P Affirms 'BB+' CCR on Announced Asset Sale

QUALITY CARE: Moody's Cuts CFR to Caa1 After Default Notice on HCR
REAM PROPERTIES: Plan Confirmation Hearing Set for Sept. 7
RED ROCKS: Aug. 2 Hearing on Patient Care Ombudsman Appointment
REGAL ENTERTAINMENT: S&P Upgrades CCR to 'BB-', Outlook Stable
RICKY WILLIAMSON: Sale of Sunflower Property to Pay Planters Okayed

S B BUILDING ASSOCIATES: Examiner Hires Mercadien as Accountant
S&S HOLDING: Hires Ann Brennan Law as Counsel
SAC DEVELOPMENT: Case Summary & 20 Largest Unsecured Creditors
SAI FAMILY TRUST: Court Finds Yosemite's OST Request Improper
SAN JOAQUIN HILLS: Moody's Hikes Toll Road Bonds Rating From Ba2

SEADRILL LIMITED: Again Warns of Chapter 11 as Debt Talks Extended
SEARS CANADA: Koskie Minsky Represents Non-Unionized Workers
SECOND CHANCE: Serial Filer Gets One Year for Bankruptcy Fraud
SERVICEMASTER CO: Moody's Puts Ba3 CFR on Review for Downgrade
SMARTY HAD A PARTY: Case Summary & 20 Largest Unsecured Creditors

STARFISH HOLDCO: S&P Assigns 'B-' CCR, Outlook Stable
SUCCESS INC: Comlink to Get Payment from Sale of Various Vehicles
SUNDIAL GROUP: S&P Affirms B- Corp. Credit Rating, Outlook Stable
SUNEDISON INC: Court to Give Final Approval of Chapter 11 Exit Plan
TANGO TRANSPORT: Plan Trustee Taps Brooks Hamilton as Counsel

TARA RETAIL: Kmart Tries to Block Approval of Plan Outline
TARA RETAIL: Kroger Limited Objects to Approval of Disclosures
TARA RETAIL: U.S. Trustee Objects to Approval of Plan Outline
TERRACE MANOR: To Select Best Offer of Property Purchase Under Plan
THE ACADEMY: Fitch Hikes Rating on $32.9MM Bonds to B+

TODD A. SWENNING: Court Reduces Atty's Fees to $84,365
TURNING LEAF: Has Until Sept. 21 to File Plan & Disclosures
WELLMAN DYNAMICS: Taps Gordian Group as Investment Banker
WEST MAIN ENTERPRISES: Hires Craig Diehl as Bankruptcy Attorney
WEST VIRGINIA HIGH: Sale of Fairmont Property for $1.8M Approved

WESTERN HIPERBARIC: Taps Heriberto Acevedo as Accountant
WESTINGHOUSE ELECTRIC: Claims Filing Deadline Is Sept. 1
ZEP INC: S&P Downgrades CCR to 'B-'on Planned Recapitalization
[*] The Deal Publishes Bankruptcy League Table for Q2 2017
[^] BOOK REVIEW: Risk, Uncertainty and Profit


                            *********

1231 41 STREET: Taps Abraham Raab as Special Counsel
----------------------------------------------------
1231 41 Street, LLC seeks approval from the U.S. Bankruptcy Court
for the Eastern District of New York to hire the Law Office of
Abraham Raab as its special counsel.

The Debtor tapped the firm to advise on real estate transactions
related to the sale closing on a real property located at 1231 41st
Street, Brooklyn, New York.

The seller and the Debtor are currently working to resolve the
motion filed by the former to lift the automatic stay with respect
to the property, which resolution will include the Debtor closing
on the sale by no later than September 20.

Abraham Raab, Esq., will charge an hourly fee of $350.  The firm
will charge $175 per hour for paralegal services.

Mr. Raab 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:

     Abraham D. Raab, Esq.
     Law Office of Abraham Raab
     1449 37th Street, Suite 420
     Brooklyn, NY 11218-3715
     Phone: (718) 480-5501

                    About 1231 41 Street LLC

Based in Brooklyn, New York, 1231 41 Street, LLC sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. E.D.N.Y. Case No.
17-41407) on March 27, 2017.  Judge Elizabeth S. Stong presides
over the case.  At the time of the filing, the Debtor disclosed
that it had estimated assets of less than $50,000 and liabilities
of $1 million to $10 million.

Rubin LLC represents the Debtor as bankruptcy counsel.

No trustee or creditors committee has been appointed.  


1806937 ONTARIO: 7-Enoteca Files for Bankruptcy in Canada
---------------------------------------------------------
The bankruptcy of 1806937 Ontario Ltd. o/a 7-Enoteca 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


213 BOND STREET: Disclosures OK'd; Plan Hearing on Aug. 17
----------------------------------------------------------
The Hon. Nancy Hershey Lord of the U.S. Bankruptcy Court for the
Eastern District of New York approved the First Amended Disclosure
Statement relating to 213 Bond Street, Inc.'s First Amended Chapter
11 Plan of Reorganization proposed by the Debtor, each dated Feb.
28, 2017.

A hearing to consider confirmation of the Plan will be held on Aug.
17, 2017, at 2:00 p.m.  Objections, if any, to the confirmation of
the Plan must be filed by Aug. 10, 2017, at 5:00 p.m.

The Debtor filed a first amended disclosure statement dated July
17, 2017, in connection with the first amended Chapter 11 plan of
reorganization.

The Plan contemplates a sale of certain real property located at
213 Bond Street, Brooklyn, New York 11217, Block 405, Lot 7 to the
successful bidder at an auction which will be conducted in
accordance with the bid procedures.

The Debtor has entered into a proposed Contract of Sale With
Leaseback with 213 BS Holdings LLC pursuant to which, and among
other things, 213 BS Holdings LLC has agreed to purchase the
Property "as is" and not subject to any financing contingency, for
the sum of $1,125,000 and subject to any higher or better offers.
213 BS Holdings has also agreed to enter into a seven year "Triple
Net Lease" of the Property with the Debtor subsequent to the
conveyance of title.  213 BS Holdings' offer will serve as a
"stalking horse" bid for the Property at the Auction.  The Auction
will be immediately followed by a hearing to approve the sale of
the Property to the Successful Bidder at the Auction.  The closing
on the sale of the Property will take place subsequent to
Confirmation of the Plan.

Prior to and following the Petition Date, the Debtor, with the
assistance of its professionals, has been marketing the Property to
potential purchasers in the hopes of obtaining an offer which would
generate sufficient funds to satisfy the liens and obligations
against the Property and result in a distribution to unsecured
creditors.  The Debtor had entered into extensive negotiations with
a potential purchaser regarding a sale of the Property for $1
million with a 25 year "leaseback" to the Debtor which would have
served as a "stalking horse" offer for the Property.  However,
those negotiations (as well as negotiations with multiple other
parties potentially interested in the Property) ultimately failed.
Thereafter, the Debtor engaged the Broker to market the Property
for sale.  As a result of those efforts, the Debtor was introduced
to 213 BS Holdings by the Broker and extensive arms-length
negotiations with an asking price the assistance of independent
counsel ensued as to mutually agreeable terms of a sale of the
Property.  The Debtor and 213 BS Holdings subsequently entered into
a proposed Contract of Sale With Leaseback pursuant to which, and
among other things, 213 BS Holdings has agreed to purchase the
Property, "as is" and not subject to any financing contingency, for
the sum of $1,125,000 and subject to any higher or better offers.
213 BS Holdings has also agreed to enter into a seven-year "Triple
Net Lease" of the Property with the Debtor subsequent to the
conveyance of title.  

The Debtor has filed separate motions with the Bankruptcy Court
seeking: (a) to establish the Bid Procedures that will govern the
Debtor’s proposed sale of the Property at the Auction (a hearing
is scheduled to be held on July 26, 2017, with regard to said
motion); and (b) approval of the sale of the Property to the
"stalking horse" bidder or to such other party making the highest
and best bid at an Auction.  The Auction has been scheduled to be
held on Aug. 17, 2017, and will be immediately followed by a
hearing to approve the sale of the Property to the Successful
Bidder at the Auction.  

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

          http://bankrupt.com/misc/nyeb16-45132-59.pdf

As reported by the Troubled Company Reporter on March 28, 2017, the
Debtor filed a First Amended Disclosure Statement, which stated
that each holder of Class 5 General Unsecured Claims -- estimated
at less than $500 -- will receive on account of the claim the full
amount of its Allowed Class 5 General Unsecured Claim, with
interest at the applicable rate, if any, in cash on the Effective
Date or as soon thereafter as is reasonably practicable.

                   About 213 Bond Street Inc.

213 Bond Street Inc. owns a commercial located at 213 Bond St,
Brooklyn, New York 11217, in the area is commonly known as Gowanus.
213 Bond Street Inc filed a voluntary petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. E.D.N.Y. Case No.
16-45132) on Nov. 15, 2016, listing under $1 million in both assets
and liabilities.  

Lawrence Morrison, Esq., at Morrison Tenenbaum PLLC, serves as
counsel to the Debtor.  Gotham Business Consultants Ltd. is the
Debtor's accountant.

The primary impetus for the Debtor's Chapter 11 filing was a
pending foreclosure action commenced by JP Morgan Chase Bank N.A.
on the property located at 213 Bond Street, Brooklyn, New York.


ACCURIDE CORP: Egan-Jones Withdraws 'B-' LC Sr. Unsec. Debt Rating
------------------------------------------------------------------
Egan-Jones Ratings Company, on June 9, 2017, withdrew the B- local
currency senior unsecured rating on debt issue by Accuride Corp.

Accuride, headquartered in Evansville, Indiana, is a North American
and European manufacturer and supplier of commercial vehicle
components including wheels and wheel-end components.


ADVANCED MICRO: Q2 Revenue Increased 19 Percent Year-Over-Year
--------------------------------------------------------------
Advanced Micro Devices Inc. announced revenue for the second
quarter of 2017 of $1.22 billion, operating income of $25 million,
and net loss of $16 million, or $(0.02) per share.  On a
non-GAAP(1) basis, operating income was $49 million, net income was
$19 million, and earnings per share was $0.02.

"Our second quarter results demonstrate strong growth driven by
leadership products and focused execution," said Dr. Lisa Su, AMD
president and CEO.  "Our Ryzen desktop processors, Vega GPUs, and
EPYC datacenter products have received tremendous industry
recognition.  We are very pleased with our improved financial
performance, including double digit revenue growth and
year-over-year gross margin expansion on the strength of our new
products."

                       Q2 2017 Results

   * On a GAAP basis, revenue was $1.22 billion, up 19 percent
     year-over-year, driven by higher revenue in the Computing and
     Graphics segment.  Revenue was up 24 percent sequentially,
     driven by increased sales in both business segments.  Gross   

     margin was 33 percent, up 2 percentage points year-over-year
     due to a richer product mix and a higher percentage of
     revenue from the Computing and Graphics segment, driven by
     the first full quarter of Ryzen processor sales.  On a
     sequential basis, gross margin declined 1 percentage point
     due to a higher percentage of revenue from the Enterprise,
     Embedded and Semi-Custom segment.  Operating income was $25
     million compared to an operating loss of $8 million a year
     ago and an operating loss of $29 million in the prior
     quarter.  Net loss was $16 million compared to net income of
     $69 million a year ago and a net loss of $73 million in the
     prior quarter.  Loss per share was $0.02 compared to diluted
     earnings per share of $0.08 a year ago (which included a pre-
     tax gain of $150 million related to our ATMP JV transaction)
     and a loss per share of $0.08 in the prior quarter.

   * On a non-GAAP(1) basis, operating income was $49 million
     compared to operating income of $3 million a year ago and an
     operating loss of $6 million in the prior quarter.  Net
     income was $19 million compared to a net loss of $40 million
     a year ago and a net loss of $38 million in the prior
     quarter.  Diluted earnings per share was $0.02 compared to a
     loss per share of $0.05 a year ago and a loss per share of
     $0.04 in the prior quarter.

   * Cash, cash equivalents, and marketable securities were $844
     million at the end of the quarter, compared to $943 million
     in the prior quarter.

                Quarterly Financial Segment Summary

   * Computing and Graphics segment revenue was $659 million, up
     51 percent year-over-year, driven by demand for graphics and
     Ryzen desktop processors.

       - Operating income was $7 million, compared to an operating

         loss of $81 million in Q2 2016.  The year-over-year
         improvement was driven primarily by higher revenue and
         improved product mix.

       - Client average selling price (ASP) increased
         significantly year-over-year, as desktop processor ASP
         increased due to the first full quarter of Ryzen
         processor shipments.

       - GPU ASP increased year-over-year.

   * Enterprise, Embedded and Semi-Custom segment revenue was $563
     million, down 5 percent year-over-year primarily due to lower
     semi-custom SoC sales.  In the quarter, AMD reached an
     important milestone by recognizing initial revenue from EPYC
     datacenter processor shipments.

       - Operating income was $42 million, compared to operating
         income of $84 million in Q2 2016.  The year-over-year
         decrease was primarily due to lower revenue and higher
         datacenter related R&D investments.

       - All Other operating loss was $24 million compared with an
         operating loss of $11 million in Q2 2016.  The year-over-
         year difference in operating loss was related to stock-
         based compensation charges and a $7 million restructuring

         credit in Q2 2016.

Q2 2017 Highlights

   * AMD launched its new "Zen" architecture-based EPYC 7000
     series processors, returning innovation and choice to the x86
     server market with record setting single and dual-socket
     performance and product introductions from 10 of the world's
     largest server manufacturers.

   * AMD introduced its upcoming high-end desktop solution
     targeted at the world's fastest ultra-premium desktop
     systems, the Ryzen Threadripper CPU.

   * AMD unveiled new details about its upcoming Ryzen 3 desktop
     CPUs.

   * AMD launched its Ryzen PRO desktop processors, designed to
     bring reliability, security, and performance to enterprise
     desktops.

   * AMD announced that Radeon Instinct accelerators, including
     Radeon Instinct MI25, MI8, and MI6, together with AMD's open
     ROCm 1.6 software platform, will ship in Q3 2017.

   * AMD launched the Radeon Vega Frontier Edition graphics card
     which expands the capacity of traditional GPU memory to 256TB
     by leveraging system memory.

   * AMD introduced the Radeon RX 580 and Radeon RX 570 graphics
     cards, engineered using the 2nd generation Polaris
     architecture for smooth gaming in leading AAA games at HD
     resolutions and higher.

  * Microsoft unveiled new details and branding for its Xbox One
    X (formerly "Project Scorpio"), which features an AMD semi-
    custom chip.

  * AMD announced that it has been selected by the Department of
    Energy's Exascale Computing Project (ECP) to accelerate
    critical computing technology research for the development of
    the nation's first exascale supercomputers.

  * At Financial Analyst Day, AMD detailed the next phase of its
    long-term growth strategy focused on delivering products and
    technologies for a combined $60 billion market for PCs,
    immersive devices, and datacenters.

  * AMD announced the appointment of Abhi Y. Talwalkar to its
    board of directors.

                      Current Outlook

AMD's outlook statements are based on current expectations.  The
following statements are forward-looking, and actual results could
differ materially depending on market conditions and the factors
set forth under "Cautionary Statement" below.

For the third quarter of 2017, AMD expects revenue to increase
approximately 23 percent sequentially, plus or minus 3 percent. The
midpoint of guidance would result in third quarter 2017 revenue
increasing approximately 15 percent year-over-year.  AMD now
expects annual revenue to increase by a mid to high-teens
percentage, compared to prior guidance of low double digit
percentage revenue growth.

For additional details regarding AMD's results and outlook please
see the CFO commentary posted at https://is.gd/ZZIZeH

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

                     https://is.gd/gKLruM

                 About Advanced Micro Devices

Sunnyvale, California-based Advanced Micro Devices, Inc.,
(NASDAQ:AMD) is a global semiconductor company.  AMD --
http://www.amd.com/-- offers x86 microprocessors, as a standalone
central processing unit (CPU) or as incorporated into an
accelerated processing unit (APU), chipsets, and discrete graphics
processing units (GPUs) for the consumer, commercial and
professional graphics markets, and server and embedded CPUs, GPUs
and APUs, and semi-custom System-on-Chip (SoC) products and
technology for game consoles.

AMD incurred a net loss of $497 million for the year ended  Dec.
31, 2016, a net loss of $660 million for the year ended Dec. 26,
2015, and a net loss of $403 million for the year ended Dec. 27,
2014.  As of July 1, 2017, AMD had $3.37 billion in total assets,
$2.95 billion in total liabilities and $417 million in total
stockholders' equity.

                       *     *     *

In March 2017, S&P Global Ratings said it raised its corporate
credit rating on Sunnyvale, Calif.-based Advanced Micro Devices to
'B-' from 'CCC+'.  The outlook is stable.  "Our upgrade reflects
our view of the Company's capital structure as sustainable
following a series of deleveraging transactions, a return to
revenue growth, and improving, if still weak, profitability," said
S&P Global Ratings credit analyst James Thomas.

As reported by the TCR on Feb. 9, 2017, Moody's Investors Service
upgraded Advanced Micro Devices, Inc.'s corporate family rating to
B3, senior unsecured rating to Caa1, and speculative grade
liquidity rating to SGL-1.  The outlook is stable.  The upgrade of
the corporate family rating to B3 reflects AMD's improved
performance outlook, driven by design wins, modest market share
gains, and an expanded set of product offerings.


ADVANTAGE ENERGY: Involuntary Chapter 11 Case Summary
-----------------------------------------------------
Alleged Debtor: Advantage Energy Joint Venture
                6699 Port West Dr., Suite 160
                Houston, TX 77024

About the Debtor: Advantage Energy's principal place
                  of business is at 6699 Port West Dr.,
                  Houston, TX 77024.

Involuntary Chapter 11 Petition Date: July 26, 2017

Case Number: 17-34469

Court: United States Bankruptcy Court
       Southern District of Texas (Houston)

Judge: Hon. Jeff Bohm

Petitioners' Counsel: Gregg K. Saxe, Esq.
                      LAW OFFICE OF GREGG SAXE, P.C.
                      6666 Harwin Dr, Ste 600
                      Houston, TX 77036
                      Tel: 713-995-5733
                      Fax: 713-995-5122
                      E-mail: gsaxe@sbcglobal.net

Alleged creditors who signed the involuntary petition:

   Petitioners                  Nature of Claim  Claim Amount
   -----------                  ---------------  ------------
Consultants International       General Partner      N/A
Services LP
Three Riverway, Suite 1025
Houston, TX 77056

Meredith Interests Consulting LP General Partner     N/A
Three Riverway, Suite 1025
Houston, TX 77056

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

       http://bankrupt.com/misc/txsb17-34469.pdf


AL IMAN PLAZA: Voluntary Chapter 11 Case Summary
------------------------------------------------
Debtor: Al Iman Plaza Inc.
        2008 Westchester Avenue
        Bronx, NY 10462

Type of Business:     Established in 2009, Al Iman Plaza is a
                      privately held company in Bronx, NY,
                      engaged in real estate investing.

Chapter 11 Petition Date: July 27, 2017

Case No.: 17-12072

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

Judge: Hon. Martin Glenn

Debtor's Counsel: Carlos Gonzalez, Esq.
                  GONZALEZ LAW ASSOCIATES
                  380 Lexington Ave, 17th floor
                  New York, NY 10168
                  Tel: 212-405-2234
                  Fax: 888-456-5971
                  E-mail: cgonzalezesq@aol.com
                          cgonzalez@glafirm.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Isa Mamudoski, owner/CEO.

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

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

         http://bankrupt.com/misc/nysb17-12072.pdf


ALCOIL USA: Voluntary Chapter 11 Case Summary
---------------------------------------------
Debtor: Alcoil USA, LLC
        3627 Sandhurst Drive
        York, PA 17406

Type of Business:     Alcoil -- http://www.alcoil.net/-- is a
                      manufacturer of all-aluminum micro-channel
                      heat exchangers for the air conditioning,
                      refrigeration, ventilation, heating, and
                      industrial process industries.  It
                      specializes in airside condensers,
                      evaporators, heating/cooling coils, oil
                      coolers, and process applications.  Alcoil
                      supports a wide range of OEM and replacement

                      applications.

Chapter 11 Petition Date: July 26, 2017

Case No.: 17-03078

Court: United States Bankruptcy Court
       Middle District of Pennsylvania (Harrisburg)

Judge: Hon. Henry W. Van Eck

Debtor's Counsel: Robert E Chernicoff, Esq.
                  CUNNINGHAM, CHERNICOFF & WARSHAWSKY, P.C.
                  2320 North Second Street
                  Harrisburg, PA 17110
                  Tel: 717 238-6570
                  Fax: 717 238-4809
                  E-mail: rec@cclawpc.com

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Steve Wand, president.

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

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

        http://bankrupt.com/misc/pamb17-03078.pdf


ALL RESORT GROUP: Hires Eide Bailly as Accountant
-------------------------------------------------
All Resort Group Inc., et al., seek authority from the U.S.
Bankruptcy Court for the District of Utah to employ Eide Bailly
LLP, as accountant to the Debtors.

All Resort Group requires Eide Bailly to:

   -- review the Consolidated Financial Statements of the
      Debtors; and

   -- prepare the 2016 Consolidated Tax Returns for the Debtor,
      and any related documents.

Eide Bailly will be paid at these hourly rates:

     Partners/Senior Managers/Executives            $280-$320
     Audit and Tax Senior Associates/Managers       $125-$175

Eide Bailly is listed as an unsecured creditor by the Debtors in
the sum of $450, but Eide Bailly waived the claim.

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

Ted L. Hill, partner of Eide Bailly LLP, assured the Court that the
firm is a "disinterested person" as the term is defined in Section
101(14) of the Bankruptcy Code and does not represent any interest
adverse to the Debtors and their estates.

Eide Bailly can be reached at:

     Ted L. Hill
     EIDE BAILLY LLP
     5 Triad Center, Suite 600
     Salt Lake City, UT 84180-1106
     Tel: (801) 532-2200

                 About All Resort Group Inc.

All Resort Group, Inc. -- http://www.allresort.com/-- is a
diversified transportation services company providing a variety of
types of transportation services to both the general public and
corporate customer through its fleet of SUVs, sedans, private vans,
and stretch conversion vehicles. It also provides transportation
services to larger groups traveling to a single destination such as
business conferences, tours or large gatherings using motor coaches
and mini buses. In addition, it provides shuttle services to
employees at the Rio Tinto Kennecott Mine.

The Debtor filed a Chapter 11 petition (Bankr. D. Utah Case No.
17-23687) on April 28, 2017. J.L. Killingsworth, president, signed
the petition. At the time of the filing, the Debtor estimated
assets and debt at $10 million to $50 million.

The case is assigned to Judge R. Kimball Mosier. Anna W. Drake,
Esq., at Anna W. Drake, P.C., represents the Debtor as bankruptcy
counsel. The Debtor hired GlassRatner Advisory & Capital Group,
LLC, as its financial advisor.

On May 19, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.


AM CASTLE: US Trustee Objects to Plan of Reorganization
-------------------------------------------------------
BankruptcyData.com reported that the U.S. Trustee assigned to the
A.M. Castle & Co. case filed with the U.S. Bankruptcy Court an
objection to the Company's Plan of Reorganization. The Trustee
asserts, "A plan must divide creditors into classes, describe each
class's class, and permit impaired classes to vote. Under the
Debtors' plan, general unsecured creditors' claims 'pass through'
as though the bankruptcy cases were never filed. General unsecured
creditors cannot vote on the Plan, because their claims are
classified as unimpaired. Releases like the ones contained in the
Plan are only appropriate (if they can be granted at all) if the
released parties demonstrate that they have all provided
consideration and all releasing parties have knowledge of and an
opportunity to object to the releases. Not so here. Most unsecured
creditors in these cases have had no notice of the releases, to say
nothing of their "related persons". Many released parties are
contributing nothing. Thus, the Debtors have not met their burden
and may not grant or receive the requested releases. Further, the
Debtors' proposed exculpations cover many non-estate fiduciaries
(like the employees of released parties' affiliates). This is
neither permitted by Delaware bankruptcy courts nor reasonable."

               About Keystone Tube Company
                      and A. M. Castle

Founded in 1890, and based in Oak Brook, Illinois, A. M. Castle &
Co. (OTCQB:CASL) is a global distributor of specialty metal and
supply chain services, principally serving the producer durable
equipment, commercial aircraft, heavy equipment, industrial goods,
construction equipment, and retail sectors of the global economy.
It specializes in the distribution of alloy and stainless steels;
nickel alloys; aluminum and carbon. Together, A.M. Castle and its
affiliated companies operate out of 21 metals service centers
located throughout North America, Europe and Asia.

The Company disclosed $339.2 million in assets and $388.4 million
in liabilities as of March 31, 2017.

On June 18, 2017, A.M. Castle & Co., Keystone Tube Company, LLC,
and three related entities sought Chapter 11 protection to seek
confirmation of a Prepackaged Joint Chapter 11 Plan of
Reorganization.  The cases are jointly administered under the lead
case of Keystone Tube Company (Bankr. D. Del. Case No. 17-11330)
and are pending before the Honorable Laurie Selber Silverstein.

The Debtors tapped Pachulski Stang Ziel & Jones LLP as counsel,
Imperial Capital, LLC, as financial advisor, Deloitte Tax LLP, as
tax advisor; Deloitte & Touche LLP as tax auditor; Ernst & Young
LLC as tax services provider and Fenwick & West LLP, as tax
counsel. Kurtzman Carson Consultants LLC is the
claims and solicitation agent.

Creditors that are parties to the Restructuring Support Agreement
("Consenting Creditors") tapped Paul, Weiss, Rifkind, Wharton &
Garrison LLP as legal counsel; Conaway Stargatt & Taylor, LLP, as
co-counsel; and Ducera Partners LLC, as financial advisor.

Consenting Creditor SGF, Inc tapped Goodwin Procter LLP and Pepper
Hamilton LLP as counsel.

Shipman Goodwin LLP serves as counsel to the First Lien Agent.

No official committee has been appointed in the case.


APX GROUP: Moody's Lowers Corporate Family Rating to B3
-------------------------------------------------------
Moody's Investors Service downgraded alarm monitor APX Group,
Inc.'s (dba "Vivint") Corporate Family Rating ("CFR") to B3, from
B2, and its Probability of Default Rating ("PDR") to B3-PD, from
B2-PD; downgraded existing senior unsecured notes to Caa2 (LGD5),
from Caa1 (LGD5); affirmed the B1 (LGD2) instrument rating on
existing senior secured notes; and assigned Caa2 (LGD5) instrument
ratings on Vivint's new, $400 million senior unsecured notes.
Moody's also affirmed Vivint's SGL-3 Speculative Grade Liquidity
rating.

The $400 million of proceeds from the new unsecured debt issuance
will be used to pay down $150 million of existing senior secured
notes and their associated call premium, pay down any revolver
borrowings, provide significant balance sheet cash for general
corporate purposes, and pay for transaction fees and expenses. The
rating outlook is stable.

Downgrades:

Issuer: APX Group, Inc.

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

-- Corporate Family Rating, Downgraded to B3 from B2

-- Senior Unsecured Regular Bond/Debenture, Downgraded to Caa2
    (LGD5) from Caa1 (LGD5)

Assignments:

Issuer: APX Group, Inc.

-- Senior Unsecured Regular Bond/Debenture (Local Currency),
    Assigned Caa2 (LGD5)

Outlook Actions:

Issuer: APX Group, Inc.

-- Outlook, Remains Stable

Affirmations:

Issuer: APX Group, Inc.

-- Speculative Grade Liquidity Rating, Affirmed SGL-3

-- Senior Secured Regular Bond/Debenture, Affirmed B1 (LGD2 from
    LGD3)

RATINGS RATIONALE

Vivint had been weakly positioned in the B2 ratings category for an
extended period because of persistently high leverage levels
relative to its alarm-monitoring competitors, and this latest
financing adds more than two turns to Moody's-adjusted debt-to-RMR
("recurring monthly revenue"), bringing the leverage measure to
about 42 times, more in keeping with Vivint's B3-rated peers. The
B3 CFR also reflects Moody's expectations that steady state free
cash flow ("SSFCF"), already weak, will fall to about breakeven or
lower as interest expenses rise moderately and as Vivint undertakes
additional spending for new channel expansion through its recently
announced agreement with the Best Buy retail chain.

Both the Flex Pay vendor financing, announced in January, and Best
Buy programs are expected to help reduce creation costs, albeit to
a degree difficult to estimate this early in their roll-outs. Since
revenue from Citizens Bank-financed customers in the Flex Pay
program is deferred, and in the Best Buy arrangement Vivint will
share both revenues and costs with the retail chain, associated
revenues will moderate, which in turn will negatively impact the
debt/RMR measure, at least in the short run. With creation costs
easing and Vivint no longer shouldering upfront equipment costs,
over time the company's historic need for large, periodic debt
raises should lessen, and debt/RMR may show substantial
improvement. In the meantime, however, Vivint's major operational
push will be the Best Buy store-within-a-store agreement, which
will require new management layers, new IT systems, and about a
thousand new employees for the 400-store rollout. The company,
Moody's believes, will rely heavily on its revolving credit
facility, and not just to support the Best Buy program but to
finance large expenditures for its historically aggressive new
subscriber growth. Moody's expects that additional debt raises are
likely. Moody's notes too that Vivint's ongoing growth initiatives
have had only modest equity backing.

While revenue, RMR, and subscriber growth have all been strong and
consistent, the cost of achieving that growth, in the face of
(improving) attrition rates of about 12.0%, has kept
Moody's-adjusted debt-to-RMR leverage at around 40 times, and, with
this latest financing, decidedly above that level. The stable
ratings outlook is supported by the highly predictable revenue
streams that monitoring contracts provide, and by expectations for
adequate liquidity despite substantial growth-related cash flow
shortfalls. Vivint's current cash balance is de minimus, but the
new financing will provide substantial cash and free up all
availability under the $289 million revolver commitment (a $21
million portion of which expires in November 2017). Moody's expects
Vivint's strong first quarter 2017 operating momentum to continue
for the year, with high-teen-percentage top line growth supported
by nearly 86% adoption rates (by new subscribers) of its Smart Home
products, which generate clear industry-leading average
RMR-per-subscriber metrics and typically have lower attrition
rates.

The ratings could be upgraded if Vivint sustains debt-to-RMR below
40-times, and free-cash-flow (before growth spending) -to-debt in
the mid-single digit percentages, while maintaining a good
liquidity profile with pool attrition rates at or better than
industry averages. The ratings could be downgraded if: i) Moody's
expects free cash flow (before growth spending) to turn negative
for a prolonged period; ii) the company fails to maintain in
adequate liquidity profile; or iii) attrition rates are expected to
remain above 13%.

APX Group, Inc. (dba "Vivint") provides alarm monitoring and home
automation services to 1.15 million residential subscribers in
North America. Moody's expects 2017 sales of roughly $850 million,
making it the second-largest provider of home security and
automation services, well behind the combined P1/ADT. As the result
of a late 2012 acquisition, Vivint is majority-owned by The
Blackstone Group, while its management team has maintained a
meaningful ownership stake.

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


AUTHENTIDATE HOLDING: Gulzar Roy Has 6.6% Stake as of Dec. 15
-------------------------------------------------------------
Gulzar Roy, a non-executive employee of Authentidate Holding Corp.,
disclosed in a Schedule 13D filed with the Securities and Exchange
Commission that as of Dec. 15, 2016, he beneficially owns
482,419 of common stock of the Company representing 6.6 percent
based on 7,249,370 shares of Common Stock of Authentidate Holding
outstanding.

Mr. Roy received his shares of Common Stock in connection with the
merger between Authentidate Holding and Peachstate Health
Management LLC, d/b/a AEON Clinical Laboratories.  The sole
consideration for those securities paid by Mr. Roy was the
membership interests in AEON beneficially owned by such Reporting
Person and tendered in the Merger.  Prior to the Merger, Mr. Roy
beneficially owned approximately 20.0% of the membership interests
in AEON.  Upon consummation of the Merger, Mr. Roy was issued
191,606 shares of at the closing and was granted the right to
receive his proportional interest in the additional shares of
Issuer's Common Stock to be subsequently issued pursuant to the
Merger Agreement, including the shares of Common Stock issued on
Dec. 16, 2016.

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

                     https://is.gd/qZjQIm

                       About Authentidate

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

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

Authentidate posted net income of $5.26 million on $34.57 million
of total net revenues for the year ended June 30, 2016, compared to
net income of $9.23 million on $24.44 million of total net revenues
for the year ended June 30, 2015.  As of Dec. 31, 2016,
Authentidate had $48.44 million in total assets, $9.06 million in
total liabilities and $39.37 million in total shareholders'
equity.

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


AUTHENTIDATE HOLDING: Sohail Ali Owns 6.6% Stake as of Dec. 15
--------------------------------------------------------------
In a Schedule 13D filed with the Securities and Exchange
Commission, Sohail Ali reported that as of Dec. 15, 2016, he
beneficially owns 482,419 shares of common stock, par value $0.001
per share, of Authentidate Holding Corp. representing 6.6 percent
based on 7,249,370 shares of Common Stock of Authentidate Holding
Corp.  Mr. Ali is presently a non-executive employee of
Authentidate Holding.

Mr. Ali received his shares of Common Stock in connection with the
merger between Authentidate Holding and Peachstate Health
Management LLC, d/b/a AEON Clinical Laboratories.  The sole
consideration for those securities paid by Mr. Ali was the
membership interests in AEON beneficially owned by him and tendered
in the Merger.  Prior to the Merger, Mr. Ali beneficially owned
approximately 20.0% of the membership interests in AEON.  Upon
consummation of the Merger, he was issued 191,606 shares of at the
closing and was granted the right to receive his proportional
interest in the additional shares of Authentidate Holding's Common
Stock to be subsequently issued pursuant to the Merger Agreement,
including the shares of Common Stock issued on Dec. 16, 2016.

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

                    https://is.gd/Df8zND
  
                     About Authentidate

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

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

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

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

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


BAHATI LLC: Hires Allan D. NewDelman as Counsel
-----------------------------------------------
Bahati, LLC, seeks authority from the U.S. Bankruptcy Court for the
District of Arizona to employ Allan D. NewDelman, P.C., as counsel
to the Debtor.

Bahati, LLC requires Allan D. NewDelman to:

   a. give the Debtor legal advice with respect to all matters
      related to this case;

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

   c. perform all other legal services for the Debtor which may
      be necessary in the case.

Allan D. NewDelman will be paid at these hourly rates:

     Allan D. NewDelman               $395
     Roberta J. Sunkin                $315
     Paralegal                        $150-$200

Allan D. NewDelman will also be reimbursed for reasonable
out-of-pocket expenses incurred.

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

Allan D. NewDelman can be reached at:

     Allan D. NewDelman, Esq.
     ALLAN D. NEWDELMAN, P.C.
     80 East Columbus Avenue
     Phoenix, AZ 85012
     Tel: (602) 264-4550
     E-mail: anewdelman@adnlaw.net

                   About Bahati, LLC

BAHATI, LLC, filed a Chapter 11 bankruptcy petition (Bankr. D.
Ariz. Case No. 17-07441) on June 29, 2017, disclosing under $1
million in both assets and liabilities. The petition was filed pro
se.


BCBG MAX AZRIA: Expects Sale Closings by July 31
------------------------------------------------
BCBG Max Azria Group, LLC, on July 26, 2017, disclosed that the
United States Bankruptcy Court for the Southern District of New
York has confirmed the Company's comprehensive restructuring plan
which contemplates the sale of substantially all the assets of the
Company and certain of its affiliates to Marquee Brands LLC and
Global Brands Group Holding Limited.

The transactions with Marquee and Global Brands are expected to be
completed shortly and are anticipated to close on or before July
31, 2017.

"BCBG has accomplished its goal to remain a viable, creative and
strong brand through the sale transactions with Marquee and Global
Brands," said Marty Staff, Acting Interim Chief Executive Officer
of BCBG Max Azria Group, LLC.  "I would like to thank the BCBG team
and all parties involved for their hard work.  While there is no
question that this has been a difficult process, we can all be
appreciative of the significant efforts made by so many
stakeholders to agree to a path forward for BCBG and its
employees."  

Additional information regarding the Company's Chapter 11 process
can be found at https://www.donlinrecano.com/bcbg

BCBG Max Azria Group, LLC is being advised by AlixPartners, LLP and
Jefferies LLC as its restructuring advisors, and by Kirkland &
Ellis LLP as its legal advisor.

Marquee Brands is being advised by Moore & Van Allen PLLC as its
legal advisor.

Global Brands Group is being advised by Reed Smith LLP as its legal
advisor.

                    About BCBG Max Azria Group

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

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

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

On March 9, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.

On March 1, 2017, the Debtors filed a joint Chapter 11 plan of
reorganization.


BCBG MAX AZRIA: Lubov Azria's $7MM 'Golden Parachute' Denied
------------------------------------------------------------
U.S. Bankruptcy Judge Shelley Chapman in New York on July 25, 2017,
denied an attempt by Lubov Azria, the wife of founder Max Azria, to
seek immediate payment of nearly $7 million in lost wages and a
golden-parachute payout, Apparel News reports.

Debtor BCBG Max Azria Group, LLC and Mrs. Azria were party to an
Employment Agreement, dated Feb. 5, 2015, pursuant to which Mrs.
Azria was employed as BCBG Group's Chief Creative Officer.  Mrs.
Arzia claimed that she entered into the Employment Agreement as
part of an out-of-court restructuring agreement in 2015 with
investors, including affiliates of Guggenheim Partners Investment
Management.  The deal reduced the Azria family's 100 percent
ownership of the Company to 20 percent.

In connection with their Chapter 11 restructuring efforts, the
Debtors determined to part ways with Mrs. Azria.  On March, 8,
2017, BCBG Group gave notice to Mrs. Azria of this decision, which
would become effective as of May 7, 2017.

On May 9, 2017, the Court approved the rejection of the Employment
Agreement effective March 8, 2017.  The Azrias appealed the
Rejection Order.

Mrs. Azria and her husband, Max Azria, contested the Debtors'
ability to reject the Employment Agreement, arguing that it is
integrated with certain other documents, and initiated an adversary
proceeding on March 21, 2017.  After significant briefing and a
hearing held on April 24, 2017, the Court determined that the
Employment Agreement is not integrated with any other agreements.

On June 6, 2017, Mrs. Azria filed a proof of claim, asserting an
administrative expense priority claim of not less than $6,714,500
following BCBG Group's rejection of the Employment Agreement.   The
claim amounts to over eight months' salary, in addition to a $5
million "golden parachute" payment.

"The law in this Circuit has been consistent for the last 50 years:
true severance pay – that is, compensation for the hardships
associated specifically with termination of the
employment relationship – is an administrative expense when the
event that triggered the employee's entitlement to severance (i.e.,
the firing) occurred postpetition," lawyers for Mrs. Azria argued.

"The severance payment due on account of the Debtors' postpetition
firing of Ms. Azria is true severance because it is and was
specifically designed to compensate her for the hardships
associated with termination, which here include an exceptionally
broad non-compete that bars Ms. Azria's employment throughout the
fashion industry through January 2022, a ban on using her own name
and likeness and even social media in connection with any future
business endeavors for the foreseeable future, and a series of
other onerous restrictions on Ms. Azria's ability to earn her
livelihood in her chosen profession."

Lawyers for the Debtors disagreed.

The Debtors asked that the claim be reclassified as a general
unsecured claim and reduced in amount to $1,709,114 on account of
the cap on damages imposed by Section 502(b)(7) of the Bankruptcy
Code.

The Debtors' counsel, Joshua A. Sussberg, P.C., Esq., at Kirkland &
Ellis LLP, points out that, citing Trustees of Amalgamated Ins.
Fund v. McFarlin's, Inc., 789 F.2d 98, 101 (2d Cir. 1986), that the
Second Circuit has explained that an expense satisfies the
requirements of section 503(b)(1)(A) "only if it arises out of a
transaction between the creditor and the bankrupt's trustee or
debtor in possession," and "only to the extent that the
consideration supporting the claimant's right to payment was both
supplied to and beneficial to the debtor-in-possession in the
operation of the business."

According to Mr. Sussberg, the United States Bankruptcy Court for
the Southern District of New York has, on several occasions,
determined that claims similar to Mrs. Azria's do not satisfy this
standard, and are instead properly classified as general unsecured
claims subject to the cap on damages imposed by Section 502(b)(7).

"Most recently, in In re AppliedTheory Corp. (Bankr. S.D.N.Y.
2004), five of the debtor's former executives asserted claims for
severance pay arising out of their rejected employment agreements,
which entitled them to the amount of their base salaries payable
during a period ranging from two to four years after termination,
in an aggregate of $2.4 million.  AppliedTheory, 312 B.R. at 236.
These claims were ultimately characterized as general unsecured
claims because the executives' employment contracts were entered
into prepetition and subsequently rejected by the Debtors."

Attorneys for Lubov Azria:

         Thomas E. Patterson
         Robert J. Pfister
         Sasha M. Gurvitz
         KLEE, TUCHIN, BOGDANOFF & STERN LLP
         1999 Avenue of the Stars, Thirty-Ninth Floor
         Los Angeles, California 90067
         Tel.: (310) 407-4000

                - and -

         Martin D. Singer
         Todd S. Eagan
         LAVELY & SINGER P.C.
         2049 Century Park East, Suite 2400
         Los Angeles, California 90067
         Tel.: (310) 556-3501

                    About BCBG Max Azria Group

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

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

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

On March 9, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  The Committee retained
Robert J. Feinstein, Esq., and Bradford J. Sandler, Esq., at
Pachulski Stang Ziehl & Jones LLP, as counsel.


BENEFIT STREET III: S&P Assigns BB- Rating on Class D-R Notes
-------------------------------------------------------------
S&P Global Ratings assigned its ratings to the new class X notes
and the replacement class A1-R, A2-R, B-R, C-R, and D-R notes from
Benefit Street Partners CLO III Ltd., a collateralized loan
obligation (CLO) originally issued in 2013 that is managed by
Benefit Street Partners LLC. It withdrew its ratings on the
original class A-1a, A-1b, A-2, B, C, and D notes following payment
in full on the July 20, 2017, refinancing date.

On the July 20, 2017, refinancing date, the proceeds from the class
X, A1-R, A2-R, B-R, C-R, and D-R note issuances were used to redeem
the original class A-1a, A-1b, A-2, B, C, and D notes as outlined
in the transaction document provisions. S&P said, "Therefore, we
withdrew our ratings on the original notes in line with their full
redemption, and we are assigning ratings to the replacement notes."


The replacement notes are being issued via a redrafted indenture,
which, in addition to outlining the terms of the replacement notes,
will also:

-- Extend the reinvestment period, legal final maturity, and
non-call period;
-- Increase the allowable covenant-lite obligations to 60% from
50%; and
-- Include provisions intended to comply with risk retention
requirements.

S&p said, "Our review of this transaction included a cash flow
analysis, based on the portfolio and transaction as reflected in
the trustee report, to estimate future performance. In line with
our criteria, our cash flow scenarios applied forward-looking
assumptions on the expected timing and pattern of defaults, and
recoveries upon default, under various interest rate and
macroeconomic scenarios.

"In addition, our analysis considered the transaction's ability to
pay timely interest or ultimate principal, or both, to each of the
rated tranches.

"The assigned ratings reflect our opinion that the credit support
available is commensurate with the associated rating levels.

"We will continue to review whether, in our view, the ratings
assigned to the notes remain consistent with the credit enhancement
available to support them, and we will take rating actions as we
deem necessary."

RATINGS ASSIGNED

Benefit Street Partners CLO III Ltd.
  
Replacement class    Rating    Amount (mil $)

   X                   AAA (sf)         5.20
   A1-R                AAA (sf)       305.20
   A2-R                 AA (sf)        70.00
   B-R                   A (sf)        35.30
   C-R                BBB- (sf)        29.00
   D-R                 BB- (sf)        23.00

RATINGS WITHDRAWN

  Benefit Street Partners CLO III Ltd.
                Rating
  Original class    To       From
  A-1a         NR       AAA (sf)
  A-1b         NR       AAA (sf)
  A-2          NR       AA (sf)
  B            NR       A (sf)
  C            NR       BBB (sf)
  D            NR       BB (sf)


BIODATA MEDICAL: Care to Patients Falling Below Standard, PCO Says
------------------------------------------------------------------
Constance Doyle, patient care ombudsman for BioData Medical
Laboratories, Inc., filed a third interim report for the period of
May 1, 2017, to June 30, 2017.

The PCO finds that care provided to the patients by the Debtor is
falling below the standard of care, due to lack of supplies, staff
communication, as well as not meeting payroll.  The PCO says it is
impossible to perform patient care duties without the tools to do
the job, and turning patients away is not acceptable for
expected/routine services usually offered.  The Service
Centers/Draw Stations all perform their duties within the standard
when able to complete them, the PCO adds.

A full-text copy of the Third Interim PCO Report dated July 6,
2017, which is available at:

           http://bankrupt.com/misc/cacb16-20446-353.pdf

                     About BioData Medical

BioData Medical Laboratories, Inc., based in Montclair,
California,
owns and operates a medical testing business that provides medical
services for individuals.  

BioData Medical filed a Chapter 11 petition (Bankr. C.D. Cal. Case
No. 16-20446) on Nov. 28, 2016.  The petition was signed by Henry
Wallach, CEO.  In its petition, the Debtor disclosed $2.23 million
in assets and
$5.90 million in liabilities.

The Hon. Mark S. Wallace presides over the case.  

The Law Offices of Robert M. Yaspan serves as general bankruptcy
counsel to the Debtor; Darweesh, Lewis, Kelly & Von Dohlen, LLP as
special counsel; and Muhammad Khilji and his firm CFO & Tax
Solutions Inc. as accountant and business consultant.

Constance Doyle was appointed patient care ombudsman for the
Debtor.

Todd A. Frealy was named Chapter 11 Trustee for BioData Medical
Laboratories, nunc pro tunc to June 26, 2017.


BLACK PRESS: S&P Lowers CCR to 'B-' on Weaker Expected Earnings
---------------------------------------------------------------
S&P Global Ratings said it lowered its long-term corporate credit
rating on Black Press Ltd. to 'B-' from 'B' based on weaker
expected earnings and credit metrics, along with heightened
refinancing risks. The outlook is stable.

S&P Global Ratings also lowered its issue-level rating on the
company's senior secured first-lien notes to 'B+' from 'BB-'. The
'1' recovery rating on the notes is unchanged, indicating its
expectation for very high (90%-100%; rounded estimate 95%)
recovery.

S&P said, "The downgrade reflects our expectation that Black Press'
revenues and EBITDA will remain pressured following weak
advertising revenues reflecting economic weakness in some operating
regions along with a relatively fixed cost structure and limited
ability to further reduce expenses. We forecast that weaker EBITDA,
about 10%-15% lower than current levels, will lead to adjusted debt
leverage in the mid-to-high 4x area in fiscal 2018 (ending Feb. 28,
2018), compared with our previous assumption of below 4x. The
company exited first-quarter fiscal 2018 with debt to last 12
months EBITDA of about 4.5x due to lower revenues and an inflexible
cost structure. As a result, EBITDA margins will likely decline by
100 basis points from the previous year to about 15% in fiscal
2018, leading to lower cash flow generation than previously
expected. However, in spite our expectation of deteriorating
EBITDA, we believe scheduled annual debt repayment will offset any
material deterioration in credit metrics from current levels.

"The stable outlook reflects our expectation that Black Press will
maintain adjusted debt-to-EBITDA of about 4.5x-5.0x, as earnings
deterioration will likely offset scheduled debt repayment of C$30
million per year. In addition, we expect the company to address the
upcoming debt maturities in a timely fashion.

"We could lower the rating if weaker earnings persist and EBITDA
declines more than 20% over the next 12 months, leading to
deteriorated cash flows that might be insufficient to cover fixed
charges of about C$60 million. Furthermore, a downgrade could be
warranted if the company's covenant headroom declines from current
levels, limiting Black Press' financial flexibility and potentially
leading to non-compliance. In addition, given the imminent debt
maturities in June and December 2018, we could also lower the
rating if the company is unable to refinance its debt obligations
by early 2018.

"Although we view it as unlikely in the next 12 months, we could
raise the ratings if adjusted debt to-EBITDA declined to the mid-3x
area due to organic revenue and earnings growth, while taking into
account the prevailing newspaper industry conditions at the time."


BLOOMFIELD NURSING: Aug. 2 Hearing on Ombudsman Appointment
-----------------------------------------------------------
Pursuant to 11 U.S.C. Section 333(a)(1), the Court must order the
appointment of a patient care ombudsman within 30 days after the
commencement of the case, unless the Court finds that the
appointment of an ombudsman is not necessary for the protection of
patients under the specific facts of the case.

The U.S. Bankruptcy Court for the Northern District of Texas,
accordingly, sets a hearing on August 2, 2017, at 1:30 p.m. to
determine the issue of whether or not a patient care ombudsman must
be appointed in the Chapter 11 case of Bloomfield Nursing
Operations LLC.

The Debtor is directed to immediately serve notice to the
governmental regulatory authority, which regulates the Debtor's
business.   In order to provide the governmental regulatory
authority the ability to readily identify the Debtor's files, the
Debtor is directed to furnish the following information to the
governmental regulatory authority:

   A. All license numbers or other regulatory identification
numbers;

   B. All DBAs or trade names under which the Debtor operates;

   C. And the location of all of the Debtor's operating facilities,
including street and P.O. Box
addresses.

Bloomfield Nursing Operations LLC filed a Chapter 11 petition
(Bankr. N.D. Tex. Case No. 17-42796) on July 3, 2017, and is
represented by Jeff P. Prostok, Esq., at Forshey & Prostok, LLP.


BLUE DOG AT 399: Court Rejects Seyfarth's Bid to Modify Engagement
-------------------------------------------------------------------
Judge Michael E. Wiles of the U.S. Bankruptcy Court for the
Southern District of New York denied Seyfarth Shaw LLP's request to
enforce a purported agreement to a modification to Seyfarth's
retention terms, as well as the request to withdraw as Blue Dog at
399 Inc.'s counsel.

Seyfarth's proposed withdrawal raised two issues.

First, Seyfarth contends that it has not been paid by Elizabeth
Slavutsky, Blue Dog's equity owner, for the services it has
rendered since Nov. 2016. It asks permission to assert a so-called
retaining lien on the files that it holds and wants to refuse to
turn over those files to Blue Dog and to Blue Dog's other counsel
unless and until Seyfarth is paid the amounts it is owed.

Second, Seyfarth contends that Blue Dog agreed to settle the issues
relating to the retaining lien when the parties were before the
court on May 17, 2017. Seyfarth contends that terms that were
outlined in open court that day are legally binding upon the
Debtor, Blue Dog, and should be enforced by Judge Wiles.

Seyfarth contends that Judge Wiles do not need to consider the
merits of its assertion of a retaining lien and that Judge Wiles
should hold instead that Blue Dog and other parties are bound by
the terms of a tentative settlement that was announced in open
court on May 17. Mr. Fox, of the Seyfarth firm, stated that day
that the parties had reached an agreement that the Debtor's estate
would be responsible for any unpaid fees owed to the Seyfarth firm,
subject to proper application and subject to parties' rights to
object to the reasonableness of the fees sought under the normal
standards applicable under Section 330 of the Bankruptcy Code.
Seyfarth, in turn, would turn over all its files for the matter to
Blue Dog's other counsel.

After considering Seyfarth's contentions on this matter, Judge
Wiles rules that he does not approve of the proposed terms of
settlement. He believes they are unreasonable and not in the best
interest of the estate or its creditors. For that reason, Judge
Wiles deny Seyfarth’s motion for approval of the settlement, and
he would have denied approval of the settlement even if the debtor
itself had been bound by it and even if the debtor itself had
continued to pursue that settlement.

The request by Seyfarth to enforce a purported agreement to a
modification to Seyfarth's retention terms, as well as the request
for leave to withdraw based on the purported terms of the
settlement, is therefore denied.

In the issue of the retaining lien, Judge Wiles asserts that there
are very good reasons why the Court should be especially careful
about permitting a retaining lien in a bankruptcy case such as
this. If Blue Dog were not in bankruptcy, and if it were clearly
solvent, then one might argue that Ms. Slavutsky would have been
the person who would primarily benefit from the underlying
litigation. However, Blue Dog is in bankruptcy. It has no real
assets. It will not be a solvent entity unless the litigation with
the landlord succeeds, and succeeds in a very big way. The
creditors of Blue Dog have first call on any assets of Blue Dog,
including the fruits of any litigation, and the creditors' claims
have priority other any rights that Ms. Slavutsky would have as
Blue Dog's equity owner. A failure by Ms. Slavutsky to honor her
obligations to the Seyfarth firm, if it were to result in an
inability by Blue Dog to proceed with its litigation, would affect
not just Ms. Slavutsky but also all of the creditors of Blue Dog,
including other professionals. In other words, the consequences of
the proposed assertion of a retaining lien are not limited to Ms.
Slavutsky or even to Ms. Slavutsky and Blue Dog.

Seyfarth argues in its papers that the retaining lien gives it
leverage in its dispute with Ms. Slavutsky and that Seyfarth should
be allowed to keep that leverage even if it adversely affects Blue
Dog. However, one need look no further than what that leverage is
being used to try to accomplish to realize that it is
inappropriate. Here, the leverage has been used to attempt to force
Blue Dog itself to agree to modify the agreed terms under which the
Seyfarth firm was retained, and to agree after the fact to take on
liability for potentially more than $500,000 in fees. Seyfarth has
no right to change that court-approved retention agreement, and its
argument that it should be entitled to leverage in seeking to do so
rings

Without proof that the Debtor itself owes an unpaid obligation to
Seyfarth, and without proof that there is any principled basis on
which files could or should be divided somehow between those that
purportedly belong to Ms. Slavutsky as opposed to the Debtor, Judge
Seyfarth requires that Seyfarth turn over all of the files if he
were to approve a withdrawal of the Seyfarth firm.

In the absence of a complete and unrestrained turnover of all files
Judge Wiles expects the Seyfarth firm to continue as counsel. In
that capacity, Judge Wiles expects and requires the Seyfarth firm
to work diligently on the Debtor's behalf, including providing full
cooperation and sharing of its work product with co-counsel, all
based on the original understanding that the Debtor would not have
a financial obligation for the fees that were incurred. If Seyfarth
has difficulties communicating with Ms. Slavutsky it will have to
work that out using other counsel as an intermediary, if necessary.
Or if Ms. Slavutsky's conduct presents an insuperable obstacle to
the presentation of the case the affected parties may ask for the
appointment of a trustee.

A full-text copy of Judge Wiles Decision is available at:

     http://bankrupt.com/misc/nysb15-10694-110.pdf

Counsel for Blue Dog at 399 Inc.:

     Omid Zareh, Esq.
     WEINBERG ZAREH MALKIN PRICE LLP
     New York, New York
     omid@wzgllp.com

Counsel for Seyfarth Shaw LLP:

     Edward M. Fox, Esq.
     Owen Wolfe, Esq.
     SEYFARTH SHAW LLP
     New York, New York
     emfox@seyfarth.com
     owolfe@seyfarth.com

Counsel for the United States Trustee:

     Greg M. Zipes, Esq.
     UNITED STATES DEPARTMENT OF JUSTICE
     New York, New York


About Blue Dog at 399

Blue Dog at 399 Inc. filed a Chapter 11 petition (Bankr. S.D.N.Y.
Case No. 15-10694) on March 24, 2015.  In its petition, the Debtor
estimated $1 million to $10 million in both assets and
liabilities.
The petition was signed by Elizabeth Slavutsky, sole director and
shareholder.

Hon. Michael E. Wiles presides over the case.  Paul R. DeFilippo,
Esq., and John D. Giampolo, Esq., at Wollmuth Maher & Deutsch LLP
serves as the Debtor's counsel.

Landlord BP 399 Park Avenue LLC is represented by Menachem J.
Kastner, Esq., and Frederick E. Schmidt, Jr., Esq., at Cozen
O'Connor, PC.


