TCR_Public/170809.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Wednesday, August 9, 2017, Vol. 21, No. 220

                            Headlines

500 NORTH AVENUE: May Use Cash Collateral Through Oct. 31
69 NORTH FRANKLIN: Must be Represented by Licensed Legal Counsel
8 WEST 58TH: Court Approves Funding Agreement with 14 East
ACADANIA MANAGEMENT: S. Goodman Appointed as PCO
ADEPTUS HEALTH: 2nd Amended Plan Filed, Plan Disclosures Approved

ADVANCED MICRO DEVICES: Mubadala Unloads 40M Shares for $525.6M
AVAYA INC: Expects to Report $802M to $804M in Q3 Revenue
AVAYA: Enters Into Plan Support Agreement, Seeks Chapter 11 Exit
BANK OF ANGUILLA: Claims Not Barred by SC Statute of Limitations
BEAR FIGUEROA: Wants to Access $2.17 Million of DIP Financing

BLANN FARMS: Case Summary & 20 Largest Unsecured Creditors
CAESARS ENTERTAINMENT: Reports $1.4B Net Loss in 2nd Quarter
CALIFORNIA RESOURCES: OOGC Exec Powers Added to Board
CLUBCORP CLUB: S&P Lowers CCR to 'B' on Leveraged Buyout
COMMUNITY HEALTH: S&P Lowers CCR to 'B-', Outlook Stable

CURTIS C. MAGLEBY: C. Magleby Denied Payment of Admin. Claims
CYRUSONE INC: S&P Raises Corp Credit Rating to BB, Outlook Stable
DIGICERT INC: S&P Puts 'B-' Issue Rating on CreditWatch Positive
DRAGON JADE: Centurion ZD CPA Ltd. Casts Going Concern Doubt
EARTH PRIDE: Aug. 14 Meeting Set to Form Creditors' Panel

EDKEY INC: S&P Affirms 'BB' Ratings on 3 Bond Tranches
ELECTRONIC SERVICE: Wants to Use Cash Collateral Until Sept. 20
ENGINEERED WELL SERVICE: Court Dismisses Appeal as Moot
ERATH IRON: Cash Motion Denied for Want of Prosecution
FACTORY SALES: Hires Stone Pigman as Counsel

FAMOUS KOKO: Names Joyce Lindauer as Counsel
FINTON CONSTRUCTION: Unsecureds to Recoup 100% Over 72 Months
FIRST UNION BAPTIST: TD Stipulation Unenforceable Under NY Law
GAINESVILLE HOSPITAL: Aug. 21 Hearing in Bond Validation Action
GARRETSON TILE: Hires Lawrence Frank as Receivables Counsel

GFI CONSULTANTS: Chapter 15 Case Summary
GFI CONSULTANTS: Liquidator Seeks U.S. Recognition of UK Case
GLOBAL PAYMENTS: Active Network Deal No Impact on Moody's Ba2 CFR
GOODMAN AND DOMINGUEZ: Panel Taps KapilaMukamal as Advisors
GREEN TERRACE: Hires Fowler White as Bankruptcy Counsel

HARVEST CCP: Unsecureds to Recover 100% from Sale Proceeds
HELICRAFT HOLDINGS: Gets Approval for Liquidating Plan
HOWARD KERRY GARNER: Dist. Ct. Lacks Subject Matter Jurisdiction
IHEARTCOMMUNICATIONS INC: Incurs $174M Net Loss in Second Quarter
INFINITI HOMES: To Pay Wayne County in Full in 7 Years

INSTITUCION SANTA ELENA: Hires ATM Accounting as Accountant
INSTITUCION SANTA ELENA: Names Nydia Gonzalez Ortiz as Attorney
INTERNET BRANDS: Moody's Cuts CFR to B3; Outlook Stable
JZ SPORTS BAR: Hires Genova & Malin as Attorney
KB HOME: S&P Raises CCR to 'B+' on Strong Financial Results

KEELER'S MEDICAL: U.S. Trustee Directed to Appoint Ombudsman
KNIGHT ENERGY: Files for Chapter 11 After Reaching Plan Deal
KNIGHT ENERGY: Proposes Sept. 29 Claims Bar Date
KNIGHT ENERGY: Proposes to Continue Payments to Insiders
KNIGHT ENERGY: Proposes to Pay $1.41M to Critical Vendors

MCCLATCHY CO: Posts $225.1 Million Revenues in Second Quarter
MCK MILLENNIUM: A. Landis Not Disqualified as Tsakiris' Counsel
MESOBLAST LIMITED: Ends Second Quarter With $45.7M in Cash
MICRO HOLDING: S&P Affirms 'B' CCR on WebMD Deal, Outlook Stable
MOLINA HEALTHCARE: Moody's Cuts Senior Unsecured Debt Rating to B2

MOLINA HEALTHCARE: S&P Alters Outlook to Neg. & Affirms 'BB' CCR
MOUNTAIN THUNDER: Kona's Best Committed Breach of Contract
MT. OLIVE BAPTIST: Hires Petrie & Pettit as Counsel
NEOVASC INC: Will Host Q2 Conference Call on Aug. 10
NORTH AMERICAN GROUP: Has Until Oct. 16 to File Plan, Disclosures

NORTHERN OIL: Bahram Akradi Has 9.81% Equity Stake as of July 21
NOVITEX ACQUISITION: S&P Affirms Then Withdraws 'B' CCR
OAKFABCO INC: Court Approves Settlement Agreement with NERC
OCEANFRONT HOSPITALITY: Case Summary & 20 Top Unsecured Creditors
OIL PATCH TRANSPORTATION: Taps Hess Hopkins as Accountant

OPT CO: U.S. Trustee Unable to Appoint Committee
P.F. CHANG'S: S&P Affirms B- Corp Credit Rating, Outlook Negative
PACIFIC DRILLING: Incurs $138.1 Million Net Loss in Second Quarter
PALMDALE HILLS: Ct. Narrows Claims in Trustee's Suit v. SunCal Mngt
PALMDALE HILLS: SCM Wins Partial Summary Judgment in Clawback Suit

PETERSBURG, VA: S&P Revises Outlook on GO Bonds to Stable
PF CHANG'S: Moody's Rates Proposed $325MM Senior Term Loan Ba3
PHIBRO ANIMAL: S&P Affirms Then Withdraws 'B+' Corp Credit Rating
PHOTOMEDEX INC: Inks Two-Year Employment Agreement with CFO
PLAIN LEASING: Wants to Continue Using Cash Until Oct. 31

PROJECT SILVERBACK: Moody's Assigns B3 Corporate Family Rating
PROJECT SILVERBACK: S&P Gives B- CCR, Rates $265MM 1st Lien Debt B-
PUERTO RICO: Committee Tasked to Conduct Debt Probe Appointed
PUERTO RICO: Gibson Dunn Files Challenge to Oversight Board
QUIZHPI CAB: Case Summary & Unsecured Creditor

RAUL POSADA: Summary Judgment Bid in Clawback Suit Denied
RESOLUTE ENERGY: Appoints Two New Directors to Board
RESOLUTE ENERGY: Will Hold 'Say-on-Pay' Votes Annually
ROBERT T WINZINGER: Case Summary & 20 Largest Unsecured Creditors
RXI PHARMACEUTICALS: Has Until Jan 2018 to Regain Nasdaq Compliance

SABBATICAL INC: U.S. Trustee Allowed to Appoint Chapter 11 Trustee
SCRANTON, PA: S&P Hikes GO Debt Rating to BB+ on Improved Liquidity
SHORB DCE: Wants to Obtain $1.7 Million in DIP Financing
SIERRA HAMILTON: Moody's Withdraws 'C' Corporate Family Rating
SOOUM CORP: Hall & Company Raises Going Concern Doubt

SOURCEHOV LLC: S&P Raises Then Withdraws CCR Amid Exela Deal
SUAREZ CORPORATION: Case Summary & Largest Unsecured Creditors
SUAREZ CORPORATION: Files for Chapter 11 to Sell Assets
TERRAVIA HOLDINGS: Ashby, Brown Rudnick Represent Noteholders
TIFARO GROUP: EC Mansfield Wants to Use Capital One Cash Collateral

UCP INC: S&P Raises Then Withdraws 'B' CCR Amid Century Deal
VANGUARD NATURAL: Emerged From Bankruptcy Protection on Aug. 1
VITARGO GLOBAL: Wants to Use Cash Collateral Through Oct. 31
WALTER INVESTMENT: Moody's Cuts CFR to Caa3 on Restructuring Deal
WESTMORELAND RESOURCE: Appoints Principal Accounting Officer

WESTMORELAND RESOURCE: Chairman & 2 Directors Quit from Board
[*] Moody's: Q2 US Speculative-Grade Default Rate on Downward Trend

                            *********

500 NORTH AVENUE: May Use Cash Collateral Through Oct. 31
---------------------------------------------------------
The Hon. Ann M. Nevins of the U.S. Bankruptcy Court for the
District of Connecticut has entered a 19th interim order
authorizing 500 North Avenue, LLC, to use cash collateral of Manual
Moutinho, Trustee for Mark IV Construction Co Inc. 401(k) Savings
Plan  from Aug. 1, 2017, through Oct. 31, 2017.

A further hearing on the Motion has been scheduled for Oct. 25,
2017, at 10:00 a.m.

The Debtor may use cash collateral, including rental proceeds,
which cash collateral may be subject to the liens of the Secured
Creditor.

In exchange for the preliminary use of cash collateral by the
Debtor, and as adequate protection for the Secured Creditor's
interests therein, the Secured Creditor is granted replacement and
substitute liens in post-petition cash collateral, and the
replacement liens will have the same validity, extent, and priority
that the Secured Creditor possessed as to the liens on the Petition
Date.

It is the purpose and intent of the court order to allow the Debtor
to use rents which may constitute cash collateral of the Secured
Creditor and to provide the Secured Creditor with liens upon
post-petition assets to the extent the Secured Creditor held valid
liens as of the Petition Date, so that its interests therein will
not be diminished during the pendency of the Chapter 11 case.  The
secured position of the Secured Creditor that existed on the
Petition Date may not improve by virtue of the granting of the
replacement liens.

A copy of the 9th Interim Order is available at:

           http://bankrupt.com/misc/ctb14-31094-500.pdf

                     About 500 North Avenue

500 North Avenue, LLC, and Long Brook Station, LLC, filed Chapter
11 petitions (Bankr. D. Conn. Case Nos. 14-31094 and 14-31095) on
June 6, 2014.  The petitions were signed by Joseph Regensburger,
member.

At the time of filing, 500 North Avenue estimated $1 million to
$10 million in assets and $10 million to $50 million in
liabilities; and Long Brook Station estimated $500,000 to $1
million in assets and $1 million to $10 million in liabilities.

The cases are assigned to Judge Julie A. Manning.

The Debtors are represented by Douglas S. Skalka, Esq., at Neubert,
Pepe, and Monteith, P.C.


69 NORTH FRANKLIN: Must be Represented by Licensed Legal Counsel
----------------------------------------------------------------
Debtor 69 North Franklin Turnpike, LLC, appeals from the District
Court's dismissal of its pro se Notice of Appeal from two decisions
of the Bankruptcy Court. The District Court concluded that the LLC
could not proceed on its appeal because it was not represented by
licensed legal counsel. The U.S. Court of Appeals, Third Circuit
affirms the District Court's decision.

On appeal, the LLC argues that the District Court erred in
dismissing the appeal and not giving it an opportunity to cure the
deficiency. The Third Circuit disagrees.

The District Court concluded that dismissal was appropriate because
the Notice of Appeal was filed by Grace S. Wong, a non-attorney. It
is well established that a corporate entity such as a limited
liability company may not proceed pro se and must be represented by
legal counsel. The LLC does not escape this rule merely because
Wong is its managing member.

The LLC next argues that it was entitled to an opportunity to cure
the deficiency. Several Circuit Courts of Appeals have observed
that a pro se notice of appeal may proceed where the corporate
entity immediately retains counsel who promptly enters an
appearance and undertakes the representation. This case is plainly
distinguishable, however, as Wong evinced a "clear[ ] intent[ion]"
to proceed pro se. Despite multiple warnings about representing the
company or filing on its behalf, Wong purported to represent the
LLC both before the District Court and continued to do so before
the Third Circuit. In such circumstances, permitting the LLC an
opportunity to cure "would eviscerate the requirement that
corporations and other entities be represented by counsel."

The District Court, therefore, did not err in dismissing the Notice
of Appeal without an opportunity to cure.

The appeals case is 69 NORTH FRANKLIN TURNPIKE, LLC GRACE S. WONG,
Member-69 North Franklin Turnpike, LLC, Appellant, No. 16-1383
(3rd. Cir.).

A full-text copy of the Third Circuit's Opinion dated August 1,
2017, is available at https://is.gd/0Q6vCZ from Leagle.com.


8 WEST 58TH: Court Approves Funding Agreement with 14 East
----------------------------------------------------------
Debtor 8 West 58th Street Hospitality, LLC, filed a motion to
approve a funding agreement between the Debtor and 14 East 58th LLC
pursuant to Sections 363 and 364 of the Bankruptcy Code.  If
approved, the Agreement will provide funding for the Debtor's exit
from Chapter 11 after more than three tumultuous years.  The Motion
is opposed by Be My Guest, LLC.  A hearing to consider the Motion
was held on July 11, 2017.

Judge Sean H. Lane of the U.S. Bankruptcy Court for the Southern
District of New York approved the motion.

The Court finds that entering into the Agreement is well within the
Debtor's business judgment. The benefits of the Agreement are
numerous. First and foremost, it adds significant value to the
Debtor’s estate with a guaranteed monetary value of $1,000,000
for the estate. Second, it offers an indemnification provision,
under which the Landlord indemnifies the Debtor and Max Burgio, the
Debtor's principal, from any claims asserted by BMG or its
principals in connection with the litigation. Specifically, the
Landlord agrees to "indemnify the Debtor, the Debtor's estate, and
Burgio, from any and all claims, demands, suits or causes of
action, asserted by BMG and/or the BMG Principals, against the
Debtor, the Debtor’s estate, or Burgio, arising out of, or in
connection, with the Litigation."

Even if the Debtor is unsuccessful in its litigation against BMG,
therefore, the Debtor still has a guaranteed recovery of $1,000,000
in consideration for the "sale and transfer of all right, title and
interest of Debtor and/or Burgio in and to all claims against BMG
and the BMG Principals, including the filed Proof of Claim plus
continuing contempt penalties."

BMG raises several objections to the Motion. None have merit.
First, BMG questions the benefits to the Debtor under the Agreement
as compared with offers made by BMG to the Debtor. But the
Landlord's deal is simply better than what BMG has to offer. At the
July 11th Hearing, BMG stated it could pay $800,000 to the Debtor.
Thus, the Agreement is more valuable by at the least $200,000.
Under the Agreement, the floor for recovery by the Debtor is
$1,000,000, with the possibility of receiving $1,250,000.

BMG also complains that the Agreement will not end the Debtor's
involvement in litigation. But the Court notes that the Debtor's
litigation against BMG only became necessary because of BMG's
failure to honor its obligations. BMG cannot now leverage this
litigation to its benefit. BMG entered into an agreement to fund
the Debtor's plan and it failed to honor its obligations thereby
forcing the Debtor to seek alternatives. Now, BMG is essentially
seeking veto power over any other source of funding by virtue of
its earlier (unfulfilled) commitment to pay the Debtor for the
Lease. The Court will not condone BMG's gamesmanship or reward its
contempt.

BMG also insists the Agreement is a financing transaction subject
to Section 364 of the Bankruptcy Code. Admittedly, the Debtor moved
for approval of the agreement under both Sections 363 and 364, but
stated that it did so under Section 364 out of an abundance of
caution. As explained by the Debtor and made clear from the terms
of the Agreement, the funding is not a loan. The Agreement does not
provide an applicable interest rate, terms of repayment, or events
of default. Rather, it is an agreement for the Landlord to serve as
the source of funds for the Debtor's exit from bankruptcy. Indeed,
it is not all that different in many ways from the agreement the
Debtor originally reached with BMG; both essentially seek to convey
the Lease to a non-debtor third party in exchange for a payment
that will be used to pay creditors.

For all the said reasons, the Court approves the Motion. The Debtor
shall submit a proposed order on three days' notice. The proposed
order shall reflect the modifications to the Agreement that were
discussed at the July 11th Hearing to clarify the Court's questions
relating to the Debtor's ability to reach a settlement with BMG
and/or BMG's principals without the Landlord's consent.

A full-text copy of Judge Lane's Memorandum of Decision dated
August 4, 2017, is available at:

     http://bankrupt.com/misc/nysb14-11524-209.pdf

Counsel to 8 West 58th Street Hospitality, LLC:

    Kevin J. Nash, Esq.
    J. Ted Donovan, Esq.
    GOLDBERG WEPRIN FINKEL GOLDSTEIN LLP
    1501 Broadway, 22nd Floor
    New York, New York 10036
    KNash@gwfglaw.com

Counsel to 14 East 58th LLC:

    Brett D. Goodman, Esq.
    TROUTMAN SANDERS LLP
    875 Third Avenue
    New York, New York 10022
    brett.goodman@troutmansanders.com

Counsel to Be My Guest, LLC:

    Douglas J. Pick, Esq.
    Eric C. Zabicki, Esq.
    PICK & ZABICKI LLP
    369 Lexington Avenue, 12th Floor
    New York, New York 10017
    dpick@picklaw.net
    ezabicki@picklaw.net

Counsel to Nello Balan and Lucy Balan:

    Lawrence M. Gordon, Esq.
    LAW OFFICES OF LAWRENCE M. GORDON
    300 Garden City Plaza, Suite 450
    Garden City, New York 11530

8 West 58th Street Hospitality, LLC, in New York, filed a Chapter
11 petition (Bankr. S.D.N.Y. Case No. 14-11524) on May 20, 2014.
It listed $2.23 million in assets and $1.36 million in
liabilities.
The petition was signed by Max Burgio, managing member.


ACADANIA MANAGEMENT: S. Goodman Appointed as PCO
------------------------------------------------
Judge Robert Summerhays of the U.S. Bankruptcy Court for the
Western District of Louisiana approved the U.S. Trustee's
appointment of Susan Goodman as the Patient Care Ombudsman in the
Chapter 11 cases of Acadiana Management Group, LLC, and its debtor
affiliates.

Pursuant to the Order entered on July 28, 2017, the U.S. Trustee
was directed to appoint a Patient Care Ombudsman. Accordingly,
Henry G. Hobbs, Jr., Acting U.S. Trustee for Region 5 has selected,
Susan Goodman as the Patient Care Ombudsman for the Debtors'
patients.

                    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.

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.; (2) Accountable Healthcare Staffing; (3) CHCT Louisiana, LLC;
(4) Rehabilitation Hospital of Acadiana LLC; and (5) Stability
Biologics LLC.


ADEPTUS HEALTH: 2nd Amended Plan Filed, Plan Disclosures Approved
-----------------------------------------------------------------
BankruptcyData.com reported that Adeptus Health filed with the U.S.
Bankruptcy Court a Second Amended Joint Plan of Reorganization and
related Disclosure Statement. According to the Disclosure
Statement, "The Plan incorporates extensive negotiations among the
Debtors, Deerfield, the Debtors' joint venture partners, MPT, the
Creditors' Committee, and other parties. . . .  The Debtors will
establish a Litigation Trust to investigate and pursue Causes of
Action transferred to the Litigation Trust and to distribute the
proceeds of any recovery thereupon. The structure of the Litigation
Trust (including the funding that will be provided by the Deerfield
and the fact that Deerfield will subordinate claims that it would
otherwise be entitled to assert) will allow for a more favorable
recovery than what would otherwise occur under a chapter 7
liquidation, and therefore, the Plan is in the best interests of
all creditors and equity interest holders. The Litigation Trust
shall be funded (the 'Litigation Trust Initial Funding') by the
Ohio Real Estate Proceeds, and, next, solely if necessary to
satisfy fees and expenses of the Litigation Trust (as determined by
the Litigation Trust Trustee), a $1,000,000 loan contributed by the
Deerfield Parties. To the extent the loan is extended by the
Deerfield Parties, such loan shall be repaid to the Deerfield
Parties from proceeds of the Litigation Trust and shall bear
interest at the rate of 10 percent (10%) per annum. Proceeds of the
Litigation Trust shall be distributed in accordance with the
Litigation Trust Waterfall."

The Court subsequently approved the Disclosure Statement and
scheduled a September 13, 2017 hearing to consider the Plan, with
objections due by September 5, 2017, according to the report.

              About ADPT DFW Holdings LLC

Adeptus Health LLC -- http://www.adpt.com/-- through its  
subsidiaries, owns and operates hospitals and free standing
emergency rooms in partnership with various healthcare providers.
Adeptus Health Inc. is a holding company whose sole material asset
is a controlling equity interest in Adeptus Health LLC.

Lewisville, Texas-based ADPT DFW Holdings LLC and its affiliates,
including Adeptus Health, Inc., and Adeptus Health LLC, each filed
Chapter 11 bankruptcy petitions (Bankr. N.D. Tex. Lead Case No.
17-31432) on April 19, 2017, listing $798.7 million in total assets
and $453.48 million in total debt as of Sept. 30, 2016. Andrew
Hinkelman, their chief restructuring officer, signed the
petitions.

Judge Stacey G. Jernigan presides over the cases.

Elizabeth Nicolle Boydston, Esq., Kristian W. Gluck, Esq., John N.
Schwartz, Esq., Timothy S. Springer, Esq., and Louis R. Strubeck,
Jr., Esq., at Norton Rose Fulbright US LLP serve as the Debtors'
bankruptcy counsel. The Debtors tapped DLA Piper LLP (US) as
special counsel; FTI Consulting, Inc., as chief restructuring
officer; Houlihan Lokey, Inc., as investment banker; and Epiq
Systems as claims and noticing agent.

On May 1, 2017, a nine-member official unsecured creditors
committee was formed in the case. The committee tapped Akin Gump
Strauss Hauer & Feld LLP as counsel. The Committee retained
CohnReznick as financial advisors.

On June 19, 2017, the U.S. Trustee appointed an official committee
of equity security holders. The equity committee hired Winstead
P.C. as legal counsel.

Daniel T. McMurray has been named as Patient Care Ombudsman in the
Debtors' cases. The PCO tapped Focus Management Group USA, Inc., as
medical operations advisor.


ADVANCED MICRO DEVICES: Mubadala Unloads 40M Shares for $525.6M
---------------------------------------------------------------
Mubadala Investment Company PJSC, Mubadala Development Company
PJSC, West Coast Hitech L.P. and West Coast Hitech G.P., Ltd.
disclosed in a regulatory filing with the Securities and Exchange
Commission that as of Aug. 4, 2017, they beneficially own
131,906,166 shares of common stock of Advanced Micro Devices, Inc.
representing 12.9% of the shares outstanding.

On Aug. 4, 2017, Mubadala, et al., sold an aggregate of 40,000,000
shares of Common Stock to Morgan Stanley & Co. LLC at a price of
$13.14 per share, for a total purchase price of $525,600,000, in a
block trade transaction pursuant to an exemption from the
registration requirements under the Securities Act of 1933.

In connection with that sale, West Coast Hitech L.P., as holder,
and Morgan Stanley entered into a Lock Up Agreement, dated Aug. 4,
2017, pursuant to which the Holder agreed that it will not, subject
to certain exceptions, for a period of 60 days after the date of
the Lock Up Agreement, without the prior written consent of the
Buyer, offer, sell, contract to sell, pledge, grant any option to
purchase, make any short sale or otherwise dispose of, contract to
dispose of, or enter into any transaction having the economic
consequences of a disposition, (i) Common Stock of the Issuer or
(ii) any securities convertible into or exercisable or exchangeable
for such Common Stock, or publicly announce an intention to effect
any such transaction.

In connection with that sale, the Holder and Buyer also entered
into a Side Letter Agreement, dated Aug. 4, 2017, pursuant to which
Buyer agreed that it would not resell the Block Trade Shares in a
manner inconsistent with the provisos to Section 9.06 of the
Agreement, as amended by Agreement Amendment No. 2.

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

                          goo.gl/FSqqaS

                    About Advanced Micro Devices

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

AMD incurred a net loss of $497 million for the year ended Dec.
31, 2016, a net loss of $660 million for the year ended Dec. 26,
2015, and a net loss of $403 million for the year ended Dec. 27,
2014.

                       *     *     *

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

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


AVAYA INC: Expects to Report $802M to $804M in Q3 Revenue
---------------------------------------------------------
Avaya on Aug. 7, 2017, announced preliminary unaudited financial
results for the third fiscal quarter ended June 30, 2017.  Third
fiscal quarter 2017 revenue is expected to be in the range of $802
to $804 million dollars, approximately flat sequentially and a
decline of 9% from the third quarter of the prior year.  Adjusted
EBITDA is expected to be in the range of $202 million to $206
million, or 25.1% to 25.7% of revenue.  The cash balance is
expected to be approximately $729 million, reflecting positive
operating cash flow offset primarily by payments to first lien
debtholders.  In addition, the third fiscal quarter 2017 cash
balance does not include the initial cash proceeds of approximately
$70 million received upon closing of the sale of the Networking
assets on July 14.

The company noted that these financial results for the third fiscal
quarter ended June 30, 2017 are preliminary and subject to the
completion of financial closing and review procedures performed by
its independent auditors.  There can be no assurance that the
company's final results will not differ from these preliminary
estimates as a result of quarter-end closing, review procedures, or
review adjustments, and any such changes could be material.

Avaya expects to report third fiscal quarter results the week of
August 14.  Links to the financial results press release and
accompanying slides will be available on the investor page of
Avaya's website (www.avaya.com/investors).  The company will not
hold a conference call or webcast to discuss results.

Along with announcing its preliminary earnings, Avaya also
announced the filing of an amended Plan of Reorganization in its
chapter 11 cases and the support of the amended Plan by a majority
of holders of its first lien debt.

"[Mon]day's filings pave the way for Avaya's near term exit from
chapter 11 and our return as a publicly traded technology company,"
said Kevin Kennedy, president and CEO.  "The company will exit this
process with an industry leading financial model preserved
throughout the restructuring process, reduced complexity following
the divestiture of our Networking business, strong innovation
across our portfolio and commercial execution that exceeded the
Avaya Business Plan."

Avaya also announced a CEO succession plan.  Effective October 1,
Mr. Kennedy will retire as CEO and be succeeded by Jim Chirico, who
is currently Chief Operating Officer and Global Sales Leader. Mr.
Kennedy will also retire from the Board of Directors but he will
continue as an advisor to the company.  Mr. Chirico will join the
Board effective October 1.

                        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 Jan. 24, 2017.


AVAYA: Enters Into Plan Support Agreement, Seeks Chapter 11 Exit
----------------------------------------------------------------
Avaya on Aug. 7, 2017, disclosed that it has entered into a Plan
Support Agreement (the "PSA") with holders of over 50% of its first
lien debt, including certain members of the Ad Hoc Group of First
Lien Creditors (the "Ad Hoc First Lien Group").  In addition, the
company has reached agreement with U.S. Pension Benefit Guaranty
Corporation ("PBGC") to provide for the termination of the
company's obligations under the Avaya Pension Plan for Salaried
Employees ("APPSE") and the related transfer of those obligations
to PBGC, with the support of the Ad Hoc First Lien Group.  Avaya
has filed an amended plan of reorganization (the "Amended Plan")
and disclosure statement reflecting the terms of these agreements.

The PSA results from extensive negotiations among Avaya and members
of the Ad Hoc First Lien Group.  The Holder Parties (as defined in
the PSA) who executed the PSA collectively hold over 50% of Avaya's
first lien indebtedness.  These parties have agreed, among other
things, to support the restructuring transactions contemplated by
the Amended Plan, vote in favor of the Amended Plan when solicited
in accordance with applicable law and not take any action
inconsistent with the PSA or the transactions contemplated thereby.
As a result, once the company has received approval from the Court
to solicit creditor votes and receives the requisite votes, the
Amended Plan is confirmable.  Key terms of the Amended Plan
include:

   -- The reduction of Avaya's debt by more than $3 billion from
pre-filing levels;

   -- The settlement and transfer to PBGC of Avaya's obligations
under the APPSE;

   -- Avaya's continued support of its obligations under the Avaya
Pension Plan ("APP"); and

   -- Initiation of steps to enable Avaya to emerge from
chapter 11 as a public company.

"We are very pleased to have reached these agreements with these
key stakeholders in our restructuring process, the Ad Hoc First
Lien Group and PBGC," said Kevin Kennedy, President and Chief
Executive Officer of Avaya.  "This is an important milestone in the
chapter 11 process and marks Avaya's progress toward our goal of
emerging a stronger, more competitive company.  Further, we believe
this is a positive and beneficial outcome for our stakeholders.
With a creditor-supported and confirmable Plan of Reorganization in
place, we now have a clear and viable path to emerge from chapter
11 in the near term."

Avaya will continue to work to build consensus and gain the support
of other stakeholders.  Avaya will seek approval of its revised
disclosure statement and the PSA at its scheduled court hearing on
August 23, 2017.

Centerview Partners LLC and Zolfo Cooper Management, LLC are
Avaya's financial and restructuring advisors and Kirkland & Ellis
LLP is the company's restructuring counsel.

The Ad Hoc First Lien Group is represented by Akin Gump Strauss
Hauer & Feld LLP and PJT Partners, as legal and financial advisors,
respectively.

                        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 Jan. 24, 2017.


BANK OF ANGUILLA: Claims Not Barred by SC Statute of Limitations
----------------------------------------------------------------
The case captioned National Bank of Anguilla (Private Banking and
Trust) Ltd., Plaintiff, v. Robert Considine and Anne Considine,
Defendants, C.A. No. 9:17-cv-653-PMD (D.S.C.) arises out of the
Considines' acquisition of property on Anguilla. To finance the
property, the Considines entered into a loan agreement with
Plaintiff National Bank of Anguilla (Private Bank and Trust) Ltd.
on March 2, 2007. National Bank alleges that the Considines
defaulted on the loan agreement by failing to make the required
payments and still owe almost $200,000 under its terms.

The Considines also entered into an overdraft agreement with
National Bank on Feb. 26, 2010. Under the terms of the overdraft
agreement, National Bank would continue to honor charges against
the Considines' account up to $50,000. National Bank claims that
the Considines also defaulted on the overdraft agreement and owe
almost $60,000 in principal and interest under the terms of that
agreement. Accordingly, National Bank brings the instant action to
recover the money the Considines purportedly owe.

The Considines filed a motion to dismiss on May 1, National Bank
responded on May 19, and the Considines replied on May 26. Judge
Patrick Michael Duffy of the U.S. District Court for the District
of South Carolina denied the Considines' motion.

The Considines argue that National Bank's claims are barred by
South Carolina's statute of limitations. Most breach of contract
actions in South Carolina are subject to a three-year statute of
limitations. They contend that South Carolina's three-year statute
of limitations applies. They claim that because the defaults on the
loan agreement and the overdraft agreement occurred more than three
years before National Bank commenced this action, those claims are
barred. Unsurprisingly, National Bank disagrees and argues that
Anguilla's twelve-year statute of limitations applies.

Judge Duffy finds that National Bank's claims are not barred
because either Anguilla's twelve-year statute of limitations or
South Carolina's twenty-year statute of limitations applies. The
Court need not undertake a choice of law analysis at this time
because National Bank's claims are timely under either a twelve or
a twenty-year statute of limitations.

The Considines also argue that National Bank is judicially estopped
from bringing these claims because it did not include them in the
schedule of assets and liabilities it filed with the U.S.
Bankruptcy Court for the Southern District of New York in
connection with its Chapter 11 bankruptcy proceeding.

Here, Judge Duffy finds that judicial estoppel cannot apply because
National Bank has not succeeded in maintaining the inconsistent
position in bankruptcy court. To the contrary, National Bank's
bankruptcy proceedings are ongoing, and the bankruptcy court has
not yet confirmed a plan. Therefore, judicial estoppel cannot
apply.

The Considines further argue that National Bank cannot bring suit
in South Carolina because it has no authority to transact business
in South Carolina. Assuming that statute applies, the Considines
have failed to establish the necessary prerequisite that National
Bank is transacting business in South Carolina. Subsection
33-15-101(b)(1) clearly states that maintaining, defending, or
settling a proceeding does not constitute transacting business in
South Carolina. Thus, the fact that National Bank sued the
Considines in the state where they reside is not sufficient to
constitute transacting business for the purposes of section
33-15-102. As for the underlying basis of this action, the
Considines appear to have reached into Anguilla to obtain the loan
at issue, rather than National Bank reaching into South Carolina.
Accordingly, viewing the allegations in the light most favorable to
the plaintiff, the Court concludes that National Bank was not
transacting business in South Carolina.

Finally, the Considines claim that this action should be dismissed
under the doctrine of forum non conveniens. The Court disagrees.
"The forum non conveniens doctrine is a common law doctrine now
largely limited in federal court to cases where the alternative
forum for litigating the dispute is outside of the United States."

For these reasons, Judge Duffy issues an order denying the
Considines' motion to dismiss.

A full-text copy of Judge Duffy’s Order dated August 1, 2017, is
available at https://is.gd/8KWr85 from Leagle.com.

National Bank of Anguilla (Private Banking and Trust) Ltd,
Plaintiff, represented by Elliot Darren Schuler, Schuler Zarin
PLLC, pro hac vice.

National Bank of Anguilla (Private Banking and Trust) Ltd,
Plaintiff, represented by Prina Chandrakant Maines, The Law Office
of Prina C Maines PC.

Robert Considine, Defendant, represented by Michael A. Scardato --
mscardato@mcnair.net -- McNair Law Firm.

Anne Considine, Defendant, represented by Michael A. Scardato,
McNair Law Firm.

               About National Bank of Anguilla

The National Bank of Anguilla was formed in 1984 and started
operating in 1985, when it acquired the Anguilla branch of the
Bank
of America National Trust & Savings Association, according to its
website.  The private-banking unit provides financial services to
offshore clients around the world and is wholly owned by its
parent, Bloomberg News notes.

The parent ceased banking operations on April 22, 2016.  It
started
liquidating in an Anguillan court the following month.  On May 26,
it petitioned for bankruptcy court protection from U.S. creditors.

Banking operations were transferred to the National Commercial
Bank
of Anguilla, which is wholly owned by the government.

The private bank's case is In re National Bank of Anguilla
(Private
Banking & Trust Ltd.) Case No. 16-11806 (Bankr. S.D.N.Y.).  The
parent's case is Case No. 16-11529 in the same bankruptcy court.


BEAR FIGUEROA: Wants to Access $2.17 Million of DIP Financing
-------------------------------------------------------------
Bear Figueroa LLC seeks permission from the U.S. Bankruptcy Court
for the Central District of California to enter into negotiations
to refinance the loans secured by existing liens on its property
located at 10520 South Figueroa Blvd., Los Angeles, California
90003.

A hearing to consider the Debtor's request will be held on Aug. 31,
2017, at 9:30 a.m.

The Debtor seeks approval of a refinancing loan secured by the
Property.  The total loan amount of approximately from $2,015,000
to $2,170,000.  The current liens on the Property in favor of
Evergreen Advantage LLC and the Los Angeles County Tax Collector
will be paid in full.  The Debtor anticipates filing a proposed
Chapter 11 plan which will include this post-petition refinancing
if approved.

In exchange for payment within the next 60 days, the secured
creditors, Evergreen Advantage LLC and the Los Angeles County Tax
Collector will release their liens.  There are currently three
notices of interest the Debtor is taking under consideration:

     1) Notice of Interest -- Private Source Capital, LLC
        a) The loan will be for a total of $2,170,000 with a first

           priority deed of trust in favor of Private Source
           Capital, LLC, at the interest rate of 10.99% secured by

           an insured mortgage on the real property located at
           10520 Figueroa Street, Los Angeles, California 90003,
           and 10601 Crenshaw Boulevard, Inglewood, California
           90303;

     2) Notice of Interest -- Agoura Hills Financial
        a) The loan will be for a total of $2,015,000 with first
           priority deed of trust in favor of Agoura Hills
           Financial at the interest rate of 10.00%; and

     3) Notice of Interest -- FK Capital Fund, Inc.
        a) The loan will be for a total of $2,170,000 with first
           priority deed of trust in favor of FK Capital Fund,
           Inc., at the interest rate of 11%.  The additional
           collateral for the property is located at 10601
           Crenshaw Boulevard, Inglewood, California 90303 and
           2218 Imperial Highway, Hawthorne, California 90250.

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

          http://bankrupt.com/misc/cacb17-14249-38.pdf

                      About Bear Figueroa

Headquartered in Culver City, California, Bear Figueroa LLC owns a
property located at 10520 South Figueroa Boulevard, Los Angeles,
California 90003, valued at $2.9 million.  For 2016, it recorded
gross revenue of $265,000 compared to gross revenue of $250,000
during the prior year.

Bear Figueroa filed for Chapter 11 bankruptcy protection (Bankr.
C.D. Cal. Case No. 17-14249) on April 6, 2017, listing $2.9 million
in total assets and $1.93 million in total liabilities.  The
petition was signed by Denise Johnson, managing member.

Judge Vincent P. Zurzolo presides over the case.

Lionel E Giron, Esq., at the Law Offices of Lionel E. Giron, serves
as the Debtor's bankruptcy counsel.

No creditors' committee has been appointed by the United States
Trustee.


BLANN FARMS: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: Blann Farms, Inc.
           dba Blann Berries
        12570 N. Texas Gas Road
        Oaktown, IN 47561

Type of Business:     Blann Farms, Inc. owns the Blann Berries, a
                      strawberry farm located less than 45
                      minutes South of Terre Haute in the heart of

                      Southern Indiana's melon country.  Selling
                      to the public since 2002, its operation has
                      grown from an original 7-acre strawberry
                      patch to 30 acres of strawberries.

