TCR_Public/170731.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Monday, July 31, 2017, Vol. 21, No. 211

                            Headlines

A.D.K. ARMS: Proposes to Use Midwest Bank Cash Collateral
ACADANIA MANAGEMENT: U.S. Trustee Forms 5-Member Committee
ACHAOGEN INC: Amends Lease with AP3-SF2 CT for Space Expansion
ACHAOGEN INC: Point72 Asset Reports 5.5% Stake
ACOSTA INC: Bank Debt Trades at 22% Off

ADT CORP: Egan-Jones Withdraws BB Sr. Unsec. Debt Ratings
AEROPOSTALE INC: Court Approves Stipulation on $42.7M Claim
AK BUILDERS: Voluntary Chapter 11 Case Summary
ALBANY MOLECULAR: S&P Cuts 1st Lien Loans Rating to B After Upsize
ALBERTSONS COS: S&P Affirms 'B+' CCR & Revises Outlook to Stable

ALIANZA TRINITY: Plan Filing Deadline Extended Through Sept. 27
ALTOMARE AUTO: Seeks Nov. 21 Exclusive Plan Filing Extension
AMERICAN AIRLINES: TWU's Actions Not Arbitrary, Discriminatory
AMERICAN APPAREL: Taps ASK LLP as Special Counsel
AMERICAN SEAFOODS: S&P Cuts $115MM 2nd Lien Loan Rating to CCC+

AMP CONSTRUCTION: Case Summary & 20 Largest Unsecured Creditors
ANEW YOU MEDICAL: Case Summary & 18 Largest Unsecured Creditors
APOLLO RESIDENTIAL: Egan-Jones Withdraws 'B' Sr. Unsec. Ratings
AREF SENNO: Wildts Buying Chicago Property for $500K
ART'S-WAY MFG: Working Capital Shortages Raise Going Concern Doubt

AVAYA INC: Gets Court's Nod to File Plan Exclusively Thru Sept. 16
BAVARIA YACHTS: Hires Dombrowski as Special Counsel
BCBG MAX AZRIA: Wins Confirmation of Sale-Based Chapter 11 Plan
BELLS FOOD: Hires Schunk Wilson as Accountants
BENJAMIN HALL: Real Estate Transaction With Courtway Trust Approved

BOND AND COMPANY: Case Summary & 20 Largest Unsecured Creditors
BROCADE COMMUNICATIONS: Egan-Jones Hikes FC Unsec. Rating to BB+
BROOK INVESTMENTS: Case Summary & 2 Unsecured Creditors
BRYAN DEARASAUGH: Sale of Conway Properties for $275K Approved
BULOVA TECHNOLOGIES: Will Acquire Big Red for $504,000

BUS-A-MOVE: Case Summary & 4 Unsecured Creditors
CAMBER ENERGY: GBH CPAs, PC Raises Going Concern Doubt
CANNABICS PHARMACEUTICALS: Losses Raise Going Concern Doubt
CAPITOL LITHO: Real Estate Firm Not Entitled to Attorney's Fees
CARMIKE CINEMAS: Egan-Jones Withdraws B+ Sr. Unsec. Ratings

CARRINGTON FARMS: Hires James H. Murray as Financial Consultant
CASHMAN EQUIPMENT: Hires C. Breit Marine Services as Appraiser
CASHMAN EQUIPMENT: Taps Berkley Research as Financial Advisor
CBC AMMO: Fitch Assigns 'BB' First-Time IDR; Outlook Stable
CCFA TRUST: U.S. Trustee Unable to Appoint Committee

CELL C: U.S. Court Recognizes Section 155 Proceeding
CENTRAL ILL. COMPOUNDING: Taps Kepple Law as Bankruptcy Counsel
CENTRAL LAUNDRY: Asks Court to Move Plan Filing Deadline to Dec. 29
CHARIOTS OF PALM: Case Summary & 20 Largest Unsecured Creditors
CHARLES STREET: Bankr. Ct. Rules in Favor of OneUnited Bank

CHINA FISHERY: Bid Procedures for CFGI Equity Interests Filed
CIENA CORP: S&P Rates 3.75% Convertible Senior Notes Due 2018 'B+'
COGECO COMMUNICATIONS: S&P Rates New $1.85BB 1st Lien Loans 'BB-'
CONCHO RESOURCES: Egan-Jones Hikes Sr. Unsec. Ratings to BB
CONGREGATION ACHPRETVIA: Solicitation Period Extended to Sept. 15

CORNERSTONE APPAREL: Taps Young-Woo Park as Accountant
CORNERSTONE CHEMICAL: S&P Hikes CCR to B on Littlejohn Acquisition
CORNERSTONE HOMES: Banks Have Standing to Foreclose, Court Rules
COSTA DORADA: Hires MRO Attorneys at Law as Bankruptcy Counsel
CS MINING: Court Denies Approval of Settlement with WUMI

DELCATH SYSTEMS: Woos Shareholders' Backing of Reverse Split
DEMCO INC: Okayed to Enlarge DIP Financing to $1.50 Million
DEVOES MUSIC: Hires Goldman & Goldman as Accountants
DEVON ENERGY: Egan-Jones Hikes Sr. Unsecured Ratings to BB
DIGITALGLOBE INC: Egan-Jones Cuts Sr. Unsec. Ratings to BB-

DON ROSE OIL: Seeks to Hire Brown Armstrong as Accountant
DOUBLE EAGLE: Hires Gold Weems as Attorneys
DYNAMIC CONSTRUCTION: Taps Shelton & Company as Accountant
E&M 2710 CLARENDON: Voluntary Chapter 11 Case Summary
EARTHONE CIRCUIT: Seeks to Hire GlassRatner, Appoint CRO

ENERGEN CORP: Egan-Jones Hikes Sr. Unsec. Rating to BB-
ENERGY FUTURE: Objects to Elliot Funds' Hearing Adjournment Bid
ENERGY FUTURE: S&P Gives DIP Term Loan 'BB-' Point-In-Time Rating
ESSEX CONSTRUCTION: Ch.11 Trustee Hires Auction Markets as Agent
EXCEL STAFFING: Wants DIP Financing From Stephen Brown, et al.

FAUSER OIL: Seeks Clarification Over Retention of Counsel
FINJAN HOLDINGS: Underwriter Exercises Over-Allotment Option
FLOUR MOUNTAIN: Hires Mosel & Ginn as Accountant
FRONTIER COMMUNICATIONS: Bank Debt Trades at 4% Off
FUNCTION(X) INC: Chief Operating Officer Resigns

FUNCTION(X) INC: Inks Mutual Release Agreement with Stockholders
GARBER BROS: Hires Reid & Riege as Special Counsel
GLAZER FOODS: Hires Van Horn Law as Counsel
GOLDEN ENTERTAINMENT: S&P Assigns 'B' CCR & Rates New Debt 'B+'
GRAND DAKOTA: Has Court's Interim Nod to Use Cash Collateral

GREAT FALLS DIOCESE: Selling Langstan Villa Apartments for $1.9M
GULFMARK OFFSHORE: Texas Comptroller Objects to Amended Plan
GYMBOREE CORP: Amended Plan & Got Disclosure Statement Approved
H & M CONCRETE: Wants to Use Cash Collateral of Austin Bank
H & S INC: Case Summary & Unsecured Creditor

HAHN HOTELS: Wants Exclusive Plan Filing Period Moved to Nov. 1
HALAIS GROUP: Wants To Obtain $700,000 in Financing
HEALTH DIAGNOSTIC: Suit vs. Business Partners Remains in Bankr. Ct.
HEALTH DIAGNOSTIC: Withdrawal to Dist. Court Not Mandatory
HILLSIDE LOFTS: Aug. 31 Auction of Richmond Hill Property Set

HOUSTON PLATE: Plan Exclusivity Period Extended Through Oct. 1
INTELLIGENT HIGHWAY: Limited Revenues Casts Going Concern Doubt
J JILL: Bank Debt Trades at 2% Off
J. CREW: Bank Debt Trades at 47% Off
JEFFREY BURGESS: CitiMortgage's Motion to Dismiss Complaint Granted

JONESBORO HOSPITALITY: Wants to Continue Cash Collateral Use
K&H RESTAURANT: Exclusive Plan Filing Period Moved to Sept. 19
KAZBAR LLC: Taps Kirk A. McCarville as Special Counsel
KENNAMETAL INC: Egan-Jones Hikes Sr. Unsec. Rating to BB+
KENTISH TRANSPORTATION: Ford Motor Credit to Get $297.91 Per Month

KINGDOM MEDICINE: Hires Wiedefeld as Restructuring Advisor
KINGRIDGE ENTERPRISES: U.S. Trustee Unable to Appoint Committee
KRATON POLYMERS: Moody's Rates Repriced USD 1st Lien Term Loan Ba3
LA CROSSE MEDIA: Case Summary & 20 Largest Unsecured Creditors
LEXMARK INT'L: Egan-Jones Withdraws 'BB' Sr Unsecured Ratings

LUV-IT FROZEN: Wants Plan Filing Deadline Moved to Nov. 18
MANOR VENTURES: Aug. 31 Auction of Monticello Property Set
MARIMED INC: Now Under Leadership of MariMed Advisors
MARKET QUARE: Case Summary & 20 Largest Unsecured Creditors
MASTEC INC: Egan-Jones Hikes Sr. Unsec. Ratings to BB

MCAADS.COM LLC: Hires Wellen as Accountant
MDC HOLDINGS: Egan-Jones Hikes Sr. Unsecured Ratings to BB+
MED SHARE: Voluntary Chapter 11 Case Summary
MEDIA GENERAL: Egan-Jones Withdraws B+ Sr. Unsecured Ratings
MICHIGAN SPORTING: Sale of All IP Assets to SDI USA for $76K Okayed

MIDWEST FARM: Wants Plan Extension as Bank Deal Hits Snag
MINT LEASING: Needs Until Dec. 14 to File Chapter 11 Plan
MISSIONARY ASSEMBLY: Church Wants to Use Cash Collateral
MOREHEAD MEMORIAL: Bankruptcy Administrator Forms Committee
NEPHROGENEX INC: Court Awards CS $500K for Allowance Compensation

NETWORK SERVICES: DGI Buying Reno Property for $2.5 Million
NORDIC INTERIOR: Has Final OK to Obtain Financing From Prestige
NORTEL NETWORKS: W. Owens' Claim Only Applies to Canadian Debtors
NORTH AMERICAN GROUP: U.S. Trustee Unable to Appoint Committee
NORTHSTAR REALTY: Egan-Jones Withdraws BB+ Sr. Unsec. Ratings

NUVERRA ENVIRONMENTAL: Disclosures Approved & Plan Confirmed
NYLC LLC: Intends to File Plan of Reorganization by Nov. 21
OCI BEAUMONT: S&P Raises CCR to 'B-', Revises Outlook to Stable
OCONEE REGIONAL: Taps James Bates as Special Corporate Counsel
ON-CALL STAFFING: Wants Aug. 24 Exclusive Plan Filing Deadline

ONCOLOGY INSTITUTE: August 22 Plan and Disclosures Hearing
OSAGE MASONRY: Revere Partners Buying All Assets for $35K
OTS CAPITAL: Tartan Buying McDonough Property for $1 Million
OUTFRONT MEDIA: Egan-Jones Cuts Sr. Unsec. Rating to BB-
PACHECO BROTHERS: Unsecureds to Recover 30% Under Plan

PETSMART INC: Bank Debt Trades at 6% Off
PHH CORP: Egan-Jones Cuts Sr. Unsecured Ratings to CCC+
PHILI EQUITIES: Sets Bid Procedures for Philadelphia Property
PILGRIM MEDICAL: Cullen and Dykman Awarded $50K for Fees, Expenses
PITTSFIELD DEVT: Plan Filing Deadline Extended Through Oct. 24

PLASCO TOOLING: PTEC Holdings Buying All Assets for $3.3M
PORTER BANCORP: Reports 2nd Quarter 2017 Net Income of $1.7M
PREMIER EXHIBITIONS: Gets Letters of Intent for Titanic Artifacts
PRESBYTERIAN RETIREMENT: Fitch Affirms BB+ on 2016A/2016B Bonds
PRO MACH: S&P Affirms 'B-' Rating on 1st Lien Term Loans

PROMOMANAGERS INC: Bidding Procedures for All Assets Approved
PROMOMANAGERS INC: G4 Holdings Buying Assets for $50K
PUERTO RICO: Hedge Funds Reveal How Much COFINA Bonds They Hold
PUERTO RICO: Municipalities Ask for Own Official Committee
R. A. EDGIN: Voluntary Chapter 11 Case Summary

RAJYSAN INC: Case Summary & 20 Largest Unsecured Creditors
RAYONIER ADVANCED: S&P Affirms 'BB-' CCR, Outlook Remains Positive
REAL ALLOY: Moody's Lowers CFR to B3; Outlook Stable
RENT-A-WRECK: Wants Up To $750,000 in Financing From J.J.F.
RESIDENTIAL CAPITAL: PNC's Bid to Dismiss Litigation Denied

RESTAURANT SALTIMBANCO: Wants Plan Filing Period Moved to Nov. 21
ROGERS & SON: Exclusive Plan Filing Deadline Moved to Oct. 31
ROSETTA GENOMICS: Amends Prospectus for 1.5M Units Offering
RUE21 INC: Seeks Plan Filing Exclusivity Extension Until January
SALON MEDIA: Concludes Private Placement of 1.2M Common Shares

SCARBOROUGH & HARGETT: Trustee's $275K Sale of All Assets Okayed
SEARS HOLDINGS: Egan-Jones Cuts Sr. Unsec. Ratings to C
SEMGROUP LP: 3rd Cir. Affirms Ruling in Favor of Downstream Buyers
SENIOR CARE: Voluntary Chapter 11 Case Summary
SERGEY POYMANOV: PPF's Request to Admit Gureev Evidence Denied

SERVICEMASTER GLOBAL: S&P Puts 'BB-' CCR on CreditWatch Negative
SHABSI BRODY: MEOR 77 Buying Lakewood Property for $299K
SHENANDOAH TELECOMMUNICATIONS: Egan-Jones Cuts Unsec. Rating to BB
SM ENERGY: Egan-Jones Hikes Sr. Unsecured Ratings to B
SPANISH BROADCASTING: Egan-Jones Withdraws 'C' Sr. Unsec. Ratings

SPI ENERGY: Nasdaq Extends Listing Suspension Stay to August 10
SQUARE ONE: U.S. Trustee Unable to Appoint Committee
STEINWAY MUSICAL: S&P Affirms 'B-' CCR, Outlook Negative
STEVE'S FROZEN: May Use BFG Investment's Cash Through Sept. 18
SUNBURST FARMS: Wants To Use Cash Collateral for Four Months

SUNPOWER CORP: Egan-Jones Lowers Sr. Unsecured Ratings to CCC+
TEIGNMOUTH HALL: U.S. Trustee Unable to Appoint Committee
TEL-INSTRUMENT: BDO USA Raises Going Concern Doubt
TEMPLE OF HOPE: Day Buying Birmingham Property for $195K
TK HOLDINGS: Hires Covington & Burling as Special Counsel

TK HOLDINGS: Hires PricewaterhouseCoopers as Financial Advisors
TK HOLDINGS: Hires Prime Clerk as Administrative Advisor
TK HOLDINGS: Hires Richards Layton as Bankruptcy Co-Counsel
TOTAL OFFICE: U.S. Trustee Unable to Appoint Committee
TRANS UNION: Moody's Hikes CFR to Ba2 on Strong Earnings Growth

TRAVEL LEADERS: ALTOUR Merger No Impact on Moody's B2 CFR
TRAVEL LEADERS: S&P Affirms 'B+' CCR & Rates $534MM Term Loan 'B+'
TRIUMPH GROUP: Moody's Lowers CFR to B2; Outlook Stable
TRIUMPH GROUP: S&P Lowers CCR to 'B' On Weaker Earnings
TVC ALBANY: S&P Assigns 'B-' CCR & Rates New First-Lien Loans 'B'

UNIQUE MOTORSPORTS: Wants Aug. 4 Deadline For Plan Filing
UNO CHARTER: S&P Affirms 'BB+' Rating on 2011A/B Bonds
USI INC: S&P Removes 'B' CCR From CreditWatch Developing
V&L TOOL LLC: Wants to Continue Using Cash Through Sept. 30
VMF INC: Court Extends Exclusive Plan Filing Period for 120 Days

WALTER INVESTMENT: Bank Debt Trades at 10% Off
WEATHERFORD INT'L: Debt Level Hurdle to Fitch Ratings Improvement
WRIT MEDIA GROUP: MaloneBailey Raises Going Concern Doubt
YORK RISK: Bank Debt Trades at 2% Off
Z ENTERPRISES: U.S. Trustee Unable to Appoint Committee

ZEP INC: Moody's Affirms 'B3' Corporate Family Rating
[*] Fitch: Retailers Struggle Up Sector Loan Default Rate Above 5%
[*] Fitch: US Bank TruPS CDOs Combined Default & Deferral Rate Dips
[^] BOND PRICING: For the Week from July 17 to July 21, 2017

                            *********

A.D.K. ARMS: Proposes to Use Midwest Bank Cash Collateral
---------------------------------------------------------
A.D.K. Arms, Inc., asks the U.S. Bankruptcy Court for the Northern
District of Illinois to authorize it to use certain cash and cash
equivalents that allegedly serve as collateral for claims asserted
by Midwest Community Bank.

The Debtor claims that it has no secured lender.  However, Midwest
Bank asserts that it is a secured creditor of the Debtor based upon
a transaction that occurred on or about June 2, 2017, wherein the
Debtor purportedly guaranteed the repayment of certain obligations
owed by an affiliated entity, Advanced Precision Manufacturing,
Inc., to Midwest Bank and allegedly collateralized this contingent
liability to Midwest Bank with liens and security interests in and
to all of its assets.

Midwest Bank has obtained an Order of Judgment, on July 12, 2017,
against the Debtor and certain guarantors in the aggregate amount
of $1,819,189 pursuant to an Amended Verified Complaint to Confess
Judgment filed in the Circuit Court of Cook County, Illinois on
June 29, 2017.  Subsequently, on July 14, 2017, Midwest Bank has
caused its Summons to Confirm Judgment by Confession to be issued
by the State Court so as to confirm the Confession Judgment against
the Debtor and the guarantors -- which Summons is returnable on
August 22, 2017, and constituted the first notice to the Debtor and
the guarantors that the Confession Judgment had been entered.

The Debtor relates that Midwest Bank has also issued Citations to
Discover Assets to the Debtor, the guarantors and the Debtor's
depository bank and is asserting liens arising therefrom. Based
upon the Citation served upon it by Midwest Bank, the Debtor's
depository bank has frozen the funds on deposit in the Debtor's
bank account. Additionally, the Debtor's customers are refusing to
pay amounts due to the Debtor based upon the collection letters
served upon them by Midwest Bank.

Midwest Bank asserts first position liens and security interests
against the Debtor's assets to secure the underlying indebtedness
allegedly due from the Debtor.

The Debtor proposes to use cash collateral in order to continue to
operate its business and manage its financial affairs in the
ordinary course and effectuate an effective reorganization. As
such, the Debtor asserts that it is essential that it be authorized
to use cash collateral for, among other things: (a) operating
expenses; (b) insurance; (c) utilities; (d) payroll; and (e) other
miscellaneous items needed in the ordinary course of business. The
Debtor's monthly cash flow projections for the weeks ending July
28, 2017, through September 15, 2017 reflects total expenses of
approximately $307,122.

Moreover, the Debtor proposes to provide adequate protection to
Midwest Bank upon the following terms and conditions:

   A. The Debtor will permit Midwest Bank to inspect, upon
reasonable notice, within reasonable hours, the Debtor's books and
records;

   B. The Debtor will maintain and pay premiums for insurance to
cover all of its assets from fire, theft and water damage;

   C. The Debtor will, upon reasonable request, make available to
Midwest Bank evidence of that which purportedly constitutes its
collateral or proceeds;

   D. The Debtor will properly maintain its assets in good repair
and properly manage its business; and

   E. Midwest Bank will be granted valid, perfected, enforceable
security interests in and to Debtor's postpetition assets,
including all proceeds and products which are now or hereafter
become property of this estate to the extent and priority of their
alleged prepetition liens, if valid, but only to the extent of any
diminution in the value of such assets during the period from the
commencement of the Debtor's Chapter 11 case through the next
hearing on the use of cash collateral.

A hearing on the Debtor's Motion will be held on July 25, 2017 at
10:00 a.m.

A full-text copy of the Debtor's Motion, dated July 23, 2017, is
available at https://is.gd/LWy33T

A copy of the Debtor's Budget is available at https://is.gd/ByzGho


A.D.K. Arms, Inc., is represented by:

          David K. Welch, Esq.
          Crane, Heyman, Simon, Welch & Clar
          135 S. LaSalle St., Suite 3705
          Chicago, Illinois 60603
          Phone: (312) 641-6777
          Fax: (312) 641-7114

                     About A.D.K. Arms, Inc.

Based at 2301 Estes Avenue, Elk Grove Village, Illinois, A.D.K.
Arms, Inc., is a holder of a federal firearms license, operating as
a premium supplier of tactical firearm components.  

A.D.K. Arms filed a Chapter 11 petition (Bankr. N.D. Ill. Case No.
17-21679) on July 20, 2017.  The case is assigned to Judge Donald
R. Cassling.  The Debtor is represented by David K. Welch, Esq. at
Crane, Heyman, Simon, Welch & Clar.

A.D.K. Arms is an affiliated entity of Advanced Precision
Manufacturing, Inc. ("APMI") that filed its own Chapter 11 case
(Bankr. N.D. Ill. Case No. 17-18961) on June 23, 2017.  A.D.K. Arms
is the sales agent, seller and distributor for APMI of such
components manufactured by APMI.  

Both Chapter 11 cases are related and, as a result, A.D.K. Arms and
APMI will seek the joint administration of these cases in the
Court.


ACADANIA MANAGEMENT: U.S. Trustee Forms 5-Member Committee
----------------------------------------------------------
The Office of the U.S. Trustee on July 28 appointed five creditors
to serve on the official committee of unsecured creditors in the
Chapter 11 cases of Acadiana Management Group, LLC, and its
affiliates.

The committee members are:

     (1) Medline Industries, Inc.
         Shane Reed
         Three Lakes Drive
         Northfield, IL 60093
         262-367-7501 x2252
         Email: sreed@medline.com

     (2) Accountable Healthcare Staffing
         Lamar Starling
         999 Yamato Road, Suite 210
         Boca Raton, FL 33431

     (3) CHCT Louisiana, LLC
         Page Barnes (Tim Lupinacci)
         3326 Aspen Grove Drive, Suite 150
         Franklin, TN 37067

     (4) Rehabilitation Hospital of Acadiana LLC
         James Morgan (Steffes)
         4018 Old Jeanerette Road
         New Iberia, LA 70563

     (5) Stability Biologics LLC
         Brian Martin
         2910 Poston Avenue
         Nashville, TN 37203

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 Acadiana Management
   
Acadiana Management and several affiliates sought Chapter 11
bankruptcy protection (Bankr. W.D. La. Lead Case No. 17-50799) on
June 23, 2017.  The petitions were signed by August J. Rantz, IV,
president.  Judge Robert Summerhays presides over the cases.

Bradley L. Drell, Esq., Heather M. Mathews, Esq., and Gene B.
Taylor, III, Esq., at Gold, Weems, Bruser, Sues & Rundell serves as
the Debtors' bankruptcy counsel.

Acadiana Management estimated assets of less than $50,000 and debt
at $50 million and $100 million.


ACHAOGEN INC: Amends Lease with AP3-SF2 CT for Space Expansion
--------------------------------------------------------------
Effective as of July 20, 2017, Achaogen, Inc., entered into a
second amendment to lease with AP3-SF2 CT South, LLC, which amends
the lease dated Aug. 12, 2016, with the Landlord, as amended by
that certain First Amendment to Lease dated as of April 7, 2017, to
lease an additional 18,888 square feet and 32,978 square feet of
office, laboratory and research and development space located at
One Tower Place, South San Francisco, California for the expansion
of the Company's principal executive offices.

The lease for the Suite 450 Expansion Space commences on the
earlier of (i) Aug. 1, 2017, and (ii) the date the Company
commences business operations in all or any portion of the Suite
450 Expansion Space.  The lease for the Suite 500 Expansion Space
commences on the earlier of (i) June 1, 2018, and (ii) the date the
Company commences business operations in all or any portion of the
Suite 500 Expansion Space; provided, that the Suite 500
Commencement Date will not be earlier than Jan. 1, 2018.  The lease
for the Premises will continue until Jan. 31, 2028, unless
terminated earlier.  The Company continues to have an option to
extend the Lease Term for an additional five years upon written
notice to the Landlord.

Annual base rent for the lease of the Suite 450 Expansion Space is
approximately $1.1 million until March 2018, when the annual base
rent will increase by approximately 3.5% in each subsequent year of
the Lease Term.  Annual base rent for the lease of the Suite 500
Expansion Space is approximately $1.9 million until March 2018,
when the annual base rent will increase by approximately 3.5% in
each subsequent year of the Lease Term.  The Lease also provides
for rent abatement of (i) monthly base rent for the Suite 450
Expansion Space for the first eight full months following the Suite
450 Expansion Commencement Date, and (ii) monthly base rent for the
Suite 500 Expansion Space until Sept. 1, 2018.  The Lease continues
to provide for annual base rent during the Option Term to be
calculated based on fair market rental rate as determined in the
Lease.

The Company is entitled to a one-time improvement allowance of
approximately $1.0 million for costs of the design, permitting and
construction of improvements.  The Company is also entitled, at its
election, to an additional improvement allowance of approximately
$1.5 million.  In the event the Company elects to use all or any
portion of the Additional Allowance, the rent payable by the
Company would be increased to amortize the Additional Allowance
through the remaining Lease Term.

                      About Achaogen, Inc.

South San Francisco, California-based Achaogen, Inc. --
http://www.achaogen.com/-- is a clinical-stage biopharmaceutical
company passionately committed to the discovery, development, and
commercialization of novel antibacterials to treat multi-drug
resistant gram-negative infections.  The Company is developing
plazomicin, its lead product candidate, for the treatment of
serious bacterial infections due to MDR Enterobacteriaceae,
including carbapenem-resistant Enterobacteriaceae.  In 2013, the
Centers for Disease Control and Prevention identified CRE as a
"nightmare bacteria" and an immediate public health threat that
requires "urgent and aggressive action."

Achaogen reported a net loss of $71.22 million for 2016, a net loss
of $27.09 million for 2015 and a net loss of $20.17 million for
2014.  

As of March 31, 2017, Achaogen had $155.8 million in total assets,
$77.16 million in total liabilities, and $78.63 million in total
stockholders' equity.


ACHAOGEN INC: Point72 Asset Reports 5.5% Stake
----------------------------------------------
Each of (i) Point72 Asset Management, Point72 Capital Advisors
Inc., and Mr. Cohen may be deemed to beneficially own 2,229,700 (a)
Shares (constituting approximately 5.5% (a) of the Shares
outstanding) of Achaogen, Inc.; (ii) Cubist Systematic Strategies
and Mr. Cohen may be deemed to beneficially own 73 Shares
(constituting less than 0.1% of the Shares outstanding); and (iii)
Point72 Asia (Hong Kong) and Mr. Cohen may be deemed to
beneficially own 392 Shares (constituting less than 0.1% of the
Shares outstanding).  Each of Point72 Asset Management, Point72
Capital Advisors Inc., Cubist Systematic Strategies, Point72 Asia
(Hong Kong), and Mr. Cohen disclaims beneficial ownership of any of
the securities covered by this statement.

Point72 Asset Management, Point72 Capital Advisors Inc., Cubist
Systematic Strategies, Point72 Asia (Hong Kong), and Mr. Cohen own
directly no Shares.  Pursuant to an investment management
agreement, Point72 Asset Management maintains investment and voting
power with respect to the securities held by certain investment
funds it manages.  Point72 Capital Advisors Inc. is the general
partner of Point72 Asset Management.  Pursuant to an investment
management agreement, Cubist Systematic Strategies maintains
investment and voting power with respect to the securities held by
certain investment funds it manages.  Pursuant to an investment
management agreement, Point72 Asia (Hong Kong) maintains investment
and voting power with respect to the securities held by certain
investment funds it manages.  Mr. Cohen controls each of Point72
Capital Advisors Inc., Cubist Systematic Strategies, and Point72
Asia (Hong Kong).

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

                     https://is.gd/8JBLp4

                     About Achaogen, Inc.

South San Francisco, California-based Achaogen, Inc. --
http://www.achaogen.com/-- is a clinical-stage biopharmaceutical
company passionately committed to the discovery, development, and
commercialization of novel antibacterials to treat multi-drug
resistant gram-negative infections.  The Company is developing
plazomicin, its lead product candidate, for the treatment of
serious bacterial infections due to MDR Enterobacteriaceae,
including carbapenem-resistant Enterobacteriaceae.  In 2013, the
Centers for Disease Control and Prevention identified CRE as a
"nightmare bacteria" and an immediate public health threat that
requires "urgent and aggressive action."

Achaogen reported a net loss of $71.22 million for 2016, a net loss
of $27.09 million for 2015 and a net loss of $20.17 million for
2014.  As of March 31, 2017, Achaogen had $155.8 million in total
assets, $77.16 million in total liabilities, and $78.63 million in
total stockholders' equity.


ACOSTA INC: Bank Debt Trades at 22% Off
---------------------------------------
Participations in a syndicated loan under Acosta Inc. is a borrower
traded in the secondary market at 88.00 cents-on-the-dollar during
the week ended Friday, July 21, 2017, according to data compiled by
LSTA/Thomson Reuters MTM Pricing.  This represents a decrease of
1.04 percentage points from the previous week.  Acosta Inc pays 325
basis points above LIBOR to borrow under the $2.06 billion
facility. The bank loan matures on Sept. 26, 2021 and carries
Moody's B2 rating and Standard & Poor's B rating.  The loan is one
of the biggest gainers and losers among 247 widely quoted
syndicated loans with five or more bids in secondary trading for
the week ended July 21.


ADT CORP: Egan-Jones Withdraws BB Sr. Unsec. Debt Ratings
---------------------------------------------------------
Egan-Jones Ratings Company, on June 14, 2017, withdrew the BB
senior unsecured ratings on debt issued by The ADT Corp.

The ADT Corporation is an American corporation that provides
residential and small business electronic security, fire protection
and other related alarm monitoring services in 35 countries.



AEROPOSTALE INC: Court Approves Stipulation on $42.7M Claim
-----------------------------------------------------------
BankruptcyData.com reported that the U.S. Bankruptcy Court approved
Aeropostale's stipulation among the Debtors, Aero Investors and MGF
Sourcing Holdings.  As previously reported, "On December 13, 2016,
the Claimant filed administrative expense Claim No. 2503 (the
'Administrative Claim') against Debtor ARO Liquidation for
$42,750,000 (the 'Administrative Claim Amount') for compensation
for the diminution in value of its interests in the collateral that
secures the obligations of the Debtors under the Loan Agreement;
and on December 13, 2016, the Claimant also filed the following 7
claims against the Guarantors for $42,750,000 each (the 'Guarantor
Claims'). The Parties hereto, subject to the Bankruptcy Court's
approval agree that: Each of the Debtors is jointly and severally
liable for the full amount of the Administrative Claim.  If the
Administrative Claim is not satisfied in full by Debtor ARO
Liquidation, Claimant shall retain the right to collect the full
allowed amount of the Administrative Claim from any and each of the
Debtors, provided, for the avoidance of doubt, that the full
allowed amount of the Administrative Claim shall only be paid
once."

                    About Aeropostale, Inc.

Aeropostale, Inc. (OTC Pink: AROPQ) is a specialty retailer of
casual apparel and accessories, principally serving young women
and men through its Aeropostale(R) and Aeropostale Factory(TM)
stores and website and 4 to 12 year-olds through its P.S. From
Aeropostale stores and website.  The Company provides customers
with a focused selection of high quality fashion and fashion basic
merchandise at compelling values in an exciting and customer
friendly store environment.  Aeropostale maintains control over
its proprietary brands by designing, sourcing, marketing and
selling all of its own merchandise.  As of May 1, 2016, the
Company operated 739 Aeropostale(R) stores in 50 states and Puerto
Rico, 41 Aeropostale stores in Canada and 25 P.S. from
Aeropostale(R) stores in 12 states.  In addition, pursuant to
various licensing agreements, the Company's licensees currently
operate 322 Aeropostale(R) and P.S. from Aeropostale(R) locations
in the Middle East, Asia, Europe, and Latin America.  Since
November 2012, Aeropostale, Inc., has operated GoJane.com, an
online women's fashion footwear and apparel retailer.

Aeropostale, Inc., and 10 of its affiliates each filed a voluntary
petition under Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y.
Lead Case No. 16-11275) on May 4, 2016.  The petitions were signed
by Marc G. Schubac, senior vice president, general counsel and
secretary.

The Debtors disclosed assets of $354.38 million and total debt
of $390.02 million as of Jan. 30, 2016.

The Debtors hired Weil, Gotshal & Manges LLP as counsel; FTI
Consulting, Inc., as restructuring advisor; Stifel, Nicolaus &
Company, Inc., and Miller Buckfire & Company LLC as investment
bankers; RCS Real Estate Advisors as real estate advisors; Prime
Clerk LLC as claims and noticing agent; Stikeman Elliot LLP as
Canadian counsel; and Togut, Segal & Segal LLP as conflicts
counsel.

Judge Sean H. Lane is assigned to the cases.

The U.S. trustee for Region 2 on May 11, 2016, appointed seven
creditors of Aeropostale Inc. to serve on the official committee
of unsecured creditors.  The Committee retained Pachulski Stang
Ziehl & Jones LLP as counsel.


AK BUILDERS: Voluntary Chapter 11 Case Summary
----------------------------------------------
Debtor: AK Builders and Coatings, Inc.
        2945 Ramona Ave, Ste A-3
        POB 188487
        Sacramento, CA 95818

Business Description: Based in Sacramento, AK Builders And
                      Coatings is a home building contractor that
                      provides wine cellar design, custom home
                      design, green construction and more.  The
                      Company previously sought bankruptcy
                      protection (Bankr. E.D. Cal. Case No.
16-25556) on
                      Aug. 23, 2016.

Chapter 11 Petition Date: July 26, 2017

Case No.: 17-24904

Court: United States Bankruptcy Court
       Eastern District of California (Sacramento)

Judge: Hon. Robert S. Bardwil

Debtor's Counsel: Michael M. Noble, Esq.
                  2017 5th Street
                  Sacramento, CA 95818
                  Tel: 916-370-7742
                  E-mail: msntaxbk@aol.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $500,000 to $1 million

The petition was signed by Al Vaituulala, president.

The Debtor's list of 20 largest unsecured creditors is available
for free at

         http://bankrupt.com/misc/caeb17-24904.pdf


ALBANY MOLECULAR: S&P Cuts 1st Lien Loans Rating to B After Upsize
------------------------------------------------------------------
S&P Global Ratings lowered its issue-level rating on Albany
Molecular Research Inc.'s first-lien revolving credit facility and
term loan to 'B' from 'B+' following Albany Molecular's $35 million
upsize of its first-lien term loan due 2024 and corresponding
reduction in equity contribution. S&P said, "We revised the
recovery rating on the first-lien debt to '3' from '2', reflecting
expectations for meaningful (50%-70%; rounded estimate: 65%)
recovery in the event of a payment default.

"We revised our rounded estimate for recovery to 65% from 70%
because of the higher total amount of first-lien debt that creates
lower recovery prospects based on our estimate for enterprise value
at emergence from default.

"Our 'B' corporate credit rating and stable outlook on Albany
Molecular are unaffected by the upsize. For the corporate credit
rating rationale, see the research update published July 18, 2017.

"In addition, we affirmed our 'B-' rating on Albany Molecular's new
$205 million second-lien term loan due 2025. The recovery rating on
the second-lien debt is '5', reflecting our expectation for modest
(10%-30%; rounded estimate: 15%) recovery in the event of a payment
default.

RECOVERY ANALYSIS

Key analytical factors:

-- The proposed capital structure now consists of a $100 million
revolver (assumed 85% drawn), a $655 million first-lien term loan,
and a $205 million second-lien term loan.

-- S&P's simulated default scenario contemplates a default in
2020, likely stemming from a regulatory suspension of manufacturing
operations in one or more facilities.

-- S&P believes that the company would reorganize in the event of
default and value it on a going-concern basis using a 6x multiple
of its projected default level EBITDA, similar to the multiple it
applies to other contract development and manufacturing
organizations based on their scientific expertise and specialized
facilities.

Simulated default assumptions:

-- Simulated year of default: 2020
-- EBITDA at emergence: $97 mil. (about 20% below 2017 forecast)
-- EBITDA multiple: 6x

Simplified waterfall

-- Net enterprise value (after 5% admin. costs): $554 mil.
-- Valuation split in % (obligors/nonobligors): 53%/47%
-- Total collateral value available to secured debt: $463 mil.
-- First-lien debt: $745 mil.
    —First-lien recovery expectations: 50%-70%; rounded estimate:
65%
-- Total value available to unsecured claims: $91 mil.
-- Total pari passu (deficiency) claims: $498 mil.
-- Total collateral value available to second-lien debt: $0
-- Second-lien debt: $215 mil.
    —Second-lien recovery expectations: 10%-30%; rounded
estimate: 15%

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

RATINGS LIST

  Albany Molecular Research Inc. Corporate Credit Rating          

                                     B/Stable/--

  Ratings Affirmed
                                             
  Albany Molecular Research Inc.
   2nd Lien Bank Loan due 2025       B-               
     Recovery Rating                 5 (15%)         

  Ratings Lowered; Recovery Ratings Revised
                                     To              From
  Albany Molecular Research Inc.
   First-Lien Term Loan Due 2024     B               B+
    Recovery Rating                  3 (65%)         2 (70%)

  Revolver Bank Loan due 2022        B               B+
   Recovery Rating                   3 (65%)         2 (70%)


ALBERTSONS COS: S&P Affirms 'B+' CCR & Revises Outlook to Stable
----------------------------------------------------------------
S&P Global Ratings said it affirmed the 'B+' corporate credit
rating on Boise, Idaho-based Albertsons Cos. LLC and revised the
outlook to stable from positive. S&P now expects  leverage to stay
above 5x over the next year or so.

S&P said, "At the same time, we affirmed the the 'BB' issue-level
ratings on the B4, B5, and B6 term loans. The recovery rating
remains '1', indicating our expectation for very high (90% to 100%,
estimated recovery: 95%) recovery in event of default. We also
affirmed the 'B+' issue-level rating on Albertsons' senior
unsecured notes due 2024 and 2025. The recovery rating remains '4',
reflecting our expectation for meaningful recovery in the event of
default in the 30% to 50% range (estimated recovery: 45%).

"Lastly, we affirmed the 'B-' issue-level rating on various New
Albertsons Inc. and Safeway notes. The recovery rating remains '6',
reflecting our expectation for negligible recovery in the event of
default in the 0% to 10% range (estimated recovery: 0%)."

The rating reflects that ACL will continue to improve credit
metrics gradually through EBITDA expansion in the next twelve
months rather than significant debt reduction through an IPO,
benefiting from synergies in connection with its Safeway
acquisition and a decentralized operational strategy that allows
for store localization.

The outlook is stable. S&P said, "We believe sales trends at the
majority of the company's banners should remain positive as food
cost deflation could moderate and possibly turn to slight inflation
in the coming year. We also believe cost saving opportunities will
lead to continued profit stability and potentially an IPO over
coming years, though not in the next 12 months."

Given the competitive nature of the industry, sales growth trends
could moderate and price investments could counteract some cost
saving opportunities over the next 12 months. An IPO would be less
likely if ACL experiences significant integration problems and
fails to save on costs, while sales and margins erode. S&P said,
"In that case, we could lower the rating, if for example, revenue
growth was flat or negative on strategic missteps along with
declining margins and failed synergies. We would also consider a
lower rating if financial sponsors take on additional debt for a
material acquisition or dividend.

"We would consider a higher rating if leverage approaches the
mid-4x area over the next year, sales grow in the
high-single-digits and gross margin expands more than 100 basis
points. We would also consider a higher rating if the company
reduces debt with proceeds from an IPO or sponsors exit the
business."


ALIANZA TRINITY: Plan Filing Deadline Extended Through Sept. 27
---------------------------------------------------------------
Judge A. Jay Cristol of the U.S. Bankruptcy Court for the Southern
District of Florida extended the exclusive periods during which
Alianza Trinity Development Group, LLC, may file a chapter 11 plan
through Sept. 27, 2017 and to solicit votes for its plan through
Dec. 1, 2017.

The Troubled Company Reporter has previously reported that the
Debtor sought for 65 days exclusivity extension telling the Court
that after the postponement of the sale process due to allegations
contained in seal filings by the Official Committee of Unsecured
Creditors pertaining to a prior and undisclosed business
relationship between Land Advisors and the Debtor's secured
creditor, Lantern Business Credit, LLC, the case was back on track
towards a Section 363(f) sale of the Debtor's real and personal
property. The proposed bid submission deadline had been set for
Aug. 31, 2017, and an auction anticipated by Sept. 8.  

The Debtor also told the Court that once its real and personal
property are sold, the Debtor will consult with the Committee to
determine if a Chapter 11 plan should be filed and, if so, the
Debtor will require time to draft the plan and solicit
acceptances.

In accordance with a sale process and time table that was
originally agreed to by Lantern, the Committee and the Debtor's
court-approved broker, the Debtor, through Land Advisors, had been
marketing all of its real and personal property for sale under
U.S.C. Section 363(f), free and clear of all interests, liens,
claims and encumbrances, with all interests, liens, claims and
encumbrances to attach to the proceeds of the sale, for the benefit
of creditors and other parties-in-interest.

On March 3, 2017, the Court entered an order granting in part the
Debtor's motion to approve sale procedures and identification of
stalking horse bidder. Ultimately, no stalking horse bidder was
identified by March 30 deadline.  Lantern filed a motion seeking
authority to credit bid which the Committee objected to, and the
Court denied Lantern's motion to credit bid after a hearing upon
notice.

On June 27, 2017, the Debtor filed a sale motion, seeking approval
of bidding procedures for the sale of its property, including
assumption and assignment of contracts and leases and the
scheduling of an auction of Sept. 8, 2017, and hearing to approve
the successful bidder at the auction on that same day.  The Court
had scheduled the hearing on the sale motion for July 19 and also
set a hearing for Sept. 8 to consider approval of the successful
bidder at the auction.

The Debtor mentioned that currently, the Plan Filing Deadline of
July 24, 2017, will expire prior to the deadline for submission of
bids on Aug. 31, and a sale of the Debtor's property should be
closed in September 2017, right around the same date that the Plan
Solicitation Deadline expires on Sept. 22.

Accordingly, the Debtor said that the Court should exercise its
discretion to grant the requested extensions so as to prevent the
filing of a competing plan while the Debtor continues to work
closely and cooperatively with its creditor body to achieve a
Section 363(f) sale of its property and close the sale with the
successful bidder, which will benefit creditors and interests
parties.

                About Alianza Trinity Development

Alianza Trinity Development Group, LLC, filed a Chapter 11 petition
(Bankr. S.D. Fla. Case No. 16-24483) on Oct. 27, 2016, estimating
assets and liabilities of $10 million to $50 million.  The petition
was signed by Omar Botero, manager and CEO of Alianza Holdings,
LLC, as managing member of Alianza Trinity Development Group, LLC.

Thomas R. Lehman, Esq., at Levine Kellogg Lehman Schneider +
Grossman LLP, in Miami, Florida, is serving as the Debtor's
counsel.  The Debtor hired Avison Young-Florida, LLC, replacing
Land Advisors Resort Solutions, LLC, as real estate broker

The Office of the U.S. Trustee appointed a three-member committee
of unsecured creditors in the Debtor's case on Dec. 2, 2016.  The
Committee retained Berger Singerman LLP as counsel.


ALTOMARE AUTO: Seeks Nov. 21 Exclusive Plan Filing Extension
------------------------------------------------------------
Altomare Auto Group, LLC, d/b/a Union Volkswagen, and Altomare 22
Union, LLC ask the U.S. Bankruptcy Court for the District of New
Jersey to extend their exclusive period for filing a Plan of
Reorganization through November 21, 2017, and their exclusive
period in which to obtain confirmation of a Plan of Reorganization
through January 22, 2018.

The Debtors told the Court that it has spent the bulk of their time
in Chapter 11: (a) negotiating cash collateral arrangements with
the secured creditors, (b) negotiating and ultimately obtaining
approval for a sale of substantially all of the assets in this
estate, (c) engaging in the aforesaid litigation, and (d) objecting
to claims.

The Debtors mention that the Court entered an order, on September
8, 2016, authorizing the sale of substantially all of the Debtors
assets. Excluded from the sale are potential causes of action and
general intangibles, including, but not limited to, the cause of
action pending in Union County, as well as any funds which will be
flowing to Altomare Auto Group as a result of a recent settlement
between Volkswagen of America and its dealers.

The Debtors allege that a mediation hearing is scheduled regarding
the Volkswagen litigation which, hopefully, will provide more
certainty as to what creditors may receive under a plan in this
case. The Debtors assert that once that is learned, the Debtor will
be able to inform creditors as to what portion of the settlement
proceeds will be received by the estate, which will then be made
available for distribution. As of this time, that information has
not yet been made available to the Debtor.

Therefore, the Debtors claim that additional time is necessary for
the Debtors to formulate a Plan of Reorganization, and advise
creditors as to the proposed distribution of the portion of
settlement proceeds anticipated to be received by the estate from
settlement of the Volkswagen of America litigation.

A hearing on the Debtors' Motion will be held on Aug. 15, 2017,
10:00 a.m.

                 About Altomare Auto Group, LLC

Altomare Auto Group, LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. N.J. Case No. 16-22376) on June 27,
2016.  On June 30, 2016, Altomare 22 Union, LLC filed a Chapter 11
petition (Bankr. D. N.J. Case No. 16-22628). The petitions were
signed by Anthony Altomare, managing member.  The cases are jointly
administered and are assigned to Judge John K. Sherwood.

At the time of the filing, Altomare Auto disclosed $9.04 million in
assets and $12.78 million in liabilities. Meanwhile, Altomare 22
disclosed $256,877 in assets and $6.24 million in liabilities.

The Debtors are represented by Daniel Stolz, Esq., at Wasserman,
Jurista & Stolz, P.C.  The Debtors retained Arent Fox LLP as
special automotive counsel; BMC Group, Inc. as its noticing and
balloting agent; D.T. Murphy & Company as automotive consultants;
and WithumSmith & Brown as accountant.

No official committee of unsecured creditors has been appointed in
the case.


AMERICAN AIRLINES: TWU's Actions Not Arbitrary, Discriminatory
--------------------------------------------------------------
The U.S. Court of Appeals, Ninth Circuit, affirmed the district
court's decision stating that the district court did not err when
it dismissed Retirees' allegations that Transport Workers Union of
America, AFL-CIO, violated its duty of fair representation through
conduct that was arbitrary, discriminatory, or done in bad faith.

American Airlines, Inc., and American Eagle Airlines, Inc., filed
for Chapter 11 bankruptcy in November of 2011.  As part of its
reorganization process, American sought to reject and to
renegotiate its collective bargaining agreements.  The TWU
represented mechanics, fleet service workers, and other laborers at
American.

In order to prevent mandatory layoffs for TWU members, TWU and
American negotiated an "Early Separation" program whereby more
senior TWU members could choose voluntarily to leave American in
exchange for lump-sum cash payments. Depending on seniority and
contractual protections, TWU members who chose to participate in
Early Separation could leave with between $5,000 and $22,500 in
addition to regular severance pay, unused vacation pay, and an
additional two-weeks' compensation.

The present case involves two consolidated, putative class-actions
in which TWU members who took advantage of the Early Separation
program allege that TWU breached its duty of fair representation by
excluding them from the bulk of the equity distribution. All of the
plaintiffs in these consolidated appeals allege that they were
employed by American and represented by TWU during American's
bankruptcy, and all of the plaintiffs took advantage of Early
Separation. Because all of the Retirees opted for Early Separation,
none received a share of the equity other than the portion set
aside to compensate members for the settling of the 29(d)
grievances.

In their appeal, Daniel Demetris and other Retirees had filed a
duty of fair representation claim against TWU in the Northern
District of California in December of 2013. A related case was
filed the following month in the Northern District of Texas, but
such action was dismissed and the lead plaintiff joined to the
first action by the consent of the parties. In their appeal, Mark
Letbetter and other Retirees had filed a similar action in Oklahoma
state court against Local 514, Transport Workers Union of America
and Transport Workers Union of America, AFL-CIO (Local 514), but
the case was removed to federal court before being transferred to
the Northern District of California in September of 2014. Both
cases were assigned to the same district court judge.

On Feb. 4, 2015, the district court dismissed the Demetris duty of
fair representation claims, finding such allegations implausible.
The district court then dismissed the similar Letbetter claims in a
single-page order on Feb. 20, 2015, noting that Letbetter and other
Retirees agreed that the rationale employed by the court in the
Demetris case applied with equal force to their own duty of fair
representation claims.

On appeal, Retirees argue that the district court erred in
dismissing their duty of fair representation claims because TWU's
equity distribution scheme was arbitrary, discriminatory, and made
in bad faith.

Considering that Retirees chose to receive substantial Early
Separation payments at a time when it was uncertain what the
ultimate value of the equity would be, the Ninth Circuit cannot say
that the union's subsequent decision to exclude them from the
equity was "wholly irrational." Therefore, the Court is satisfied
that the district court did not err when it held that TWU's equity
distribution scheme was not arbitrary.

Retirees argue that TWU discriminated against them because of their
lack of political power: in order to fend off raids by rival
unions, they claim that TWU maximized equity distributions to
voting members by withholding equity from members who chose to
leave American through the Early Separation program. Retirees claim
that TWU chose to discriminate against them because other members
would possess more political power in any upcoming representation
elections.

The Ninth Circuit previously held that unions cannot discriminate
against their members based on political animus or even political
expediency. But Retirees pleadings lack facts from which the Court
can plausibly infer that TWU discriminated against them on the
basis of raw political power. And absent from Retirees' allegations
are any overt indications of political animus. Retirees have not
directed the Court to any statements showing animus towards them by
TWU leadership or the committee responsible for drafting the equity
plan.

Based on the facts alleged by Retirees and attested to in documents
attached to their complaint, the Ninth Circuit holds that the
district court did not err when it found that allegations of
discrimination were implausible.

Finally, the Court agrees with Retirees that a union's decision to
buck its own internal procedures may, in some circumstances,
support an inference of bad faith. Here, however, Retirees have
failed to put before the Court any internal rule or policy that TWU
violated during the equity distribution process.

The appeals case is DANIEL DEMETRIS; WILLIAM BURKE; DANIEL
BURSTEIN; PATRICK COLLINS; RICHARD GORGAS; PAUL HERFEL; ROBERT
MARINI; ABDUL MORANI; PAUL MORRONE; ROBERT PALACEK, individually
and on behalf of all others similarly situated,
Plaintiffs-Appellants, v. TRANSPORT WORKERS UNION OF AMERICA,
AFL-CIO, Defendant-Appellee. MARK LETBETTER; MIKE McDONALD; RICK
ARNEGARD; WILLIAM BELL; WILLIAM BLACK; LONNIE BRADBURY; JOHN
BREEDEN; ROGER BROWN; SCOTT BROWN; JOHN BYNUM; MIKE CODY; JOHN
CRAWFORD; BILLIE CUMMINS; GEORGE DANKER; DON DRAPER; MICHAEL
ELMORE; WADE FAUST; JERRY FRAZIER; KEVIN GORREMANS; MARY GORREMANS;
JAMES HAYDEN; BRENDA HIGLEY; RANDY HOLLAND; JIM BOB JACKSON; ALAN
KEITH; EARL KUPPINGER; SOREN LOHMAR; DEBORAH McDANIEL; JOHNNY
McDANIEL; MIKE McNAMARA; STEVE NUNN; MIKE REYES; GEORGE RODRIGUEZ;
MIKE SHARP; JERRY SHUPE; CURTIS SIMER; ROBERT SOMMERS; RONALD SWAN;
TERRANCE THOMAS; BILL THORSON; JIM TROSKEY; JAMES WALL; LARRY
WEBER; CHOKUSHIN URASAKI; STEVE ABSHIER; RALPH BACON; RONNIE
BERTRANG; TRAICE BRYANT; DAN BURKE; KEVIN CALMAN; DONALD CAUDLE;
JERRY COLLARD; DOUG CREEKMORE; HUGH COOPER; BARBARA DEJEAR; BRYAN
DESHAZO; LIDIO A. DOBRICH; DAVID ELDER; JOHN ELLER; MIKE ELLER; NED
ELZO; RON ENGLES; DONALD FARRIS; ROBERT FLYNN; RANDY FORRESTER;
JESSE FOSTER; STEVE FREGARA; PAUL GOULET; MARION GREENWALT; PHIL
HALLMAN; McKAYLA HARPER; SCOTT HERMANSON; LARRY HOLMES; ROGER KEMP;
DANIEL KITCHENS; LARRY LAWSON; JACK LOFGREN; PATRICE MANNS; EDWARD
W. MARRACCINI; FARREN MAYFIELD; GAIL MAYFIELD; GREG McBRIDE; FRANK
MEFFORD; KEN MILLER; DANNY MOORE; GERALD MURRAY; JAMES POTTEBAUM;
JOHN REED; ABRAHAM REICHMAN; SHARON RITTER; BEN ROUNDTREE; GARY
RUNYON; MARY RUNYON; ROGER SCHULTZ; TIM SISNEY; JOSEPH W. SMITH;
RONALD SMITH; STEVE ULLRICH; SUSAN VIRDELL; MITCH WALLACE; TERRY
WALLS; KENNETH WARREN; ERIC WHALEY; RAY WHITE; GLENDA WILKERSON;
MIKE WILLIAMS; DON WOODRICH; JOHNNY YEARY; SAM YORK; STEVEN JONES,
on behalf of themselves and all others similarly situated,
Plaintiffs-Appellants, ROY HAILE, Petitioner-Appellant, v. LOCAL
514, TRANSPORT WORKERS UNION OF AMERICA; TRANSPORT WORKERS UNION OF
AMERICA, Defendants-Appellees, Nos. 15-15229, 15-15529 (9th Cir.).

A full-text copy of the Ninth Circuit's Opinion is available at
https://is.gd/7TENef from Leagle.com.

Michael A. Caddell (argued) -- firm@caddellchapman.com -- Cynthia
B. Chapman, and Amy E. Tabor, Caddell & Chapman, Houston, Texas,
for Plaintiffs-Appellants.

Connie K. Chan (argued) -- cchan@altshulerberzon.com -- and Stephen
P. Berzon -- sberzon@altshulerberzon.com -- Altshuler Berzon LLP,
San Francisco, California; Richard Edelman –
redelman@moneygreen.com -- Mooney Green Saindon Murphy and Welch
PC, Washington, D.C.; for Defendant-Appellee Transport Workers
Union of America, AFL-CIO.

Teague P. Patterson, Beeson Tayer & Bodine APC, Oakland,
California; Caroline B. Lapish – clapish@apslaw.com -- Norman
Wohlgemuth Chandler Jeter Barnett & Ray, Tulsa, Oklahoma; for
Defendant-Appellee Local 514, Transport Workers Union of America.

                  About American Airlines

AMR Corp. and its subsidiaries including American Airlines, the
third largest airline in the United States, filed for bankruptcy
protection (Bankr. S.D.N.Y. Lead Case No. 11-15463) in Manhattan
on Nov. 29, 2011, after failing to secure cost-cutting labor
agreements.

The Debtors tapped Weil, Gotshal & Manges LLP as bankruptcy
counsel;  Paul Hastings LLP and Debevoise & Plimpton LLP Groom Law
Group, Chartered, as special counsel; Rothschild Inc., as
financial advisor; and Garden City Group Inc. as claims and notice
agent.

The Official Committee of Unsecured Creditors retained Jack
Butler, Esq., John Lyons, Esq., Felecia Perlman, Esq., and Jay
Goffman, Esq., at Skadden, Arps, Slate, Meagher & Flom LLP as
counsel; Togut, Segal & Segal LLP as co-counsel for conflicts
and other matters; Moelis & Company LLC as investment banker;
and Mesirow Financial Consulting, LLC, as financial advisor.

AMR Corp., emerged from Chapter 11 bankruptcy protection on Dec.
9, 2013, upon which it merged with US Airways Group.  The
combination of American Airlines and US Airways will result in the
largest U.S. airline, with the leading share of traffic along the
East Coast and Central U.S. regions.


AMERICAN APPAREL: Taps ASK LLP as Special Counsel
-------------------------------------------------
APP Winddown, LLC, formerly known as American Apparel, seeks
approval from the U.S. Bankruptcy Court for the District of
Delaware to hire ASK LLP as special counsel.

The firm will assist the company and its affiliates in the
investigation, prosecution, and recovery of certain avoidance
actions in their Chapter 11 cases.

ASK will be compensated in accordance with this fee structure:    

     (a) Pre-Suit. The firm will earn legal fees on a contingency
         basis of 15% of the cash value, plus 15% of the cash      
   
         equivalent value of any administrative claim waiver
         (other than one based on a 502(h) claim) obtained on all
         avoidance actions it pursues.

     (b) Post-Suit. The firm will earn legal fees on a contingency

         basis of 25% of the cash value, plus 25% of the cash
         equivalent value of any administrative claim waiver
        (other than one based on a 502(h) claim) obtained on all
         avoidance actions it pursues.

     (c) Post-Judgment. The firm will earn legal fees on a
         contingency basis of 30% of the cash value, plus 30% of
         the cash equivalent value of any administrative claim
         waiver (other than one based on a 502(h) claim) obtained
         on all avoidance actions it pursues.

Joseph Steinfeld, Jr., co-managing principal of ASK, disclosed in a
court filing that his firm is a "disinterested person" as defined
in section 101(14) of the Bankruptcy Code.

In accordance with Appendix B-Guidelines for reviewing fee
applications filed by attorneys in larger Chapter 11 cases, Mr.
Steinfeld disclosed that his firm has not agreed to any variations
from, or alternatives to, its standard or customary billing
arrangements.  

Mr. Steinfeld also disclosed that no ASK professional has varied
his rate based on the geographic location of the Debtors'
bankruptcy cases.

ASK can be reached through:

     Joseph L. Steinfeld, Jr.
     ASK LLP
     151 West 46th Street, 4th Floor
     New York, NY 10036
     Tel: 212-267-7342
     Fax: 212-918-3427

                      About American Apparel

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

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

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

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

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

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

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

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

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


AMERICAN SEAFOODS: S&P Cuts $115MM 2nd Lien Loan Rating to CCC+
---------------------------------------------------------------
S&P Global Ratings downgraded American Seafoods Group LLC's $115
million second-lien term loan, of which the amount changed from
$150 million previously. S&P lowered the issue-level rating to
'CCC+' from 'B-', and revised the recovery rating to '6' from '5',
indicating its expectation of negligible recovery (0-10%, rounded
estimate 5%) in the event of a payment default.

At the same time, S&P affirmed the 'BB-' issue rating on the
company's $60 million revolver and $600 million first-lien term
loan, with a recovery rating of '1', indicating S&P's  expectation
for very high recovery (90%-100%, rounded estimate 95%) of
principal and prepetition interest in the event of a payment
default.

The 'B' corporate credit rating and stable outlook on ASG Parent
LLC are unaffected by this transaction.

RATINGS LIST
  ASG Parent LLC
   Corporate credit rating         B/Stable/--

  Downgraded
                                 To       From
  American Seafoods Group LLC
   Senior secured   $115 mil.
    2nd lien term loan           CCC+     B-
     Recovery rating             6(5%)    5(25%)

  Issue Ratings Affirmed; Recovery Ratings Unchanged
  American Seafoods Group LLC  Senior secured
  First lien                     BB-
   Recovery Rating               1(95%)


AMP CONSTRUCTION: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: AMP Construction and Restoration, LLC
        500 Jungermann Road, Suite 200
        Saint Peters, MO 63376

Business Description: AMP Construction -- http://amproof.com-- is
                      a roofing contractor in Saint Peters,
                      Missouri.

Chapter 11 Petition Date: July 27, 2017

Case No.: 17-45108

Court: United States Bankruptcy Court
       Eastern District of Missouri (St. Louis)

Judge: Hon. Charles E. Rendlen III

Debtor's Counsel: Thomas H. Riske, Esq.
                  CARMODY MACDONALD P.C.
                  120 South Central Avenue, Suite 1800
                  Clayton, MO 63105
                  Tel: 314-854-8600
                  Fax: 314-854-8660
                  E-mail: thr@carmodymacdonald.com

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by John Michael Settlemyer, managing
member.

The Debtor's list of 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/moeb17-45108.pdf


ANEW YOU MEDICAL: Case Summary & 18 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: Anew You Medical Weight Loss and Spa PLLC
        14602 Huebner Rd #100
        San Antonio, TX 78230

Business Description: San Antonio-based Anew You --
                      https://anewyousa.com/ -- is a new upscale
                      med spa with the most innovative medical
                      technology in lasers, injections, medical
                      weight loss, beauty and wellness services.

Chapter 11 Petition Date: July 28, 2017

Case No.: 17-51756

Court: United States Bankruptcy Court
       Western District of Texas (San Antonio)

Judge: Hon. Craig A. Gargotta

Debtor's Counsel: Todd J. Malaise, Esq.
                  MALAISE LAW FIRM
                  909 NE Loop 410, Suite 300
                  San Antonio, TX 78209
                  Tel: (210) 732-6699
                  Fax: (210) 732-5826
                  E-mail: notices@malaiselawfirm.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Margaret Sheryl Wehner, managing
member.

The Debtor's list of 18 largest unsecured creditors is available
for free at http://bankrupt.com/misc/txwb17-51756.pdf


APOLLO RESIDENTIAL: Egan-Jones Withdraws 'B' Sr. Unsec. Ratings
---------------------------------------------------------------
Egan-Jones Ratings Company, on June 14, 2017, withdrew the 'B'
senior unsecured ratings on debt issued by Apollo Residential
Mortgage Inc.  EJR also withdrew the 'C' commercial paper rating on
the Company.

Apollo Residential Mortgage, Inc. primarily invests in residential
mortgage assets in the United States.



AREF SENNO: Wildts Buying Chicago Property for $500K
----------------------------------------------------
Aref and Pauline Senno ask the U.S. Bankruptcy Court for the
Northern District of Illinois, Eastern Division, to authorize the
sale of real estate located at 3036 W. Irving Park Rd.., Chicago,
Illinois, PIN# 13-13-326-036-0000, to C. Alan and Margaret Wildt
for $500,000.

A hearing on the Motion is set for Aug. 22, 2017 at 10:00 a.m.

The Debtors currently own the Property valued at approximately
$500,000.  It is encumbered by three liens, namely: a first lien
belonging to Propel Funding Multistate, LLC for redemption of sold
property taxes in the amount of $8,241, a second lien belonging to
Cook County for unpaid real estate taxes in the amount of
approximately $26,906; and a third lien held by the BCL-BF2, LLC
ISAOA in the amount of approximately $2,900,000.

The lien of BCL-BF2, LLC ISAOA is a cross collateralized lien also
secured several other items of the Debtors' real and personal
property itemized in the attached Forbearance Agreement.  As part
of its plan to reorganize, the Debtors realize that they must
divest themselves of some of the Property and has found a buyer to
pay $500,000 for the Property which is fair market value.

The Debtors propose to sell the Property to the Buyers free and
clear of all liens, with such liens to attach to the proceeds from
the sale of the Property in the same priority that they currently
have.  The Buyers have made a deposit of $7,500, which is 1.5% of
the purchase price, into an escrow account as earnest money.  The
Closing will be on Aug. 31, 2017.

A copy of the Contract and Forbearance Agreement attached to the
Notice is available for free at:

     http://bankrupt.com/misc/Aref_Senno_46_Sales.pdf

The terms of the Contract for Sale are fair and reasonable under
the circumstances.  It is in the best interest of the Debtors, and
their creditors to have the Court approve the Contract for Sale and
allow the Debtor to sell the Property to the Buyer.

The Purchasers:

          C. Alan and Margaret Wildt
          20363 Garner Road
          Virginia, IL 62691
          Cellphone: (217) 370-7540
          E-mail: Jonathanwildt@gmail.com

Counsel for the Debtors:

          Ben Schneider, Esq.
          SCHNEIDER & STONE
          8424 Skokie Blvd., Suite 200
          Skokie, IL 60077
          Telephone (847) 933-0300
          E-mail: ben@windycitylawgroup.com

Aref Senno and Pauline Senno sought Chapter 11 protection (Bankr.
N.D. Ill. Case No. 17-14412) on May 8, 2017.  The Debtor tapped Ben
L. Schneider, Esq., at Schneider & Stone as counsel.


ART'S-WAY MFG: Working Capital Shortages Raise Going Concern Doubt
------------------------------------------------------------------
Art's-Way Manufacturing Co., Inc., filed its quarterly report on
Form 10-Q, disclosing a net loss of $527,560 on $4,689,354 of sales
for the three months ended May 31, 2017, compared with a net loss
of $56,571 on $5,297,970 of sales for the same period in 2016.  

For the six months ended May 31, 2017, the Company listed a net
loss of $777,588 on $9,110,522 of sales, compared to a net income
of $24,401 on $11,010,651 of sales for the same period in the prior
year.

The Company's balance sheet at May 31, 2017, showed $27.27 million
in total assets, $10.51 million in total liabilities, and a
stockholders' equity of $16.76 million.

During fiscal 2017, the Company has incurred operating losses from
continuing operations, which has depleted working capital.  The
Company expects further losses during the continued depressed
agricultural economy.  There can be no assurance that the Company
will have adequate capital resources to fund planned operations or
that any additional funds will be available to the company when
needed, or if available, will be available on favorable terms in
the amounts required by the Company.  There is also no assurance
that the Company will have adequate capital to pay the scheduled
maturities of term debt.

Management is currently implementing several strategies aimed at
alleviating our working capital shortages for the duration of the
decreased economic cycle.  At this time, the Company's Dubuque
facility is available for sale.  Should the Company be able to
complete a real estate sale in the near future, its bank borrowings
would be decreased, and the remainder of the funds could be used to
fund working capital for a time.  The Company's facility in West
Union is currently held for lease.  And if sold, would also provide
funds to decrease bank borrowings and fund working capital.  The
Company is reviewing options to address the liquidity concerns, and
is actively working to restructure our debt with longer
amortizations and reduced payments, while reducing its working
capital needs through expense reductions.  Another liquidity
improvement strategy being reviewed includes the possibility of
raising additional capital.

A copy of the Form 10-Q is available at:

                        http://bit.ly/2v04jTR

Art's-Way Manufacturing Co., Inc., is a worldwide manufacturer of
agricultural equipment.  The Company manufactures agricultural
equipment, specialized modular science buildings, pressurized steel
vessels and steel cutting tools.  The Company operates through four
segments: Agricultural Products, Pressurized Vessels, Modular
Buildings and Tools.  The Company's principal manufacturing plant
is located in Armstrong, Iowa.



AVAYA INC: Gets Court's Nod to File Plan Exclusively Thru Sept. 16
------------------------------------------------------------------
BankruptcyData.com reported that the U.S. Bankruptcy Court approved
Avaya's motion to extend by 60 days the exclusive period during
which the Company can file a Chapter 11 plan and solicit
acceptances thereof through and including September 16, 2017 and
November 15, 2017, respectively.  As previously reported, "The
Debtors have engaged in direct discussions with key stakeholders,
reflecting a substantial portion of their overall capital
structure, in an effort to achieve a global resolution among such
groups regarding their ultimate reorganization. While the
confidential nature of these discussions preclude a more fulsome
description at the present time, the Debtors strongly believe that
the brief, 60-day continuation of the Exclusivity Periods will
further these discussions and, hopefully, facilitate a successful
conclusion in the near term. Conversely, terminating or limiting
the Debtors' exclusivity at this crucial juncture in these chapter
11 cases could jeopardize the progress made to date, and hinder the
ongoing negotiations, which are aimed at providing a clear path to
emergence for these estates."

                    About Avaya Inc.

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

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

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

Judge Stuart M. Bernstein presides over the cases.

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

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

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


BAVARIA YACHTS: Hires Dombrowski as Special Counsel
---------------------------------------------------
Bavaria Yachts USA, LLP seeks authorization from the U.S.
Bankruptcy Court for the Northern District of Georgia to employ
Alexander Dombrowski, PA as special counsel, nunc pro tunc to April
22, 2017.

Previously, the Debtor sought and obtained authority from the Court
to retain Robert Allen Law as special counsel, and Alexander
Dombrowsky specifically was the lead attorney named by the Debtor
as the reason for the prior retention of RAL.  The Debtor has been
notified that Mr. Dombrowsky has left RAL and has formed Alexander
Dombrowski, PA effective April 22, 2017.  By this Application, the
Debtor seeks authority to employ Alexander Dombrowski and the firm
of Alexander Dombrowski, PA as special counsel for the Debtor for
the matters related to Bavaria Yachtbau GmbH.

Dombrowsky will be paid at these hourly rates:

     Alexander Dombrowski                $450
     Associate Attorney                  $350
     Legal Assistants                    $125

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

Alexander Dombrowski, Esq., member of the law firm of Alexander
Dombrowsky, PA, assured the Court that the firm does not represent
any interest adverse to the Debtor and its estates.

Dombrowsky may be reached at:

      Alexander Dombrowski, Esq.
      Alexander Dombrowsky, PA

                    About Bavaria Yachts USA

Bavaria Yachts USA, LLLP is a Georgia limited liability limited
partnership which is in the business of buying and selling new and
used Bavaria boats.

Bavaria Yachts USA, LLLP sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Ga. Case No. 16-68583) on October 18,
2016.  The petition was signed by Kenneth Feld, manager of Oddbody
LLC, the Debtor's general partner. At the time of the filing, the
Debtor estimated its assets and liabilities at $1 million to $10
million.

The Debtor tapped Louis G. McBryan, Esq. of McBryan LLC to serve as
legal counsel in connection with its Chapter 11 case. The Debtor
hires Alexander Dombrowsky, Esq. at Robert Allen Law as its special
counsel; and Mark M. Chase and Chase CPA, LLC as its accountants.

An official committee of unsecured creditors has not been
appointed in the Chapter 11 case.


BCBG MAX AZRIA: Wins Confirmation of Sale-Based Chapter 11 Plan
---------------------------------------------------------------
Judge Shelley C. Chapman on July 26, 2017, entered findings of fact
and an order confirming a Chapter 11 Plan for BCBG Max Azria Global
Holdings, LLC, and its debtor affiliates, which Plan contemplates
the entry of these transactions:

   * Marquee Brands, LLC (the "IPCo Purchaser") will purchase the
Debtors' intellectual property and certain other assets;

   * GBG USA Inc. (the "OpCo Purchaser") will purchase certain
businesses and related assets, including up to 43 of the Debtors'
existing retail store locations, up to all of the Debtors' existing
partnershops, including certain Canadian operating locations, the
Debtors' existing wholesale business, the Debtors' existing
ecommerce business, and inventory and purchase orders
corresponding with the foregoing. The OpCo Purchaser also intends
to hire the majority of the Debtors employees; and

   * The Debtors or Post-Effective Date Debtors, as applicable,
under the supervision of the Plan Administrator, will liquidate and
wind down the stores and assets not purchased by the OpCo
Purchaser, and distribute the proceeds thereof to creditors in
accordance with the terms of the Plan.

The Debtors, the Purchasers, and Allerton Funding, LLC ("Allerton
Funding"), the holder of 100 percent of the Term Loan New Tranche A
Claims, entered into the Plan Support Agreement.  Designer Apparel
Dual Holdings, LLC, on behalf of 100 percent of the Term Loan
Tranche B Claims, subsequently joined the Plan Support Agreement on
June 23, 2017, as a supporting creditor.  Further, the official
committee of unsecured creditors agreed to support the Plan and
issued a letter of support that was included in the was included in
solicitation materials.

The implied value of the transactions contemplated by the Plan is
approximately $162.5 million, comprised of approximately:

   -- $135.6 million of cash proceeds from the Purchasers;

   -- $7.6 million of liabilities assumed by the Purchasers; and

   -- $19.3 million of cash proceeds from the Store Closing Sales
and collection of accounts receivable.

As reported in the TCR, the Plan provides holders of priority
claims (Class 3) with a recovery of 100%, Term Loan Tranche B
claims (Class 5) with a recovery of 0.6%, and unsecured claims
(Class 6) a recovery between 0% and 0.2%.  Although the exact
recovery for holders of Term Loan New Tranche A claims (Class 4) is
currently unknown, they will receive the "excess distributable
cash" and accrued interest under the Royalty Sharing Agreement,
which the Debtors estimate will be greater than a 0% percent
recovery.

On June 23, 2017, the Court entered the order approving the
Disclosure Statement, and the Debtors filed the solicitation
versions of the Plan and Disclosure Statement.  Thereafter, the
Debtors promptly commenced solicitation of votes on the Plan in
compliance with the Disclosure Statement Order.

Each creditor Class entitled to vote at each Debtor entity
overwhelming voted to accept the Plan.  Specifically, the holders
of Claims in Class 4 Term Loan New Tranche A Claims ($56.1
million), Class 5 Term Loan Tranche B Claims ($289.4 million), and
Class 6 Unsecured Claims each voted to accept the Plan.

A hearing to consider confirmation of the Plan was held July 25,
2017.

A copy of the Plan Confirmation Order is available at:

      http://bankrupt.com/misc/BCBG_591_Plan_Order.pdf

                    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.


BELLS FOOD: Hires Schunk Wilson as Accountants
----------------------------------------------
Bells Food Center of Albion, NY, Inc., seeks authorization from the
U.S. Bankruptcy Court for the Western District of New York to
employ Schunk, Wilson, and Company as accountants.

The Debtor requires Schunk to:

     a. prepare the Debtor's tax returns for the year 2016 and
forward as well as for services requested by the Debtor;

     b. assist in the preparation of financial statements and other
financial reporting required by this Court and/or the United States
Trustee; and

     c. provide such other services as may be required by
developments in this case or otherwise requested by the Debtor.

Schunk professionals who will work on the Debtor's case and their
hourly rates are:

     Mark Rojek, Partner                     $147
     Theresa Human, Senior Manager           $106

As of the Petition Date, the Debtor was indebted to Schunk in the
amount of $6,415.85 for pre-petition services. Schunk is prepared
to waive this claim.

Mark Rojek, CPA, owner at the firm of Schunk, Wilson, and Company,
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.

Schunk may be reached at:

      Mark Rojek, CPA
      Schunk, Wilson, and Company
      701 Seneca Street, Suite 604
      Buffalo, NY 14210-1351
      Phone: (716) 839-4900
      Fax: (716) 855-1040

                  About Bells Food Center of Albion

Bells Food Center of Albion NY, Inc., d/b/a Bells Food Center,
d/b/a Save-A-Lot, d/b/a Bell's Food Center of Albion, N.Y., Inc.,
d/b/a Pawlaks Save A Lot, is engaged in the grocery store business.
It is a small business debtor as defined in 11 U.S.C. 101(51D).

Bells Food Center of Albion NY filed a Chapter 11 petition (Bankr.
W.D.N.Y. Case No. 17-10953), on May 8, 2017.  Jerome F. Pawlak,
president, signed the petition.  As of the bankruptcy filing, the
Debtor disclosed $369,526 in assets and $1.72  million in
liabilities.  The Hon. Michael J. Kaplan is the case judge.  The
Debtor is represented by Beth Ann Bivona, Esq. and John R. Weider,
Esq. at Barclay Damon LLP.


BENJAMIN HALL: Real Estate Transaction With Courtway Trust Approved
-------------------------------------------------------------------
Judge Joan N. Feeney of the U.S. Bankruptcy Court for the District
of Massachusetts authorized Benjamin L. Hall, Jr.'s and Hall
Associates Series, LLC - Courtway Series' real estate transaction
involving Courtway Trust Donald Jeffery.

No objections to the Expedited Motion were filed.

Benjamin L. Hall, Jr., filed for Chapter 11 bankruptcy protection
(Bankr. D. Mass. Case No. 15-10973) on March 18, 2015.


BOND AND COMPANY: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: Bond and Company, Jewelers, Inc.
           dba Bond Jewelers
           dba Bond Diamonds
           dba Pandora
        2241 66th St. N.
        St. Petersburg, FL 33710

Business Description: Bond Jewelers and Bond Diamonds sell various

                      kinds of jewelries with store branches in
                      St. Petersburg, Brandon and Sarasota
                      Florida.  bonddiamonds.com, a dynamic online
                      jewelry commerce site, is the online
                      marketing arm of Bond Diamonds and Bond
                      Jewelers.  Focused entirely on jewelry, this
                      online enterprise was created through the
                      vision of some of the World's leading
                      jewelry manufacturers and marketers.

Chapter 11 Petition Date: July 27, 2017

Case No.: 17-06561

Court: United States Bankruptcy Court
       Middle District of Florida (Tampa)

Debtor's Counsel: Scott A. Stichter, Esq.
                  STICHTER, RIEDEL, BLAIN & POSTLER, P.A.
                  110 E. Madison Street, Suite 200
                  Tampa, FL 33602-4700
                  Tel: 813-229-0144
                  Fax: 813-229-1811
                  E-mail: sstichter.ecf@srbp.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Marvin K. Shavlan, president.

The Debtor's list of 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/flmb17-06561.pdf


BROCADE COMMUNICATIONS: Egan-Jones Hikes FC Unsec. Rating to BB+
----------------------------------------------------------------
Egan-Jones Ratings Company, on July 7, 2017, raised the foreign
currency senior unsecured rating on debt issued by Brocade
Communiactions to BB+ from BBB.