BOSTON HOSPITALITY: Hires Service Plus as Accountant
----------------------------------------------------
Boston Hospitality Group, Inc., and its three debtor-affiliates
sought and obtained authorization from the U.S. Bankruptcy Court
for the Northern District of West Virginia to employ Service Plus,
Inc., as accountant.

The Debtors require the service of accountants to ensure its
compliance with applicable provisions of the Bankruptcy Code, the
Bankruptcy Rules, with regard to financial reporting and
accounting, and to maximize the likelihood of a successful
reorganization.

The Accountant to charge fees based upon its prevailing hourly
guideline rates which are set at $125.

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

Boston Hospitality owes the Accountant pre-petition debt totaling
$2,509.28 for accounting work it provided the Debtor. According,
the Accountant is notifying the Court of the pre-petition debt and
that the Accountant shall not attempt to collect on the
pre-petition debt owed to it by the Debtor.

John Witt, CPA, of Service Plus, Inc., assured the Court that he
does not represent any interest adverse to the Debtor and its
estates.

The Accountant may be reached at:

     John Witt, CPA
     Service Plus, Inc.
     599 East Brockway Ave
     P.O. Box 893
     Morgantown, WV 26507
     Tel: (304) 296-2522

                 About Boston Hospitality Group

Headquartered in Morgantown, West Virginia, Boston Hospitality
Group Inc. is a privately-held company operating under the
restaurants industry.  The Boston Beanery concept was patterned
after old Boston pubs from the 1800's, which at that time were
called Beaneries.  The company now has five Boston Beanery
locations across West Virginia, Pennsylvania, and Virginia.

Boston Hospitality, Beanery 119 LLC, Boston Restaurants - PA Inc.,
and Beanery Investment Group, Inc. sought protection under Chapter
11 of the Bankruptcy Code (Bankr. N.D. W.Va. Case Nos. 17-00710 to
17-00713) on July 1, 2017.  Patrick J. Padula, president, signed
the petition. The cases are jointly administered.

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

The Debtors hired Johnson Law LLC and J. Frederick Wiley, PLLC, as
counsel.


BP CHANEY: Case Summary & 9 Unsecured Creditors
-----------------------------------------------
Debtor: BP Chaney, LLC
        2553 Castle Circle
        Fort Worth, TX 76108

Type of Business:     BP Chaney is a small business debtor as
                      defined in 11 U.S.C. Section 101(51D).
                      It is an affiliate of Misty Chaney Brady,
                      who sought bankruptcy court protection on
                      March 20, 2017 (Bankr. N.D. Tex. Case No.
17-41120).

Chapter 11 Petition Date: July 3, 2017

Case No.: 17-42793

Court: United States Bankruptcy Court
       Northern District of Texas (Ft. Worth)

Judge: Hon. Mark X. Mullin

Debtor's Counsel: Gregory Wayne Mitchell, Esq.
                  THE MITCHELL LAW FIRM, L.P.
                  12720 Hillcrest Road, Suite 625
                  Dallas, TX 75230
                  Tel: 972-463-8417
                  Fax: 972-432-7540
                  E-mail: greg@mitchellps.com
                          greg.mitchell@mitchellps.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $500,000 to $1 million

The petition was signed by Misty Brady, sole member.

The Debtor's list of nine unsecured creditors is available for free
at http://bankrupt.com/misc/txnb17-42793.pdf


BP CHANEY: Hires Mitchell Law Firm as Counsel
---------------------------------------------
BP Chaney, LLC seeks authorization from the U.S. Bankruptcy Court
for the Northern District of Texas to employ The Mitchell Law Firm,
LP as counsel.

The Debtor filed its voluntary petition under Chapter 11 of the
United States Bankruptcy Code on July 3, 2017, in the United States
Bankruptcy Court for the Northern District of Texas, Fort Worth
Division.

The Debtor desires to hire The Mitchell Law Firm, LP in order to
effectuate a reorganization, propose a Plan of Reorganization and
effectively move forward in its bankruptcy proceeding.

Mitchell Law will be paid at these hourly rates:

     Partners                              $325
     Associates                            $225
     Paralegals and Legal Assistants       $75-$95

Mitchell Law has been paid a retainer of $5,000.00 in connection
with this proceeding

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

Gregory W. Mitchell, Esq., The Mitchell Law Firm, LP, assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtor and its estates.

Mitchell Law may be reached at:

     Gregory W. Mitchell, Esq.
     The Mitchell Law Firm, LP
     12720 Hillcrest Road, Suite 625
     Dallas, Texas 75230
     Tel: (972) 463-8417
     Fax: (972) 432-7540
     E-mail: greg@mitchellps.com

BP Chaney, LLC filed its voluntary petition under Chapter 11 of the
United States Bankruptcy Code (Bankr. N.D. Tex. Case No. 17-42793)
on July 3, 2017, in Fort Worth.  The Hon. Mark X Mullin presides
over the case.


CALERES INC: Moody's Hikes Corporate Family Rating to Ba2
---------------------------------------------------------
Moody's Investors Service upgraded Caleres, Inc.'s Corporate Family
Rating (CFR) to Ba2 from Ba3, Probability of Default Rating (PDR)
to Ba2-PD from Ba3-PD, and the company's $200 million senior
unsecured notes to Ba3 from B1. The company's Speculative-Grade
Liquidity ("SGL") rating was upgraded to SGL-1 from SGL-2. The
rating outlook is stable.

The CFR upgrade reflects the company's improved portfolio quality
and scale, and on-track integration of its acquisition of Allen
Edmonds. The upgrade also reflects Caleres' improved liquidity
profile following its repayment of revolver borrowings over the
past two quarters. Moody's expects credit metrics to remain solid
with leverage improving to high 2-times despite the challenging
apparel and footwear retail environment, driven by growth in the
Brand Portfolio segment and cost management.

The upgrade of the SGL rating to SGL-1 reflects Moody's
expectations for solid positive free cash flow and ample revolver
availability in the next 12-18 months. The company's very good
liquidity is also supported by the lack of near term maturities and
access to substantial alternate liquidity sources if needed, due to
its ability to sell individual brands.

Moody's took the following rating actions for Caleres, Inc.:

-- Corporate Family Rating, upgraded to Ba2 from Ba3

-- Probability of Default Rating, upgraded to Ba2-PD from Ba3-PD

-- $200 million Senior Unsecured Debenture, upgraded to Ba3
    (LGD5) from B1 (LGD5)

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

-- Stable outlook

RATINGS RATIONALE

Caleres' Ba2 CFR reflects the company's recognized brands, customer
and geographic diversification, and solid credit protection metrics
relative to peers, with lease-adjusted debt/EBITDA expected to
improve to high-2 times and EBIT/interest expense to low-3 times at
year-end 2017. In addition, Caleres' low level of funded debt
relative to free cash flow, very good overall liquidity and
measured financial policies provide key support to the Ba2 rating.
The rating is constrained by Caleres' low margins relative to
specialty retail peers, narrow product focus, and the challenging
secular trends in the apparel and footwear retail industry.

The stable rating outlook reflects Moody's expectations for modest
revenue growth, sustained or improved profit margins, and a very
good liquidity profile.

The ratings could be upgraded if the company increases its scale
and diversification, and meaningfully expands EBITA margins, while
maintaining a very good liquidity profile. An upgrade would also
require maintenance of balanced financial policies. Quantitatively,
the ratings could be upgraded if Moody's-adjusted debt/EBITDA is
sustained at or below 2.5 times and EBITA/interest expense at or
above 4.0 times.

The ratings could be downgraded if positive trends in revenues and
EBITDA reverse, financial policy becomes more aggressive or
liquidity deteriorates. Quantitatively, ratings could be lowered if
debt/EBITDA is sustained above 3.25 times or EBIT/interest expense
declines below 3.0 times.

Headquartered in St. Louis, Missouri, Caleres, Inc. ("Caleres",
formerly known as Brown Shoe) is a retailer and a wholesaler of
footwear. Its Famous Footwear chain, which generates approximately
two-thirds of total revenues, sells moderately priced branded
footwear targeting families through about 1,000 stores in the U.S.
and Canada. Through its Brand Portfolio segment, Caleres designs
and markets owned and licensed footwear brands including Sam
Edelman, Allen Edmonds, Via Spiga, Franco Sarto, Vince, Fergie,
Naturalizer, Dr. Scholl's, LifeStride, DVF, Ryka, and Carlos. The
Brand Portfolio segment also includes about 223 specialty retail
stores mostly under the Naturalizer and Allen Edmonds brands in the
U.S. and Canada. Revenues for the 12 months ended April 29, 2017
were approximately $2.6 billion.

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


CAPITAL TEAS: U.S. Trustee Forms 3-Member Committee
---------------------------------------------------
The U.S. Trustee for Region 4 on July 24 appointed three creditors
to serve on the official committee of unsecured creditors in the
Chapter 11 case of Capital Teas, Inc.

The committee members are:

     (1) Julie Minnick Bowden
         GGP Limited Partnership
         110 North Wacker Drive
         Chicago, IL 60606

     (2) Holger Lohs
         Haelssen and Lyon NA Corp.
         39 West 38th Street, Suite 11E
         New York, NY 10018

     (3) Silvia Rettore
         Dethlefsen & Balk, Inc.
         1005 N. Commons Drive
         Aurora, IL 60504

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

                     About 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.  

Judge Robert A. Gordon presides over the case.  Lawrence J. Yumkas,
Esq., and Lisa Yonka Stevens, Esq., at Yumkas, Vidmar, Sweeney &
Mulrenin, LLC, serve as the Debtor's legal counsel.


CAPSTONE LOGISTICS: S&P Affirms 'B-' CCR, Outlook Remains Stable
----------------------------------------------------------------
S&P Global Ratings affirmed its ratings, including its 'B-'
corporate credit rating, on Norcross, Ga.-based Capstone Logistics
Acquisition Inc. The outlook remains stable.

S&P said, "The corporate credit rating on Capstone reflects our
belief that the company's credit metrics will remain consistent
over the next 12 months, with its funds from operations
(FFO)-to-debt ratio expected to remain in the low–single-digit
percent area.
  
"However, we have revised our liquidity assessment to less than
adequate from adequate primarily due to the reduced cushion in the
company's maximum secured leverage covenant. We expect the company
will comply with its covenants over the next 24 months but will not
withstand an EBITDA decline of 15% without a breach of this
covenant.

"The stable outlook reflects that we expect the company will
continue low organic growth and free cash flow generation. We
expect Capstone's leverage, adjusted to include payment-in-kind
(PIK) equity of over $230 million, to remain above 12x and do not
foresee an upgrade over the next 12-18 months.

"We could lower the rating if the company is more aggressive than
we expect in pursuing debt-financed growth opportunities, if its
liquidity position deteriorates such that we revise our assessment
to weak from less than adequate, or if its operating results weaken
to a point we believe that its leverage is no longer sustainable
long term.

"Although unlikely, we could raise the rating over the next 12
months if Capstone generates better-than-expected operating
results, uses free operating cash flow to repay debt, and its
FFO-to-debt ratio approaches the high-single-digit percent area and
we believe it will stay there."


CASA REAL: Aug. 2 Hearing on Patient Care Ombudsman Appointment
---------------------------------------------------------------
Pursuant to 11 U.S.C. Section 333(a)(1), the bankruptcy court must
order the appointment of a patient care ombudsman within 30 days
after the commencement of the case, unless the court finds that the
appointment of an ombudsman is not necessary for the protection of
patients under the specific facts of the case.

The U.S. Bankruptcy Court for the Northern District of Texas sets a
hearing on Aug. 2, 2017 at 1:30 p.m., to determine the issue of
whether or not a patient care ombudsman must be appointed in the
Chapter 11 case of Casa Real Nursing Operations LLC.

The Debtor is directed to immediately serve notice to the
governmental regulatory authority, which regulates the Debtor's
business.  In order to provide the governmental regulatory
authority the ability to readily identify the Debtor's files, the
Debtor must furnish the following information to the governmental
regulatory authority:

   A. All license numbers or other regulatory identification
numbers;

   B. All DBAs or trade names under which the Debtor operates;

   C. And the location of all of the Debtor's operating facilities,
including street and P.O. Box
addresses.

Casa Real Nursing Operations LLC filed a Chapter 11 petition
(Bankr. N.D. Tex. Case No. 17-42797) on July 3, 2017, and is
represented by Jeff P. Prostok, Esq., at Forshey & Prostok, LLP.


CECIL BANCORP: Hires Nelson Mullins as Counsel
----------------------------------------------
Cecil Bancorp, Inc., seeks authority from the U.S. Bankruptcy Court
for the District of Maryland to employ Nelson Mullins Riley &
Scarborough LLP, as counsel to the Debtor.

Cecil Bancorp requires Nelson Mullins to:

   a) prepare all necessary petitions, motions, applications,
      orders, reports, and papers necessary to commence the
      chapter 11 case;

   b) advise the Debtor of its rights, powers, and duties as a
      debtor under chapter 11 of the Bankruptcy Code;

   c) prepare on behalf of the Debtor all motions, applications,
      answers, orders, reports, and papers in connection with the
      administration of the Debtor's estate;

   d) take action to protect and preserve the Debtor's estate,
      including the prosecution of actions on the Debtor's
      behalf, the defense of actions commenced against the Debtor
      in the chapter 11 case, the negotiation of disputes in
      which the Debtor is involved, and the preparation of
      objections to claims filed against the Debtor;

   e) assist the Debtor with the sale of any of its assets
      pursuant to section 363 of the Bankruptcy Code;

   f) seek approval of the Debtor's disclosure statement and any
      related motions, pleadings, or other documents necessary to
      solicit votes on the Debtor's plan of reorganization;

   g) seek confirmation of the Debtor's plan of reorganization;

   h) prosecute on behalf of the Debtor, the proposed chapter 11
      plan and seeking approval of all transactions contemplated
      therein and in any amendments thereto; and

   i) perform all other necessary legal services in connection
      with the chapter 11 case.

Nelson Mullins will be paid based upon its normal and usual hourly
billing rates. The firm will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Peter J. Haley, partner of Nelson Mullins Riley & Scarborough LLP,
assured the Court that the firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code and does
not represent any interest adverse to the Debtor and its estates.

Nelson Mullins can be reached at:

     Peter J. Haley, Esq.
     NELSON MULLINS RILEY & SCARBOROUGH LLP
     One Post Office Square
     Boston, MA 02109
     Tel: (617) 217-4714
     Fax: (617) 217-4750
     E-mail: peter.haley@nelsonmullins.com

                   About Cecil Bancorp, Inc.

Cecil Bancorp, Inc. (OTC:CECB) is the direct parent of Cecil Bank,
a Maryland commercial bank with 52 employees, a main branch, 8
branch locations, and a corporate/loan office. As of March 31,
2017, the Bank -- http://www.cecilbank.com/-- has total assets of
approximately $211 million, outstanding loans of $94 million and
total deposits of $154 million. Cecil Bancorp also owns 100% of the
stock of Cecil Bancorp Capital Trust I ("Trust I") and Cecil
Bancorp Capital Trust II ("Trust II" and together with Trust I, the
"Trusts"), which are Delaware statutory trusts that were
established for the sole purpose of issuing capital securities.

Cecil Bancorp, Inc., filed a Chapter 11 petition (Bankr. D. Md.
Case No. 17-19024) in Baltimore, Maryland, on June 30, 2017. Terrie
G. Spiro, president and chief executive officer, signed the
petition.

The Debtor disclosed $7.64 million in total assets and $21.18
million in total liabilities. The Debtor valued its 100% ownership
in Cecil Bank at $3.755 million and its 100% ownership in Cecil
Bancorp Capital Trusts I and II at $527,000. The Debtor doesn't
have any secured debt and all its unsecured debt are comprised of:
$62,700 owing to Cecil Bank and $12.098 million and $9.026 million
owing to Wilmington Trust Company.

The Hon. Robert A. Gordon oversees the case.

The Debtor tapped Nelson Mullins Riley & Scarborough LLP as
counsel; and Teneo Securities, Inc. and Hovde Group, LLC.

                        *     *     *

The Debtor on the Petition Date filed a Chapter 11 Plan of
Reorganization and Disclosure Statement. The Debtor's Chapter 11
plan exclusivity expires Oct. 30, 2017.


CENTRAL GROCERS: Taps Marcus & Millichap as Broker
--------------------------------------------------
Central Grocers, Inc. seeks approval from the U.S. Bankruptcy Court
for the Northern District of Illinois to hire Marcus & Millichap
Real Estate Investment Services and Marcus & Millichap Real Estate
Investment Services of Chicago.

The firms will assist in the marketing and sale of real properties
owned by Raceway Central Calumet Park LLC and other Raceway
entities.  

CGI will pay the firms a commission of 5% of the purchase price for
properties located in Calumet Park, Chicago Heights and Joliet,
Illinois.  The firms will get a commission of 2.9% of the purchase
price for properties located in Downers Gove and Wheaton, Illinois.
Commissions will be payable solely from the proceeds of sale.

Steven Chaben, senior vice-president and regional manager for
Marcus & Millichap, disclosed in a court filing that his firm is a
"disinterested person" as defined in section 101(14) of the
Bankruptcy Code.

Marcus & Millichap can be reached through:

     Steven Chaben
     Marcus & Millichap Real Estate
     Investment Services
     Two Towne Square, Suite 450
     Southfield, MI 48076
     Tel: (248) 415-2600
     Fax: (248) 352-3813

                      About Central Grocers

Joliet, Illinois-based Central Grocers, Inc. --
http://www.central-grocers.com/-- is a supplier to independent   
grocery stores in the Midwestern United States.  Formed in 1917,
Central Grocers is organized as a retail cooperative (co-op) owned
by the independent supermarket retailers that it supplies.

Central Grocers is the seventh largest grocery cooperative in the
United States.  It supplies over 400 stores in the Chicago area
with groceries, produce, fresh meat, service deli items, frozen
foods, ice cream and exclusively the Centrella Brand distributor.
Sales have grown to $2 billion per year over the past 94 years.

Central Grocers and its affiliates sought protection under Chapter
11 of the Bankruptcy Code (Bankr. D. Del. Case Nos. 17-10992 to
17-11003) between May 2 and May 4, 2017.  Central Grocers estimated
$100 million to $500 million in assets and liabilities.  The
petitions were signed by Donald E. Harer, chief restructuring
officer.

Prior to the Chapter 11 filing, certain creditors of CGI filed an
involuntary case against the company under Chapter 7.  The case was
filed in the U.S. Bankruptcy Court for the Northern District of
Illinois on May 2, 2017.

On June 13, 2017, the Chapter 11 cases were transferred to the
Illinois court, including CGI's case which was consolidated into
the involuntary Chapter 7 case pending before the Illinois court.

All the Chapter 11 cases are proceeding before the Illinois court,
and are being jointly administered under Case No. 17-13886 for
procedural purposes only.  CGI's petition date is May 2, 2017 while
the petition date for the other Debtors is May 4, 2017.  Judge
Pamela S. Hollis presides over the cases.  

Weil, Gotshal & Manges LLP serves as the Debtors' bankruptcy
counsel.  The Debtors also hired Richards, Layton & Finger P.A. as
local counsel; McDonald Hopkins LLC as local counsel and conflicts
counsel; Lavelle Law, Ltd., as general corporate counsel; Conway
Mackenzie Inc. as chief restructuring officer; Peter J. Solomon
Company as investment banker; and Prime Clerk as claims and
noticing agent.  Meanwhile, HYPERAMS, LLC and Tiger Capital Group,
LLC were employed as liquidation consultants.

An official committee of unsecured creditors was appointed by the
Office of the U.S trustee on May 15, 2017.  The committee hired
Kilpatrick Townsend & Stockton LLP as bankruptcy counsel; Saul
Ewing LLP as Delaware counsel; and FTI Consulting, Inc. as
financial advisor.


CENTURY COMMUNITIES: Moody's Confirms B3 CFR; Outlook Positive
--------------------------------------------------------------
Moody's Investors Service took the ratings of Century Communities,
Inc. off review for upgrade, confirmed all of the company's
existing ratings, and revised the outlook to positive from rating
under review. This concludes the review that Moody's had initiated
on April 11, 2017 following Century's announcement that it was
acquiring UCP, Inc.

The review concluded with a positive outlook rather than with an
upgrade to B2 from B3 because of the remaining uncertainties
following the acquisition. Specifically, Century's acquisition of
UCP is the former's largest to date, and puts the company into a
number of new markets, including in California, where everything
that is related to homebuilding is generally more complex and
costly than elsewhere in the U.S. In addition to having to contend
with possible integration issues and learning a variety of new
markets, the company has stretched its balance sheet for this
acquisition, reaching a pro forma 56% debt to capitalization as of
the date of the initiation of the Moody's review. This level of
debt leverage is elevated for the company and not a strong B2 type
ratio.

On the positive side, Century will be placing UCP's CEO, Dustin
Bogue, as head of its western US operations, which will be a great
help in the integration process and in navigating the California
market. In addition, two of the important benchmarks for moving
from B3 to B2 will have been achieved, i.e., having revenues
greater than $1 billion and tangible net worth greater than $500
million.

RATINGS RATIONALE

The B3 Corporate Family Rating reflects Moody's expectation that
Century will be free cash flow negative in 2017 and 2018, owing to
its land investments, and the company's expansion goals will likely
keep free cash flow weak in later years as well. The company has an
active acquisition strategy, having acquired four companies in 2013
and 2014 and announcing its combination with UCP in a transaction
scheduled to close in August 2017. Moody's anticipates that this
appetite for acquisitions will continue in the coming years after a
reasonable "digestion" interval, because the company aggressively
seeks growth and to expand its geographical footprint. This will
put continued pressure on debt leverage.

At the same time, however, Century generates solid financial
metrics, made it through the prior housing downturn intact, and is
located in several healthy homebuilding markets in Colorado, Las
Vegas and Atlanta. The proposed acquisition of UCP puts Century
into additional attractive markets, including California and the
Pacific Northwest.

The following ratings were affected:

Corporate Family Rating, confirmed at B3

Probability of Default Rating, confirmed at B3-PD

Ratings on two issues (with three Moody's debt numbers) of senior
unsecured notes, confirmed at B3 (LGD4)

Outlook changed to positive from Rating Under Review

The positive outlook is based on Moody's expectation that Century
will strengthen its credit metrics and eventually integrate UCP
successfully.

Factors that could lead to an upgrade to B2 are a seamless
integration of UCP, lowering of debt leverage below 50%, and
maintenance of healthy liquidity.

Factors that could lead to a return to a stable outlook (from
positive) include liquidity constraints, debt leverage rising above
60%, EBIT interest coverage falling below 1.5x, and gross margins
falling below 18% on a sustained basis.

As the company has grown, it has frequently raised the size of its
committed senior unsecured revolving credit facility. As of
February 2017, soon after its $125 million add-on offering to its
6.875% senior unsecured notes due 2022, the company raised its
revolver size to $400 million from $380 million. The revolver will
mature on October 21, 2019. With its $400 million senior unsecured
note offering in May 2017 and repayment of the $65 million revolver
debt that was outstanding at the time, Century had $400 million of
availability, a sizable line of credit given its size. Covenants
include a 1.5x debt to tangible net worth leverage test, a 1.5x
interest coverage test, and a minimum tangible net worth test.
Century has satisfactory to ample headroom under these tests.

Founded in 2002 and headquartered in Greenwood Village, Colorado,
Century Communities is a builder of single-family homes, townhomes,
and flats in select major metropolitan markets in Colorado,
Georgia, Nevada, Texas, and Utah. The company has had 14
consecutive years of profitability since its formation, and based
on 2015 deliveries, as ranked by BUILDER Online, it is a top 25 US
homebuilder. Revenues and net income in 2016 were approximately
$979 million and $50 million, respectively.

Headquartered in San Jose, CA, UCP was established, through its
predecessor, in 2004 principally as a land developer under the name
Union Community Partners, LLC by its founder and current CEO,
Dustin Bogue (who will remain with Century Communities). Revenues
and net income in 2016 were approximately $349 million and $14
million, respectively.

The principal methodology used in these ratings was Homebuilding
And Property Development Industry published in April 2015.


CERTARA HOLDCO: S&P Assigns 'B' Corp Credit Rating, Outlook Stable
------------------------------------------------------------------
S&P Global Ratings said it assigned its 'B' corporate credit rating
to Certara Holdco Inc. The outlook is stable.

S&P said, "In addition, we assigned our 'B' issue-level rating to
Certara's proposed $270 million first-lien credit facilities, which
consists of a $20 million revolving credit facility and a $250
million term loan. The recovery rating is '3', indicating our
expectation for meaningful (50%-70%; rounded estimate: 60%)
recovery in the event of a payment default.

"Our rating on Certara reflects the company's limited scale and
niche focus in the biosimulation and regulatory software and
services industries. We consider the risk of potential competition
from much larger and better funded outsourced pharmaceutical
development firms, such as contract research organizations (CROs)
to be a limiting factor in the rating as well. These factors are
partially mitigated by Certara's leading market position in the
nascent biosimulation industry, which we expect to grow rapidly
going forward. The rating also reflects our expectation for
moderate free cash flow generation supported by above-average
EBITDA margins and double-digit revenue growth, despite high
adjusted leverage.

"Our stable outlook on Certara Holdco Inc. reflects our expectation
that revenue and EBITDA will continue to expand rapidly, enabling
the company to generate moderate discretionary cash flows. Although
we expect the company to deleverage over the next 12 months, we
believe leverage will remain above 6.0x and FFO to debt will be
below 10%.

"We could lower the rating if competitive threats result in an
unexpected shortfall in contract renewals or if contract price
pressure leads to significant margin contraction. Such an
occurrence could result in revenues well below our base-case
scenario and EBITDA margins decreasing by more than 100 basis
points, leading to marginal free cash flow generation and FFO
coverage of cash interest deteriorating to below 1.5x.
Alternatively, a change in our perception of Certara's business and
competitive position could also lead us to revise downward our
ratings.

"Despite significant deleveraging anticipated as a result of EBITDA
expansion over the next 12 months, we think an upgrade is highly
unlikely without substantial debt reduction. We view this as
unlikely given the company's financial sponsor ownership, which we
expect to favor business growth over debt reduction."


CGG HOLDING: 100% Recovery for Unsecureds Under Reorg. Plan
-----------------------------------------------------------
BankruptcyData.com reported that CGG Holding (U.S.) filed with the
U.S. Bankruptcy Court a Joint Chapter 11 Plan of Reorganization and
related Disclosure Statement. According to the Disclosure
Statement, "The Plan is part of a comprehensive reorganization of
the Company in France and the United States through plans approved
(i) in the Safeguard and (ii) under chapter 11 of the Bankruptcy
Code with respect to the Debtors. The Restructuring Plans implement
the Company's financial reorganization. CGG, along with the
Debtors, is a plan proponent within the meaning of section 1129 of
the Bankruptcy Code and will sponsor the Plan. By way of overview,
the Plan provides for payment in full in Cash of all Administrative
Claims, inclusive of Claims against any of the Debtors arising
under section 503(b)(9) of the Bankruptcy Code and priority claims
against the Debtors (subject to permitted installment payments for
certain Priority Tax Claims). In addition, the Restructuring Plans
provide for the treatment of Allowed Claims against, and Interests
in, the Plan Proponents (all of the securities issuable under the
Restructuring Plans are referred to in this Disclosure Statement as
the "Securities"). The Plan Proponents believe that the Plan,
together with the Safeguard Plan provides the best restructuring
alternative available to the Company. Together, the restructuring
achieves: a 100% recovery to Allowed General Unsecured Claims and
all creditors who are Unimpaired under the Plan; a new money
infusion of up to $500 million; a principal reduction through an up
to $150 million pay down and extension of the remaining terms of
the prepetition secured funded debt; and deleveraging the Company's
balance sheet by equitizing approximately [$1.6 billion] of
prepetition Senior Notes and [$443 million] in prepetition
Convertible Bonds. Through the restructuring, the Plan Proponents
expect to create a sustainable capital structure that will position
the Company for success in the energy exploration, production and
development industry." The Court scheduled an August 28, 2017
hearing to consider the Disclosure Statement.

                  About CGG Holding (U.S.) Inc.

Paris, France-based CGG Group -- http://www.cgg.com/-- provides  
geological, geophysical and reservoir capabilities to its broad
base of customers primarily from the global oil and gas industry.
Founded in 1931 as "Compagnie Generale de Geophysique", CGG
focuses on seismic surveys and other techniques to help energy
companies locate oil and natural-gas reserves. The company also
makes geophysical equipment under the Sercel brand name.

The Group has more than 50 locations worldwide, more than 30
separate data processing centers, and a workforce of more than
5,700, of whom more than 600 are solely devoted to research and
development.  CGG is listed on the Euronext Paris SA (ISIN:
0013181864) and the New York Stock Exchange (in the form of
American Depositary Shares, NYSE: CGG).

After a deal was reached key constituencies on a restructuring
that will eliminate $1.95 billion in debt, on June 14, 2017 (i)
CGG SA, the group parent company, opened a "sauvegarde"
proceeding, the French equivalent of a Chapter 11 bankruptcy
filing, (ii) 14 subsidiaries of CGG S.A. filed voluntary
petitions for relief under Chapter 11 of the Bankruptcy Code
(Bankr. S.D.N.Y. Lead Case No. 17-11637) in New York, and (iii)
CGG S.A filed a petition under Chapter 15 of the U.S. Bankruptcy
Code (Bankr. S.D.N.Y. Case No. Case No. 17-11636) in New York,
seeking recognition in the U.S. of the Sauvegarde as a foreign
main proceeding.

Chapter 11 debtors CGG Canada Services Ltd. and Sercel Canada
Ltd. also commenced proceedings under the Companies' Creditors
Arrangement Act in the Court of Queen's Bench of Alberta,
Judicial District of Calgary in Calgary, Alberta, Canada, to seek
recognition of the Chapter 11 cases in Canada.

United States Bankruptcy Judge Martin Glenn oversees the Chapter
15 case.

CGG's legal advisors are Linklaters LLP and Weil Gotshal & Manges
(Paris) LLP for the Sauvegarde and chapter 15 case. The Debtors
hired Paul, Weiss, Rifkind, Wharton & Garrison LLP, as counsel.
The company's financial advisors are Lazard and Morgan Stanley,
and its restructuring advisor is AlixPartners, LLP.  Lazard
Freres & Co. LLC, serves as investment banker.  Prime Clerk LLC
is the claims agent in the Chapter 11 cases.

Messier Maris & Associes and Millco Advisors, LP, is the
financial advisors to the Ad Hoc Noteholder Group, and Willkie
Farr & Gallagher LLP and DLA Piper UK LLP, is legal counsel to
the Ad Hoc Noteholder Group.

Kirkland & Ellis LLP, Kirkland & Ellis International LLP, and De
Pardieu Brocas Maffei A.A.R.P.I, serve as counsel to the Ad Hoc
Secured Lender Committee; Zolfo Cooper LLC is the restructuring
advisor; and Rothschild & Co., is the investment banker.

Ashurst serves as counsel to Wilmington Trust (London) Limited as
successor agent to Natixis under the French Revolver.  Latham &
Watkins LLP, serves as counsel to Credit Suisse AG as
administrative agent and collateral agent under the U.S.
Revolver.  Ropes & Gray LLP, serves as counsel to Wilmington
Trust, National Association as administrative agent under the
U.S. Term Loan.

Hogan Lovells U.S. LLP, serves as counsel to the Indenture
Trustee in its separate capacities as indenture trustee under
each of the three series of High Yield Bonds.

Darrois Villey Maillot Brochier and A.M. Conseil represent JG
Capital Management, in its capacity as representative of the
holders of the Convertible Bonds.  Orrick Herrington & Sutcliffe
LLP, represents counsel to DNCA.


CIT GROUP: Funding and Risk Profile To Evolve, Moody's Says
-----------------------------------------------------------
CIT Group Inc.'s (CIT, Ba2 stable) recent divestures of several
non-core assets has materially increased the proportion of assets
managed and funded in the group's CIT Bank, Moody's Investors
Service says in a new report.

However, the company's ability to diversify its funding mix away
from market funds toward high-quality deposits, while maintaining
strong asset quality in portfolios exposed to high cyclical risks
will determine the success of its continued transition to a bank
model.

"With the sale of aircraft leasing and pending sale of NACCO, CIT's
business transitions are nearly complete, and almost 85% of the
company's assets will reside in CIT Bank," Mark Wasden, a Moody's
Vice President says.

Moody's says CIT's non-bank assets declined to $21.0 billion from
$44.4 billion between end 2011 and end Q1 2017, dropping from 86%
to 33% of consolidated group assets, and CIT Bank will continue to
grow organically in proportion to group consolidated assets.

As CIT shifts its earnings assets, the company continues to
transition its funding, reducing exposure to confidence sensitive
market sources in favor of more stable deposit funding. Deposits
grew $4.5 billion to $32.3 billion as of March 31, compared to
2010, and included roughly $15 billion of deposits gained from its
2015 acquisition of OneWest Bank.

"CIT's deposits are becoming more diverse, but achieving a more
stable deposit mix will require significant time and additional
investment in deposit-gathering infrastructure," Wasden says.

The report observes several factors constrain CIT's efforts to
strengthen its deposit mix. While lending operations are national
in scale and scope, it lacks an online platform and a small number
of branches. Low brand awareness is an obstacle to attracting core
deposit relationships.

Asset quality is strong, however, challenges are likely to emerge
during an economic downturn in cyclical businesses such as real
estate, asset-based lending and equipment finance. CIT's
underwriting and asset quality management are strong, but higher
credit costs in a downturn could weaken the group's credit profile
more than those of regional banks.

The report is "CIT Group Inc.: As Banking Operations Become More
Prominent, Funding and Risk Profile Will Need to Evolve."


COGECO COMMUNICATIONS: Moody's Rates New $1.85BB Loans B1
---------------------------------------------------------
Moody's Investors Service assigned a B1-LGD4 rating to a new $1.85
billion senior secured credit facility of Cogeco Communications
(USA) II L.P., the newly created borrower. The new credit facility
includes a $150 million senior secured revolver and a $1.7 billion
senior secured Term Loan B. The facility will be used to refinance
its existing $611 million senior secured credit facility and to
finance part of its $1.4 billion MetroCast acquisition. The B1
Corporate Family Rating (CFR), B1-PD Probability of Default Rating
(PDR), and stable outlook, will be assigned to Cogeco
Communications (USA) II L.P.

Upon close of the financing, Moody's will withdraw the existing
credit facility ratings assigned to Cogeco Communications (USA)
L.P., the former borrower and holding company. The B1 CFR, B1-PD
and stable outlook will also be withdrawn at Cogeco Communications
(USA) L.P.

Assignments:

Issuer: Cogeco Communications (USA) II L.P.

-- Probability of Default Rating, Assigned B1-PD

-- Corporate Family Rating, Assigned B1

-- Senior Secured Bank Credit Facility, Assigned B1(LGD4)

Outlook Actions:

Issuer: Cogeco Communications (USA) II L.P.

-- Outlook, Assigned Stable

RATINGS RATIONALE

Cogeco Communications (USA) II L.P.'s (Cogeco or the company) B1
Corporate Family Rating (CFR) reflects the company's small scale
and declining video subscriber base, and elevated leverage that
will be in the low 5x range, pro forma for the acquisition of
MetroCast at the end of 2017. Despite the incremental leverage, the
contribution of MetroCast produces strong operating metrics
including EBITDA margins greater than 50% and revenues per home
passed about $975. The target assets will also add some scale and
domestic diversity on the east coast in markets with good
demographics. This will help the company's small scale. However,
the company remains one of the smallest US operators Moody's rates
with only a regional footprint on the East Coast, and a cluster in
Florida. The company, facing competition from new and existing
MVPD's, is losing video subscribers at a rate of low single digits
annually, causing video penetration to fall. Moody's projects its
share will continue to decline from the pro forma ratio of 38%,
over the next 12-18 months, (down from nearly 45% on a standalone
basis, in fiscal 2013).

Despite this pressure, the company's fiber-rich, DOCSIS 3.0 enabled
network (being upgraded to 3.1) is very competitive, especially
with fragmented competition in most of its markets, producing
relatively fast broadband speeds of at least 120 Mbps. The strong
network assets positions the company to benefit from organic growth
in demand for broadband (high-speed data or HSD) coming from both
residential and commercial customers. HSD subscribers are growing
by at least mid-single digits, supporting very strong EBITDA
margins that will be at least mid-40% range, helping to offset the
negative effects of video subscriber losses. The rate of broadband
net adds has been more than 2x that of the loss of video subscriber
losses, a healthy ratio during this secular transition. The rating
is also supported by a stable business model that generates a
predictable stream of recurring revenues, growing by mid-single
digits. Sponsorship from the company's much larger parent company,
Cogeco Communications, Inc. (Cogeco, unrated), and its equity
partner CDPQ, is also a positive credit factor.

The stable outlook incorporates Moody's views that revenue will be
more than $700 million, EBITDA margins will be at least mid-40%
range, and free cash flow conversion will be about 10% of revenue.
Expectations for Moody's adjusted leverage are for debt-to-EBITDA
to be in the low 5x range at the end of 2017, pro forma for the
close of the MetroCast transaction. Moody's projects the ratio to
improve to under 5x by the end of 2018 with EBITDA growth and debt
repayment. Moody's outlook incorporates a loss of video
subscribers, largely offset by a gain in broadband subscribers.
Moody's also assume TPE (Triple play equivalent) will initially
fall with MetroCast's weaker penetration. However, revenue / home
passed will improve with a better metric at MetroCast. Moody's
expects liquidity to remain adequate, and financial policies to
remain unchanged. Moody's also does not anticipates changes in
Moody's outlook due to near-term event risks and or material
developments in regulation, market position, or key performance
measures.

Moody's would consider a positive rating action if:

* Leverage (Moody's adjusted debt-to-EBITDA) sustained at 4x times
or below; and

* Coverage (Moody's adjusted free cash flow to debt), sustained
above high single-digit percent

A positive rating action would also be considered if the company
maintains good liquidity, increases its scale, adopts more
conservative financial policies, there is a low probability of
near-term event risks and or there are positive developments in
regulation, market position, capital structure, or key performance
measures.

Moody's would consider a negative rating action if:

* Leverage (Moody's adjusted debt-to-EBITDA) rises above 6x

A negative rating action would also be considered if churn rose
above sector averages, liquidity deteriorated, the Company adopted
more aggressive financial policies, or Moody's anticipates the
possibility of a material and adverse change in regulation, market
position, capital structure, key performance measures, or the
operating model.

Headquartered in Quincy, Massachusetts, Cogeco Communications (USA)
II L.P. serves approximately 237 thousand video, 270 thousand high
speed data and 101 thousand phone subscribers across Western
Pennsylvania, Maryland, Delaware, Miami Beach, Eastern Connecticut,
and South Carolina in addition to providing commercial video, high
speed data, and phone services within its footprint. Last twelve
month revenue, ended May 2017, was approximately $481 million. With
the MetroCast acquisition, the company will add 242 thousand PSU's
and extend its network into 5 states including New Hampshire,
Maine, Pennsylvania, Maryland, and Virginia. The assets are
expected to generate $230 million in revenue and $121 million of
pro forma adjusted EBITDA in 2017.

The principal methodology used in these ratings was Global Pay
Television - Cable and Direct-to-Home Satellite Operators published
in January 2017.


COTT CORP: Moody's Puts B2 CFR on Review for Upgrade
----------------------------------------------------
Moody's Investor Service placed the B2 corporate family rating,
B2-PD Probability of Default rating, and debt instruments ratings
of Cott Corporation on review for upgrade following its
announcement that it will sell its traditional beverage
manufacturing business to Refresco Group N.V. (Ba3 corporate family
rating) for $1.25 billion. The company plans to use the proceeds
for debt repayment and to bolster cash. The SGL-2 Speculative Grade
Liquidity rating is unaffected at this time.

The review will focus on the transformed business and financial
profile of Cott post the sale of its traditional beverage
manufacturing business which accounts for $1.7 billion in revenues.
Moody's will consider the benefits of lower leverage, better growth
potential and higher profitability of the remaining businesses
against Cott's smaller scale and more limited business
diversification. Moody's review will also consider management's
commitment to maintaining stronger financial metrics over the long
run, the final capital structure following debt repayment, and the
possibility of additional acquisitions or divestitures that would
further transform the business. The ratings of the individual
instruments will depend upon the final capital structure following
the planned debt repayment.

The following ratings have been place under review for an upgrade:

Cott Corporation:

Corporate Family Rating at B2;

Probability of Default rating at B2-PD;

Senior unsecured rating at B3 (LGD4).

Cott Holdings, Inc.:

Senior unsecured rating at B3 (LGD4).

Cott Beverages, Inc.:

Senior unsecured rating at B3 (LGD4).

DS Services of America, Inc. (assumed by Cott)

Senior secured 2nd lien debt due 2021 at Ba2 (LGD2).

RATINGS RATIONALE

Cott's B2 Corporate Family Rating reflects its geographic and
business diversification following a number of acquisitions which
have transformed it away from its legacy private label beverage
business that had been in decline. While leverage was elevated as a
result of the acquisitions at about 5.2 times at March 31, 2017
(Proforma for acquisitions and including Moody's standard
adjustments), it will likely decline significantly following the
sale of the beverage manufacturing businesses, to well under 4
times.

The principal methodology used in these ratings was Global Soft
Beverage Industry published in January 2017.

Company Profile

Cott, based in Toronto, Ontario, and Tampa, Florida, is a leading
provider of home office delivery water and coffee services in the
US, Canada and Europe, and has a strong position in food service
coffee and tea roasting and grinding in the US. Following the sale
of the traditional beverage manufacturing business, proforma annual
sales will total approximately $2.2 billion.


CROSIER FATHERS: Affiliate Taps Levrose as Real Estate Broker
-------------------------------------------------------------
The Crosier Community of Phoenix seeks approval from the U.S.
Bankruptcy Court for the District of Minnesota to hire a real
estate broker.

The Debtor proposes to hire Levrose Real Estate, LLC in connection
with the sale of its real property located at 2617 E. Campbell
Avenue, Phoenix, Arizona.  

Levrose will get 6% of the gross sales price of the property, and
will be paid through escrow upon the closing of sale of the
property.

Jonathan Rosenberg, a real estate broker employed with Levrose,
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:

     Jonathan Rosenberg
     Levrose Real Estate, LLC
     4414 North Civic Center Plaza, Suite 100
     Scottsdale, AZ 85251  
     Tel: 480-947-0600
     Fax: 480-294-5900

                   About Crosier Fathers and
                    Brothers Province Inc.

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

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

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

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

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

On June 22, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  The committee employed
Stinson Leonard Street LLP as its bankruptcy counsel.


CRYSTAL LAKE GOLF: Unsecureds to be Paid $15K Annually for 5 Years
------------------------------------------------------------------
Crystal Lake Golf Club, LLC, and Crystal Lake Open Space, Inc.,
filed with the U.S. Bankruptcy Court for the District of
Massachusetts a first amended disclosure statement describing their
proposed joint plan of reorganization, a full-text copy of which is
available at:

         http://bankrupt.com/misc/mab16-41324-166.pdf

This version of the plan provides for three classes of secured
claims, six classes of priority claims and one class of unsecured
claims. The original plan had seven classes of priority claims.
Unsecured claimants, previously under Class XI, are now under Class
X.

The Debtors estimates that the Class X unsecured claims to be paid
under this Plan are approximately $1,527,163.88, which consists of
all scheduled, filed claims, and deficiency and/or under-secured
claims from Classes I through IX. The Class X creditors will be
paid a 5% distribution to be paid in five equal annual payments in
the amount of $15,272 with the first payment being made on the
Effective Date of this Plan and each of the remaining four payments
on the anniversary date thereafter. This Class is impaired and,
therefore, entitled to vote.

The original plan estimated that the Class XI unsecured claims to
be paid under the Plan are approximately $1,455,781.15, which
consists of all scheduled and filed claims. It also asserted that
Class XI creditors will be paid a 5% distribution to be paid in
five equal payments in the amount of $14,558 with the first payment
being made on the Effective Date of the Plan and each of the
remaining four payments on the anniversary of the Effective Date
thereafter.

              About Crystal Lake Golf Club LLC

Crystal Lake Golf Club, LLC, filed a Chapter 11 petition (Bankr.
D.
Mass. Case No. 16-41324) on July 27, 2016.  The petition was
signed
by Michael J. Maroney, managing member.  The case is assigned to
Judge Christopher J. Panos.  The Debtor estimated assets at
$500,000 to $1 million and liabilities at $1 million to $10
million
at the time of the filing.

The Debtor is represented by Richard A. Mestone, Esq., at Mestone
&
Associates LLC.  The Debtor employed Jeffrey M. Dennis, CPA, as
accountant.


CSTN MERGER: Moody's Assigns B2 Corporate Family Rating
-------------------------------------------------------
Moody's Investors Service assigned CSTN Merger Sub, Inc., a B2
Corporate Family Rating ("CFR") and assigned a B2 rating to the
company's $430 million Senior Secured Notes due 2024. CSTN is
expected to be merged into Cornerstone Chemical Company at closing.
Cornerstone will be the successor entity. Proceeds from the
offering, combined with a new equity contribution from private
equity firm Littlejohn & Co. and co-investors, will be used to
acquire Cornerstone from its existing private equity sponsor. The
rating outlook is stable.

"Cornerstone has developed a track record as a standalone company
and benefits from the start-up of an on-site tenant's ammonia
facility, but will be pressured to find new growth opportunities in
the medium term," said Ben Nelson, Moody's Vice President -- Senior
Credit Officer and lead analyst for Cornerstone Chemical Company.

Assignments:

Issuer: CSTN Merger Sub, Inc.

-- Corporate Family Rating, Assigned B2

-- Probability of Default Rating, Assigned B2-PD

-- Senior Secured Notes, Assigned B2 (LGD-4)

Outlook Actions:

Issuer: CSTN Merger Sub, Inc.

Outlook, Assigned Stable

The assigned ratings are subject to a review of the final terms and
conditions of the proposed secondary leveraged buyout transaction.
The current ratings on Cornerstone Chemical Company pertain to the
existing ownership by HIG Capital and will be withdrawn after the
closing of the proposed transaction. All rated debt at the existing
entity will be repaid.

RATINGS RATIONALE

The B2 CFR is principally constrained by single site operating
risk, limited portfolio of intermediate commodity chemicals, modest
organic growth prospects, and a highly-leveraged balance sheet
prospective for the leveraged buyout transaction. These factors
have contributed to significant variation in quarterly and annual
financial performance over the past several years. Cost advantages
associated with synergistic manufacturing processes, improved
access to low-cost raw materials, long-term customer relationships,
formula-based customer contracts, diverse end markets, and good
liquidity support the rating.

Moody's estimates adjusted interest coverage in mid-2 times
(EBITDA/Interest) and adjusted financial leverage near 5 times
(Debt/EBITDA) on a pro forma basis for the twelve months ended
March 31, 2017, including some run-rate benefit from the recent
start-up of Dyno Nobel's ammonia plant at Cornerstone's Fortier
Complex in New Orleans, La., without which pro forma leverage would
be closer to 6 times over the same horizon. Moody's expects that
the company's profitability will improve meaningfully in 2017,
mostly from the benefit of lower raw material costs, and more
modestly in 2018. Moody's anticipates that the company's financial
performance will support a reduction of adjusted financial leverage
to below 5 times, retained cash flow-to-debt will remain above 10%
(RCF/Debt), and the company will generate at least $15 million of
free cash flow in 2018. The expected credit metrics and cash flow
generation, considered strong for the B2 CFR, help mitigate Moody's
concerns about Cornerstone's single operating site, operating
history that has included some unexpected short-term outages, and
variability in financial performance associated with periodic
turnarounds.

The stable outlook assumes that the company will maintain adjusted
financial leverage well below 6 times and maintain good liquidity
to support operations. Moody's is not likely to upgrade the company
in the near-term due to financial policy concerns. However, Moody's
could upgrade the rating with expectations for adjusted financial
leverage sustained below 4 times and a stronger liquidity position
to help offset the operating risk associated with a single site
profile. Moody's could downgrade the rating with expectations for
adjusted financial leverage approaching 6 times, negative free cash
flow, or less than $40 million of available liquidity.

The principal methodology used in these ratings was Global Chemical
Industry Rating Methodology published in December 2013.

Headquartered in Waggaman, La., Cornerstone Chemical Company
produces intermediate chemicals such as acrylonitrile, melamine,
and sulfuric acid. Private equity firm Littlejohn & Co. is buying
Cornerstone from H.I.G. Capital, which has owned the company since
the carve-out from Cytec Industries in February 2011.


DATAPIPE INC: S&P Affirms 'B' CCR & Revises Outlook to Negative
---------------------------------------------------------------
S&P Global Ratings revised its rating outlook on Jersey City,
N.J.-based Datapipe Inc. to negative from stable. S&P said, "At the
same time, we affirmed our ratings on the company, including the
'B' corporate credit rating.

"The negative outlook reflects underperformance relative to our
previous forecast because of pricing concessions as well as
softer-than-expected bookings, resulting in debt to EBITDA of about
11x for the 12 months ended March 31, 2017. While we continue to
expect earnings growth from increasing demand for cloud solutions,
contributions from acquisitions, and significant cost synergy
efforts to drive deleveraging, we now project leverage of about 8x
by the end of 2017 compared with previous expectations of about 7x.


"The negative outlook reflects limited cushion for operational
disruptions over the next year, as forecasted leverage of about 8x
by the end of 2017 is high for the rating. Still, we project a
significant amount of cost synergies combined with revenue growth
to result in leverage improving to about 7x in 2018.

"We could lower the rating if we do not believe leverage will
approach 7x by the end of 2018, which could be caused by a
degradation in operational performance resulting in higher churn or
pricing pressure due to intensifying competitive pressure in the
cloud and managed services space from larger, better capitalized
peers. Alternatively, we could lower the rating over the next year
if the company's liquidity profile narrows without a credible path
for improvement, such that FOCF is negative for an ongoing period
of time leading to reduced revolver availability.

"We could revise the outlook to stable if the company successfully
executes its cost-synergy plans while growing revenues such that
leverage approaches 7x by the end of 2018 with further improvement
likely thereafter."


DON ROSE OIL: U.S. Trustee Forms Two-Member Committee
-----------------------------------------------------
Tracy Hope Davis, U.S. Trustee for Region 17, on July 25 appointed
two creditors to serve on the official committee of unsecured
creditors in the Chapter 11 case of Don Rose Oil Co., Inc.

The committee members are:

     (1) Crestwood West Coast LLC
         Representative: Vince Grisell
         2 Brush Creek Boulevard, Suite 200
         Kansas City, MO 64112
         Tel: (816) 471-5429
         Fax: (816) 471-3854
         E-mail: Vince.Grisell@crestwoodlp.com

     (2) Firestream Worldwide
         Representative: Curt Hummel
         18336 Edison Avenue
         Chesterfield, MO 63005
         Tel: (636) 778-2714
         E-mail: curth@firestream.com

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

                  About Don Rose Oil Co. Inc.

Founded in 1972, Don Rose Oil Co., Inc., is in the business of
wholesale distribution of petroleum and petroleum products.  Based
in Visalia, California, the Debtor sought protection under Chapter
11 of the Bankruptcy Code (Bankr. E.D. Calif. Case No. 17-12389) on
June 22, 2017.  John Castellucci, president and CEO, signed the
petition.  

Riley C. Walter, Esq., at Walter Wilhelm Law Group serves as the
Debtor's bankruptcy counsel.

At the time of the filing, the Debtor estimated its assets at $50
million to $100 million and debts at $1 million to $10 million.  

Judge Fredrick E. Clement presides over the case.


DUPONT FABROS: Egan-Jones Lowers Sr. Unsecured Ratings to 'BB+'
---------------------------------------------------------------
Egan-Jones Ratings Company, on June 9, 2017, downgraded the senior
unsecured ratings on debt issued by DuPont Fabros Technology Inc.
to BB+ from BBB-.

DuPont Fabros Technology, Inc., a real estate investment trust
(REIT), engages in the ownership, acquisition, development,
operation, management, and lease of large-scale data center
facilities in the United States.


EARTHONE CIRCUIT: Hires Winthrop Couchot as Counsel
---------------------------------------------------
Earthone Circuit Technologies Corporation seeks authority from the
U.S. Bankruptcy Court for the Central District of California to
employ Winthrop Couchot Golubow Hollander, LLP, as counsel to the
Debtor.

Earthone Circuit requires Winthrop Couchot to:

   a. advise and assist the Debtor with respect to compliance
      with the requirements of the Office of the U.S. Trustee;

   b. advise the Debtor regarding matters of bankruptcy law,
      including the rights and remedies of the Debtor in regard
      to its assets and to the claims of its creditors

   c. represent the Debtor in any proceedings or hearings in the
      Bankruptcy Court and in any proceedings in any other court
      where the Debtor's rights under the Bankruptcy Code may be
      litigated or affected;

   d. conduct examination of witnesses, claimants, or adverse
      parties and prepare, assist the Debtor in the preparation
      of, reports, accounts, and pleadings related to the
      Debtor's case;

   e. advise the Debtor concerning the requirements of the
      Bankruptcy Code, the Federal Rules of Bankruptcy Procedure
      and the Local Bankruptcy Rules;

   f. file any motions, applications or other pleadings
      appropriate to effectuate a sale of assets of the Debtor;

   g. review claims filed in the Debtor's case, and, if
      appropriate, prepare and file objections to disputed
      claims;

   h. represent the Debtor in any litigation in the Bankruptcy
      Court affecting the Debtor as may be requested by the
      Debtor;

   i. evaluate assets of the Debtor and assist in efforts made by
      the Debtor to enhance the value of such assets, and to
      realize value from the disposition of such assets, for the
      benefit of creditors of the Debtor;

   j. assist the Debtor in the negotiation, formulation,
      confirmation, and implementation of a Chapter 11 plan; and

   k. take such other action and perform such other services as
      the Debtor may require of the Firm in connection with the
      Chapter 11 case.

Winthrop Couchot will be paid at these hourly rates:

     Marc J. Winthrop                         $750
     Robert E. Opera                          $750
     Sean A. O'keefe                          $750
     Paul J. Couchot                          $750
     Richard H. Golubow                       $595
     Peter W. Lianides                        $595
     Garrick A. Hollander                     $595
     Andrew B. Levin                          $425
     P.J. Marksbury, Legal Assistant          $270
     Paralegals                               $150

Winthrop Couchot will be paid a retainer in the amount of $75,000.

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

Robert E. Opera, partner of Winthrop Couchot Golubow Hollander,
LLP, assured the Court that the firm is a "disinterested person" as
the term is defined in Section 101(14) of the Bankruptcy Code and
does not represent any interest adverse to the Debtor and its
estates.

Winthrop Couchot can be reached at:

     Robert E. Opera, Esq.
     WINTHROP COUCHOT GOLUBOW HOLLANDER, LLP
     660 Newport Center Drive, Suite 400
     Newport Beach, CA 92660
     Tel: (949) 720-4100
     Fax: (949) 720-4111

                   About Earthone Circuit
                  Technologies Corporation

Based in Vetura, California, EarthOne Circuit Technologies
Corporation, which does business as eSurface, is the creator and
licensor of the eSurface proprietary patented technology for
applied conductive materials.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. C.D. Calif. Case No. 17-12521) on June 21, 2017. The
petition was signed by Doug Molyneux, secretary. Robert E. Opera,
Esq., at Winthrop Couchot Golubow Hollander, LLP, serves as
bankruptcy counsel.

The case is assigned to Judge Catherine E. Bauer.

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

The Office of the U.S. Trustee on July 7 appointed five creditors
to serve on the official committee of unsecured creditors in the
Chapter 11 case of EarthOne Circuit Technologies Corporation.



EDWARD J. MALIK: Unsecureds to Get 11.5% Plus Interest Over 5 Years
-------------------------------------------------------------------
Edward J. Malik, O.D., Chartered and Associates filed with the U.S.
Bankruptcy Court for the District of Nevada a disclosure statement
regarding their plan of reorganization.