                      Web site: http://blannberries.com/

Chapter 11 Petition Date: August 7, 2017

Case No.: 17-80514

Court: United States Bankruptcy Court
       Southern District of Indiana (Terre Haute)

Judge: Hon. Jeffrey J. Graham

Debtor's Counsel: David R. Krebs, Esq.
                  HESTER BAKER KREBS LLC
                  One Indiana Square, Suite 1600
                  211 N. Pennsylvania Street
                  Indianapolis, IN 46204
                  Tel: 317-833-3030
                  Fax: 317-833-3031
                  E-mail: dkrebs@hbkfirm.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Jeffrey B. Blann, president, who also
sought bankruptcy protection on August 7 (Bankr. S.D. Ind. Case No.
17-80515).

The Debtor's list of 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/insb17-80514.pdf


CAESARS ENTERTAINMENT: Reports $1.4B Net Loss in 2nd Quarter
------------------------------------------------------------
Caesars Entertainment Corporation ("CEC") on Aug. 3, 2017, reported
its second quarter of 2017 results:

   -- Net revenues for CEC increased 1.0% year-over-year to $1.0
billion, mainly due to higher volumes across most properties,
strong hotel performance in Las Vegas and incremental revenues from
operational initiatives.

   -- Net loss for CEC, before including the effect of
noncontrolling interest, was $1.4 billion, reflecting a $617
million improvement compared to the second quarter of 2016,
primarily attributable to lower adjustments related to the
restructuring of Caesars Entertainment Operating Company, Inc.
("CEOC").

   -- Adjusted EBITDA for CEC was flat year-over-year at $289
million.

   -- Despite softness in Las Vegas and ongoing construction
disruption year-over-year, continuing CEC occupancy improved 1.4%,
and lodging revenues increased 1.3%.

   -- Received stockholder approval for the merger of CEC and
Caesars Acquisition Company ("CAC") and continued to make progress
with regulators in jurisdictions where approvals are required for
CEOC's restructuring and emergence from bankruptcy, with approvals
from Nevada, Missouri, and Louisiana still pending.

"In the second quarter, stronger gaming fundamentals across most of
our properties were offset by expected unfavorable year-over-year
hold, primarily in baccarat, and the impact of more hotel rooms off
the market for renovation," said Mark Frissora, President and Chief
Executive Officer.  "Despite these second-quarter headwinds, we
have seen improved performance in the third quarter and believe we
are on track to surpass our initially disclosed 2017 full-year
EBITDAR projections by at least $40 million before the anticipated
deconsolidation of Horseshoe Baltimore.  We currently expect to
complete the restructuring of CEOC and the merger of Caesars
Entertainment and Caesars Acquisition in the first week of October,
which will allow us increased flexibility to prudently invest in
growth."

Summary Financial Data

The results of CEOC and its subsidiaries are no longer consolidated
with Caesars subsequent to CEOC and certain of its United States
subsidiaries (the "Debtors") voluntarily filing for reorganization
under Chapter 11 of the United States Bankruptcy Code (the
"Bankruptcy Code") on January 15, 2015.  In January 2017, the U.S.
Bankruptcy Court for the Northern District of Illinois approved
CEOC's Plan of Reorganization.

Supplemental materials have been posted on the Caesars
Entertainment Investor Relations website at
http://investor.caesars.com/financials.cfm.

Second Quarter of 2017 Financial Results

CEC views each casino property as an operating segment and
currently aggregate all such casino properties into two reportable
segments, which aligns with their ownership and underlying credit
structures: Caesars Entertainment Resort Properties ("CERP") and
Caesars Growth Partners, LLC ("CGP").  On September 23, 2016, CIE
sold its social and mobile games business ("SMG Business") while
retaining its World Series of Poker ("WSOP") and regulated online
real money gaming businesses.  The SMG Business represented the
majority of CIE's operations and is being classified as a
discontinued operation for all periods presented.

Segment results in this release are presented consistently with the
way Caesars management assesses these results and allocates
resources, which is a consolidated view that adjusts for the impact
of certain transactions between reportable segments within Caesars,
as described below. Accordingly, the results of certain reportable
segments presented in this filing differ from the financial
statement information presented in their stand-alone filings.
"Other" includes parent, consolidating, and other adjustments to
reconcile to consolidated Caesars results. All comparisons are to
the same period of the previous year.

CEC

Net revenues increased 1.0% year-over-year to $1.0 billion
primarily attributable to improved volumes across most properties,
strong hotel performance in Las Vegas and incremental revenues from
our operational initiatives.  This revenue growth was partially
offset by the results of our Baltimore facility, which reflect the
presence of a new competitor this year.  Income from operations
increased $46 million to $157 million in the second quarter of
2017.  Net loss, before including the effect of non-controlling
interest, was $1.4 billion compared with a net loss of $2.0 billion
in the second quarter of 2016 mainly due to a lower accrual related
to CEC's estimate of the amount it will pay to support the
restructuring of CEOC.  Property EBITDA increased 2.3% to $311
million in the second quarter of 2017 and adjusted EBITDA remained
relatively unchanged in the second quarter of 2017 as higher
revenues were offset by higher operating expenses.

CERP

CERP owns six casinos in the United States and The LINQ promenade,
along with leasing Octavius Tower at Caesars Palace Las Vegas to
CEOC and gaming space at The LINQ promenade to CGP.

Net revenues for the second quarter of 2017 was $570 million, up
1.4% primarily due to increased revenues associated with
operational initiatives, higher gaming volumes and increased hotel
cash revenues.  Rooms revenues rose 2.8% in the quarter to $148
million mainly due to higher hotel rates, improved hotel yield, and
resort fees.  Hotel performance benefited as room nights off the
market in the second quarter of 2017 dropped to 2,000 compared with
10,000 off the market in the second quarter of 2016.  Casino
revenues was relatively unchanged from the prior year with higher
gaming volumes offset by unfavorable year-over-year hold.

Income from operations increased $7 million to $118 million, net
income increased to $15 million from $8 million in the second
quarter of 2016.  Adjusted EBITDA remained relatively unchanged at
$178 million, mainly due to higher revenues offset by an increase
in operating expenses.  Hold was estimated to have an unfavorable
effect on operating income in the quarter relative to expected hold
and an unfavorable effect of between zero and $5 million when
compared with the prior year period.

CGP

CGP owns six casinos in the United States, primarily in Las Vegas,
as well as CIE.  CIE owns and operates regulated online real money
gaming and the WSOP tournaments and brand.

Net revenues for the second quarter of 2017 was $435 million,
relatively unchanged year-over-year.  CGP gross gaming revenues
decreased primarily due to weaker gaming volumes in Baltimore,
despite favorable hold in New Orleans.  Rooms revenues declined
1.1% as a result of the impact of rooms off the market. Planet
Hollywood was impacted by 25,000 room nights off the market during
the quarter related to renovations versus none in the year ago
quarter.  Food and beverage revenues was $64 million, down 4.5%
versus the second quarter of 2016.

Income from operations increased $27 million to $63 million mainly
due to a 6.8% reduction in operating expenses.  Net income
increased from $16 million to $21 million primarily attributable to
higher interest income on CIE restricted cash and lower interest
expense supported by our debt repricing actions.  Adjusted EBITDA
increased 3.4% to $120 million due to favorable year-over-year
hold, which was partially offset by weakness in Baltimore. Hold was
estimated to have a favorable effect on operating income relative
to expected hold and a favorable effect of between zero and $5
million when compared with the prior year period.

CES

Caesars Enterprise Services ("CES") is a joint venture among CERP,
CEOC, and a subsidiary of CGP.  CES provides certain corporate and
administrative services to their casino properties.  In addition,
effective October 2014, most of the properties owned by CERP and
CGP are managed by CES.

Cash and Available Revolver Capacity

CEC is primarily a holding company with no independent operations,
employees, or material debt issuances of its own.  CEC's primary
assets as of June 30, 2017, consist of $125 million in cash and
cash equivalents and its ownership interests in CEOC, CERP and CGP.
CEC's cash includes $93 million held by insurance captives. Each
of the subsidiary entities comprising Caesars Entertainment's
consolidated financial statements have separate debt agreements
with restrictions on usage of the respective entity's capital
resources.  CGP is a variable interest entity that is consolidated
by Caesars Entertainment, but is controlled by its sole voting
member, CAC.  CAC is a managing member of CGP and therefore
controls all decisions regarding liquidity and capital resources of
CGP.

CEC has limited unrestricted cash available to meet its financial
commitments, primarily resulting from significant expenditures made
to defend against litigation related to the CEOC restructuring and
to support a plan of reorganization for CEOC.  The completion of
the merger with CAC is expected to allow CEC to fulfill its
financial commitments in support of the restructuring, both under
the terms of the restructuring and commitments entered into prior
thereto.  CEC is permitted to use a portion of the proceeds from
the sale of CIE's SMG Business to fund certain expenses incurred
related to the restructuring.  If CEC is unable to obtain
additional sources of cash when needed, in the event of a material
adverse ruling on one or all of our ongoing litigation matters, or
if CEOC does not emerge from bankruptcy on a timely basis on terms
and under circumstances satisfactory to CEC, it is likely that CEC
would seek reorganization under Chapter 11 of the Bankruptcy Code.

                   About Caesars Entertainment

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

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

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

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

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

Judge Benjamin Goldgar presides over the cases.

Kirkland & Ellis serves as the Debtors' counsel.  AlixPartners is
the Debtors' restructuring advisors.  Prime Clerk LLC acts as the
Debtors' notice and claims agent.  

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

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

                          *     *     *

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


CALIFORNIA RESOURCES: OOGC Exec Powers Added to Board
-----------------------------------------------------
California Resources Corporation's Board voted to increase the size
of the Board to 10 members and elected Ms. Anita M. Powers to fill
the resulting vacancy.  

Prior to her appointment, Ms. Powers most recently served as
executive vice president of Worldwide Exploration for Occidental
Oil and Gas Corporation and as vice president of parent Occidental
Petroleum Corporation.  Ms. Powers brings over 36 years of
experience in the oil and gas industry to CRC's Board.  Her
expertise as a senior geoscientist working in hydrocarbon provinces
around the world and, in particular, her knowledge of California's
geology will greatly benefit CRC's Board.  Ms. Powers is expected
to serve on CRC's Health, Safety and Environmental Committee of the
Board.  Ms. Powers holds a Bachelor of Science degree in Geology
with high honors from Texas A&M University.
There are no arrangements or understandings between Ms. Powers and
any other persons under which she was selected as a director.  Ms.
Powers will receive the same director compensation as is paid to
the other non-employee directors under CRC's compensation program
for non-employee directors.

                  About California Resources

California Resources Corporation is an independent oil and natural
gas exploration and production company operating properties
exclusively within the State of California.  The Company was
incorporated in Delaware as a wholly-owned subsidiary of Occidental
on April 23, 2014, and remained a wholly-owned subsidiary of
Occidental until if was spun off.  On Nov. 30, 2014, Occidental
distributed shares of the Company's common stock on a pro rata
basis to Occidental stockholders and the Company became an
independent, publicly traded company, referred to in the annual
report as the Spin-off.  Occidental retained approximately 18.5% of
the Company's outstanding shares of common stock which it has
stated it intends to divest on March 24, 2016.

California Resources reported net income of $279 million on $1.54
billion of total revenues for the year ended Dec. 31, 2016,
compared to a net loss of $3.55 billion on $2.40 billion of total
revenue for the year ended Dec. 31, 2015.  

As of June 30, 2017, California Resources had $6.15 billion in
total assets, $6.64 billion in total liabilities and $491 million
total deficit.

                           *    *    *

In September 2016, S&P Global Ratings raised its corporate credit
rating on California Resources to 'CCC+' from 'SD'.  "We raised
the corporate credit rating on CRC to reflect our reassessment of
its credit profile following the tender for its senior unsecured
notes," said S&P Global Ratings credit analyst Paul Harvey.  "The
rating reflects our expectation that debt leverage will remain at
what we consider unsustainable levels over the next 24 months
despite the net-debt reduction of about $625 million from the
tender," he added.

In August 2016, Moody's Investors Service downgraded California
Resources' Corporate Family Rating to 'Caa2' from 'Caa1' and
Probability of Default Rating to 'Caa2-PD' from 'Caa1-PD'.


CLUBCORP CLUB: S&P Lowers CCR to 'B' on Leveraged Buyout
--------------------------------------------------------
S&P Global Ratings lowered its corporate credit rating on
Dallas-based ClubCorp Club Operations Inc. to 'B' from 'B+'. The
rating outlook is stable. S&P said, "We also assigned our 'B'
corporate credit rating to ClubCorp Holdings Inc., which will be
the surviving borrower following the merger."

S&P said, "We removed all ratings from CreditWatch, where we had
placed them with negative implications on July 11, 2017. The
CreditWatch placement followed ClubCorp's announcement it had
entered into an agreement with Apollo to be acquired for $2.2
billion including debt. We expect ClubCorp to repay its existing
senior secured credit facility and senior unsecured notes upon the
close of the transaction.

"We assigned our 'B+' issue-level rating and '2' recovery rating to
the proposed senior secured credit facility, which consists of a
$1.125 billion term loan B due 2024 and a $175 million revolving
credit facility due 2022. The '2' recovery rating reflects our
expectation for substantial recovery (70% to 90%; rounded estimate:
70%) for lenders in the event of payment default. We also assigned
our 'CCC+' issue-level rating and '6' recovery rating to the
proposed $475 million senior unsecured notes due 2025. The '6'
recovery rating reflects our expectation for negligible recovery
(0% to 10%; rounded estimate: 0%) for lenders in the event of
payment default.

"The downgrade reflects substantially higher leverage due to the
acquisition by Apollo, which will result in additional debt in the
capital structure and lease-adjusted debt to EBITDA in the high-7x
area in 2017. While we expect the company to use free cash flow to
reduce debt over the next few years, the downgrade also reflects
the risk that over time financial sponsor Apollo could use any
future leverage capacity to fund distributions. Our base-case
forecast anticipates adjusted leverage to improve to the low-7x
area in 2018 and to the mid-6x area in 2019. We expect EBITDA
coverage of interest expense will be good in the mid-2x area
through 2018.

"The stable outlook reflects our expectation that despite a
significant spike in leverage following the transaction, the
company will use excess cash flow to pay down debt, resulting in
adjusted debt to EBITDA sustained below 7.75x.

"We could lower the rating if operating performance is materially
worse than our expectations. We could also lower the rating if the
company pursues a financial policy that increases lease-adjusted
debt to EBITDA above 7.75x or EBITDA coverage of interest expense
below 1.5x on a sustained basis, such as through leveraging
acquisitions or dividends to shareholders.

"We could consider higher ratings if we are confident ClubCorp can
sustain our measure of lease-adjusted debt to EBITDA under 6x on a
sustained basis, incorporating capital expenditures, potential
dividends to shareholders, and debt-financed acquisitions."


COMMUNITY HEALTH: S&P Lowers CCR to 'B-', Outlook Stable
--------------------------------------------------------
S&P Global Ratings lowered its corporate credit rating on Community
Health Services Inc. to 'B-' from 'B'. The outlook is stable.

S&P said, "At the same time, we lowered our issue-level rating on
senior secured debt to 'B+' from 'BB-'. The recovery rating on this
debt remains '1', indicating our expectations for very high
(90%-100%; rounded estimate: 90%) recovery in the event of payment
default.

"In addition, we lowered our issue-level rating on the company's
unsecured debt to 'CCC' from 'CCC+'. The recovery rating on this
debt remains '6', reflecting our expectation for minimal (0%-10%;
rounded estimate: 0%) recovery in the event of payment default.

"Our downgrade on Community Health follows another poor quarter of
operating results, highlighted by a 2.5% decline in same-facility
adjusted admissions and higher expenses for medical specialists,
resulting in further EBITDA margin deterioration from already weak
levels. Although the company continues to make progress in its
asset sale program, selling 20 hospitals (with 10 additional
property sales expected to close by the end of the third quarter)
and generating over $1 billion in proceeds to repay debt, the
company's core business remains challenged, even after excluding
facilities being held for sale. Consistent with many competitors,
Community has experienced weaker demand over the past several
quarters; however, the magnitude of the slowdown has been more
pronounced for Community, and the company has struggled to reduce
expenses in line with slowing demand.

"Our stable rating outlook reflects our expectation that Community
will be able to generate at least slightly positive free cash flow
over the next two years, notwithstanding leverage that we expect to
remain above 6.5x.

"We could lower the rating if the company experiences further
margin declines, resulting in persistent cash flow deficits. In our
view, this could happen if the company experiences accelerating
demand erosion and an incremental 100 to 200 basis points of EBITDA
margin erosion from current levels. Under this scenario, we would
likely view the company's capital structure as unsustainable over
the long term, despite currently ample liquidity and the lack of
near-term debt maturities.

"We could raise the rating if we become more certain that Community
can generate about $100 million to $200 million in positive,
recurring discretionary free cash flow. In our view, this could
happen if the company is able to generate and sustain about 100 to
150 basis points of margin improvement, which we think will likely
require the company to make some progress in stabilizing margins at
hospitals that it intends to retain."


CURTIS C. MAGLEBY: C. Magleby Denied Payment of Admin. Claims
--------------------------------------------------------------
Judge Robert Kwan of the U.S. Bankruptcy Court for the Central
District of California issued an order denying the motion of
creditor Cindy S. Magleby mandating and directing payment of
administrative support claims.

Judge Kwan disagrees with movant that her claim is postpetition in
that she obtained an order post-petition from the family law court
that she has a right to payment from an asset, the bonus earned for
debtor's post-separation, prepetition services in 2015, making it a
prepetition asset, in which she apparently has a prepetition claim
awarded by the family law court, though it appears that it is in
the nature of support since it is intended to pay for attorneys'
fees incurred to obtain support, but the court need not determine
the specific character of the claim, except as to its prepetition
status. The claim would not be a post-petition administrative
expense claim under 11 U.S.C. 503(b) since there is no showing that
such claim is for post-petition expenses actually and necessarily
benefitting the estate.

As to movant's argument that the court has authority to make
distributions in a Chapter 11 case outside a plan pursuant to 11
U.S.C. 105(a), "[t]he general rule is that distribution on
pre-petition debt should not take place except pursuant to a
confirmed plan of reorganization, absent extraordinary
circumstances."

The bankruptcy case is In re: CURTIS C. MAGLEBY, Chapter 11,
Debtor, Case No. 2:16-bk-15322-RK (Bankr. C.D. Cal.).

A full-text copy of Judge Kwan's Order dated August 2, 2017, is
available at https://is.gd/GRHAMg from Leagle.com.

Curtis C. Magleby, Debtor, represented by Illyssa I. Fogel.

United States Trustee (LA), U.S. Trustee, represented by Kenneth G.
Lau -- kenneth.g.lau@usdoj.gov -- Office of the United States
Trustee.

Curtis C. Magleby filed for Chapter 11 bankruptcy protection
(Bankr. C.D. Cal. Case No. 16-15322) on April 24, 2016.


CYRUSONE INC: S&P Raises Corp Credit Rating to BB, Outlook Stable
-----------------------------------------------------------------
S&P Global Ratings said it raised its corporate credit rating on
Dallas, Texas-based CyrusOne Inc. to 'BB' from 'BB-'. The outlook
is stable.

S&P said, "At the same time, we raised our issue-level rating on
the company's senior unsecured credit facility and senior unsecured
notes to 'BB+' from 'BB'. The recovery rating remains '2',
indicating our expectation for substantial (70%-90%; rounded
estimate: 85%) recovery for lenders in the event of a payment
default.

"The upgrade reflects our view that the company will continue to
use a healthy amount of equity to fund expansion plans, such that
it will operate within its 4x-5x leverage target. If management
chooses to operate at the upper end of its 4x-5x leverage target,
S&P Global Ratings-adjusted leverage would likely be in the mid-5x
area. We believe the company could temporarily increase leverage
above this level to fund expansion depending on the timing and
amount of capital expenditures and size and purchase multiples of
potential acquisitions. However, we expect the company would bring
leverage back within the bounds of its leverage target within a
relatively short time frame through additional equity issuance and
EBITDA growth.

"The stable outlook reflects our expectation that the company will
have adequate liquidity to fund growth initiatives that yield
negative discretionary cash flow over the next few years, as it
continues to invest in additional data center capacity.

"While unlikely over the next 12 months, we could lower the rating
if operating performance weakens due to competitive pressures or
overexpansion of data center capacity, causing pricing pressure, a
decline in utilization, or elevated churn, which results in margin
compression and a sustained increase in adjusted net debt to EBITDA
above 5.5x.

"While unlikely over the next 12 months, we could raise the rating
if adjusted net debt to EBITDA improves below 4x on a sustained
basis. Alternatively, we could raise the rating over the longer
term if the company continues to successfully increase its scale
and further diversify its geographic and customer base while
managing churn and utilization near current levels."


DIGICERT INC: S&P Puts 'B-' Issue Rating on CreditWatch Positive
----------------------------------------------------------------
S&P Global Ratings placed its 'B-' rating on Lehi, Utah-based
DigiCert Inc., as well as the ratings on the company's first-lien
and second-lien debt, on CreditWatch with positive implications.

S&P said, "We also placed on CreditWatch with positive implications
our 'B' issue rating on DigiCert's $15 million revolving credit
facility and $220 million first-lien debt and our 'CCC+'
issue-level rating on DigiCert's $110 million second-lien debt. The
recovery rating on the revolving facility and first-lien debt is
unchanged at '2', indicating our expectation for high (70%-90%;
rounded estimate 70%) recovery in the event of a payment default.
The recovery rating on the second-lien debt is unchanged at '5',
indicating our expectation for negligible (10%-30%; rounded
estimate 10%) recovery in the event of a payment default."

"The CreditWatch placement follows the announcement that DigiCert
Inc. is under agreement to acquire Symantec's website security and
related PKI solutions, in line with DigiCert's core competency as a
provider of SSL encryption technologies," said S&P Global Ratings
credit analyst Minesh Shilotri.

Under the terms of the agreement, Symantec will receive
approximately $950 million in upfront cash proceeds and
approximately a 30% stake in the common stock equity of the
DigiCert business at the closing of the transaction. We expect
DigiCert to issue debt to fund the transaction, but the capital
structure for the pro forma company is currently unknown. As part
of this deal, all existing debt is expected to be refinanced.


DRAGON JADE: Centurion ZD CPA Ltd. Casts Going Concern Doubt
------------------------------------------------------------
Dragon Jade International Limited filed with the U.S. Securities
and Exchange Commission its annual report on Form 20-F, disclosing
a net loss of $1.98 million on $224,920 of revenue for the year
ended March 31, 2017, compared with net income of $292,647 on
$336,906 of revenue for the year ended March 31, 2016.

The Company's independent accountants Centurion ZD CPA Limited, in
Hong Kong, China, states that the Company has suffered losses from
operations and has a significant accumulated deficit.  In addition,
the Company comes to have insufficient cash flows from operations
and for development.  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 $12,526,391,
total liabilities of $382,798, all current, non-controlling
interest of $28,811, and $12,172,404 in total stockholders'
equity.

A full-text copy of the Form 20-F is available for free at:

                     http://bit.ly/2vIuj6N

                 About Dragon Jade International

Dragon Jade International Limited through its subsidiaries, Alpha
Ultimate Ltd. ("AUL") and United Asia Medical Network Company
Limited ("UAM"), sells health supplement products.  UAM is a
company incorporated in Hong Kong with a business network across
Asia, including Hong Kong, mainland China, Taiwan, Japan, Korea,
Singapore, Malaysia, and Thailand.  UAM operations include the
unique combined use of traditional Chinese medicine and modern
western medicine in treatment.


EARTH PRIDE: Aug. 14 Meeting Set to Form Creditors' Panel
---------------------------------------------------------
Andy Vara, Acting United States Trustee for Region 3, will hold an
organizational meeting on Aug. 14, 2017, at 1:00 p.m. in the
bankruptcy cases of Earth Pride Organics, LLC., and Lancaster Fine
Foods, Inc.

The meeting will be held at:

               Office of the U.S. Trustee
               833 Chestnut Street, Suite 501
               Philadelphia, PA 19107

The sole purpose of the meeting will be to form a committee or
committees of unsecured creditors in the Debtors' case.

The organizational meeting is not the meeting of creditors pursuant
to Section 341 of the Bankruptcy Code.  A representative of the
Debtor, however, may attend the Organizational Meeting, and provide
background information regarding the bankruptcy cases.

To increase participation in the Chapter 11 proceeding, Section
1102 of the Bankruptcy Code requires that the United States Trustee
appoint a committee of unsecured creditors as soon as practicable.
The Committee ordinarily consists of the persons, willing to serve,
that hold the seven largest unsecured claims against the debtor of
the kinds represented on the committee.

Section 1103 of the Bankruptcy Code provides that the Committee may
consult with the debtor, investigate the debtor and its business
operations and participate in the formulation of a plan of
reorganization.  The Committee may also perform other services as
are in the interests of the unsecured creditors whom it
represents.

                   About Earth Pride Organics, LLC

Earth Pride Organics, LLC -- http://earthprideorganics.com/-- is a
family owned holding company that includes American Specialty
Foods, Lancaster Fine Foods, EPX Trucking and C.O. Nolt's Bakery
Supply. Headquartered in Lancaster, Pennsylvania, each EPO
subsidiary shares the commonality of specialty food and creates a
vertically integrated organization. Lancaster Fine Foods, Inc.
--http://www.lancasterfinefoods.com-- manufactures and sells food,
offering barbecue sauces, mustards, salsas, marinades, hot sauces,
chutneys, cheese spreads, and other common condiments.

Earth Pride and Lancaster Fine Foods sought Chapter 11 bankruptcy
protection (Bankr. E.D. Pa. Case Nos. 17-13816 and 17-13819) on May
31, 2017, each estimating assets and liabilities between $1 million
and $10 million. The petitions were signed by Michael S. Thompson,
managing member.

Judge Eric L. Frank presides over the bankruptcy cases.

Paul Brinton Mashchmeyer, Esq., at Maschmeyer Karalis P.C., serves
as the Debtors' bankruptcy counsel.


EDKEY INC: S&P Affirms 'BB' Ratings on 3 Bond Tranches
------------------------------------------------------
S&P Global Ratings revised its outlook to stable from negative and
affirmed its 'BB' long-term rating on the Pima County Industrial
Development Authority, Ariz.'s series 2013, series 2014A, and
series 2016 education facility revenue and refunding bonds issued
on behalf of multiple separate limited liability companies (LLCs),
of which the sole member of each is Edkey Inc. (Charter School
Operator) (Edkey).

"The outlook revision to stable reflects our expectation of an
improvement in Edkey's operating performance in fiscal 2017 from
recent year results per information provided by management," said
S&P Global Ratings credit analyst Ying Huang. In addition,
managements expects the operations in fiscal 2018 to be close to
breakeven on a full-accrual basis based on year-to-date fall 2017
enrollment statistics that are projected to exceed the budgeted
number. We understand that management has worked on reorganization
and various cost-containment initiatives, which is expected to
contribute to the improved operations, and there is limited
financing or capital plans in the next two years according to
management. However, given Edkey's historical operating deficits
and weak liquidity for the rating category, we will closely monitor
its operating performance and liquidity position during the outlook
period.

S&P said, "The stable outlook reflects our expectation for improved
full-accrual financial operations in fiscal 2017 and 2018 that are
expected to be better than the results of the past three years. We
also expect incremental growth in Edkey's liquidity position as its
operations improve. However, given Edkey's historical operating
deficits and weak liquidity for the rating category, we will
closely monitor its operating performance and liquidity position
during the outlook period.

"We could lower the rating in the outlook period if demand weakens
and pressures the operating performance, or operating performance
and liquidity fail to improve to meet or exceed management
projections.

"Given the weak liquidity level and negative operating performance,
a positive rating change in the one-year outlook period is
unlikely. However, beyond the outlook period, we would view it
favorably if the school sustains its enrollment growth, the expense
saving translates into positive operating results, and days' cash
on hand improves to be commensurate with the median of a higher
rating level."


ELECTRONIC SERVICE: Wants to Use Cash Collateral Until Sept. 20
---------------------------------------------------------------
The Hon. Ann M. Nevins of the U.S. Bankruptcy Court for the
District of Connecticut authorized Electronic Service Products
Corporation to continue using  until Sept. 20, 2017, cash
collateral in which PNL Asset Management LP and CTCIC may assert or
have lien.

As reported by the Troubled Company Reporter on July 3, 2017, the
Court previously authorized the Debtor to use up to $33,977 of cash
collateral in accordance with a monthly operating budget until July
12, 2017.

The Court will schedule a hearing prior to the expiration of this
court order to allow the Debtor to petition the Court for a
permanent or additional interim Order for the ongoing use of cash
collateral.

The Court allows the Debtor to use cash and other rental proceeds
which constitute cash collateral of the Secured Creditor on a
revolving basis and to provide the Secured Creditor with a lien
upon the prepetition and postpetition assets so that its interests
therein will not be diminished during the pendency of these Chapter
11 proceedings.

In addition, any priority to which the Secured Creditor may be
entitled or become entitled under Section 507(b) of the U.S.
Bankruptcy Code will be subject and subordinate to a carve-out of
the liens for amounts payable by the Debtor under Section
1930(a)(6) of Title 28 of the Code, for the Debtor's post-petition
wages and employment taxes, and approved fees and expenses of the
Debtor's and any appointed Official Committee of Unsecured
Creditors' professionals.

As adequate protection to Secured Creditor for the Debtor's use of
cash collateral and for any diminution in the collateral, the
Secured Creditor is granted, nunc pro tunc to the Petition Date:

     a. a continuing post-petition lien and security interest in
        all pre-petition property of the Debtor as it existed on
        the Petition Date, of the same type against which Secured
        Creditor held validly protected liens and security
        interests as of the Petition Date; and

     b. a continuing post-petition lien in all property acquired
        by the Debtor after the Petition Date.  The replacement
        liens will maintain the same priority, validity and
        enforceability as Secured Creditor's liens on the initial
        collateral and will be recognized only to the extent of
        any diminution in the value of the collateral resulting
        from the use of cash collateral pursuant to the court
        order.  The validity, enforceability, perfection and
        priority of the replacement liens will not be subject to
        the equities of the case exception to Section 552(b) of
        the Code and will not depend upon filing, recordation, or
        any other act required under applicable state or federal
        law, rule or regulation.

To the extent the Replacement Liens granted to the Secured Creditor
are insufficient to compensate the Secured Creditor for any
diminution in value of the collateral, the Secured Creditor will be
entitled to a super-priority administrative claim pursuant to 11
U.S.C. Section 503(b) of the Code, and Secured Creditor will be
entitled to the protections of and the priority set forth in 11
U.S.C. Section 507(b).

A copy of the Order is available at:

          http://bankrupt.com/misc/ctb17-30704-53.pdf

               About Electronic Service Products

Founded in 1992, Electronic Service Products Corporation is engaged
in the wholesale distribution of electronic parts and electronic
communications equipment.

Electronic Service Products filed a Chapter 11 petition (Bankr. D.
Conn. Case No. 17-30704) on May 12, 2017.  William Hrubiec, its
president, signed the petition.  The Debtor estimated $100,000 to
$500,000 in assets and $1 million to $10 million in liabilities.

The case is assigned to Judge Ann M. Nevins.

The Debtor is represented by William E. Carter, Esq., at the Law
Office of William E. Carter, LLC.


ENGINEERED WELL SERVICE: Court Dismisses Appeal as Moot
-------------------------------------------------------
Judge Royce C. Lamberth of the U.S. District Court for the Western
District of Texas issued an order dismissing Debtor and appellant
Engineered Well Service International, LLC's appeal.

The Debtor filed for Chapter 11 bankruptcy on June 23, 2016. The
case was before Bankruptcy Judge Craig A. Gargotta. During the
proceedings at bankruptcy, Judge Gargotta issued an order granting
creditors' motion for relief from an automatic stay. On Oct. 4,
2016, the debtor filed a notice of appeal, which was initially
assigned to Chief Judge Orlando Garcia.

On Jan. 9, 2017, Judge Garcia ordered the case reassigned to Judge
Lamberth. Based on the representations of appellant's attorney, the
underlying bankruptcy case was previously dismissed on Nov. 17,
2016. It, therefore, appears that the appeal is moot.

The appeals case is Engineered Well Service International, LLC.,
Debtor-Appellant, v. Sturgeon Services International, Inc., et al.,
Appellees, Civil Case No. 16-cv-1072-RCL (W.D. Tex.).

A copy of Judge Lamberth's Order dated August 1, 2017, is available
at https://is.gd/9nJOOp from  Leagle.com.

Engineered Well Service International, LLC, Appellant, represented
by James Samuel Wilkins, Willis & Wilkins, LLP.

Sturgeon Services International, Inc., Appellee, represented by
David S. Gragg -- dgragg@langleybanack.com -- Langley & Banack,
Inc..

Engineered Wells Service International, Inc., Appellee, represented
by David S. Gragg, Langley & Banack, Inc.

Engineered Well Service International, LLC filed a Chapter 11
petition (Bankr. W.D. Tex. Case No. 16-51402) on June 23, 2016.


ERATH IRON: Cash Motion Denied for Want of Prosecution
------------------------------------------------------
The Hon. Mark X. Mullin of the U.S. Bankruptcy Court for the
Northern District of Texas has entered an order denying Erath Iron
& Metal, Inc.'s cash collateral motion for want of prosecution.

On May 18, 2017, the Debtor filed a motion to use cash collateral.
The Court held a hearing on May 19, 2017, at which time counsel
announced that an order disposing of the motion would be
submitted.

The Court further finds that insufficient action has been taken to
obtain the relief sought.  The Court denies the motion without
prejudice to refiling.

A copy of the Order is available at:

          http://bankrupt.com/misc/txnb17-40693-279.pdf

                    About Erath Iron and Metal

Based in Stephenville, Texas, Erath Iron and Metal, Inc., buys and
sells metal recyclable material in Erath Bosque, Eastland, Johnson,
Stephens and Howard Counties, Texas.  

Erath Iron and Metal, Inc., and related entity Erath Iron and
Metal, RE LLC, sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. N.D. Tex. Lead Case No. 17-40693) on Feb. 22, 2017.
Nicolle Boyd, president, signed the petitions.  At the time of the
filing, the Debtor disclosed $21.87 million in assets and $4.73
million in liabilities.  

Judge Mark X. Mullin is the case judge.  

The Debtor is represented by Russell W. King, Esq., and Tracy L.
King, Esq., at King Law Offices, P.C.

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


FACTORY SALES: Hires Stone Pigman as Counsel
--------------------------------------------
Factory Sales and Engineering, Inc. seeks authorization from the
U.S. Bankruptcy Court for the Eastern District of Louisiana to
employ Stone Pigman Walther Wittman LLC as counsel.

The Debtor requires Stone Pigman to:

   (a) advise the Debtor with respect to its rights, powers and
       duties as a debtor and debtor-in-possession in the
       continued operation and management of its business and
       property;

   (b) prepare and pursue confirmation of a liquidating plan;

   (c) prepare on behalf of the Debtor all necessary applications,

       motions, answers, proposed orders, other pleadings,
       notices, schedules and other documents, and reviewing all
       financial and other reports to be filed;

   (d) advise the Debtor concerning and preparing responses to
       applications, motions, pleadings, notices and other
       documents which may be filed by other parties herein;

   (e) appear in Court to protect the Debtor's interests before
       this Court;

   (f) represent the Debtor in connection with use of cash
       collateral and/or obtaining post-petition financing;

   (g) advise the Debtor concerning and assisting in the
       negotiation and documentation of financing agreements, cash

       collateral orders and related transactions;

   (h) investigate the nature and validity of liens asserted
       against the Debtor's property, and advise the Debtor
       concerning the enforceability of said liens;

   (i) investigate and advise the Debtor concerning, and take
       action as may be necessary to collect, income and assets in

       accordance with applicable law, and the recovery of
       property for the benefit of Debtor's estate;

   (j) advise and assist the Debtor in connection with any
       potential property dispositions;

   (k) advise the Debtor concerning executory contract and
       unexpired lease assumptions, assignments and rejections and
       lease restructuring, and re-characterizations;

   (l) assist the Debtor in reviewing, estimating and resolving
       claims asserted against its estate;

   (m) commence and conduct litigation necessary and appropriate
       to assert the Debtor's rights, protect estate assets or
       otherwise further Debtor's interests; and

   (n) perform all other legal services for the Debtor which may
       be necessary and proper in this case.

Stone Pigman will be paid at these hourly rates:
    
       John M. Landis                  $425
       Andrew D. Mendez                $350
       Associates                      $230-$270
       Paralegals                      $100

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

Stone Pigman has $12,281.02 remaining in its trust account from the
$25,000 retainer provided to the firm on July 10, 2017 in
connection with the bankruptcy case.

John M. Landis, member of Stone Pigman, 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.

Stone Pigman can be reached at:

       John M. Landis
       STONE PIGMAN WALTHER WITTMANN LLC
       546 Carondelet Street
       New Orleans, LA 70130
       Tel: (504) 581-3200
       Fax: (504) 581-3361  
       E-mail: jlandis@stonepigman.com

             About Factory Sales and Engineering

An involuntary Chapter 7 petition was filed against Factory Sales
and Engineering, Inc. (Bankr. E.D. La. Case No. 17-11446) on June
6, 2017.  The involuntary petition was served on Debtor on Sunday,
June 18.  On July 10, the Debtor filed its ex parte motion to
convert to Chapter 11, in which it sought to exercise its right,
pursuant to Bankruptcy Code section 706(a), to convert this case to
a Chapter 11 reorganization.

On July 17, 2017, the Court entered an Order granting the Debtor's
Motion to Convert to Chapter 11.

Judge Jerry A Brown presides over the case.

The Petitioning Creditors are Iberdrola Energy Projects Canada
Corporation, represented by Richard A. Aguilar, Esq., at Mcglinchey
Stafford; Maxim Crane Works, L.P., represented by John T.
Andrishok, Esq., at Breazeale, Sachse & Wilson; and Precision
Bearing & Machine, Inc., represented by A. Todd Darwin, Esq.