Previously, on June 6, 2017, EJR downgraded the local currency
senior unsecured rating on debt issued by Brocade Communications to
BB+ from BBB.

Brocade Communications Systems, Inc. is an American technology
company specializing in data and storage networking products.


BROOK INVESTMENTS: Case Summary & 2 Unsecured Creditors
-------------------------------------------------------
Debtor: Brook Investments Global Ltd.
        1521 West Kilbourn Avenue
        Milwaukee, WI 53233-1720

Business Description: Single Asset Real Estate (as defined in 11
                      U.S.C. Section 101(51B))

Chapter 11 Petition Date: July 28, 2017

Case No.: 17-27418

Court: United States Bankruptcy Court
       Eastern District of Wisconsin (Milwaukee)

Judge: Hon. Brett H. Ludwig

Debtor's Counsel: Paul A. Strouse, Esq.
                  STROUSE LAW OFFICES
                  413 N. 2nd Street, Suite 150
                  Milwaukee, WI 53203
                  Tel: (414) 390-0820
                  E-mail: strouselawoffices@gmail.com

Estimated Assets: $1 million to $10 million

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

The petition was signed by Fan Zhang, agent and shareholder.

The Debtor's list of two unsecured creditors is available for free
at http://bankrupt.com/misc/wieb17-27418.pdf


BRYAN DEARASAUGH: Sale of Conway Properties for $275K Approved
--------------------------------------------------------------
Judge Ben Barry of the U.S. Bankruptcy Court for the Eastern
District of Arkansas authorized Bryan and Karen Dearasaugh to sell
their separate parcels of improved real property: (i) located at
1618-1620 Robinson and 1622-1624 Robinson Street South, Conway,
Faulkner County, Arkansas to GLP Investments, LLC for $175,000;
(ii) located at 19 Earl in Conway, Faulkner County, Arkansas ("Earl
Real Property") to Aaron and Angela Kruse for $57,500; and (iii)
located at 537-539 Oliver Street in Conway, Faulkner County,
Arkansas ("Oliver Real Property") to RT Real Estate for $42,500.

The various tracts of Real Property will be transferred and
conveyed to the Buyers free and clear of all liens, claims,
interests, and encumbrances.  The sale is on a strictly "as is,
where is" basis with no warranties being extended except as to
title.

On the Closing Date, the closing agent will pay-in-full all
required closing costs for the sale and all mortgage indebtedness
secured by the Real Property.

The proceeds from the sale of the Real Property will be paid as
described in the Motion and set forth:

     a. There will be a 5% real estate commission on each tract of
Real Property;

     b. Any delinquent or current real estate taxes will be paid in
full at closing;

     c. Each party will pay closing costs as set forth in the
Purchase Agreement; and

     d. The remaining net proceeds will be paid as follows:

          i. As to the Earl Real Properyu to First Security Bank
and applied first to accrued interest on Loan 4075 (described more
particularly in First Security Bank's Motion to Prohibit Use of
Cash Collateral), next to principal on said Loan 4075, with any
remaining amounts to be applied to the balance on any remaining
loans between the Debtors and First Security Bank to such loans as
First Security Bank decides in its discretion.

          ii. As to Oliver Real Properyu to First Security Bank and
applied first to accrued interest on Loan 8288 (described more
particularly in First Security Bank's Motion to Prohibit Use of
Cash Collateral), next to principal on said Loan 8288, with any
remaining amounts to be applied to the balance on any remaining
loans between the Debtors and First Security Bank to such loans as
First Security Bank decides in its discretion.

          iii. As to 1618-1620 Robinson, Conway, Arkansas, to the
first mortgage holder JP Morgan Chase on Loan 5775 to pay such loan
in full and mortgage holder First Security on Loan 7011 to pay such
loan-in-full, with any remaining amounts up to the sum of $15,000
to be applied to the balance on any remaining loans between the
Debtors and First Security Bank to such loans as First Security
Bank decides at its discretion.

          iv. As to 1622-1624 Robinson, Conway, Arkansas, to the
first mortgage holder JP Morgan Chase on Loan 6170 to pay such loan
in full and mortgage holder First Security on Loan 7011 to pay such
loan-in-full, then in the event the amount paid to First Security
Bank under Paragraph 15(d)(iii) of this Order is less than $15,000,
such funds as necessary to pay First Security Bank a total of
$15,000 in the aggregate from the net sales proceeds of 1618-20
Robinson and 1622-1624 Robinson, Conway, Arkansas with any
remaining amounts to be applied to the balance on any remaining
loans between the Debtors and First Security Bank to such loans as
First Security Bank decides in its discretion.  The balance of the
net proceeds will be paid to the Debtors to pay Chapter 11
administrative expenses, which include, but are not limited to US
Trustee Quarterly Fees and attorneys' fees to their counsel.

The Debtors calculate the net proceeds to be paid to First Security
Bank and the Debtors under the overall sale of 1618-1620 Robinson
and 1622-1624 Robinson, Conway, Arkansas to be $15,000 each.

The Order will be effective immediately upon its entry and the
14-day set forth in Rule 6004(g) of the Federal Rules of Bankruptcy
Procedure will not apply.

Bryan and Karen Dearasaugh sought Chapter 11 protection (Bankr.
E.D. Ark. Case No. 17-10969) on Feb. 20, 2017.  The Debtors tapped
Kevin P. Keech, Esq., at Keech Law Firm, PA, as counsel.


BULOVA TECHNOLOGIES: Will Acquire Big Red for $504,000
------------------------------------------------------
Bulova Technologies Group, Inc., entered into a Stock Purchase
Agreement dated July 20, 2017, to acquire all of the stock of Big
Red LTL Transport, Inc.

The acquisition has a purchase price of $504,000 in the form of a
seven year unsecured promissory note payable without interest, plus
the assumption of certain liabilities.

The Company, through its acquisition of Big Red, acquired a
subsidiary owning or leasing 27 trucks, 38 refrigerated
trailers with hubs in Netcong, New Jersey and Chicago,
Illinois.

The seller is an independent third party and has no prior
relationship to the Company and/or its officers.

A full-text copy of the Asset Purchase Agreement is available for
free at https://is.gd/baT2cP

                          About Bulova

Bulova Technologies Group, Inc., was originally incorporated in
Wyoming in 1979 as "Tyrex Oil Company".  During 2007, the Company
divested itself of all assets and previous operations.  During
2008, the Company filed for domestication to the State of Florida,
and changed its name to Bulova Technologies Group, Inc., and
changed its fiscal year from June 30 to September 30.

Bulova reported a net loss attributable to the Company of $8.06
million on $18.72 million of revenues for the year ended Sept. 30,
2016, compared to a net loss attributable to the Company of $5.44
million on $1.75 million of revenues for the year ended Sept. 30,
2015.  

As of March 31, 2017, Bulova had $18.28 million in total assets,
$37.26 million in total liabilities, and a total shareholders'
deficit of $18.97 million.

Stevenson & Company CPAS LLC, in Tampa, Florida, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Sept. 30, 2016, noting that the Company has
significant net losses and cash flow deficiencies.  Those
conditions raise substantial doubt about the Company's ability to
continue as a going concern.


BUS-A-MOVE: Case Summary & 4 Unsecured Creditors
------------------------------------------------
Debtor: Bus-A-Move LLC
        2642 West 28th Street
        West Palm Beach, FL 33404

Business Description: Bus-A-Move -- http://www.busamove.net-- is
                      a family owned and operated company that
                      provides transportation services throughout
                      the U.S. and Canada for family
                      reunions, concert events, sport events,
                      corporate events, proms, bachelor/
                      bachelorette parties and tours.  The
                      Company is a member of the United Motorcoach
                      Association and a fully insured company.

Chapter 11 Petition Date: July 28, 2017

Case No.: 17-19591

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

Judge: Hon. Erik P. Kimball

Debtor's Counsel: Michael A Kaufman, Esq.
                  1615 Forum Place, Suite 3A
                  West Palm Beach, FL 33401
                  Tel: 561.478.2878
                  Fax: 561.584.5555
                  E-mail: michael@mkaufmanpa.com

Total Assets: $1.20 million

Total Liabilities: $110,114

The petition was signed by Ernest Burrs Jr, manager and member.

The Debtor's list of four unsecured creditors is available for free
at http://bankrupt.com/misc/flsb17-19591.pdf


CAMBER ENERGY: GBH CPAs, PC Raises Going Concern Doubt
------------------------------------------------------
Camber Energy, Inc., filed with the U.S. Securities and Exchange
Commission its annual report on Form 10-K, disclosing a net loss of
$89,123,239 on $5,302,024 of total revenues for the year ended
March 31, 2017, compared with net loss of $25,449,755 on $968,146
of total revenues for the year ended March 31, 2016.

The Company's independent accountants GBH CPAs, PC, in Houston,
Texas, states that the Company has incurred significant losses from
operations and had a working capital deficit at March 31, 2017.
These factors raise substantial doubt about the Company's ability
to continue as a going concern.

At March 31, 2017, the Company had total assets of $39.86 million,
total liabilities of $50.43 million, and $10.57 million in total
stockholders' deficit.

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

                     http://bit.ly/2uAzQLX

                      About Camber Energy

Based in Houston, Texas, Camber Energy, Inc., is a growth-oriented,
independent oil and gas company engaged in the development of crude
oil and natural gas in the Austin Chalk and Eagle Ford formations
in south Texas, the Permian Basin in west Texas, and the Hunton
formation in central Oklahoma.

Lucas Energy changed its name to Camber Energy, Inc., effective
Jan. 5, 2017, to more accurately reflect the Company's strategic
shift from its Austin Chalk and Eagleford roots to an expanding
addition of shallow oil and gas reserves with longer-lived,
lower-risk production profiles.



CANNABICS PHARMACEUTICALS: Losses Raise Going Concern Doubt
-----------------------------------------------------------
Cannabics Pharmaceuticals Inc. filed its quarterly report on Form
10-Q, disclosing a net loss of $245,428 on $1,571 of net revenue
for the three months ended May 31, 2017, compared with a net loss
of $26,480 on $50,000 of net revenue for the same period in 2016.


For the nine months ended May 31, 2017, the Company listed a net
loss of $830,742 on $2,814 of net revenue, compared to a net loss
of $238,660 on $62,500 of net revenue for the same period in the
prior year.

The Company's balance sheet at May 31, 2017, showed $3,462,824 in
total assets, $586,212 in total liabilities, all current, and a
stockholders' equity of $2,876,612.

The Company has incurred a net loss of $830,742 for the nine months
ended May 31, 2017, and has incurred cumulative losses since
inception of $2,417,061.  These conditions raise substantial doubt
about the ability of the Company to continue as a going concern.

The ability of the Company to continue as a going concern is
dependent upon its abilities to generate revenues, to continue to
raise investment capital, and develop and implement its business
plan.

A copy of the Form 10-Q is available at:

                        http://bit.ly/2vgPVHg

Cannabics Pharmaceuticals Inc., formerly American Mining Company,
is a biotechnology pharmaceutical company.  The Company is engaged
in pharmaceutical development.  The Company is focused on
development and licensing of cannabinoid-based treatments and
therapies.  It develops and markets various therapies and
biotechnological tools aimed at providing relief from ailments that
respond to active ingredients sourced from the cannabis plant.  The
Company was incorporated in Nevada on September 15, 2004, and is
based in Bethesda, Maryland.


CAPITOL LITHO: Real Estate Firm Not Entitled to Attorney's Fees
---------------------------------------------------------------
Judge Eddward P. Ballinger, Jr., of the U.S. Bankruptcy Court for
the District of Arizona issued an order denying BGC Real Estate of
Arizona, LLC's Application for Attorney's Fees and Costs.

On Dec. 27, 2015, the Court approved Debtors' request to employ BGC
and its agents, Geoffrey M. Waldrom and Dan Dobric to market and
sell certain real estate of Debtors. Debtors sought BGC's
employment and agreed to pay BGC a fixed commission based on a
percentage of the selling price as provided in the listing
agreement executed between the parties.

After the sale of the property, the Debtors objected to BGC's
commission. The Court overruled Debtors' objection and concluded
that BGC was entitled to a 4% sales commission and permitted BGC to
file an application for attorney's fees and costs pursuant to the
listing agreement and Arizona Revised Statute section 12-341.01.
BGC filed its application seeking fees under the listing
agreement's prevailing party provision, A.R.S. section 12-341.01,
and 11 U.S.C. section 330(a)(3). Debtors objected on a variety of
grounds that the Court rejected during a hearing held on April 11,
2017. However, at that hearing, the U.S. Trustee questioned whether
the fees were prohibited by the U.S. Supreme Court's decision in
Baker Botts L.L.P. v. Asarco LLC and its progeny. The Court granted
the parties the opportunity to brief the issue.

The Court has reviewed the parties' briefs and additional relevant
case law and concludes that that BGC is not entitled to an award of
its attorneys' fees incurred defending its commission. Judge
Ballinger opines that bankruptcy is highly regulated, and Congress
has placed significant limits and controls on the employment and
payment of professionals to prevent dissipation of limited estate
assets. To this end, courts require strict compliance with these
rules and Code provisions. To allow professionals to contract
around the requirements of sections 327, 328 and 330 in this
situation would eviscerate the requirement that professionals be
paid for the actual, necessary services they provided and expenses
they incurred on behalf of the estate. Although this case involves
in-house counsel for BGC, that does not mean counsel was employed
as a professional pursuant to section 327.

Additionally, the defense fees were not actual or necessary to the
work for which BGC was specifically employed. The defense fees in
no way benefitted the estate. The prevailing party provision in the
listing agreement is very broad and does not suggest that defense
fees could or would be sought in this case and the purported right
to receive these fees was not considered by this Court. The order
approving BGC's employment made no mention of the prevailing party
provision. The parties referred solely to BGC’s right to receive
its commission as set forth in the listing agreement and that any
reimbursement of expenses would be made pursuant to section
330(a)(1)(B). While Baker Botts recognizes that contractual fee
provisions may provide an exception to the American Rule for
purposes of sections 327, 328 and 330, it is difficult to see a
situation in which such a prevailing party provision could be
upheld at least with respect to attorneys' fees incurred defending
a professional's compensation. At minimum, such a provision would
need to be brought to the Court's attention during consideration of
the professional's application to employ.

Finally, BGC argues that application of Baker Botts merely reduces
its fees because a good portion of the fees was incurred in
preparing its request for fees, as opposed to defending its
commission. The Court disagrees. A review of the billing statements
attached to the fee application all relate to the dispute over
BGC's commission. An award of fees against the estate for preparing
that fee application constitutes overreaching.

A full-text copy of Judge Ballinger's Order dated July 28, 2017, is
available at:

     http://bankrupt.com/misc/azb2-14-13840-417.pdf

Headquartered in Phoenix, Arizona, Capitol Litho Printing
Corporation -- aka Capitol Litho and CL Printing -- filed for
Chapter 11 bankruptcy protection (Bankr. D. Ariz. Case No.
14-13840) on Sept. 9, 2014, estimating its assets at up to $50,000
and its liabilities at between $1 million and $10 million.  The
petition was signed by Ron Perryman, president.

Judge Eddward P. Ballinger, Jr., presides over the case.

Thomas G. Luikens, Esq., at Ayers & Brown, P.C., serves as the
Debtor's bankruptcy counsel.

On Nov. 24, 2014, Ronnie H. Perryman filed for Chapter 11
bankruptcy protection (Bankr. D. Ariz. Case No. 14-17480).


CARMIKE CINEMAS: Egan-Jones Withdraws B+ Sr. Unsec. Ratings
-----------------------------------------------------------
Egan-Jones Ratings Company, on June 9, 2017, withdrew the B+ senior
unsecured ratings on debt issued by DuPont Fabros Technology Inc.

Carmike Cinemas was a motion picture exhibitor headquartered in
Columbus, Georgia. As of March 2016, the company had 276 theaters
with 2,954 screens in 41 states, and was the fourth largest movie
theater in the United States.



CARRINGTON FARMS: Hires James H. Murray as Financial Consultant
---------------------------------------------------------------
Carrington Farms Condominium Owners' Association seeks
authorization from the U.S. Bankruptcy Court for the District of
New Hampshire to employ James H. Murray as financial consultant.

The Debtor requires James H. Murray to:

     a. assist the Debtor's Board of Directors over financial
issues arising in the Case;

     b. review the Debtor's accounting system, recommend changes
and review financials;

     c. assist Attorney William S. Gannon, the Debtor's counsel, by
providing financial information on the status of the company's
finances and projections necessary for the formulation and
confirmation of a plan;

     d. assist with any requests for information and reports from
the U.S. Trustee's office;

     e. provide the other services described in the Engagement
Letter.

The Debtor agrees to compensate James H. Murray at $150 per hour.

James H. Murray will also be reimbursed for reasonable
out-of-pocket expenses incurred.

James H. Murray assured the Court that he 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.

James H. Murray may be reached at:

     James H. Murray
     3 Windmill Lane
     Atkinson, NH 03811
     Tel: (617) 901-9067

                    About Carrington Farms
                Condominium Owners Association

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

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


CASHMAN EQUIPMENT: Hires C. Breit Marine Services as Appraiser
--------------------------------------------------------------
Cashman Equipment Corp., seeks authorization from the U.S.
Bankruptcy Court for the District of Massachusetts to employ C.
Breit Marine Services, LLC as appraiser.

Cashman Equipment Corp. ("CEC")  was formed in 1995 with a fleet of
ten (10) barges servicing the New England construction industry.
The Debtors have since expanded their operations and CEC is now the
largest operator of offshore barges in the world.

The Debtors intend to continue their operations in the ordinary
course of business while reducing the size of the Fleet and the
related indebtedness through the orderly sale of certain assets, in
order to restructure their businesses and remaining indebtedness.

The Debtors seek to employ Marine Services, along with Marine
Safety Consultants to prepare appraisals so that, among other
things, the Debtors can expeditiously determine appropriate prices
at which to market and sell certain vessels of the Fleet.

Marine Services will seek compensation based as follows:

    Desktop Valuation                 $500 per voyage/vessel
    Physical Inspection
          and Valuation               hourly at $95 per hour with 4
hr.
                                      minimum plus expenses

    Deposition and testimony          $150 per hour plus expenses
                                      in accordance with annexed
                                      proposal                   

Upon approval of this Application, the Debtors shall pay to the
Appraiser a retainer of $7,500.00.

Conrad Breit, principal at C. Breit Marine Services, LLC, assured
the Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtor and its estates.

Marine Services may be reached at:

       Conrad Breit
       C. Breit Marine Services, LLC
       111 Acadia Lane
       Destrehan, LA 70047
       Phone: (985) 764-1360

About Cashman Equipment Corp.

Headquartered in Boston, Massachusetts, Cashman Equipment Corp.
-- http://4barges.com/-- was founded in 1995 as a barge rental and
marine contracting company with a fleet of 10 barges, 9 of which
were built in the 1950s and 1960s.  Cashman Equipment and certain
of its affiliates and subsidiaries own, operate, rent, and sell a
fleet of vessels, including inland and ocean barges, marine
accommodation barges, specialized oil spill recovery barges, and
tugs, as well as marine equipment, such as cranes, accommodation
units, and marine pollution skimmers.

Cashman Equipment and certain of its affiliates and subsidiaries,
Cashman Scrap & Salvage, LLC, Servicio Marina Superior, LLC, Mystic
Adventure Sails, LLC, and Cashman Canada, Inc., filed bare-bones
Chapter 11 petitions (Bankr. D. Mass. Lead Case No. 17-12205) on
June 9, 2017. The petitions were signed by James M. Cashman, the
Debtors' president.  Mr. Cashman also commenced his own Chapter 11
case (Bankr. D. Mass. Case No. 17-12204).  The cases are jointly
administered.

Cashman Equipment estimated its assets and debt at between $100
million and $500 million.   

Judge Melvin S. Hoffman presides over the cases.

Harold B. Murphy, Esq., and Michael K. O'Neil, Esq., at Murphy &
King, Professional Corporation serve as Cashman Equipment, et al.'s
counsel.  Jeffrey D. Sternklar, Esq., at Jeffrey D. Sternklar LLC,
serves as Mr. Cashman's counsel, according to Mr. Cashman's
petition.

An official committee of unsecured creditors has been appointed in
the case and is represented by Michael J. Fencer, Esq., and John T.
Morrier, Esq., at Casner & Edwards, LLP.

Wilmington Trust Company serves as Indenture Trustee under (i)
Trust Indenture dated December 4, 1997, and (ii) Trust Indenture
dated April 14, 1999.



CASHMAN EQUIPMENT: Taps Berkley Research as Financial Advisor
-------------------------------------------------------------
Cashman Equipment Corporation seeks approval from the U.S.
Bankruptcy Court for the District of Massachusetts to hire Berkley
Research Group as financial advisor.

The firm will provide these services to the company and its
affiliates in connection with their Chapter 11 cases:

     (a) assisting in the development of restructuring plans for
         the Debtors;

     (b) assisting in working capital management and liquidity
         forecasting;

     (c) assisting in discussions and negotiations with lenders
         and creditors, including establishment of a "protocol"
         relating to sale of vessels and distribution of proceeds;

     (d) assisting in the development of integrated financial
         projection models with scenario planning capabilities;

     (e) assisting in the variance reporting processes for
         liquidity and planning purpsoes as well as periodic and  
         ad-hoc reports as required; and

     (f) supporting the Debtors in the administration and
         resolution of the Chapter 11 cases.

The hourly rates charged by the firm are:

     Managing Directors     $825 - $975
     Directors              $650 - $775
     Professional Staff     $295 - $655
     Professional Staff     $125 - $250

Robert Duffy, managing director of Berkeley, 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:

     Robert Duffy
     Berkeley Research Group, LLC
     2200 Powell Street, Suite 1200
     Emeryville, CA 94608
     Phone: 510.285.3300
     Fax: 510-654-7857

                  About Cashman Equipment Corp.

Headquartered in Boston, Massachusetts, Cashman Equipment Corp.
-- http://4barges.com/-- was founded in 1995 as a barge rental and

marine contracting company with a fleet of 10 barges, 9 of which
were built in the 1950s and 1960s.  Cashman Equipment and certain
of its affiliates and subsidiaries own, operate, rent, and sell a
fleet of vessels, including inland and ocean barges, marine
accommodation barges, specialized oil spill recovery barges, and
tugs, as well as marine equipment, such as cranes, accommodation
units, and marine pollution skimmers.

Cashman Equipment and certain of its affiliates and subsidiaries,
Cashman Scrap & Salvage, LLC, Servicio Marina Superior, LLC,
Mystic Adventure Sails, LLC, and Cashman Canada, Inc., filed
bare-bones Chapter 11 petitions (Bankr. D. Mass. Lead Case No.
17-12205) on June 9, 2017. The petitions were signed by James M.
Cashman, the Debtors' president.  Mr. Cashman also commenced his
own Chapter 11 case (Bankr. D. Mass. Case No. 17-12204).  The
cases
are jointly administered.

Cashman Equipment estimated its assets and debt at between $100
million and $500 million.   

Judge Melvin S. Hoffman presides over the cases.

Harold B. Murphy, Esq., and Michael K. O'Neil, Esq., at Murphy &
King, Professional Corporation serve as Cashman Equipment, et
al.'s counsel.  Jeffrey D. Sternklar, Esq., at Jeffrey D. Sternklar
LLC, serves as Mr. Cashman's counsel, according to Mr. Cashman's
petition.

An official committee of unsecured creditors has been appointed in
the case and is represented by Michael J. Fencer, Esq., and John
T. Morrier, Esq., at Casner & Edwards, LLP.

Wilmington Trust Company serves as Indenture Trustee under (i)
Trust Indenture dated December 4, 1997, and (ii) Trust Indenture
dated April 14, 1999.


CBC AMMO: Fitch Assigns 'BB' First-Time IDR; Outlook Stable
-----------------------------------------------------------
Fitch Ratings has assigned an initial Long-Term Foreign Currency
Issuer Default Rating (IDR) and Long-Term Local Currency IDR of
'BB' to CBC AMMO LLC (CBC) and its senior unsecured notes issued by
CBC AMMO LLC and CBC FInCo Inc. due in 2021. The Rating Outlook is
Stable.  

The ratings reflect CBC's steady profitability as a global
manufacturer of small-caliber ammunition with a presence in Europe,
Latin America, and the U.S. The ratings also factor in CBC's solid
capital structure and strong credit metrics. CBS's ratings are
constrained by its modest scale and product concentration.

KEY RATING DRIVERS

Business Profile: CBC's ratings reflect its well-established brands
(CBC, MEN, Sellier & Bellot, and Magtech), efficient operation,
product concentration and medium scale. The company is a low-cost
manufacturer of small-caliber ammunition with production facilities
in Brazil, Czech Republic, and Germany. CBC sells ammunition,
firearms and related products to more than 100 countries worldwide.
CBC is one of the largest suppliers of small-caliber ammunition to
NATO member countries in Europe, the No.1 manufacturer of
commercial handgun ammunition in Latin America and Europe, and the
second largest exporter of brass case commercial ammunition to the
U.S.

Regulated Industry: The ammunition industry is heavily regulated.
Regulations increase barriers to entry, especially In Brazil where
CBC is the sole supplier of ammunition, as imports are severely
restricted. The company is exposed to the military (21% of sales)
and law enforcement budgets and discretionary consumer spending.
CBC supplies primarily the commercial segment which represented
about 50% of its sales as of March 31, 2017. Also, CBC maintains a
long-term relationship with its clients, notably in the military
where contracts usually go through a bidding process of from one to
five years.

Geographical Diversification: CBC benefits from its diverse
geographic footprint which enables the company to reach different
markets and respond quickly to shifting trends in the marketplace,
reducing its vulnerability to regulatory risks. Its manufacturing
presence in the Czech Republic and Brazil ensure low production
costs and high margin. The company has five manufacturing
facilities, including three in Brazil, one in Germany and one in
the Czech Republic, as well as two distribution centers for
commercial sales in Brazil and Europe. Magtech USA also maintains a
distribution center in the U.S. CBC's revenues are generated in the
Eurozone (41%), followed by South & Central America (22%) and North
America (19%).

Steady Leverage: The rating is supported by the company's
conservative credit metrics. CBC has shown stable and resilient
profitability, and credit ratios have remained strong. Debt/EBITDA
has remained stable at about 2.3x-2.7x over the last four years.
CBC has grown organically and by acquisitions to increase its
production capacity (1.7 billion units) and expand its geographic
footprint.

Currency Risk: CBC does not hedge its USD bond maturity payment or
the annual coupon, and swaps its EUR revenues into USD. As of March
31, 2017, Fitch estimates that 75% of revenues and 72% of the cost
of goods sold (COGS) are in hard currencies (USD and EUR). Copper
is the main raw material cost in the U.S. that is hedged.

Forjas Taurus S.A.: CBC owns 66.9% of Forjas Taurus S.A., a listed
company in Brazil with a market cap of BRL111 million. Taurus
produces and distributes firearms (Brazil and U.S.) and helmets.
Taurus recently went through a debt restructuring plan that
resulted in the extension of the debt maturity by its banks. CBC is
not a guarantor of Taurus' debt and vice versa; there are no
cross-default clauses. Therefore, Taurus accounts are not
consolidated in CBC's debt ratios and the company is not part of
CBC's restricted group. However, Fitch expects CBC to continue to
support Taurus if needed. Taurus' net debt amounted to BRL673
million as of March 31, 2017, and the company reported positive
EBITDA of BRL6.1 million in 1Q17.

DERIVATION SUMMARY

CBC ratings reflect its modest scale, diversified geographical
footprint and solid financial profile. The company operates in a
highly regulated industry and is subject to change in consumer
demand and defense budgets. It has a unique business model that is
different from other industrial rated companies by Fitch.

CBC's credit metrics are well-positioned relative to other
industrial peers rated by Fitch. CBC's Debt/EBITDA ratio is lower
than the median of the LatAm industrial portfolio. The company
shows more conservative credit metrics than Tupy S.A. ('BB'),
Marfrig S.A. ('BB-'), Sand Miguel Industrias PET SA ('BB+') and
Controladora Mabe S.A. de CV ('BB+') but higher debt/EBITDA ratios
than Nemak S.A. de CV ('BB+'). Constraining factors for the ratings
are related to the product concentration in a niche market and weak
corporate governance because the company is 100% privately-owned.

KEY ASSUMPTIONS

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

- Steady EBITDA margin of about 24% to 25%;
- Capex of about USD50 million in 2017;
- Dividends of about USD50 million in 2017;

Total debt/EBITDA trending toward 2x in 2018.

RATING SENSITIVITIES

Future Developments That May, Individually or Collectively, Lead to
Positive Rating Action
- Debt/EBITDA below 2x;
- Successful turnaround of Forjas Taurus S.A.

Future Developments That May, Individually or Collectively, Lead to
Negative Rating Action
-- Debt/EBITDA of 4x;
-- EBITDA margin below 15%.

LIQUIDITY

CBC's liquidity is adequate due to the company's solid access to
local banks and the company's steady operating cashflow generation.
The company had USD35 million of cash and cash equivalents and
USD47 million of short-term debt (ACC/working capital and export
finance debt) as of March 31.2017. The debt amortization is
manageable as the USD 250 million senior notes are due in November
2021

FULL LIST OF RATING ACTIONS

CBC AMMO LLC
-- Long-Term Foreign and Local Currency IDR rated 'BB;
-- Senior Unsecured debt rated 'BB.'

CBC FinCo Inc.
-- Senior Unsecured debt rated 'BB'.


CCFA TRUST: U.S. Trustee Unable to Appoint Committee
----------------------------------------------------
The Office of the U.S. Trustee on July 24 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of CCFA Trust Partnership.

CCFA is represented by:

     Joseph M. Hoats, Esq.
     Law Offices of Joseph M. Hoats
     12672 Limonite Ave., Suite 3E#345
     Corona, CA 92880
     Tel: 310-920-5806
     Email: josephhoats@hotmail.com
     Email: josephmhoats@gmail.com

                  About CCFA Trust Partnership

CCFA Trust Partnership sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Calif. Case No. 17-03728) on June 23,
2017.  Dwight Jory, partner, signed the petition.  

Judge Louise DeCarl Adler presides over the case.  The Law Offices
of Joseph M. Hoats represents the Debtor as bankruptcy counsel.

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


CELL C: U.S. Court Recognizes Section 155 Proceeding
----------------------------------------------------
On July 14, 2017, Judge Martin Glenn of the U.S. Bankruptcy Court
for the Southern District of New York entered an order recognizing
as a foreign main proceeding a case pending in the High Court of
South Africa commenced by Cell C Proprietary Limited, the foreign
debtor in this Chapter 15 case.

On July 18, 2017, the South African Court approved, or
"sanctioned," the scheme of arrangement that Cell C negotiated
with, and was overwhelming approved by a vote of, certain classes
of its financial creditors.

On July 20, 2017, this U.S. Court entered an order recognizing and
enforcing the Arrangement. No objections were raised in this Court
either to recognition of the South African Court proceeding as a
foreign main proceeding or the recognition and enforcement of the
Arrangement.

Chapter 15 of the Bankruptcy Code is designed to allow a U.S. court
to assist the administration of a foreign proceeding in its goal to
protect and maximize the value of a debtor's assets and to
facilitate the rehabilitation of financially distressed businesses.
The relief afforded to a foreign debtor under chapter 15 is
intended to avoid disruptions that could otherwise derail a
debtor's restructuring in its home country.

The U.S. Court now holds that: (i) the Section 155 Proceeding is a
foreign proceeding under the definition of 11 U.S.C. section
101(23), (ii) the Foreign Representatives are foreign
representatives under the definition of 11 U.S.C. section 101(24)
and each is a "person" under the definition of 11 U.S.C. section
101(41), and (iii) the petition for recognition meets the
requirements of Section 1515, namely, the evidence in the record is
sufficient to show the existence of a foreign proceeding and the
appointment of foreign representatives. Accordingly, the
requirements for recognition of the Section 155 Proceeding as a
foreign proceeding are met and the recognition of the Section 155
Proceeding as a foreign main proceeding furthers the goals of
chapter 15. Additionally, the recognition and enforcement of the
Sanction Order is "appropriate relief" under sections 1521 and
1507.

Cell C does not have a place of business or domicile in the U.S.,
however, it has property in the U.S. Additionally, Cell C has
issued the Euro Notes which are governed by New York law and
contain a New York forum selection clause. Both the retainer and
the Euro Notes (governed by New York law) are "independently
sufficient" bases for jurisdiction. Accordingly, Cell C satisfies
the "property" requirement of section 109(a) of the Bankruptcy
Code.

Cell C has shown that the Section 155 Proceeding is a foreign main
proceeding and it has satisfied the seven criteria of a foreign
proceeding discussed in In re Ashapura Minechem Ltd. The Court is
also satisfied with the evidence presented showing the existence of
the foreign proceeding as of June 30, 2017, and of the appointment
of the foreign representatives by the Cell C board of directors.
The exhibits attached to the Pianezze Declaration and Supplemental
Declaration establish that there is an ongoing proceeding in South
Africa and that the Board Resolution fully authorized the Foreign
Representatives to file this case.

Therefore, Cell C's petition meets the requirements of section 1515
of the Bankruptcy Code in satisfaction of the third requirement
under section 1517(a). Because the petition satisfies section 1517,
the Court recognizes Cell C's Section 155 Proceeding in this
chapter 15 case.

For these reasons, Cell C's South African Section 155 proceeding
was recognized as a foreign main proceeding and the Sanction Order
entered by the South African Court was recognized and enforced by
the U.S. Court.

A full-text copy of Judge Glenn's Memorandum Opinion is available
at:

     http://bankrupt.com/misc/nysb17-11735-52.pdf

Attorneys for the Foreign Representatives:

     Kristian W. Gluck, Esq.
     NORTON ROSE FULBRIGHT US LLP
     2200 Ross Avenue, Suite 3600
     Dallas, TX 75201-7932
     kristian.gluck@nortonrosefulbright.com

                         About Cell C

Cell C Proprietary Limited -- https://www.cellc.co.za -- is the
third largest of four mobile network operators in South Africa.
Cell C offers a wide range of prepaid, hybrid and postpaid
products
and services, including voice, data and messaging services.  

The Company is 100% owned by 3C Telecommunications Proprietary
Limited, a South African company.  3C Telecommunications in turn
is
75% owned by Oger Telecom Limited ("OTL"), a company registered in
accordance with the laws of the Dubai International Financial
Centre in the United Arab Emirates.

Cell has pending proceedings under South African Companies Act 71
of 2008, section 155, seeking to propose an arrangement or
compromise of its financial indebtedness to the holders of EUR
400,000,000 8.625% first priority senior secured notes due in
2008,
issued by the Company.

Cell C Proprietary Limited filed a Chapter 15 petition in New York
(Bankr. S.D.N.Y. Case No. 17-11735) on June 22, 2017, to seek
recognition of the South African proceedings.  The Hon. Martin
Glenn is the case judge.

Paolo Pianezze, Robert Killigrew Sabine, Pasley, and Graham
Mackinnon, as foreign representatives, signed the Chapter 15
petition.  Courtney Slatten Katzenstein, Esq., at Norton Rose
Fulbright US LLP, in New York, is their counsel.


CENTRAL ILL. COMPOUNDING: Taps Kepple Law as Bankruptcy Counsel
---------------------------------------------------------------
Central Illinois Compounding, Inc. seeks authorization from the
U.S. Bankruptcy Court for the Central District of Illinois to
employ Kepple Law Group, LLC as its bankruptcy counsel.

The Debtor requires Kepple Law to:

   (a) provide it legal advice with respect to its rights,
       powers and duties as debtor-in-possession in connection
       with the administration of its bankruptcy estate and the
       disposition of its property;

   (b) take action as may be necessary with respect to claims that

       may be asserted against the Debtor and property of its
       estate;

   (c) prepare applications, motions, complaints, orders and other

       legal documents as may be necessary in connection with the
       appropriate administration of the case;

   (d) represent the Debtor with respect to inquiries and
       negotiations concerning creditors of its estate and
       property;

   (e) initiate, defend, or otherwise participate on behalf of the

       Debtor in all proceedings before the Court or any other
       court of competent jurisdiction; and

   (f) perform any and all other legal services on behalf of the
       Debtor which may be required to aid in the proper
       administration of its bankruptcy estate.

Kepple Law's hourly rate is $200 per hour for attorney time.

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

The Debtor provided Kepple Law with a $20,000 retainer which amount
was deposited into Kepple Law's trust account as a security
retainer. Prior to the filing of the bankruptcy petition, the sum
of $3,987 was transferred to the Kepple Law business account for
attorney time prior to the filing of the petition, software costs,
and the court costs required to file the voluntary petition.  The
balance of $16,013 is being held in Kepple Law's trust account.

Casey C. Kepple, member of Kepple Law, assures the Court that the
firm is a "disinterested person" as the term is defined in Section
101(14) of the Bankruptcy Code and does not represent any interest
adverse to the Debtor and its estate.

Kepple Law can be reached at:

       Casey C. Kepple, Esq.
       KEPPLE LAW GROUP, LLC
       2426 W. Cornerstone Court, Ste 209
       Peoria, IL 61614
       Tel: (309) 282-1545
       Fax: (309) 282-4929

              About Central Illinois Compounding

Central Illinois Compounding, Inc., doing business as Preckshot
Professional Pharmacy -- http://www.preckshot.com/-- is a pharmacy
in Peoria, Illinois.  The Debtor is co-owned by Jennifer Siefert
(51%) and Wade Siefert (49%).  

Central Illinois Compounding filed for Chapter 11 bankruptcy
protection (Bankr. C.D. Ill. Case No. 17-81031) on July 17, 2017,
estimating its assets and liabilities at between $1 million and $10
million.  The petition was signed by Jennifer Siefert, president.

Judge Thomas L. Perkins presides over the case.

Casey Christopher Kepple, Esq., at Kepple Law Group, LLC, serves as
the Debtor's bankruptcy counsel.


CENTRAL LAUNDRY: Asks Court to Move Plan Filing Deadline to Dec. 29
-------------------------------------------------------------------
Central Laundry, Inc. d/b/a Olympic Linen, and Bellmawr Laundry LLC
d/b/a Liberty Laundry request the U.S. Bankruptcy Court for the
Eastern District of Pennsylvania to extend their exclusive period
to file a plan for an additional period of 120 days to Dec. 29,
2017, as well as the exclusive period to solicit acceptances or
rejections of such plan to Feb. 27, 2018.

Absent the requested extension, the Debtors' exclusive right to
file and solicit acceptances or rejections of a plan will expire on
Aug. 31, 2017 and Oct. 3, 2017, respectively.

The Debtors have requested and the Court, by its Order dated June
7, 2017, fixed a General Bar Date of July 28, 2017 and a
Governmental Unit Bar Date of October 31, 2017.

The Debtors claim that after the Bar Dates have passed, they will
need time to review the various proofs of claim in order to
determine the amount and character of claims asserted against their
estates. Accordingly, the Debtors aver  that they will be
substantially benefited if the exclusive period is extended, in
that the Debtors will be afforded  additional time within which to
negotiate and formulate a plan with with creditors.

                   About Central Laundry Inc.

Central Laundry, Inc., which does business under the name Olympic
Linen, operates a commercial laundry and linen service for the
restaurant and hospitality industry.  Its headquarters is located
at 615 Industrial Park Drive, Lansdowne, Pennsylvania.  

Central Laundry previously filed for Chapter 11 protection (Bankr.
E.D. Pa. Case No. 16-10666) on Feb. 1, 2016, estimating its assets
and liabilities of less than $50,000.  Paul J. Winterhalter, Esq.,
at the Law Offices Of Paul J. Winterhalter, P.C., served as the
Debtor's bankruptcy counsel in the 2016 case.

Central Laundry, Inc. and its New Jersey-based affiliate Bellmawr
Laundry LLC sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. E.D. Pa. Case Nos. 17-13172 and 17-13189) on May 3,
2017.  The petitions were signed by George Rengepes, president and
member.  

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

The cases are assigned to Judge Eric L. Frank.

The Debtors tapped Maschmeyer Karalis P.C. as legal counsel, and
Asterion Inc. as financial advisor.


CHARIOTS OF PALM: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: Chariots of Palm Beach, Inc.
        2400 N. Florida Mango Road
        West Palm Beach, FL 33409

Business Description: Chariots of Palm Beach --
                      http://www.chariotsofpb.com-- is an  
                      exclusive dealer of luxury cars, both used
                      and new.  It provides customers with pre-
                      owned luxury automobiles from BMW, Mercedes
                      -Benz and Porsche to Rolls-Royce, Bentley
                      and every specialist car imaginable.  The
                      Company also offers for rent luxury
                      automobiles.

Chapter 11 Petition Date: July 27, 2017

Case No.: 17-19455

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

Judge: Hon. Paul G. Hyman, Jr.

Debtor's Counsel: Steven S Newburgh, Esq.
                  MCLAUGHLIN & STERN, LLP
                  525 Okeechobee Boulevard
                  CityPlace Office Tower - Suite 1700
                  West Palm Beach, FL 33401
                  Tel: 561-659-4020
                  E-mail: snewburgh@mclaughlinstern.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $10 million to $50 million

The petition was signed by Charles Sharoubim, president.

The Debtor's 20 largest unsecured creditors is available for free
at http://bankrupt.com/misc/flsb17-19455.pdf


CHARLES STREET: Bankr. Ct. Rules in Favor of OneUnited Bank
-----------------------------------------------------------
Deciding on a remanded case, Judge Frank J. Bailey of the U.S.
Bankruptcy Court for the District of Massachusetts rules in favor
of the Defendant OneUnited Bank.

On Nov. 2, 2016, Judge Bailey entered a judgment in the adversary
proceeding captioned CHARLES STREET AFRICAN METHODIST EPISCOPAL
CHURCH OF BOSTON, Plaintiff-in-Counterclaim, v. ONEUNITED BANK,
Defendant-in-Counterclaim, Adv. Proceeding No. 14-1138, overruling
the objections of plaintiff and chapter 11 debtor Charles Street
African Methodist Episcopal Church of Boston to the proof of claim
of OneUnited Bank and dismissing the Church's counterclaim against
the Bank on its merits. The Church appealed from the judgment to
the U.S. District Court.

For reasons it set forth in a Memorandum and Order of May 19, 2017,
the District Court has now vacated in part the order overruling the
Church's objection to OneUnited's proof of claim and remanded the
matter to this Court for the limited purpose of explaining the
relationship of the Court's findings to one of two theories
underlying the Church's wrongful underwriting count: that the
Bank's underwriting of the Construction Loan was unfair under MASS.
GEN. LAWS ch. 93A, section 2(a) because the Bank made the loan in
reckless disregard of facts showing that the loan would or was
likely to fail. In its Memorandum and Order, the District Court
articulated, to an extent, the standard for making this
determination and then charged this Court as follows: "[O]n remand,
the Bankruptcy Court need only apply the standard articulated above
to determine whether OneUnited acted unfairly by making this loan
with reckless disregard for facts which made it likely that the
loan would fail. It can do so, in part, by clarifying the
relationship between its detailed historical findings and the
reckless disregard standard." And the Court may make "any
additional factual findings it deems necessary."

Using the District Court's observations as a point of departure,
this Court is charged with specifying the relationship between its
already-articulated findings, as supplemented by any further
findings Judge Bailey may deem necessary, and "the reckless
disregard standard." The reckless disregard standard is relevant
here not only because it is the focus of the charge that the
District Court has fashioned on remand, but, more fundamentally,
(i) because it was one of two standards (the other being knowledge
that the loan would or was likely to fail) by which the Church
itself asked, both in its pretrial memorandum and in its proposed
findings and conclusions, that its wrongful underwriting count be
adjudicated and (ii) because, as the Court of Appeals pointed out
in Frappier, "Chapter 93A usually requires a level of fault going
beyond mere negligence." In Fremont, Frappier, and Drakopoulos, one
searches in vain for the words "reckless disregard," or even just
"reckless," much less indications of what they require to make out
a Fremont-type claim. The Church conceded in its post-trial brief
that something more than mere negligence was required. Though it
argued that it should prevail because the Bank recklessly
disregarded that the loan was likely to fail, the Church did not
address precisely how much more than negligence was required or
specify what "reckless disregard" requires.

This Court's rulings of law, simple as they were, were intended to
address as economically as possible the two principal
allegations/theories on which the wrongful origination count was
predicated: (i) that the Bank made the Construction Loan with
knowledge that the Church could not complete the Project and repay
the loan and would inevitably default; and (ii) if the Bank did not
know that the loan was so doomed to fail, this fact (that the loan
was doomed to fail) was evident and the Bank, in proceeding to make
the loan, recklessly disregarded it.

After careful consideration of the arguments presented, Judge
Bailey concludes that the Church has not carried its burden of
proving that the Bank underwrote the Construction Loan in reckless
disregard, either subjective or objective, of a high risk that the
loan would fail. Indeed, the Bank has failed to prove even that,
when the Bank underwrote the loan, there existed a high degree of
risk that the loan would fail. In relevant part, the Church
proceeded on a theory of the case in which the unfairness required
by Chapter 93A lay in the alleged fact that the Bank acted with
reckless disregard that the loan would fail. The Church having
failed to prove by a preponderance of the evidence the reckless
disregard on which this count was predicated, judgment must enter
for the Bank on the matter remanded.

The bankruptcy case is In re: CHARLES STREET AFRICAN METHODIST
EPISCOPAL CHURCH OF BOSTON, Chapter 11, Debtor, CHARLES STREET
AFRICAN METHODIST EPISCOPAL CHURCH OF BOSTON,
Plaintiff-in-Counterclaim, v. ONEUNITED BANK,
Defendant-in-Counterclaim, Case No. 12-12292-FJB (Bankr. D.
Mass.).

The adversary proceeding is CHARLES STREET AFRICAN METHODIST
EPISCOPAL CHURCH OF BOSTON, Chapter 11, Debtor, CHARLES STREET
AFRICAN METHODIST EPISCOPAL CHURCH OF BOSTON,
Plaintiff-in-Counterclaim, v. ONEUNITED BANK,
Defendant-in-Counterclaim, Adv. No. 14-1138 (Bankr. D. Mass.).

A full-text copy of Judge Bailey's Memorandum Decision is available
at https://is.gd/e5997I from Leagle.com.


Charles Street African Methodist Episcopal Church of Boston,
Plaintiff, represented by David B. Madoff -- madoff@mandkllp.com --
Madoff & Khoury LLP, D. Ross Martin -- Ross.Martin@ropesgray.com --
Ropes and Gray LLP, James Addison Wright, III --
james@jameswrightlaw.com -- James A. Wright P.C..

OneUnited Bank, Defendant, represented by Meg McKenzie Feist,
Choate, Hall & Stewart LLP, Douglas R. Gooding –
dgooding@choate.com -- Choate, Hall & Stewart, Kevin J. Handly --
khandly@bostonbankinglaw.com  -- Office of Kevin J Handly LLC.

                    About Charles Street

Charles Street African Methodist Episcopal Church --
http://www.csrrc.org/-- is located in Roxbury, Massachusetts.  Its

mission is to advocate for the needs of community residents and to
strengthen individuals, families, and the community by providing
social, educational, economic, and cultural services.

The Debtor filed for Chapter 11 protection (Bankr. D. Mass. Case
No. 12-12292) on March 20, 2012, to prevent its lender, OneUnited
Bank, from foreclosing on a $1.1 million loan and auctioning off
the church.

The Debtor estimated both assets and debts of between $1 million
and $10 million.

The Debtor is represented by the Boston firm Ropes & Gray LLP,
which is working free of charge.  The Debtor tapped AlixPartners,
LLP as restructuring advisor, and Steven G. Elliott as commercial
and residential real estate appraiser for purposes of providing
expert appraisal testimony.

David S. Williams, CEO of Deloitte Financial Advisory Services
LLP, was appointed examiner.


CHINA FISHERY: Bid Procedures for CFGI Equity Interests Filed
-------------------------------------------------------------
BankruptcyData.com reported that China Fishery Group's Chapter 11
trustee filed with the U.S. Bankruptcy Court a motion to approve
bidding procedures and the form and manner of notice thereof. The
motion explains, "The Sale Process is being managed by Development
Specialists ('DSI'), accountants to the Chapter 11 Trustee.
Specifically, for purposes of the sale structure, the Chapter 11
Trustee likely seeks to sell the CFGI Equity Interests, which are
CFG Peru Singapore's direct equity interest in CFGI and indirect
equity interests in several non-Debtor subsidiaries of CFGI. Such
contemplated sale structure will ensure that the entire value of
the Peruvian OpCos is captured because of CFGI's indirect ownership
of Copeinca. Accordingly, the Chapter 11 Trustee believes that
entry of the proposed Bidding Procedures will expedite and provide
order to the process of marketing and selling the Peruvian OpCos
(the 'Sale Process'). The Bidding Procedures will provide the
formal framework for the Sale Process, which has been designed to
elicit value-maximizing bids for the CFGI Equity Interests. Among
other things, the Bidding Procedures (i) set forth the timeline for
the Sale Process that is reasonable and appropriate to elicit
value-maximizing bids for the CFGI Equity Interests, and (ii) set
forth the basic rules for submitting bids for the CFGI Equity
Interests and the date for a potential Auction. The following dates
are aspirational: October 20, 2017: service of the auction and sale
hearing notice; October 20, 2017: date of publication of the
auction and sale hearing notice; December 8, 2017: qualified bids
due and deadline for execution of a stalking horse agreement;
December 13, 2017: Auction; and January 15, 2018: estimated plan
effective date and closing of the sale transaction."

The Court scheduled an August 16, 2017 hearing to consider the
motion, with objections due by August 9, 2017, according to
BankruptcyData.com.

        About China Fishery Group Limited (Cayman)

China Fishery Group Limited (Cayman) and its affiliates sought
protection under Chapter 11 of the Bankruptcy Code (Bankr.
S.D.N.Y. Lead Case No. 16-11895) on June 30, 2016.  The petition
was signed by Ng Puay Yee, chief executive officer.  The cases are
assigned to Judge James L. Garrity Jr.

At the time of the filing, China Fishery Group estimated its
assets at $500 million to $1 billion and debts at $10 million to
$50 million.

Weil, Gotshal & Manges LLP has been tapped to serve as lead
bankruptcy counsel for China Fishery and its affiliates other than
CFG Peru Investments Pte. Limited (Singapore).  Weil Gotshal
replaces Meyer, Suozzi, English & Klein, P.C., the law firm
initially hired by the Debtors.  The Debtors have also tapped
Klestadt Winters Jureller Southard & Stevens, LLP as conflict
counsel; Goldin Associates, LLC, as financial advisor; RSR
Consulting LLC as restructuring consultant; and Epiq Bankruptcy
Solutions, LLC, as administrative agent.

On Nov. 10, 2016, William Brandt, Jr., was appointed as Chapter 11
trustee for CFG Peru Investments Pte. Limited (Singapore), one of
the Debtors. Skadden, Arps, Slate, Meagher & Flom LLP serves as
the trustee's bankruptcy counsel; Hogan Lovells US LLP serves as
special counsel; and Quinn Emanuel Urquhart & Sullivan, LLP,
serves as special litigation counsel.


CIENA CORP: S&P Rates 3.75% Convertible Senior Notes Due 2018 'B+'
------------------------------------------------------------------
S&P Global Ratings assigned its 'B+' issue-level rating and '5'
recovery rating to Hanover, Md.-based telecommunications equipment
provider Ciena Corp.'s new 3.75% convertible notes due 2018. The
'5' recovery rating indicates S&P's expectation for negligible
recovery (10% to 30%; rounded estimate: 20%) in the event of
payment default. The ratings are the same as the ones assigned to
the company's existing convertible notes due 2018.

Ciena is offering to exchange these new notes, together with an
exchange fee of $2.50 per $1,000 original principal amount, for its
existing convertible notes due 2018. The new notes have
substantially the same terms as the existing notes, except the
company will be able to settle conversions for cash, common stock,
or a combination of cash and stock, whereas the existing notes only
allow for settlement in stock. The company could issue up to $350
million in principal amount of new notes, which would correspond to
100% participation of the existing noteholders in the exchange
offer.

Ratings List

Ciena Corp.  Corporate Credit Rating         BB-/Stable/--

New Rating

Ciena Corp.  $350 million 3.75%
  convertible sr nts due 2018                B+   
Recovery Rating                              5(20%)


COGECO COMMUNICATIONS: S&P Rates New $1.85BB 1st Lien Loans 'BB-'
-----------------------------------------------------------------
S&P Global Ratings assigned its 'BB-' issue-level rating and '3'
recovery rating to Cogeco Communications (USA) II L.P.'s proposed
$1.7 billion first-lien term loan due in 2025. S&P said assigned
its 'BB-' issue-level rating and '3' recovery rating to Atlantic
Broadband Finance LLC's and Cogeco Communications (USA) II L.P.'s
(co-borrowers and subsidiaries of Cogeco Communications (USA) Inc.)
$150 million revolving credit facility due in 2023. The '3'
recovery rating indicates its expectation of meaningful recovery
(50%-70%; rounded estimate: 50%) recovery for secured lenders in
the event of a payment default. The new revolving credit facility
will replace the existing $150 million facility due in 2019.

The new $1.7 billion first-lien term loan, along with a $315
million investment from Caisse de depot et placement du Quebec
(CDPQ), $50 million of revolver borrowings, and about $5 million of
cash on hand, will be used to finance the $1.4 billion purchase of
all the cable systems owned by Harron Communications, repay about
$611 million in existing debt, and pay related fees and expenses.
In addition, Cogeco Communications, the Canadian parent of Cogeco
Communications (USA), will convert $250 million of its $265 million
intercompany debt into equity and the balance will be repaid with
excess cash at Cogeco Communications (USA).

S&P said, "Our 'BB-' corporate credit rating and stable outlook on
the company are unaffected as we expect pro forma leverage to be
about 6.5x, which is still below our 7x downgrade threshold.
Moreover, we believe the company has good prospects to reduce
leverage over the next couple of years from EBITDA growth.

"We treat institutional investor CDPQ's $315 million 21% equity
stake in Cogeco Communications (USA) like debt. We assign minimal
equity credit to this instrument and therefore include it in our
leverage calculations, although we also factor into our analysis
the benefits the instrument has on free cash flow since there is no
required dividend payment. As a result, pro forma adjusted leverage
increases to about 6.5x from about 4.3x LTM, March 31, 2017.
Excluding the preferred instrument, we believe that adjusted debt
to EBITDA would be about 5.5x.

"We believe the acquisition of the Harron assets offers some
business benefits, including geographic diversification and
opportunities to increase broadband revenue in these markets.
Integration risk should be minimal given the company's successful
integration of Harron's Connecticut operations in 2015.

"Upon completion of the refinancing, we will withdraw our 'BB'
issue-level rating and '2' recovery ratings on the company's
existing secured facilities due in 2019. We expect the deal to
close in January 2018.

RECOVERY ANALYSIS

Key analytical factors

S&P simulated default scenario envisions a dramatic deterioration
in the company's competitive position and operating performance as
a result of increased demand for video satellite services as well
as aggressive competition from AT&T and, to a lesser extent,
Verizon in certain of Cogeco's geographic clusters. S&P values the
company at 6x distressed-level EBITDA given the second-tier status
of its properties.

Simulated default and valuation assumptions:

-- Simulated year of default: 2021
-- EBITDA at emergence: $162 mil.
-- EBITDA multiple: 6x

Simplified waterfall:

-- Net enterprise value (after 5% administrative costs): $925   
    million
-- Valuation split in % (obligors/nonobligors): 100/0
-- Collateral value available to secured creditors: $925 million
-- Secured first-lien debt: $1,787 milllion
    --Recovery expectations: 50% to 70% (rounded estimate: 50%)

RATINGS LIST

Cogeco Communications (USA) Inc.
  Corporate Credit Rating                     BB-/Stable/--

New Ratings

Cogeco Communications (USA) II L.P.
Atlantic Broadband Finance LLC
  Senior Secured
  $1.7 bil. first-lien term loan due 2025     BB-
   Recovery Rating                            3(50%)

Atlantic Broadband Finance LLC
  Senior Secured                        
  $150 mil. revolver due 2023                 BB-
   Recovery Rating                            3(50%)


CONCHO RESOURCES: Egan-Jones Hikes Sr. Unsec. Ratings to BB
-----------------------------------------------------------
Egan-Jones Ratings Company, on June 15, 2017, upgraded the senior
unsecured ratings on debt issued by Concho Resources Inc. to BB
from BB-.

Concho Resources Inc. is an independent oil and natural gas company
engaged in the acquisition, development and exploration of oil and
natural gas properties.  The company's four operating areas include
the Northern Delaware Basin, the Southern Delaware Basin, the
Midland Basin and the New Mexico Shelf.



CONGREGATION ACHPRETVIA: Solicitation Period Extended to Sept. 15
-----------------------------------------------------------------
The Hon. Michael E. Wiles of the U.S. Bankruptcy Court for the
Southern District of New York has extended, at the behest of
Congregation Achpretvia Tal Chaim Sharhayu Shor, Inc., the time
within which the Debtor has the exclusive right to solicit
acceptances with respect to its Amended Plan of Liquidation for a
final 68 days through and including Sept. 15, 2017.

As reported by the Troubled Company Reporter on July 25, 2017, the
Debtor sought the extension to ensure that the Court, the Debtor
and other parties in interest are not distracted by the filing of
any competing or premature plans, while confirmation of the
Debtor's Plan is still pending.  The Debtor has already filed its
Plan, which it believes is confirmable.  However, in order to avoid
the possibility of a competing plan while the Debtor attempts to
resolve the State Court Action, it requires an extension of the
Acceptance Period.  The Debtor believes that the requested
extension will promote the orderly reorganization of the Debtor
without the need to devote unnecessary time, money and energy to
defending against or responding to a competing plan.

                  About Congregation Achpretvia

Congregation Achpretvia Tal Chaim Sharhayu Shor, Inc., in Brooklyn,
New York, filed for Chapter 11 bankruptcy protection (Bankr.
S.D.N.Y. Case No. 16-10092) on Jan. 15, 2016.  The petition was
signed by Harold Friedlander, vice president.  Judge Michael E.
Wiles presides over the case.  Arnold Mitchell Greene, Esq., at
Robinson Brog Leinwand Greene Genovese & Gluck P.C., serves as the
Debtor's counsel.  The Congregation disclosed total assets of $18
million and total liabilities of $472,502.


CORNERSTONE APPAREL: Taps Young-Woo Park as Accountant
------------------------------------------------------
Cornerstone Apparel, Inc. seeks approval from the U.S. Bankruptcy
Court for the Central District of California to hire an
accountant.

The Debtor proposes to hire Young-Woo Park, a certified public
accountant, to provide tax-related advice and assist in the
preparation of tax returns, financial statements and monthly
operating reports.

The proposed accountant has agreed to provide accounting services
at a discounted billing rate of $150 per hour.

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

Park maintains an office at:

     Young-Woo Park
     2975 Wilshire Boulevard, Suite 508
     Phone (213) 380-1231
     Fax (213) 380-9112

                 About Cornerstone Apparel Inc.

Cornerstone Apparel, Inc., which operates a chain of apparel stores
under the name Papaya Clothing, filed a Chapter 11 bankruptcy
petition (Bankr. C.D. Cal. Case No. 17-17292) on June 15, 2017.
The petition was signed by Tae Y. Yi, president. The Debtor
estimated assets of $1 million to $10 million and debt of $10
million to $50 million.

Papaya Clothing -- http://www.papayaclothing.com/-- caters to   
teens, juniors and the "young at heart", and focuses on the 16 to
25 year old age group.  Papaya is headquartered in Commerce,
California, and had a workforce of 1,300 employees at the time of
the bankruptcy filing.  As of June 15, 2017, Papaya owned and
operated more than 80 retail stores located shopping centers and
malls throughout the United States.

Judge Vincent P. Zurzolo presides over the case.  Levene, Neale,
Bender, Yoo & Brill L.L.P. represents the Debtor as bankruptcy
counsel.  The Debtor hired the Law Offices of Steven C. Kim &
Associates as its special counsel.


CORNERSTONE CHEMICAL: S&P Hikes CCR to B on Littlejohn Acquisition
------------------------------------------------------------------
Waggaman, La.-based intermediate chemical producer Cornerstone
Chemical Co. has entered into an agreement to be acquired by
private equity firm Littlejohn & Co. LLC. The company plans to
issue a $70 million asset-backed lending (ABL) revolving credit
facility and $430 million in senior secured notes. Proceeds will be
used to fund the transaction and repay existing debt.

S&P Global Ratings raised the corporate credit rating on
Cornerstone Chemical Co. to 'B' from 'B-'. The rating outlook is
stable.

S&P said, "At the same time, we assigned our 'B' issue-level rating
to Cornerstone's proposed $430 million senior secured notes,
maturing in 2024. The recovery rating is '3', indicating our
expectation for meaningful (50%-70%; rounded estimate: 60%)
recovery in the event of a payment default.

"We also raised the issue-level rating on existing secured notes to
'B' from 'B-'. The recovery rating is '3'. We plan to withdraw
ratings on the existing secured notes when they are redeemed in
full upon close of the transaction."

All ratings on proposed debt are based on preliminary terms and
conditions.

The ratings on Cornerstone reflect the company's meaningfully
improved profitability because of Dyno Nobel's on-site ammonia
plant and anti-dumping regulations affecting competing Chinese
producers. Cornerstone benefits from the Dyno Nobel plant by
charging lease and facility fees, and through savings on the supply
of ammonia and carbon dioxide. Cornerstone's profitability has
improved to a level we consider above average for commodity
chemical producers, with EBITDA margins in the high-teens
percentage area as a result of these favorable effects of Dyno
Nobel coming online in late 2016. S&P said, "In addition, we view
the acquisition by Littlejohn and corresponding recapitalization as
resolving concerns regarding near-term maturities. We expect all
existing debt to be repaid upon close of the transaction during the
third quarter of 2017.

"The stable outlook reflects our expectation for modestly improving
credit measures over the next 12 months as the company benefits
from improved profitability due to cost savings and incremental
earnings from the Dyno Nobel ammonia plant. We expect the company's
melamine segment to continue benefitting from anti-dumping
regulations affecting Chinese producers. We also believe near-term
liquidity concerns have been resolved due to the sale to Littlejohn
and the corresponding recapitalization. We believe modest U.S. GDP
growth of 2.3% in 2017 will support volumes, and we expect credit
measures to remain appropriate for the rating, with
weighted-average debt to EBITDA exceeding 5x.

"We could raise the rating over the next 12 months if the company
performs better than expected due to favorable market pricing, or a
product mix shift toward more profitable segments. This could lead
to revenue exceeding expectations by 300 basis points (bps) and
gross margins exceeding expectations by 150 bps, causing
weighted-average debt to EBITDA to fall below 5x on a sustained
basis. To consider such a revision, we would need to believe that
leverage at these levels would be sustainable through a variety of
market pricing environments.

"We could lower the rating over the next 12 months if results are
adversely affected by unexpected price volatility in the company's
products or if a high-impact, low-probability event causes a
disruption to operations at the company's Waggaman, La., site. Such
events could lead to revenue 300 bps lower than expectations and
gross margins 400 bps below expectations, causing debt to EBITDA to
exceed 7x. We could also lower the ratings if credit measures reach
similar levels due to the company's financial sponsor owner
pursuing large debt-funded dividends or acquisitions."


CORNERSTONE HOMES: Banks Have Standing to Foreclose, Court Rules
----------------------------------------------------------------
Plaintiff-appellant Michael H. Arnold, the bankruptcy trustee for
debtor Cornerstone Homes, Inc., appeals from the Nov. 11, 2016
judgment of the U.S. District Court for the Western District of New
York, which, in turn, affirmed a grant of summary judgment to
defendants-appellees First Citizens National Bank, The Community
Preservation Corporation, and Elmira Savings Bank by the bankruptcy
court.

The U.S. Court of Appeals, Second Circuit considered the Trustee's
arguments and finds them to be without merit. Accordingly, the
Court affirms the judgment of the district court.

After Cornerstone filed for bankruptcy protection, the Trustee sued
the Banks, seeking a declaratory judgment that the Bank Mortgages
were unenforceable as a matter of law. It argued that, because the
Individual Notes were negotiable notes covered by Article 3 of New
York's Uniform Commercial Code, the Banks had standing under New
York law to enforce the Bank Mortgages only if the written
assignments executed by the Individual Lenders validly conveyed
title to the Individual Notes under Article 3. It further argued
that, because Article 3 does not provide for the transfer of title
to a negotiable note by written assignment, the assignments at
issue only effected the transfer of the Individual Mortgages, not
the Individual Notes. Since it is "the note, and not the mortgage,
[which] is the dispositive instrument that conveys standing to
foreclose under New York law," the Trustee argues that, because the
Banks never gained title to the Individual Notes, the Banks have no
standing to foreclose and thus cannot enforce the security interest
reflected in the Bank Mortgages against property of the debtor.

Rather than proceeding through purchases of the Individual Notes
from the Individual Lenders by the Banks, the Bank Loans were
structured as loans from each Bank, respectively, to Cornerstone.
This is directly memorialized in the loan agreements between
Cornerstone and the Banks, several of which include a clear promise
to pay running from Cornerstone to the applicable Bank, and make no
mention of the Individual Notes. But it is also the way the Trustee
itself characterized the loan transactions before the bankruptcy
court on summary judgment. For instance, with respect to First
Citizens, the Trustee explained that "[u]pon the closing of the
[First Citizens] Loan, First Citizens loaned $1,000,000 to
[Cornerstone] pursuant to the terms of that certain promissory note
issued by [Cornerstone] to First Citizens . . . and that certain
mortgage issued by [Cornerstone] to First Citizens. . . ."

The fact that the parties also obtained written assignments of the
Individual Mortgages, which they subsequently consolidated by
agreement, therefore, does not affect, on the facts of this case,
the Banks' standing to foreclose. While these consolidation
agreements might have been effective in minimizing the total
mortgage recordation tax burden borne by the parties, they do not
change the fundamental structure of the Bank Loans, or the fact
that Cornerstone granted the Banks a mortgage securing these loans.
Because the loans made by the Banks are independently sufficient to
support the security interest at issue in this case, the Banks have
standing under New York law to foreclose.

The appeals case is MICHAEL H. ARNOLD, as Chapter 11 Trustee,
Plaintiff-Appellant, v. FIRST CITIZENS NATIONAL BANK, THE COMMUNITY
PRESERVATION CORPORATION, ELMIRA SAVINGS BANK,
Defendants-Appellees, No. 16-4012-bk (2nd Cir.).

A full-text copy of the Second Circuit's Order is available at
https://is.gd/XnTmSg from Leagle.com.

GREGORY MASCITTI -- gregory.mascitti@leclairryan.com -- (Christina
L. Shifton, on the brief), LeClairRyan, P.C., Rochester, NY., for
Plaintiff-Appellant.

ALLAN HILL -- ahill@phillipslytle.com -- (Nickolas Karavolas, on
the brief), Phillips Lytle LLP., Rochester, NY., for
Defendant-Appellee First Citizens.

RONALD M. TERENZI -- rterenzi@stcwlaw.com -- (Cara M. Goldstein, on
the brief), Stagg, Terenzi, Confusione & Wabnik, LLP, Garden City,
NY., for Defendant-Appellee Community Preservation Corporation.

DAVID D. MacKNIGHT, Lacy Katzen LLP., Rochester, NY., for
Defendant-Appellee Elmira Savings.

About Cornerstone Homes

Cornerstone Homes Inc. is based in Corning, New York and was
engaged in the business of buying, selling and leasing single
family homes in the State of New York, with such properties
primarily located in the South Central and South Western portions
of the State.

Cornerstone Homes Inc. filed a Chapter 11 petition (Bankr.
W.D.N.Y.
Case No. 13-21103) on July 15, 2013, in Rochester, New York.  The
Debtor disclosed assets of $18.6 million and liabilities of $36.2
million.

Judge Paul R. Warren presides over the case.  Curtiss Alan
Johnson,
Esq., and David L. Rasmussen, Esq., at Davidson Fink, LLP, in
Rochester, N.Y., serve as the Debtor's counsel.  The Debtor has
tapped GAR Associates to appraise a selection of its properties to
support the Debtor's liquidation analysis.

The Official Committee of Unsecured Creditors is represented by
Gregory J. Mascitti, Esq., at LeClairRyan PC.  The Committee
retained Getzler Henrich & Associates LLC as financial advisor.

                           *     *     *

The Debtor sought Chapter 11 protection alongside a reorganization
plan already accepted by 96 percent of unsecured creditors'
claims.
Four secured lenders with $21.8 million in claims are to be paid
in full under the plan.  Unsecured creditors -- chiefly
noteholders
with $14.5 million in claims -- were to have a 7 percent recovery.

The Court has not confirmed the Debtor's Plan.  Instead, the Court
accepted the request of the Committee to appoint a Chapter 11
trustee to replace management.  The Court approved the appointment
of Michael H. Arnold, Esq., as Chapter 11 trustee.  

The Chapter 11 trustee tapped as counsel his own firm, Place and
Arnold.  LeClairRyan and Barclay Damon LLP serve as his special
counsel.

The Trustee was appointed after accusations that the principal,
David L. Fleet, operated the Debtor as a massive Ponzi scheme in
loving millions of dollars and hundreds of mostly elderly,
unsophisticated individual investor victims who shared the same
religious beliefs espoused by Fleet.

The Trustee has commenced an adversary proceeding against First
Citizens National Bank for enabling Mr. Fleet to perpetuate the
Ponzi scheme by providing bank loans.


COSTA DORADA: Hires MRO Attorneys at Law as Bankruptcy Counsel
--------------------------------------------------------------
Costa Dorada Apartments Corp., seeks authorization from the U.S.
Bankruptcy Court for the District of Puerto Rico to employ MRO
Attorneys at Law, LLC as counsel for the Debtor.

On June 12, 2015, the Debtor filed a petition for reorganization
under the provisions of Chapter 11 of the Bankruptcy Code, and as
of that date has been managing his affairs as debtor in possession,
as provided for in the Bankruptcy Code.

The Debtor is not sufficiently familiar with the law to be able to
plan and conduct the proceedings without competent legal counsel.
As such, the Debtor initially engaged the services of brother
counsel Jesus Enrique Batista Sanchez, Esq.  However, through a
motion dated April 27, 2017, brother counsel Batista Sanchez
withdrew as the Debtor's legal representative.

The Debtor requires MRO to:

     a. give the Debtor legal advise with respect to its powers and
duties as a debtor in possession in the continued operation of the
Debtor's business; and

     b. perform all legal services for the Debtor as may be
necessary in the reorganization of the Debtor's business.

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

     Myrna L. Ruiz-Olmo, Esq.       $250
     Tomas F. Blanco Perez, Esq.    $200

A retainer fee of $10,000.00 was paid by the Debtor prior to this
application.

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

Myrna L. Ruiz-Olmo, Esq., of MRO Attorneys at Law, LLC, assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtor and its estates.

MRO may be reached at:
  
     Myrna L. Ruiz-Olmo, Esq.
     MRO Attorneys at Law
     PO Box 367819
     San Juan, P.R. 00936-7819
     Tel: (787) 237-7440

                    About Costa Dorada Apartments

Costa Dorada Apartments Corp. is based in Isabela, Puerto Rico.
Costa Dorada filed a chapter 11 petition (Bankr. D. P.R. Case No.
15-04474) on June 12, 2015, and is represented by Jaime Rodriguez
Rodriquez, Esq., at Rodriguez & Asociados, Abogados, CSP, in Vega
Baja, Puerto Rico.

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


CS MINING: Court Denies Approval of Settlement with WUMI
--------------------------------------------------------
Judge William T. Thurman of the U.S. Bankruptcy Court for the
District of Utah denies Debtor and debtor-in-possession CS Mining,
LLC’s motion to approve the settlement agreement by and between
the Debtor and David J. Richards, LLC, d/b/a Western US Mineral
Investors, LLC.

The Court received and thoroughly reviewed the responses to the
WUMI Motion filed by the Official Committee of Creditors Holding
Unsecured Claims; Caterpillar Financial Services Corporation and
Komatsu Financial Limited Partnership; Brahma Group, Inc.; Noble
Americas Corp.; and Waterloo Street Limited, a British Virgin
Islands Company and DXS Capital (U.S.) Limited. The Court also
received and thoroughly reviewed Debtor's reply to the Waterloo
Objection and WUMI's memorandum in support of the WUMI Motion.

The Waterloo Parties argue that the WUMI Motion should be denied
because the WUMI Settlement Agreement lacks good faith, benefits
insiders, abridges Waterloo's rights to be heard on its claims
against WUMI, and was not properly approved by the Debtor's board
of managers. The Debtor and WUMI assert that the WUMI Settlement
Agreement meets the Kopexa standards, is a result of good faith and
fair dealings, and will facilitate any upcoming sale of the
Debtor's assets.

One of Judge Thurman's reasons for denying the settlement is that
if it were approved, Waterloo would be prejudiced because it would
be prevented from possibly equitably subordinating the WUMI Claim,
which is its primary contention in this case. It may be the case
that the validity of the Waterloo equitable subordination claims
against WUMI are not successful. However, section 502(b) requires
this Court to "determine" and adjudicate the Waterloo Claim
Objection on the merits. Accordingly, the WUMI Motion cannot be
used to estop the rights of Waterloo to pursue the Waterloo Claim
Objection and the WUMI Claim cannot be deemed "allowed" through the
WUMI Settlement Agreement.

Another reason is the issue of credit bidding. The WUMI Settlement
Agreement, if approved, would allow WUMI to credit bid its secured
claim at a sale of the Debtor's assets.

Per the Bid Procedures Order, entered in this case about eight
months ago, pre-petition secured creditors are not entitled to
submit a credit bid for some or all of the assets to be sold by the
Debtor unless modified by a further order of the Court or for
cause. Notice of the motion to approve the Bid Procedures Order was
given to all parties in interest and any objections to the same
were resolved or overruled. The Court found that the Bid Procedures
Order was in the best interest of the estate and approved the Bid
Procedure Order.

A Court can prevent a secured creditor from credit bidding when
doing so would enable the maximum value to the estate through fair
and competitive bidding, rather than freezing the sale process, and
when preventing credit bidding is determined to be in the best
interest of the estate. Thus, at the moment, the Court finds no
reason to modify the provision in Bid Procedures Order relating to
credit bidding.

In light of these, the Court finds that WUMI Settlement Agreement
lacks good faith. Under the circumstances, the interests of estate
are better served without the current compromise offered by the
Parties.

For the reasons stated, the WUMI Motion is denied. The Waterloo
Objection is sustained. The Court directs counsel for the Waterloo
Parties to submit a proposed form of order consistent with this
Memorandum Decision for the Court's consideration.

A full-text copy of Judge Thurman's Memorandum Decision is
available at:

            http://bankrupt.com/misc/utb16-24818-793.pdf

                       About CS Mining

CS Mining, LLC, is a mining and processing company headquartered
in
Milford, Utah.

Purported creditors R.J. Bayer Professional Geologist, LLC;
Minerals Advisory Group, LLC; Rollins Construction & Trucking,
LLC;
Rollins Machine, Inc.; and Oxbow Sulphur, Inc., filed an
involuntary petition to put the Company into Chapter 11 bankruptcy
(Bankr. D. Utah Case No. 16-24818) on June 2, 2016.  Brahma Group,
Inc., subsequently joined the petition.

On Aug. 4, 2016, the Debtor filed its Notice of Filing Letter to
the Consent and Proposed Form of Order, together with a proposed
form of Order for Relief, which Order was entered by the Court on
the Relief Date.  Pursuant to the Order for Relief, CS Mining
continues to operate its business and manage its properties as a
debtor-in-possession pursuant to Chapter 11 of the Bankruptcy
Code.

Judge William T. Thurman presides over the case.

The Petitioners are represented by Martin J. Brill, Esq., at
Levene, Neale, Bender, Yoo & Brill L.L.P and George B. Hofmann,
Esq., at Cohne Kinghorn PC.

CS Mining tapped Snell & Wilmer L.L.P. as local counsel, and
Pepper
Hamilton LLP as its legal counsel, nunc pro tunc to June 2, 2016.
FTI Consulting, Inc., as restructuring advisor.  Epiq Bankruptcy
Solutions, LLC, as claims and noticing agent.

The U.S. Trustee on Aug. 12, 2016, appointed an Official Committee
of Unsecured Creditors.  The Committee hired Levene, Neale,
Bender,
Yoo & Brill L.L.P. as lead counsel and Cohne Kinghorn as local
counsel.


DELCATH SYSTEMS: Woos Shareholders' Backing of Reverse Split
------------------------------------------------------------
Delcath Systems, Inc., issued a letter to stockholders in
connection with the Definitive Schedule 14A filed with the SEC on
July 26, 2017.  The full-text copy of the Letter is as follows:

To My Fellow Stockholders:

I write to ask for your support for a reverse stock split as
outlined in the accompanying Schedule 14A.  This is the only item
on the 14A and we ask you to vote FOR the Proposal.

To continue to fund our operations and support our clinical
programs, we need the ability to issue common shares, both to
service the amortization of our Convertible Note and to explore
alternative equity financing.  However, we are currently at the
threshold of the Authorized Shares limit in our Certificate of
Incorporation.  Without a sufficient number of authorized shares,
we are unable to access the $11.8 million of cash in the restricted
account associated with the Convertible Notes issued last year, or
to undertake any type of equity fund raise.  The proposed reverse
split of our common shares will reduce the shares outstanding and
provide us with the flexibility to raise equity capital and support
our important clinical trials and our commercial efforts in
Europe.