The plan proposes to pay Holders of Class 3(a) Allowed General
Unsecured Claims a payment equal to 11.5% of their allowed claim,
paid pursuant to Debtor's monthly payments over 5 years after the
Effective Date plus interest. Upon payment, all Allowed General
Unsecured Claims shall be released without further action by Debtor
or notice to Holders of Allowed General Unsecured Claims being
necessary.

The proposed monthly payments to Holders of Class 1(a)-1(c), 3(a),
and 3(b) claims are estimated as follows, which estimates are
subject to change pursuant to the Allowed amount of Claims: Class
1(a) estimated payments to total $4,767.93 per month through March
28, 2021; Class 1(b) estimated payments to total $0 per month for 6
months, then $1,649.00 per month for 60 months; Class 1(c)
estimated payments to total $1,165.27 per month through December
2019; Class 3(a) estimated payments to total $337.53 per month for
60 months (estimated using federal interest rate estimate of 1%);
Class 3(b) estimated payments to total $1.137.93 per month for 60
months from allowance (estimated using federal interest rate
estimate of 1%).

The Debtor projects that it will continue to have sufficient
revenue to cover these estimated payments.

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

     http://bankrupt.com/misc/nvb16-16872-62.pdf

                About Edward J. Malik O.D.

Edward J. Malik O.D. Chartered and Associates owns and operates an
optometry practice.  It sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Nev. Case No. 16-16872) on Dec. 30,
2016.  Edward J. Malik, president, signed the petition.  The
Debtor is represented by Nedda Ghandi, Esq., at Ghandi Deeter
Blackham.  At the time of filing, the Debtor estimated $100,000 to
$500,000 in assets and $500,000 to $1 million in liabilities.


ESTEBAN DISTRIBUTOR: Court Conditionally OKs Plan Outline
---------------------------------------------------------
The Hon. Edward A. Godoy of the U.S. Bankruptcy Court for the
District of Puerto Rico has conditionally approved Esteban
Distributor Inc.'s amended disclosure statement dated July 14,
2017, referring to the Debtor's plan of reorganization.

A hearing for the consideration of the final approval of the
Disclosure Statement and the confirmation of the Plan will be held
on Aug. 18, 2017, at 9:30 a.m.

Any objection to the final approval of the Disclosure Statement and
or the confirmation of the Plan will be filed on or before 14 days
prior to the date of the hearing on confirmation of the Plan.
Acceptances or rejections of the Plan may be filed in writing by
the holders of all claims on or before 14 days prior to the date of
the hearing on confirmation of the Plan.

As reported by the Troubled Company Reporter on Jan. 26, 2017, the
Court conditionally approved the Debtor's disclosure statement
dated Jan. 17, 2017, referring to the Debtor's plan of
reorganization.

The TCR reported that the Disclosure Statement filed on Jan. 17
stated that general unsecured claims classified in Class 5 would
receive a pro rata distribution of $4,000, and that the Plan would
be funded by Debtor's ongoing sales operations.

              About Esteban Distributor

Headquartered in Toa Baja, Puerto Rico, Esteban Distributor Inc.
filed for Chapter 11 bankruptcy protection (Bankr. D.P.R. Case No.
16-03799) on May 11, 2016, estimating its assets and liabilities at
between $100,001 and $500,000 each.  Maria Soledad Lozada Figueroa,
Esq., at MS Lozada Law Office serves as the Debtor's bankruptcy
counsel.


EVEN ST. PRODUCTIONS: Hires Berlandi Nussbaum as Special Counsel
----------------------------------------------------------------
Even St. Productions, Ltd., et al., seek authority from the U.S.
Bankruptcy Court for the Central District of California to employ
Berlandi Nussbaum & Reitzas LLP, as special counsel to the
Debtors.

The Debtors manage, promote, and monetize the rights and interests
emanating from the skills and talents of Sylvester Stewart p/k/a
Sly Stone ("Sly"), and the musical group Sly & the Family Stone.

The Debtors' primary source of revenue is the royalties and
licensing fees assigned to the Debtors by Sly. One portion of the
Royalties is those Royalties which are administered by Broadcast
Music, Inc. ("BMI"). Virginia Pope and Majoken Inc. (the "Pope
Parties") claim to own the BMI Royalties, and Virginia Pope claims
to be the successor-in-interest to Kenneth Roberts ("Roberts") in a
lawsuit initiated by Roberts and Majoken Inc. in 2010 (the "Royalty
Litigation"). Roberts passed away during the Royalty Litigation.

The Debtors have recently discovered that there exists a probate of
the estate of Roberts in New York County Surrogate's Court, that
was commenced after Virginia Pope and her counsel represented to
the State Court in the Royalty Litigation that no probate of
Roberts' estate existed in California. Virginia Pope apparently
commenced the probate case in the New York Surrogate's Court, and
was appointed as executor there.

The Debtors are informed and believe that the Pope Parties did not
disclose the Royalty Litigation to the New York Surrogate's Court
or to the creditors therein. The Surrogate's Court files reveal
that there are numerous creditors of Roberts whose existence
preceded the creation of Virginia Pope's supposed interest in the
Royalty Litigation.

Even St. Productions requires Berlandi Nussbaum to evaluate
Virginia Pope's actual interest in the Royalty Litigation, and
analyze and, if necessary, participate in, the probate matters
pending in New York.

Berlandi Nussbaum will be paid at these hourly rates:

     Partners                  $625
     Of Counsels               $500
     Associates                $350
     Paralegals                $125
     Administrative            $75

Berlandi Nussbaum will be paid a retainer in the amount of
$10,000.

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

Joshua T. Reitzas, partner of Berlandi Nussbaum & Reitzas LLP,
assured the Court that the firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code and does
not represent any interest adverse to the Debtors and their
estates.

Berlandi Nussbaum can be reached at:

     Joshua T. Reitzas, Esq.
     BERLANDI NUSSBAUM & REITZAS LLP
     125 Park Avenue, 25th Floor
     New York, NY 10017
     Tel: (212) 804-6329
     Fax: (646) 461-2312

                 About Even St. Productions, Ltd.

Even St. Productions Ltd. and Majoken, Inc. sought Chapter 11
protection (Bankr. C.D. Cal. Case Nos. 13-24363 and 13-24389) on
May 31, 2013, in Los Angeles.  Even St. and Majoken each estimated
assets and debts of $1 million to $10 million.

Krikor J. Meshefejian, Esq., and David L. Neale, Esq., at Levene
Neale Bender Rankin & Brill, LLP, serve as counsel to the Debtors.

The Debtors hired BPE&H as accountant, and Loeb & Loeb LLP as
special counsel.  

On October 21, 2016, the Debtors filed a Chapter 11 plan of
liquidation and disclosure statement.


EXTRACTION OIL: Fitch Assigns BB/RR2 Rating to $350MM Unsec. Notes
------------------------------------------------------------------
Fitch Ratings has assigned a 'BB/RR2' rating to Extraction Oil &
Gas, Inc.'s (XOG) $350 million unsecured notes issuance. Net
proceeds from the issuance will be used to partially fund 2017
capital expenditures and for general corporate purposes.

The long-term debt issuance is in line with Fitch's previous
assumptions, enhances liquidity, and is consistent with XOG's
target of a minimum of 50% availability on the revolver. Liquidity
as of June 30, 2017 was approximately $563.7 million, consisting of
$88.7 million in cash and equivalents and $475 million from an
undrawn revolver.

KEY RATING DRIVERS

Single Basin Asset: XOG has a concentrated position in the DJ
Basin, consisting of 241,000 total net acres, 115,000 of which XOG
considers to be core. The company estimates it has 2,600 net
drilling locations and 14 years of inventory at current operating
levels in their core acreage in the Niobrara and Codell formations.
XOG estimates that 80% of their drilling inventory is economic at
$45/bbl and 27% is economic at $30/bbl based on the current type
curve, which they are currently exceeding by 20%-50% using higher
amounts of proppant loading. The economics of XOG's core drilling
locations should increase resiliency to moderate oil price shocks,
supporting the overall development plan. Cash netbacks in the first
quarter of 2017 were healthy at $12.9/boe, and Fitch expects
moderately improving production costs per unit throughout the
forecast as XOG gains production scale.

Growth Focused Operations: XOG has a near-term plan to grow average
production from 29.9 mboe/d in 2016 to approximately 50 mboe/d in
2017, exiting the year at close to 70 mboe/d in production. To
achieve the growth goal, XOG has implemented well pad drilling and
completion techniques. Most of the pads are large, with 12 to 20
wells per pad, which allows for rig mobilization efficiencies,
drilling repeatability and greater estimated ultimate recoveries.
Fitch recognizes a degree of execution risk in using large pads
considering the size of XOG's current production. A delay in
completing the wells could cause material differences in actual
versus forecasted production volume and cash flows. As XOG
increases its overall production base, Fitch expects these risks to
diminish and favors the efficiencies associated with the technique.
Additionally, the current development plan is on target, exceeding
first quarter guidance by 4%.

Negative FCF Through Forecast: The fast ramp in production volumes
will require significant capital expenditures throughout the
forecast. Fitch expects XOG to run sizeable negative free cash flow
through 2017 and 2018, prompting a need for external capital
through equity or debt issuances. Fitch expects XOG to have a cash
flow deficit of approximately $600 million in 2017 but recognizes
it has essentially been pre-funded with equity via the 2016 IPO.
Fitch's forecast anticipates that the company will fund additional
near-term cash flow deficits with revolver borrowings, long-term
note issuances, or a combination to help fund growth.

Improving Credit Metrics: Fitch's base case forecasts that
debt/EBITDA will decrease from 3.8x in 2016 to 2.4x in 2018,
primarily due to increased production volumes, lower unit operating
costs, and moderate revenue uplift from Fitch's base case oil and
gas price assumptions. These positive factors are partially offset
by increases in gross debt used to fund development spending.
Management has indicated a net debt/EBITDAX target of between
1.0x-1.5x, which should be achievable over time if the company is
successful in growing production volumes as expected. Additionally,
reserve-based and debt/flowing barrel metrics are strong for the
rating category and compare favorably to peers. The improving
metrics are supportive to the rating and allow for some headroom if
there are material mismatches in the timing of capital expenditures
and cash flows from first production, which Fitch views as a
possibility considering the large pad completion technique.

Hedging Provides Stability: To support the development plan and
provide for increased cash flow stability, XOG hedges up to 85% of
forecasted production and begins to hedge production before money
is spent on completion activities. Currently, the company has
approximately 84% of their forecasted 2017 oil production hedged.
The company has also been layering on 2018 volumes via collars with
a floor near $50 that should lock in solid returns for the company
should prices trend lower. Fitch expects XOG to continue their
hedging program through the forecast period and views management's
hedging strategy as supportive for the credit profile.

Colorado Regulatory Environment: Recent events involving the oil
and gas industry in Colorado highlight risk associated with having
a singular basin focus. However, Fitch believes developments in
2016 helped make the industry more resilient to potential sweeping
regulations. These include constitutional amendment 71, which makes
it more difficult to change the state constitution via a ballot
initiative, and another ruling that prohibits local restrictions on
oil and gas beyond state regulation. Fitch also believes the
positive economic impact of the industry on Colorado through job
creation and state and local tax income provides a layer of
security against strong actions against the industry. However, a
disruption in activity or material increase in operating costs
associated with regulatory actions could lead to negative rating
actions.

Recovery Ratings Unchanged: Fitch uses a going-concern approach to
model XOG's recovery prospects, driven by the company's competitive
unit economics and high likelihood of reserve development. An
EBITDA value of $600 million is used, which is moderately below
Fitch's 2018E base-case EBITDA forecast. This is based on
expectations for strong production growth in 2017 with good YTD
results, improving unit economics, and the company's current hedge
positions, which should support the 2017 development plan and
operational momentum heading into 2018. Base case pricing (oil of
$52.5/bbl, natural gas of $3.00/mcf, both adjusted for quality and
geographic differentials) is used to estimate 2018 EBITDA, as
Fitch's going-concern recovery estimates enterprise value following
emergence from bankruptcy, rather than stressed enterprise value in
a pricing scenario that may lead to a default or restructuring.

Fitch utilized a 4.0x EBITDA multiple, which is below recent
reorganization multiples for the sector (6.3x). Reorganization
multiples can vary widely based upon the commodity price
environment upon emergence, as well as company specific factors
that led to restructuring, including weak full-cycle cost positions
or untenable capital structures. The 4.0x assumption for XOG
reflects a combination of factors, including the company's good
reserve and production growth prospects, as well as the significant
top line risk inherent to oil & gas production companies, which can
lead to high variance in observed market EV/EBITDA multiples.

After assuming a 10% administrative claim, waterfall recoveries are
consistent with the last review. Recovery ratings are unchanged
after adding the new long-term debt, resulting in expectations of a
full recovery for the senior secured credit facility ('RR1').
Consistent with guidance in Fitch's recovery criteria, as well as
the inherent volatility in valuations for E&P companies, Recovery
Ratings for the unsecured notes remain at 'RR2'.

DERIVATION SUMMARY

Extraction is a smaller pure play DJ Basin E&P company with a
sizeable land position in Colorado. Production is expected to
average approximately 50 mboe/d in 2017, much like similarly rated
peer Unit Corp. ('B+'/Outlook Stable), but smaller than Ultra
Petroleum Corp. ('BB-'/Outlook Stable) and QEP Resources, Inc.
('BB'/Outlook Stable), which are larger at over 100mboe/d. Credit
metrics are expected to be within tolerances for the rating
category, peaking at 3.8x and dropping to 2.4x in 2018. Unit
Corporation is expected to have leverage of 2.8x in 2017, and Jones
Energy ('B'/Outlook Stable) is expected to have peak leverage in
2017 at 4.7x. Cash costs for XOG are the strongest of the group,
with a netback of $12.9/boe for March 31, 2017. QEP received
similar netbacks at $11.7/boe, and Jones' and Resolute's (B-
Outlook Stable) netbacks were less at $8.1/boe and $8.5/boe
respectively. The sizeable acreage position and development plan is
a positive differentiator when compared to Resolute Energy, which
has a small, evolving asset position. However, Extraction's ratings
are currently limited by their production size and operational
risks related to their drilling & completion program and plans for
rapid production growth.

KEY ASSUMPTIONS

Fitch's key assumptions within the rating case for the issuer
include:

-- WTI oil price that trends up from $50/bbl in 2017, $52.5/bbl
    in 2018, $57.5/bbl in 2019 to $62.5/bbl long-term.

-- Henry Hub gas price that trends up from $2.75/mcf in 2017,
    $3.00/mcf in 2018 and 2019 to $3.25/mcf long-term.

-- Production of approximately 51 mboe/d in 2017, consistent with

    management's guidance, followed by approximately 60% volume
    growth in 2018.

-- Capital expenditures of $875 million in 2017 with similar
    levels in 2018.

-- 2018 FCF deficits are funded with debt.

RATING SENSITIVITIES

Future Developments That May, Individually or Collectively, Lead to
Positive Rating Action

-- Sustained operational momentum, with production volumes at or
    in excess of 100mboe/d.

-- Maintenance of debt/EBITDA below 3.5x and debt/flowing barrel
    below $30,000.

-- Maintenance of an adequate hedging program to facilitate
    drilling & completion activity.

Future Developments That May, Individually or Collectively, Lead to
Negative Rating Action

-- Expectations of mid-cycle debt/EBITDA above 4.0x.

-- Loss in operational momentum leading to production below 40
    mboe/d.

-- Deterioration of the liquidity profile or an inability to
    access capital to fund growth.

-- Regulatory actions that materially impact DJ Basin operations.

LIQUIDITY

Liquidity as of June 30, 2017 was approximately $563.7 million,
consisting of $88.7 million in cash and equivalents and $475
million from an undrawn revolver. The credit facility is a
borrowing base revolver with semi-annual redeterminations on May 1
and Nov. 1. The company has elected to have a redetermination of
the borrowing base on Aug. 1, 2017. In the medium term, Fitch
expects the borrowing base to increase as the company expands its
reserve base, helping to offset some liquidity risk. The company
has no near-term debt maturities, with $550 million in senior
unsecured notes due 2021 and $350 million in senior unsecured notes
due 2024.

FULL LIST OF RATING ACTIONS

Fitch has assigned the following rating:

Extraction Oil & Gas, Inc.

-- Senior unsecured notes 'BB / RR2'.

Fitch currently rates Extraction:

-- Long-Term IDR 'B+';
-- Senior secured revolver 'BB+/RR1';
-- Senior unsecured notes 'BB/RR2'.


FINJAN HOLDINGS: Oral Argument in 'Blue Coat' Suit Set for Sept. 8
------------------------------------------------------------------
Finjan Holdings, Inc., and its wholly-owned subsidiary, Finjan,
Inc., announced that oral argument will be heard at the United
States Court of Appeals for the Federal Circuit on Sept. 8, 2017,
at 10:00 a.m. ET, in the matter Finjan, Inc. v. Blue Coat Systems
Inc. (5:13-cv-03999-BLF).

                        About Finjan

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

Finjan reported a net loss attributable to common stockholders of
$6.43 million for the year ended Dec. 31, 2016, a net loss
attributable to common stockholders of $12.60 million for the year
ended Dec. 31, 2015, and a net loss of $10.47 million for the year
ended Dec. 31, 2014.  

As of March 31, 2017, Finjan had $29.85 million in total assets,
$6.54 million in total liabilities, $6.26 million in series A
preferred stock and $17.04 million in total stockholders' equity.


FIRSTLIGHT FIBER: Moody's Assigns B3 Corporate Family Rating
------------------------------------------------------------
Moody's Investors Service has assigned a first-time B3 corporate
family rating (CFR) and a B3-PD probability of default rating (PDR)
to TVC Albany, Inc., doing business as FirstLight Fiber. Moody's
has also assigned a B2 (LGD3) rating to the company's proposed
senior secured credit facility comprised of a $275 million
seven-year term loan B and a $25 million five-year revolver. The
proceeds from the senior secured credit facilities will be used by
the company to acquire Finger Lakes Technologies Group (Finger
Lakes) and 186 Communications (186). The ratings reflect Moody's
view of the pro forma entity. The ratings are contingent upon
Moody's review of final documentation and no material change in the
terms and conditions of the debt as advised to Moody's. Moody's
expects both acquisitions to close late in the third quarter. The
outlook is stable.

Assignments:

Issuer: TVC Albany, Inc.

-- Probability of Default Rating, Assigned B3-PD

-- Corporate Family Rating, Assigned B3

-- Senior Secured Bank Credit Facility, Assigned B2 (LGD 3)

Outlook Actions:

-- Outlook, Assigned Stable

RATINGS RATIONALE

FirstLight's B3 CFR is supported by a solid recurring revenue
model, low churn, and the potential for solid organic growth due to
the strong demand characteristics of the fiber infrastructure
market. Demand for bandwidth is expected to continue to increase
from both carrier and enterprise customers, fueled partly by an
increase in cloud computing which should drive data revenue. The
company benefits from sizable on-net enterprise revenue, revenue
diversity with data center connectivity and colocation, and a
growing fiber-to-the-tower (FTTT) business. As a leading fiber
communications provider within its target markets, FirstLight has
carved out a defensible niche in mainly second and third tier
markets with its fiber-based communication services. The company
effectively competes for and mainly serves the needs of large
enterprise and carrier customers, with a smaller focus currently on
medium and small enterprise customers underserved by cable and ILEC
(incumbent local exchange carrier) peers.

The rating also reflects FirstLight's small scale, high leverage,
weak free cash flow (FCF), and execution and integration risks
associated with the acquisition of Finger Lakes and 186. The
company is already in the process of integrating two assets
acquired earlier in the year and will be expending more resources
to integrate these newer acquisitions when they close late in the
third quarter. This creates some operational risk which could lead
to elevated churn and potential slowing in revenue growth. The
timeline for realization of merger synergies could also become
elongated given the difficult task of executing this multi-company
integration effort. This could further pressure the company's
credit metrics and FCF trajectory, which is expected to remain
barely break-even through 2018 before ramping into positive
territory beginning in 2019 and later years. FirstLight owns
outright about 55% of the approximately 14,600 route miles of its
combined metro and long haul fiber network, with the remainder
comprised largely of various long-term IRUs (indefeasible rights of
use). This network ownership structure contributes to slightly
increased leverage tolerance for the rating relative to peers.

Following the purchase of FirstLight in September 2016 by Oak Hill
Capital Partners (Oak Hill), the company embarked on an aggressive
consolidation strategy of rolling up fiber networks adjacent to its
footprint. Including those pending, the company will have made four
key acquisitions since Oak Hill became its sponsor, enlarging its
presence in New York state and the New England region of the US
with an attractively scaled fiber network not easily replicated.
FirstLight's strategy of operating in second and third tier markets
where competition is less intense has worked well, enabling the
company to steadily grow its customer penetration of on-net
buildings as evidenced by its track record in mature markets such
as Albany. With FirstLight's expanded network size and scope, the
company is well positioned to gain additional share across its
sizable addressable market.

Moody's expects that FirstLight will maintain good liquidity over
the next 12 months due to marginally positive free cash flow, which
is further helped by merger and operational cost synergies. The
company will have a $25 million revolver which Moody's expects will
remain undrawn. The first lien facilities are subject to a maximum
total net leverage covenant of 8.75x, stepping down at a time to be
set at deal close. Moody's believes FirstLight will have sufficient
cushion on the financial covenant for the next 12 months. The
company owns valuable fiber assets but these are mainly encumbered
by the bank facilities.

The ratings for debt instruments reflect both the probability of
default of FirstLight, to which Moody's assigns a PDR of B3-PD, and
individual loss given default assessments. The senior secured
credit facilities are rated B2 (LGD3), one notch above the CFR
given the loss absorption support from an unrated second lien term
loan.

The stable outlook reflects Moody's view that FirstLight will
continue to grow revenue and EBITDA, resulting in leverage trending
below 6x (Moody's adjusted) by 2018.

The B3 rating could be upgraded if leverage is sustained below 4.5x
(Moody's adjusted) and free cash flow to debt is in the 5% to 10%
range. The rating could be downgraded if liquidity deteriorates, if
free cash flow weakens or if leverage is not on track to fall below
6x (Moody's adjusted) by fiscal year end 2018.

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

FirstLight, with headquarters in Albany, NY, is a provider of
communications infrastructure services in the Northeast US. Pro
forma for the proposed acquisitions, the company will generate
approximately $180 million of annual revenues.


FLORIDA ORGANIC: Unsecureds Get Full Payment Under Plan
-------------------------------------------------------
Florida Organic Aquaculture, LLC, filed with the U.S. Bankruptcy
Court for the Southern District of Florida a disclosure statement
describing its plan of reorganization, dated July 21, 2017.

Class X under the plan consists of all Allowed General Unsecured
Claims of less than $4,000. Claimholders with Allowed General
Unsecured Claims of less than $4,000 shall receive a one-time
distribution of the full amount of their claim without interest
within 90 days of the effective date.

Class XI class consists of all Allowed General Unsecured Claims
between $4,000 and $9,000 totaling approximately $48,983.77.
Claimholders with Allowed General Unsecured Claims between $4,000
and $9,000 shall have their claim paid in full in regular monthly
installments, without interest, over one year from the effective
date. Payments shall commence within 30 days of an entry of an
order confirming the Debtor's Chapter 11 Plan of Reorganization.

Payments and distributions under the Plan will be funded by
revenues generated from the Debtor's business operations, which
require a cash infusion to reach full capacity. The funding of the
Debtor’s Plan is dependent on a cash infusion of approximately
$1.5m.

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

     http://bankrupt.com/misc/flsb17-15012-51.pdf

             About Florida Organic Aquaculture

Based in Jupiter, Florida, Florida Organic Aquaculture, LLC, is
engaged in shrimp cultivation using energy-efficient and
sustainable aquaculture techniques.  Florida Organic Aquaculture
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
S.D. Fla. Case No. 17-15012) on April 24, 2017.  The petition was
signed by Clifford Morris, managing member.  

Malinda L. Hayes, Esq., at Markarian Frank & Hayes serves as the
Debtor's bankruptcy counsel.

The case is assigned to Judge Erik P. Kimball.

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


FLOWORKS INT'L: S&P Lowers CCR to 'CC', On CreditWatch Negative
---------------------------------------------------------------
S&P Global Ratings lowered its corporate credit rating on
Houston-based Floworks International LLC to 'CC' from 'CCC+' and
placed it on CreditWatch with negative implications.

S&P said, "At the same time, we lowered our issue-level rating on
the company's senior secured notes due 2019 to 'CC' from 'CCC+' and
placed it on CreditWatch with negative implications. The recovery
rating on the notes remains '4', which indicates our expectation
for average (30% to 50%; rounded estimate: 35%) recovery in the
event of a conventional payment default."

The downgrade follows Floworks International LLC's announcement of
a proposed exchange offering for its existing $250 million 8.75%
senior secured notes due 2019 ($220.9 million of principal
outstanding). The exchange offer will be outstanding for 20
business days.

S&P said, "The CreditWatch placement reflects our expectation that
we will lower our corporate credit rating on Floworks International
LLC to 'SD' (selective default) and our issue-level rating on the
company's senior secured notes due 2019 to 'D' (default) when the
proposed transaction is complete, which we believe will occur over
the next 90 days."


FOOTHILL/EASTERN TRANSPORTATION: Moody's Hikes Sr. Debt From Ba1
----------------------------------------------------------------
Moody's Investors Service upgraded the senior lien and junior lien
bonds of the Foothill/Eastern Transportation Corridor Agency (CA)
(F/ETCA or agency) to Baa3 from Ba1. The rating outlook is stable.

The upgrade to Baa3 from Ba1 acknowledges four years in a row of
stronger than forecasted traffic and revenue growth, which has
helped reduce the required rate of future toll increases to rates
that are more in line with inflationary rates in order to maintain
adequate debt service coverage ratios going forward. The rating
also acknowledges the ongoing growth in the Orange County service
area economy, which is expected to continue to contribute to
traffic and revenue growth, the agency's strong liquidity profile
and growing reserve fund balances as well as steady toll increases
over the past eight consecutive years.

The rating continues to reflect a high leverage ratio, accompanied
by an escalating debt service profile growing at higher than annual
inflationary rates and a deferral of principal repayment resulting
from the most recent debt restructuring as a result of inability to
meet earlier traffic and revenue projections which constrain the
toll road's financial flexibility in the event of economic
downturns limiting its timeframe for recovery and resiliency. While
short term annual debt service requirements grow at a slower annual
rate post restructuring, it remains back loaded and repayment
depends on sustained annual traffic and/or revenue growth supported
by annual inflationary toll rate increases.

The rating also considers that there are no principal repayments
until 2020 and that the majority of principal (72%) is repaid in
the last decade of the Caltrans Cooperative Agreement with
Caltrans, allowing for stronger coverages over the next decade, but
which could be pressured in later periods in the absence of
continuous annual growth.

Rating Outlook

The stable rating outlook is based on the expectation of continued
traffic and revenue growth for FY 2018 of above most recent traffic
and revenue forecast aided by the 2% approved toll increase for the
year coupled with the maintenance of strong levels of unrestricted
liquidity.

Factors that Could Lead to an Upgrade

  Accelerated development in the toll road corridor that generates
sustained higher than forecasted growth in traffic and revenues

  More rapid amortization of outstanding debt

  Implementation of automatic annual rate increases

  Sustained traffic and revenue growth at higher than forecasted
rates

Factors that Could Lead to a Downgrade

  Lower than forecasted traffic and revenue due to slower than
expected growth

  Failure to implement rate increases as needed to provide at
minimum the covenanted 1.3 times DSCR for senior and 1.15 times for
all bonds

  Substantial additional borrowing for and construction of projects
not supported by additional traffic and revenue from related
projects

Legal Security

The bonds are secured by net toll road revenues and other revenues
(mainly account maintenance fees, violation fees and fines,
investment income and DIFs collected above $5 million annually),
and a cash funded debt service reserve fund (DSRF) funded at the
lesser of the standard three-prong test for both the senior and
junior lien bonds. Security also includes a Use and Occupancy Fund
and a Revenue Guarantee Account.

Use of Proceeds

Not applicable.

Obligor Profile

The Foothill/Eastern Transportation Corridor consists of 36 miles
of high speed, electronically tolled four-to-six lane roads. The
two toll roads that make up the corridor were partially opened in
1995 and fully completed in February 1999. In 1999 the agency
restructured its debt and extended principal maturities by five
years to improve the DSCR due to slower than projected traffic and
revenue ramp-up.

In November 2005 the agency entered into a mitigation and loan
agreement with the San Joaquin Hills Transportation Corridor Agency
(SJHTCA) to offset the forecasted toll revenue diversion impact of
the Foothill South extension to complete the 241 toll road and the
connection to I-5. To-date the agency has made $120 million in
mitigation payments to SJHTCA. With the 2014 debt restructuring for
SJHTCA, the mitigation agreement has been terminated, and SJHTCA
will repay the mitigation payments to F/ETCA beginning in 2025, if
surplus funds are available. The mitigation agreement would have
allowed F/ETCA to provide up to $1.04 billion in loans to help
SJHTCA meet its rate covenant.

In 2013, the agency restructured nearly all of its then outstanding
debt to reduce and level debt structure by extending final maturity
by 13 years to 2053 similar to an extension of the Caltrans
Cooperative Agreement. Caltrans remains the owner of the toll road
asset and pays for all non-toll collection-related operations and
maintenance expenses.

Methodology

The principal methodology used in this rating was Government Owned
Toll Roads published in November 2016.


FOUNDATION HEALTHCARE: Has Final OK for $1.3M Financing, Cash Use
-----------------------------------------------------------------
Judge Russell F. Nelms of the U.S. Bankruptcy Court for the
Northern District of Texas issued a final order authorizing
University General Hospital, LLC and Foundation Healthcare, Inc.,
to obtain up to an aggregate total amount of $1,250,000 in
postpetition financing and approving the postpetition financing
promissory note payable to Texas Capital Bank, National
Association, as administrative agent.

The DIP Financing will bear interest at a non-default rate of 6%
per annum, and after the occurrence of an Event of Default, the DIP
Financing will bear interest at a rate equal to 10% per annum.

The DIP Lenders will advance the DIP Financing upon draw requests
by the Debtors in accordance with the Budget and the terms of the
Final Order. Such DIP Financing draw requests will be:

     (a) limited to an amount not more than the amount necessary or
required to fund expenses pursuant to the Budget for the two budget
weeks commencing as of such DIP Financing draw request;

     (b) limited to not more than one draw request per week; and

     (c) in an amount not less than $5,000 per request.

The Debtors are permitted to use cash collateral and the proceeds
of the DIP Financing solely for the purposes and only up to the
respective aggregate amount of disbursements set forth in the
Budget for any week during the term of the Order, subject to the
Permitted Variance.

The Debtors are directed to maintain the following
debtor-in-possession accounts and close all other deposit accounts
of the Debtors:

     A. University General Hospital's existing deposit accounts at
Texas Capital Bank with account numbers ending 2837 (the "UGH
Operating Account") and 2845;

     B. University General Hospital's deposit account at AmegyBank
ending in account number 7558 for receipt and deposit of Medicare
and other third party payor payments all of which are to be
disbursed daily via auto-sweep to the UGH Operating Account; and

     C. Foundation Healthcare's existing deposit accounts at DIP
Agent with account numbers ending 3512 (the "FHI Operating
Account") and 4114.

To secure the DIP Financing, Texas Capital Bank, for and on behalf
of the DIP Lenders, is granted priming, first priority, continuing,
valid, binding, enforceable, non-avoidable, and automatically
perfected post-petition liens and security interests in and on all
of the Debtors' and the Debtors' bankruptcy estates' real and
personal property. In addition, Texas Capital Bank is granted a
super-priority administrative claim in an aggregate amount equal to
the DIP Financing, which DIP Super-Priority Claim will have
priority over all other costs and expenses of administration of any
kind.

As of the Petition Date, Texas Capital Bank, National Association,
as administrative agent, has asserted that the aggregate amount of
not less than $6,284,895 was due and owing by Foundation Healthcare
to the Prepetition Lenders pursuant to that certain Credit
Agreement among Foundation Healthcare and Prepetition Lenders. In
addition, Texas Capital Bank has asserted that the aggregate amount
of not less than approximately $7,622,000 was due and owing by
University General Hospital to the Prepetition Lenders under the
Intercompany Indebtedness Documents.

As adequate protection to the Prepetition Lenders, Texas Capital
Bank is granted valid, perfected, first-priority additional and
replacement security interests in and liens upon all of the
Debtors' right, title and interest in, to, and under (a) all assets
in which the Prepetition Lenders hold validly perfected liens as of
the Petition Date, and (b) all of the Debtors' now owned and
after-acquired real and personal property, assets and rights,
including the proceeds, products, rents and profits of all of the
foregoing.  

Texas Capital Bank will also have an allowed superpriority
administrative expense claim in these Case and any successor case,
which will have priority over all other costs and expenses of
administration of any kind, and will at all times be senior to the
rights of the Debtors and/or any successor trustee or other estate
representative in these Cases.

The DIP Liens, Replacement Liens, and Super-Priority Claims will be
subject to: (a) all fees required to be paid to the Clerk of the
Court and to the U.S. Trustee; and (b) to the extent allowed by the
Court, and subject to the Budget, all accrued and unpaid fees,
disbursements, costs and expenses of professionals or professional
firms retained by Debtors in an amount not to exceed $100,000 in
the aggregate.

The Debtors' authorization to use cash collateral and the proceeds
of the DIP Financing will cease, on the earliest to occur of the
following:

     (a) September 8, 2017;

     (b) the sale of all or substantially all assets of the
Debtors;

     (c) confirmation of a chapter 11 plan in these Cases; or

     (d) the occurrence of any of the Event of Default provided in
the Final Order.

A full-text copy of the Final Order, dated July 20, 2017, is
available at http://tinyurl.com/ycogk2ot

Texas Capital Bank, National Association is represented by:

         Eli O. Columbus, Esq.
         HAYNES AND BOONE, LLP
         2323 Victory Avenue, Suite 700
         Dallas, Texas 75201
         Phone: (214) 651-5000
         Fax: (214) 651-5940
         Email: eli.columbus@haynesboone.com


                 About Foundation Healthcare, Inc.

University General Hospital LLC is a 69-bed health care facility
located at 7501 Fannin Street, Suite 100 Houston, Texas. Prior to
its closure in January 2017, University General Hospital offered a
full array of equipment and services including inpatient and
outpatient medical treatments and surgeries.

Foundation Healthcare Inc., a publicly traded Oklahoma corporation,
was in the business of owning and managing facilities which
operated in the surgical segment of the healthcare industry. It has
ceased to conduct business operations and has no employees.
Foundation Healthcare currently only has a contracted interim Chief
Financial Officer and a contracted Chief Restructuring Officer, and
one part time assistant.

University General Hospital, doing business as Foundation Surgical
Hospital of Houston, and its affiliate Foundation Healthcare filed
Chapter 11 petitions (Bankr. N.D. Tex. Case Nos. 17-42570 and
17-42571) on June 21, 2017. The petitions were signed by Richard
Zahn, manager.  The cases are jointly administered before Judge
Russell F. Nelms with Foundation Healthcare's case as the lead.

The Debtors are represented by Vickie L. Driver, Esq. at Husch
Blackwell LLP. The Debtors hire Michael S. Miller of Ankura
Consulting Group, LLC, as chief restructuring officer. The Debtors
employ Eide Bailly LLP, as accountant and Donlin, Recano & Company,
Inc. as their claims and noticing agent.

At the time of filing, University General disclosed $1 million to
$10 million in assets and $1 million to $50 million in liabilities.
Foundation Healthcare disclosed $1 million to $10 million in assets
and liabilities.

University General Hospital, Inc., sought bankruptcy protection
(Bankr. S.D. Tex. Case No. 15-31097). The case was filed on Feb.
27, 2015. Foundation HealthCare completed its acquisition of
University General Hospital in January 2016. Foundation HealthCare
purchased the facility for $33 million in a court-approved sale.


GENERAL WIRELESS: Court Extends Plan Filing Period to Aug. 16
-------------------------------------------------------------
Judge Brendan L. Shannon of the U.S. Bankruptcy Court for the
District of Delaware entered a bridge order extending General
Wireless Operations, Inc. and its affiliates' exclusive period to
file a Chapter 11 Plan through and including the later of the
conclusion of a hearing on the exclusivity motion and August 16,
2017.

The Troubled Company Reporter has previously reported that the
Debtors filed a Motion asking the Court to extend by approximately
60 days the periods during which they have the exclusive right to
file a chapter 11 plan, and to solicit acceptances of such plan,
through and including September 5, 2017 and November 4, 2017,
respectively. A hearing with respect to the Debtor's Motion has
been set to be held on July 24, 2017 at 11:00 a.m.  

The Debtors related that on the Petition Date, they operated
approximately 1,500 retail locations, in addition to their
e-commerce business and dealer network. The Debtors also related
that over the past four months they have closed or are in the
process of closing most of those stores, and have dramatically
scaled back their operations and employee base pursuant to the
Court's prior orders.

Through the chapter 11 process, the Debtors claimed that they have
liquidated most, though not all, of their brick-and-mortar retail
locations. But the Debtors told the Court that they continue to
operate their e-commerce business and maintain their 425-member
dealer network.

The Debtors said that they were currently formulating a plan of
reorganization that will center on the operation of an e-commerce
business with a retail web presence, warehouse facilities and
electronics inventory similar to that sold historically by the
Debtors.

Subject to the satisfactory resolution of plan discussions with
certain key constituents, the Debtors believed they can maximize
the value  of their remaining business and assets by promptly
confirming a chapter 11 plan of reorganization.  Toward that end,
the Debtors said that they were engaged in discussions with their
second-lien lenders and the Official Committee of Unsecured
Creditors appointed in these cases regarding the potential
resolution of issues between those parties to facilitate a
consensual chapter 11 plan process.

The Debtors anticipated proposing a chapter 11 plan in the coming
weeks. As such, the Debtors were requesting a short extension of
the Exclusive Periods while they negotiate and seek confirmation of
a reorganization plan.

                About General Wireless Operations

Based in Fort Worth, Texas, General Wireless Operations Inc., doing
business as RadioShack -- http://www.RadioShack.com/-- operates a  
chain of electronics stores.  Its predecessor, RadioShack Corp.,
then with 4,000 locations, sought Chapter 11 protection (Bankr. D.
Del. Case No. 15-10197) in February 2015 and announced plans to
close underperforming stores.   

In March 2015, General Wireless, a Standard General affiliate, won
court approval to purchase RadioShack Corp.'s assets, gaining
ownership of around 1,700 RadioShack locations.  Two years later,
General Wireless commenced its own bankruptcy case, announcing
plans to close 200 of 1,300 remaining stores.

General Wireless Operations Inc., and its affiliates based in Fort
Worth, Texas, filed a Chapter 11 petition (Bankr. D. Del. Lead Case
No. 17-10506) on March 8, 2017.  In its petition, General Wireless
estimated $100 million to $500 million in both assets and
liabilities.  Bradford Tobin, SVP and general counsel, signed the
petitions.

The Debtors tapped Pepper Hamilton LLP as legal counsel; Loughlin
Management Partners & Company, Inc., as financial advisor; and
Prime Clerk, LLC, as claims and noticing agent.

On March 17, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  The committee selected
Kelley Drye & Warren LLP as its lead counsel; Klehr Harrison Harvey
Branzburg LLP as local counsel; and Berkeley Research Group LLC as
financial advisor.


GENESEE & WYOMING: S&P Affirms 'BB' CCR, Outlook Still Negative
---------------------------------------------------------------
S&P Global Ratings affirmed its 'BB' corporate credit rating and
'BBB-' senior secured debt rating on Darien, Conn.-based Genesee &
Wyoming Inc. The outlook remains negative. The recovery rating on
the company's secured debt is '1', reflecting S&P’s expectation
of very high (90%-100%; rounded estimate: 90%) recovery in the
event of default.

S&P said, "We have affirmed our ratings on Genesee & Wyoming Inc.,
including our 'BB' corporate credit rating. However, we are
revising the company's financial risk profile to significant from
intermediate based on weaker-than-expected credit metrics; in
particular, an FFO-to-debt ratio of 13%-23% through 2018, which is
lower than our previous expectation of 23%-27%. We anticipate some
improvement in margins without the costs incurred in 2016 related
to its acquisitions and European restructuring. In addition, the
company added close to $500 million of debt when it purchased GRail
in December 2016 without the associated earnings and cash flow. At
the same time, we are revising the company's financial policy
modifier to neutral from negative because we believe M&A activity
will be constrained by fewer large acquisition targets in North
America.

"The negative outlook on the 'BB' corporate credit rating reflects
the company's weaker-than-expected credit metrics and operating
performance incurred in 2016, which resulted in a
higher-than-expected realized operating ratio. However, we foresee
some improvement over the next year."


GORDON OAKS: US Trustee Directed to Appoint Patient Care Ombudsman
------------------------------------------------------------------
Pursuant to 11 U.S.C. Section 333(a) and F.R.B.P. Rule 2007.2,
Judge James P. Smith of the U.S. Bankruptcy Court for the Middle
District of Georgia ordered the United States Trustee to appoint an
ombudsman to monitor the quality of patient care and to represent
the interests of the patients of Gordon Oaks at Greystoke, L.L.C.,
located at 8368 Rivoli Road, in Bolingbroke, Georgia, and operated
by the Debtor.

The United States Trustee is given until Aug. 3, 2017, to file a
motion with the Court for a determination to be made that an
ombudsman is not necessary for the Debtor and that an appointment
pursuant to the order is not necessary.

If the United States Trustee does not intend to file that motion,
the appointment must immediately be made, and the United States
Trustee must serve notice of that appointment upon all interested
parties.

If the United States Trustee intends to file that motion to
determine that an ombudsman is not necessary, the appointment must
be held in abeyance until the Court has had an opportunity to hear
the United States Trustee's motion.

Gordon Oaks at Greystoke, L.L.C., filed a Chapter 11 Petition
(Bankr. M.D. Ga. Case No. 17-51472) on July 12, 2017, and
represented by Wesley J. Boyer, Esq., at Boyer Law Firm, L.L.C., in
Macon, Georgia.  The petition was signed by Michael Winget,
managing member.

Gordon Oaks is engaged in the health care business (as defined in
11 U.S.C. Section 101(27A)).  Its principal assets are located at
Mobile, Mobile, AL 36608.  Gordon Oaks is an affiliate of Porter
Field Health & Rehab Center LLC, which sought bankruptcy protection
on June 27, 2017 (Bankr. M.D. Ga. Case No. 17-51362).

Gordon Oaks' case is assigned to Hon. James P. Smith.

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


GRASS VALLEY: Hearing on Amended Plan Scheduled for August 31
-------------------------------------------------------------
Judge R. Kimball Mosier of the U.S. Bankruptcy Court for the
District of Utah approved Grass Valley Holdings, L.P.'s amended
disclosure statement with respect to its amended plan of
reorganization filed on July 17, 2017.

The hearing on confirmation of the Amended Plan is scheduled to be
held on August 31, 2017, at 10:00 a.m. in the Courtroom of the
Honorable R. Kimball Mosier, United States Bankruptcy Court, 350
South Main Street, Salt Lake City, Utah 84101.

Any objection to confirmation of the Amended Plan must be filed no
later than August 24.

All persons and entities entitled to vote on the Amended Plan shall
deliver their ballots for acceptance or rejection of the Plan no
later than August 24, 2017.

                About Grass Valley Holdings

Based in Springville, Utah, Grass Valley Holdings, L.P., is a
holding company for real property located in Utah as well as an
interest in real property located in Idaho Falls, Idaho.

Grass Valley Holdings commenced a Chapter 11 bankruptcy case
(Bankr. D. Utah Case No. 15-24513) in Salt Lake City, Utah, on May
15, 2015.

The Debtor disclosed $21,478,874 in assets and $13,187,245 in
liabilities as of the Chapter 11 filing.

The case is assigned to Judge R. Kimball Mosier.  The Debtor is
represented by Gary E. Jubber, Esq., and Douglas J. Payne, Esq.,
at Fabian and Clendinin, in Salt Lake City.


GREATER EVANGEL: Sept. 20 Hearing on Plan Confirmation
------------------------------------------------------
Judge Ann M. Nevins of the U.S. Bankruptcy Court for the District
of Connecticut approved The Greater Evangel Temple Church of God in
Christ, Inc.'s first amended disclosure statement to accompany its
plan of reorganization filed on July 18, 2017.

Sept. 8, 2017, is fixed as the last day for returning written
ballots of acceptance or rejection of the Plan.

Sept. 20, 2017, at 11:30 AM is fixed as the date of the hearing to
consider confirmation of the Plan in the U.S. Bankruptcy Court, 157
Church Street, 18th Floor, New Haven, CT 06510.

Written objections to the Plan shall be filed with the court no
later than Sept. 1, 2017.

             About The Greater Evangel Temple

The Greater Evangel Temple Church of God in Christ, Inc. is a
historically African American church located in Ansonia,
Connecticut.  It has been in existence for more than 23 years and
is an important local religious institution, providing a house of
worship to over 200 members.  It is a member of Church of God in
Christ, a Pentecostal Christian denomination with more than six
million members.  The principal pastor at the church is Pastor
Edward Barnes.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. Conn. Case No. 16-31239) on August 5, 2016.
Edward
Barnes, president, signed the petition.

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


GREENSTAR HOSPITALITY: Hires Iwama Law Firm as Attorney
-------------------------------------------------------
Greenstar Hospitality LLC d/b/a Cabana Motel seeks authorization
from the U.S. Bankruptcy Court for the Western District of
Washington to employ Iwama Law Firm as attorney.

The Debtor requires Iwama Law to:

     a. represent the Debtor-in-Possession in this Chapter 11 case
and advise the Debtor as to its rights, duties and powers as a
Debtor-in-Possession;

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

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

     d. perform other legal services as may be necessary in
connection with this case.

Iwama Law lawyers who will work on the Debtor's case and their
hourly rates are:

     Masafumi Iwama                   $350
     Lamont S. Bossard, Jr.           $300

The Debtor paid an initial retainer of $11,700.

In addition, Mr. Sajjad Khan, the business manager of Debtor, paid
an additional $475 retainer.

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

Lamont S. Bossard, Jr., Esq., of Iwama Law Firm, assured the Court
that the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtor and its estates.

Iwama Law may be reached at:

     Lamont S. Bossard, Jr., Esq.
     Iwama Law Firm
     333 5th Avenue S.
     Kent, WA 98032
     Tel: 253-520-7671
     Fax: 253-520-7326

                    About Greenstar Hospitality

Greenstar Hospitality LLC owns and operates a business known as the
Cabana Motel located at 665 E. Windsor Street, Othello Washington.

Greenstar Hospitality filed for Chapter 11 bankruptcy protection
(Bankr. W.D. Wash. Case No. 17-12815) on June 22, 2017, estimating
its assets and liabilities at between $1 million and $10 million.
The petition was signed by Ahmed Fataftah, managing member.

Judge Timothy W. Dore presides over the case.

Lamont S. Bossard, Jr., Esq., at Iwama Law Firm, serves as the
Debtor's bankruptcy counsel.


GRIMM BROTHERS: Voluntary Chapter 11 Case Summary
-------------------------------------------------
Debtor: Grimm Brothers Realty Co.
        837 Swede Street
        Norristown, PA 19401

Case No.: 17-13697

Type of Business: Grimm Brothers is a privately-held company
                  in Norristown, PA, and is a wholesale
                  building materials supplier.

Chapter 11 Petition Date: May 26, 2017

Court: United States Bankruptcy Court
       Eastern District of Pennsylvania (Philadelphia)

Judge: Hon. Magdeline D. Coleman

Debtor's Counsel: Joshua Louis Thomas, Esq.
                  JOSHUA L. THOMAS & ASSOCIATES
                  P.O. Box 415
                  Pocopson, PA 19366
                  Tel: 215 806 1733
                  E-mail: joshualthomas@gmail.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $500,000 to $1 million

The petition was signed by Gary Grimm, officer.

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

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

       http://bankrupt.com/misc/paeb17-13697.pdf


GULF FINANCE: S&P Lowers CCR to 'B', Outlook Negative
-----------------------------------------------------
S&P Global Ratings said it lowered its corporate credit rating on
Gulf Finance LLC to 'B' from 'B+'. The outlook is negative. S&P
said, "We also lowered our issue-level rating on the company's term
loan B to 'B+' from 'BB-'. The recovery rating on term loan B is
unchanged at '2', indicating our expectation for substantial (70%
to 90%; rounded estimate: 70%) recovery in a default scenario."

S&P said, "The downgrade stems from Gulf Finance's 2016 performance
and our expectation of higher leverage levels over the next several
years. In 2016, performance was significantly below our
expectations, mainly driven by lower gasoline and distillate
pricing and lower internal throughput. Volumes were in line with
expectations, with third-party throughput offsetting decreases in
internal throughput and unbranded volumes compensating for the
decrease in branded volume sales. Renewable identification number
(RINs) sales were also lower than expected, which caused EBITDA to
decrease about $10 million in 2016. Previously, we had viewed this
issuer as being stronger than 'b' rated peers, but the increase in
leverage against our expectations has caused us to reassess this
positive comparison.

"The negative outlook reflects our view that Gulf Finance could
experience continued margin deterioration over the next few years,
which could lead to a large lag in debt paydown and diminished free
cash flow. Adjusted leverage is expected to be above 9.5x for the
next 12 months. Any further under performance could lead to
persistently higher leverage, which would be unsustainable at the
current rating level.

"We could lower the rating if the company fails to meaningfully
progress toward deleveraging below its current level. This could
occur if 2017 margins repeat 2016 performance or if volumes weaken
below our expectations; weather conditions could contribute to
continued underperformance.

"We could revise the outlook to stable if margins improve and the
company begins to meaningfully reduce debt. This could stem from
improvements in gasoline and distillate pricing that improve EBITDA
margin or leaner-than-expected operations."


GYMBOREE CORP: ARC SWWMGPA001, et al., Try To Block Disclosures OK
------------------------------------------------------------------
Landlords ARC SWWMGPA001, LLC, et al., filed an objection to the
disclosure statement filed by The Gymboree Corporation and its
debtor affiliates referring to the Debtors' plan of
reorganization.

As reported by the Troubled Company Reporter on June 27, 2017, the
Debtors filed with the Court a disclosure statement with respect to
their joint Chapter 11 plan of reorganization, dated June 16, 2017,
which provides for the reorganization of the Debtors as a going
concern and will significantly reduce long-term debt and annual
interest payments and preserve the Debtors' existing liquidity,
resulting in a stronger, delivered balance sheet. Specifically, the
Plan contemplates a restructuring of the Debtors through a
debt-for-equity conversion.

The Landlords include: ARC SW WMGPAOOl, LLC, Aronov Realty
Management, Brixmor Property Group, Inc., Centennial Real Estate
Co., CenterCal Properties, LLC, Crosspoint Realty Services, Inc.,
Deutsche Asset & Wealth Management, Esplanade Realty, LP, Federal
Realty Investment Trust, Foursquare Properties, Inc., GEM Realty
Capital, Inc., G&I VI Promenade, LLC, Greenberg Gibbons Commercial
Corporation, GS Pacific ER, LLC, Kravco Company, KRE Colonic Owner,
LLC, PGIM Real Estate, Retail Properties of America, Inc.,
Southgate Mall Associates, LP, ST Mall Owner LLC, Starwood Retail
Partners LLC, The Forbes Company, The Macerich Company, The Related
Companies, Trademark Property Company, TSW 2015, LLC, TYBAB
Partners LLC, Valley Square Owner, LLC, and YTC Mall Owner, LLC.

The Debtors lease retail space from the Landlords pursuant to
unexpired leases of nonresidential real property at shopping center
locations.

The Landlords complain, among others, that:

     a. the Debtors cannot pick and choose which Code provisions
        to follow and which to ignore.  Section 365(d)(4) requires

        the assumption or rejection of leases no later than the
        entry of the order confirmation a plan of reorganization,
        and the Debtors must abide by this provide to confirm
        their Plan.  Section 365(d)(4) provides that "an unexpired

        lease of nonresidential real property under which the
        debtor is the lessee shall be deemed rejected . . . if the

        trustee does not assume or reject the unexpired lease by
        the earlier of (i) the date that is 120 days after the
        date of the order for relief [or within such additional
        time as set by the Court and authorized by Section
        365(d)(4)]; or (ii) the date of the entry of an order
        confirming a plan."  The Disclosure Statement and Plan
        propose to give the Debtors the ability to reject leases
        after entry of the confirmation order on various grounds,
        including if they are dissatisfied with the cure
        resolution.  This potentially disenfranchises Landlords by
        permitting the Debtors to reject leases after the voting
        deadline, depriving Landlords with potentially significant

        rejection claims from voting to accept or reject the Plan.

        In addition, this may be used as an attempt to force
        Landlords to reduce their legitimate cure claims, even
        though there may be no legal basis to do so.  This is
        unsupported by either statutory authority or case law, and

        the Code requires that all leases of non-residential real
        estate will be assumed or rejected no later than the date
        of entry of the confirmation order.  The Debtors must
        either finalize its list of assumed and rejected leases
        such that landlords with rejected leases have time to vote

        on the Plan, or they must provide some mechanism to make
        sure that these landlords are not improperly
        disenfranchised by the plan process;

     b. the Disclosure Statement and Plan do not provide any
        information on what Adequate Assurance information the
        Debtors intend to provide to the Landlords.  The documents

        specify no deadline whatsoever by which Adequate Assurance

        information will be provided.  Absent sufficient Adequate
        Assurance information and a reasonable period of time to
        review information, Landlords that have leases that are
        being assumed by the Plan cannot properly assess the
        tenant that will take over the those leases post-
        confirmation;

     c. while the Plan does provide that the Debtors will
        distribute cure notices with the amounts of cure claims,
        the deadlines fail to provide sufficient time for
        meaningful review and an opportunity to object.  Article
        V.C of the Plan provides that Cure Notice will be
        distributed no later than 10 days prior to the
        Confirmation Hearing.  This section also requires that
        objections to the proposed assumption or related cure
        claim must be filed so as to be received by no later than
        seven days prior to the Confirmation Hearing.  This
        proposed schedule gives Landlords a mere three days to
        review the Cure Notice and prepare and file its objection;

     d. the Debtors should be required to provide Landlords with
        adequate assurance information and the Cure Notice no less

        than 10 before any objection is due to be filed.  There is

        more than enough time for the Debtors to provide the
        Landlords with meaningful opportunity to review crucial
        information and prepare objections;

     e. the Plan improperly seeks to modify rights under the
        leases.  The Plan provides that the assumption of leases
        will serve as a full release of any monetary and non-
        monetary defaults.  While the Debtors must pay all
        outstanding balances due under the lease as cure at the
        time of assumption, the Debtors assume, and must honor,
        other obligations under the leases, regardless of when
        they arise.  The Debtors cannot avoid these obligations
        through releases or waivers in their Plan;

     f. the leases also contain provisions that require the
        Debtors to indemnify Landlords with respect to various
        claims, which claims may not become known until after the
        assumption of the leases (i.e. personal injury claims at
        the Premises and damage to property by the Debtors or
        their agents).  Any assumption of the Leases must be
        subject to the terms of the leases, including the
        continuation of all indemnification obligations,
        regardless of when they arose.  Nothing in the Plan or
        confirmation order should act as a waiver or release of
        any indemnity or other rights that exist under the leases;

     g. the Plan improperly seeks to deprive creditors of their
        setoff and recoupment rights.  Through the injunction
        provisions, the Debtors improperly seek to deprive
        Landlords of their rights to setoff and recoupment.  To
        the extent any claim objections or preference actions are
        prosecuted against the Landlords following Plan
        confirmation, the Landlords should not be deprived of
        their rights to assert setoffs or exercise recoupment, or
        limited in their ability to enforce these rights.  The
        Debtors fail to provide any authority for seeking to void
        Landlords' ability to exercise their setoff and recoupment

        rights, and Debtors should not be permitted to deprive
        Landlords of these rights; and

     h. the injunction provisions of the Plan as described in the
        Disclosure Statement are overbroad and ambiguous.  The
        releases, waivers and injunction provisions referenced in
        the Disclosure Statement and Plan are overbroad and
        require revision.  The language does not adequately
        address the fact that various claims and rights under the
        leases must survive confirmation of the Plan for the
        continuing obligations that exist under the leases.  The
        Debtors (or successor) assume the leases subject to their
        terms, and must assume all obligations owing under the
        leases, including obligations that have accrued but may
        not yet have been billed under each lease and indemnity
        obligations under the leases.