FAMOUS KOKO: Names Joyce Lindauer as Counsel
--------------------------------------------
Famous Koko Inc. seeks authorization from the U.S. Bankruptcy Court
for the Northern District of Texas to employ Joyce W. Lindauer
Attorney PLLC as counsel.

The Debtor requires the law firm to effectuate a reorganization,
propose a Plan of Reorganization and effectively move forward in
its bankruptcy proceeding.

The firm will be paid at these hourly rates:
    
       Joyce W. Lindauer                   $395
       Sarah M. Cox, Associate             $225
       Jamie N. Kirk, Associate            $195
       Jeffery M. Veteto, Associate        $185
       Dian Gwinnup, Paralegal             $125

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

Lindauer PLLC received a retainer of $6,717 which included the
filing fee of $1,717 in connection with this proceeding, and which
was paid by Korea Texas Daily 3717.

Joyce W. Lindauer, owner of the law firm, assured the Court that
the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtor and its estate.

Lindauer PLLC can be reached at:

       Joyce W. Lindauer, Esq.
       JOYCE W. LINDAUER ATTORNEY PLLC
       12720 Hillcrest Road, Suite 625,
       Dallas, TX 75230,
       Tel: (972) 503-4033
       Fax: (972) 503-4034
    
                      About Famous Koko Inc.

Famous KoKo, Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Tex. Case No. 17-32473) on June 27,
2017, disclosing under $1 million in both assets and liabilities.
The Debtor is represented by Joyce W. Lindauer, Esq.


FINTON CONSTRUCTION: Unsecureds to Recoup 100% Over 72 Months
-------------------------------------------------------------
Finton Construction, Inc., filed with the U.S. Bankruptcy Court for
the Southern District of Florida a disclosure statement dated July
31, 2017, referring to the Debtor's plan of reorganization dated
July 31, 2017.

Class 3 General Unsecured Claims Including Settleed Claims are
impaired by the Plan.  On the Effective Date, holder of a Class 3
Claim will be paid 100% of their claim.  Class 3 Claims total
$3,414,539.82 (after the projected objections analysis and
results), which will be paid a total of $3,414,539.82 payable
$21,000 monthly beginning in month 1 through Month 72 of the Plan
except as provided for in two stipulated settlement agreements and
for which the approved stipulated settlement agreements will
control.  

The Debtor has resolved Claim 13-2 as to Michael Reeves in the
claimed amount of $5,177,094 for $2.4 million (payable in the
amount of $2 million if satisfied early by the terms of the
stipulated agreement).  The hearing to approve this resolution is
currently pending, but payments to this creditor are expected to be
$12,000 per month.  The second claim resolved by the Debtor is
Claim 12-1 as to Michel Harouche, which has reduced said claim from
$4.6 Million to $1 million as set forth in the court order granting
amended motion to approve settlement agreement providing a monthly
payment of $6,000.  The two claims as fully settled during the
pendency of this case, are deemed unimpaired and therefore not
entitled to vote to accept or reject the Plan due to the fact that
they are resolved on their face and current under the agreements at
this time with payments to be made in accordance with their terms.

The balance of claims is anticipated to be $500,000.  These claims
will receive a pro rata share of $2,000 monthly starting upon the
Effective date and payable on the first of each month thereafter
for 72 month with a balloon payment in month 61 of $270,539.82.

Funds to be used to make cash payments under the Plan shall derive
from income of the Debtor and the Debtor's President, John Finton.

A copy of the Disclosure Statement is available at:

          http://bankrupt.com/misc/flsb16-19221-227.pdf

                    About Finton Construction

Finton Construction, Inc., is a construction company, claiming to
build "finest homes" in the United States and overseas.  Primary
operations are on Star Island in Miami-Dade County, Florida.

Finton Construction sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Fla. Case No. 16-19221) on June 30,
2016.  The petition was signed by John Finton, president.  The case
is assigned to Judge Laurel M. Isicoff.  At the time of the filing,
the Debtor estimated its assets at $0 to $50,000 and debt at $1
million to $10 million.  

David L. Merrill, Esq., at Merrill PA, is serving as bankruptcy
counsel to the Debtor.  Andrew C. Callari, Esq., at Callari &
Summers, A Law Partnership, is serving as special counsel in
connection with its civil case.  Kenneth J. Mueller, CPA, Cr., FA,
has been tapped as accountant.

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


FIRST UNION BAPTIST: TD Stipulation Unenforceable Under NY Law
--------------------------------------------------------------
First Union Baptist Church of the Bronx filed a complaint against
TD Capital Group LLC and 2064 Grand Concourse LLC.

Judge Michael E. Wiles of the U.S. Bankruptcy Court for the
Southern District of New York ruled in favor of First Union with
regard to the claims that the provisions of the Stipulation that
authorized TD Capital to record the deed are unenforceable under
New York law, and that the recording of the deed was void and needs
to be undone. However, the Court finds in favor of TD Capital with
respect to the alternative motion under Rule 9006 seeking
additional time for the May payment to be made.

The complaint in the adversary proceeding sets forth four claims.
Count I contends that under New York law First Union retained a
right of redemption that could not be extinguished except through
the completion of a foreclosure sale, and that the provisions of
the Stipulation that permitted TD Capital to record the deed and to
transfer title to the Property without a foreclosure sale were void
and unenforceable as a matter of New York law. First Union,
therefore, seeks a declaratory judgment that the purported transfer
of the title to the Property is null and void and that the Property
still belongs to First Union.

Count II alleges that the provisions of the Stipulation that
granted the First Union the choice of either proceeding with a
foreclosure sale or recording the deed and taking ownership of the
Property operated as an impermissible penalty and are void and
unenforceable. It seeks a declaratory judgment that the purported
transfer of the deed is null and void and that the Property still
belongs to First Union.

Counts III and IV allege that the transfer of the deed gave rise to
a fraudulent transfer. Those claims were not pursued at trial and
are deemed to have been abandoned.

First Union also has made a motion in the underlying bankruptcy
case to have the recording of the deed set aside. It argues that
this Court should excuse the late delivery of the May payment on
grounds of "excusable neglect" pursuant to Rule 9006 of the Federal
Rules of Bankruptcy Procedure.

TD Capital does not contest the general principles of New York law,
and it does not argue that there was an outright conveyance of the
Property when the deed was delivered. TD Capital nevertheless has
disputed whether the ordinary New York rule should be applied in
the circumstances of this case.

TD Capital argues that a different rule should apply when an
agreement to place a deed in escrow has been incorporated into a
court-approved stipulation. However, no New York state court
decision has been cited for this proposition. In fact, New York
court decisions have repeatedly made clear a mortgagor's right of
redemption is not waivable even pursuant to in court stipulations
that purport to grant deeds in lieu of foreclosure, where the
delivery of the deed is intended to provide security and not to
constitute an outright conveyance.

TD Capital has argued that a different rule should be applied in
these cases because TD Capital already held a security interest in
the Property and did not need any additional security to be
granted. However, there is nothing in the New York case law that
says that the rules described above apply only when "new" or
"additional" security is being provided. If that were the case,
then under New York law it would be permissible to waive a right of
redemption whenever a mortgage is amended, so long as the amendment
does not provide any new or additional security. But at least two
of the decisions cited above have involved the delivery of deeds in
connection with amendments to existing mortgages, and the courts in
those cases held that the right of redemption could not be waived.

TD Capital has also implied that the Court approval of the
Stipulation should be treated as a prior determination by the Court
that the deed-recording provisions are valid and are in compliance
with New York law. But the only issue presented to the Court, when
the parties sought approval of the Stipulation, was whether First
Union could enter into it. The motion papers and the record of the
proceedings do not include any request for a ruling as to the
enforceability of any of the terms of the Stipulation. There was no
mention of the principles of New York law that are set forth above,
and certainly there was no request that the Court approves and
gives force to an arrangement that would be contrary to what New
York law otherwise would have provided. TD Capital did not seek a
ruling on the issue; instead, it took its chances as to whether the
terms were enforceable.

A full-text copy of Judge Wiles' Memorandum Opinion dated August 4,
20171, is available at:

     http://bankrupt.com/misc/nysb12-14099-119.pdf

Co-Counsel for First Union Baptist Church of the Bronx:

     David J. Abrams
     Andrew H. Elkin
     Isaac S. Sasson
     Emily L. Kuznick
     Andrew R. Kurland
     KASOWITZ BENSON TORRES LLP.
     New York, New York
     dabrams@kasowitz.com
     aelkin@kasowitz.com
     isasson@kasowitz.com
     ekuznick@kasowitz.com
     akurland@kasowitz.com

Co-Counsel for First Union Baptist Church of the Bronx:

    Seymour James
    Susan H. Chase
    THE LEGAL AID SOCIETY
    New York, New York

Co-Counsel for Defendants:

    Gary O. Ravert
    RAVERT PLLC
    New York, New York
    gravert@ravertpllc.com

Co-Counsel for Defendants:

    Laleh Hawa
    LAW OFFICES OF LALEH HAWA
    Great Neck, New York

First Union filed a Chapter 11 petition (Bankr. S.D.N.Y. Case No.
12-14099) on Oct. 1, 2012.  Vincent Cuocci, Esq., at Law Office of
Vincent Cuocci, P.C., in Sayville, New York.  The Debtor disclosed
$1,379,600 in assets and $1,245,920 in liabilities.


GAINESVILLE HOSPITAL: Aug. 21 Hearing in Bond Validation Action
---------------------------------------------------------------
Gainesville Hospital District d/b/a North Texas Medical Center,
will appear before the U.S. Bankruptcy Court in Plano, Texas, at
10:00 a.m. on August 21, 2017, for a hearing on its adversary
complaint.

Gainesville Hospital filed an Original Complaint/Petition for
Expedited Declaratory Judgment (Ex Parte Adversary No. 17-04072) on
July 28, 2017, pursuant to Chapter 1205 of the Texas Government
Code.  The case is an in rem and class action proceeding brought by
the Gainesville Hospital District in connection with the
restructuring and refunding of various expenses and liabilities and
anticipated expenses and liabilities to be incurred by the District
in an amount not to exceed $34,750,000.

Gainesville Hospital has notified all Interested Parties and the
Honorable Ken Paxton, in his official capacity as Attorney General
of the Slate of Texas, of their right to appear at the hearing.  At
the hearing, they may show cause why the Hospital District's
Original Petition should not be granted by the Court's signing of a
Declaratory Judgment ordering the public securities or the public
security authorizations be validated and confirmed.

The proceeding was instituted in the Bankruptcy Court for the
Eastern District of Texas, Sherman Division, which the District
concluded has jurisdiction and is a proper venue.

In the proceeding, the Hospital District seeks to obtain a
declaratory judgment to conclusively establish:

     (a) the District's authority to issue its limited tax
         general obligation refunding bonds (the "Bonds"), from
         time to time in one or more series as may be necessary,
         pursuant to Chapter 1207 of the Texas Government Code
         ("Chapter 1207") to restructure and refinance each of
         the District's general or special obligations
         established in the Original Petition without an election
         in connection with the issuance thereof;

     (b) the District's authority to levy ad valorem taxes in an
         amount not to exceed 75 cents on the $100 valuation of
         all taxable property within the physical boundaries of
         the District, in order to provide indigent medical care
         to residents within the District and to pay the Bonds
         (of which not more than 65 cents on the $100 valuation
         may be imposed to pay principal of and interest on the
         Bonds in any given year);

     (c) the District's authority to incur the Obligations in
         order to operate and maintain the North Texas Medical
         Center (the "Hospital") and provide indigent care poor
         to and during its bankruptcy proceeding;

     (d) the validity and legality of the District's liabilities
         for the payment of the Obligations, associated with the
         continued operation and maintenance of the Hospital and
         the provision of indigent care by the District:

     (e) the classification of each such liability arid each such
         related Obligation, in not-to-exceed amounts provided in
         the Original Petition, as "other general or special
         obligations" pursuant to Chapter 1207; and

     (f) the validity and legality of the proposed orders,
         elections, judgments, agreements, certificates and
         contracts described in the Original Petition, including
         the statutory authority of the District to adopt,
         execute or enter into such orders, elections, judgments,
         agreements, certificates and contracts, all of which
         relate to the issuance of the Bonds and the expenditure
         of Bond proceeds for the payment in full of the
         Obligations, for the continued operation and maintenance
         of the Hospital and the provision of indigent care by
         the District.

The Original Petition, which more fully describes the Obligations
the Bonds, and the related agreements, is on file with the court
and is available (or review" by an persons, including those who:

     (1) reside in the territory of the District;

     (2) own property located within the boundaries of the
         District;

     (3) are taxpayers of the District;

     (4) have or claim a right, title, or interest in any
         property or money to be affected by a public security
         authorization or the issuance of the public securities
         by the District, including those who are creditors in
         the captioned bankruptcy proceeding (such persons
         constitute "Interested Parties")

Interested Parties may become a named party to the bond validation
action by filing an answer with the Court at or before the time set
for trial, or by intervening, but only with leave of court, after
the trial date. The Court has ordered this deadline notwithstanding
other deadlines under the Federal Rules of Civil Procedure or The
Federal Rule of Bankruptcy Procedure.

Additional information is available at http://www.ntmconline.net/

The case is before the Hon. Bankruptcy Judge Brenda T. Rhoades.

              About Gainesville Hospital District

Gainesville Hospital District filed a Chapter 9 petition (Bankr. E.
D. Tex. Case No. 17-40101) on January 17, 2017.  The petition was
signed by Ramin Roufeh, chief executive officer.  At the time of
the filing, the Debtor estimated its assets and liabilities at $10
million to $50 million.

The Debtor is represented by:

     William R. Greendyke, Esq.
     Julie Goodrich Harrison, Esq.
     NORTON ROSE FULBRIGHT US LLP
     1301 McKinney Street, Suite 5100
     Houston, Texas 77010-3095
     Tel: 713-651-5151
     Fax: 713-651-5246

          - and -

     Ryan E. Manns, Esq.
     NORTON ROSE FULBRIGHT US LLP
     2200 Ross Avenue, Suite 3600
     Dallas, TX 75201-7932
     Tel: 214-855-8000
     Fax: 214-855-8200

The U.S. trustee for Region 6 on Feb. 1 appointed five creditors of
Gainesville Hospital District to serve on the official committee of
unsecured creditors.  The Committee consists of creditors
AmerisourceBergen Drug Corp.; Medtronic; Morrison Management
Specialists, Inc.; NorthStar Anesthesia, P.A.; and Voice Products
Service, LLC.   At a meeting held February 7, 2017, the Committee
selected as its counsel:

     Andrew H. Sherman, Esq.
     Boris I. Mankovetskiy, Esq.
     Lucas F. Hammonds, Esq.
     Sills Cummis & Gross P.C.
     The Legal Center
     One Riverfront Plaza
     Newark, NJ 07102
     E-mail: asherman@sillscummis.com
             bmankovetskiy@sillscummis.com
             lhammonds@sillscummis.com

          - and -

     Joseph J. Wielebinski, Esq.
     Kevin M. Lippman, Esq.
     Thomas Berghman, Esq.
     Munsch Hardt Kopf & Harr, P.C.
     500 North Akard Street, Suite 3800
     Dallas, TX 75201-6659
     Telephone (214) 855-7500
     Facsimile (214) 978-4375
     E-mail: JWielebinski@munsch.com
             KLippman@munsch.com
             TBerghman@munsch.com

The Debtor's DIP Lender is Universal Health Services, Inc.

Susan Goodman has been appointed Patient Care Ombudsman.  She may
be reached at:

     Susan Goodman
     MESCH CLARK ROTHSCHILD
     259 N. Meyer Avenue
     Tucson, AZ 85701-1090
     Tel: 520-624-8886
     Fax: 520-798-1037


GARRETSON TILE: Hires Lawrence Frank as Receivables Counsel
-----------------------------------------------------------
Garretson Tile Company Inc. seeks authorization from the U.S.
Bankruptcy Court for the Middle District of Pennsylvania to employ
Lawrence G. Frank as attorney to pursue collection of accounts
receivable for Adams County National Bank and the bankruptcy estate
on a contingency basis.

The proposed arrangement for compensation, subject to Court
approval, will be 25% of the gross amount of each collected
receivable plus reimbursement of out of the pocket expenses. In the
event that the out of pocket expense will exceed $250 per account,
prior approval of Adams County National Bank will be required.

For the accounts in which up to $250 of expenses have been advanced
by Mr. Frank, or more than $250 with prior approval of Adams County
National Bank, and no money is collected, then Adams County
National Bank agrees to reimburse Mr. Frank for costs advanced in
those matters.

Mr. Frank 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.

Mr. Frank can be reached at:

       Lawrence G. Frank, Esq.
       LAW OFFICE OF LAWRENCE G. FRANK
       100 Aspen Drive
       Dillsburg, PA 17019
       Tel: (717) 234-7455
       Fax: (717) 432-9065
       Email: lawrencegfrank@gmail.com
    
                     About Garretson Tile Company

Gettysburg, Pennsylvania-based Garretson Tile Company, Inc. sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. M.D. Pa.
Case No. 17-01051) on March 19, 2017.  The petition was signed by
Gregory A. King, president.  The case is assigned to Judge Robert
N. Opel II.

At the time of the filing, the Debtor disclosed $1.65 million in
assets and $2.26 million in liabilities.


GFI CONSULTANTS: Chapter 15 Case Summary
----------------------------------------
Chapter 15 Debtor: GFI Consultants Limited
                   c/o Sequor Law, P.A.
                   1001 Brickell Bay Drive
                   9th Floor
                   Miami, FL 33131

Type of Business: GFI Consultants was formed on 2010 by Junie
                  Conrad Omari Bowers ("Bowers") and Andrew
                  Nathaniel Skeene ("Skeene") as an investment
                  scheme involving the sale of teak plantation
                  plots in Belem, a city in northern Brazil.  GFI
                  Consultants was just one of several Ponzi scheme

                  vehicles set up by Bowers and Skeene to defraud
                  investors around the world.  Currently, the
                  Serious Fraud Office, a specialist prosecuting
                  authority tackling complex fraud in the UK, is
                  investigating the Debtor, Bowers, Skeene and
                  related entities for fraud and other financial
                  crimes.

Foreign
Proceeding
in which
Appointment
of Foreign
Representative
Occurred:              High Court of Justice
                       Birmingham Chancery Div.,
                       Insolvency No. 6647 of 2013
                       United Kingdom

Chapter 15 Case No.: 17-20003

Chapter 15 Petition Date: August 7, 2017

Court: United States Bankruptcy Court
       Southern District of Florida (Miami)

Judge: Hon. Jay A. Cristol

Foreign Representative: Stephen Richard Penn
                        Judicial Administrator
                        1st Floor, Block A
                        Loversall Court
                        Clayfields, Tickhill Road
                        Doncaster, DN4 8QG
                        England

Foreign
Representative's
Counsel:                Gregory S Grossman, Esq.  
                        SEQUOR LAW, P.A.
                        1001 Brickell Bay Drive
                        9th Floor
                        Miami, FL 33131
                        Tel: (305) 372-8282
                        E-mail: ggrossman@sequorlaw.com

Estimated Assets: Not Indicated

Estimated Debts: Not Indicated

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

          http://bankrupt.com/misc/flsb17-20003.pdf


GFI CONSULTANTS: Liquidator Seeks U.S. Recognition of UK Case
-------------------------------------------------------------
The liquidator appointed in the United Kingdom for GFI Consultants
Limited, an entity accused of running a Ponzi scheme, has filed a
Chapter 15 petition in Miami, Florida, in the United States, to
seek recognition of the company's liquidation proceedings in the
United Kingdom.

Stephen Richard Penn, the duly appointed judicial administrator of
GFI Consultants Limited, has filed in U.S. Bankruptcy Court a
verified petition for an order granting recognition of the Debtor's
court-approved liquidation pending before the High Court of
Justice, Chancery Division, Birmingham District Registry (the "UK
Court") as Insolvency No. 6647 of 2013.

GFI Consultants was formed on 2010 by Junie Conrad Omari Bowers
("Bowers") and Andrew Nathaniel Skeene ("Skeene") as an investment
scheme involving the sale of teak plantation plots in Belem, a city
in northern Brazil.  GFI Consultants was just one of several Ponzi
scheme vehicles set up by Bowers and Skeene to defraud investors
around the world.  Currently, the Serious Fraud Office, a
specialist prosecuting authority tackling complex fraud in the UK,
is investigating the Debtor, Bowers, Skeene and related entities
for fraud and other financial crimes.  Bowers and Skeene operated
Ponzi schemes throughout the world and targeted predominantly UK
pension holders and investors.

Bowers and Skeene filed for bankruptcy proceedings in England on
July 29, 2014. In their bankruptcy cases, Bowers and Skeene
disclosed unsecured debts totaling GBP 5.2 million and GBP 3.3
million respectively.  However, they both disclose minor assets,
worth GBP 100,000 and GBP 30,000, respectively, with which to
satisfy their creditor claims. Further, they each listed monthly
incomes of GBP 10,000 per month prior to the deductions for monthly
expenses.  Consequently, Bowers and Skeene were discharged from
bankruptcy on January 4, 2016.

                    Investigations of Business

During his investigations of the business and affairs of GFI
Consultants, the Liquidator uncovered that the Debtor received at
least GBP 27.4million from investors.  Of those investment funds,
at least GBP 13.6 million was transferred to personal accounts of
Bowers and Skeene, including GBP 1.47 million sent to bank accounts
believed to be controlled by Bowers and Skeene in Dubai. Bowers and
Skeene also directed approximately GBP 9 million to other UK
companies referred to as "Escrow Agents" for the alleged purpose of
repaying investors of other fraudulent schemes.

The Liquidator's investigations have also unveiled other
transactions involving the Debtor or assets of the Debtor as well
as payments made to individuals or companies in the United States
involving assets of the Debtor.

A hearing on the petition is scheduled for Aug. 23, 2017, at 10:30
a.m. at C. Clyde Atkins U.S. Courthouse, 301 N Miami Ave Courtroom
7 (AJC), Miami, FL.

                   About GFI Consultants

GFI Consultants was formed on 2010 by Junie Conrad Omari Bowers and
Andrew Nathaniel Skeene as an investment scheme involving the sale
of teak plantation plots in Belem, a city in northern Brazil.  GFI
Consultants was just one of several Ponzi scheme vehicles set up by
Bowers and Skeene to defraud investors around the world.

On Dec. 12, 2013, a petition was filed in the High Court of
Justice, Chancery Division, Birmingham District Registry (the "UK
Court"), on behalf of GFI Consultants Limited, under Insolvency No.
6647 of 2013 (the "UK Proceeding"). On March 3, 2014, the UK Court
ordered the commencement of the bankruptcy proceeding of the
Debtor.  On March 13, 2014, Stephen Richard Penn was appointed as
liquidator of GFI Consultants.

Mr. Penn, as foreign representative, on Aug. 7, 2017, filed a
Chapter 15 petition for GFI Consultants (Bankr. S.D. Fla. Case No.
17-20003) to seek U.S. recognition of the UK proceedings.

The Hon. Jay A. Cristol is overseeing the Chapter 15 case.

Gregory S Grossman, Esq., Sequor Law, P.A., is U.S. counsel to the
foreign representative.


GLOBAL PAYMENTS: Active Network Deal No Impact on Moody's Ba2 CFR
-----------------------------------------------------------------
Moody's Investors Service says Global Payments Inc.'s proposed
acquisition of ACTIVE Network LLC's communities and sports
divisions from Vista Equity Partners for approximately $1.2 billion
is credit negative but Global Payments' Ba2 Corporate Family
Rating, the Ba2 rating for its senior secured credit facilities and
the SGL-1 Speculative Grade Liquidity rating are not affected. The
ratings have a stable outlook.


GOODMAN AND DOMINGUEZ: Panel Taps KapilaMukamal as Advisors
-----------------------------------------------------------
The Official Committee of Unsecured Creditors of Goodman and
Dominguez, Inc., dba Traffic and Traffic Shoes, Traffic, Inc.,
Traffic Las Plazas, Inc., and Traffic Plaza del Norte, Inc. seeks
authorization from the U.S. Bankruptcy Court for the Southern
District of Florida to retain KapilaMukamal as financial advisors
to the Committee, nunc pro tunc to July 14, 2017.

The Committee requires KapilaMukamal to:

   (a) review the financial and operational information furnished
       by the Debtors to the Committee;

   (b) assist the Committee in its evaluation of the Debtors'
       post-petition cash flow and/or other projections and
       budgets prepared by the Debtors or their financial advisor;


   (c) monitor the Debtors' activities regarding their financial
       condition and general business operations subsequent to the

       filing of the petitions under chapter 11;

   (d) assist the Committee in its review of monthly operating
       reports submitted by the Debtors or their financial
       advisor;

   (e) manage or assist with any investigation into the pre-
       petition acts, conduct, transfers of property, liabilities
       and financial condition of the Debtors, their management,
       affiliated entities or creditors, including the operation
       of the Debtors' businesses;

   (f) provide financial analyses related to the Debtors use of
       unencumbered cash, cash collateral and proposed DIP
       financing, if applicable, including advising the Committee
       concerning such matters;

   (g) analyze transactions with vendors, insiders, related and/or

       affiliated entities subsequent and prior to the date of the

       filing of the chapter 11 petitions;

   (h) assist the Committee or its counsel in any litigation
       proceedings against insiders, affiliated entities, and
       other potential adversaries;

   (i) assist the Committee in its review of the financial or
       operational aspects of any proposed sale of the Debtors'
       assets, evaluating any plan of reorganization/liquidation,
       or any other exit strategy proposed by the Debtors.  If
       applicable, assist the Committee in negotiating, evaluating

       and quantifying any competing offers;

   (j) attend meetings with representatives of the Committee and
       its counsel. Upon request, prepare presentations to the
       Committee that provide analyses of issues that may arise in

       these chapter 11 cases;

   (k) assist the Committee in executing its duties under section
       1103 of the Bankruptcy Code; and

   (l) perform any other services that may be necessary in our
       role as financial advisor to the Committee or that may be
       requested by Committee counsel or the Committee.

KapilaMukamal will be paid at these hourly rates:

       Soneet Kapila              $550
       Melissa Davis              $420
       Joseph Gillis              $370
       Kevin McCoy                $340
       Melanie Kring              $310

KapilaMukamal has agreed with the Committee that it will apply a
discount to any Court-approved fees so that KapilaMukamal will be
engaged based upon a fixed flat hourly rate of $305 per hour for
each staff person.

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

Soneet Kapila, a partner at KapilaMukamal, 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.

KapilaMukamal can be reached at:

       Soneet Kapila
       KAPILAMUKAMAL
       1000 South Federal Highway Suite 200,
       Fort Lauderdale, FL 33316
       Tel: (954) 761-1011
       E-mail: km@kapilamukamal.com
    
                    About Goodman and Dominguez

Goodwin and Dominguez, Inc. and its affiliated entities own and
operate a closely-held business in the retail shoe industry and
on-line sales via e-commerce at http://www.trafficshoe.com/  The
business, which started in Miami in 1989 with just one store,
strives to provide the hottest footwear to a fashion forward,
budget conscious consumer.

On Jan. 4, 2016, Goodwin and Dominguez and its affiliates
co-debtors Traffic, Inc., Traffic Las Plazas, Inc., and Traffic
Plaza Del Norte, Inc., filed voluntary petitions for relief under
chapter 11 of the Bankruptcy Code and those cases remain pending
and are jointly administered under Case No. 16-10056.

When they sought bankruptcy protection in 2016, the Debtors
operated 83 mall-based stores located in 9 states within the U.S.
and Puerto Rico and employed 608 employees.  Upon the effective
date of the reorganization plan confirmed December 2016, the
Debtors expected to continue operating 62 mall-based stores with
477 employees.

The Official Committee of Unsecured Creditors formed in the
original cases tapped Christopher A. Jarvinen and the Law Firm of
Berger Singerman LLP as counsel and KapilaMukamal as financial
advisor.

On June 9, 2017, Goodwin and Dominguez and its affiliated debtors
commenced new Chapter 11 cases (Bankr. S.D. Fla. Lead Case No.
17-17237).

Goodwin and Dominguez estimated $1 million to $10 million in assets
and liabilities.

The Hon. Robert A Mark is the case judge.

Meland Russin & Budwick, P.A., is serving as counsel to the
Debtors.  It also served as counsel to the Debtors in the original
cases.

Christopher A. Jarvinen, Esq. at Berger Singerman LLP serves as
counsel to the Debtors' Official Committee of Unsecured Creditors.


GREEN TERRACE: Hires Fowler White as Bankruptcy Counsel
-------------------------------------------------------
Green Terrace Condominium Association, Inc. seeks authorization
from the U.S. Bankruptcy Court for the Southern District of Florida
to employ Eric A. Rosen and the law firm of Fowler White Burnett,
PA as its bankruptcy counsel, nunc pro tunc to the July 21, 2017
petition date.

The Debtor requires Fowler White to:

   (a) provide advice to the Debtor with respect to its powers and

       duties as a debtor-in-possession and the continued
       management of its financial affairs;

   (b) advise the Debtor with respect to its responsibilities in
       complying with the U.S. Trustee's Operating Guidelines and
       Reporting Requirements and the rules of this Court;

   (c) prepare motions, pleadings, orders, applications, adversary

       proceedings and other legal documents as may be necessary
       in the administration of this case;

   (d) represent the Debtor in negotiation with creditors in the
       preparation and confirmation of a plan of reorganization;
       and

   (e) protect the interests of the Debtor in all matters
       reasonably pending before this Court.

Fowler White will be paid at these hourly rates:

        Eric A. Rosen                        $350
        Shareholders                         $300
        Associate Attorneys                  $200
        Paralegals and Legal Assistants      $100

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

The Debtor provided Fowler White with a $50,000 general retainer.

Eric A. Rosen, a shareholder of Fowler White, assured the Court 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.

Fowler White can be reached at:

       Eric A. Rosen, Esq.
       FOWLER WHITE BURNETT PA
       515 N. Flagler Drive, Suite 2100
       West Palm Beach, FL 33401
       Tel: (561) 802-9044
       Fax: (561) 802-9976
       Email: erosen@fowler-white.com
    
                  About Green Terrace Condominium

Green Terrace Condominium Association, Inc., based in West Palm
Beach, Fla., filed a Chapter 11 petition (Bankr. S.D. Fla. Case No.
17-19188) on July 21, 2017.  The Hon. Paul G. Hyman, Jr. presides
over the case. Eric A Rosen, Esq., at Fowler White Burnett, P.A.,
serves as bankruptcy counsel.

In its petition, the Debtor estimated $100,000 to $500,000 in
assets and $1 million to $10 million in liabilities.  The petition
was signed by Kolman Kenigsberg as receiver for the Debtor.

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


HARVEST CCP: Unsecureds to Recover 100% from Sale Proceeds
----------------------------------------------------------
Harvest CCP, LLC, filed with the U.S. Bankruptcy Court for the
Eastern District of Michigan a combined disclosure statement and
plan of liquidation dated July 31, 2017.

Class II General Unsecured Claims are impaired by the Plan.
Holders will be paid 100% of their claims from the proceeds of sale
of the Island Pt Rd.

Funds for payments under the Plan will be generated from sale of
assets.

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

          http://bankrupt.com/misc/mieb17-46596-55.pdf

                    About Harvest CCP, LLC

Harvest CCP, LLC, filed a Chapter 11 bankruptcy petition (Bankr.
E.D. Mich. Case No. 17-46596) on May 1, 2017.  Scott M.
Kwiatkowski, Esq., at Goldstein Bershad & Fried, PC, serves as the
Debtor's counsel.

The Debtor's assets and liabilities are both below $1 million.


HELICRAFT HOLDINGS: Gets Approval for Liquidating Plan
------------------------------------------------------
A U.S. bankruptcy judge confirmed the Chapter 11 plan of
liquidation proposed by Helicraft Holdings LLC.

Judge Benjamin Hursh of the U.S. Bankruptcy Court for the District
of Montana gave the thumbs-up to the plan after finding that it
satisfies the requirements for confirmation under the Bankruptcy
Code.  

The plan is also "sufficiently funded" to pay creditors, the
bankruptcy judge said in his order.

In the same filing, Judge Hursh also approved the disclosure
statement which explains the company's liquidating plan, saying it
provides "adequate information."

A copy of the court order is available without charge at
https://is.gd/WUXztj

                     About Helicraft Holdings

Helicraft Holdings, LLC, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Mont. Case No. 17-60120) on Feb. 28,
2017.  At the time of the filing, the Debtor estimated assets and
liabilities of less than $1 million.  

Harold V. Dye, Esq., at Dye & Moe, P.L.L.P., serves as the Debtor's
legal counsel.  The Debtor hired Paul Petit, Esq., as special
counsel.


HOWARD KERRY GARNER: Dist. Ct. Lacks Subject Matter Jurisdiction
----------------------------------------------------------------
Debtor Howard Kerry Garner appeals three separate orders of the
Bankruptcy Court regarding his bankruptcy case.  Garner appeals the
following Orders of the Bankruptcy Court: (1) Order denying
Debtor's Emergency Motion for Entry of an Order Authorizing Debtor
to Execute Addendum to Contribution Agreement; (2) Order denying
Debtor's Motion to Reconsider Order Denying Debtor's Emergency
Motion for Entry of an Order Authorizing Debtor to Execute Addendum
to Contribution Agreement; and (3) Order denying Debtor's Emergency
Motion for Entry of an Order Authorizing Correction Agreement.

Judge Royce C. Lamberth of the U.S. District Court for the Western
District of Texas dismissed the appeals. Because each motion is an
attempt to seek collateral review of the Bankruptcy Court's Remand
Order, the Court finds that it lacks subject matter jurisdiction
under 28 U.S.C. 1447(d). Consequently, the Court finds it is
unnecessary to address whether the Bankruptcy Court erred in
denying each of the orders on appeal.

The Debtor's Addendum Motion, Reconsideration Motion, and the
Correction Motion all seek to establish that debtor reserved his
interests in all causes of action in the Weeks Litigation, which
would effectively cure the Bankruptcy Court's lack of subject
matter jurisdiction. However, the Bankruptcy Court had already
remanded the Weeks Litigation to state court given that it lacked
subject matter jurisdiction over those proceedings pursuant to 28
U.S.C. section 1447(c). Therefore, if this Court were to reverse
the Bankruptcy Court's findings regarding any of the three orders
on appeal it would be directly challenging the Bankruptcy Court's
underlying rationale for the Remand Order.

Judge Lamberth finds that attacking the underlying rationale of the
Remand Order constitutes a creative attempt to by-pass the plain
meaning of section 1447(d). Because the orders on appeal are
effectively a collateral attack on the Remand Order, this Court
finds that it lacks subject matter jurisdiction over the issues on
appeal.

The appeals case is HOWARD KERRY GARNER, Appellant, v. MIKE WEEKS,
ET. AL., Appellee, Case No. 5:17-cv-00036 (RCL) (W.D. Tex.).

A full-text copy of Judge Lamberth's Memorandum Opinion dated
August 1, 2017, is available at https://is.gd/ROIcio from
Leagle.com.

Howard Kerry Garner, Appellant, represented by Craig M. Sico, Sico
Hoelscher Harris & Braugh LLP.

Howard Kerry Garner, Appellant, represented by Nathaniel Peter
Holzer -- pholzer@jhwclaw.com -- Jordan, Hyden, Womble, Culbreth &
Holzer, PC & Shelby A. Jordan -- sjordan@jhwclaw.com -- Jordan
Hyden Womble, Culberth & Holzer, P.C..

Mike Weeks, Appellee, represented by Natalie Friend Wilson --
nwilson@langleybanack.com -- Langley & Banack, Inc, R. Glen Ayers,
Jr. -- gayers@langleybanack.com -- Langley & Banack & Sylvia Ann
Cardona -- scardona@langleybanack.com -- Langley & Banack, Inc..

Linda Weeks, Appellee, represented by Natalie Friend Wilson,
Langley & Banack, Inc, R. Glen Ayers, Jr., Langley & Banack &
Sylvia Ann Cardona, Langley & Banack, Inc..

Weeks Environmental, LLC, Appellee, represented by Natalie Friend
Wilson, Langley & Banack, Inc, R. Glen Ayers, Jr., Langley & Banack
& Sylvia Ann Cardona, Langley & Banack, Inc.

Howard Kerry Garner filed for Chapter 11 bankruptcy protection
(Bankr. W.D. Tex.  Case No. 16-51707) on July 31, 2016, and is
represented by Nathaniel Peter Holzer of Jordan, Hyden, Womble,
Culbreth & Holzer, PC.


IHEARTCOMMUNICATIONS INC: Incurs $174M Net Loss in Second Quarter
-----------------------------------------------------------------
iHeartCommunications, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
attributable to the Company of $174.03 million on $1.59 billion of
revenue for the three months ended June 30, 2017, compared to a net
loss attributable to the Company of $278.90 million on $1.61
billion of revenue for the same period during the prior year.

For the six months ended June 30, 2017, the Company reported a net
loss attributable to the Company of $562.3 million on $2.91 billion
of revenue compared to a net loss attributable to the Company of
$367.4 million on $2.97 billion of revenue for the six months ended
June 30, 2016.

As of June 30, 2017, iHeartCommunications had $12.30 billion in
total assets, $23.74 billion in total liabilities and a total
stockholders' deficit of $11.44 million.

Cash used for investing activities of $81.3 million during the six
months ended June 30, 2017, reflected $136.6 million used for
capital expenditures, partially offset by net cash proceeds from
the sale of assets of $60.3 million, which included net cash
proceeds from the sale of the Company's outdoor Indianapolis market
of $43.1 million.  The Company spent $30.3 million for capital
expenditures in its iHM segment primarily related to IT
infrastructure, $41.0 million in its Americas outdoor segment
primarily related to the construction of new advertising
structures, such as digital displays, $57.7 million in our
International outdoor segment primarily related to street furniture
and transit advertising structures, $0.4 million in our Other
category and $7.2 million in Corporate primarily related to
equipment and software purchases.