In July, we issued two series of preferred stock (Series A
Preferred Stock and Series B Preferred Stock) in transactions with
holders of our Convertible Note.  The Series A shares were issued
to address a short-term valuation issue for common shares delivered
to the Note holders to close an installment period. Through the
Series A Preferred Shares placement, we were able to value the open
installment shares such that the amount of debt remaining under the
Convertible Note was reduced by $4.2 million. The Series B
Preferred Shares, which are convertible to common shares at $0.153,
allowed us to raise $2.0 million in unrestricted cash.  This was
critical to our ongoing operations because we are unable to access
cash in the restricted accounts related to the Convertible Note.
There is $13.7 million in debt remaining under the Convertible
Note.

Effecting the reverse stock split will also allow Delcath to remain
in compliance with NASDAQ exchange stock listing requirements,
which provides liquidity and other important benefits to the
Company and its investors.  It is important to note that the floor
price for the Convertible Note will adjust with the effected
reverse stock split ratio to a minimum of $1.00. We believe this
should serve to support the stock price following a split and
reduce future potential dilution related to the Convertible Note.

For these reasons, we need your support of our proposed reverse
stock split in order for Delcath to move forward successfully, and
on behalf of Delcath's management team and Board of Directors, I am
seeking your support by voting FOR the reverse stock split so we
can continue to build Delcath into a leading interventional
oncology company.  All investors are encouraged to read our
Definitive Schedule 14A in detail for full information regarding
the proposed reverse stock split.

We appreciate your support and look forward to reporting on our
continued clinical and commercial progress.

Sincerely,

Jennifer K. Simpson, Ph.D., MSN, CRNP

President and Chief Executive Officer  

                     About Delcath Systems

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

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

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


DEMCO INC: Okayed to Enlarge DIP Financing to $1.50 Million
-----------------------------------------------------------
The Hon. Michael J. Kaplan of the U.S. Bankruptcy Court for the
Western District of New York has entered an order granting Demco,
Inc.'s request for authorization to amend and to increase the final
debtor-in-possession financing agreement with Alba Investments,
LLC.

The Debtor may modify its senior, secured, super-priority DIP
credit and security agreement dated May 10, 2017, with the Lender
to increase the maximum amount from $1 million to $1.5 million and
to change the deadline in the DIP Financing Agreement for approval
of the Debtor's disclosure statement from July 15, 2017, to Aug.
18, 2017.

The deadline in the DIP Financing Agreement for approval of the
Disclosure Statement is modified from July 15, 2017, to Aug. 30,
2017, subject to the terms and conditions of the DIP Financing
Agreement.

A copy of the Order is available at:

          http://bankrupt.com/misc/nywb12-12465-892.pdf

                        About Demco Inc.

Demco, Inc., aka Decommissioning & Environmental Management
Company, is a specialty trade contractor based in West Seneca, New
York, which provides demolition services, nuclear work,
environmental clean-up, disaster response and a variety of other
services throughout the United States and, on a project-by-project
basis, internationally.  Some of Demco's better known demolition
projects in the past have included the Rocky Flats Nuclear Power
Plant, Yankee Stadium, the Orange Bowl, Buffalo Memorial
Auditorium, and the Sunflower Army Ammunition Plant.

Demco filed for Chapter 11 protection (Bankr. W.D.N.Y. Case No.
12-12465) on Aug. 6, 2012.  Bankruptcy Judge Michael J. Kaplan
presides over the case. Daniel F. Brown, Esq., at Andreozzi,
Bluestein, Fickess, Muhlbauer Weber, Brown, LLP, represents the
Debtor in its restructuring effort.  Freed Maxick CPAs, P.C.,
serves as its accountants, and Horizons Consulting, LLC, serves as
its tax consultants.  The petition was signed by Michael J. Morin,
controller.

Tracy Hope Davis, the U.S. Trustee for Region 2, appointed three
creditors to serve on the Official Committee of Unsecured
Creditors.  The Committee retained Amigone, Sanchez & Mattrey, LLP,
as its counsel.

First Niagara Bank, the cash collateral lender, is represented by
William F. Savino, Esq., at Damon Morey.


DEVOES MUSIC: Hires Goldman & Goldman as Accountants
----------------------------------------------------
DeVoe's Music, Inc., seeks authorization from the U.S. Bankruptcy
Court for the Eastern District of Pennsylvania to employ Goldman &
Goldman CPA's, LLP as accountants, nunc pro tunc.

The Debtor requires Goldman & Goldman to:

     a. prepare monthly operating reports;

     b. prepare tax returns;

     c. assist in the preparation of projections and other
financial documentation for the purpose of formulating a Chapter 11
plan.

The Debtor will compensate Goldman & Goldman at $200 per hour.

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

Stephen Goldman, CPA, partner in the accounting firm of Goldman &
Goldman CPA's, 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.

Goldman & Goldman may be reached at:

      Stephen Goldman, CPA
      Goldman & Goldman CPA's, LLP
      250 County Line Rd
      Huntingdon Valley, PA 19006
      Tel: 215-947-3094
      Fax: 215-947-3324

                   About DeVoe's Music Inc

DeVoe's Music, Inc., based in Lansdale, Pennsylvania, has been in
the musical instrument sales and service business since 1924. The
Debtor filed a Chapter 11 bankruptcy petition (Bankr. E.D. Pa. Case
No. 17-13100) on May 1, 2017.  The Hon. Eric L. Frank presides over
the case.  Ellen M. McDowell, Esq., at McDowell Posternock Apell &
Detrick, PC, serves as bankruptcy counsel.

In its petition, the Debtor estimated $50,000 to $100,000 in assets
and $1 million to $10 million in liabilities.  The petition was
signed by Armand H. DeVoe, Jr., authorized representative.

A list of the Debtor's 19 largest unsecured creditors is available
for free at http://bankrupt.com/misc/paeb17-13100.pdf


DEVON ENERGY: Egan-Jones Hikes Sr. Unsecured Ratings to BB
----------------------------------------------------------
Egan-Jones Ratings Company, on June 7, 2017, raised the senior
unsecured ratings on debt issued by Devon Energy Corp. to BB from
BB-.

Devon Energy Corporation is an independent natural gas, natural gas
liquids, and petroleum producer focused on onshore exploration and
production in North America.


DIGITALGLOBE INC: Egan-Jones Cuts Sr. Unsec. Ratings to BB-
-----------------------------------------------------------
Egan-Jones Ratings Company, on June 15, 2017, downgraded the senior
unsecured ratings on debt issued by Digital Globe Inc. to BB- from
BB.

DigitalGlobe is an American commercial vendor of space imagery and
geospatial content, and operator of civilian remote sensing
spacecraft.



DON ROSE OIL: Seeks to Hire Brown Armstrong as Accountant
---------------------------------------------------------
Don Rose Oil Co., Inc. seeks approval from the U.S. Bankruptcy
Court for the Eastern District of California to hire an
accountant.

The Debtor proposes to hire Brown Armstrong to, among other things,
prepare financial statements and tax returns, and provide
tax-related advice in connection with its Chapter 11 case.

Brown Armstrong does not hold any interest adverse to the Debtor,
according to court filings.

The firm can be reached through:

     Ryan Nielsen
     Brown Armstrong
     4200 Truxtun Ave, Suite 300
     Bakersfield, CA 93309
     Tel: 661-324-4971
     Toll Free: 888-565-1040
     Fax: 661-324-4997

                   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.  

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

On July 25, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.


DOUBLE EAGLE: Hires Gold Weems as Attorneys
-------------------------------------------
Double Eagle Energy Services, LLC seeks authorization from the U.S.
Bankruptcy Court for the Western District of Louisiana to employ
radley L. Drell and the law firm Gold, Weems, Bruser, Sues &
Rundell, APLC as attorneys.

The Debtor requires Gold Weems to give legal advice with respect to
the Debtor's powers and duties as debtor-in-possession in the
continued operation of the Debtor's business and management of the
Debtor's property, and to perform all legal services for the
debtor-in-possession which may be necessary herein.

Gold Weems will be reimbursed for reasonable out-of-pocket expenses
incurred.

Bradley L. Drell assured the Court that the firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code and does not represent any interest adverse to
the Debtor and its estate.

Gold Weems can be reached at:

       Bradley L. Drell, Esq.
       B. Gene Taylor, III, Esq.
       GOLD, WEEMS, BRUSER, SUES & RUNDELL
       P.O. Box 6118
       Alexandria, LA 71307-6118
       Tel: (318) 445-6471
       Fax: (318) 445-6476
       E-mail: bdrell@goldweems.com
               gtaylor@goldweems.com

              About Double Eagle Energy Services LLC

Founded in 2006, Double Eagle Energy Services provides general
contracting services such as constructing water and sewer mains.

Double Eagle Energy Services, LLC, based in Alexandria, La., filed
a Chapter 11 petition (Bankr. W.D. La. Case No. 17-80717) on July
17, 2017.  The Hon. John W. Kolwe presides over the case. Bradley
L. Drell, Esq., at Gold, Weems, Bruser, Sues & Rundell, serves as
bankruptcy counsel.

In its petition, the Debtor indicated $12.41 million in total
assets and $13.18 million in total liabilities. The petition was
signed by Joe Ratcliff or Bob Ratcliff, owners.


DYNAMIC CONSTRUCTION: Taps Shelton & Company as Accountant
----------------------------------------------------------
Dynamic Construction Services, Inc. seeks approval from the U.S.
Bankruptcy Court for the Western District of Virginia to hire an
accountant.

The Debtor proposes to hire Shelton & Company, CPAs, P.C. to, among
other things, prepare its income tax returns and bookkeeping
entries necessary for the filing of the tax returns, and prepare
any adjusting entries for review and approval.  

The hourly rates charged by the firm are:

     Managing Partner     $175
     Tax Manager          $150
     Staff Accountant     $125

Shelton & Company will also be paid a retainer fee in the amount of
$3,500.

Chad Maddox, a certified public accountant and co-managing director
at Shelton & Company, disclosed in a court filing that the firm
does not hold or represent any interest adverse to the Debtor's
estate.

The firm can be reached through:

     Chad Maddox
     Shelton & Company, CPAs, P.C.
     P.O. Box 10068
     3316 Naval Reserve Road
     Lynchburg, VA 24501
     Phone: (434) 846-9640 / (800) 446-2534
     Fax: (434) 846-9642

                    About Dynamic Construction

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

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

Judge Rebecca B. Connelly presides over the case.

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


E&M 2710 CLARENDON: Voluntary Chapter 11 Case Summary
-----------------------------------------------------
Debtor: E&M 2710 Clarendon LLC
        1107 Rogers Avenue
        Brooklyn, NY 11226

Business Description: E&M 2710 Clarendon 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 1107 Rogers Ave
                      Brooklyn, NY 11226-7107.

Chapter 11 Petition Date: July 27, 2017

Case No.: 17-43814

Court: United States Bankruptcy Court
       Eastern District of New York (Brooklyn)

Judge: Hon. Elizabeth S. Stong

Debtor's Counsel: Robert S Lewis, Esq.
                  LAW OFFICE OF ROBERT S. LEWIS, PC
                  53 Burd Street
                  Nyack, NY 10960
                  Tel: (845) 358-7100
                  Fax: (845) 353-6943
                  E-mail: robert.lewlaw1@gmail.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Errol Morris, manager.

The Debtor failed to include a list of its 20 largest unsecured
creditors at the time of the filing.

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

         http://bankrupt.com/misc/nyeb17-43814.pdf


EARTHONE CIRCUIT: Seeks to Hire GlassRatner, Appoint CRO
--------------------------------------------------------
EarthOne Circuit Technologies Corporation seeks approval from the
U.S. Bankruptcy Court for the Central District of California to
hire GlassRatner Advisory & Capital Group, LLC and designate J.
Michael Issa as its chief restructuring officer.

As CRO, Mr. Issa, together with his firm, will manage the Debtor's
business and will oversee the administration of its Chapter 11
case.  He will also be responsible for all aspects of the sale
proceedings in the Debtor's case.

The Debtor will pay GlassRatner a monthly advisory fee of $10,000
and will reimburse the firm for work-related expenses.  Moreover,
upon the closing of a sale of all or substantially all of the
Debtor's assets, the firm will receive an additional payment of
$20,000.

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

GlassRatner can be reached through:

     J. Michael Issa
     GlassRatner Advisory & Capital Group, LLC
     19800 MacArthur, Suite 820
     Irvine, CA 92612
     Phone: 949-862-1595

                   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.

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

The case is assigned to Judge Catherine E. Bauer.  Winthrop Couchot
Golubow Hollander, LLP represents the Debtor as bankruptcy
counsel.

On July 7, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.


ENERGEN CORP: Egan-Jones Hikes Sr. Unsec. Rating to BB-
-------------------------------------------------------
Egan-Jones Ratings Company, on June 13, 2017, raised the senior
unsecured ratings on debt issued by Energen Corp. to BB- from B+.

Energen Corporation is an oil and gas exploration and production
company headquartered in Birmingham, Alabama.




ENERGY FUTURE: Objects to Elliot Funds' Hearing Adjournment Bid
---------------------------------------------------------------
BankruptcyData.com reported that Berkshire Hathaway Energy (BHE)
and Energy Future Holdings (EFH) filed with the U.S. Bankruptcy
Court separate objections to Elliott Funds' motion to adjourn the
hearing to consider the motion of EFH/Energy Future Intermediate
Holdings (EFIH) merger agreement and related termination fee.
BHE's objection asserts, "The Movants are effectively seeking to
prevent a hearing on the merits of the Merger Agreement by seeking
to prevent the Debtors from reaching the milestones set forth in
Section 8.2(h)(ii) and (iii), without allowing the Debtors to even
have a hearing on the merits of the Merger Agreement. These
milestones are (a) entry of the Approval Order (as defined in the
Merger Agreement) not later than 45 days after the date of the
Merger Agreement, and (b) entry of an order approving the
Disclosure Statement by September 5, 2017. Even if Elliott were
able to raise the funding that Elliott has indicted it is seeking,
Elliott's contemplated structure would leave the reorganized EFIH
with at least $4 billion of senior secured debt and at least $1.5
billion of preferred stock, with the terms of such preferred stock
allowing the shareholders to 'put' the stock to EFIH in just four
years. In contrast, the NextEra proposal left no debt at
reorganized EFIH, and the conditions to which BHE has agreed with
the PUCT staff and key interveners also leaves no debt at
reorganized EFIH.  If this Court does not enter the Approval Order
by August 21, 2017, which cannot occur if the Motion to Adjourn is
granted, BHE will terminate the Merger Agreement and the Movants
will have torpedoed the only concrete viable path forward for the
Debtors, without even addressing the merits of the Merger
Agreement, thereby depriving the Debtors of their day in Court."

                        About Energy Future

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

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

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

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

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

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

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

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

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

On May 13, 2014, the U.S. Trustee appointed the Official Committee
of TCEH Unsecured Creditors in the Chapter 11 Cases.  The TCEH
Committee is composed of (a) the Pension Benefit Guaranty
Corporation; (b) HCL America, Inc.; (c) BNY, as Indenture Trustee
under the EFCH 2037 Notes due 2037 and the PCRBs; (d) LDTC, as
Indenture Trustee under the TCEH Unsecured Notes; (e) Holt Texas
LTD, d/b/a Holt Cat; (f) ADA Carbon Solutions (Red River); and (g)
Wilmington Savings, as Indenture Trustee under the TCEH Second
Lien Notes.  The TCEH Committee retained Morrison & Foerster LLP as
counsel; Polsinelli PC as co-counsel and conflicts counsel; Lazard
Freres & Co. LLC as investment banker; FTI Consulting, Inc. as
financial advisor; and Charles River Associates as an energy
consultant.

On October 27, 2014, the U.S. Trustee appointed the Official
Committee of Unsecured Creditors representing the interests of the
unsecured creditors for EFH, EFIH, EFIH Finance, and EECI, Inc.
The EFH/EFIH Committee is composed of (a) American Stock Transfer &
Trust Company, LLC; (b) Brown & Zhou, LLC c/o Belleair Aviation,
LLC; (c) Peter Tinkham; (d) Shirley Fenicle, as
successor-ininterest to the Estate of George Fenicle; and (e) David
William Fahy.  The EFH/EFIH Committee retained Montgomery,
McCracken, Walker & Rhodes, LLP as co-counsel and conflicts
counsel; AlixPartners, LLP as restructuring advisor; Sullivan &
Cromwell LLC as counsel; Guggenheim Securities as investment
banker; and Kurtzman Carson Consultants LLC as noticing agent for
both the TCEH Committee and the EFH/EFIH Committee.

Given the size and complexity of the Chapter 11 Cases, the U.S.
Trustee proposed, and the Debtors and the TCEH Committee agreed,
to recommend that the Bankruptcy Court appoint a committee to,
among other things, review and report as appropriate on fee
applications and statements submitted by the professionals paid for
by the Debtors' Estates.  The Fee Committee is comprised of four
members: (a) one member appointed by and representative of the
Debtors (Cecily Gooch, Vice President and Special Counsel for
Restructuring, Energy Future Holdings); (b) one member appointed by
and representative of the TCEH Creditors' Committee (Peter Kravitz,
Principal and General Counsel, Province Capital); (c) one member
appointed by and representative of the U.S. Trustee (Richard L.
Schepacarter, Trial Attorney, Office of the United States Trustee);
and (d) one independent member (Richard Gitlin, of Gitlin and
Company, LLC).   The Fee Committee retained Godfrey & Kahn, S.C. as
counsel; and Phillips, Goldman & Spence, P.A. as
co-counsel.

                          *     *     *

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


ENERGY FUTURE: S&P Gives DIP Term Loan 'BB-' Point-In-Time Rating
-----------------------------------------------------------------
S&P Global Ratings assigned its point-in-time 'BB-' issue-level
rating to Energy Future Intermediate Holding Co. LLC (EFIH)
debtor-in-possession (DIP) term loan of up to $6.3 billion due June
30, 2018. S&P expects the facility to provide sufficient liquidity
through maturity to help the company complete its reorganization.

S&P said, "The DIP facility rating reflects our view of the credit
risk borne by the DIP lenders. The rating primarily reflects our
view of the likelihood of full cash repayment (from exit financing
or otherwise) of the DIP facility through the company's
reorganization and emergence from Chapter 11 (we refer to this part
of the rating as the capacity for repayment at emergence, or
[CRE]). The rating also considers the potential for lenders to
realize a full recovery if the company is unable to reorganize and
is forced to liquidate its assets or sell them under extremely
distressed conditions.

"The CRE risk serves as the anchor for the DIP rating. We assess
this risk at the upper end of the high risk range, primarily
because the target going concern coverage is below the 150%
threshold needed to be characterized as what we consider to be
moderate risk, and because EFIH's cash flow is insufficient to
service the interest costs on the DIP. These risks offset the more
favorable assessments for the company's restructuring needs and its
business risk profile and operating outlook. The CRE or anchor
rating is 'b+'. We applied a one-notch enhancement to the anchor
based on our expectations that DIP lenders would still receive a
full recovery under a distressed forced sale of the company's
equity interest in Oncor Electric Delivery Holdings LLC."

This rating only applies to the DIP facilities and does not
represent the expected rating on any successor loan if this DIP
facility is refinanced at emergence. Because the DIP facility
rating is a point-in-time rating, it is effective only for the date
of this report, and S&P will not review, modify, or provide ongoing
surveillance of the rating.


ESSEX CONSTRUCTION: Ch.11 Trustee Hires Auction Markets as Agent
----------------------------------------------------------------
Bradford F. Englander, the Chapter 11 Trustee for Essex
Construction, LLC, asks the U.S. Bankruptcy Court for the District
of Maryland for permission to employ Auction Markets, LLC as his
sales agent.

The Chapter 11 Trustee requires Auction Markets to:

     a. market and sell the Debtors business as a going concern;

     b. prepare marketing materials and organizing the sale;

     c. advise the Trustee with respect to any sale of the Debtor's
business; and

     d. testify, as needed, in connection with the proposed sale of
the Debtor's business.

Auction Markets proposes to render services on a contingency fee
basis with a 5% commission subject to and due upon closing of the
sale of the Debtor's business, subject to Court approval.

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

Stephen Karbelk, founder of Auction Markets, LLC, assured the Court
that the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtor and its estates.

Auction Markets may be reached at:

      Stephen Karbelk
      Auction Markets, LLC
      20333 Medalist Drive
      Ashburn, VA 20147
      Tel: (571) 481-1037
      
            About Essex Construction, LLC

Essex Construction, LLC, filed a Chapter 11 petition (Bankr. D. Md.
Case No. 16-24661) on Nov. 4, 2016. The petition was signed by
Roger R. Blunt, president and chief executive officer. The case is
assigned to Judge Thomas J. Catliota. At the time of filing, the
Debtor estimated assets to be less than $50,000 and liabilities at
$1 million to $10 million.

The Debtor hired Kim Y. Johnson, Esq., at the Law Offices of Kim Y.
Johnson, and N. William Jarvis, Esq., as legal counsel.

The Debtor has Robert Wrightson as executive vice president; Marc
Hunter as executive assistant to the President and CEO; Mr. Curtis
Bowers as marketing director; and BradyRenner and Company, LLC as
accountant.

The Office of the U.S. Trustee appointed Bradford F. Englander,
Esq., as Chapter 11 trustee on March 17, 2017. The court confirmed
the appointment on March 21, 2017. The Chapter 11 trustee is
represented by Bradford F. Englander, Esq. at Whiteford, Taylor &
Preston, LLP. The Trustee hires Protiviti Inc., as financial
advisor.


EXCEL STAFFING: Wants DIP Financing From Stephen Brown, et al.
--------------------------------------------------------------
Excel Staffing Services, Inc., asks for authorization from the U.S.
Bankruptcy Court for the Eastern District of Virginia to obtain
post-petition financing in an amount not to exceed the total amount
of the Debtor's accounts receivable from Stephen Brown, Edward
Brown, Beverly Davis, Lydia Saboor, Eugene Thomas, and Bill Weber.


The Debtor finances its business operations through contracts and
the receivables generated therefrom.  However, any cash flow will
not provide funds to the Debtor until the time as receivables have
been received.  The receipt may be after a required payroll.  The
Financing requested will assist cash flow for the gap period.

One or more of the Lenders will provide cash to the Debtor when
needed in an amount not greater than one or more identified
receivables of the Debtor.  Upon receipt of the identified
receivable(s), the Debtor will immediately provide said funds over
to the respective Lender.  The terms of the Financing are:

     (a) Loan Amount: principal amount not to exceed the requisite

         identified receivable;

     (b) Interest Rate: interest will accrue on the outstanding    
     
         principal balance at a rate equal to 0% per annum;

     (c) Payment Terms: all outstanding principal and interest
         will be due and payable without notice, demand or setoff
         on the earlier of (a) the day after the date the accounts

         receivable are collected, (b) conversion of the Debtor's
         Chapter 11 case to Chapter 7 and (c) the sale of
         substantially all of the Debtor's assets; and

     (d) Security: the Lender will have a perfected lien in the
         identified receivable.

The Debtor tells the Court that financing is necessary for the
Debtor to pay its employees their earned wages, salaries,
commissions, reimbursable advances, and the related costs of and
taxes related to its employment, to pay the costs of using and
maintaining its property, to pay the costs of operating its
business as a going concern, in the pursuit of a reorganization in
accordance with Chapter 11 of the U.S. Bankruptcy Code.  

Without the relief requested, the Debtor may not be able to pay
wages, salaries, taxes, and other ongoing operating expenses in the
ordinary course of its operations.  Interruption of the Debtor's
business in this manner will significantly harm the Debtor's estate
and fundamentally undermine its reorganization efforts.

The Lenders are relatives and family friends of Billie Brown, the
Debtor's president and sole shareholder.  The Debtor assures the
Court that to the extent possible, the Financing has been
negotiated in good faith and at arms length between the Debtor and
Lenders.

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

           http://bankrupt.com/misc/vaeb16-35795-72.pdf

                 About Excel Staffing Services

Excel Staffing Services, Inc., sought protection under Chapter 11
of the Bankruptcy Code (Bankr. E.D. Va. Case No. 16-35795) on Nov.
28, 2016.  The petition was signed by Billie Brown, president.

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

The Debtor hired Tavenner & Beran PLC as counsel, and ReavesColey,
PLLC, as special counsel.


FAUSER OIL: Seeks Clarification Over Retention of Counsel
---------------------------------------------------------
Fauser Oil Co., Inc. asked the U.S. Bankruptcy Court for the
Northern District of Iowa to issue an order clarifying that Simmons
Perrine Moyer Bergman, PLC and two other law firms are also
employed by Dawson Oil Company, LLC and CEF Energy, LLC in their
Chapter 11 cases.

The court had earlier approved the retention of Simmons Perrine,
Sweet DeMarb LLC, and Halloush Law Office P.C. as legal counsel to
Fauser Oil and its three affiliates.  

The affiliates are Fauser Energy Resources Inc., Fauser Transport
Inc. and Ron's L.P. Gas Service LLC.  The companies, together with
Fauser Oil, sought Chapter 11 protection on April 24.

Meanwhile, Dawson Oil and CEF Energy both filed their bankruptcy
cases on June 8.

In the same filing, Fauser Oil also asked the court to clarify in
its order that Harney Management Partners LLC is also employed by
Dawson Oil and CEF Energy as their financial and turnaround
consultant.

The deadline for filing objections to the request is August 3.

                 About Fauser Oil Co., Inc.

Elgin, Iowa-based Fauser Energy Resources, Inc. --
http://www.fauserenergy.com/-- supplies and delivers propane and  
fuel products to residential and commercial customers throughout
the Midwest region of the U.S.

Fauser Oil Co. Inc., Fauser Energy Resources Inc., Fauser Transport
Inc. and Ron's L.P. Gas Service LLC sought protection under Chapter
11 of the Bankruptcy Code (Bankr. N.D. Iowa Lead Case No. 17-00466)
on April 24, 2017. Paul Fauser, president, signed the petition.

At the time of the filing, Fauser Energy disclosed that it had
estimated assets and debts of $1 million to $10 million.

On June 8, 2017, Dawson Oil Company, LLC and CEF Energy, LLC filed
Chapter 11 petitions (Bankr. N.D. Iowa Case Nos. 17-00700 and
17-00698).  On July 7, 2017, the court ordered the joint
administration of the Dawson and CEF cases with the original four
cases.

Judge Thad J. Collins presides over the cases.  Simmons Perrine
Moyer Bergman, PLC is the general legal counsel.  Sweet DeMarb LLC
and Halloush Law Office, P.C. have also been hired as legal
counsel.

On May 12, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors for Fauser Oil.  No
creditors' committee has been appointed for the other Debtors.  The
Fauser Oil committee retained Pepper Hamilton as legal counsel and
Cutler Law Firm, P.C., as associate counsel.


FINJAN HOLDINGS: Underwriter Exercises Over-Allotment Option
------------------------------------------------------------
Finjan Holdings, Inc., disclosed that the underwriter of its
previously announced public offering of 3.6 million shares of its
common stock has exercised the option to purchase an additional
540,000 shares to cover over allotments, bringing the total gross
proceeds from the offering to $13.0 million, before deducting the
underwriting discount and offering expenses payable by Finjan.  The
exercise of the over-allotment option closed on July 25, 2017.  All
shares were offered and sold by Finjan with B. Riley & Co., LLC
acting as the sole bookrunner in the offering.

"Our partnership with B. Riley has now extended through several
transactions and we appreciate their confidence both in Finjan's
recent business achievements and future growth prospects," said
Phil Hartstein, president and CEO of Finjan Holdings.  "B. Riley
has become a trusted partner of Finjan.  They have invested the
time to understand the complexities of our business and we value
their continued support."

                         About Finjan

Established 20 years ago, Finjan Holdings, Inc. (NASDAQ: FNJN)
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.


FLOUR MOUNTAIN: Hires Mosel & Ginn as Accountant
------------------------------------------------
Flour Mountain, LLC seeks permission from the U.S. Bankruptcy Court
for the Northern District of Texas to employ Mosel & Ginn, PLLC as
accountant, bookkeeper and tax service provider for the Debtor.

The Debtor requires Mosel & Ginn to:

     a. analyze the Debtor's financial position, assets, and
liabilities;

     b. provide bookkeeping services as needed by the Debtor and
prepare all necessary reports related thereto;

     c. assist with the preparation of the monthly operating
reports; and

     d. assist in such other accounting and financial matters as
may be mutually agreed upon between Debtor and the firm in
connection with this chapter 11 bankruptcy case.

The Debtor shall pay the firm within 30 days of receipt of such
monthly invoices without the need for a fee application so long as
such monthly invoice amount does not exceed $1,000 for the
preparation of the first monthly operating report and $500 per
month for each monthly operating report prepared thereafter.

Doug Mosel, CPA, partner in Mosel & Ginn, PLLC, assured the Court
that the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtor and its estates.

MG may be reached at:

      Doug Mosel, CPA
      Mosel & Ginn, PLLC
      1255 W 15th St, Suite 135
      Plano, TX 75075
      Tel: (469) 429-4229
     
                        About Flour Mountain

Flour Mountain, LLC, operates a Mellow Mushroom restaurant.  It is
a franchisee under an agreement with Home Grown Industries, the
franchisor of Mellow Mushroom restaurants.  Mellow Mushroom is a
pizzeria chain featuring craft beer, calzones and creative
stone-baked pizzas.  

Flour Mountain is an affiliate of Greenville Dough, LLC, Melkinney,
LLC, and Quality Franchise Restaurants, which entities sought
bankruptcy protection (Bank. N.D. Tex. Case Nos. 17-31858 to
17-31860) on May 5, 2017.

Flour Mountain filed a Chapter 11 petition (Bankr. N.D. Tex. Case
No. 17-32052) on May 25, 2017.  Luis Gonzalez, managing member,
signed the petition.  At the time of filing, Flour Mountain
estimated less than $50,000 in assets and $1 million to $10 million
in estimated liabilities.

The case is assigned to Judge Barbara J. Houser.

The Debtor is represented by Robert Thomas DeMarco, Esq., at
DeMarco-Mitchell, PLLC.  

No trustee or examiner has been appointed, and no official
committee of creditors has yet been established.



FRONTIER COMMUNICATIONS: Bank Debt Trades at 4% Off
---------------------------------------------------
Participations in a syndicated loan under Frontier Communications
is a borrower traded in the secondary market at 95.88
cents-on-the-dollar during the week ended Friday, July 21, 2017,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents a decrease of 1.80 percentage points from the
previous week.  Frontier Communications pays 350 basis points above
LIBOR to borrow under the $1.5 billion facility. The bank loan
matures on June 1, 2024 and carries Moody's B1 rating and Standard
& Poor's BB rating.  The loan is one of the biggest gainers and
losers among 247 widely quoted syndicated loans with five or more
bids in secondary trading for the week ended July 21.


FUNCTION(X) INC: Chief Operating Officer Resigns
------------------------------------------------
Brian Rosin, Function(x) Inc.'s chief operating officer, has
resigned from that position, effective July 31, 2017, according to
a Form 8-K report filed with the Securities and Exchange
Commission.

                       About Function(x)

Based in New York, FunctionX Inc (NASDAQ:FNCX) is a diversified
media and entertainment company.  The Company conducts three lines
of businesses, which are digital publishing through Wetpaint.com,
Inc. (Wetpaint) and Rant, Inc. (Rant); fantasy sports gaming
through DraftDay Gaming Group, Inc. (DDGG), and digital content
distribution through Choose Digital, Inc. (Choose Digital).  The
Company's segments include Wetpaint, which is a media channel
reporting original news stories and publishing information content
covering television shows, music, celebrities, entertainment news
and fashion; Choose Digital, which is a business-to-business
platform for delivering digital content; DDGG, which is a
business-to-business operator of daily fantasy sports, and Other.
The Company's digital publishing business also includes Rant, which
is a digital publisher that publishes original content in over 13
verticals, such as in sports, entertainment, pets, cars and food.

Function(x) incurred a net loss of $63.68 million for the year
ended June 30, 2016, compared to a net loss of $78.53 million for
the year ended June 30, 2015.

As of Dec. 31, 2016, Function(x) had $31.80 million in total
assets, $27.94 million in total liabilities and $3.85 million in
total stockholders' equity.

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


FUNCTION(X) INC: Inks Mutual Release Agreement with Stockholders
----------------------------------------------------------------
Function(x) Inc. entered into an Amendment and Mutual Release
Agreement with all holders of the Company's Series G Preferred
Stock other than (i) affiliates of Robert FX Sillerman, the
Company's executive chairman and chief executive officer and (ii)
the law firm which was outside counsel to the Company at the time
of the Series G offering.  Pursuant to the terms of the Agreement,
the Company agreed to make a cash payment to each of the Holders in
an aggregate amount equal to 90% of each such Holder's investment
in the Company's Series G Preferred Stock (such Cash Payment to be
made in four equal installments according to the terms of the
Agreement), in exchange for (i) the Holders agreement to amend and
restate the Certificate of Designations, Preferences and Rights of
the Series G Stock; and (ii) a settlement of and mutual release of
(x) the Company and (y) each of the Holders (and their successors
and assigns), each relating to any and all actions, obligations and
losses that the Company or any of the Holders suffered by reason of
or arising out of that certain Subscription Agreement, dated May 2,
2017, the Offering, the issuance and sale of the Company's Series G
Preferred Stock and any and all disclosures, representations and/or
warranties made in connection therewith and any and all matters
related to any of the foregoing, whether or not known or unknown.

The Agreement also provides that the Holders may put the shares of
Series G Preferred Stock to the Company at any time following the
six month anniversary of the Agreement at a price equal to $100 per
share of the Series G Preferred Stock.  Additionally, the Agreement
provides that the Company may call the shares of Series G Preferred
Stock at any time following the date of the Agreement a price equal
to $105 per share of Series G Preferred Stock.  The price for the
put and the call increase 5% per annum.

In connection with the execution of the Agreement, Sillerman
executed a Personal Guaranty for the benefit of the Holders,
guaranteeing the punctual payment, performance and observance when
due, of all of the Company's monetary obligations under the
Agreement and all other sums due from the Company to the Holders
arising under the Agreement.

         Files Series G Certificate of Designation

On July 21, 2017, the Company filed the A&R Certificate of
Designation with the Secretary of State of the State of Delaware
with respect to the Company's Series G Convertible Preferred Stock.
The A&R Certificate of Designation, among others, amends the
Holders' conversion right with respect to the share of Series G
Convertible Preferred Stock.  All shares of Series G Convertible
Preferred Stock are now convertible into 10 shares of the Company's
common stock, par value $0.001 per share.

The A&R Certificate of Designation also includes punitive measures
for the Company's failure to timely convert such shares of Series G
Preferred Stock into Common Stock upon receipt of a valid
conversion notice from a Holder.  Additionally, the A&R Certificate
of Designation includes a covenant whereby the Company has agreed
to take all action necessary to reserve and keep available enough
shares of Common Stock as will from time to time be necessary to
effect the conversion of all shares of the Company's Series G
Preferred Stock.  Finally, the A&R Certificate of Designation
increases the percentage of Holders required to amend the A&R
Certificate of Designation from what was previously the affirmative
vote of 25% of the Holders plus Sillerman to the current
requirement of the affirmative vote of 51% of the Holders.  The
affirmative vote of Sillerman is no longer a prerequisite for
further amendment of the Certificate of Designation.

                       About Function(x)

Based in New York, FunctionX Inc (NASDAQ:FNCX) is a diversified
media and entertainment company.  The Company conducts three lines
of businesses, which are digital publishing through Wetpaint.com,
Inc. (Wetpaint) and Rant, Inc. (Rant); fantasy sports gaming
through DraftDay Gaming Group, Inc. (DDGG), and digital content
distribution through Choose Digital, Inc. (Choose Digital).  The
Company's segments include Wetpaint, which is a media channel
reporting original news stories and publishing information content
covering television shows, music, celebrities, entertainment news
and fashion; Choose Digital, which is a business-to-business
platform for delivering digital content; DDGG, which is a
business-to-business operator of daily fantasy sports, and Other.
The Company's digital publishing business also includes Rant, which
is a digital publisher that publishes original content in over 13
verticals, such as in sports, entertainment, pets, cars and food.

Function(x) incurred a net loss of $63.68 million for the year
ended June 30, 2016, compared to a net loss of $78.53 million for
the year ended June 30, 2015.

As of Dec. 31, 2016, Function(x) had $31.80 million in total
assets, $27.94 million in total liabilities and $3.85 million in
total stockholders' equity.

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


GARBER BROS: Hires Reid & Riege as Special Counsel
--------------------------------------------------
Garber Bros., Inc., seeks authorization from the U.S. Bankruptcy
Court for the District of Massachusetts to employ Reid & Riege, PC
as special litigation counsel to the Debtor and
Debtor-in-Possession.

Garber principally financed its product purchases and operations
through a revolving credit facility with Citizens Bank, N.A.
("Citizens") in the maximum amount of $20,000,000 (the "Citizens
Loan"). In connection with the Citizens Loan and among other
things, Garber granted to Citizens a security interest in
substantially all of its assets.

On April 6, 2017, Citizens declared the Citizens Loan to be in
default and refused to advance further funds thereunder. Inasmuch
as Garber had no liquidity and no access to its credit line, it
determined to enter into an orderly wind-down of its affairs.

The Court entered an order approving the Debtor's use of cash
collateral pursuant to Section 363(a) of the Bankruptcy Code to
fund its continued wind down pursuant to a cash collateral
stipulation with Citizens. In accordance with the Stipulation, the
Debtor is entitled to use Citizens' Cash Collateral pursuant to a
budget to pay its ordinary and necessary expenses, to pay
applicable taxes, to fund certain reserves relating to the
administration of the estate, and to make adequate protection
payments to Citizens.

The Debtor distributed a substantial volume of products to certain
customers in Connecticut and included among the Debtor's
receivables are amounts due from account debtors incorporated in
and operating in Connecticut. Certain of those customers are
related entities and have significant payables due to the Debtor.

The Debtor has determined to initiate appropriate court proceedings
to collect certain of the Connecticut Receivables and may determine
to initiate additional proceedings in the future.

The Debtor has retained Murphy & King, Professional Corporation,
("M&K") as its general bankruptcy counsel. M&K does not employ
litigation professionals licensed in Connecticut who could perform
the services to be performed under this application.

The Debtor requires the expertise of Reid & Riege in order to
prosecute such actions in Connecticut which has jurisdiction over
those account debtors.

Reid & Riege will render as Section 327(e) special Connecticut
litigation counsel will relate solely to the described litigation
to collect the Connecticut Receivables and not the general
administration of the case.

Reid & Riege will seek compensation based upon its normal and usual
hourly billing rates, and will seek reimbursement of expenses.

Eric Henzy, Esq., stockholder with the firm of Reid & Riege, PC,
assured the Court that the firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code and does
not represent any interest adverse to the Debtor and its estates.

Reid & Riege may be reached at:

       Eric Henzy, Esq.
       Reid & Riege, PC
       One Financial Plaza, 21st Floor
       Hartford, CT
       Tel: (860) 240-1081
       Fax: (860) 240-1002
       E-mail: ehenzy@rrlawpc.com

                          About Garber Bros.

Garber Bros., Inc., is a greater Boston convenience store
distributor. It abruptly closed its doors on April 10, 2017, and
ceased operations.

Alleged creditors signed an involuntary Chapter 7 petition for
Garber Bros. (Bankr. D. Mass. Case No. 17-11802) on May 15,
2017.  The petitioning creditors are BIC USA, Conagra Brands,
Inc., General Mills, Inc., Mars Financial Services, Mondelez,
Nestle USA, The Coca-Cola Company, and The Hershey Company.  The
petitioning creditors are represented by Janet E. Bostwick, at
Janet E. Bostwick, PC.

On June 7, 2017, the Court granted the Debtor's motion to convert
the case to Chapter 11.  Murphy & King, PC, is the Debtor's
counsel, and Argus Management Corporation serves as the Debtor's
financial advisor.

On June 28, 2017, the U.S. Trustee appointed an official committee
of unsecured creditors.  The Committee is represented by Blakeley
LLP.


GLAZER FOODS: Hires Van Horn Law as Counsel
-------------------------------------------
Glazer Foods, LLC., d/b/a Alfonso Gourmet Pasta, seeks
authorization from the U.S. Bankruptcy Court for the Southern
District of Florida to employ Van Horn Law Group, PA as counsel for
the Debtor, nunc pro tunc to July 7, 2017.

The Debtor requires Van Horn Law to:

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

     b. advise the debtor with respect to its responsibilities in
complying with the US Trustee's Operating Guidelines and Reporting
Requirements and with the rules of the court;

     c. prepare motions, pleadings, orders, applications, adversary
proceedings, and other legal documents necessary in the
administration of the case;

     d. protect the interest of the Debtor in all matters pending
before the court;

     e. represent the Debtor in negotiation with its creditors in
the preparation of a plan.

Van Horn Law will be paid at these hourly rates:

     Chad Van Horn, Esq.    $400
     Associates             $350
     Jay Molluso            $300
     Law Clerks             $175
     Paralegals             $175

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

Chad Van Horn, Esq., founding partner of the law firm of Van Horn
Law Group, PA, assured the Court that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code and does not represent any interest adverse to the Debtor and
its estates.

Van Horn Law may be reached at:

      Chad Van Horn, Esq.
      Van Horn Law Group, PA
      330 N. Andrews Avenue, Suite 450
      Fort Lauderdale, FL 33301
      Tel: (954) 765-3166
      E-mail: chad@cvhlawgroup.com

Glazer Foods LLC filed a chapter 11 petition (Bankr. S.D. Fla. Case
No. 17-18532) on July 7, 2017, listing under $1 million in both
assets and liabilities. Chad T Van Horn, Esq., at VAN HORN LAW
GROUP, P.A., serves as counsel.


GOLDEN ENTERTAINMENT: S&P Assigns 'B' CCR & Rates New Debt 'B+'
---------------------------------------------------------------
S&P Global Ratings assigned its 'B' corporate credit rating to Las
Vegas-based gaming operator Golden Entertainment Inc. The outlook
is stable.

S&P said, "At the same time, we assigned our 'B+' issue-level
rating to the company's planned $100 million revolver due in 2022
and $800 million first-lien term loan due in 2024. The recovery
rating is '2', reflecting our expectation for substantial recovery
(70%-90%; rounded estimate: 75%) for lenders in the event of a
payment default.

"We also assigned our 'CCC+' issue-level rating to the company's
planned $200 million second-lien term loan due in 2025. The
recovery rating is '6', reflecting our expectation for negligible
recovery (0%-10%; rounded estimate: 0%) for lenders in the event of
a payment default."

The company plans to use proceeds from the proposed term loans,
along with a modest amount of equity issued to the seller, to fund
the $850 million purchase of American Casino & Entertainment
Properties LLC (ACEP), including the refinancing of ACEP's debt, to
refinance debt at Golden Entertainment, and to pay transaction fees
and expenses.

S&P said, "The rating reflects our forecast for operating
lease-adjusted leverage to be in the low- to mid-5x area in 2018.
We view this level of adjusted EBITDA as high for Golden since we
believe the business, pro forma for the acquisition of ACEP, is
vulnerable to EBITDA volatility given its limited geographic
diversity, with operations concentrated in a single state, Nevada.
Although the company will operate in three separate Nevada markets
and has a casino in Maryland, a significant portion of its EBITDA
will be derived from the Stratosphere on the Las Vegas Strip and
the Las Vegas local markets, which experienced significant
volatility during the last economic downturn and in which Golden
does not have leading market positions. We view the Las Vegas
market favorably because visitation is high, and limited supply
growth and high occupancy should drive continued higher room rates
over the next two years. But the Stratosphere is in a disadvantaged
location, farther north on the Las Vegas Strip. Further, although
Golden benefits from Nevada's relatively low gaming tax rate, we
view this EBITDA margin benefit as somewhat offset by the need for
relatively high spending on marketing and promotions, given the
highly competitive nature of the company's operating markets.

"The stable outlook reflects our expectation that good EBITDA
growth in 2018, driven by modest revenue growth and the realization
of cost synergies, will support debt reduction and improved credit
measures but for adjusted leverage to remain high, in the low- to
mid-5x area next year.

"We would consider raising the rating once we believe adjusted
leverage would be sustained under 5x. Given our view of the
potential for EBITDA volatility, we would want to see Golden build
in a cushion relative to this threshold to ensure the company can
absorb an economic downturn and remain under 5x.

"Lower ratings are unlikely given our forecast for adjusted
interest coverage to remain good; for leverage to improve,
supported by continued EBITDA growth; and for the company to
maintain adequate liquidity. Nevertheless, we would consider lower
ratings if the company meaningfully underperforms our forecast,
most likely because of an economic recession resulting in operating
lease-adjusted leverage increasing to 7x or EBITDA interest
coverage declining to the mid-1x area, or if the company's
liquidity position were to be impaired."


GRAND DAKOTA: Has Court's Interim Nod to Use Cash Collateral
------------------------------------------------------------
The Hon. J. Craig Whitley of the U.S. Bankruptcy court for the
Western District of North Carolina has entered an interim order
authorizing Grand Dakota Partners, LLC, and Grand Dakota
Hospitality, LLC, to use cash collateral to pay ordinary trade debt
incurred as an operating expense of the hotel in the ordinary
course of business, as conducted immediately before the
commencement of the Chapter 11 cases.

The use of cash collateral appears to be necessary to avoid
immediate and irreparable harm to GDP and GDH, and their estates,
pending a hearing at 9:30 a.m. on July 26, 2017.

The Debtors may not use cash collateral for any purpose other than
to pay any Ordinary Trade Expenses that may be paid by checks that
were intransit as of the petition date, July 20, 2017.

Nothing in the interim court order will prejudice the rights of
American Bank Center or any creditor from seeking relief; nor will
it prejudice the rights of the Debtors to contest the perfection
and priority of any lien or interest that may be asserted by ABC or
any other person.  The court order does not address the validity,
priority or enforceability of any lien or security interest that
ABC may have in or against any asset of either of the Debtors or
the cash collateral assets.

A copy of the Order is available at:

           http://bankrupt.com/misc/ncwb17-31184-15.pdf

                        About Grand Dakota

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

Affiliated debtors Grand Dakota Partners, LLC (Bankr. W.D. N.D.
Case No. 17-31184) and Grand Dakota Hospitality, LLC (Bankr. W.D.
N.D. Case No. 17-31185) each filed for Chapter 11 bankruptcy
protection on July 20, 2017.  The petitions were signed by Stephen
D. Barker, president, Cibix Management, Inc., the managing member
of the Debtors.

Grand Dakota Partners estimated its assets and liabilities at
between $10 million and $50 million each.  Grand Dakota Hospitality
estimated its assets at up to $50,000 and liabilities at between
$10 million and $50 million.

Judge Laura T. Beyer presides over the case.

Bradley E. Pearce, Esq., at Pearce Law PLLC serves as the Debtors'
bankruptcy counsel.


GREAT FALLS DIOCESE: Selling Langstan Villa Apartments for $1.9M
----------------------------------------------------------------
The Roman Catholic Bishop of Great Falls, Montana, a Religious
Corporate Sole (Diocese of Great Falls) asks the U.S. Bankruptcy
Court for the District of Montana to authorize the private sale of
Villa Apartments located at 1801 10th Avenue South, Great Falls,
Cascade County, Montana, to Langstan Management, LLC, for
$1,860,000.

Objections, if any, must be filed within 14 days of the date of the
Motion.

The Villa Apartments are an asset of the Diocese, and not of a
parish.  They are a 58-unit apartment property.  There are two
large parcels with 11 two-story apartment buildings, which were
built in 1953.  The apartments are now vacant.  The total land area
is 99,277 square feet, and the total gross building area is 49,920
square feet.

The Diocese has been challenged by the sheer management and costs
associated with the ongoing holding and maintenance of the Villa
Apartments.  It has never had the sufficient staffing needed to
fully and properly maintain the Villa Apartments property.  In
addition to maintenance, there are substantial costs outlaid for a
security company to patrol the area to reduce the chances of
break-ins, and power needed to be restored to the facility though
the winter months.

The initial asking price of the property, which was $1,800,000, was
determined from an appraisal done by McKay Rowen Associates on Jan.
16, 2017.  The property was advertised, with an open offer period
of 60 days beginning on May 22, 2017.  Matt Robertson did a
nationwide "blast" to make sure that the property was visible to as
much of an audience as possible.  The first offer received was in
the amount of $1,850,000.  That purchaser did not know the
procedure for soliciting offers was an open bidding procedure, and
conditioned its bid on bidding closing on or before June 30, 2017,
or it would withdraw its offer.  Five qualified offers were
received in the amounts of $1,777,779, $1,850,000, $1,425,000,
$1,007,000 and $1,860,000, with the offer presented of $1,860,000
being the accepted offer.  In mid June of 2017 Matt Robertson
contacted all of the prospective purchasers and asked if they would
like to increase their offer; more particularly the offers for
$1,777,779, and $1,850,000, and both declined to make higher
offers.  It was then determined that the offer of $1,860,000 was to
be accepted, subject to Court approval.  The Official Committee of
Unsecured Creditors has reviewed this Motion, and does not oppose
the relief requested.

The Debtor and the Purchaser entered into an Agreement to Sell and
Purchase.  The Debtor intends to close no later than 15 days after
Court approval. Closing will take place at Chicago Title, 101 River
Dr. N, Great Falls, Montana.  The net proceeds from the sale of the
Villa Apartments will be deposited into the DIP operating account,
as the asset is owned by the Diocese, and will not be used without
further order of the Court.

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

     http://bankrupt.com/misc/ROMAN_CATHOLIC_160_Sales.pdf

No liens exist with the exception of unpaid real property taxes up
to date of closing, which will be paid at closing, and normal
encumbrances of record.  Title insurance and other closing costs
are estimated at $10,000 and will be paid at closing and out of
proceeds of sale.

NAI Business Properties and Matt Robertson have been employed as
realtor.  Per listing agreement, NAI Business Properties is
entitled to a commission of 6% of the sales price, or $111,600.
NAI Business Properties will make further application for
compensation to be paid out of proceeds of sale.

Based on the marketing efforts of NAI Business Property as set
forth in the marketing report, it is believed that the proposed
purchase price of $1,860,000 is the highest and best offer that can
be received.  Accordingly, the sale of the property for this amount
is in the best interest of the estate.  Furthermore, since the
carrying cost of this property are so high and demands much labor,
which the Diocese has not budgeted for this property, it is
believed that the sale and transfer of this asset at the earliest
available time is also in the best interest of the creditors of the
estate.  Accordingly, the Diocese asks the Court to approve the
relief sought.

                   About Roman Catholic Bishop of
                      Great Falls, Montana

The Roman Catholic Bishop of Falls, Montana, a Montana Religious
Corporate Sole, also known as the Diocese of Great Falls-Billings
-- http://www.dioceseofgfb.org/-- filed a Chapter 11 bankruptcy  
petition (Bankr. D. Mont. Case No. 17-60271) on March 31, 2017.
The
petition was signed by Bishop Michael W. Warfel.

In its petition, the Debtor disclosed $20.75 million in total
assets and $14.78 million in total liabilities.

The Hon. Benjamin P. Hursh presides over the case.

Bruce Alan Anderson, Esq., at Elsaesser Jarzabek Anderson Elliott
&
MacDonald, CHTD.; and Gregory J. Hatley, Esq., at Davis Hatley
Haffeman & Tighe PC, serves as counsel to the Debtor.

NAI Business Properties and Matt Robertson have been employed as
realtor.

Pachulski Stang Ziehl & Jones LLP is the counsel to the official
committee of unsecured creditors formed in the Debtor's case.


GULFMARK OFFSHORE: Texas Comptroller Objects to Amended Plan
------------------------------------------------------------
BankruptcyData.com reported that the Texas Comptroller of Public
Accounts filed with the U.S. Bankruptcy Court an objection to
Gulfmark Offshore's Amended Chapter 11 Plan of Reorganization.  The
objection asserts, "The Texas Comptroller objects to confirmation
of the Plan to the extent it attempts to limit the Texas
Comptroller's setoff rights that are preserved under 11 U.S.C.
section 553. Section 553 does not create setoff rights in favor of
a creditor but it does preserve those setoff rights that otherwise
exist under applicable non-bankruptcy law.  The Texas Comptroller
reserves its rights to assert additional setoff rights in the event
any are discovered in the future.  The Debtor has included broad
language throughout the Plan which allows them to retain their
pre-bankruptcy rights and causes of action.  This reservation of
rights could arguably extend to additional tax refund claims or
other claims against the State of Texas that have not yet been
asserted.  If the Debtors assert such claims post-confirmation, the
State of Texas is entitled to retain its statutory and common law
setoff rights against such claims."

                    About Gulfmark Offshore

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

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

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

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


GYMBOREE CORP: Amended Plan & Got Disclosure Statement Approved
---------------------------------------------------------------
BankruptcyData.com reported that Gymboree Corp. filed with the U.S.
Bankruptcy Court a First Amended Joint Chapter 11 Plan of
Reorganization and related Disclosure Statement. According to the
Disclosure Statement, "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, then
Holders of General Unsecured Claims will not be entitled to any
recovery on account of such Claims. Preserving Gymboree's tax
attributes, including approximately $18.3 million of state net
operating losses ('NOLs') 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."

The Court subsequently approved the Disclosure Statement and
scheduled a September 7, 2017 hearing to consider the First Amended
Joint Chapter 11 Plan of Reorganization, according to
BankruptcyData.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.


H & M CONCRETE: Wants to Use Cash Collateral of Austin Bank
-----------------------------------------------------------
H & M Concrete Services, LLC, seeks authorization from the U.S.
Bankruptcy Court for the Eastern District of Texas to use cash
collateral of Austin Bank to make the payroll and continue
operations.

Austin Bank asserts a lien in among other things the accounts
receivable of Debtor.  This collateral may constitute the cash
collateral of Austin Bank.

The Debtor says it is in immediately need to use the cash
collateral of Austin Bank to maintain operations of the business.
The continued operations of the Debtor will necessitate the use of
the cash collateral.

The Debtor tells the Court that an emergency exists in that the
entire chance of the Debtor's reorganizing depends on the Debtor's
ability to immediately obtain use the alleged collateral of Austin
Bank to continue operations of the Debtor while effectuating a plan
of reorganization.

The Debtor is willing to provide Austin Bank with replacement liens
pursuant to 11 U.S.C. Sec. 552.

The budget for the requested cash collateral use for the period
July 22 to Aug. 11, 2017, shows these expense:

     Payroll With Taxes      $24,000
     Insurance                $2,000
     Fuel                       $300
     Phone                      $600
     Repairs                    $500
     COG                     $30,000
     Income                  $60,000

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

           http://bankrupt.com/misc/txeb17-60532-3.pdf

H & M Concrete Services, LLC, which provides concrete services,
filed for Chapter 11 bankruptcy protection (Bankr. E.D. Tex. Case
No. 17-60532-11) on July 21, 2017.

The Debtor is represented by:

        Eric A. Liepins, Esq.
        ERIC A. LIEPINS, P.C.
        12770 Coit Road, Suite 1100
        Dallas, Texas 75251
        Tel: (972) 991-5591
        Fax: (972) 991-5788


H & S INC: Case Summary & Unsecured Creditor
--------------------------------------------
Debtor: H & S, Inc.
        2400 N. Florida Mango Road
        West Palm Beach, FL 33409

Business Description: H & S, Inc. is a Florida profit corporation.

Case No.: 17-19458

Chapter 11 Petition Date: July 27, 2017

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

Judge: Hon. Erik P. Kimball

Debtor's Counsel: Steven S Newburgh, Esq.
                  MCLAUGHLIN & STERN, LLP
                  525 Okeechobee Boulevard
                  CityPlace Office Tower - Suite 1700
                  West Palm Beach, FL 33401
                  Tel: 561-659-4020
                  E-mail: snewburgh@mclaughlinstern.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Charles Sharoubim, president.

The Debtor listed Capital One as its unsecured creditor holding a
claim of $4,885.

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

          http://bankrupt.com/misc/flsb17-19458.pdf


HAHN HOTELS: Wants Exclusive Plan Filing Period Moved to Nov. 1
---------------------------------------------------------------
Hahn Hotels of Sulphur Springs, LLC and its debtor-affiliates ask
the U.S. Bankruptcy Court for the Eastern District of Texas to
extend the exclusive periods to file a plan of reorganization and
to obtain acceptances of such plan, through and including Nov. 1,
2017, and Jan. 10, 2018, respectively.

This is the Debtors' first request for an extension of the
Exclusive Periods.  Absent such requested extension, the Debtors
have until Aug. 29, 2017 to exclusively file a plan of
reorganization and until October 28, 2017 to obtain acceptances of
such plan.

The Debtors mention that these cases have been designated as
complex chapter 11 cases due to the total amount of debt and number
of parties in interest involved.  With these complexities, the
Debtors and their counsel have needed the time following the
Petition Date to address initial case and creditor issues, gather
information, prepare for negotiations with the Debtors' secured
lenders, and develop strategies for a successful reorganization.

While the Debtors have had initial discussions with their lenders,
the Debtors allege that substantive negotiations have been
suspended until the Debtors' key properties can be appraised.  The
Debtors tell the Court that once those appraisals have been
completed, they will be better able to consider possible paths
forward in negotiations and in formulating a plan of
reorganization.

Moreover, while the Debtors have made good faith progress towards a
successful reorganization, the Debtors claim that several steps
remain and will not be possible without the forthcoming appraisals.
The Debtors tell the Court that if the appraisals show that they
maintain equity in their key properties as estimated, the Debtors
expect that they will have several options available to them for
exiting chapter 11.

The Debtors believe that providing them with the time and
information necessary to negotiate with their key creditors and
formulate a plan of reorganization will be most effective without
the distraction and disruption that might be caused by the filing
of multiple competing plans.  Further, the Debtors submit that
having such time and information places them in a better position
to negotiate a plan that has the support of the Debtors' key
stakeholders.

A hearing will be conducted on the Debtors' Motion on August 22,
2017 at 2:45 p.m.

                        About Hahn Hotels

Headquartered in Sulphur Springs, Texas, Hahn Hotels of Sulphur
Springs, LLC, owns the La Quinta Inns and Suites, which provides
hotel accommodations for business and leisure travelers across the
United States, Canada, and Mexico.

Hahn Hotels of Sulphur Springs, LLC, along with its affiliates,
including Hahn Investments, LLC, sought Chapter 11 protection
(Bankr. E.D. Tex. Lead Case No. 17-40947) on May 1, 2017.  The
petitions were signed by Dante Hahn, president.

Hahn Hotels of Sulphur estimated its assets and liabilities of
between $1 million and $10 million.  Hahn Investments estimated its
assets and liabilities of between $10 million and $50 million.

Judge Brenda T. Rhoades presides over the cases.

Jessica Leigh Voyce Lewis, Esq., and Judith W. Ross, Esq., at The
Law Offices of Judith W. Ross and Eric Soderlund, Esq., who has an
office in Dallas Texas, serve as the Debtors' bankruptcy counsel.


HALAIS GROUP: Wants To Obtain $700,000 in Financing
---------------------------------------------------
Halais Group, Inc., asks the U.S. Bankruptcy Court for the District
of Puerto Rico for authorization to obtain financing.

The amount requested for the loan is $700,000, and the current
estimated potential expenses are near to $676,148.55 (sum of the
amounts to be paid of each claim, and the loan related expenses).
This loan will consolidate all the creditor's secured and priority
claims, that will make the reorganization plan more feasible.

Since filing for bankruptcy, the Debtor has made multiple efforts
to get the necessary funding in order to handle its financial
duties, and at the same time, continue with the business
operations.

Recently, Parliament Capital has reviewed the Debtor's application
for financing.  In order to approve the loan, Parliament requested
several conditions.  Some of them states as follows:

     (i) first priority mortgage lien position on property number
         60,075 of Caguas, Puerto Rico, together with all
         improvements, fixtures and equipment thereon;

    (ii) a first priority security interest in and over any and
         all assets and property, including, without limitation,
         equipment, fixtures, inventory, accounts, accounts
         receivables, equipment, contracts and general
         intangibles;

   (iii) a first priority lien and collateral assignment and
         security interest over all leases and Rents thereunder,
         and other revenues arising from or relating to the
         property and any leases thereto;

    (iv) a first priority lien over the applicants operational
         depository account; and

     (v) first priority pledge of and security interest over 100%
         of all the issued and outstanding direct and indirect
         ownership interests in the applicant.

The Loan will also be subject to the creation of a lockbox account
whereas all business accounts, rents and any other revenues arising
from or relating to the Property and any leases thereto will be
deposited therein, at the sole discretion of Lender, which shall be
pledged; and assigned to Lender.  For the avoidance of any doubt,
the term rents and other revenues will include, without limitation,
any rental, proceeds, sale, commissions, revenues, fees, incentives
or income produced by any billboards, telecommunication antenna,
and any other advertisements activities affixed to or being carried
out from the Property, as well as all proceeds and products of the
foregoing, less expenses.

The proposed budget for the funds will be as follows:

     Creditor            Description                     Amount
     --------            -----------                     ------
    IRS claim             Claim #2                      $71,202

    Swift Capital         Pay off current               $10,000
                          balance claim #3                     

    Municipal Revenue     Secured portion of            $54,828
    Collection Center     claim #4
    (CRIM)                

    State Insurance Fund  Priority portion of the        $5,347
    Corporation (Fondo    claim #6
    del Seguro del
    Estado)

    Bautista Cayman       Secured claim #7             $420,000
    Asset Company    

    Department of         Priority sales tax claim      $41,879
    Treasury

    Department of Labor   Priority portion of           $1,892
                          claim #11     
                                                     -------------
    TOTAL                                             $605,149

    Loan Related Expenses

     Description                                        Amount
     -----------                                        ------
    4% prepaid interest                                $28,000
    2% interest to be paid at the loan pay off         $14,000
    Application fee                                     $5,000
    2% Broker services charge (to be paid to
      Caribe Capital Advisors, LLC)                    $14,000
    Legal fees retainer                                $10,000
                                                     ---------
    Total                                              $71,000

The biggest benefit for the bankruptcy estate is that it will be
possible to buy -- at a discounted price -- all the mortgage
promissory notes under Bautista Cayman creditor control, for
$420,000 (claim #7, with a balance at the moment of filing of
$2,158,511.30).  If the loan is approved, the debtor will be in a
better position to fulfill all secured and priority claims.

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

          http://bankrupt.com/misc/prb16-01361-193.pdf

                       About Halais Group

Headquartered in Caguas, Puerto Rico, Halais Group, Inc., d/b/a
Monte Calvario, filed for Chapter 11 bankruptcy protection (Bankr.
D. P.R. Case No. 16-01361) on Feb. 24, 2016, estimating its assets
at between $500,000 and $1 million and its liabilities at between
$1 million and $10 million.  The petition was signed by Raymond
Halais, president, authorized representative of Halais.

Judge Mildred Caban Flores presides over the case.

Carlos A Ruiz Rodriguez, Esq., at Carlos Alberto Ruiz Law Office,
CSP, serves as the Debtor's bankruptcy counsel.


HEALTH DIAGNOSTIC: Suit vs. Business Partners Remains in Bankr. Ct.
-------------------------------------------------------------------
In the case captioned RICHARD ARROWSMITH, LIQUIDATING TRUSTEE OF
THE HDL LIQUIDATING TRUST, Plaintiff, v. LATONYA S. MALLORY, et
al., Defendants, Case No. 15-32919-KRH (E.D. Va.), Judge Henry E.
Hudson of the United States District Court for the Eastern District
of Virginia, Richmond Division, addresses the three Motions to
Withdraw the Reference of this adversarial proceeding from the U.S.
Bankruptcy Court for the Eastern District of Virginia to the
District Court. Judge Hudson declines to exercise its discretion to
withdraw the reference and denies the Motions.

On Sept. 16, 2016, Plaintiff Arrowsmith initiated this adversarial
proceeding by filing a seventy-six-count Complaint. The Complaint
asserts that Health Diagnostic Laboratory, Inc. and its business
partners conspired to pursue a fraudulent and illegal business
model.

The Complaint names as defendants all of the participants in the
alleged conspiracy: HDL's former directors, officers, and
shareholders; its primary sales agent, a company called BlueWave
Healthcare Consultants, Inc.; BlueWave's officers and directors;
and, the current movants, individual independent sales
representatives contracted by BlueWave.

The Movants now seek to withdraw the reference and have this
adversarial action -- at least as it applies to them -- litigated
in the District Court rather than the Bankruptcy Court.

Judge Hudson finds that the six factors for discretionary
withdrawal overwhelmingly weigh in favor of denying the Motions.
The Court, therefore, declines to withdraw the reference to provide
uniform administration of the bankruptcy proceedings and to
preserve the parties' and judicial resources.

Movants argue that the eight claims asserted against them are
factually distinct from the Complaint's remaining sixty-eight
claims. They therefore contend that withdrawal of the reference
will accelerate the resolution of those eight claims. However, the
Court disagrees with Movants' oversimplified characterization of
the Complaint. While it is true that Movants are implicated in only
a fraction of the enumerated counts, the Complaint alleges that
Movants were a key component of HDL's business plan. Indeed,
Movants purportedly implemented the scheme to enlist healthcare
providers to use HDL's services and defraud insurers.

Movants nonetheless argue that requiring them to remain in the
Bankruptcy Court will be inefficient. They highlight the fact that
this Court will be required to conduct a de novo review of the
Bankruptcy Court's findings of fact and conclusions of law. They
also speculate that their claims would be resolved more quickly in
this Court after having been separated from the complexities of the
remainder of the Complaint. But both of these arguments are
unavailing.

The mere fact that the resolution of non-core claims requires a de
novo review by the District Court cannot justify withdrawal. Also,
for the sake of judicial economy, efficient use of the parties'
resources, and the uniform administration of the bankruptcy
proceeding, the Court declines to exercise its discretion to
withdraw the reference.

For the said reasons, Movants' Motions to Withdraw the Reference is
denied. The Court will direct the Bankruptcy Court to issue a
Report and Recommendation at the conclusion of the pretrial phase
of this adversarial proceeding. The Bankruptcy Court shall
recommend whether any motions for summary judgment of non-core
matters should be granted by the District Court and whether the
reference should be withdrawn for trial by jury.

An appropriate Order will accompany this Memorandum Opinion.

The case is RICHARD ARROWSMITH, LIQUIDATING TRUSTEE OF THE HDL
LIQUIDATING TRUST, Plaintiff, v. LATONYA S. MALLORY, et al.,
Defendants Adv. Proc. No. 16-3271-KRH (E.D. Va.).

A full-text copy of Judge Hudson's Memorandum Opinion is available
at https://is.gd/E4ES2Q from Leagle.com.

Richard Arrowsmith, Liquidating Trustee, Respondent, represented by
Cullen Drescher Speckhart -- cspeckhart@wolriv.com  -- Wolcott
Rivers Gates P. C..

Leah Bouton, Movant, represented by S. Miles Dumville  --
mdumville@reedsmith.com -- Reed Smith LLP.

Thomas Carnaggio, Movant, represented by S. Miles Dumville, Reed
Smith LLP.

Kevin Carrier, Movant, represented by S. Miles Dumville, Reed Smith
LLP.

Jerry Carroll, Movant, represented by S. Miles Dumville, Reed Smith
LLP.

John Coffman, Movant, represented by S. Miles Dumville, Reed Smith
LLP.

Kristin Dukes, Movant, represented by S. Miles Dumville, Reed Smith
LLP.

Jason Dupin, Movant, represented by S. Miles Dumville, Reed Smith
LLP.

Seneca Garrett, Movant, represented by S. Miles Dumville, Reed
Smith LLP.

Erika Guest, Movant, represented by S. Miles Dumville, Reed Smith
LLP.

Julie Harding, Movant, represented by S. Miles Dumville, Reed Smith
LLP.

Robert "Burt" Lively, Movant, represented by S. Miles Dumville,
Reed Smith LLP.

Heather Lockhardt, Movant, represented by S. Miles Dumville, Reed
Smith LLP.

Courtney Love, Movant, represented by S. Miles Dumville, Reed Smith
LLP.

Charles Maimone, Movant, represented by S. Miles Dumville, Reed
Smith LLP.

Kyle Martel, Movant, represented by S. Miles Dumville, Reed Smith
LLP.

David Pember, Movant, represented by S. Miles Dumville, Reed Smith
LLP.

Michael Samadani, Movant, represented by S. Miles Dumville, Reed
Smith LLP.

Jennifer Speer, Movant, represented by S. Miles Dumville, Reed
Smith LLP.

Richard Yunger, Movant, represented by S. Miles Dumville, Reed
Smith LLP.

About Health Diagnostic

Health Diagnostic Laboratory, Inc., Central Medical Laboratory,
LLC, and Integrated Health Leaders, LLC, are health care
businesses based in Richmond, Virginia.  HDL is a blood testing
company.

Health Diagnostic Laboratory, Inc. (Bankr. E.D. Va. Case No.
15-32919) and affiliates Central Medical Laboratory, LLC (Bankr.
E.D. Va. Case No. 15-32920) and Integrated Health Leaders, LLC
(Bankr. E.D. Va. Case No. 15-32921) filed separate Chapter 11
bankruptcy petitions on June 7, 2015.  The petitions were signed
by Martin McGahan, chief restructuring officer.  

HDL disclosed $96,130,468 in assets and $108,328,110 in
liabilities as of the Chapter 11 filing.

Justin F. Paget, Esq., Tyler P. Brown, Esq., Jason W. Harbour,
Esq., and Henry P. (Toby) Long, III, Esq. at Hunton & Williams LLP
serve as the Debtors' bankruptcy counsel.  

Alvarez & Marsal is the Debtors' financial advisor.  Robert S.
Westermann, Esq., at Hirshler Fleisher, P.C., serve as the
Debtors' conflicts counsel.  American Legal Claims Services, LLC,
is the Debtors' claims, noticing and balloting agent.  Ettin
Group, LLC, will market and sell the miscellaneous equipment and
other assets.

MTS Health Partners, L.P., serves as investment banker.

To assist them with their restructuring efforts and to help
maximize the value of their estates, the Debtors filed with the
Court an application seeking entry of an order authorizing the
Debtors to retain Alvarez & Marsal Healthcare Industry Group, LLC
("A&M") to provide the Debtors with a Chief Restructuring Officer
and certain additional personnel.  Richard Arrowsmith is presently
the CRO.

On June 16, 2015, the Office of the United States Trustee for the
Eastern District of Virginia appointed the Committee, consisting
of the following seven members: (i) Oncimmune (USA) LLC; (ii)
Aetna, Inc.; (iii) Pietragallo Gordon Alfano Bosick & Raspanti,
LLP; (iv) Mercodia, Inc.; (v) Numares GROUP Corporation; (vi)
Kansas Bioscience Authority; and (vii) Diadexus, Inc.  On Sept.
23,
2015, Oncimmune (USA) LLC resigned from the Committee and, on Nov.
3, 2015, the U.S. Trustee appointed Cleveland Heart Lab, Inc. to
the Committee.

The Creditors Committee retained Cooley LLP as its counsel and
Protiviti Inc. as its financial advisor.

                          *     *     *

On Nov. 5, 2015, the Court entered an order setting Dec. 22, 2015,
as the Bar Date for the filing of all proofs of claim.

The Debtors have sold substantially all of their operating assets
pursuant to two separate sales approved by the Court.

On Jan. 4, 2016, the Debtors filed a proposed Plan of Liquidation
and Disclosure Statement.

The Troubled Company Reporter on May 20, 2016, reported that Judge
Kevin R. Huennekens of the U.S. Bankruptcy Court for the Eastern
District of Virginia, Richmond Division, overruled the objections
to Health Diagnostic Laboratory, Inc., et al.'s Modified Second
Amended Plan of Liquidation and approved the Liquidating Plan and
approved the Plan.


HEALTH DIAGNOSTIC: Withdrawal to Dist. Court Not Mandatory
----------------------------------------------------------
Judge Henry E. Hudson of the U.S. District Court for the Eastern
District of Virginia denied the Movants' Motion to Withdraw the
Reference of this adversarial proceeding from the U.S. Bankruptcy
Court for the Eastern District of Virginia to the District Court.

On Sept. 16, 2016, Plaintiff Arrowsmith initiated this adversarial
proceeding by filing a seventy-six count Complaint. The Complaint
asserts that HDL and its business partners conspired to pursue a
fraudulent and illegal business model.

The Complaint names as defendants all of the participants in the
alleged conspiracy. Those defendants include the current Movants:
Floyd Calhoun Dent, III, and Robert Bradford Johnson; their
company, BlueWave Healthcare Consultants, Inc., which served as
Health Diagnostic  Laboratory, Inc.'s primary sales agent; and
various entities controlled by Dent, Johnson, or their family
members, which were transferees of refers all bankruptcy matters to
the Bankruptcy Court.

Movants now seek to withdraw the reference and have this
adversarial action -- at least as it applies to them -- litigated
in the District Court rather than the Bankruptcy Court. Movants
argue that some of the claims against them require mandatory
withdrawal. They also contend that cause exists for the Court to
grant discretionary withdrawal as to all the claims they face.

Movants contend that withdrawal of the reference is mandatory as to
seven of the claims alleged against them. They argue that six of
those claims require withdrawal because they incorporate the
Federal Debt Collection Procedure Act, 28 U.S.C. sections 3301 et
seq. Additionally, they contend that Count 74 should be withdrawn
because it requires application of the federal Anti-Kickback
Statute, 42, U.S.C. section 1320a-7b. The Court finds, however,
that withdrawal is not mandatory as to these seven claims because
they do not require substantial or material consideration of
non-bankruptcy federal law.

Even when withdrawal of the reference is not mandatory, section
157(d) permits a court to nonetheless withdraw the reference for
cause shown. While "cause" is undefined in the statute, courts
within the Fourth Circuit have consistently applied six factors in
determining whether to grant discretionary withdrawal: "(i) whether
the proceeding is core or non-core, (ii) the uniform administration
of bankruptcy proceedings, (iii) expediting the bankruptcy process
and promoting judicial economy, (iv) the efficient use of debtors'
and creditors' resources, (v) the reduction of forum shopping, and
(vi) the preservation of the right to a jury trial."

Movants assert that cause exists to withdraw the reference as to
all 44 counts alleged against them. However, the Court finds that
the six factors for discretionary withdrawal overwhelmingly weigh
in favor of denying the Motion. The Court, therefore, declines to
withdraw the reference to provide uniform administration of the
bankruptcy proceedings and to preserve the parties' and judicial
resources.

Withdrawing the reference as to Movants at this stage of the
litigation would result in a waste of judicial resources and would
further complicate this already complex litigation. If the Court
were to withdraw the reference, almost all of the claims at issue
would be simultaneously litigated in both the District Court and
Bankruptcy Court.

Therefore, for the sake of judicial economy, efficient use of the
parties' resources, and the uniform administration of the
bankruptcy proceeding, the Court will decline to exercise its
discretion to withdraw the reference.

For the reasons stated above, Movants' Motion to Withdraw the
Reference is denied. Judge Hudson will direct the Bankruptcy Court
to issue a Report and Recommendation at the conclusion of the
pretrial phase of this adversarial proceeding. The Bankruptcy Court
shall recommend whether any motions for summary judgment of
non-core matters should be granted by the District Court and
whether the reference should be withdrawn for trial by jury.

An appropriate Order will accompany this Memorandum Opinion.

The case is Chapter 11. RICHARD ARROWSMITH, LIQUIDATING TRUSTEE OF
THE HDL LIQUIDATING TRUST, Plaintiff, v. LATONYA S. MALLORY, et
al., Defendants,  Adv. Proc. No. 16-3271-KRH (E.D. Va.).

A full-text copy of Judge Hudson's Memorandum Opinion is available
at https://is.gd/iSm4JL from Leagle.com.

Richard Arrowsmith, Liquidating Trustee, Respondent, represented by
Cullen Drescher Speckhart --  cspeckhart@wolriv.com -- Wolcott
Rivers Gates P. C..

BlueWave Healthcare Consultants, Inc., Movant, represented by Jesse
Noah Silverman – jsilverman@dilworthlaw.com -- Dilworth Paxson
LLP.

Floyd Calhoun Dent, III, Movant, represented by Jesse Noah
Silverman, Dilworth Paxson LLP.

Robert Bradford Johnson, Movant, represented by Jesse Noah
Silverman, Dilworth Paxson LLP.

Lakelin Pines, LLC, Movant, represented by Jesse Noah Silverman,
Dilworth Paxson LLP.

CAE Properties, LLC, Movant, represented by Jesse Noah Silverman,
Dilworth Paxson LLP.

Blue Eagle Farm, LLC, Movant, represented by Jesse Noah Silverman,
Dilworth Paxson LLP.

Blue Eagle Farming, LLC, Movant, represented by Jesse Noah
Silverman, Dilworth Paxson LLP.

Blue Smash Investments, LLC, Movant, represented by Jesse Noah
Silverman, Dilworth Paxson LLP.

Eagle Ray Investments, LLC, Movant, represented by Jesse Noah
Silverman, Dilworth Paxson LLP.

Forse Investments, LLC, Movant, represented by Jesse Noah
Silverman, Dilworth Paxson LLP.

Forse Medical, Inc., Movant, represented by Jesse Noah Silverman,
Dilworth Paxson LLP.

HJ Farming, LLC, Movant, represented by Jesse Noah Silverman,
Dilworth Paxson LLP.

War-Horse Properties, LLLP, Movant, represented by Jesse Noah
Silverman, Dilworth Paxson LLP.

Cobalt Healthcare Consultants, Inc., Movant, represented by Jesse
Noah Silverman, Dilworth Paxson LLP.

Hisway of South Carolina, Inc., Movant, represented by Jesse Noah
Silverman, Dilworth Paxson LLP.

Royal Blue Medical, Inc., Movant, represented by Jesse Noah
Silverman, Dilworth Paxson LLP.

Aroc Enterprises, LLC, Movant, represented by Jesse Noah Silverman,
Dilworth Paxson LLP.

Riverland Pines, LLC, Movant, represented by Jesse Noah Silverman,
Dilworth Paxson LLP.

Crosspoint Properties, LLC, Movant, represented by Jesse Noah
Silverman, Dilworth Paxson LLP.