A copy of the Objection is available at:

           http://bankrupt.com/misc/vaeb17-32986-408.pdf

The Landlords are represented by:

     Augustus C. Epps, Jr., Esq.
     Michael D. Mueller, Esq.
     Jennifer M. McLemore, Esq.
     CHRISTIAN & BARTON, LLP
     909 East Main Street, Suite 1200
     Richmond, Virginia 23219-3095
     Tel: (804) 697-4100
     Fax: (804) 697-6112

          -- and --

     Dustin P. Branch, Esq.
     BALLARD SPAHR LLP
     2029 Century Park East, Suite 800
     Los Angeles, CA 90067-3012
     Tel: (424) 204-43 54
     Fax: (424) 204-4350
     E-mail: branchd@ballardspahr.com

          -- and --

     DAvid L. Pollack, Esq.
     BALLARD SPAHAR LLP
     51st Fl - Mellon Bank Center
     1735 Market Street
     Philadelphia, Pennsylvania 19103
     Tel: (215) 864-8325
     Fax: (215) 864-9473
     E-mail: pollack@ballardspahr.com

                  About The Gymboree Corp.

The Gymboree Corporation is a children's apparel retailer in North
America, with 1,291 retail stores as of Jan. 28, 2017 operating
under three brands: Gymboree; Janie & Jack (a higher-end offering
launched in 2002); and Crazy 8 (a value-oriented line launched in
2007).  The Company operates online stores at
http://www.gymboree.com/, http://www.janieandjack.com/and      
http://www.crazy8.com/     

In October 2010, Gymboree was acquired by Bain Capital Private
Equity, LP and certain of its affiliated investment funds or
investment vehicles managed or advised by it -- Sponsor -- for
approximately $1.8 billion.

The Gymboree Corp. and seven affiliates each filed a Chapter 11
voluntary petition (Bankr. E.D. Va. Lead Case No. 17-32986) on
June 11, 2017.  James A. Mesterharm, chief restructuring officer,
Signed the petitions.  The cases are pending before the Honorable
Keith L. Phillips.

Gymboree had $755.5 million in assets and $1.36 billion in total
liabilities as of March 14, 2017.

Kirkland & Ellis LLP, is the Debtors' bankruptcy counsel.  Kutak
Rock LLP is the Debtors' local bankruptcy counsel.  Munger, Tolles
& Olson LLP is the Debtors' special counsel.  Lazard Freres & Co.
LLC is the investment banker.  AlixPartners, LLP is the
restructuring advisor.  Prime Clerk LLC is the claims agent.

Counsel to the Term Loan Agent and the DIP Term Loan Agent are
Milbank, Tweed, Hadley & McCloy LLP; and McGuireWoods LLP.
Rothschild & Co. also serves as advisor to the Term Loan Agent.

Bain Capital Partners is represented by Weil Gotshal & Manges LLP.

Counsel to the DIP ABL Administrative Agent are Morgan, Lewis &
Bockius LLP; and Hunton & Williams LLP.

Counsel to the DIP ABL Term Agent are Choate, Hall & Stewart LLP;
and Whiteford Taylor Preston, LLP.

The indenture trustee for the Debtors' senior unsecured notes is
Deutsche Bank Trust Company Americas.

Counsel to the ad hoc group of senior unsecured noteholders is
Akin Gump Strauss Hauer & Feld LLP.

Judy A. Robbins, U.S. Trustee for Region 4, on June 22, 2017,
appointed seven creditors to serve on the official committee of
unsecured creditors in the Chapter 11 case of Gymboree Corp.


GYMBOREE CORP: Legacy Place, et al., Block Disclosures Approval
---------------------------------------------------------------
Legacy Place Properties LLC, et al., filed a limited objection to
the disclosure statement filed by The Gymboree Corporation and its
debtor affiliates referring to the Debtors' plan of
reorganization.

As reported by the Troubled Company Reporter on June 27, 2017, the
Debtors filed with the Court a disclosure statement with respect to
their joint Chapter 11 plan of reorganization, dated June 16, 2017,
which provides for the reorganization of the Debtors as a going
concern and will significantly reduce long-term debt and annual
interest payments and preserve the Debtors' existing liquidity,
resulting in a stronger, delivered balance sheet. Specifically, the
Plan contemplates a restructuring of the Debtors through a
debt-for-equity conversion.

The Landlords include: Legacy Place Properties LLC, Market Street
Retail South LLC, W/S/M Hingham Properties LLC, BP PruCenter
Acquisition LLC, Warwick Mall L.L.C., and OWRF Carmel, LLC.  The
Landlords and certain of the above-captioned debtors and debtors in
possession are parties to unexpired leases of nonresidential real
property for these store locations:

     a. Legacy Place Properties LLC
        Legacy Place
        Dedham, Massachusetts

        Stores: Gymboree & Crazy 8

     b. Market Street Retail South LLC
        MarketStreet Lynnfield
        Lynnfield, Massachusetts

        Store: Gymboree

     c. W/S/M Hingham Properties LLC
        Derby Street Shoppes
        Hingham, Massachusetts

        Stores: Gymboree

     d. BP PruCenter Acquisition LLC
        Prudential Center
        Boston, Massachusetts

        Stores: Janie and Jack

     e. Warwick Mall L.L.C.
        Warwick Mall
        Warwick, Rhode Island

        Stores: Gymboree

     f. OWRF Carmel, LLC
        Carmel, California

        Stores: Janie and Jack

Each of the Leases is a lease of real property located within a
shopping center.

The Landlords do not oppose the Debtors' reorganization under
Chapter 11 of the Bankruptcy Code; however, there are a few
provisions of the Plan and the timeline leading up to confirmation
of the Plan that violate the provisions of the U.S. Bankruptcy Code
and are unduly prejudicial and burdensome to the Landlords.
Although the objectionable provisions are actually set forth in the
Plan, their impact will be felt by the Landlords prior to
confirmation.  These infirmities must be corrected now in
connection with the Disclosure Statement and prior to the
scheduling of a confirmation hearing on the Plan.

According to the Landlords, the Plan violates the provisions of 11
U.S.C. Section 365(d)(4) and is not confirmable.  To be confirmed,
the Plan must be feasible and must not violate any of the
provisions of the Code.  This includes, without limitation, the
provisions of Section 365(d)(4) of the Code, which prov1des, in
relevant part, as follows: an unexpired lease of nonresidential
real property under which the debtor is the E lessee shall be
deemed rejected, and the debtor-in-possession will immediately
surrender that nonresidential real property to the lessor, if the
debtor-in-possession  does not assume or reject the unexpired lease
by the earlier of (i) the l date that is 120 days after the date of
the order for relief; or (ii) the date of the entry of an order
confirming a plan.

By order dated July 11, 2017, the Court extended the 120-day period
set forth in Section 365(d)(4)(A) to the earlier of Jan. 8, 2018,
or the date of entry of an order confirming a plan.  Accordingly,
assuming that plan confirmation will predate Jan. 8, 2018 (which is
the expectation of the Debtors, based on the confirmation timeline
proposed in the Disclosure Statement) both the Code and the Court
require that unexpired leases be assumed or rejected by the time of
any confirmation of the Plan.

Notwithstanding the requirements of Section 365(d)(4) of the Code,
as well as the Court's order, the Plan provides that all unexpired
leases will be assumed or rejected by the date on which a confirmed
Plan becomes effective, which will be some time after the date on
which the Plan is actually confirmed.  While the Disclosure
Statement itself is silent on the treatment of unexpired leases,
the Plan provides more detail.  Article V.C. of the Plan purports
to entitle the Debtors, after confirmation of the Plan, to
redesignate as a rejected lease an unexpired lease that was
previously designated for assumption in the event that the amount
required to cure arrearages under such lease is determined by the
Court to be higher than the number proposed by the Debtors in their
plan supplement.

Because the Effective Date will post-date the date on which the
Plan is confirmed, the Plan violates the provisions of section
365(d)(4) of the Code and the Court's extension order.  As a
result, the Plan is not now confirmable under Section 1129(a)(1) of
the Code.  Therefore, the Court should order the Debtors to revise
the Plan to provide for the assumption/rejection of all unexpired
leases on or before the date on which the Plan is confirmed.
Landlords understand that the effective date of any lease
assumptions and rejections may not be until the Effective Date of
the Plan (subject, of course, to the statutory deadline of Jan. 8,
2018).  However, the Debtors should not be given the right now to
change their elections after confirmation.  The uncertainty
associated with the Debtors' right to assume or reject leases under
Section 365 of the Code must end at confirmation as contemplated by
the express language of the statute and the Court's prior extension
order.

The Landlords complain that the cure claim procedures proposed in
the Plan unduly prejudice landlords.  The procedures for cure claim
objections proposed in the Plan are unnecessarily prejudicial to
Landlords and should be modified.  Article V.C. of the Plan
provides that the Debtors will file, at least 10 days prior to the
date set for the confirmation hearing, notices setting forth the
amount that the Debtors believe is required to be paid to cure all
monetary defaults under each unexpired lease to be assumed under
the Plan.  The Plan also requires that any objections to Proposed
Cure Amounts be filed at least seven days prior to the confirmation
hearing date.  This means that landlords may have as few as three
days (possibly only a single business day, if the deadline to file
Cure Notices is on a Friday and notices are filed on that date) to
review Proposed Cure Amounts and draft and file any necessary
objections thereto.

Washington Prime Group Inc., as managing agent for the owner of the
properties, and Carlyle-Cypress Tuscaloosa I, LLC, each filed
joinders to the limited objection of various landlords to the
Disclosure Statement.

The Debtors and the WPG Landlords are parties to certain unexpired
leases.  Specifically, as of the Petition Date, the Debtors leased
retail space at 48 locations.  All of the Leased Premises are
located in shopping centers.  On July 17, 2017, certain landlords
filed the Objection to the Debtors' request for court approval of
their Disclosure Statement.

WPG joins in, and incorporates by reference, the Objection, solely
with respect to the arguments regarding the Debtors' proposed cure
claim procedures, and adopts the arguments as its own.  WPG submits
that the Disclosure Statement should be amended to address the
concerns raised in the Landlords' Objection.  WPG reserves any and
all rights to supplement and amend the Joinder and expressly
reserve the right to raise any additional objections with respect
to Disclosure Statement and the Plan.

Copies of the Objections are available at:

          http://bankrupt.com/misc/vaeb17-32986-405.pdf
          http://bankrupt.com/misc/vaeb17-32986-406.pdf
          http://bankrupt.com/misc/vaeb17-32986-410.pdf

The Landlords are represented by:

     Augustus C. Epps, Jr., Esq.
     Michael D. Mueller, Esq.
     Jennifer M. McLemore, Esq.
     CHRISTIAN & BARTON, LLP
     909 East Main Street, Suite 1200
     Richmond, Virginia 23219-3095
     Tel: (804) 697-4100
     Fax: (804) 697-6112
     E-mail: jmclemore@cblaw.com

          -- and --

     Douglas B. Rosner, Esq.
     Vanessa P. Moody, Esq.
     GOULSTON & STORRS PC
     400 Atlantic Avenue
     Boston, Massachusetts 02110
     Tel: (617) 482-1776
     Fax: (617) 574-4112

Washington Prime is represented by:

     Augustus C. Epps, Jr., Esq.
     CHRISTIAN & BARTON, LLP
     909 East Main Street, Suite 1200
     Richmond, Virginia 23219
     Tel: (804) 697-4100
     Fax: (804) 697-61 12
     E-mail: aepps@cblaw.com

          -- and --

     Ronald E. Gold, Esq.
     FROST BROWN TODD LLC
     3300 Great American Tower
     301 East Fourth Street
     Cincinnati, Ohio 45202
     Tel: (513) 651 -6800
     Fax: (513) 651-6981
     E-mail: rgold@fbtlaw.com

Carlyle-Cypress Tuscaloosa is represented by:

     Augustus C. Epps, Jr., Esq.
     Michael D. Mueller, Esq.
     Jennifer M. McLemore, Esq.
     CHRISTIAN & BARTON, LLP
     909 East Main Street, Suite 1200
     Richmond, Virginia 23219-3095
     Tel: (804) 697-4100
     Fax: (804) 697-6112
     E-mail: jmclemore@cblaw.com

          -- and --

     Ryan D. Thompson, Esq.     
     MAYNARD, COOPER & GALE, P.C.
     1901 6th Avenue North, Suite 2400
     Birmingham, Alabama 35203
     Tel: (205) 254-1000
     Fax: (205) 251-1999
     E-mail: rthompson@maynardcooper.com

                  About The Gymboree Corp.

The Gymboree Corporation is a children's apparel retailer in North
America, with 1,291 retail stores as of Jan. 28, 2017 operating
under three brands: Gymboree; Janie & Jack (a higher-end offering
launched in 2002); and Crazy 8 (a value-oriented line launched in
2007).  The Company operates online stores at
http://www.gymboree.com/, http://www.janieandjack.com/and      
http://www.crazy8.com/     

In October 2010, Gymboree was acquired by Bain Capital Private
Equity, LP and certain of its affiliated investment funds or
investment vehicles managed or advised by it -- Sponsor -- for
approximately $1.8 billion.

The Gymboree Corp. and seven affiliates each filed a Chapter 11
voluntary petition (Bankr. E.D. Va. Lead Case No. 17-32986) on
June 11, 2017.  James A. Mesterharm, chief restructuring officer,
Signed the petitions.  The cases are pending before the Honorable
Keith L. Phillips.

Gymboree had $755.5 million in assets and $1.36 billion in total
liabilities as of March 14, 2017.

Kirkland & Ellis LLP, is the Debtors' bankruptcy counsel.  Kutak
Rock LLP is the Debtors' local bankruptcy counsel.  Munger, Tolles
& Olson LLP is the Debtors' special counsel.  Lazard Freres & Co.
LLC is the investment banker.  AlixPartners, LLP is the
restructuring advisor.  Prime Clerk LLC is the claims agent.

Counsel to the Term Loan Agent and the DIP Term Loan Agent are
Milbank, Tweed, Hadley & McCloy LLP; and McGuireWoods LLP.
Rothschild & Co. also serves as advisor to the Term Loan Agent.

Bain Capital Partners is represented by Weil Gotshal & Manges LLP.

Counsel to the DIP ABL Administrative Agent are Morgan, Lewis &
Bockius LLP; and Hunton & Williams LLP.

Counsel to the DIP ABL Term Agent are Choate, Hall & Stewart LLP;
and Whiteford Taylor Preston, LLP.

The indenture trustee for the Debtors' senior unsecured notes is
Deutsche Bank Trust Company Americas.

Counsel to the ad hoc group of senior unsecured noteholders is
Akin Gump Strauss Hauer & Feld LLP.

Judy A. Robbins, U.S. Trustee for Region 4, on June 22, 2017,
appointed seven creditors to serve on the official committee of
unsecured creditors in the Chapter 11 case of Gymboree Corp.


GYMBOREE CORP: Plan Confirmation Hearing Set for September 7
------------------------------------------------------------
The Hon. Keith L. Phillips of the U.S. Bankruptcy Court for the
Eastern District of Virginia will hold a hearing on Sept. 7, 2017,
at 11:00 a.m. (prevailing Eastern Time), at 701 East Broad Street,
Courtroom 5100, Richmond, Virginia, to confirm the first amended
joint Chapter 11 plan of reorganization of The Gymboree Corporation
and its debtor-affiliates.

Objections to the Debtors' amended joint Chapter 11 plan, if any,
must be filed no later than 5:00 p.m. (prevailing Eastern Time) on
Aug. 25, 2017.

The Debtors' First Amended Disclosure Statement explaining their
First Amended Chapter 11 Plan provides that the Official Committee
of Unsecured Creditors, which was formed after the filing of the
original Disclosure Statement and the Plan, is currently
investigating the Debtors' history and financial affairs, including
identifying and evaluating potential estate causes of action and
other unencumbered assets, as well as evaluating the feasibility of
the Plan and the financial viability of the Reorganized Debtors
after emergence from chapter 11.

Consequently, the Committee currently takes no position on the Plan
and reserves all rights with respect to the Plan, including
objecting on any grounds and continuing its investigation of these
potential causes of action.

The Committee asserts that it has identified certain unencumbered
assets of the Debtors, including (i) proceeds of avoidance actions;
(ii) interests in leases; (iii) commercial tort claims; (iv)
unencumbered interests in the Debtors’ foreign subsidiaries; and
(v) potential claims against insiders, such as the Sponsor and
former directors and officers, relating to:

   * dividend proceeds distributed while the Debtors were insolvent
in order to repurchase stock from certain officers and directors;

   * dividends paid prepetition to the Debtors' indirect parent,
Giraffe Holding, Inc., whose shareholders are investment funds
sponsored by the Sponsor;

   * significant payments made by Gymboree in September of 2013 and
in 2016 for privately negotiated repurchases of certain Unsecured
Notes;

   * a transaction fee, management fees and expense reimbursements
paid to the Sponsor at and/or after the Acquisition;

   * significant expenses paid to Sponsor related parties;

   * payments by the Debtors to certain directors and officers
under an equity incentive program that related to two related
foreign entities owned by the Sponsor in which the Debtors did not
have an ownership interest;

   * payments made by the Debtors on behalf of the Sponsor's
related foreign franchisee business for which the Debtors allegedly
did not receive reasonably equivalent value;

   * the termination of the Debtors' franchise agreements with
Sponsor's related foreign franchisee businesses;

   * the Play & Music Transaction and whether it favored the
Sponsor's sale of its related foreign franchisee businesses to the
detriment of the Debtors; and

   * other claims against the Sponsor allegedly concerning excess
fees, payments to Sponsor related parties, and inflated expense
reimbursements.

The Debtors, including the Special Committee, reserve their rights
with respect to the foregoing and make no admission with respect to
the factual bases for the foregoing assertions and the merits of
any alleged claims arising therefrom, including the
characterizations above (and whether or not any transaction was
"significant").

If Class 5 votes to accept the Plan, then Holders of General
Unsecured Claims will receive their Pro Rata share of $500,000; or
if Class 5 votes to reject the Plan.

Preserving Gymboree's tax attributes, including approximately $18.3
million of state net operating losses as of January 31, 2017,
expected additional federal and state NOLs in the current year, tax
basis in assets and certain other attributes, is critical to any
restructuring and was a component of the discussions with the
Consenting Term Loan Lenders.  In particular, there is an estimated
$500 million built-in loss in the stock of The Gymboree
Corporation, which the Debtors plan to utilize, along with the
NOLs, to offset gains expected to be triggered by the
restructuring.  So long as this built-in loss is available, the
Debtors will be able to implement the Restructuring as a sale of
subsidiary stock and/or assets to creditors which will preserve and
potentially increase available tax basis in assets.  This structure
is expected to save the Reorganized Debtors between $55 and $65
million in cash taxes over the next five years.  Critically,
pursuant to the Restructuring Support Agreement, the Sponsor, in
its capacity as primary holder of the existing equity and owner of
the non-Debtor parent of the Debtors' consolidated group for income
tax purposes, has agreed to: (i) cooperate in structuring and
reporting the restructuring transaction in a way that allows the
Debtors to use these tax attributes, including by structuring and
reporting the transaction as a taxable sale; (ii) not take any
action that would jeopardize such attributes, either be
reallocating them away from the debtors or by triggering an
ownership change that might limit their usefulness; and (iii)
forego any claims for compensation for the use of such attributes.

As a result, the Debtors, the Consenting Term Loan Lenders, and the
Sponsor are able to ensure that the valuable tax attributes are
preserved and can be utilized by Gymboree.

A full-text copy of the First Amended Disclosure Statement dated
July 24, 2017, is available at:

        http://bankrupt.com/misc/vaeb17-32986-449.pdf

                    About The Gymboree Corp.

The Gymboree Corporation is a children's apparel retailer in North
America, with 1,291 retail stores as of Jan. 28, 2017 operating
under three brands: Gymboree; Janie & Jack (a higher-end offering
launched in 2002); and Crazy 8 (a value-oriented line launched in
2007).  The Company operates online stores at
http://www.gymboree.com/, http://www.janieandjack.com/and
http://www.crazy8.com/

In October 2010, Gymboree was acquired by Bain Capital Private
Equity, LP and certain of its affiliated investment funds or
investment vehicles managed or advised by it -- Sponsor -- for
approximately $1.8 billion.

The Gymboree Corp. and seven affiliates each filed a Chapter 11
voluntary petition (Bankr. E.D. Va. Lead Case No. 17-32986) on June
11, 2017.  James A. Mesterharm, the Debtors' chief restructuring
officer, signed the petitions.  The cases are pending before the
Honorable Keith L. Phillips.

Gymboree had $755.5 million in assets and $1.36 billion in total
liabilities as of March 14, 2017.

Kirkland & Ellis LLP, is the Debtors' bankruptcy counsel.  Kutak
Rock LLP is the Debtors' local bankruptcy counsel.  Munger, Tolles
& Olson LLP is the Debtors' special counsel.  Lazard Freres & Co.
LLC is the investment banker.  AlixPartners, LLP is the
restructuring advisor.  Prime Clerk LLC is the claims agent.

Counsel to the Term Loan Agent and the DIP Term Loan Agent are
Milbank, Tweed, Hadley & McCloy LLP; and McGuireWoods LLP.
Rothschild & Co. also serves as advisor to the Term Loan Agent.

Bain Capital Partners is represented by Weil Gotshal & Manges LLP.

Counsel to the DIP ABL Administrative Agent are Morgan, Lewis &
Bockius LLP; and Hunton & Williams LLP.

Counsel to the DIP ABL Term Agent are Choate, Hall & Stewart LLP;
and Whiteford Taylor Preston, LLP.

The indenture trustee for the Debtors' senior unsecured notes is
Deutsche Bank Trust Company Americas.

Counsel to the ad hoc group of senior unsecured noteholders is Akin
Gump Strauss Hauer & Feld LLP.

On June 16, 2017, the Debtors filed a joint Chapter 11 plan of
reorganization and disclosure statement.

On June 22, 2017, the U.S. Trustee for Region 4 appointed an
official committee of unsecured creditors.  The committee hired
Hahn & Hessen LLP as its bankruptcy counsel.


GYMBOREE CORP: Taubman Landlords Oppose Approval of Plan Outline
----------------------------------------------------------------
A group which calls itself the Taubman landords has filed a joinder
to the objection of ARC SWWMGPA001, LLC to the disclosure
statement, which explains the Chapter 11 plan of reorganization
proposed by The Gymboree Corporation.

In their objection filed on July 17, ARC and several other
landlords argued, among other things, that the disclosure statement
does not contain "adequate information," and it seeks to improperly
extend the time to assume or reject leases.

The ARC group also criticized the injunction provisions of the
plan, describing them as "overbroad and ambiguous."

The Taubman landords are represented by:

     Augustus C. Epps, Jr., Esq.
     Michael D. Mueller, Esq.
     Jennifer M. McLemore, Esq.
     Christian & Barton LLP
     909 East Main Street, Suite 1200
     Richmond, VA 23219-3095
     Tel: (804) 697-4100
     Fax: (804) 697-6112

         -- and --

     Andrew S. Conway, Esq.
     The Taubman Company Inc.
     200 East Long Lake Road, Suite 300
     Bloomfield Hills, MI 48304
     Tel: (248) 258-7427

The ARC group is represented by:

     Dustin P. Branch, Esq.
     Ballard Spahr LLP
     2029 Century Park East, Suite 800
     Los Angeles, CA 90067-2909
     Direct: 424.204.4354
     Fax: 424.204.4350
     Email: branchd@ballardspahr.com

          - and -

     David L. Pollack, Esq.
     Ballard Spahr LLP
     1735 Market Street, 51st Floor
     Philadelphia, PA 19103-7599
     Tel: 215.864.8325
     Fax: 215.864.9473
     Email: pollack@ballardspahr.com

                    About The Gymboree Corp.

The Gymboree Corporation is a children's apparel retailer in North
America, with 1,291 retail stores as of Jan. 28, 2017 operating
under three brands: Gymboree; Janie & Jack (a higher-end offering
launched in 2002); and Crazy 8 (a value-oriented line launched in
2007).  The Company operates online stores at
http://www.gymboree.com/, http://www.janieandjack.com/and    
http://www.crazy8.com/       

In October 2010, Gymboree was acquired by Bain Capital Private
Equity, LP and certain of its affiliated investment funds or
investment vehicles managed or advised by it -- Sponsor -- for
approximately $1.8 billion.

The Gymboree Corp. and seven affiliates each filed a Chapter 11
voluntary petition (Bankr. E.D. Va. Lead Case No. 17-32986) on June
11, 2017.  James A. Mesterharm, the Debtors' chief restructuring
officer, signed the petitions.  The cases are pending before the
Honorable Keith L. Phillips.

Gymboree had $755.5 million in assets and $1.36 billion in total
liabilities as of March 14, 2017.

Kirkland & Ellis LLP is the Debtors' bankruptcy counsel.  Kutak
Rock LLP is the Debtors' local bankruptcy counsel.  Munger, Tolles
& Olson LLP is the Debtors' special counsel.  Lazard Freres & Co.
LLC is the investment banker.  AlixPartners, LLP is the
restructuring advisor.  Prime Clerk LLC is the claims agent.

Counsel to the Term Loan Agent and the DIP Term Loan Agent are
Milbank, Tweed, Hadley & McCloy LLP; and McGuireWoods LLP.
Rothschild & Co. also serves as advisor to the Term Loan Agent.

Bain Capital Partners is represented by Weil Gotshal & Manges LLP.

Counsel to the DIP ABL Administrative Agent are Morgan, Lewis &
Bockius LLP; and Hunton & Williams LLP.

Counsel to the DIP ABL Term Agent are Choate, Hall & Stewart LLP;
and Whiteford Taylor Preston, LLP.

The indenture trustee for the Debtors' senior unsecured notes is
Deutsche Bank Trust Company Americas.

Counsel to the ad hoc group of senior unsecured noteholders is Akin
Gump Strauss Hauer & Feld LLP.

On June 16, 2017, the Debtors filed a joint Chapter 11 plan of
reorganization and disclosure statement.

On June 22, 2017, the U.S. Trustee for Region 4 appointed an
official committee of unsecured creditors.  The committee hired
Hahn & Hessen LLP as its bankruptcy counsel.


HAMPSHIRE GROUP: Wants Plan Exclusivity Extended to Sept. 20
------------------------------------------------------------
Hampshire Group, Limited, and its affiliated debtors ask the U.S.
Bankruptcy Court for the District of Delaware to extend the
exclusive periods during which only the Debtors may file a chapter
11 plan of liquidation and solicit acceptances thereof, through and
including Sept. 20, 2017 and Nov. 20, 2017, respectively.

The Debtors mention that the Court entered its Third Extension
Order extending the Debtors' exclusive period in which to file and
to solicit and obtain acceptances of a chapter 11 plan through and
including July 21, 2017 and Sept. 20, 2017, respectively.

The Debtors relate that shortly after entry of the Third Extension
Order, the Debtors and the Official Committee of Unsecured
Creditors jointly filed their Proposed Plan, Proposed Disclosure
Statement, and the Solicitation Motion on July 19, 2017.

As set forth in the Solicitation Motion, the Debtors mention that a
hearing on the Solicitation Motion has been scheduled for August
17, 2017 at 10:30 a.m., and the Debtors and the Committee have
jointly requested that the Court, among other things, schedule the
hearing on confirmation of the Proposed Plan and final approval of
the Proposed Disclosure Statement for Sept. 13, 2017 at 1:00 p.m.

The Debtors believe that the proposed timetable set forth in the
Solicitation Motion is fair and reasonable to all parties in
interest which represents the best option to bring these cases to a
consensual resolution in an expeditious and orderly manner.  While
the Debtors believe the Plan can, and should, be confirmed on the
proposed timetable set forth in the Solicitation Motion, out of an
abundance of caution, the Debtors are seeking an extension of their
exclusivity periods in order to preserve the status quo in these
cases through one week after the requested date of the hearing on
confirmation of the Proposed Plan and final approval of the
Proposed Disclosure Statement.

A hearing on the Debtors' Motion will be held on Aug. 17, 2017 at
10:30 a.m.  Objections are due by August 4.

                      About Hampshire Group

New York-based Hampshire Group, Limited (OTC Markets: HAMP) is a
provider of fashion apparel across a broad range of product
categories, channels of distribution and price points. As a holding
company, the Company operates through its wholly-owned
subsidiaries, Hampshire Brands, Inc. and Hampshire International,
LLC.

Hampshire Group, Limited and two affiliates -- Hampshire Brands and
Hampshire International -- sought Chapter 11 bankruptcy protection
(Bankr. D. Del. Case Nos. 16-12634 to 16-12636) on Nov. 23, 2016,
to facilitate the orderly wind-down of their business operations.

The petitions were signed by Paul Buxbaum, president and chief
executive officer.

Hampshire Group disclosed $25.9 million in assets and $41.8 million
in liabilities.  Brands estimated under $50 million in assets and
debt.  International estimated under $50,000 in assets and under
$50 million in liabilities.

Louis M. Rappaport, Esq., at Blank Rome LLP, is the Debtors'
counsel.  William Drozdowski of GRL Capital Advisors LLC has been
tapped as the Debtors' chief financial officer.

The U.S. Trustee for Region 3 has appointed five creditors to serve
in the official unsecured creditors committee in the case.
Pachulski Stang Ziehl & Jones LLP serves as legal counsel and
Gavin/Solmonese LLC as financial advisor to the Committee.

                          *     *     *

The Bankruptcy Court authorized Hampshire Group, Limited, to sell
certain assets to The Fashion Exchange, LLC pursuant to an asset
purchase agreement dated Jan. 13, 2017.  The sold assets include
James Campbell assets. The consideration for the Inventory on Hand
will be an amount equal to $10.95 multiplied by the number of items
of Inventory on Hand as of the Closing Date.  The consideration for
all other Acquired Assets will be $0.14 million.  Klestadt Winters
Jureller Southard & Stevens, LLP, served as legal advisor to the
buyer.


IMMUCOR INC: Cancels Registration of 11.125% Senior Notes
---------------------------------------------------------
Immucor, Inc., filed a Form 15 with the Securities and Exchange
Commission notifying the termination of registration of its 11.125%
senior notes due 2019 under Section 12(g) of the Securities
Exchange Act of 1934.  As of July 25, 2017, there were no holders
of the Senior Notes.  The Company is no longer obliged to file
reports with the SEC with respect to the Senior Notes as a result
of the Form 15 filing.

                        About Immucor

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

Immucor reported a net loss of $43.8 million on $380 million of net
sales for the year ended May 31, 2016, compared to a net loss of
$60.7 million on $389 million of net sales for the year ended May
31, 2015.  

As of Feb. 28, 2017, Immucor had $1.66 billion in total assets,
$1.35 billion in total liabilities and $310.42 million in total
equity.

                           *    *    *

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

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


INTERNATIONAL GAME: S&P Rates New EUR1.5BB Term Loan 'BB+'
----------------------------------------------------------
S&P Global Ratings assigned its 'BB+' issue-level rating to
International Game Technology Plc's (IGT) new EUR1.5 billion term
loan due 2023. The recovery rating is '3', reflecting S&P's
expectation for meaningful recovery (50% to 70%; rounded estimate
65%) for lenders in a payment default.

All other ratings, including S&P's 'BB+' corporate credit rating,
are unchanged.

The company plans to use proceeds from the new term loan to repay
its existing EUR800 million term loan due 2019 and to repay, at
maturity, its EUR500 million 6.625% notes due February 2018. S&P
plans to withdraw its issue-level and recovery ratings on these
pieces of debt once they are fully repaid.

At the same time, IGT amended its existing revolving credit
facility to reduce the U.S. dollar tranche to $1.2 billion, from
$1.8 billion, and the euro tranche to EUR725 million, from EUR1.05
billion, and to amend certain financial and nonfinancial covenants.
S&P said, "Under our base-case forecast, we expect IGT will
maintain adequate liquidity, notwithstanding the lower revolver
commitments, and we expect the company will maintain at least a 15%
cushion relative to the covenants through 2018."

RECOVERY ANALYSIS

Key analytical factors

S&P's simulated default scenario contemplates a default in 2022,
reflecting a meaningful decline in the installed base of the
company's gaming machines driven by a significant loss in market
share, a loss of major lottery management contracts, and/or a
severe and sustained economic decline resulting in a material drop
in gaming machine yield and purchases of new machines.

IGT's capital structure consists of $1.2 billion and EUR725 million
in total revolving credit commitments, a EUR1.5 billion term loan,
and several secured notes tranches, issued at IGT. In addition,
there are also three tranches of notes issued at IGT's subsidiary,
International Game Technology. All of the debt shares the same
guarantors, and the notes issued at International Game Technology
are also guaranteed by IGT. In addition, the collateral for the
debt is a pledge of stock in International Game Technology and in
Lottomatica Holding S.ar.l., a subsidiary of IGT, and any
intercompany loans in excess of $10 million. S&P said, "Although
the notes issued by International Game Technology only benefit from
its, and its subsidiaries, stock and intercompany notes, we do not
view this limitation in the collateral relative to the rest of the
capital structure as material enough to warrant a distinction in
recovery prospects between the International Game Technology notes
and the remaining debt at IGT. We therefore assume recovery
prospects are aligned for all debt in the capital structure.

"Compared to our prior analysis, we are assuming a modestly lower
level of emergence EBITDA since there is a lower level of debt
assumed at default, and therefore our starting default proxy, fixed
charges, would be lower. Assumed debt at default is now around $1.3
billion lower as compared to our prior analysis, which is due
largely to lower aggregate revolver commitments, and since the new
term loan amortizes, and will be used to refinance existing notes.
We assume the revolving credit facility is 85% drawn, in total, at
default."

Simplified waterfall Emergence

-- EBITDA: $960 million
-- EBITDA multiple: 6.5x
-- Gross recovery value: $6.2 billion
-- Net recovery value after administrative expenses (5%): $5.9
billion
-- Value available for secured debt: $5.9 billion
-- Secured debt: $8.6 billion
-- Recovery expectation: 50% to 70% (rounded estimate: 65%)

All debt amounts include six months of prepetition interest.


ISO DOC: Bankr. Trustee Taps Verdolino & Lowey as Accountant
------------------------------------------------------------
The Chapter 11 trustee for ISO Doc Inc. seeks approval from the
U.S. Bankruptcy Court for the District of Massachusetts to hire an
accountant.

Mark DeGiacomo, the court-appointed trustee, proposes to hire
Verdolino & Lowey P.C. to, among other things, advise him regarding
the tax implications of asset recovery; prepare the Debtor's tax
returns; and evaluate proofs of claim.

The hourly rates charged by the firm are:

     Principals             $455
     Managers        $245 - $395
     Staff           $215 - $375
     Bookkeepers     $185 - $225
     Clerical:               $90

Craig Jalbert, a principal of Verdolino & Lowey, disclosed in a
court filing that he and other members of his firm are
"disinterested persons" as defined in section 101(14) of the
Bankruptcy Code.

The firm can be reached through:

     Craig R. Jalbert
     Verdolino & Lowey P.C.
     124 Washington Street, Suite 101
     Foxboro, MA 02035
     Phone: 508-543-1720
     Fax: 508-543-4114

                          About Iso Doc

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

Iso Doc sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. D. Mass. Case No. 17-11882) on May 19, 2017. Stefani
Kavner, president, signed the petition.  At the time of the filing,
the Debtor estimated its assets and debts at $1 million to $10
million.

Judge Melvin S. Hoffman presides over the case.  The Debtor is
represented by Ronald W. Dunbar, Jr., Esq., at Dunbar Law PC.  

Mark DeGiacomo has been appointed the Chapter 11 trustee.  Murtha
Cullina LLP serves as counsel to Mr. DeGiacomo.


JAMES CHATMAN: Sale of Lynwood Property for $1.3M Approved
----------------------------------------------------------
Judge Vincent P. Zurzolo of the U.S. Bankruptcy Court for the
Central District of California authorized James H. Chatman's sale
of real property located at 3366 E. Imperial Hwy., Lynwood,
California, APN 6173-001-005 and 6173-001-004, to GreenField
Investments, LLC for $1,300,000.

A hearing on the Motion was held on July 18, 2017 at 11:00 a.m.

The sale is free and clear of any and all Liens or Encumbrances and
other interests of any kind.  All such Liens or Encumbrances and
other interests of any kind will attach to the proceeds of the sale
in the order of their priority, with the same validity, force and
effect which they had against the Property immediately before the
entry of the Order.  The Debtor is authorized and required to pay
directly through escrow the amount necessary.

The Debtor is authorized and required to pay directly through
escrow the commissions to the Real Estate Brokers as expressly
provided in the Sale Agreement, Commercial and Residential Income
Listing Agreement, and Granite Escrow & Settlement Services
Instructions to Pay Commission dated on May 4, 2017.

The Order will be effective and enforceable immediately upon entry.
The Debtor and the Purchasers are specifically authorized to close
on the dates set forth in the Sale Agreement or as may be otherwise
agreed by the parties.  

The Order will not be subject to the 14-day stay provided in
Federal Rule of Bankruptcy Procedure 6004(g) and will become
effective immediately upon entry pursuant to Rule 7062 and 9014 of
the Federal Rules of Bankruptcy Procedure.

The Order is a final, appealable order.

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


JANE STREET: Moody's Gives Ba3 Issuer Rating & 1st Lien Loan Rating
-------------------------------------------------------------------
Moody's Investors Service assigned Ba3 issuer and senior secured
first lien term loan ratings to Jane Street Group, LLC (Jane
Street), with stable outlook. Moody's said Jane Street expects to
borrow $600 million or more, and will use the net proceeds to
refinance in full its existing $300 million notes and for general
corporate purposes.

Moody's has taken the following rating actions:

-- Issuer rating, Ba3, assigned

-- Senior secured first lien term loan, Ba3, assigned

Outlook Actions:

-- Outlook, stable, assigned

RATINGS RATIONALE

Moody's said Jane Street's Ba3 ratings reflect its strongly
profitable track record and the prominence of its deliberative risk
management culture, with strong and sustained oversight from a
highly-engaged ownership and leadership team, and healthy levels of
maintained capital. Jane Street has derived long-standing benefits
from its highly selective employee recruiting and development
process, as well as continued investment in its IT infrastructure,
which combined have been crucial factors in its ongoing success,
Moody's said.

Moody's said there is an inherently high level of operational and
market risk in Jane Street's relatively narrow market making
activities, that could result in severe losses and a deterioration
in liquidity and funding in the event of a risk management failure.
Jane Street is also reliant on prime brokerage relationships to
ensure the appropriate functioning of its business activities. In
the longer-term, said Moody's, Jane Street's continued strong
growth and development could propagate the need for management to
make necessary changes to its risk and control environment, that
could prove challenging to implement, and could make it more
difficult for the company to retain its strong partnership-like
culture.

The stable outlook on Jane Street's ratings is based on Moody's
assessment that Jane Street will continue to generate strong
profits and cash flows, and that its leaders will continue to place
a high emphasis on maintaining an effective risk management and
controls framework.

FACTORS THAT COULD LEAD TO AN UPGRADE

-- Improved quality and diversity of profitability and cash flows

    from development of lower-risk business activities

-- Reduced reliance on key prime brokerage relationships

FACTORS THAT COULD LEAD TO A DOWNGRADE

-- Increased risk appetite or significant failure in risk
    management and controls

-- Adverse changes in corporate culture or management quality

-- Reduced profitability from changes in market or regulatory
    environment

-- Significant reduction in retained capital

Moody's said Jane Street was founded in 2000 and is a global
liquidity provider and market maker specializing in ETFs and other
products. Headquartered in New York City, Jane Street has main
offices in the US, UK and Hong Kong and trades in over 40 countries
on more than 200 electronic exchanges.

The principal methodology used in these ratings was Securities
Industry Market Makers published in February 2017.


JD POWER: Fitch Assigns First-Time 'B' LT Issuer Default Rating
---------------------------------------------------------------
Fitch Ratings has assigned a first-time Long-Term Issuer Default
Rating (LT IDR) of 'B' to J.D. Power (JDP), a 'BB/RR1' to the
company's first lien credit facilities and a 'BB-/RR2' to the
second lien credit facilities. Fitch also assigned a first-time
Long-Term IDR of 'B' to JDP's holding company, Jefferson Holdco
Inc. (US Holdco). The Rating Outlook is Stable.

The rating is driven by JDP's proposed $180 million issuance of
debt including a $140 million incremental first lien term loan and
a $40 million incremental second lien term loan to fund the tuck-in
acquisition of Nectar and a $100 million dividend distribution to
private equity sponsor XIO Group.

The ratings reflect the company's strong brand as a trusted
provider of consumer intelligence, particularly in the automotive
sector, its diverse and long-tenured customer base, and high
proportion of subscription-based revenues which provide significant
visibility and stability to free cash flow (FCF) generation. Fitch
also views positively the company's proprietary data sets, which
are highly embedded into its customer's workflows and difficult to
replicate. The ratings also incorporate expectations for improving
EBITDA margins over the rating case as JDP continues to realize
cost savings following its carve-out from S&P Global, Inc. and
benefit from continued growth in revenues and the high degree of
operating leverage that its business model affords.

Fitch views JDP's planned tuck-in acquisition of Nectar as in-line
with its strategy to increase penetration with its clients in the
Data and Analytics segment and enter the consumer market. Nectar is
an online consumer business that publishes auto pricing and offers
information and tools to consumers. JDP has a longstanding
relationship with Nectar, which currently pays JDP 10% of its
revenues ($2 million annually).

Fitch views negatively the sponsor's willingness to use a
debt-funded dividend to take equity out of the business so soon
after its initial investment (XIO Group acquired JDP in September
2016). JDP's pro forma leverage of roughly 6.7x for the LTM period
ending March 31, 2017 (incorporating Nectar's EBITDA and assuming
50% of planned cost savings) is high relative to peers in the data
analytics sector. Given JDP's high pro forma leverage and smaller
scale, Fitch believes that the company's credit profile is more
reflective of the 'B' rating category.

The company is amending and extending its credit facilities with
the incremental issuance. JDP will remain the primary borrower
under the credit facilities and US Holdco will be added as a
co-borrower. The first lien and second lien credit facilities are
unconditionally guaranteed by each of the company's subsidiaries
and US Holdco.

KEY RATING DRIVERS

Brand Recognition: The JDP brand is recognized by 86% of U.S.
consumers and is considered the 'Gold Standard' in the auto
industry. JDP has a decades-long track record of providing
well-known and trusted independent assessments of products to
consumers through its surveys.

Diverse Customer Base: JDP has established relationships with over
130 Fortune Global 500 companies, all of the leading global OEMs
and over 50 Fortune Global 500 financial institutions and insurance
companies. JDP also benefits from low customer concentration with
its largest customer accounting for 8% of its revenues. The company
has maintained strong and long-tenured relationships with retention
of 10 years or more for roughly 75% of its customer base.

Critical, Industry Embedded Data Sets: Fitch believes that JDP's
data sets are critical to its customer's workflow and are difficult
to replicate. Its products are highly embedded in the decision
making processes with multiple customer touch points across the
value chain.

High Recurring Revenue Base: Subscription-based revenues accounted
for roughly 83% of JDP's pro forma LTM revenues and provide
significant visibility and stability to FCF generation. The company
also has limited working capital and capital expenditure
requirements, which results in strong FCF conversion metrics.

Diversification through International Growth and Expansion to Other
Industries: JDP has expanded its international presence, and
roughly 33% of LTM March 31, 2017 revenues were generated outside
of the U.S., up from 11% of revenues in 2007. Additionally, JDP has
leveraged its strong brand by expanding into other service
industries including financial institutions and telecom, providing
improved diversification to its revenue base.

Cyclical End Markets and End Market Concentration: JDP is heavily
reliant on the health of the auto industry with approximately 75%
of its revenues stemming from auto related companies including the
OEMs, dealers, and auto suppliers. During the last recessionary
period, JDP experienced a 10% decline in revenues and Adjusted
EBITDA margin contracted to 10% from 12%, as the company was unable
to reduce costs to completely offset top-line pressures. In the
event of an economic decline and/or auto sales decline, JDP could
face reduced revenues as its traditional client base has less of a
budget for its service offerings, for example advisory/consulting
engagements.

Private Equity Overhang: JDP is increasing leverage in part to fund
a $100 million equity distribution to its sponsor XIO Group. While
there are no plans for follow-on dividend distributions to the
sponsor, Fitch remains concerned that the company could pursue
additional distributions as it reduces leverage.

DERIVATION SUMMARY

J.D. Power's business model most closely aligns with that of a Data
Analytics company. Characteristics of the peer group include a
large proportion of revenues stemming from recurring subscriptions,
critical industry data sets that are not easily replicable and are
embedded into the workflow of customers, stable EBITDA margins and
meaningful positive FCF generation. Companies in the peer set may
also have cyclical end markets or end market concentration (e.g.
JDP has a concentration to the auto industry, IHS Markit to the Oil
and Gas sectors, Verisk to the Property and Casualty
Insurance-related businesses, Moody's Investors Service/S&P
Global/Dun and Bradstreet to the Financial Services sector).

J.D. Power, with pro forma leverage of roughly 6.7x, is operating
at the high-end of the peer group. The company also lacks scale as
compared to much larger peers and has significant end-market
concentration to the auto industry (approximately 75% of revenues
reliant on the automotive industry). As such, Fitch believes that
J.D. Power's credit profile is more reflective of the 'B' rating
category.

KEY ASSUMPTIONS

Fitch's key assumptions within the rating case for the issuer
include:

-- Fitch assumes low single digit organic revenue growth
    supported by continued low-single digit growth in Data and
    Analytics, flat to low single digit growth in the Automotive
    Segment and low-single digit growth in the Service Industries
    segment.

-- Adjusted EBITDA margins will improve to the high 20% to low
    30% range driven by the cost saving initiatives and continued
    scalability of the business model.

-- Fitch estimates average annual FCF generation of roughly $50
    million over the rating case

-- JDP issues $180 million in incremental debt to fund the Nectar

    acquisition and dividend distribution to sponsor XIO Group.
    Fitch assumes no additional distributions to sponsor over the
    rating case.

-- JDP will use excess free cash flow to repay debt. JDP's gross
    leverage will decline from 6.7x in FY 2017 to 4.6x in FY 2020.

-- The recovery analysis assumes that JDP would be considered a
    going-concern in bankruptcy and that the company would be
    reorganized rather than liquidated. Fitch has assumed a 10%
    administrative claim.

-- JDP's going concern EBITDA is based on LTM March 2017 EBITDA
    and includes pro forma adjustments for the Nectar acquisition
    and 50% of outlined cost savings. The going-concern EBITDA is
    10% below LTM EBITDA to reflect the industry's move from top
    of the cycle conditions to mid-cycle conditions and is similar

    to the rate of decline experienced during the last recession.

-- Fitch assumes a fully drawn revolver in its recovery analysis
    since credit revolvers are tapped as companies are under
    distress. Fitch assumes a full draw on JDP's $32.5 million
    revolver which was fully available.

-- An EV multiple of 8x is used to calculate a post-
    reorganization valuation, above the 5.5x median TMT emergence
    enterprise value (EV)/forward EBITDA multiple, and reflects a
    mid-cycle multiple. The estimate considered Fitch's more
    positive view of the data analytics subsector including the
    typically high proportion of recurring revenues, sizeable and
    stable EBITDA margins and strong FCF conversion. Recent
    acquisitions in the data and analytics subsector have occurred

    at attractive multiples. Acquisitions and dispositions in the
    data and analytics subsector ranged from 10x-13x (JDP
    purchased by XIO Group for 13x in 2016, JDP purchased NADA UCG

    for $165.8 million in July 2015 for a 10x multiple, pre-
    acquisition UCG EBITDA was $16.9 million, In March 2016, IHS
    announced its acquisition of Markit for $6.2 billion
    representing a 12x multiple of Markit's FY 2015 EBITDA).
    Current EV multiples of public companies similar to JDP trade
    at the 10.0-17.0x range.

RATING SENSITIVITIES

Future Developments That May, Individually or Collectively, Lead to
Positive Rating Action

-- Fitch does not anticipate any near-term positive rating
    actions given JDP's high leverage following the planned debt-
    funded acquisition and dividend recap

-- Strong organic revenue growth and EBITDA expansion owing to
    execution of cost savings plans result in gross leverage being

    maintained below 6.0x.

Future Developments That May, Individually or Collectively, Lead to
Negative Rating Action

-- Adverse operating performance and/or failure to achieve
    planned cost savings that increases gross leverage above 7.5x
    for a sustained period.

-- Weakening of JDP's operating profile characterized by weak
    organic revenue growth and lack of margin expansion owing to
    sector headwinds, continued weakness in the Chinese geographic

    region, and inability to expand penetration of products and
    analytics.

LIQUIDITY

Fitch believes that JDP had adequate liquidity supported roughly
$13 million in balance sheet cash as of March 31, 2017 (excluding
$7 million held outside of the U.S.), a $32.5 million revolver and
estimated average annual FCF generation of roughly $50 million. JDP
benefits from low capital expenditure requirements, which have less
than 1% of revenues and the resulting strong FCF conversion
metrics. Fitch believes the company will have enough internally
generated cash over the ratings case to cover the modest
amortization payments (1% of the amended first lien term loan per
year) through 2021. The company's next sizable maturity comes in
September 2023 when the first lien term loan comes due.

FULL LIST OF RATING ACTIONS

Fitch has assigned the following first-time ratings:

Jefferson Holdco (US Holdco)

-- Long-Term IDR 'B'.

J.D. Power and Associates

-- Long-Term IDR 'B';
-- First-Lien Senior Secured Credit Facilities 'BB/RR1';
-- Second-Lien Senior Secured Credit Facilities 'BB-/RR2'.

The Rating Outlook is Stable.


JEWELRY BY JENNIFER: Court Denies Approval of Plan Outline
----------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Texas has
denied approval of Jewelry by Jennifer LLC's disclosure statement
dated April 25, 2017, referring to the Debtor and Jennifer Brownlee
Keating's joint plan of reorganization.

Mrs. Keating passed away after the Disclosure Statement was filed.
For that reason, the original hearing on final approval of the
Disclosure Statement and confirmation of the Plan was continued at
the request of counsel for the Business Debtor and Mrs. Keating.  

The Business Debtor decided to go forward with the confirmation
process, but did not file a new or amended disclosure statement.
As a result, the Disclosure Statement before the Court contains a
substantial amount of erroneous information concerning Mrs.
Keating's financial situation, and fails to disclose Mrs. Keating's
death or to update the financial projections, which are based, in
part, on Mrs. Keating's earnings.  Likewise, the Plan before the
Court is still a joint plan that includes Mrs. Keating and provides
treatment for the creditors of both debtors.  It was only at the
hearing on the Plan and Disclosure Statement that counsel informed
the Court that they were no longer seeking confirmation of the Plan
with respect to Mrs. Keating.

The Disclosure Statement indicates that Mrs. Keating owns and will
operate the Business Debtor after confirmation. That is obviously
impossible.  It also contains an inconsistent liquidation analysis,
indicating that the assets are worth $50,000, but that on
liquidation unsecured creditors would receive nothing.

At best, the Disclosure Statement as filed, without amendments and
clarifications and without a change in the projections, is
confusing.  It does not contain adequate information as required
under U.S. Bankruptcy Code Section 1125.  Accordingly, the
Disclosure Statement cannot be approved at this time.  A proper
disclosure statement for the Business Debtor would be limited to
Jewelry by Jennifer and would provide full and complete information
about the revised operational plans and financial projections for
Jewelry by Jennifer.

As reported by the Troubled Company Reporter on May 10, 2017, the
Debtor filed the Disclosure Statement referring to the Joint Plan,
which proposes that unsecured creditors receive a monthly payment
of $300 over five years.

                    About Jewelry by Jennifer

Jewelry by Jennifer, LLC, operates a jewelry retail store and
website at a rented space located at 4152 Cole Ave., Dallas, Texas.
Jennifer Keating owns 100% of Jennifer by Jewelry.

Jewelry by Jennifer filed a Chapter 11 bankruptcy petition (Bankr.
N.D. Tex. Case No. 16-34238) on Oct. 31, 2016, disclosing assets
and liabilities of less than $500,000.  The petition was signed by
Ms. Keating.  

On Jan. 31, 2017, Ms. Keating sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. N.D. Tex. Case No. 17-30353).  The
cases are jointly administered under Case No. 16-34238.

Jewelry by Jennifer is represented by Joyce W. Lindauer Attorney,
PLLC.


JOSEPH ANTONAKOS: Tragnis Buying Staten Island Property for $400K
-----------------------------------------------------------------
Judge Elizabeth S. Stong of the U.S. Bankruptcy Court for the
Eastern District of New York will convene a hearing on Aug. 16,
2017 at 9:30 a.m. to consider Joseph Antonakos' motion to conduct a
private sale of his vacant land located at 29 Finlay Road, Staten
Island, New York, to Carmine and Daniela Tragni for $400,000.

The objection deadline is Aug. 9, 2017.

The Debtor is a 70-year old individual with brain cancer.  In 2010,
he became a passive investor in True Comm by making a loan to True
Comm in the sum of $1 million in exchange for a 30% stock interest
in the company.  On April 30, 2013, True Comm obtained an
SBA-backed loan form SunTrust in the principal amount of
$5,288,000.  The Debtor executed guarantees for $1,000,000 and
$4,288,000 respectively, and signed mortgages against his four
properties, located at (i) 591 Huguenot Avenue, Staten Island, New
York; (ii) 97-04 101st Avenue, Ozone Park, New York; (iii) 65
Wieland Avenue, Staten Island, New York (the Debtor's residence);
and (iv) the Finlay Property.

True Comm subsequently defaulted on the loan, and SunTrust began
suit against the Debtor to enforce the guarantees and foreclose on
his real property.  The bankruptcy followed on June 30, 2016,
automatically staying both actions.  Neither case has progressed
beyond the initial stages, and there are no judgments or collateral
estoppel issues precluding the Debtor from asserting defenses to
SunTrust's claim.

March 1, 2017 was previously fixed as the bar date for filing
claims.  It appears that the Debtor owes approximately $240,000 in
unsecured debt, in addition to the Wells Fargo mortgage against his
residence, and SunTrust's liens.  There are no taxes due to the IRS
or New York State.  Although no proof of claim was filed, there
appear to be real estate taxes owed on some of the properties to
the City of New York.

The Debtor now seeks to develop a plan that will hopefully permit
him to retain two of his properties, his residence at 65 Wieland
Avenue, Staten Island, New York, and the property at 97-04 101st
Avenue, Ozone Park, New York where his company, Anton Adjustments,
Inc. ("AAI"), maintains its business office.  The Debtor
anticipates that these two properties will be refinanced, and the
remaining two properties (the Finlay Property and 591 Huguenot
Avenue is a one family home in which the Debtor’s nephew and his
family reside) will be sold to fund a plan.

To that end, the Debtor solicited offers for the Finlay Property,
and has now executed the Agreement of Purchase and Sale to sell the
Finlay Property to the Proposed Purchasers for a sale price of
$400,000, subject to the approval of this Court.  A deposit of
$40,000 has been tendered and is being held in escrow by counsel to
the Debtor.  Hee proposes to sell the Finlay Property on "as is,
where is, and with all faults" basis, free and clear of all liens
and encumbrances, including the liens asserted by SunTrust and any
outstanding real estate taxes, with the same to attach to the
proceeds of the sale.

The Contract is not subject to financing.  There is an existing
restriction on the deed which bars the construction of a two family
house on the premises.  As the Proposed Purchasers intend to build
a two family house, they require that this restriction be removed,
and it is a condition of the closing that the Debtor delivers a
deed to the Property without the restriction.  The Debtor has
already commenced the removal process, and is advised that the
process should be completed in seven to ten days.