Cash provided by investing activities of $436.9 million during the
six months ended June 30, 2016, reflected net cash proceeds from
the sale of nine non-strategic outdoor markets including Cleveland
and Columbus, Ohio, Des Moines, Iowa, Ft. Smith, Arkansas, Memphis,
Tennessee, Portland, Oregon, Reno, Nevada, Seattle, Washington and
Wichita, Kansas of $592.3 million in cash and certain advertising
assets in Florida.  Those sale proceeds were partially offset by
$123.7 million used for capital expenditures. We spent $23.1
million for capital expenditures in our iHM segment primarily
related to leasehold improvements and IT infrastructure, $28.7
million in the Company's Americas outdoor segment primarily related
to the construction of new advertising structures, such as digital
displays, $66.7 million in our International outdoor segment
primarily related to billboard and street furniture advertising
structures, $1.2 million in our Other category and $4.0 million in
Corporate primarily related to equipment and software purchases.

Cash used for financing activities of $55.6 million during the six
months ended June 30, 2017, primarily resulted from dividends paid
to non-controlling interests, which represents the portion of the
dividends paid by CCOH in February 2017 to parties other than our
subsidiaries that own CCOH stock, and a payment under our
receivables based credit facility.

Cash used for financing activities of $76.3 million during the six
months ended June 30, 2016, primarily resulted from dividends paid
to non-controlling interests, which represents the portion of the
dividends paid by CCOH in January 2016 and February 2016 to parties
other than the Company's subsidiaries that own CCOH common stock.

"We continue to build out our unique digital capabilities as a true
multi-platform, 21st-century media company fueled by our unique
data, with iHeartMedia's unparalleled U.S. reach and the extensive
global footprint of our Outdoor businesses," said Bob Pittman,
chairman and chief executive officer of iHeartMedia, Inc. "At our
iHeartMedia segment, for example, we are expanding our SmartAudio
suite of advertising products to create Smart A/V Audiences, which
combines data from both iHeartMedia and Fox Networks Group to
transform how our advertising partners reach their target
audiences.  And Americas outdoor and International outdoor are
maximizing the value of our expanding digital inventory with
innovative data analytics and automated ad-buying offerings."

Rich Bressler, president, chief operating officer and chief
financial officer said: "In the second quarter, our consolidated
revenues declined, while operating income increased.  However,
adjusting for the impact of certain businesses we sold in 2016 and
foreign exchange, consolidated revenues grew, with increases at our
iHeartMedia and International outdoor segments.  To date, the
iHeartMedia segment has delivered seventeen consecutive quarters of
year-over-year revenue growth.  We remain committed to balancing
financial discipline with investments to grow our businesses while
continuing to work on our capital structure."

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

                         goo.gl/NmBC8q

                     About iHeartCommunications

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

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

                           *    *    *

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

Also in March 2017, S&P Global Ratings lowered its corporate credit
rating on Texas-based media company iHeartMedia Inc. and its
subsidiary iHeartCommunications Inc. to 'CC' from 'CCC'.  The
rating outlook is negative.  The downgrade follows
iHeartCommunications' announcement that it has offered to exchange
five series of priority-guarantee notes, its senior notes due 2021,
and its term loan D and E for longer-dated debt; and, in certain
scenarios, stock and warrants, or contingent value rights.  "Under
all but one scenario, there would be a reduction in the principal
amount of debt outstanding and an extension of the debt maturity by
two years for exchanged debt," said S&P Global Ratings' credit
analyst Jeanne Shoesmith.  "The company's debt is trading at
significant discounts to par of 20%-60%, and we believe its capital
structure is unsustainable."


INFINITI HOMES: To Pay Wayne County in Full in 7 Years
------------------------------------------------------
Infiniti Homes International, Inc., filed with the U.S. Bankruptcy
Court for the Eastern District of Michigan a combined disclosure
statement and plan of reorganization dated July 31, 2017.

The Debtor has no unsecured claims.

The Class I will consist of all claims of the Wayne County
Treasurer.  The claims of Wayne County Treasurer are secured by
property owned by the Debtor and are not entitled to priority under
the U.S. Bankruptcy Code.  Total secured claims in this class are
estimated to be approximately $1,800,000.  There are no unsecured
claims as the Debtor seeks to retain the collateral and pay the
claim of Wayne County Treasurer in full.  Class I is impaired.

Class I will be paid $10,000 on the Effective Date.  The Wayne
County Treasurer will be paid $100,000 within 16 months after the
Effective Date.  This payment is separate and distinct from the
monthly payment.

Monthly payments to the Wayne County Treasurer will be $7,500 per
month starting 30 days after the Effective Date this monthly
payment includes interest and will continue for 84 months from the
Effective date.

The Debtor will maintain current on all post petition tax claims.

The Wayne County Treasurer will be paid in full within 7 years of
the Effective Date.

The Wayne County Treasurer will receive interest at 18% per annum
for the forfeited tax years and 12% per-annum on the delinquent tax
years on each parcel until the amounts are paid.

In order to fund the plan the Debtor anticipates the sale of
properties.  All funds realized from the sale of the real estate
will be used to pay the claim of the Wayne County Treasurer.  The
Wayne County Treasurer agrees to waive penalties and interest on
the properties to be sold.  The Debtor agrees that any funds
generated from the sale of the properties on which the penalties
and interest were waived will be applied to the claim of the Wayne
County Treasurer.  The projected funds below are the sales proceeds
from the properties.  The Debtor's principle, Derek Washam, based
on his knowledge of the Detroit real estate market estimated the
appreciation of the properties based on current real estate market
conditions.

The sale of real estate owned by the Debtor in 2018, 2019, 2020
with all proceeds being paid to the Wayne County Treasurer in the
approximate amount of $705,000, plus waiver of penalties and
interest in the amount of approximately $400,000, $630,000 in
monthly payments as required under the Plan, and the separate
payment of $100,000 within 16 months of the effective will allow
the Debtor to pay the Wayne County Treasurer in full with interest
within 7 years of the Effective Date.  If necessary the Debtor will
liquidate further properties to insure full payment within 7
years.

The Class II Interest of the Equity Security Holder will be
unaltered and he will retain his shares of stock in the reorganized
debtor.

Funds for payments under the Plan will be generated from (i) future
income of the Debtor, (ii) funds on hand post-confirmation as of
the confirmation and Effective Dates; (iii) funds loaned to the
Debtor by the Debtor's principals or family members; (iv) sale of
assets; and (v) to the extent that funds are available and that it
is necessary to do so, funds from outside sources.

A copy of the Disclosure Statement is available at:

           http://bankrupt.com/misc/mieb17-44832-23.pdf

             About Infiniti Homes International, Inc.

Infiniti Homes International, Inc., filed a Chapter 11 bankruptcy
petition (Bankr. E.D. Mich. Case No. 17-44832) on March 31, 2017.
The Hon. Thomas J. Tucker presides over the case.  Goldstein
Bershad & Fried, PC, represents the Debtor as counsel.

In its petition, the Debtor estimated $1 million to $10 million
in both assets and liabilities.  The petition was signed by Derek
Washam, president and 100% owner.


INSTITUCION SANTA ELENA: Hires ATM Accounting as Accountant
-----------------------------------------------------------
Institucion Santa Elena Del Monte, Inc. seeks authorization from
the U.S. Bankruptcy Court for the District of Puerto Rico to employ
Angel J. Torres Mercado and ATM Accounting Services as accountant.

The Debtor requires ATM Accounting to prepare the monthly operating
reports, assess the sales projections and provide the filing of all
tax returns with the respective authorities in this proceeding.

ATM Accounting will bill at the rate of $50 per hour and will also
bill for work performed by its associates.
  
ATM Accounting will also be reimbursed for reasonable out-of-pocket
expenses incurred.  

Angel L. Torres Mercado 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.

ATM Accounting can be reached at:

       Angel J. Torres Mercado
       ATM ACCOUNTING SERVICES
       P.O. Box 131
       Penuelas, PR 00624
       Tel: (787)836-5001
       E-mail: eagleacc@yahoo.com
    
                About Institucion Sanata Elena

Institucion Santa Elena Del Monte, Inc. sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. D.P.R. Case No. 17-04793)
on July 5, 2017, disclosing under $1 million in both assets and
liabilities.  The Debtor is represented by Nydia Gonzalez Ortiz,
Esq., at the Law Offices of Santiago & Gonzalez Law LLC.


INSTITUCION SANTA ELENA: Names Nydia Gonzalez Ortiz as Attorney
---------------------------------------------------------------
Institucion Santa Elena Del Monte, Inc. seeks authorization from
the U.S. Bankruptcy Court for the District of Puerto Rico to employ
Nydia Gonzalez Ortiz, Esq. and the Law Offices of Santiago &
Gonzalez Law LLC as attorney.

Santiago & Gonzalez will be paid on these hourly rates:

        Nydia Gonzalez Ortiz             $250
        Associates                       $150
        Paralegals                       $50
  
Santiago & Gonzalez will also be reimbursed for reasonable
out-of-pocket expenses incurred.  

Santiago & Gonzalez received a $3,000 retainer from the Debtor.

Nydia Gonzalez Ortiz, associate of Santiago & Gonzalez, 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.

Santiago & Gonzalez can be reached at:

       Nydia Gonzalez Ortiz, Esq.
       SANTIAGO & GONZALEZ LAW LLC
       11 Betances Street
       Yauco, PR 00698
       Tel:  (787) 267-2205
       E-mail: bufetesg@gmail.com
    
                About Institucion Sanata Elena

Institucion Santa Elena Del Monte, Inc. sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. D.P.R. Case No. 17-04793)
on July 5, 2017, disclosing under $1 million in both assets and
liabilities.  The Debtor is represented by Nydia Gonzalez Ortiz,
Esq., at the Law Offices of Santiago & Gonzalez Law LLC.


INTERNET BRANDS: Moody's Cuts CFR to B3; Outlook Stable
-------------------------------------------------------
Moody's Investors Service downgraded Internet Brands, Inc.
Corporate Family Rating (CFR) to B3 from B2, Probability of Default
Rating (PDR) to B3-PD from B2-PD and the company's existing debt
ratings by one notch (first-lien credit facilities to B2 from B1
and second lien-lien term loan facility to Caa2 from Caa1). In
connection with this rating action, Moody's assigned a B2 rating to
the new incremental revolving credit facility and incremental
first-lien term loan, and a Caa2 rating to the new second-lien term
loan facility. The rating outlook is revised to stable. This
confirms the ratings review that commenced on July 25, 2017.

Proceeds from the new credit facilities plus new equity totaling
approximately $1.1 billion and $315 million of balance sheet cash
will be used to: (i) fund the WebMD acquisition plus fees and
expenses ($2.8 billion); (ii) repay the existing second-lien term
loan ($170 million); and (iii) repay a portion of the existing
first-lien term loan ($50 million). As part of this transaction,
Internet Brands will extend the maturities of its existing
first-lien credit facilities to match the maturities of the new
incremental facilities. Prior to transaction closing, the company
will separate its Autodata subsidiary and remove it from the
restricted group by spinning it out to existing shareholders. The
following rating actions were taken:

Ratings Downgraded:

Issuer: Internet Brands, Inc.

-- Corporate Family Rating to B3 from B2

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

Issuers: Micro Holding Corp. (Co-Borrower MH Sub I, LLC)

$75 Million BACKED Revolving Credit Facility
due 2019 to B2 (LGD-3) from B1 (LGD-3) (To be
withdrawn at close)

$1,184 Million ($1,058 Million currently
outstanding; $460 Million original issue)
BACKED First-Lien Term Loan due 2021 to B2
(LGD-3) from B1 (LGD-3) (To be withdrawn at
close)

$170 Million BACKED Senior Secured Second-Lien
Senior Term Loan due 2022 to Caa2 (LGD-6) from
Caa1 (LGD-6) (To be withdrawn at close)

Ratings Assigned:

Issuers: Micro Holding Corp. (Co-Borrower MH Sub I, LLC)

$150 Million Incremental Revolving Credit Facility due 2022 -- B2
(LGD-3)

$1,040 Million Incremental First-Lien Term Loan due 2024 -- B2
(LGD-3)

$650 Million Second-Lien Senior Term Loan due 2025 -- Caa2
(LGD-6)

Outlook Actions:

Issuer: Micro Holding Corp.

-- Outlook, Changed to Stable from Rating Under Review

-- Issuer: Internet Brands, Inc.

-- Outlook, Changed to Stable from Rating Under Review

Ratings are subject to review of final documentation and no
material change to the terms and conditions of the transaction as
advised to Moody's. Moody's will withdraws the ratings on the
existing $170 million second-lien term loan upon extinguishment at
closing.

RATINGS RATIONALE

The downgrade reflects Moody's expectation that Internet Brands
will: (i) delay deleveraging and operate with higher-than-expected
financial leverage over the rating horizon; (ii) meaningfully
transform the business model by increasing exposure to cyclical
advertising revenue after previously transitioning to a mostly
subscription-based SaaS revenue model; and (iii) engage in bigger
debt-funded M&A targets.

On February 23, 2017, Moody's affirmed Internet Brands' B2 CFR when
the company upsized its first-lien term to fund several
acquisitions. Despite the elevated leverage, Moody's communicated
that the affirmation was premised on the following expectations:

(i) "While pro forma GAAP leverage [7.2x] is higher than the 5.6x
median for B2-rated cross-industry peers, given the transition of
the business to a subscription-based cloud services model, Moody's
believes Internet Brands can accommodate a more leveraged capital
structure;"

(ii) "Barring future debt-financed acquisitions, Moody's
anticipates organic/inorganic EBITDA growth combined with scheduled
debt reduction will reduce Moody's adjusted leverage on a GAAP
basis to around 6.0x by year end 2017 and 5.0x by 2018."

On March 2, 2017, after the company announced a $40 million
increase to the first-lien term loan add-on, Moody's stated in an
Issuer Comment:

"To the extent Internet Brands delays deleveraging or incurs
additional debt such that Moody's expects total debt to GAAP EBITDA
will be sustained above 7x (Moody's adjusted), ratings would likely
experience downward pressure."

As a result of the WebMD purchase, the company will more than
double its gross debt (currently $1.2 billion) resulting in pro
forma financial leverage increasing to over 7x total debt to EBITDA
(Moody's adjusted as of June 30, 2017 on a combined company basis
inclusive of Moody's estimates for net cost synergies in year one
and LTM EBITDA of acquisitions; excluding Autodata EBITDA and
one-time and non-recurring charges). This would delay Moody's
previous expectations for deleveraging to the 6.0x area by the end
of 2017 and 5.0x by 2018. Moody's projects Internet Brands will
reduce leverage to around 7.6x by year end 2017 and 7.4x by 2018,
which is more consistent with the 6.5x median for B3-rated
global-industry peers. Though Moody's expects the company to
generate good free cash flow with free cash flow to adjusted debt
in the 5-8% range (after cost synergies are realized), Moody's
projects a de minimis portion will be applied towards debt
reduction above and beyond the mandatory debt payments since there
is no historical track record of voluntarily reducing debt and
Moody's foresees a growing appetite to use cash for acquisitive
purposes.

WebMD relies primarily on an advertising revenue model whereas
Internet Brands is chiefly a subscription-based revenue model after
it consciously shifted away from media advertising over the last
four years. On a combined basis, however, Moody's estimates
Internet Brands' advertising revenue will increase to close to 70%
of total revenue. Because ad spend is highly correlated with
economic and business cycle conditions, Internet Brands' revenue
will be more dependent upon clients' advertising and marketing
service spending, which can be cyclical. WebMD's sponsorship and
brand advertising revenue experienced a 90+% annual recurring rate
over the 2012-2016 period, helping to mitigate this risk. In
addition, end market diversification will be reduced with the
Health segment accounting for roughly 80% of pro forma combined
revenue.

WebMD will more than double Internet Brands' annual revenue to just
over $1 billlion and marks its largest acquisition to date. The
move reinforces Moody's previously expressed concerns that
management will increasingly focus on bigger M&A targets with
higher EV/EBITDA multiples. The WebMD transaction also signals a
greater aspiration to build out Internet Brands' healthcare
vertical on a global basis given the equity sponsor's belief that
healthcare's use of digital media is in its early stages of
development. Historically, the company has been a serial acquirer
that pursued small to mid-sized website and cloud-based properties.
This shift in acquisition strategy increases business risk, in
Moody's opinions. Larger acquisitions take longer to integrate
because they typically require rationalization to increase their
margins to the corporate average and occasionally need additional
investment to expand product mix and grow revenue. Moody's
acknowledge management's solid track record for integrating small-
scale acquisitions and expect them to eliminate costs to improve
WebMD's EBITDA margins (currently sub-30%) to the company's margin
level (roughly 40% or higher). Most of the benefit from cost
reductions will likely be realized in the first 18 months with the
bulk of the cumulative annual run-rate expected in the first
quarter of 2019. Moody's projects margins will return to Internet
Brands' historical level in 2019/2020.

Moody's expects the company to maintain a very good liquidity
profile with access to $225 million revolving credit facilities,
solid free cash flow generation and at least $50 million of balance
sheet cash.

An upgrade is unlikely over the rating horizon given Moody's
expectations for continued growth via debt-financed acquisitions
resulting in a highly levered capital structure. Over the
long-term, ratings could be upgraded if Internet Brands were to
maintain its leading market position, demonstrate organic
revenue/earnings growth and continue to successfully integrate
acquisitions. An upgrade would also be considered if the company
were to expand the subscription-based services to at least 50% of
total revenue, improve end market diversification and sustain
financial leverage below 6.5x total debt to GAAP EBITDA (Moody's
adjusted).

Ratings may be downgraded if Internet Brands' competitive position
weakens (as measured by market share), recurring/reoccurring
revenue and/or performance--based ad revenue declines from current
levels, acquisitions exhibit underperformance or marketing and
development costs increase (as measured by operating margin
performance). Ratings could also experience downward pressure if
total debt to GAAP EBITDA is sustained above 8x (Moody's
adjusted).

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

Headquartered in Los Angeles, CA, Internet Brands, Inc. is an
internet media company that owns more than 250 branded websites
across four verticals (Automotive; Legal; Health; and Home, Travel
and Other) characterized by high consumer activity and good
advertising spend. The company licenses and delivers its content
and internet technology products and services to small and
medium-sized businesses (SMBs), major corporations and individual
website owners primarily via two revenue models: (i) a
subscription-based Software-as-a-Service (SaaS) platform; and (ii)
performance-based advertising. Revenue for the twelve months ended
June 30, 2017 was approximately $506 million.


JZ SPORTS BAR: Hires Genova & Malin as Attorney
-----------------------------------------------
JZ Sports Bar & Lounge Inc. seeks authorization from the U.S.
Bankruptcy Court for the Southern District of New York to employ
Genova & Malin as attorney.

The Debtor requires Genova & Malin to:
   
   (a) give the Debtor legal advice with respect to its powers
       and duties in its financial situation and management of the

       property of the Debtor;

   (b) take necessary action to void liens against the Debtor's    
   
       property;

   (c) prepare, on behalf of the Debtor, necessary petitions,
       schedules, orders, pleadings and other legal papers; and   
  
   (d) perform all other legal services for the Debtor as
       necessary.

Genova & Malin will be reimbursed for reasonable out-of-pocket
expenses incurred.  

Michelle L. Trier, partner of Genova & Malin, 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.

The Court will hold a hearing on the application on August 21,
2017, at 12:00 p.m.  

Genova & Malin can be reached at:

       Michelle L. Trier, Esq.
       GENOVA & MALIN
       1136 Route 9 Suite 1
       Wappingers Falls, NY 12590
       Tel: (845) 298-1600  
       Fax: (845) 298-1265
          
                    About JZ Sports Bar & Lounge

JZ Sports Bar & Lounge Inc. sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. S.D.N.Y. Case No. 17-36251) on July 24,
2017, disclosing under $1 million in both assets and liabilities.
The Debtor is represented by Michelle L. Trier, Esq., at Genova &
Malin as counsel.


KB HOME: S&P Raises CCR to 'B+' on Strong Financial Results
-----------------------------------------------------------
S&P Global Ratings raised its corporate credit rating on KB Home
and its issue-level ratings on the company's senior unsecured notes
to 'B+' from 'B'. The recovery rating on the unsecured debt is
unchanged at '3', reflecting S&P's expectation for meaningful
(50%-70%; rounded estimate: 65%) recovery to debtholders in the
event of default. The outlook is positive.
    
S&P said, "We believe KBH will continue to achieve significant
revenue and earnings growth through 2018, following
better-than-expected financial and operating results in the first
half of 2017. We expect KB Home to build on the momentum from the
first half of the year to achieve 10%-11% growth in home deliveries
and an average closing price between $390,000 and $400,000 by year
end, further complemented by continued strong absorption,
particularly for its California portfolio. These positive market
and operational dynamics, combined with our expectation for KBH to
pay off the remainder of its 9.1% senior unsecured notes in
September, should cause credit measures to continue to improve over
the next year.

"We expect debt leverage to fall below 5x by the end of the fiscal
year compared with 5.6x for the 12 months ended May 31, 2017, and
6.2x at year-end 2016. In addition, we expect EBITDA interest
coverage to improve toward 3x and adjusted debt to capital to fall
to 54% by the end of the fiscal year, compared with 2x and 57%,
respectively, in the previous period.

"The positive outlook on KB Home reflects our forecast for stronger
EBITDA driven by continued home closing volume growth and higher
EBITDA margins, causing leverage to improve to the mid-4x area as
the company increases its home sale volume over the next 12
months.

"In the event that KBH achieves EBITDA growth more rapidly than our
projections such that interest is sustained above 3x and are
confident debt leverage will be maintained around 4x, we may
reassess our view of the company's relative placement among
corporate peers and raise the rating to BB-.

"Although we view it as unlikely over the next 12 months, we could
return the outlook to stable if forecast EBITDA growth stalls and
fails to materialize, which we believe could result from a demand
slowdown in KBH's key markets or greater-than-expected cost
increases for land, labor, or materials causing adjusted gross
margins to fall toward 19%."


KEELER'S MEDICAL: U.S. Trustee Directed to Appoint Ombudsman
------------------------------------------------------------
Judge Frank L. Kurtz of the U.S. Bankruptcy Court for the Eastern
District of Washington entered an Order directing the U.S. Trustee
to appoint a consumer privacy ombudsman/examiner in connection with
Keeler's Medical Supply, Inc.'s  Motion to Sell substantially all
of its assets.

The U.S. Trustee is ordered to appoint a consumer privacy ombudsman
to review the Debtor's Motion to Sell, including the proposed
purchase and sale agreement, and report to the Court at or before
the hearing on the Motion to Sell (currently set for August 28,
2017 at 10:00 a.m.) as to whether the Agreement would be allowable
and consistent with any privacy policy of the Debtor in effect on
the date this case was commenced.

The Order also provides that the Debtor may utilize cash collateral
currently held by the Estate in order to compensate the Ombudsman
subject to any provisions of the Bankruptcy Code requiring approval
of the ombudsman's fees and costs.

                  About Keeler's Medical Supply

Keeler's Medical Supply, Inc., is a Washington corporation engaged
in the business of selling and leasing medical supplies and
equipment as well as providing services related to such medical
supplies and equipment. Keeler's headquarters and principal plase
of business are located at 2001 West Lincoln Avenue in Yakima,
Washington.  Keeler's was formed in 1971.

The common stock of Keeler's is owned as follows: (a) 91.35% by the
Estate of Sharon Vetsch; (b) 6.51% by Charles E. Vetsch, Jr. (the
President and Chief Executive of Keeler's); and (c) 2.14% by
Clinton T. Vetsch.  

Keeler's Medical Supply filed a Chapter 11 petition (Bankr. E.D.
Wash. Case No. 17-01849) on June 15, 2017, estimating assets of
less than $50,000 and liabilities of $1 million to $10 million. The
petition was signed by Charles Vetsch, president.

Roger William Bailey, Esq., at Bailey & Busey PLLC serves as the
Debtor's legal counsel.
  
The Office of the U.S. Trustee on July 17 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of Keeler's Medical Supply, Inc.


KNIGHT ENERGY: Files for Chapter 11 After Reaching Plan Deal
------------------------------------------------------------
Knight Energy Holdings, LLC and its operating affiliates disclosed
that they have signed a Restructuring Support Agreement ("RSA")
with certain debt holders representing over 87% of the Company's
Senior Secured Credit Facility due 2018 in conjunction with its
voluntary filing of a pre-negotiated Chapter 11 petition on Aug. 8
in the U.S. Bankruptcy Court for the Western District of Louisiana,
Lafayette Division ("Court").  The Company intends to move
expeditiously to present its plan of reorganization to the Court
and seek confirmation of the same.  The RSA provides for a
substantial deleveraging transaction pursuant to which Knight will
meaningfully improve its balance sheet by equitizing over $175
million of its existing secured obligations and will substantially
bolster its liquidity position through an exit financing facility.

Knight is one of the largest, privately-owned oilfield rental tool
companies in the world.  It supplies a wide offering of rental
equipment and services for drilling, completion and well control
activities -- serving a diverse base of oil and natural gas E&P
operators.  The Company was founded in 1972 by Eddy Knight, and is
owned today by second-generation family members.

The Knight family remarked: "Like many leading oil and gas
companies, we have been affected by the ongoing downturn in the
market.  The Company has spent considerable time since then
focusing on how to best serve our customers, employees, and to
maintain strong relations with our vendors and employees.  In order
to best position our Company for the future, we felt that a
financial restructuring was necessary and worked with our
stakeholders to achieve a consensual plan to deleverage the Company
and position Knight and our employees for success.  Together we
have developed a long term strategic plan that will allow Knight to
continue to be a market leader."

The Company will continue to operate in the ordinary course of
business during the proceeding and has filed various "first day"
motions seeking approval of relief so as to operate with minimal
impact or interruption to Knight's valued employees, customers,
vendors and other important parties.  Knight intends to continue to
pay employee wages, salaries and benefits and will work to ensure
that all customer programs will remain unchanged.  The Company is
also seeking approval of a $14.5 million DIP financing facility.
The "first day" motions are scheduled to be heard by the Bankruptcy
Court on the afternoon of Wednesday, August 9, 2017.  The Company
anticipates the relief requested being granted. As such, Knight
will have ample liquidity to support the business during the
Chapter 11 proceeding.

Heller Draper is acting as lead restructuring counsel, a
representative from Opportune is serving as the Company's Chief
Restructuring Officer, and Farlie Turner has served as the
Company's financial advisor.

                     About Knight Energy

Based in Lafayette, Louisiana, Knight Energy Holdings, LLC,
operates as a holding company.  Privately-held Knight Energy,
through its subsidiaries, provides manufacturing packages, drilling
jars, inspection, hardbanding, and safety training services to the
oil and gas industry.

Knight Energy's chief operating affiliate is Knight Oil Tools,
which originated as Knight Specialties in Morgan City, Louisiana,
out of the trunk of founder Eddy Knight's car.  Since then, Knight
Oil Tools -- http://www.knightoiltools.com/-- has evolved into a
company that provides complete rental, fishing, manufacturing
packages, drilling jars, inspection, hardbanding and safety
training to the oil and gas industry in selected markets throughout
the U.S. Knight Oil Tools' long term vision is to continue to build
upon its strong commitment to provide quality equipment and
outstanding service to customers in each product line it serves.

Knight Energy and certain affiliates sought Chapter 11 protection
(Bankr. W.D. La. Case No. 17-51014) on Aug. 8, 2017.

Knight Energy estimated $50 million to $100 million in assets and
at least $100 million in debt.

Judge Robert Summerhays is the case judge.

Heller, Draper, Patrick, Horn & Dabney, LLC, is serving as counsel
to the Debtor, with the engagement led by William H. Patrick, III.

Opportune, LLP, is the Debtors' crisis managers and is providing
Gary L. Pittman as Chief Restructuring Officer.

Donlin, Recano & Company, Inc. is the Claims, Noticing and
Solicitation Agent.


KNIGHT ENERGY: Proposes Sept. 29 Claims Bar Date
------------------------------------------------
Knight Energy Holdings, LLC, and its affiliated debtors filed with
the Bankruptcy Court a motion for an order (a) establishing a
deadline of Sept. 29, 2017 at 4:30 prevailing Central Time, for the
filing of proofs of claim by all persons, corporations,
partnerships, limited liability companies and all other entities in
these cases, (b) establishing Feb. 5, 2018 at 4:30 p.m. prevailing
Central Time for the filing of proofs of claim by governmental
units in the Chapter 11 cases.  

Proofs of Claim must be filed with the Clerk of the United States
Bankruptcy Court for the Western District of Louisiana, Lafayette
Division, 214 Jefferson Street, Suite 100, Lafayette, Louisiana
70501.

                     About Knight Energy

Based in Lafayette, Louisiana, Knight Energy Holdings, LLC,
operates as a holding company.  Privately-held Knight Energy,
through its subsidiaries, provides manufacturing packages, drilling
jars, inspection, hardbanding, and safety training services to the
oil and gas industry.

Knight Energy's chief operating affiliate is Knight Oil Tools,
which originated as Knight Specialties in Morgan City, Louisiana,
out of the trunk of founder Eddy Knight's car.  Since then, Knight
Oil Tools -- http://www.knightoiltools.com/-- has evolved into a
company that provides complete rental, fishing, manufacturing
packages, drilling jars, inspection, hardbanding and safety
training to the oil and gas industry in selected markets throughout
the U.S. Knight Oil Tools' long term vision is to continue to build
upon its strong commitment to provide quality equipment and
outstanding service to customers in each product line it serves.

Knight Energy and certain affiliates sought Chapter 11 protection
(Bankr. W.D. La. Case No. 17-51014) on Aug. 8, 2017.

Knight Energy estimated $50 million to $100 million in assets and
at least $100 million in debt.

Judge Robert Summerhays is the case judge.

Heller, Draper, Patrick, Horn & Dabney, LLC, is serving as counsel
to the Debtor, with the engagement led by William H. Patrick, III.
Opportune, LLP, is the Debtors' crisis managers and is providing
Gary L. Pittman as Chief Restructuring Officer.  Donlin, Recano &
Company, Inc., is the claims, noticing and solicitation agent.


KNIGHT ENERGY: Proposes to Continue Payments to Insiders
--------------------------------------------------------
Knight Energy Holdings, LLC, and its affiliated debtors filed with
the Bankruptcy Court a motion for an order authorizing payments to
insiders, namely:

     (1) Kelley Knight Sobiesk - Director and equity holder;

     (2) Bryan Knight - Director and equity holder;

     (3) Jeff Elmore - President; and

     (4) Mark Comeaux – Chief Financial Officer.

The Debtors say that the services of all of the identified insiders
are vital for the Debtors to continue their operations and
necessary for the Debtors to have the chance to successfully
reorganize.  As of the filing of the bankruptcy cases, the
identified insiders receive the following as salary for services
performed:

    (1) Kelley Knight Sobiesk $5,465 per month
    (2) Bryan Knight $5,408 per month
    (3) Jeff Elmore $20,000 per month
    (4) Mark Comeaux $17,000 per month

The Debtors filed a separate motion to continue payment of wages
and benefits to their employees.  As of the Petition Date, the
Debtors employ 146 salaried employees, 183 hourly employees and
have three independent contractors.  The Debtors' aggregate gross
monthly payroll is approximately $2,287,022 for wages and benefits
for all of the employees.

                     About Knight Energy

Based in Lafayette, Louisiana, Knight Energy Holdings, LLC,
operates as a holding company.  Privately-held Knight Energy,
through its subsidiaries, provides manufacturing packages, drilling
jars, inspection, hardbanding, and safety training services to the
oil and gas industry.

Knight Energy's chief operating affiliate is Knight Oil Tools,
which originated as Knight Specialties in Morgan City, Louisiana,
out of the trunk of founder Eddy Knight's car.  Since then, Knight
Oil Tools -- http://www.knightoiltools.com/-- has evolved into a
company that provides complete rental, fishing, manufacturing
packages, drilling jars, inspection, hardbanding and safety
training to the oil and gas industry in selected markets throughout
the U.S. Knight Oil Tools' long term vision is to continue to build
upon its strong commitment to provide quality equipment and
outstanding service to customers in each product line it serves.

Knight Energy and certain affiliates sought Chapter 11 protection
(Bankr. W.D. La. Case No. 17-51014) on Aug. 8, 2017.

Knight Energy estimated $50 million to $100 million in assets and
at least $100 million in debt.

Judge Robert Summerhays is the case judge.

Heller, Draper, Patrick, Horn & Dabney, LLC, is serving as counsel
to the Debtor, with the engagement led by William H. Patrick, III.
Opportune, LLP, is the Debtors' crisis managers and is providing
Gary L. Pittman as Chief Restructuring Officer.  Donlin, Recano &
Company, Inc., is the claims, noticing and solicitation agent.


KNIGHT ENERGY: Proposes to Pay $1.41M to Critical Vendors
---------------------------------------------------------
Knight Energy Holdings, LLC, and its affiliated debtors seek
permission from the Bankruptcy Court to pay, in the reasonable
exercise of their business judgment, certain prepetition amounts
owed to certain vendors that are critical to the Debtors' business
operations in an amount not to exceed $1,409,000.  The Debtors, in
consultation with their professional advisors, meticulously
reviewed a list of approximately 2,272 vendors to determine which
vendors were absolutely critical to their business operations.  The
Debtors seek authority to pay only those vendors that they have
determined in their business judgment to be truly critical to their
production operations in the Debtors' accounts payable system.

                     About Knight Energy

Based in Lafayette, Louisiana, Knight Energy Holdings, LLC,
operates as a holding company.  Privately-held Knight Energy,
through its subsidiaries, provides manufacturing packages, drilling
jars, inspection, hardbanding, and safety training services to the
oil and gas industry.

Knight Energy's chief operating affiliate is Knight Oil Tools,
which originated as Knight Specialties in Morgan City, Louisiana,
out of the trunk of founder Eddy Knight's car.  Since then, Knight
Oil Tools -- http://www.knightoiltools.com/-- has evolved into a
company that provides complete rental, fishing, manufacturing
packages, drilling jars, inspection, hardbanding and safety
training to the oil and gas industry in selected markets throughout
the U.S. Knight Oil Tools' long term vision is to continue to build
upon its strong commitment to provide quality equipment and
outstanding service to customers in each product line it serves.

Knight Energy and certain affiliates sought Chapter 11 protection
(Bankr. W.D. La. Case No. 17-51014) on Aug. 8, 2017.

Knight Energy estimated $50 million to $100 million in assets and
at least $100 million in debt.

Judge Robert Summerhays is the case judge.

Heller, Draper, Patrick, Horn & Dabney, LLC, is serving as counsel
to the Debtor, with the engagement led by William H. Patrick, III.
Opportune, LLP, is the Debtors' crisis managers and is providing
Gary L. Pittman as Chief Restructuring Officer.  Donlin, Recano &
Company, Inc., is the claims, noticing and solicitation agent.


MCCLATCHY CO: Posts $225.1 Million Revenues in Second Quarter
-------------------------------------------------------------
The McClatchy Company filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $37.44 million on $225.12 million of net revenues for the
quarter ended June 25, 2017, compared to a net loss of $14.73
million on $242.2 million of net revenues for the quarter ended
June 26, 2016.

For the six months ended June 25, 2017, McClatchy Co reported a net
loss of $133.02 million on $446.3 million of net revenues compared
to a net loss of $27.45 million on $480.2 million of net revenues
for the six months ended June 26, 2016.

As of June 25, 2017, the Company had $1.68 billion in total assets,
$1.68 billion in total liabilities, and a $8.74 million
stockholders' deficit.

The Company's cash and cash equivalents were $8.4 million as of
June 25, 2017, compared to $15.9 million and $5.3 million as of
June 26, 2016, and Dec. 25, 2016, respectively.  

"We expect that most of our cash and cash equivalents, and our cash
generated from operations, for the foreseeable future will be used
to repay or repurchase debt, pay income taxes, fund our capital
expenditures, invest in new revenue initiatives, digital
investments and enterprise-wide operating systems, make required
contributions to the Pension Plan, repurchase stock, and for other
corporate uses as determined by management and our Board of
Directors.  As of June 25, 2017, we had approximately $858.7
million in total aggregate principal amounts of debt outstanding,
consisting of $16.9 million of our 5.750% notes due in 2017 (also
see Note 4), all of which becomes due on September 1, 2017,  $476.4
million of our 9.00% Notes due 2022 and $365.4 million of our notes
maturing in 2027 and 2029.  We expect to continue to
opportunistically repurchase our debt from time to time if market
conditions are favorable, and we also expect that we will refinance
a significant portion of this debt prior to the scheduled maturity
of such debt.  However, we may not be able to do so on terms
favorable to us or at all.  We may also be required to use cash on
hand or cash from operations to meet these obligations.  We believe
that our cash from operations is sufficient to satisfy our
liquidity needs over the next 12 months, while maintaining adequate
cash and cash equivalents."

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

                     https://is.gd/Tctd0E

                        About McClatchy

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

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

                          *     *     *

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

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


MCK MILLENNIUM: A. Landis Not Disqualified as Tsakiris' Counsel
---------------------------------------------------------------
By motion, Defendant and Debtor MCK Millennium Retail Centre
Retail, LLC, moved to disqualify attorney Arnold Landis as Counsel
to Paul Tsakiris.  Judge Jack B. Schmetterer of the U.S. Bankruptcy
Court for the District of Illinois denied the Debtor's motion.

Tsakiris filed a proof of claim for breach of contract against the
Debtor.  Landis now represents Claimant Tsakiris in regards to
Claim # 4 as part of this bankruptcy proceeding.

The issue to decide on is whether Landis' previous representation
of the Debtor warrants disqualification of his current
representation of Tsakiris in the claim objection dispute. The
issues relating to Landis' representation of the Debtor in the
mortgage foreclosure proceeding involved: "(1) whether there was a
valid mortgage between [the Debtor] and its lender,(2) whether [the
Debtor] defaulted on the mortgage and (3) whether the lender was
entitled to the appointment of a receiver."