Helm-Station Investments, LLLP, Movant, represented by Jesse Noah
Silverman, Dilworth Paxson LLP.

Trini "D" Island, LLC, Movant, represented by Jesse Noah Silverman,
Dilworth Paxson LLP.

                  About Health Diagnostic

Health Diagnostic Laboratory, Inc., Central Medical Laboratory,
LLC, and Integrated Health Leaders, LLC, are health care
businesses based in Richmond, Virginia.  HDL is a blood testing
company.

Health Diagnostic Laboratory, Inc. (Bankr. E.D. Va. Case No.
15-32919) and affiliates Central Medical Laboratory, LLC (Bankr.
E.D. Va. Case No. 15-32920) and Integrated Health Leaders, LLC
(Bankr. E.D. Va. Case No. 15-32921) filed separate Chapter 11
bankruptcy petitions on June 7, 2015.  The petitions were signed
by Martin McGahan, chief restructuring officer.  

HDL disclosed $96,130,468 in assets and $108,328,110 in
liabilities as of the Chapter 11 filing.

Justin F. Paget, Esq., Tyler P. Brown, Esq., Jason W. Harbour,
Esq., and Henry P. (Toby) Long, III, Esq. at Hunton & Williams LLP
serve as the Debtors' bankruptcy counsel.  

Alvarez & Marsal is the Debtors' financial advisor.  Robert S.
Westermann, Esq., at Hirshler Fleisher, P.C., serve as the
Debtors' conflicts counsel.  American Legal Claims Services, LLC,
is the Debtors' claims, noticing and balloting agent.  Ettin
Group, LLC, will market and sell the miscellaneous equipment and
other assets.

MTS Health Partners, L.P., serves as investment banker.

To assist them with their restructuring efforts and to help
maximize the value of their estates, the Debtors filed with the
Court an application seeking entry of an order authorizing the
Debtors to retain Alvarez & Marsal Healthcare Industry Group, LLC
("A&M") to provide the Debtors with a Chief Restructuring Officer
and certain additional personnel.  Richard Arrowsmith is presently
the CRO.

On June 16, 2015, the Office of the United States Trustee for the
Eastern District of Virginia appointed the Committee, consisting
of the following seven members: (i) Oncimmune (USA) LLC; (ii)
Aetna, Inc.; (iii) Pietragallo Gordon Alfano Bosick & Raspanti,
LLP; (iv) Mercodia, Inc.; (v) Numares GROUP Corporation; (vi)
Kansas Bioscience Authority; and (vii) Diadexus, Inc.  On Sept.
23,
2015, Oncimmune (USA) LLC resigned from the Committee and, on Nov.
3, 2015, the U.S. Trustee appointed Cleveland Heart Lab, Inc. to
the Committee.

The Creditors Committee retained Cooley LLP as its counsel and
Protiviti Inc. as its financial advisor.

                          *     *     *

On Nov. 5, 2015, the Court entered an order setting Dec. 22, 2015,
as the Bar Date for the filing of all proofs of claim.

The Debtors have sold substantially all of their operating assets
pursuant to two separate sales approved by the Court.

On Jan. 4, 2016, the Debtors filed a proposed Plan of Liquidation
and Disclosure Statement.

The Troubled Company Reporter on May 20, 2016, reported that Judge
Kevin R. Huennekens of the U.S. Bankruptcy Court for the Eastern
District of Virginia, Richmond Division, overruled the objections
to Health Diagnostic Laboratory, Inc., et al.'s Modified Second
Amended Plan of Liquidation and approved the Liquidating Plan and
approved the Plan.


HILLSIDE LOFTS: Aug. 31 Auction of Richmond Hill Property Set
-------------------------------------------------------------
Judge Elizabeth S. Stong of the U.S. Bankruptcy Court for the
Eastern District of New York authorized Hillside Lofts, LLC's
bidding procedures in connection with the sale of real property
located at 134-15 Hillside Avenue, Richmond Hill, New York, at
public auction.

In the event the Debtor seeks to make any material modification to
the Bidding Procedures, including without limitation, the
withdrawal of the Property from the Auction, the Debtor will give a
3-day notice to the Office of the U.S. Trustee, together with any
proposed modification, which will also be filed with the Court.

The Auction will take place on Aug. 31, 2017, at 12:00 Noon, before
the Court or such other room in the Courthouse as the Court may
designate.

The salient terms of the Bidding Procedures are:

   a. The Property will be sold (i) "as is" and "whereas" with no
representations, legal or equitable, of any kind and (ii) with all
liens, claims, and encumbrances, and other interests to attach to
the proceeds of the sale.

   b. At the Auction, any person or entity, intending to bid for
the Property ("Offeror") is required to submit a Deposit equal to
10% of the offer which is non-refundable should the Offeror become
the successful bidder and then fail to close for any reason, with
the Debtor reserving all other rights and remedies.

   c. The balance of the purchase price of the Property will be
paid by the successful Offeror ("Purchaser") by a certified or bank
check payable to "M. David Graubard, as attorney" at the closing.

   d. All offers made at the sale will remain open and irrevocable
until 30 days after entry of an order approving the sale.  In the
event the order approving the sale is subject to a stay of the
Court, the offer will remain open until such time as either the
stay is vacated or the order becomes a final order, whichever is
earlier.

   e. A hearing to approve the sale will be held at a date to be
determined by the Court after the sale is held.

   f. All bidders, who must pay no less than 10% of the final offer
at the Auction, must include evidence satisfactory to the Debtor of
such bidder's financial ability to close a purchase of the Property
unless the Debtor directs otherwise.  If a bid is made more than
two business days prior to the Auction, the Debtor will notify the
bidder within two business days of receipt whether the bid,
including the 10% deposit and evidence of the bidder's financial
ability to close, is a qualifying bid, or whether additional
evidence is required.

No later than five business days after entry of this Sales
Procedures Order, counsel for the Debtor will serve a copy of the
Notice of Sale, including the Sales Procedures Order and Bidding
Procedures upon all Notice Parties.  As soon as is practicable
after entry of the Sales Procedure Order, the Debtor will have the
Publication Notice placed in The New York Times.

Any objections to the Proposed Sale must be filed no later than
4:30 p.m. (EDT) on Aug. 17, 2017.

The Sale Hearing to consider approval of the Debtor's entry into
and consummation of a transaction with a successful bidder will be
held on Sept. 26, 2017 at 10:00 a.m. (EDT), or such other date as
may be determined by the Court.

The claims of Joseph Zelik as mortgagee, and of NYCTL 2015-A Trust
and NYCTL 2016-A Trust, secured Tax Lien creditors, which attach to
the proceeds of sale, will be paid in full at the closing,
including all valid post-petition charges.  

The Debtor is authorized and empowered to take such steps, expend
such sums of money and do such other things as may be necessary to
implement and effect the terms and requirements established by the
Sales Procedures Order.

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

      http://bankrupt.com/misc/Hillside_Lofts_40_Order.pdf

                       About Hillside Lofts

Hillside Lofts LLC, based in Brooklyn, NY, filed a Chapter 11
petition (Bankr. E.D.N.Y. Case No. 17-41936) on April 20, 2017.
The petition was signed by Jonathan Rubin, manager.  In its
petition, the Debtor disclosed $4.2 million in assets and $3.32
million in liabilities.  The Hon. Elizabeth S. Stong presides over
the case.  M. David Graubard, Esq., serves as bankruptcy counsel.


HOUSTON PLATE: Plan Exclusivity Period Extended Through Oct. 1
--------------------------------------------------------------
Judge Karen K. Brown of the U.S. Bankruptcy Court for the Southern
District of Texas extended Houston Plate Processing, Inc.'s
exclusive period to file a chapter 11 plan of reorganization and
disclosure statement through and including October 1, 2017.

The Troubled Company Reporter has previously reported that the
Debtor asked for an extension to file its reorganization plan
because it needed additional time and opportunity to show that it
had turned its business around. The Debtor told the Court that it
was able to hire a salesman that opened its door to new customers
as well as brought back old customers who had been inactive for
quite some time. The Debtor said that sales had been redirected and
marketed towards jobs that include more labor jobs including
welding and plate forming and less material, thus increasing its
profits and lowering costs at the same time. The Debtor claimed
that it had also been working on getting a couple major accounts
back in the door which will double if not triple its monthly
revenue.

                 About Houston Plate Processing

Houston Plate Processing, Inc., sought protection under Chapter 11
of the Bankruptcy Code (Bankr. S.D. Tex. Case No. 17-30603) on Feb.
2, 2017.  The petition was signed by Jeremiah E. Thompson,
president.  At the time of the filing, the Debtor disclosed $1.13
million in assets and $2.3 million in liabilities.  The case is
assigned to Judge Karen K. Brown.  Margaret M. McClure, Esq., at
the Law Office of Margaret M. McClure serves as the Debtor's
bankruptcy counsel.


INTELLIGENT HIGHWAY: Limited Revenues Casts Going Concern Doubt
---------------------------------------------------------------
Intelligent Highway Solutions, Inc. (IHS), filed its quarterly
report on Form 10-Q, disclosing a net income of $9.17 million on
$633,468 of revenue for the three months ended March 31, 2017,
compared with a net loss of $71,051 on $nil of revenue for the same
period in 2016.  

The Company's balance sheet at March 31, 2017, showed $2,748,281 in
total assets, $8,656,420 in total liabilities, $16,896 in
non-controlling interest in subsidiary, and a stockholders' deficit
of $5,891,243.

Based on the Company's financial history since inception, its
independent registered public accounting firm has expressed
substantial doubt as to the its ability to continue as a going
concern.  The Company has generated very little revenue and has
limited tangible assets.  The company has a limited operating
history.  The company's operations will be subject to all the risks
inherent in the establishment of a developing enterprise and the
uncertainties arising from the absence of a significant operating
history.  The Company may be unable to on a profitable basis. If
the Company's business plan is not successful, and will not able to
operate profitably, investors may lose some or all of their
investment in the company.

Management plans to continue to fund operations via short term
related party loans and additional convertible as well as
non-convertible debt from non-related parties.

A copy of the Form 10-Q is available at:

                        http://bit.ly/2hbXOHp

Elk Grove, Calif.-based Intelligent Highway Solutions, Inc. (IHS),
is a technology based intelligent highway solutions contractor.
The Company's primary focus is in the California transportation
market providing services that range from providing labor,
materials and related equipment for corrective service and
maintenance services for the state's transportation infrastructure.
Additionally, the Company intends to develop transportation
technology services that enable vehicles, roads, traffic lights,
message signs and other elements to become intelligent by embedding
them with microchips and sensors and by empowering them to
communicate with each other via wireless technologies.  While the
Company develops technologies related to transportation, it will
accept general electrical contracting work as a revenue source.


J JILL: Bank Debt Trades at 2% Off
----------------------------------
Participations in a syndicated loan under J Jill Group is a
borrower traded in the secondary market at 97.68
cents-on-the-dollar during the week ended Friday, July 21, 2017,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents an increase of 0.27 percentage points from the
previous week.  J Jill pays 500 basis points above LIBOR to borrow
under the $0.25 billion facility. The bank loan matures on May 9,
2022 and carries Moody's B2 rating and Standard & Poor's B rating.
The loan is one of the biggest gainers and losers among 247 widely
quoted syndicated loans with five or more bids in secondary trading
for the week ended July 21.


J. CREW: Bank Debt Trades at 47% Off
------------------------------------
Participations in a syndicated loan under J. Crew is a borrower
traded in the secondary market at 53.29 cents-on-the-dollar during
the week ended Friday, July 21, 2017, according to data compiled by
LSTA/Thomson Reuters MTM Pricing.  This represents a decrease of
6.07 percentage points from the previous week.  J. Crew pays 300
basis points above LIBOR to borrow under the $1.56 billion
facility. The bank loan matures on Feb. 27, 2021 and carries
Moody's Caa2 rating and Standard & Poor's CCC rating.  The loan is
one of the biggest gainers and losers among 247 widely quoted
syndicated loans with five or more bids in secondary trading for
the week ended July 21.


JEFFREY BURGESS: CitiMortgage's Motion to Dismiss Complaint Granted
-------------------------------------------------------------------
CitiMortgage, Inc., seeks the dismissal of Debtor Jeffrey R.
Burgess' complaint pursuant to Rules 12(b)(1) and 12(b)(6) of the
Federal Rules of Civil Procedure.  Judge Joseph N. Callaway of the
U.S. Bankruptcy Court for the Eastern District of North Carolina
allowed the motion to dismiss.

The Complaint sets forth five causes of action that Mr. Burgess
contends are supported by the factual allegations, identified as:
(1) Objection to CitiMortgage's claim, on the theory that
CitiMortgage cannot show a chain of title to either the Note or
Deed of Trust to support its claim as the owner of the Note or the
amount owed; (2) Lien Avoidance, on the theory that CitiMortgage
cannot establish that it is the actual holder of the Note, and as a
result the Deed of Trust is not supported by a valid debt held by
CitiMortgage; (3) Lien Avoidance, on the theory that CitiMortgage
is not a valid assignee of the Deed of Trust because MERS held no
interest in the Deed of Trust at the time of its assignment to
CitiMortgage; (4) Lien Avoidance pursuant to 11 U.S.C. section
544(a)(1), contending that the debtor-in-possession, as a
hypothetical lien creditor, has a superior lien to any interest
CitiMortgage may have; and (5) preservation of the avoided lien for
the benefit of the bankruptcy estate pursuant to 11 U.S.C. section
550.

CitiMortgage filed the Motion to Dismiss on the grounds that the
Rooker-Feldman doctrine divests the court of jurisdiction to
consider his claims, arguing that Mr. Burgess is, in essence,
seeking review by this court of findings made by the clerk of court
in the state foreclosure action.

Mr. Burgess proffers an argument to escape the application of
Rooker-Feldman, maintaining that because the debtor-in-possession
is a distinct entity from Mr. Burgess personally, he as DIP cannot
be bound by the state court foreclosure order in his efforts to
avoid the lien pursuant to the strong-arm powers of sections 544
and 550 of the Bankruptcy Code.

Judge Callaway finds that even without the legal distinction
between the debtor and the DIP, an independent bankruptcy trustee
would also be precluded from collaterally attacking the foreclosure
order. Further, under the reasoning of Hartman Paving, the court
concludes that the DIP is bound by the final foreclosure order such
that to the extent Rooker-Feldman applies, the distinction between
the debtor and the DIP does not change the result.

Under Rule 12(b)(6), a claim must be dismissed if it is clear from
the complaint that the plaintiff is not entitled to relief as a
matter of law. Whether or not Rooker-Feldman applies to Mr.
Burgess' claims, Mr. Burgess has failed to state a claim upon which
relief may be granted as a result of the application of the
doctrines of res judicata and collateral estoppel. Under the
doctrine of collateral estoppel, "a final judgment on the merits
prevents relitigation of issues actually litigated and necessary to
the outcome of the prior action in a later suit involving a
different cause of action between the parties or their privies."

Accordingly, each of the five claims set out in the Complaint is
barred by the doctrines of collateral estoppel and res judicata,
and accordingly, must be dismissed.

Based on these, the motion to dismiss the Complaint in this
Adversary Proceeding is allowed pursuant to Rule 12(b)(1) of the
Federal Rules of Civil Procedure, made applicable to this adversary
proceeding pursuant to Rule 7012 of the Federal Rules of Bankruptcy
Procedure, by application of the Rooker-Feldman doctrine. In the
alternative, the motion to dismiss the Complaint is also allowed
pursuant to Rule 12(b)(6) of the Federal Rules of Civil Procedure,
made applicable to this adversary proceeding pursuant to Rule 7012
of the Federal Rules of Bankruptcy Procedure, because the claims
are precluded by res judicata and collateral estoppel, and with
respect to the Fourth and Fifth Causes of Action, for failure to
state claims sufficient to satisfy the pleading requirements set
forth in Iqbal and Twombly.

The adversary proceeding is JEFFREY P. BURGESS, Plaintiff, v.
CITIMORTGAGE, INC., Defendant, Adv. No. 17-00020-5-JNC (E.D.N.C.).

A full-text copy of Judge Callaway's Memorandum Opinion is
available at https://is.gd/Lw2HNG from Leagle.com.

Jeffrey P. Burgess, Plaintiff, represented by J. M. Cook --
J.M.Cook@jmcookesq.com -- J.M. Cook, P.A..

CitiMortgage, Inc., Defendant, represented by William Paul Harris
-- wharris@wehwlaw.com -- Shapiro & Ingle, LLP.

Jeffrey P. Burgess filed for Chapter 11 bankruptcy protection
(Bankr. E.D.N.C. Case No. 16-05070) on Sept. 28, 2016, and is
represented by J.M. Cook of J.M. Cook, P.A.


JONESBORO HOSPITALITY: Wants to Continue Cash Collateral Use
------------------------------------------------------------
Jonesboro Hospitality, LLC, asks for permission from the U.S.
Bankruptcy Court for the Eastern District of Texas to continue
using cash collateral of Ciena Capital, LLC, the Debtor's secured
creditor claiming liens on Debtor's personal property including
rents.

As reported by the Troubled Company Reporter on May 10, 2017, the
Court granted the Debtor authorization to use cash collateral of
secured creditors Ciena Capital and the Internal Revenue Service on
a final basis.  The Debtor was authorized to collect and receive
all cash funds.  The Debtor would account each month to the secured
creditors for all cash collateral.

On July 3, 2017, Ciena Capital Funding, LLC, filed a notice of
termination of cash collateral use.  Since the filing of the notice
of termination, counsel for Ciena Capital Funding has received two
of the missing checks.  Pursuant to the terms of the previous final
court order, the Debtor forwarded to counsel for Ciena Capital
Funding three checks in the amount of $5,000 each for the adequate
protection payments.  For reasons beyond the Debtor's control, the
checks were not timely delivered.  The Debtor has placed a stop
payment on the third missing check and issued a cashier's check in
the amount of $5,000 to be applied to the July adequate protection
payment.

The Debtor says it can adequately protect the interests of the
Secured Lender as set forth in the proposed interim order for use
of cash collateral by providing the Secured Lender with
post-petition liens, a priority claim in the Chapter 11 bankruptcy
case, and cash flow payments.

The cash collateral will be used to continue the Debtor's ongoing
operations.  The Debtor owns and operates a hotel located at 3006
S. Caraway Road, Jonesboro, Arkansas.  The Debtor intends to
rearrange its affairs and needs to continue to operate in order to
pay its ongoing expenses, generate additional income and to propose
a plan in this case.

The Debtor tells the Court that this is an emergency matter since
the Debtor has no outside sources of funding available to it and
must rely on the use of cash collateral to continue its operations.


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

          http://bankrupt.com/misc/txeb17-40311-69.pdf

                  About Jonesboro Hospitality

Jonesboro Hospitality, LLC, doing business as FairBridge Inn &
Suites, owns
and operates a hotel located at 3006 S. Caraway Road, Jonesboro,
Arkansas.

Jonesboro Hospitality previously filed a prior Chapter 11 case
(Bankr. N.D. Tex. Case No. 13-34324) in Dallas in 2013.  It
confirmed a plan of reorganization in its prior case on May 30,
2014.

Jonesboro Hospitality sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Tex. Case No. 17-40311) on Feb. 15,
2017.  The petition was signed by Payal Nanda, principal.  At the
time of the filing, the Debtor estimated its assets and liabilities
at $1 million to $10 million.

The case is assigned to Judge Brenda T. Rhoades.

The Debtor is represented by Joyce W. Lindauer, Esq., Sarah M. Cox,
Esq., Jamie N. Kirk, Esq., and Jeffery M. Veteto, Esq., at Joyce W.
Lindauer Attorney, PLLC.

No request has been made for the appointment of a trustee or
examiner and no official committee has yet been appointed.


K&H RESTAURANT: Exclusive Plan Filing Period Moved to Sept. 19
--------------------------------------------------------------
Judge Mary Kay Vyskocil of the U.S. Bankruptcy Court for the
Southern District of New York extended the exclusive periods in
which K&H Restaurant, Inc. may file a Chapter 11 plan of
reorganization and  solicit acceptances thereof, through and
including Sept. 19, 2017 and November 24, 2017, respectively.

The Troubled Company Reporter previously reported that the Debtor
sought for an additional 90 days in which to file and solicit
acceptances of a plan claiming that continuing to operate under its
lease of non-residential real property at 511 Lexington Avenue, New
York, New York 10017 will be crucial to its ability to reorganize.
The Debtor asserted that the Lease, which may be assumed in a
reorganization and/or assigned as part of a sale, has been its
primary asset and has substantial value.

The Debtor related that its landlord, Diamondrock NY Lex Owner, LLC
has commenced a commercial holdover proceeding in the Civil Court
of the City of New York, New York County seeking to recover
possession of the property covered by the Lease. In the Civil Court
Action, the Diamondrock claimed that the Lease has been terminated
and sought to evict the Debtor.

The Debtor said that it had filed an adversary proceeding entitled
K&H Restaurant, Inc. v. Diamondrock NY Lex Owner, LLC, Highgate
Hotels, LP and Marriott International, Inc.; Adv. Proc. No.
170-01023 on February 13, 2017 alleging, among other things, that
Diamondrock breached its obligations under the Lease by failing to
deliver certain value Diamondrock agreed to provide.

The Debtor relates that the Court has approved its Motion to Extend
the Time to Assume or Reject its Lease of Non-Residential Real
Property through June 11, 2017, and upon consent, this deadline has
been extended through and including June 28, 2017.

Subsequently, the Debtor filed its Motion for Entry of an Order
Authorizing Assumption of its Unexpired Lease of NonResidential
Real Property, and following an initial hearing on the motion to
assume, the Court took the matter under advisement and the parties
engaged in settlement negotiations. The Debtor said that these
negotiations have proved unsuccessful, thus far and the Court has
scheduled a status conference and further hearing on the motion for
June 28, 2017.

Moreover, the Debtor said that on May 12, 2017, the Court entered
and order setting June 19, 2017 as the date by which all parties
were required to file proof of claim.

The Debtor asserted that an extension of the Exclusive Periods is
essential because, most importantly, there has been no
determination as to whether the Lease may be assumed or assigned at
this point. The Debtor told the Court that the soonest it can
possibly know whether it may assume the Lease is on June 28, 2017.

The Debtor contended that there was also a distinct possibility
that there will need to be continued litigation in the Civil Court
Action to determine whether the Lease terminated prepetition. The
Debtor asserted that the Lease is not only its most significant
asset but it is the lynchpin to any potential reorganization plan
that it may propose.

The Debtor claimed that the negotiations with Diamondrock
concerning a resolution to the Assumption Motion, the Civil Court
Action and the Adversary Proceeding continued, but have now pushed
any determination of the Assumption Motion past the current
Exclusive Filing Period.

The Debtor asserted that the Lease is the basis of its business,
and if the Bankruptcy Court cannot make a final determination on
the prepetition termination of the Lease, the Debtor should be
granted sufficient time to seek such a final determination from the
State Court before being required to expend the resources necessary
to prepare and file a plan. Moreover, the Debtor said that there is
no way for creditors to determine whether to vote to accept or
reject any plan the Debtor may propose without a final
determination of the viability of the Lease.


                     About K&H Restaurant Inc.

K&H Restaurant, Inc. is a New York corporation that owns and
operates a restaurant under the name of "Raffles Bistro" located in
the ground floor of the Lexington Hotel.

K&H Restaurant filed a Chapter 11 bankruptcy petition (Bankr.
S.D.N.Y. Case No. 16-13151) on November 13, 2016, disclosing
$500,000 to $1 million in estimated assets and $100,000 to $500,000
in estimated liabilities.  The Petition was signed by Mr. Adel
Kellel, president.

The Debtor tapped Andrew R. Gottesman, Esq. at Gottesman Law, PLLC
as its new legal counsel, replacing the Law Office of Gabriel Del
Virginia; and Jesse B. Schneider, Esq. at Davis & Gilbert LLP as
its special counsel. The Debtor also engaged Steven Schneiderman
CPA PC as accountants.

No trustee, examiner or official committee of unsecured creditors
has been appointed in the case.


KAZBAR LLC: Taps Kirk A. McCarville as Special Counsel
------------------------------------------------------
Kazbar, LLC and Cowboy Ciao LLC received approval from the U.S.
Bankruptcy Court in Arizona to hire Kirk A. McCarville, PC as
special counsel.

The firm will assist the Debtors in negotiating and resolving
certain disputes with state and federal taxing authorities.

Kirk McCarville, Esq., the attorney who will be representing the
Debtors, will charge an hourly fee of $395.  The firm's associates
will charge $225 per hour.

The firm does not represent any interest adverse to the Debtors or
their estates, according to court filings.

McCarville can be reached through:

     Kirk A. McCarville
     Kirk A. McCarville, PC
     2525 E. Arizona Biltmore Cir., Suite B218
     Phoenix, AZ 85016
     Phone: (602) 468-1714

                   About Kazbar and Cowboy Ciao

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

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

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

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


KENNAMETAL INC: Egan-Jones Hikes Sr. Unsec. Rating to BB+
---------------------------------------------------------
Egan-Jones Ratings Company, on June 6, 2017, raised the senior
unsecured ratings on debt issued by Kennametal Inc. to BB+ from
BB.

Kennametal is a supplier of tooling and industrial materials
founded in 1938 by Philip M. McKenna in the Latrobe, Pennsylvania
area.


KENTISH TRANSPORTATION: Ford Motor Credit to Get $297.91 Per Month
------------------------------------------------------------------
Kentish Transportation, Inc., filed with the U.S. Bankruptcy Court
for the Northern District of Alabama a first amended disclosure
statement referring to the Debtor's Chapter 11 plan.

Class 1(a) will consist of the Allowed Secured Claim No. 3 of Ford
Motor Credit Company, LLC, in the amount of $15,691.24.  Class 1(a)
will be amortized over 60 months and will accrue interest at 5.25%.
Class 1(a) will be paid per month in equal monthly installments
commencing 60 days after the Effective Date of the Plan.  The
payments will be $297.91 per month until paid.  This payment will
be paid direct by the Debtor.

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

             http://bankrupt.com/misc/alnb17-80242-175.pdf

As reported by the Troubled Company Reporter on July 19, 2017, the
Debtor filed with the Court a disclosure statement dated July 10,
2017, referring to the Debtor's Chapter 11 plan.  The Plan places
all Unsecured Claims in Class 2.  The Plan proposes that allowed
claims of the unsecured creditors will be paid from 50% of the net
plan profits of Debtor for five years or until paid in full.
However, if unsecured debts are not paid in full by the end of year
five, any remaining balance will balloon at the end of year six and
be due and payable by the Debtor at that time.

                   About Kentish Transportation

Kentish Transportation, Inc., formerly known as KTI Express
Courier, based in Huntsville, Alabama, is a transportation and
logistics company that specialize in on demand and routed type
services.  The Debtor's area of service is concentrated in Alabama,
but can go as far out as 150 to 300 miles outside state lines.  The
Debtor delivers anything from an envelope to large boxes and
pallets.  Its services are in demand from companies that need
delivery and do not want the costs associated with hiring and
maintaining employees and equipment.

The Debtor filed a Chapter 11 petition (Bankr. N.D. Ala. Case No.
17-80242) on Jan. 25, 2017.  The Hon. Clifton R. Jessup, Jr.,
presides over the case.  Stuart M Maples, Esq., at Maples Law Firm,
PC, serves as bankruptcy counsel to the Debtor.  In its petition,
the Debtor declared $99,948 in total assets and $1.11 million in
total liabilities.  The petition was signed by Cecilio Kentish,
Jr., president/CEO.


KINGDOM MEDICINE: Hires Wiedefeld as Restructuring Advisor
----------------------------------------------------------
Kingdom Medicine, PA seeks permission from the U.S. Bankruptcy
Court for the District of Maryland to employ Robert Wiedefeld as
their Financial Restructuring Advisor.

The Debtor requires Mr. Wiedefeld to:

     a. perform detailed financial analysis and make
recommendations regarding business operations;

     b. prepare projections regarding revenues and expenses in
connection with the use of cash collateral and the preparation of
plans and disclosure statements;

     c. assist with various schedules and reports required for
bankruptcy reporting; and recommend formal financial, billing, and
collection, and human resources systems designed to maximize short-
and long-term revenues and operations; and

     d. perform of all other similar services for the Debtor as may
be necessary or desirable.

The compensation payable to Mr. Wiedefeld from the estate shall be
subject to further Court order, after notice and opportunity for
hearing

Mr. Wiedefeld requests a security retainer against future services
in the amount of $5,000.

Robert Wiedefeld assured the Court that he 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.

                  About Kingdom Medicine, P.A.

Kingdom Medicine, P.A., is in the business of owning and operating
an adult and pediatric medical practice with offices located in
Pikesville, Germantown and Rockville, Maryland.

Kingdom Medicine filed for Chapter 11 bankruptcy protection
(Bankr.
D. Md. Case No. 17-18482) on June 21, 2017, estimating its assets
at up to $50,000 and its liabilities at between $1 million and $10
million.

Judge Michelle M. Harner is the case judge.

James C. Olson, Esq., at James C. Olson, Attorney and Counselor at
Law, serves as the Debtor's bankruptcy counsel.


KINGRIDGE ENTERPRISES: U.S. Trustee Unable to Appoint Committee
---------------------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of Kingridge Enterprises Inc. as
of July 24, according to a court docket.

Kingridge is represented by:

     Sheila F, Campbell, Esq.
     Sheila F. Campbell P.A.
     2510 Percy Machin
     North Little Rock, AR 72114
     Phone: 50-374-0700
     Email: campbl@sbcglobal.net

                About Kingridge Enterprises Inc.

Kingridge Enterprises Inc. sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. E.D. Ark. Case No. 17-13560) on June
26, 2017.  Mark Jackson, chief executive officer, signed the
petition.  

At the time of the filing, the Debtor disclosed that it had
estimated assets and liabilities of less than $50,000.

Sheila F. Campbell P.A. represents the Debtor as bankruptcy
counsel.


KRATON POLYMERS: Moody's Rates Repriced USD 1st Lien Term Loan Ba3
------------------------------------------------------------------
Moody's Investors Service has assigned Ba3 rating to the proposed
Euro first lien term loan and Ba3 rating to the re-priced USD first
lien term loan issued by Kraton Polymers LLC and Kraton Polymers
Holding B.V. At the same time, Moody's has affirmed Kraton
Corporation's B1 Corporate Family Rating (CFR), and B3 for its $440
million Sr. unsecured notes due in 2023 and $400 million Sr.
unsecured notes due in 2025, respectively. Proceeds from the new
EUR term loan will be used to refinance its existing USD term loan,
and for fees and expenses. The outlook is stable.

Ratings assigned:

Kraton Polymers LLC (Co-Issued by Kraton Polymers Holdings B.V.)

EUR Gtd Sr. Sec. 1st Lien Term Loan due 2022 -- Ba3 (LGD3)

USD Gtd Sr. Sec. 1st Lien Term Loan due 2022 -- Ba3 (LGD3)

Ratings affirmed:

Kraton Corporation

  Corporate Family Rating -- B1

  Probability of Default Rating -- B1-PD

  Speculative Grade Liquidity Rating - SGL-2

  Outlook -- Stable

Kraton Polymers LLC

  $440 million Gtd Sr. Unsecured Notes due 2023 -- B3 (LGD5)

  $400 million Gtd Sr. Unsecured Notes due 2025 -- B3 (LGD5)

Outlook -- Stable

RATINGS RATIONALE

The B1 Corporate Family Rating reflects Kraton's elevated leverage
of 5.3x for the LTM March 2017, its performance volatility due to
large movements in raw material prices, small risk of product
substitution, as well as challenges in improving earnings after the
acquisition of Arizona Chemical Holdings Corporation in 2016 and
ramping up its production at its joint venture with Formosa. The
price increase in raw materials (affecting polymer segment) and
low-cost C5 hydrocarbon alternatives (affecting chemical segment)
resulted in earnings pressure and weaker than expected operating
cash flow in the first half of 2017. Although free cash flow is
expected to be positive in 2017, meaningful debt reduction will
likely be delayed to 2018.

Kraton's ratings are supported by the fundamentally larger and more
diversified company and roughly twice the operating footprint
globally following the Arizona acquisition in 2016. Kraton's
earnings and free cash flows benefit from combining its leading
market positions in higher margin HSBC and Cariflex products with
Arizona's CTO/CST based products with advantaged feedstock position
and strong profitability. Other factors supporting the rating are
the company's raw material diversification (hydrocarbons and
CTO/CST based products), long-lived customer and supplier
relationships, diverse end-markets and customers, and "green"
product offerings. Management's plans for debt reduction support
anticipated credit metric improvements in 2017 and 2018. Moody's
expects Kraton to improve its cash flow generation and lower its
adjusted debt/EBITDA to 5.0x or lower in 2018, as it digests the
impact of increased raw material costs, realizes further synergies
and reduces its capex.

Kraton's proposed EUR term loan and re-pricing of its remaining USD
term loan will be net debt neutral and potentially reduce interest
expense. Financing in Euro will also bring its liabilities more in
line with its material business operations in Europe. Despite
additional guarantees and security, the EUR term loan is rated the
same as the USD term loan, given the intercreditor agreement with a
collateral allocation mechanism that proportionally allocates
collateral between EUR and USD term loans and equalizes the
recovery for both creditors.

Kraton's liquidity is supported by its large cash balance, cash
flow from operations, a $250 million five year revolving credit
facility. Kraton's $97 million cash on hand, excluding its joint
venture, as of March 30, 2017 was more than sufficient for its
daily business operation and provided additional liquidity for debt
redemption. Cash Flow from Operations will exceed $100 million and
sufficiently cover its capital expenditure in the coming 12 months,
providing further liquidity for debt redemption. The increased raw
material costs during the first half of 2017 are likely to increase
working capital needs and reduce its operating cash flow from $138
million in 2016. However, Moody's expects capex to decrease to a
more normalized level from the elevated level of $125 million in
2016 as the company has completed the construction at its JV HSBC
plant in Taiwan. The revolver has not been drawn and is expected to
be utilized only in periods of volatile raw material prices. The
revolver has a springing fixed charge covenant of 1x, which Moody's
does not expects to be tested over the next 12-18 months. The new
term loan and unsecured notes are covenant-lite. Historically,
there is no regular dividend at Kraton, but the company has used
excess cash to fund share repurchases. However, Moody's does not
anticipates this to be the case, while management focuses on
deleveraging.

The stable outlook reflects Moody's expectations that Kraton will
generate adequate amounts of free cash flow over the next 12-18
months to reduce leverage to 5.0x or lower. Additionally, Moody's
expects the company will maintain conservative financial policies
and hold off on dividends, share repurchases, and large debt funded
acquisitions until a meaningful amount of debt repayment has
occurred.

The rating has limited upside due to the debt funded acquisition
resulting in increased leverage. The rating could be upgraded once
leverage is sustainably below 4.5x.

The rating could be downgraded if EBITDA margins deteriorate,
leverage exceeds 6.0x or there is a lack of free cash flow
generation.

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

Kraton Corporation, headquartered in Houston, Texas, is a major
global producer of styrenic block copolymers (SBCs), which are
synthetic elastomers used in industrial and consumer applications.
In early 2016, through its acquisition of Arizona Chemical Holdings
Corporation, Kraton added capabilities in the production and sales
of pine based specialty chemicals. The company generated revenues
of about $983 million in the first six months of 2017.


LA CROSSE MEDIA: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor affiliates that filed Chapter 11 bankruptcy petitions:

     Debtor                                   Case No.
     ------                                   --------
     Mississippi Valley Broadcasters, LLC     17-12664
        dba La Crosse Media Group
        dba Original Hits WFLN 1490
        dba La Crosse Radio Group
        dba WQCC-FM CC106
        dba WLCR-FM Magic 105
        dba WKBH-FM CLassic Rock 100.1
        dba WFLN-AM Today's Talk 1490WLFN
        dba WQCC-FM Kicks 106
     1407 Second Avenue North
     P.O. Box 2017
     La Crosse, WI 54602-2017

     White Eagle Broadcasting, Inc.           17-12665
        dba La Crosse Media Group
        dba La Crosse Radio Group
        dba KQEG-FM Eagle 102.7
     1407 2nd Avenue North
     P.O. Box 2017
     La Crosse, WI 54602

     TCOM, Inc.                               17-12666
     1407 2nd Avenue North
     Onalaska, WI 54650

Business Description: Mississippi Valley Broadcasters, LLC, known
                      locally as the "La Crosse Radio Group", is
                      the owner and operator of five radio
                      stations in La Crosse, Wisconsin.  The
                      Company is a partnered ownership between
                      Tcom, Inc and Patrick H. Smith of Onalaska,  
         
                      WI.  The La Crosse Radio Group coverage
                      areas include western Wisconsin and eastern
                      Minnesota.  Their physical facilities are at
                      1407 2nd Avenue North (Highway 35) in
                      Onalaska, WI, north of La Crosse.

                      Web site: http://www.lacrosseradiogroup.net/

Chapter 11 Petition Date: July 27, 2017

Court: United States Bankruptcy Court
              Western District of Wisconsin (Eau Claire)

Debtors' Counsel:    William E. Wallo, Esq.
                     WELD RILEY, S.C.
                     3624 Oakwood Hills Parkway
                     Eau Claire, WI 54701
                     Tel: 715/839-7786
                     E-mail: wwallo@weldriley.com

                                      Estimated   Estimated
                                       Assets    Liabilities
                                     ----------  -----------
Mississippi Valley Broadcasters       $1M-$10M     $1M-$10M
White Eagle Broadcasting            $100K-$500K    $1M-$10M
TCOM, Inc.                          $100K-$500K    $1M-$10M

The petitions were signed by Patrick H. Smith, managing partner.

Mississippi Valley Broadcasters' list 20 largest unsecured
creditors is available for free at:

         http://bankrupt.com/misc/wiwb17-12664.pdf

White Eagle Broadcasting's five unsecured creditors is available
for free at:

         http://bankrupt.com/misc/wiwb17-12665.pdf

TCOM, Inc.'s list of two unsecured creditors is available for free
at:

         http://bankrupt.com/misc/wiwb17-12666.pdf


LEXMARK INT'L: Egan-Jones Withdraws 'BB' Sr Unsecured Ratings
-------------------------------------------------------------
Egan-Jones Ratings Company, on June 9, 2017, withdrew the BB senior
unsecured ratings on debt issued by Lexmark International Inc.

Lexmark International, Inc. is an American corporation that
manufactures laser printers and provides enterprise software.


LUV-IT FROZEN: Wants Plan Filing Deadline Moved to Nov. 18
----------------------------------------------------------
Luv-It Frozen Custard, Inc., tells the U.S. Bankruptcy Court for
the District of Nevada that it will require an additional 60-day
extension, to and including Nov. 18, 2017, in which to exclusively
file its plan of reorganization and disclosure statement.

The Debtor says it needs to determine the actual amount of the
Internal Revenue Service and Nevada Taxation Claim.  Until the IRS
and Nevada Taxation Claims are determined, the Debtor can't go
forward to plan confirmation and as a small business debtor, the
extension of exclusivity must be granted prior to the expiration of
the statutory period.

                  About Luv-It Frozen Custard

Luv-It Frozen Custard Inc. sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. D. Nev. Case No. 17-11417) on March 23,
2017.  The petition was signed by Sharon Tiedemann, owner and
president.

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

The Debtor hired Thomas E. Crowe, Professional Corporation, as
attorney, and Sheila Ildefonzo, as accountant.


MANOR VENTURES: Aug. 31 Auction of Monticello Property Set
----------------------------------------------------------
Judge Elizabeth S. Stong of the U.S. Bankruptcy Court for the
Eastern District of New York authorized Manor Ventures, LLC's
bidding procedures in connection with the sale of commercial
property located at 15 High Street, Monticello, New York by
auction.

The Auction will take place on Aug. 31, 2017 at 10:00 a.m., before
the Court, or such other room in the Courthouse as the Court may
designate.

The salient terms of the Bidding Procedures are:

    a. The Property will be sold (i) "as is" and "where is" with no
representations, legal or equitable, of any kind and (ii) with all
liens, claims, and encumbrances, and other interests to attach to
the proceeds of the sale.

    b. At the Auction, any person or entity, intending to bid for
the Property is required to submit a certified check equal to 10%
of the offer which is non-refundable should the Offeror become the
successful bidder and then fail to close for any reason, with the
Debtor reserving all other rights and remedies.

    c. The balance of the purchase price of the Property will be
paid by the successful Offeror by a certified or bank check payable
to "M. David Graubard, as attorney" at the closing.

    d. All offers made at the sale will remain open and irrevocable
until 30 days after entry of an order approving the sale.  In the
event the order approving the sale is subject to a stay of the
Court, the offer will remain open until such time as either the
stay is vacated or the order becomes a final order, whichever is
earlier.

    e. A hearing to approve the sale will be held at a date to be
determined by the Court after the sale is held.

    f. All bidders, who must pay no less than 10% of the final
offer at the Auction, must include evidence satisfactory to the
Debtor of such bidder's financial ability to close a purchase of
the Property unless the Debtor directs otherwise.  If a bid is made
more than two business days prior to the Auction, the Debtor will
notify the bidder within two business days of receipt whether the
bid, including the 10% deposit and evidence of the bidder's
financial ability to close, is a qualifying bid, or whether
additional evidence is required.

A copy of the Bid Terms and Conditions of Sale attached to the
Notice is available for free at:

            http://bankrupt.com/misc/Manor_Ventures_36_Sales.pdf

No later than five business days after entry of this Sales
Procedures Order, counsel for the Debtor will serve a copy of the
Notice of Sale, including the Sales Procedures Order and Bidding
Procedures upon all Notice Parties.

As soon as is practicable after entry of the Sales Procedure Order,
the Debtor will have the Publication Notice placed in The New York
Times, New York area edition or such other widely distributed
periodicals which would be of interest to someone buying property
in Monticello, New York for commercial use.

Any objections to the Proposed Sale must be filed no later than
4:30 p.m. (EDT) on Aug. 17, 2017.

The Sale Hearing to consider approval of the Debtor's entry into
and consummation of a transaction with a successful bidder will be
held on Sept. 26, 2017 at 10:00 a.m. (EDT), or such earlier date as
the Court may determine.

The Debtor is authorized and empowered to take such steps, expend
such sums of money and do such other things as may be necessary to
implement and effect the terms and requirements established by this
Sales Procedures Order.

                      About Manor Ventures

Mano Ventures, LLC, filed a Chapter 11 bankruptcy petition (Bankr.
E.D.N.Y. Case No. 17-40361) on Jan. 29, 2017.  The petition was
signed by Charles Kofman, managing member.

The Debtor disclosed total assets of $2.22 million and total
liabilities of $1.52 million.  

The Hon. Sean H. Lane presides over the case.  

M. David Graubard, Esq., serves as counsel to the Debtor.


MARIMED INC: Now Under Leadership of MariMed Advisors
-----------------------------------------------------
In recognition of Marimed Inc. being singly focused on the business
of MariMed Advisors, Inc., its wholly owned subsidiary, it was
determined that it is in the best interest of the Company that the
leadership of the MariMed Advisors be the new leadership of the
Company.  Accordingly, on July 20, 2017, Thom Kidrin agreed to
relinquish his positions as president and chief executive officer
of the Company.  Similarly, on July 20, 2017, Chris Ryan, the
Company's chief financial officer, was removed from office.

On July 20, 2017, Robert Fireman was appointed as the chief
executive officer and president of the Marimed.  Mr. Fireman, age
68, has been a director since the Company's formation, and is a
seasoned executive in the building of technology and consumer
driven companies.  Mr. Fireman was a founder and director of
Consumer Card Marketing, Inc., a pioneer in the development of
retail loyalty marketing programs for the supermarket and drug
store industries.  This company was sold to News America Marketing,
a division of News Corp.  They changed the name to SmartSource,
Direct and Mr. Fireman became its first General Manager.  Mr.
Fireman has been a practicing attorney for over 30 years.  Mr.
Fireman is the CEO of the Company's wholly-owned subsidiary,
MariMed Advisors Inc., a director of Worlds Inc. and a former part
owner of Sigal Consulting, the remaining 49% of which was acquired
by the Company in May 2017 whereby Mr. Fireman received 11,737,500
of the Company's shares.

On July 20, 2017, Jon Levine was appointed as the chief financial
officer, treasurer, and secretary of Marimed.  Mr. Levine, age 52,
has over 9 years of experience in the cannabis industry.  He brings
over 18 years in Commercial Real Estate development, management and
financial services.  Jon was a partner at Equity Industrial
Partners a national commercial real estate management group.  He
also has past experience in the banking at USTrust Bank as an Asset
Based Lender and in the leasing industry with AT&T Financial
Services and New Court Financial as a senior credit officer Mr.
Levine has served as the CFO of the Company's wholly-owned
subsidiary, MariMed Advisors Inc., and in that capacity has been
responsible for the management and reporting of most of the
Company's revenue and financial transactions.  Mr. Levine is a
former part owner of Sigal Consulting, the remaining 49% of which
was acquired by the Company in May 2017 whereby Mr. Levine directly
received 14,807,500 of the Company's shares.

                       About MariMed

Based in Brookline, Mass., MariMed Inc., formerly known as
Worlds Online Inc., currently operates in two separate segments
with one segment being a 3D entertainment portal which leverages
its proprietary licensed technology to offer visitors a network of
virtual, multi-user environments which the Company calls "worlds"
and the second segment, MariMed Advisors, being a management
company in the medical cannabis industry.

Worlds Online reported net income of $321,165 on $3.564 million of
total revenue for the year ended Dec. 31, 2016, compared with a net
loss of $1.84 million on $1.270 million of total revenue for the
year ended Dec. 31, 2015.  As of March 31, 2017, MariMed had $10.84
million in total assets, $9.95 million in total liabilities and
$890,554 in total stockholders' equity.

L&L CPAS, PA issued a "going concern" qualification on the
consolidated financial statements for the year ended Dec. 31, 2016.
The auditors noted the Company has suffered recurring operating
losses, has an accumulated stockholders' deficit, has negative
working capital, has had minimal revenues from operations, and has
yet to generate an internal cash flow that raises substantial doubt
about its ability to continue as a going concern.


MARKET QUARE: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Market Square Hospitality, LLC
        2723 Sheridan Road
        Zion, IL 60099

Business Description: Market Square Hospitality operates a hotel
                      at 2723 Sheridan Rd, Zion, IL 60099, USA
                      known as "The Inn At Market Square".

Chapter 11 Petition Date: July 27, 2017

Case No.: 17-22394

Court: United States Bankruptcy Court
       Northern District of Illinois (Chicago)

Judge: Hon. Janet S. Baer

Debtor's Counsel: Abraham Brustein, Esq.
                  DIMONTE & LIZAK, LLC
                  216 W. Higgins Road
                  Park Ridge, IL 60068
                  Tel: 847 698-9600 Ext. 221
                  Fax: 847 698-9623
                  E-mail: abrustein@dimonteandlizak.com

                     - and -

                  Julia Jensen Smolka, Esq.
                  DIMONTE & LIZAK, LLC
                  216 West Higgins Road
                  Park Ridge, IL 60068
                  Tel: 847 698-9600 Ext. 231
                  Fax: 847 698-9623
                  E-mail: jjensen@dimonteandlizak.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by David Delach and Richard Delisle,
managers.

The Debtor's list of 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/ilnb17-22394.pdf


MASTEC INC: Egan-Jones Hikes Sr. Unsec. Ratings to BB
-----------------------------------------------------
Egan-Jones Ratings Company, on June 14, 2017, raised the senior
unsecured ratings on debt issued by MasTec Inc. to BB from BB-.

Mastec, Inc. is an American multinational infrastructure
engineering and construction company based in Coral Gables,
Florida.



MCAADS.COM LLC: Hires Wellen as Accountant
------------------------------------------
MCAAds.com, LLC, and My Classified Ads, LLC seek permission from
the U.S. Bankruptcy Court for the Middle District of Florida to
employ Robert Wellen, Jr. PA, as accountant, nunc pro tunc to June
14, 2017.

Prior to the Petition Date, Wellen were employed by the Debtors to
provide bookkeeping services, prepare financial reports, and
prepare tax returns.

Prior to the Petition Date, the Debtors utilized ADP, LLC to
provide services to prepare related reports, and to pay payroll
taxes.

After the Petition Date, ADP informed the Debtors that it could not
provide services post petition because of the restrictions with the
Debtors' DIP accounts.

To avoid missing payroll for the Debtors' 23 employees, the Debtor
asked wellness to assist. Wellen agreed to set up the Debtors'
payroll for $4,550.

Wellen has agreed to continue to provide bookkeeping services and
prepare financial reports for $1,500 per month.

Robert Wellen, CPA, of Robert Wellen, Jr. PA, assured the Court
that the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtors and their estates.

Wellen can be reached at:
  
      Robert Wellen, CPA
      Robert Wellen, Jr. PA
      1323 N. Parsons Avenue
      Brandon, FL 33510
      Tel: 813-643-2904
      Fax: 813-643-1391

                   About MCAAds.com, LLC

MCAAds.Com, LLC and My Classified Ads, LLC, are small business
debtors as defined in 11 U.S.C. Section 101(51D) that are engaged
in advertising.  MCAAds.Com and My Classified Ads filed Chapter 11
petitions (Bankr. M.D. Fla. Case Nos. 17-05179 and 17-05180,
respectively) on June 14, 2017. Blaire Fanning, manager, signed the
petitions.

At the time of filing, MCAAds.Com scheduled $537,689 in assets and
$2,410,000 in liabilities. My Classified Ads disclosed $625,067 in
assets and $2,390,000 in liabilities.

The Debtors are represented by Suzy Tate, Esq. at Suzy Tate, P.A.


MDC HOLDINGS: Egan-Jones Hikes Sr. Unsecured Ratings to BB+
-----------------------------------------------------------
Egan-Jones Ratings Company, on June 5, 2017, raised the senior
unsecured ratings on debt issued by MDC Holdings Inc. to BB+ from
BB.

Based in Denver, Colorado, MDC Holdings Inc., whose subsidiaries
build homes under the name "Richmond American Homes," is a
mid-sized national homebuilder. The company also provides mortgage
financing, primarily for MDC's home buyers, through its wholly
owned subsidiary, HomeAmerican Mortgage Corporation.




MED SHARE: Voluntary Chapter 11 Case Summary
--------------------------------------------
Debtor: Med Share Technologies, Inc.
        2601 WMockingbird Ste100
        Dallas, TX 75235

Business Description: Med Share Technologies --
                      http://www.medsharelaser.com-- is a seller  
                      of pre-owned aesthetic lasers in the United
                      States.  The Company is different from re-
                      marketers because it has hundreds of systems
                      tested and in stock ready for shipping.
                      These systems can be viewed at the Company's

                      5000 square showroom in Dallas or virtually
                      over a streaming video if necessary.

Chapter 11 Petition Date: July 27, 2017

Case No.: 17-32828

Court: United States Bankruptcy Court
       Northern District of Texas (Dallas)

Judge: Hon. Stacey G. Jernigan

Debtor's Counsel: Larry K. Hercules, Esq.
                  LARRY K. HERCULES, ATTORNEY AT LAW
                  1400 Preston Road, Suite 400
                  Plano, TX 75093
                  Tel: (972) 964-9757
                  Fax: (972) 964-0120
                  E-mail: lkhercules@yahoo.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Christopher J. Cleary, president.

The Debtor failed to include a list of its 20 largest unsecured
creditors at the time of the filing.

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

          http://bankrupt.com/misc/txnb17-32828.pdf


MEDIA GENERAL: Egan-Jones Withdraws B+ Sr. Unsecured Ratings
------------------------------------------------------------
Egan-Jones Ratings Company, on June 9, 2017, withdrew the B+ senior
unsecured ratings on debt issued by Media General Inc.

Based in Richmond, Virginia, Media General, Inc. owns and operates
television stations in the United States. The company operates
through two segments, Broadcast and Digital.


MICHIGAN SPORTING: Sale of All IP Assets to SDI USA for $76K Okayed
-------------------------------------------------------------------
Judge John T. Gregg of the U.S. Bankruptcy Court for the Western
District of Michigan authorized Michigan Sporting Goods
Distribution, Inc.'s sale of all intellectual property assets to
SDI USA, LLC for $76,102.

The sale is on an "as is, where is" basis, without any
representations or warranties; and free and clear of all liens,
claims, encumbrances, and interests of any kind or nature
whatsoever.

The recommendations and conditions contained in the Consumer
Privacy Ombudsman's Report are incorporated, and the Purchaser must
comply with these requirements:

   a. The Purchaser must offer terms for honoring rewards to the
Debtor's reward program members based on those members migrating to
SDI USA, LLC rewards programs;

   b. The Purchaser will be bound by and succeed by substantially
similar terms as contained in MC Sports' existing privacy
policies;

   c. The Purchaser will be responsible for any violation of
existing privacy policies;

   d. The Purchaser is bound by and must substantially meet the
standards established by the Debtor's privacy policies, must
maintain substantially the same level of information security
currently maintained by the Debtor, and must comply with applicable
privacy laws and regulations governing the transfer, storage,
maintenance, and access to customer personally identifying
information;

    e. In conjunction with the Debtor, the Purchaser must provide
notice to any customer whose personally identifying information is
sold and transferred by way of emailing such customers;

    f. As part of the notification process, the Purchaser must
provide consumers with an opportunity to opt-out, to the extent
required by law; and

    g. The Purchaser must file a certification within 30 days of
the sale, confirming its compliance with the conditions the Court
imposes on the sale of the Intellectual Property.

                    About Michigan Sporting
                    Goods Distribution, Inc.

Michigan Sporting Goods Distributors, Inc., is a retail sporting
goods chain based in Grand Rapids, Michigan.  It filed a Chapter
11 petition (Bankr. W.D. Mich. Case No. 17-00612) on Feb. 14,
2017.  Bruce Ullery, president and chief executive officer,
signed the petition.  The Debtor estimated $50 million to $100
million in assets and liabilities.

Judge John T. Gregg presides over the case.

Robert Michael Azzi, Esq., Stephen B. Grow, Esq., and Elisabeth M.
Von Eitzen, Esq., at Warner Norcross & Judd LLP, serve as
bankruptcy counsel to the Debtor.  Berkeley Research Group, LLC,
is
the Debtor's financial advisor.

On Feb. 21, 2017, the Office of the U.S. Trustee for Region 9,
formed an Official Committee of Unsecured Creditors, consisting
of:
(i) Nike USA, Inc.; (ii) Under Armor, Inc.; (iii) Columbia
Sportswear; (iv) The Burton Corporation; (v) Indian Industries,
Inc. dba Escalade Sports; (vi) Wilson Sporting Goods Co.; and
(vii) GGP Limited Partnership.

Cooley LLP, is serving as lead counsel to the Committee; Miller
Canfield, P.L.C. is Michigan counsel; and Province Inc., is the
financial advisor.


MIDWEST FARM: Wants Plan Extension as Bank Deal Hits Snag
---------------------------------------------------------
Midwest Farm, L.L.C., asks the U.S. Bankruptcy Court for the
District of South Dakota for an extension of the exclusive time
period during which it may have to file its Disclosure Statement
and Plan of Reorganization to September 29, 2017 and an extension
until January 31, 2018 for the Debtor to gain acceptance of the
fled Plan.

The Debtor maintains that it had reached an agreement with Plains
Commerce Bank by written e-mails which set forth the terms of such
agreement. After extensive negotiations between the Parties, the
Debtor relates that Plains Commerce Bank accepted those terms in
writing.  However, the Debtor claims that when its counsel placed
those terms into a formalized written Stipulation, Plains Commerce
Bank refused to sign it and now wants a better deal.

Thereafter, the Debtor contends that it had already prepared its
Disclosure Statement and Plan of Reorganization based upon the
written agreement, which agreement required the Debtor to file its
Disclosure Statement and Plan of Reorganization on July 24, 2017.

The Debtor submits that in compliance with its written agreement
with Plains Commerce Bank, the Debtor is filing its Disclosure
Statement and Plan of Reorganization on July 24, but wants to
preserve its rights by extending the exclusivity in case it needs
to file a different Plan later on.

                      About Midwest Farm

Midwest Farm, L.L.C., is engaged in the business of grain farming
and custom farming with facilities located in and around Aurora,
South Dakota, and farms real estate located in Brookings County,
South Dakota; Moody County, South Dakota; and Lincoln County,
Minnesota.  Each of Douglas Stein and Dana Stein owns a 50%
membership interest in the Debtor.

Midwest Farm filed a Chapter 11 petition (Bankr. D. S.D. Case No.
17-40091) on March 24, 2017.  At the time of filing, the Debtor
disclosed $9.69 million in total assets and $6.66 million in total
liabilities.

The case is assigned to Judge Charles L. Nail, Jr.

Gerry & Kulm Ask, Prof. LLC, is serving as bankruptcy counsel, with
the engagement led by Laura L. Kulm Ask, Esq.  Kathy Meland is the
Debtor's agricultural financial consultant.

Proofs of claim are due on June 26, 2017.


MINT LEASING: Needs Until Dec. 14 to File Chapter 11 Plan
---------------------------------------------------------
The Mint Leasing, Inc. requests the U.S. Bankruptcy Court for the
Southern District of Texas to extend its exclusive time to file a
plan of reorganization up to Dec. 14, 2017 and to confirm a plan of
reorganization up to Feb. 12, 2018.

The Debtor contends that it has a complex business and the
bankruptcy estate is significant -- the Debtor's Bankruptcy
Schedules reveal assets with a value in excess of $11 million and
liabilities in excess of $11 million. The Debtor also contends that
it is a publicly traded company with numerous shareholders.
Further, the Debtor says that it has been in the automobile leasing
business since 1997 and thus is a party to numerous automobile
leases and other agreements and contracts that will need to be
addressed in a plan of reorganization. As such, the Debtor tells
the Court that an analysis of its business and prepetition
obligations will be necessary to finalize a proposed plan of
reorganization.

Prior to the Petition Date, the Debtor relates that it has been
embroiled in certain state-court litigation against its prepetition
lenders, Raven Asset-Based Opportunity Fund I LP. While the
litigation has been pending for several years, the merits of such
claims are not remotely close to being determined and Raven Fund
obtained an appointment of a Receiver in the suit in April 2016.

The Debtor further relates that after his appointment, the Receiver
essentially took control of the Debtor's cash, which action, among
other things, substantially impaired the Debtor's ability to
operate in the ordinary course of business, maintain its books and
records, file tax returns, stay in compliance with SEC laws, retain
necessary advisors and professionals and even pay normal operating
expenses, like the utility bills.

Because of the Receiver and certain actions taken by Raven Fund
prior to the Petition Date, the Debtor claims that its operations
were in terrible condition as of the Petition Date. Specifically,
the Debtor did not have any bank account in which it could collect
or deposit any funds. The Debtor also did not, and does not, have
title to its inventoried or leased vehicles, which is a fundamental
component of its business. The Debtor also has had to spend a fair
amount of time post-petition trying to work with Raven to utilize
the Debtor’s cash collateral and monetize other collateral, so it
could stabilize its business operations.

Additionally, the Debtor recount that this case was commenced as an
involuntary chapter 7 case, and the Debtor's counsel has only
recently become familiar with the Debtor's operations after the
Petition Date. Nonetheless, the Debtor claims that it has filed the
necessary financial disclosures, participated in a 341 meeting of
creditors, and sought the necessary relief from the Court to
transition into bankruptcy.

The Debtor has also spent a fair amount of time working towards a
global resolution of its dispute with Raven Fund and a potential
restructuring of Raven Fund's debt. These efforts have not been in
a vacuum, and Raven Fund has been a part of the negotiations and is
well-aware of the efforts that have been taken by the Debtor.


                   About The Mint Leasing, Inc.

Houston, Texas-based The Mint Leasing, Inc., leases automobiles and
fleet vehicles throughout the United States.  The Debtor's founder
and partial owner is Jerry Parish.

An involuntary chapter 7 petition (Bankr. S.D. Tex. Case No.
17-31878) was filed against The Mint Leasing, Inc. by four
petitioning creditors on March 30, 2017.  By agreement from the
petitioning creditors and the Debtor, an order for relief was
entered on April 18, 2017 converting the case to a case under
chapter 11 of the Bankruptcy Code.

The Debtor hired FisherBroyles, LLP, as general bankruptcy
counsel.

By agreement between the petitioning creditors and the Debtor,
William West was appointed as an examiner in the case.

The Office of the U.S. Trustee on July 5, 2017, disclosed in a
court filing that no official committee of unsecured creditors has
been appointed in the Chapter 11 case of The Mint Leasing, Inc.


MISSIONARY ASSEMBLY: Church Wants to Use Cash Collateral
--------------------------------------------------------
Missionary Assembly of God of Marlborough Inc. asks for permission
from the U.S. Bankruptcy Court for the District of Massachusetts to
use cash collateral of its mortgage creditor and to provide
adequate protection payments in the amount of $2,000 per month to
the secured party.

The mortgage was originally given to Alaska Seaboard Partners
Limited Partnership, which secured a loan in the original principal
amount of $911,000.  It was eventually assigned to Marlboro BFC,
LLC, a Massachusetts Limited Liability Company, which, upon
information and belief, is the present holder of the Promissory
Note.

The cash collateral and accounts receivable of the Debtor are the
only sources of financing available to Debtor at present.  Thus the
Debtor's use of cash collateral is essential to the Debtor's
reorganization success, in that the Debtor needs all of its cash
and equipment and funds generated by the collection of its accounts
receivable to pay for the Debtor's post-petition operating
expenses, including the salary and benefits of its pastor and
utilities.

The Debtor tells the Court that it must be able to use cash
collateral to pay for all necessary post-petition operating
expenses including wages, taxes, utilities, and other normal and
necessary operating expenses of operations.

The Debtor says that approval of the use of cash collateral is
necessary to enable Debtor to maintain and reorganize its business
while marketing the real estate for sale (although a good offer has
been received).  Absent the availability of cash collateral, the
Debtor will not be able to continue in business or pay for the
services that are essential to the preservation of the
going-concern value of its business and payment to creditors and
employees.

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

           http://bankrupt.com/misc/mab17-41182-30.pdf

                  About Missionary Assembly of
                    God of Marlborough Inc.

Missionary Assembly of God of Marlborough Inc. is a religious
corporation as defined by Massachusetts law, and a Sec. 501(c)(3)
charitable organization that operates as church for Christian
fellowship.  Its financial problems stem in part from a decline in
attendance, but mostly from the fact that the mortgage on the
property was a short-term, balloon mortgage which came due.

Missionary Assembly of God filed a Chapter 11 bankruptcy petition
(Bankr. D. Mass. Case No. 17-41182) on June 28, 2017, estimating
under $50,000 in both assets and liabilities.

The Hon. Elizabeth D. Katz presides over the case.

The Debtor hired David G. Baker, Esq., at the Law Office of David
G. Baker.


MOREHEAD MEMORIAL: Bankruptcy Administrator Forms Committee
-----------------------------------------------------------
William Miller, the bankruptcy administrator for the Middle
District of North Carolina, on July 24 appointed seven creditors to
serve on the official committee of unsecured creditors in the
Chapter 11 case of Morehead Memorial Hospital.

The committee members are:

     (1) Morrison Healthcare
         Jerry G. Carpenter
         4721 Morrison Drive, Suite 300
         Mobile, Alabama 36609

     (2) Crothall Healthcare
         Stacey Hall
         1500 Liberty Ridge Drive, Suite 210
         Wayne, PA 19087

     (3) Medline Industries, Inc.
         Shane Reed
         Three Lakes Drive
         Northfield, Il 60093

     (4) Moonlighting Solutions, LLC
         Carrie Cotter
         1155 Revolution Mill Drive, Studio 12
         Greensboro, NC 27405

     (5) Aramark
         Charles J. Reitmeyer
         1101 Market Street
         Philadelphia, Pa. 19118

     (6) NuVasive, Inc.          
         Gregory Jackson
         5475 Lusk Boulevard
         San Diego CA 92121

     (7) PBGC
         Mark Shelton
         Taylor Jones
         1200 K Street NW
         Washington, DC 20005

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 Morehead Memorial Hospital

Founded in 1924, Morehead Memorial Hospital --
http://www.morehead.org/-- is a North Carolina non-profit  
corporation that owns and operates a 108-bed general acute care
community hospital on a 22-acre campus located at 117 East Kings
Highway, Eden, North Carolina. Within the Hospital Real Property,
Morehead Memorial also owns and operates a 121-bed skilled nursing
facility. It also owns several other parcels of real property
located in Eden that are contiguous to, or in the general vicinity
of, the Hospital Real Property.

Morehead Memorial Hospital filed for Chapter 11 bankruptcy
protection (Bankr. M.D.N.C. Case No. 17-10775) on July 10, 2017,
estimating its assets and liabilities at between $10 million and
$50 million each. The petition was signed by Dana M. Weston, chief
executive officer.

Judge Benjamin A. Kahn presides over the case.

Thomas W. Waldrep, Jr., Esq., Jennifer B. Lyday, Esq., and
Francisco T. Morales, Esq., at Waldrep LLP serve as the Debtor's
bankruptcy counsel.

Womble Carlyle Sandridge & Rice, LLP, is the Debtor's special
counsel. Grant Thornton LLP is the Debtor's financial consultant.
Hanlon Hammond Camp LLC is the Debtor's investment banker and
operational and strategic advisor. Donlin, Recano & Company, Inc.,
is the Debtor's claims and noticing agent.


NEPHROGENEX INC: Court Awards CS $500K for Allowance Compensation
-----------------------------------------------------------------
Judge Kevin Gross of the U.S. Bankruptcy Court for the District of
Delaware addressed a fee dispute involving Cassel Salpeter & Co.,
LLC, the fee applicant, and Nephrogenex, Inc., Medpace, Inc.,
Patheon Pharmaceuticals, Inc., and its affiliate DPx Fine Chemicals
Austria GMbH & Co. KG, the objectors.

Judge Gross granted CS's request for the allowance of compensation
in the amount of $518,750 and reimbursement of expenses in the sum
of $7,002.64.

Objectors argue that the Debtor retained CS to market and sell its
assets and the Engagement Agreement called for a success fee in the
event of a sale. Instead, Debtor filed the Liquidation Plan and
Medpace staved off liquidation by exchanging its large claim
($4,312,698.51) for a distribution of new common stock. Objectors
argue that paying CS a success fee under such circumstances would
be inequitable, i.e., improvident.

Objectors also argue that the transaction in the Plan was not a
sale, that the transaction does not meet the definition of a Sale
Transaction in the Engagement Agreement. The transaction was not a
"combin[ation] with another company." Objectors also complain that
the Plan Transaction did not create proceeds. The Engagement
Agreement provides that "all fees and expenses due and payable to
CS shall be paid directly out of the gross proceeds of any Sale
Transaction. . . "The Plan Transaction created no proceeds.
Objectors thus argue that because the new common stock was issued
in exchange for Medpace’s claim and not in exchange for the old
common stock, therefore there were no "proceeds."

It is important to remember that the definition of "Sale
Transaction" includes "an acquisition, merger, consolidation, or
other business combination" combining the Debtor, "directly or
indirectly" with another company. It is clear to the Court that by
virtue of the Plan Transaction, Medpace now owns all of the equity
of the Reorganized Debtor. The Plan Transaction is, therefore, a
combination, "direct or indirect" between the Debtor and Medpace.

Objectors also argue that CS is not entitled to a success fee
because the Plan Transaction did not generate proceeds with which
to pay the fee. Objectors point to the Engagement Agreement, which
provides, in part, that "CS shall be paid directly out the gross
proceeds of any Sale Transaction regardless of the existence of any
unpaid administrative claims." The Plan Transaction created no
proceeds and "proceeds" means "money" received. Furthermore,
according to the Objectors, the Engagement Agreement uses the terms
"paid" and "proceeds" closely together which makes the point that
proceeds must be created before there is any payment.

The Objectors' argument appears to make sense, viz., no money, no
success fee. The argument, however, is overly simplistic and does
not control. First, the Engagement Agreement does not limit the
payment of the Sale Transaction Fee to results in cash proceeds.
The Engagement Agreement does not provide that the Sales
Transaction Fee can only be paid if the Sales Transaction generates
cash. More importantly, the Engagement Agreement defines "Sale
Consideration" to include "(y) the principal amount of all
indebtedness for borrowed money or other liabilities of the
[Debtor] or [Debtor] related entity as applicable, as set forth on
the most recent balance sheet, or in the case of a sale of assets,
all indebtedness for borrowed money or other liabilities assumed,
cancelled, exchanged, or forgiven by a third party. . . ." The Plan
Transaction meets the definition. The money necessary to pay the CS
fee will come from the Reorganized Debtor’s cash on hand.

The Court has carefully reviewed the arguments presented and read
the Plan Transaction, the Engagement Agreement, and the Retention
Order and concludes for all the foregoing reasons that CS has
earned its success fee. The Court will issue an Order consistent
with this Memorandum Opinion.

A full-text copy Judge Gross' Memorandum Opinion is available at:

http://bankrupt.com/misc/deb16-11074-486.pdf

About NephroGenex, Inc.

Raleigh, N.C.-based NephroGenex, Inc., is a drug development
company that focuses on developing novel therapies for kidney
disease.  It develops Pyridorin (pyridoxamine dihydrochoride), a
therapeutic agent, which is in Phase III clinical study for the
treatment of diabetic nephropathy.

NephroGenex filed for Chapter 11 bankruptcy protection (Bankr. D.
Del. Case No. 16-11074) on April 30, 2016, disclosing $4.9 million
in total assets and $6.2 million in total debt as of April 30,
2016.  The petition was signed by John P. Hamill, chief executive
officer and chief financial officer.

David R. Hurst, Esq., at Cole Scotz P.C., serves as the Debtor's
bankruptcy counsel.  Cassel Salpeter & Co. LLC is the Debtor's
investment banker and financial advisor.  Kurtzman Carson
Consultants LLC is the Debtor's claims and noticing agent.

To date, no Creditors' Committee has been appointed by the Office
of the U.S. Trustee.  No trustee or examiner has been appointed in
the Debtor's Chapter 11 case.



NETWORK SERVICES: DGI Buying Reno Property for $2.5 Million
-----------------------------------------------------------
Network Services Solutions, LLC ("NSS") asks the U.S. Bankruptcy
Court for the District of Nevada to authorize the sale of its
improved real property located at 3700 Barron Way, Reno, Nevada and
personal property to Developers Group International, Ltd. ("DGI")
for $2,462,500.

A hearing on the Motion is set for Aug. 22, 2017 at 2:00 p.m.

NSS owns the Property which is an office building.  The Property
consists of 1.05 acres and the improvement is a two story building
12,815 square feet in size.  It is encumbered by a deed of trust in
favor of Western Alliance Bank ("WAB"), which secures repayment of
a promissory note with an unpaid balance of approximately
$1,900,000.  NSS is current on its monthly obligations of debt
service to WAB.

There are several tenants currently leasing a portion of the
Property from NSS.  Only one of those leases extends beyond Dec.
31, 2017.  NSS is cognizant of lessee rights under Section 365(h).

Subject to approval by the Court, NSS and DGI have entered into an
Agreement of Purchase and Sale and Joint Escrow Instructions for
the sale of the Property free and clear of liens and encumbrances.
DGI intends to occupy a portion of the Property during the 60 day
Feasibility Period.  DGI will lease the second floor of the
Property for $7,757 per month during the Feasibility Period until
Close of Escrow.

WAB is the only party which holds a security interest in the
Property.  DGI has not discussed or entered into any agreements
with NSS management or key employees regarding compensation or
future employment.  There are no releases of claims against any
entity contemplated in the Sale Agreement.  The Sale Agreement
provides that prior to the Effective Date, NSS is considering
offers from other parties for the sale of the Property; thereafter,
an auction is not contemplated.

Escrow is to be opened the later of Sept. 1, 2017 or within five
days of the execution of the Sale Agreement, whichever is later.
Earnest money in the amount of $250,000 will be deposited with
First Centennial Title.  From the date escrow is opened, DGI will
have a 60-day Feasibility Period to conduct its due diligence
during which it may cancel the transaction for any reason.  DGI
must provide written notice of its decision to proceed with the
purchase of the Property not later than 5:00 p.m. on the last day
of the Feasibility Period.

Within 15 days after escrow has been opened, NSS is required to
deliver a standard owner's coverage commitment of title insurance
insuring fee simple title.  Within 10 days after delivery of the
commitment of title insurance, DGI will notify NSS what exceptions
to title will not be accepted by DGI.

After the expiration of the 60 day Feasibility Period, if DGI has
not terminated the escrow, the $250,000 will become non-refundable.
The Purchaser may extend the close of Escrow one time for 30 days
upon a 3-day notice and the deposit of an additional non-refundable
$25,000 into escrow.  There are no interim management agreements
contemplated in the Sale Agreement.

At close of escrow, it is contemplated that the obligation owing to
WAB will be paid.  In the event there is a dispute as to the
beneficiary demand of WAB, the undisputed amount will be released
and the disputed amount will be held by First Centennial Title
pending an order of the Court.

The contemplated sale does not qualify for a transfer tax
exemption.  As an asset sale, the transaction contemplated in the
Motion does not address successor liability and does not
contemplate any credit bidding as the sale price is in excess of
existing secured indebtedness.  The transaction contemplates that
existing tenants of NSS will, subject to negotiation and consent,
have their leases terminated not later than Dec. 31, 2017; and
contemplates an expedited closing.

Under the terms of the Listing Agreement, the proposed commission
for any sale is 4.5% where there is no Cooperating Agent.  Here,
there is no Cooperating Agent; accordingly, NSS is requesting that
the Court approve a commission to DCG in the amount of 4.5%.  It is
noted that the sale price of $2,462,500 is 1.5% below the listing
price of $2,500,000.  DCG is waiving any commission in connection
with the short term lease contemplated under the Sale Agreement.

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

    http://bankrupt.com/misc/NETWORK_SERVICES_110_Sales.pdf

The Purchaser can be reached at:

          JS Parker
          DEVELOPERS INTERNATIONAL GROUP, LTD.
          8175 S. Virginia St., Suite 850-217
          Reno, NV 89511

                About Network Services Solutions

Network Services Solutions is a Reno, Nevada-based reseller of
telecommunications services.  

In November 2016, the Federal Communications Commission said it
plans to fine Network Services Solutions and its chief executive,
Scott Madison, $21,691,499 for apparent violations involving the
Universal Service Fund Rural Health Care Program and wire fraud.
The company is charged with violating the program's competitive
bidding rules, using forged and false documents to seek funding
from the program, and violating the federal wire fraud statute.
The alleged violations at issue occurred throughout the country,
but were concentrated in the southeastern United States, according
to the FCC.

NNS sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. Nev. Case No. 17-50309) on March 20, 2017.  At the
time of the filing, the Debtor estimated assets of less than
$50,000 and liabilities of $10 million to $50 million.  The
petition was signed by Scott Madison, managing member.  The case
is
assigned to Judge Bruce T. Beesley.

Jeffrey L Hartman, Esq., at Hartman & Hartman, serves as the
Debtor's Chapter 11 counsel.  Crosspoint Leasing & Financial
Services, Inc. serves as the Debtor's financial advisor; and
Robison, Belaustegui, Sharp & Low, and Lukas, LaFuria, Gutierrez &
Sachs serves as special counsel.


NORDIC INTERIOR: Has Final OK to Obtain Financing From Prestige
---------------------------------------------------------------
The Hon. Elizabeth S. Stong of the U.S. Bankruptcy Court for the
Eastern District of New York has entered a final order approving
the factoring agreement and authorizing Nordic Interior, Inc., to
obtain financing from Prestige Capital Corporation.

Prestige is willing to provide the Debtor with postpetition
financing through the purchase of open accounts receivable, so as
to provide the Debtor access to additional cash flow to operate its
business.

The IRS has consented to the relief sought by the Debtor with
respect to obtaining postpetition financing and the priming of its
lien on the accounts collateral.  Additionally, the IRS is
adequately protected for any diminution in value of its interest in
the accounts collateral by reason of its equity cushion in the
accounts collateral.  

The Official Committee of Unsecured Creditors withdrew its
objection to the motion.

The Office of the U.S. Trustee for Region 2 and The New York City
District Council of Carpenters Benefit Funds had objected to the
motion.

The Debtor requires post-petition financing to ensure that it has
adequate liquidity to meet its operating needs, maintain business
relationships with vendors, suppliers, and customers, pay
administrative expenses, and fund its filed plan of
reorganization.

Given the Debtor's current financial condition, it cannot obtain
unsecured credit allowable under Section 503(b)(1) of the U.S.
Bankruptcy Code as an administrative expense.  Financing on a
postpetition basis is not otherwise available without the Debtor
granting to Prestige (i) a first priority security interest in and
lien on the Debtor's accounts receivable, which security interest
and lien will prime and be senior to any existing security
interests and liens on the accounts collateral, pursuant to Section
364(d)(1) of the Bankruptcy Code, and (ii) a junior security
interest in and lien on all other assets of the Debtor, pursuant to
Section 364(c)(3) of the Bankruptcy Code.  No other source of
financing is available on terms more favorable than the terms of
the Factoring Agreement.

As security for the obligations that the Debtor will incur to
Prestige for advances made pursuant to the Factoring Agreement,
Prestige is granted, without the necessity of the execution by the
Debtor of mortgages, security agreements, pledge agreements, or any
other documents, subject to the carve out, (a) a first-priority
security interest in and lien on the accounts collateral, which
security interest and lien will prime and be senior to any existing
security interests and liens on the accounts collateral, pursuant
to Section 364(d)(1) of the Bankruptcy Code; and (b) a junior
security interest in and lien on the non-accounts collateral,
pursuant to Section 364(c)(3) of the Bankruptcy Code, but excluding
all avoidance actions under Section 544, 547, 548, and 550 of the
Bankruptcy Code and the proceeds thereof.  The Carve Out will mean:
(i) quarterly fees of the U.S. Trustee and other fees due the Court
pursuant to 28 U.S.C. 1930, including any fees and applicable
interest thereon pursuant to Chapter 123 of title 28, United States
Code; and (ii) fees and expenses of a Chapter 7 Trustee, should one
be appointed, however, not to exceed the amount of $15,000.