Because the Proposed Purchasers are seeking to purchase the Finlay
Property as part of a Section 1031 tax exchange, they must close
the sale no later than Aug. 18, 2017.  The hearing on the Motion
has been scheduled for Aug. 16, 2017 to meet that deadline.  The
Debtor is confident that the restriction will be removed well prior
to the hearing, and that there will be no impediment to a timely
closing.

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

      http://bankrupt.com/misc/Joseph_Antonakos_87_Sales.pdf

The Debtor proposes to pay a portion of the net proceeds of the
sale to SunTrust on account of its claim, in an amount to be
negotiated prior to the closing, and to hold the balance of the
funds in reserve until confirmation of a plan, with any residual
lien held by SunTrust against the Finlay Property attaching to the
net proceeds.

The Debtor has kept counsel for SunTrust and the United States
Trustee fully informed of the proposed sale as the process has
unfolded, and believes that SunTrust will not oppose the sale.  The
Debtor scheduled the value of the Finlay Property at $403,000, and
does not believe that he is likely to obtain a higher or better
offer through a marketing program.  Accordingly, the Debtor asks
the Court to approve the relief sought.

The Purchasers:

          Daniela M. Tragni and Carmine Tragni
          324 Stobe Avenue
          Staten Island, NY 10306

The Purchasers are represented by:

          Christine Corrado, Esq.
          120 Royal Oak Road
          Staten Island, NY 10314

Counsel for the Debtor:

          J. Ted Donovan, Esq.
          GOLDBERG WEPRIN FINKEL GOLDSTEIN LLP
          1501 Broadway - 22nd Floor
          New York, NY 10036
          Telephone: (212) 221-5700

The Escrow Agent can be reached at:

          Kevin J. Nash, Esq.
          GOLDBERG WEPRIN FINKEL GOLDSTEIN LLP
          1501 Broadway - 22nd Floor
          New York, NY 10036

Joseph Antonakos sought Chapter 11 protection (Bankr. E.D.N.Y. Case
No. 16-42935) on June 30, 2016.


KAISER GYPSUM: Taps Anderson Kill as Special Insurance Counsel
--------------------------------------------------------------
Lawrence Fitzpatrick, as representative for future claimants of
Kaiser Gypsum Company, Inc., seeks bankruptcy court permission to
hire Anderson Kill P.C. as his special counsel.

In his application filed with the U.S. Bankruptcy Court for the
Western District of North Carolina, Mr. Fitzpatrick proposes to
hire the firm to provide these services:

     (a) analyze the insurance coverage potentially available to
         the Debtors;

     (b) advise the representative regarding matters of the
         Debtors' insurance coverage available for payment of
         asbestos-related claims, including gaps in coverage,
         solvency of insurance companies, overlapping coverage
         provided by multiple insurance companies and availability

         of excess insurance coverage;

     (c) attend meetings and negotiate with representatives of the
         Debtors, their non-bankrupt affiliates, their insurance
         companies, and other parties related to the preservation
         of insurance coverage;

     (d) review, analyze, and advise the representative on
         potential settlements between the Debtors and insurance
         companies; and

     (e) assist the representative with any insurance-related
         matters arising in connection with the formulation of a
         plan of Reorganization, channel injunction and fund any
         trust for the payment of asbestos claims established
         under a plan.

Anderson Kill's standard hourly rates range from $550 to $995 for
shareholders, $235 to $535 for associates, and $155 to $330 for
paralegals.  

The professionals who will be providing the services and their
hourly rates are:

    Robert M. Horkovich, Managing Partner             $995
    Mark Garbowski, Shareholder                       $735
    Mark Silverschotz, Of Counsel                     $735
    Glenn Fields, Insurance Policy Analyst            $405
    Izak Feldgreber, Insurance Policy Analyst         $355
    Harris Gershman, Insurance Policy Analyst         $330

Robert Horkovich, Esq., managing shareholder of Anderson Kill,
disclosed in a court filing that neither the firm nor any of its
professionals has interest in or connection with the Debtors and
their creditors.

The firm can be reached through:

     Robert M. Horkovich, Esq
     Anderson Kill PC
     1251 Avenue of the Americas
     New York, NY 10020
     Tel: +1 212 278 1322
     Fax: +1 212 278 1733
     Email: rhorkovich@andersonkill.com

                       About Kaiser Gypsum

Kaiser Gypsum Company, Inc., and affiliate Hanson Permanente
Cement, Inc. sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. W.D.N.C. Case Nos. 16-31602 and 16-10414) on Sept. 30,
2016.  The petitions were signed by Charles E. McChesney, II,
vice-president and secretary.

The companies are represented by Rayburn Cooper & Durham P.A. and
Jones Day.  Cook Law Firm, P.C. and K&L Gates LLP serve as special
insurance counsel; NERA Economic Consulting as consultant; Miller
Nash Graham & Dunn LLP as special environmental and insurance
counsel; and PricewaterhouseCoopers LLP as financial advisors.

At the time of the bankruptcy filing, Kaiser and Hanson estimated
their assets and liabilities at $100 million to $500 million.

Kaiser's principal business consisted of manufacturing and
marketing gypsum plaster, gypsum lath and gypsum wallboard. The
company has no current business operations other than managing its
legacy asbestos-related and environmental liabilities. The company
has no material tangible assets.

HPCI's primary business was the manufacture and sale of Portland
cement products. It is a wholly-owned, indirect subsidiary of
non-debtor Lehigh Hanson, Inc.

HPCI is the direct parent of Kaiser Gypsum as well as non-debtor
Hanson Micronesia Cement, Inc. and non-debtor Hanson Permanente
Cement of Guam, Inc., the operating subsidiaries. Non-debtor
Permanente Cement Company, which has no assets or operations, is
also a wholly-owned subsidiary of HPCI.

The Office of the U.S. Trustee appointed three creditors to serve
on the official committee of unsecured creditors in the Chapter 11
case of Kaiser Gypsum Company, Inc. The Committee hired Blank Rome
LLP as counsel, and Moon Wright & Houston, PLLC.

An Official Committee of Asbestos Personal Injury Claimants
retained Caplin & Drysdale, Chartered, as its counsel.

Lawrence Fitzpatrick, the Future Claimants' Representative, tapped
Ankura Consulting Group, LLC as his claims evaluation consultant;
Young Conaway Stargatt & Taylor, LLP as attorney; and Hull &
Chandler, P.A. as local counsel.


KRISHNA ASSOCIATES: SBA Asks Court to Reject Disclosure Statement
-----------------------------------------------------------------
The U.S. Small Business Administration filed with the U.S.
Bankruptcy Court for the Eastern District of Texas an objection to
Krishna Associates, LLC's disclosure statement, dated June 16,
2017.

The SBA complains that the disclosure does not adequately describe
the Debtor's assets or the value of those assets. Particularly the
Disclosure fails to accurately describe the possible claims against
third parties such as Dineshchandra Patel and Dr. Hiren Patel.

The disclosure statement also fails to provide an adequate
liquidation analysis regarding the potential avoidance actions and
does not even mention the possible avoidance actions of transfers
provided in the June 29, 2016 deposition. Further, the analysis
attached to the Disclosure includes no information by which
creditors in the particular classes may evaluate the impact of a
Chapter 7 case on their respective claims. It also fails to
describe the effect of liquidation on the creditors' recourse
against the individuals, Hiren and Dinesh.

In addition, the disclosure fails to provide a valid means to
effectuate the preference actions against Hiren and Dinesh. The
Disclosure indicates that Hiren would be the one to bring the
avoidance actions. But one of the recipients of the preference may
be Hiren himself so there would be a conflict of interest. SBA
objects to having Hiren, Dinesh, or any close relation of Hiren and
Dinesh as the Plan Administrator. This in itself should be
considered lack of good faith by the Debtor.

Premises considered, the SBA requests that approval of the
Disclosure Statement be denied and that the Court grant it such
other and further relief as may be required at law or in equity.

The Troubled Company Reporter previously reported that the Plan, as
proposed, will pay allowed administrative, priority and unsecured
claims from the proceeds of the liquidation of remaining assets,
including carve out funds. Any potential recovery of Chapter 5
Claims will be used to pay allowed unsecured claims on a pro rata
basis. Interests of current equity holders will be terminated. The
Debtor believes that the alternative of liquidating under Chapter 7
of the Bankruptcy Code would result in dramatically reduced
returns.

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

     http://bankrupt.com/misc/txeb15-50148-163.pdf

Attorney for the U.S. Small Business Administration:

    Andrew F. Baka
    Special Assistant U.S. Attorney
    Texas Bar No. 01562700
    U.S. Small Business Administration
    4300 Amon Carter Blvd., Suite I I4
    Fort Worth, Texas 76155
    817.684.5509
    817.684.5516 (FAX)
    andrew.baka@sba.gov

                   About Krishna Associates

Headquartered in Texarkana, Texas, Krishna Associates, LLC, owns
Country Inn and Suites and an adjacent vacant lot in Texarkana,
Texas.  The Company is owned and managed by Texarkana doctor Hiren
Patel.  Krishna Associates sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. E.D. Tex. Case No. 15-50148) on Nov.
3,
2015.  The petition was signed by Hiren Patel, president.  At the
time of the filing, the Debtor estimated assets and debt at $1
million to $10 million.


LAPS ENTERPRISES: Disclosures Hearing to Continue on August 30
--------------------------------------------------------------
Judge Erik P. Kimball of the U.S. Bankruptcy Court for the Southern
District of Florida issued an order continuing the hearing on the
disclosure statement filed by LAPS Enterprises USA, LLC.

The hearing on the Disclosure Statement shall be continued to 2:00
p.m. on August 30, 2017, at the U.S. Bankruptcy Court, The Flagler
Waterview Building, 1515 North Flagler Drive, Room 801, Courtroom
B, West Palm Beach, Florida 33401.

Not later than August 23, 2017, the Debtor shall file an amended
disclosure statement and serve said amended disclosure statement on
all appropriate parties.

The Troubled Company Reporter previously reported that under the
plan, Class 3 general unsecured creditors will be paid $830 upon
the sale of the property to the extent they are not yet paid in
full from the refinancing provided by Top Dog Consulting LLC.

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

                    https://is.gd/wbsBmt

               About LAPS Enterprises USA

LAPS Enterprises USA, LLC filed a voluntary petition under Chapter
11 of the Bankruptcy Code (Bankr. S.D. Fla. Case No. 16-26152) on
December 5, 2016.  At the time of the filing, the Debtor estimated
assets and liabilities of less than $1 million.

The Debtor is represented by David L. Merrill, Esq., at Merrill
PA.

No official committee of unsecured creditors has been appointed in
the Debtor's case.


LAREDO PETROLEUM: Egan-Jones Hikes Commercial Paper Rating to 'B'
-----------------------------------------------------------------
Egan-Jones Ratings Company, on June 15, 2017, raised the commercial
paper issued by Laredo Petroleum Inc. to 'B' from 'C'.

Laredo Petroleum, Inc. is an independent energy company focused on
the exploration, development and acquisition of oil and natural
gas. The company is based in Tulsa, Oklahoma.



LBJ HEALTHCARE: Care Given at Villa Luren Within Standards, PCO Say
-------------------------------------------------------------------
Constance Doyle, patient care ombudsman for LBJ Healthcare Partners
Inc., filed a seventh interim report for the period of May 1, 2017,
through June 30, 2017, finding that all care provided to the
residents/clients by the Debtor at the Villa Luren Resident Home is
within the standard of care.

A full-text copy of the Seventh Interim PCO Report dated July 3,
2017, is available at:

         http://bankrupt.com/misc/cacb16-15197-224.pdf

                   About LBJ Healthcare Partners

Headquartered in Whittier, Calif., LBJ Healthcare Partners Inc.,
formerly doing business as Bayshore Villa Healthcare Partners,
Inc., filed for Chapter 11 bankruptcy protection (Bankr. C.D. Cal.
Case No. 16-15197) on April 21, 2016, disclosing $49,370 in assets
and $1.27 million in liabilities.  The petition was signed by Brian
Buenviaje, president and CEO.

Judge Vincent P. Zurzolo presides over the case.

Robert M. Aronson, Esq., at the Law Office of Robert M. Aronson,
serves as the Debtor's bankruptcy counsel.

Constance Doyle was appointed patient care ombudsman for the
Debtor.


LEGAL CREDIT: Hearing on Plan Outline Set for Oct. 4
----------------------------------------------------
The Hon. Brian K. Tester of the U.S. Bankruptcy Court for the
District of Puerto Rico has scheduled for Oct. 4, 2017, at 2:00
p.m. a hearing to consider the adequacy of the disclosure statement
referring to Legal Credit Solutions, Inc.'s plan of
reorganization.

Objections to the form and content of the Disclosure Statement must
be filed not less than 14 days prior to the hearing.

              About Legal Credit Solutions, Inc.

Headquartered in Guaynabo, Puerto Rico, Legal Credit Solutions,
Inc., filed for Chapter 11 bankruptcy protection (Bankr. D. P.R.
Case No. 16-03685) on May 6, 2016, estimating its assets at up to
$50,000 and its liabilities at between $1 million and $10 million.

The petition was signed by Mrs. Yahairie Tapia, president.

Judge Brian K. Tester presides over the case.

Paul James Hammer, Esq., at Estrella, LLC, serves as the Debtor's
bankruptcy counsel.


LIBERTY MUTUAL: Fitch Affirms BB Rating on $700MM Sub. Notes
------------------------------------------------------------
Fitch Ratings has affirmed Liberty Mutual Group Inc.'s (LMG) senior
debt rating at 'BBB-'. Additionally, Fitch has affirmed LMG's
insurance operating subsidiaries' (collectively referred to as
Liberty Mutual) Insurer Financial Strength (IFS) ratings at 'A-'
(Strong).

Fitch has assigned a 'BBB-' rating to the EUR500 million senior
notes maturing in 2024, issued by Liberty Mutual Finance Europe
DAC. The IDR of Ohio Casualty Corporation has been withdrawn as the
company is no longer considered to be relevant to the agency's
coverage.

The Rating Outlook is Positive for all ratings.

KEY RATING DRIVERS

The Positive Outlook is driven by Liberty Mutual's multi-year
improvement in operating performance, which has historically lagged
higher-rated peers. Liberty Mutual has traditionally generated
weaker underwriting results relative to peers, but this
differential has moderately narrowed in recent years. The Positive
Outlook also reflects LMG's strong capitalization and very strong
business profile with established and sustainable positions in its
chosen markets and benefits derived from the company's multiple
distribution channels.

LMG closed on its acquisition of Ironshore Inc. (Ironshore) from
Fosun International Limited in the second quarter of 2017 (2Q17).
The transaction poses near-term execution and integration risks
that are somewhat mitigated by LMG's past acquisition experience.
Ironshore's large market presence in U.S. excess & surplus (E&S)
lines and history of positive underwriting performance will
meaningfully expand LMG's specialty segment. Liberty Mutual
presence in the E&S market is expected to materially increase as
its pro forma market share will increase to sixth, up from 28th,
based on 2016 direct premiums written.

Despite maintaining the Positive Outlook, a ratings upgrade is
unlikely until financial ramifications of the transaction are
revealed through actual combined reported operating performance.
This places the earliest likelihood of an upgrade at early to
mid-2018.

Underwriting results have remained strong with four consecutive
years reporting a calendar-year underwriting profit. LMG reported a
101.5% consolidated GAAP combined ratio for the 1Q17, up from 98.4%
for full-year 2016, driven by increased catastrophe losses and
current accident-year losses, including adverse domestic personal
and commercial auto liability loss trends. LMG also reported
favorable reserve development of $6 million and $38 million in the
1Q17 and full-year 2016, respectively.

Consolidated earnings were strong in 1Q17 despite modest
underwriting deterioration resulting from increased catastrophe
activity, as earnings benefited from net realized gains of $169
million, up from a $39 million realized loss in the prior year
quarter. The company's results also reflect the strong performance
of the company's alternative asset investments in 1Q17, as pre-tax
income from partnerships, limited liability companies and other
equity method investments increased to $162 million, up from $23
million in the 1Q16.

LMG's capital position appears strong but the Ironshore acquisition
adds complexity to the pro forma capital analysis. LMG's ratio of
GAAP net written premium to shareholders equity was higher than
peers at 1.8x at year-end 2016, and essentially flat relative to
the prior year, but will trend up with the addition of Ironshore.
Fitch notes its assessment of pro forma capital adequacy could slip
to an adequate assessment level under several of its capital
measures.

LMG's financial leverage ratio at March 31, 2017 was 29.0%, up from
28.2% at year-end 2016 due to the issuance of EUR500 million of
senior notes during the 1Q17. Fitch's expectation is that financial
leverage will remain between 25%-30%. GAAP fixed charge coverage
was modest at approximately 5x in 2016, relatively unchanged from
full year 2015.

RATING SENSITIVITIES

Key rating sensitivities that could lead to an upgrade include:

-- Maintenance of consolidated underwriting profitability with an

    operating ratio below 91%;
-- Fitch's capitalization assessment remains at a Strong level
    with the inclusion of Ironshore into Fitch's various capital
    measures.
-- Financial leverage ratio sustained below 28%.
-- Continued favorable reserve development and stability in
    reserve position.

Key rating sensitivities that could result in a return to Stable
Outlook include:

-- A return to accident year underwriting losses;
-- Fitch's capitalization assessment deteriorates to Adequate
    with the inclusion of Ironshore into Fitch's various capital
    measures;
-- Material weakening in the company's current reserve position,
    potentially indicated by a unfavorable reserve development
    greater than 5% of prior year equity;
-- Failure to maintain a fixed charge coverage ratio of 5.0x;
-- A large acquisition that unfavorably changes the operating
    profile or is financed in a manner that adds balance sheet
    risk  causing run-rate financial leverage to move to 30%, or
    peak at 35% or higher whether or not the company subsequently
    reduces leverage.

FULL LIST OF RATING ACTIONS

Fitch has affirmed the following ratings:

Liberty Mutual Group, Inc.
-- IDR at 'BBB'; Outlook Positive;
-- $600 million 5.0% notes due 2021 at 'BBB-';
-- $750 million 4.95% notes due 2022 at 'BBB-';
-- $1 billion 4.25% notes due 2023 at 'BBB-';
-- EUR750 million 2.75% notes due 2026 at 'BBB-'
-- $3 million 7.625% notes due 2028 at 'BBB-';
-- $231 million 7% notes due 2034 at 'BBB-';
-- $471 million 6.5% notes due 2035 at 'BBB-';
-- $19 million 7.5% notes due 2036 at 'BBB-';
-- $750 million 6.5% notes due 2042 at 'BBB-';
-- $1,050 million 4.85% notes due 2044 at 'BBB-';
-- $300 million 7% junior subordinated notes due 2067 at 'BB';
-- $700 million 7.8% junior subordinated notes due 2087 at 'BB';
-- $66 million 10.75% junior subordinated notes due 2088 at 'BB'.

Fitch has affirmed the following ratings:

Liberty Mutual Group, Inc.
-- Short-term IDR at 'F2';
-- Commercial paper at 'F2'.

Liberty Mutual Insurance Co.
-- IDR at 'BBB+' Outlook Positive;
-- $140 million 8.5% surplus notes due 2025 at 'BBB';
-- $227 million 7.875% surplus notes due 2026 at 'BBB';
-- $260 million 7.697% surplus notes due 2097 at 'BBB'.

Fitch has affirmed the IFS of the members of Liberty Mutual Second
Amended and Restated Intercompany Reinsurance Agreement at 'A-'
with a Positive Outlook:

-- America First Insurance Company
-- America First Lloyd's Insurance Company
-- American Economy Insurance Company
-- American Fire and Casualty Company
-- American States Insurance Company
-- American States Insurance Company of Texas
-- American States Lloyds Insurance Company
-- American States Preferred Insurance Company
-- Colorado Casualty Ins. Company
-- Consolidated Insurance Company
-- Employers Insurance Company of Wausau
-- Excelsior Insurance Company
-- First National Insurance Company of America
-- General Insurance Company of America
-- Golden Eagle Ins. Corporation
-- Hawkeye-Security Insurance Company
-- Indiana Insurance Company
-- Insurance Company of Illinois
-- Liberty County Mutual Insurance Company
-- Liberty Insurance Corporation
-- Liberty Insurance Underwriters Inc.
-- Liberty Lloyds of Texas Insurance Company
-- Liberty Mutual Fire Insurance Company
-- Liberty Mutual Insurance Company
-- Liberty Mutual Mid-Atlantic Insurance Company
-- Liberty Mutual Personal Insurance Company
-- Liberty Northwest Insurance Corporation
-- Liberty Personal Insurance Company
-- Liberty Surplus Insurance Corporation
-- LM General Insurance Company
-- LM Insurance Corporation
-- Mid-American Fire & Casualty Company
-- Montgomery Mutual Insurance Company
-- National Insurance Association
-- North Pacific Insurance Company
-- Ohio Security Insurance Company
-- Oregon Automobile Insurance Company
-- Peerless Indemnity Insurance Company
-- Peerless Insurance Company
-- Safeco Insurance Company of America
-- Safeco Insurance Company of Illinois
-- Safeco Insurance Company of Indiana
-- Safeco Insurance Company of Oregon
-- Safeco Lloyds Insurance Company
-- Safeco National Insurance Company
-- Safeco Surplus Lines Insurance Company
-- The First Liberty Insurance Corporation
-- The Midwestern Indemnity Company
-- The Netherlands Insurance Company
-- The Ohio Casualty Insurance Company
-- Wausau Business Insurance Company
-- Wausau General Insurance Company
-- Wausau Underwriters Insurance Company
-- West American Insurance Company

Fitch has affirmed the IFS of the following companies that
participate in a 100% quota share at 'A-' with a Positive Outlook:

-- LM Property and Casualty Insurance Company

Fitch has assigned the following ratings:

Liberty Mutual Finance Europe DAC:
-- EUR500 million 1.75% notes due 2024 at 'BBB-'.

Fitch has withdrawn the following rating:

Ohio Casualty Corporation
-- IDR at 'BBB'.


LINDLEY FIRE: Seeks to Hire Shulman Hodges as Special Counsel
-------------------------------------------------------------
Lindley Fire Protection Co., Inc. seeks approval from the U.S.
Bankruptcy Court for the Central District of California to hire
Shulman Hodges & Bastian LLP as its special counsel.

The firm will provide legal services to the Debtor in connection
with certain mechanics lien claims and claims asserted by
sub-contractors and suppliers.

The hourly rates charged by the firm range from $300 to $650 for of
counsel, $275 to $575 for other attorneys, and $150 to $250 for
paralegals.

James Bastian, Jr., Esq., a partner at Shulman Hodges, disclosed in
a court filing that his firm is "disinterested" as defined in
section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     James C. Bastian, Jr., Esq.
     Shulman Hodges & Bastian LLP
     100 Spectrum Center Drive, Suite 600
     Irvine, CA 92618
     Tel: (949) 340-3400
     Fax: (949) 340-3000
     Email: jbastian@shbllp.com

                About Lindley Fire Protection Co.

Established in 1986 in Anaheim, California, Lindley Fire Protection
Co., Inc. -- www.lindleyfire.com -- provides fire protection
services and contracts with large industrial warehouses and
facilities.

The Debtor performs construction services worldwide and its
personnel have performed work in various locations such as Western
Somoa, Puerto Rico, Texas, Illinois, Nevada, Colorado, Utah,
Montana, Idaho and Mexico.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. C.D. Calif. Case No. 17-10929) on March 12, 2017.  The
petition was signed by Leslie L. Lindley, II, president.  At the
time of the filing, the Debtor estimated its assets and debts at $1
million to $10 million.

The case is assigned to Judge Catherine E. Bauer.  Goe & Forsythe,
LLP is the Debtor's bankruptcy counsel.

On March 29, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  The committee employed
Marshack Hays LLP as its legal counsel.

Accurate Business Consulting, Inc. serves as financial advisor to
the Debtor and the committee.


LONG-DEI LIU: No Issues Identified in 7th Interim PCO Report
------------------------------------------------------------
Constance Doyle, the patient care ombudsman for Long-Dei Liu, M.D.,
filed a seventh interim report for the period of May 1, 2017,
through June 30, 2017, finding that all care provided to the
patients by the Debtor is well within the standard of care.

A full-text copy of the Seventh Interim PCO report dated July 5,
2017, is available at:

            http://bankrupt.com/misc/cacb16-11588-296.pdf

                       About Long-Dei Liu

Orange, Calif.-based Long-Dei Liu, MD, is a single practitioner who
has practiced obstetrics and gynecology since 1981.  Long-Dei Liu
filed for Chapter 11 bankruptcy protection (Bankr. C.D. Cal. Case
No. 16-11588). Judge Theodor Albert presides over the case.
Constance Doyle was appointed patient care ombudsman for the
Debtor.


LSB INDUSTRIES: Incurs $14.5 Million Net Loss in Second Quarter
---------------------------------------------------------------
LSB Industries, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
attributable to common stockholders of $14.51 million on $112.85
million of net sales for the three months ended June 30, 2017,
compared to net income attributable to common stockholders of $5.05
million on $109.8 million of net sales for the three months ended
June 30, 2016.

For the six months ended June 30, 2017, the Company reported a net
loss attributable to common stockholders of $27.71 million on
$246.2 million of net sales compared to a net loss attributable to
common stockholders of $19.46 million on $208.95 million of net
sales for the same period a year ago.

As of June 30, 2017, LSB Industries had $1.22 billion in total
assets, $597.33 million in total liabilities, $159.6 million in
redeemable preferred stock and $468.7 million in total
stockholders' equity.

"Our second quarter adjusted EBITDA nearly doubled from the same
period of 2016 and also increased relative to the 2017 first
quarter, reflecting the enhancements we've made across our business
over the past 18 months," stated Daniel Greenwell, LSB's president
and CEO.  "Our financial performance benefitted from the
incremental output of our El Dorado ammonia plant, which has been
ramping up since entering service in May of 2016, along with strong
sales volume growth for our high-density ammonium nitrate (HDAN)
resulting from our expanded distribution strategy. Partially
offsetting these positive factors were headwinds caused by
significant weakening in agricultural product pricing that began in
June, as well as some downtime at two of our facilities."

"Our Cherokee facility performed at a 100% on-stream rate during
the period, which represents a best in class operating rate.  We
were, however, disappointed to have had unplanned downtime at Pryor
and El Dorado.  With that said, these downtime events in no way
change our view about the operating performance potential of the
facilities.  Pryor's second quarter ammonia plant on-stream rate
was approximately 78%, impacted by an unplanned outage.  In early
July, the site experienced an electrical outage which shut off
power to the facility and given that Pryor was already down and
considering the low agricultural selling price environment, and
other maintenance that needed to be completed, we elected to pull
forward the turnaround we had previously scheduled for October.  We
successfully completed the turnaround on July 21st for a total
downtime of 17 days, in line with previously issued guidance."

"El Dorado had an on-stream rate of approximately 87% at its
ammonia plant in the second quarter.  Although the plant continues
to run at approximately 1,350 tons per day, which is above its
nameplate capacity of 1,150 tons per day, we were down for 12 days
during the quarter primarily to perform proactive adjustments and
heat exchanger cleaning and repairs to enable the plant to operate
closer to the higher end of its operating envelope on a sustained
basis."

Mr. Greenwell continued, "Demand for our agricultural ammonia
weakened as the second quarter progressed as wet weather in our
primary geographic markets resulted in an early curtailment of the
ammonia pre-plant application season.  This caused an inventory
build-up in North America which led to significant deterioration in
prices.  Additionally, agricultural ammonia pricing was impacted by
an overabundance of product in the market resulting from recent
facility expansions by two of our competitors.  We expect this
excess capacity to be absorbed by early 2018 based on the
distribution and upgrading strategies these competitors have
disclosed.  Turning to our non-agricultural products, while demand
for ammonium nitrate solution (ANS) was soft relative to last year,
demand for low density ammonium nitrate prill showed modest
improvement, a trend we expect to continue through the balance of
the year."

Mr. Greenwell concluded, "The second half of 2017 looks more
challenging than we anticipated earlier this year due to the
current ammonia pricing environment, which is lower than pricing
levels seen at this time in 2016.  We do, however, remain highly
confident in our ability to operate all our plants at on-stream
rates of approximately 95% or higher.  Additionally, recent sales
of non-core assets have strengthened our balance sheet and provided
us with greater financial flexibility, which we plan to further
enhance in the coming quarters."

As of June 30, 2017, the Company's total cash position was $67.2
million.  Additionally, the Company had approximately $40.8 million
of borrowing availability under the Company's Working Capital
Revolver.  There were no borrowings under the Working Capital
Revolver at June 30, 2017.

Total long-term debt, including the current portion, was $411.5
million at June 30, 2017, compared to $420.2 million at Dec. 31,
2016.  The aggregate liquidation value of the Series E Redeemable
Preferred at June 30, 2017, inclusive of accrued dividends of $33.3
million, was $173.1 million.

Interest expense, net of capitalized interest, for the second
quarter of 2017 was $9.3 million compared to $6.4 million for the
same period in 2016.  The capitalization of interest related to
capital additions made to the El Dorado Facility ceased when the
Facility's new ammonia plant went into service in May 2016.  For
the full year of 2017, the Company expects interest expense to be
approximately $30 million to $35 million plus approximately $3.0
million of non-cash amortization of discount and debt issuance
costs.

Capital additions were approximately $7.5 million in the second
quarter of 2017.  Planned capital additions for the third quarter
of 2017, are estimated to be approximately $13 million.  For the
full year of 2017, total capital additions which are related to
maintaining and enhancing safety and reliability at the Company's
facilities are expected to be between $30 million and $35 million.


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

                      https://is.gd/ptSfr5

                      About LSB Industries

Oklahoma City-based LSB Industries, Inc. (NYSE:LXU) and its
subsidiaries are involved in manufacturing and marketing
operations.  LSB is primarily engaged in the manufacture and sale
of chemical products and the manufacture and sale of water source
and geothermal heat pumps and air handling products.

LSB reported net income attributable to common stockholders of
$64.76 million for the year ended Dec. 31, 2016, compared to
a net loss attributable to common stockholders of $38.03 million in
2015.  As of March 31, 2017, LSB Industries had $1.26 billion in
total assets, $630.77 million in total liabilities, $152.16 million
in redeemable preferred stocks and $481.55 million in total
stockholders' equity.

                           *    *    *

In October 2016, S&P Global Ratings lowered its rating on LSB
Industries to 'CCC' from 'B-'.  "Despite using the climate control
business sale proceeds to repay some debt, the company's metrics
have weakened due to plant operational issues and a depressed
pricing environment, which have led to depressed EBITDA
expectations," said S&P Global Ratings credit analyst Allison
Schroeder.

In November 2016, Moody's Investors Service downgraded LSB's
corporate family rating (CFR) to 'Caa1' from 'B3', its probability
of default rating to 'Caa1-PD' from 'B3-PD', and the $375 million
guaranteed senior secured notes to 'Caa1' from 'B3'.  LSB's Caa1
CFR rating reflects Moody's expectations that the combined
uncertainty over operational reliability and the compressed
margins, resulting from the low nitrogen fertilizer pricing
environment, could result in continued weak financial metrics for
a protracted period.


MARINA BIOTECH: Acquires DyrctAxess Technology Platform
-------------------------------------------------------
Marina Biotech, Inc., has acquired DyrctAxess Technology Platform
from Symplmed Pharmaceuticals Inc.  DyrctAxess offers enhanced
efficiency, control and information to empower patients, physicians
and manufacturers to help achieve optimal care.  The secure,
web-based, HIPAA-compliant platform provides:

   * Direct fulfillment of physician prescriptions at a fixed cost

     to patients

   * Easy prescription, tracking and refill management via mobile
     applications (iPhone and Android)

   * Real-time monitoring and communications between patients and
     physicians

   * Complete database capture of insurance reimbursement and
     transparency of co-pay and coverage positions

   * Automatic patient reminders and refills

   * Enhanced security with 128 bit SSL

Prestalia will continue to be marketed using DyrctAxess, which
drove strong compliance and patient engagement when developed by
Symplmed.  Prestalia is currently protected by two patents listed
in the U.S. Food and Drug Administration's (FDA) publication
Approved Drug Products with Therapeutic Equivalence Evaluations,
commonly known as the Orange Book.  The two Prestalia patents
(6696481 and 7846961) offer product exclusivity until 2029.

The acquisition of DyrctAxess follows the recent acquisition of
Prestalia and continues Marina's process of building a commercial
organization which can support multiple products.  Erik Emerson,
chief commercial officer of Marina Biotech, stated, "We will be
building our sales and marketing capabilities around DyrctAxess
with an eye toward building a commercial organization focused on
efficiency, meeting patient needs and enhancing our patients'
experience."  Mr. Emerson continued, "We look forward to leveraging
this platform for products developed organically and those we
pursue through licensing efforts."

                       About Prestalia

Prestalia contains perindopril arginine, an ACE inhibitor, and
amlodipine, a dihydropyridine calcium channel blocker, and is
indicated for the treatment of hypertension to lower blood
pressure.  Prestalia may be used in patients whose blood pressure
is not adequately controlled on monotherapy.  Prestalia may be used
as initial therapy in patients likely to need multiple drugs to
achieve blood pressure goals.  Lowering blood pressure reduces the
risk of fatal and nonfatal cardiovascular events, primarily strokes
and myocardial infarctions.  These benefits have been seen in
controlled trials of antihypertensive drugs from a wide variety of
pharmacologic classes, including amlodipine and the ACE inhibitor
class to which perindopril principally belongs.

FDA approval of Prestalia was based on data from the 837-patient
Phase III PATH trial (Perindopril Amlodipine for the Treatment of
Hypertension).  The study demonstrated that the fixed-dose
combination of perindopril arginine with amlodipine besylate in a
single pill was significantly better than either compound alone in
reducing both sitting diastolic and sitting systolic blood pressure
after six weeks of treatment.  It also suggested that the
combination may provide a better benefit/risk ratio than either
treatment alone.

                      About Marina Biotech

Headquartered in Bothell, Washington, Marina Biotech, Inc. --
http://www.marinabio.com/-- is a biotechnology company focused on
the  treatment 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.  The company's 'next-generation of
celecoxib,' including IT-102 and IT-103, are designed to control
the dangerous side-effect of edema that prohibits the drug from
being prescribed at higher doses.  These have the potential of
replacing opioids and combating the opioid epidemic.

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.


MARINA BIOTECH: Signs Binding LOI for DiLA Delivery Platform Sale
-----------------------------------------------------------------
Marina Biotech, Inc., has entered into a binding letter of intent
with a biotech company in the gene editing space for the sale of
Marina's DiLA delivery platform.

Under the terms of the letter of intent, Marina will receive $1.5
million, with $300,000 due upon the closing of the transaction and
the balance of $1.2 million due upon either a successful
fundraising by the buyer above a certain minimum dollar amount or
the 1-year anniversary of the closing of the transaction, whichever
comes first.  The deadline for closing is Aug. 30, 2017. Marina
will retain an exclusive, fully paid and royalty free license to
DiLA2 outside of the field of gene editing, as well as the rights
to license DiLA2 outside of gene editing.

"This proposed transaction is consistent with Marina Biotech's
stated intentions to narrow its focus to pain and hypertension and
to look to monetize its oligotherapeutic assets," stated Joseph W.
Ramelli, CEO of Marina Biotech.  "Upon closing, this deal will
bring in non-dilutive capital to Marina, which would extend our
cash runway and allow us to invest in building out the commercial
infrastructure to support the launch of the recently acquired
Prestalia.  We continue to seek out other opportunities to monetize
our oligotherapeutic assets, be that either through a sale, a spin
off to our shareholders, or by out-licensing of the technology."

                     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.


METRO NEWSPAPER: Seeks to Hire Gertelman as Accountant
------------------------------------------------------
Metro Newspaper Advertising Services, Inc. seeks approval from the
U.S. Bankruptcy Court for the Southern District of New York to hire
an accountant.

The Debtor proposes to hire Paul R. Gertelman, CPA, PC to, among
other things, prepare all required tax filings, and review and
negotiate, if necessary, with taxing authorities regarding its
liabilities.

The hourly rates charged by the firm are:

     Partners              $400
     Staff Accountants     $200
     Paraprofessionals      $75
     Admin Assistant        $75

Paul Gertelman, a certified public accountant, disclosed in a court
filing that his firm does not represent any interest adverse to the
Debtor or its estate.

The firm can be reached through:

     Paul R. Gertelman
     Paul R. Gertelman, CPA, PC
     350 Jericho Turnpike, Suite 1
     Jericho, NY 11753
     Tel: (516) 944-7100
     Fax: (516) 938-0491
     Email: info@prgcpa.com

                      About Metro Newspaper
                    Advertising Services Inc.

Based in Yonkers, New York, Metro Newspaper Advertising Services,
Inc. -- http://www.metrosn.com-- is a comprehensive advertising
resource that specializes in newspapers and all newspaper related
products, both print and digital.

The Debtor filed a Chapter 11 petition (Bankr. S.D.N.Y. Case No.
17-22445) on March 27, 2017. The petition was signed by Phyllis
Cavaliere, chairman & CEO.  In its petition, the Debtor estimated
$1 million to $10 million in assets and $10 million to $50 million
in liabilities.

Judge Robert D. Drain presides over the case.  Jonathan S.
Pasternak, Esq., at DelBello Donnellan Weingarten Wise &
Wiederkehr, LLP, serves as bankruptcy counsel.

On April 11, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  The committee employed
Lowenstein Sandler LLP as its legal counsel.


MICHAEL ROBINSON: Sale of Irving Property Approved
--------------------------------------------------
Judge Stacey G. C. Jernigan of the U.S. Bankruptcy Court for the
Northern District of Texas authorized Michael Daniel Robinson's
sale of real property located at 301 Nottingham Drive, Irving,
Texas.

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

The reasonable and necessary closing costs and outstanding property
taxes will be paid at closing along with the real estate broker's
commission.

The outstanding ad valorem property taxes owed for tax year 2016
and all prior years will be paid to Dallas County at closing with
interest that has accrued from the petition date through the date
of payment at the state statutory rate of 1% per month.

The outstanding ad valorem property taxes for tax year 2016 and all
prior years will be paid to Irving ISD at closing with interest
that has accrued from the petition date through the date of payment
at the state statutory rate of 1% per month.

Notwithstanding anything in the Order to the contrary, the liens
securing payment of the 2017 ad valorem property taxes will remain
attached to the property to secure payment of all ad valorem
property taxes assessed on the property and any penalties and
interest that may accrue thereon, which will become the
responsibility of the purchaser.

The balance of the sale proceeds will be retained in the Debtor's
DIP account pending further order of the Court regarding
distribution of such sale proceeds

There will be no 14-day delay in the effectiveness of the Order.

Michael Daniel Robinson sought Chapter 11 protection (Bankr. N.D.
Tex. Case No. 17-30264) on Jan. 20, 2017.  The Debtor tapped Joyce
W. Lindauer, Esq., at Joyce W. Lindauer Attorney, PLLC as counsel.


MICHAEL STEVEN PROPPER: Court Waives Appointment of Ombudsman
-------------------------------------------------------------
Judge Paul G. Hyman of the U.S. Bankruptcy Court for the Southern
District of Florida granted Michael Steven Propper and Susan Bette
Propper's motion to waive appointment of a patient care ombudsman
pursuant to 11 U.S.C. Section 333, and that the appointment of a
Patient Care Ombudsman to monitor the quality of patient care and
to represent the interests of the patients of the Debtor is not
necessary at this time for the protection of patients.

According to the Debtor's counsel, none of Dr. Propper's debts
arise from malpractice claims, and none of his debts include
obligations to current or former patients.  Dr. Propper carries
malpractice insurance.

While the Debtor does not believe that as an individual he falls
under the definition of a "health care business" as that term is
defined by 11 U.S.C. Section 101(27A), in an abundance of caution
the Debtor sought an order determining that the appointment of a
patient care ombudsman is not necessary in this case.

The Court directed the Debtor to notify the United States Trustee
in the event of any change that would indicate, or give rise to,
the need for a Patient Care Ombudsman, including, without
limitation, any change in operations, any change in the status of
the professional license of the Debtor's practice's employees or
independent contractors, including any disciplinary action or
administrative proceeding against such license; any change in the
status of the professional malpractice insurance of the Debtor's
practice's employees or independent contractors; any change in the
status of any relevant permits issued by any state or regulatory
agency to the Debtor's practice; and any change in the manner
patient records are maintained and safeguarded.  The Debtor must
also notify the United States Trustee of any suits for medical
malpractice or for patient care matters that are filed against the
Debtor or its practice or the practice's employees and independent
contractors.

The Court's Order is without prejudice to the right of any
interested party to move the Court to direct the appointment of a
Patient Care Ombudsman at such time when any circumstance arises
which could involve the interests of the patients of the Debtor and
there may be a basis for the appointment.

Michael Steven Propper and Susan Bette Propper filed a Chapter 11
petition (Bankr. S.D. Fla. Case No. 17-17080) on June 5, 2017, and
is represented by Nadine V. White-Boyd, Esq.

The Debtor is a physician specializing in orthopedic surgery.  Dr.
Propper and his wife filed for Chapter 11 relief as a result of
their mortgage, federal tax obligations, and consumer debts.


MIDOR PROPERTIES: Hires Craig Diehl as Bankruptcy Attorney
----------------------------------------------------------
Midor Properties, LLC has filed an amended application
seeking approval from the U.S. Bankruptcy Court for the Middle
District of Pennsylvania to employ the Law Offices of Craig A.
Diehl as attorney to the Debtor-in-Possession.

The Debtor requires the Firm to:

     a. advise the Debtor-in-Possession with respect to its rights,
powers, duties and obligations as Debtor-in-Possession in the
administration of this case and the management of its property;

     b. prepare pleadings, applications and conduct examinations
incidental to administration;

     c. advise and represent the Debtor in connection with all
applications, motions, or complaints for reclamation, adequate
protection, sequestration, relief from stays, appointment of
trustee or examiner, and all other similar matters;

     d. develop the relationship of the status of
Debtor-in-Possession to the claims of creditors in these
proceedings;

     e. advise and assist the Debtor-in-Possession in the
formulation and presentation of a Plan and Disclosure Statement
pursuant to Chapter 11 of the Bankruptcy Code and concerning any
and all matters relating thereto; and

     f. perform any and all other legal services incident and
necessary herein.

The Firm will be paid at these hourly rates:

     Craig A. Diehl, Esq., CPA                     $250
     Jeremy A. Hanawalt, CPA, legal assistant      $150

The Debtor has provided a retainer the Firm in the amount of
$9,983.00 plus the filing fee of $1,717.00.

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

Craig A. Diehl, Esq., CPA, at Law Offices of Craig A. Diehl,
assured the Court that the firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code and does
not represent any interest adverse to the Debtor and its estates.

The Firm may be reached at:

      Craig A. Diehl, Esq., CPA
      Law Offices of Craig A. Diehl
      3464 Trindle Road
      Camp Hill, PA 17011
      Phone:  717-763-7613

                 About Midor Properties LLC

Midor Properties, LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. M.D. Pa. Case No. 17-02793) on July 6,
2017.  At the time of the filing, the Debtor disclosed that it had
estimated assets and liabilities of less than $100,000.  

Judge Henry W. Van Eck presides over the case.


MIG LLC: Plan Declared Effective on July 21
-------------------------------------------
BankruptcyData.com reported that MIG's Amended Plan of
Reorganization for MIG and ITC Cellular (proposed by MIG's
indenture trustee: Bank of New York Mellon) became effective on
July 21, 2017, and the Company emerged from Chapter 11 protection.
The U.S. Bankruptcy Court confirmed the Plan on December 16, 2016.
The order states, "Pursuant to Article IV.M of the Plan, Natalia
Alexeeva has been appointed as the Wind-Down Manager. Pursuant to
Article II.A of the Plan, unless otherwise provided in the Plan,
all requests for payment of Administrative Claims against the
Debtors accruing on or after the Petition Date, but prior to the
Effective Date, must be filed and served on the Debtors and the
Plan Proponent (so as to be received by no later than the date that
is 30 days after the Effective Date (August 21, 2017)."

BankruptcyData's detailed Plan Summary notes, "The Plan
contemplates the complete deleveraging of the Debtors through the
conversion of all Notes Secured Claims on account of the Senior
Secured Notes and the Prepetition Indenture, and all General
Unsecured Claims (including the Notes Deficiency Claim), to new
equity in MIG Holdings, a new Republic of the Marshall Islands
limited liability company, to be formed by the Debtors prior to the
Effective Date. On the Effective Date MIG Holdings will become the
sole member of, and holder of 100% of the Interests in, Reorganized
MIG. All assets, including the Cash and all litigation claims will
vest in Reorganized MIG for the benefit of all holders of the New
MIG Interests." In addition, General Unsecured Claims will receive
a pro rata share of the Class 3 Equity Distribution; provided,
however, that if the Sale Transaction occurs, then each such Holder
will receive a pro rata share of the Net Cash Proceeds in lieu of
the Class 3 Equity Distribution." MIG emerged from a previous
Chapter 11 filing in December 2010.

                          About MIG LLC

Formerly operating under the name "Metromedia International Group,
Inc.," MIG LLC -- http://www.migllc-group.com/-- owned and      
operated and sold dozens of companies in diverse industries,
including entertainment, photo finishing, garden equipment and
sporting goods, until the late 1990s.  In 1997 and 1998, MIG
consummated the sale of substantially all of its U.S.-based
entertainment assets and began focusing on expanding into emerging
communications and media businesses.  By 2005, all of MIG's
operating businesses were located in the Republic of Georgia and
operated through its subsidiaries.

MIG LLC and affiliate ITC Cellular, LLC, filed for Chapter 11
bankruptcy protection on June 30, 2014.  The cases are currently
jointly administered under Bankr. D. Del. Lead Case No. 14-11605.
As of the bankruptcy filing, MIG's sole valuable asset, beyond its
existing cash, is its indirect interest in Magticom Ltd.  The
cases are assigned to Judge Kevin Gross.

Headquartered in Tbilisi, Georgia, Magticom is the leading mobile
telephony operator in Georgia and is also the largest telephone
operator in Georgia.  Magticom serves 2.4 million subscribers with
a network that covers 97% of the populated regions in Georgia.
Magticom is owned by International Telcell Cellular, LLC, which is
46% owned by MIG unit ITC Cellular, 51% owned by Dr. George
Jokhtaberidze, and 3% owned by Gemstone Management Ltd.

Formerly known as MIG, Inc., MIG was a debtor in a previous case
(Bankr. D. Del. Case NO. 09-12118). It obtained approval of its
reorganization plan in November 2010.

The Debtors have tapped Greenberg Traurig LLP as counsel, Fox
Rothschild Inc. as financial advisor; Cousins Chipman and Brown,
LLP, as conflicts counsel; and Prime Clerk LLC as claims and
notice agent and administrative advisor.  The Debtors have retained
Natalia Alexeeva as chief restructuring officer.

A three-member panel has been appointed in these cases to serve as
the official committee of unsecured creditors, consisting of
Walter M. Grant, Paul N. Kiel, and Lawrence P. Klamon.  The
Committee is represented by Cole Schotz P.C.'s J. Kate Stickles,
Esq., and Patrick J. Reilley, Esq.; and the Law Offices of Henry
F. Sewell, Jr., LLC.

The Bank of New York Mellon is represented by Gerard Uzzi, Esq.,
and Eric Stodola, Esq., at Milbank Tweed Hadley & McCloy LLP, in
New York; Laura Davis Jones, Esq., at Pachulski Stang Ziehl &
Jones LLP, in Wilmington, Delaware; and Glenn E. Siegel, Esq., and
Rachel Jaffe Mauceri, Esq., at Morgan, Lewis & Bockius LLP, in New
York.


MILLERS HERITAGE: Taps Kelly S. Taylor as Accountant
----------------------------------------------------
Millers Heritage Landscape LLC seeks approval from the U.S.
Bankruptcy Court for the Western District of Missouri to hire an
accountant.

The Debtor proposes to hire Kelly S. Taylor CPA, P.C. to prepare
its tax returns and provide other accounting services necessary to
administer its estate.  The firm will charge an hourly fee of
$150.

Kelly Taylor, a certified public accountant, disclosed in a court
filing that she and her firm are "disinterested persons" as defined
in section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Kelly S. Taylor CPA, P.C.
     6606 NE Antioch
     Gladstone, MO 64119
     Phone: 816-741-4225
     Fax: 816-741-2521
     Email: reception@kellytaylorcpa.com

             About Millers Heritage Landscape LLC

Millers Heritage Landscape LLC is a landscaping company in
Parkville, Missouri.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. W. D. Mo. Case No. 17-50265) on June 26, 2017.  Judge
Arthur B. Federman presides over the case.  Michael Perdue,
managing member, signed the petition.  Krigel & Krigel, P.C.
represents the Debtor.    

At the time of the filing, the Debtor disclosed $491,683 in assets
and $2.19 million in liabilities.  


MILLWORK SHOPPE: Unsecureds to Get $50,000 Over 5 Years
-------------------------------------------------------
The Millwork Shoppe Inc., an affiliate of Integrity Millwork Inc.,
filed with the U.S. Bankruptcy Court for the Western District of
Missouri a joint combined plan and disclosure statement dated July
17, 2017.

Holders of Class 3 General Unsecured Non-Insider Claims will
receive, in full satisfaction, settlement, release, and discharge
of and in exchange for each allowed general unsecured claim the
creditors pro rata share of an aggregate cash payment in an amount
of $50,000 (the aggregate amount of all payments to be distributed
to the creditors will not exceed $50,000, in which case each
allowed claim will receive the holder's pro rata share of
$50,000).

Payments to unsecured creditors will be made over a five-year
period with pro rata payments distributed quarterly on the 15th day
of January, April, July, and October of each year starting January
2018 and continuing on the same day of each month and quarter until
all distributions are made.

Debtor reserves the right to prepay this class.  Should the Debtor
prepay any payments, the Debtor will receive correlating credit
toward any future required monthly payment.  The Debtor will be the
Plan administrator and disbursing agent and will make interim
distributions to the holders of class claims, on a pro rata basis,
on or before the date due and continuing thereafter during the
distribution period until the claimants receive the treatment
afforded them in the class.

Payments and distributions under the Plan will be funded by the
Debtor from the Debtor's continued operation of the Debtor's
business and generation of income from the Debtor's business.

A full-text copy of the Joint Combined Plan and Disclosure
Statement is available at:

          http://bankrupt.com/misc/mowb16-61061-75.pdf

                    About Integrity Millwork

Integrity Millwork, Inc., and The Millwork Shoppe Inc. manufacture
and sell residential and commercial cabinetry, moulding and trim,
and operate their business from a leased space located at 2115 N.
Sports Complex Lane, Nixa, Missouri.

The Debtors sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. W. D. Mo. Case Nos. 16-61061 and 16-61064) on Oct. 27,
2016.  

David E. Schroeder, Esq., at David Schroeder Law Office, P.C.,
serves as the Debtors' bankruptcy counsel.

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

Acting U.S. Trustee Daniel J. Casamatta on Dec. 8, 2016, appointed
Big Blue, Inc., dba America Building Products, Creative Associates
Inc., and Mid-Am Building Supply, Inc., to serve on the official
committee of unsecured creditors of The Millwork Shoppe Inc.


MRC CRESTVIEW: Fitch Affirms BB+ Rating on $49MM Revenue Bonds
--------------------------------------------------------------
Fitch Ratings has affirmed the 'BB+' rating on the following bonds
issued by New Hope Cultural Education Facilities Finance
Corporation Retirement Facility on behalf of MRC Crestview.

  -- $49 million series 2016 revenue bonds.

The Rating Outlook is Stable.

SECURITY

The bonds are secured by a lien on and security interest in certain
mortgaged properties, a gross revenue pledge, and a debt service
reserve fund (DSRF).

KEY RATING DRIVERS

STRONG OCCUPANCY: Development of College Station-Bryan Texas as a
regional medical center and Crestview's strong reputation in the
community support a high level of occupancy across all of
Crestview's service lines. Consistent with recent trends,
independent living unit (ILU) occupancy averaged 99%, and assisted
living unit (ALU) and skilled nursing facility (SNF) bed
occupancies 95% during the first quarter ended March 31, 2017.

ELEVATED DEBT: Crestview's 2012 replacement and renovation project
positioned it competitively in the market, but resulted in an
elevated leverage as reflected in fiscal debt-to-net available of
10.1%, unfavorable to the 'below investment grade' (BIG) median of
8.4%. Maximum annual debt service (MADS) represents a high 22.9% of
fiscal 2016 revenues, but Crestview's profitability provided for
fiscal 2016 MADs coverage of 1.7x, favorable to the 1.6x 'BIG'
median.

MIXED LIQUIDITY: Crestview's 538 days cash on hand and 5.5x cushion
ratio at March 31, 2017 are improved from recent years and
favorable to the respective 'BIG' medians of 256 days and 4.4x.
Unfavorable cash-to-debt of 31.6%, in relation to the 34.9% 'BIG'
median, is likely to improve over the medium term with amortization
of outstanding debt and the lack of new debt issuance plans.

IMPROVING OPERATING PROFILE: Healthy occupancy, cost management and
a good payor mix contribute to net operating margins (30% for
fiscal 2016) well in excess of the 'BIG' category median and an
improving operating ratio of 86.9%, favorable to the 97.8% 'BIG'
category median. Consistent operating performance helps to mitigate
Crestview's elevated debt and exposure to obligations associated
with its Type-A, refundable entrance fee contract and life care
future service obligations.

METHODIST RETIREMENT COMMUNITIES AFFILIATION: Crestview's sole
corporate member and manager is Methodist Retirement Communities
(MRC). In addition to Crestview, the MRC affiliated ministries
include four continuing care retirement communities (CCRCs) and
several affordable senior housing communities. The MRC affiliation
provides Crestview with resources and expertise that are not
typically available to single-site communities. MRC is not
obligated on any of Crestview's debt.

RATING SENSITIVITIES

OPERATING PROFITABILITY: The 'BB+' rating incorporates Fitch's
expectations for consistent operating performance and ample
liquidity to mitigate Crestview's elevated leverage and exposure to
obligations associated with its Type-A, refundable entrance fee
contract and life care future service obligations. Although not
anticipated, adverse performance, liquidity and coverage trends
could pressure the current rating.


NATIONAL EVENTS: Creditors Seek Appointment of Ch. 11 Examiner
--------------------------------------------------------------
Paul Jones, Sports & Entertainment Travel, LLC, Gary Rosoff, and
C.M. Events, Inc., creditors of National Events Holdings, LLC, and
its debtor affiliates National Events of America Inc. and New World
Events Group Inc., ask the U.S. Bankruptcy Court for the Southern
District of New York to direct the appointment of an examiner(s)
pursuant to section 1104(c)(1) of the Bankruptcy Code.

According to the Movants, who are part of an active group of
unsecured creditors comprised of former employees, independent
contractors, and trade creditors of the Debtors who were victims of
the fraud perpetrated on them by Jason Nissen and his affiliated
companies, the appointment of an examiner is necessary to conduct
an investigation of the Debtors and their parent companies,
affiliated companies, former principal, current management, equity
holders, lenders (including but not limited to Falcon Strategic
Partners IV LP and FMP Agency Services, LLC, Taly USA Holdings Inc.
and SLL USA Holdings, LLC, and Hutton Ventures LLC, directors,
creditors, and lienholders, including with respect to the issues
identified in (i) the United States Trustee's Motion for Order
Converting These Cases to Cases Under Chapter 7, and (ii) the
Verified Complaint filed in Taly USA Holdings Inc., et al., v.
Jason Nissen, et al., Index No. 652865/2017 (Sup. Ct. N.Y. Cnty.
June 1, 2017).