First, the prior legal representation of Landis for the Debtor must
be recreated based on the facts. The factual reconstruction of the
scope of the prior legal representation shows that Landis' work
only dealt with the Debtor's mortgage foreclosure case, which
lasted about half a year. The Debtor fails to give evidence or
state facts to show that Landis' representation of the Debtor
expanded anything beyond that.

The Debtor further argues that Landis' representation of the Debtor
in the foreclosure case did in fact involve subject matter of the
Tsakiris disputed claim. The Debtor asserts that subject matter
knowledge was sufficient to establish a "substantial relationship."
However, the evidence presented by movant establishes that Landis'
scope of representation for the Debtor only dealt with the mortgage
foreclosure.

The Debtor contends that Landis' listing of opposing counsel in the
mortgage foreclosure case as a witness in the contested claim
proceeding creates or constitutes a "substantial relationship."
Using opposing counsel of the mortgage foreclosure case as a
witness in the pending contested claim proceeding is not of
consequence in the application of the substantially related test.
Debtor does not show that Landis received specific privileged
information unrelated to the mortgage foreclosure proceeding.

The Debtor also argues that the appearance of impropriety should be
sufficient to merit disqualification, but that is too low a
standard to set when weighing it against the importance of right to
choose counsel.

Considering all the arguments, Judge Schmetterer finds that
Debtor's burden of proof has not been met because the Debtor did
not present sufficient evidence to establish that a substantial
relationship exists that would merit disqualification.

For these reasons, Movant's Motion to Disqualify Attorney Arnold
Landis as Counsel for Claimant Paul Tsakiris is denied by separate
Order.

A full-text copy of Judge Schmetterer's Memorandum Opinion dated
August 4, 2017, is available at:

     http://bankrupt.com/misc/ilnb16-06369-323.pdf

             About MCK Millennium Centre Retail

MCK Millennium Centre Realty, LLC, operates condominium retail
space located at 33 W. Ontario Street, Chicago, Illinois.

MCK Millennium Centre Realty filed for Chapter 11 protection
(Bankr. N.D. Ill. Case No. 16-06369) on Feb. 25, 2016, and
disclosed $16.2 million in assets and $9.50 million in liabilities
as of the Petition Date.  

Jonathan D. Golding, Esq., and Richard N. Golding, Esq., at The
Golding Law Offices, P.C., are serving as bankruptcy counsel to
the Debtor.  Kraft Law Office is the Debtor's special real estate
counsel.

Leslie A. Bayles, Esq., and Donald A. Cole, Esq., at Bryan Cave
LLP, are representing lender MLMT 2005 MKB2 Millennium
CentreRetail LLC.


MESOBLAST LIMITED: Ends Second Quarter With $45.7M in Cash
----------------------------------------------------------
Mesoblast Limited filed with the Securities and Exchange Commission
its quarterly report for entities subject to Listing Rule 4.7B for
the quarter ended June 30, 2017.

At the beginning of the quarter, Mesoblast had US$69.12 million in
cash and cash equivalents.  Net cash used in operating activities
was US$23.43 million.  Net cash from financing activities was
US$105,000.  At June 30, 2017, the Company had US$45.76 million in
cash and cash equivalents.

Mesoblast is in advanced negotiations with selected pharmaceutical
companies with respect to potential partnering of certain Tier 1
product candidates.  If Mesoblast enters into a binding transaction
in the next quarter, Mesoblast expects that one effect of the
transaction is that its cash reserves are likely to increase.
Mesoblast does not make any representation or give any assurance
that such a binding transaction will be concluded.

In addition, Mesoblast expects its cash reserves to increase in the
next quarter as we expect to receive the following income:

  -- royalty income earned on sales of TEMCELL HS Inj. in Japan,
     and

  -- interest income.

Mesoblast has established an equity facility for up to A$120
million/US$90 million over the next two years, to be used at its
discretion to provide additional funds as required.

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

                     https://is.gd/lJ7IvQ

                     About Mesoblast Ltd.

Melbourne, Australia-based Mesoblast Limited (ASX:MSB; Nasdaq:MESO)
develops cell-based medicines.  The Company has leveraged its
proprietary technology platform, which is based on specialized
cells known as mesenchymal lineage adult stem cells, to establish a
broad portfolio of late-stage product candidates.  Mesoblast's
allogeneic, 'off-the-shelf' cell product candidates target advanced
stages of diseases with high, unmet medical needs including
cardiovascular diseases, immune-mediated and inflammatory
disorders, orthopedic disorders, and oncologic/hematologic
conditions.

Mesoblast reported a loss before income tax of $90.82 million for
the year ended June 30, 2016, compared to a loss before income tax
of $96.24 million for the year ended June 30, 2015.  As of Dec. 31,
2016, Mesoblast had $660.9 million in total assets, $150.4 million
in total liabilities, and $510.51 million in total equity.

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


MICRO HOLDING: S&P Affirms 'B' CCR on WebMD Deal, Outlook Stable
----------------------------------------------------------------
U.S. online advertising and software services company Micro Holding
Corp. (operating as Internet Brands) recently announced its pending
acquisition of U.S.-based digital health care information company
WebMD Health Corp. for $2.7 billion plus associated fees. It will
be primarily funded with proceeds from debt issuance and about $1.1
billion common equity contribution from its sponsor.

S&P Global Ratings affirmed its ratings, including, the 'B'
corporate credit rating, on U.S. online advertising and software
services company Micro Holding Corp. (operating as Internet
Brands). The rating outlook is stable.

S&P said, "At the same time, we assigned our 'B' issue-level rating
and '3' recovery rating to the company's proposed $150 million
incremental revolving credit facility due 2022. The '3' recovery
rating indicates our expectation for meaningful recovery (50%-70%;
rounded estimate: 65%) of principal in the event of a payment
default.

"We also assigned our 'CCC+' issue-level rating and '6' recovery
rating to the company's $650 million senior secured second-lien
term loan due 2025. The '6' recovery rating indicates our
expectation for negligible recovery (0%-10%; rounded estimate: 0%)
of principal for debtholders in the event of a payment default.

"We expect to withdraw our ratings on the existing senior secured
second-lien term loan once it has been repaid.

"Our stable outlook on Internet Brands reflects our expectations
for a successful integration of WebMD, continued topline growth in
the mid-single-digit percentage area and continued strong cash flow
generation metrics. While we expect the company's pro forma debt to
EBITDA to increase above 7x (including our standard adjustments to
debt and EBITDA and WebMD EBITDA, but excluding run-rate synergies
and the Autodata segment) once the acquisition closes, we expect
the company to continue to generate free operating cash flow (FOCF)
to debt in excess of 5% over the next two years. We expect the
acquisition to close in the fourth quarter of 2017.

"The stable rating outlook reflects our expectation that Internet
Brands will successfully integrate WebMD to fully realize its
expected synergies while generating strong, mid- to
high-single-digit percentage, organic growth in its health and
legal segments and strong cash flow. We also expect pro forma
leverage to increase above 7x upon transaction's closing and FOCF
to debt in excess of 5%, which, coupled with the company's growth
profile, should reduce leverage to below 6.5x over the next 18-24
months.

"We could lower the corporate credit rating if competitive
pressures in the legacy Internet Brands segments cause organic
growth in its legal and health segments (excluding WebMD) to slow
to the low-single-digit percentage area from the from the
high-single-digits or if the company is unable to successfully
integrate the WebMD acquisition and fails to realize the
significant synergies it has identified. We could also lower the
rating if we expect FOCF to debt to diminish from current levels to
below 5% on a sustained basis.

"Although unlikely, we could raise the rating if we expect the
company will pursue a less aggressive financial policy such that it
reduces leverage to below 5x on a sustained basis, with a
commitment to a less aggressive financial policy; or if it
successfully increases diversification from the existing businesses
through an acquisition, while maintaining healthy cash flow
generation at about 10% of debt."


MOLINA HEALTHCARE: Moody's Cuts Senior Unsecured Debt Rating to B2
------------------------------------------------------------------
Moody's Investors Service has downgraded the senior unsecured debt
ratings of Molina Healthcare, Inc. to B2 from Ba3 and the insurance
financial strength (IFS) ratings of six of Molina's regulated
operating subsidiaries to Ba1 from Baa3. The outlook on Molina and
its rated operating subsidiaries remains negative. These actions
reflect Moody's assessment of a broadly weaker credit profile at
Molina based on poor financial results, as well as the potential
for operational challenges as the company undertakes a company-wide
restructuring and expense-cutting program.

RATINGS RATIONALE

For Q2 2017, Molina reported a $230 million after-tax net loss
reflecting widespread operational challenges. The net after-tax
loss was driven by prior-year development in Medicaid ($85 million
pre-tax); ACA marketplace losses ($122m pre-tax) reflecting
unfavorable re-estimates of premium deficiency reserves,
risk-transfer payments and cost-sharing subsidies; goodwill
impairments and other losses in the company's Pathways behavioral
health unit ($80 million pre-tax); and employment separation costs
($43 million pre-tax).

Moody's downgrades with a continued negative outlook on Molina and
its rated operating subsidiaries reflects the company's constrained
financial flexibility as well as uncertainty regarding the
execution of its restructuring and profit improvement plan. The
company's restructuring plan is wide-ranging and includes a review
of its contract design and payment processes for providers, medical
utilization management, and information technology. To help fund
its restructuring plan, the company has indicated that it intends
to draw down $300 million on its revolving credit facility, which
would increase leverage to nearly 63% on a pro forma basis. Molina
expects to realize run-rate expense savings of about $200 million
by year-end 2017, with additional savings projected in 2018. To
date, the company has realized $55 million in run-rate cost
savings. Given the broad scope of these remediation efforts,
however, Moody's views their success as uncertain.

The rating action resulted in a four-notch differential between the
Ba1 IFS and B2 senior unsecured debt, which is greater than Moody's
standard three-notch differential for insurance groups. The wider
notching represents the increased potential for loss to debt
holders relative to policyholders for issuers with below investment
grade IFS ratings.

Moody's Ba1 IFS rating of Molina's operating subsidiaries and B2
senior unsecured debt rating of Molina are based primarily on the
company's concentration in the Medicaid market, operational risk
associated with its recent rapid growth, low margins, and high
financial leverage compared to peers (adjusted debt to capital
59.6% at June 30, 2017). In Q1 2017 the company announced a
material weakness over financial reporting as of December 31, 2016
related to a CA Medicaid expansion contract which led the company
to understate after-tax earnings by about $44 million. These
negatives are partially offset by the company's multi-state
presence and a non-regulated management information systems
business. Furthermore, Moody's recognizes that the new management
team has been proactive in undertaking restructuring and
remediation efforts to address its underlying operational issues.

Molina offers government sponsored health care products for
low-income families and individuals, and to state agencies to
assist in their administration of the Medicaid program. At year-end
2016, Molina served approximately 4.2 million members.

RATINGS DRIVERS

Factors that could lead to an affirmation of the ratings with a
stable outlook include: successful implementation of restructuring
plan as measured through improved operating margins; remediation of
the material weakness; maintenance of stable earnings including
marketplace results; Factors that could lead to ratings downgrade
include: Further deterioration of operating processes and/or
financial flexibility; loss or impairment of a major Medicaid
contract.

The following ratings were downgraded:

Issuer: Molina Healthcare, Inc.

-- Senior Unsecured Regular Bond/Debenture, to B2 from Ba3

Issuer: Molina Healthcare of California

-- Insurance Financial Strength, to Ba1 from Baa3

Issuer: Molina Healthcare of Michigan, Inc

-- Insurance Financial Strength, to Ba1 from Baa3

Issuer: Molina Healthcare of New Mexico, Inc

-- Insurance Financial Strength, to Ba1 from Baa3

Issuer: Molina Healthcare of Ohio, Inc

-- Insurance Financial Strength, to Ba1 from Baa3

Issuer: Molina Healthcare of Texas, Inc.

-- Insurance Financial Strength, to Ba1 from Baa3

Issuer: Molina Healthcare of Washington Inc

-- Insurance Financial Strength, to Ba1 from Baa3

Outlook Actions

Issuer: Molina Healthcare, Inc.

Issuer: Molina Healthcare of California

Issuer: Molina Healthcare of Michigan, Inc

Issuer: Molina Healthcare of New Mexico, Inc

Issuer: Molina Healthcare of Ohio, Inc

Issuer: Molina Healthcare of Texas, Inc.

Issuer: Molina Healthcare of Washington Inc

-- Outlook, Remain Negative

Molina Healthcare, Inc. is headquartered in Long Beach, California.
For the six months ended June 30, 2017 total revenue (including
investment income) was $9.9 billion with a net loss of $153
million. Medical membership as of June 30, 2017 was approximately
4.7 million members. As of June 30, 2017 the company reported total
equity of $1.5 billion.

The principal methodology used in these ratings was U.S. Health
Insurance Companies published in May 2016.


MOLINA HEALTHCARE: S&P Alters Outlook to Neg. & Affirms 'BB' CCR
----------------------------------------------------------------
S&P Global Ratings said it affirmed its 'BB' long-term counterparty
credit and senior unsecured debt ratings on Molina Healthcare Inc.
S&P revised the outlook to negative from stable.

S&P said, "The outlook revision is based on our view that Molina
will significantly underperform in full-year 2017 compared with our
original expectations. The company is experiencing multiple issues,
including previous management's strategic missteps, Affordable Care
Act (ACA) exchange business underperformance, core operating
process inefficiencies and Pathways subsidiary underperformance
(resulting in an impairment charge). We are revising our assessment
of the company's management and governance to fair from
satisfactory to reflect these issues. The company's new management
has outlined a clear turnaround strategy, which we view positively.
However, we are uncertain about the ultimate pace and execution of
this strategy in 2017-2018. The company also faces other risks such
as upcoming contract renewals and continued payment of the ACA
cost-sharing subsidies.

"We believe the company could improve its operating performance,
which has suffered from the ACA exchange business'
higher-than-expected medical loss ratios and inaccurate forecasting
of risk adjustment and cost-sharing liabilities. The company's
Medicaid business remains sound overall and will continue to
provide a good avenue for revenue growth and earnings stabilization
(to offset ACA exchange underperformance). Molina plans to improve
ACA exchange performance through premium rate increases, select
market exits, and provider network/contract changes. In addition,
anticipated regulatory changes may help. In 2018, the U.S. Dept. of
Health and Human Services will reduce the state-wide average
premium risk-adjustment transfer by 14% to account for
administrative costs that do not vary with claims. The revised
formula will use 86% of state-wide average premiums instead of
total state-wide premiums. We expect this revision to lessen some
of the future potentially unfavorable ACA risk-adjustment transfers
for Molina.

"We are revising our earnings and credit metric expectations. We
now forecast EBIT return on revenues (ROR) of negative 0.5% to 0.5%
for 2017 (compared with 1.5% previously) and 3% for 2018. We expect
leverage to remain above 50% in 2017-2018 but are revising our
adjusted EBITDA interest coverage expectation to 2x-3x for 2017 and
4x-6x for 2018.

"The negative outlook indicates that we could lower the rating by
one notch during the next two years if the company is unable to
strengthen its management team, improve its core operations, and
turn around its earnings trajectory. The company still has some key
senior management positions to fill (including the CEO), and other
personnel turnover (based on workforce downsizing) could affect
operations. Regarding the company's earnings trajectory, we could
downgrade the company if it is unable to improve its ROR to closer
to 2% on a consistent basis. We believe the company may face more
challenges containing its medical costs than its operating costs.
In addition, it still needs to retain its upcoming Medicaid
contract renewals.

"We could affirm the current ratings during the next 12 months if
it appears that the company is executing on its turnaround
strategy. We would expect Molina to demonstrate a higher commitment
and ability to generate an EBIT ROR above 2% consistently, which
would be more in line with similarly rated managed-care peers. In
addition, we would expect gradual improvement in leverage and
adjusted EBITDA interest coverage above 4x."


MOUNTAIN THUNDER: Kona's Best Committed Breach of Contract
----------------------------------------------------------
The appeals case captioned KONA'S BEST NATURAL COFFEE LLC, a Hawaii
limited liability company,
Plaintiff/Counterclaim-Defendant/Appellant/Cross-Appellee, v.
MOUNTAIN THUNDER COFFEE PLANTATION INT'L, INC., a Hawaii
corporation, TRENT BATEMAN and LISA BATEMAN,
Defendants/Counterclaimants/Appellees/Cross-Appellants, and
NATURESCAPE HOLDINGS GROUP INT'L, INC.,
Defendant/Appellee/Cross-Appellant, and JOHN DOES 1-10, JANE DOES
1-10, DOE PARTNERSHIPS 1-10, DOE CORPORATIONS 1-50, DOE ENTITIES
1-50, Defendants. MOUNTAIN THUNDER COFFEE PLANTATION INT'L INC., a
Hawaii corporation, TRENT BATEMAN; LISA BATEMAN, Third-Party
Plaintiffs/Appellees/Cross-Appellees, v. MICHAEL ROBERTS and BRENT
HIGHT, Third-Party Defendants/Appellants/Cross-Appellees, and MARIN
ARTUKOVICH, KOA COFFEE COMPANY, LLC; JOHN DOES 1-10; JANE DOES
1-10; DOE CORPORATIONS 1-50; DOE ENTITIES 1-50, Third-Party
Defendants, No. CAAP-12-0000593 (Haw. App.), arises out of the
breakdown and eventual termination of negotiations  between Kona
coffee businesses regarding a potential asset purchase agreement.

Kona's Best Natural Coffee LLC was involved in negotiations with
Mountain Thunder Coffee Plantation Int'l, Inc. to purchase the
assets of Mountain Thunder. Michael Roberts held an ownership
interest in Kona's Best and Brent Hight was the general manager of
Kona's Best. Trent Bateman and Lisa Bateman were the owners of
Mountain Thunder. After the negotiations regarding the asset
purchase were terminated, Mountain Thunder transferred assets to
Naturescape Holdings Group Int'l Inc., a company owned by the
Batemans' daughter, Brooke Decker.

With respect to Kona's Best's appeal, The Intermediate Court of
Appeals of Hawaii conclude that: (1) the Circuit Court erred in
denying Kona's Best's motion for judgment as a matter of law on the
Mountain Thunder Defendants' claim for tortious interference with
prospective business advantage; and (2) the Circuit Court did not
err in denying Kona's Best motion for judgment as a matter of law
on the Mountain Thunder Defendants' claims for breach of contract.
With respect to the Mountain Thunder Defendants' cross-appeal, the
Court affirms the Circuit Court on all claims of error challenging:
(1) the entry of judgment in favor of Kona's Best on claims raised
in the Mountain Thunder Defendants' First Amended Counterclaim; (2)
the entry of judgment in favor of Roberts and Hight on claims
raised in the First Amended Third-Party Complaint; (3) the entry of
judgment in favor of Kona's Best and against the Batemans on claims
raised in Kona's Best's First Amended Complaint; and (4) the award
of attorney's fees in favor of Kona's Best and against the
Batemans.

In one of its arguments the Mountain Thunder Defendants contend
that Kona's Best was not protected by the competitor's privilege
because it "acted in bad faith in obtaining Hawaii Coffee Company
as its client." They assert that Kona's Best only learned of Hawaii
Coffee from the Batemans after entering into confidentiality
agreements with the Batemans; that Kona's Best used the information
provided by the Batemans; that Kona's Best directed Artukovich to
tell Wayman that Kona's Best would not agree to purchase and
process coffee for Hawaii Coffee if Hawaii Coffee did business with
Mountain Thunder; and that Hawaii Coffee ceased doing business with
Mountain Thunder after entering into a purchase and processing
agreement with Kona's Best.

The Court concludes that Kona's Best was protected by the
competitor's privilege in that Kona's Best's alleged actions in
interfering with Mountain Thunder's prospective business advantage
with Hawaii Coffee did not constitute improper interference through
the employment of wrongful means.

The Court also rejects the Mountain Thunder Defendants' contention
that Kona's Best employed improper means because it only learned of
Hawaii Coffee and obtained other information through breaches of
its confidentiality agreements with the Batemans. The court notes
that the initial confidentiality agreement which the Batemans'
allege that Trent signed at a March 2007 meeting only protected
information provided by the Batemans that was "non-public,
confidential or proprietary in nature," and the parties'
obligations under the agreement terminated in one year.

Kona's Best contends that the Circuit Court erred in denying its
motion for judgment as a matter of law on the Mountain Thunder
Defendants' Breach of Contract Claims. The Court disagrees.

The Mountain Thunder Defendants presented evidence that while the
negotiations for Kona's Best to purchase Mountain Thunder's assets
were ongoing, the parties entered into an oral agreement to have
Mountain Thunder purchase coffee and process it to green coffee for
Kona's Best. According to the Batemans, when negotiations broke
down, Kona's Best demanded that Mountain Thunder immediately return
all the coffee it had purchased for Kona's Best. The Batemans
presented evidence that Kona's Best owed Mountain Thunder money for
agreed upon services. The Batemans testified that included in the
amounts owed was an administrative fee of $.50 per pound on the
308,000 pounds of coffee that Mountain Thunder delivered to Kona's
Best.

The Court is not persuaded by Kona's Best's contention that it was
unfairly surprised by the Batemans' testimony regarding the
administrative fee. The Mountain Thunder Defendants' First Amended
Counterclaim sought damages for breach of contract that included
amounts owed by Kona's Best for Mountain Thunder's services; the
Mountain Thunder Defendants introduced invoices at trial reflecting
the $.50 administrative fee; and Kona's Best did not object to the
Batemans' testimony regarding the administrative fee at trial or
the Mountain Thunder Defendants' closing argument seeking recovery
of the administrative fee as part of their damages. The Court
concludes that Kona's Best's claim of unfair surprise regarding the
administrative fee is without merit.

After analyzing all the arguments and evidence presented in each
complaint, the Court reverses the Amended Judgment to the extent
that it entered judgment in favor of the Mountain Thunder
Defendants and against Kona's Best on Count IX of the Mountain
Thunder Defendants' First Amended Counterclaim for tortious
interference with prospective business advantage; the Court affirms
the Amended Judgment with respect to its entry of judgment on all
other Counts asserted by the Mountain Thunder Defendants in their
First Amended Counterclaim and its entry of judgment on all Counts
asserted by the Mountain Thunder Defendants in their First Amended
Third-Party Complaint;  the Court affirms the Amended Judgment with
respect to its entry of judgment as between Kona's Best and the
Batemans on Counts asserted by Kona's Best in its First Amended
Complaint; and the Court affirms the Amended Judgment to the extent
that it awarded attorney's fees to Kona's Best and against the
Batemans.

A full-text copy of the Court's Memorandum Opinion dated August 2,
2017, is available at https://is.gd/na1qry from Leagle.com.

Joseph Fagundes, III, (AAL, ALC), George W. Playdon, Jr. --
gwp@opgilaw.com  --Kelvin H. Kaneshiro -- khk@opgilaw.com
--(O'Connor Playdon & Guben LLP), for
Plaintiff/Counterclaim-Defendant/Appellant/Cross-Appellee and
Third-Party Defendants/Appellants/Cross-Appellees.

Grant K. Kidani -- grant@aausportshawaii.org -- (Kidani Law
Center), for Defendants/Counterclaimants/Appellees/Cross-Appellants
and Third-Party Plaintiffs/Appellees/Cross-Appellees.

                    About Mountain Thunder

On Sept. 16, 2016, an involuntary Chapter 11 bankruptcy petition
was filed against Mountain Thunder Coffee Plantation Int'l Inc.
(Bankr. D. Hawaii Case No. 16-00984).  Hagadone Hawaii, Inc. and
three other alleged creditors signed the petition and were
represented by Case Lombardi & Pettit.

On Sept. 16, 2016, an involuntary Chapter 11 bankruptcy petition
was filed against Naturescape Holding Group International, Inc.
(Case No. 16-00982).  GemCap Lending I, LLC and two other alleged
creditors signed the petition and are represented by Alston Hunt
Floyd & Ing and Case Lombardi & Pettit.

On Nov. 16, 2016, the Court entered an order approving the
appointment of Elizabeth A. Kane as the bankruptcy trustee of the
estate of Mountain Thunder.

On Dec. 21, 2016, the Court entered an order approving the
appointment of Ms. Kane as the bankruptcy trustee of the estate of
Naturescape.  The Trustee's attorneys are Simon Klevansky, Esq.,
and Alika L. Piper, Esq., at Klevansky Piper, LLP, in Honolulu,
Hawaii.

Both cases are assigned to Judge Robert J. Faris.

Upon the appointment of the trustee, the Debtors' exclusive right
to file a bankruptcy plan was terminated.  On December 20, 2016,
GemCap Lending filed its joint Chapter 11 plan of reorganization
for the Debtors.

No official committee of unsecured creditors has been appointed in
the Debtors' cases.


MT. OLIVE BAPTIST: Hires Petrie & Pettit as Counsel
---------------------------------------------------
Mt. Olive Baptist Church, Inc., seeks authorization from the U.S.
Bankruptcy Court for the Eastern District of Wisconsin to employ
Petrie & Pettit as general counsel.

The Debtor requires Petrie & Pettit to:

     a. advise and assist the Debtor with respect to its duties and
powers under the Bankruptcy Code;

     b. advise the Debtor on the conduct of this chapter 11 case,
including the legal and administrative requirements of operating in
chapter 11;

     c. attend meetings and negotiate with representatives of the
creditors and other parties in interest;

     d. prosecute actions on the behalf of the Debtor, defend
actions commenced against the Debtor, and represent the Debtor's
interests in negotiations concerning litigation in which the Debtor
is involved, including objections to claims filed against the
Debtor’s estate;

     e. prepare pleadings in connection with this chapter 11 case,
including motions, applications, answers, orders, reports, and
papers necessary or otherwise beneficial to the administration of
the Debtor's estate;

     f. advise the Debtor in connection with any potential sale of
assets;

     g. appear before the Court to represent the interests of the
Debtor’s estate;

     h. assist the Debtor in preparing, negotiating and
implementing a plan, and advise it with respect to any rejection of
a plan and reformulation of a plan, if necessary; and

     i. perform all other necessary or appropriate legal services
for the Debtor in connection with the prosecution of this chapter
11 case, including (i) analyzing the Debtor's leases and contracts
and the assumption and assignment or rejection thereof, (ii)
analyzing the validity of liens against the Debtor, and (iii)
advising the Debtor on transactional and litigation matters.

Petrie & Pettit will be paid at these hourly rates:

     David J. Espin                      $325
     Other Associate Attorneys           $255-$295
     Non-Attorney Paraprofessionals      $75-$125

The Debtor paid Petrie & Pettit $5,044.50 on June 13, 2017, and
$16,384.50 on July 13, 2017. After paying pre-petition fees and
filing fees, Petrie & Pettit is holding a total of $18,615.50 in
its client trust account as security for services and expenses
incurred during the chapter 11 case for the Debtor.

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

David J. Espin, Esq., attorney in the law firm of Petrie & Pettit,
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.

Petrie & Pettit may be reached at:

      David J. Espin, Esq.
      Petrie & Pettit
      250 E. Wisconsin Ave., Suite 1000
      Milwaukee, WI 53202-9885
      Phone: 414.276.2850
      Fax: 414.276.0731
      Email: despin@petriepettit.com

                  About Mt. Olive Baptist Church, Inc.

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


NEOVASC INC: Will Host Q2 Conference Call on Aug. 10
----------------------------------------------------
Neovasc Inc. will release its financial results for the second
quarter 2017 on Thursday, Aug. 10, 2017, after markets close.  The
Company will subsequently hold a conference call that same day,
Thursday, Aug. 10, 2017, 2017, at 4:30 p.m. Eastern Time hosted by
Mr. Alexei Marko, chief executive officer, and Mr. Chris Clark,
chief financial officer.  A question and answer session will follow
the corporate update.

Conference Call Details  

DATE:  Thursday, August 10, 2017
TIME:  4:30 pm ET
DIAL-IN NUMBER:  888 390 0546 or 416 764 8688

A link to the live audio webcast of the conference call will also
be available on the Presentations and Events page of the Investors
section of Neovasc's website at www.neovasc.com.  Please connect at
least 15 minutes prior to the conference call to ensure adequate
time for any software download that may be required to hear the
webcast.  

A recording of the call will be available for 72 hours by calling
888 390 0541 or 416 764 8677 and using passcode 773413#.

                      About Neovasc Inc.

Neovasc Inc. -- http://www.neovasc.com/-- is a specialty medical
device company that develops, manufactures and markets products for
the rapidly growing cardiovascular marketplace.  Its products
include the Neovasc Reducer, for the treatment of refractory angina
which is not currently available in the United States and has been
available in Europe since 2015 and the Tiara, for the transcatheter
treatment of mitral valve disease, which is currently under
investigation in the United States, Canada and Europe.  The Company
also sells a line of advanced biological tissue products that are
used as key components in third-party medical products including
transcatheter heart valves.  

Neovasc reported a net loss of US$86.49 million for the year ended
Dec. 31, 2016, following a net loss of US$26.73 million for the
year ended Dec. 31, 2015.  

As of Dec. 31, 2016, Neovasc had US$98.81 million in total assets,
US$114.27 million in total liabilities and a US$15.46 million total
deficit.

Grant Thornton LLP, in Vancouver, Canada, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2016, emphasizing that the Company was named in a
litigation and that the court awarded $112 million in damages
against it.  This condition, along with other matters, indicate the
existence of a material uncertainty that may cast significant doubt
about the Company's ability to continue as a going concern, the
auditors said.


NORTH AMERICAN GROUP: Has Until Oct. 16 to File Plan, Disclosures
-----------------------------------------------------------------
The Hon. Caryl E. Delano of the U.S. Bankruptcy Court for the
Middle District of Florida has given North American Group, Inc.,
until Oct. 16, 2017, to file a plan of reorganization and
disclosure statement.

                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.  

Michael R. Dal Lago, Esq., at Dal Lago Law serves as the Debtor's
bankruptcy counsel.

Judge Caryl E. Delano presides over the case.

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.


NORTHERN OIL: Bahram Akradi Has 9.81% Equity Stake as of July 21
----------------------------------------------------------------
Bahram Akradi reported in a Schedule 13D/A filed with the
Securities and Exchange Commission that as of July 21, 2017, he
beneficially owns 6,210,000 shares of common stock, $0.001 par
value, of Northern Oil and Gas, Inc., representing 9.81 percent
based on 63,327,589 shares of Common Stock issued and outstanding
as of May 1, 2017, as reported in the Issuer's quarterly report on
Form 10-Q filed on May 8, 2017 for the quarterly period ended March
31, 2017.

Mr. Akradi is chairman of the Board, president and chief executive
officer of Life Time Fitness, Inc.  Life Time is a privately held,
comprehensive health and lifestyle company that offers a
personalized and scientific approach to long-term health and
wellness through its portfolio of distinctive resort-like
destinations, athletic events and health services.  Life Time,
known as the "Healthy Way of Life Company," helps members achieve
their goals with the support of a team of dedicated professionals
and an array of proprietary health assessments.  The address of
Life Time's corporate offices is 2902 Corporate Place, Chanhassen,
MN 55317.

Mr. Akradi has purchased the Subject Shares for aggregate
consideration (including brokerage commissions) of $20,686,139.  He
also has sold shares of Common Stock for aggregate consideration
(including brokerage commissions) of $2,209,269.

On July 21, 2017, Mr. Akradi entered into a letter agreement (the
with Northern Oil under which Northern Oil agreed, among other
things, to increase the size of its Board of Directors from seven
to eight directors and to appoint Mr. Akradi to the Board.

Pursuant to the Letter Agreement, Mr. Akradi is subject to
provisions restricting him from engaging in certain shareholder
activist conduct.  These provisions remain in effect until the
Issuer's 2018 annual meeting of shareholders, unless, in the case
of certain provisions, Mr. Akradi is no longer a member of the
Board.  These provisions restrict the Reporting Person's ability to
engage in certain proxy solicitations (including solicitations
regarding representation on the Board or any other proposal brought
by the Issuer's shareholders), form a group, call meetings of
shareholders, deposit shares into a voting trust or make any public
request to amend the terms of the Letter Agreement.

The Letter Agreement further provides that, at the 2018 Annual
Meeting, Mr. Akradi will vote all shares of Common Stock that he is
entitled to vote in accordance with the Board's recommendation with
respect to any (i) proposal requesting ratification of the
Company's independent accounting firm, (ii) say-on-pay proposal and
(iii) shareholder proposal.

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

                    https://is.gd/Ni90fG
  
                     About Northern Oil

Northern Oil and Gas, Inc. -- http://www.NorthernOil.com/-- is an
exploration and production company with a core area of focus in the
Williston Basin Bakken and Three Forks play in North Dakota and
Montana.
  
Northern Oil reported a net loss of $293.5 million on $144.9
million of total revenues for the year ended Dec. 31, 2016,
compared to a net loss of $975.4 million on $275.05 million of
total revenues for the year ended Dec. 31, 2015.  

As of March 31, 2017, Northern Oil had $449.24 million in total
assets, $919.3 million in total liabilities and a total
stockholders' deficit of $470.09 million.

                          *     *     *

As reported by the TCR on March 24, 2017, Moody's Investors Service
affirmed Northern Oil and Gas' (NOG) 'Caa2' Corporate Family Rating
(CFR), the 'Caa2-PD' Probability of Default Rating (PDR), the
'Caa3' senior unsecured notes rating, and the SGL-4 Speculative
Grade Liquidity (SGL) rating.  The ratings outlook is negative.
"The affirmation reflects Moody's expectations that Northern Oil &
Gas will continue to have elevated leverage as it increases capital
spending in 2017 to keep production volumes flat," commented James
Wilkins, Moody's Vice President-Senior Analyst.  "The negative
outlook reflects the likelihood that the company's earnings will
not recover sufficiently to meet its financial covenants in the
second quarter 2018."

Northern Oil and Gas carries a 'CCC' corporate credit rating, with
negative outlook, from S&P Global Ratings.


NOVITEX ACQUISITION: S&P Affirms Then Withdraws 'B' CCR
-------------------------------------------------------
S&P Global Ratings affirmed its 'B' corporate credit rating on
Novitex Acquisition LLC Inc. and removed the rating from
CreditWatch, where it had been placed with positive implications on
Feb. 23, 2017. S&P said, "We then withdrew our ratings on Novitex's
debt and subsequently withdrew our corporate credit rating on
Novitex. At the time of rating withdrawal, the outlook was
stable."

The rating withdrawal follows the closing of Stamford, Conn.-based
Novitex's merger with Irving, Texas-based Source HOV LLC.

"Novitex's operations will be absorbed into the newly formed
entity, Exela Technologies, and accordingly we have affirmed our
corporate credit ratings on Novitex at 'B', the same rating as on
Exela Technologies," said S&P Global Ratings credit analyst
Geoffrey Wilson. "In addition, due to a change-of-control provision
in Novitex's credit agreement, all existing Novitex debt was
repaid. Therefore, we are withdrawing all ratings on Novitex," Mr.
Wilson added.


OAKFABCO INC: Court Approves Settlement Agreement with NERC
-----------------------------------------------------------
Oakfabco, Inc., moved for approval of a settlement with New England
Reinsurance Company, which was objected to by the Asbestos
Claimants' Committee.  New England and the Debtor filed responses
in favor of the settlement.  The Debtor's motion was amended to
offer $4.5 million.  Judge Jack B. Schmetterer of the U.S.
Bankruptcy Court for the District of Illinois granted the Debtor's
motion.

The ACC objects to approval of the Settlement Agreement for two
reasons: (1) the Debtor's business justifications for approval of
the Settlement Agreement are not valid and (2) the Settlement
Agreement improperly includes third-party releases, injunctions,
and indemnification obligations that are neither narrowly tailored
nor essential to a reorganization.

The ACC believes that the Debtor's justifications are not valid and
should not be subject to deference. These arguments, however, are
not enough to overcome the Debtor's decision to settle.

First, the ACC objects to the Settlement Agreement, because it
believes the Debtor lacked both knowledge and the necessary funds
to resolve the coverage issue with New England. The ACC alleges New
England was able to manipulate the Debtor's position because of its
"compromised financial condition." Also, during the pendency of the
bankruptcy and after negotiations of the Settlement Agreement, the
Binder for the 1983 Policy appeared. The ACC believes that the
Binder warrants an additional $1 million to the 1983 Policy.
Because of this, the Settlement Agreement is said to be undervalued
and the Debtor should withdraw from the Settlement Agreement to
resume negotiations.

Judge Schmetterer finds that the discovery of the Binder does not
affect the Settlement Agreement. Although the Binder presented new
information regarding the 1983 Policy, it appears to lack any
significant effect on the 1983 Policy. It was plausible for the
Debtor to believe the Renewal Certificate would be found to
supersede the Binder and it was not worth withdrawing from the
Settlement Agreement. However, it appears from the increased
settlement offer that Debtor continued negotiations with some
success. Circumstances here continue to support Debtor's
justification for settling.

The ACC's next major objection is the amount of the Settlement
Agreement. The ACC argues that the Settlement Agreement is too low,
because the Debtor has a strong likelihood of success in
litigation, and therefore Settlement Agreement should be rejected.
According to the ACC, the Settlement Agreement should be much
larger because of two documents in relation to the 1983 Policy: the
Binder and Renewal Certificate. Together, these documents are said
to warrant an additional $20 million of coverage in the I983
Policy. The ACC's arguments in this regard, however, do not receive
strong support from current Illinois precedent.

Judge Schmetterer asserts that the ACC's arguments do not establish
that the Debtor failed to exercise a sound business decision when
entering into the Settlement Agreement. Even if the arguments put
forth by the ACC showed a greater chance of success in litigation
than the Debtor believed, all other factors suggest that settling
was the proper action.

The last issue to address is the objection from the ACC asserting
that the Settlement Agreement imposes unreasonable burdens on
nonparty asbestos claimants. The ACC specifically takes issue with
the indemnification obligations, third-party injunctions, and
releases that "provide [New England] with blanket immunity."

The ACC cited a series of other cases in which third-party releases
were stricken because the chapter 11 plan was a liquidating plan or
the releases were too broad.