The Debtor will reduce the annual salaries of each of Helge
Halversen and Lloyd Jacobson from $250,000 to $182,000.

Out of and from the proceeds that the Debtor receives from Prestige
in consideration of Prestige's purchase of each account receivable
from the Debtor, the Debtor will, upon its receipt of the proceeds,
remit: (a) 20% to its counsel, Rosen & Associates, P.C., to be used
by the Debtor for funding a plan of reorganization; provided,
however, that the counsel will maintain proceeds, together with
interest earned thereon, if any, in escrow, and the funds will be
disbursed only upon the entry of a further court order upon
appropriate notice to all parties in interest; and (b) 20% to the
Internal Revenue Service on account of its administrative expense
claim for unpaid post-petition taxes; provided, however, that
regardless of the amounts the Debtor receives from Prestige from
time to time, the Debtor will pay to the Internal Revenue Service
not less than $20,000 per month on account of such administrative
expense claim; and (c) 5% to the New York State Department of
Taxation and Finance on account of its administrative expense claim
for unpaid post-petition taxes.

A copy of the Order is available at:

         http://bankrupt.com/misc/nyeb-16-43163-195.pdf

                      About Nordic Interior

Nordic Interior, Inc., was founded in 1973 as a drywall and small
woodworking company.  At the time of the bankruptcy filing, the
Company had approximately 50 employees, 35 of whom are carpenters
and project managers who are subject to a collective bargaining
agreement with the Carpenters' Union.

Nordic Interior filed a Chapter 11 bankruptcy petition (Bankr.
E.D.N.Y. Case No. 16-43163) on July 18, 2016. The case is pending
before Judge Elizabeth S. Stong.  At the time of the filing, the
Debtor estimated its assets and debts at $1 million to $10
million.

Rosen & Associates, P.C., serves as legal counsel to the Debtor.
The Debtor hired Achin, Block & Anchin LLP as its accountant

On Oct. 6, 2016, the U.S. Trustee for Region 2 appointed an
official committee of unsecured creditors.  The Law Offices of
Jeremy S. Sussman represents the committee as legal counsel.

On May 1, 2017, the Debtor filed its proposed Chapter 11 plan of
reorganization.


NORTEL NETWORKS: W. Owens' Claim Only Applies to Canadian Debtors
-----------------------------------------------------------------
Judge Kevin Gross of the U.S. Bankruptcy Court for the District of
Delaware denied William A. Owens' motion for reconsideration
regarding the Court's June 20, 2017 order, which sustained Nortel
Networks, Inc.'s objection to Mr. Owens' claim holding that Mr.
Owens was entitled to a single claim against the Canadian debtors,
Nortel Networks Corporation and Nortel Networks Limited, and not
against NNI.

The first argument which Mr. Owens raises is that he was an
employee of NNI and therefore the Court should uphold his claim
against NNI. The Court fully addressed the issue and found that
"Mr. Owens was a special employee of NNC and NNL, not NNI. There
was no evidence presented at the Hearing by Mr. Owens that he ever
did any work for NNI, not any." The Motion raises no arguments that
the Court did not consider in arriving at the foregoing
conclusion.

Second, Mr. Owens argues that the Court did not address, i.e.,
overlooked, "the uncontested fact that NNI was the direct
beneficiary of valuable consideration given to NNI by Mr. Owens in
the termination agreement" and that he is therefore entitled to a
claim against NNI. Mr. Owens overlooks the very fact that he
received millions of dollars under the Termination Agreement, which
is ample consideration. Both NNC and NNL have agreed to allow Mr.
Owens' claim in the Canadian cases and the Court's consideration of
all of the documentary evidence justifies the Court's ruling in the
Order that Mr. Owens' claim belongs in the Canadian cases, and not
in the cases in the U.S. Equity demands that Mr. Owens be allowed
payment on a single claim in Canada.

Judge Gross, thus, denies the motion. An order will issue.

A full-text copy of Judge Gross' Memorandum Opinion is available
at:

     http://bankrupt.com/misc/deb09-10138-18395.pdf

       About Nortel Networks

Headquartered in Ontario, Canada, Nortel Networks Corporation and
its various affiliated entities provided next-generation
technologies, for both service provider and enterprise networks,
support multimedia and business-critical applications.  Nortel did
Networks Limited was the principal direct operating subsidiary of
Nortel Networks Corporation.

On Jan. 14, 2009, Nortel Networks Inc.'s ultimate corporate parent
Nortel Networks Corporation, NNI's direct corporate parent Nortel
Networks Limited and certain of their Canadian affiliates
commenced
a proceeding with the Ontario Superior Court of Justice under the
Companies' Creditors Arrangement Act (Canada) seeking relief from
their creditors.  Ernst & Young was appointed to serve as monitor
and foreign representative of the Canadian Nortel Group.  That
same
day, the Monitor sought recognition of the CCAA Proceedings in
U.S.
Bankruptcy Court (Bankr. D. Del. Case No. 09-10164) under Chapter
15 of the U.S. Bankruptcy Code.

That same day, NNI and certain of its affiliated U.S. entities
filed voluntary petitions for relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Del. Case No. 09-10138).

In addition, the High Court of England and Wales placed 19 of
NNI's
European affiliates into administration under the control of
individuals from Ernst & Young LLP.  Other Nortel affiliates have
commenced and in the future may commence additional creditor
protection, insolvency and dissolution proceedings around the
world.

On May 28, 2009, at the request of administrators, the Commercial
Court of Versailles, France, ordered the commencement of secondary
proceedings in respect of Nortel Networks S.A.  On June 8, 2009,
Nortel Networks UK Limited filed petitions in U.S. Bankruptcy
Court
for recognition of the English Proceedings as foreign main
proceedings under Chapter 15.

U.S. Bankruptcy Judge Kevin Gross presides over the Chapter 11 and
15 cases.  Mary Caloway, Esq., and Peter James Duhig, Esq., at
Buchanan Ingersoll & Rooney PC, in Wilmington, Delaware, serves as
Chapter 15 petitioner's counsel.

In the Chapter 11 case, James L. Bromley, Esq., and Howard S.
Zelbo, Esq., at Cleary Gottlieb Steen & Hamilton, LLP, in New
York,
serve as the U.S. Debtors' general bankruptcy counsel; Derek C.
Abbott, Esq., at Morris Nichols Arsht & Tunnell LLP,  in
Wilmington, serves as Delaware counsel.  The Chapter 11  Debtors'
other professionals are Lazard Freres & Co. LLC as financial
advisors; and Epiq Bankruptcy Solutions LLC as claims and notice
agent.

The U.S. Trustee appointed an Official Committee of Unsecured
Creditors in respect of the U.S. Debtors.

An ad hoc group of bondholders also was organized.  An Official
Committee of Retired Employees and the Official Committee of
Long-Term Disability Participants tapped Alvarez & Marsal
Healthcare Industry Group as financial advisor.  The Retiree
Committee is represented by McCarter & English LLP as Delaware
counsel, and Togut Segal & Segal serves as the Retiree Committee.
The Committee retained Alvarez & Marsal Healthcare Industry Group
as financial advisor, and Kurtzman Carson Consultants LLC as its
communications agent.

Several entities, particularly, Nortel Government Solutions
Incorporated and Nortel Networks (CALA) Inc., have material
operations and are not part of the bankruptcy proceedings.

As of Sept. 30, 2008, Nortel Networks Corp. reported consolidated
assets of $11.6 billion and consolidated liabilities of $11.8
billion.  The Nortel Companies' U.S. businesses are primarily
conducted through Nortel Networks Inc., which is the parent of
majority of the U.S. Nortel Companies.  As of Sept. 30, 2008, NNI
had assets of about $9 billion and liabilities of $3.2 billion,
which do not include NNI's guarantee of some or all of the Nortel
Companies' about $4.2 billion of unsecured public debt.

Since the commencement of the various insolvency proceedings,
Nortel has sold its business units and other assets to various
purchasers.  Nortel has collected roughly $9 billion for
distribution to creditors.  Of the total, $4.5 billion came from
the sale of Nortel's patent portfolio to Rockstar Bidco, a
consortium consisting of Apple Inc., EMC Corporation,
Telefonaktiebolaget LM Ericsson, Microsoft Corp., Research In
Motion Limited, and Sony Corporation.  The consortium defeated a
$900 million stalking horse bid by Google Inc. at an auction.  The
deal closed in July 2011.

Nortel has filed a proposed plan of liquidation in the U.S.
Bankruptcy Court.  The Plan generally provides for full payment on
secured claims with other distributions going in accordance with
the priorities in bankruptcy law.

The trial on how to divide proceeds among creditors in the U.S.,
Canada, and Europe commenced on Sept. 22, 2014.  The question of
how to divide $7.3 billion raised in the international bankruptcy
of Nortel Networks Corp. was answered on May 12, 2015, by two
judges, one in the U.S. and one in Canada.

According to The Wall Street Journal, Justice Frank Newbould of the
Ontario Superior Court of Justice in Toronto and Judge Kevin Gross
of the U.S. Bankruptcy Court in Wilmington, Del., agreed on the
outcome: a modified pro rata split of the money.


NORTH AMERICAN GROUP: U.S. Trustee Unable to Appoint Committee
--------------------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of North American Group, Inc. as
of July 28, according to a court docket.

North American Group is represented by:

     Michael R. Dal Lago, Esq.
     Dal Lago Law
     999 Vanderbilt Beach Road, Suite 200
     Naples, FL 34108
     Tel: 239-571-6877
     Email: mike@dallagolaw.com

                About North American Group Inc.

North American Group, Inc. is a business management consultant in
the Fort Myers Shores, Florida.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. M.D. Fla. Case No. 17-05271) on June 16, 2017.
Matthew Franklin Klein, vice-president of operations, 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 Caryl E. Delano presides over the case.


NORTHSTAR REALTY: Egan-Jones Withdraws BB+ Sr. Unsec. Ratings
-------------------------------------------------------------
Egan-Jones Ratings Company, on June 9, 2017, withdrew the BB+
senior unsecured ratings on debt issued by NorthStar Realty Finance
Corp.

NorthStar Realty Finance Corp. is a real estate investment trust
launched and managed by NorthStar Asset Management Group. The fund
invests in the real estate markets of the United States.


NUVERRA ENVIRONMENTAL: Disclosures Approved & Plan Confirmed
------------------------------------------------------------
BankruptcyData.com reported that the U.S. Bankruptcy Court approved
Nuverra Environmental Solutions' Disclosure Statement and
concurrently confirmed its Amended Prepackaged Chapter 11 Plan of
Reorganization on July 25, 2017.  According to documents filed with
the Court, "Each Holder of Allowed 2018 Note Claims against the
Nuverra Group Debtors shall receive, in full and final satisfaction
of its Allowed 2018 Note Claims against the Nuverra Group Debtors,
but subject to the charging lien of the 2018 Note Indenture
Trustee, its Pro-Rata Share of (i) the Class A6 Reorganized Nuverra
Common Stock and, (ii) the Class A6 Unsecured Claim Warrants and
(iii) 2018 Noteholder Rights, subject to the terms of Section 4.14
hereof., and (iv) Cash in the amount of $350,000. On the Effective
Date, all of the 2018 Notes shall be cancelled and discharged. On
the Effective Date, all of the Nuverra Group Rejection Damage and
Other Debt Claims shall be cancelled and discharged Each Holder of
Allowed Nuverra Group Rejection Damage and Other Debt Claims shall
receive, in full and final satisfaction of its Allowed Nuverra
Group Rejection Damage and Other Debt Claims, its Pro-Rata Share of
(i) the Class A8 Reorganized Nuverra Common Stock and (ii) the
Class A8 Unsecured Claim Warrants. On the Effective Date, all of
the AWS Debtor Unsecured Debt Claims shall be cancelled and
discharged Each Holder of Allowed AWS Debtor Unsecured Debt Claims,
other than AWS 2018 Note Guaranty Claims, shall receive, in full
and final satisfaction of its AWS Debtor Unsecured Debt Claims, its
Pro-Rata Share of (i) the Class B6 Reorganized Nuverra Common Stock
and (ii) the Class B6 Unsecured Claim Warrants."

                About Nuverra Environmental

Nuverra Environmental Solutions, Inc. (OTCQB: NESC) provides
environmental solutions to customers focused on the development and
ongoing production of oil and natural gas from shale formations.
The Scottsdale, Arizona-based Company operates in shale basins
where customer exploration and production activities are
predominantly focused on shale and natural gas.

Nuverra Environmental Solutions and its affiliates sought Chapter
11 protection (Bankr. D. Del. Lead Case No. 17-10949) on May 1,
2017.  The Hon. Kevin J. Carey presides over the cases.

As of March 31, 2017, Nuverra had $329.80 million in total assets
and $534.5 million in total liabilities.

Shearman & Sterling LLP serves as bankruptcy counsel to the
Debtors, with the engagement led by Fredric Sosnick, Esq., Sara
Coelho, Esq., and Stephen M. Blank, Esq.  Young Conaway Stargatt &
Taylor, LLP and Shearman & Sterling LLP is the Debtors'
co-counsel.

AP Services, LLC, is the Debtors' restructuring advisor. Lazard
Freres & Co. LLC and Lazard Middle Market LLC is the investment
banker.  Prime Clerk LLC is the claims and noticing agent.

On May 19, 2017, the U.S. Trustee appointed an official committee
of unsecured creditors.  As of July 2017, David Hargreaves has
resigned from the Committee. Kilpatrick Townsend & Stockton LLP is
counsel and Batuta Capital Advisors LLC is financial advisor to the
committee. Landis Rath & Cobb LLP serves as Delaware counsel.


NYLC LLC: Intends to File Plan of Reorganization by Nov. 21
-----------------------------------------------------------
NYLC LLC d/b/a Le Cirque requests the U.S. Bankruptcy Court for the
Southern District of New York to extend for 120 days the periods
within which it has the exclusive right to file a plan of
reorganization and to solicit acceptances with respect thereto,
through and including Nov. 21, 2017 and Jan. 18, 2018,
respectively.

The Debtor relates that since the Petition Date, it has been
focused on determining if it may be reorganized.  To that end, the
Debtor has been engaged in significant cost-cutting measures.
Additionally, the Debtor also looked to other sources of income,
namely the Debtor's extensive wine collection.  The Debtor mentions
that it has received the Court's authority to sell a portion of its
wine inventory at auction, which yielded approximately $160,000 in
proceeds that are to be used to fund administrative expenses.

However, the Debtor asserts that despite its cost-cutting and sale
of its excess wine, the Debtor remains unable to keep up with its
postpetition rental obligations to its landlord.  As a result, the
Debtor is in the process of negotiating the terms of a surrender of
its lease to the landlord, as its lease will be rejected by
operation of Section 365 of the Bankruptcy Code on July 24, 2017.

The Debtor believes that by the time this motion is heard, it will
have resolved all issues with its landlord.  Assuming a resolution
with the landlord is reached, the Debtor says that it will continue
to pay all administrative expenses through the surrender date,
while winding down its operations.

Accordingly, the Debtor wishes to preserve the status quo and its
right to file a plan of reorganization so that it may determine its
reorganization possibilities once the Debtor's business has ceased,
and should not be concerned with a third-party filing a competing
plan of reorganization while it is still operating its business.

Moreover, the Debtor believes that the requested extensions will
promote its orderly reorganization without the need to devote
unnecessary time, money and energy to defending against or
responding to a competing plan.

This is the Debtor's first request for an extension of the
Exclusive Periods.  Absent the requested extension, the current
Exclusivity Period and Acceptance Period expire on July 24, 2017
and Sept. 20, 2017, respectively.

                        About NYLC LLC

NYLC, LLC, sought Chapter 11 protection (Bankr. S.D.N.Y. Case No.
17-10722) on March 24, 2017.  NYLC estimated assets in the range of
$100,001 to $500,000 and $501,000 to $1 million in debt.  The
petition was signed by Marco Maccioni, managing member.  The
Honorable Sean H. Lane presides over the case.  The Debtor tapped
Arnold Mitchell Greene, Esq., at Robinson Brog Leinwand Greene, as
counsel.


OCI BEAUMONT: S&P Raises CCR to 'B-', Revises Outlook to Stable
---------------------------------------------------------------
S&P Global Ratings said that it raised the corporate credit rating
on OCI Beaumont LLC to 'B-' from 'CCC+'. The rating outlook is
revised to stable from positive.

"We also raised the issue-level rating on its first-lien senior
secured debt to 'B+' from 'B'. The recovery rating is '1',
indicating our expectation for very high (90%-100%; rounded
estimate: 95%) recovery in the event of a payment default.

"The rating upgrade reflects our expectation that stronger methanol
and ammonia prices in 2017, relative to trough-like 2016, is
sustainable and will improve EBITDA and cash flow above 2016
levels. As a result, we expect FFO to total debt will improve
significantly to nearly 20% in 2017 from below 5% in 2016. Though
we expect global capacity additions in both products in the future,
we do not anticipate secular price declines in our base case. At
least over the next 12 months, we believe ongoing demand growth
will absorb capacity increases so that on average prices increase
in 2017. Still, we consider pricing for these commodities to be
volatile and sometimes unpredictable, and our rating action
considers the volatility we believe is characteristic of the
company's operating performance. This view contributes to limiting
to one notch raising the corporate credit rating. In addition, our
rating factors in OCI's relationship to ultimate parent OCI N.V.

"In our assessment of OCI Beaumont we will continue to assess group
credit quality and OCI Beaumont's relationship with its parent. The
improvement in earnings is expected to strengthen liquidity such
that sources will exceed uses by over 2x. We consider qualitative
factors such as the company's access to credit markets, which weigh
down our liquidity assessment.  

"The stable outlook reflects our belief that the company's improved
operating performance in 2017 is sustainable and can support credit
metrics appropriate for the rating, including FFO to total debt
between 15% and 20%. However, we consider high volatility in
debt-leverage metrics and notch our assessment of the company's
financial risk down. In our base case, we assumed EBITDA for 2017
is over $100 million, up from $60 million in 2016. We believe an
improvement in operating performance, a recent covenant amendment,
and capital structure changes lower the risk of covenant
noncompliance and that attendant liquidity risks have diminished.
We also anticipate that the economic environment in 2017 will
support higher pricing.

"We could also lower ratings if liquidity tightens so that we
believe sources will be below uses. This could happen if operating
performance and cash flow deteriorate from our expectation. We
could also lower ratings if debt leverage remains over 7x or
deteriorates at year-end 2017 and in 2018. This could happen if
EBITDA does not improve as anticipated because ammonia or methanol
pricing revert to trough-like levels of 2016.

"To consider an upgrade, we would have to assess the credit quality
of the parent group at a level that does not constrain ratings on
OCI Beaumont. We would also have to believe that OCI Beaumont's
stand-alone performance would improve meaningfully so that, after
considering potential volatility in credit metrics, we believed FFO
to total debt would be above 30%. A possible scenario leading to an
upgrade would be a spike in methanol prices in particular such that
EBITDA margins increase by well above 10% from our base-case
expectations to around 50%."


OCONEE REGIONAL: Taps James Bates as Special Corporate Counsel
--------------------------------------------------------------
Oconee Regional Health Systems, Inc. seeks approval from the U.S.
Bankruptcy Court for the Middle District of Georgia to hire
James-Bates-Brannan-Groover-LLP as special corporate counsel.

The firm will provide these services to Oconee and its affiliates
in connection with their Chapter 11 cases:

     (a) advising, assisting, and representing the Debtors with
         all corporate and legal matters pertaining to the sale of

         substantially all of their assets;

     (b) drafting and negotiating any needed amendments to that
         certain asset purchase agreement dated June 27, 2017, by
         and among Navicent Health, Inc., the Debtors, and other
         parties thereto;

     (c) updating the disclosure schedules to the APA and
         providing the necessary research and due diligence
         associated therewith;

     (d) assisting with consummation of the transactions
         contemplated by the APA;

     (e) advising the Debtors' board and management on corporate
         matters;

     (f) assisting with matters relating to the Debtors'
         relationship with Jasper Health Services Inc., a non-
         debtor affiliate, as to which James-Bates has prior
         experience;

     (g) advising and assisting the Debtors with matters related
         to the Hospital Acquisition Act;

     (h) assisting with miscellaneous employee benefits and
         litigation matters, if necessary; and

     (i) working on any other corporate or general legal matter
         arising as part of the Debtors' statutory duties to the
         extent not handled by their general bankruptcy counsel.

The principal attorneys designated to represent the Debtors and
their hourly rates:

     Chason Harrison, Jr.     Partner       $485
     William Sheppard         Partner       $490
     Andrew Barksdale         Associate     $215

James-Bates does not hold any interest adverse to the Debtors'
estates, according to court filings.

The firm can be reached through:

     Chason L. Harrison, Jr., Esq.
     James-Bates-Brannan-Groover-LLP
     Buckhead Tower at Lenox Square
     3399 Peachtree Road NE, Suite 1700
     Atlanta, GA 30326
     Tel: 404.997.6020
     Fax: 404.997.6021

              About Oconee Regional Medical Center

Oconee Regional Medical Center (ORMC) is located in Milledgeville
near the geographic center of Georgia, providing advanced
healthcare technologies to the 90,000 residents living in the
seven surrounding counties.

Oconee Regional Health Systems, Inc., owner of the Oconee Regional
Medical Center, and six of its affiliates filed Chapter 11
bankruptcy petitions (Bankr. M.D. Ga. Lead Case No. 17-51005) on
May 10, 2017.  

On May 11, 2017, two more affiliates ORHV Sandersville Family
Practice, LLC and Oconee Regional Senior Living, Inc. sought
bankruptcy protection.  Their cases are jointly administered with
that of ORMC.

The petitions were signed by Steven M. Johnson, interim chief
executive officer.

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

The Debtors are represented by Mark I. Duedall, Esq., and Leah
Fiorenza McNeill, Esq., in Atlanta, Georgia.  The Debtors hired
James-Bates-Brannan-Groover-LLP as special counsel, and Grant
Thornton as financial advisor.

On May 16, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  Greenberg Traurig, LLP
is the committee's bankruptcy counsel.  The committee hired the Law
Offices of Henry F. Sewell, Jr., LLC as its special counsel.


ON-CALL STAFFING: Wants Aug. 24 Exclusive Plan Filing Deadline
--------------------------------------------------------------
On-Call Staffing, Inc., asks the U.S. Bankruptcy Court for the
Northern District of Mississippi for an extension of 30 days up to
and including Aug. 24, 2017, in which only it can exclusively file
its proposed plan and disclosure statement and a concomitant
extension of 60 days within which to obtain plan confirmation.

The Debtor's exclusivity period will expire on July 25, 2017.  

As reported by the Troubled Company Reporter on May 29, 2017, the
Court previously extended the deadlines to file a Chapter 11 Plan
and Disclosure Statement and to confirm the Debtor's Plan, up to
and including July 25, 2017, and Sept. 23, 2017, respectively.

On July 19, 2017, the Debtor filed its joint motion to approve
compromise and settlement.  The Debtor has resolved a majority of
the issues that will be determinative as to confirmation of a plan.
As soon as the motion to approve compromise and settlement is
approved by the Court, the Debtor will be able to file its
disclosure statement and plan.

The Debtor assures the Court that it does not seek this extension
for purposes of delay, but rather, to allow the Debtor an
opportunity to fully formulate and file its proposed plan and
disclosure statement.  The extension will not result in any undue
prejudice to any creditor or other party-in-interest.

                      About On-Call Staffing

On-Call Staffing, Inc., filed a Chapter 11 petition (Bankr. N.D.
Miss. Case No. 16-13823) on Oct. 28, 2016.  The Debtor is
represented by J. Walter Newman, IV, Esq., at Newman & Newman.  The
petition was signed by its President, Lee Garner III.  At the time
of the filing, the Debtor estimated assets at $100,000 to $500,000
and liabilities at $500,000 to $1 million.


ONCOLOGY INSTITUTE: August 22 Plan and Disclosures Hearing
----------------------------------------------------------
Judge Enrique S. Lamoutte Inclan of the U.S. Bankruptcy Court for
the District of Puerto Rico conditionally approved Oncology
Institute of Puerto Rico P.S.C.'s disclosure statement with respect
to a chapter 11 plan filed on July 17, 2017.

August 22, 2017, at 10:00 A.M. is fixed for the hearing on final
approval of the disclosure statement and for the hearing on
confirmation of the plan.

Three days prior to the hearing is fixed as the last day for filing
written acceptances or rejections to the plan.

Three days prior to the hearing is fixed as the last day for filing
and serving written objections to the disclosure statement and
confirmation of the plan.

           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.


OSAGE MASONRY: Revere Partners Buying All Assets for $35K
---------------------------------------------------------
Osage Masonry Holdings, LLC, asks the U.S. Bankruptcy Court for the
Western District of Missouri to authorize the sale of substantially
all assets other than in the ordinary course of business to Revere
Partners, LLC for $35,000.

The assets of the Debtor's bankruptcy estate consist primarily of
masonry equipment.

Pursuant to the terms of the Asset Purchase Agreement, Revere
Partners will purchase the Assets for $35,000 in an "as is"
condition, free and clear of liens and encumbrances.  To the extent
that the mortgages, liens, pledges, hypothecations, security
interests, charges, encumbrances, claims and interests are valid
and not avoidable, they will follow the proceeds of said sale.  The
Contract further provides that closing will occur no later than
Aug. 31, 2017.  The Debtor has not proposed an auction process
because it is not aware of any other interested bidders, and the
Buyer has required a closing by Aug. 31, 2017.

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

   http://bankrupt.com/misc/Osage_Masonry_50_Sales.pdf

The Assets are subject to the liens of the Internal Revenue
Service, which liens will attach to the proceeds of this sale.  The
Debtor asks that, upon closing of the Contract, all sale proceeds
to be held in Debtor Counsel's Trust Account pending further order
of the Court.

The Debtor has engaged in an intensive effort for approximately one
year to find a purchaser for the Assets who is both willing and
able to pay a sufficient price for the Assets.  It believes this
sale is in the best interests of the Chapter 11 estate and its
creditors, is proposed in good faith and is supported by a
substantial business justification.  The sale to Revere Partners
should result in partial satisfaction of the debt due the IRS.
Accordingly, the Debtor asks the Court to approve the relief
sought.

The Purchaser:

          REVERE PARTNERS, LLC
          Attn: Carmine Di Palo
          4121 W. 83 St., Ste 151
          Prairie Village, KS 66208

Counsel for the Debtor:

          Colin N. Gotham, Esq.
          7225 Renner Road, Suite 200
          Shawnee, KS 66217
          Telephone: (913) 962-8700
          Facsimile: (913) 962-8701
          E-mail: cgotham@emlawkc.com

                  About Osage Masonry Holdings

Osage Masonry Holdings, LLC, a masonry company based in Parkville,
Missouri, sought protection under Chapter 11 of the Bankruptcy
Code
(Bankr. W.D. Mo. Case No. 17-50080) on Feb. 28, 2017.  

Colin N. Gotham, Esq., at Evans & Mullinix, P.A., serves as the
Debtor's bankruptcy counsel.

At the time of the filing, the Debtor estimated assets of less
than
$100,000 and liabilities of less than $1 million.


OTS CAPITAL: Tartan Buying McDonough Property for $1 Million
------------------------------------------------------------
Judge Lisa Ritchey Craig of the U.S. Bankruptcy Court for the
Northern District of Georgia will convene a hearing on Aug. 15,
2017 at 10:15 a.m. to consider OTS Capital Partners, LLC's sale of
a 6.371 acre tract ("Tract I") located at 775 Highway 42 North,
McDonough, Henry County, Georgia, outside the ordinary course of
business to Tartan Holdings, LLC, for $1,050,000.

The Debtor owns and operates a firearm store, practice range, and
other real property at the Property.

Touchmark National Bank asserts a first priority lien on the
Property in the approximate amount of $1,349,000,
cross-collateralized with the Debtor's other real and personal
property, including proceeds, inventory, business accounts, and
revenue derived therefrom.  Pursuant to the Cash Collateral Order,
entered by the Court on Dec. 21, 2016, the Debtor payed Touchmark
monthly adequate protection payments equal to the principal and
interest payment at the non-default rate under the prepetition
promissory note, in the amount of $19,201 per month, from the
Petition Date through March 2017.

Pursuant to the Court's Order Granting Debtor's Motion to Sell
Property Other Than in the Ordinary Course of Business entered
January 27, 2017, Touchmark reamortized the Debtor's Note following
sale of the Debtor's undeveloped land located at 1477 Highway 20,
McDonough, Henry County, Georgia.  Pursuant to the reamortization,
the Debtor's current adequate protection payment to Touchmark is
$9,660.

The Debtor and the Purchaser entered into the Commercial Sales
Agreement for the sale and purchase of Tract I.  On t May 16, 2017,
by virtue of the First Addendum to the Agreement, the Agreement was
amended to change the Inspection Period.  

Pursuant to the Agreement, Purchaser will pay $1,050,000 for Tract
I.  The net sale proceeds will be paid to Touchmark at closing to
reduce the balance of the Note.  Touchmark has agreed to the
proposed sale of Tract I and has agreed to further reamortize the
Note and modify the Cash Collateral Order to reduce the adequate
protection payments accordingly.  In connection with the sale of
Tract I, the closing broker will receive a 6% commission of the
total sale price.  The Debtor's counsel and Touchmark's counsel are
in contact with the holders of junior encumbrances and expect to
resolve them by the time of closing.

Tract I is valued at not less than $637,100, and the Purchaser is
paying a premium for Tract I due to an anticipated change in
zoning.  The proposed sale of Tract I will close no later than
Sept. 15, 2017, pursuant to the terms of the Agreement.

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

      http://bankrupt.com/misc/OTS_Capital_107_Sales.pdf

The proposed sale is in the best interest of the Debtor's
bankruptcy estate and all creditors and parties in interest, as
reamortization of the Note will result in a substantially lower
adequate protection payment, which will put Debtor in a position to
fund a plan of reorganization with a substantial dividend to
unsecured creditors.  The sale of Tract I also makes sound business
sense.  The tract is not integral to the operations of the gun
range, and the Purchaser's intended use of the Property and
structures is a higher and better use of the land and structures
than Debtor's current use.  The Purchaser's intended use of the
Property will not interfere with the operations of the gun range.
Accordingly, the Debtor asks the Court to approve the relief
requested.

The Purchaser:

          TARTAN HOLDINGS, LLC
          43 Bellamy Court
          Stockbridge, GA 30281
          Attn: Aaron Skalka

The Broker:

          KING INDUSTRIAL REALTY, INC.
          1920 Monroe Drive
          Attn: Bryan Marshburn
          Telephone: (404) 942-2044
          E-mail: bmarshburn@kingindustrial.com


The Escrow Agent:

          KING INDUSTRIAL REALTY, INC.
          Attn: Robert Stephens
          Telephone: (404) 942-2076
          E-mail: bstephens@kingindustrial.com

                 About OTS Capital Partners

OTS Capital Partners, LLC, based in 616 Elliott Rd., McDonough,
Georgia, filed a Chapter 11 petition (Bankr. N.D. Ga. Case No.
16-70357) on Nov. 11, 2016.  The petition was signed by Dan C.
Fort, authorized representative.  The Debtor is represented by
William A. Rountree, Esq., Macey, Wilensky & Hennings, LLC.  At
the time of filing, the Debtor estimated $1 million to $10 million
in
both assets and liabilities.


OUTFRONT MEDIA: Egan-Jones Cuts Sr. Unsec. Rating to BB-
--------------------------------------------------------
Egan-Jones Ratings Company, on June 15, 2017, lowered the senior
unsecured ratings on debt issued by Outfront Media Inc. to BB- from
BB+.

Based in New York, OUTFRONT Media Inc. operates as a real estate
investment trust in the United States and Canada. The company
provides advertising space on out-of-home advertising structures
and sites. Its portfolio primarily consists of billboard displays,
which are principally located on the heavily traveled highways and
roadways; and transit advertising displays operated under
multi-year contracts with municipalities in various cities across
the United States and Canada. The company was formerly known as CBS
Outdoor Americas Inc. and changed its name to OUTFRONT Media Inc.
in November 2014.



PACHECO BROTHERS: Unsecureds to Recover 30% Under Plan
------------------------------------------------------
Pacheco Brothers Gardening, Inc., filed with the U.S. Bankruptcy
Court for the Northern District of California a combined plan of
reorganization and disclosure statement dated July 19, 2017.

Class 9 General Unsecured Claims are impaired under the Plan.
Holders of General Unsecured Claims will be paid 30% of their
allowed claims, paid over 60 months in quarterly payments
commencing 90 days after the Effective Date, and continuing every
90 days thereafter for a total period of 60 months.

The Plan will be funded through capital infusion by Tom Del Conte,
TDDC Ventures LLC and Vison Recycling, Inc., or any related
affiliates, accumulated cash reserves of the Debtor and the
continued operation of the Reorganized Debtor.

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

           http://bankrupt.com/misc/canb17-40403-103.pdf

                About Pacheco Brothers Gardening

Pacheco Brothers Gardening Inc. provides commercial landscape
maintenance, landscape installation, turf renovation and irrigation
projects.  It has been in business for over 35 years. The majority
of the Company's business involves a wide variety of services
ranging from mowing and trimming to irrigation repairs and
troubleshooting.  It has a number of East Bay municipal and public
agency accounts as well as a mix of homeowner association,
commercial accounts and school district accounts.  

Pacheco Brothers Gardening filed for Chapter 11 bankruptcy
protection (Bankr. N.D. Cal. Case No. 17-40403) due to financial
pressure brought on by several factors, including litigation cost
relating to Tom Del Conte and TDDC Ventures LLC v. Pacheco Brothers
Gardening, Inc., et al., Case No. HG15797608, currently pending in
Alameda County Superior Court, unpaid vendors and operational
difficulty due to its debt structure.

At the time of the petition filing, the Debtor disclosed $1.36
million in assets and $2.78 million in liabilities.  The petition
was signed by Lynn Pacheco, secretary.  The case is assigned to
Judge William J. Lafferty.


PETSMART INC: Bank Debt Trades at 6% Off
----------------------------------------
Participations in a syndicated loan under Petsmart Inc is a
borrower traded in the secondary market at 94.35
cents-on-the-dollar during the week ended Friday, July 21, 2017,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents an increase of 0.30 percentage points from the
previous week.  Petsmart Inc pays 300 basis points above LIBOR to
borrow under the $4.246 billion facility. The bank loan matures on
March 10, 2022 and carries Moody's Ba3 rating and Standard & Poor's
B+ rating.  The loan is one of the biggest gainers and losers among
247 widely quoted syndicated loans with five or more bids in
secondary trading for the week ended July 21.


PHH CORP: Egan-Jones Cuts Sr. Unsecured Ratings to CCC+
-------------------------------------------------------
Egan-Jones Ratings Company, on June 6, 2017, raised the longterm
senior unsecured debt rating on debt issued by PHH Corp to B- from
CCC+.

Earlier, on June 5, 2017, EJR downgraded the longterm and short
term senior unsecured ratings on PHH Corp. to CCC+ from B-.

The PHH Corporation is an American financial services corporation
headquartered in Mount Laurel, New Jersey, which provides mortgage
services to some of the world's largest financial services firms.



PHILI EQUITIES: Sets Bid Procedures for Philadelphia Property
-------------------------------------------------------------
Phili Equities, LLC, asks the U.S. Bankruptcy Court for the Eastern
District of New York to authorize the bidding procedures in
connection with the sale of commercial real property located at
7618-7625 Ogontz Avenue, Philadelphia, Pennsylvania, at auction.

A hearing on the Motion is set for Aug. 29, 2017 at 10:30 a.m.  The
objection deadline is Aug. 22, 2017 at 4:00 p.m. (PET).

The Debtor operates owns and operates the Property.  The premises
consist of 3 contiguous properties with 6 commercial tenants.  

On Nov. 14, 2016, the Debtor filed a Chapter 11 Plan of
Reorganization.  It will be updating its plan to conform to the
instant application as well as filing a disclosure statement and
intends for the contemplated sale to be a sale through a Plan of
Reorganization.

On December 22, 2016, the Court entered an Order Setting a Bar Date
To File Proofs of Claim and Approving the Form and Manner of

Notice with the Bar Date being Feb. 14, 2017.  That motion was
resolved by the Stipulation.

On Jan. 5, 2017, Ogontz Property Holdings, LLC ("OPH") filed a
Motion to Dismiss Case or Alternatively for Relief from Stay; and
Prohibiting Use of Cash Collateral.  That motion was resolved by
Stipulation and Order dated March 3, 2017.  Pursuant to the
Stipulation the Debtor was given permission to use cash collateral
subject to its staying current with various costs and expenses of
the Property.  There has been some dispute as to whether the Debtor
has complied with the terms of the Stipulation which has resulted
in litigation before the Bankruptcy Court.  The Debtor has very few
unsecured or priority creditors.

The lien and interest holders will be adequately protected, because
their liens and/or interests will attach to the net proceeds of the
sale, subject to any claims and defenses the Debtor may possess
with respect thereto.  Although OPH mortgage is greater than the
floor being set by the Debtor, the Debtor nevertheless believes
that such a floor will attract a larger number of bidders.  The
issue of OPH's right to credit bid the full amount of its mortgage
will be the subject of separate application or stipulation.

The Debtor proposes to sell the Property free and clear of all
liens, claims, encumbrances, security interests and other charges,
if any, which will attach to the proceeds of the sale.  It does not
presently have a stalking horse contract, and rather than spend the
time in obtaining one, the Debtor believes that an absolute auction
without a stalking horse, but with a floor as a minimum bid price
would be a more efficient way to proceed.  Such an absolute auction
will meet the requirements of section 363 of the sale being subject
to higher and better offers.  The Debtor will also do marketing
prior to the auction to ensure a broad array of potential bidders.
It will be seeking to take advantage of Section 1146(a) of the Code
which is the transfer tax exemption for a sale pursuant to a plan.

The salient terms of the Bidding Procedures are:

    a. Bid Deadline: 45 days from entry of Bid Procedures Order

    b. Qualified Bid: $900,000

    c. Bid Deposit: 10% of the purchase price

    d. Auction: (TBD) not to exceed 10 business days after the Bid
Deadline

    e. Bid Increments: $25,000

    f. Sale Hearing: It will be held at a date and time established
by the Court in the Bidding Procedures Order.

A copy of the Bidding Procedures attached to the Notice is
available for free at:

          http://bankrupt.com/misc/Phili_Equities_80_Sales.pdf

The Debtor asks the Court to waive the 14-day stay under Bankruptcy
Rule 6004(h).

                      About Phili Equities

Phili Equities, LLC, a single asset real estate business based in
543 Bedford Avenue, Suite 214, Brooklyn, New York, filed a Chapter
11 bankruptcy petition (Bankr. E.D.N.Y. Case No. 16-44102) on Sept.
14, 2016.  The petition was signed by Chaim Landau, managing
member.  The Debtor estimated $1 million to $10 million in both
assets and liabilities at the time of the filing.  The case is
assigned to Judge Elizabeth S. Stong.  The Debtor is represented by
David Carlebach, Esq., at The Law Office of David Carlebach, Esq.


PILGRIM MEDICAL: Cullen and Dykman Awarded $50K for Fees, Expenses
------------------------------------------------------------------
Cullen and Dykman filed an application for the award of fees and
expenses it incurred in connection with its representation of the
Official Committee of Unsecured Creditors in the Chapter 11 cases
of Pilgrim Medical Center, Inc. and Nicholas V. Campanella,
Pilgrim's principal.

Judge Vincent F. Papalia of the U.S. Bankruptcy Court for the
District of New Jersey overruled most of Pilgrim's objections and
awarded C&D $50,504 in fees and $253.33 in expenses, or a total of
$50,757.33.

Debtors argue that none of C&D's fees and expenses relating to
Pilgrim should be allowed because C&D was never officially retained
in the Pilgrim case. C&D did, however, file an application to be
retained as counsel to the Committee on Oct. 13, 2016. Like the
Campanella application, the Pilgrim application sought nunc pro
tunc authorization of C&D's retention to the Committee's formation
on Sept. 28, 2016. The Pilgrim retention application was objected
to by Debtors and was originally scheduled to be heard on Nov. 15,
2016, and then adjourned to Nov. 29, 2016. In the interim, on Nov.
16, 2016, the U.S. Trustee determined to disband the Committee.
Thus, since there was no Committee at the time, the application to
retain C&D was determined to be moot and was not ruled upon by the
Court. On Nov. 18, 2016, two days after the Committee was
disbanded, C&D filed an application to reinstate the Committee or,
alternatively, appoint an Official Committee of Employment
Discrimination Claimants.

That motion was also never heard or decided because the parties
had, in the interim, entered into mediation and settlement
discussions, which ultimately resulted in an agreement to resolve
the issues between the parties. Additionally, as was previously
noted, on Nov. 2, 2017, while C&D’s retention application in the
Pilgrim case was pending, an order was entered providing for the
joint administration of the Pilgrim and Campanella cases as the
result of a motion by the Committee.

Against this factual backdrop, the Debtors seek to deny C&D's fees
and expenses for all matters relating to Pilgrim. While it is
generally true that Court approval of a professional's retention is
required for that professional to be compensated, this Court finds
that under the extraordinary circumstances of this case, C&D’s
retention as the Committee’s professionals will be approved nunc
pro tunc to Sept. 28, 2016, when the Committee was formed. The
Court makes this determination as a matter of law and of equity, as
it would be inherently unfair to disallow any fees or expenses to
C&D for services relating to Pilgrim in these circumstances.

The Debtors also object to much of the compensation and expenses
sought by C&D as necessary, duplicative and not benefitting the
estate. More specifically, the Debtors allege that C&D's time was
improperly spent by:

   -- exerting pressure on Dr. Campanella by seeking discovery from
him and his family to gain advantage for the judgment creditors;

   -- defending itself against disbandment; protecting itself
against conflicts;

   -- any time sheet researching fraudulent transfers;

   -- the Committee had no diversity, served only its own agenda
and did not provide adequate representation.

Except with respect to fees incurred in researching and resolving
its own conflicts issues, this Court disagrees with the Debtors
arguments and finds that the Committee did exactly what it was
supposed to do in asserting the interests of its constituents, to
their direct and demonstrable benefit.

The Debtors' objection that the Committee had no diversity, served
only itself and did not provide adequate compensation, are also
overruled. The Committee is required to serve its own interests, so
that is not a valid objection.

As to services rendered in protecting the Committee from
disbandment and defending C&D's retention, the Court finds for the
same reasons that these services were necessary and beneficial to
the estate. The Plaintiffs and the Committee were the focus of this
case from the beginning and the reason these otherwise very solvent
Debtors filed for bankruptcy protection.

The area that the Court does find C&D's fees to be noncompensable
is for services that relate to its own internal conflicts checks,
resolution of conflicts issues,  and preparation of related
pleadings.

Similarly overruled are Debtors' general objections that time spent
on certain services was unnecessary, excessive or duplicative. The
Court has carefully reviewed the challenged entries and does not
find them unnecessary, duplicative or excessive in the
circumstances.

For all these reasons, C&D's retention by the Committee is approved
nunc pro tunc to Sept. 28, 2016, and its application for fees and
expenses is allowed as follows:

   Applicant           Fees                     Expenses           
                                               
   ---------           ----                     --------
   Cullen and Dykman   $53,429.00 (sought)      $489.53 (sought)
                       $2,925.00 (disallowed)   $236.20
(disallowed)
   Allowed:            $50,504.00               $253.33

An implementing Order accompanies this Opinion.

A full-text copy of Judge Papalia's Order dated July 26, 2017, is
available at:

       http://bankrupt.com/misc/njb16-15414-13.pdf

Counsel for Debtors:

     David L. Stevens, Esq.
     SCURA, WIGFIELD, HEYER, STEVENS & CAMMAROTA, LLP
     1599 Hamburg Turnpike
     Wayne, NJ 07470

Counsel for Nicholas V. Campanella:

     Jerome M. Douglas, Esq.
     LAW OFFICES OF JEROME M. DOUGLAS, LLC
     1600 Route 208 North
     P.O. Box 670
     Hawthorne, NJ 07507

Counsel for Official Committee of Unsecured Creditors:

     David Edelberg, Esq.
     CULLEN and DYKMAN LLP
     422 Hackensack Avenue
     Hackensack, NJ 07601
     ddelberg@cullenanddykman.com

               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.


PITTSFIELD DEVT: Plan Filing Deadline Extended Through Oct. 24
--------------------------------------------------------------
Jacqueline P. Cox of the U.S. Bankruptcy Court for the Northern
District of Illinois issued an order extending the Pittsfield
Development LLC's exclusive period to file a Chapter 11 Plan until
Oct. 24, 2017.

                  About Pittsfield Development

Pittsfield Development LLC, owner of approximately one-third of the
Pittsfield Building at 55 East Washington, Chicago, filed a Chapter
11 bankruptcy petition (Bankr. N.D. Ill. Case No. 17-09513) on
March 26, 2017.  Robert Danial, its manager, signed the petition.
The Debtor disclosed total assets of $2.34 million and total
liabilities of $8.76 million.

The Hon. Jacqueline P. Cox presides over the case.  Factor Law
serves as counsel to the Debtor.  The Debtor tapped Kenneth W.
Pilota P.C. as special real estate tax counsel; and Imperial Realty
Company, as real estate broker.


PLASCO TOOLING: PTEC Holdings Buying All Assets for $3.3M
---------------------------------------------------------
Plasco Tooling & Engineering Corp. asks the U.S. Bankruptcy Court
for the Eastern District of Michigan to authorize bidding
procedures and stalking horse agreement with PTEC Holdings, Inc. in
connection with the sale of substantially all assets for
$3,300,000, subject to overbid.

Before the Petition Date, the Debtor engaged Angle Advisors, LLC,
as its investment banker for the purpose of attempting to sell
either the Debtor or substantially all of its assets as a going
concern.

Angle has been marketing a potential sale of the Debtor or its
assets on a going-concern basis to potential buyers in the
aerospace industry since June 2016.  Angle has approached both
strategic and financial buyers.  Although several buyers expressed
interest and conducted substantial due diligence, the Debtor did
not receive any offer that it deemed acceptable until immediately
before the Petition Date.

In April, 2017, Angle contacted 3P Equity Partners, LLC, and 3P
expressed interest in acquiring the Debtor's assets.  After
substantial arm's-length negotiations spanning both prepetition and
postpetition periods, on July 5, 2017, the Debtor signed a letter
of intent with 3P and Silver Sail Capital, LLC providing for the
sale of the Debtor's assets, subject to Bankruptcy Court approval
and numerous other terms and conditions, for the purchase price of
$3,300,000.

Among the terms of the requirements of the letter of intent was a
requirement that the Debtor's sole owner, John Zuccarini,
contribute
all intellectual property owned by Mr. Zuccarini that is used in
the operation of the Seller's business, including, without
limitation, any and all patents held in Mr. Zuccarini's name, and
any and all rights associated therewith.  In compliance with this
requirement, Mr. Zuccarini agreed to contribute patent number
6247222 to the Debtor.

The Debtor continued negotiations with 3P and, on July 24, 2017,
entered into the Stalking Horse Purchase Agreement with PTEC, a
newly formed entity affiliated with 3P.

Mr. Zuccarini has negotiated a separate employment agreement with
the Stalking Horse or an affiliate of Stalking Horse, which will be
provided to the Lenders and Committee on reasonable request.  The
execution of an employment agreement is not a condition for any
potential purchasers to bid under the terms of the sale procedures.
To the best of the Debtor's knowledge, Stalking Horse intends to
re-locate the Purchased Assets and will not enter into an agreement
to purchase or lease facilities owned by Mr. Zuccarini currently
occupied by the Debtor.

The material terms of the Stalking Horse Purchase Agreement are:

    a. The Purchased Assets are all of the assets of the Debtor
that constitute property of the Debtor's bankruptcy estate pursuant
to Section 541 of the Bankruptcy Code, including, without
limitation, all accounts receivable, inventory, equipment,
intellectual property and intangible assets, and certain contracts
and equipment leases designated by the Purchaser, computer hardware
and software, files, records, and all other general intangibles
related to the operation of the Debtor's business, in each case,
other than the Excluded Assets.

    b. The Purchase Price is $3,300,000 in Good Funds, subject to
adjustment as follows: (i) the Stalking Horse may apply the Deposit
towards the Purchase Price, (ii) amounts received by Debtor on
account of the Purchased Assets up to the Closing, excepting cash
or other consideration received by the Debtor in respect of
accounts receivable through the Closing, except to the extent any
such cash or other consideration is designated or used to repay any
principal amounts owed to the Debtor's secured creditors; and (iii)
application of the Holdback Amount based on the Eligible Accounts
Receivable Amount as of Closing.

    c. The Holdback Amount is $350,000.

    d. The Deposit is $75,000, refundable if Stalking Horse is not
in breach as set forth in Articles 4 and 15.

          e. Assumed Liabilities are limited to (i) all Liabilities
of the Debtor with respect to the Purchased Assets which accrue and
are to be performed from and after the Closing under the Assumed
Contracts which relate to time periods or goods or services
provided to or by Purchaser after the Closing; and (ii) all
Liabilities of the Debtor to the extent required pursuant to the
Bankruptcy Code as a precondition in order to allow the Debtor to
assign the Assumed Contracts to Purchaser in accordance with the
terms of the Stalking Horse Purchase Agreement (including cure
payments).

          f. The Breakup Fee is 2% of the Purchase Price.

          g. The Expense Reimbursement is not to exceed $100,000.

          h. The Stalking Horse Purchase Agreement requires that a
sale hearing be held no later than Sept. 1, 2017 and that Closing
on the sale must occur no later than Sept. 18, 2017.

          i. The Stalking Horse Purchase Agreement includes
procedures for the Debtor to assume executory contracts and
unexpired leases and assign such contracts and leases to the
Stalking Horse, consistent with the procedures.

          j. The Stalking Horse Purchase Agreement contains
numerous additional terms and conditions including, but not limited
to, representations and warranties by the Debtor and the Stalking
Horse, conditions on the Stalking Horse's obligation to close,
disclaimer of various warranties by the Debtor, and termination and
breach provisions.

The salient terms of the Bidding Procedures are:

          a. Bid Deadline: Aug. 25, 2017 at 5:00 p.m. (PET)

          b. Deposit: $75,000

          c. Minimum Bid: A bid, or a combination of bids, for the
assets that aggregate to a purchase price at least equal to
$100,000 more than the sum of the Purchase Price, the Breakup Fee
and the Expense Reimbursement.

          d. Baseline Bid: Bidding at the Auction will commence
with the highest Qualified Bid

          e. Bid Increments: $50,000

          f. Auction/Assumption/Assignment Objections
Deadline/Objection Deadline for Sale Objections: Aug. 29, 2017

          g. Sale Hearing: no later than Sept. 1, 2017

A copy of the Stalking Horse APA and the Bidding Procedures
attached to the Motion is available for free at:

      http://bankrupt.com/misc/Plasco_Tooling_78_Sales.pdf

The sale procedures and Stalking Horse APA provide for the sale of
the Purchased Assets free and clear of all liens, claims and
interests.

Three business days after the entry of the Order, the Debtor will
serve on the counterparties the Assumption and Assignment Notice.
The counterparties to the Assumed Contracts and Assumed Leases must
file at least three business days prior to the Auction.  The
Successful Purchaser will provide a notice to each counterparty of
assumption and assignment and will pay the Pre-Petition Cure Amount
within 30 days after the date of the closing of the sale of the
Purchased Assets.

Sale of substantially all the Debtor's assets at this time is in
the best interests of the Debtor, its estate and creditors because
Debtor cannot confidently project profitable operations after
mid-September, or even the ability to continue ordinary course
operations.  If Debtor were to cease operations, its assets would
be liquidated without any going concern value.  Based on
prepetition and post-petition marketing activities and inquiries,
Debtor is highly confident that a liquidation after cessation of
business will result in proceeds substantially lower than the
Purchase Price set forth in the Stalking Horse APA.  The Debtor
submits that a substantial risk to its ability to continue
operations constitutes a sound business reason for the sale of
substantially all assets.  Accordingly, the Debtor asks the Court
to approve the relief requested.

The Purchaser:

          PTEC HOLDINGS, INC.
          c/o 3P Equity Partners, LLC
          3031 Tisch Way, Suite 130
          San Jose, CA 95128
          Attn: Leonid Perelman
          Facsimile: (844) 274-0884
          E-mail: leonidp@3pequity.com

The Purchaser is represented by:

          Daniel Dubelman, Esq.
          SUTTON, PAKFAR AND COURTNEY LLP
          450 N. Roxbury Drive
          Suite 700
          Beverly Hills, CA 90210
          Facsimile: (310) 275-0801
          E-mail: ddubelman@spcllp.com

                 - and -

          LEVENE, NEALE, BENDER, YOO & BRILL L.L.P.
          10250 Constellation Boulevard, Suite 1700
          Los Angeles, CA 90067
          Facsimile: (310) 229-1244
          E-mail: DLN@LNBYB.COM

    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.


PORTER BANCORP: Reports 2nd Quarter 2017 Net Income of $1.7M
------------------------------------------------------------
Porter Bancorp, Inc., parent company of PBI Bank, reported
unaudited results for the second quarter of 2017.  Net income
available to common shareholders for the second quarter of 2017 was
$1.7 million, or $0.27 per basic and diluted common share, compared
with $979,000, or $0.17 per basic and diluted share, for the second
quarter of 2016.  Net income available to common shareholders for
the six months ended June 30, 2017, was $3.3 million, or $0.54 per
diluted common share, compared with net income available to common
shareholders of $2.4 million, or $0.43 per diluted share, for the
six months ended June 30, 2016.

As of June 30, 2017, Porter Bancorp had $954.45 million in total
assets, $916.06 million in total liabilities and $38.39 million in
total stockholders' equity.

As compared to the same period in 2016, the Company's performance
for the quarter and six months ended June 30, 2017, reflected
several positive developments, including:

   * Improved net interest income and net interest margin

   * Continued improvement in asset quality trends and growth in
     the loan portfolio

   * Improved deposit service charges and interchange fee income

   * Continued reductions in non-interest expenses

   * Completion of a $10.0 million senior debt transaction and
     capital contribution of $9.0 million to PBI Bank

Net interest income before provision expense increased to $7.6
million for the second quarter of 2017, compared with $7.2 million
in the second quarter of 2016.  Average loans increased to $654.8
million for the second quarter of 2017, compared with $619.3
million in the second quarter of 2016.  Net interest margin
increased to 3.42% in the second quarter of 2017, compared with
3.34% in the second quarter of 2016.

The Company's yield on earning assets increased to 4.11% in the
second quarter of 2017, compared to 4.03% in the second quarter of
2016.  Its cost of funds was 0.80% in the second quarter of 2017,
compared to 0.79% in the second quarter of 2016.

There was no provision for loan losses in the first or second
quarter of 2017.  Ongoing improvements in asset quality and
management's assessment of risk in the loan portfolio led to a
negative provision for loan losses of $600,000 for the second
quarter of 2016.

The allowance for loan losses to total loans was 1.36% at June 30,
2017, compared to 1.62% at June 30, 2016.  The reduced level of the
allowance in 2017 compared to 2016 was primarily driven by
declining charge-off levels, growth in the portfolio, and improving
trends in credit quality.  Net loan charge-offs were $82,000 for
the first six months of 2017, compared to $787,000 for the first
six months of 2016.  The allowance for loan losses for loans
evaluated collectively for impairment was 1.33% at June 30, 2017,
and 1.66% at June 30, 2016.

Non-performing assets, which include loans past due 90 days and
still accruing, loans on nonaccrual, and other real estate owned,
decreased to $12.8 million, or 1.34% of total assets at June 30,
2017, compared with $14.7 million, or 1.56% of total assets at
March 31, 2017, and $23.9 million, or 2.61% of total assets at June
30, 2016.

Non-performing loans decreased to $6.5 million, or 0.99% of total
loans at June 30, 2017, compared with $8.1 million, or 1.22% of
total loans at March 31, 2017, and decreased from $11.6 million, or
1.86% of total loans at June 30, 2016. The decrease from the
previous quarter was primarily driven by $1.9 million in principal
payments received on nonaccrual loans.  OREO at June 30, 2017,
decreased to $6.3 million, compared with $6.6 million at March 31,
2017, and $12.3 million at June 30, 2016.  The Company acquired
$40,000 in OREO and sold $320,000 in OREO during the second quarter
of 2017.  There were no fair value write-downs arising from lower
marketing prices or new appraisals in the first six months of 2017,
compared with $650,000 in the first six months of 2016.

Non-interest income for the second quarter of 2017 decreased
$45,000 to $1.1 million compared with $1.2 million for the second
quarter of 2016.  The decrease from the second quarter of 2016 was
primarily due to reductions in OREO income of $149,000 as income
producing OREO has been sold and no income was collected in the
second quarter of 2017.  This reduction was partially offset by
increases in service charges on deposit accounts and bank card
interchange fees of $75,000 and $34,000, respectively, compared to
the second quarter of 2016.

Non-interest expense decreased $950,000 to $7.0 million for the
second quarter of 2017, compared with $7.9 million for the second
quarter of 2016.  The decrease from the second quarter of 2016 was
primarily due to a reduction in OREO expenses of approximately
$297,000, a reduction of professional fees of $251,000, a reduction
of litigation and loan collection expenses of $231,000, and a
reduction of FDIC insurance expense of $136,000.

On June 30, 2017, the Company entered into a $10.0 million senior
secured loan agreement with a commercial bank. The loan matures on
June 30, 2022.  Interest is payable quarterly at a rate of
three-month LIBOR plus 250 basis points through June 30, 2020, at
which time quarterly principal payments of $250,000 plus interest
will commence.  The loan is secured by a first priority pledge of
100% of the issued and outstanding stock of PBI Bank.  The Company
may prepay any amount due under the promissory note at any time
without premium or penalty.

The Company contributed $9.0 million of the borrowing proceeds to
PBI Bank as Common Equity Tier 1 Capital.  The remaining $1.0
million of the borrowing proceeds were retained by the lender in
escrow to service quarterly interest payments.

At June 30, 2017, PBI Bank's Tier 1 leverage ratio was 7.54%,
compared with 6.37% at March 31, 2017, and its Total risk-based
capital ratio was 11.50% at June 30, 2017, compared with 9.89% at
March 31, 2017, which are below the minimums of 9.0% and 12.0%
required by the Bank's Consent Order.

At June 30, 2017, Porter Bancorp's leverage ratio was 5.65%,
compared with 5.43% at March 31, 2017, and its Total risk-based
capital ratio was 10.44%, compared with 10.15% at March 31, 2017.
At June 30, 2017, PBI Bank's Common equity Tier I risk-based
capital ratio was 9.97%, and Porter Bancorp's Common equity Tier I
risk-based capital ratio was 5.58%.

The Company's ability to utilize deferred tax assets depends upon
generating sufficient future levels of taxable income.  The
determination to restore a deferred tax asset and eliminate a
valuation allowance depends upon the evaluation of both positive
and negative evidence regarding the likelihood of achieving
sufficient future taxable income levels.  The Company established a
valuation allowance for all deferred tax assets as of Dec. 31,
2011, and the valuation allowance remains in effect as of June 30,
2017.

Under Section 382 of the Internal Revenue Code, as amended, the
Company's net operating loss carryforwards and other deferred tax
assets can generally be used to offset future taxable income and
therefore reduce federal income tax obligations.  However, the
Company's ability to use its NOLs would be limited if there was an
"ownership change" as defined by Section 382.  This would occur if
shareholders owning (or deemed to own under the tax rules) 5% or
more of the Company's voting and non-voting common shares increase
their aggregate ownership of the Company by more than 50 percentage
points over a defined period of time.

In 2015, the Company took two measures to preserve the value of its
NOLs.  First, the Company adopted a tax benefits preservation plan
designed to reduce the likelihood of an "ownership change"
occurring as a result of purchases and sales of the Company's
common shares.  Any shareholder or group that acquires beneficial
ownership of 5% or more of the Company could be subject to
significant dilution in its holdings if the Company's Board of
Directors does not approve such acquisition.  Existing shareholders
holding 5% or more of the Company will not be considered acquiring
persons unless they acquire additional shares, subject to certain
exceptions described in the plan.  In addition, the Board of
Directors has the discretion to exempt certain transactions and
certain persons whose acquisition of securities is determined by
the Board not to jeopardize the Company's deferred tax assets.  The
rights will expire upon the earlier of (i) June 29, 2018, (ii) the
beginning of a taxable year with respect to which the Board of
Directors determines that no tax benefits may be carried forward,
(iii) the repeal or amendment of Section 382 or any successor
statute, if the Board of Directors determines that the plan is no
longer needed to preserve the tax benefits, and (iv) certain other
events as described in the plan.

On Sept. 23, 2015, the Company's shareholders approved an amendment
to the Company's articles of incorporation to further help protect
the long-term value of the Company's NOLs.  The amendment provides
a means to block transfers of the Company's common shares that
could result in an ownership change under Section 382.  The
transfer restrictions will expire on the earlier of (i) Sept. 23,
2018, (ii) the beginning of a taxable year with respect to which
the Board of Directors determines that no tax benefit may be
carried forward, (iii) the repeal of Section 382 or any successor
statute if the Company's Board determines that the transfer
restrictions are no longer needed to preserve the tax benefits of
our NOLs, or (iv) such date as the Board otherwise determines that
the transfer restrictions are no longer necessary.

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

                     https://is.gd/Jq9zSJ

Porter Bancorp posted an investor presentation slide deck to its
website on Wednesday, July 26, 2017, a copy of which is available
for free at https://is.gd/bL2Wpk  

                   About Porter Bancorp, Inc.

Porter Bancorp, Inc. (NASDAQ: PBIB) is a Louisville,
Kentucky-based bank holding company which operates banking centers
in 12 counties through its wholly-owned subsidiary PBI Bank.  The
Company's markets include metropolitan Louisville in Jefferson
County and the surrounding counties of Henry and Bullitt, and
extend south along the Interstate 65 corridor.  The Company serves
southern and south central Kentucky from banking centers in Butler,
Green, Hart, Edmonson, Barren, Warren, Ohio and Daviess counties.
The Company also has a banking center in Lexington, Kentucky, the
second largest city in the state.  PBI Bank is a traditional
community bank with a wide range of personal and business banking
products and services.

Porter Bancorp reported a net loss of $2.75 million on $35.60
million of interest income for the year ended Dec. 31, 2016,
compared to a net loss of $3.21 million on $36.57 million of
interest income for the year ended Dec. 31, 2015.

The Company said in its 2016 Annual Report that, "Regulatory
restrictions have limited our ability to pay interest on the
junior subordinated debentures that underlie our trust preferred
securities. If we cannot pay accrued and unpaid interest on these
securities for more than twenty consecutive quarters, we will be
in default."

"At December 31, 2016, we had an aggregate obligation of $21.4
million relating to the principal and accrued unpaid interest on
our four issues of junior subordinated debentures, which has
resulted in a deferral of distributions on our trust preferred
securities.  Although we are permitted to defer payments on these
securities for up to five years (and we commenced doing so in
2016), the deferred interest payments continue to accrue until
paid in full.  Our deferral period expires after the second quarter
of 2021."


PREMIER EXHIBITIONS: Gets Letters of Intent for Titanic Artifacts
-----------------------------------------------------------------
BankruptcyData.com reported that Premier Exhibitions confirmed in a
corporate release that the Company, as sole legal steward of the
RMS Titanic wreck site, received multiple letters of intent to
become the stalking horse bidder for acquisition of its operating
businesses and its assets, including the Titanic artifact
collection. The deadline for submission of letters of intent was
July 21, 2017. The Company and its official equity security holders
committee will assess the bidders' qualifications with intentions
to announce a designated party to become the stalking horse bidder
by September 25, 2017. In the event that an auction is to be
conducted, that will occur by November 20, 2017, at which time
other potential bidders will have the opportunity to bid against
the stalking horse bidder. The Titanic artifact collection consists
of the only artifacts ever recovered from the wreck of the RMS
Titanic and includes approximately 5,500 individual pieces that
have been recovered from the wreck site; ownership of video
footage, imagery and other intellectual and personal property and
the opportunity -- subject to U.S. District Court approval -- to be
designated "salvor-in-possession," permitting the owner exclusive
salvage rights. The portfolio of artifacts, with enhancements
recognizing the value of the intellectual property, was appraised
at $218 million in 2014.

                    About About RMS Titanic

Premier Exhibitions, Inc. (Nasdaq: PRXI), located in Atlanta,
Georgia, is a presenter of museum quality exhibitions throughout
the world.  Premier –-- http://www.PremierExhibitions.com/—-
develops and displays unique exhibitions for education and
entertainment including Titanic: The Artifact Exhibition,
BODIES…The Exhibition, Tutankhamun: The Golden King and the Great
Pharaohs, Pompeii The Exhibition, Extreme Dinosaurs and Real
Pirates in partnership with National Geographic.  The success of
Premier Exhibitions lies in its ability to produce, manage, and
market exhibitions.

RMS Titanic and seven of its subsidiaries filed voluntary petitions
for reorganization under Chapter 11 of the Bankruptcy Code (Bankr.
M.D. Fla. Lead Case No. 16-02230) on June 14, 2016. Former Chief
Financial Officer and Chief Operating Officer Michael J. Little
signed the petitions. The Chapter 11 cases are assigned to Judge
Paul M. Glenn.

The Debtors estimated both assets and liabilities of $10 million to
$50 million.

The Debtors are represented by Daniel F. Blanks, Esq. and Lee D.
Wedekind, III, Esq. at Nelson Mullins Riley & Scarborough LLP. The
Debtors employ Brian A. Wainger, Esq. at Kaleo Legal as special
litigation counsel, outside general counsel, securities counsel,
and conflicts counsel; Robert W. McFarland, Esq. at McGuireWoods
LLP as special litigation counsel; Steven L. Berson, Esq. at
Dentons US LLP and Dentons Canada LLP as outside general counsel
and securities counsel; Oscar N. Pinkas, Esq. at Dentons LLP as
outside general counsel and securities counsel.

The Debtors also employed Ronald L. Glass as Chief Restructuring
Officer and GlassRatner Advisory & Capital Group, LLC, as financial
advisors.

Guy Gebhardt, acting U.S. trustee for Region 21, on Aug. 24, 2016,
appointed three creditors to serve on the official committee of
unsecured creditors of RMS Titanic, Inc., and its affiliates. The
Committee hired Avery Samet, Esq. and Jeffrey Chubak, Esq. at
Storch Amini & Munves PC, and Richard R. Thames, Esq. and Robert A.
Heekin, Jr., Esq. at Thames Markey & Heekin, P.A. as counsel.

The official committee of equity security holders of Premier
Exhibitions Inc. hired Peter J. Gurfein, Esq. at Landau Gottfried &
Berger LLP as counsel; Jacob A. Brown, Esq. and Katherine C.
Fackler, Esq. at Akerman LLP as Co-Counsel; and Teneo Securities
LLC as financial advisor.  Lincoln Partners Advisors LLC has also
been tapped as financial advisor to the Equity Committee.


PRESBYTERIAN RETIREMENT: Fitch Affirms BB+ on 2016A/2016B Bonds
---------------------------------------------------------------
Fitch Ratings has affirmed the 'BB+' rating on the $117,905,000
Washington State Housing Finance Commission nonprofit housing
revenue and refunding revenue bonds (Presbyterian Retirement
Communities Northwest (PRCN) Projects) series 2016A and $10,885,000
Washington State Housing Finance Commission taxable nonprofit
housing revenue bonds (Presbyterian Retirement Communities
Northwest Projects) series 2016B.

In addition, Fitch has assigned a 'BB+' rating to the following
bonds:

-- $8,410,000 Washington State Housing Finance Commission
    nonprofit housing revenue and refunding revenue bonds (Skyline

    at First Hill Project), series 2015;

-- $7,160,000 Washington State Housing Finance Commission
    nonprofit housing revenue and refunding revenue bonds
    (Presbyterian Retirement Communities Northwest Project) series

    2013.

The series 2013 and 2015 bonds are parity indebtedness with the
series 2016 bonds, which was effective after the series 2016 bond
closing with the creation of a new obligated group (OG).

The Rating Outlook is Stable.

In October 2016, PRCN was renamed "Transforming Age" to better
reflect the organization's mission and values and plan to expand
its geographic reach and offer more senior housing options beyond
the Pacific Northwest.

SECURITY

The bonds are secured by a gross revenue pledge and mortgage pledge
of the OG.

KEY RATING DRIVERS

WELL-POSITIONED ORGANIZATION: The Transforming Age OG includes
three senior living facilities located in the Seattle metropolitan
area, which has strong service area characteristics. The
organization is under new leadership since 2014 and various
initiatives have been implemented to position Transforming Age for
long-term growth and financial improvement. Operating cash flow has
been solid and debt service coverage is good for the rating level.

OBLIGATED GROUP: The OG changed with the series 2016 financing and
currently includes three facilities: Parkshore, Skyline and Fred
Lind Manor. The bonds are issued under the 2013 MTI and the
outstanding series 2013 and 2015 (security substitution) became
parity indebtedness after the series 2016 bond closing. There are
funds outside the OG to fund non-OG activity, which included the
acquisition of eight affordable housing properties over the last
year. Management states that there is no planned support for non-OG
activity from the OG.

CAPITAL INVESTMENT: The series 2016 bonds provided $28.9 million of
new money to fund the upgrade of Parkshore's common spaces and
amenities, add memory care units and enhance its independent living
unit (ILU) mix. The project is currently on schedule and within
budget. Management is in the early stages of planning for an ILU
expansion at Skyline. Fitch has not incorporated this into the
current rating and will assess the impact on the rating when
project and financing plans are available.

GOOD OCCUPANCY: Skyline was a start-up continuing care retirement
community (CCRC) that opened in 2009 and after some initial
challenges, reached stabilization in November 2015 after the fill
of its new memory care units (converted from existing assisted
living units [ALU]). ILU occupancy is very strong and has been
above 95% over the last four years and was 96.5% through the six
months ended March 31, 2017. Parkshore's ILU occupancy has been
adequate (86% average over last four years), but significantly
improved through the six months ended March 31, 2017 with 93.7%
occupancy. The planned capital investments at Parkshore should
further support marketing and sales activity. Management also
continues to purchase condominium units (located across the street
from Parkshore) as they become available and there are four within
the total ILU mix.

WEAK LIQUIDITY: Although liquidity metrics have increased since
Fitch's initial rating in July 2016 as projected, metrics remain
weak for the rating level. Total unrestricted cash and investments
at March 31, 2017 were $35 million, which equated to 274 days cash
on hand (DCOH) and 22% cash-to-debt. Also of concern is the
exposure to refundable contracts with a refundable entrance fee
liability of $149 million as of March 31, 2017.

HIGH DEBT BURDEN: The debt burden is high, reflective of the fairly
young age of Skyline, however, maximum annual debt service (MADS)
as a percentage of total revenue improved in fiscal 2016 due to
strong revenue growth. MADS accounted for 17.8% of total revenue in
fiscal 2016 compared to 22.2% in fiscal 2013. Also, MADS coverage
is solid due to good turnover entrance fee receipts. MADS coverage
was 2.6x in fiscal 2016 and 2x through the six months ended March
31, 2017.

RATING SENSITIVITIES

FURTHER IMPROVEMENT IN LIQUIDITY: Fitch expects the obligated group
to continue to produce solid cash flow and maintain solid debt
service coverage. Upward rating movement would be dependent on
growth in liquidity metrics to levels more in line for an
investment-grade rating.


PRO MACH: S&P Affirms 'B-' Rating on 1st Lien Term Loans
--------------------------------------------------------
S&P Global Ratings affirmed its 'B-' issue-level rating on
Covington, Ky.-based packaging and material handling equipment
manufacturer Pro Mach Group Inc.'s first-lien term loan credit
facility. The '3' recovery rating reflects S&P's expectation of
meaningful (50%-70%; rounded estimate: 50%) recovery in the event
of default.

The company announced that it is seeking to increase the size of
its existing term loan by $80 million (for a total principle of
$645 million, pro forma for the add-on). The new debt will have a
$20 million delayed draw feature available for a period of 12
months from transaction close.

All of S&P's other ratings on Pro Mach Group Inc. are unchanged.

Pro Mach plans to use the additional term loan debt for general
corporate purposes. S&P's 'B-' corporate credit rating and stable
outlook are unchanged as a result of the proposed add-on. Although
there will be a larger amount of debt outstanding pro forma for the
add-on relative to our previous analysis, Pro Mach remains highly
acquisitive, and we expect EBITDA contributions from future
acquisitions will benefit the company's overall leverage profile.

RECOVERY ANALYSIS

Key analytical factors

S&P simulated default scenario is based on a default in 2019 as a
result of low demand for Pro Mach's products and services resulting
from a weak macroeconomic environment that affects both the food
and beverage and personal care segments. In such an environment,
S&P assumes that significant reductions in customers' capital
spending on packaging equipment and an extended delay in the
replacement cycle, along with the loss of some key customers, have
a meaningful effect on Pro Mach's operating performance.

S&P has valued the company as a going concern, using a 5x multiple
of our projected emergence EBITDA.

S&P said, "Our recovery rating on Pro Mach's first-lien facilities
reflects our expectations for meaningful (50%-70%; rounded
estimate: 50%) recovery from the facility's senior secured standing
in the capital structure and its first-priority lien on the
security package, coupled with our estimated emergence enterprise
value. Our recovery analysis assumes that Pro Mach will reorganize
in a default scenario, given the company's existing relationships
with its blue chip customer base and the high-profit-margin
aftermarket services it provides for its installed machine base."

Simulated default assumptions

-- Simulated year of default: 2019
-- Implied enterprise value multiple: 5x
-- EBITDA at emergence: $82 million
-- Jurisdiction: U.S.

Simplified waterfall

-- Net enterprise value: $390 million
-- Valuation split (obligors/nonobligors): 80%/20%
-- Value available for first-lien claim: $365 million
-- First-lien secured debt: $688 million
    --Recovery expectations: 50%-70% (rounded estimate: 50%)

Note: all debt amounts include six months of prepetition interest.

Ratings List

  Pro Mach Group Inc.
   Corporate Credit Rating                   B-/Stable/--

  Rating Affirmed; Recovery Rating Unchanged

  Pro Mach Group Inc.
   Senior Secured                            B-
    Recovery Rating                          3(50%)


PROMOMANAGERS INC: Bidding Procedures for All Assets Approved
-------------------------------------------------------------
Judge Joan N. Feeney of the US Bankruptcy Court for the District of
Massachusetts authorized in part PromoManagers Inc.'s bidding
procedures and the form and manner of notice in connection with
sale of substantially all assets free and clear of all liens,
claims, encumbrances, and interests.

The Court will schedule a hearing to consider the Motion.

                    About Promomanagers Inc

PromoManagers provides promotional products from leading brands
such as Norwood, Leeds, Gemline, Bic, Port Authority, Sweda,
Prime,
Columbia and Hit among others. The company has extensive
experience
in the industry having shipped products around the world.

PromoManagers sought Chapter 11 protection (Bankr. D. Mass. Case
No. 17-10747) on March 6, 2016.  The Debtor is represented by Nina
M. Parker, Esq., of Parker & Associates.


PROMOMANAGERS INC: G4 Holdings Buying Assets for $50K
-----------------------------------------------------
PromoManagers, Inc., filed a notice with the US Bankruptcy Court
for the District of Massachusetts of its private sale of its
rights, title, and interests in the assets it owned to G4 Holdings,
Inc., doing business as Geiger Group, for $50,000, subject to
overbid.

A hearing on the Motion is set for Aug. 15, 2017 at 12:45 p.m.  The
objection deadline is Aug. 9, 2017 at 4:30 p.m.

The Debtor intends to sell its assets, including, but not limited
to, all of the Debtor's right, title, and interest in its customer
list(s), inventory, intellectual property, trademarks, domain name,
website, telephone numbers, vendor lists and records, advertising
and marketing rights, goodwill, and historical customer order
records, as well as any accounts receivable for customer orders
received on or before the Closing Date which the has not fulfilled
as of the Closing Date ("Transferred Assets").

The terms and provisions of the intended sale are described and set
forth in the Asset Purchase Agreement dated July 17, 2017 entered
into by and between the Debtor and the Proposed Purchaser.  The
sale will take place in accordance with the terms of the Purchase
Agreement.  The Proposed Purchaser has paid a deposit in the sum of
$5,000.  Such deposit is presently held in escrow by the Debtor's
bankruptcy counsel.  The Debtor proposes to sell the Transferred
Assets free and clear of all liens, claims, encumbrances and
interests.  Any perfected, enforceable valid liens will attach to
the proceeds of the sale according to priorities.

Higher offers for the purchase of the Assets are solicited.  Any
higher offer must be accompanied by a cash deposit of $5,000.
Higher offers must be on the same terms and conditions provided in
the offer of the Proposed Purchase, other than the purchase price.
The required initial minimum overbid, as set forth in the Sale
Motion to will be not less than $2,500 for a minimum overbid of
$52,500

Objections or overbids, if any, must be filed no later than Aug. 9,
2017 at 4:30 p.m.  The initial minimum bid requirement equal to the
sum of the Purchase Price, including the assumption of liabilities
in an amount up to $30,000.

A copy of the Bid Procedures attached to the Notice is available
for free at:

   http://bankrupt.com/misc/Promomanagers_Inc_61_Sales.pdf

At the hearing on the sale the Court may (i) consider any requests
to strike a higher offer; (ii) determine further terms and
conditions of the sale; (iii) require one or more rounds of sealed
bids from the original offeror and any other qualifying offeror;
(iv) require one or more rounds of open bids from the original
offeror and any other qualifying offeror upon completion of the
sealed bids procedure; and (v) determine such other requirements
for further competitive bidding as is warranted.