More specifically, the Movants ask the appointment of an
examiner(s) to investigate, inter alia, the following:

   * the mechanics of the Ponzi scheme that Nissen allegedly
orchestrated through the Debtors and related entities, including
whether any other persons or entities were involved in perpetuating
the scheme;

   * how the proceeds of the fraud were utilized by Nissen, the
Debtors, and related entities, including reviewing business records
for potential causes of action for fraudulent conveyances and
preferences;

   * the likelihood that the Debtors could obtain post-petition
financing sufficient for reorganization or payment of
administrative expenses and other post-petition expenses;

   * the relationship between Falcon and the Debtors, their parent
companies, affiliated companies, former principal, and current
management, in light of (i) Falcon's multiple roles as equity
holder, largest creditor, and one half of the Debtors' Board of
Managers, which hired as the Debtors' Chief Restructuring Officer a
representative of the same firm it had previously hired to conduct
an audit of the Debtors, and (ii) Falcon's having been told of the
alleged Ponzi scheme before it was publicized; and

   * the relationship between Taly, Hutton, and the Debtors, their
parent companies, affiliated companies, former principal, and
current management, in light of Taly's and Hutton's roles as major
creditors that repeatedly did business with Nissen and affiliates
of the Debtors, and Taly's having been told of the alleged Ponzi
scheme before it was publicized.

The unsecured creditors assert that appointment of an examiner(s)
is particularly necessary at this stage of the Debtors' cases,
because (i) no creditors' committee has been appointed, though
creditors have
requested one, and (ii) the Movants have been informed that other
parties in interest will be filing a motion, including a proposal
for modest post-petition financing, but not including any provision
for an independent investigation by a party who is not a potential
target of such an investigation, despite the Movants having voiced
their concern that an independent investigation is necessary.

The Movants are represented by:

     James M. Sullivan, Esq.
     WINDELS MARX LANE & MITTENDORF, LLP
     156 West 56th Street
     New York, NY 10019
     Tel: (212) 237-1000
     Fax: (212) 262-1215
     E-mail: jsullivan@windelsmarx.com

                About National Events Holdings

National Events Holdings, LLC, et al., operate together a ticket
broker and wholesale distributor of tickets for sporting and
theatrical events that was formed in 2006.  The Debtors provide
ticketing services for all concert, theater and sporting event
tickets, as well as various V.I.P. hospitality packages that
deliver exclusive access to big name events, including hotels,
celebrity meet and greets and exclusive parties.

National Events Holdings, et al., filed for Chapter 11 bankruptcy
protection (Bankr. S.D.N.Y. Lead Case No. 17-11556) on June 5,
2017.

Two affiliates -- National Events of America Inc. (Case No.
17-11798) and New World Events Group Inc. (17-11799) -- filed
Chapter 11 petitions on June 28, 2017.  The cases are jointly
administered.

The Debtors' attorneys are Stephen B. Selbst, Esq., and Hanh V.
Huynh, Esq., at Herrick, Feinstein LLP, in New York.  Timothy
Puopolo of RAS Management Advisors, LLC, is the Debtors' as chief
restructuring officer.


NATURE'S BOUNTY: Moody's Puts B2 CFR Under Review for Downgrade
---------------------------------------------------------------
Moody's Investors Service placed the ratings of The Nature's Bounty
Co. (a subsidiary of Alphabet Holding Company, Inc.) under review
for downgrade. Ratings under review include the company's B2
Corporate Family Rating, B2-PD Probability of Default Rating, its
Caa1 senior unsecured notes, and its B1 senior secured term loans.
The review was prompted by the announcement on July 24, 2017 that
KKR& Co. L.P. has agreed to acquire majority control of the company
from The Carlyle Group.

The following ratings were placed under review for downgrade:

The Nature's Bounty Co.

Corporate Family Rating at B2

Probability of Default Rating at B2-PD

Senior unsecured global notes at Caa1 (LGD 5)

Senior secured term loans at B1 (LGD 3)

Speculative Grade Liquidity Rating at SGL-2

Although financing details have not been provided, the company
could have higher financial leverage following the pending
acquisition. The rating review will focus on the post transaction
capital, the current and projected operating performance, as well
as the proposed ownership and governance structure.

RATINGS RATIONALE

Excluding its acquisition by KKR, the B2 Corporate Family Rating
(currently under review) reflects the company's moderate scale in
relation to other corporate issuers, its high financial leverage,
and high customer concentration. The rating is supported by
Nature's Bounty portfolio of well-known brands and geographic and
channel diversification. The rating also reflects the growth
potential of the VMNS industry due to an aging US population.

The principal methodology used in these ratings was that for the
Global Packaged Goods industry published in January 2017.

Nature's Bounty, headquartered in Ronkonkoma, NY, is a leading
global vertically-integrated manufacturer, marketer, and retailer
of vitamin, mineral, and nutritional supplements ("VMNS") in the
United States and throughout the world. It is also a wholesale
supplier of private label and branded VMNS products, such as
Nature's Bounty, Sundown and Pure Protein to major retailers in the
US. Nature's Bounty is a subsidiary of Alphabet Holding Company,
Inc., which is owned by The Carlyle Group. The company generates
roughly $2.9 billion in annual revenues.


NEW YORK CRANE: Trustee Taps Andersen as Tax Consultant
-------------------------------------------------------
Perry Mandarino, as Chapter 11 trustee for the estate of New York
Crane & Equipment Corp. President James Lomma, seeks approval from
the U.S. Bankruptcy Court for the Eastern District of New York to
hire a tax consultant.

Mr. Mandarino proposes to hire Andersen Tax LLC to provide these
services:

     (i) Build a tax model for Mr. Lomma, the other debtors and
         non-debtor affiliated entities in which he owns equity or

         control interests; and

    (ii) Conduct a review of tax returns, sales and use tax
         returns, payroll tax returns and determine whether all
         required filing obligations have been met.

The hourly rates charged by the firm are:

     Managing Director             $800
     Manager                $575 - $650
     Senior Associate       $375 - $425
     Associate              $250 - $325

George Lyons, managing director at Andersen Tax, disclosed in a
court filing that the firm is a "disinterested person" as defined
in section 101(14) of the Bankruptcy Code.

Andersen Tax can be reached through:

     George T. Lyons
     Andersen Tax LLC
     100 Campus Drive, Suite 100
     Florham Park, NJ 07932

                       About New York Crane

New York Crane & Equipment Corp., J.F. Lomma Inc. (De.), J.F. Lomma
Inc. (N.J.), and James F. Lomma filed Chapter 11 bankruptcy
petitions (Bankr. E.D.N.Y. Lead Case No. 16-40043) on Jan. 6,
2016.

The corporate Debtors operate crane, trucking and rigging companies
doing business in New York City and other parts of the country. The
petitions were signed by James F. Lomma as president. New York
Crane & Equipment disclosed total assets of $9.8 million and total
debts of $22.05 million. Judge Carla E. Craig presides over the
cases.

The Debtors have hired Goldberg Weprin Finkel Goldstein LLP as
their counsel; LaMonica Herbst & Maniscalco, LLP as special
counsel; Robert L. Friedbauer CPA PC as accountant; Marcum LLP as
financial advisor; and Pro Star Pilatus Center LLC as Broker in
relation to an Aircraft Remarketing Agreement.

James Lomma is the president and sole shareholder of the corporate
Debtors. The Debtors employ LaMonica Herbst & Maniscalco, LLP as
special litigation and conflicts counsel to James F. Lomma.

On February 12, 2016, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors. The committee tapped
Togut, Segal & Segal LLP as its counsel.

On December 9, 2016, the Debtors filed an amended disclosure
statement, which explains their proposed Chapter 11 plan of
reorganization. The plan proposes to pay general unsecured
creditors in full.

On June 23, 2017, Perry Mandarino was appointed as the Chapter 11
trustee for James F. Lomma.


NEW YORK CRANE: Trustee Taps B. Riley as Financial Advisor
----------------------------------------------------------
Perry Mandarino, as Chapter 11 trustee for the estate of New York
Crane & Equipment Corp. President James Lomma, seeks approval from
the U.S. Bankruptcy Court for the Eastern District of New York to
employ his own firm as financial advisor.

Mr. Mandarino, the court-appointed trustee, proposes to hire B.
Riley & Co., LLC and its subsidiary Great American Group to provide
these services:

     (a) review and analyze, from a financial perspective, the
         general business, operating and financial condition of
         the debtors and non-debtor affiliates;

     (b) review and analyze the corporate structure of the debtors

         and non-debtor affiliates;

     (c) develop cash flow projections, including related
         financial forecast and sensitivity analyses relating to
         the debtors' and non-debtor affiliates' forecasts and
         assumptions;

     (d) negotiate, in conjunction with the trustee's counsel,
         with lenders regarding debtor-in-possession and exit
         financing and assistance in the preparation thereof;

     (e) review and analyze any budgets in connection with
         financing or other matters;

     (f) review and analyze related party transactions involving
         the debtors and non-debtor affiliates;

     (g) provide financial analysis with respect to pre-bankruptcy

         asset transfers and transactions by and among the debtors

         and non-debtor affiliates;

     (h) evaluate and determine the enterprise value of each of
         the debtors and non-debtor affiliates;

     (i) review and analyze all of the assets currently held by
         the debtors and non-debtor affiliates, and assist in
         determining the highest and best value of those assets;

     (j) structure transactions involving the potential sale or
         other disposition of the debtors or non-debtor affiliates

         as a going concern to achieve the highest and best        

         recovery for creditors, analyze each transaction, and
         assist the trustee in seeking court approval for each
         transaction;

     (k) review and analyze all of the work product prepared by
         the financial advisors to the creditors' committee in
         connection with their investigation of the assets of the
         debtors and non-debtor affiliates;

     (l) validate the accuracy, completeness, thoroughness and
         transparency of all information previously obtained by
         the various case professionals involving the assets of
         the debtors and non-debtor affiliates;

     (m) conduct a physical inventory of all of the equipment
         currently owned by, or in the possession of, the debtors
         and non-debtor affiliates3;

     (n) evaluate the debtors' and non-debtor affiliates' cash
         management, and track and monitor cash disbursements and  
       
         receipts, to prepare cash flow forecasts and financing
         budgets;

     (o) evaluate plans of reorganziation and conduct a
         liquidation and best interest analysis in connection with
        
         those plans;

     (p) review and analyze the validity of claims and assist with

         claims recovery, liability management, and other analyses
        
         related to the plans;

     (q) testify as a "fact or percipient witness" in the debtors'
        
         bankruptcy proceedings based on B. Riley's direct
         knowledge relating to the services performed;

     (r) address any diligence and information requests of the
         creditors' committee and its professionals, respond to
         inquiries and participate in meetings; and

     (s) as requested, participate in meetings with the trustee
         and various stakeholders to address diligence and
         information requests and inquiries.

B. Riley's fee structure generally consists of these hourly rates:

     Managing Director                 $850
     Senior Managing Director          $850
     VicePresident              $550 - $675
     Director                   $550 - $675
     Associate                         $350
     Intern                            $200

Meanwhile, Great American Group professionals will charge $200 per
hour for their services.

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

The firm can be reached through:

     Perry M. Mandarino
     B. Riley & Co., LLC
     Graybar Building
     420 Lexington Avenue, Suite 3001
     New York, NY 10170
     Phone: (646) 367-2400

                        About New York Crane

New York Crane & Equipment Corp., J.F. Lomma Inc. (De.), J.F. Lomma
Inc. (N.J.), and James F. Lomma filed Chapter 11 bankruptcy
petitions (Bankr. E.D.N.Y. Lead Case No. 16-40043) on Jan. 6,
2016.

The corporate Debtors operate crane, trucking and rigging companies
doing business in New York City and other parts of the country. The
petitions were signed by James F. Lomma as president. New York
Crane & Equipment disclosed total assets of $9.8 million and total
debts of $22.05 million. Judge Carla E. Craig presides over the
cases.

The Debtors have hired Goldberg Weprin Finkel Goldstein LLP as
their counsel; LaMonica Herbst & Maniscalco, LLP as special
counsel; Robert L. Friedbauer CPA PC as accountant; Marcum LLP as
financial advisor; and Pro Star Pilatus Center LLC as Broker in
relation to an Aircraft Remarketing Agreement.

James Lomma is the president and sole shareholder of the corporate
Debtors. The Debtors employ LaMonica Herbst & Maniscalco, LLP as
special litigation and conflicts counsel to James F. Lomma.

On February 12, 2016, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors. The committee tapped
Togut, Segal & Segal LLP as its counsel.

On December 9, 2016, the Debtors filed an amended disclosure
statement, which explains their proposed Chapter 11 plan of
reorganization. The plan proposes to pay general unsecured
creditors in full.

On June 23, 2017, Perry Mandarino was appointed as the Chapter 11
trustee for James F. Lomma.


NEW YORK CRANE: Trustee Taps Okin Hollander as Legal Counsel
------------------------------------------------------------
Perry Mandarino, as Chapter 11 trustee for the estate of New York
Crane & Equipment Corp. President James Lomma, seeks court
permission to employ Okin Hollander LLC as his legal counsel.

In his application with the U.S. Bankruptcy Court for the Eastern
District of New York, Perry Mandarino proposes to hire the firm to
provide these services in connection with Mr. Lomma's Chapter 11
case:

     (a) assist him in investigating the assets of Mr. Lomma's
         estate as well as assets of the other debtors and
         non-debtor affiliated entities in which he has ownership
         interests;

     (b) provide legal advice in connection with the potential
         liquidation and sale of assets of the debtors and non-
         debtor affiliates;

     (c) evaluate and pursue potential causes of action under
         Chapter 5 of the Bankruptcy Code;

     (d) assist the trustee in obtaining debtor-in-possession and
         exit financing;

     (e) prepare or review court papers in connection with the
         administration of Mr. Lomma's estate;

     (f) take legal actions to protect and preserve the estate;

     (g) assist the trustee in negotiating and obtaining
         confirmation of a Chapter 11 plan; and

     (h) appear in court and protect the interests of the trustee
         before the court.

The attorneys designated to represent the trustee and their
standard hourly rates are:

     Paul Hollander        Member        $725
     Margreta Morgulas     Associate     $550
     Rosanne Singer        Associate     $525

The firm will charge $90 per hour for paralegal services.

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

Okin Hollander can be reached through:

     Paul S. Hollander, Esq.
     Margreta M. Morgulas, Esq.
     Rosanne A. Singer, Esq.
     Okin Hollander LLC
     Glenpointe Centre West, 2nd Floor
     500 Frank W. Burr Boulevard, Suite 40
     Teaneck, NJ 07666
     Tel: (201) 947-7500
     Fax: (201) 947-2663

                        About New York Crane

New York Crane & Equipment Corp., J.F. Lomma Inc. (De.), J.F. Lomma
Inc. (N.J.), and James F. Lomma filed Chapter 11 bankruptcy
petitions (Bankr. E.D.N.Y. Lead Case No. 16-40043) on Jan. 6,
2016.

The corporate Debtors operate crane, trucking and rigging companies
doing business in New York City and other parts of the country. The
petitions were signed by James F. Lomma as president. New York
Crane & Equipment disclosed total assets of $9.8 million and total
debts of $22.05 million. Judge Carla E. Craig presides over the
cases.

The Debtors have hired Goldberg Weprin Finkel Goldstein LLP as
their counsel; LaMonica Herbst & Maniscalco, LLP as special
counsel; Robert L. Friedbauer CPA PC as accountant; Marcum LLP as
financial advisor; and Pro Star Pilatus Center LLC as Broker in
relation to an Aircraft Remarketing Agreement.

James Lomma is the president and sole shareholder of the corporate
Debtors. The Debtors employ LaMonica Herbst & Maniscalco, LLP as
special litigation and conflicts counsel to James F. Lomma.

On February 12, 2016, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors. The committee tapped
Togut, Segal & Segal LLP as its counsel.

On December 9, 2016, the Debtors filed an amended disclosure
statement, which explains their proposed Chapter 11 plan of
reorganization. The plan proposes to pay general unsecured
creditors in full.

On June 23, 2017, Perry Mandarino was appointed as the Chapter 11
trustee for James F. Lomma.


NEW YORK CRANE: Trustee Taps Otterbourg as New Legal Counsel
------------------------------------------------------------
Perry Mandarino, as Chapter 11 trustee for the estate of New York
Crane & Equipment Corp. President James Lomma, seeks court
permission to employ a new legal counsel for the company and its
two affiliates.

In his application with the U.S. Bankruptcy Court for the Eastern
District of New York, Perry Mandarino proposes to hire Otterbourg
P.C. as new legal counsel for New York Crane, J.F. Lomma, Inc.
(De.) and J.F. Lomma, Inc. (N.J.).

The firm will replace Goldberg Weprin Finkel Goldstein LLP.  It is
anticipated that Goldberg will be retained as special counsel for
the companies by separate application.

The hourly rates charged by Otterbourg range from $695 to $995 for
partners and counsel, and from $295 to $725 for associates.  The
firm will charge $275 per hour for paralegal services.

Otterbourg does not hold or represent any interest adverse to the
bankruptcy estates, and is a "disinterested person" as defined in
section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Melanie L. Cyganowski
     Otterbourg P.C.
     230 Park Avenue
     New York, NY 10169-0075
     Tel: 212-661-9100 / 212-905-3677
     Fax: 212-682-6104
     Email: info@otterbourg.com
     Email: mcyganowski@otterbourg.com

                       About New York Crane

New York Crane & Equipment Corp., J.F. Lomma Inc. (De.), J.F. Lomma
Inc. (N.J.), and James F. Lomma filed Chapter 11 bankruptcy
petitions (Bankr. E.D.N.Y. Lead Case No. 16-40043) on Jan. 6,
2016.

The corporate Debtors operate crane, trucking and rigging companies
doing business in New York City and other parts of the country. The
petitions were signed by James F. Lomma as president. New York
Crane & Equipment disclosed total assets of $9.8 million and total
debts of $22.05 million. Judge Carla E. Craig presides over the
cases.

The Debtors have hired Goldberg Weprin Finkel Goldstein LLP as
their counsel; LaMonica Herbst & Maniscalco, LLP as special
counsel; Robert L. Friedbauer CPA PC as accountant; Marcum LLP as
financial advisor; and Pro Star Pilatus Center LLC as Broker in
relation to an Aircraft Remarketing Agreement.

James Lomma is the president and sole shareholder of the corporate
Debtors. The Debtors employ LaMonica Herbst & Maniscalco, LLP as
special litigation and conflicts counsel to James F. Lomma.

On February 12, 2016, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors. The committee tapped
Togut, Segal & Segal LLP as its counsel.

On December 9, 2016, the Debtors filed an amended disclosure
statement, which explains their proposed Chapter 11 plan of
reorganization. The plan proposes to pay general unsecured
creditors in full.

On June 23, 2017, Perry Mandarino was appointed as the Chapter 11
trustee for James F. Lomma.


NGPL PIPECO: Moody's Rates New $1.4BB Senior Unsecured Notes Ba1
----------------------------------------------------------------
Moody's Investors Service assigned a Ba1 (LGD3) senior unsecured
rating to two tranches of new NGPL PipeCo LLC notes (i.e., $700
million 4.375% Senior Notes due 2022 and $700 million 4.875% Senior
Notes due 2027) and affirmed the Ba1 Corporate Family Rating (CFR)
and the Ba1-PD Probability of Default Rating.

The $457 million 7.768% Senior Notes due 2037, previously secured
until November 2016 when repayment of a legacy credit facility
automatically released its collateral pledge, are also affirmed at
Ba1 (LGD3). The outlook is stable.

RATINGS RATIONALE

"The Ba1 rating on the new notes is consistent with NGPL's CFR and
single class of rated debt, which became unsecured in November
2016, following the repayment of its legacy credit facility and
release of collateral securing all debt at the time" said Vice
President Ryan Wobbrock. "As a result of this refinancing, NGPL has
replaced higher-cost debt which will reduce interest expense and
improve funds from operations by around $24 million per annum"
added Wobbrock.

The new notes were issued as part of refinancing NGPL's $1.25
billion 7.119% Senior Notes due December 2017. The transaction
evidences NGPL's improved market access and liquidity, following
significant capital structure improvement over the past two years.

NGPL's Ba1 corporate family rating reflects its strong market
position as a key natural gas supplier to the Chicago, Illinois
demand area, the high investment-grade utility shippers that demand
a majority of NGPL's services, a volume-weighted contract life of
around 5 years and growth prospects in the southern part of its
system.

What Could Change the Rating -- UP

NGPL would have to maintain its current qualitative strengths and
improve financial metrics above 15% FFO to debt and under 5.0x
leverage, on a sustainable basis, in order to achieve its targeted
investment grade ratings.

What Could Change the Rating -- Down

NGPL could be downgraded if FFO to debt were to remain at 10% on a
sustainable basis, if sponsors enacted aggressive financial
policies or if there were a decline in the average shipper credit
quality or contract life.

The principal methodology used in these ratings was Natural Gas
Pipelines published in November 2012.


NORTHERN BLIZZARD: DBRS Notes Name Change
-----------------------------------------
DBRS Limited on July 13, 2017, notes that, effective July 12, 2017,
Northern Blizzard Inc. (rated B (low) with a Stable Trend by DBRS)
has changed its corporate name to Cona Resources Ltd.


OCWEN FINANCIAL: S&P Affirms 'B-' Long-Term ICR, Outlook Negative
-----------------------------------------------------------------
S&P Global Ratings said it removed its 'B-' long-term issuer credit
rating on Ocwen Financial Corp. from CreditWatch with negative
implications, where we placed it on April 21, 2017, and affirmed
the rating. The outlook is negative.

The rating action follows Ocwen's announcement of a definitive
agreement with New Residential (NRZ) that reduces the risk of
losing the right to service loans that had sold excess servicing
spreads to NRZ. The agreement states that Ocwen will sell its
remaining economic interest in $110 billion of unpaid principal
balance on excess servicing spread income that New Residential
Mortgage LLC (NRM), a wholly owned subsidiary of NRZ, previously
purchased from Home Loan Servicing Solutions.

Following third-party approvals and the transfer of the servicing
rights, NRZ will make lump sum payments to Ocwen in exchange of
forgoing payments under the existing agreement. These restructuring
fee payments may total up to approximately $400 million.
Additionally, NRZ will purchase a 4.9% stake in Ocwen's common
equity, at an estimated cost of $13.9 million.

S&P said, "We expect leverage will rise because the company does
not mention any plan to use the $400 million of proceeds to pay
down debt even though servicing fee income is likely to decline
following the sale of assets.

"Notwithstanding the above, we continue to see significant
regulatory risk from recent Ocwen allegations and ongoing
litigation between Ocwen, the Consumer Financial Protection Bureau
(CFPB), and various state regulators.

"The negative outlook reflects our view that much of the regulatory
risk that threatened the viability of Ocwen's servicing business
remains. We expect Ocwen will continue to defend itself against
litigation and allegations  made by the CFPB and various state
regulators until the current allegations are resolved. We expect
that revenues from servicing will continue to run off as mortgage
servicing rights (MSRs) amortize.  

"We could lower the rating during the next 12 months if the risk of
Ocwen losing significant servicing revenue from regulatory actions
increases, or if the costs of ongoing litigation becomes
unsustainable. Alternatively, should the MSR transfer fail to
close, we will likely lower the rating.

"Separately, we could lower the rating if the company's interest
coverage falls below 1.0x or if debt to tangible equity rises above
2.0x.

"We could revise the outlook to stable if regulatory issues are
successfully resolved."


ONCOLOGY INSTITUTE: Unsecureds to Get $13,749 by 2021
-----------------------------------------------------
Oncology Institute of Puerto Rico P.S.C. filed with the U.S.
Bankruptcy Court in Puerto Rico a small business disclosure
statement dated July 17, 2017, referring to the Debtor's plan of
reorganization.

Class 1 General Unsecured Class is impaired by the Plan.  The
Debtor will make 48 monthly payments of $286.44 each until year
2021.  Total payout amount will be $13,749.

Payments and distributions under the Plan will be funded by the
continued operation of the business of the Debtor.

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

          http://bankrupt.com/misc/prb17-00212-66.pdf

            About Oncology Institute of Puerto Rico

Oncology Institute of Puerto Rico, P.S.C., a health care business,
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
D. P.R. Case No. 17-00212) on January 18, 2017.  Nilda
Gonzalez-Cordero, Esq., serves as the Debtor's bankruptcy counsel.
At the time of the filing, the Debtor estimated assets and
liabilities of less than $500,000.


ORBITE TECHNOLOGIES: Proposes Stay Extension, DIP Financing
-----------------------------------------------------------
Orbite Technologies Inc. on July 27, 2017, said it has filed with
the Superior Court of Quebec (the "CCAA Court") a motion to (i)
extend the stay of all proceedings to Nov. 30, 2017, and (2) access
a $6.8 million debtor-in-possession ("DIP") financing.

As announced on May 24, 2017, the CCAA Court had granted a motion
filed by the Company under the Companies' Creditors Arrangement Act
("CCAA") and issued an amended and restated order namely to extend
the initial stay of all proceedings from May 29, 2017 to August 4,
2017 (the "Stay Period").

The Company filed on July 26, 2017 a motion to the CCAA Court
seeking (1) the extension of the Stay Period to November 30, 2017
and (2) the approval of a $6.8 million debtor-in-possession ("DIP")
financing from the holders of Orbite's 7% Convertible Secured
Debentures due Sept. 28, 2018 (the "2015 ITC Debentures") and a
related DIP super-priority charge over the Company's assets.  

The terms and conditions of the DIP financing are set forth in a
credit facility between the Company and Computershare Trust Company
of Canada in its capacity as trustee for the holders of 2015 ITC
Debentures.

If approved by the CCAA Court, the DIP financing would serve for
working capital and other general corporate purposes as well as to
pay fees and expenses related to Orbite's restructuring process,
and is expected to close two business days after the day an order
approving the DIP financing is received.

The Company will provide further updates as developments occur.

There can be no guarantees that the DIP financing will be approved
by the CCAA Court and implemented or that Company will otherwise be
successful in its restructuring efforts and will emerge from CCAA
protection.

                           About Orbite

Orbite Technologies Inc. (nex:ORT.H) is a Canadian cleantech
company whose innovative and proprietary processes are expected to
produce alumina and other high-value products, such as rare earth
and rare metal oxides, at one of the lowest costs in the industry,
and in a sustainable fashion, using feedstocks that include
aluminous clay, kaolin, nepheline, bauxite, red mud, fly ash as
well as serpentine residues from chrysotile processing sites.
Orbite is currently in the process of finalizing its first
commercial high-purity alumina (HPA) production plant in Cap-Chat,
Québec and has completed the basic engineering for a proposed
smelter-grade alumina (SGA) production plant, which would use clay
mined from its Grande-Vallée deposit.  The Company's portfolio
contains 15 intellectual property families, including 45 patents
and 48 pending patent applications in 11 different countries and
regions.  The first intellectual property family is patented in
Canada, USA, Australia, Japan and Russia.  The Company also
operates a state of the art technology development center in Laval,
Quebec, where its technologies are developed and validated.

Orbite Technologies in April 2017 filed a petition for continuance
of the Bankruptcy and Insolvency Act proceedings under the
Companies' Creditors Arrangement Act

The Superior Court of Quebec granted the petition and issued an
initial order pursuant to the CCAA on April 28, 2017.

PricewaterhouseCoopers Inc. has been appointed as Monitor.


P2 UPSTREAM: S&P Affirms 'B-' CCR & Revises Outlook to Stable
-------------------------------------------------------------
S&P Global Ratings affirmed its 'B-' corporate credit rating on
Denver, Co.-based P2 Upstream Acquisition Co. and revised the
outlook to stable from negative.

S&P said, "At the same time, we affirmed our 'B' issue rating on
the company's first-lien senior secured credit facilities. The '2'
recovery rating is unchanged and indicates our expectation of
substantial recovery (70% to 90%; rounded estimate: 85%) in the
event of payment default. We also affirmed our 'CCC' issue rating
on the company's second-lien term loan. The '6' recovery rating is
unchanged and indicates our expectation of negligible (0% to 10%;
rounded estimate: 0%) recovery in the event of a payment default.

"The outlook revision reflects our expectation of continued
moderating revenue declines and client attrition because of the
improving environment in the energy market. The revision also
reflects our expectation that while revenues will continue to be
pressured in 2017, and growth will lag the expected improvement in
the exploration and production (E&P) industry's capital spending,
the company will generate sufficient liquidity to operate its
business over next 12 months.

"The stable outlook reflects our expectation that the overall
health of the O&G market will improve, leading to lower attrition
rates among P2's customer base. Under our base case scenario, over
the next 12 months, we expect revenue declines to moderate, and for
P2 to have adequate liquidity to operate its business with FOCF to
debt sustained in the low-single-digit percent area over the next
12 months.

"Over the next 12 months we could lower the rating if the O&G
market deteriorates or competitive pressures increase such that we
anticipate weaker-than-expected revenues, renewals, and
profitability would lead to negative FOCF, which could result in
less-than-adequate liquidity.

"While unlikely, we could the raise the rating if macro conditions
improve such that we expect revenue to grow in the mid-single-digit
area, FOCF to debt in the mid-single-digit area, and leverage
sustained below 7x."


PACIFIC 9: Court Extends Plan Exclusivity Period Through Aug. 22
----------------------------------------------------------------
Judge Julia W. Brand of the U.S. Bankruptcy Court for the Central
District of California extended the exclusive period during which
only Pacific 9 Transportation, Inc., may file a plan of
reorganization from the current deadline of April 24, 2017 to
August 22, 2017.

The Troubled Company Reporter has previously reported that the
Debtor needed additional time to continue its negotiations with the
Official Committee of Unsecured Creditors and the U.S. Trustee so
as to resolve any objections that they have to the First Amended
Plan and Disclosure Statement.

The Debtor mentioned that it had filed its Chapter 11 Original Plan
of Reorganization and Disclosure Statement on January 26, 2017.
However, the U.S. Trustee and the Committee filed oppositions to
the Motion Approving Disclosure Statement.

Consequently, the Debtor filed its First Amended Plan and
Disclosure Statement on March 3, 2017 in response to the
oppositions of the Committee and the U.S. Trustee in relation to
approval of the adequacy of the Disclosure Statement.

The hearing to consider approval of the Disclosure Statement was
set for March 9, 2017.  However, the Debtor averred that it had
entered into a Stipulation with the Committee and the U.S. Trustee
to continue the hearing to April 6.  Subsequently, the Parties
filed a Second Stipulation to continue the hearing to May 4; and on
April 18 the Parties filed a Third Stipulation to continue the
hearing to July 6 to give the Parties sufficient time to see if
they could come to an agreement on the resolution on the motion.

The Debtor contended that although it had already filed its First
Amended Plan, it was still in the process of negotiating with the
U.S. Trustee and the Committee regarding their objections to the
First Amended Plan and Disclosure Statement.

The Debtor claimed that, assuming it resolves the U.S. Trustee's
and the Committee's objections to the First Amended Plan and
Disclosure Statement, the Debtor needed time to either file a
second amended plan and disclosure statement or attend the hearing
on the adequacy of the First Amended Disclosure Statement.

                 About Pacific 9 Transportation

Pacific 9 Transportation, Inc., is a trucking company located in
Los Angeles, California that provides trucking services throughout
California. The Company rents real property located at 21900 S.
Alameda Street, Los Angeles, CA 90810 for the premises used to
store its trucks, trailers, ocean containers, and legally related
equipment.  As of Sept. 1, 2016, it began using the premises as its
office and principal place of business.

Pacific 9 sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. C.D. Cal. Case No. 16-15447) on April 26, 2016.  The
petition was signed by Le Phan, CFO.  The Debtor estimated both
assets and liabilities in the range of $1 million to $10 million.

The case is assigned to Judge Julia W. Brand.

The Debtor hired Haberbush & Associates LLP as its general
bankruptcy counsel; and The Law Firm of Atkinson, Andelson, Loya,
Ruud & Romo as its special counsel.

On June 14, 2016, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  The committee retained
Danning, Gill, Diamond & Kollitz, LLP as local counsel, and Armory
Consulting Company as financial advisor.


PERSISTENCE PARTNERS: Disclosures Okayed; August 22 Plan Hearing
----------------------------------------------------------------
Judge Julie A. Manning of the U.S. Bankruptcy Court for the
District of Connecticut issued an order approving Persistence
Partners IV LLC's first amended disclosure statement describing its
plan of reorganization filed on July 12, 2017.

August 16, 2017, is fixed as the last day for returning written
ballots of acceptance or rejection of the Plan.

August 22, 2017, at 10:00 AM is fixed as the date of the hearing to
consider confirmation of the Plan in the U.S. Bankruptcy Court, 915
Lafayette Blvd., Room 123, Courtroom, Bridgeport, CT 06604.

Written objections to the Plan shall be filed with the court no
later than August 16, 2017.

As previously reported by the Troubled Company Reporter, Class 2
Claims of MACH MG, LLC, are impaired by the Plan. Without the
intention to limit or alter the terms of the settlement agreement,
the claim of MACH MG will be paid up to $1,450,000 if paid by Jan.
31, 2018, or at lesser amount as may be provided in the Settlement
Agreement if and only if the payment via wire transfer is made by
the dates specified.  Payment to Class 2 is subject to reduction by
up to $25,000 in certain circumstances as set forth in the
Settlement Agreement as provided for in the treatment of Class 3.
While Debtor disputes that the claimant holds a properly perfected
security interest, to the extent that claimant holds any lien it
will retain any and all liens it holds at the Petition Date, and
that it holds pursuant to the Settlement Agreement until paid.

The First Amended Disclosure Statement is available at:

           http://bankrupt.com/misc/ctb16-51161-128.pdf

                  About Persistence Partners

Persistence Partners IV LLC filed Chapter 11 bankruptcy petition
(Bankr. Conn. Case No. 16-51161) on Aug. 30, 2016.  Joseph P.
Beninati signed the petition as manager.  The Debtor estimated
assets in the range of $10 million to $50 million and estimated
debts in the range of $500,000 to $1 million.

Carl T. Gulliver, Esq., at Coan Lewendon Gulliver & Miltenberger
LLC serves as the Debtor's bankruptcy counsel.


PILGRIM MEDICAL: August 24 Plan and Disclosure Statement Hearing
----------------------------------------------------------------
Judge Vincent F. Papalia of the U.S. Bankruptcy Court for the
District of New Jersey conditionally approved Pilgrim Medical
Center, Inc., and Nicholas V. Campanella's small business
disclosure statement regarding their plan of reorganization, dated
July 19, 2017.

August 17, 2017, is fixed as the last day for filing and serving
written objections to the Disclosure Statement and confirmation of
the Plan.

August 17, 2017, is fixed as the last day for filing written
acceptances or rejections of the Plan.

A hearing shall be held on August 24, 2017, at 11:00 a.m. for final
approval of the Disclosure Statement and for confirmation of the
Plan before the Honorable Vincent Papalia, U.S. Bankruptcy Court,
District of New Jersey, 50 Walnut Street, Newark, NJ, 07102 in
Courtroom 3B.

                   About Pilgrim Medical Center

Pilgrim Medical Center, Inc. sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. D. N.J. Case No. 16-15414) on March
22,
2016.  The petition was signed by Nicholas V. Campanella,
shareholder.  The case is assigned to Judge Stacey L. Meisel.  The
Debtor estimated under $50,000 in assets and debts of $1 million
to
$10 million.


PIONEER CARRIERS: 100% Recovery for Unsecureds Under Plan
---------------------------------------------------------
Pioneer Carriers, L.L.C., and Transport Dry Freight, L.L.C, filed
with the U.S. Bankruptcy Court for the Southern District of Texas
their joint disclosure statement and plan of reorganization.

Class 15 under the plan consists of the general unsecured claims
against the Debtor. The Debtors estimate that the total amount of
claims in this class -- including the unsecured and non-priority
portions of the claims of secured and priority creditors -- is
$423,370.

The Debtors will pay a total of 100% on these claims. Each May 1st,
beginning on the first May 1st to arrive after the Effective Date
of the Plan, the Debtors will send the creditors in Class 15 the
year-end financial statements of Pioneer and Transport for the
previous calendar year. After payment of all ordinary and necessary
expenses and after payment to Classes 1 through 14, the creditors
in Class 15 will receive 50% of Pioneer and Transport's combined
net cash flow, if any, after payments to secured and priority
creditors in the previous calendar year.

The Debtors will continue distributing the year-end financial
statements and quarterly payments of 50% Net Cash Flow (if any) to
the creditors in Class 15 until these creditors are paid in full.
The Debtors anticipate that once creditors in other classes have
been paid in full, the amounts to be paid to the Class 15 Creditors
will increase as a result of the net cash flow increasing.

The Debtors believe that the proposed plan is feasible. Since
filing the bankruptcy case, the Debtors' cash flow has improved
significantly, due in part to the normal annual business cy-cling
of the oil transportation industry. In addition, the oil and gas
industry appears to be recovering generally from its recent
downturn and the Debtors’ business is recovering along with it.
The Debtors believe that their primary client will be able to
supply them with enough business to fund the proposed plan.
Finally, the merger of Transport into Pioneer will reduce the
combined administrative burden of the Debtors without compromise to
the Debtors' operations.

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

     http://bankrupt.com/misc/txsb16-36356-131.pdf

                 About Pioneer Carriers

Pioneer Carriers, LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S. D. Texas Case No. 16-36356) on December
12, 2016.  The petition was signed by Pedro Lagos, president.  

On February 1, 2017, Transport Dry Freight LLC, an affiliate,
filed
Chapter 11 petition (Bankr. S.D. Tex. Case No. 17-30551).  The
case
is jointly administered with that of Pioneer under Case No.
16-36356.  

The cases are assigned to Judge Jeff Bohm.

At the time of the filing, Pioneer estimated its assets and
liabilities at $1 million to $10 million.  Transport Dry Freight
estimated assets of less than $50,000 and liabilities of less than
$500,000.


PLASCO TOOLING: Taps Angle Advisors as Investment Banker
--------------------------------------------------------
Plasco Tooling & Engineering Corp. seeks approval from the U.S.
Bankruptcy Court for the Eastern District of Michigan to hire an
investment banker.

The Debtor proposes to hire Angle Advisors LLC in connection with
the marketing and sale of substantially all of its business assets.
The services to be provided by the firm include:

     (a) advising the Debtor with respect to financial matters to
         support the sales process;

     (b) work with the Debtor to prepare written presentations;

     (c) identify, qualify and approach potential purchasers,
         including securing nondisclosure agreements and providing

         information;

     (d) prepare with the Debtor a marketing strategy to enhance
         value and complete a sale transaction;

     (e) coordinate with the Debtor's other professionals and with

         lenders and other parties to execute the recommended
         strategy; and

     (f) support the negotiation and structuring of the sale
         transaction.

The firm will be compensated through receipt of a 2.5% success fee
plus reimbursement of its costs and expenses.  Before the Debtor's
bankruptcy filing, the firm received the sum of $22,500 in retainer
payments, plus $2,949.77 in expense reimbursements.

Matt Zwack, a partner at Angle Advisors, 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:

     Matt K. Zwack
     Angle Advisors LLC
     700 East Maple Road, 4th Floor
     Birmingham, MI 48009
     Phone: +1 800.690.1750
     Fax: +1 248.605.9550

            About Plasco Tooling & Engineering Corp.

Headquartered in Romeo, Michigan, Plasco Tooling & Engineering
Corporation -- http://www.plascocorp.com/about-plasco/-- is
globally recognized as a supplier of aircraft and automotive
tooling parts. The Company offers integrated program management,
design, CNC machining, and the manufacture of Invar tools, assembly
jigs, checking fixtures, gages, dies, and more while adhering to
its customers' stringent quality requirements.

The Debtor filed for Chapter 11 bankruptcy protection (Bankr. E.D.
Mich. Case No. 17-49638) on June 29, 2017, estimating its assets
and liabilities at between $1 million and $10 million each.  The
petition was signed by John Zuccarini, president. Judge Mark A.
Randon presides over the case.  

Ryan D. Heilman, Esq., at Wernette Heilman PLLC serves as the
Debtor's bankruptcy counsel.

On July 14, 2017, the U.S. Trustee for Region 9 appointed an
official committee of unsecured creditors.


PRO ENTERPRISES: U.S. Bank to be Paid $5K Monthly at 3% for 40 Yrs.
-------------------------------------------------------------------
Pro Enterprises USA, Inc., and Alejandro Alan Azpurua filed with
the U.S. Bankruptcy Court for the Southern District of Florida a
first amended joint disclosure statement in support of their joint
plan of reorganization, dated July 21, 2017.

Under the latest plan, Class 2 under Pro Enterprises consists of
the allowed secured claim of Dawn REO. The treatment of this class
has been modified as follows:

   (a) The Allowed Secured Claim of Dawn REO) [Claim 11-P] shall be
valued at $1,000,000; The allowed unsecured claim of Dawn REO
[Claim 10-P] shall be valued at $183,590.16;

   (b) The Secured Creditor, Dawn REO, shall retain all lien rights
against the subject real property to the extent of the above
valuation;

   (c) The Allowed Secured Claim of Dawn REO will be paid pursuant
to the terms of the Settlement Agreement to be approved by this
Court prior to Confirmation.

   (d) Loan Modification. Dawn REO and the Pro Enterprises Parties
shall enter into a loan modification agreement and shall execute
renewal loan documents to reflect modified loan terms based on the
terms of the Settlement Agreement.

The original plan stated that the Allowed Secured Claim of Dawn REO
shall be valued at $950,000. Dawn REO, shall retain all lien rights
against the subject real property to the extent of the above
valuation. The Allowed Claim of Dawn REO will be paid in full
Within five years from the Effective Date of the Plan as follows:
(i) The allowed secured claim will be paid in monthly payments due
on or before the 20th day of each month subsequent to the Effective
Date based on a 20 year amortization schedule at 4.5% interest for
five years, with a balloon payment on the remaining balance payable
at the end of the fifth year; and (ii) payment may occur earlier
without penalty based upon a sale or refinancing of the subject
real property.

Class 2 under Alejandro Alan Azpurua consists of the Allowed
Secured Claim of U.S. Bank, N.A. Pursuant to the agreement reached
between the Debtor and U.S. Bank resulting in a loan modification
pursuant to the MMM Program, the Debtor shall pay the allowed claim
of US Bank in the amount of $1,495,000 at 3% interest in 480 equal,
monthly payments in the amount of $5,351.87. The Class 2 Claim is
Impaired.

The previous plan proposed to pay U.S. Bank  in full within five
years from the Effective Date of the Plan as follows: (i) The
allowed secured claim will be paid in monthly payments due on or
before the 20th day of each month subsequent to the Effective Date
based on a 30 year amortization schedule at 4% interest for five
years, with a balloon payment on the remaining balance payable at
the end of the fifth year; and (ii) payment may occur earlier
without penalty based upon a sale or refinancing of the subject
real property.

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

     http://bankrupt.com/misc/flsb16-16317-129.pdf

              About Pro Enterprises USA

Pro Enterprises USA, Inc. dba ProMed USA, dba ProPharma, aka
ProMed, fdba ProMedCo, aka Pro Enterprises filed a Chapter 11
petition (Bankr. S.D. Fla. Case No. 16-16317) on April 29, 2016.  
The petition was signed by Alejandro Alan Azpurua,
president/CEO.

The case is assigned to Judge Jay A. Cristol. The Debtor is
represented by Chad P. Pugatch, Esq., at Rice Pugatch Robinson
Storfer & Cohen, PLLC. At the time of the filing, the Debtor
estimated both assets and liabilities at $1 million to $10
million.

A list of the Debtor's seven largest unsecured creditors is
available for free at http://bankrupt.com/misc/flsb16-16317.pdf  

The Debtor has retained Fresh Start Tax, LLC as accountant.


PROSPECTOR OFFSHORE: Wants to Use Cash Collateral to Pay Lease
--------------------------------------------------------------
Prospector Offshore Drilling S.a r.l. ("Prospector Parent");
Prospector Rig 1 Contracting Company S.a r.l.; Prospector Rig 5
Contracting Company S.a r.l.; and Paragon Offshore plc (in
administration) seek authority from the U.S. Bankruptcy Court for
the District of Delaware to use cash collateral.

The New Debtors intend to use cash collateral to make monthly lease
payments under the Lease Agreements, and for working capital and
other general purposes in the ordinary course of their businesses,
and for costs and expenses incurred in the chapter 11 cases.

Paragon Parent completed an acquisition of Prospector Parent and
its subsidiaries by acquiring all of the issued and outstanding
shares in Prospector Parent, which expanded Paragon Parent's
drilling fleet by adding two additional high specification jackup
rigs in the U.K. North Sea, Prospector 1 and Prospector 5.

The Rigs currently generate monthly revenues totaling approximately
$10.5 million in the aggregate, of which approximately $3.4 million
is used for monthly rental payments on the Rigs (approximately $1.3
for Prospector 1 and approx. $2.1 for Prospector 5), and, on
average approximately $3.5 million is used to pay for operating
expenses, leaving, on average, approximately $3.6 million for use
by the Prospector Entities.

At the time of the Prospector Acquisition, two of Prospector
Parent's non-Debtor subsidiaries, Prospector Rig 1 Owning Company
S.a r.l. and Prospector Rig 5 Owning Company S.a r.l., owned the
Rigs. As part of a Sale-Leaseback Transaction, the Prospector Rig
Owning Companies entered into:  

     -- the Memorandum of Agreement in Respect of Self-Elevating
Drilling Unit "Prospector 1" between Prospector One Corporation and
Prospector Rig 1 Owning Company S.a r.l.; and

     -- the Memorandum of Agreement in Respect of Self-Elevating
Drilling Unit "Prospector 5" between Prospector Five Corporation
and Prospector Rig 5 Owning Company S.a r.l.

Pursuant to these agreements, the Prospector Rig Owning Companies
agreed to sell the Rigs to the Third Party Lessors, which are
subsidiaries of SinoEnergy Capital Management, Ltd., for an
aggregate sale price of approximately $300 million. The sales of
the Rigs closed on July 24, 2015. In connection with these sales,
the Third Party Lessors entered into agreements to lease the Rigs
to Prospector Rig 1 Contracting Company S.a r.l. and Prospector Rig
5 Contracting Company S.a r.l. (collectively, the "Lessee
Debtors").  

To secure obligations arising under the Sale-Leaseback Agreements,
the Lessee Debtors granted security interests in their rights,
title, and interest in the monies credited, paid, or caused to be
credited to certain "Pledged Accounts" and all proceeds to
Industrial and Commercial Bank of China, New York Branch, as
security agent. As additional security, Paragon Parent pledged its
shares in Prospector Parent in favor of ICBC and Prospector Parent
issued guarantees and pledged its shares in the Lessee Debtors to
ICBC.

The Pledge Agreements provide that the Lessee Debtors may not make
withdrawals from Earnings Accounts, Rental Reserve Accounts, Capex
Reserve Accounts, Opex Reserve Accounts, and Dividend Lock-up
Accounts without the prior written consent of ICBC. As of the
Petition Date, there is approximately $10.63 million in the
Earnings Accounts, $32.31 million in the Rental Reserve Accounts,
$3 million in the Capex Reserve Accounts, and $3.31 million in the
Opex Reserve Accounts. The Lessee Debtors, Prospector Parent, and
certain non-debtor subsidiaries of Prospector Parent also own
certain bank accounts that are not subject to the Pledge Agreements
or other Security Documents and, as of the Petition Date, hold
approximately $17 million in the aggregate.

The New Debtors have not had access to their Cash Collateral since
the Petition Date and need funds primarily to make monthly lease
payments due under the Lease Agreements, pay operating expenses
relating to the ordinary course operations of the Rigs, and pay
employees and other expenditures that are critical to their
continued viability and ability to reorganize their capital
structure.

The Lessee Debtors are obligated to make payments totaling
approximately $373 million, in the aggregate, over the course of
the Lease Term (including cash rental payments and repurchase
obligations). As of the Petition Date, the principal amount
outstanding under the Sale-Leaseback Agreements is approximately
$166 million in the aggregate.

Accordingly, the New Debtors will grant replacement liens to ICBC
on all property and assets of the New Debtors, and all proceeds,
rents, or profits thereof, that were subject to the Prepetition
Liens, to secure an amount of the Prepetition Obligations equal to
the aggregate diminution in the value of ICBC's interests in the
Prepetition Collateral occurring from and after the Petition Date.
In addition, ICBC will be granted superpriority claim which will
have priority in payment over any and all administrative expense
claims of any kind under the Bankruptcy Code.

A full-text copy of the Debtor's Motion, dated July 20, 2017, is
available at http://tinyurl.com/yapmou3d


                         About Paragon Offshore

Paragon Offshore -- http://www.paragonoffshore.com/-- is a
provider of standard specification offshore drilling units serving
the oil and gas industry.  The Company's fleet consists of 32
jackups and six floaters (four drillships and two
semisubmersibles).  In addition, Paragon is the majority
shareholder of Prospector Offshore Drilling S.A., a publicly traded
offshore drilling company on the Oslo Axess stock exchange that
owns and operates two high specification jackups. Paragon also
performs drilling operations on the Hibernia Platform offshore
Eastern Canada.  The Company operates in significant
hydrocarbon-producing geographies throughout the world, including
Mexico, Brazil, the North Sea, West Africa, the Middle East, India
and Southeast Asia.  Paragon's shares are traded on the New York
Stock Exchange under the symbol 'PGN.'

Prospector Offshore Drilling S.a r.l. aka Prospector Offshore
Drilling S.A.; Prospector Rig 1 Contracting Company S.a r.l.;
Prospector Rig 5 Contracting Company S.a r.l.; and Paragon Offshore
plc (in administration) filed separate Chapter 11 petitions (Bankr.
D. Del. Case Nos. 17-11572, 17-11573, 17-11574 and 17-11575,
respectively), on July 20, 2017. Judge Christopher S. Sontchi is
assigned to the cases.

The petitions were signed by Lee M. Ahlstrom as senior vice
president and chief financial officer. At the time of filing, the
Debtors reported estimated assets and liabilities ranging between
$1 billion to $10 billion.

The Debtors engaged Gary T. Holtzer, Esq. and Stephen A. Youngman,
Esq. at Weil, Gotshal & Manges LLP as counsel; and Mark D. Collins,
Esq., Amanda R. Steele, Esq., and Joseph C. Barsalona II, Esq. at
Richards, Layton & Finger, P.A. as co-counsel.

The Debtors tapped Lazard Freres & Co. LLC as financial advisor;
Alixpartners, LLP, as restructuring advisor; and Kurtzman Carson
Consultants as claims and noticing agent.

On February 14, 2016, Paragon Offshore plc and certain of its
affiliates each commenced a voluntary case under chapter 11 of the
Bankruptcy Code. On July 18, 2017, the First Filers' Chapter 11
plan of reorganization became effective. The First Filers are:

    Debtor                                           Case No.
    ------                                           --------
    Paragon Offshore Drilling LLC                    Bankr. D. Del.
16-10385
    Paragon Offshore plc                             Bankr. D. Del.
16-10386
    Paragon Drilling Services 7 LLC                  Bankr. D. Del.
16-10387
    Paragon Offshore Finance Company                 Bankr. D. Del.
16-10388
    Paragon Offshore Leasing (Switzerland) GmbH      Bankr. D. Del.
16-10389
    Paragon Offshore do Brasil Ltda.                 Bankr. D. Del.
16-10390
    Paragon International Finance Company            Bankr. D. Del.
16-10391
    Paragon Asset (ME) Ltd.                          Bankr. D. Del.
16-10392
    Paragon Offshore Holdings US Inc.                Bankr. D. Del.
16-10393
    Paragon Asset (UK) Ltd.                          Bankr. D. Del.
16-10394
    Paragon FDR Holdings Ltd.                        Bankr. D. Del.
16-10395
    Paragon Offshore International Ltd.              Bankr. D. Del.
16-10396
    Paragon Offshore (North Sea) Ltd.                Bankr. D. Del.
16-10397
    Paragon Duchess, Ltd.                            Bankr. D. Del.
16-10398
    Paragon (Middle East) Limited                    Bankr. D. Del.
16-10399
    Paragon Offshore (Luxembourg) S. r.l.            Bankr. D. Del.
16-10400
    Paragon Holding NCS 2 S.a.r.l.                   Bankr. D. Del.
16-10401
    Paragon Leonard Jones LLC                        Bankr. D. Del.
16-10402
    PGN Offshore Drilling (Malaysia) Sdn. Bhd.       Bankr. D. Del.
16-10403
    Paragon Offshore (Nederland) B.V.                Bankr. D. Del.
16-10404
    Paragon Offshore Contracting GmbH                Bankr. D. Del.
16-10405
    Paragon Offshore (Labuan) Pte. Ltd.              Bankr. D. Del.
16-10406
    Paragon Holding SCS 2 Ltd.                       Bankr. D. Del.
16-10407
    Paragon Asset Company Ltd.                       Bankr. D. Del.
16-10408
    Paragon Holding SCS 1 Ltd.                       Bankr. D. Del.
16-10409
    Paragon Offshore Leasing (Luxembourg) S.a r.l.   Bankr. D. Del.
16-10410   


PUERTO RICO: Oversight Board Appoints Revitalization Coordinator
----------------------------------------------------------------
The Financial Oversight and Management Board for Puerto Rico
created by Congress under the bipartisan Puerto Rico Oversight,
Management and Economic Stability Act confirmed July 24, 2017, the
appointment of Noel Zamot as Revitalization Coordinator.

Born and raised in Puerto Rico, Mr. Zamot is a fully bilingual
senior executive with 25 years of experience in the aerospace and
defense (A&D) industry with a proven track record in government,
large-scale commercial enterprises and startup ventures.  He will
be tasked with identifying, coordinating and accelerating the
execution of critical infrastructure projects in Puerto Rico
through Title V of the Puerto Rico Oversight, Management and
Economic Stability Act (PROMESA).

The Oversight Board has concentrated its efforts on the three
critical areas that will move Puerto Rico's turnaround towards
recovery: debt restructuring, fiscal reform and economic
development.  In the area of economic development, PROMESA provides
a powerful tool to aid Puerto Rico's recovery with Title V and the
Critical Project Process.  The newly appointed Revitalization
Coordinator will lead the implementation of this process which will
positively impact the Island's economic activity and job creation
through energy and infrastructure
capital improvements.

"The success of PROMESA's Title V mandate is based on the strength
of the partnership between local and federal government agencies
and private investors to support critically needed economic growth
in Puerto Rico.  Noel Zamot's successful career and multifaceted
experience interfacing between the government and the private
sector in critical defense infrastructure areas will allow him to
hit the ground running to foster strategic infrastructure
investment expeditiously," said Jose B. Carrion, Chairman of the
Oversight Board, who noted that the Governor of Puerto Rico,
Ricardo Rossello Nevares, was consulted and agreed on the
designation.

Under Zamot's leadership, and in coordination with Government of
Puerto Rico officials, the Oversight Board will evaluate project
submissions and designate projects that meet the criteria
established in PROMESA for energy and infrastructure projects that
address critical needs and help jumpstart the economy.  This
designation will enable expedited permitting processes that will
allow key infrastructure projects to be delivered faster with the
consequent positive impact on job growth.

"I am honored by this opportunity to serve and give back to Puerto
Rico, my birthplace, and contribute to its success.  Over more than
two decades of professional experience I have seen firsthand how
investments in infrastructure can have a catalyzing effect on
economic growth and prosperity.  I look forward to working with
government and the private sector to establish the conditions for
future growth and to increase investment in our island.  I am
committed to exceeding the expectations of the Oversight Board, and
plan to devote all my energy to working with them and the Executive
Director to achieve the objectives ahead," said Zamot.

Zamot's appointment ends the interim role served by Aaron C.
Bielenberg, who is credited by the Oversight Board for developing
and putting in place the criteria and processes for the Critical
Projects Program.

"We thank Mr. Bielenberg for establishing the bases for this
program, which is paramount to propel short and long-term economic
development, create jobs and bring back opportunity to all in
Puerto Rico as soon as possible.  He worked closely with the
Oversight Board and the Government of Puerto Rico developing the
fiscal plans for the Commonwealth as well as for key covered
instrumentalities, such as PREPA, PRASA and the HTA, laying the
foundation for the pipeline of P3 and other critical energy and
infrastructure projects to be expedited in Puerto Rico.  His
contribution was extremely valuable and we look forward to having
him continue to assist us as part of our consulting team.  The
groundwork is in place and we look forward to having Mr. Zamot
promptly take it to the next level.  He brings a progressive
vision, a broad set of skills, experience and constructive judgment
that will quickly translate into visible results," added Oversight
Board Executive Director Natalie Jaresko.