However, none of the cited cases involved approving a settlement
agreement, but rather were in cases confirming a chapter 11 plan.
At this point, the releases created by approval of the Settlement
Agreement are only between the Debtor and New England. The
Settlement Agreement itself does not create third-party releases
but rather makes the Debtor responsible for including such releases
in confirmation plan that would do so. The arguments here are thus
more appropriate for objection to the Debtor’s forthcoming
chapter 11 plan. ACC has filed such Objection.

Finally, New England and the Debtor removed a provision in the
proposed Settlement Agreement Order, which would require "each
holder of an Asbestos Claim. Therefore, the Settlement Agreement
itself does not grant New England a release by asbestos claimants
or impose any obligations on the asbestos claimants.

Accordingly, the ACC's objections are overruled, and the Settlement
Agreement will be approved by separate order.

A full-text copy of Judge Schmetterer's Opinion dated August 4,
2017, is available at:

         http://bankrupt.com/misc/ilnb15-27062-518.pdf

                   About Oakfabco, Inc.

Oakfabco, Inc, formerly known as Kewanee Boiler Corporation, has
not manufactured boilers since 1988 when it sold its Kewanee boiler
business in an 11 U.S.C. Section 363 sale to Coppus Engineering
Corporation. In early 2009, it sold all of its remaining assets.

The Debtor has no employees, and, Frederick W. Stein is the
Debtor's sole officer and director. The Debtor's sole remaining
asset is its insurance, and it has no known liabilities other than
asbestos claims.

In January 1970, Kewanee Boiler Corp, then a newly-formed Illinois
Corporation, acquired the assets and debt of American Standard,
Inc.'s commercial boiler manufacturing division known as "Kewanee
Boiler." The boilers manufactured and sold by Kewanee Boiler were
insulated with asbestos.

Oakfabco sought Chapter 11 protection (Bankr. N.D. Ill. Case No.
16-27062) on Aug. 7, 2015, to resolve its remaining asbestos
claims. The petition was signed by Frederick W. Stein, president.

Stephen T. Bobo, Esq., Aaron B. Chapin, Esq., Paul M. Singer, Esq.,
Luke A. Sizemore, Esq., and Joseph D. Filloy, Esq., at Reed Smith
LLP, serves as counsel to the Debtor.

The Debtor estimated $10 million to $50 million in assets and
debt.

The U.S. Trustee for Region 11 appointed four members to the
Asbestos Claimants' Committee in the Chapter 11 bankruptcy case of
Oakfabco Inc.: Vince Holajn, William E. Gallet, Kristin Leigh Hart,
and Michael Batchelor. The Asbestos Claimants' Committee is
represented by Frances Gecker, Esq., at FrankGecker LLP.

The Debtor tapped Logan & Company, Inc. as its claims and noticing
agent, and Alan D. Lasko and Associates, P.C. as its tax
accountant.

The Asbestos Claimants' Committee retained Henry Booth and Colin
Gray to provide insurance professional services.


OCEANFRONT HOSPITALITY: Case Summary & 20 Top Unsecured Creditors
-----------------------------------------------------------------
Debtor: Oceanfront Hospitality Group Inc.
           dba Oceanfront Hospitality Inc.
           dba Rosa Mejicano
        PO Box 16684
        San Juan, PR 00908

Business Description: Oceanfront Hospitality's principal assets
                      are located at 270 Ave. Munoz Rivera
                      Local 1-E, Cond. Paseo Caribe San Juan, PR.

Chapter 11 Petition Date: August 7, 2017

Case No.: 17-05539

Court: United States Bankruptcy Court
       District of Puerto Rico (Old San Juan)

Judge: Hon. Mildred Caban Flores

Debtor's Counsel: Paul James Hammer, Esq.
                  ESTRELLA LLC
                  PO Box 9023596
                  San Juan, PR 00902
                  Tel: 787-977-5050
                  Fax: 787-977-5090
                  E-mail: phammer@estrellallc.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Julio Canales Figueroa, president.

The Debtor's list of 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/prb17-05539.pdf


OIL PATCH TRANSPORTATION: Taps Hess Hopkins as Accountant
---------------------------------------------------------
Oil Patch Transportation Inc. seeks authorization from the U.S.
Bankruptcy Court for the Southern District of Texas to employ Hess
Hopkins Alexander LLP as accountant.

The Debtor requires Hess Hopkins to prepare its June 30, 2017
federal income tax return.

Hess Hopkins will charge a flat fee of $3,000.

Hess Hopkins will be reimbursed for reasonable out-of-pocket
expenses incurred.  

Fran Hess, manager of Hess Hopkins, 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.

Hess Hopkins can be reached at:

       Fran Hess
       HESS HOPKINS ALEXANDER LLP
       2211 Norfolk Street, Suite 700
       Houston, TX 77098
       Tel: (713) 520-1181
       Fax: (713) 520-1180
       E-mail: fhess@hess-cpa.com
          
                   About Oil Patch Transportation

Oil Patch Transportation filed a Chapter 11 petition (Bankr. S.D.
Tex. Case No. 17-80152) on May 16, 2017.  The Company says it is a
small business debtor as defined in 11 U.S.C. Section 101(51D).  It
was founded in 2006 and is engaged in the business of arranging
transportation of freight and cargo.  The Debtor serves the oil and
gas industry in Brazoria County, Texas and the surrounding
counties. The Debtor operates on a fiscal year of July through
June. Gross income for fiscal year 2015 was $9,609,160, and for
2016, it was $4,998,418.

Robert Smith, president, signed the petition. At the time of
filing, the Debtor disclosed $2.87 million in total assets and
$2.48 million in total liabilities.  The case is assigned to Judge
Marvin Isgur.


OPT CO: U.S. Trustee Unable to Appoint Committee
------------------------------------------------
The Office of the U.S. Trustee on Aug. 3 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 cases of Opt Co, et al.

                          About Opt Co

Opt Co. operates as a painting contractor.  It offers exterior,
interior, custom homes, garage epoxy, and fences painting and
coating services.  It serves industrial, commercial, and
residential customers in the State of New York. Most of the
principal assets of Opt Co. and its affiliates are located at 5136
S. Desert View Apache Junction, Arizona.

Opt Co. and eight of its affiliates sought protection under Chapter
11 of the Bankruptcy Code (Bankr. D. Ariz. Case Nos. 17-06091 to
17-06098, and 17-06100) on May 31, 2017.  Joseph Cook, personal
representative of estate of Allan Kauffman, signed the petitions.

Debtors Opt Co, 4K Builders, Inc., Blu Enterprises, Inc., Vintage
Millworks, Inc., Southwest Renewable Resources, LLC, Optco
Residential Painting, LLC, Arizona Natural Resources Products, LLC,
and Arizona Steel Finishing, LLC, each listed under $50,000 in
assets and $1 million to $10 million in liabilities.  Debtor 4K
Properties, Ltd, listed under $50,000 in assets and $10 million to
$50 million in liabilities.

Judge Brenda Moody Whinery presides over the cases.  The Debtors
hired Davis Miles McGuire Gardner, PLLC, as counsel.


P.F. CHANG'S: S&P Affirms B- Corp Credit Rating, Outlook Negative
-----------------------------------------------------------------
S&P Global Ratings affirmed its 'B-' corporate credit rating on
P.F. Chang's China Bistro Inc. The rating outlook is negative.

S&P said, "At the same time, we assigned a 'B-' issue-level rating
and '3' recovery rating to the company's proposed $380 million
senior secured credit facility, which includes a $55 million senior
secured revolver and a $325 million first-lien term loan maturing
in 2022. The '3' recovery rating indicates our expectation for
meaningful (50%-70%; rounded estimate: 65%) recovery in the event
of bankruptcy or payment default.

"We also affirmed our 'CCC' issue-level on the company's $300
million senior unsecured notes. The '6' recovery rating is
unchanged, indicating our expectation for negligible (0%-10%;
rounded estimate: 0%) recovery in the event of a payment default or
bankruptcy.

"We will withdraw our ratings on the refinanced senior secured
first-lien term loan once the transaction closes.

"The affirmation reflects our expectation that P.F. Chang's
operations, especially at the Pei Wei, will remain challenged in
the current difficult operating environment for restaurants, though
we have a more favorable view of it liquidity following the
covenant revisions.

"The negative outlook reflects P.F. Chang's small operating scale,
exposure to declining mall traffic, and our expectation for
weakness in the restaurant industry, including lower customer
traffic and spending, which we believe will lead to negative
comparable sales over the next 12 months. The outlook also
incorporates our expectation that the company's capital structure
will remain highly leveraged, based on our forecast that adjusted
leverage will remain in the high-5x to low-6x range for the next
12-18 months.

"We could consider a negative rating action if we believed the
company's liquidity profile deteriorates or if underperformance
leads us to conclude that its capital structure is unsustainable in
the long run. This could occur if the company's operating
initiatives fail to reduce costs or resonate with customers,
resulting in a persistent decline in same-restaurant sales at a
mid-single-digit percentage rate or higher and EBITDA margins
declining 100 basis points to 12% or less. Under this scenario,
adjusted leverage would likely be more 6.5x and interest coverage
would approach 2x. In addition, we would expect the company's
liquidity profile to erode under such a scenario because of
increased cash burn.

"We could consider revising the outlook to stable if we believed
the company would achieve a sustained improvement in its operating
results such that both the P.F. Chang's and Pei Wei brands post
positive comparable sales growth and improved operating margins.
Under such a scenario, the company's menu and other initiatives
would, for example, result in increased customer traffic and sale
leverage. We would expect adjusted leverage to approach the mid-5x
range in this scenario."


PACIFIC DRILLING: Incurs $138.1 Million Net Loss in Second Quarter
------------------------------------------------------------------
Pacific Drilling S.A. announced a net loss for second-quarter 2017
of $138.1 million or $6.48 per diluted share, on $67.07 million of
revenues compared to a net loss of $99.8 million or $4.69 per
diluted share for first-quarter 2017, and net income of $8.2
million or $0.39 per diluted share for second-quarter 2016.

For the six months ended June 30, 2017, the Company reported a net
loss of $237.91 million on $172.58 million of revenues compared to
net income of $5.72 million on $409.08 million of revenues for the
six months ended June 30, 2016.

As of June 30, 2017, Pacific Drilling had $5.60 billion in total
assets, $3.17 billion in total liabilities and $2.43 billion in
total shareholders' equity.

CEO Paul Reese said, "Despite a very challenging market which has
significantly impacted our revenues, we achieved solid operational
performance with a second-quarter revenue efficiency of 95.5% and
continued strong cost control.  Lately, we have received an
increase in market inquiries for projects in several deepwater
regions of the world starting sometime in 2018, which is
promising."

Mr. Reese continued, "On behalf of the entire  Company, I would
like to personally thank Chris Beckett, my predecessor as CEO,
under whose leadership Pacific Drilling has grown into a highly
respected and established offshore drilling contractor."

Contract drilling revenue for second-quarter 2017 was $67.1
million, which included $5.1 million of deferred revenue
amortization, compared to first-quarter 2017 contract drilling
revenue of $105.5 million, which included $31.1 million of deferred
revenue amortization.  The decrease in revenues resulted primarily
from the Pacific Santa Ana completing its contract in January 2017
compared to being offhire throughout the second-quarter 2017,
partially offset by the Pacific Scirocco starting its contract with
Hyperdynamics in second-quarter 2017 compared to being offhire
throughout the first-quarter 2017.  During second-quarter 2017, the
Company's operating fleet achieved average revenue efficiency of
95.5%.  

Operating expenses for second-quarter 2017 were $65.0 million as
compared to $60.4 million for first-quarter 2017. Operating
expenses for second-quarter 2017 included $2.6 million in
amortization of deferred costs, $1.1 million in reimbursable
expenses, and $5.9 million in shore-based and other support costs.

General and administrative expenses for second-quarter 2017 were
$20.1 million, compared to $22.5 million for first-quarter 2017.
Excluding certain legal and financial advisory fees of $6.4 million
in second-quarter 2017 and $6.1 million in first-quarter 2017, our
corporate overhead expenses(b) for second-quarter 2017 were $13.7
million, compared to $16.4 million for first-quarter 2017.

EBITDA(c) for second-quarter 2017 was $(17.6) million, compared to
EBITDA of $21.9 million in the first-quarter 2017.

For second-quarter 2017, cash flow from operations was $(73.5)
million.  Cash balances, including $8.5 million in restricted cash,
totaled $415.6 million as of June 30, 2017, and total outstanding
debt was $3.0 billion.

On July 5, 2017, the Company announced the launch of a private
consent solicitation pursuant to which it solicited the consent of
the holders of the 2017 Senior Secured Notes to an extension of the
maturity date of the notes to June 1, 2018, in order to give us
more time to negotiate a refinancing transaction or undertake a
holistic restructuring with all of our creditors.  The solicitation
expired in accordance with its terms on Aug. 2, 2017, without
receiving sufficient consents to approve the maturity extension.

In light of the results of the solicitation and to ensure the
Company has sufficient liquidity in light of current market
conditions and its debt obligations, the Company is considering
various means to increase its available liquidity, including
potentially seeking to raise additional debt financing.  The
Company is also reviewing various ways to further reduce costs.

If the Company is unable to complete a restructuring, or refinance
or extend the maturity of the 2017 Senior Secured Notes prior to
their maturity in December 2017, the Company may be unable to repay
the Notes at maturity, which would trigger cross-default provisions
in the Company's other debt instruments.  In addition, as
previously disclosed, the Company expects that it will be in
violation of the maximum leverage ratio covenant in its 2013
Revolving Credit Facility and its Senior Secured Credit Facility
for the fiscal quarter ending on Sept. 30, 2017.  If the Company is
unable to obtain waivers of such covenants or amendments to the
debt agreements, such covenant default would entitle the lenders
under such facilities to declare all outstanding amounts under such
debt agreements to be immediately due and payable.  Such
acceleration would also trigger the cross-default provisions in the
Company's other debt instruments.  The Company is evaluating
various alternatives to address its liquidity and capital
structure, which may include a private restructuring or a
negotiated restructuring of its debt under the protection of
Chapter 11 of the U.S. Bankruptcy Code.

CFO John Boots commented, "We continue to engage in discussions
with our shareholders, the bank lenders and the ad hoc group of
holders of our public debt on the terms of a restructuring,
although there is currently no consensus as to the form or
structure of any restructuring."

The Company will not be holding an earnings conference call this
quarter.

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

                      https://is.gd/T2jd2R

                     About Pacific Drilling

Based in Luxembourg, Pacific Drilling S.A. (NYSE:PACD) is an
international offshore drilling contractor.  The Company's
primary business is to contract its high-specification rigs,
related equipment and work crews, primarily on a day rate basis,
to drill wells for its clients.  The Company's contract
drillships operate in the deepwater regions of the United States,
Gulf of Mexico and Nigeria.

Pacific Drilling reported a net loss of $37.15 million on $769.5
million of revenues for the year ended Dec. 31, 2016, as compared
with net income of $126.2 million on $1.08 billion of revenues
for the year ended Dec. 31, 2015.  

As of March 31, 2017, Pacific Drilling had $5.75 billion in total
assets, $3.18 billion in total liabilities and $2.57 billion in
total shareholders' equity.

The Company's independent auditors KPMG LLP, in Houston, Texas,
expressed substantial doubt about the Company's ability to
continue as a going concern in their report on the consolidated
financial statements for the year ended Dec. 31, 2016.  KPMG
noted that the Company expects to be in violation of certain of
its financial covenants in the next 12 months.

                          *     *     *

In October 2016, Moody's Investors Service downgraded Pacific
Drilling's Corporate Family Rating to 'Caa3' from 'Caa2' and
Probability of Default Rating (PDR) to 'Caa3-PD' from 'Caa2-PD'.
"PacDrilling's ratings downgrade reflects our extremely negative
view of the offshore drilling sector with no near term signs of
improvement.  Depressed prices for the offshore drillships offers
weak asset coverage for PacDrilling's overall debt.  With no
material signs of improving contract coverage or utilization for
PacDrilling's drillships, cashflow through 2017 will be severely
impacted resulting in an unsustainable capital structure," said
Sreedhar Kona, Moody's senior analyst.

In February 2017, S&P Global Ratings affirmed its ratings on
Pacific Drilling S.A., including its 'CCC-' corporate credit
rating.  S&P subsequently withdrew all ratings on the company at
its request.


PALMDALE HILLS: Ct. Narrows Claims in Trustee's Suit v. SunCal Mngt
-------------------------------------------------------------------
Plaintiff Stephen M. Speier, as chapter 11 trustee for debtor
SunCal Marblehead, LLC, has brought a motion for partial summary
adjudication of his restitution and/or unjust enrichment claim for
relief against defendant SunCal Management, LLC and with Argent
Management, Inc.

Judge Geraldine Mund of the U.S. Bankruptcy Court for the Central
District of California granted in part and denied in part the
trustee's motion.

In May 2012, the Trustee filed 12 subject complaints (which were
twice subsequently amended) against the Defendants seeking to
recover substantial payments for management fees and expenses made
by the 12 relevant SunCal Debtors to SCM during the four-year
period prior to each SunCal Debtor's bankruptcy, by asserting
claims for breach of contract, restitution/unjust enrichment,
fraudulent transfer, and preferential transfer.

In this adversary proceeding, these management fees and expenses
were invoiced by SCM pursuant to a Development Management Agreement
dated June 10, 2005, between SCM and SCC JV Ventures, LLC.

In this motion, the Trustee is seeking adjudication of his unjust
enrichment/restitution claim against SCM seeking the return of
$9,163,489 paid by the Debtor to SCM between June 10, 2005, and the
Debtor's November 2008 petition date. Although the parties' legal
arguments are varied and complex, the Trustee is essentially
arguing that the Debtor has no legal responsibility for these fees:
the DMA is the exclusive document governing the fees and the DMA
provides for the payment of the fees by SCC JV Ventures, not the
Debtor. SCM is essentially arguing that the management fees were
for developing the Marblehead Project, which was the Debtor's
property, so these fees were the Debtor's responsibility and the
parties' course of dealing and other contracts support this
understanding.

Although the Trustee has established the elements of unjust
enrichment, the Defendants have raised five legal doctrines that
arguably prevent SCM's receipt and retention of the Management Fee
payments from constituting actionable unjust enrichment under
California law. Three of these doctrines are not applicable, as a
matter of undisputed fact, but the applicability of the final two
doctrines raises genuine issues of fact that prevent this Court
from granting summary judgment to the Trustee.

Three of the Defendants' cited legal doctrines -- the existence of
a contract covering the same subject matter, the Debtor receiving
the exchange it expected, and principles of equity from fraudulent
transfer law -- are not applicable to this case. The Defendants
offered two more legal doctrines that, if applicable, would prevent
SCM's receipt and retention of the Management Fees payments from
being actionable unjust enrichment: the "voluntary payment" and
"incidental benefit" doctrines.

The Defendants argue that the voluntary payment doctrine precludes
the Debtor's payment of management fees from being an unjust
enrichment of SCM. The voluntary payment doctrine applies under
California law: The voluntary payment doctrine bars the recovery of
money that was voluntarily paid with full knowledge of the facts.
But it is elementary that an excessive payment made in ignorance of
the fact that it is excessive is recoverable.

The Trustee argues that, given that the Debtor had no employees and
was managed by SCM, it cannot be said that payments were truly
voluntary and the Debtor received the exchange that it expected.
However, the Court cannot accept this "no employees, no intent"
argument. Otherwise, the Debtor would lack responsibility for any
action and would effectively cease to be a legal entity.

Similarly, the Defendants argue that benefitting another in the
performance of one's own duties or in the improvement of one's
property is not unjust enrichment, but merely an incidental
benefit, citing Durell v. Sharp Healthcare.

There are genuine issues of material fact as to whether one or both
of these legal doctrines -- the voluntary payment doctrine and the
incidental benefit doctrine -- are applicable to this case. The
potential applicability of these doctrines prevents the Court from
granting summary judgment to the Trustee.

The Defendants argue that the statute of limitations, equitable
estoppel, laches, and res judicata bar the Trustee's unjust
enrichment/restitution claim. These are all affirmative defenses
and the Defendants, as the parties asserting the defense,
accordingly carry the burden of proof for each of these defenses.

The defenses of equitable estoppel and res judicata do not,
however, as a matter of undisputed fact, bar the Trustee's unjust
enrichment claim. However, it remains an issue of disputed fact
whether the affirmative defenses of statute of limitations or
laches bars the Trustee's unjust enrichment claim.

As genuine issues of fact remain as to the applicability of both
laches and the statute of limitations, each of these affirmative
defenses prevents the Court from granting summary judgment to the
Trustee on his unjust enrichment claim.

Thus, Judge Mund granted the motion in part and denied it in part.
The Court cannot grant summary judgment to the Trustee on his
unjust enrichment/restitution claim but can grant summary
adjudication that:

   * The Trustee has established a claim for unjust
enrichment/restitution for the Management Fees paid by the Debtor
to SCM, except for the following issues:

   * Voluntary Payment Doctrine: Whether the Debtor's payments of
Management Fees to SCM were made voluntarily and with the knowledge
that the Debtor had no legal obligation to pay the Management Fees
to SCM.

   * Incidental Benefit Doctrine: Whether the Debtor had legal
obligations to pay Management Fees or whether these fees were paid
to protect or improve the Debtor's property.

   * The Defendants have failed to establish any defenses to the
unjust enrichment/restitution claim, except for Laches and Statute
of Limitations, which the Defendants may continue to assert.

The bankruptcy case is In re: Palmdale Hills Property, LLC, and
related, CHAPTER 11, Debtors, Debtor(s). Steven M Speier,
Plaintiff(s), v. Argent Management, LLC, SunCal Management LLC,
Defendant(s), Case No. 08-bk-17206-ESb (Bankr.C.D. Cal.).

The adversary proceeding is Steven M Speier, Plaintiff(s), v.
Argent Management, LLC, SunCal Management LLC, Defendant(s), Adv
No. 1:16-ap-01120-GM  (Bankr.C.D. Cal.).

A full-text copy of Judge Mund's Memorandum Decision dated August
2, 2017, is available at https://is.gd/QnZuWN from Leagle.com.

Steven M Speier, Plaintiff, represented by Heather B. Dillion,
Shulman Hodges & Bastian LLP, Mike D. Neue, Dynamic Law Group, P.C.
& Gary A. Pemberton, Shulman Hodges & Bastian LLP.

SunCal Management LLC, Defendant, represented by Craig H. Averch --
caverch@whitecase.com -- & Doah Kim -- doah.kim@whitecase.com --
White & Case LLP.

                     About SunCal Companies

SunCal Companies -- http://www.suncal.com/-- had more than    
250,000 residential lots and 10 million square feet of commercial
space in various stages of development throughout California,
Arizona, Nevada and New Mexico.

Gramercy Warehouse Funding LLC and several creditors filed
involuntary petitions each against LBREP/L-SunCal Master I
LLC, LBREP/L-SunCal McAllister Ranch LLC, LBREP/L-SunCal McSweeny
Farms LLC, and LBREP/L-SunCal Summerwind Ranch LLC on Sept. 11,
2008 (Bankr. C.D. Calif Case No. 08-15588, 08-15637, 08-15639, and
08-15640).  Daniel H. Reiss, Esq., at Levene, Neale, Bender,
Rankin & Brill represents the petitioners.

SunCal affiliates led by Palmdale Hills Property, LLC, filed
voluntary Chapter 11 petitions (Bankr. C. D. Calif. Case No.
08-17206) on Nov. 6, 2008.  Affiliates that also filed separate
Chapter 11 petitions include: SunCal Beaumont Heights, LLC; SunCal
Johannson Ranch, LLC; SunCal Summit Valley, LLC; SunCal Emerald
Meadows LLC; SunCal Bickford Ranch, LLC; SunCal Communities I,
LLC; SunCal Communities III, LLC; and SJD Development Corp.

SunCal Companies is not in bankruptcy.

Paul J. Couchot, Esq., at Winthrop Couchot P.C., represents
Palmdale Hills in its restructuring effort.  The Company estimated
assets and debts of $100 million to $500 million in its Chapter 11
petition.

                     About Lehman Brothers

Lehman Brothers Holdings Inc. -- http://www.lehman.com/-- was    
the fourth largest investment bank in the United States.  For
more than 150 years, Lehman Brothers has been a leader in the
global financial markets by serving the financial needs of
corporations, governmental units, institutional clients and
individuals worldwide.

Lehman Brothers filed for Chapter 11 bankruptcy Sept. 15, 2008
(Bankr. S.D.N.Y. Case No. 08-13555).  Lehman's bankruptcy
petition disclosed US$639 billion in assets and US$613 billion in
debts, effectively making the firm's bankruptcy filing the
largest in U.S. history.  Several other affiliates followed
thereafter.

Affiliates Merit LLC, LB Somerset LLC and LB Preferred Somerset
LLC sought for bankruptcy protection in December 2009.

The Debtors' bankruptcy cases are handled by Judge James M. Peck.
Harvey R. Miller, Esq., Richard P. Krasnow, Esq., Lori R. Fife,
Esq., Shai Y. Waisman, Esq., and Jacqueline Marcus, Esq., at
Weil, Gotshal & Manges, LLP, in New York, represent Lehman.  Epiq
Bankruptcy Solutions serves as claims and noticing agent.

Dennis F. Dunne, Esq., Evan Fleck, Esq., and Dennis O'Donnell,
Esq., at Milbank, Tweed, Hadley & McCloy LLP, in New York, serve
as counsel to the Official Committee of Unsecured Creditors.
Houlihan Lokey Howard & Zukin Capital, Inc., is the Committee's
investment banker.

On Sept. 19, 2008, the Honorable Gerard E. Lynch of the U.S.
District Court for the Southern District of New York, entered an
order commencing liquidation of Lehman Brothers, Inc., pursuant
to the provisions of the Securities Investor Protection Act (Case
No. 08-CIV-8119 (GEL)).  James W. Giddens has been appointed as
trustee for the SIPA liquidation of the business of LBI.

The Bankruptcy Court approved Barclays Bank Plc's purchase of
Lehman Brothers' North American investment banking and capital
markets operations and supporting infrastructure for US$1.75
billion.  Nomura Holdings Inc., the largest brokerage house in
Japan, purchased LBHI's operations in Europe for US$2 plus the
retention of most of employees.  Nomura also bought Lehman's
operations in the Asia Pacific for US$225 million.

Lehman emerged from bankruptcy protection on March 6, 2012, more
than three years after it filed the largest bankruptcy in U.S.
history.  Lehman is set to make its first payment to creditors
under its $65 billion payout plan on April 17, 2012.

               International Operations Collapse

Lehman Brothers International (Europe), the principal UK trading
company in the Lehman group, was placed into administration,
together with Lehman Brothers Ltd, LB Holdings PLC and LB UK RE
Holdings Ltd.  Tony Lomas, Steven Pearson, Dan Schwarzmann and
Mike Jervis, partners at PricewaterhouseCoopers LLP, have been
appointed as joint administrators to Lehman Brothers
International (Europe) on Sept. 15, 2008.  The joint
administrators have been appointed to wind down the business.

Lehman Brothers Japan Inc. and Lehman Brothers Holdings Japan
Inc. filed for bankruptcy in the Tokyo District Court on
Sept. 16.  Lehman Brothers Japan Inc. reported about JPY3.4
trillion (US$33 billion) in liabilities in its petition.


PALMDALE HILLS: SCM Wins Partial Summary Judgment in Clawback Suit
------------------------------------------------------------------
Defendants SunCal Management, LLC, and Argent Management, Inc.,
bring a motion for summary judgment on the first claim for relief
(Breach of Contract) and the second claim for relief (Unjust
Enrichment and/or Restitution) by plaintiff Stephen M. Speier, as
chapter 11 trustee and liquidating trustee for debtor SunCal Oak,
LLC, or, in the alternative, for partial summary adjudication.

Judge Geraldine Mund of the U.S. Bankruptcy Court for the Central
District of California granted the defendants' motion in part with
regard to the first claim but will continue hearing on the second
claim.

This motion is made in one of 12 related adversary proceedings now
before this Court. The 12 debtors involved in these adversary
proceedings are in turn part of a larger related group of 26
debtors that were formed to develop residential real estate
projects in the Western United States. The Debtor's project was
located in Oakland and is known as Oak Knoll.

The Trustee had been appointed the chapter 11 trustee for each of
the involuntary SunCal Debtors and --  through two plans of
reorganization governing various SunCal Debtors, which were each
confirmed in January 2012 -- was appointed the liquidating trustee
of most of the SunCal Debtors, including the Debtor. The SunCal
Debtors' Projects were also transferred to Lehman on an "as is"
basis pursuant to the Plans and related confirmation orders.

In May 2012, the Trustee filed the twelve subject complaints (which
were twice subsequently amended) against the Defendants, each
complaint seeking to recover substantial payments for management
fees and expenses made by the relevant SunCal Debtor to SCM during
the four-year period prior to the SunCal Debtors' bankruptcies.
These complaints asserted claims for breach of contract,
restitution/unjust enrichment, fraudulent transfer, and
preferential transfer.

The Trustee's arguments that SCM breached the Development
Management Agreement prior to the Debtor's failure to fund the
Project do not withstand scrutiny. Any breach based on SCM's
failure to repay overpaid Management Fees would only have occurred
in 2012. The overpayment alleged by the Trustee could only become
evident upon the sale of the Project -- which occurred in 2012. As
the Trustee states in the Opposition: "no one could have discovered
that SCM received excess Management Fees until the conveyance of
the Project to Lehman in March 2012."

Furthermore, in the absence of fraud, misrepresentation, or an act
of bad faith, a "Default" by SCM under the DMA requires written
notice by the Debtor and an opportunity to cure. Perhaps tellingly,
there is no evidence that the Debtor gave SCM written notice of
breach -- for either overpayment of management fees or takeover of
control by Lehman -- prior to the time it ceased funding the
Project in late 2008.

Accordingly, summary judgment must be granted to the Defendants on
this claim.

A claim based on unjust enrichment -- whether titled unjust
enrichment or restitution -- may be brought under California law.
An unjust enrichment claim under California law requires "receipt
of a benefit and unjust retention of the benefit at the expense of
another."

It is undisputed that the Debtor conferred a benefit of $4 million
of payments for management fees and $3 million of payments for
expenses. Under California law, the Trustee has a claim for unjust
enrichment (or restitution) unless the damages to SCM exceeded this
$7 million benefit conferred on SCM. So, if the Defendants could
establish as a matter of undisputed fact that SCM's damages
exceeded the approximately $7 million paid by the Debtor, the
Defendants would be entitled to summary judgment on this unjust
enrichment claim.

The Court does not know whether SCM could establish that its
damages exceeded $7 million. The amount of SCM's damages from the
Debtor/Trustee's breach of the DMA was not originally at issue in
this MSJ, so the parties have neither briefed nor submitted
evidence regarding the amount of such damages. The Court will
continue this MSJ for the purpose of allowing the parties to
provide evidence of the amount of SCM's damages.

In conclusion, Judge Mund grants the MSJ in part: judgment is
granted to the Defendants on the first claim for breach of
contract.

As to the second claim for restitution and/or unjust enrichment,
the MSJ will be continued until Sept. 12, 2017, at 10:00 a.m., in
order to give the parties an opportunity to present evidence on the
issue of whether SCM's damages arising from the Debtor/Trustee's
breach of the DMA exceeded the payments by the Debtor to SCM. No
later than Sept. 6, 2017, the Defendants shall file either (i)
their evidence of the amount of such damages or (ii) a statement
that they do not wish to go forward on this issue (in which case
the Court will deny summary judgment to the Defendants on this
second claim for unjust enrichment and/or restitution). The Court
will set a schedule for the remaining briefing on this issue at the
Sept. 12, 2017 hearing.

Finally, at the hearing on this MSJ, the Defendants' counsel
clarified that they were not asking for a final ruling, but merely
a recommendation of ruling to the District Court. As the Court is
not aware of any ruling on whether these claims are core
proceedings and the Court's resulting ability (or inability) to
issue final rulings, it will reserve the issue. As the parties'
numerous motions for summary judgment are not being sent piecemeal
to the District Court for interlocutory review, there is no need to
resolve at this time whether this Court will be issuing final
rulings or proposed findings of fact and conclusions of law.

The bankruptcy case is In re: Palmdale Hills Property, Inc. and
related Debtors, Chapter 11, Debtor(s). Steven M Speier
Plaintiff(s), v. Argent Management, LLC, SunCal Management LLC
Defendant(s), Case No. 8:08:bk-17206-ES (Bankr. C.D. Cal.).

The adversary proceeding is Palmdale Hills Property, Inc. and
related Debtors, Chapter 11, Debtor(s). Steven M Speier
Plaintiff(s), v. Argent Management, LLC, SunCal Management LLC
Defendant(s), Adv No. 1:16-ap-01125-GM (Bankr. C.D. Cal.).

A full-text copy of Judge Mund's Memorandum Decision dated August
2, 2017, is available at https://is.gd/cN2V3B from Leagle.com.

Steven M Speier, Plaintiff, represented by Mike D. Neue, Dynamic
Law Group, P.C. & Gary A. Pemberton, Shulman Hodges & Bastian LLP.

SunCal Management LLC, Defendant, represented by Craig H. Averch --
caverch@whitecase.com.

                     About SunCal Companies

SunCal Companies -- http://www.suncal.com/-- had more than    
250,000 residential lots and 10 million square feet of commercial
space in various stages of development throughout California,
Arizona, Nevada and New Mexico.

Gramercy Warehouse Funding LLC and several creditors filed
involuntary petitions each against LBREP/L-SunCal Master I
LLC, LBREP/L-SunCal McAllister Ranch LLC, LBREP/L-SunCal McSweeny
Farms LLC, and LBREP/L-SunCal Summerwind Ranch LLC on Sept. 11,
2008 (Bankr. C.D. Calif Case No. 08-15588, 08-15637, 08-15639, and
08-15640).  Daniel H. Reiss, Esq., at Levene, Neale, Bender,
Rankin & Brill represents the petitioners.

SunCal affiliates led by Palmdale Hills Property, LLC, filed
voluntary Chapter 11 petitions (Bankr. C. D. Calif. Case No.
08-17206) on Nov. 6, 2008.  Affiliates that also filed separate
Chapter 11 petitions include: SunCal Beaumont Heights, LLC; SunCal
Johannson Ranch, LLC; SunCal Summit Valley, LLC; SunCal Emerald
Meadows LLC; SunCal Bickford Ranch, LLC; SunCal Communities I,
LLC; SunCal Communities III, LLC; and SJD Development Corp.

SunCal Companies is not in bankruptcy.

Paul J. Couchot, Esq., at Winthrop Couchot P.C., represents
Palmdale Hills in its restructuring effort.  The Company estimated
assets and debts of $100 million to $500 million in its Chapter 11
petition.

                     About Lehman Brothers

Lehman Brothers Holdings Inc. -- http://www.lehman.com/-- was    
the fourth largest investment bank in the United States.  For
more than 150 years, Lehman Brothers has been a leader in the
global financial markets by serving the financial needs of
corporations, governmental units, institutional clients and
individuals worldwide.

Lehman Brothers filed for Chapter 11 bankruptcy Sept. 15, 2008
(Bankr. S.D.N.Y. Case No. 08-13555).  Lehman's bankruptcy
petition disclosed US$639 billion in assets and US$613 billion in
debts, effectively making the firm's bankruptcy filing the
largest in U.S. history.  Several other affiliates followed
thereafter.

Affiliates Merit LLC, LB Somerset LLC and LB Preferred Somerset
LLC sought for bankruptcy protection in December 2009.

The Debtors' bankruptcy cases are handled by Judge James M. Peck.
Harvey R. Miller, Esq., Richard P. Krasnow, Esq., Lori R. Fife,
Esq., Shai Y. Waisman, Esq., and Jacqueline Marcus, Esq., at
Weil, Gotshal & Manges, LLP, in New York, represent Lehman.  Epiq
Bankruptcy Solutions serves as claims and noticing agent.

Dennis F. Dunne, Esq., Evan Fleck, Esq., and Dennis O'Donnell,
Esq., at Milbank, Tweed, Hadley & McCloy LLP, in New York, serve
as counsel to the Official Committee of Unsecured Creditors.
Houlihan Lokey Howard & Zukin Capital, Inc., is the Committee's
investment banker.

On Sept. 19, 2008, the Honorable Gerard E. Lynch of the U.S.
District Court for the Southern District of New York, entered an
order commencing liquidation of Lehman Brothers, Inc., pursuant
to the provisions of the Securities Investor Protection Act (Case
No. 08-CIV-8119 (GEL)).  James W. Giddens has been appointed as
trustee for the SIPA liquidation of the business of LBI.

The Bankruptcy Court approved Barclays Bank Plc's purchase of
Lehman Brothers' North American investment banking and capital
markets operations and supporting infrastructure for US$1.75
billion.  Nomura Holdings Inc., the largest brokerage house in
Japan, purchased LBHI's operations in Europe for US$2 plus the
retention of most of employees.  Nomura also bought Lehman's
operations in the Asia Pacific for US$225 million.

Lehman emerged from bankruptcy protection on March 6, 2012, more
than three years after it filed the largest bankruptcy in U.S.
history.  Lehman is set to make its first payment to creditors
under its $65 billion payout plan on April 17, 2012.

               International Operations Collapse

Lehman Brothers International (Europe), the principal UK trading
company in the Lehman group, was placed into administration,
together with Lehman Brothers Ltd, LB Holdings PLC and LB UK RE
Holdings Ltd.  Tony Lomas, Steven Pearson, Dan Schwarzmann and
Mike Jervis, partners at PricewaterhouseCoopers LLP, have been
appointed as joint administrators to Lehman Brothers
International (Europe) on Sept. 15, 2008.  The joint
administrators have been appointed to wind down the business.

Lehman Brothers Japan Inc. and Lehman Brothers Holdings Japan
Inc. filed for bankruptcy in the Tokyo District Court on
Sept. 16.  Lehman Brothers Japan Inc. reported about JPY3.4
trillion (US$33 billion) in liabilities in its petition.