The Purchaser:

          G4 HOLDINGS, INC.
          70 Mt. Hope Avenue
          Lewiston, ME

                    About Promomanagers Inc

PromoManagers provides promotional products from leading brands
such as Norwood, Leeds, Gemline, Bic, Port Authority, Sweda,
Prime,
Columbia and Hit among others. The company has extensive
experience
in the industry having shipped products around the world.

PromoManagers sought Chapter 11 protection (Bankr. D. Mass. Case
No. 17-10747) on March 6, 2016.  The Debtor is represented by Nina
M. Parker, Esq., at Parker & Associates.


PUERTO RICO: Hedge Funds Reveal How Much COFINA Bonds They Hold
---------------------------------------------------------------
The COFINA Senior Bondholders' Coalition, comprised of Jose F.
Rodriguez, Fideicomiso Plaza, and certain institutions that hold
and/or manage accounts holding 32.7% of all COFINA senior bonds, on
July 25, 2017, submitted a verified statement pursuant to Rule 2019
of the Federal Rules of Bankruptcy Procedure, made applicable to
the Title III case by Section 310 of PROMESA.

Certain members of the COFINA Senior Bondholders' Coalition
initially retained Quinn Emanuel Urquhart & Sullivan, LLP in June
2015. In August 2015, the COFINA Senior Bondholders' Coalition
retained Reichard & Escalera LLC (with Quinn Emanuel, "Counsel").

From time to time thereafter, certain additional holders of COFINA
senior bonds have joined the COFINA Senior Bondholders' Coalition.
Counsel appears in the Case on behalf of the COFINA Senior
Bondholders' Coalition.

The members of the COFINA Senior Bondholders' Coalition hold
disclosable economic interests in relation to COFINA totaling
$2,544,019,827 of COFINA Senior Bonds  and $602,007,190 of COFINA
Subordinate Bonds:

   1. Jose F. Rodriguez
      PO Box 8848,
      San Juan, PR 00910                   

      * $250,000 COFINA Senior Bonds

   2. Fideicomiso Plaza
      131 Dorado Beach East,
      Dorado PR 00646                             

      * $1,210,000 COFINA Senior Bonds

   3. Decagon Holdings 1, L.L.C.
      800 Boylston Street,
      Boston, MA 02199

      * $29,057,003 COFINA Senior Bonds
      * $27,054,354 COFINA Subordinate Bonds

   4. Decagon Holdings 2, L.L.C.
      800 Boylston Street,
      Boston, MA 02199

      * $37,870,092 COFINA Senior Bonds
      * $34,307,649 COFINA Subordinate Bonds

   5. Decagon Holdings 3, L.L.C.
      800 Boylston Street,
      Boston, MA 02199

      * $15,462,481 COFINA Senior Bonds
      * $14,414,439 COFINA Subordinate Bonds

   6. Decagon Holdings 4, L.L.C.
      800 Boylston Street,
      Boston, MA 02199

      * $156,447,232 COFINA Senior Bonds
      * $143,281,894 COFINA Subordinate Bonds

   7. Decagon Holdings 5, L.L.C.
      800 Boylston Street, Boston, MA 02199

      * $46,823,030 COFINA Senior Bonds
      * $43,752,782 COFINA Subordinate Bonds

   8. Decagon Holdings 6, L.L.C.
      800 Boylston Street,
      Boston, MA 02199

      * $17,689,399 COFINA Senior Bonds
      * $15,794,133 COFINA Subordinate Bonds

   9. Decagon Holdings 7, L.L.C.
      800 Boylston Street,
      Boston, MA 02199

      * $103,745,848 COFINA Senior Bonds
      * $104,041,588 COFINA Subordinate Bonds

  10. Decagon Holdings 8, L.L.C.
      800 Boylston Street, Boston, MA 02199

      * $30,670,396 COFINA Senior Bonds
      * $29,452,315 COFINA Subordinate Bonds

  11. Decagon Holdings 9, L.L.C.
      800 Boylston Street,
      Boston, MA 02199

      * $18,216,854 COFINA Senior Bonds
      * $17,446,373 COFINA Subordinate Bonds

  12. Decagon Holdings 10, L.L.C.
      800 Boylston Street,
      Boston, MA 02199

      * $13,100,425 COFINA Senior Bonds
      * $12,531,927 COFINA Subordinate Bonds

  13. Tilden Park Investment Master Fund LP
      c/o Tilden Park Capital Management LP
      452 5th Ave, 28th Floor
      New York, NY 10018

      * $455,876,291 COFINA Senior Bonds
      * $9,142,033 COFINA Subordinate Bonds

  14. GoldenTree Asset Management LP
      300 Park Avenue, 20th Floor
      New York, NY 10022

      * $431,161,811 COFINA Senior Bonds
      * $97,374,100 COFINA Subordinate Bonds

  15. Canyon Capital Advisors LLC
      2000 Avenue of the Stars, 11th Floor
      Los Angeles, CA 90067

      * $303,080,000 COFINA Senior Bonds

  16. Old Bellows Partners LP
      660 Madison Ave, #20
      New York, NY 10065

      * $215,028,900 COFINA Senior Bonds

  17. Scoggin Management LP
      660 Madison Ave, #20
      New York, NY 10065

      * $60,311,100 COFINA Senior Bonds

  18. Whitebox Advisors LLC
      3033 Excelsior Boulevard, Suite 300
      Minneapolis, MN 55416

      * $132,201,010 COFINA Senior Bonds
      * $26,995,686 COFINA Subordinate Bonds

  19. Merced Capital, L.P.
      601 Carlson Parkway, Suite 200
      Minnetonka, MN 55305

      * $36,119,077 COFINA Senior Bonds

  20. Taconic Capital Advisors L.P.
      280 Park Avenue, 5th Floor
      New York, NY 10017

      * $132,359,389 COFINA Senior Bonds
      * $21,982,917 COFINA Subordinate Bonds

  21. Varde Partners, Inc.
      901 Marquette Avenue South, Suite 3300
      Minneapolis, MN 55402

      * $111,643,772 COFINA Senior Bonds

  22. Cyrus Capital Partners, L.P.
      399 Park Avenue, 39th Floor
      New York, NY 10022

      * $93,105,717 COFINA Senior Bonds

  23. Aristeia Capital, L.L.C.
      One Greenwich Plaza, 3rd Floor
      Greenwich, CT 06830

      * $102,590,000 COFINA Senior Bonds
      * $4,435,000 COFINA Subordinate Bonds

Co-Counsel for the COFINA Senior Bondholders:

         REICHARD & ESCALERA
         Rafael Escalera
         Sylvia M. Arizmendi
         Fernando Van Derdys
         Carlos R. Rivera-Ortiz
         Gustavo A. Pabon-Rico
         255 Ponce de León Avenue
         MCS Plaza, 10th Floor
         San Juan, Puerto Rico 00917-1913
         E-mail: escalera@reichardescalera.com
                 arizmendis@reichardescalera.com
                 fvander@reichardescalera.com
                 riverac@reichardescalera.com
                 pabong@reichardescalera.com

               - and -

         QUINN EMANUEL URQUHART & SULLIVAN, LLP
         Susheel Kirpalani
         Eric Winston
         Daniel Salinas
         Eric Kay
         Kate Scherling
         Brant Duncan Kuehn
         51 Madison Avenue, 22nd Floor
         New York, New York 10010-1603
         E-mail: susheelkirpalani@quinnemanuel.com
                 ericwinston@quinnemanuel.com
                 danielsalinas@quinnemanuel.com
                 erickay@quinnemanuel.com
                 katescherling@quinnemanuel.com
                 brantkuehn@quinnemanuel.com

                       About Puerto Rico

Puerto Rico is a self-governing commonwealth in association with
the United States that's facing a massive bond debt of $70
billion, a 68% debt-to-GDP ratio and negative economic growth in
nine of the last 10 years.

The Commonwealth of Puerto Rico has sought bankruptcy protection,
aiming to restructure its massive $74 billion debt-load and $49
billion in pension obligations.

The debt restructuring petition was filed by Puerto Rico's
financial oversight board in U.S. District Court in Puerto Rico
(Case No. 17-01578) on May 3, 2017, and was made under Title III
of 2016's U.S. Congressional rescue law known as the Puerto Rico
Oversight, Management, and Economic Stability Act ("PROMESA").

The Financial Oversight and Management Board later commenced Title
III cases for the Puerto Rico Sales Tax Financing Corporation
(COFINA) on May 5, 2017, and the Employees Retirement System (ERS)
and the Puerto Rico Highways and Transportation Authority (HTA) on
May 21.  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.


PUERTO RICO: Municipalities Ask for Own Official Committee
----------------------------------------------------------
The Ad Hoc Municipalities Committee, comprised of the Puerto Rico
municipalities of Mayagüez, Isabela, Quebradillas, Guayama, Cabo
Rojo, San Germán, Adjuntas, Guayanilla, Guanica, Añasco and
Barceloneta, filed with the U.S. District of Puerto Rico a motion
an Order directing the appointment of an Official Puerto Rico
Municipalities Committee to represent the interests of all 78
Puerto Rico Municipalities in the Title III Petitions filed for the
Commonwealth of Puerto Rico and any of its instrumentalities and/or
public corporations.

The Commonwealth used to provide over $450,000,000 in
apportionments and legislative assignments to its 78 municipalities
on a yearly basis.  However, the approved Commonwealth Budget for
fiscal year 2018 contemplates a reduction in apportionments to
Municipalities to $220,000,000, or approximately half of the
previous years' apportionments and Legislative Assignments.  In
addition, the Control Board and the Governor have expressed that in
the near future the apportionments from the Commonwealth to the
Municipalities will be eliminated completely.

Since a substantial part of the funds available to the
Municipalities to operate and provide services has historically
come from the central government, the Ad Hoc Committee is wary that
the proposed elimination of this apportionment will severely impact
the Municipalities.

Moreover, according to the Ad Hoc Committee, the Government
Development Bank ("GDB") has seized excess funds from property and
sales taxes to which the Municipalities were entitled and which
constitute another of the Municipalities' major sources of funds.

The Ad Hoc Committee has contacted the U.S. Trustee's Office for
the appointment of an Official Municipalities Committee and the
U.S. Trustee's Office denied the request.

"The seventy-eight municipalities of the Commonwealth not only need
a Committee, they are entitled to one. The treatment they will
receive – both during the reorganization process and under any
plan which might be confirmed – will be different from any other
creditors or parties in interest.  No other official committee
either can or wants to represent the claims, needs, and
viewpoints for which seventy-eight mayors are responsible.  At the
same time, the prospect of each municipality's taking an
independent position before the Court would waste their money
and this Court's time.  Caselaw interpreting Bankruptcy Code
Section 1102 establishes that municipalities not only may
participate in committees, but under the right circumstances should
have their own. PROMESA establishes separate grounds for a
committee, given the substantial claims which the municipalities
have against not only the Commonwealth but several of its
instrumentalities.  This Court's directing the appointment of an
Official Puerto Rico Municipalities Committee is legally
appropriate and critical to the success of the reorganization
effort," F. David Godreau Zayas, Esq., at Godreau & Gonzalez Law,
LLC, tells the Court.

Counsel for the Ad Hoc Municipalities Committee:

        GODREAU & GONZALEZ LAW, LLC
        F. David Godreau Zayas
        Rafael A. Gonzalez Valiente
        PO Box 9024176
        San Juan, PR 00902-4176
        Telephone: 787-726-0077
        E-mail: dg@g-glawpr.com
                rgv@g-glawpr.com

               - and -

        ROCHELLE MCCULLOUGH LLP
        Michael R. Rochelle
        Kevin D. McCullough
        Kathryn G. Reid
        Shannon Thomas
        325 North St. Paul, Ste. 4500
        Dallas, Texas 75201
        Telephone 214-953-0182
        E-mail: buzz.rochelle@romclaw.com
                kdm@romclaw.com
                kreid@romclaw.com
                sthomas@romclaw.com

                       About Puerto Rico

Puerto Rico is a self-governing commonwealth in association with
the United States that's facing a massive bond debt of $70
billion, a 68% debt-to-GDP ratio and negative economic growth in
nine of the last 10 years.

The Commonwealth of Puerto Rico has sought bankruptcy protection,
aiming to restructure its massive $74 billion debt-load and $49
billion in pension obligations.

The debt restructuring petition was filed by Puerto Rico's
financial oversight board in U.S. District Court in Puerto Rico
(Case No. 17-01578) on May 3, 2017, and was made under Title III
of 2016's U.S. Congressional rescue law known as the Puerto Rico
Oversight, Management, and Economic Stability Act ("PROMESA").

The Financial Oversight and Management Board later commenced Title
III cases for the Puerto Rico Sales Tax Financing Corporation
(COFINA) on May 5, 2017, and the Employees Retirement System (ERS)
and the Puerto Rico Highways and Transportation Authority (HTA) on
May 21.  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.


R. A. EDGIN: Voluntary Chapter 11 Case Summary
----------------------------------------------
Debtor: R. A. Edgin Construction Company
           aka Edgin Construction Company, Inc.
        P. O. Box 1859
        Natchez, MS 39121-1859

Business Description: Edgin Construction is a small business
                      debtor as defined in 11 U.S.C. Section
                      101(51D) engaged in the business of asphalt
                      contracting at 8 Feltus Street, Natchez, MS
                      39120.

Chapter 11 Petition Date: July 27, 2017

Case No.: 17-02710

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

Judge: Hon. Neil P. Olack

Debtor's Counsel: J. Walter Newman, IV, Esq.
                  NEWMAN & NEWMAN
                  587 Highland Colony Parkway
                  Ridgeland, MS 39157
                  Tel: 601 948-0586
                  E-mail: wnewman95@msn.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Richard A. Edgin, Jr., 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/mssb17-02710.pdf


RAJYSAN INC: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: Rajysan, Inc.
           d/b/a MMD Equipment
        4175 Guardian Street
        Simi Valley, CA 93063

Business Description: Founded in 1984, Rajysan, Incorporated is
                      a wholesale distributor of industrial  
                      machinery and equipment.

Chapter 11 Petition Date: July 29, 2017

Case No.: 17-11363

Court: United States Bankruptcy Court
       Central District of California (Santa Barbara)

Judge: Hon. Peter Carroll

Debtor's Counsel: Andrew Goodman, Esq.
                  GOODMAN LAW OFFICES, A Professional Corporation
                  6345 Balboa Boulevard
                  Suite I-300
                  Encino, CA 91316
                  Tel: 818-827-5169
                  Fax: 818-975-5256
                  E-mail: agoodman@andyglaw.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Gurpreet Sahani, president.

The Debtor's list of 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/cacb17-11363.pdf


RAYONIER ADVANCED: S&P Affirms 'BB-' CCR, Outlook Remains Positive
------------------------------------------------------------------
S&P Global Ratings affirmed its 'BB-' corporate credit on specialty
pulp producer Rayonier Advanced Materials Inc. and the issue-level
ratings in the name of Rayonier A.M. Products, Inc. The outlook is
positive.

S&P Global Ratings' affirmation of its 'BB-' corporate credit
rating on RYAM reflects its view that slightly increased leverage
measures of about 4.4x debt to EBITDA, due to the increased offer
to acquire Tembec, will remain in line with the 'BB-' rating. RYAM
recently amended its purchase agreement with Tembec, raising the
total value being offered to Tembec shareholders by 17%. As a
result of the increased offer, debt balances will be about $50
million higher than its original estimate, with the remainder of
the increased acquisition costs being offset by higher the
anticipated cash balances.

S&P said, "Our positive outlook reflects the possibility that we
will raise our rating on Rayonier Advanced Materials Inc. to 'BB'
over the next year if it is able to successfully integrate its
acquisition of Tembec while reducing debt leverage to the 3.5x to
4x range by the middle of 2018.

"We could raise our ratings on Rayonier to 'BB' by mid-2018 if debt
leverage is reduced to about 3.5x on a pro forma basis through cost
savings and projected synergies from the Tembec acquisition. For
this to occur, we estimate EBITDA margins after the merger will
have to average about 21% (compared with about 19.5% pro forma for
the combined companies), which would require about $25 million of
EBITDA improvement from pro forma levels. This could occur from a
combination of acquisition synergies (RYAM predicts $50 million
over three years) or about a 5% improvement in total pulp volumes
or prices.

"We could revise our outlook on RYAM to stable over the next 12
months if Rayonier's debt-to-EBITDA leverage remains above 4x,
which we believe could occur if it does not achieve expected EBITDA
levels due to lower-than-expected merger synergies or operating
outages or if its cellulose and commodity products undergo demand
and price pressure in the latter half of 2017 and into 2018,
resulting in debt-to-EBITDA leverage remaining above 4x. This
scenario could occur if RYAM fails to achieve any of its projected
cost synergies and is unable to offset specialty pulp price
declines of 3% to 5% with internal cost savings."


REAL ALLOY: Moody's Lowers CFR to B3; Outlook Stable
----------------------------------------------------
Moody's Investors Service downgraded Real Alloy Holdings, Inc.
Corporate Family Rating (CFR) and Probability of Default Rating to
B3 and B3-PD respectively from B2 and B2-PD respectively. At the
same time, Moody's assigned a speculative grade liquidity rating of
SGL-3 to Real Alloy. The senior secured first lien notes at SGH
Escrow Corporation (assumed by Real Alloy) were affirmed at B3. The
rating outlook is stable.

The downgrade reflects the weak debt protection metrics and minimal
to negative free cash of Real Alloy as evidenced by the Debt/EBITDA
ratio of 9.6x and the free cash flow/debt ratio of -6.4% for the
twelve months ended March 31, 2017. During this time period, the
company's performance has been impacted by lower volumes invoiced,
tightened scrap spreads given challenges in the industry and a more
rapid increase in scrap prices versus prices realized. Although
Moody's believes that these negative influences on performance have
bottomed and improving trends are evidenced, Moody's expects that
the improvement in debt protection metrics will be slow and that
metrics will remain below those appropriate for a B2 rating through
2017 and 2018. Based upon recent performance and market conditions,
Moody's expects debt/EBITDA (including Moody's standard
adjustments) to be approximately 7.5x in 2017 and approximately 6x
in 2018. The downgrade also incorporates the expectation that free
cash flow will be at best break even to modestly negative over this
time frame.

Downgrades:

Issuer: Real Alloy Holding, Inc.

-- Corporate Family Rating, Downgraded to B3 from B2

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

Affirmation:

Issuer: SGH Escrow Corporation

-- Gtd Senior Secured Regular Bond/Debenture, Affirmed B3 (LGD4)

Assignments:

Issuer: Real Alloy Holding, Inc.

-- Speculative Grade Liquidity Rating, Assigned SGL-3

Outlook Actions:

Issuer: Real Alloy Holding, Inc.

-- Outlook, Remains Stable

RATINGS RATIONALE

The B3 CFR considers Real Alloy's position as a leading recycler of
aluminum, its strong customer base and its business footprint,
divided between tolling operations, which minimize aluminum price
risk and working capital requirements, and buy/sell operations,
which have a margin on metal conversion contribution profile.
However, the rating reflects the weak debt protection metrics and
the slower than anticipated improvement in these metrics. The
company's earnings performance is driven by a number of components
in the aluminum market, including the LME price, scrap prices, P
1020(LME plus Midwest premium) price, MW 380 (aluminum alloy)
prices in the US and MB226 (aluminum alloy) prices in Europe. These
prices are not necessarily correlated and do not always move in
tandem. Higher scrap prices in the second half of 2016 relative to
alloy prices and narrowed spreads were a contributing factor to the
poor performance in 2016 and deterioration in metrics. While LME
aluminum prices have increased in 2017 and spreads are widening,
Real Alloy's earnings recovery to a level that would result in
leverage of around 5x is expected to be protracted. Performance is
also sensitive to volume levels, which have seen some compression
on the tolling side of the business. Additionally, while aluminum
prices have averaged roughly $1,885/MT (metric ton) for the first
half of 2017, Moody's expected prices to soften somewhat over the
balance of the year, but still remain comfortably above 2016 levels
(average $1,593/MT).

Other rating considerations include the company's relatively small
revenue base and the potential to upstream dividends to Real
Industry Inc., its parent holding company, in order to meet its
obligations. To date, no dividends have been paid.

The stable outlook reflects the expectation that the improving
trends seen in 2017 will hold given the improvement in aluminum
prices, scrap spreads and realized pricing on conversion margins.
The outlook also anticipates that metrics will continue to show
improvement.

It is unlikely that the ratings will be upgraded in the next 12-18
months. However, should the company be able to achieve an EBITDA
run rate of at least $90 million such that debt/EBITDA is no more
than 5x and additionally demonstrate an EBIT/Interest run rate of
2x and (CFO-dividends)/debt of around 12% the rating could be
upgraded. The ratings could be downgraded should debt/EBITDA remain
elevated and not evidence improving trends towards no more than 6x,
and (CFO-dividends)/debt be less than 10%. Compression in liquidity
could also negatively impact the rating.

The SGL-3 speculative grade liquidity rating reflects the modest
cash balance ($19MM at March 31, 2017) and limited availability
under the $110 million asset backed revolving credit facility
(ABL), which had approximately $78 million outstanding at March 31,
2017. This facility contains a fixed charge coverage ratio
requirement of 1:1x, operative if availability is less than the
lesser of $11 million or the borrowing base availability, which the
company, as of March 31, 2017 was in compliance with. Given Moody's
expectations for an improving performance, albeit slow, Moody's
expects the company to be able to meet this requirement. While the
ABL has a stated maturity date of March 14, 2022, the terms state
that it will expire 90 days prior to the January 15, 2019 maturity
date of the senior secured first lien notes if the notes are not
extended at least 120 days prior to their maturity or if the
preferred stock, which has an August 27, 2020 maturity date is not
extended at least 181 days prior to such date.

The B3 senior secured rating on the SGH Escrow notes (assumed by
and now in the name of Real Alloy) reflects the fact that they
comprise the majority of the debt in the capital structure. The
notes are secured by a first priority interest in PPE and a second
position in the collateral securing the ABL.

The principal methodology used in these ratings was Global Steel
Industry published in October 2012.

Headquartered in Beachwood, Ohio, Real Alloy, through its
subsidiaries, operates in the aluminum recycling and wrought cast
and specification alloy business. Revenues for the twelve months
ended March 31, 2017 were $1.3 billion.


RENT-A-WRECK: Wants Up To $750,000 in Financing From J.J.F.
-----------------------------------------------------------
Rent-A-Wreck of America, Inc., et al., seek permission from the
U.S. Bankruptcy Court for the District of Delaware to enter into
obtain post-petition financing from J.J.F. Management Services,
Inc., and to use cash collateral.

The Debtors want to obtain (i) up to the aggregate principal amount
of $100,000, pursuant to the interim court order, and (ii) up to
the aggregate principal amount of $750,000 pursuant to the terms of
a final court order.

The Debtors have an immediate need to obtain financing and use cash
collateral in order to permit, among other things, the continuing
operation of the Debtors' businesses.  The Debtors are operating at
a deficit, and without the post-petition financing, the Debtors
will lack the liquidity to operate, particularly in a Chapter 11
case.  The Debtors have determined, in the exercise of their sound
business judgment, that they require, among other things, a
post-petition credit facility in an amount up to $750,000.  Without
the proposed financing, the Debtors will not have the funds
necessary to pay payroll, payroll taxes, overhead and other
expenses necessary for the continued post-petition operation of the
Debtors' businesses and the management and preservation of the
Debtors' assets and properties.

The Debtors believe that, under the circumstances, they are unable
to obtain financing from sources other than the Lender on terms
more favorable than the Post-Petition Financing.  
The Post-Petition Financing will bear interest at a per annum rate
of 7% (provided, however, that overdue amounts will bear interest
at a rate of 2% per annum above that rate).  The Debtors' authority
to use cash collateral and to borrow funds under the DIP court
order will continue until the termination date, which is defined as
the earliest to occur of (i) the date of conversion of the Chapter
11 bankruptcy proceeding into a Chapter 7 bankruptcy proceeding;
(ii) the closing date of the sale of substantially all of the
Debtors' assets, or (iii) the effective date of a Reorganization
Plan confirmed by the Bankruptcy Court in the Chapter 11 bankruptcy
proceeding, and on such date, unless payment of all loans
previously will have been accelerated by the Lender, all
outstanding loans will be due and payable in full, together with
all accrued interest thereon.  
Pursuant to 11 U.S.C. Sections 364(c)(2), (c)(3) and (d), as
security for the Post-Petition Financing, the Lender is granted
liens in all assets of the Debtors, including without limitation,
all currently owned or after-acquired property and assets of the
Debtors of any kind or nature subject and subordinate only to the
carve-out and any permitted liens.  The DIP liens will be senior to
the pre-petition liens.  As additional security, the post-petition
loan will, in accordance with 11 U.S.C. Section 364(c)(1), have
priority over all administrative expenses of the kind specified in
Section 503(b) or 507(b) of the U.S. Bankruptcy Code, subordinate
only to the carve-out.

As adequate protection for the Lender's interests in the
pre-petition collateral, including cash collateral, pursuant to 11
U.S.C. Sections 361, 363 and 552(b), the Lender is granted
additional and replacement liens in all property of the Debtors'
estate, including the post-petition collateral, only to the extent
of any decrease in value of the Lender's interests in the
pre-petition collateral occurring subsequent to the Petition Date
and arising from the causes set forth in the interim court order or
any final court order.  The adequate protection liens are subject
and subordinate only to (i) any permitted liens; (ii) the
carve-out; and (iii) the DIP liens.  To the extent that the
Adequate Protection Liens do not provide adequate protection of the
pre-petition liens in the pre-petition collateral, the Lender will
have a Section 507(b) Claim entitled to priority over all other
claims allowable under 11 U.S.C. Section 507(a), but subordinate to
the carve-out and the Lender's superpriority claim for the credit
facility.

On the Termination Date, all obligations of the Debtors to the
Lender will become due and payable without further notice.  Any
obligation of the Lender to make any loans or advances will be
terminated.  The Lender may terminate the Post-Petition Financing
upon the earliest to occur of any of these events, among others:

     a. the Debtors will fail to pay any principal of any loan
        when due in accordance with the terms thereof or hereof,
        or any other amount payable hereunder, within five days
        after any other amount becomes due in accordance with the
        terms thereof or hereof;

     b. the dismissal of the case or the conversion of the case
        from one under Chapter 11 to one under Chapter 7 of the
        U.S. Bankruptcy Code;

     c. the Court enters an order denying or vacating the final
        court order;

     d. any warranty made or deemed made by the Debtors: (i)
        herein or in any other loan document, (ii) in any
        certificate furnished by it at any time pursuant to or in
        connection with the JJFMS Loan Agreement or any other loan

        document or (iii) in any amendment, waiver, supplement or
        other written modification to the agreement or any of the
        other loan documents, will prove to have been incorrect in
        any material respect on or as of the date made or deemed
        made;  

     e. the Debtors will cease to be in material compliance with
        any covenant made or deemed made by it: (i) herein or in
        any other loan document, (ii) in any certificate furnished

        by it at any time pursuant to or in connection with this
        agreement or any other loan document or (iii) in any
        amendment, waiver, supplement or other written
        modification to the JJFMS Loan Agreement which the Debtor
        has executed or any of the other loan documents, provided
        that in the case of the covenants under Sections 5.2(b)
        and (c) of this agreement only if the failure to be in
        material compliance will continue unremedied for a period
        of 10 days after written notice thereof to the Debtor
        (there being no cure period for any other covenant); or

     f. the Debtors will default in the observance or performance
        of any other undertaking made by the Debtors in the JJFMS
        Loan Agreement or any other loan document (other than as
        provided in Section 7.1(a), (d) or (e) of the agreement),
        and the default will continue unremedied for a period of
        10 days after written notice thereof to the Debtors.

The Debtors tell the Court that they have an immediate need to
obtain financing and use cash collateral in order to permit, among
other things, the continuing operation of the Debtors' businesses.


A copy of the Debtors' request is available at:

            http://bankrupt.com/misc/deb17-11592-9.pdf

                       About Rent-A-Wreck

Rent-A-Wreck -- http://www.rentawreck.com-- is a car rental
company headquartered in Laurel, Maryland.  Founded in 1968 and
franchising since 1973, the Company offers for rent economy cars,
full size luxury sedans, pickup trucks, box trucks, mini-vans,
cargo vans, 15-passenger vans, SUVs, and station wagons.  It has
locations across the United States and internationally in Norway,
Sweden and Denmark.

Rent-A-Wreck of America, Inc. (Bankr. D. Del. Case No. 17-11592)
and affiliate Bundy American, LLC (Bankr. D. Del. Case No.
17-11593) filed for Chapter 11 bankruptcy protection on July 24,
2017, each estimating their assets and liabilities at between $1
million and $10 million.  The petitions were signed by James
William Cash, president.

Aaron S. Applebaum, Esq., at Saul Ewing LLP serves as the Debtors'
bankruptcy counsel.

Quarles & Brady LLP is the Debtors' special counsel.


RESIDENTIAL CAPITAL: PNC's Bid to Dismiss Litigation Denied
-----------------------------------------------------------
Judge Susan Richard Nelson of the U.S. Bankruptcy Court for the
District of Minnesota addresses PNC Bank, N.A.'s motion to dismiss
all claims against it pursuant to Federal Rule of Civil Procedure
12(b)(1), asserting a lack of subject matter jurisdiction based on
either diversity of citizenship or bankruptcy-related jurisdiction.
Alternatively, PNC asks the Court to abstain from exercising
jurisdiction under 28 U.S.C. section 1334(c)(1).  PNC also contends
that ResCap Liquidating Trust's claims against it are barred by the
prohibition against claim splitting.  Origin Bank seeks leave to
join in PNC's arguments concerning subject matter jurisdiction and
asks the Court to dismiss all claims against it on those grounds.

Judge Nelson denies PNC's motion to dismiss, grants Origin's motion
for joinder, and denies Origin's motion to dismiss.

On May 14, 2012, Residential Funding Corporation filed for Chapter
11 bankruptcy protection in the U.S. Bankruptcy Court for the
Southern District of New York. RFC's Chapter 11 bankruptcy plan
became effective on Dec. 17, 2013. Under the Plan, the Trust
succeeded to all of RFC's rights and interests. The purpose of the
Trust is to monetize RFC's remaining assets, pursue claims in
litigation, and distribute the proceeds to RFC's creditors.

Two of the correspondent lenders with whom RFC did business were
Community Bank of Northern Virginia, a predecessor-in-interest to
PNC; and Cimarron Mortgage Company, a predecessor-in-interest to
Origin. PNC and Origin are sued in these actions in their
capacities as successors to CBNV and Cimarron, respectively.

The Trust brings two claims against PNC and Origin: (1) a breach of
contract claim founded on alleged breaches of warranties and
representations, and (2) an indemnification claim. As the basis for
federal subject matter jurisdiction, the Trust invokes bankruptcy
jurisdiction under 28 U.S.C. section 1334 and diversity
jurisdiction under 28 U.S.C. section 1332.

PNC first contends that the Trust's claims cannot conceivably have
any effect on the bankruptcy estate because the estate ceased to
exist when the Plan was confirmed.

The Court disagrees that "related to" bankruptcy jurisdiction
automatically and invariably dissipates when a bankruptcy plan is
confirmed. Courts should not apply the "related to" jurisdiction
test "so literally as to entirely bar post-confirmation bankruptcy
jurisdiction." Bankruptcy jurisdiction still exists, even after a
plan has been confirmed, "if there is sufficient connection to the
bankruptcy." That connection is present in these consolidated
matters.

PNC argues, nonetheless, that the Trust must meet a higher standard
than the "any conceivable effect" test and show that its claims
"involve the administration and interpretation" of the Plan. Judge
Nelson asserts that there is no question that the Trust's claims
meet this standard. Multiple courts, including this one, have
determined that the Trust's claims against correspondent lenders
such as PNC and Origin relate to the administration and
interpretation of the Plan.

PNC asks the Court to abstain from exercising jurisdiction "in the
interest of justice, or in the interest of comity with State courts
or respect for State law." See 28 U.S.C. § 1334(c)(1). PNC argues
that the federal interest in adjudicating the Trust's claims is too
attenuated from RFC's estate, and that the Trust's claims sound in
state law and should be adjudicated in state court.

There are several reasons why the Court will not abstain from
exercising jurisdiction. First, these actions could have a direct
effect on the bankruptcy estate, which will benefit from any
recovery. Second, though the claims are grounded in state law, the
cases are "fundamentally tied to RFC's bankruptcy." Third, the
state law claims are not so complex that comity favors abstention.
Fourth, this Court has already expended substantial time and
resources in managing the cases consolidated into this action, and
to abstain now from jurisdiction in these newly-filed matters would
be a tremendous and needless waste of judicial resources.

With respect to PNC's argument that it will be prejudiced by having
to litigate two separate actions, the Court is not unsympathetic to
PNC's situation. But any burden caused by the Trust's decision to
litigate its claims against PNC in two separate actions filed
almost four years apart can be alleviated through efficient case
management.

Thus, Judge Nelson issues an order stating that:

   * PNC Bank, N.A.'s Motion to Dismiss is denied; and

   * Origin Bank's Notice of Joinder in Motion to Dismiss for Lack
of Subject Matter Jurisdiction is granted insofar as the motion
requests permission to join in PNC's arguments concerning subject
matter jurisdiction, but denied as to dismissal.

The bankruptcy case is In re: RFC and ResCap Liquidating Trust
Litigation. This document relates to: ResCap Liquidating Trust v.
PNC Bank, N.A., as successor to Community Bank of Northern
Virginia, Case No. 17-cv-0196 ResCap Liquidating Trust v. Origin
Bank, f/k/a Community Trust Financial Corporation, as successor to
Cimarron Mortgage Company, Case No. 17-cv-0203. Case No.
13-cv-3451(SRN/HB)(D. Minn.).

A full-text copy of Judge Nelson's Memorandum Opinion and Order is
available at https://is.gd/8cU6af from Leagle.com.

Residential Funding Company, LLC, Plaintiff, represented by Adam M.
Abensohn -- adamabensohn@quinnemanuel.com  -- Quinn Emanuel
Urquhart & Sullivan, LLP, pro hac vice, Alexander J. Merton --
ajmerton@quinnemanuel.com -- Quinn Emanuel Urquhart & Sullivan LLP,
pro hac vice, Alexandria Deep Conroy --
alexeeconroy@quinnemanuel.com -- Quinn Emanuel Urquhart and
Sullivan, pro hac vice, Amroh Faisal Idris --
amrohidris@quinnemanuel.com -- Quinn Emanuel Urquhart & Sullivan,
pro hac vice, Anthony Paul Alden -- anthonyalden@quinnemanuel.com
-- Quinn Emanuel Urquhart & Sullivan, pro hac vice, Bradley T.
Smith -- bsmith@felhaber.com -- Felhaber Larson, Brittany Kaye
Frassetto, Quinn Emanuel, pro hac vice, Christina Wu --
christinawu@quinnemanuel.com -- Quinn Emanuel Urquhart & Sullivan
LLP, pro hac vice, Claire Disston Hausman
--clairehausman@quinnemanuel.com  -- Quinn Emanuel Urquhart &
Sullivan, LLP, pro hac vice, Daniel R. Kelly -- dkelly@felhaber.com
-- Felhaber Larson, Danielle L. Gilmore --
daniellegilmore@quinnemanuel.com -- Quinn Emanuel Urquhart &
Sullivan LLP, pro hac vice, Danielle Marie Shrader-Frechette --
daniellefrechette@quinnemanuel.com -- Quinn Emanuel Urquhart &
Sullivan, LLP, pro hac vice, Darren Mitchell Goldman --
darrengoldman@quinnemanuel.com -- Quinn Emanuel Urquhart & Sullivan
LLP, pro hac vice, David C. Armillei --
davidarmillei@quinnemanuel.com -- Quinn Emanuel Urquhart &
Sullivan, LLP, pro hac vice, David Lawrence Elsberg --
davidelsberg@quinnemanuel.com  -- Quinn Emanuel Urquhart & Sullivan
LLP, pro hac vice, David Michael Grable --
davegrable@quinnemanuel.com -- Quinn Emanuel Urquhart & Sullivan
LLP, pro hac vice, David L. Hashmall -- dhashmall@felhaber.com --
Felhaber Larson, Dawn Utsumi -- dawnutsumi@quinnemanuel.com --
Quinn Emanuel Urquhart & Sullivan, pro hac vice, Deborah Kay Brown
-- deborahbrown@quinnemanuel.com -- Quinn Emanuel Urquhart &
Sullivan LLP, pro hac vice, Diane L. Cafferata, Quinn Emanuel
Urquhart & Sullivan, LLP, pro hac vice, Donald G. Heeman, Felhaber
Larson, Duane R.A. Lyons, Quinn Emanuel Urquhart & Sullivan, pro
hac vice, Elisabeth Bach Miller, Quinn Emanuel Urquhart & Sullivan,
LLP, pro hac vice, Eric H. Huang, Quinn Emanuel Urquhart &
Sullivan, LLP, pro hac vice, Gabriel F. Soledad, Quinn Emanuel
Urquhart & Sullivan, pro hac vice, Geneva B. McDaniel, Quinn
Emanuel Urquhart & Sullivan LLP, pro hac vice, Guyon H. Knight,
Quinn Emanuel Urquhart & Sullivan, LLP, pro hac vice, Harry A.
Olivar, Jr., Quinn Emanuel Urquhart & Sullivan LLP, pro hac vice,
Heather K. Christenson, Quinn Emanuel Urquhart & Sullivan LLP, pro
hac vice, Isaac Nesser, Quinn Emanuel Urquhart & Sullivan, LLP, pro
hac vice, Jacob J. Waldman, Quinn Emanuel Urquhart & Sullivan, LLP,
pro hac vice, Jeffrey Alan Lipps, Carpenter Lipps & Leland LLP, pro
hac vice, Jeffrey Carl Miller, Quinn Emanuel Urquhart & Sullivan
LLP, pro hac vice, Jeffrey J. Ung, Quinn Emanuel Urquhart &
Sullivan LLP, pro hac vice, Jennifer Jackson Barrett, Quinn Emanuel
Urquhart & Sullivan, LLP, pro hac vice, Jennifer A.L. Battle,
Carpenter Lipps & Leland LLP, pro hac vice, Jessica J. Nelson,
Felhaber Larson, Johanna Yao Ong, Quinn Emanuel Urquhart &
Sullivan, LLP, pro hac vice, John Steven Gordon, Quinn Emanuel
Urquhart & Sullivan, LLP, pro hac vice, Joshua S. Margolin, Quinn
Emanuel Urquhart & Sullivan LLP, pro hac vice, Kanika G. Shah,
Quinn Emanuel Urquhart & Sullivan LLP, pro hac vice, Kate E.
Cassidy, Quinn Emanuel Urquhart & Sullivan, LLP, pro hac vice,
Kristen Bird, Quinn Emanuel Urquhart & Sullivan, pro hac vice,
Linda J. Brewer, Quinn Emanuel Urquhart & Sullivan LLP, pro hac
vice, Matthew R. Scheck, Quinn Emanuel Urquhart & Sullivan, pro hac
vice, Melissa Andrea Dalziel, Quinn Emanuel Urquhart & Sullivan
LLP, pro hac vice, Michael N. Beekhuizen, Carpenter Lipps & Leland
LLP, pro hac vice, Michael Jude Galvin, I, Quinn Emanuel Urquhart &
Sullivan LLP, pro hac vice, Michael J. Madigan, Quinn Emanuel
Urquhart & Sullivan LLP, pro hac vice, Molly Caroline Stephens,
Quinn Emanuel Urquhart & Sullivan, LLP, pro hac vice, Nicholas
Aaron Leefer, Quinn Emanuel Urquhart & Sullivan, LLP, pro hac vice,
Nicole Y. Altman, Quinn Emanuel Urquhart & Sullivan LLP, pro hac
vice, Noah S. Helpern, Quinn Emanuel Urquhart & Sullivan LLP, pro
hac vice, Peter Evan Calamari, Quinn Emanuel Urquhart & Sullivan,
LLP, pro hac vice, Rachael L. McCracken, Quinn Emanuel Urquhart &
Sullivan, LLP, pro hac vice, Randa A.F. Osman, Quinn Emanuel
Urquhart & Sullivan, LLP, pro hac vice, Randi J. Winter, Felhaber
Larson, Richard Allen Schirtzer, Quinn Emanuel Urquhart & Sullivan,
LLP, pro hac vice, Richard R. Voelbel, Felhaber, Larson, Fenlon &
Vogt, PA, Robert Jason Becher, Quinn Emanuel Urquhart & Sullivan
LLP, pro hac vice, Ryan A. Olson, Felhaber Larson, Sarah J. Cole,
Quinn Emanuel Urquhart & Sullivan LLP, pro hac vice, Sascha N.
Rand, Quinn Emanuel Urquhart & Sullivan LLP, pro hac vice, Scott D.
Blake, Felhaber, Larson, Fenlon & Vogt, PA, Serafina Concannon,
Quinn Emanuel Urquhart & Sullivan, LLP, pro hac vice, Thomas D.
Pease, Quinn Emanuel Urquhart & Sullivan, LLP, pro hac vice, Tyler
Whitmer, Quinn Emanuel Urquhart & Sullivan LLP, pro hac vice,
Valerie Jon Ramos, Quinn Emanuel Urquhart & Sullivan LLP, pro hac
vice, Yelena Konanova, Quinn Emanuel Urquhart & Sullivan, LLP, pro
hac vice, Zena Jacobsen, Quinn Emanuel Urquhart & Sullivan, LLP,
pro hac vice & Zoe P. Chernicoff, Quinn Emanuel Urquhart & Sullivan
LLP, pro hac vice.

ResCap Liquidating Trust, Plaintiff, represented by Adam M.
Abensohn, Quinn Emanuel Urquhart & Sullivan, LLP, pro hac vice,
Alexander J. Merton, Quinn Emanuel Urquhart & Sullivan LLP, pro hac
vice, Alexandria Deep Conroy, Quinn Emanuel Urquhart and Sullivan,
pro hac vice, Amroh Faisal Idris, Quinn Emanuel Urquhart &
Sullivan, pro hac vice, Anthony Paul Alden, Quinn Emanuel Urquhart
& Sullivan, pro hac vice, Bradley T. Smith, Felhaber Larson,
Christina Wu, Quinn Emanuel Urquhart & Sullivan LLP, pro hac vice,
Claire Disston Hausman, Quinn Emanuel Urquhart & Sullivan, LLP, pro
hac vice, Daniel R. Kelly, Felhaber Larson, Danielle L. Gilmore,
Quinn Emanuel Urquhart & Sullivan LLP, pro hac vice, Danielle Marie
Shrader-Frechette, Quinn Emanuel Urquhart & Sullivan, LLP, pro hac
vice, David C. Armillei, Quinn Emanuel Urquhart & Sullivan, LLP,
pro hac vice, David Lawrence Elsberg, Quinn Emanuel Urquhart &
Sullivan LLP, pro hac vice, David L. Hashmall, Felhaber Larson,
Dawn Utsumi, Quinn Emanuel Urquhart & Sullivan, pro hac vice,
Deborah Kay Brown, Quinn Emanuel Urquhart & Sullivan LLP, pro hac
vice, Diane L. Cafferata, Quinn Emanuel Urquhart & Sullivan, LLP,
pro hac vice, Donald G. Heeman, Felhaber Larson, Duane R.A. Lyons,
Quinn Emanuel Urquhart & Sullivan, pro hac vice, Elisabeth Bach
Miller, Quinn Emanuel Urquhart & Sullivan, LLP, pro hac vice, Eric
H. Huang, Quinn Emanuel Urquhart & Sullivan, LLP, pro hac vice,
Gabriel F. Soledad, Quinn Emanuel Urquhart & Sullivan, pro hac
vice, Geneva B. McDaniel, Quinn Emanuel Urquhart & Sullivan LLP,
pro hac vice, Guyon H. Knight, Quinn Emanuel Urquhart & Sullivan,
LLP, pro hac vice, Harry A. Olivar, Jr., Quinn Emanuel Urquhart &
Sullivan LLP, pro hac vice, Heather K. Christenson, Quinn Emanuel
Urquhart & Sullivan LLP, pro hac vice, Isaac Nesser, Quinn Emanuel
Urquhart & Sullivan, LLP, pro hac vice, Jacob J. Waldman, Quinn
Emanuel Urquhart & Sullivan, LLP, pro hac vice, Jeffrey Alan Lipps,
Carpenter Lipps & Leland LLP, pro hac vice, Jeffrey Carl Miller,
Quinn Emanuel Urquhart & Sullivan LLP, pro hac vice, Jeffrey J.
Ung, Quinn Emanuel Urquhart & Sullivan LLP, pro hac vice, Jennifer
Jackson Barrett, Quinn Emanuel Urquhart & Sullivan, LLP, pro hac
vice, Jennifer A.L. Battle, Carpenter Lipps & Leland LLP, pro hac
vice, Jessica J. Nelson, Felhaber Larson, Johanna Yao Ong, Quinn
Emanuel Urquhart & Sullivan, LLP, pro hac vice, John Steven Gordon,
Quinn Emanuel Urquhart & Sullivan, LLP, pro hac vice, Kanika G.
Shah, Quinn Emanuel Urquhart & Sullivan LLP, pro hac vice, Kristen
Bird, Quinn Emanuel Urquhart & Sullivan, pro hac vice, Matthew R.
Scheck, Quinn Emanuel Urquhart & Sullivan, pro hac vice, Melissa
Andrea Dalziel, Quinn Emanuel Urquhart & Sullivan LLP, pro hac
vice, Michael N. Beekhuizen, Carpenter Lipps & Leland LLP, pro hac
vice, Michael Jude Galvin, I, Quinn Emanuel Urquhart & Sullivan
LLP, pro hac vice, Michael J. Madigan, Quinn Emanuel Urquhart &
Sullivan LLP, pro hac vice, Molly Caroline Stephens, Quinn Emanuel
Urquhart & Sullivan, LLP, pro hac vice, Nicholas Aaron Leefer,
Quinn Emanuel Urquhart & Sullivan, LLP, pro hac vice, Nicole Y.
Altman, Quinn Emanuel Urquhart & Sullivan LLP, pro hac vice, Noah
S. Helpern, Quinn Emanuel Urquhart & Sullivan LLP, pro hac vice,
Peter Evan Calamari, Quinn Emanuel Urquhart & Sullivan, LLP, pro
hac vice, Rachael L. McCracken, Quinn Emanuel Urquhart & Sullivan,
LLP, pro hac vice, Randa A.F. Osman, Quinn Emanuel Urquhart &
Sullivan, LLP, pro hac vice, Randi J. Winter, Felhaber Larson,
Richard Allen Schirtzer, Quinn Emanuel Urquhart & Sullivan, LLP,
pro hac vice, Richard R. Voelbel, Felhaber, Larson, Fenlon & Vogt,
PA, Ryan A. Olson, Felhaber Larson, Sarah J. Cole, Quinn Emanuel
Urquhart & Sullivan LLP, pro hac vice, Sascha N. Rand, Quinn
Emanuel Urquhart & Sullivan LLP, pro hac vice, Scott D. Blake,
Felhaber, Larson, Fenlon & Vogt, PA, Serafina Concannon, Quinn
Emanuel Urquhart & Sullivan, LLP, pro hac vice, Thomas D. Pease,
Quinn Emanuel Urquhart & Sullivan, LLP, pro hac vice, Tyler
Whitmer, Quinn Emanuel Urquhart & Sullivan LLP, pro hac vice,
Valerie Jon Ramos, Quinn Emanuel Urquhart & Sullivan LLP, pro hac
vice, Yelena Konanova, Quinn Emanuel Urquhart & Sullivan, LLP, pro
hac vice, Zena Jacobsen, Quinn Emanuel Urquhart & Sullivan, LLP,
pro hac vice, Zoe P. Chernicoff, Quinn Emanuel Urquhart & Sullivan
LLP, pro hac vice, Alexandria Deep Conroy, Quinn Emanuel Urquhart
and Sullivan, pro hac vice, Amroh Faisal Idris, Quinn Emanuel
Urquhart & Sullivan, pro hac vice, Brittany Kaye Frassetto, Quinn
Emanuel, pro hac vice, Christina Wu, Quinn Emanuel Urquhart &
Sullivan LLP, pro hac vice, Danielle Marie Shrader-Frechette, Quinn
Emanuel Urquhart & Sullivan, LLP, pro hac vice, Darren Mitchell
Goldman, Quinn Emanuel Urquhart & Sullivan LLP, pro hac vice, David
Michael Grable, Quinn Emanuel Urquhart & Sullivan LLP, pro hac
vice, Dawn Utsumi, Quinn Emanuel Urquhart & Sullivan, pro hac vice,
Deborah Kay Brown, Quinn Emanuel Urquhart & Sullivan LLP, pro hac
vice, Donald G. Heeman, Felhaber Larson, Duane R.A. Lyons, Quinn
Emanuel Urquhart & Sullivan, pro hac vice, Jessica J. Nelson,
Felhaber Larson, Joshua S. Margolin, Quinn Emanuel Urquhart &
Sullivan LLP, pro hac vice, Kate E. Cassidy, Quinn Emanuel Urquhart
& Sullivan, LLP, pro hac vice, Linda J. Brewer, Quinn Emanuel
Urquhart & Sullivan LLP, pro hac vice, Michael N. Beekhuizen,
Carpenter Lipps & Leland LLP, pro hac vice, Molly Caroline
Stephens, Quinn Emanuel Urquhart & Sullivan, LLP, pro hac vice,
Randi J. Winter, Felhaber Larson, Robert Jason Becher, Quinn
Emanuel Urquhart & Sullivan LLP, pro hac vice, Ryan A. Olson,
Felhaber Larson, Sarah J. Cole, Quinn Emanuel Urquhart & Sullivan
LLP, pro hac vice, Sascha N. Rand, Quinn Emanuel Urquhart &
Sullivan LLP, pro hac vice, Scott D. Blake, Felhaber, Larson,
Fenlon & Vogt, PA, Serafina Concannon, Quinn Emanuel Urquhart &
Sullivan, LLP, pro hac vice, Thomas D. Pease, Quinn Emanuel
Urquhart & Sullivan, LLP, pro hac vice, Tyler Whitmer, Quinn
Emanuel Urquhart & Sullivan LLP, pro hac vice & Valerie Jon Ramos,
Quinn Emanuel Urquhart & Sullivan LLP, pro hac vice.

Ark-La-Tex Financial Services, LLC, Defendant, represented by
Daniel J. Supalla -- dsupalla@briggs.com -- Briggs & Morgan, PA,
James M. Jorissen -- jjorissen@losgs.com -- Leonard, O'Brien,
Spencer, Gale & Sayre, Ltd & Mark J. Carpenter --
mark@carpenter-law-firm.com -- Carpenter Law Firm PLLC.

Colonial Savings, F.A., Defendant, represented by Brandon P. Rose,
Bilzin Sumberg Baena Price & Azelrod LLP, Daniel N. Moak, Briggs &
Morgan -- dmoak@briggs.com -- PA, Daniel J. Supalla --
dsupalla@briggs.com -- Briggs & Morgan, PA, James M. Jorissen,
Leonard, O'Brien, Spencer, Gale & Sayre, Ltd, Mark G. Schroeder --
mschroeder@briggs.com -- Briggs & Morgan, PA, Philip R. Stein --
pstein@bilzin.com -- Bilzin Sumberg Baena Price & Axelrod LLP, pro
hac vice & Shalia M. Sakona -- ssakona@bilzin.com -- Bilzin Sumberg
Baena Price & Axelrod LLP, pro hac vice.

First Guaranty Mortgage Corporation, Defendant, represented by
Caleb P. Dulis -- Caleb.Dulis@ropesgray.com -- Ropes & Gray LLP,
pro hac vice, Carly B. Baratt -- Carly.Baratt@ropesgray.com --
Ropes & Gray LLP, pro hac vice, Daniel J. Supalla, Briggs & Morgan,
PA, John Charles Ertman -- John.Ertman@ropesgray.com -- Ropes &
Gray LLP, pro hac vice, Kevin J. Dunlevy, Beisel & Dunlevy, PA, Lee
Stuart Gayer – Lee.Gayer@ropesgray.com -- Ropes & Gray LLP, pro
hac vice, Michael E. Kreun, Beisel & Dunlevy, PA, Michael S.
Winograd – Michael.Winograd@ropesgray.com -- Ropes & Gray LLP,
pro hac vice & Seth J.S. Leventhal, LEVENTHAL pllc.

Provident Funding Associates, L.P., Defendant, represented by
Daniel N. Moak, Briggs & Morgan, PA, Daniel J. Supalla, Briggs &
Morgan, PA, David J. Woll, Simpson Thacher & Bartlett LLP, pro hac
vice, James M. Jorissen, Leonard, O'Brien, Spencer, Gale & Sayre,
Ltd, Mark G. Schroeder, Briggs & Morgan, PA, Meredith C. Duffy,
Simpson Thacher & Bartlett LLP, pro hac vice, Susannah S. Geltman,
Simpson Thacher & Bartlett LLP, pro hac vice & William T. Russell,
Jr., Simpson Thacher & Bartlett LLP, pro hac vice.

First Mortgage Corporation, Defendant, represented by Daniel J.
Supalla, Briggs & Morgan, PA, Gene A. Hoff, Minenko & Hoff, Michael
J. Minenko, Minenko & Hoff, P.A. & Thomas Michael Sullivan, Jr.,
Thomas M. Sullivan, Jr., pro hac vice.

E Trade Bank, Defendant, represented by Brandon P. Rose, Bilzin
Sumberg Baena Price & Azelrod LLP, Daniel J. Supalla, Briggs &
Morgan, PA, Peter McElligott, Anthony Ostlund Baer & Louwagie PA,
Philip R. Stein, Bilzin Sumberg Baena Price & Axelrod LLP, pro hac
vice, Shalia M. Sakona, Bilzin Sumberg Baena Price & Axelrod LLP,
pro hac vice & Sharda R. Kneen, Ross Orenstein & Baudry LLC.

PNC Bank, N.A., Defendant, represented by Adam M. Gogolak,
Wachtell, Lipton, Rosen & Katz, pro hac vice, Albert Joseph
Martinez, Jr., Wachtell, Lipton, Rosen & Katz, pro hac vice, Amanda
Raines Lawrence, Buckley Sandler LLP, pro hac vice, Charles P.
Griffin, Wachtell, Lipton, Rosen & Katz, pro hac vice, Daniel J.
Supalla, Briggs & Morgan, PA, David A. Schooler, Briggs & Morgan,
PA, Elaine P. Golin, Wachtell, Lipton, Rosen & Katz, pro hac vice,
Fredrick S. Levin, Buckley Sandler LLP, pro hac vice, Jonathan M.
Moses, Wachtell, Lipton, Rosen & Katz, pro hac vice, Mark G.
Schroeder, Briggs & Morgan, PA & Michael A. Rome, Buckley Sandler
LLP, pro hac vice.

Impac Funding Corporation, Defendant, represented by Craig Andrew
Barbarosh, Katten Muchin Rosenman LLP, pro hac vice, Daniel J.
Supalla, Briggs & Morgan, PA, David A. Crichlow, Katten Muchin
Rosenman LLP, pro hac vice, David J. Stagman, Katten Muchin
Rosenman LLP, pro hac vice, Erin Sindberg Porter, Greene Espel
PLLP, Jenny Gassman-Pines, Greene Espel PLLP, Jerry L. Hall, Jr.,
Katten Muchin Rosenman LLP, pro hac vice, Katherine M. Swenson,
Greene Espel PLLP, Mark L. Johnson, Greene Espel PLLP, Sharon Robin
Markowitz, Stinson Leonard Street LLP & Todd A. Noteboom, Stinson
Leonard Street LLP.

Hometown Mortgage Services, Inc., Defendant, represented by Andrew
Steinfeld, American Morgage Law Group, P.C., pro hac vice, Brooke
D. Anthony, Anthony Ostlund Baer & Louwagie PA, Carol R.M. Moss,
Hellmuth & Johnson PLLC, Daniel J. Supalla, Briggs & Morgan, PA,
Edward Page Allinson, American Mortgage Law Group, P.C., pro hac
vice, Evans D. Prieston, American Mortgage Law Group, P.C., pro hac
vice, J. Robert Keena, Hellmuth & Johnson PLLC, Jack V. Valinoti,
American Mortgage Law Group, P.C., pro hac vice & James W. Brody,
American Mortgage Law Group, pro hac vice.

Terrace Mortgage Company, Defendant, represented by Aaron P.M.
Tady, Coles Barton LLP, pro hac vice, C.J. Schoenwetter, Bowman &
Brooke LLP, Daniel J. Supalla, Briggs & Morgan, PA, Gregory Michael
Taube, Nelson Mullins Riley & Scarborough LLP, pro hac vice, John
D. Sear, Bowman & Brooke LLP, Rachelle A. Velgersdyk, Bowman &
Brooke LLP & Thomas M. Barton, Coles Barton LLP, pro hac vice.

Wells Fargo Bank, N.A., Defendant, represented by Amy L. Schwartz,
Lapp Libra Thomson Stoebner & Pusch, Chartered, Daniel J. Supalla,
Briggs & Morgan, PA, Eric P. Tuttle, Munger, Tolles & Olson LLP,
pro hac vice, Gregory D. Phillips, Munger, Tolles & Olson, LLP, pro
hac vice, John M. Gildersleeve, Munger, Tolles & Olson LLP, pro hac
vice, Kevin S. Allred, Munger, Tolles & Olson LLP, pro hac vice,
Marc T.G. Dworsky, Munger, Tolles & Olson, LLP, pro hac vice,
Maximillian L. Feldman, Minger, Tolles & Olson LLP, pro hac vice,
Michael E. Soloff, Munger, Tolles & Olson LLP, pro hac vice, Nick
R. Sidney, Munger, Tolles & Olson LLP, pro hac vice, Ray S. Seilie,
Munger, Tolles & Olson LLP, pro hac vice, Richard C. St. John,
Munger Tolles & Olson, pro hac vice, Richard T. Thomson, Lapp Libra
Thomson Stoebner & Pusch, Chartered, Thomas Jacob, Wells Fargo Law
Department, pro hac vice & Todd J. Rosen, Munger Tolles & Olson
LLP, pro hac vice.

SouthTrust Mortgage Corporation, Defendant, represented by Nick R.
Sidney, Munger, Tolles & Olson LLP, pro hac vice.

Wells Fargo Financial Retail Credit, Inc., Defendant, represented
by Amy L. Schwartz, Lapp Libra Thomson Stoebner & Pusch, Chartered,
Daniel J. Supalla, Briggs & Morgan, PA, Eric P. Tuttle, Munger,
Tolles & Olson LLP, pro hac vice, Gregory D. Phillips, Munger,
Tolles & Olson, LLP, pro hac vice, John M. Gildersleeve, Munger,
Tolles & Olson LLP, pro hac vice, Kevin S. Allred, Munger, Tolles &
Olson LLP, pro hac vice, Kristopher Knabe, Buckley Sandler LLP, pro
hac vice, Marc T.G. Dworsky, Munger, Tolles & Olson, LLP, pro hac
vice, Maximillian L. Feldman, Minger, Tolles & Olson LLP, pro hac
vice, Michael E. Soloff, Munger, Tolles & Olson LLP, pro hac vice,
Nick R. Sidney, Munger, Tolles & Olson LLP, pro hac vice, Ray S.
Seilie, Munger, Tolles & Olson LLP, pro hac vice, Richard C. St.
John, Munger Tolles & Olson, pro hac vice, Richard T. Thomson, Lapp
Libra Thomson Stoebner & Pusch, Chartered, Thomas Jacob, Wells
Fargo Law Department, pro hac vice & Todd J. Rosen, Munger Tolles &
Olson LLP, pro hac vice.

Standard Pacific Mortgage, Inc., Defendant, represented by Daniel
J. Supalla, Briggs & Morgan, PA, Desiree Fernandez, Bilzin Sumberg
Baena Price & Axelrod LLP, pro hac vice, Erin Sindberg Porter,
Greene Espel PLLP, James J. Ward, Bilzin Sumberg Baena Price &
Axelrod LLP, pro hac vice, Jennifer L. Junger, Bilzin Sumberg, pro
hac vice, Jenny Gassman-Pines, Greene Espel PLLP, Jerry Goldsmith,
Bilzin Sumberg Baena Price & Axelrod LLP, pro hac vice, Kenneth
Duvall, Bilzin Sumberg Baena Price & Axelrod LLP, pro hac vice,
Philip R. Stein, Bilzin Sumberg Baena Price & Axelrod LLP, pro hac
vice & Shalia M. Sakona, Bilzin Sumberg Baena Price & Axelrod LLP,
pro hac vice.

iServe Residential Lending, LLC, Defendant, represented by Daniel
J. Supalla, Briggs & Morgan, PA, Erin Sindberg Porter, Greene Espel
PLLP, Jeanette M. Bazis, Greene Espel PLLP, Peter L. Loh, Gardere
Wynne Sewell, pro hac vice & Rachel Kingrey, Gardere Wynne Sewell
LLP, pro hac vice.

CTX Mortgage Company, LLC, Defendant, represented by Benjamin E.
Gurstelle, Briggs & Morgan, PA, Brandon P. Rose, Bilzin Sumberg
Baena Price & Azelrod LLP, Daniel J. Supalla, Briggs & Morgan, PA,
Desiree Fernandez, Bilzin Sumberg Baena Price & Axelrod LLP, pro
hac vice, James M. Jorissen, Leonard, O'Brien, Spencer, Gale &
Sayre, Ltd, James J. Ward, Bilzin Sumberg Baena Price & Axelrod
LLP, pro hac vice, Jerry Goldsmith, Bilzin Sumberg Baena Price &
Axelrod LLP, pro hac vice, Kenneth Duvall, Bilzin Sumberg Baena
Price & Axelrod LLP, pro hac vice, Paul J. Hemming, Briggs &
Morgan, PA & Philip R. Stein, Bilzin Sumberg Baena Price & Axelrod
LLP.

Pulte Homes, Inc., Defendant, represented by Benjamin E. Gurstelle,
Briggs & Morgan, PA & Paul J. Hemming, Briggs & Morgan, PA.

PulteGroup, Inc., Defendant, represented by Benjamin E. Gurstelle,
Briggs & Morgan, PA & Paul J. Hemming, Briggs & Morgan, PA.

Home Loan Center, Inc., Defendant, represented by Daniel J. Millea,
Zelle LLP, Daniel J. Supalla, Briggs & Morgan, PA, David S. Blatt,
Williams & Connolly, LLP, pro hac vice, David Keith Clouser,
Williams & Connolly LLP, pro hac vice, Elizabeth V. Kniffen, Zelle
Hofmann Voelbel & Mason LLP, Eric A. Kuhl, Williams & Connolly LLP,
pro hac vice, Jesse T. Smallwood, Williams & Connolly LLP, pro hac
vice, Krista Michelle Anderson, Williams and Connolly LLP, pro hac
vice, Kyle E. Thomason, Williams & Connolly LLP, pro hac vice,
Matthew Van Johnson, Williams & Connolly LLP, R. Hackney Wiegmann,
Williams & Connolly LLP, pro hac vice & Rory D. Zamansky, Zelle
LLP.

Decision One Mortgage Company, LLC, Defendant, represented by
Daniel J. Millea, Zelle LLP, Daniel J. Supalla, Briggs & Morgan,
PA, David S. Blatt, Williams & Connolly, LLP, pro hac vice, David
Keith Clouser, Williams & Connolly LLP, pro hac vice, Elizabeth V.
Kniffen, Zelle Hofmann Voelbel & Mason LLP, Eric A. Kuhl, Williams
& Connolly LLP, pro hac vice, Jesse T. Smallwood, Williams &
Connolly LLP, pro hac vice, Krista Michelle Anderson, Williams and
Connolly LLP, pro hac vice, Kyle E. Thomason, Williams & Connolly
LLP, pro hac vice, Matthew V. Johnson, Williams & Connolly LLP, pro
hac vice, Noorudin Mahmood Ahmad, Williams & Connolly LLP, pro hac
vice, R. Hackney Wiegmann, Williams & Connolly LLP, pro hac vice &
Rory D. Zamansky, Zelle LLP.

HSBC Finance Corporation, Defendant, represented by Daniel J.
Supalla, Briggs & Morgan, PA, David J. Stagman, Katten Muchin
Rosenman LLP, pro hac vice, Gregory S. Korman, Katten Muchin
Rosenman LLP, pro hac vice, Nicole M. Moen, Fredrikson & Byron, PA,
Stuart M. Richter, Katten Muchin Rosenman LLP, pro hac vice & Todd
A. Wind, Fredrikson & Byron, PA.

American Mortgage Network, LLC, Defendant, represented by Daniel J.
Supalla, Briggs & Morgan, PA & Nick R. Sidney, Munger, Tolles &
Olson LLP, pro hac vice.

Synovus Mortgage Corp., Defendant, represented by Brent D. Hitson,
Burr & Forman LLP, pro hac vice, Daniel J. Supalla, Briggs &
Morgan, PA, James M. Jorissen, Leonard, O'Brien, Spencer, Gale &
Sayre, Ltd, Mark G. Schroeder, Briggs & Morgan, PA & Victor L.
Hayslip, Burr & Forman LLP, pro hac vice.

Freedom Mortgage Corporation, Defendant, represented by Daniel J.
Supalla, Briggs & Morgan, PA, Desiree Fernandez, Bilzin Sumberg
Baena Price & Axelrod LLP, pro hac vice, Erin Sindberg Porter,
Greene Espel PLLP, James J. Ward, Bilzin Sumberg Baena Price &
Axelrod LLP, pro hac vice, Jennifer L. Junger, Bilzin Sumberg, pro
hac vice, Jenny Gassman-Pines, Greene Espel PLLP, Jerry Goldsmith,
Bilzin Sumberg Baena Price & Axelrod LLP, pro hac vice & Philip R.
Stein, Bilzin Sumberg Baena Price & Axelrod LLP, pro hac vice.

InterLinc Mortgage Services, LLC, Defendant, represented by Daniel
J. Supalla, Briggs & Morgan, PA, Jason R. Asmus, Briggs & Morgan,
PA, Mark G. Schroeder, Briggs & Morgan, PA & Michael M. Sawers,
Briggs & Morgan, PA.

Douglas Rohm, Defendant, represented by Brooke D. Anthony, Anthony
Ostlund Baer & Louwagie PA, Steven C. Kerbaugh, Anthony Ostlund
Baer & Louwagie PA & Steven M. Pincus, Anthony Ostlund Baer &
Louwagie PA.

Edward Danielczyk, Defendant, represented by Brooke D. Anthony,
Anthony Ostlund Baer & Louwagie PA, Steven C. Kerbaugh, Anthony
Ostlund Baer & Louwagie PA & Steven M. Pincus, Anthony Ostlund Baer
& Louwagie PA.

Primary Residential Mortgage, Inc., Defendant, represented by
Darryl Joseph Lee, Primary Residential Mortgage, Inc., pro hac
vice, Elizabeth V. Kniffen, Zelle Hofmann Voelbel & Mason LLP,
Jesse T. Smallwood, Williams & Connolly LLP, pro hac vice & Matthew
Van Johnson, Williams & Connolly LLP.

PNC Bank, N.A., Defendant, represented by Daniel J. Supalla, Briggs
& Morgan, PA & Mark G. Schroeder, Briggs & Morgan, PA.

BMO Harris Bank, N.A., Defendant, represented by Brett Joseph
Natarelli, Manatt, Phelps & Phillips, LLP, pro hac vice.

Origin Bank, Defendant, represented by Hilary Loynes Palazzolo,
Larson King, LLP, Michael J. Steinlage, Larson King, LLP & Peter J.
Gleekel, Larson King, LLP.

Decision One Mortgage Company, LLC, Counter Claimant, represented
by Daniel J. Millea, Zelle LLP, Daniel J. Supalla, Briggs & Morgan,
PA, David S. Blatt, Williams & Connolly, LLP, pro hac vice,
Elizabeth V. Kniffen, Zelle Hofmann Voelbel & Mason LLP, Eric A.
Kuhl, Williams & Connolly LLP, pro hac vice, Jesse T. Smallwood,
Williams & Connolly LLP, Kyle E. Thomason, Williams & Connolly LLP,
Matthew V. Johnson, Williams & Connolly LLP, Noorudin Mahmood
Ahmad, Williams & Connolly LLP & R. Hackney Wiegmann, Williams &
Connolly LLP.

Residential Funding Company, LLC, Counter Defendant, represented by
Anthony Paul Alden, Quinn Emanuel Urquhart & Sullivan, pro hac
vice, Bradley T. Smith, Felhaber Larson, Christina Wu, Quinn
Emanuel Urquhart & Sullivan LLP, pro hac vice, Daniel R. Kelly,
Felhaber Larson, David Lawrence Elsberg, Quinn Emanuel Urquhart &
Sullivan LLP, pro hac vice, David L. Hashmall, Felhaber Larson,
Deborah Kay Brown, Quinn Emanuel Urquhart & Sullivan LLP, pro hac
vice, Donald G. Heeman, Felhaber Larson, Duane R.A. Lyons, Quinn
Emanuel Urquhart & Sullivan, pro hac vice, Gabriel F. Soledad,
Quinn Emanuel Urquhart & Sullivan, Isaac Nesser, Quinn Emanuel
Urquhart & Sullivan, LLP, pro hac vice, Jeffrey Alan Lipps,
Carpenter Lipps & Leland LLP, pro hac vice, Jennifer A.L. Battle,
Carpenter Lipps & Leland LLP, pro hac vice, Jessica J. Nelson,
Felhaber Larson, Johanna Yao Ong, Quinn Emanuel Urquhart &
Sullivan, LLP, pro hac vice, Matthew R. Scheck, Quinn Emanuel
Urquhart & Sullivan, Molly Caroline Stephens, Quinn Emanuel
Urquhart & Sullivan, LLP, pro hac vice, Peter Evan Calamari, Quinn
Emanuel Urquhart & Sullivan, LLP, pro hac vice, Randi J. Winter,
Felhaber Larson, Richard R. Voelbel, Felhaber, Larson, Fenlon &
Vogt, PA, Ryan A. Olson, Felhaber Larson, Sarah J. Cole, Quinn
Emanuel Urquhart & Sullivan LLP, pro hac vice & Sascha N. Rand,
Quinn Emanuel Urquhart & Sullivan LLP, pro hac vice.

ResCap Liquidating Trust, Counter Defendant, represented by Deborah
Kay Brown, Quinn Emanuel Urquhart & Sullivan LLP, pro hac vice,
Jessica J. Nelson, Felhaber Larson, Randi J. Winter, Felhaber
Larson, Sascha N. Rand, Quinn Emanuel Urquhart & Sullivan LLP, pro
hac vice, Anthony Paul Alden, Quinn Emanuel Urquhart & Sullivan,
pro hac vice, Bradley T. Smith, Felhaber Larson, Christina Wu,
Quinn Emanuel Urquhart & Sullivan LLP, pro hac vice, Daniel R.
Kelly, Felhaber Larson, David Lawrence Elsberg, Quinn Emanuel
Urquhart & Sullivan LLP, pro hac vice, David L. Hashmall, Felhaber
Larson, Deborah Kay Brown, Quinn Emanuel Urquhart & Sullivan LLP,
pro hac vice, Donald G. Heeman, Felhaber Larson, Duane R.A. Lyons,
Quinn Emanuel Urquhart & Sullivan, pro hac vice, Gabriel F.
Soledad, Quinn Emanuel Urquhart & Sullivan, Isaac Nesser, Quinn
Emanuel Urquhart & Sullivan, LLP, pro hac vice, Jeffrey Alan Lipps,
Carpenter Lipps & Leland LLP, pro hac vice, Jennifer A.L. Battle,
Carpenter Lipps & Leland LLP, pro hac vice, Jessica J. Nelson,
Felhaber Larson, Johanna Yao Ong, Quinn Emanuel Urquhart &
Sullivan, LLP, pro hac vice, Matthew R. Scheck, Quinn Emanuel
Urquhart & Sullivan, Molly Caroline Stephens, Quinn Emanuel
Urquhart & Sullivan, LLP, pro hac vice, Peter Evan Calamari, Quinn
Emanuel Urquhart & Sullivan, LLP, pro hac vice, Randi J. Winter,
Felhaber Larson, Richard R. Voelbel, Felhaber, Larson, Fenlon &
Vogt, PA, Ryan A. Olson, Felhaber Larson, Sarah J. Cole, Quinn
Emanuel Urquhart & Sullivan LLP, pro hac vice, Sascha N. Rand,
Quinn Emanuel Urquhart & Sullivan LLP, pro hac vice, Anthony Paul
Alden, Quinn Emanuel Urquhart & Sullivan, pro hac vice, Bradley T.
Smith, Felhaber Larson, Christina Wu, Quinn Emanuel Urquhart &
Sullivan LLP, pro hac vice, Daniel R. Kelly, Felhaber Larson,
Danielle L. Gilmore, Quinn Emanuel Urquhart & Sullivan LLP, David
Lawrence Elsberg, Quinn Emanuel Urquhart & Sullivan LLP, pro hac
vice, David L. Hashmall, Felhaber Larson, Deborah Kay Brown, Quinn
Emanuel Urquhart & Sullivan LLP, pro hac vice, Donald G. Heeman,
Felhaber Larson, Duane R.A. Lyons, Quinn Emanuel Urquhart &
Sullivan, pro hac vice, Gabriel F. Soledad, Quinn Emanuel Urquhart
& Sullivan, Isaac Nesser, Quinn Emanuel Urquhart & Sullivan, LLP,
pro hac vice, Jeffrey Alan Lipps, Carpenter Lipps & Leland LLP, pro
hac vice, Jennifer A.L. Battle, Carpenter Lipps & Leland LLP, pro
hac vice, Jessica J. Nelson, Felhaber Larson, Johanna Yao Ong,
Quinn Emanuel Urquhart & Sullivan, LLP, pro hac vice, Matthew R.
Scheck, Quinn Emanuel Urquhart & Sullivan, Molly Caroline Stephens,
Quinn Emanuel Urquhart & Sullivan, LLP, pro hac vice, Peter Evan
Calamari, Quinn Emanuel Urquhart & Sullivan, LLP, pro hac vice,
Rachael L. McCracken, Quinn Emanuel Urquhart & Sullivan, LLP, Randi
J. Winter, Felhaber Larson, Richard R. Voelbel, Felhaber, Larson,
Fenlon & Vogt, PA, Ryan A. Olson, Felhaber Larson, Sarah J. Cole,
Quinn Emanuel Urquhart & Sullivan LLP, pro hac vice, Sascha N.
Rand, Quinn Emanuel Urquhart & Sullivan LLP, pro hac vice, Yelena
Konanova, Quinn Emanuel Urquhart & Sullivan, LLP, Zena Jacobsen,
Quinn Emanuel Urquhart & Sullivan, LLP, Anthony Paul Alden, Quinn
Emanuel Urquhart & Sullivan, pro hac vice, Bradley T. Smith,
Felhaber Larson, Christina Wu, Quinn Emanuel Urquhart & Sullivan
LLP, pro hac vice, Daniel R. Kelly, Felhaber Larson, Danielle L.
Gilmore, Quinn Emanuel Urquhart & Sullivan LLP, David Lawrence
Elsberg, Quinn Emanuel Urquhart & Sullivan LLP, pro hac vice, David
L. Hashmall, Felhaber Larson, Deborah Kay Brown, Quinn Emanuel
Urquhart & Sullivan LLP, pro hac vice, Donald G. Heeman, Felhaber
Larson, Duane R.A. Lyons, Quinn Emanuel Urquhart & Sullivan, pro
hac vice, Gabriel F. Soledad, Quinn Emanuel Urquhart & Sullivan,
Isaac Nesser, Quinn Emanuel Urquhart & Sullivan, LLP, pro hac vice,
Jeffrey Alan Lipps, Carpenter Lipps & Leland LLP, pro hac vice,
Jennifer A.L. Battle, Carpenter Lipps & Leland LLP, pro hac vice,
Jessica J. Nelson, Felhaber Larson, Johanna Yao Ong, Quinn Emanuel
Urquhart & Sullivan, LLP, pro hac vice, Matthew R. Scheck, Quinn
Emanuel Urquhart & Sullivan, Molly Caroline Stephens, Quinn Emanuel
Urquhart & Sullivan, LLP, pro hac vice, Peter Evan Calamari, Quinn
Emanuel Urquhart & Sullivan, LLP, pro hac vice, Rachael L.
McCracken, Quinn Emanuel Urquhart & Sullivan, LLP, Randi J. Winter,
Felhaber Larson, Richard R. Voelbel, Felhaber, Larson, Fenlon &
Vogt, PA, Ryan A. Olson, Felhaber Larson, Sarah J. Cole, Quinn
Emanuel Urquhart & Sullivan LLP, pro hac vice, Sascha N. Rand,
Quinn Emanuel Urquhart & Sullivan LLP, pro hac vice, Yelena
Konanova, Quinn Emanuel Urquhart & Sullivan, LLP & Zena Jacobsen,
Quinn Emanuel Urquhart & Sullivan, LLP.