Noel Zamot's professional background includes work at the United
States Space Command at the Peterson Air Force Base in Colorado,
NATO, and the Wyle Aerospace Group's Acquisition Management
Division.  He founded Corvus Analytics, a cyber-security firm that
currently delivers cutting edge security and assured autonomy
solutions to clients in aviation, autonomous systems, robotics and
critical infrastructure.

Zamot holds an MBA from the Sloan School of Management at MIT; an
MA from the National Security Strategy, National Defense
University, Ft McNair, Washington, DC; an MS in Aerospace
Engineering from the University of Michigan; an SB, in Aeronautical
and Aerospace Engineering from MIT; and a Management Degree from
Escuela de Administracion de Empresas para Graduados (ESAN) in
Lima, Peru.  Zamot is also a Graduate of the USAF Test Pilot School
at Edwards AFB in California.

Contact:

         Jose Luis Cedeno
         Tel: 787-400-9245
         E-mail: jcedeno@forculuspr.com

         Edward Zayas
         Tel: 787-975-8696
         E-mail: ezayas@forculuspr.com

         info@forculuspr.com

Board's Contact Information:

         E-mail: comments@oversightboard.pr.gov
         Web site: www.oversightboard.pr.gov

                       About Puerto Rico

Puerto Rico is a self-governing commonwealth in association with
the United States that's facing a massive bond debt of $70
billion, a 68% debt-to-GDP ratio and negative economic growth in
nine of the last 10 years.

The Commonwealth of Puerto Rico has sought bankruptcy protection,
aiming to restructure its massive $74 billion debt-load and $49
billion in pension obligations.

The debt restructuring petition was filed by Puerto Rico's
financial oversight board in U.S. District Court in Puerto Rico
(Case No. 17-01578) on May 3, 2017, and was made under Title III
of 2016's U.S. Congressional rescue law known as the Puerto Rico
Oversight, Management, and Economic Stability Act ("PROMESA").

The Financial Oversight and Management Board later commenced Title
III cases for the Puerto Rico Sales Tax Financing Corporation
(COFINA) on May 5, 2017, and the Employees Retirement System (ERS)
and the Puerto Rico Highways and Transportation Authority (HTA) on
May 21.  On July 2, 2017, a Title III case was commenced for the
Puerto Rico Electric Power Authority ("PREPA").

U.S. Chief Justice John Roberts has appointed U.S. District Judge
Laura Taylor Swain to oversee the Title III cases.  The Honorable
Judith Dein, a United States Magistrate Judge for the District of
Massachusetts, has been designated to preside over matters that
may be referred to her by Judge Swain, including discovery
disputes, and management of other pretrial proceedings.

Joint administration of the Title III cases, under Lead Case No.
17-3283, was granted on June 29, 2017.

The Oversight Board has hired as advisors, Proskauer Rose LLP and
O'Neill & Borges LLC as legal counsel, McKinsey & Co. as strategic
consultant, Citigroup Global Markets as municipal investment
banker, and Ernst & Young, as financial advisor.

Martin J. Bienenstock, Esq., Scott K. Rutsky, Esq., and Philip M.
Abelson, Esq., of Proskauer Rose; and Hermann D. Bauer, Esq., at
O'Neill & Borges are onboard as attorneys.

McKinsey & Co. is the Board's strategic consultant, Ernst & Young
is the Board's financial advisor, and Citigroup Global Markets
Inc. is the Board's municipal investment banker.

Prime Clerk LLC is the claims and noticing agent.  Prime Clerk
maintains a case web site at:

           https://cases.primeclerk.com/puertorico

Epiq Bankruptcy Solutions LLC is the service agent for ERS, HTA,
and PREPA.

O'Melveny & Myers LLP is counsel to the Commonwealth's Puerto Rico
Fiscal Agency and Financial Advisory Authority (AAFAF), the agency
responsible for negotiations with bondholders.

The Oversight Board named Professor Nancy B. Rapoport as fee
examiner and to chair a committee to review professionals' fees.

                      Bondholders' Attorneys

Toro, Colon, Mullet, Rivera & Sifre, P.S.C. and Kramer Levin
Naftalis & Frankel LLP serve as counsel to the Mutual Fund Group,
comprised of mutual funds managed by Oppenheimer Funds, Inc.,
Franklin Advisers, Inc., and the First Puerto Rico Family of
Funds,
which collectively hold over $3.5 billion in COFINA Bonds and over
$2.9 billion in other bonds issued by Puerto Rico and other
instrumentalities, including over $1.8 billion of Puerto Rico
general obligation bonds ("GO Bonds").

White & Case LLP and Lopez Sanchez & Pirillo LLC represent the UBS
Family of Funds and the Puerto Rico Family of Funds, which hold
$613.3 million in COFINA bonds.

Paul, Weiss, Rifkind, Wharton & Garrison LLP, Robbins, Russell,
Englert, Orseck, Untereiner & Sauber LLP, and Jimenez, Graffam &
Lausell are co-counsel to the ad hoc group of General Obligation
Bondholders, comprised of Aurelius Capital Management, LP,
Autonomy Capital (Jersey) LP, FCO Advisors LP, Franklin Mutual
Advisers LLC, Monarch Alternative Capital LP, Senator Investment
Group LP, and Stone Lion Capital Partners L.P.

Quinn Emanuel Urquhart & Sullivan, LLP and Reichard & Escalera are
co-counsel to the ad hoc coalition of holders of senior bonds
issued by COFINA, comprised of at least 30 institutional holders,
including Canyon Capital Advisors LLC and Varde Investment
Partners, L.P.

Correa Acevedo & Abesada Law Offices, P.S.C., is counsel to Canyon
Capital Advisors, LLC, River Canyon Fund Management, LLC, Davidson
Kempner Capital Management LP, OZ Management, LP, and OZ
Management II LP (the QTCB Noteholder Group).

                            Committees

The U.S. Trustee formed a nine-member Official Committee of
Retirees and a seven-member Official Committee of Unsecured
Creditors of the Commonwealth.  The Retiree Committee tapped
Jenner & Block LLP and Bennazar, Garcia & Milian, C.S.P., as its
attorneys.   The Creditors Committee tapped Paul Hastings  LLP and
O'Neill & Gilmore LLC as counsel.


QEP RESOURCES: S&P Affirms 'BB+' CCR on Announced Asset Sale
------------------------------------------------------------
On July 25, 2017, S&P Global Ratings affirmed its 'BB+' corporate
credit rating on Denver-based QEP Resources Inc. The outlook is
stable.

S&P said, "At the same time, we affirmed the 'BB+' issue-level
rating on the company's unsecured debt. The recovery rating remains
'3' for the company's unsecured debt, which indicates our
expectation for meaningful (50%-70%; rounded estimate: 55%)
recovery in the event of default."

The affirmation follows QEP's announcement that it is selling all
of its assets in the Pinedale for $740 million and other non-core
assets in southwestern Wyoming for $37.5 million. The divested
properties made up about 20% of the company's year-end 2016
SEC-proved reserves of 4.4 trillion cubic feet equivalent (cfe) and
about 27% of its 2016 average daily production of 260,000 cfe of
production per day. S&P said, "The Pinedale assets consists of
mostly natural gas with only 12% consisting of liquids and we
estimate that QEP's margins will improve as a result of the sale.
We expect the company will use the proceeds to fund development of
its Permian assets as it tries to increase the proportion of
liquids in its production and reserve base. We also note that the
company has expressed interest in adding to its existing Permian
acreage position.

"The stable outlook reflects our expectation that the company will
maintain FFO to debt well above 20% and debt to EBITDA below 4x
over the next two years. We believe that development of its Permian
acreage and increase in liquids production will allow leverage to
improve and be maintained at modest levels.

"We would consider a downgrade should FFO to debt approach 20% and
debt to EBITDA approach 4x on a sustained basis. This could occur
if production doesn't materialize as expected while still
outspending cash flows to develop reserves, if costs inflation
occurs higher than expected or if commodity prices decrease
significantly.

"We could consider an upgrade if QEP increases its oil and gas
reserves and production to a scale commensurate with higher-rated
peers without significant deterioration in its operating costs or
capital structure."


QUALITY CARE: Moody's Cuts CFR to Caa1 After Default Notice on HCR
------------------------------------------------------------------
Moody's Investors Service downgraded Quality Care Properties,
Inc.'s (QCP) ratings, including its corporate family rating (CFR)
to Caa1 from B3. The ratings remain on review for further
downgrade. The rating action follows QCP's announcement on July 21
that it had delivered a notice of event of default to its principal
tenant, HCR ManorCare (HCR). HCR is the tenant and operator of
substantially all of QCP's properties, which represented 94% of the
REIT's total revenue as of March 31, 2017.

The following ratings were downgraded and placed on review for
downgrade:

Corporate family rating to Caa1 from B3,

First lien term loan rating to Caa1 from B3,

First lien credit facility rating to Caa1 from B3,

Second lien note rating to Caa2 from Caa1.

The ratings downgrade reflects Moody's view that continued
disruptions in cash flows from HCR will lead to material
deterioration in QCP's operating profits and liquidity as well as
the high likelihood of a covenant breach under the REIT's secured
credit facility. QCP's headroom over its debt service coverage
ratio covenant was good, close to 30% as of March 31, 2017.
However, Moody's estimates that due to the continued deterioration
in HCR's operating performance and its non-payment of full rent due
to QCP for several months in 2017, QCP's covenant cushion will fall
significantly and require covenant relief by Q1 2018 or sooner.

The rating action was also prompted by the increasing uncertainty
around QCP's ability to restructure its master lease agreement with
HCR out of court. Under the HCR bankruptcy scenario, HCR bankruptcy
would likely constitute a material adverse effect on QCP's
operations, resulting in an event of default on QCP's own debt
obligations. In addition, because HCR accounts for substantially
all of its portfolio, QCP will face significant challenges
executing its portfolio repositioning. This will likely include
property re-tenanting and selective asset sales, which could be
lengthy and costly. Even under the more optimistic scenario that
assumes QCP reaches a sustainable lease restructuring out of court,
Moody's expects that QCP's credit metrics would still weaken
materially because an out-of-court restructuring will require a
substantial reduction in HCR's liabilities, including rent payments
to QCP.

In its July 21, 2017 SEC Form-8K filing, QCP reported that HCR's
non-payment of current and past due rent in the amount of $79.6
million constitutes an event of default under HCR's master lease
agreement. The event of default requires the immediate payment of
an additional $265 million of HCR's deferred rent obligation and
permits QCP to terminate the master lease agreement, appoint
receivers or exercise other remedies with respect to QCP properties
leased by HCR.

RATINGS RATIONALE

QCP's current Caa1 corporate family rating (under review for
downgrade) reflects significant tenant concentration to HCR
Healthcare LLC (unrated), exposure to the heavily regulated skilled
nursing (SNF) segment and a negligible unencumbered asset pool.
Even though QCP does not have significant debt maturities until
2021, its liquidity position is weak due to the high likelihood of
covenant breach under the credit agreement. These credit challenges
are counterbalanced by QCP's position as one of the largest
landlords in SNF segment, good geographic diversification,
meaningful income potential from the assisted living and memory
care assets and moderate leverage.

The ratings review will focus on QCP's ultimate strategic
direction, developments with respect to managing its relationship
with HCR, covenant compliance under the secured credit facility,
and liquidity outlook, including rent collections from HCR.

A return to a stable rating outlook would be predicated upon QCP's
ability to demonstrate adequate liquidity, including sufficient
covenant cushion, consistently above 15-20%. It will also require
that QCP successfully restructures its lease agreement with HCR or
executes on portfolio repositioning.

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

Headquartered in Bethesda, Maryland, Quality Care Properties, Inc.
is a real estate company focused on postacute/skilled nursing and
memory care/assisted living properties. QCP's properties are
located in 29 states and include 257 post-acute/skilled nursing
properties, 61 memory care/assisted living properties, a surgical
hospital and a medical office building as of July 21, 2017.


REAM PROPERTIES: Plan Confirmation Hearing Set for Sept. 7
----------------------------------------------------------
Judge Robert N. Opel, II of the U.S. Bankruptcy Court for the
Middle District of Pennsylvania approved the Ream Properties, LLC's
second disclosure statement referring to a second amended plan
filed on May 23, 2017.

August 25, 2017, is fixed as the last day for submitting written
acceptances or rejections of the second amended plan.

August 25, 2017, is fixed as the last day for filing and serving
written objections to confirmation of the second amended plan.

August 31, 2017, is fixed as the last day for filing with the Court
a tabulation of ballots accepting or rejecting the plan.

Sept. 7, 2017, at 10:00 a.m. in the Bankruptcy Courtroom, Third
Floor, The Ronald Reagan Federal Building, Third and Walnut
Streets, Harrisburg, Pennsylvania, is fixed for the hearing on the
confirmation of the plan.

The Troubled Company Reporter previously reported that under the
plan, creditors holding allowed Class 3 unsecured non-priority
claims will receive a total payment of $18,000.  Unsecured
creditors will receive a monthly payment of $300 for a period of 60
months.

Payments will be disbursed quarterly by counsel for Ream
Properties. Class 3 is impaired and unsecured creditors are
entitled to vote.

A full-text copy of the second amended disclosure statement is
available for free at:

                  https://is.gd/JSEsW2
    
                 About Ream Properties

Ream Properties, LLC, was formed in 2008 for the purpose of
rehabbing and renting affordable properties in the greater
Harrisburg area resulting in the restoration of properties to the
tax and utility roles.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. M.D. Pa. Case No. 15-02980) on July 15, 2015, listing
under $1 million in assets and liabilities.

Craig A. Diehl, Esq., at the Law Offices of Craig A. Diehl serves
as the Debtor's bankruptcy counsel.


RED ROCKS: Aug. 2 Hearing on Patient Care Ombudsman Appointment
---------------------------------------------------------------
Pursuant to 11 U.S.C. Section 333(a)(1), the Court must order the
appointment of a patient care ombudsman within 30 days after the
commencement of the case, unless the Court finds that the
appointment of an ombudsman is not necessary for the protection of
patients under the specific facts of the case.

The U.S. Bankruptcy Court for the Northern District of Texas sets a
hearing on Aug. 2, 2017, at 1:30 p.m., to determine the issue of
whether or not a patient care ombudsman must be appointed in the
Chapter 11 case of Red Rocks Nursing Operations LLC.

The Debtor is directed to immediately serve notice to the
governmental regulatory authority, which regulates the Debtor's
business.  In order to provide the governmental regulatory
authority the ability to readily identify the Debtor's files, the
Debtor is directed to furnish the following information to the
governmental regulatory authority:

   A. All license numbers or other regulatory identification
numbers;

   B. All DBAs or trade names under which the Debtor operates;

   C. And the location of all of the Debtor's operating facilities,
including street and P.O. Box
addresses.

Red Rocks Nursing Operations LLC filed a Chapter 11 petition
(Bankr. N.D. Tex. Case No. 17-42799) on July 3, 2017, and is
represented by Jeff P. Prostok, Esq., at Forshey & Prostok, LLP.


REGAL ENTERTAINMENT: S&P Upgrades CCR to 'BB-', Outlook Stable
--------------------------------------------------------------
S&P Global Ratings raised its corporate credit ratings on
Knoxville, Tenn.-based movie exhibitor Regal Entertainment Group
and its operating subsidiary Regal Cinemas Corp. (collectively,
Regal) by one notch to 'BB-' from 'B+'. The rating outlook is
stable.

S&P said, "At the same time, we raised our issue-level rating on
the company's senior secured debt to 'BB+' from 'BB'. The '1'
recovery rating is unchanged, indicating our expectation for very
high recovery (90%-100%; rounded estimate: 95%) of principal in the
event of a payment default.

"We also raised our issue-level rating on the company's senior
unsecured debt to 'B+' from 'B'. The '5' recovery rating is
unchanged, indicating our expectation for modest recovery (10%-30%;
rounded estimate: 10%) of principal in the event of a payment
default.

"The upgrade reflects our expectation that Regal's revenue and
EBITDA will continue to grow at a low- to mid-single-digit
percentage rate, the company will use most of its excess cash flow
for theater enhancements, and its leverage will remain at the
low-4x area over the next 12-18 months. The upgrade is also based
on our view that the company's financial policy has shifted to
place more emphasis on investing cash flow back into the business,
while moderating the pace of shareholder returns. Regal hasn't paid
a special dividend since 2014, and it has accelerated its capital
spending program related to installing luxury recliners and premium
concessions. We believe the company will continue to prioritize its
excess cash flow mainly toward investing in theaters because it
must maintain its competitiveness and differentiate itself from
in-home viewing options.

"The stable outlook reflects our expectation that Regal will
maintain liquidity of at least $100 million and adjusted leverage
below 4.5x over the next 12-18 months, despite the company's plans
for continued investment in its circuit and potential fluctuations
in box office performance.

"We could lower the corporate credit rating if the company's
operating performance weakens or if its financial policy becomes
more aggressive through significant debt-financed acquisitions or
shareholder return initiatives, resulting in sustained leverage
above 4.5x. These scenarios could occur if theater attendance
declines faster than we expect over the next year, causing revenue
to decrease and EBITDA margins to contract, together with increased
capital spending, acquisitions or shareholder distributions. While
we view it as unlikely, wholesale changes to the traditional
theatrical release window or the adoption of PVOD without adequate
compensation to the exhibitors could also lead to a downgrade.

"Although unlikely, we could raise the rating if Regal maintains
its EBITDA margin and reduces lease-adjusted leverage to below 3.5x
on a sustained basis. This would likely entail Regal implementing a
more conservative financial policy to reduce leverage and
moderating its investment plans to support these objectives."


RICKY WILLIAMSON: Sale of Sunflower Property to Pay Planters Okayed
-------------------------------------------------------------------
Judge Neil P. Olack of the U.S. Bankruptcy for the Northern
District of Mississippi authorized Ricky D. Williamson and Cindy M.
Williamson to sell real property described as 312 Acres Hunting
Land in Sunflower County Co-Owner-Marwill Skallion, Jr., located at
the West One-Half of Section 22, Township 24 North, Range 4 West,
Sunflower County, Mississippi, to Steve Skelton for an amount
sufficient to satisfy the deed of trust in favor of Planters Bank &
Trust Co. and to significantly reduce the amount owing to Pinnacle
Agriculture Distribution, Inc.

The closing agent is authorized to accept the sale proceeds and to
pay from said funds the Sellers' portion of the closing costs,
being one-half of the deed preparation, one-half of the owner title
insurance/search fee, one-half of the recording fees and one-half
of the closing attorney fees.  The balance of the closing costs,
including the real estate commission, will be paid by the Buyer.

The closing agent is further authorized to pay the indebtedness
owing to Planters Bank and then to pay Debtor Ricky D. Williamson's
one-half of the balance of the proceeds after payment of the
Sellers' portion of the closing costs as set out, the payment to
Planters Bank and proration of taxes, to Pinnacle Agriculture.  The
remaining one-half of the proceeds, after the payment of his
one-half of the closing costs and taxes, will be paid to the
co-owner, Marwill Scallion, Jr., who agrees to the terms of the
sale and will execute a deed to the subject property conveying his
one-half interest therein to the Buyer.

The sale of the property described will be made subject to that
certain WRP easement pursuant to Instrument No. 2008005277 dated
June 25, 2008, filed in the land records of Sunflower County in
Indianola, Mississippi, and said easement will reflected as an
exception in the deed.  Any and all unpaid and/or outstanding
property and/or privilege taxes owing and/or to be owed on the
subject property, will be prorated as of the date of closing.

Ricky D. Williamson and Cindy M. Williamson sought Chapter 11
protection (Bankr. N.D. Miss. Case No. 16-10672) on Feb. 26, 2016.


S B BUILDING ASSOCIATES: Examiner Hires Mercadien as Accountant
---------------------------------------------------------------
Frank Pina, the Chapter 11 Examiner of S B Building Associates
Limited Partnership, et al., seeks authority from the U.S.
Bankruptcy Court for the District of New Jersey to employ
Mercadien, P.C., as his accountant.

The Examiner requires Mercadien to:

   a. provide forensic and investigative consulting services in
      relation to certain transactions and activities of the
      Debtor; and

   b. analyze the Debtors' books and records and underlying
      support.

Mercadien will be paid at these hourly rates:

     Principals                    $410
     Managers                      $260
     Accountants                   $118-$210
     Paraprofessionals             $85

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

Donald F. Conway, principal of Mercadien, P.C., assured the Court
that the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtors and their estates.

Mercadien can be reached at:

     Donald F. Conway
     MERCADIEN, P.C.
     P.O. Box 7648
     Princeton, NJ 08543-7648
     Tel: (609) 689-9700
     Fax: (609) 689-9720

                   About S B Building Associates
                        Limited Partnership

Morristown, New Jersey-based S B Building Associates Limited
Partnership, SB Milltown Industrial Realty Holdings, LLC, and Alsol
Corporation filed separate Chapter 11 bankruptcy petitions (Bankr.
D. N.J. Lead Case No. 13-12682) on Feb. 11, 2013. Judge Vincent F.
Papalia presides over the consolidated cases. Alsol's petition
disclosed $1 million to $10 million in assets and liabilities.

The Debtors S B Building Associates Limited Partnership (Bankr.
D.N.J., Case No. 13-12682) and SB Milltown Industrial Realty
Holdings, LLC (Bankr. D.N.J., Case No. 13-12685) filed on February
11, 2013. The Debtor 190 South Street Realty Holdings, L.P. (Case
No. 15-14558), filed on March 16, 2015; 199 Realty Corp., (Case No.
15-14776) filed on March 7, 2013; 3920 Park Avenue Associates, L.P.
(Case No. 16-14923), filed on March 16, 2016.

They are represented by Morris S. Bauer, Esq. at Norris McLaughlin
& Marcus, in Bridgewater, New Jersey; Joseph R Zapata, Jr., Esq.,
at Mellinger, Sanders & Kartzman, LLC; Gregory J Cannon, Esq., at
Berger & Bornstein, LLC; and Elizabeth K. Holdren, Esq., at Hill
Wallack.

Frank Pina, was duly appointed as the Chapter 11 Examiner in the
case. The Examiner hired Trenk DiPasquale Della Fera & Sodono,
P.C., as attorney.


S&S HOLDING: Hires Ann Brennan Law as Counsel
---------------------------------------------
S&S Holding Company LLC seeks authorization from the U.S.
Bankruptcy Court for the District of Massachusetts to employ Ann
Brennan Law Offices as counsel to the Debtor.

The Debtor requires Ann Brennan Law to:

     a. give the Debtor legal advice with respect to its powers,
duties and responsibilities in the continued operation of business
and management of the property;

     b. prepare on behalf of the Debtor necessary applications,
answers, statements, complaints, orders, reports and other legal
papers;

     c. represent the Debtor relative to all other matters
incidental to the petition herein;

     d. perform all other legal services for the Debtor as may be
necessary.

The Debtor agreed to pay a retainer of $5,000. Prior to the filing,
Ann Brennan received a retainer in the amount of $1,018 and the
filing fee of $1,717.

Ann Brennan, Esq., at the Ann Brennan Law Offices , assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtor and its estates.

Ann Brennan may be reached at:

     Ann Brennan, Esq.
     Ann Brennan Law Offices
     800 Hingham Street, Suite 200N
     Rockland, MA 02370
     Tel: (718) 878-6900
     Fax: (866) 739-0168

                       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.

The Ann Brennan Law Offices serves as the Debtor's bankruptcy
counsel.


SAC DEVELOPMENT: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: SAC Development, Inc.
        4650 N. Palm Ave
        Fresno, CA 93704

Type of Business:     SAC Development listed its business as a
                      single asset real estate (as defined
                      in 11 U.S.C. Section 101(51B)).  Its
                      principal assets are located at 0000 Avenue  
                 
                      56 Alpaugh, CA 93201.

Chapter 11 Petition Date: July 26, 2017

Case No.: 17-12857

Court: United States Bankruptcy Court
       Eastern District of California (Fresno)

Judge: Hon. Rene Lastreto II

Debtor's Counsel: Justin D. Harris, Esq.
                  HARRIS LAW FIRM, PC
                  7110 N. Fresno St., Suite 400
                  Fresno, CA 93720
                  Tel: 559-272-5700
                  E-mail: jdh@harrislawfirm.net

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Shabbir A. Chaudhry, president.

The Debtor says it has no unsecured creditors.

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

             http://bankrupt.com/misc/caeb17-12857.pdf


SAI FAMILY TRUST: Court Finds Yosemite's OST Request Improper
-------------------------------------------------------------
Judge William J. Lafferty of the U.S. Bankruptcy Court for the
Northern District of California issues a Memorandum in anticipation
of the hearing and in order to highlight some concerns regarding
the relief requested in the Motion filed by Yosemite Capital, LLC,
a creditor of SAI Family Trust.

On July 18, 2017, a day after the Petition Date, Yosemite Capital
filed a Motion for Relief from Stay and set it for a hearing on
July 26, 2017. Concurrently, Yosemite Capital filed the Motion to
Shorten Time ("OST Request"). The Court finds that the OST Request
did not comply with Local Bankruptcy Rule 9006-1(c). The Court
points out that if Yosemite Capital would like a hearing on
shortened time, Yosemite Capital must comply with all of the
requirements of the local rule. The Court notes that as of July 20,
2017, the Motion was only served with eight days' notice and is
therefore improper.

Accordingly, the Court is disinclined to agree with Yosemite
Capital that in rem relief under 11 U.S.C. Section 362(d)(4) is
appropriate under the circumstances. The Court expects Yosemite
Capital to specifically address how the facts of the current case
satisfy either of the two subdivisions required for a finding of a
"scheme" under the statute.

A full-text copy of the Memorandum dated July 20, 2017, is
available at https://is.gd/YCXIdD from Leagle.com.

SAI Family Trust is represented by

          Sean M. Patrick, Esq.
          Law Office of Sean M. Patrick
          P.O Box 2822
          Sacramento, CA 95677
          Office: (916) 612.2574
          Email: sean@seanmpatricklaw.com

                   About SAI Family Trust

SAI Family Trust filed a Chapter 11 petition (Bankr. N.D. Cal. Case
No. 17-41835), on July 17, 2017. Judge William J. Lafferty presides
over the case.


SAN JOAQUIN HILLS: Moody's Hikes Toll Road Bonds Rating From Ba2
----------------------------------------------------------------
Moody's Investors Service upgraded the senior lien toll road
revenue bonds of San Joaquin Hills Transportation Corridor Agency,
CA's (SJTCA or agency) to Baa3 from Ba2. The rating outlook is
stable. The rating upgrade to Baa3 from Ba2 and stable outlook
acknowledges several years of stronger actual than forecasted
traffic and revenue growth amid a slower pace of annual debt
service growth due to the debt restructuring in 2014. This higher
than anticipated revenue growth in the 2014-2016 period which
averaged around 15% per year over the period has served to
significantly diminish the forecasted rate of required future
annual revenue growth, while still leading to robust forecasted
debt service coverage ratios. The rating also acknowledges the
ongoing growth in the Orange County service area economy, which is
expected to continue to contribute to traffic and revenue growth,
and the agency's strong liquidity profile and growing reserve fund
balances. The rating considers the high leverage and an escalating
debt service profile through 2040, which constrains the toll road's
financial flexibility in the event of economic downturns limiting
its timeframe for recovery and resiliency. The 2014 debt
restructuring eliminated the mitigation payment and loan agreement
from Foothill/Eastern Transportation Corridor Agency (F/E TCA) to
SJHTCA, and included the expectation that $120 million in
mitigation payments will be reimbursed to F/E TCA in annual
installments from 50% of the agency's excess cash flow at the
bottom of the flow of funds starting in January 2025.

Rating Outlook

The stable outlook reflects Moody's expectations for continued
stronger than forecasted revenue growth for FY 2017 and that this
pattern will continue into FY 2018, aided by the 2% toll rate
increase that went into effect on July 1st, 2017.

Factors that Could Lead to an Upgrade

  Continued strong and sustainable growth in traffic and
  toll revenues that consistently produce DSCRs above the
  rate covenant without using reserves

  Maintenance of strong liquidity levels

Factors that Could Lead to a Downgrade

  Recurring weaker than forecasted traffic and revenue
  growth leading to lower than 1.5x total debt service
  coverage

  Toll rate increases that result in traffic diversion
  and lower than forecasted revenue

  Sustained traffic diversion from competing freeways
  as a result of expected future widening improvements

  Additional leverage without commensurate revenue
  generation though none currently expected

Legal Security

The bonds are secured by net toll revenues and related fees and
fines collected on the toll road, and Development impact fees
(DIFs) in excess of $5 million a year are pledged but not used in
the rate covenant or additional bonds tests calculations. The cash
funded senior and junior lien debt service reserve funds are sized
at the minimum of (i) 10% of the initial principal, (ii) maximum
annual debt service, or (iii) 125% of average annual debt service.
As of FY 2016, the balance of the senior debt service reserve fund
was $152 million, and $27.3 million for the junior lien reserve.
Additional bondholder security is provided by a supplemental
reserve to be funded annually from excess revenues to 50% of
maximum annual debt service, with a balance of $48 million as of FY
2016 and a $15 million use and occupancy reserve fund. Moody's note
that annual deposits will be made to a sinking fund for CABs debt
service from 2017 through 2031, which helps offset accretion risk.

Use of Proceeds

Not applicable.

Obligor Profile

San Joaquin Hills Transportation Corridor Authority operates a
tolled 15-mile limited access ETC 4-6 lane facility in Orange
County, the 3rd largest county in California and the 6th largest
county in the US. The toll road opened to traffic in 1996 as the
first publicly owned toll road in CA and has undergone three debt
restructurings since the initial bond issuance in 1993 to better
match the growth of annual debt service to the slower actual than
forecasted traffic and revenue growth anticipated at the original
financing.

Methodology

The principal methodology used in this rating was Government Owned
Toll Roads published in November 2016.


SEADRILL LIMITED: Again Warns of Chapter 11 as Debt Talks Extended
------------------------------------------------------------------
Seadrill Limited said July 26, 2017, it has reached an agreement
with its bank group to extend the comprehensive restructuring plan
negotiating period until Sept. 12, 2017.

The Company has also received lender consent to extend the maturity
date under the US$400 million credit facility from 31 August 2017
until 14 September 2017.  The extension will become effective upon
satisfaction or waiver of customary conditions precedent.

In relation to the West Eminence facility, the Company has received
the support of lenders representing 84% of the exposure under the
US$450 million credit facility maturing on 15 August 2017 (the
"US$450m Facility") to extend the maturity date under the US$450m
Facility to 14 September 2017.  The Company expects that a scheme
of arrangement under section 99 of the Companies Act 1981 of
Bermuda, which requires a majority in number of the lenders
representing 75% in value, will be used to implement the extension
of the US$450m Facility if an acceptable maturity extension
agreement is not reached.

The Company is in advanced discussions with certain third party and
related party investors and its secured lenders on the terms of a
comprehensive recapitalization, which remain subject to further
negotiation, final due diligence, documentation and requisite
approvals.

                         About Seadrill

Seadrill Limited is a deepwater drilling contractor, which provides
drilling services to the oil and gas industry.  It is incorporated
in Bermuda and managed from London.

Seadrill reported a net loss of US$155 million on US$3.17 billion
of total operating revenues for the year ended Dec. 31, 2016,
following a net loss of US$635 million on US$4.33 billion of total
operating revenues for the year ended in 2015.

Seadrill had net income of US$57 million on US$569 million of
operating revenue for the three months ended March 31, 2017,
compared with US$149 million of net income on US$891 million of
operating revenue in the same period in 2016.

"[W]e continue to believe that implementation of a comprehensive
restructuring plan will likely involve chapter 11 proceedings, and
we are preparing accordingly. The extension provides additional
time to finalise negotiations and prepare for the necessary
potential implementation filings," Seadrill said in the July 26
statement.

"It is likely that the comprehensive restructuring plan will
require a substantial impairment or conversion of our bonds, as
well as impairment and losses for other stakeholders, including
shipyards.  As a result, the Company currently expects that
shareholders are likely to receive minimal recovery for their
existing shares."

The Company's business operations remain unaffected by these
restructuring efforts and the Company expects to continue to meet
its ongoing customer and business counterparty obligations.

"Over the past year the Company has been engaged in discussions
with its banks, potential new investors, existing stakeholders and
bondholders in order to restructure its secured credit facilities
and unsecured bonds, and in order to raise new capital.  The
Company expects the implementation of a comprehensive restructuring
plan will likely involve commencing schemes of arrangement in the
United Kingdom or Bermuda or proceedings under Chapter 11 of the
United States Bankruptcy Code," Seadrill said in May 2017 when it
released its first quarter 2017 results.

"Although discussions are well advanced and significant progress
has been made, until such time our restructuring is completed,
uncertainty remains and therefore substantial doubt exists over the
Company's ability to continue as a going concern for twelve months
after the date the financial statements are issued."

Seadrill reported $21.31 billion in assets against $4.732 billion
in current liabilities and $6.473 billion in non-current
liabilities as of March 31, 2017.


SEARS CANADA: Koskie Minsky Represents Non-Unionized Workers
------------------------------------------------------------
Koskie Minsky LLP was appointed as representative counsel for the
purpose of representing the interests of the non-unionized retirees
and non-unionized active and former employees of the Sears Canada
Entities, solely with respect to their entitlements under the Sears
Canada Inc. registered retirement plan or any other pension or
retirement plan provided by the Sears Canada Entities and of any
individual with an entitlement to other post-employment benefits
and of any person claiming an interest under or on behalf of such
person and to advise the representative with respect to retirement
plans and retiree benefits in relation to the Companies' Creditors
Arrangement Act.

Bill Turner, Ken Eady, and Larry Moore were appointed to represent
the overall best interest of the represented parties and to advise
and instruct the representative counsel.

For more information, visit the representative counsel's website
at: http://kmlaw.ca/searsrepcounsel.

If you do not wish to be represented by the representatives and
representative counsel, complete the opt-out notice before Sept. 8,
2017, indicating that you wish to opt-out of such representation
and send the completed opt-out notice to:

   FTI Consulting Canada Inc.
   TD Waterhouse Street West
   Suite 2010, P.O. Box 104
   Toronto, ON, M4K 1G8
   Fax: 416-649-8101
   Attention: Jim Robinson

Koskie Minsky LLP can be reached at:

   Koskie Minsky LLP
   20 Queen Street, West Suite 900, Box 52
   Toronto , Ontario M5H 3R3
   Tel: (416) 977-8353
   Fax: (416) 977-3316

                     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.


SECOND CHANCE: Serial Filer Gets One Year for Bankruptcy Fraud
--------------------------------------------------------------
In federal court in East St. Louis, IL, Mark A. McFarland, 58, of
Springfield, IL, was sentenced on July 24, 2017, to one year in
prison for his convictions on two counts of bankruptcy fraud,
United States Attorney for the Southern District of Illinois,
Donald S. Boyce, announced July 25.  McFarland was indicted on
February 2, 2016, as part of the U.S. Attorney's effort to
crackdown on those who commit fraud in the U.S. Bankruptcy Court
for the Southern District of Illinois.

Evidence presented at the sentencing hearing July 24 established
that McFarland is a serial bankruptcy filer. Serial bankruptcy
filers repeatedly file bankruptcy petitions with no intention of
following through with their cases. Instead, they simply file the
petitions in order to stop their creditors from collecting on the
debts they owe.

On Oct. 6, 2014, McFarland filed a chapter 11 bankruptcy case on
behalf of his business, Second Chance of Springfield, Inc. (Bankr.
S.D. Ill. Case No. 14-31659).  McFarland filed this case in the
United States Bankruptcy Court for the Southern District of
Illinois in East St. Louis, IL.  Prior to filing that case,
McFarland had filed ten separate bankruptcy cases in the United
States Bankruptcy Court for the Central District of Illinois in
Springfield.  All but one of those cases had been dismissed due to
McFarland's failure to comply with the Bankruptcy Court's orders.
In the last case, the Bankruptcy Court barred McFarland from filing
any more bankruptcy cases in the Central District of Illinois for
180 days.  The Bankruptcy Court also barred McFarland from filing
any additional bankruptcy petitions in the Central District of
Illinois for three years unless he paid the full filing fee
(approximately $300) upfront.

Shortly after that order was entered, McFarland filed his
bankruptcy case on behalf of his business, Second Chance, in the
Southern District of Illinois.  When he filed this case, McFarland
lied on his bankruptcy petition by claiming that his business was
located in the Southern District of Illinois.  An attorney from the
U.S. Trustee's Office subsequently pointed out that the case did
not belong in the Southern District of Illinois, because the street
address of Second Chance was located in Springfield.  As a result,
the case should have been filed in the Central District of Illinois
in Springfield.  McFarland then lied again on an amended bankruptcy
petition, stating that Second Chance had a business address in
Alton, IL.  In support of this claim, McFarland provided a lease to
the Bankruptcy Court that was fraudulently backdated to Sept. 25,
2014.  Then, as McFarland admitted during his plea hearing, he
falsely testified under oath that he had signed that lease on Sept.
25, 2014. He also falsely testified under oath that he had reached
an oral agreement with the landlord for the rental of the Alton
property in September 2014.

During the hearing July 24 in the afternoon, U.S. District Judge
Nancy J. Rosenstengel stated that she hoped the prison sentence
would send a message to other would-be serial filers. Specifically,
Judge Rosenstengel pointed out that individuals who attempt to use
the federal bankruptcy courts to defraud their creditors and make
false statements under oath will face very serious consequences.
In addition to sentencing McFarland to prison, Judge Rosenstengel
also ordered McFarland to serve three years of supervised release
after his prison sentence is concluded, with the first six months
under home confinement.  The judge also fined McFarland $3,000 and
ordered him to pay a $200 Special Assessment.

"Criminal bankruptcy fraud threatens the integrity of the
bankruptcy system, as well as public confidence in that system,"
stated Nancy J. Gargula, U.S. Trustee for Indiana, Central Illinois
and Southern Illinois. "I am grateful to U.S. Attorney Boyce and
our law enforcement partners for their strong commitment to
combating bankruptcy related crimes, as demonstrated by the July 24
sentencing."  The U.S. Trustee Program is the component of the U.S.
Justice Department that protects the integrity of the bankruptcy
system by overseeing case administration and litigating to enforce
the bankruptcy laws.  Region 10 is headquartered in Indianapolis,
with additional offices in South Bend, IN, and Peoria, IL.

The charges resulted from a referral by the U.S. Trustee for
Indiana and Southern and Central Illinois (Region 10) to the U.S.
Attorney for the Southern District of Illinois.  The investigation
was conducted by agents from the Springfield Division, Fairview
Heights Resident Agency, of the Federal Bureau of Investigation
("FBI"), in collaboration with the Southern Illinois Bankruptcy
Fraud Working Group coordinated by the U.S. Trustee.  The case was
prosecuted by Assistant United States Attorney Scott A. Verseman.


SERVICEMASTER CO: Moody's Puts Ba3 CFR on Review for Downgrade
--------------------------------------------------------------
Moody's Investors Service, Inc. placed the ratings of The
ServiceMaster Company, LLC. under review for downgrade following
the company's announcement of its plan to divide into two separate,
publicly traded companies in a transaction which will effect a
spin-off of its AHS ("American Home Shield") subsidiary.

On Review for Downgrade:

Issuer: ServiceMaster Company, LLC (The)

-- Corporate Family Rating, Placed on Review for Downgrade,
    currently Ba3

-- Probability of Default Rating, Placed on Review for Downgrade,

    currently Ba3-PD

-- Senior Secured, Placed on Review for Downgrade, currently Ba2
    (LGD3)

-- Senior Unsecured, Placed on Review for Downgrade, currently B1

    (LGD4)

Issuer: ServiceMaster Company (The) (Old)

-- Senior Unsecured, Placed on Review for Downgrade, currently B2

    (LGD6)

Issuer: ServiceMaster Company LimitedPartnership(The)

-- Senior Unsecured, Placed on Review for Downgrade, currently B2

    (LGD6)

Outlook:

Issuer: ServiceMaster Company, LLC (The)

-- Outlook, Changed To Rating Under Review From Stable

RATINGS RATIONALE

The rating review reflects Moody's expectation that ServiceMaster's
planned spin-off plan will result in a smaller company, with a
weaker credit profile than the current combined business. The
company has not announced capitalization plans for the two
companies post-spinoff, nor how much of the existing rated debt
will remain at ServiceMaster. Moody's notes that the company has
indicated that the spin-off of AHS will be effected on a tax-free
basis. Moody's expects that ServiceMaster's ratings could remain
under review for downgrade until the spin-off has been completed
substantively, expected in the second half of 2018. However, the
review could be concluded sooner if all information required to
complete the review, including but not limited to the final debt
capital structure, is received before that time.

The review is unlikely to lead to a multi-notch downgrade unless
the preponderance of the existing rated debt remains outstanding at
ServiceMaster. During the review, Moody's will focus primarily on
the capital structure, liquidity profile, shareholder return
policies and future operating strategy and growth prospects of
ServiceMaster without AHS. The review will also consider the
smaller scale and reduced diversification following the AHS
spin-off.

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

ServiceMaster, a wholly-owned subsidiary of publicly-traded
Servicemaster Global Holdings, Inc. and based in Memphis, TN, is a
national provider of products and services (termite and pest
control, home service contracts, cleaning and disaster restoration,
house cleaning, furniture repair and home inspection), through
company-owned operations and franchise licenses. Brands include:
Terminix, American Home Shield (AHS), ServiceMaster Clean, Merry
Maids, Furniture Medic and AmeriSpec. Moody's expects revenues of
over $2.8 billion in 2017.


SMARTY HAD A PARTY: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------------
Debtor: Smarty Had A Party, LLC
        2360 Chaffee Drive
        Saint Louis, MO 63146

Type of Business: Smarty Had A Party, a/k/a Smarty Pants, sells
                  disposable plastic plates and catering supplies
                  for wedding, baby shower, birthday party, bridal

                  shower, graduation party and special events.  It

                  offers chair covers & sashes, disposable
                  dinnerware, eco dinnerware, mini dishes &
                  displays, party napkins, plastic cutlery,
                  plastic drinkware, plastic serving dishes, table

                  linen, table party decor and value set
                  partyware.  The Company also provides wedding &
                  party design and wholesale cater supply.  

                  Web site: http://www.smartyhadaparty.com/

Chapter 11 Petition Date: July 26, 2017

Case No.: 17-45088

Court: United States Bankruptcy Court
       Eastern District of Missouri (St. Louis)

Debtor's Counsel: Spencer P. Desai, Esq.
                  CARMODY MACDONALD P.C.
                  120 S. Central Avenue, Suite 1800
                  St. Louis, MO 63105
                  Tel: (314) 854-8600
                  Fax: (314) 854-8660
                  E-mail: spd@carmodymacdonald.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Amy Nevad, chief restructuring officer.

The Debtor's list of 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/moeb17-45088.pdf


STARFISH HOLDCO: S&P Assigns 'B-' CCR, Outlook Stable
-----------------------------------------------------
S&P Global Ratings assigned its 'B-' corporate credit rating to
Pearl River, N.Y.-based Starfish Holdco LLC. The outlook is
stable.

S&P said, "At the same time, we assigned a 'B-' issue-level rating
and '3' recovery rating to Sahara Parent Inc. and Vero Parent
Inc.'s proposed $75 million first-lien secured revolving credit
facility due 2022 and $590 million first-lien secured term loan due
2024. The '3' recovery rating indicates our expectation for
meaningful (50%-70%; rounded estimate: 65%) recovery in the event
of payment default.

"We also assigned our 'CCC' issue-level rating and '6' recovery
rating to the proposed $200 million second-lien term loan due 2025.
The '6' recovery rating indicates our expectation for negligible
(0%-10%; rounded estimate: 0%) recovery in the event of payment
default."

The credit rating is based on preliminary terms and conditions.

The rating is based on Starfish's continued niche market position
in the mainframe ecosystem, narrow product focus, and presence of
larger competitors. S&P said, "Our rating reflects the close link
between the company's software revenues and the slow-growing IBM
Power System market, as well as its slow organic growth and small
scale relative to rated software peers, even after accounting for
the business combination.  Partially offsetting these factors are
the company's high customer retention, strong recurring revenue
base, and healthy margin profile. The rating accounts for expected
pro-forma adjusted leverage in the high-7x area after the
transaction closes, remaining in the mid-7x area through the end of
fiscal year 2017.

"The stable outlook reflects our expectation that the company's
strong recurring revenue base, its solid margins, and the sustained
demand for its software solutions will contribute to predictable
operating performance over the next 12 months. Our base-case
expectation is for pro forma adjusted leverage of around mid-7x at
the end of fiscal-year 2017.

"We could lower ratings in the next 12 months if the company
experiences a decline in customer renewals because of competitive
pressure. We could also consider a downgrade if the company pursues
debt-financed shareholder returns or acquisitions that lead to
constrained liquidity as a result of an unsustainable capital
structure.

"An upgrade over the next 12 months would necessitate adjusted
leverage below 7x as well as a commitment from management to
maintain leverage at or below that level. In addition, we would
need to observe improving operating performance."


SUCCESS INC: Comlink to Get Payment from Sale of Various Vehicles
-----------------------------------------------------------------
Success, Inc., filed with the U.S. Bankruptcy Court for the
District of Connecticut a fifth amended disclosure statement to
accompany their proposed fifth amended plan of reorganization.

The fifth amended plan provides that the unsecured claims are now
in the aggregate approximate amount of $2,500,000. The previous
plan's aggregate approximate amount was $1,838,770.

There are now 18 classes in this plan compared to the 12 classes in
the fourth amended plan. The unsecured creditors, which were
previously classified in class 11, are now classified in class 17.


Class 11 under the new plan is the allowed secured claim of
Comlink, Inc., which will be paid from the net proceeds (after
costs of sale) from the sale of the 1999 Dodge Dakota truck.
Comlink, Inc. will not receive any periodic payments on its allowed
secured claim and will not have an unsecured claim for any
deficiency on its lien on the 1999 Dodge Dakota truck. Until paid,
it will retain its lien.

Class 12 is the allowed secured claim of Comlink, Inc., which will
be paid from the net proceeds (after costs of sale) from the sale
of the 2000 GMC Sonoma. Comlink, Inc. will not receive any periodic
payments on its allowed secured claim and will not have an
unsecured claim for any deficiency on its lien on the 2000 GMC
Sonoma. Until paid, it will retain its lien.

Class 13 is the allowed secured claim of Comlink, Inc., which will
be paid from the net proceeds (after costs of sale) from the sale
of the 2003 Ford 450 truck. Comlink, Inc. will not receive any
periodic payments on its allowed secured claim and will not have an
unsecured claim for any deficiency on its lien on the 2003 Ford 450
truck. Until paid, it will retain its lien.

Class 14 is the allowed secured claim of Comlink, Inc., which will
be paid from the net proceeds (after costs of sale) from the sale
of the 2006 Ford F250 truck. Comlink, Inc. will not receive any
periodic payments on its allowed secured claim and will not have an
unsecured claim for any deficiency on its lien on the 2006 Ford
F250 truck. Until paid, it will retain its lien.

The Troubled Company Reporter previously reported that the Debtor
filed a fourth amended plan disclosing that the equity holder will
invest a minimum of $300,000 into the Debtor on or before the
Effective Date of the Plan.

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

     http://bankrupt.com/misc/ctb16-50884-235.pdf

                   About Success Inc.

Success, Inc., was incorporated on April 24, 1996, for the purpose
of acquiring and managing real estate properties, both with
existing buildings on them as well as vacant properties,
residential as well as commercial.  The Debtor currently owns four
parcels of real property in Connecticut.  Two of these properties
are single family residential units, one is a commercial property
and one is a vacant parcel of land.

Success, Inc., filed a Chapter 11 petition (Bankr. D. Conn. Case
No. 16-50884) on July 1, 2016.  The petition was signed by Gus
Curcio, Sr., president.  The Debtor is represented by Douglas S.
Skalka, Esq., at Neubert, Pepe, and Monteith, P.C.  The case is
assigned to Judge Julie A. Manning.  The Debtor estimated assets
and debt at $1 million to $10 million at the time of the filing.

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

On Nov. 21, 2016, the Debtor filed a disclosure statement, which
explains its proposed Chapter 11 plan of reorganization.


SUNDIAL GROUP: S&P Affirms B- Corp. Credit Rating, Outlook Stable
-----------------------------------------------------------------
S&P Global Ratings affirmed its 'B-' corporate credit rating on
Amityville, N.Y.-based Sundial Group LLC. The outlook is stable.

S&P said, "At the same time, we assigned our 'B-' issue-level
rating to the company's new $280 million senior secured term loan B
due 2024 and $35 million senior secured revolver due 2022. The
recovery rating on the senior secured facilities is '3', indicating
our belief that lenders could expect meaningful (50% to 70%,
rounded estimate: 50%) recovery in the event of payment default.

"We will withdraw our ratings on the company's existing $150
million senior secured term loan B due 2021 and $25 million senior
secured revolver due 2019 once the transaction has been completed
and the facilities have been repaid.

"The rating affirmation reflects our expectation that revenue
growth will remain strong and credit measures will improve over the
next couple years, albeit remain weak due to the company's
increased debt burden. Pro forma for the transaction, we estimate
leverage in the mid-12x area (high-6x area excluding preferred
equity, which we treat as debt). Sundial continues to outperform
our top-line expectations but we believe profitability will remain
tempered by significant ongoing investments in sales and marketing,
limiting credit metric improvement, as well as higher interest
costs, constraining cash flow. We expect leverage will remain well
above 5x over the next couple of years. Credit measures will also
likely be constrained by future financial policy decisions; while
we have not incorporated any further re-leveraging events into our
forecast, we cannot rule out the possibility of additional
debt-financed dividends or acquisitions.

"The stable outlook reflects our expectation that Sundial will
gradually strengthen its credit measures from pro forma levels
after the dividend recap. We believe profitability will improve
modestly over the next year as continued sales and marketing
investment partially offsets substantial revenue growth. We
forecast leverage (including preferred equity, which we treat as
debt) in the high-11x area and EBITDA interest coverage in the
mid-2x area at the end of 2017.

"We could lower the rating if operating performance deteriorates,
resulting in sustained negative free cash flow or EBITDA interest
coverage deteriorating toward the mid-1x area. We envision such a
scenario could result from poor working capital management, supply
disruptions, heightened competition from larger competitors, or the
loss of key customers. We estimate EBITDA would need to decline
about 30% for interest coverage to weaken to the mid-1x area.

"We could raise the rating if we take a more positive view of
Sundial's business risk. This could occur if Sundial grows its
scale, improves profitability, and diversifies its product and
customer portfolio while also managing its high growth rates and
increased debt burden. An upgrade would also be predicated on the
company sustaining EBITDA interest coverage above 2.5x."


SUNEDISON INC: Court to Give Final Approval of Chapter 11 Exit Plan
-------------------------------------------------------------------
Tom Corrigan, writing for The Wall Street Journal Pro Bankruptcy,
reported that Judge Stuart Bernstein of the U.S. Bankruptcy Court
for the Southern District of New York said he would give final
approval of the Chapter 11 Plan of Reorganization filed by
SunEdison Inc. and its debtor affiliates.

SunEdison is expected to formally emerge from bankruptcy by Nov.
15, according to its lawyers, the Journal said.

The Plan, as previously reported by The Troubled Company Reporter,
provides that each holder of Class 4A-4E General Unsecured Claims
will receive its pro rata portion of the Class A GUC/Litigation
Trust Interests, subject to the specifics set forth in the Plan.
For the avoidance of doubt, holders of an Allowed General Unsecured
Claims will not receive any of the Class B GUC/Litigation Trust
Interests.  The holders will recover 2.8%.

The Plan incorporates the Debtors' sale, distribution, or transfer
of all of their interests in the YieldCos, either pursuant to the
Jointly Supported Transactions, or, pursuant to the Plan
immediately following completion of the Jointly Supported
Transactions.  Pursuant to the Jointly Supported Transaction
Agreements, the Debtors will sell (for cash) all of their
interests
in GLBL.  Pursuant to the TERP Merger Agreement and the TERP
Settlement Agreement, and in exchange for the Debtors' Class B
Shares of TERP Inc. common stock and Class B units of TERP LLC,
the
Debtors will receive Class A shares of TERP Inc. common stock, and
with respect to each Class A share of TERP Inc. common stock held
by them, either (1) elect to retain one Continuing TERP Class A
Share and receive $4.50 in cash or (2) elect to receive $9.52 in
Cash and retain zero Continuing TERP Class A Shares.

                Objections to Plan Confirmation

According to the Journal, the vast majority of objections to the
bankruptcy-exit plan were resolved ahead of the confirmation
hearing.  AQR Capital Management LLC, which pressed its objection,
but was overruled, sought modifications to the plan because of a
dispute over a $300 million rights offering, funding that the
company says will serve as the backbone of its exit from chapter
11, the Journal related.

The Debtors, prior to the confirmation hearing, filed a proposed
confirmation order, stating, among other things, that they have
resolved several objections to the Plan.  These resolutions
include:

   * Confirmation of the Plan with respect to the Debtors does not
constitute confirmation of the Plan as to the Debtor EverStream
HoldCo Fund I, LLC.  EverStream will nonetheless be bound by the
terms and provisions of the Committee/BOKF Plan Settlement and the
Committee/BOKF Plan Settlement Term Sheet, including, without
limitation, the transfer by EverStream of any GUC/Litigation Trust
Causes of Action to the GUC/Litigation Trust; provided, however,
that all parties' rights are reserved with respect to the priority
of distributions with respect to any assets or causes of actions of
EverStream.

   * Nothing in the Plan or Confirmation Order (i) assumes or
assigns any contracts between the Debtors and Oracle America, Inc.,
successor in interest to Taleo Corporation and Hyperion Solutions
Corporation, (ii) transfers any licenses thereunder to any third
party, or (iii) expands the scope of the current license agreements
between the Debtors and Oracle.

   * Nothing in the Plan or Confirmation Order will authorize the
assumption, assumption and assignment, or rejection of the Cigna
Agreements.  Notwithstanding, the Debtors reserve the right to
reject the Cigna Agreements provided that they give 21 days'
written notice of any such rejection to Cigna. This fully resolves
the Cigna Objection.

Another objection from SunEdison's shareholders, who have already
lost several battles seeking greater representation in the
bankruptcy, was also overruled, the Journal said.  SunEdison shares
will be erased once the bankruptcy exit plan is implemented, a
common fate for stock of public companies that file for bankruptcy,
the Journal noted.

Christina Pullo, Senior Director of Solicitation and Public
Securities at Prime Clerk LLC, filed a declaration, showing that
more than 75% of the Debtors' unsecured creditors voted to approve
the Plan.  Ms. Pullo indicated that holders of general unsecured
claims against Sun Edison, LLC, Everstream Holdco Fund I, LLC,
SunEdison International Construction, LLC, First Wind Holdings,
LLC, and SunEdison Products Singapore PTE, Ltd., voted to reject
the Plan.

Judge Bernstein, according to the Journal, said that reaching a
largely consensual outcome was a "remarkable feat" given the "very
difficult, contentious, complex case."

                       About SunEdison, Inc.

SunEdison, Inc. (OTC PINK: SUNEQ), is a developer and seller of
photovoltaic energy solutions, an owner and operator of clean
power generation assets, and a global leader in the development,
manufacture and sale of silicon wafers to the semiconductor
industry.

On April 21, 2016, SunEdison, Inc., and 25 of its affiliates each
filed a Chapter 11 bankruptcy petition (Bankr. S.D.N.Y. Case Nos.
16-10991 to 16-11017).  Martin H. Truong, the senior vice
president, general counsel and secretary, signed the petitions.
The Debtors disclosed total assets of $20.7 billion and total debt
of $16.1 billion as of Sept. 30, 2015.

The Debtors have hired Skadden, Arps, Slate, Meagher & Flom LLP as
counsel, Togut, Segal & Segal LLP as conflicts counsel, Rothschild
Inc. as investment banker and financial advisor, McKinsey Recovery
& Transformation Services U.S., LLC, as restructuring advisors and
Prime Clerk LLC as claims and noticing agent.  The Debtors
Employed PricewaterhouseCoopers LLP as financial advisors; and
KPMG LLP as their auditor and tax consultant.