PETERSBURG, VA: S&P Revises Outlook on GO Bonds to Stable
---------------------------------------------------------
S&P Global Ratings has revised its outlook on Petersburg, Va.'s
general obligation (GO) bonds outstanding to stable from negative,
and affirmed its 'BB' underlying rating on the bonds.

"The outlook revision reflects our view of the city's commitment to
restoring financial stability following years of fiscal imbalance,"
said S&P Global Ratings credit analyst Timothy Barrett.

The city has taken a number of key steps toward financial recovery,
including repaying a portion of past due obligations in addition to
creating a viable plan to strengthening budgetary flexibility and
liquidity, supported by some recently adopted financial policies.
S&P said, "The stable outlook further reflects our expectation that
Petersburg will make full and timely payment on its current debt
obligations and that the city will have continued market access
within the next few months when it comes time to securing a
short-term note for liquidity purposes.

"At the same time, S&P Global Ratings assigned its 'A' long-term
rating, and stable outlook, to Petersburg's GO and refunding bonds,
series 2017A (tax-exempt), and GO refunding bonds, series 2017B
(taxable), based on our assessment of the city's eligibility for,
and participation in, the Virginia State Aid Intercept program. The
strength and availability of the city's state aid to intercept
support program credit characteristics."

The series 2017 bonds and the city's GO bonds outstanding are
secured by the city's full faith and credit pledge. The city will
levy without limitation as to rate or an amount, an ad valorem tax
on all taxable property within its jurisdiction to pay principal
and interest on its GO bonds. Series 2017A and 2017B bond proceeds
will be used to refund and restructure previously issued GO and
revenue bond debt in the amount of $21.3 million in addition to
providing about $3.0 million in new money for essential equipment
needs.

S&P said, "At the same time, due to the city's participation in
governmental agreements to provide for debt service payments, we
affirmed our 'BB' underlying rating on the Stafford County &
Staunton Industrial Development Authority's Municipal
League-Virginia Association of Counties Finance Recovery Act Bond
Pool II (of which Petersburg is a participant) under our multiple
revenue stream criteria. Each participant's obligation to pay loans
is several and not joint. In the absence of a step-up provision,
the rating reflects the credit quality of the pool's weakest
participant, which we believe is Petersburg.

"The stable outlook on the Virginia state aid intercept rating
reflects our opinion of the strength of the intercept structure. We
do not expect the Virginia state aid intercept rating to change
within the two-year outlook horizon.

"The stable outlook on the underlying rating reflects Petersburg's
commitment to restoring balanced financial operations following
years of imbalance. In our view, the city has taken significant
steps toward identifying problems with its internal controls and
the resulting accumulated deficit position, in addition to forming
a plan to improve reserves and maintain structural balance.

"Although we believe there are still significant risks associated
with the city's finances, we believe the city is on a new
trajectory aimed at restoring a healthier financial position.

"The ability of Petersburg's new management team to demonstrate
improved internal controls and structural financial balance, while
fully repaying prior obligations, could lead to us to raise the
rating, potentially by multiple notches.

"If the city's liquidity position were to worsen as a result of a
failure to implement the proposed financial recovery plan, the
city's ability or willingness to repay its debt obligations came
into question, or the city were unable to successfully secure
short-term liquidity, we could lower the rating."


PF CHANG'S: Moody's Rates Proposed $325MM Senior Term Loan Ba3
--------------------------------------------------------------
Moody's Investors Service assigned a Ba3 rating to P.F. Chang's
China Bistro, Inc.'s (P.F. Chang's) proposed $325 million senior
secured term loan and $55 million senior secured revolving credit
facility. Moody's also affirmed the company's existing B3 Corporate
Family Rating (CFR), B3-PD Probability of Default Rating (PDR) and
Caa1 senior unsecured note rating. The rating on the existing
senior secured bank facility is Ba3. In addition, the outlook was
changed to stable from negative.

RATINGS RATIONALE

"The change in outlook to stable from negative reflects the
benefits the proposed refinancing provides by adding additional
cash, extending its debt maturity profile and providing ample room
under its revised covenants all of which should give management
more time to focus on its brands." Stated Bill Fahy, Moody's Senior
Credit Officer. "The outlook also reflects Moody's views that
credit metrics should gradually improve as management focuses on
improving same store sales at PF Chang China Bistro (Bistro) as
well as stabilizing operating trends at Pei Wei" stated Fahy.

The affirmation of P.F. Chang's B3 CFR reflects the company's high
leverage and modest coverage, very weak operating trends at Pei Wei
and a challenging operating environment that will continue to
pressure same store sales, earnings and debt protection metrics.
The ratings are supported by the company's high level of brand
awareness, reasonable scale, a more strategic focus on driving
traffic, cost saving initiatives, and adequate liquidity.

Assignments:

Issuer: P.F. Chang's China Bistro, Inc.

-- Senior Secured Bank Credit Facility, Assigned Ba3(LGD2)

Outlook Actions:

Issuer: P.F. Chang's China Bistro, Inc.

-- Outlook, Changed To Stable From Negative

Affirmations:

Issuer: P.F. Chang's China Bistro, Inc.

-- Probability of Default Rating, Affirmed B3-PD

-- Corporate Family Rating, Affirmed B3

-- Senior Unsecured Regular Bond/Debenture, Affirmed Caa1(LGD5)

To be Withdrawn:

Issuer: P.F. Chang's China Bistro, Inc.

-- Senior Secured Bank Credit Facility, currently Ba3(LGD2)

Factors that could result in an upgrade include a sustained
improvement in earnings driven by positive operating trends,
particularly a stabilization of traffic, and lower costs.
Specifically, an upgrade would require EBIT coverage of interest
expense above 1.75 times and debt to EBITDA of under 5.5 times on a
sustained basis. A higher rating would also require PF Chang to
maintain good liquidity.

Factors that could result in a downgrade include an inability to
stabilize same store sales--particularly, weak traffic trends--or a
failure to improve financial performance such that credit metrics
remain weak. Specifically, a downgrade could occur if debt to
EBITDA remains above 7.0 times or EBITDA less Capex to interest
remained below 1.0 times on a sustained basis. The ratings could
also be downgraded if liquidity were to deteriorate for any reason.
An inability to successfully execute the refinancing of its credit
facility as currently planned could also result in a negative
rating action.

P.F. Chang's China Bistro, Inc. (P.F. Chang's) operates restaurants
under the brand names P.F. Chang's China Bistro (Bistro) and Pei
Wei Asian Diner (Pei Wei) in the casual and fast casual dining
segments of the restaurant industry. Annual revenue is
approximately $1.3 billion. P.F. Chang's is owned by Centerbridge
Capital Partners II, L.P.

The principal methodology used in these ratings was Restaurant
Industry published in September 2015.


PHIBRO ANIMAL: S&P Affirms Then Withdraws 'B+' Corp Credit Rating
-----------------------------------------------------------------
S&P Global Ratings affirmed its 'B+' corporate credit rating on
Phibro Animal Health Corp. following the redemption of the
company's outstanding debt. The outlook is stable.

S&P subsequently withdrew all ratings at the company's request,
including the 'B+' issue-level rating on the now-redeemed
first-lien senior secured term loan ('3' recovery rating; rounded
estimate: 50%).


PHOTOMEDEX INC: Inks Two-Year Employment Agreement with CFO
-----------------------------------------------------------
PhotoMedex, Inc., entered into an employment agreement with Stephen
Johnson, under which Mr. Johnson will serve as chief financial
officer of the Company.  The term of the Johnson Agreement is for a
period commencing on May 17, 2017, and ending on the second
anniversary of the Effective Date.  The Term will be renewed
automatically for additional one year period unless terminated by
either the Company or Mr. Johnson in writing delivered no less than
90 days prior to the expiration of the then-applicable Term.

Mr. Johnson will be entitled to a base salary of $300,000 per
annum, payable in accordance with the Company's normal payroll
practices.  Increases in the Base Salary during the Term will be
determined from time to time in the sole discretion of the Board.
Mr. Johnson will also be entitled to a bonus of not less than 35%
of his Base Salary, subject to achieving certain milestones to be
set by the Company's compensation committee within 30 days after
the committee receives a business plan for the Company from Mr.
Johnson and Suneet Singal, the Company's chief executive officer.
In addition, Mr. Johnson will be entitled to receive equity
compensation in an amount and with a vesting schedule to be
determined by the Company's compensation committee within 30 days
after receipt of the business plan.

Mr. Johnson and his family will be eligible to participate in the
Company's healthcare, welfare benefit, life insurance, fringe
benefit and any qualified or non-qualified retirement plans in
effect at the Company on the same basis as those benefits are made
available to the other senior executives of the Company.  If the
Company does provide a health insurance plan for which Mr. Johnson
is eligible, he will be reimbursed by the Company for the cost of
the health insurance paid by him for himself and his family.  If
the Company does not provide a health insurance plan for which he
is eligible, Mr. Johnson will be reimbursed by the Company for the
cost of health insurance paid by him for himself and his family,
grossed-up to cover any taxes Mr. Johnson would be required to pay
for that reimbursement.  Additionally, Mr. Johnson will receive
such perquisites as are or have previously been made available to
other senior executives of the Company, as well as four weeks paid
vacation per year, and will be paid annually in cash for vacation
days not taken by him so long as no more than four weeks of
vacation are accrued each year for purposes of cash payments.

Mr. Johnson's employment may be terminated by the Company for
Cause, as defined in the Agreement, upon delivery of a Notice of
Termination by the Company to him, except where he is entitled to a
cure period, in which case the Date of Termination will be upon the
expiration of the cure period if the matter constituting Cause was
not cured.  His employment will terminate automatically upon his
resignation (other than for Good Reason or due to the Executive's
death or Disability).

If Mr. Johnson's employment is terminated by the Company for Cause,
or if he resigns other than for Good Reason, he is entitled to
receive (a) any earned but unpaid Base Salary and/or accrued but
unused vacation days, all vested equity, and any earned but unpaid
bonus awards through the Date of Termination, (b) reimbursement for
any unreimbursed business expenses incurred by him in accordance
with the Company's policy prior to the Date of Termination, and (c)
such Employee Benefits, if any, to which he may be entitled upon
termination of employment under the terms of the plan documents and
applicable law (including under the applicable provisions of
Consolidated Omnibus Budget Reconciliation Act of 1985, as
amended).

If Mr. Johnson's employment is terminated by the Company other than
for Cause, immediately upon delivery of a Notice of Termination by
the Company to him, or if it terminates automatically and
immediately upon his resignation for Good Reason at the end of any
applicable cure period (if the circumstances giving rise to Good
Reason are not cured), then Mr. Johnson will receive (a) any earned
but unpaid Base Salary and/or accrued but unused vacation, all
vested equity, and any earned but unpaid bonus awards through the
Date of Termination, plus an additional 12 months of Annual
Compensation, together in a lump sum payment; (b) acceleration of
any then-unvested stock options, restricted stock grants or other
equity awards; (c) payment or reimbursement, as applicable, of the
full health insurance costs for Mr. Johnson and his family under a
Company-provided group health plan or otherwise for 24 months, in
compliance with the provisions regarding deferred compensation
under Section 409A of the Internal Revenue Code of 1986, as
amended, if applicable; (d) if any bonus or other form of
additional compensation was paid to any other executives of the
Company for the fiscal year during which Mr. Johnson's employment
ceased pursuant to this Section 5(c), a cash amount equal to the
largest bonus or other form of additional compensation payment made
by the Company to any other executive of the Company during that
fiscal year; (e) reimbursement for any accrued but unused vacation
days and/or unreimbursed business expenses incurred by Mr. Johnson
in accordance with the Company's policy prior to the Date of
Termination; and (f) other Employee Benefits, if any, as to which
he may be entitled upon termination of employment.

Moreover, If Mr. Johnson resigns for Good Reason due to a Change of
Control, as defined in the Johnson Agreement, then he will be
entitled to payment of an additional 18 months of Annual
Compensation, not 12 months as provided in the previous paragraph,
along with payment of the other amounts and benefits as provided in
that paragraph.

Finally, Mr. Johnson's employment terminates upon his death and may
be terminated by the Company, within 10 days after the delivery of
a Notice of Termination by the Company to Mr. Johnson (or his legal
representative) in the event of his disability.  In such instances,
Mr. Johnson will receive the same payments and other items as he
would be entitled to receive if his employment was terminated for
other than Cause, or if he resigned for Good Cause, except that he
(in case of disability) or his estate (in the event of death) will
have the right to exercise any unexercised and vested options for a
period of 90 days, and, in addition, to receive payment for accrued
but unpaid vacation time, if any.

The Agreement is governed by the laws of the State of New York and
contains customary general contract provisions.

                       Singal Agreement

Additionally, the Company has amended the Employment Agreement of
Suneet Singal, entered into on May 17, 2017, to provide that Mr.
Singal's annual compensation will be set initially at $250,000;
that amount will be adjusted going forward as Mr. Singal
transitions to the provision of services to the Company on a
full-time basis. Mr. Singal will also be entitled to a bonus,
amount to be determined and subject to achieving certain
milestones, to be set by the Company's compensation committee
within 30 days after the committee receives a business plan for the
Company from Mr. Johnson and Suneet Singal, the Company's chief
executive officer, and he will be entitled to receive equity
compensation in an amount and with a vesting schedule to be
determined by the Company's compensation committee within 30 days
after receipt of the business plan.
  
       First Amendment to the Interest Contribution Agreement

On Aug0 3, 2017, the Company entered into a First Amendment to the
Interest Contribution Agreement, dated March 31, 2017, by and among
First Capital Real Estate Operating Partnership, L.P., First
Capital Real Estate Trust Incorporated, FC Global Realty Operating
Partnership, LLC and PhotoMedex, Inc., as modified by the Agreement
to Waive First Closing Deliverables, dated May 17, 2017, and the
Agreement to Waive Second Closing Deliverables, dated July 3, 2017.
Under the First Amendment, the Contributor Parties irrevocably
waived any conditions to the closings set under the Contribution
Agreement, including those conditions contained in Section 7 of the
Contribution Agreement that require the Company to maintain its
listing and active trading of its securities on any of the NASDAQ
markets.  The Contributor Parties also reaffirmed their obligation
to use their best efforts to satisfy the Mandatory Contribution
Conditions and contribute the Mandatory Entity Interests, both as
defined in the Contribution Agreement, on or before Dec. 31, 2017.
Additionally, the Acquiror Parties confirmed the Contributor
Parties' understanding that the failure of the Contributor Parties
to satisfy the Mandatory Contribution Conditions after using
commercially reasonable efforts to do so does not give rise to a
unilateral right of the Acquiror Parties to terminate the
Contribution Agreement pursuant to Article 10 of the Contribution
Agreement.

The First Amendment contains customary representations and
warranties and general contract terms.

                        About PhotoMedex

PhotoMedex, Inc., is a global health products and services company
providing integrated disease management and aesthetic solutions to
dermatologists, professional aestheticians, ophthalmologists,
optometrists, consumers and patients.  The Company provides
proprietary products and services that address skin conditions
including psoriasis, vitiligo, acne, actinic keratosis, photo
damage and unwanted hair, as well as fixed-site laser vision
correction services at its LasikPlus(R) vision centers.

As of March 31, 2017, Photomedex had $14.05 million in total
assets, $13.38 million in total liabilities and $677,000 in total
stockholders' equity.  

Photomedex reported a loss of $13.26 million for the year ended
Dec. 31, 2016, compared to a loss of $34.55 million for the year
ended Dec. 31, 2015.  

Fahn Kanne & Co. Grant Thornton Israel, in Tel-Aviv, Israel, issued
a "going concern" opinion on the consolidated financial statements
for the year ended Dec. 31, 2016, citing that as of Dec. 31, 2016,
the Company had an accumulated deficit of $115.6 million and
shareholders' deficit of $1.408 million.  Also, during the most
recent periods the Company has incurred losses and negative cash
flows from continuing operations and was forced to sell certain
assets and business units to obtain additional liquidity resources
to support its operations.  In addition, on Jan. 23, 2017, the
Company completed the sale of its consumer products division which
represented the sale of substantially all of the remaining
operations and assets of the Company.  These conditions, along with
other matters, raise substantial doubt about the Company's ability
to continue as a going concern.


PLAIN LEASING: Wants to Continue Using Cash Until Oct. 31
---------------------------------------------------------
Plain Leasing Inc. asks the U.S. Bankruptcy Court for the Central
District of California to approve the Debtor's second stipulation
with Bank of Hope for use of cash collateral through Oct. 31,
2017.

A hearing on the Debtor's request is scheduled for Aug. 23, 2017,
at 11:00 a.m.

As reported by the Troubled Company Reporter on July 17, 2017, the
Court approved a stipulation authorizing the Debtor to use cash
collateral.  The Bank was entitled to adequate protection of its
interests as set forth in the stipulation.  The TCR reported on
June 5, 2017, that the Debtor sought court permission to use of the
Bank's cash collateral through July 31, 2017, pursuant to the terms
of a stipulation with the Bank.

The Debtor and the Bank have now entered into a second stipulation
for use of cash collateral.  As set forth in the Second
Stipulation, the Bank has a blanket lien on all of the Debtor's
assets, including cash.  The Debtor is in the business of renting
out trucks and chassis and Debtor's assets consist of trucks and
chassis, which the Debtor rents out to third parties through rental
and lease agreements.  Rental and lease income is the sole source
of the Debtor's income.

Prepetition, the Debtor's loan from the Bank had a balance of no
less than $1,328,149.  That balance is secured by all of the
Debtor's assets, including trucks, chassis and rental and lease
income.

Under the loan with the Bank, the Debtor is required to make the
regular monthly payments in the aggregate amount of not less than
$30,366.14.  the Debtor was current on loan payments as of the 26
Petition Date and has remained current post petition.  The Debtor
has sufficient income to continue making loan payments to the Bank
and intends to remain current on loan payments.  The Second
Stipulation is for a limited interim period, which expires on Oct.
31, 2017.

The Debtor requests that the Court approve the Second Stipulation
so that Debtor can continued to use the Bank's cash collateral to
continue operating its business, paying ordinary business expenses
and continue to make loan payments to the Bank.

The Bank and the Debtor agree to extend the expiration date of the
Second Stipulation, in writing, without the need for a further
hearing.  The Bank and the Debtor request that the Court allow the
Bank and the Debtor to submit a subsequent written stipulation to
extend the expiration date of the Second Stipulation for Court
approval, without the need for a further hearing on the matter.

As for adequate protection, the Debtor will make the regular
monthly payments in the aggregate amount of not less than
$30,366.14 as they come due under the lease documents.  As further
adequate protection, the Bank is granted a replacement lien on the
rents, proceeds and profits of the prepetition collateral, with the
replacement Lien being a perfected security interest in and to the
post-petition collateral having the same extent, validity and
priority Bank had in the prepetition collateral on the Petition
Date.

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

           http://bankrupt.com/misc/cacb17-12539-69.pdf

                       About Plain Leasing

Plain Leasing, Inc., in the business of renting out trucks and
chassis, filed a Chapter 11 bankruptcy petition (Bankr. C.D. Cal.
Case No. 17-12539) on March 2, 2017, estimating under $1 million in
both assets and liabilities.  The Debtor's counsel is Joon M.
Khang, Esq., at Khang & Khang LLP.


PROJECT SILVERBACK: Moody's Assigns B3 Corporate Family Rating
--------------------------------------------------------------
Moody's Investors Service assigned a B3 Corporate Family Rating to
first time issuer Project Silverback Holding Corp, the parent
company of software provider, Sparta Systems Inc. Moody's also
assigned B2 ratings to the company's proposed first lien debt
facilities. The first lien debt along with an unrated second lien
term loan and new equity is being used to finance the acquisition
of Sparta by private equity firm New Mountain Capital. The ratings
outlook is stable.

RATINGS RATIONALE

The company's B3 Corporate Family Rating is driven by the very high
closing leverage, modest free cash flow and limited scale. The
ratings also consider the company's leading niche position in the
quality management systems (QMS) software market for pharmaceutical
and medical device providers and expectation of continued
mid-single digit growth. Run rate leverage based on trailing March
2017 results is estimated in the high 7's and free cash flow to
debt at 3-4% pro forma for the new debt, in line with metrics at
other B3 rated software companies. Though the company is small
(annual revenues of approximately $113 million) relative to other
rated private equity owned software companies, its integrated
systems to track quality issues through the supply and distribution
chain are critical to pharmaceutical and medical device makers.
Sparta is estimated to be the largest provider of QMS software to
the major players in the pharmaceutical industry.

The stable outlook reflect Moody's expectations of continued
moderate growth and moderate acquisition activity. In the absence
of acquisitions, leverage should trend to well under 7x (under 6x
on a cash EBITDA basis) and free cash flow to debt should trend
above 5% over the next two years.

The ratings could be downgraded if performance declines, leverage
is sustained above 8x or free cash flow is negative. The ratings
could be upgraded if leverage trends below 6.5x (5.5x on a cash
EBITDA basis) and free cash flow to debt trends above 7%.

Liquidity is adequate based on an undrawn $25 million revolver,
limited cash and modest but positive free cash flow over the next
year.

Assignments:

Issuer: Project Silverback Holding Corp.

-- Probability of Default Rating, Assigned B3-PD

-- Speculative Grade Liquidity Rating, Assigned SGL-3

-- Corporate Family Rating, Assigned B3

-- Senior Secured First Lien Bank Term Loan, Assigned B2 (LGD3)

-- Senior Secured First Lien Bank Revolving Credit Facility,
    Assigned B2 (LGD3)

Outlook Actions:

Issuer: Project Silverback Holding Corp.

-- Outlook, Assigned Stable

The principal methodology used in these ratings was Software
Industry published in December 2015.

Sparta Systems, Inc. is a provider of quality management software
systems to the pharmaceutical and medical device industries. The
company, headquartered in Hamilton Township, NJ had revenues of
approximately $113 million for the twelve months ended March 2017.


PROJECT SILVERBACK: S&P Gives B- CCR, Rates $265MM 1st Lien Debt B-
-------------------------------------------------------------------
S&P Global Ratings assigned its 'B-' corporate credit rating to
Project Silverback Holdings Corp., the parent company of Hamilton,
N.J.-based Sparta Systems Inc. The outlook is stable.

S&P said, "At the same time, we assigned our 'B-' issue-level
rating and '3' recovery rating to the company's $265 million
first-lien credit facility, consisting of a $25 million revolving
credit facility due 2022 and a $240 million first-lien term loan
due 2024. The '3' recovery rating indicates our expectation of
meaningful (50%-70%; rounded estimate 60%) recovery in the event of
a default. In addition, we assigned our 'CCC' issue-level rating
and '6' recovery rating to the company's $75 million second-lien
term loan due 2025. The '6' recovery rating indicates our
expectation of negligible (0%-10%; rounded estimate 5%) recovery in
the event of a default."

"The rating on Project Silverback reflects our view of Sparta
Systems' limited scale focusing on the highly fragmented quality
management systems (QMS) market and its biopharma industry
concentration, partly offset by its high customer retention rates
and above-average adjusted EBITDA margins," said S&P Global Ratings
credit analyst Geoffrey Wilson.

The stable outlook reflects S&P's expectation that the company will
maintain its good market position and strong retention rates in the
highly fragmented QMS industry.


PUERTO RICO: Committee Tasked to Conduct Debt Probe Appointed
-------------------------------------------------------------
The Financial Oversight and Management Board for Puerto Rico,
created by Congress under the bipartisan Puerto Rico Oversight,
Management and Economic Stability Act ("PROMESA" or the "Act"),
announced on Aug. 2, 2017, its intention to conduct a comprehensive
investigation of Puerto Rico's debt and its relationship to the
fiscal crisis and to form a special committee of the Oversight
Board to carry out such investigation, including through the
appointment by the special committee of an independent
investigator.

On Aug. 8, the Oversight Board said it has appointed to the Special
Investigation Committee Board members Jose B. Carrion, Arthur J.
Gonzalez, Ana J. Matosantos and David A. Skeel, Jr.

The Oversight Board is delegating to the Special Committee its
authority to "investigate the disclosure and selling practices in
connection with the purchase of bonds issued by a covered territory
for or on behalf of any retail investors including any
underrepresentation of risk for such investors and any
relationships or conflicts of interest maintained by such broker,
dealer, or investment adviser . . . as provided in applicable laws
and regulations."

                       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: Gibson Dunn Files Challenge to Oversight Board
-----------------------------------------------------------
Gibson Dunn on Aug. 7, 2017, filed a constitutional challenge to
the Puerto Rico oversight board, suggesting the Board is acting
without transparency, accountability, or oversight, which could
impact all of those different kinds of holders of PR debt.

On behalf of funds managed by Aurelius Capital ("Aurelius"), Gibson
Dunn filed the objection and motion to dismiss the Commonwealth's
Title III proceeding on the ground that the appointments of the
members of the Puerto Rico Oversight Board violate the Appointments
Clause of the United States Constitution.

Theodore B. Olson will serve as Aurelius's lead counsel in this
matter.  He will be assisted by his partners Matthew D. McGill and
Helgi Walker.  Mr. McGill previously represented creditors of
Puerto Rico before the Supreme Court in their successful challenge
to Puerto Rico's "Recovery Act," which attempted to set up a
bankruptcy regime for Puerto Rico under Puerto Rican law.  
Ms. Walker leads, along with Mr. Olson, a pending and historic
separation of powers challenge to the Consumer Financial Protection
Board, in which they prevailed before a panel of the D.C. Circuit.

Aurelius also has filed a motion for relief from the automatic stay
imposed by PROMESA so that Aurelius may seek in district court
declaratory and injunctive relief that would prohibit the Board
from operating until it is reconstituted in compliance with the
Appointments Clause.

The following quote may be attributed to Theodore B. Olson of
Gibson, Dunn & Crutcher LLP:

"The members of the Oversight Board were appointed in blatant
violation of the Appointments Clause of the Constitution.  This
constitutional problem with the Board has been obvious ever since
the legislation creating it was debated in Congress, with at least
one Senator openly warning of the defect -- so this suit comes as
no surprise.  Whether or not one agrees with the policy positions
of the Board, foundational legal principles require that it be
constituted in compliance with the Constitution."

A copy of the Objection and Motion of Aurelius to Dismiss Title III
Petition is available for free at:

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

A copy of the Motion of Aurelius for Relief from Automatic Stay is
available for free at:

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

                      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.


QUIZHPI CAB: Case Summary & Unsecured Creditor
----------------------------------------------
Debtor: Quizhpi Cab Corp.
        23-31 30th Drive, First Floor
        Astoria, NY 11102

Type of Business:     Quizhpi Cab Corp. is located in Astoria, New
                      York and is listed as an active domestic
                      business corporation.  Founded in 2009,
                      Quizhpi Cab Taxi provides taxi and limousine
                      services.  It is a small business Debtor as
                      defined in 11 U.S.C. Section 101(51D).

Chapter 11 Petition Date: August 7, 2017

Case No.: 17-44085

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

Judge: Hon. Carla E. Craig

Debtor's Counsel: Alla Kachan, Esq.
                  LAW OFFICES OF ALLA KACHAN, P.C.
                  3099 Coney Island Avenue, 3rd Floor
                  Brooklyn, NY 11235
                  Tel: (718) 513-3145
                  Fax: (347) 342-3156
                  E-mail: alla@kachanlaw.com

Total Assets: $10,010

Total Liabilities: $1.23 million

The petition was signed by Nelly Lucero, president.

The Debtor's list of 20 largest unsecured claims has a single
entry: Melrose Credit Union, with an unknown amount of unsecured
claim.

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

            http://bankrupt.com/misc/nyeb17-44085.pdf


RAUL POSADA: Summary Judgment Bid in Clawback Suit Denied
---------------------------------------------------------
Judge Brian K. Tester of the U.S. Bankruptcy Court for the District
of Puerto Rico denies the Motion for Summary Judgment filed by Raul
Andres Benavides-Posada and Leticia Angela, as well as Banco
Popular de Puerto Rico's Opposition to Plaintiff's Motion for
Summary Judgment and Cross Motion for Summary Judgment because of
evidentiary insufficiency.

Accordingly, Judge Tester has directed the Clerk to schedule a
final pre-trial hearing with the joint pre-trial report due by the
parties seven days prior to the hearing.

On December 31, 2007, the Debtors obtained a mortgage loan and
signed mortgage deed number 1478 over their real property. The
mortgage deed was originally filed with the Registry of Property of
Puerto Rico on January 17, 2008, and on May 24, 2012, the Registry
notified certain defects which prevented its recordation.
Subsequently, on August 17, 2016, Banco Popular de Puerto Rico
filed with the Registry mortgage deed number 1478, dated December
31, 2007, over the Debtors' property.

On December 12, 2016, after their bankruptcy filing, the Debtors
also filed a Complaint to Avoid and Recover Preferential Transfers,
to recover property of the estate pursuant to the Bankruptcy Code,
and filed a Motion for Summary Judgment on January 2, 2017.
Responding to the Debtors' request, Banco Popular presented an
opposition to the summary judgment and cross-motion requesting
summary judgment.

Under Puerto Rico law, a mortgage is validly constituted only if it
is "stipulated in a deed" that is "recorded in the Property
Registry." Without the recording, "a creditor only has an unsecured
personal obligation regarding the underlying debt."

Section 547 of the Bankruptcy Code governs the avoidance of
preferential transfers and requires that five factors be
established in order to successfully sustain a preference action.
Section 547(b) states, in pertinent part, that: the trustee may
avoid any transfer of an interest of the debtor in property --

     (1) to or for the benefit of a creditor;

     (2) for or on account of an antecedent debt owed by the debtor
before such transfer was made;

     (3) made while the debtor was insolvent;

     (4) made . . . (A) on or within 90 days before the date of the
filing of the petition; or (B) between 90 days and one year before
the date of the filing of the petition, if such creditor at the
time of such transfer was an insider; and

     (5) that enables such creditor to receive more than such
creditor would receive if -- (A) the case were a case under chapter
7 of this title; (B) the transfer had not been made; and (C) such
creditor received payment of such debt to the extent provided by
the provisions of this title.

The Court cites that U.S. Supreme Court articulated the purpose of
section 547 to be twofold: (1) to provide protection to the
debtor's assets by discouraging creditors from running to the
courthouse to force collection as the debtor slides into
bankruptcy; and, (2) to insure that the policy behind the Code
requiring that all creditors be treated fairly and equally, is not
violated as a result thereby.

The Court finds the following undisputed facts:

     (1) The deed presentation in the Registry of Property by Banco
Popular on the date of August 17, 2016, constitutes a transfer of
an in interest of the Debtors in property to or for the benefit of
a creditor.

     (2) Such transfer of property was for or on account of an
antecedent debt owed by the Debtors before such transfer was made
-- the deed presented in the Registry of Property by the Defendant
on August 17, 2016, constitutes the attempt of recordation of a
lien on Debtors' property, regarding a loan incurred by the Debtors
in 2007 with such creditor.

     (3) At the time the transaction was effectuated, the Debtors
were insolvent -- the deed presentation in the Registry of Property
occurred on August 17, 2016, and the Debtors' petition for relief
was filed on September 16, 2016. Therefore, the transaction
occurred within 90 days pre petition in which time the Debtors are
presumed to be insolvent under section 547(f) and so the insolvency
requirement is met.

     (4) The transfer of interest in property was "made on or
within 90 days before the date of filling of the petition." In the
case at bar, if the recordation of the deed were granted in the
foreseeable future by the Registry of Property under the August 16,
2016 presentation, such transfer in interest in property, backdates
to the date of presentation for recordation. This means, that the
time in which the transaction was perfected falls within the
"reach-back" of the 90 days pre-petition under Section 547.

Accordingly, the Court concludes that the five requirements under
section 547 are not established by undisputed evidence.
Particularly, because one remaining requirement under section 547,
which was not addressed, is "whether that transaction enabled such
creditor to receive more than such creditor would receive if the
case were a case under chapter 7 of this title, and such
transaction was not made."

From the motions and documents presented by the Plaintiffs and
Defendant, such material fact was not established. Therefore,
because of this evidentiary insufficiency, the Court is unable to
dispose of the controversy at hand via summary judgment, pursuant
to Federal Rules of Civil Procedure, Rule 56(c).

A full-text copy of the Opinion and Order dated July 27, 2017, is
available at https://is.gd/5k9l10 from Leagle.com.

Raul Andres Benavides-Posada and Leticia Angela Mendez-Gonzalez
filed their voluntary petition under Chapter 11 (Bankr. D.P.R. Case
No. 16-07417) on September 16, 2016. The Debtors are represented
by: Wanda I. Luna Martinez, Esq.

Banco Popular de Puerto Rico is represented by Eyck O. Lugo Rivera,
Esq. at Edge Legal Strategies PSC & Sergio A. Ramirez de Arellano.


RESOLUTE ENERGY: Appoints Two New Directors to Board
----------------------------------------------------
The Board of Directors of Resolute Energy Corporation appointed
Tod C. Benton as a Class II director of the Company and Janet W.
Pasque as a Class III director of the Company.

Tod Benton served as a vice chair for the Energy Group of BMO
Capital Markets in the U.S. from February 2014 through July 2017.
As a Vice Chair, Mr. Benton served primarily as a senior
relationship contact for key relationships.  Mr. Benton retired
from BMO Capital Markets effective July 31, 2017.  From February
2007 through January 2014, Mr. Benton was the Head of Energy
Investment Banking in the U.S. for BMO Capital Markets.  Mr. Benton
managed the Energy Investment Banking team with coverage of
approximately 100 energy clients.  During that time, Mr. Benton was
involved in numerous M&A, A&D, equity and debt capital markets
transactions.  From July 2004 through January 2007, Mr. Benton was
the Head of Corporate Banking for Energy, Utilities and Chemicals
at Deutsche Bank.  As Head of the group, Mr. Benton managed a team
of corporate bankers with a focus on the energy sector.  Mr. Benton
was a managing director at JP Morgan and predecessor companies from
November 1987 through July 2004.  During that time, Mr. Benton
worked predominately with oil and gas companies as an advisor and
capital raising partner.  As a senior member of the leveraged
finance group, Mr. Benton was involved in acquisition finance and
general capital-raising for small to large cap energy companies.
Mr. Benton holds a B.S. in Civil Engineering from Youngstown State
University and an M.B.A. in Finance from the University of
Houston.

Janet Pasque has been involved in various consulting activities
related to the energy industry since January 2011.  From the
Company's inception in 2004 to December 2010, Ms. Pasque was an
officer of Resolute and its predecessor entities in charge of the
land and business development functions.  From 2003 until the
founding of the Resolute's predecessor entity in 2004, Ms. Pasque
served as a land consultant to multiple oil and gas companies.
From 1993 until the acquisition of the company in 2001, Ms. Pasque
was a vice president of HS Resources where she had responsibility
for the land department and joint responsibility for the company's
exploration activities.  Following the acquisition of HS Resources
by Kerr-McGee in 2001 until 2003, Ms. Pasque managed the land
functions at Kerr-McGee Rocky Mountain Corp.  From 1989 until
joining HS Resources in 1993, Ms. Pasque was a consultant to a
privately funded drilling venture focused on exploration in the
Rocky Mountain region.  Ms. Pasque also worked for Champlin
Petroleum Company from 1982 to 1989 and for Texaco Inc. from 1980
until 1982, focused on land acquisitions and drilling agreements in
California, Alaska and the Rocky Mountain region.  Ms. Pasque
received a B.S. in Business Administration with a concentration in
Finance and Real Estate from Colorado State University.

In conjunction with their appointments to the Board, Mr. Benton has
been designated to serve on the Audit Committee and the
Compensation Committee and Ms. Pasque has been designated to serve
on the Compensation Committee and the Corporate Governance /
Nominating Committee.

There is no arrangement or understanding (i) between Mr. Benton and
any other person pursuant to which he was selected to serve as a
director or (ii) between Ms. Pasque and any other person pursuant
to which she was selected to serve as a director. Additionally,
there are no transactions involving the Company and either Mr.
Benton or Ms. Pasque that the Company would be required to report
pursuant to Item 404(a) of Regulation S-K.

Mr. Benton and Ms. Pasque will receive pro rated equity and cash
compensation for 2017 in accordance with the Company's standard
director compensation arrangements as described in its Proxy
Statement.

                      About Resolute Energy

Resolute Energy Corp. -- http://www.resoluteenergy.com/-- is an
independent oil and gas company focused on the acquisition,
exploration, exploitation and development of oil and gas
properties, with a particular emphasis on liquids focused,
long-lived onshore U.S. opportunities.  Resolute's properties are
located in the Paradox Basin in Utah and the Permian Basin in Texas
and New Mexico.

Resolute reported a net loss of $161.7 million in 2016 following a
net loss of $742.27 million in 2015.  

As of March 31, 2017, Resolute Energy had $489.6 million in total
assets, $565.5 million in total liabilities, and a total
stockholders' deficit of $75.93
million.

                        *    *    *

As reported by the TCR on Feb. 27, 2017, Moody's Investors Service
upgraded Resolute Energy Corporation's Corporate Family Rating
(CFR) to 'B3' from 'Caa2', the Probability of Default Rating to
'B3-PD' from 'Caa2-PD' and its senior unsecured notes rating to
'Caa1' from 'Caa3'.  The Speculative Grade Liquidity rating was
affirmed at SGL-3.  The rating outlook was changed to stable.

"The upgrade to B3 reflects Resolute's improved capital structure,
continued strong drilling results and improved production and
drilling economics, which provide good visibility to continued
growth in a mid $40s oil price environment without increasing debt
leverage," noted John Thieroff, Moody's VP-Senior Analyst.  "We
expect moderation in the company's reserve- and production-based
debt metrics from significant production growth at very competitive
drillbit costs."

The TCR reported on May 15, 2017, that S&P Global Ratings assigned
its 'B-' corporate credit rating to Resolute Energy Corp. (REN).
The rating outlook is stable.  "The corporate credit rating
reflects our assessment of REN's business risk profile as
vulnerable, its financial risk profile as aggressive, and its
liquidity as less than adequate, said S&P Global Ratings credit
analyst, David Lagasse.