Residential Funding Company, LLC, Counter Defendant, represented by
Anthony Paul Alden, Quinn Emanuel Urquhart & Sullivan, pro hac
vice, Bradley T. Smith, Felhaber Larson, Christina Wu, Quinn
Emanuel Urquhart & Sullivan LLP, pro hac vice, Daniel R. Kelly,
Felhaber Larson, David Lawrence Elsberg, Quinn Emanuel Urquhart &
Sullivan LLP, pro hac vice, David L. Hashmall, Felhaber Larson,
Deborah Kay Brown, Quinn Emanuel Urquhart & Sullivan LLP, pro hac
vice, Donald G. Heeman, Felhaber Larson, Duane R.A. Lyons, Quinn
Emanuel Urquhart & Sullivan, pro hac vice, Gabriel F. Soledad,
Quinn Emanuel Urquhart & Sullivan, Isaac Nesser, Quinn Emanuel
Urquhart & Sullivan, LLP, pro hac vice, Jeffrey Alan Lipps,
Carpenter Lipps & Leland LLP, pro hac vice, Jennifer A.L. Battle,
Carpenter Lipps & Leland LLP, pro hac vice, Jessica J. Nelson,
Felhaber Larson, Johanna Yao Ong, Quinn Emanuel Urquhart &
Sullivan, LLP, pro hac vice, Matthew R. Scheck, Quinn Emanuel
Urquhart & Sullivan, Molly Caroline Stephens, Quinn Emanuel
Urquhart & Sullivan, LLP, pro hac vice, Peter Evan Calamari, Quinn
Emanuel Urquhart & Sullivan, LLP, pro hac vice, Randi J. Winter,
Felhaber Larson, Richard R. Voelbel, Felhaber, Larson, Fenlon &
Vogt, PA, Ryan A. Olson, Felhaber Larson, Sarah J. Cole, Quinn
Emanuel Urquhart & Sullivan LLP, pro hac vice & Sascha N. Rand,
Quinn Emanuel Urquhart & Sullivan LLP, pro hac vice.

                   About Residential Capital

Residential Capital LLC, the unprofitable mortgage subsidiary of
Ally Financial Inc., filed for bankruptcy protection (Bankr.
S.D.N.Y. Lead Case No. 12-12020) on May 14, 2012.  Neither Ally
Financial nor Ally Bank is included in the bankruptcy filings.

ResCap, one of the country's largest mortgage originators and
servicers, was sent to Chapter 11 with 50 subsidiaries amid
"continuing industry challenges, rising litigation costs and
claims, and regulatory uncertainty," according to a company
statement.

ResCap disclosed $15.7 billion in assets and $15.3 billion in
liabilities at March 31, 2012.

Centerview Partners LLC and FTI Consulting are acting as financial
advisers to ResCap.  Morrison & Foerster LLP is acting as legal
adviser to ResCap.  Curtis, Mallet-Prevost, Colt & Mosle LLP is the
conflicts counsel.  Rubenstein Associates, Inc., is the public
relations consultants to the Company in the Chapter 11 case.
Morrison Cohen LLP is advising ResCap's independent directors.
Kurtzman Carson Consultants LLP is the claims and notice agent.

Ray C. Schrock, Esq., at Kirkland & Ellis LLP, in New York, serves
as counsel to Ally Financial.

ResCap sold most of the businesses for a combined $4.5 billion.

The Bankruptcy Court in November 2012 approved ResCap's sale of its
mortgage servicing and origination platform assets to Ocwen Loan
Servicing, LLC, and Walter Investment Management Corporation for $3
billion; and its portfolio of roughly 50,000 whole loans to
Berkshire Hathaway for $1.5 billion.

Judge Martin Glenn in December 2013 confirmed the Joint Chapter 11
Plan co-proposed by Residential Capital and the Official Committee
of Unsecured Creditors.

                      *     *     *

The ResCap Liquidating Trust was established in December 2013 under
the Second Amended Joint Chapter 11 Plan of Residential Capital,
LLC, et al., to liquidate and distribute assets of the debtors in
the ResCap bankruptcy case.  The Trust maintains a website at
www.rescapliquidatingtrust.com, which Unitholders are urged to
consult, where Unitholders may obtain information concerning the
Trust, including current developments.


RESTAURANT SALTIMBANCO: Wants Plan Filing Period Moved to Nov. 21
-----------------------------------------------------------------
Restaurant Saltimbanco, Inc., and Saltimbanco LLC, doing business
as Osteria Del Circo, ask the U.S. Bankruptcy Court for the
Southern District of New York to extend for 120 days the time
within which the Debtors have the exclusive right to file a plan of
reorganization and to solicit acceptances with respect thereto,
through and including Nov. 21, 2017 and Jan. 18, 2018,
respectively.

No prior application for an extension of the Exclusive Periods has
been made by the Debtors.  Absent the requested extension, the
current exclusivity period and acceptance period will expire on
July 24, 2017 and Sept. 20, 2017, respectively.

The Debtors tell the Court that they have used the first 120 days
of their chapter 11 cases to stabilize their business, and now
require an additional 120 days to determine if they will be able to
file a confirmable plan of reorganization.

The Debtors relate that since the Petition Date, they have focused
considerable efforts on reducing costs in an effort to increase
revenue.  As of July 21, 2017, the Debtors have been able to
operate their business and pay administrative expenses, including
their rent to their landlord. Additionally, the Debtors have also
looked to other sources of income, namely the Debtors' wine
collection.  The Debtors mention that they have received the
Court's authority to sell a portion of its wine inventory at
auction, which yielded approximately $26,000 in proceeds that can
be used towards the Debtors' reorganization.

In addition to operating the restaurant, the Debtors have also
extended their time to assume or reject their lease through October
23, 2017. The Debtors have also set a bar date by order of the
Court for July 31, 2017.

Accordingly, the Debtors wish to preserve its right to file a plan
of reorganization so that it may determine its reorganization
possibilities and should not be concerned with a third-party filing
a competing plan of reorganization while it is still operating its
business.

The Debtors believe that the requested extensions will promote the
Debtors' orderly reorganization without the need to devote
unnecessary time, money and energy defending against or responding
to a competing plan.

                  About Restaurant Saltimbanco

Saltimbanco is the holder of the lease from which Circo operates an
upscale Italian restaurant located at 120 West 55th Street, New
York, New York.

Restaurant Saltimbanco, Inc., sought Chapter 11 protection (Bankr.
S.D.N.Y. Case No. 17-10719) on March 24, 2017.  The petition was
signed by Mauro Maccioni, president.  The Debtor estimated assets
of $0 to $50,000 and $50,001 to $100,000 in debt.  The Debtor
tapped Arnold Mitchell Greene, Esq., at Robinson Brog Leinwand
Greene, as counsel.  

Judge Sean H. Lane presides over the case.
          
The Debtor employs Acker Auction, Inc., as auctioneer.

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


ROGERS & SON: Exclusive Plan Filing Deadline Moved to Oct. 31
-------------------------------------------------------------
The Hon. Robert N. Opel, II, of the U.S. Bankruptcy Court for the
Middle District of Pennsylvania has extended, at the behest of
Rogers & Son Lawn Care & Landscaping, LLC, the exclusive period for
the Debtor to file a Chapter 11 plan and Disclosure Statement until
Oct. 31, 2017, and the time within which to file a Plan and
Disclosure Statement until Feb. 28, 2018.

As reported by the Troubled Company Reporter on July 3, 2017, the
Debtor sought the extension, telling the Court that it has
restructured all of its secured debt.  Motions seeking approval of
the Debtor's secured debts are currently pending before the Court.
The Debtor explained it would need the summer season, when it is
most active and profitable, to gauge the anticipated levels of
revenue and expenses in order to determine the ability of the
Debtor corporation to pay its secured debt, its overhead and
expenses and return a dividend to its general, unsecured creditors.


                   About Rogers & Son Lawn Care

Rogers & Son Lawn Care & Landscaping, LLC, filed a Chapter 11
bankruptcy petition (Bankr. M.D.Pa. Case No. 17-00367) on Feb. 1,
2017.  The Debtor estimated assets and liabilities are both below
$1 million.  Lawrence V. Young, Esq., at CGA Law Firm, serves as
bankruptcy counsel.


ROSETTA GENOMICS: Amends Prospectus for 1.5M Units Offering
-----------------------------------------------------------
Rosetta Genomics Ltd. filed with the Securities and Exchange
Commission an amendment No. 3 to its Form F-1 registration
statement relating to the offering, on a best efforts basis, of up
to 1,500,000 Class A Units, with each Class A Unit consisting of
(i) one ordinary share, par value NIS 7.2, or Ordinary Shares, and
(ii) a warrant to purchase one Ordinary Share, or a Series A
Warrant.

The Company does not currently have a sufficient number of
authorized Ordinary Shares to cover the shares issuable upon
exercise of the Series A Warrants being offered by this prospectus.
As a result, before any Series A Warrants can become exercisable,
the Company will seek shareholder approval of an amendment to its
amended and restated articles of association to increase the number
of authorized Ordinary Shares to 20,000,000 Ordinary Shares at a
special meeting of shareholders.  While all current directors and
executive officers are supportive of the Charter Amendment, the
Company cannot assure that it will be able to obtain requisite
shareholder approval of the Charter Amendment. In the event the
Company's shareholders do not approve the Charter Amendment, the
Series A Warrants will not be exercisable and may not have any
value.  

The Series A Warrants will expire five years from the date the
Series A Warrants are first exercisable.  Each Class A Unit will be
sold at an assumed public offering price of $2.62 per unit, the
closing price of the Company's Ordinary Shares on the NASDAQ
Capital Market on July 21, 2017.  The actual offering price per
Class A Unit will be determined between the Company and the
placement agent at the time of pricing and may be at a discount to
the current market price.  The Class A Units will not be issued or
certificated.  The Ordinary Shares and Series A Warrants part of a
Class A Unit are immediately separable and will be issued
separately, but will be purchased together in this offering.

The Company is also offering to those purchasers, if any, whose
purchase of Class A Units in this offering would result in the
purchaser, together with its affiliates and certain related
parties, beneficially owning more than 4.99% of its outstanding
Ordinary Shares immediately following the consummation of this
offering, the opportunity to purchase, if they so choose, up to
1,500,000 Class B Units, in lieu of Class A Units that would
otherwise result in beneficial ownership in excess of 4.99% (or at
the election of the purchaser, 9.99%) of its outstanding Ordinary
Shares, with each Class B Unit consisting of (i) a pre-funded
warrant to purchase one Ordinary Share, or a Series B Warrant, and
(ii) a Series A Warrant to purchase one Ordinary Share.  The Series
B Warrants will have an exercise price of $0.01 per Ordinary Share
and will be exercisable immediately until exercised in full.  Each
Class B Unit will be sold at an assumed public offering price of
$2.61.  The actual offering price per Class B Unit will be
determined between the Company and the placement agent at the time
of pricing and may be at a discount to the current market price,
but will be identical to the offering price of Class A Unit minus
$0.01.  The Class B Units will not be issued or certificated.  The
pre-funded Series B Warrants and the Series A Warrants part of a
Class B Unit are immediately separable and will be issued
separately, but will be purchased together in this offering.  There
can be no assurance that the Company will sell any of the Series B
Warrants being offered.

The Ordinary Shares issuable from time to time upon exercise of the
Series A Warrants (which is subject to the Charter Amendment) and
the pre-funded Series B Warrants are also being offered by this
prospectus.

The Company's Ordinary Shares are currently listed on the NASDAQ
Capital Market under the symbol "ROSG."  On July 21, 2017, the last
reported sale price of the Company's Ordinary Shares was $2.62 per
share.  There is currently no established public trading market for
the Series A Warrants and the pre-funded Series B Warrants offered
in this offering.  The Series A Warrants and pre-funded Series B
Warrants are not and will not be listed for trading on any national
securities exchange.

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

                      https://is.gd/ZkaVCu

                      About Rosetta Genomics

Based in Rehovot, Israel, Rosetta Genomics Ltd. is seeking to
develop and commercialize new diagnostic tests based on a recently
discovered group of genes known as microRNAs.  MicroRNAs are
naturally expressed, or produced, using instructions encoded in
DNA and are believed to play an important role in normal function
and in various pathologies.  The Company has established a CLIA-
certified laboratory in Philadelphia, which enables the Company to
develop, validate and commercialize its own diagnostic tests
applying its microRNA technology.

Rosetta Genomics reported a net loss of US$16.23 million on US$9.23
million of total revenues for the year ended Dec. 31, 2016,
compared to a net loss of US$17.34 million on US$8.26 million of
total revenues for the year ended Dec. 31, 2015.  As of Dec. 31,
2016, Rosetta had US$11.96 million in total assets, US$7.54 million
in total liabilities and $4.41 million in total
shareholders' equity.

Kost Forer Gabby & Kasierer, a member of Ernst & Young Global, in
Tel-Aviv, Israel, issued a "going concern" qualification on the
consolidated financial statements for the year ended Dec. 31, 2016,
citing that the Company has recurring losses from operations and
has limited liquidity resources that raise substantial doubt about
its ability to continue as a going concern.


RUE21 INC: Seeks Plan Filing Exclusivity Extension Until January
----------------------------------------------------------------
rue21, inc. and its debtor affiliates ask the U.S. Bankruptcy Court
for the Western District of Pennsylvania to extend the exclusive
period to file a chapter 11 plan and to solicit votes thereon by
approximately 120 days, through and including Jan. 10, 2018 and
April 9, 2018, respectively.

In just over two months since the Petition Date, the Debtors have
made substantial progress towards achieving their restructuring
goals, among other things, the Debtors have:

   (a) stabilized operations and ensured a smooth transition into
chapter 11 through the approval of first day motions, including
garnering crucial authority to continue important customer
programs, honor wages in the ordinary course of business, and
maintain their cash management system;

   (b) coordinated critical efforts in connection with the Debtors'
valuable customer, vendor, and landlord relationships, requiring
review and analysis of hundreds of complex, large, and highly
technical contracts and leases;

   (c) negotiated and obtained final approval for the Debtors' two
debtor-in-possession financing facilities and use of cash
collateral which, though heavily negotiated, was achieved on a
fully-consensual basis;

   (d) promptly completed their schedules of assets and liabilities
and statements of financial affairs, which required review and
analysis of over a thousand claims, assets, and contracts of each
of the Debtors, culminating in the filing of those documents on
June 20, 2017;

   (e) filed a plan of reorganization and related disclosure
statement on June 1, 2017 and filed an amended plan of
reorganization and related disclosure statement on July 12, 2017;

   (f) obtained approval of the amended disclosure statement on
July 14, 2017;

   (g) prepared a business plan and related materials, which
together lay the groundwork for the Plan;

   (h) obtained key stakeholder support of the Plan, including the
support of the Creditors Committee;

   (i) presented the business plan and related documents to all
major creditor constituencies or their advisors in order to ensure
progress on a consensual path toward exiting chapter 11;

   (j) made substantial progress toward rationalizing the Debtors'
store footprint by winding down store operations and rejecting
related leases;

   (k) engaged with all key stakeholders and their advisors,
including the Creditors Committee, with the ultimate goal of
achieving consensus and reducing administrative costs; and

   (l) made substantial progress towards arranging exit financing
(including through a potential "first in, last out" liquidity
facility that was not contemplated at the outset of the cases).

Despite the progress achieved to date, the Debtors believe that
significant work remains to be done.  The Debtors therefore seek a
120-day extension of the Exclusivity Periods to ensure that the
Debtors are able to continue working toward their goal of
confirming a consensual, value-maximizing chapter 11 plan of
reorganization without the risk of a potential third party plan
proposal delaying that process.

A hearing on the Debtor's Motion will be held on Aug. 16, 2017 at
2:00 p.m. Any objections to the Motion are due by Aug. 9.

                           About rue21

rue21 -- http://www.rue21.com/-- is a teen specialty apparel
retailer.  For over 37 years, rue21 has been famous for offering
the latest trends at an affordable price point.  It has core brands
in girls' apparel (rue21), intimate apparel (true), girls'
accessories (etc!), girls' cosmetics (ruebeaute!), guys' apparel
and accessories (Carbon), girls' plus-size apparel (rue+), and
girls' swimwear (ruebleu).  The company is headquartered in
Warrendale, Pennsylvania and have one distribution center located
in Weirton, West Virginia.

Headquartered just north of Pittsburgh, Pennsylvania, rue21 had
1,179 stores in 48 states in shopping malls, outlets and strip
centers, and on its website.  In April, Company began the process
of closing approximately 400 underperforming stores in its 1,179
store fleet in order to streamline operations.

On May 15, 2017, rue21, inc., and affiliates filed voluntary
petitions for relief under Chapter 11 of the Bankruptcy Code
(Bankr. W.D. Pa. Lead Case No. 17-22045).  Todd M. Lenhart, the
Company's senior vice president, treasurer, chief financial
officer, and chief accounting officer, signed the petitions.

The Debtors have sought joint administration of the Chapter 11
cases.  The Honorable Gregory L. Taddonio is the case judge.

The Debtors tapped Reed Smith LLP as local counsel; Kirkland &
Ellis LLP as bankruptcy counsel; Rothschild Inc., as investment
banker; Berkeley Research Group, LLC, as financial advisor; A&G
Realty Partners, LLC, as real estate advisor and consultant; and
Kurtzman Carson Consultants LLC as claims and notice agent.

rue21 estimated $1 billion to $10 billion in assets and
liabilities.

Counsel to the DIP Term Loan Agent, DIP Term Loan Lenders,
Prepetition Term Loan Agent and Term Loan Steering Committee are
Scott J. Greenberg, Esq., Michael J. Cohen, Esq., and Jeffrey J.
Bresch, Esq., at Jones Day.

Counsel to the DIP ABL Agent and the Prepetition ABL Agent are
Julia Frost-Davies, Esq., and Amelia C. Joiner, Esq., at Morgan
Lewis & Bockius LLP; and James D. Newell, Esq., and Timothy Palmer,
Esq., at Buchanan Ingersoll & Rooney PC.

The Sponsor Lenders are represented by Simpson Thacher & Bartlett's
Elisha D. Graff, Esq.

An Ad Hoc Cross-Holder Group is represented by Milbank, Tweed,
Hadley & McCloy's Gerard Uzzi, Esq., and Eric Stodola, Esq.

Andrew R. Vara, Acting U.S. Trustee for Region 3, on May 23, 2017,
appointed seven creditors to serve on the official committee of
unsecured creditors.  The Committee has tapped Cooley LLP as
counsel; and Fox Rothschild LLP as local counsel.


SALON MEDIA: Concludes Private Placement of 1.2M Common Shares
--------------------------------------------------------------
The Board of Directors of Salon Media Group, Inc., determined to
conclude the final closing of a private placement that was entered
into pursuant to a Purchase Agreement among the Company and certain
purchasers to issue and sell to the Purchasers in the Private
Placement shares of the Company's Series A Mandatorily Convertible
Voting Preferred Stock.  At a special meeting concluded on Jan. 24,
2017, the Board of Directors approved the designation of the Series
A Preferred Stock.  The Company has authorized the issuance and
sale in the Private Placement up to 2,417,471 shares of the Series
A Preferred Stock, at the purchase price of $1.24 per share.

The Company completed the purchase and sale of the shares of the
Series A Preferred Stock in three stages.  As reported in the
Company's Current Report on Form 8-K, filed with the Securities and
Exchange Commission on Jan. 27, 2017, the initial Closing was
completed on Jan. 26, 2017.  In the Initial Closing, the Company
sold to the Purchasers an aggregate of 805,824 shares of Series A
Preferred Stock for a total purchase price of $1 million.  The
purchase price was paid either in cash or by delivery for
cancellation of certain demand promissory notes made by the Company
to certain of the Purchasers who had advanced funds to the Company
in anticipation of the Initial Closing.

As reported in the Company's Current Report on Form 8-K, filed with
the SEC on March 27, 2017, the second Closing was completed on
March 23, 2017.  At the Second Closing, the Company sold to the
Purchasers an aggregate of 173,252 shares of Series A Preferred
Stock for a total purchase price of $0.215 million.  The Second
Closing included only investors who had previously indicated
interest in participating in the Private Placement.

The Board determined to conclude the Final Closing on July 20,
2017.  At the Final Closing, the Company sold to the Purchasers an
aggregate of 221,601 shares of Series A Preferred Stock for a total
purchase price of $0.275 million.  The Final Closing included only
investors who had previously indicated interest in participating in
the Private Placement.

The Purchasers in each Closing included the Company's Chief
Executive Officer, Jordan Hoffner, and certain of his family
members, the Company's Chief Financial Officer, Elizabeth
Hambrecht, and the Company's director, William Hambrecht.

The sale of the shares of Series A Preferred Stock pursuant to the
Purchase Agreement is being made in reliance upon an exemption from
the registration requirements of the Securities Act of 1933, as
amended, pursuant to Section 4(a)(2) thereof.

                        About Salon Media

San Francisco, Calif.-based Salon Media Group (OTC BB: SLNM.OB) --
http://www.Salon.com/-- is an online news and social networking
company and an Internet publishing pioneer.

Salon Media reported a net loss attributable to common stockholders
of $10.43 million on $4.57 million of net revenue for the year
ended March 31, 2017, compared to a net loss attributable to common
stockholders of $1.96 million on $6.95 million of net revenue for
the year ended March 31, 2016.  

As of March 31, 2017, Salon Media had $1.34 million in total
assets, $4.25 million in total liabilities, $6.86 million in series
A convertible preferred stock, and a total stockholders' deficit of
$9.77 million.

BPM LLP, in San Francisco, California, issued a "going concern"
qualification on the consolidated financial statements for the year
ended March 31, 2017, noting that the Company has suffered
recurring losses and negative cash flows from operations and has an
accumulated deficit of $135.0 million as of March 31, 2017.  These
conditions raise substantial doubt about its ability to continue as
a going concern.


SCARBOROUGH & HARGETT: Trustee's $275K Sale of All Assets Okayed
----------------------------------------------------------------
Judge Catharine R. Aron of the U.S. Bankruptcy Court for the Middle
District of North Carolina authorized John Paul H. Cournoyer,
Trustee for Scarborough & Hargett Funeral Home, Inc., to sell
substantially all assets of the Debtor to Scarborough & Hargett
Celebration of Life Center, Inc., for $275,000.

The assets to be purchased consist of all of the Debtor's (i)
tangible personal property, including but not limited to vehicles,
furniture, equipment, inventory and supplies, (ii) accounts
receivable, (iii) cash, (iv) Met Life stock, (v) the real property
located at 6433 Guess Road, Durham, NC, (vi) proprietary
information, intellectual property, trade secrets and confidential
information, including but not limited to the "Scarborough &
Hargett Funeral Home" name (and any versions, derivatives or
similar variations), any other logos, symbols, emblems, insignia or
similar names, and (vi) all books and records related to the Sale
Assets and the operation of the Seller's business.

The sale is "as is, where is," without any representation as to
warranty or fitness, subject to wear and tear, and free and clear
of all Liens.  Any and all liens, encumbrances, or interests in the
Sale Assets will be transferred to the sale proceeds.

The Asset Purchase Agreement is approved, subject to these
revisions:

          a. Section 2.3 is modified to insert the following
sentence: "Provided however, the Purchaser will reimburse the
Seller's bankruptcy estate for one-half (1/2) of the 2016 tax
claims owed by the Seller's bankruptcy estate, within ten (10)
business days of the same being paid to the applicable taxing
authorities by the Seller’s bankruptcy estate."

          b. Sections 2.4 and 2.5 of the APA are deleted.  No
executory contracts or leases will be assumed or assigned pursuant
to the Order.

          c. The first monthly installment payment toward the
Earnout, under Section 3.2. of the APA, will commence on Sept. 1,
2017.

          d. The first sentence of Section 4.1 of the APA is
revised to state: "The closing of the transaction contemplated
hereby will take place (the "Closing" or "Closing Date") within
five (5) business days of the entry of the Sale Order."

          e. Section 10.1.4 of the APA is hereby revised to state:
"There will be no lien or other security interest on the collateral
to be provided to the Seller as set forth in Section 3.3."

The 14-day stay provided in Bankruptcy Rule 6004(h) is waived and
will not apply.  The Trustee is authorized to sell the Sale Assets
to the Purchaser, pursuant to the APA as revised by the Order,
immediately upon entry of the Order.  

                    About Scarborough & Hargett

Scarborough & Hargett Funeral Home Inc. is a North Carolina
corporation organized in February 1958.  However, the first
funeral
home was started in 1871.  It is a 4th generation funeral home
service  located at 932 Old Fayetteville Street, Suite B, Durham,
North Carolina.  In 18888, Joseph Crooms Hargett, the
father-in-law, formed a partnership with John Clarence
Scarborough,
Sr., the son-in-law, as Scarborough and Hargett Undertakers.  The
company moved to Durham in 1900 and has been providing services to
African American families continuously for the past 142 years.

Scarborough & Hargett Funeral Home sought protection under Chapter
11 of the Bankruptcy Code (Bankr. M.D.N.C. Case No. 16-80220) on
March 11, 2016.  The
petition was signed by J. C. Scarborugh III, president.  The
Debtor
estimated assets of $50,000 to $100,000 and debts of $1 million to
$10 million.  The Debtor was represented by Florence A. Bowens,
Esq.  

The case is assigned to Judge Catharine R. Aron.

No official committee of unsecured creditors has been appointed in
the case.

John Paul H. Cournoyer, Esq., was appointed as chapter 11 trustee
for the Debtor on Feb. 21, 2017.  John Paul H. Cournoyer, Esq.,
at Northen Blue, LLP serves as counsel for the Trustee.


SEARS HOLDINGS: Egan-Jones Cuts Sr. Unsec. Ratings to C
-------------------------------------------------------
Egan-Jones Ratings Company, on June 9, 2017, lowered the senior
unsecured ratings on debt issue by Sears Holdings Corp. to C from
CC.

Sears Holdings Corporation is an American holding company
headquartered in Hoffman Estates, Illinois. It is the owner of
retail store brands Sears and Kmart, and was founded after the
latter purchased the former in 2005.


SEMGROUP LP: 3rd Cir. Affirms Ruling in Favor of Downstream Buyers
------------------------------------------------------------------
Appellants, who are oil producers, sold their product to SemGroup
L.P. and affiliates (including SemCrude L.P.), midstream oil and
gas service providers and the Debtors in the underlying Chapter 11
cases. SemGroup sold oil to and traded oil futures with Appellees,
downstream oil purchasers. The producers took no actions to protect
themselves in case of SemGroup's insolvency. The downstream
purchasers did; in the case of default, they could set off the
amount they owed SemGroup for oil by the amount SemGroup would owe
them for the value of the outstanding futures trades. Accordingly,
when SemGroup filed for bankruptcy, the downstream purchasers were
paid in full while the oil producers were paid only in part.

After a discovery process involving more than 100 parties, over 150
depositions, and millions of pages of documents, J. Aron & Co. and
BP Oil Supply Co. moved for summary judgment against the
Appellant-Producers. The Bankruptcy Court filed proposed findings
of facts and conclusions of law recommending summary judgment in
favor of J. Aron and BP. It concluded in exceptional depth and
easily understood language that there was no evidence of fraud and
that J. Aron and BP purchased the oil from SemGroup free of any
purported security interest either as (1) buyers for value, or (2)
as buyers in the ordinary course. The District Court overruled the
Producers' objections to the Bankruptcy Court's recommendation and
adopted it.

Because the oil producers did not take precautionary measures to
ensure payment in case of SemGroup's insolvency, all they have to
rely on are local laws they contend give them automatically
perfected security interests or trust rights in the oil that ended
up in the hands of the downstream purchasers. But the parties who
took precautions against insolvency do not act as insurers to those
who took none. Accordingly, the U.S. of Court of Appeals Third
Circuit affirms the grant of summary judgment in the downstream
purchasers' favor.

The Producers' claims do not rely on bankruptcy law. They are based
on state statutes and common law fraud. The Texas and Kansas
Producers argue that, under their states' nonuniform amendments to
the Uniform Commercial Code, they had perfected security interests
in the oil they sold to SemGroup and J. Aron and BP took the oil
subject to these interests. The Oklahoma Producers bring separate
claims derived from an Oklahoma statute they contend imposes an
implied trust for their benefit. They also claim to have an
equitable interest in the oil proceeds J. Aron and BP took to set
off the options debt.

As noted, the Texas and Kansas Producers rely on their states'
nonuniform amendments to the Uniform Commercial Code, which they
argue give them automatically perfected security interests in the
oil they sold to SemGroup that J. Aron and BP ultimately received.
The Third Circuit concludes that the Producers do not have a
perfected security interest even if Texas or Kansas law applied.
Accordingly, J. Aron and BP purchased the oil from SemGroup free of
any lien as buyers for value.

Next, the Court turns to these Producers' fraud claim and agrees
with the Bankruptcy and District Courts that there is no evidence
of fraud. J. Aron and BP took precautions to protect themselves in
case SemGroup became insolvent, but they did not defraud SemGroup's
other creditors.

The Court also addresses the Oklahoma Producers' claims based on an
Oklahoma statute they contend imposes a trust relationship between
them and anyone who purchases their oil. The Third Circuit asserts
that interpretation lacks logic and is not supported by the
statute's text.

The oil industry operates through sales on credit. It involves
thousands of producers and those producers represent countless
interest owners who have fractionalized interests at the well.
Downstream purchasers have no contact with these producers and do
not even know who they are. This oil is pooled with myriad other
producers' oil and is resold many times before consumers get it at
the retail pump. The industry thus uses the Conoco warranty that
this oil is sold free and clear of any liens because it is a
hard-to-trace, liquid asset that flows throughout the country.

In sum, if any producer of oil tries to sell it subject to a
security interest or implied trust that flows endlessly down the
stream of commerce, it will be unsold. The Producers' contention
that a lien or trust follows oil from their wells to the gas pump
does not make sense for this type of market. The effect of any
opinion from us upholding the Producers' positions would be chaos.
The Third Circuit, thus, affirms the superbly reasoned rulings of
both the Bankruptcy and District Courts.

The  appeals case is ARROW OIL & GAS, INC., et al, v. J. ARON &
COMPANY, et al. ANSTINE & MUSGROVE, INC; ARROW OIL & GAS INC;
BEASLEY OIL COMPANY; BLAKE EXPLORATION LLC; BRADEN-DEEM INC; CALVIN
NOAH, d/b/a Calvin Noah Oil Company; CMX INC; CASEY MUSGROVE OIL
CO, INC; CENTRAL OPERATING INC; CLARK EXPLORATION COMPANY; CORAL
COAST PETROLEUM INC; CRAWLEY PETROLEUM CORP; DC ENERGY INC; D.E.
EXPLORATION INC; DAVIS PETROLEUM INC; DAYSTAR PETROLEUM INC; DK
OPERATING INC; DOUBLE EAGLE EXPLORATION INC; DRILLERS AND PRODUCERS
INC; DUNCAN OIL PROPERTIES INC; FAIRFIELD OIL & GAS CORP; THE GLOCO
LLC; GMX RESOURCES INC; GRA EX, LLC; GREAT PLAINS ENERGY, INC;
GROUND DEVELOPMENT CO; HERMAN L LOEB, LLC; H.I. INC; J&D
INVESTMENTS, LLC; JACK EXPLORATION, INC; KAHAN & ASSOCIATES INC;
KEITH F. WALKER OIL & GAS CO., LLC; KINGERY DRILLING CO; KLM
EXPLORATION COMPANY INC; LANCE RUFFEL OIL & GAS CORPORATION;
LANDMARK RESOURCES INC; LARIO OIL & GAS CO; L&J OIL PROPERTIES,
INC; LD DRILLING, INC; LITTLE BEAR RESOURCES, INC; McCOY PETROLEUM
CORPORATION; McGINESS OIL COMPANY OF KANSAS; MESA EXPLORATION
COMPANY, INC; MID-CONTINENT ENERGY CORPORATION; MOLITOR OIL, INC;
MULL DRILLING COMPANY, INC; MURFIN DRILLING COMPANY, INC; MUSGROVE
ENERGY INC; MUSTANG FUEL CORP; NYTEX ENERGY LLC; OIL COMPANY OF
AMERICA INC; OKLAHOMA OIL & GAS MANAGEMENT INC; PICKRELL DRILLING
COMPANY, INC; PROLIFIC RESOURCES, LLC; RAMA OPERATING COMPANY, INC;
RANDON PRODUCTION COMPANY INC; RED OAK ENERGY INC; RITCHIE
EXPLORATION INC; RJ SPERRY CO; ROSS HOENER, INC; SEEKER, LLC; SHORT
& SHORT, LLC; SNYDER PARTNERS; STEPHENS & JOHNSON OPERATING CO;
TEMPEST ENERGY RESOURCES LP; TEX-OK ENERGY LIMITED PARTNERSHIP; TGT
PETROLEUM CORPORATION; THREE-D RESOURCES, INC; THOROUGHBRED
ASSOCIATES, LLC; TRIPLEDEE DRILLING CO., LLC; TRIPOWER RESOURCES,
LLC; VIKING RESOURCES, INC; V.J.I. NATURAL RESOURCES INC; VEENKER
RESOURCES, INC; VESS OIL CORPORATION; VINCENT OIL CORPORATION; W.D.
SHORT OIL COMPANY, LLC; WELLCO ENERGY, INC; WELLSTAR CORPORATION;
WHITE EXPLORATION INC; WHITE PINE PETROLEUM CORPORATION,
Appellants. BP OIL SUPPLY COMPANY, v. SEMGROUP, L.P., et al. Star
Production, Inc; LSC Production Company, Appellants. J. ARON &
COMPANY, v. SEMGROUP, L.P., et al. IC-Co, Inc., Appellant. IC-CO,
INC; WEOC, INC.; RESERVE MANAGEMENT INC, v. J. ARON & COMPANY
IC-CO, Inc., Appellant,  Nos. 15-3094, 15-3095, 15-3096, 15-3097,
15-3121, 15-3123, 15-3124 (3rd Cir.).

A full-text copy of the Third Circuit's Opinion is available at
https://is.gd/zNROiz from Leagle.com.

Blake H. Bailey -- bbailey@mckoolsmith.com -- Paul D. Moak --
pmoak@mckoolsmith.com -- Basil A. Umari, McKool Smith, 600, Travis
Street, Suite 7000, Houston, TX 77002, Peter S. Goodman
–pgoodman@mckoolsmith.com -- Sarah O. Jorgensen --
sjorgensen@mckoolsmith.com -- Michael R. Carney, Hugh M. Ray,
McKool Smith -- hray@mckoolsmith.com ¬--  One Bryant Park, 47th
Floor, New York, NY 10036, Lewis T. LeClair --
lleclair@mckoolsmith.com  --[Argued], McKool Smith, 300 Crescent
Court, Suite 1500, Dallas, TX 75201, Adam G. Landis --
landis@lrclaw.com -- Matthew B. McGuire -- mcguire@lrclaw.com --
Landis Rath & Cobb, 919, Market Street, Suite 1800, P.O. Box 2087,
Wilmington, DE 19899, Counsel for Anstine & Musgrove Inc., et. al.,
The Associated Producers).

Don A. Beskrone – Dbeskrone@ashby-geddes.com -- Stacy L. Newman
– Snewman@ ashby-geddes.com -- Ashby & Geddes, 500, Delaware
Avenue, P.O. Box 1150, 8th Floor, Wilmington, DE 19899, Boaz S.
Morag -- bmorag@cgsh.com -- Rishi Zutshi -- rzutshi@cgsh.com --
Thomas J. Moloney [Argued] -- tmoloney@cgsh.com -- Cleary Gottlieb
Steen & Hamilton, One Liberty Plaza, New York, NY 10006, Counsel
for J. Aron & Co.

James S. Carr  -- jcarr@kelleydrye.com -- Melissa E. Byroade
–mbyroade@kelleydrye.com -- David Zalman [Argued] – dzalman@
kelleydrye.com --  Monica Hanna – mhanna@ kelleydrye.com --
Kelley Drye & Warren, 101, Park Avenue, New York, NY 10178, Kevin M
Capuzzi -- kcapuzzi@beneschlaw.com -- Jennifer R. Hoover --
jhoover@beneschlaw.com -- Benesch Friedlander Coplan & Arnoff, 222,
Delaware Avenue, Suite 801, Wilmington, DE 19801, Counsel for BP
Oil Supply Co.

Ian C. Bifferato, Thomas F. Discoll, III, Bifferato, 800, North
King Street, Plaza Level, Wilmington, DE 19801, Kevin G. Collins
– kevin.collins@btlaw.com Barnes & Thornburg, 1000, North West
Street, Suite 1500, Wilmington, DE 19801, Mark D. Collin --
collins@rlf.com -- John H. Knight – knight@rlf.com -- Michael
Romanczuk – romanczuk@rlf.com --  Zachary I. Shapiro –
Shapiro@rlf.com -- Richards Layton & Finger, 920, North King
Street, One Rodney Square, Wilmington, DE 19801, L. Katherine Good
– kgood@wptlaw.com -- Whiteford Taylor & Preston, 405, North King
Street, The Renaissance Center, Suite 500, Wilmington, DE 19801,
Maris J. Kandestin -- maris.kandestin@dlapiper.com -- DLA Piper,
1201, North Market Street, Suite 2100, Wilmington, DE 19801, Garvan
F. McDaniel -- gmcdaniel@dkhogan.com -- Hogan McDaniel, 1311,
Delaware Avenue, Wilmington, DE 19806, R. Stephen McNeill --
rmcneill@potteranderson.com -- Potter Anderson & Corroon, 1313,
North Market Street, 6th Floor, Wilmington, DE 19801, Travis A.
McRoberts – travis.mcroberts@squirepb.com -- Akin Gup Strauss
Hauer & Feld, 1700, Pacific Avenue, 4100, First City Center,
Dallas, TX 75201, Benjamin L. Stewart -- BStewart@BaileyBrauer.com
-- Bailey Brauer, 8350, North Central Expressway, Suite 935,
Campbell Centre I, Dallas, TX 75206, Mark Stromberg, Stromberg
Stock, 8750, North Central Expressway, Suite 625, Dallas, TX 75231,
W. Robert Wilson, 510, Kihekah Avenue, Pawhuska, OK 74056, Counsel
for Semcrude LP.

Charles J. Brown, III -- cbrown@gsbblaw.com -- Shannon Dougherty
Humiston, Gellert Scali Busenkell & Brown, 913 North Market Street,
10th Floor, Wilmington, DE 19801, Counsel for Star Production Inc.,
LCS Production Co.

Hartley B. Martyn [Argued], Martyn & Associates, 820, Superior
Avenue, N.W., 10th Floor, Cleveland, OH 44113, Duane D. Werb, Werb
& Sullivan, 300, Delaware Avenue, 13th Floor, P.O. Box 25046,
Wilmington, DE 19899, Counsel for IC Co. Inc.

About SemGroup L.P.

SemGroup, L.P. -- http://www.semgrouplp.com/-- is a midstream    
service company that provides diversified services for end users
and consumers of crude oil, natural gas, natural gas liquids and
refined products.  Services include purchasing, selling,
processing, transporting, terminalling and storing energy.
SemGroup serves customers in the United States, Canada, Mexico and
Wales.

SemGroup L.P. and its debtor-affiliates filed for Chapter 11
protection (Bankr. D. Del. Case No. 08-11525) on July 22, 2008.
John H. Knight, Esq., L. Katherine Good, Esq. and Mark D. Collins,
Esq., at Richards Layton & Finger; Harvey R. Miller, Esq., Michael
P. Kessler, Esq., and Sherri L. Toub, Esq., at Weil, Gotshal &
Manges LLP; and Martin A. Sosland, Esq., and Sylvia A. Mayer,
Esq.,
at Weil Gotshal & Manges LLP, represented the Debtors
in their restructuring efforts.  Kurtzman Carson Consultants
L.L.C. served as the Debtors' claims agent.  The Blackstone Group
L.P. and A.P. Services LLC acted as the Debtors' financial
advisors.

Margot B. Schonholtz, Esq., and Scott D. Talmadge, Esq., at Kaye
Scholer LLP; and Laurie Selber Silverstein, Esq., at Potter
Anderson & Corroon LLP, represented the Debtors' prepetition
lenders.

SemGroup L.P.'s affiliates, SemCAMS ULC and SemCanada Crude
Company, sought protection under the Companies' Creditors
Arrangement Act (Canada) on July 22, 2008.  Ernst & Young, Inc.,
is the appointed monitor of SemCanada Crude Company and its
affiliates' reorganization proceedings before the Canadian
Companies' Creditors Arrangement Act.

SemGroup LP won confirmation from the Bankruptcy Court of its
Fourth Amended Plan of Reorganization on Oct. 28, 2008.  The
Plan, which distributed more than $2.5 billion in value to
stakeholders, was declared effective on Nov. 30, 2008.

As part of the Plan, the Reorganized Debtors entered into two new
credit facilities aggregating $625 million in financing; entered
into a $300 million Second Lien Term Facility; created a new
corporate structure, including issuing shares of common stock and
warrants; and distributed approximately $500 million of cash and
approximately $1 billion in value of new common stock and warrants
to thousands of creditors in accordance with the Plan.


SENIOR CARE: Voluntary Chapter 11 Case Summary
----------------------------------------------
Debtor affiliates that filed Chapter 11 bankruptcy petitions:

   Debtor                                           Case No.
   ------                                           --------
   Senior Care Group, Inc.                          17-06562
   1240 Marbella Plaza Dr.
   Tampa, FL 33619

   SCG Baywood, LLC                                 17-06563
      dba Baywood Nursing Center
   1240 Marbella Plaza Dr.
   Tampa, FL 33619

   SCG Gracewood, LLC                               17-06564

   SCG Harbourwood, LLC                             17-06572

   SCG Laurellwood, LLC                             17-06576

   The Bridges Nursing and Rehabilitation, LLC      17-06579
       
   Key West Health and Rehabilitation Center, LLC   17-06580

Business Description: Senior Care Group, Inc. --
                      http://www.seniorcaregroup.com/-- is a
                      501(c)(3) nonprofit long-term care
                      organization founded in 1983.  The Group
                      provides skilled nursing, rehabilitative and
                      home health services.  It has locations in
                      Florida, North Carolina and Oklahoma.

Chapter 11 Petition Date: July 27, 2017

Court: United States Bankruptcy Court
       Middle District of Florida (Tampa)

Debtors' Counsel: Scott A. Stichter, Esq.
                  STICHTER, RIEDEL, BLAIN & POSTLER, P.A.
                  110 E. Madison Street, Suite 200
                  Tampa, FL 33602-4700
                  Tel: 813-229-0144
                  Fax: 813-229-1811
                  E-mail: sstichter.ecf@srbp.com

                                      Estimated   Estimated
                                       Assets    Liabilities
                                     ----------  -----------
Senior Care Group                     $1M-$10M    $1M-$10M
SCG Baywood                           $1M-$10M    $1M-$10M
SCG Gracewood                         $1M-$10M    $1M-$10M

The petitions were signed by David R. Vaughan, Chairman of the
Board.

The Debtors failed to include lists of their 20 largest unsecured
creditors at the time of the filing.

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

         http://bankrupt.com/misc/flsb17-06562.pdf
         http://bankrupt.com/misc/flsb17-06563.pdf
         http://bankrupt.com/misc/flsb17-06564.pdf


SERGEY POYMANOV: PPF's Request to Admit Gureev Evidence Denied
--------------------------------------------------------------
Aleksey Vladimirovich Bazarnov, the financial administrator
appointed by the Commercial (Arbitrazh) Court of the Moscow Region
in the insolvency proceeding of Sergey Petrovich Poymanov pending
in Russia pursuant to Russian Federal Law No. 127-FZ, has moved for
recognition of the Russian Insolvency Proceeding as a "foreign main
proceeding" under Chapter 15 of the Bankruptcy Code and a finding,
pursuant to section 1520 of the Bankruptcy Code, that an action
commenced by PPF Management LLC against the Petitioner and various
other defendants in the U.S. District Court for the Southern
District of New York is subject to the automatic stay. PPF opposes
both recognition of the Russian Insolvency Proceeding and the
Petitioner’s request for a finding that the SDNY Action is
subject to the automatic stay.

PPF filed the motion now before the Court, seeking to reopen the
evidentiary record to introduce additional evidence it contends the
Court should consider in connection with its ruling on the Verified
Petition and PPF's objections thereto. The Petitioner opposes the
Motion.

PPF moves to reopen the evidentiary record to introduce three
categories of additional evidence: (1) the Nogotkov Letter; (2) the
Gureev Evidence and (3) the Assignment Related Evidence.

Judge Mary Kay Vyskocil of the U.S. Bankruptcy Court for the
Southern District of New York denied PPF's request to reopen the
Record to admit the Nogotkov Letter and the Gureev Evidence but
granted PPF's request to reopen the Record to introduce the
developments concerning the Assignment Motion.

PPF argues that the Court should reopen the Record to permit PPF to
introduce the Nogotkov Letter as relevant to PPF's argument that
recognition of the Russian Insolvency Proceeding should be denied
on public policy grounds. Section 1506 of the Bankruptcy Code
authorizes a court to refuse to take an action under Chapter 15 if
such action would be "manifestly contrary to the public policy of
the United States." Specifically, PPF contends that the Nogotkov
Letter, and its timing, constitute evidence that the Petitioner
commenced this Chapter 15 case in bad faith, in order to thwart the
SDNY Action, to further the conspiracy to deprive Poymanov of his
ownership interests in P-Granit and to retaliate against Poymanov
by generating criminal charges.

The request to reopen the Record to allow the Nogotkov Letter to be
introduced into evidence is denied. The letter is not relevant to
the issues before the Court in connection with the Verified
Petition. There is no allegation that Petitioner participated in
drafting the Nogotkov Letter, the Petitioner is not copied on the
letter, and he is not mentioned in the letter. There is no evidence
in the Record that the Petitioner is conspiring, or has conspired,
with Nogotkov, and even if the Petitioner were aware of the letter
at the time it was sent, the letter does not prove that the
Petitioner commenced this Chapter 15 case to facilitate a
conspiracy against Poymanov.

PPF also seeks to introduce information concerning the finances and
employment of Petr Gureev in support of its argument that the
Verified Petition should be denied. Specifically, PPF contends that
the foreign debtor -- Poymanov -- has failed to satisfy the
eligibility requirements of section 109(a), which provides, in
relevant part, that only a person that resides or has a domicile, a
place of business, or property in the U.S. may be a debtor under
the Bankruptcy Code.

PPF's request to reopen the Record to admit the Gureev Evidence is
denied because the Gureev Evidence is not probative of whether the
funds held in the retainer account constitute Poymanov's property
and thereby satisfy the eligibility requirements of section
109(a).

The final new evidence that PPF seeks to introduce relates to the
Petitioner's motion in the Russian Insolvency Proceeding for a
determination that the PPF Assignment is invalid as a matter of
Russian Bankruptcy Law. PPF seeks to update the Court as to actions
taken by the Russian Court with respect to the Assignment Motion.

The Court finds that the Assignment Motion is relevant to the
Petitioner's request for an order determining that the SDNY Action
is subject to the automatic stay because, if the PPF Assignment is
valid, then the claims asserted in the SDNY Action would belong to
PPF, not Poymanov, and therefore the SDNY Action would not be
subject to the automatic stay. If, on the other hand, the Russian
Court were to determine that the PPF Assignment is not valid as a
matter of Russian Bankruptcy Law and accordingly the PPF Assignment
is void, then at least the portion of the claims asserted in the
SDNY Action that belong to Poymanov, or otherwise should be
administered as part of the Russian Insolvency Proceeding, would be
subject to the automatic stay. The Assignment Related Evidence is
therefore highly relevant to the issues before the Court.

A full-text copy of Judge Vyskocil's Decision dated July 27, 2017,
is available at:

     http://bankrupt.com/misc/nysb17-10516-68.pdf

Counsel for Aleksey Vladimirovich Bazarnov, as Petitioner:

     Owen C. Pell, Esq.
     Laura J. Garr, Esq.
     Alice Tsier Esq.
     WHITE & CASE LLP
     1221 Avenue of the Americas
     New York, New York 10020
     opell@whitecase.com
     lgarr@whitecase.com
     atsier@whitecase.com

            -and-

     Richard S. Kebrdle, Esq.
     Jason Zakia, Esq.
     Matthew A. Goldberger, Esq.
     Southeast Financial Center, Suite 4900
     200 South Biscayne Blvd.
     Miami, Florida 33131
     rkebrdle@whitecase.com
     jzakia@whitecase.com
     mgoldberger@whitecase.com

Counsel for PPF Management LLC:

     Alan J. Brody, Esq.
     Caroline J. Heller, Esq.
     GREENBERG TRAURIG, LLP
     Met Life Building
     200 Park Avenue
     New York, New York 10166
     brodya@gtlaw.com
     hellerc@gtlaw.com

            -and-

     Sanford M. Saunders Jr., Esq.
     Nicoleta Timofti, Esq.
     2101 L. Street, N.W.
     Suite 1000
     Washington, D.C. 20037
     saunderss@gtlaw.com
     timoftin@gtlaw.com

Headquartered in Moscow, Russia, Sergey Petrovich Poymanov and
Aleksey Vladimirovich Bazarnov filed a petition for recognition of
a foreign proceeding (Bankr S.D.N.Y. Case No. 17-10516) on March
3,
2017.  Owen C. Pell, Esq., at White & Case LLP serves as the
Debtors' counsel.


SERVICEMASTER GLOBAL: S&P Puts 'BB-' CCR on CreditWatch Negative
----------------------------------------------------------------
S&P Global Ratings placed its ratings on Memphis, Tenn.-based
ServiceMaster Global Holdings, including the 'BB-' corporate credit
rating, on Credit Watch with negative implications.

The CreditWatch listing follows the announcement that ServiceMaster
intends to spin off its AHS business into a separate publicly
traded company in a tax-free transaction and allocate  its
outstanding debt between the two companies. S&P said, "We believe
this transaction will increase the operating cost of each as the
spin-off will lessen the synergies achieved as a combined entity.
Additionally, the spin-off will worsen the diversification benefit
across Terminix and AHS, where Terminix is a more stable and
higher-margin business in the less discretionary pest control
market, and AHS is in a fast-growing segment that has supported the
company's healthy revenue and EBITDA growth despite recent
challenges with Terminix's organic growth.

"While the transaction could result in leverage consistent with our
current downgrade target of adjusted leverage above 5x, we would
also review ServiceMaster's prospective strategic and financial
policy as part of any downgrade. We would expect to conclude our
review once we receive more clarity about the separate entities'
financial information and new capital structures."


SHABSI BRODY: MEOR 77 Buying Lakewood Property for $299K
--------------------------------------------------------
Judge Kathryn C. Ferguson of the U.S. Bankruptcy Court for the
District of New Jersey will convene a hearing on Aug. 22, 2017, at
10 a.m., to consider Shabsi Brody and Luba Brody of real property
located at 19 Shilo Road, Lakewood, Ocean County, New Jersey, to
MEOR 77, LLC for $299,000, subject to overbid.

At the time of the filing of the Chapter 11 petition, the Debtors
were the owners of the Property.

Partners Realty Group has found a buyer and the Debtors desire to
sell the Property and have entered into a Contract of Sale of the
Property for a sale price of $299,000.  

The Property is encumbered by these mortgages and/or other liens
recorded in the Ocean County Clerk's Office:

   a. Mortgage: Shabsi Brody and Luba Brody to MERS, as nominee for
Fairmont Funding, Ltd., Dated 2/5/2008, Recorded 3/3/2008 in
Mortgage Book 13933, Page 0671. To Secure $303,200.

   b. Assignment of Mortgage: to GMAC Mortgage, Llc, recorded
8/4/2009 in Book 14374 Page 580.

   c. Lis Pendens vs. Shabsi Brody and Luba Brody Docket no.
F-33241-09 recorded 8/18/2009 in Book 14388 and Page 96.

   d. Assignment of Mortgage: to Green Tree Servicing Llc, recorded
9/13/2013 in Book 15638 Page 1999.

   e. Lis Pendens vs. Shabsi Brody and Luba Brody Docket no.
F-33241-09 recorded 9/11/2015 in Book 16186 and Page 1685.

   f. Assignment of Mortgage: to MTGLQ, L.P., recorded 9/7/2016 in
Book 15499 Page 1362.

   g. Mortgage: Shabsi Brody and Luba Brody to TD Bank, N.A., Dated
12/18/2008, Recorded 1/23/2009 in Mortgage Book 14193, Page 1638.
To Secure $200,000.

   h. The Tax Collector, Township of Lakewood, Ocean County, New
Jersey may have a lien on the Subject Property for unpaid municipal
taxes, water and sewer charges.

   i. The Lakewood Municipal Utilities Authority, with an address
of 390 New Hampshire Avenue, d, NJ 08701, has or may have a lien(s)
for unpaid water and/or sewer charges.

These judgments were entered in the Superior Court of New Jersey
against the Debtors, and are liens against the Property:

   i. Superior Court of New Jersey
      Judgment Number: J-236090-2014
      Case Number: L-002803-13
      Date Entered: 12/05/2014 Date Signed: 10/28/2014
      Type of Action: Book Account
      Venue: OCEAN
      Debt: $27,817
      Costs: $324
      Creditor(s): Banco Popular North American
      Attorney: Ragan & Ragan
      Debtor(s): Shabsi Brody trading as BNM Associates, LLC

  ii. Superior Court of New Jersey
      Judgment Number: DJ 004236-2014
      Case Number: DC-011835-12
      Date Entered: 01/07/14 Date Signed: 06/10/13
      Type of Action: Contract-Reg
      Venue: OCEAN
      Debt: $5,760
      Costs: $8
      Creditor(s): Banco Popular North American
      Attorney: Morgan Bornstein & Morgan
      Debtor(s): Shabsi Brody trading as BNM Associates, LLC

iii. Superior Court of New Jersey
      Judgment Number: J-165890-2014
      Case Number: L-002804-13
      Date Entered: 09/04/2014 Date Signed: 05/19/2014
      Type of Action: Book Account
      Venue: OCEAN
      Debt: $56,631
      Costs: $314
      Creditor(s): Banco Popular North American
      Attorney: Ragan & Ragan
      Debtor(s): Shabsi Brody trading as BNM Associates, LLC

  iv. Superior Court of New Jersey
      Judgment Number: J-065067-2011
      Date Entered: 012/05/2014 Date Signed: 10/28/2014
      Type of Action: Book Account
      Venue: Bergen
      Debt: $225,150
      Costs: $240
      Creditor(s): TD Bank NA
      Attorney: Winne Banta Hetherington et al
      Debtor(s): Shabsi Brody, Luba Brody, Sterling Comm Corp. J&S

   v. Superior Court of New Jersey
      Judgment Number: DJ-050323-2015
      Date Docketed: 03/24/2015
      Venue: OCEAN
      Debt: $5,720
      Creditor(s): Banco Popular North American
      Attorney: Morgan Bornstein & Morgan
      Debtor(s): Luba Brody and Sterlingcomm Corp.

None of the judgment creditors have levied upon the Property
prepetition and all of the judgment liens are subject to avoidance.
The Confirmation Order requires the Debtors to sell the Property
by June 30 or suffer its loss through foreclosure.

The proceeds of sale will be applied at closing to satisfy the
mortgage(s) encumbering the Property pursuant to the terms of the
confirmed chapter 11 plan, municipal real estate taxes, and real
estate commissions, if any.  Other liens, in particular the
judgment liens, will attach to the proceeds of sale, and the
Property will be sold free and clear of those liens.

The Contract of sale further provides that the Seller(s) have
agreed to pay a 6% commission for services rendered by Partners
Realty Group.

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

     http://bankrupt.com/misc/Shabsi_Brody_85_Sales.pdf

The Debtors ask the Court to waive the 14-day stay of Bankr. Rule
6004(h) in order to expedite the sale.

Shabsi Brody and Luba Brody sought Chapter 11 protection (Bankr.
D.N.J. Case No. 16-24242) on July 26, 2016.  The Debtors tapped
Timothy P. Neumann, Esq., at Broege, Neumann, Fischer & Shaver, as
counsel.


SHENANDOAH TELECOMMUNICATIONS: Egan-Jones Cuts Unsec. Rating to BB
------------------------------------------------------------------
Egan-Jones Ratings Company, on June 6, 2017, downgraded the senior
unsecured ratings on debt issued by Shenandoah Telecommunications
Co to BB from BBB+.

Shenandoah Telecommunications Company, through its subsidiaries,
provides regulated and unregulated telecommunications services to
end-user customers and other telecommunications providers in
Virginia, West Virginia, central Pennsylvania, western Maryland,
and portions of Kentucky and Ohio.


SM ENERGY: Egan-Jones Hikes Sr. Unsecured Ratings to B
------------------------------------------------------
Egan-Jones Ratings Company, on June 15, 2017, raised the senior
unsecured ratings on debt issued by SM Energy Co. to B from B-.

SM Energy Company, formerly St. Mary Land & Exploration Company, is
a petroleum and natural gas exploration company headquartered in
Denver, Colorado.


SPANISH BROADCASTING: Egan-Jones Withdraws 'C' Sr. Unsec. Ratings
-----------------------------------------------------------------
Egan-Jones Ratings Company, on June 13, 2017, withdrew the C senior
unsecured ratings on debt issued by Spanish Broadcasting System
Inc.  EJR also withdrew the D commercial paper rating on the
Company.

Spanish Broadcasting System, Inc. is one of the largest owners and
operators of radio stations in the United States.  SBS owns and
operates 17 radio stations located in the top U.S. Hispanic
markets of New York, Los Angeles, Miami, Chicago, San Francisco
and Puerto Rico, airing the Spanish Tropical, Regional Mexican,
Spanish Adult Contemporary, Top 40 and Latin Rhythmic format
genres.



SPI ENERGY: Nasdaq Extends Listing Suspension Stay to August 10
---------------------------------------------------------------
SPI Energy Co., Ltd., announced that the Nasdaq Hearings Panel
granted the Company's request to extend the stay of the suspension
in trading of the Company's securities pending a hearing on Aug.
10, 2017, and issuance of a final Panel decision.  

As previously disclosed, on July 7, 2017, the Company appealed to
the Panel against the Nasdaq Staff's delisting determination dated
June 30, 2017, and the Panel has scheduled a hearing on Aug. 10,
2017.  At the hearing, the Company must demonstrate its ability to
regain compliance with the particular deficiencies cited by the
Nasdaq Staff in its delisting determination, as well as its ability
to sustain long-term compliance with all applicable maintenance
criteria.

                       About SPI Energy Co.

SPI Energy Co., Ltd. -- http://investors.spisolar.com-- is a
global provider of photovoltaic (PV) solutions for business,
residential, government and utility customers and investors.  SPI
Energy focuses on the EPC/BT, storage and O2O PV market including
the development, financing, installation, operation and sale of
utility-scale and residential PV projects in China, Japan, Europe
and North America.  The Company operates an online energy e-
commerce and investment platform in China, as well as B2B e-
commerce platform offering a range of PV and storage products in
Australia.  The Company has its operating headquarters in Hong
Kong and maintains global operations in Asia, Europe, North
America and Australia.

SPI Energy reported a net loss of $185 million on $191 million of
net sales for the year ended Dec. 31, 2015, compared to a net
loss of $5.19 million on $91.6 million of net sales for the year
ended Dec. 31, 2014.

As of June 30, 2016, SPI Energy had $549.4 million in total
assets, $415.0 million in total liabilities and $134.4 million in
total stockholders' equity.

KPMG Huazhen LLP, in Shanghai, China, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2015, citing that SPI Energy Co., Ltd., and
its subsidiaries have suffered significant losses from operations
and have a negative working capital as of Dec. 31, 2015.  In
addition, the Group has substantial amounts of debts that will
become due for repayment in 2016.  The auditors said these
factors raise substantial doubt about the Group's ability to
continue as a going concern.


SQUARE ONE: U.S. Trustee Unable to Appoint Committee
----------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of Square One Development, LLC, as
of July 24, according to a court docket.

                   About Square One Development

Headquartered in Tampa, Florida, Square One Development, LLC, is a
multi-member Florida limited liability company formed on April 6,
2010.  It owns a group of 12 related entities including eight
gourmet burger restaurants with operations in West Central
Florida.

Square One Development, LLC and its affiliates filed for Chapter 11
bankruptcy protection (Bankr. M.D. Fla. Lead Case No. 17-03846) on
June 9, 2017. The petitions were signed by William Milner,
manager.

Square One Winter Park, LLC, an affiliate, estimated its assets and
liabilities between $1 million and $10 million.

Latham, Shuker, Eden & Beaudine, LLP represents the Debtors as
bankruptcy counsel.


STEINWAY MUSICAL: S&P Affirms 'B-' CCR, Outlook Negative
--------------------------------------------------------
S&P Global Ratings affirmed its 'B-' corporate credit rating on
Steinway Musical Instruments Corp. The outlook is negative.

S&P said, "At the same time, we affirmed our 'B-' issue-level
rating on the company's $305 million first-lien term loan, which
matures in September 2019. The recovery rating remains '3',
indicating our expectations for meaningful recovery (50%-70%;
rounded estimate: 50%) in the event of payment default. Adjusted
debt as of March 31, 2017, was $449.2 million.

"The affirmation with a negative outlook and revised liquidity
assessment reflects our projections for a very tight covenant
cushion and possible breach over the next several quarters as the
company faces several stepdowns. It also reflects risk that the
company may not address its looming debt maturities in a timely
fashion before they come current. The company's cushion on its
maximum net leverage covenant of 5.25x weakened into the single
digits as of March 31, 2017, as the result of a stepdown. It is
expected to remain very tight over the next year absent an
amendment as it faces two additional stepdowns, the first in
September 2017. In addition, the company's ABL comes current in
September 2017, and its $305 million term loan comes current in
September 2018. Therefore, any delay in addressing these maturities
while being in breach of its covenant could lead to a near-term
downgrade. Still, we are affirming the ratings because we believe
the company will successfully refinance its ABL facility over the
very near term, given the strong collateral value supporting that
facility. Moreover, the company maintains the right to remedy any
future covenant breach with an equity cure, which was used to
remedy a September 2016 breach. We think ownership will exercise
this right again given its long-term commitment to the company,
which should also facilitate the refinancing process.   

"The negative outlook reflects the company's very tight covenant
cushion and the possibility of a breach by Sept. 30, 2017. The
negative outlook also reflects the risk that the company may delay
addressing its refinancing needs on its ABL that comes current in
September. We could lower our ratings if the company doesn't meet
the September stepdown in its first-lien term loan total net
leverage covenant and does not remedy the breach with an equity
cure or amendment, and rather seeks a waiver possibly delaying any
refinancing discussions with its ABL lender. We could also lower
the ratings if the company opts not to launch a credible plan by
the fourth quarter to refinance its ABL.

"We could revise our outlook to stable if Steinway's operating
performance improves, resulting in covenant cushion approaching 15%
while addressing its near term maturities. This could occur if the
company were to implement further cost reductions and improve and
sustain sales mix of higher margin grand pianos, resulting in a
roughly 15% increase in EBITDA through 2018. More likely, however,
would be for the company to improve covenant cushion with an
amendment and/or refinancing that has better covenant cushion while
also addressing the company's upcoming debt maturities, including
its ABL maturing and term loan coming current in September 2018."


STEVE'S FROZEN: May Use BFG Investment's Cash Through Sept. 18
--------------------------------------------------------------
The Hon. Erik P. Kimball of the U.S. Bankruptcy Court for the
Southern District of Florida has authorized Steve's Frozen
Chillers, Inc.'s continued interim use of cash collateral, which is
subject to a perfected first priority interest held by BFG
Investment Holdings, LLC, through and including Sept. 18, 2017.

A hearing on the continued use of cash collateral will be held on
Sept. 13, 2017, at 2:00 p.m.

As adequate protection for its interest in BFG's cash collateral,
the Debtor grants BFG, effective as of the Petition Date, valid and
effective replacement security interests in and liens on all
property of the Debtor to the same extent, and with the same
priority, as the liens held by BFG on property of the Debtor as of
the Petition Date.

As further adequate protection for BFG for the diminution in the
cash collateral resulting by and through the Debtor's use, the
Debtor will pay $13,000 per month in adequate protection payments
to BFG on Aug. 10, 2017, and Sept. 10, 2017.

A copy of the Interim Order is available at:

              http://bankrupt.com/misc/flsb17-13690-73.pdf

As reported by the Troubled Company Reporter on May 24, 2017, the
Court previously authorized the Debtor's continued use of the cash
collateral to pay the ordinary and necessary operating expenses of
its business, through July 18, 2017.

                  About Steve's Frozen Chillers

Founded in 2001, Steve's Frozen Chillers, Inc. --
http://stevesfrozenchillers.com/-- offers more than 20 flavors of

frozen drink mixes, both for alcoholic drinks and non-alcoholic,
including frozen cappuccinos, frozen energy drinks and skinny iced
coffee.  In 2016, the Debtor recorded gross revenue of $2.56
million compared to gross revenue of $3.09 million in 2015.

The Debtor filed a Chapter 11 petition (Bankr. S.D. Fla. Case No.
17-13690) on March 27, 2017.  The petition was signed by Steven D.
Schoenberg, CEO.  At the time of filing, the Debtor had $744,658 in
assets and $1.94 million in liabilities.

The case is assigned to Judge Erik P. Kimball.  

Angelo A. Gasparri, Esq., at the Law Office of Angelo A. Gasparri,
is the Debtor's bankruptcy counsel.  The Debtor hired Boca
Accounting LLC as its accountant and Faraci and Faraci, P.A., as
its litigation counsel.


SUNBURST FARMS: Wants To Use Cash Collateral for Four Months
------------------------------------------------------------
Sunburst Farms Partnership asks the U.S. Bankruptcy Court for the
District of Kansas to authorize sale of crops and interim use of
cash collateral.

The Debtor is only seeking cash collateral usage for four months,
as the Debtor anticipates that all of its assets will be liquidated
by that point.

The Debtor wants to sell certain harvested feed products, all grown
and harvested in 2016 and 2017.  The Debtor routinely sells crops
in the ordinary course of its farming operation.  The Debtor
requests that the Court authorize the Debtor to use the proceeds
generated by the sales for the Debtor's immediate needs in selling
the existing crops and growing and harvesting the 2017 fall crops
(milo and forage sorghum) and other necessary farm operating
expenses.  The Crops hold a value of approximately $1,315,281.  The
2017 fall crops will be worth approximately $200,394 once
harvested.  The Debtor's only source of funds that can be used to
harvest and market the existing crop and grow and harvest the 2017
fall crop are the revenues generated by the sales of the Crops.
The Debtor seeks authority to use cash proceeds which serve as the
collateral of The Bank Oberlin Winona Branch for the expenses
reflected on the budget.

The Bank holds a claim for $1,935,072.  Some or all of this claim
is secured by the Crops, Planted Wheat, the 2017 Crops, the
Debtor's farm equipment and inventory, and certain funds held on
deposit.  The collective value of Debtor's encumbered assets
securing these claims (after deducting senior liens) exceeds $4
million.  Thus, The Bank hold an equity cushion of more than 200%.
Moreover, the only way to realize the value of this collateral,
which includes the projected value of the 2017 Crops already
planted, is to continue to invest the Crop proceeds into the
marketing, sale, growing and harvesting of the remaining crops.

The Debtor tells the Court that prohibiting use of the cash
collateral would destroy Debtor's ability to continue operations
while preparing to liquidate property for the benefit of its
creditors.

The Debtor requests authority to use proceeds to be generated from
the Crops, as necessary, to fund all expenses listed in the budget.
To the extent necessary, Debtor also requests authority to use any
current funds held on deposit to fund the expenses listed on the
budget.  The Debtor requests that the usage be authorized in the
amounts designated by month, with a variance of up to two months,
as weather and market conditions fluctuate.

The Debtor proposes to deposit the proceeds from sales of the Crops
into a segregated bank account that will hold only crop proceeds
and be used solely to fund the expenses listed on the budget.  The
Debtor requests authority to sell the Crops, deposit any proceeds
into the segregated bank account, collect and deposit existing
receivables from sales in the same fashion, and use the proceeds as
designated in the attached budget, subject to a variance of up to
10% on any given line item in any given month.

The Bank will retain all of its liens on any replacements thereof,
accessions thereto, and proceeds therefrom, to the same extent as
the value of those liens as they existed on the Petition Date,
together with a replacement perfected lien under Section 361(2) of
the Bankruptcy Code on the 2017 Crops, any crop insurance, and
governmental program payments (i) to the extent the cash collateral
is used by the Debtor, and (ii) to the extent and with the same
priority as existed in the Crops.  The replacement lien that Debtor
proposes to grant to The Bank will be deemed to be perfected
automatically upon entry of an order granting this motion.

As further adequate protection, the Debtor proposes to provide The
Bank with a super-priority claim, except for the carve out, which
will have priority over all administrative expenses and unsecured
claims against the Debtor and its estates, now existing or
hereafter arising, of any kind or nature whatsoever, including,
without limitation, administrative expenses of the kinds specified
in or ordered pursuant to Sections 105, 326, 328, 330, 331, 365,
503(a), 503(b), 507(a), 507(b), 546(c), 546(d), 726 (to the extent
permitted by law), 1113 and 1114 of the Bankruptcy Code and, upon
entry of a final order, all claims pursuant to Section 506(c) of
the Bankruptcy Code.

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

          http://bankrupt.com/misc/ksb17-11389-16.pdf

                     About Sunburst Farms

Sunburst Farms Partnership is engaged in wheat and feed sorghum
production.  The principal place of business of Sunburst Farms is
116 W Greeley, Tribune, Kansas 67879.

Sunburst Farms filed for Chapter 11 bankruptcy protection (Bankr.
D. Kan. Case No. 17-11389) on July 19, 2017, disclosing $4.29
million in total assets and $6.60 million in total liabilities.
The petition was signed by Carol Bloesser, president of Western
Plains, the Debtor's general partner.

Judge Robert E. Nugent presides over the case.

David P Eron, Esq., Eron Law, P.A., serves as the Debtor's
bankruptcy counsel.


SUNPOWER CORP: Egan-Jones Lowers Sr. Unsecured Ratings to CCC+
--------------------------------------------------------------
Egan-Jones Ratings Company, on June 5, 2017, downgraded the senior
unsecured ratings on debt issued by SunPower Corp. to CCC+ from B-.
EJR also lowered the rating on the Company's commercial paper to C
from B.

SunPower Corporation is an American energy company that designs and
manufactures crystalline silicon photovoltaic cells, roof tiles and
solar panels based on an all-back-contact solar cell invented at
Stanford University.



TEIGNMOUTH HALL: U.S. Trustee Unable to Appoint Committee
---------------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of Teignmouth Hall LLC as of July
28, according to a court docket.

Teignmouth Hall LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D.N.Y. Case No. 17-74002) on June 30,
2017.  The petition, signed by Christopher Quinn, member, was filed
pro se.  

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


TEL-INSTRUMENT: BDO USA Raises Going Concern Doubt
--------------------------------------------------
Tel-Instrument Electronics Corp. filed with the U.S. Securities and
Exchange Commission its annual report on Form 10-K, disclosing a
net loss of $4.76 million on $18.74 million of net sales for the
year ended March 31, 2017, compared with net income of $1.00
million on $24.80 million of net sales for the year ended March 31,
2016.

The audit report of BDO USA, LLP, in Woodbridge, N.J., states that
a verdict was rendered against the Company pursuant to an ongoing
lawsuit for amounts that raise substantial doubt about its ability
to continue as a going concern.

At March 31, 2017, the Company had total assets of $6,435,948,
total liabilities of $6,490,309, and $54,361 in total stockholders'
deficit.

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

                  http://bit.ly/2uRhzcu

             About Tel-Instrument Electronics

Tel-Instrument Electronics Corp. is a designer and manufacturer of
avionics test and measurement instruments for the global,
commercial air transport, general aviation, and government/military
defense markets.  Tel provides instruments to test, measure,
calibrate, and repair a wide range of airborne navigation and
communication equipment.  The Company sells its equipment in both
domestic and international markets.  The Company has become a major
manufacturer and supplier of Identification Friend or Foe ("IFF")
flight line test equipment and over the last few years was awarded
three major military contracts.  The Company has been in business
since 1947 and is headquartered in East Rutherford, New Jersey.



TEMPLE OF HOPE: Day Buying Birmingham Property for $195K
--------------------------------------------------------
Temple of Hope Baptist Church, Inc., asks the U.S. Bankruptcy Court
for the Northern District of Alabama to authorize the private sale
of commercial real property located at 3800 3rd Avenue South,
Birmingham, Jefferson County, Alabama, Parcel/Tax ID #
23--00-29-3-023-005.001, to Frank Day III and/or his assigns for
$195,000.

The lienholders that may have interests in the proposed private
sale are:

          a. Opportunity Real Estate: First mortgage by assignment
on the Property recorded in Instrument 2016129728, in the Probate
Office, Jefferson County, Alabama.  The payoff as of April 6, 2017
is $72,854 plus accrued per diem through closing date and minus the
Debtor's monthly adequate protection payments.

          b. Jefferson County Tax Collector: All taxes, charges,
assessments levied against the Property, which are due and
payable.

There are no other liens or interests in said Property to the
knowledge of the Debtor.  Said liens will attach to the sales
proceeds.  Each of the lienholders, to the best of the Debtor's
knowledge, do not disagree as to the respective amounts, after all
credits, priority nor the order of priority.  If there is a
legitimate controversy regarding the amounts due, the Trustee
proposes to resolve same in an adversary proceeding after the
sale.

The sale was negotiated and the sale resulted through the efforts
of the Debtor and therefore no real estate commission is due to be
paid.  The sale is contingent upon the above purchaser having a
45-day inspection period, and upon bankruptcy court approval.

The purchase price will pay and extinguish all liens and charges by
agreement of the parties and will realize an amount for this
estate.  The Debtor proposes to sell the Property at the price
designated and from the sale proceeds, to pay for a standard
owner's title commitment for the issuance of an owner's title
insurance policy through The Title Group, Inc.; the mortgage
balance owed to Opportunity Real Estate in full; and all taxes,
charges and assessments previously levied against the property, if
any, which are due and payable.  

The Property is sold "as is" and the Debtor makes no guarantee
regarding the condition or fitness of the real property other than
it is sold free and clear of all liens and encumbrances except for
exceptions noted.  The Property will be sold free and clear of all
liens and encumbrances but subject to any Schedule B-Section 2
and/or Standard Exceptions upon completion of The Title Group's
title commitment, unless same are disposed of to the satisfaction
of The Title Group.

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

    http://bankrupt.com/misc/Temple_of_Hope_87_Sales.pdf

The Purchaser can be reached at:

          Frank Day III
          165 Peachtree Road
          Birmingham, AL 35213

The Lienholders:

          JEFFERSON COUNTY TAX COLLECTOR
          Jefferson County Courthouse
          716 N. 21st Street
          Birmingham, AL 35203

          OPPORTUNITY REAL ESTATE
          Attn: Wilson Holifield
          1400 Pinson Valley Parkway
          Birmingham, AL 35217

Opportunity Real Estate is represented by:

          Brian Walding, Esq.
          2227 1st Avenue South
          Suite #100
          Birmingham, AL 35233

                About Temple of Hope Baptist Church

Temple of Hope Baptist Church, Inc., is a religious organization
which operates exclusively for religious, charitable, and distinct
ecclesiastical purposes in Birmingham, Alabama.

Temple of Hope Baptist Church filed a Chapter 11 petition (Bankr.
N.D. Ala. Case No. 17-00415) on Feb. 1, 2017.  The petition was
signed by Oliver L. Jones, Pastor.  At the time of filing, the
Debtor had $100,000 to $500,000 in estimated assets and $50,000 to
$100,000 in estimated liabilities.

The Debtor is represented by Frederick Mott Garfield, Esq. at
Spain
& Gillon and Gina H. McDonald, Esq. at Gina H. McDonald &
Associates, LLC.


TK HOLDINGS: Hires Covington & Burling as Special Counsel
---------------------------------------------------------
TK Holdings Inc., et al., seek permission from the U.S. Bankruptcy
Court for the District of Delaware to employ Covington & Burling
LLP as special litigation, regulatory and corporate counsel, nunc
pro tunc to June 25, 2017.

A. Litigation Matters

      In February of 2015, Covington was retained by the Debtors
and TKJP to advise them in connection with various litigations
arising out of the rupture of certain PSAN Inflators during
deployment of Takata airbags, which led to the recall of vehicles
in the United States and across the globe ("Airbag Litigation"). In
the spring of 2016, Covington was asked to serve as lead counsel in
all litigation matters arising from the Airbag Litigation.
Covington has represented and continues to represent the Debtors
and TKJP in the Airbag Litigation matters.

      In addition , in or about March 2017, Covington was retained
by TKH to represent it in a civil antitrust investigation being
conducted by the Antitrust Division of the U.S. Department of
Justice ("DOJ"). The DOJ subsequently issued a Civil Investigation
Demand to TKH as part of its inquiry into whether the company's
sales of Takata Protection Systems and SCHROTH to TransDigm
violated Section 7 of the Clayton Act.

B. Regulatory Matters

      DOJ Investigation. Since early 2016, Covington has
represented TKH and TKJP in a criminal investigation by the DOJ.
The proceedings resulted in a plea agreement between the DOJ and
TKJP,5 Covington continues to represent TKH’s interests before
the DOJ with respect to compliance, monitoring and restitution
issues.

      NHTSA Compliance and Enforcement. Since 2015, Covington has
represented TKH in regulatory compliance and enforcement matters
before the National Highway Traffic Safety Administration
("NHTSA"). Covington advised TKH with respect to its obligations
under the Motor Vehicle Safety Act and associated regulations, as
well as under consent orders, a preservation order requiring the
preservation of airbag inflators, and other directives issued by
NHTSA. Covington has represented TKH in communications and meetings
with NHTSA's Office of Chief Counsel and an Independent Monitor
established under the terms of a November 2015 consent order.

      EPA Inquiries. Since the spring of 2017, Covington has
represented TKH in responding to written information requests from
the U.S. Environmental Protection Agency ("EPA") under the Resource
Conservation and Recovery Act ("RCRA") and Emergency Planning and
Community Right to Know Act ("EPCRA"), regarding the inflators
located at TKH’s Armada, Howell, and Romeo, Michigan facilities.

C. Corporate Matters

      Covington was retained in approximately April 2016 to provide
advice to TKJP and TKH in connection with their attempt to find a
buyer. The Plan Sponsor, Key Safety Systems, Inc. ("KSS") has
emerged as the likely purchaser in the Global Transaction.