SunEdison also has tapped Eversheds LLP as its special counsel for
Great Britain and the Middle East. Cohen & Gresser LLP has also
been retained as special counsel.

The Debtors tapped Ernst &Young LLP to provide tax-related
services.  Keen-Summit Capital Partners LLC has been hired as real
estate advisor.  Binswanger of Texas, Inc. also has been retained
as real estate agent.

Sullivan & Cromwell LLP serves as counsel to TerraForm Power,
Inc., and TerraForm Global, Inc.

An official committee of unsecured creditors has been appointed in
the case.  The Committee tapped Weil, Gotshal & Manges LLP as its
general bankruptcy counsel and Morrison & Foerster LLP as special
counsel.  Togut, Segal & Segal LLP and Kobre & Kim LLP serve as
conflicts counsel.  Alvarez & Marsal North America, LLC, serves as
the Committee's financial advisors.

Counsel to the administrative agent under the Debtors' prepetition
first lien credit agreement are Richard Levy, Esq., and Brad
Kotler, Esq., at Latham & Watkins.

Counsel to the administrative agent under the postpetition DIP
financing facility are Scott Greissman, Esq., and Elizabeth Feld,
Esq. at White & Case LLP.

Counsel to the Tranche B Lenders (as defined in the DIP credit
agreement) and the steering committee of the second lien creditors
are Arik Preis, Esq., and Naomi Moss, Esq., at Akin Gump Strauss
Hauer & Field, LLP.

Counsel to the administrative agent under the Debtors' prepetition
second lien credit agreement is Daniel S. Brown, Esq., at
Pillsbury Winthrop Shaw Pittman LLP.

The collateral trustee under the Debtors' prepetition second lien
credit agreement and the indenture trustee under each of the
Debtors' outstanding bond issuances, is represented by Marie C.
Pollio, Esq., at Shipman & Goodwin LLP.

Counsel to the ad hoc group of certain holders of the Debtors'
convertible senior notes is White & Case LLP's Tom Lauria, Esq.


TANGO TRANSPORT: Plan Trustee Taps Brooks Hamilton as Counsel
-------------------------------------------------------------
Christopher Moser, the plan trustee for Tango Transport LLC and its
affiliates, seeks approval from the U.S. Bankruptcy Court for the
Eastern District of Texas to hire Brooks Hamilton & Partners as
special counsel.

The firm will perform auditing and serve as administrator of the
Debtors' 401k plan for the plan trustee.  Brooks Hamilton will also
advise the trustee on ERISA law.

The firm will charge an hourly fee of $600 for its services.

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

The firm can be reached through:

     Brooks Hamilton, Esq.
     Brooks Hamilton & Partners
     5353 Keller Springs Road, Suite 1022
     Dallas, TX 75248-2763
     Phone: 972-839-5260
     Fax: 866-881-8175
     Email: info@brookshamilton.com

                    About Tango Transport LLC

Tango Transport, LLC provides dry van and flatbed services. It
offers over-the-road truckload services; and dedicated/private
fleet conversion, expedited, third party logistics, heavy hauling,
and brokerage services. The company also provides logistic
services, including warehouse and distribution, warehouse
management, inventory control, freight payment and audit, and
transportation control services; and reverse logistics solutions.
It serves Fortune 500 companies in the United States. The company
was founded in 1991 and is based in Shreveport, Louisiana. It
operates a terminal in Shreveport, Louisiana; and facilities in
Sibley, Louisiana; West Memphis, Arkansas; and Madisonville,
Kentucky.

Tango Transport, LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Tex. Case No. 16-40642) on April 6,
2016.  The petition was signed by B.J. Gorman, president of Gorman
Group, Inc., sole member of Debtor.  The Debtor is represented by
Keith William Harvey, Esq., at The Harvey Law Firm, P.C.  The
Debtor estimated assets of less than $50,000 and debts of $10
million to $50 million.

On April 26, 2016, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  Heller Draper Patrick
Horn & Dabney, LLC, serves as counsel while Stillwater Advisory
Group, LLC, serves as financial advisor.

On December 21, 2016, the court confirmed the Debtor's joint plan
of liquidation and the plan trust agreement, which called for the
appointment of Christopher J. Moser as plan trustee.


TARA RETAIL: Kmart Tries to Block Approval of Plan Outline
----------------------------------------------------------
Kmart Corporation filed with the U.S. Bankruptcy Court for the
Northern District of West Virginia an objection to Tara Retail
Group, LLC's disclosure statement to accompany the Debtor's plan of
reorganization.

Kmart claims that the Disclosure Statement fails to contain
adequate information with respect to (a) the Debtor's financial
status, (b) its liquidation analysis, and (c) the best interests of
creditors test.  The Disclosure Statement in this case contains no
financial information regarding the Debtor or the Debtor's proposed
sources of funding the plan of reorganization.  Instead, the Debtor
makes conclusory statements that holders of allowed claims will
receive 100% of their claims.  The Debtor provides no information
related to its financial condition, including actual and projected
rental income, and projected recoveries in pending litigation, nor
does the Debtor provide an explanation of why the Debtor believes
its litigation claims are meritorious or an explanation of how the
Debtor calculated projected recoveries.  The Debtor also provides
no information about when any rental payments are expected to
resume.  The Debtor complains that without all of this information,
Kmart cannot evaluate the Plan's feasibility or the Debtor's
ability to reorganize at all, and the Disclosure Statement is
patently inadequate.

Additionally, although it is more in the nature of an objection to
confirmation of the Plan, Kmart notes that the Debtor proposes to
assume its unexpired lease with Kmart, but that it will not cure
the defaults under the lease for as many as five years after
confirmation.  This proposed treatment is contrary to the terms of
the U.S. Bankruptcy Code, as Section 365 requires the Debtor to
cure its breach of its lease with Kmart at the time of assumption,
or else provide adequate assurance that it will so promptly cure
its breach.  Accordingly, the Disclosure Statement also fails to
provide sufficient information to permit Kmart to assess the
Debtor's ability to cure its defaults promptly when the Debtor
assumes the lease.

As reported by the Troubled Company Reporter on June 29, 2017, the
Debtor filed the Disclosure Statement to accompany its plan of
reorganization, which proposes to pay Class 4 general unsecured
claimants in full, in monthly deferred cash payments without
interest, starting on the later of the (i) Effective Date (or as
soon as practicable thereafter), or (ii) on the 15th day of the
month following the date the General Unsecured Claim becomes an
Allowed General Unsecured Claim, and continuing on the 15th day of
each month thereafter, ending no later than five years after the
first payment is made.

A copy of the Objection is available at:

          http://bankrupt.com/misc/wvnb17-00057-315.pdf

Kmart is represented by:

     Julia A. Chincheck, Esq.
     Daniel J. Cohn, Esq.
     BOWLES RICE LLP
     600 Quarrier Street
     Post Office Box 1386
     Charleston, West Virginia 25325-1386
     Tel: (304) 347-1100
     Fax: (304) 343-3058
     E-mail: jchincheck@bowlesrice.com
             dcohn@bowlesrice.com

                         About Tara Retail

Tara Retail Group, LLC, owns The Crossings Mall in Elkview, West
Virginia, which had tenants that included Kmart and Kroger.  The
Company is headed by businessman Bill Abruzzino.  The Crossings
Mall has been closed and inaccessible to the public since massive
floods swept through West Virginia on June 23, 2016.

On Dec. 23, 2016, U.S. District Judge Thomas Johnston appointed
Martin Perry, a managing director at Newmark Grubb Knight Frank's
Pittsburgh office, as receiver.

To stop a foreclosure sale of its shopping center, Tara Retail
Group, LLC, filed a Chapter 11 petition (Bankr. N.D. W.Va. Case No.
17-00057) on Jan. 24, 2017.  The petition was signed by William A.
Abruzzino, managing member.  The case judge is the Hon. Patrick M.
Flatley.  The Debtor estimated assets and debt of $10 million to
$50 million.

The Debtor tapped Steven L. Thomas, Esq., at Kay, Casto & Chaney
PLLC, as bankruptcy counsel.


TARA RETAIL: Kroger Limited Objects to Approval of Disclosures
--------------------------------------------------------------
Kroger Limited Partnership I filed with the U.S. Bankruptcy Court
for the Northern District of West Virginia an objection to Tara
Retail Group, LLC's disclosure statement to accompany the Debtor's
plan of reorganization.

According to Kroger, the Disclosure Statement in this case contains
no financial information regarding the Debtor or the Debtor's
proposed sources of funding the plan of reorganization.  Instead,
the Debtor makes conclusory statements that holders of
allowed claims will receive 100% of their claims.

Kroger complains that the Debtor provides no information related to
its financial condition, including actual and projected rental
income, and projected recoveries in pending litigation, nor does
the Debtor provide an explanation of why the Debtor believes its
litigation claims are meritorious or an explanation of how the
Debtor calculated projected recoveries.

Kroger says that the Debtor also provides no information about when
any rental payments are expected to resume, let alone any of the
more practical considerations after the shopping center reopens,
like how or to whom rental payments should be made when they do
resume, whether and when the Debtor will be prepared to resume
provision of routine services (like common area electricity,
parking lot striping, landscaping and cleaning, etc.), and whether
the Debtor has paid and will be able to continue to pay real estate
taxes and insurance premiums.

Without all of this information, Kroger cannot evaluate the Plan's
feasibility or the Debtor's ability to reorganize at all, and the
Disclosure Statement is patently inadequate.

Additionally, although it is more in the nature of an objection to
confirmation of the Plan, Kroger notes that the Debtor proposes to
assume its unexpired lease with Kroger, but that it will not cure
the defaults under the lease for as many as five years after
confirmation.  This proposed treatment is contrary to the terms of
the U.S. Bankruptcy Code, as Section 365 requires the Debtor to
cure its breach of its lease with Kroger at the time of assumption,
or else provide adequate assurance that it will so promptly cure
its breach.  Accordingly, the Disclosure Statement also fails to
provide sufficient information to permit Kroger to assess the
Debtor's ability to cure its defaults promptly when the Debtor
assumes the lease.

A copy of the Objection is available at:

          http://bankrupt.com/misc/wvnb17-00057-314.pdf

As reported by the Troubled Company Reporter on June 29, 2017, the
Debtor filed the Disclosure Statement to accompany its plan of
reorganization, which proposes to pay Class 4 general unsecured
claimants in full, in monthly deferred cash payments without
interest, starting on the later of the (i) Effective Date (or as
soon as practicable thereafter), or (ii) on the 15th day of the
month following the date the General Unsecured Claim becomes an
Allowed General Unsecured Claim, and continuing on the 15th day of
each month thereafter, ending no later than five years after the
first payment is made.

Kroger Partnership is available at:

     Julia A. Chincheck, Esq.
     Sarah E. Smith, Esq.
     Julie R. Shank, Esq.
     Daniel J. Cohn, Esq.
     BOWLES RICE LLP
     600 Quarrier Street
     P.O. Box 1386
     Charleston, West Virginia 25325-1386
     Tel: (304) 347-1100
     Fax: (304) 343-3058
     E-mail: jchincheck@bowlesrice.com
             ssmith@bowlesrice.com
             jshank@bowlesrice.com
             dcohn@bowlesrice.com

                         About Tara Retail

Tara Retail Group, LLC, owns The Crossings Mall in Elkview, West
Virginia, which had tenants that included Kmart and Kroger.  The
Company is headed by businessman Bill Abruzzino.  The Crossings
Mall has been closed and inaccessible to the public since massive
floods swept through West Virginia on June 23, 2016.

On Dec. 23, 2016, U.S. District Judge Thomas Johnston appointed
Martin Perry, a managing director at Newmark Grubb Knight Frank's
Pittsburgh office, as receiver.

To stop a foreclosure sale of its shopping center, Tara Retail
Group, LLC, filed a Chapter 11 petition (Bankr. N.D. W.Va. Case No.
17-00057) on Jan. 24, 2017.  The petition was signed by William A.
Abruzzino, managing member.  The case judge is the Hon. Patrick M.
Flatley.  The Debtor estimated assets and debt of $10 million to
$50 million.

The Debtor tapped Steven L. Thomas, Esq., at Kay, Casto & Chaney
PLLC, as bankruptcy counsel.


TARA RETAIL: U.S. Trustee Objects to Approval of Plan Outline
-------------------------------------------------------------
U.S. Trustee Judy A. Robbins filed with the U.S. Bankruptcy Court
for the Northern District of West Virginia an objection to Tara
Retail Group, LLC's disclosure statement to accompany the Debtor's
plan of reorganization.

The U.S. Trustee says, "A disclosure statement must include a
liquidation analysis to show a hypothetical Chapter 7 distribution
to all creditors and equity interest holders.  This disclosure
statement (Page 19) makes a summary statement that the Debtor
believes that conversion to Chapter 7 would not benefit unsecured
creditors.  The disclosure statement does not contain an exhibit or
analysis to determine how this conclusion was reached. Without a
meaningful liquidation analysis, the unsecured creditors and the
Court will be unable to compare liquidation pursuant to the plan
with liquidation under Chapter 7."

According to the U.S. Trustee, a disclosure statement should
include current and historical financial statements so that the
Court and creditors can determine if a plan is feasible.  The only
financial exhibits that the Debtor has filed include two exhibits,
which appear to be rent roles.  "It is unclear what the filed
exhibits reflect.  A description of what these exhibits include and
what impact they may have on the plan should be included in the
disclosure statement.  Further, the debtor should provide some
historical information to reflect what the net operating profit (if
any) was prior to the bankruptcy filing. This information is
necessary for creditors and the Court to evaluate the feasibility
of the Plan," the U.S. Trustee states.

The disclosure statement outlines that the debtor will fund the
plan through a combination of rents, litigation recoveries against
Comm 2013, the State of West Virginia, an insurance claim, a
contribution from Emerald Grande and William and Rebecca Abruzzino.
The U.S. Trustee complains that the disclosure statement provides
no specific information regarding the amount of the possible
recoveries of the claims.  Further, there is no detail regarding
the approximate expense necessary in obtaining recovery of the
claims.  The Debtor also did not file a 12-month budget the first
year of the plan to show net cash flow to support the proposed
payments.  The Debtor should be required to provide some form of
projections of the possible recovery of the claims and the
necessary expense involved in obtaining the claims.  This
information is necessary for creditors and the Court to evaluate
the feasibility of the Plan.

The disclosure statement outlines that virtually all of the claims
filed in this case are disputed.  The Debtor proposes to pay 100%
of the approved priority and unsecured claims.  "However, it is not
possible to determine what, if any, claims that the Debtor plans to
pay under the terms of the plan.  The Debtor should be required to
provide a listing of creditors that will be subject to objection or
payment under the proposed plan.  Without this information, it is
not possible to determine if the plan is feasible," the U.S.
Trustee complains.

The U.S. Trustee claims that it is unclear when the plan will
become effective.  The disclosure statement and plan define the
effective date as a "business day after the confirmation date as
designated by the Debtor that is as soon as reasonably practicable
after the conditions to the effectives of the plan specified in
Section 9.1 hereof have been satisfied or waived."  Based on this
definition, the effective date would be left to the sole discretion
of the Debtor.  The Debtor should be required to provide notice to
creditors of when the effective date of the plan will be, the U.S.
Trustee states.

A copy of the Objection is available at:

          http://bankrupt.com/misc/wvnb17-00057-312.pdf

As reported by the Troubled Company Reporter on June 29, 2017, the
Debtor filed the Disclosure Statement to accompany its plan of
reorganization, which proposes to pay Class 4 general unsecured
claimants in full, in monthly deferred cash payments without
interest, starting on the later of the (i) Effective Date (or as
soon as practicable thereafter), or (ii) on the 15th day of the
month following the date the General Unsecured Claim becomes an
Allowed General Unsecured Claim, and continuing on the 15th day of
each month thereafter, ending no later than five years after the
first payment is made.

                         About Tara Retail

Tara Retail Group, LLC, owns The Crossings Mall in Elkview, West
Virginia, which had tenants that included Kmart and Kroger.  The
Company is headed by businessman Bill Abruzzino.  The Crossings
Mall has been closed and inaccessible to the public since massive
floods swept through West Virginia on June 23, 2016.

On Dec. 23, 2016, U.S. District Judge Thomas Johnston appointed
Martin Perry, a managing director at Newmark Grubb Knight Frank's
Pittsburgh office, as receiver.

To stop a foreclosure sale of its shopping center, Tara Retail
Group, LLC, filed a Chapter 11 petition (Bankr. N.D. W.Va. Case No.
17-00057) on Jan. 24, 2017.  The petition was signed by William A.
Abruzzino, managing member.  The case judge is the Hon. Patrick M.
Flatley.  The Debtor estimated assets and debt of $10 million to
$50 million.

The Debtor tapped Steven L. Thomas, Esq., at Kay, Casto & Chaney
PLLC, as bankruptcy counsel.


TERRACE MANOR: To Select Best Offer of Property Purchase Under Plan
-------------------------------------------------------------------
Terrace Manor, LLC, filed with the U.S. Bankruptcy Court for the
District of Columbia its latest disclosure statement explaining its
second amended plan, dated July 21, 2017.

This latest filing discloses that at least 28 days prior to the
commencement of the Confirmation Hearing, the Debtor will file a
Praecipe with the Bankruptcy Court notifying the Court of which
offer for the purchase of the Debtor's 61-unit apartment building
in Washington, DC., it deems to be the highest and best offer. Any
bona fide offers for the purchase of the property received after
the distribution of the disclosure statement will be served by the
Debtor on the District of Columbia, the Tenant's Association, the
Office of the U.S. Trustee, and Eagle Bank. At the Confirmation
Hearing, the Bankruptcy Court will make a determination of which of
offer(s) is the highest and best offer.

The filing also discloses that because the plan will be paying all
creditors in full, the Debtor has determined pursuing Avoidance
Actions, if any, is not appropriate or necessary. The Debtor does
not believe that it has claims against any Insiders.

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

     http://bankrupt.com/misc/dcb17-00175-157.pdf

                  About Terrace Manor LLC

Terrace Manor, LLC, owns a 61-unit residential apartment building
located at 3341-3353 23rd Street S.E., 2276 Savanah Street, S.E.
and 2270-2272 Savanah Street, S.E. Washington, DC.  It is a single
asset real estate as defined in 11 U.S.C. Section 101(51B).
Sanford Capital, LLC, is the 100% owner of Debtor.

The Debtor filed a Chapter 11 petition (Bankr. D.D.C. Case No.
17-00175) on March 30, 2017.  The petition was signed by Carter A.
Nowell, managing member of Sanford Capital.  The case is assigned
to Judge Martin S. Teel, Jr.  At the time of filing, the Debtor
had
estimated both assets and liabilities between $1 million to $10
million.

Brent C. Strickland, Esq., and Christopher A. Jones, Esq., at
Whiteford, Taylor & Preston L.L.P., are serving as bankruptcy
counsel to the Debtor.

On April 10, 2017, the Debtor filed a disclosure statement, which
explains its proposed Chapter 11 plan of reorganization.


THE ACADEMY: Fitch Hikes Rating on $32.9MM Bonds to B+
------------------------------------------------------
Fitch Ratings has upgraded the underlying rating on $32.9 million
of outstanding Colorado Educational and Cultural Facilities
Authority revenue bonds (series 2004, 2008, and 2010A&B) issued on
behalf of The Academy (the school) to 'B+' from 'B'.

The Rating Outlook is revised to Stable from Positive.

SECURITY

The bonds are payable from lease payments made by The Academy to
two building corporations, subject to annual appropriation. The
building corporations have mortgage interests in the school
facilities financed by the separately secured series 2004 and 2008
bonds and series 2010A and 2010B bonds. Cash-funded debt service
reserves for all four series of bonds provide additional bondholder
protection.

The Academy participates in various state programs that provide
additional bondholder protection. However, Fitch's underlying
rating does not reflect the school's participation in such
programs.

KEY RATING DRIVERS

SOUND DEMAND AND ENROLLMENT TRENDS: The rating upgrade is
underpinned by The Academy's modestly growing enrollment base,
healthy demand flexibility, and a generally favorable regulatory
environment. Fitch anticipates these credit strengths, in addition
to the likelihood of further increases to per pupil state funding
over time, will continue to drive moderate revenue gains.

ACCRUAL OPERATING LOSSES; POSITIVE CASH RESULTS: The Academy
recorded another full-accrual operating loss in fiscal 2016 due
primarily to its non-cash pension expenses that are now attributed
to the school based on recent accounting changes. Importantly,
however, The Academy's operations are positive on a cash basis.

ADEQUATE DEBT SERVICE COVERAGE: Improving cash flow trends have
allowed for transactional maximum annual debt service (TMADS)
coverage to be maintained at above 1x. Fitch expects this
performance should be sustained given management's plans to further
strengthen its cash balances without additional new money debt
plans. The debt burden-to-unrestricted operating revenue ratio is
declining slowly, but it remains moderately high at roughly 16%.

THIN LIQUIDITY: The Academy's balance sheet cushion remains modest
despite steady, incremental improvement since fiscal 2014.
Available funds-to-operating expenses measured 11% and available
funds-to-debt measured 6.4% at fiscal 2016 year-end.

RATING SENSITIVITIES

CHARTER SCHOOL SECTOR RISKS: A limited financial cushion;
substantial reliance on enrollment-driven, per-pupil funding, and
charter renewal risk are credit concerns common among all charter
school credits that, if pressured, would affect the rating
negatively. Conversely, additional, material strengthening of core
operations, cash flow, and debt service coverage could lead to
consideration of further, upward rating movement.


TODD A. SWENNING: Court Reduces Atty's Fees to $84,365
------------------------------------------------------
Judge Dana L. Rasure of the U.S. Bankruptcy Court for the Northern
District of Oklahoma issued an order disallowing fee of
approximately $43,527 and authorizing Doerner, Saunders, Daniel &
Anderson, LLP, as counsel for Todd A. Swenning, to transfer to
itself $10,000 of the estate's funds from its trust account to
partially pay the award in the aggregate sum of $84,365.

In December 2016, the Court confirmed the Chapter 11 Trustee's
Second Amended Plan of Reorganization.  Doerner Saunders filed its
Fee Application within the Plan's deadline, asserting
administrative expense claims, requesting compensation for services
rendered from July 28, 2015, through January 31, 2017, in the
amount of $127,892, and reimbursement of expenses in the amount of
$1,433.

On July 29, 2015, the Court entered a text order granting DSDA's
employment application as counsel for the Debtor effective as of
July 29, 2015.

From the February 17, 2016 -- during which the Court ordered the
Debtor to comply with DIP account requirements -- through the date
Trustee was appointed, DSDA alleges that it has spent 6.6 hours in
attorney time, and billed $2,475. Specifically, DSDA alleges to
have spent time in investigating the history of its communications
with Debtor about opening a DIP account, communicating with the
Debtor's personal banker, drafting a report to the Court regarding
the efforts made to obtain a DIP account, contacting banks
suggested by the Court, investigating requirements for opening a
DIP account, and communicating with Debtor about each of these
tasks.

The Court, however, points out that none of this resulted in the
Debtor establishing a DIP account, and as such, DSDA's services in
this endeavor were not only untimely, but also ineffective.
Accordingly, the Court disallows DSDA's request to be paid $2,475
for 6.6 hours spent in connection with Debtor's failure to open a
DIP account.

At a status conference held on February 17, 2016, Sam Bratton
represented that the case was going well, and that once cash flow
projections were finalized, he would be in a position to file a
plan and disclosure statement.

As of the date of the status conference, DSDA had already spent
13.6 hours on developing a plan and disclosure statement, resulting
in fees of $5,101. On March 2, 2016, DSDA filed a report addressing
some of the matters raised at the status conference.

Having reviewed the entire record prior to the conference, however,
the Court harbored doubts about the accuracy of Debtor's
disclosures to date, and also about Debtor's ability to faithfully
execute a plan.

So that, on April 4, 2016, the Court ordered the Debtor to amend or
supplement the reports after finding the March 2nd Report and the
Rule 2015.3 Report "grossly insufficient," lacking in "meaningful
information," and non-compliant with Bankruptcy Rule 2015.3.
Between the time DSDA submitted the reports and the Court issued
its order, DSDA alleges to have spent another 11.1 hours on plan
and disclosure statement matters, billing $3,960.

After the second disclosure order was entered, DSDA has spent
another 7.9 hours in this category, billing $2,912, before filing a
disclosure statement and proposed plan of reorganization on April
7, 2016.

On April 19, 2016, it appearing that Debtor was unable or unwilling
to manage the estate consistent with his fiduciary duties as a
debtor in possession, the Court issued an order to show cause why a
Chapter 11 examiner should not be appointed to investigate
potential "fraud, dishonesty, incompetence, misconduct,
mismanagement or irregularity in the management of the affairs of
the debtor." Subsequently, on April 22, 2016, the United States
Trustee moved for dismissal or appointment of a Chapter 11 trustee.


After an evidentiary hearing on May 12, 2016, the Court found
overwhelming cause to dismiss the case. Creditors, however,
believed that their best interests would be better served by a
Chapter 11 trustee, so rather than dismissing the case, the Court
granted the motion to appoint a trustee.

In the period when the Show Cause Order was issued, and the May
12th hearing date, DSDA spent 29.9 hours amending the disclosure
statement and proposed plan. For this work, DSDA billed $10,728.
DSDA has also spent an additional 6.5 hours after the hearing,
revising the plan and disclosure statement, a third version which
was filed on May 19, 2016, for which DSDA billed $2,438.

On June 1, 2016, Todd Frealy was appointed as the Chapter 11
trustee of Debtor's estate. Trustee filed an application to retain
the firm of Levene, Neale, Bender, Yoo & Brill, L.L.P. as counsel
for Trustee, which the Court approved with an effective date of
June 1, 2016.

The Trustee did not file an application to employ DSDA as an estate
professional, however, DSDA continued rendering services after
Trustee was appointed. For instance, DSDA supplied Trustee
documents it had obtained from the Debtor, as well as work product
it created while representing the estate. DSDA also acted as an
intermediary between Trustee and Debtor.

The Court said that regardless of whether the effective date of
retention was July 28th or July 29th, however, it appears that the
July 28th services -- time entries indicate that attorney Sam
Bratton and a paralegal were communicating with the Debtor;
revising the petition, schedules, and other first-day pleadings;
and finalizing and filing the petition, schedules, and creditor
list -- were rendered prior to the time the petition was filed and
are therefore not compensable as administrative expenses. As such,
the Debtor's obligation to pay for these services arose
prepetition, and therefore the claim is a prepetition unsecured
claim. Thus, the Court disallows compensation for services rendered
on July 28, 2015, in the amount of $1,803.

DSDA requests fees in the amount of $13,032 for work performed
after Trustee was appointed. The Court maintains that these
services are not compensable by the estate because DSDA was not
employed by the estate at the time they were rendered because the
Debtor's role as debtor-in-possession terminated on June 1, 2016,
upon the Trustee's appointment. Trustee did not employ DSDA as an
estate professional, and the Court did not authorize DSDA under
Section 327 to render services to Trustee or the estate. The Court
further maintains that it has no authority under Section 330(a) to
award DSDA fees from the estate for services DSDA performed after
Debtor was displaced by Trustee. Accordingly, the Court denies
DSDA's request for fees in the amount of $13,032 for services
rendered after June 1, 2016.

DSDA requests expense reimbursement in the amount of $1,433, of
which $945 was incurred after the Trustee's appointment. The Court
disallows these expenses since only professionals employed by the
estate under Section 327 are entitled to reimbursement under
Section 330(a)(1). Thus, the Court directed the estate to reimburse
DSDA for expenses in the amount of $492.

A full-text copy of the Order dated July 20, 2017, is available at
https://is.gd/ZApegs from Leagle.com.

Todd A Swenning is represented by:

          Sam G. Bratton, II, Esq.
          Doerner Saunders Daniel & Anderson
          Two West Second Street, Suite 700
          Tulsa, Oklahoma 74103-3117
          Direct: 918.591.5215
          Fax: 918.925.5215
          Email: sbratton@dsda.com

Todd A. Frealy, Trustee is represented by:

          Todd Morris Arnold, Esq.
          Martin James Brill, Esq.
          Levene, Neale, Bender, Yoo & Brill L.L.P.
          10250 Constellation Boulevard, Suite 1700
          Los Angeles, California 90067
          Phone: 310.229.1234
          Fax: 310.229.1244
          Email: tma@lnbyb.com
                    mjb@lnbyb.com

                         About Todd A. Swenning
   
Todd A. Swenning filed a Chapter 11 petition (Bankr. N.D. Okla.
Case No. 15-11408), on July 28, 2015.


TURNING LEAF: Has Until Sept. 21 to File Plan & Disclosures
-----------------------------------------------------------
The Hon. Trish M. Brown of the U.S. Bankruptcy Court for the
District Oregon has given Turning Leaf Homes V LLC until Sept. 21,
2017, to file a disclosure statement and plan of reorganization.

The Debtor will file an amended Schedule A/B by July 25, 2017.

This court order does not extend any deadlines or time periods set
forth in the U.S. Bankruptcy Code, including the exclusivity period
set forth in 11 U.S.C. Section 1121.

                    About Turning Leaf Homes V

Based in Portland, Oregon, Turning Leaf Homes V, LLC sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. D.
Ore. Case No. 17-31944) on May 23, 2017.  Tracey Baron, the
manager, signed the petition.  

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


Judge Trish M. Brown presides over the case.  Michael D. O'Brien,
Esq., and Theodore J. Piteo, Esq., at Michael D. O'Brien &
Associates, P.C., serve as counsel of the Debtor.


WELLMAN DYNAMICS: Taps Gordian Group as Investment Banker
---------------------------------------------------------
Wellman Dynamics Machining & Assembly, Inc. seeks approval from the
U.S. Bankruptcy Court for the Southern District of Iowa to hire an
investment banker.

The company proposes to hire Gordian Group to provide these
services:

     (a) advise on the sale or disposition of assets or businesses

         of WDMA and its affiliate Wellman Dynamics Corporation;

     (b) assist in the development, negotiation and implementation

         of a financial transaction, including rendering advice
         regarding a sale of all or a portion of the assets,       

         businesses, outstanding securities or acquisitions of WDC

         or WDMA;

     (c) assist in negotiations with interested acquirers or       
  
         investors, current or potential lenders, creditors,
         shareholders and other interested parties regarding any
         potential financial transaction.

The company proposes this compensation arrangement for transactions
involving WDC:

     (i) In the event of a financial transaction involving WDC in
         which TCTM Financial FS LLC only credit bids its current
         claims and without any other qualifying bids or overbids
         in any auction of WDC, fees payable concurrently with and

         as a condition to consummation of such financial
         transactions in an amount equal to $175,000; or

    (ii) In all other financial transactions (e.g., the sale of
         either WDC to a party other than TCTM, or to TCTM         

         following other qualifying bids or overbids in any
         auction of WDC), fees payable concurrently with and as a
         condition to the consummation of such financial
         transactions equal to the greater of: $175,000 or 3% of
         "aggregate consideration."

Meanwhile, WDMA proposes this compensation arrangement involving
the company:

     (i) In the event of a financial transaction involving WDMA in

         which TCTM only credit bids its current claims and
         without any other qualifying bids or overbids in any
         auction of WDMA, fees payable concurrently with and as a  
       
         condition to consummation of such transactions in an
         amount equal to $75,000; or

    (ii) In all other financial transactions (e.g., the sale of
         either WDMA to a party other than TCTM, or to TCTM
         following other qualifying bids or overbids in any
         auction of WDMA), fees payable concurrently with and as a

         condition to the consummation of such transactions equal
         to the greater of: $75,000 or 6% of aggregate
         consideration, provided such percentage will be reduced
         to 3% in the event a "WDC transaction fee" is earned.

David Herman, a partner at Gordian Group, disclosed in a court
filing that his firm is a "disinterested person" as defined in
section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     David L. Herman
     Gordian Group, LLC
     950 Third Avenue, 17th Floor  
     New York NY 10022
     Phone: 212-486-3600
     Fax: 212-486-3616

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

Fansteel, Inc., Wellman Dynamics Corporation, and Wellman Dynamics
Machinery & Assembly, Inc., filed Chapter 11 petitions (Bankr. S.D.
Iowa Case Nos. 16-01823, 16-01825 and 16-01827) on Sept. 13, 2016.
The petitions were signed by Jim Mahoney, CEO.  The cases are
assigned to Judge Anita L. Shodeen.  The Debtors disclosed total
assets of $32.9 million and total debt of $41.97 million.

The Debtors tapped Jeffrey D. Goetz, Esq., and Krystal R.
Mikkilineni, Esq., at Bradshaw, Fowler, Proctor & Fairgrave, P.C.,
as counsel; RSM US LLP as tax advisor; Jeffrey Sands and Dorset
Partners, LLC, as business broker; and Mark J. Steger, Esq., at the
Clark Hill Law Firm as Environmental Counsel.

The Debtors filed motions to jointly administer the cases pursuant
to Bankruptcy Rule 1015(b), and the Court entered an Order
authorizing joint administration on Oct. 17, 2016.  The Court
subsequently entered an order on May 24, 2017, vacating its prior
Order granting joint administration and discontinuing the joint
administration of the Debtors' cases under the lead case of
Fansteel.

The U.S. Trustee for Region 12 on Sept. 23, 2016, appointed nine
creditors of Fansteel Inc. to serve on the official committee of
unsecured creditors.  The Official Committee retained Morris
Anderson & Associates, Ltd., as financial advisor, and Archer &
Greiner, P.C. and Nyemaster Goode, P.C., as counsel.

The Troubled Company Reporter has earlier reported that the U.S.
trustee for Region 12 announced that the nine-member unsecured
creditors' committee of Fansteel, Inc., will no longer serve as the
official committee in the company's Chapter 11 case.  The
bankruptcy watchdog added that it will be reconstituted as the
official committee of unsecured creditors in the Chapter 11 cases
of Wellman Dynamics Corp. and Wellman Dynamics Machinery &
Assembly, Inc.  In a filing March 22, 2017, the U.S. trustee
disclosed that a new creditors' committee has not yet been
appointed in Fansteel's bankruptcy case.

The companies tapped Jeffrey D. Goetz, Esq., and Krystal R.
Mikkilineni, Esq., at Bradshaw, Fowler, Proctor & Fairgrave, P.C.,
as counsel; RSM US LLP as tax advisor; Jeffrey Sands and Dorset
Partners, LLC as business broker; and Mark J. Steger, Esq., at the
Clark Hill Law Firm as Environmental Counsel.

The companies filed motions to jointly administer the cases
pursuant to Bankruptcy Rule 1015(b), and the court ordered the
joint administration on Oct. 17, 2016.  The court subsequently
entered an order on May 24, 2017, vacating its Oct. 17 order and
discontinuing the joint administration of the cases under the lead
case of Fansteel.

On Sept. 23, 2016, the U.S. Trustee for Region 12 appointed an
official committee of unsecured creditors in Fansteel's bankruptcy
case.  The committee retained Morris Anderson & Associates, Ltd.,
as financial advisor; and Archer & Greiner, P.C., and Nyemaster
Goode, P.C., as counsel.

In March 2017, the U.S. trustee announced that the unsecured
creditors' committee of Fansteel would no longer serve as the
official committee in its case and that it would be reconstituted
as the official committee of unsecured creditors in the Chapter 11
cases of Wellman Dynamics and Wellman Dynamics Machinery.  As of
March 22, 2017, a new creditors' committee has not yet been
appointed in Fansteel's bankruptcy case.

Wellman Dynamics filed a Chapter 11 plan of reorganization and
disclosure statement on Jan. 11, 2017.  On May 8, 2017, the
creditors' committee of Wellman Dynamics filed a Chapter 11 plan of
liquidation for the company.


WEST MAIN ENTERPRISES: Hires Craig Diehl as Bankruptcy Attorney
---------------------------------------------------------------
West Main Enterprises, Inc., d/b/a West Main Family Restaurant
seeks approval from the U.S. Bankruptcy Court for the Middle
District of Pennsylvania to employ the Law Offices of Craig A.
Diehl as its attorney.

The Debtor requires the Firm to:

     a. advise the Debtor-in-Possession with respect to its rights,
powers, duties and obligations as Debtor-in-Possession in the
administration of this case and the management of its property;

     b. prepare pleadings, applications and conduct examinations
incidental to administration;

     c. advise and represent the Debtor in connection with all
applications, motions, or complaints for reclamation, adequate
protection, sequestration, relief from stays, appointment of
trustee or examiner, and all other similar matters;

     d. develop the relationship of the status of the
Debtor-in-Possession to the claims of creditors in these
proceedings;

     e. advise and assist the Debtor-in-Possession in the
formulation and presentation of a Plan and Disclosure Statement
pursuant to Chapter 11 of the Bankruptcy Code and concerning any
and all matters relating thereto; and

     f. perform any and all other legal services incident and
necessary herein.

The Firm will be paid at these hourly rates:

     Craig A. Diehl, Esq., CPA                     $250
     Jeremy A. Hanawalt, CPA, legal assistant      $150

The Debtor has provided a retainer the Firm in the amount of
$4,979.00 plus the filing fee of $1,717.00.

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

Craig A. Diehl, Esq., CPA, at Law Offices of Craig A. Diehl,
assured the Court that the firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code and does
not represent any interest adverse to the Debtor and its estates.

The Firm may be reached at:

      Craig A. Diehl, Esq., CPA
      Law Offices of Craig A. Diehl
      3464 Trindle Road
      Camp Hill, PA 17011
      Phone:  717-763-7613

West Main Enterprises, Inc. filed a Chapter 11 bankruptcy petition
(Bankr. M.D. Pa. Case No. 17-02809) on July 7, 2017.  The Hon.
Henry W Van Eck presides over the case.


WEST VIRGINIA HIGH: Sale of Fairmont Property for $1.8M Approved
----------------------------------------------------------------
Judge Patrick M. Flatley of the U.S. Bankruptcy Court for the
Northern District of West Virginia authorized West Virginia High
Technology Consortium Foundation ("WVHTC") and HT Foundation
Holdings, Inc. ("HTFH") to sell HTFH's real property and
improvement thereon commonly referred to as the Training Center,
consisting of approximately 24,000 gross square foot facility
situated on approximately 3.19 acres of land in the I-79 Technology
Park, located in Fairmont, Grant District, Marion County, West
Virginia, to Trustee of Life United Methodist Church for
$1,800,000.

The sale of the Training Center is in "as is, where is" condition,
without representations or warranties of any kind whatsoever; and
free and clear of all Liens, Claims, and encumbrances.

The Proceeds will be disbursed at Closing to the following: (i) the
customary, reasonable and necessary closing costs associated with
the sale of the Training Center as reasonably agreed to by
Huntington National Bank ("HNB"); (ii) any broker's commission owed
as a result of the sale of the Training Center; (iii) both the
Seller's and the Buyer's portions of real estate transfer taxes (if
any); and (iv) the balance to HNB.

WVHTC is authorized to grant and enter into a written easement or
license (in a form acceptable to and approved by HNB, which
acceptance/approval will be evidenced by a subordination of
mortgage) in which the Buyer, its successors and assigns may use
the parking area, located adjacent to the Training Center which is
owned by WVHTC, during specified days and hours for the Buyer's
church activities.

In the absence of any timely filed written objection to the motion
to sell, all relevant issues having been addressed by the terms of
the Order, the hearing upon the motion scheduled for July 25, 2017
at 2:00 p.m. is cancelled.

                    About West Virginia High

West Virginia High Technology Consortium Foundation is a West
Virginia non-profit corporation incorporated in 1993.  HT
Foundation Holdings, Inc., a West Virginia non-profit corporation
incorporated in 2008, is an organization that is related to West
Virginia High Technology Consortium Foundation.  

West Virginia High Technology Consortium Foundation, along with HT
Foundation Holdings, Inc., two other non-debtor charitable
title-holding organizations related to West Virginia High
Technology Consortium Foundation, and a single purpose entity LLC,
of which West Virginia High Technology Consortium Foundation is
the
sole member, foster business development, promote partnerships
between state, national, and international technology companies
and
institutions, and conduct cutting-edge research and development
under contracts with federal and state government.

As part of their operations, West Virginia High Technology
Consortium Foundation and its related organizations, including HT
Foundation Holdings, Inc. own, develop, and manage real property,
buildings, and facilities, which, after development, are leased to
various government and private tenants.

West Virginia High Technology Consortium Foundation and HT
Foundation Holdings, Inc., filed chapter 11 petitions (Bankr. N.D.
W.Va. Case Nos. 16-00806 and 16-00807) on Aug. 4, 2016.  The
petitions were signed by James L. Estep, president and CEO.  The
Debtors estimated $10 million to $50 million in assets and
liabilities.

The Hon. Patrick M. Flatley presides over the case.

David B. Salzman, Esq., at Campbell & Levine, LLC, serves as
bankruptcy counsel to the Debtors.  The Debtors hired Rolston &
Company as real estate appraiser; Easter Valley, LLC as real
estate broker; and Arnett Carbis Toothman, LLP as accountants.

                          *     *     *

On Feb. 3, 2017, the Debtors filed with the Bankruptcy Court a
First Amended Disclosure Statement and Joint Plan of
Reorganization.  Under the Amended Plan, each holder of a Class 6
General Unsecured Claim will receive an amount equal to 100% of the
unpaid amount of their Allowed General Unsecured Claim over 3 years
in 12 consecutive, equal, quarterly installments, with the first
payment due no later than 60 days after the Effective Date.

A full-text copy of the 1st Amended Disclosure Statement is
available at http://bankrupt.com/misc/wvnb1-16-00806-249.pdf


WESTERN HIPERBARIC: Taps Heriberto Acevedo as Accountant
--------------------------------------------------------
Western Hiperbaric Services P.S.C. seeks approval from the U.S.
Bankruptcy Court for the District of Puerto Rico to hire Heriberto
Acevedo as accountant.

Mr. Acevedo will provide accounting services in connection with the
Chapter 11 cases of Western Hiperbaric and its affiliates, and the
bankruptcy case of the company's president Javier Sosa Faria.

The services include the preparation of the Debtors' financial
statements, monthly operating reports, tax returns and cash flow
projections needed for the formulation of their bankruptcy plan.

Mr. Acevedo will charge an hourly fee of $150.  His associates who
may provide assistance will charge $75 per hour.  
    
In a court filing, Mr. Acevedo disclosed that he and his associates
are "disinterested" as defined in section 101(14) of the Bankruptcy
Code.

Mr. Acevedo maintains an office at:

     Heriberto Acevedo
     105 Avenida Borinquen, Base Ramey
     Aguadilla, PR
     Tel: 787-890-1954
     Email: rameysportsapartments@gmail.com
     Email: heribereg@aol.com

            About Western Hiperbaric Services P.S.C.

Western Hiperbaric Services P.S.C., Hyperbarics and Wound Care
Centers of Puerto Rico Corp., Outpatient Alternatives Corp., and
Ponce Hyperbaric & Wound Care Center sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. D.P.R. Case No. 17-04062
to 17-04065) on June 6, 2017.  The petitions were signed by Javier
Sosa Faria, president, who filed a Chapter 11 petition (Bankr.
D.P.R. Case No. 17-03421) on May 16, 2017.  The cases were
substantially consolidated pursuant to an order entered on July 3,
2017.

The Debtors employed Justiniano Law Offices as their bankruptcy
counsel.

At the time of the filing, the Debtors estimated their assets and
liabilities of less than $1 million.



WESTINGHOUSE ELECTRIC: Claims Filing Deadline Is Sept. 1
--------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of New York set
Sept. 1, 2017, at 5:00 p.m. (prevailing Eastern Time) as the last
date and time  for each person or entity to file a proof of claim
against Westinghouse Electric Company and its debtor-affiliates.
The Court also set Sept. 25, 2017, at 5:00 p.m. (prevailing Eastern
Time) as deadline for governmental units to file their claims
against the Debtors.

All proofs of claim must be filed either (i) electronically using
the interface available at htpp://www.kccllc.net/westinghouse or
(ii) by delivering the original proof of claim form by hand, or
mailing the original proof of claim, as follows:

a) if by overnight courier, and delivery or first class mail to:

    Westinghouse Claims Processing Center
    c/o KKC
    2335 Alaska Avenue
    El Segundo, CA 90245

      -- or --

b) if by hand delivery to:

    U.S. Bankruptcy Court for the Southern District
    of New York
    One Bowling Green
    New York, NY 10004-1408

              About Westinghouse Electric Company

Westinghouse Electric Company LLC --
http://www.westinghousenuclear.com/-- is a U.S. based nuclear
power company founded in 1999 that provides design work and
start-up help for new nuclear power plants and makes many of the
components. Westinghouse manufactures and supplies the commercial
fuel products needed to run the plants, and it offers training,
engineering, maintenance, and quality management services. Almost
50% of nuclear power plants around the world and about 60% of U.S.
plants are based on Westinghouse's technology. Westinghouse's world
headquarters are located in the Pittsburgh suburb of Cranberry
Township, Pennsylvania.

On Oct. 16, 2006, Westinghouse Electric was sold for $5.4 billion
to a group comprising of Toshiba (77% share), partners The Shaw
Group (20% share), and Ishikawajima-Harima Heavy Industries Co.
Ltd. (3% share).  After purchasing part of Shaw's stake in 2013,
Japan-based conglomerate Toshiba obtained ownership of 87% of
Westinghouse.

Amid cost overruns at U.S. nuclear reactors it was building,
Westinghouse Electric Company LLC, along with 29 affiliates, filed
voluntary petitions for relief under Chapter 11 of the United
States Bankruptcy Code (Bankr. S.D.N.Y. Case No. 17-10751) on March
29, 2017. The petitions were signed by AlixPartners' Lisa J.
Donahue, chief transition and development officer.

The Debtors listed total assets of $4.32 billion and total
liabilities of $9.39 billion as of Feb. 28, 2017.

The Hon. Michael E. Wiles presides over the cases.

Weil, Gotshal & Manges LLP serves as counsel to the Debtors. The
Debtors hired AlixPartners LLP as financial advisor; PJT Partners
Inc. as investment banker; Kurtzman Carson Consultants LLC as
claims and noticing agent; K&L Gates as special counsel; and KPMG
LLP as tax consultant and accounting and financial reporting
advisor.

Toshiba Nuclear Energy Holdings (UK) Ltd. is represented by Albert
Togut, Esq., Brian F. Moore, Esq., and Kyle J. Ortiz, Esq., at
Togut, Segal & Segal LLP.

On April 7, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  Proskauer Rose LLP is
the committee's bankruptcy counsel.

The Board of Directors of Westinghouse appointed a special panel
called the U.S. AP1000 Committee to oversee the company's
activities related to certain AP1000 nuclear plants located in
Georgia and South Carolina.


ZEP INC: S&P Downgrades CCR to 'B-'on Planned Recapitalization
--------------------------------------------------------------
S&P Global Ratings lowered its corporate credit rating on Zep Inc.
to 'B-' from 'B'. The outlook is stable.

S&P said, "At the same time, we assigned our 'B-' issue-level and
'3' recovery ratings to the company's proposed $550 million
first-lien term loan and $45 million credit facility. The '3'
recovery rating indicates our expectation for meaningful (50%-70%;
rounded estimate: 65%) recovery in the event of payment default.

"We also assigned our 'CCC' issue-level and '6' recovery ratings to
the company's proposed $175 million second-lien term loan. The '6'
recovery rating indicates our expectation for negligible (0%-10%;
rounded estimate: 0%) recovery in the event of payment default.

"We based these ratings on the proposed debt on preliminary terms
and conditions. We expect Zep will repay its existing $355.5
million (face value) first lien and replace its existing $42.5
million credit facility. We will withdraw the ratings on that debt
at close of this transaction.

"The downgrade reflects weakened credit metrics as a result of the
proposed debt issuance and the expectation that debt to EBITDA will
be in the 7x-8x range for the next 12 months. A substantial
one-time dividend payout and the acquisition of AFCO C&S LLC, both
funded by debt, will increase debt leverage even after considering
acquisition earnings. We expect the company to use partial proceeds
from the proposed debt and a modest amount of cash to repay
outstanding debt, including the $80 million notes at the parent
holding company, which we consider debt. In addition, we believe
the company will use the proposed debt proceeds to finance the
acquisition and to pay a substantial one-time dividend. We do not
believe the acquisition materially improves the weak business risk
profile since it doesn't improve the company's scale, end-market
diversity, or geographic diversity.

"The stable outlook on Zep reflects our expectations that EBITDA
margins over the next 12 months will modestly improve, benefiting
from the acquisition and cost-reduction efforts. Our ratings do not
reflect meaningful debt-funded acquisitions or shareholder rewards.
Over the next 12 months, we expect the company to maintain adjusted
total debt to EBITDA in the 7x-8x range. We expect these credit
metrics to be driven by U.S. GDP growth above 2% and stable
light-vehicle sales (the primary drivers of revenue growth), and
investments in its sales force. We also expect modest EBITDA margin
improvements as the company realizes cost savings throughout 2018.

"We could lower our ratings over the next 12 months if liquidity
becomes meaningfully strained or if debt to EBITDA becomes
unsustainable, without the prospect for near-term improvement. We
would consider liquidity meaningfully strained if sources over uses
falls below 1.2x or if the covenant cushion becomes less than 15%.
For example, a decline of 400 basis points (bps) in EBITDA margins
and in revenue growth from our base case could result in
unsustainable leverage. We anticipate either scenario happening in
the unlikely event that market-leading competitors decide to
concentrate on Zep's niche applications, which would result in
lower EBITDA margins and revenue declines for Zep's products.

"We could raise the ratings in the next 12 months if the company's
debt to EBITDA approaches 6x, with our belief that credit measures
will be maintained at or below that level. Under such a scenario,
we would expect EBITDA margins to expand by 200 bps from our base
case without additional debt. This could occur if Zep's recent
cost-saving initiatives deliver higher–than-expected EBITDA
expansion or if the AFCO acquisition delivers
higher–than-expected cost savings or earnings growth."


[*] The Deal Publishes Bankruptcy League Table for Q2 2017
----------------------------------------------------------
The second quarter of 2017 made history as the first time a U.S.
territory filed for bankruptcy, when Puerto Rico started to
restructure its $70 billion in debt, according to The Deal, a
business unit of TheStreet, Inc.

"The formal start of the restructuring of Puerto Rico's $70 billion
in debt dominated the second quarter in the bankruptcy world," said
Stephanie Gleason, senior writer at The Deal. "Additionally, we're
seeing already that retail will continue to be a major driver of
bankruptcy filings through the rest of the year."

The Deal's exclusive ranking covers the top U.S. firms involved in
bankruptcy cases filed between January 1 and June 30, 2017.

Some highlights from the report:

   -- Weil, Gotshal & Manges LLP claimed the top spot for
bankruptcy law firms by volume, with $111 billion in liabilities.
Paul, Weiss, Rifkind, Wharton & Garrison LLP followed, with $101.3
billion in liabilities.  Milbank, Tweed, Hadley, & McCloy LLP
ranked third, with just over $99 billion in liabilities.  White &
Case LLP ranked fourth with $95.6 billion in liabilities and Reed
Smith LLP ranked fifth with $89.3 billion in liabilities.

   -- For investment banks by volume, Houlihan Lokey Inc. remained
in the top spot, with $94.9 billion in liabilities.  Lazard Ltd.
followed in second, with $28.6 billion in liabilities.  Jeffries
LLC was third, with $17.8 billion in liabilities.  PJT Partners
Inc. ranked fourth, with $10.9 billion in liabilities.  UBS
Investment Bank rounded up the top five with $10 billion in
liabilities.

   -- FTI Consulting Inc. claimed the top spot for crisis
management firms by volume with $113.7 billion. Zolfo Cooper LLC
followed with $81.4 billion.  Goldin Associates LLC came in third
with $75.8 billion. AlixPartners LLP came in fourth with $22.9
billion.  BRG Capstone/Berkeley Research Group LLC finished in
fifth with $16.9 billion.

More information about The Deal's Bankruptcy League Tables is
available at http://www.thedeal.com/league-tables/bankruptcy/

            About The Deal's Bankruptcy League Tables

The Deal's Bankruptcy League Tables are comprised of advisory
assignments on business petitions with liabilities of at least $25
million, filed in U.S. courts, between January 1 and June 30,
2017.

                         About The Deal

The Deal -- http://www.thedeal.com/-- provides actionable,
intraday coverage of mergers, acquisitions and all other changes in
corporate control to institutional investors, private equity, hedge
funds and the firms that serve them.  The Deal is a business unit
of TheStreet, Inc. -- http://www.t.st)-- a leading financial news
and information provider. Other business units include TheStreet --
http://www.thestreet.com-- an unbiased source of business news and
market analysis for investors; BoardEx -- http://www.boardex.com--
a relationship mapping service of corporate directors and officers;
and RateWatch -- http://www.rate-watch.com-- which supplies rate
and fee data from banks and credit unions across the U.S.


[^] BOOK REVIEW: Risk, Uncertainty and Profit
---------------------------------------------
Author:  Frank H. Knight
Publisher:  Beard Books
Softcover:  381 pages
List Price:  $34.95
Review by Gail Owens Hoelscher

Order your personal copy today at
http://www.amazon.com/exec/obidos/ASIN/1587981262/internetbankrupt

The tenets Frank H. Knight sets out in this, his first book,
have become an integral part of modern economic theory. Still
readable today, it was included as a classic in the 1998 Forbes
reading list. The book grew out of Knight's 1917 Cornell
University doctoral thesis, which took second prize in an essay
contest that year sponsored by Hart, Schaffner and Marx. In it,
he examined the relationship between knowledge on the part of
entrepreneurs and changes in the economy. He, quite famously,
distinguished between two types of change, risk and uncertainty,
defining risk as randomness with knowable probabilities and
uncertainty as randomness with unknowable probabilities. Risk,
he said, arises from repeated changes for which probabilities
can be calculated and insured against, such as the risk of fire.
Uncertainty arises from unpredictable changes in an economy,
such as resources, preferences, and knowledge, changes that
cannot be insured against. Uncertainty, he said "is one of the
fundamental facts of life."

One of the larger issues of Knight's time was how the
entrepreneur, the central figure in a free enterprise system,
earns profits in the face of competition. It was thought that
competition would reduce profits to zero across a sector because
any profits would attract more entrepreneurs into the sector and
increase supply, which would drive prices down, resulting in
competitive equilibrium and zero profit.

Knight argued that uncertainty itself may allow some entrepreneurs
to earn profits despite this equilibrium. Entrepreneurs, he said,
are forced to guess at their expected total receipts. They cannot
foresee the number of products they will sell because of the
unpredictability of consumer preferences. Still, they must
purchase product inputs, so they base these purchases on the
number of products they guess they will sell. Finally, they have
to guess the price at which their products will sell. These
factors are all uncertain and impossible to know. Profits are
earned when uncertainty yields higher total receipts than
forecasted total receipts. Thus, Knight postulated, profits are
merely due to luck. Such entrepreneurs who "get lucky" will try to
reproduce their success, but will be unable to because their luck
will eventually turn.

At the time, some theorists were saying that when this luck runs
out, entrepreneurs will then rely on and substitute improved
decision making and management for their original
entrepreneurship, and the profits will return. Knight saw
entrepreneurs as poor managers, however, who will in time fail
against new and lucky entrepreneurs. He concluded that economic
change is a result of this constant interplay between new
entrepreneurial action and existing businesses hedging against
uncertainty by improving their internal organization.

Frank H. Knight has been called "among the most broad-ranging
and influential economists of the twentieth century" and "one of
the most eclectic economists and perhaps the deepest thinker and
scholar American economics has produced." He stands among the
giants of American economists that include Schumpeter and Viner.
His students included Nobel Laureates Milton Friedman, George
Stigler and James Buchanan, as well as Paul Samuelson. At the
University of Chicago, Knight specialized in the history of
economic thought. He revolutionized the economics department
there, becoming one the leaders of what has become known as the
Chicago School of Economics. Under his tutelage and guidance,
the University of Chicago became the bulwark against the more
interventionist and anti-market approaches followed elsewhere in
American economic thought. He died in 1972.


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