      Finally, following the departure of TKH's general counsel in
January of 2017, Covington (through Keith A. Teel, one of its
senior partners) was asked to provide enhanced corporate and other
legal services ordinarily performed by the in-house general
counsel. This role is ongoing and is expected to continue until a
permanent general counsel is hired or until the Global Transaction
with KSS is closed.

The Debtors anticipate that the professional services that
Covington will provide will include the continued representation of
the Debtors in all aspects of the Airbag Litigation (including, but
not be limited to, discovery, motion practice, trial and
prosecution of potential appeals arising from the Airbag
Litigation), the antitrust civil investigation, and regulatory and
corporate matters.

Covington will be paid at these hourly rates:

     Partners                                 $725-$1,575
     Of Counsel/Senior Counsel                $725-$1,575
     Special Counsel                          $725-$1,575
     Associates                               $455-$700
     Staff Attorneys                          $215-$365
     Paralegals/Litigation Support Staff      $165-$420

For the 90-day period prior to the Petition Date, Covington has
received payment from the Debtors of $6,590,333.72 on account of
invoices for legal services performed and expenses incurred in
connection therewith.

As of the Petition Date, Covington held an advance payment retainer
in the amount of $1,900,000.

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

Keith A. Teel, Esq., member of the firm of Covington & Burling 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.

Covington may be reached at:

     Keith A. Teel, Esq.
     Covington & Burling LLP
     One CityCenter
     850 Tenth Street, NW
     Washington, DC 20001-4956
     Tel: (202) 662-5501
     E-mail: kteel@cov.com

                      About Takata Corp

Japan-based Takata Corporation (TYO:7312) --
http://www.takata.com/en/-- develops, manufactures and sells     
safety products for automobiles.  The Company offers seatbelts,
airbags, steering wheels, child seats and trim parts.
Headquartered in Tokyo, Japan, Takata operates 56 plants in 20
countries with approximately 46,000 global employees worldwide. The
Company has subsidiaries located in Japan, the United States,
Brazil, Germany, Thailand, Philippines, Romania, Singapore, Korea,
China and other countries.  

Takata Corp. filed for bankruptcy protection in Tokyo and the U.S.,
amid recall costs and lawsuits over its defective airbags.  Takata
and its Japanese subsidiaries commenced proceedings under the Civil
Rehabilitation Act in Japan in the Tokyo District Court on June 25,
2017.  

Takata's main U.S. subsidiary TK Holdings Inc. and 11 of its U.S.
and Mexican affiliates each filed voluntary petitions under
Chapter11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No.
17-11375) on June 25, 2017.  Together with the bankruptcy filings,
Takata announced it has reached a deal to sell all its global
assets and operations to Key Safety Systems (KSS) for US$1.588
billion.

Nagashima Ohno & Tsunematsu is Takata's counsel in the Japanese
proceedings.  Weil, Gotshal & Manges LLP  and Richards, Layton &
Finger, P.A., are serving as counsel in the U.S. cases.
PricewaterhouseCoopers is serving as financial advisor, and Lazard
is serving as investment banker to Takata.  Ernst & Young LLP is
tax advisor.  Prime Clerk is the claims and noticing agent.

Skadden, Arps, Slate, Meagher & Flom LLP is serving as legal
counsel, KPMG is serving as financial advisor, Jefferies LLC is
acting as lead financial advisor.  UBS Investment Bank also
provides financial advice to KSS.  

On June 28, 2017, TK Holdings, as the foreign representative of the
Chapter 11 Debtors, obtained an order of the Ontario Superior Court
of Justice (Commercial List) granting, among other things,  a stay
of proceedings against the Chapter 11 Debtors pursuant to Part IV
of the Companies' Creditors Arrangement Act.  The Canadian Court
appointed FTI Consulting Canada Inc. as information officer.  TK
Holdings, as the foreign representative, is represented by
McCarthy
Tetrault LLP.

The U.S. Trustee has appointed an Official Committee of Unsecured
Trade Creditors and a separate Official Committee of Tort
Claimants.  Pachulski Stang Ziehl & Jones LLP  represents the
Official Committee of Tort Claimants as bankruptcy counsel.

The Official Committee of Unsecured Creditors has selected
Christopher M. Samis, Esq., L. Katherine Good, Esq., and Kevin F.
Shaw, Esq., at Whiteford, Taylor & Preston LLC, in Wilmington,
Delaware; Dennis F. Dunne, Esq., Abhilash M. Raval, Esq., and Tyson
Lomazow, Esq., at Milbank Tweed Hadley & McCloy LLP, in New York;
and Andrew M. Leblanc, Esq., at Milbank, Tweed, Hadley & McCloy
LLP, in Washington, D.C., as its bankruptcy counsel.


TK HOLDINGS: Hires PricewaterhouseCoopers as Financial Advisors
---------------------------------------------------------------
TK Holdings Inc., et al., seek permission from the U.S. Bankruptcy
Court for the District of Delaware to employ PricewaterhouseCoopers
LLP, as financial advisors to the Debtors, nunc pro tunc to June
25, 2017.

The Debtors require PwC to:

     a. advise and assist management on the Debtors' planning and
preparing for a potential Chapter 11 filing, including, but not
limited to, assistance with the preparation of certain bankruptcy
court motions and communication plans; advise and assist the
Debtors develop strategy and analysis regarding identification and
negotiations with critical vendors; assistance with cut-off of
pre-petition and post-petition payables, including advising on
appropriate system modifications and controls to map payables by
legal entity; and assistance with accumulating information
responsive to information requests of certain third parties;

      b. advise and assist the Debtors' team with respect to
short-term cash flow forecasting including advising on procedures
and outputs, and advise and assist on potential process
improvements and control enhancements including the assistance with
the Debtors' development of tools it has decided to implement or
modify;

      c. advise and assist the Debtors' team in the preparation of
long-term cash flow forecasting models to be used for securing DIP
financing and/or financing necessary to effectuate the Debtors'
plan of reorganization;

      d. advise management on and participate in, discussions with
various key stakeholders (and their respective legal and financial
advisors), including creditors, OEM's, and potential sponsors;

      e. advise and assist the Debtors in the preparation of a
liquidation analysis, as required by the Court for confirmation of
the Debtors' Plan of Reorganization;

      f. advise and assist the Debtors in the preparation of
financial disclosures required by the court, including: Schedule of
Assets and Liabilities; Statement of Financial Affairs; Monthly
Operating Reports; Schedule 2015.3 (non-debtor entities); and
Disclosure Statement;

      g. advise and assist the Debtors in their analysis of
creditor claims by type, entity, and individual claims, including
assistance with the development of databases, as necessary, to
track such claims;

      h. advise and assist in the analysis/preparation of
information necessary to assess the Debtors' tax attributes in
connection with the confirmation of a plan of reorganization in
these Chapter 11 cases, including the development of the Debtors'
discussion of related tax consequences contained in the disclosure
statement;

      i. advise and assist the Debtors in the development and
negotiation of its Plan of Reorganization or such alternative as
preferred by the Debtors;

      j. advise and assist with the identification of executory
contracts and leases and performance of cost/benefit evaluations
with respect to the affirmation or rejection of each;

      k. as requested, testify as a "fact or percipient witness" in
the Debtors' bankruptcy court proceedings based on PwC's direct
knowledge of the estate arising from or relating to the services
performed;

      l. rendering such other general business consulting or such
other assistance as the Debtors' management or counsel may deem
necessary consistent with the role of a financial advisor to the
extent that it would not be duplicative of services provided by
other professionals in these Chapter 11 Cases;

      m. if requested by the Debtors, support the Debtors
throughout the investor sale and OEM negotiation processes; and

      n. if requested by the Debtors, PwC will accumulate data and
prepare certain schedules based upon Debtors' instructions,
however, the Debtors are responsible for the procedures and methods
used to accumulate data and prepare all schedules, analyses and
reconciliations.

PwC will be paid at these hourly rates:

      Partner/Principal                     $775
      Managing Director                     $700
      Director/Senior Manager               $570
      Manager                               $450
      Senior Associate                      $370
      Associate                             $300
      Administrative                        $100

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

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

PwC can be reached at:

       Jeffrey E. Zaleski
       PricewaterhouseCoopers LLP
       500 Woodward Avenue
       Detroit, MI 48226
       Tel: (313) 394-6000
       Fax: (313) 394-6555
       
                     About Takata Corp

Japan-based Takata Corporation (TYO:7312) --
http://www.takata.com/en/-- develops, manufactures and sells
safety products for automobiles.  The Company offers seatbelts,
airbags, steering wheels, child seats and trim parts.
Headquartered in Tokyo, Japan, Takata operates 56 plants in 20
countries with approximately 46,000 global employees worldwide. The
Company has subsidiaries located in Japan, the United States,
Brazil, Germany, Thailand, Philippines, Romania, Singapore, Korea,
China and other countries.  

Takata Corp. filed for bankruptcy protection in Tokyo and the U.S.,
amid recall costs and lawsuits over its defective airbags.  Takata
and its Japanese subsidiaries commenced proceedings under the Civil
Rehabilitation Act in Japan in the Tokyo District Court on June 25,
2017.  

Takata's main U.S. subsidiary TK Holdings Inc. and 11 of its U.S.
and Mexican affiliates each filed voluntary petitions under
Chapter11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No.
17-11375) on June 25, 2017.  Together with the bankruptcy filings,
Takata announced it has reached a deal to sell all its global
assets and operations to Key Safety Systems (KSS) for US$1.588
billion.

Nagashima Ohno & Tsunematsu is Takata's counsel in the Japanese
proceedings.  Weil, Gotshal & Manges LLP  and Richards, Layton &
Finger, P.A., are serving as counsel in the U.S. cases.
PricewaterhouseCoopers is serving as financial advisor, and Lazard
is serving as investment banker to Takata.  Ernst & Young LLP is
tax advisor.  Prime Clerk is the claims and noticing agent.

Skadden, Arps, Slate, Meagher & Flom LLP is serving as legal
counsel, KPMG is serving as financial advisor, Jefferies LLC is
acting as lead financial advisor.  UBS Investment Bank also
provides financial advice to KSS.  

On June 28, 2017, TK Holdings, as the foreign representative of the
Chapter 11 Debtors, obtained an order of the Ontario Superior Court
of Justice (Commercial List) granting, among other things,  a stay
of proceedings against the Chapter 11 Debtors pursuant to Part IV
of the Companies' Creditors Arrangement Act.  The Canadian Court
appointed FTI Consulting Canada Inc. as information officer.  TK
Holdings, as the foreign representative, is represented by
McCarthy
Tetrault LLP.

The U.S. Trustee has appointed an Official Committee of Unsecured
Trade Creditors and a separate Official Committee of Tort
Claimants.  Pachulski Stang Ziehl & Jones LLP  represents the
Official Committee of Tort Claimants as bankruptcy counsel.

The Official Committee of Unsecured Creditors has selected
Christopher M. Samis, Esq., L. Katherine Good, Esq., and Kevin F.
Shaw, Esq., at Whiteford, Taylor & Preston LLC, in Wilmington,
Delaware; Dennis F. Dunne, Esq., Abhilash M. Raval, Esq., and Tyson
Lomazow, Esq., at Milbank Tweed Hadley & McCloy LLP, in New York;
and Andrew M. Leblanc, Esq., at Milbank, Tweed, Hadley & McCloy
LLP, in Washington, D.C., as its bankruptcy counsel.


TK HOLDINGS: Hires Prime Clerk as Administrative Advisor
--------------------------------------------------------
TK Holdings Inc., et al., seek permission from the U.S. Bankruptcy
Court for the District of Delaware to employ Prime Clerk LLC, as
administrative advisor, nunc pro tunc to June 25, 2017.

The Debtors require Prime Clerk to:

     a. assist with, among other things, solicitation, balloting
and tabulation of votes, and prepare any related reports, as
required in support of confirmation of a chapter 11 plan, and in
connection with such services, process requests for documents from
parties in interest, including, if applicable, brokerage firms,
bank back-offices and institutional holders;

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

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

     d. provide a confidential data room, if requested;

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

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

Prime Clerk will charge in connection with providing services to
the Debtors as set forth in the Engagement Agreement.

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

Shai Y. Waisman, chief executive officer of Prime Clerk LLC of
Lowenstein Sandler, assured the Court that the firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code and does not represent any interest adverse to
the Debtors and their estates.

Prime Clerk can be reached at:

      Shai Y. Waisman
      Prime Clerk LLC
      830 3rd Avenue, 9th Floor
      New York, NY 10022
      Tel: (212) 257-5450
      E-mail: swaisman@primecleck.com

                           About Takata Corp

Japan-based Takata Corporation (TYO:7312) --
http://www.takata.com/en/-- develops, manufactures and sells
safety products for automobiles.  The Company offers seatbelts,
airbags, steering wheels, child seats and trim parts. Headquartered
in Tokyo, Japan, Takata operates 56 plants in 20 countries with
approximately 46,000 global employees worldwide. The Company has
subsidiaries located in Japan, the United States, Brazil, Germany,
Thailand, Philippines, Romania, Singapore, Korea, China and other
countries.  

Takata Corp. filed for bankruptcy protection in Tokyo and the U.S.,
amid recall costs and lawsuits over its defective airbags.  Takata
and its Japanese subsidiaries commenced proceedings under the Civil
Rehabilitation Act in Japan in the Tokyo District Court on June 25,
2017.  

Takata's main U.S. subsidiary TK Holdings Inc. and 11 of its U.S.
and Mexican affiliates each filed voluntary petitions under
Chapter11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No.
17-11375) on June 25, 2017.  Together with the bankruptcy filings,
Takata announced it has reached a deal to sell all its global
assets and operations to Key Safety Systems (KSS) for US$1.588
billion.

Nagashima Ohno & Tsunematsu is Takata's counsel in the Japanese
proceedings.  Weil, Gotshal & Manges LLP  and Richards, Layton &
Finger, P.A., are serving as counsel in the U.S. cases.
PricewaterhouseCoopers is serving as financial advisor, and Lazard
is serving as investment banker to Takata.  Ernst & Young LLP is
tax advisor.  Prime Clerk is the claims and noticing agent.

Skadden, Arps, Slate, Meagher & Flom LLP is serving as legal
counsel, KPMG is serving as financial advisor, Jefferies LLC is
acting as lead financial advisor.  UBS Investment Bank also
provides financial advice to KSS.  

On June 28, 2017, TK Holdings, as the foreign representative of the
Chapter 11 Debtors, obtained an order of the Ontario Superior Court
of Justice (Commercial List) granting, among other things,  a stay
of proceedings against the Chapter 11 Debtors pursuant to Part IV
of the Companies' Creditors Arrangement Act.  The Canadian Court
appointed FTI Consulting Canada Inc. as information officer.  TK
Holdings, as the foreign representative, is represented by
McCarthy
Tetrault LLP.

The U.S. Trustee has appointed an Official Committee of Unsecured
Trade Creditors and a separate Official Committee of Tort
Claimants.  Pachulski Stang Ziehl & Jones LLP  represents the
Official Committee of Tort Claimants as bankruptcy counsel.

The Official Committee of Unsecured Creditors has selected
Christopher M. Samis, Esq., L. Katherine Good, Esq., and Kevin F.
Shaw, Esq., at Whiteford, Taylor & Preston LLC, in Wilmington,
Delaware; Dennis F. Dunne, Esq., Abhilash M. Raval, Esq., and Tyson
Lomazow, Esq., at Milbank Tweed Hadley & McCloy LLP, in New York;
and Andrew M. Leblanc, Esq., at Milbank, Tweed, Hadley & McCloy
LLP, in Washington, D.C., as its bankruptcy counsel.



TK HOLDINGS: Hires Richards Layton as Bankruptcy Co-Counsel
-----------------------------------------------------------
TK Holdings Inc., et al., seek permission from the U.S. Bankruptcy
Court for the District of Delaware to employ Richards, Layton &
Finger, PA as co-counsel, nunc pro tunc to June 25, 2017.

The Debtors require RL&F to:

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

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

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

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

     e. perform other necessary or desirable legal services in
connection with these Chapter 11 Cases.

In addition to those services set forth in paragraphs (a) through
(e) above, RL&F may perform all other services assigned by the
Debtors, in consultation with Weil, Gotshal & Manges LLP ("Weil
Gotshal"), the Debtors' co-counsel with RL&F, including serving as
lead counsel to the Debtors with respect to matters or parties as
to which Weil Gotshal has a conflict and determines that it cannot
(or should not) represent the Debtors (in such instances in which
RL&F does not similarly have a conflict).

RL&F lawyers who will work on the Debtors' case and their hourly
rates are:

     Mark D. Collins                      $900
     Michael J. Merchant                  $700
     Amanda R. Steele                     $530
     Brett M. Haywood                     $385
     Rebecca V. Speaker                   $250

RL&F professionals hourly rates:

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

RL&F will also be reimbursed for reasonable out-of-pocket expenses
incurred.

Mark D. Collins, Esq., director of the firm of Richards, Layton &
Finger, PA, assured the Court that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code and does not represent any interest adverse to the Debtors and
their estates.

By separate applications, the Debtors have filed, or expect to file
applications to employ (i) Weil Gotshal, as bankruptcy co-counsel;
(ii) Covington & Burling LLP, as special litigation, regulatory,
and corporate counsel; (iii) Ernst & Young LLP, as tax advisor,
(iv) Lazard Frères & Co. LLC, as investment banker; (v)
PricewaterhouseCoopers LLP, as financial advisor; and (vi) Prime
Clerk LLC, as administrative advisor.

RL&F can be reached at:

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

                        About Takata Corp

Japan-based Takata Corporation (TYO:7312) --
http://www.takata.com/en/-- develops, manufactures and sells     
safety products for automobiles.  The Company offers seatbelts,
airbags, steering wheels, child seats and trim parts.
Headquartered in Tokyo, Japan, Takata operates 56 plants in 20
countries with approximately 46,000 global employees worldwide. The
Company has subsidiaries located in Japan, the United States,
Brazil, Germany, Thailand, Philippines, Romania, Singapore, Korea,
China and other countries.  

Takata Corp. filed for bankruptcy protection in Tokyo and the U.S.,
amid recall costs and lawsuits over its defective airbags.  Takata
and its Japanese subsidiaries commenced proceedings under the Civil
Rehabilitation Act in Japan in the Tokyo District Court on June 25,
2017.  

Takata's main U.S. subsidiary TK Holdings Inc. and 11 of its U.S.
and Mexican affiliates each filed voluntary petitions under
Chapter11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No.
17-11375) on June 25, 2017.  Together with the bankruptcy filings,
Takata announced it has reached a deal to sell all its global
assets and operations to Key Safety Systems (KSS) for US$1.588
billion.

Nagashima Ohno & Tsunematsu is Takata's counsel in the Japanese
proceedings.  Weil, Gotshal & Manges LLP  and Richards, Layton &
Finger, P.A., are serving as counsel in the U.S. cases.
PricewaterhouseCoopers is serving as financial advisor, and Lazard
is serving as investment banker to Takata.  Ernst & Young LLP is
tax advisor.  Prime Clerk is the claims and noticing agent.

Skadden, Arps, Slate, Meagher & Flom LLP is serving as legal
counsel, KPMG is serving as financial advisor, Jefferies LLC is
acting as lead financial advisor.  UBS Investment Bank also
provides financial advice to KSS.  

On June 28, 2017, TK Holdings, as the foreign representative of the
Chapter 11 Debtors, obtained an order of the Ontario Superior Court
of Justice (Commercial List) granting, among other things,  a stay
of proceedings against the Chapter 11 Debtors pursuant to Part IV
of the Companies' Creditors Arrangement Act.  The Canadian Court
appointed FTI Consulting Canada Inc. as information officer.  TK
Holdings, as the foreign representative, is represented by
McCarthy
Tetrault LLP.

The U.S. Trustee has appointed an Official Committee of Unsecured
Trade Creditors and a separate Official Committee of Tort
Claimants.  Pachulski Stang Ziehl & Jones LLP  represents the
Official Committee of Tort Claimants as bankruptcy counsel.

The Official Committee of Unsecured Creditors has selected
Christopher M. Samis, Esq., L. Katherine Good, Esq., and Kevin F.
Shaw, Esq., at Whiteford, Taylor & Preston LLC, in Wilmington,
Delaware; Dennis F. Dunne, Esq., Abhilash M. Raval, Esq., and Tyson
Lomazow, Esq., at Milbank Tweed Hadley & McCloy LLP, in New York;
and Andrew M. Leblanc, Esq., at Milbank, Tweed, Hadley & McCloy
LLP, in Washington, D.C., as its bankruptcy counsel.


TOTAL OFFICE: U.S. Trustee Unable to Appoint Committee
------------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of Total Office Solutions-GSA,
Inc., as of July 25, according to a court docket.

                   About Total Office Solutions

Based in Jacksonville, Florida, Total Office Solutions, Inc., is in
the business of creating highly efficient, resourceful and
motivating workplaces for businesses.  TOS claims to offers some of
the most advanced office furniture, healthcare furniture,
educational furniture, and government furniture products on the
market.

Total Office Solutions sought Chapter 11 bankruptcy protection
(Bankr. M.D. Fla. Case No. 17-01830) on May 19, 2017, disclosing
$2.33 million in assets and $1.59 million in liabilities.  Thomas
C. Adam, Esq., at Adam Law Group, serves as counsel to the Debtor.


TRANS UNION: Moody's Hikes CFR to Ba2 on Strong Earnings Growth
---------------------------------------------------------------
Moody's Investors Service upgraded Trans Union, LLC's Corporate
Family Rating (CFR) to Ba2, from Ba3, Probability of Default Rating
to Ba3-PD, from B1-PD, and affirmed its SGL-1 speculative grade
liquidity rating. The ratings outlook is stable. Trans Union plans
to amend the terms of its existing credit facilities to reduce
pricing, increase the revolving credit facility by $90 million to
$300 million and extend the maturities for revolving credit
facilities and Term Loan A by 2 years to 2022. Moody's assigned Ba2
ratings to the company's amended credit facilities and will
withdraw the ratings for its existing credit facilities upon the
close of the proposed refinancing and amendments. The transaction
will be leverage neutral. Trans Union LLC is an indirect subsidiary
of TransUnion.

RATINGS RATIONALE

The upgrade of the CFR to Ba2 reflects Moody's expectations for
TransUnion's strong earnings growth over the next 12 to 18 months,
increasing revenue diversity and greater financial flexibility
resulting from earnings growth. TransUnion's strong operating
performance reflects the solid execution by management in product
innovation and investments, including acquisitions, to broaden
addressable markets, and it has been aided by the robust growth in
consumer borrowing in the US. Assuming no increases in debt,
Moody's expects organic revenue growth in the high single digits
and expanding EBITDA margins should drive TransUnion's total debt
to EBITDA (Moody's adjusted) to the low 3x level and free cash flow
of about 13% of debt (Moody's adjusted) over the next 12 to 18
months. Moderate leverage and earnings momentum will provide
greater financial flexibility to return capital to shareholders and
make acquisitions. The upgrade incorporates Moody's expectation
that the company will pursue balanced financial policies and
maintain leverage at or below 4x (Moody's adjusted). At the same
time, Moody's notes that TransUnion has a short track record of
operating with moderate financial leverage. While earnings growth
is expected to be strong, a sustained improvement in credit metrics
will require low financial risk tolerance in managing shareholder
returns and acquisitions that exceed free cash generation.

The Ba2 CFR reflects TransUnion's stronger business profile as a
result of increasing revenue diversification and its sustainable
market position as one of the three principal global consumer
credit bureaus. In the consumer credit bureau business, TransUnion
and its peers benefit from high barriers to entry. At the same
time, a significant portion of TransUnion's revenues are driven by
the demand for credit reports, which is correlated to US
macroeconomic cycles. However, the main risks to the ratings stem
from the potential for periodic increases in debt to fund
acquisitions or share repurchases, including a portion of the
remaining 29% of common equity interest in the company that is held
by the financial sponsors.

The stable outlook reflects TransUnion's earnings growth and
Moody's expectation that total debt to EBITDA will remain below 4x
(Moody's adjusted).

The SGL-1 speculative grade liquidity rating reflects TransUnion's
very good liquidity.

Moody's could upgrade TransUnion's ratings if the company (i)
maintains good earnings growth, (ii) demonstrates a track record of
conservative financial policies, (iii) private equity funds' equity
ownership declines materially, and, (iv) Moody's expects TransUnion
to sustain total debt to EBITDA below the mid 3x (Moody's adjusted)
and free cash flow in the mid teens percentages of total debt.
Conversely, the ratings could be downgraded if aggressive financial
policies cause total debt to EBITDA (Moody's adjusted) to increase
to the mid 4x and free cash flow declines to below 8% of total
debt.

Moody's has taken the following actions:

Issuer: Trans Union, LLC

-- Corporate Family Rating -- Upgraded to Ba2, from Ba3

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

-- New senior secured credit facilities -- Assigned, Ba2 (LGD 3)

-- Speculative Grade Liquidity -- Affirmed, SGL-1

Outlook actions:

Issuer: Trans Union LLC

-- Outlook, Changed to Stable, from Positive

TransUnion is a leading provider of information and risk management
solutions to businesses and consumers. Funds affiliated with Advent
International Corporation and Goldman Sachs & Co. own approximately
29% equity interest in TransUnion.

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


TRAVEL LEADERS: ALTOUR Merger No Impact on Moody's B2 CFR
---------------------------------------------------------
Moody's Investors Services said that Travel Leaders Group, LLC's B2
Corporate Family Rating (CFR) and its instrument-level ratings are
not impacted by the company's announcement that it has signed a
definitive merger agreement with the ALTOUR, an independently owned
global travel management company serving the luxury leisure and
mid-markets, with strong presence in New York, Los Angeles and
London. In addition, TLG recently announced that it has entered
into a 5-year strategic partnership agreement with a large
financial institution, whereby TLG will distribute the financial
company's products within its channels and fulfill travel services
to certain customers of the financial services company. Moody's
believes that the two transactions are credit positive but do not
materially impact the company's credit metrics and liquidity to
warrant a higher rating.

TLG headquartered in New York, NY, manages corporate, leisure,
franchise, and consortia travel operations under its network of
diversified divisions and brands. Brands include Tzell Travel
Group, Protravel International, Nexion, Vacation.com, Travel
Leaders, Cruise Holidays, Cruise Specialists, and Results! Travel.
TLG is majority owned and controlled by Certares. The company
generated pro forma revenues of approximately $460 million as of
last twelve months ended March 31, 2017.


TRAVEL LEADERS: S&P Affirms 'B+' CCR & Rates $534MM Term Loan 'B+'
------------------------------------------------------------------
S&P Global Ratings affirmed its 'B+' corporate credit rating on New
York-based Travel Leaders Group LLC. The rating outlook is stable.

S&P said, "At the same time, we assigned our 'B+' issue-level
rating and '3' recovery rating to TLG's proposed $534 million
senior secured term loan due in 2024. We also affirmed our 'B+'
issue-level rating and '3' recovery rating on its existing $25
million revolver due in 2022.

"The '3' recovery rating indicates our expectation for meaningful
(50%-70%; rounded estimate: 50%) recovery for lenders in the event
of a payment default. We expect the company to use the proceeds
from the proposed term loan to refinance its $434 million term
loan, to partially fund its mergers with ALTOUR and Travel
Management Partners (TMP), and for transaction fees and expenses.

"We expect to withdraw ratings on the existing $434 million term
loan once the proposed transaction has closed and the term loan has
been repaid."

The corporate credit rating affirmation reflects a modest increase
in leverage as a result of the proposed additional term loan
borrowings and planned mergers, partially offset by the EBITDA
contribution from the strategic agreement, resulting in a minimal
overall impact to leverage metrics. The additional $100 million in
term loan borrowings has only a modest impact on leverage due to
the EBITDA contribution from the companies with which TLG plans to
merge, and due to TLG's intention to draw on the remaining $85
million of the $100 million equity commitment provided by BlackRock
in 2015. TLG plans to use the proceeds from the equity draw to
partially fund the ALTOUR and TMP mergers and to put cash on the
balance sheet for future acquisitions. The company's leverage
metrics also benefit from the recently announced strategic
agreement with a large, global financial services firm, which S&P
believes will contribute meaningful EBITDA for the next five years,
including a moderate amount in 2017. The five-year contract
provides for a minimum level of annual payments to TLG from the
financial services firm. In return, TLG's travel agents will have
the opportunity to help expand distribution of the firm's products
and fulfill travel bookings for some of the firm's customers, among
other benefits. Overall, we believe the new agreement is a credit
positive for TLG, due to the fixed minimum payments from the third
party, as well as the potential for additional EBITDA if TLG
achieves certain performance targets.

However, there is some execution risk for TLG that makes us
uncertain whether the contracted payments will recur beyond the
initial five-year period. Regardless, EBITDA from the agreement
will mostly offset the modest additional leverage from the proposed
additional term loan borrowings and mergers. We anticipate debt to
EBITDA to be in the mid-4x area in 2017, and in the 4x area in
2018. We expect a full year of the recently signed acquisitions and
a full year of the contracted payments from the strategic agreement
in 2018 could allow the company to deleverage further, but we
expect the company to use leverage capacity to finance future
acquisitions, in line with its policy of gross leverage up to the
mid-4x area.

"The stable outlook reflects our expectation for continued moderate
growth in travel volumes and commission revenue in TLG's
businesses, and our belief that lease-adjusted debt to EBITDA will
be in the mid-4x area in 2017 and around 4x in 2018. These measures
are comfortably below the 5x threshold at which we would lower
ratings.

"We could lower the rating if the company pursues meaningful
debt-financed shareholder returns or acquisitions, or if operating
performance meaningfully declines, resulting in adjusted leverage
remaining above 5x.

"Rating upside is limited at this time, because we believe TLG
could utilize leverage capacity for future acquisitions and
shareholder returns. However, we could raise the rating if we were
confident that TLG was willing to sustain leverage below 3.5x,
incorporating potential future acquisitions and shareholder
returns."


TRIUMPH GROUP: Moody's Lowers CFR to B2; Outlook Stable
-------------------------------------------------------
Moody's Investors Service downgraded the ratings of Triumph Group,
Inc., including the Corporate Family Rating (CFR) to B2 from Ba3,
the Probability of Default Rating to B2-PD from Ba3-PD, and the
ratings on the senior unsecured notes due 2021 and 2022 to B3 from
B1. Moody's also downgraded the speculative-grade liquidity rating
to SGL-4 from SGL-3. The rating outlook is stable.

The following summarizes rating actions:

Issuer: Triumph Group, Inc.

Corporate Family Rating, downgraded to B2 from Ba3

Probability of Default Rating, downgraded to B2-PD from Ba3-PD

$375 million backed senior unsecured notes due 2021, downgraded to
B3 (LGD5) from B1 (LGD5)

$300 million backed senior unsecured notes due 2022, downgraded to
B3 (LGD5) from B1 (LGD5)

Speculative Grade Liquidity Rating downgraded to SGL-4 from SGL-3

Outlook, Stable

RATINGS RATIONALE

The downgrade reflects Moody's expectations for continued topline
and earnings pressures over the next 12 to 24 months, primarily as
a result of declining production rates on legacy platforms as well
as an elevated cost structure. These headwinds will result in a
weak set of credit metrics and a highly leveraged balance sheet
with Moody's adjusted Debt-to-EBITDA (includes 3x of pension
adjustments) anticipated to be around or above 8x by the end of
fiscal 2018. This high financial leverage will be against a
backdrop of weak liquidity involving material levels of negative
free cash flow and a heavy reliance on revolver borrowings.

The B2 rating balances Triumph's considerable scale and
well-established presence as an aerospace supplier against the
company's highly leveraged balance sheet, on-going topline
pressures, and weak liquidity. Declining production rates on key
legacy platforms such as the C-17, 777, and G450/G550 coupled with
an elevated cost structure and material working capital investments
on new programs, are all expected to weigh on sales, earnings and
cash flows over the next 12 to 24 months. These pressures will
result in an organic sales contraction of around 10% during FY 2018
as well as weak profitability measures with EBITDA margins in the
high single-digits. Financial leverage will be very elevated for
the rating and Moody's anticipates adjusted Debt-to-EBITDA peaking
at over 8x (includes 3x of pension adjustments) over the next
twelve months and remaining in excess of 6.5x through at least the
end of FY 2019.

The recent increase in business wins and on-going efforts to reduce
costs and improve execution are viewed favorably. That said, the
company's ability to stabilize and grow sales and ultimately
improve its broader credit profile in fiscal 2019 and beyond
remains to be proven. Triumph's backlog has declined over the last
few years (FY 2017 backlog of $4 billion off 20% versus FY 2015),
although more recently it has stabilized, and highlights the need
to improve its competitive standing and reduce its cost structure.
The pending ramp-up of developing programs such as the Bombardier
7000 and Embraer E-Jet as well as recent settlements with large OEM
customers are credit positives, although execution risk on the 7000
and E-Jet, both of which are in the very early stages of
production, acts as a tempering consideration. Absent delays on
development programs or unanticipated production cuts on legacy
aircraft, low to mid-single-digit sales growth in FY 2019 and FY
2020 seems achievable. Topline growth beyond this will be
contingent on Triumph's ability to win new business, particularly
in defense end-markets and in its shorter cycle segments as
opportunities for content wins in the longer cycle structures
business appear more limited.

Visibility into sustainable margin levels is complicated by a noisy
earnings profile involving multiple, large-sized EBITDA adjustments
as well as uncertainty regarding the recurring levels of
profitability on the 7000 and E-Jet. Triumph's on-going multi-year
restructuring program ($300 million of savings targeted by FY 2019)
and the renewed focus on improving operational execution on
underperforming programs are viewed favorably and could support
EBITDA margins growing to the low double-digits over the
intermediate term.

The downgrade of the liquidity rating to SGL-4 from SGL-3 reflects
the significant cash outflows expected over the next year. Moody's
expects Triumph to maintain weak liquidity over the next twelve
months. The liquidation of advance customer payments along with
sizable working capital investments is anticipated to result in a
very substantial use of cash during FY 2018 with free cash flow
likely to be negative to the tune of around $500 million. External
liquidity is provided by a $850 million revolving credit facility
that expires in May 2021 and a $225 million Accounts Receivables
(A/R) facility due November 2017. An inability to renew the A/R
facility would further weaken the company's liquidity. Given the
near-term usage of cash, Moody's expects heavy reliance on the
revolver over the next two years and the company's ability to
comply with its financial covenants will be an important
consideration. While not currently within the 12-15 month liquidity
rating horizon, the March 2019 maturity of the approximate $302
million term loan presents refinancing risk that would further
pressure liquidity if not proactively replaced.

The stable outlook acknowledges Triumph's well-established presence
as an aerospace supplier and the company's broad capabilities and
considerable scale. The stable outlook also considers opportunities
for an improved earnings and cash flow profile over the next two to
three years, and that Triumph will proactively address the upcoming
maturities at a manageable cost.

The ratings could be upgraded if Triumph were to sufficiently lower
leverage such that Debt-to-EBITDA on a Moody's adjusted basis was
expected to be sustained below 5.0 times. Any upgrade would be
predicated on expectations of an improved liquidity profile such
that FCF/Debt was expected to remain at least in the low
single-digits along with reduced reliance on revolver borrowings
and proactively addressing upcoming maturities. A demonstrated
ability to win new business with consistent organic sales growth
and EBITDA margins in the low-double digits would also be necessary
for an upgrade.

The ratings could be downgraded if Triumph's liquidity profile were
to weaken including an inability to refinance/extend near-term
principal obligations. The ratings could also be downgraded if the
company is not on a trajectory to restore meaningfully positive
free cash flow or if there are unanticipated large-sized production
rate cuts in any of Triumph's existing platforms, or delays and
cost overages in new programs (particularly the Global 7000/8000
and E-Jet). Expectations of Moody's adjusted Debt-to-EBITDA
remaining above 7.0x beyond FY 2019 could also pressure the rating
downwards.

Triumph designs, engineers, manufactures, repairs, overhauls and
distributes a broad portfolio of aero-structures, aircraft
components, accessories, subassemblies and systems. The company
serves commercial aerospace (57% of sales), military (22%),
business jet (18%) and regional and other markets (3%). Revenues
were approximately $3.4 billion for the twelve months ended
June 30, 2017.

The principal methodology used in these ratings was Global
Aerospace and Defense Industry published in April 2014.


TRIUMPH GROUP: S&P Lowers CCR to 'B' On Weaker Earnings
-------------------------------------------------------
S&P Global Ratings lowered its corporate credit rating on Triumph
Group Inc. to 'B' from 'BB-'. The outlook is stable.

S&P said, "At the same time, we lowered our issue-level ratings on
the company's first-lien credit facility to 'BB-' from 'BB+'. The
'1' recovery rating is unchanged, indicating our expectation for
very high recovery (90% to 100%; rounded estimate: 95%) in a
default scenario. Additionally, we lowered our issue-level rating
on the company's senior unsecured debt to 'CCC+' from 'B',
consistent with the lowering of the corporate credit rating. The
'6' recovery rating is unchanged, indicating our expectation for
negligible recovery (0%-10%; rounded estimate: 0%) in a default
scenario.

"The two notch downgrade reflects updated company guidance on
earnings and cash flow for fiscal 2018 (ending March 31, 2018),
which will result in credit metrics that are materially weaker than
our previous expectations. Furthermore, although the company is
making progress in fixing problem programs and improving its cost
structure, we no longer believe EBITDA margins will return to
historical levels in the mid- to high-teens percentage area and
will likely remain below 10% for at least the next few years. The
company is now expecting free cash flow to be a $450 million to
$500 million use of cash in 2018 compared to our previous
expectations of $150 million to $200 million; however, this did not
include the impact of the advances received in fiscal 2017. The
weaker cash flow is due to the need to repay $275 million of
customer advances received late last year and $200 million of
investments in working capital to support new programs. Program
cuts (777, A350, A380), schedule revisions, and price reductions on
key programs are all having an impact on Triumph's earnings. We now
expect debt to EBITDA to increase to above 10x in fiscal 2018
compared to our previous expectations that it would decline below
5.0x; we believe it will improve but remain above 5x through at
least fiscal 2020.

"The stable outlook reflects our expectation that credit metrics
will weaken materially in 2018 and then gradually improve
thereafter with debt to EBITDA improving to 7.0x to 7.5x in fiscal
2019 from above 10x in fiscal 2018. The improvement is due to
benefits from recent customer settlements, production rate
increases on certain growth programs, and the benefits of
restructuring actions and other cost cutting initiatives, somewhat
offset by production rate declines and pricing cuts on certain
programs.  

"We could lower our ratings on Triumph if the cash use the next two
years is higher than we expect, potentially due to further program
problems or reduced demand, putting pressure on liquidity. We could
also lower ratings if recent program wins take longer to generate
revenues and earnings or production declines are steeper than we
expect resulting in leverage not declining as fast as we expect,
with debt to EBITDA remaining above 7.5x at the end of fiscal 2019
and we don't expect it to improve.

"Although not likely in the next 12-24 months, we could raise our
ratings if earnings and cash flow improve faster than we expect,
likely due to higher-than-expected benefits of restructuring and
other cost-cutting actions or if the company meaningfully reduces
leverage with the use of proceeds from divestitures, which results
in debt to EBITDA declining to below 5x and we expect it to remain
there."


TVC ALBANY: S&P Assigns 'B-' CCR & Rates New First-Lien Loans 'B'
-----------------------------------------------------------------
S&P Global Ratings assigned its 'B-' corporate credit rating to
Albany, N.Y.-based TVC Albany Inc.. The outlook is stable.

S&P said, "At the same time, we assigned our 'B' issue-level rating
and '2' recovery rating to FirstLight's proposed first-lien
facilities, which consist of a $25 million revolving credit
facility due 2022 and a $275 million term loan B due 2024. The '2'
recovery rating indicates our expectation for substantial recovery
(70%-90%; rounded estimate 70%) for lenders in the event of a
payment default.

"We also assigned a 'CCC' issue-level rating and '6' recovery
rating to the company's $100 million second-lien term loan due
2025. The '6' recovery rating indicates our expectation for
negligible recovery (0%-10%; round estimate 0%) for lenders in the
event of a payment default."

FirstLight is acquiring two fiber infrastructure providers: New
York-based Finger Lakes Technologies Group Inc. and New
Hampshire-based 186 Communications LLC. FirstLight will use the
$300 million in total proceeds, consisting of a $275 million term
loan B and $25 million of incremental second-lien debt from the
proposed facilities to fund the acquisitions, refinance $189
million of existing debt and pay related fees and expenses.

The ratings on FirstLight reflect its elevated adjusted debt to
EBITDA of about 7.3x, and the likelihood that leverage will remain
high longer term because of its private equity ownership. The
ratings also reflect competition from larger players (including
incumbent telephone companies, cable providers, and fiber
providers), limited geographic diversity, its small scale, and
projected negative free operating cash flow (FOCF) over the next
couple of years. Revenue visibility from FirstLight's multi-year
contracts, growing market demand for bandwidth, and low customer
churn partly offset these factors. S&P said, "We expect annual
EBITDA growth in the mid-teen-percent area over the next several
years primarily due to cost synergies associated with the
acquisitions, and an emphasis on higher-margin on-net services.

"The stable outlook reflects our belief that while the company will
reduce leverage to about 6.5x from synergy realization and earnings
growth over the next 12 months, its ownership by private equity
sponsors and the potential for debt-financed acquisitions will
likely constrain longer-term leverage improvement such that
adjusted debt to EBITDA remains above 6.5x.

"We could lower the rating if projected synergies do not
materialize, the company loses contracts with its customers, and
pricing pressure results in lower EBITDA that ultimately hurts the
company's liquidity position that would lead us to assess the
capital structure as unsustainable longer term.

"We could raise the rating if leverage improved to below 6.5x and
we believe that the company is committed to maintaining leverage at
this level on a sustained basis. This would also be predicated on
continued margin improvement to levels on par with peers and
positive FOCF. However, we believe this is unlikely given
FirstLight's private equity ownership and the potential for future
debt-financed acquisitions or shareholder returns."


UNIQUE MOTORSPORTS: Wants Aug. 4 Deadline For Plan Filing
---------------------------------------------------------
Unique Motorsports, Inc., asks the U.S. Bankruptcy Court for the
Eastern District of Texas to extend the exclusivity period to file
and confirm a plan of reorganization through and including Aug. 4,
2017, from Aug. 1, 2017.

The Debtor's single largest creditor, Neal Technologies, Inc., does
not oppose the entry of a bridge order.  NTI does, however, ask the
Court to set a final hearing respecting the extension of
exclusivity beyond Aug. 4.

The Debtor asserts that "cause" exists to extend the exclusivity
period beyond the initial 180-day period.

The primary reason for filing this bankruptcy case stems from
litigation between the Debtor and NTI, styled as Neal Technologies,
Inc., v. Unique Motorsports Inc., et al., and filed in the U.S.
District Court, Eastern District of Texas, Sherman Division, Case
NO. 4:15-cv-00385-RC-CMC. Simply stated, the Lawsuit was an unfair
competition and trademark infringement case.

The District Court entered a judgment in the Lawsuit on Jan. 20,
2017.  The Judgment awarded damages to NTI, in the sum of $253,000
plus costs.

Shortly after the Petition Date, the Debtor was faced with a hotly
contested motion for relief from stay motion filed by NTI.

NTI was asking that it be permitted to liquidate its Bill of Costs
and to seek additional enforcement remedies from the U.S. District
Court in connection with the Lawsuit.

While the Debtor was successful in defending the lift stay motion,
it needed time to start restructuring and accruing cash in order
propose a plan of reorganization that would be feasible.

The Debtor is now in a position to propose a plan of
reorganization.  More specifically, that plan will pay all
unsecured creditors in full, plus interest, in a time period that
is significantly less than five years.

                    About Unique Motorsports

Unique Motorsports, Inc., is a Powerstroke diesel performance and
repair facility located in Lewisville, Texas.  It also provides a
wide range of other vehicle services, including window tinting,
audio video installation, and routine maintenance.  Unique
Motorsports is also a licensed car dealership with a small
inventory of trucks and cars.

Unique Motorsports filed a chapter 11 petition (Bankr. E.D. Tex.
Case No. 17-40218) on Feb. 3, 2017.  The Debtor is represented by
Robert T. DeMarco, Esq. and Michael S. Mitchell, Esq., at DeMarco
Mitchell, PLLC.

No trustee or examiner has been appointed, and no official
committee of unsecured creditors has yet been established.


UNO CHARTER: S&P Affirms 'BB+' Rating on 2011A/B Bonds
------------------------------------------------------
S&P Global Ratings revised its outlook to stable from negative and
affirmed its 'BB+' rating on the Illinois Finance Authority's
series 2011A and taxable series 2011B charter school refunding and
improvement revenue bonds, issued for the UNO Charter School
Network (UCSN).

"The revised outlook reflects our view of UCSN's successful
settlement with United Neighborhood Organization, the school's
previous management company and guarantor on the bonds," said S&P
Global Ratings credit analyst Avani Parikh. Under the settlement
agreement, finalized on Nov. 18, 2016, UCSN acquired the four
school properties previously owned by United Neighborhood
Organization (UNO) in exchange for a $4.5 million payment,
settlement of all claims between UNO and UCSN, and forgiveness of
all amounts owed to UCSN by UNO. On acquisition of the properties
from UNO, UCSN now secures bondholders in the same manner as under
the UNO guaranty but without the risk of UNO's insolvency. There
was no other change to the debt structure or security for the
series 2011 bonds. UCSN received 100% bondholder consent for this
transaction.

S&P said, "The stable outlook reflects our expectation that over
the one-year outlook period, UCSN will maintain relatively stable
enrollment and demand. Despite the potential for funding cuts, we
expect management will adjust operations accordingly to maintain
surplus results supporting steady coverage and liquidity at a
minimum near current levels. We also expect UCSN's charter will be
renewed successfully.

"We could consider a negative rating action if funding from state
is delayed or interrupted, there are significant funding cuts, or
UCSN is unable to refinance its direct purchase loan, such that it
significantly affects operating performance or liquidity. We would
also consider a negative rating action if operations were to become
negative on a full accrual basis, such that lease adjusted MADS
coverage deteriorates or liquidity weakens from current levels. We
would consider further negative rating action if UCSN falls behind
in its remediation plan or there is any threat to charter
renewal."

A positive rating action is not likely during the outlook period,
absent significant improvement in days' cash on hand and coverage,
with further strengthening in UCSN's enrollment and demand profile.


USI INC: S&P Removes 'B' CCR From CreditWatch Developing
--------------------------------------------------------
S&P Global Ratings removed its 'B' long-term counterparty credit
rating on USI Inc. from CreditWatch Developing, where S&P placed it
on June 27, 2017, following the company's announcement of its
acquisition of Wells Fargo Insurance Services (WFIS), then affirmed
the rating.

S&P said, "We also affirmed our 'B' issue level rating on USI's
senior secured credit facility, consisting of a $200 million
revolving credit facility due 2022 and the upsized $2.41 billion
term loan due 2024. The recovery rating remains '3', indicating our
expectation for meaningful recovery for lenders in the event of
payment default. USI will use the term loan add-on to partly
finance it planned $1.1 billion (excluding contingent obligations)
acquisition of WFIS. The purchase price for WFIS is also being
partly funded by cash on balance sheet and issuance of preferred
shares in the amount of $475 million, which we expect to treat as
debt (given existing terms and conditions) per our criteria. At the
same time, we affirmed our 'CCC+' issue level rating on USI's $615
million senior notes due 2025.

"We consider this transaction to be transformational but believe
that any incremental benefit to USI's competitive position would be
mitigated by potential margin dilution and execution risk for up to
two years following the closing. WFIS is one of the largest
national commercial insurance brokerage firms with approximately
$650 million of 2016 revenues providing risk management and benefit
solutions for middle market and large corporate clients.  We
believe pro forma adjusted EBITDA (including adjustments for deal
expenses and margin lag through the integration period) will
continue to support the rating. We expect to see sustained margin
improvement for the acquired business in 2018 and through 2019.

"The actions also reflect our belief that we will continue to
assess USI's financial risk profile as highly leveraged in
connection with its status as a financial sponsor-controlled
company. We also expect cash flow and leverage metrics to reflect
this assessment. In connection with the proposed deal financing, we
will treat the preferred shares as debt based upon our review of
terms and conditions per our criteria for treatment of noncommon
equity. We believe any resulting strain on financial leverage will
be offset by the addition of incremental pro forma adjusted EBITDA
associated with the transaction.

"Our stable outlook reflects our expectation that USI's pro forma
adjusted credit metrics will show limited change through 2018 in
connection with significant top-line growth supported by the
transaction, which is set to close toward the end of 2017. For
2018, we expect revenue growth of 55%-60% (driven by the WFIS
transaction), pro forma adjusted EBITDA margins of 28%-30%,
resulting in pro forma adjusted debt to EBITDA of 7.5x-8.0x and pro
forma adjusted EBITDA interest coverage of 2.0x-2.5x.

"We could revise our competitive assessment to weak and lower our
rating in the next 12 months if the WFIS integration falls
materially short of expected margin improvement, or if underlying
organic growth or cash flow generation deteriorate, indicating
strained strategic execution (including integration plans) and an
rising risk of higher-than-expected financial leverage and
weaker-than-expected EBITDA coverage, such as pro forma adjusted
debt to EBITDA above 8.5x and pro forma adjusted EBITDA coverage
below 2.0x.

"We foresee limited upside rating potential in the coming year due
to execution risk associated with the WFIS transaction, which will
serve as a constraint on USI's credit profile. Beyond the
integration period, which could extend for up to two years, we
could raise our ratings if adjusted financial leverage and pro
forma adjusted EBITDA coverage reflect more-conservative levels
(sustained pro forma adjusted debt to EBITDA of less than 6.5x and
pro forma EBITDA coverage of 3x-4x)."


V&L TOOL LLC: Wants to Continue Using Cash Through Sept. 30
-----------------------------------------------------------
V&L Tool, LLC, filed with the U.S. Bankruptcy Court for the Eastern
District of Wisconsin a stipulated motion for order approving fifth
amendment to its stipulation with GE Healthcare, a division of
General Electric Company, regarding its interim use of cash
collateral through Sept. 30, 2017.

As reported by the Troubled Company Reporter on May 12, 2017, the
Court entered an order approving the Fourth Amendment to the
Stipulation regarding the Debtor's interim use of cash collateral.
The Stipulation was amended to provide that, for each payment by GE
Healthcare to the Debtor made by GE Healthcare after March 31,
2017, and on or before June 30, 2017, under the GE Healthcare
Supply Agreement, GE Healthcare will withhold 20% of the payment
amount as a setoff/recoupment to be applied against the Subject
Obligations until it has received an additional $120,649 during the
period from April 1, 2017, through the later of June 30, 2017, or
the date a plan of reorganization is confirmed in the Debtor's
case.

Under the Fifth Amendment, the Debtor and GEHC agree to further
amend the Stipulation as follows:

     a. the Debtor and GEHC agree to further extend the term of
        the Stipulation until Sept. 30, 2017, as provided in the
        Fifth Amendment; and

     b. the Stipulation is amended to provide that, for each
        payment by GEHC to the Debtor under the GEHC Supply
        Agreement that is made by GEHC after June 30, 2017, and on

        or before Sept. 30, 2017, GEHC will withhold 20% of the
        payment amount as a setoff/recoupment to be applied
        against the Subject Obligations until it has received,
        through the 20% setoffs, an additional $43,696.80 during
        this period.

Except as amended by the Fifth Amendment, all of the terms and
conditions of the Stipulation, as previously amended, and as
approved by the June 7, 2016 court order, the Sept. 28, 2016 court
order, the Nov. 10, 2016 court order, the Dec. 27, 2016 court order
and the May 4, 2017 court order, remain in full force and effect.

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

         http://bankrupt.com/misc/wieb16-24208-232.pdf

                      About V&L Tool, LLC

Founded by Vyron Schaefer in 1968, V&L Tool, LLC, is in the
business of designing, machining and assembly of metals to close
tolerance specifications.

V&L Tool, LLC, formerly doing business as VLT Acquisition LLC,
filed a Chapter 11 petition (Bankr. E.D. Wis. Case No. 16-24208) on
April 27, 2016.  Greg Ahsmann, manager, signed the petition.  

At the time of filing, the Debtor disclosed $5.46 million in total
assets and $5.16 million in total liabilities.

The Debtor is represented by Jonathan D. Golding, Esq., and Richard
N. Golding, Esq., at the Golding Law Offices, P.C. of Chicago,
Illinois.


VMF INC: Court Extends Exclusive Plan Filing Period for 120 Days
----------------------------------------------------------------
Judge John J. Thomas of the U.S. Bankruptcy Court for the Middle
District of Pennsylvania extended VMF, Inc.'s exclusive time to
file a Plan of Reorganization for an additional 120 days from July
21, 2017, and the period to obtain confirmation for an additional
120 days.

The Troubled Company Reporter has previously reported that the
Debtor sought for exclusive extension in order to permit the Debtor
to complete and obtain confirmation of the plan.

The Debtor mentioned that it has already filed a disclosure
statement and plan on June 19, 2017, however, the hearing for
consideration of the disclosure statement has been set for August
10, 2017, which is after the exclusivity period expires.

                        About VMF Inc.

VMF, Inc., sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. M.D. Pa. Case No. 17-01128) on March 23, 2017.  James
T. Ritko, III, vice president, signed the petition.  The Debtor
estimated $500,000 to $1 million in assets and $100,000 to $500,000
in liabilities.  The case is assigned to Judge John J. Thomas.
John H. Doran, Esq., and Lisa M. Doran, Esq., at Doran & Doran,
P.C., serve as the Debtor's bankruptcy counsel.


WALTER INVESTMENT: Bank Debt Trades at 10% Off
----------------------------------------------
Participations in a syndicated loan under Walter Investment
Management Corp is a borrower traded in the secondary market at
90.29 cents-on-the-dollar during the week ended Friday, July 21,
2017, according to data compiled by LSTA/Thomson Reuters MTM
Pricing.  This represents a decrease of 0.58 percentage points from
the previous week.  Walter Investment pays 375 basis points above
LIBOR to borrow under the $1.5 billion facility. The bank loan
matures on Dec. 18, 2020 and carries Moody's Caa1 rating and
Standard & Poor's CCC- rating.  The loan is one of the biggest
gainers and losers among 247 widely quoted syndicated loans with
five or more bids in secondary trading for the week ended July 21.


WEATHERFORD INT'L: Debt Level Hurdle to Fitch Ratings Improvement
-----------------------------------------------------------------
Weatherford International Plc's (WFT) 'CCC' rating reflects
exposure to the oilfield services sector, a stressed balance sheet,
its fourth place market position amidst challenges with FCF
generation and a lukewarm oilfield services sector recovery.

As the fourth largest oilfield services company in the world, WFT
competes with the top three: Schlumberger Ltd. (SLB), Halliburton
(HAL) and Baker Hughes (BHI), whom have the ability to compete on
scale, which drives pricing power, particularly in a downturn, as
E&P capex budgets are no longer as robust, rig utilization rates
are weaker, and the customer base is even more price sensitive.
While, WFT has strategic initiatives in place such as additional
cost cuts, planned asset sales, and partnering and joint venture
(JV) arrangements that could improve negative operating margins,
and reduce debt levels, Fitch does not expect a change to the
current rating 'CCC' rating absent successful and timely execution
of these initiatives, including permanent debt reduction and robust
FCF growth.

Liquidity remains adequate. WFT had $546 million cash on the
balance sheet as of March 31, 2017, and has an undrawn $1.19
billion unsecured guaranteed credit facility, of which $199 million
matures at the end of July 2017. The OneStim joint venture with SLB
will include a one-time upfront $535 million cash payment at
closing in the second half of 2017. With the declining bank
commitment amounts, Fitch expects WFT will maintain a measured
capex budget and seek to maintain robust cash levels on the balance
sheet, in light of forecast weak FCF generation. Fitch expects WFT
will burn $317 million in 2017, and will be approximately FCF
break-even in 2018 and 2019. Credit metrics remain elevated, with
expected Debt/EBITDA of 15.3x in 2017, and to remain elevated in
2018 and 2019 at 8.2x and 5.4x respectively.

Although diminished, covenant violation risks remain in Fitch's
view, but are mitigated in the near term by recent capital market
transactions and amendments including the $250 million add on bond
issuance to the 9.875% senior unsecured notes of June 2024, and the
April 2017 amendment to the Credit Agreement that will permit
additional add backs to EBITDA calculations.

Fitch does not currently anticipate positive rating action on WFT
as relatively high debt levels, weak FCF generation, and slow
oilfield services sector recovery are key hurdles the company must
overcome to improve its' current credit trajectory. Negative
actions will occur with further credit metrics deterioration, or
renewed concerns around covenant violation risks that further
amplify liquidity risks.

WFTs' 14 product lines provide diverse service offerings compared
with smaller less diversified companies in the high-yield oilfield
services sector. However, its' business model is governed by long
and short term contracts and does not have a significant backlog of
longer-dated contracts that could insulate the company from demand
uncertainty in a pro-longed down turn.

Fitch maintains a negative outlook for the oilfield services
sector, due to low to range bound oil prices, which is a key driver
for oilfield services equipment demand.


WRIT MEDIA GROUP: MaloneBailey Raises Going Concern Doubt
---------------------------------------------------------
Writ Media Group, Inc., filed with the U.S. Securities and Exchange
Commission its annual report on Form 10-K, disclosing a net loss of
$691,739 on $11,375 of revenue for the year ended March 31, 2017,
compared with net loss of $1,402,141 on $nil of revenue for the
year ended March 31, 2016.

The Company's independent accountants MaloneBailey, LLP, states
that the Company has suffered losses from operations, which raises
substantial doubt about its ability to continue as a going
concern.

At March 31, 2017, the Company had total assets of $4.77 million,
total liabilities of $1.09 million, and $3.68 million in total
stockholders' equity.

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

                  http://bit.ly/2tulvfU

Based in Beverly Hills, Calif., Writ Media Group, Inc., is engaged
in producing films, television programs and similar entertainment
programs for various media formats.  The Company offers Retro
Infinity/Amiga Games crowd funding platform, which is supported by
a social marketing campaign.  The Company's subsidiaries include
Front Row Networks, Inc. (FRN), Amiga Games, Inc., Pandora Venture
Capital Corp and Retro Infinity, Inc.  The Company was was
incorporated in Delaware on March 9, 2007.


YORK RISK: Bank Debt Trades at 2% Off
-------------------------------------
Participations in a syndicated loan under York Risk Services
Holding is a borrower traded in the secondary market at 97.90
cents-on-the-dollar during the week ended Friday, July 21, 2017,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents an increase of 0.35 percentage points from the
previous week.  York Risk pays 375 basis points above LIBOR to
borrow under the $0.555 billion facility. The bank loan matures on
Sept. 18, 2021 and carries Moody's B3 rating and Standard & Poor's
B- rating.  The loan is one of the biggest gainers and losers among
247 widely quoted syndicated loans with five or more bids in
secondary trading for the week ended July 21.


Z ENTERPRISES: U.S. Trustee Unable to Appoint Committee
-------------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of Z Enterprises of New York as of
July 28, according to a court docket.

Z Enterprises of New York sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D.N.Y. Case No. 17-73960) on June 28,
2017.  The petition, signed by Frank Zeoli, member and owner, was
filed pro se.  

At the time of the filing, the Debtor disclosed that it had
estimated assets of less than $50,000 and liabilities of less than
$1 million.


ZEP INC: Moody's Affirms 'B3' Corporate Family Rating
-----------------------------------------------------
Moody's Investors Service affirmed Zep Inc.'s B3 Corporate Family
Rating (CFR) and B3-PD Probability of Default Rating. Moody's also
affirmed Zep's existing B2 senior secured revolver and term loan
rating. At the same time, Moody's assigned a B2 rating to the
company's proposed $45 million first lien revolver and $550 million
first lien term loan. Moody's also assigned a Caa2 rating to Zep's
proposed $175 million second lien term loan. The ratings outlook is
stable.

Proceeds from the new debt facilities will be used to fund the
acquisition of AFCO C&S, LLC, repay existing debt, and make a
shareholder distribution. Ratings on the existing $42.5 million
revolving credit facility and $356 million term loan will be
withdrawn at closing when the facilities are repaid.

The affirmation reflects Moody's expectation that leverage will
decline but still remain high, that revenue will begin to grow
after declining over the last couple years, and that earnings will
increase. Pro forma financial leverage is very high with
debt/EBITDA at 7.3 times. Moody's expects debt/EBITDA to decline
below 6 times by August 2019 through a combination of earnings
improvement and debt repayment. Moody's expects earnings to improve
from the company's footprint optimization efforts and acquisition
cost synergies. In addition, revenue should begin to grow as the
company continues to hire salaried salespeople to augment its 100%
commissioned salesforce, and begins to make increasing use of
distributors. Debt repayment will occur through scheduled
amortization and the use of excess cash flow.

Ratings Assigned:

- $45 million first lien revolver expiring 2022 at B2 (LGD 3)

- $550 million first lien term loan due 2024 at B2 (LGD 3)

- $175 million second lien term loan due 2025 at Caa2 (LGD 5)

Ratings Affirmed:

- Corporate Family Rating at B3

- Probability of Default Rating at B3-PD

- $42.5 million senior secured revolver expiring 2020 at B2 (LGD
   3) (to be withdrawn at closing)

- $356 million senior secured term loan due 2022 at B2 (LGD 3)
   (to be withdrawn at closing)

The ratings outlook is stable.

RATINGS RATIONALE

Zep's B3 Corporate Family Rating reflects the company's high
financial leverage and event risk related to private equity
ownership which could lead to shareholder distributions or debt
funded acquisitions. The rating also reflects good end market
diversification and relatively stable earnings.

The stable outlook reflects Moody's expectation that financial
leverage will remain high and that free cash flow will remain
positive.

Ratings could be upgraded if revenue and earnings grow, the company
effectively executes its business strategy, and debt to EBITDA is
sustained below 6.5 times.

Ratings could be downgraded if revenue or earnings decline,
liquidity deteriorates, or if debt to EBITDA exceeds 7.5x.

The principal methodology used in these ratings was that for the
Global Packaged Goods published in January 2017.

Zep Inc. produces chemical based products including cleaners,
degreasers, deodorizers, disinfectants, floor finishes, and
sanitizers mostly under brand names and primarily for use by other
businesses. Pro forma revenue was $705 million at 5/31/17. Zep is
owned by private equity firm New Mountain Capital, LLC.


[*] Fitch: Retailers Struggle Up Sector Loan Default Rate Above 5%
------------------------------------------------------------------
The trailing 12-month (TTM) retail institutional leveraged loan
default rate climbed above 5% in July from 2.8% at end-June,
according to Fitch Ratings. This year five retailers, including
True Religion Apparel and J.Crew Group this month, have defaulted
on $3.8 billion of loans. The retail sector loan default rate is
now well above the non-recessionary average of 1.4%.

"The loan universe hasn't seen defaults of this magnitude from
retail since the sector's previous high of 5.7% in 2009," said Eric
Rosenthal, Senior Director of Leveraged Finance.

Instead of challenges related to a recessionary pull back in
consumer spending, retail defaults generally result from a
combination of untenable capital structures, secular and
operational challenges.

Fitch forecasts the retail loan default rate will reach 9% by
year-end, although the timing of large defaults like Sears could
alter the projection. A Sears default would contribute more than 3%
to the projected retail default rate.

CLO exposure to retail defaults generally remains low. J.Crew and
True Religion were held in 73 and two Fitch-rated CLOs respectively
at end-June. The J. Crew default stemmed from a distressed debt
exchange involving loans and bonds rather than a bankruptcy.

Among retailers on Fitch's Loans of Concern list, 49 Fitch-rated
CLOs hold loans from David's Bridal, followed by Nine West Holdings
(30), Vince (16), Charming Charlie and Everest Holdings (13 each)
and Charlotte Russe (12). The overall default rate for Fitch-rated
CLOs was 0.5% at end-June, as most managers elect to sell
distressed holdings.

Fitch projects the overall term loan market default rate will end
the year around 2.5%. The rate currently stands at 1.9% and would
jump to 2.6% when iHeartCommunications defaults. Fitch believes the
company will likely end up in bankruptcy as out of court debt
exchange efforts have thus far been unsuccessful. As such, it is
the largest name on Fitch's Loans of Concern list.

Seadrill Ltd and Pacific Drilling SA are also on Fitch's Loans of
Concern list and will collectively add $3.6 billion of volume to
the universe when they default. The energy loan default rate fell
to 17% at mid-July from 20.2% at end-June. Fitch expects it will
rise slightly to 18% by year-end.

The full report is "U.S. Leveraged Loan Default Insight: U.S.
Leveraged Loan July TTM Retail Rate Surpasses 5%."


[*] Fitch: US Bank TruPS CDOs Combined Default & Deferral Rate Dips
-------------------------------------------------------------------
The number of combined defaults and deferrals for U.S. bank TruPS
CDOs declined to 13.1% at the end of the second quarter of 2017
(2Q17) from 13.4% at the end of 1Q17, according to the latest index
results published on July 25 by Fitch Ratings.

Cures: In 2Q17, four banks representing $62 million across eight
CDOs cured. Stark Bank Group, Ltd. was the largest outstanding
deferring issuer representing $50 million of notional.

Deferrals: One issuer with $5 million of notional in one CDO
re-deferred in 2Q17 for a second time, following its cure in 1Q17.

Defaults: In June, Cecil Bancorp, Inc. with $17 million of notional
in three CDOs, filed for voluntary Chapter 11 reorganization. A
group of investors have offered to purchase $30 million in new
stock to recapitalize Cecil Bancorp. Under the restructuring plan
filed, a 55-day auction process will be followed to allow for any
additional bids to be considered. The bank has been deferring
interest since March 2010. Based on the proposed plan, TruPS
investors will receive pro rata share of the greater of $1 million
or the auction proceeds. There were no other defaults in 2Q17.

Redemptions and Sales: Four performing issuers representing $51
million across six CDOs redeemed their TruPS. Two bank issuers that
last cured in March 2014, redeemed $12 million of TruPS across
three CDOs. In addition, one CDO reported recovery of 61.8% on $8
million notional from Porter Bancorp, Inc. The issuer completed a
private placement of $5 million of common stock in April 2016 and
used part of the proceeds to repay all deferred interest due in
June 2016 on TruPS, which had been in deferral since December 2011.
Closely following the cure, Porter Bancorp Inc., re-deferred in
September 2016. Two additional CDOs, with a combined $13 million
notional exposure to Porter Bancorp Inc., are yet to receive any
recovery. In addition, one defaulted issuer with a notional of $3
million in one CDO was sold realizing a recovery of 3%.

At the end of 2Q17, 1190 bank issuers with total notional of $22.4
billion remain outstanding across 70 Fitch-rated bank and mixed
bank & insurance TruPS CDOs, including 220 defaulted bank issuers
with approximately $4.5 billion of collateral, and 58 deferring
issuers with $420 million of collateral. This compares to 84
issuers deferring on $839 million of notional at the end of 2Q16.


[^] BOND PRICING: For the Week from July 17 to July 21, 2017
------------------------------------------------------------
  Company                  Ticker  Coupon Bid Price   Maturity
  -------                  ------  ------ ---------   --------
AM Castle & Co             CASL      5.250    15.000 12/30/2019
AM Castle & Co             CASL      7.000    58.000 12/15/2017
American Eagle
  Energy Corp              AMZG     11.000     0.933   9/1/2019
Amyris Inc                 AMRS      9.500    65.836  4/15/2019
Appvion Inc                APPPAP    9.000    53.000   6/1/2020
Appvion Inc                APPPAP    9.000    51.000   6/1/2020
Armstrong Energy Inc       ARMS     11.750     7.900 12/15/2019
Armstrong Energy Inc       ARMS     11.750    38.500 12/15/2019
Avaya Inc                  AVYA     10.500     9.000   3/1/2021
Avaya Inc                  AVYA     10.500     8.550   3/1/2021
BPZ Resources Inc          BPZR      6.500     1.500   3/1/2015
BPZ Resources Inc          BPZR      6.500     3.017   3/1/2049
Bank of America Corp       BAC       2.922    98.185  7/28/2017
BreitBurn Energy
  Partners LP / BreitBurn
  Finance Corp             BBEP      7.875    26.585  4/15/2022
BreitBurn Energy
  Partners LP / BreitBurn
  Finance Corp             BBEP      8.625    26.250 10/15/2020
BreitBurn Energy
  Partners LP / BreitBurn
  Finance Corp             BBEP      8.625    20.750 10/15/2020
BreitBurn Energy
  Partners LP / BreitBurn
  Finance Corp             BBEP      8.625    20.750 10/15/2020
Buffalo Thunder
  Development Authority    BUFLO    11.000    38.250  12/9/2022
Caesars Entertainment
  Operating Co Inc         CZR       5.750    86.250  10/1/2017
Chassix Holdings Inc       CHASSX   10.000     8.000 12/15/2018
Chassix Holdings Inc       CHASSX   10.000     8.000 12/15/2018
Chesapeake Energy Corp     CHK       2.500    98.550  5/15/2037
Chesapeake Energy Corp     CHK       2.750    61.000 11/15/2035
Chesapeake Energy Corp     CHK       2.500    99.125  5/15/2037
Chukchansi Economic
  Development Authority    CHUKCH    9.750    44.500  5/30/2020
Chukchansi Economic
  Development Authority    CHUKCH    9.750    43.750  5/30/2020
Cinedigm Corp              CIDM      5.500    35.000  4/15/2035
Claire's Stores Inc        CLE       9.000    50.100  3/15/2019
Claire's Stores Inc        CLE       8.875    13.000  3/15/2019
Claire's Stores Inc        CLE       6.125    46.500  3/15/2020
Claire's Stores Inc        CLE       7.750    12.500   6/1/2020
Claire's Stores Inc        CLE       9.000    53.500  3/15/2019
Claire's Stores Inc        CLE       7.750    12.500   6/1/2020
Claire's Stores Inc        CLE       9.000    50.500  3/15/2019
Claire's Stores Inc        CLE       6.125    47.500  3/15/2020
Cobalt International
  Energy Inc               CIE       2.625    29.510  12/1/2019
Cumulus Media
  Holdings Inc             CMLS      7.750    29.949   5/1/2019
EV Energy Partners LP /
  EV Energy Finance Corp   EVEP      8.000    53.500  4/15/2019
EXCO Resources Inc         XCO       7.500    71.002  9/15/2018
Emergent Capital Inc       EMGC      8.500    46.485  2/15/2019
Energy Conversion
  Devices Inc              ENER      3.000     7.875  6/15/2013
Energy Future
  Holdings Corp            TXU      11.250    39.500  11/1/2017
Energy Future
  Holdings Corp            TXU      10.875    39.750  11/1/2017
Energy Future
  Holdings Corp            TXU       6.500    12.500 11/15/2024
Energy Future
  Holdings Corp            TXU      10.875    39.500  11/1/2017
Energy Future
  Holdings Corp            TXU       9.750    29.250 10/15/2019
Energy Future
  Holdings Corp            TXU       5.550    10.000 11/15/2014
Energy Future
  Intermediate Holding
  Co LLC / EFIH
  Finance Inc              TXU      11.250    23.000  12/1/2018
Energy Future
  Intermediate Holding
  Co LLC / EFIH
  Finance Inc              TXU      11.250    30.000  12/1/2018
Energy Future
  Intermediate Holding
  Co LLC / EFIH
  Finance Inc              TXU       9.750    24.750 10/15/2019
FirstEnergy Corp           FE        2.750   100.333  3/15/2018
Fleetwood
  Enterprises Inc          FLTW     14.000     3.557 12/15/2011
GenOn Energy Inc           GENONE    9.500    66.750 10/15/2018
GenOn Energy Inc           GENONE    9.500    66.125 10/15/2018
GenOn Energy Inc           GENONE    9.500    72.000 10/15/2018
Global Brokerage Inc       GLBR      2.250    45.500  6/15/2018
Goldman Sachs
  Group Inc/The            GS        2.900   100.000  7/26/2017
Gulfmark Offshore Inc      GLFM      6.375    12.000  3/15/2022
Gymboree Corp/The          GYMB      9.125     1.000  12/1/2018
Homer City Generation LP   HOMCTY    8.137    38.750  10/1/2019
Illinois Power
  Generating Co            DYN       7.000    34.600  4/15/2018
Illinois Power
  Generating Co            DYN       6.300    35.250   4/1/2020
Interface Security
  Systems Holdings
  Inc / Interface
  Security Systems LLC     INSESY    9.250    99.750  1/15/2018
IronGate Energy
  Services LLC             IRONGT   11.000    35.250   7/1/2018
IronGate Energy
  Services LLC             IRONGT   11.000    35.250   7/1/2018
IronGate Energy
  Services LLC             IRONGT   11.000    35.250   7/1/2018
IronGate Energy
  Services LLC             IRONGT   11.000    35.250   7/1/2018
Jack Cooper Holdings Corp  JKCOOP    9.250    52.750   6/1/2020
Las Vegas Monorail Co      LASVMC    5.500     0.833  7/15/2019
Lehman Brothers
  Holdings Inc             LEH       4.000     3.326  4/30/2009
Lehman Brothers
  Holdings Inc             LEH       5.000     3.326   2/7/2009
Lehman Brothers
  Holdings Inc             LEH       1.600     3.326  11/5/2011
Lehman Brothers
  Holdings Inc             LEH       2.070     3.326  6/15/2009
Lehman Brothers
  Holdings Inc             LEH       1.383     3.326  6/15/2009
Lehman Brothers
  Holdings Inc             LEH       2.000     3.326   3/3/2009
Lehman Brothers
  Holdings Inc             LEH       1.500     3.326  3/29/2013
Lehman Brothers Inc        LEH       7.500     1.226   8/1/2026
MF Global Holdings Ltd     MF        3.375    27.500   8/1/2018
MModal Inc                 MODL     10.750    10.125  8/15/2020
Mashantucket Western
  Pequot Tribe             MASHTU    7.350    19.375   7/1/2026
Morgan Stanley             MS        2.922    99.136  7/28/2017
New Gulf Resources LLC/
  NGR Finance Corp         NGREFN   12.250     2.741  5/15/2019
New Gulf Resources LLC/
  NGR Finance Corp         NGREFN   12.250     2.741  5/15/2019
New Gulf Resources LLC/
  NGR Finance Corp         NGREFN   12.250     2.741  5/15/2019
Nine West Holdings Inc     JNY       6.125    17.336 11/15/2034
Nine West Holdings Inc     JNY       8.250    25.063  3/15/2019
Nine West Holdings Inc     JNY       6.875    16.000  3/15/2019
Nine West Holdings Inc     JNY       8.250    22.500  3/15/2019
Nuverra Environmental
  Solutions Inc            NESC     12.500    12.000  4/15/2021
OMX Timber Finance
  Investments II LLC       OMX       5.540    10.000  1/29/2020
Permian Holdings Inc       PRMIAN   10.500    29.125  1/15/2018
Permian Holdings Inc       PRMIAN   10.500    29.125  1/15/2018
Prospect Holding Co LLC /
  Prospect Holding
  Finance Co               PRSPCT   10.250    48.250  10/1/2018
RS Legacy Corp             RSH       6.750     0.001  5/15/2019
RS Legacy Corp             RSH       6.750     0.555  5/15/2019
Renco Metals Inc           RENCO    11.500    22.250   7/1/2003
Rolta LLC                  RLTAIN   10.750    16.750  5/16/2018
Samson Investment Co       SAIVST    9.750     7.960  2/15/2020
SandRidge Energy Inc       SD        7.500     2.009  2/15/2023
SunEdison Inc              SUNE      2.375     2.300  4/15/2022
SunEdison Inc              SUNE      5.000    10.500   7/2/2018
SunEdison Inc              SUNE      2.625     2.300   6/1/2023
SunEdison Inc              SUNE      0.250     2.250  1/15/2020
SunEdison Inc              SUNE      2.750     2.250   1/1/2021
SunEdison Inc              SUNE      2.000     2.250  10/1/2018
SunEdison Inc              SUNE      3.375     2.300   6/1/2025
TMST Inc                   THMR      8.000    15.100  5/15/2013
Talos Production LLC /
  Talos Production
  Finance Inc              TALPRO    9.750    62.500  2/15/2018
Talos Production LLC /
  Talos Production
  Finance Inc              TALPRO    9.750    62.500  2/15/2018
TerraVia Holdings Inc      TVIA      5.000    34.120  10/1/2019
TerraVia Holdings Inc      TVIA      6.000    61.116   2/1/2018
Terrestar Networks Inc     TSTR      6.500    10.000  6/15/2014
Trans-Lux Corp             TNLX      8.250    20.125   3/1/2012
UCI International LLC      UCII      8.625     0.050  2/15/2019
Vanguard Natural
  Resources LLC /
  VNR Finance Corp         VNR       7.875     5.980   4/1/2020
Vanguard Operating LLC     VNR       8.375    50.000   6/1/2019
Walter Energy Inc          WLTG      8.500     0.834  4/15/2021
Walter Energy Inc          WLTG      9.875     0.834 12/15/2020
Walter Energy Inc          WLTG      9.875     0.834 12/15/2020
Walter Energy Inc          WLTG      9.875     0.834 12/15/2020
Walter Investment
  Management Corp          WAC       4.500    34.375  11/1/2019
iHeartCommunications Inc   IHRT     10.000    63.100  1/15/2018
iHeartCommunications Inc   IHRT      6.875    60.000  6/15/2018
rue21 inc                  RUE       9.000     0.500 10/15/2021
rue21 inc                  RUE       9.000     4.400 10/15/2021


                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

TCR subscribers have free access to our on-line news archive.
Point your Web browser to http://TCRresources.bankrupt.com/and use
the e-mail address to which your TCR is delivered to login.

                            *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.  
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman,
Editors.

Copyright 2017.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $975 for 6 months delivered via
e-mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Peter A.
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                   *** End of Transmission ***