RESOLUTE ENERGY: Will Hold 'Say-on-Pay' Votes Annually
------------------------------------------------------
Resolute Energy Corporation filed an amendment to the Current
Report on Form 8-K filed by the Company with the U.S. Securities
and Exchange Commission on May 12, 2017.  The sole purpose of the
Amendment No. 1 is to disclose, as required by SEC regulations, the
Company's determination of the frequency of future stockholder
advisory votes regarding the compensation of the Company's named
executive officers.  No other changes have been made to the
Original Filing.

As reported by the Company in the Original 8-K Filing, at the
Company's 2017 Annual Meeting of Stockholders held on May 12, 2017,
a plurality of the Company's stockholders approved, on an advisory
basis, holding future Say-on-Pay Votes on an annual basis.  After
considering the outcome of such advisory stockholder vote, the
Company's Board of Directors determined on Aug. 1, 2017, that the
Company will continue to hold a Say-on-Pay Vote every year, with
the next Say-on-Pay Vote to be held at the Company's 2018 Annual
Meeting of Stockholders.  The next advisory stockholder vote on the
frequency of future Say-on-Pay votes will be held no later than at
the Company's 2023 Annual Meeting of Stockholders.

                     About Resolute Energy

Resolute Energy Corp. -- http://www.resoluteenergy.com/-- is an
independent oil and gas company focused on the acquisition,
exploration, exploitation and development of oil and gas
properties, with a particular emphasis on liquids focused,
long-lived onshore U.S. opportunities.  Resolute's properties are
located in the Paradox Basin in Utah and the Permian Basin in Texas
and New Mexico.

Resolute reported a net loss of $161.7 million in 2016 following a
net loss of $742.3 million in 2015.  

As of March 31, 2017, Resolute Energy had $489.6 million in total
assets, $565.5 million in total liabilities, and a total
stockholders' deficit of $75.93 million.

                           *    *    *

As reported by the TCR on Feb. 27, 2017, Moody's Investors Service
upgraded Resolute Energy Corporation's Corporate Family Rating
(CFR) to 'B3' from 'Caa2', the Probability of Default Rating to
'B3-PD' from 'Caa2-PD' and its senior unsecured notes rating to
'Caa1' from 'Caa3'.  The Speculative Grade Liquidity rating was
affirmed at SGL-3.  The rating outlook was changed to stable.

"The upgrade to B3 reflects Resolute's improved capital structure,
continued strong drilling results and improved production and
drilling economics, which provide good visibility to continued
growth in a mid $40s oil price environment without increasing debt
leverage," noted John Thieroff, Moody's VP-Senior Analyst.  "We
expect moderation in the company's reserve- and production-based
debt metrics from significant production growth at very competitive
drillbit costs."

The TCR reported on May 15, 2017, that S&P Global Ratings assigned
its 'B-' corporate credit rating to Resolute.  The rating outlook
is stable.  "The corporate credit rating reflects our assessment of
REN's business risk profile as
vulnerable, its financial risk profile as aggressive, and its
liquidity as less than adequate, said S&P Global Ratings credit
analyst, David Lagasse.


ROBERT T WINZINGER: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------------
Debtor: Robert T. Winzinger, Inc.
        P.O. Box 537
        Hainesport, NJ 08036

Type of Business: Founded in 1960, Winzinger is a full-service
                  contractor for roads, excavation, land
                  development and demolition, utility and
                  marine construction, and recycling technologies.

                  Winzinger is certified as a: W.B.E. with the NJ
                  Dept. of Treasury - Division of Property
                  Management & Construction; Licensed Contractor
                  with City of Philadelphia; Small Business
                  Enterprise with the City of Philadelphia; Small
                  Business Enterprise with the State of New
                  Jersey; Public Works Contractor with the State
                  of New Jersey; Home Improvement Contractor with
                  the State of New Jersey Division of Consumer
                  Affairs; and Maintains a Certificate of Employee

                  Report with the State of New Jersey.

                  Web site: http://winzinger.com/

Chapter 11 Petition Date: August 7, 2017

Case No.: 17-25972

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

Judge: Hon. Kathryn C. Ferguson

Debtor's Counsel: David A. Kasen, Esq.
                  KASEN & KASEN
                  1874 East Route 70, Suite 3
                  Cherry Hill, NJ 08003
                  Tel: (856) 424-4144
                  E-mail: dkasen@kasenlaw.com

Estimated Assets: $10 million to $50 million

Estimated Debt: $1 million to $10 million

The petition was signed by Audrey Winzinger, vice president,
secretary, and treasurer.  A full-text copy of the petition is
available for free at http://bankrupt.com/misc/njb17-25972.pdf

Debtor's List of 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Ballard Spahr LLP                  Legal Services        $161,704

CAT Financial                      Lease of CAT          $203,855
                                   972M Wheel
                                      Loader

City of Philadelphia                Transport            $141,409

Deere Credit, Inc.                Lease of Deere         $229,609
                                   844K Loader

Denis Germano                     Legal Services          $26,784

Galloway Township                Block 1104, Lot 1        $20,594
Tax Collector                    Jimmie Leeds Rd.,
                                 Galloway, Twp., NJ

IUOE of E.P.A. &                   Union Benefits         $67,114
DE. Benefit Pension Fund

Kemper Equipment Inc.             Equipment Parts         $17,713

Majestic Oil Company                   Fuel               $82,407

NJ Building Construction                                  $86,041

BJ Building Laborers                                      $52,921
Benefit Funds Local 332

Old Public Construction             Insurance            $119,960
Program GRP                           Audit

Operating Engineers Local 825                            $170,830

Orthodox Street Properties, LLC     Terminated            $54,998
                                       Lease

Peoples United Equipment             Late Fees            $17,893
Finance Corp

Promac Mid Atlantic Inc.           Misc. Parts for        $33,079
                                     equipment

RMCB                                   Ezpass            $112,119

Signature Financial                  14 Sandvik          $118,881
                                   Qi-341 Impactor

T&M Associates                      Environmental         $19,281
                                      testing

Teamsters Local 676 and                                   $27,291
Employer Annuity Fund and
Teamsters Local 676 and
Employers Vacation Fund


RXI PHARMACEUTICALS: Has Until Jan 2018 to Regain Nasdaq Compliance
-------------------------------------------------------------------
On Feb. 2, 2017, RXi Pharmaceuticals Corporation received written
notice from the Nasdaq Stock Market notifying the Company that it
was not in compliance with the minimum bid price requirements set
forth in Nasdaq Listing Rule 5550(a)(2) for continued listing on
The Nasdaq Capital Market, because the bid price of the Company's
common stock had closed below the minimum $1.00 per share for the
30 consecutive business days prior to the date of the Notification
Letter.  In accordance with Nasdaq listing rules, the Company was
afforded 180 calendar days, or until Aug. 1, 2017, to regain
compliance with Nasdaq Listing Rule 5550(a)(2).

The Company was unable to regain compliance with the bid price
requirement by Aug. 1, 2017.  Pursuant to Nasdaq Listing Rule
5810(c)(3)(A)(ii), on Aug. 2, 2017, Nasdaq granted the Company an
additional 180 calendar days, or until Jan. 29, 2018, to regain
compliance with the bid price requirement.  The Nasdaq
determination was based on the Company meeting the continued
listing requirement for market value of publicly held shares and
all other applicable requirements for initial listing on the
Capital Market, with the exception of the bid price requirement,
and the Company’s written notice of its intention to cure the
deficiency during the second compliance period by effecting a
reverse stock split, if necessary.

To regain compliance, the bid price of the Company's common stock
must have a closing bid price of at least $1.00 per share for a
minimum of 10 consecutive business days at any time during the
second 180-day compliance period.  The Company intends to monitor
the closing bid price of its common stock and may, if appropriate,
consider implementing available options, including a reverse stock
split, to regain compliance with the minimum bid price requirement
under the Nasdaq listing rules.

                           About RXi

RXi Pharmaceuticals Corporation --  http://www.rxipharma.com/-- is
a biotechnology company focusing on discovering and developing
therapies primarily in the areas of dermatology and ophthalmology.
The Company develops therapies based on siRNA technology and
immunotherapy agents.  Its clinical development programs include
RXI-109, a self-delivering RNAi compound, which is in Phase IIa
clinical trial that is used to prevent or reduce dermal scarring
following surgery or trauma, as well as for the management of
hypertrophic scars and keloids; and Samcyprone, an immunomodulation
agent, which is in Phase IIa clinical trial for the treatment of
various disorders, such as alopecia areata, warts, and cutaneous
metastases of melanoma.  The Company's preclinical program includes
the development of products
for ocular indications with RXI-109, including retinal and corneal
scarring.  Its discovery stage development programs include a
dermatology franchise for the discovery of collagenase and
tyrosinase targets for its RNAi platform; and ophthalmology
franchise, a program for the discovery of sd-rxRNA compounds for
oncology indications, including retinoblastoma.  The company was
incorporated in 2011 and is headquartered in Marlborough, Mass.

RXi reported a net loss applicable to common stockholders of $11.06
million for the year ended Dec. 31, 2016, a net loss applicable to
common stockholders of $10.43 million for the year ended Dec. 31,
2015, and a net loss applicable to common stockholders of $12.93
million for the year ended Dec. 31, 2014.  As of March 31, 2017,
RXi had $10.51 million in total assets, $2.26 million in total
liabilities, all current, and $8.24 million in total stockholders'
equity.


SABBATICAL INC: U.S. Trustee Allowed to Appoint Chapter 11 Trustee
------------------------------------------------------------------
Judge Frank W. Volk of the U.S. Bankruptcy Court for the Southern
District of West Virginia denied Sabbatical's Motion to Reconsider
Order Granting U.S. Trustee['s] Motion to Appoint Chapter 11
Trustee.

The Court granted the U.S. Trustee's Motion to Appoint Chapter 11
Trustee on March 24, 2017, following a hearing held over two days
in November 2016. Sabbatical seeks reconsideration pursuant to
Federal Rule of Civil Procedure 59(e).

Sabbatical asserts several putative errors in the Trustee Order.
Judge Volk, however, finds that the putative errors identified by
Sabbatical are errant and fall well short of satisfying the
demanding burden imposed by Rule 59. Sabbatical asserts, at best, a
different interpretation of the evidence. In the final analysis,
the Court was free to weigh the admissible evidence, draw
reasonable inferences therefrom, and appropriately categorize the
disquieting practice of frequent and sometimes unexplained
transfers throughout the coal enterprise. At bottom, the management
concerns advanced by Peoples Bank and, importantly, the UST, are
well-founded and warrant the redress sought.

Judge Volk, thus, denies Sabbatical's motion and directs the
Clerk's Office to transmit a copy of this written opinion and order
to all persons entitled to notice and to reflect the same on the
Sabbatical, Inc., and jointly administered Dennis Johnson dockets.

A full-text copy of Judge Volk's Memorandum Opinion and Order dated
August 2, 2017, is available at:

      http://bankrupt.com/misc/wvsb3-16-30227-670.pdf

                   About Sabbatical Inc.

Sabbatical, Inc., sought protection under Chapter 11 of the
Bankruptcy Code in the Southern District of West Virginia
(Huntington) (Case No. 16-30247) on May 18, 2016. The petition was
signed by Dennis Johnson, president. The case is assigned to Judge
Frank W. Volk. The Debtor estimated both assets and liabilities in
the range of $1 million to $10 million.

Sabbatical, Inc.'s Chapter 11 case is jointly administered with
the
other Dennis Johnson cases, with the lead case captioned at
3:16-bk-30227.

An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of Sabbatical, Inc., as of Dec.
2,
according to a court docket.


SCRANTON, PA: S&P Hikes GO Debt Rating to BB+ on Improved Liquidity
-------------------------------------------------------------------
S&P Global Ratings raised its rating on Scranton, Pa.'s general
obligation (GO) debt one notch to 'BB+' from 'BB' and assigned its
'BB+' rating to the city's series 2017 GO bonds. The outlook is
stable.

The rating action reflects S&P Global Ratings' opinion of the
city's improved budgetary flexibility and liquidity, bolstered in
large part by proceeds from the sale of its sewer system.

Over the past year, the city successfully sold its sewer system and
used a majority of sale proceeds to retire more than $40 million in
outstanding high-coupon debt. In addition, the city successfully
suspended its cost-of-living-adjustments and intends to apply a
portion of sewer system sale proceeds to pension funding. While
these actions are expected to significantly lower the city's annual
retirement and debt costs over the near term, S&P Global Ratings
believes the city still lacks a realistic long-term plan to address
its severely underfunded pensions. Without a credible plan, S&P
Global Ratings is not certain the city will be able to address any
significant contribution increases adequately over the long term.
Therefore, S&P Global Ratings' assessment of management conditions
is likely to remain weak.

"We could raise the rating if liquidity were to improve and if
management were to address fixed costs. In addition, while
budgetary performance should improve in fiscal years 2017 and 2018,
the city will need to sustain these results to demonstrate
structural balance and continue to strengthen budgetary
flexibility," said S&P Global Ratings credit analyst Linda Yip. "If
the city cannot adequately address fixed costs, creating further
budgetary pressure that results in weaker budgetary performance,
flexibility, or liquidity, we could lower the rating."

The stable outlook reflects S&P Global Ratings' opinion that the
city will likely maintain, at least, adequate budget flexibility
over the next two fiscal years. However, Scranton still faces
substantial fixed costs associated with its pension and
debt-service obligations. While the city's annual debt-service
costs should decrease due to recent refundings, the city still
lacks a credible plan to address its low-funded pensions, which
will continue to pressure the budget.

S&P Global Ratings understands officials intend to use series 2017
bond proceeds to current refund the city's series 2003B GO bonds
for a net present value savings of about $1.4 million, shortening
the overall maturity by two years; the series 2017 bonds mature in
2029.


SHORB DCE: Wants to Obtain $1.7 Million in DIP Financing
--------------------------------------------------------
Shorb DCE, LLC, asks for authorization from the U.S. Bankruptcy
Court for the Central District of California to enter into
negotiations to refinance the loans secured by existing liens on
its property located at 910-912 Shorb Street, Alhambra, California
91803.

A hearing to consider the Debtor's request will be held on Aug. 22,
2017, at 2:00 p.m.

The Debtor seeks financing that will be used to pay off the all
lienholders on the Property.  The refinancing will allow Debtor to
payoff the outstanding amounts owed to East West Bank, William B.
Wright, and James Wang; and obtain a new loan in the amount of
$1,700,000.

The Debtor therefore believes that the refinancing is in the best
interest of the Estate because all secured creditors will be paid
in full.

At the hearing held on June 27, 2017, the Court ordered that
creditor Mr. Wright's motion to convert this Chapter 11 case was to
be continued to Aug. 22, 2017, at 2:00 p.m.  The Court noted that
if the Debtor did not sell its property and provided payment of its
creditors and the creditors of Las Tunas by Aug. 22, the Court
would proceed with the hearing on the motion to convert.  In a good
faith effort to sell the Property, the Debtor was able to find few
potential buyers.  The purchase offer the Debtor received was in
the amount of $2,250,000, but subject to a carry back amount of at
least $200,000.  

Given that the amount owed under the first and second mortgage is
at least $1,259,000, and after an estimated $867,000 due in capital
gains taxes (federal and state) from the resulting sale, the Debtor
could not complete the sale.  The result of the sale would be that
the Property sold for an amount substantially lower than fair
market value, and would not tender enough proceeds to pay the
Debtor's secured or unsecured creditors in full.  The Debtor felt
it was not in its best interests, or the creditors' interests.  As
an alternative, the Debtor is proposing a refinancing loan at the
rate of 10.00% and which provides for eighteen months of interest
only payments.

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

           http://bankrupt.com/misc/cacb17-14240-77.pdf

                         About Shorb DCE

Shorb DCE, LLC, owns an 11-unit apartment building located at at
910-912 W. Shorb Street, Alhambra, California 91803 with a
valuation of $2.6 million.  Shorb DCE, LLC, is California Limited
Liability Company owned by David Kwok and Curt Wang.

Shorb DCE, LLC, is an affiliate of Las Tunas DCE, LLC, which sought
bankruptcy protection on April 6, 2017 (Bankr. C.D. Cal. Case No.
17-14239).

Shorb DCE filed a Chapter 11 petition (Bankr. C.D. Cal. Case No.
17-14240) on April 6, 2017.  David Kwok, co-manager, signed the
petition.  At the time of filing, the Debtor disclosed $2.6 million
in assets and $1.22 million in liabilities.  The case is assigned
to Judge Julia W. Brand.  The Debtor is represented by Kevin Tang,
Esq., at Tang & Associates.


SIERRA HAMILTON: Moody's Withdraws 'C' Corporate Family Rating
--------------------------------------------------------------
Moody's Investors Service has withdrawn all assigned ratings for
Sierra Hamilton LLC (Sierra Hamilton) including the C Corporate
Family Rating and the C senior secured rating on Sierra Hamilton's
secured notes following the company's announcement it issued equity
to its creditors in exchange for all of its outstanding rated
debt.

Issuer: Sierra Hamilton, LLC

Ratings Withdrawn:

-- Corporate Family Rating, Withdrawn, previously rated C

-- Probability of Default Rating, Withdrawn , previously rated
    C-PD

-- Senior Secured Notes Rating, Withdrawn, previously rated C
    (LGD5)

Outlook Actions:

-- Outlook, Changed To Rating Withdrawn From Stable

RATINGS RATIONALE

The company announced on July 31 that it had extinguished its rated
debt through an agreement with its lenders to exchange its $110
million in senior secured notes for equity. This extinguishment of
debt is the resolution of Sierra Hamilton's December 15, 2016
missed interest payment on the notes.

Sierra Hamilton primarily provides on-site supervision personnel to
oil & gas companies engaged in exploration, drilling, completion
and production.


SOOUM CORP: Hall & Company Raises Going Concern Doubt
-----------------------------------------------------
SoOum Corp. filed with the U.S. Securities and Exchange Commission
its annual report on Form 10-K for the year ended December 31,
2016.

Hall & Company Certified Public Accountants and Consultants in
Irvine, Calif., have expressed "substantial doubt" about the
Company's ability to continue as a going concern stating that
although the Company has established a source of revenues to cover
certain of its operating costs, it incurred a loss in 2016 and
cannot support a salary for its chief executive officer.

For the three months ended December 31, 2016, SoOum listed a net
loss of $346,857 on $638,660 of net revenues.

At December 31, 2016, SoOum had total assets of $3.85 million,
total liabilities of $9.94 million, and $6.10 million in total
stockholders' deficit.

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

                        http://bit.ly/2vImLRt

New York-based SoOum Corp., formerly Swordfish Financial Inc., is a
commodity trading arbitrage firm. The Company uses its own
technology to identify and exploit arbitrage opportunities.  SoOum
also plans to distribute trade intelligence to global subscribers
in order to solve supply shortages and bring new business to local
manufacturers.




SOURCEHOV LLC: S&P Raises Then Withdraws CCR Amid Exela Deal
------------------------------------------------------------
S&P Global Ratings raised its corporate credit rating on SourceHOV
LLC to 'B' from 'CCC+' and removed the rating from CreditWatch,
where it had been placed with positive implications on Feb. 23,
2017. S&P said, "We then withdrew our ratings on SourceHOV's debt
and subsequently withdrew our corporate credit rating on SourceHOV.
At the time of the rating withdrawal, the outlook was stable."

The rating withdrawal follows the closing of Irving, Texas-based
Source HOV LLC's merger with Stamford, Conn.-based Novitex, with
the creation of a new entity named Exela Technologies.

"SourceHOV's operations will be absorbed into the newly formed
entity, Exela Technologies, and accordingly we have raised our
corporate credit rating on SourceHOV to 'B', the same rating as on
Exela Technologies," said S&P Global Ratings credit analyst Minesh
Shilotri. "In addition, all existing SourceHOV debt was repaid, so
we are withdrawing all ratings on SourceHOV," Mr. Shilotri added.


SUAREZ CORPORATION: Case Summary & Largest Unsecured Creditors
--------------------------------------------------------------
Lead Debtor: SCI Direct LLC
             dba BargMax LLC
             dba Biotech Research
             dba Chef Jon Molnar Specialty Foods
             dba Edenpure
             dba Fit One LLC
             dba International Home Shopping
             dba International Telecommunications
             dba Lindenwold Fine Jewelers
             dba Namath Products
             dba SCI Pinnacle
             dba Sports Innovations
             dba Stark Journal
             dba Steps2Invent LLC
             dba Suarez Enterprises IC-DISC Inc.
             dba Suarez Manufacturing Industries
             dba Success Products Industry
             dba The Hanford Press
             dba United States Commemorative Gallery
             dba US Commemorative Gallery
             7800 Whipple Ave NW
             North Canton, OH 44720

Type of Business: SCI -- http://www.suarez.com-- is a direct  
                  marketing company currently offering hundreds
                  of diversified products around the world.  From
                  heaters, food services, jewelry, body and skin
                  care, collectible coins, and health products,
                  SCI continues to lead the way through product
                  innovation and multi-channel marketing.
                  The Company offers services through mail, phone
                  and internet, television, newspaper, and
                  magazines.  The Company started in business in
                  1968 when Benjamin Suarez started a small
                  business from his home which eventually became
                  Suarez Corporation Industries.

                  Web site: http://www.suarez.com/

Chapter 11 Petition Date: August 7, 2017

Affiliated debtors that simultaneously filed Chapter 11 petitions:

     Debtor                                        Case No.
     ------                                        --------
     SCI Direct LLC                                17-61735
     Suarez Corporation Industries                 17-61736
     Retail Partner Enterprises LLC                17-61737
     Media Service Corporation                     17-61738

Court: United States Bankruptcy Court
       Northern District of Ohio (Canton)

Judge: Hon. Russ Kendig

Debtors' Counsel:      Anthony J. DeGirolamo
                       ANTHONY J. DEGIROLAMO, ATTORNEY AT LAW
                       3930 Fulton Drive NW, Suite 100B
                       Canton, OH 44718
                       Tel: 330-305-9700
                       Fax: 330-305-9713
                       E-mail: ajdlaw@sbcglobal.net

Debtors'
Accountant:            THE PHILLIPS ORGANIZATION

Debtors'
Special
Counsel:               Craig T. Conley, Esq.

Debtors'
Notice,
Balloting,
Agent &
Claims Agent:          KURTZMAN CARSON CONSULTANTS LLC
                       Web site: http://www.kccllc.net/sci

Suarez Corporation's
Estimated Assets: $500,000 to $1 million.

Suarez Corporation's
Estimated Debt: $10 million to $50 million

SCI Direct's
Estimated Assets: $0 to $50,000

SCI Direct's
Estimated Debt: $10 million to $50 million

The petitions were signed by Benjamin D. Suarez, CEO.  

A full-text copy of SCI Direct's petition is available for free
at:

             http://bankrupt.com/misc/ohnb17-61735.pdf

SCI Direct's List of 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Restless Noggins                      Trade Debt      $5,304,113
Manufacturing LLC
334 Orchard Ave NE
North Canton, OH
44720-2556

Weigi International                   Trade Debt      $1,380,631
RM 816 Hollywood
Plz 610 Nathan Rd
Kowloon Hong Kong

Quad Graphics                         Trade Debt        $395,752
N61W23044 Harrys Way
Sussex, WI
53089-3995

Walgreens Inc                         Trade Debt        $376,115
1901 E Voorhees
Mail Stop 745
Danville, IL 61832

Progressive                           Trade Debt        $290,000
Machine Die Inc.
8406 Bavaria Dr E
Macedonia, OH
44056-2275

Highland Computer Forms               Trade Debt        $252,995
1025 Main St
Cincinnati, OH
45202-1205

Osram Sylvania                        Trade Debt        $228,298
Products Inc

Design Molded Plastics                Trade Debt        $225,000

Namanco Productions Inc               Trade Debt        $204,720

TLM International Inc                 Trade Debt        $197,500

Printing Resources                    Trade Debt        $196,053

Hartville Coin Exchange               Trade Debt        $170,512

Action Mailing                        Trade Debt        $141,044

National Football                     Trade Debt        $112,500
Museum Inc.

McQuate Brokerage Svc                 Trade Debt        $115,594

Seven Ranges                          Trade Debt         $86,679
Manufacturing Corp

Yoder Graphic Systems                 Trade Debt         $75,819

Housewares America Inc                Trade Debt         $75,098

Beckett Air                           Trade Debt         $72,787

Demunno & Associates                  Trade Debt         $71,143


Suarez Corp.'s List of 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Restless Noggins
Manufacturing LLC            
334 Orchard Ave NE
North Canton, OH                      Trade debt     $5,304,114

Gano Properties LLC
6490 Friarsgate Dr NW
Canton, OH                            Trade debt     $3,588,724

Maple Street Commerce LLC
c/o Charles P. Royer, Esq.
101 W Prospect Ave, Ste 1800
Cleveland, OH                         Trade debt     $1,838,883

Wesbanco
c/o Mark W
Bernlohr, Esq
50 S Main St Ste 201
Akron, OH                             Trade debt     $1,725,000

Walgreens Inc                         Trade debt       $376,116

Cisco Systems Capital Corp            Trade debt       $194,181

Coface North America Ins Co           Trade debt       $189,554

UPS                                   Trade debt       $181,934

Hewlett-Packard Co                    Trade debt       $169,347

Buckingham Doolittle & Burroughs      Trade debt       $160,695

Blue Technologies                     Trade debt       $150,806

Cisco                                 Trade debt       $136,223

Taylor Hayes Inc.                     Trade debt       $131,138

Cremer Spina  
Shaughnessy
Jansen Siegert                        Trade debt       $109,933

Levin Swedler Kennedy                 Trade debt        $84,010

Womble Carlyle Sandridge              Trade debt        $81,552

PC Richard & Son Long Island Corp     Trade debt        $62,641

Spend Management Experts              Trade debt        $58,789

Yellowstone Capital LLC                                 $57,600

Wise Co Inc                           Trade debt        $50,000


SUAREZ CORPORATION: Files for Chapter 11 to Sell Assets
-------------------------------------------------------
Direct marketing companies founded by northeast Ohio
multi-millionaire Benjamin Suarez, have sought bankruptcy
protection to pursue a sale of the assets.

In 1968, Benjamin Suarez started a small business from his home
which eventually became Suarez Corporation Industries ("SCI"), a
large and formerly very successful direct marketing company.

Following many failures and limited successes, SCI became
profitable in 1973 and experienced major growth during the 1990s
and 2000s when SCI's annual sales went from approximately $16
million to over $200 million, reaching a high of over $400 million
in 2008.

Then, like many American businesses, SCI's business suffered
because of the 2008-2009 Great Recession.  As it started to
recover, in 2011, the federal government initiated an extensive
investigation of alleged federal campaign finance law violations,
which resulted in indictments in 2013 against SCI, Mr. Suarez, and
SCI's chief financial officer, Michael Giorgio.

Following a month-long trial in 2014, Mr. Suarez was convicted on
one count of attempted witness tampering and in January 2015 he
began serving a fifteen-month sentence at a federal facility in
West Virginia.  Mr. Suarez was released in early 2016.

SCI, already "wounded" by the nationwide economic downturn in
2008-2009, simply has not been able to financially recover from the
significant expense and major distraction of the federal
investigation and indictments, compounded by Mr. Suarez's lengthy
absence from the business during his incarceration, unfortunately
leaving it and its related entities insolvent and with no option
other than bankruptcy to preserve its business and assets.

To finance their prepetition operations, debtors Suarez Corporation
Industries and SCI Direct entered into a Demand Promissory Note
dated July 19, 2013, which note was amended and restated on or
about April 15, 2015.  The Notes were secured by substantially all
of the assets of Suarez Corporation Industries and SCI Direct, LLC
as provided in the security agreement executed by Suarez
Corporation Industries and SCI Direct on or about April 15, 2016.
Finally, the lender, Nancy Suarez, perfected her security interest
in the collateral pursuant to the financing statement filed with
the Ohio Secretary of State on April 15, 2016.

                     Access to Cash and Financing

The Debtors have filed a motion seeking to access cash collateral
and obtain DIP financing to pay their regular daily expenses,
including employees' wages, utilities, and other costs of doing
business.

The Debtors stated that to operate their business without
interruption, it is essential that they be permitted to continue to
borrow operating funds under the DIP Facility pending a closing of
the sale of their assets.

The DIP Facility will be provided by the prepetition lender, Nancy
Suarez, pursuant to the DIP Agreement by and among the Debtors and
the DIP Lender.  The DIP Facility provides up to approximately
$250,000 in credit to the Debtors.

                   Payment of Prepetition Claims

The Debtors on the Petition Date also filed motions to:

   -- pay prepetition employee wages, salaries, and related items;

   -- pay prepetition trust fund taxes; and

   -- confirm the administrative expense priority status of the
Debtor's undisputed obligations to suppliers for the postpetition
delivery of goods and provision of services and to pay prepetition
administrative claims Pursuant to 11 U.S.C. Sec. 503(B)(9).

SCI avers that the payment of the prepetition claims as requested
in the first day motions is critical to the Debtor's survival in
the immediate postpetition period and to its ability to reorganize
successfully.

"The payment of prepetition employee claims, including wages,
benefits, and workers' compensation premiums, will preserve
employee morale and support, which is essential to the ongoing
operation of the Debtor's business.  Furthermore, payment of these
prepetition employee claims will help ensure that the Debtor's
business will benefit from the continued hard work and dedication
of its employees.  If the Debtor is unable to pay these prepetition
employee claims, it faces the very real prospect of losing its
dedicated employees at a time when support from its workforce is
critical to its survival," Anthony J. DeGirolamo, counsel to the
Debtors, explains.

"With respect to prepetition trust fund taxes, such taxes are not
assets of the Debtor's estate.  Rather, as funds held in trust,
they belong either to the payors or the intended payees – the
relevant taxing authorities.  Litigation over these funds would be
costly, distracting and pointless.  In addition, many taxing
authorities impose personal liability on the officers and directors
of collecting entities for trust fund taxes collected by those
entities that are not paid to such taxing authorities. Thus, to the
extent that any prepetition trust fund taxes remain unpaid, the
Debtor's officers and directors may be subject to lawsuits or even
criminal prosecution on account of such nonpayment during the
pendency of this chapter 11 case.  Such lawsuits or proceedings
obviously would constitute a significant distraction for such
officers and directors at a time when they should be focused on the
Debtor's efforts to stabilize its postpetition business operations
and to develop and implement a successful reorganization
strategy."

                     About Suarez Corporation

SCI -- http://www.suarez.com/-- is a direct marketing company
currently offering hundreds of diversified products around the
world.  From heaters, food services, jewelry, body and skin care,
collectible coins, and health products, SCI continues to lead the
way through product innovation and multi-channel marketing.  The
Company offers services through mail, phone and internet,
television, newspaper, and magazines.  The company started in
business in 1968 when Benjamin Suarez started a small business from
his home which eventually became Suarez Corporation Industries.

Suarez Corporation Industries is an operating entity involved in
direct marketing products to consumers, and Retail Partner
Enterprises, LLC, markets the same products on a wholesale basis to
retail stores.  SCI Direct, LLC, holds certain patents,
trademarks, and other intellectual property used by Suarez
Corporation Industries, and Retail Partner Enterprises, LLC.  The
entities are owned by Suarez Enterprises Holding Company.

Each of SCI Direct LLC, Suarez Corporation Industries, and two
affiliates filed separate voluntary petitions for relief under
Chapter 11 of the United States Bankruptcy Code (Bankr. N.D. Ohio
Case Nos. 17-61735 to 17-61738) on Aug. 7, 2017.  The cases are
jointly administered before the Honorable Russ Kendig under SCI
Direct's Case No. 17-61735.

Anthony J. DeGirolamo serves as the Debtors' bankruptcy counsel.
The Phillips Organization is the Debtors' accountant.  Craig T.
Conley, Esq., is special counsel.  Kurtzman Carson Consultants LLC
is the claims and noticing agent.


TERRAVIA HOLDINGS: Ashby, Brown Rudnick Represent Noteholders
-------------------------------------------------------------
Ashby & Geddes, P.A., and Brown Rudnick LLP filed with the U.S.
Bankruptcy Court for the District of Delaware a verified statement
pursuant to Federal Rule of Bankruptcy Procedure 2019  with respect
to their representation of the Ad Hoc Consortium of Holders of
TerraVia Holdings, Inc. Convertible Senior Subordinated Notes in
the Chapter 11 cases of TerraVia Holdings, Inc., and its affiliated
debtors.

The Consortium initially engaged Brown Rudnick on or about April 1,
2017, with respect to the (x) 6.00% Convertible Senior Subordinated
Notes due 2018 issued by Debtor TerraVia Holdings, Inc., under that
certain Indenture, dated as of Jan. 24, 2013, and (y) 5.00%
Convertible Senior Subordinated Notes due 2019 issued by TerraVia
Holdings under that certain indenture, dated as of April 1, 2014.
Subsequent to its initial engagement, Brown Rudnick started
advising the Consortium with respect to a proposed senior secured
debtor in possession financing facility to be made available to the
Debtors upon the commencement of these cases.

On July 12, 2017, the Consortium engaged Ashby & Geddes as their
Delaware co-counsel in anticipation of the commencement of these
cases.

On Aug. 1, 2017, Ashby & Geddes and Brown Rudnick were engaged by
Wilmington Savings Fund Society, FSB, in its capacity as
administrative and collateral agent for the proposed DIP Financing.


Ashby & Geddes and Brown Rudnick do not represent or claim to
represent any other entity with respect to the Debtors' cases, and
do not hold any claim against or interest in the Debtors, except to
the extent they may hold claims against the Debtors for services
rendered in connection with their representations of the Consortium
and DIP Agent.

No member of the Consortium represents or claims to represent any
other entity with respect to the Debtors' cases, other than (as to
each member) those investment funds and accounts managed or advised
by it, as applicable.

The names and addresses of, and "nature and amount of all
disclosable economic interests" held by, the members of the
Consortium, as of Aug. 1, 2017, are:

     a. Gilead Capital LP
        157 Columbus Avenue, Street 403
        New York, NY 10023

        2018 Notes: None
        2019 Notes: $18,850,000
        DIP Financing Commitments: $1,740,567.69
        Common Stock: 100

     b. Higher Ground SICAV plc – Core Wealth Fund
        171 Old Bakery Street
        Valletta, VLT 1455, Malta

        2018 Notes: None
        2019 Notes: $2,835,000
        DIP Financing Commitments: $261,777.69
        Common Stock: None

     c. Lazard Asset Management LLC
        30 Rockefeller Plaza
        New York, NY 10112-6300

        2018 Notes: None
        2019 Notes: $17,707,000
        DIP Financing Commitments: $1,635,025.58
        Common Stock: 2,121,609 (Short Position)

     d. Passport Capital, LLC
        One Market Street, Suite 2200
        San Francisco, CA 94105

        2018 Notes: None
        2019 Notes: $32,250,000
        DIP Financing Commitments: $2,977,894.33
        Common Stock: None

     e. Wolverine Asset Management, LLC
        175 W. Jackson Boulevard, Suite 340
        Chicago, IL 60604

        2018 Notes: $5,645,000
        2019 Notes: $9,241,000
        DIP Financing Commitments: $1,374,540.62
        Common Stock: 3,012,127 (Short Position)

     f. Zazove Associates, LLC
        1001 Tahoe Boulevard
        Incline Village, NV 89451

        2018 Notes: $7,160,000
        2019 Notes: $14,610,000
        DIP Financing Commitments: $2,010,194.09
        Common Stock: None

The Counsel can be reached at:

     William P. Bowden, Esq.
     Gregory A. Taylor, Esq.
     ASHBY & GEDDES, P.A.
     500 Delaware Avenue, 8th Floor
     P.O. Box 1150
     Wilmington, Delaware 19899-1150
     Tel: (302) 654-1888
     Fax: (302) 654-2067
     E-mail: wbowden@ashbygeddes.com
             gtaylor@ashbygeddes.com

          -- and --

     Robert J. Stark, Esq.
     BROWN RUDNICK LLP
     Seven Times Square
     New York, New York 10036
     Tel: (212) 209-4800
     Fax: (212) 209-4801
     E-mail: rstark@brownrudnick.com

          -- and --

     Steven B. Levine, Esq.
     Brian T. Rice, Esq.
     Kellie W. Fisher, Esq.
     BROWN RUDNICK LLP
     One Financial Center
     Boston, Massachusetts 02111
     Tel: (617) 856-8200
     Fax: (617) 856-8201
     E-mail: slevine@brownrudnick.com
             brice@brownrudnick.com
             kwfisher@brownrudnick.com

                          About TerraVia

Headquartered in South San Francisco, California, TerraVia
Holdings, Inc. (NASDAQ:TVIA) -- http://www.terravia.com-- is a  
plant-based food, nutrition and specialty ingredients company that
harnesses the power of algae, the mother of all plants and earth's
original superfood.  With a portfolio of breakthrough ingredients
and manufacturing, TerraVia is well positioned to help meet the
growing need of consumer packaged goods and established and
emerging food manufacturers to improve the nutritional profile of
foods without sacrificing taste, and to develop select consumer
brands.  TerraVia also manufactures a range of specialty personal
care ingredients for key strategic partners.  Headquartered in
South San Francisco, TerraVia's mission is to create products that
are truly better for people and better for the planet.

On Aug. 2, 2017, TerraVia Holdings, Inc., and its wholly owned U.S.
subsidiaries filed voluntary petitions under chapter 11 of title 11
of the United States Code (Bankr. D. Del. Lead Case No. 17-11655).
The Debtors filed a motion with the Court seeking to administer all
of the Chapter 11 cases jointly under Lead Case No. 17-11655).

The subsidiary debtors in the Chapter 11 cases are Solazyme Brazil
LLC and Solazyme Manufacturing 1, LLC.

The Debtors sought bankruptcy protection after reaching a deal to
sell the assets to Corbion N.V. for $20 million in cash plus the
assumption of liabilities.

Davis Polk & Wardwell LLP is acting as restructuring and corporate
counsel to TerraVia.  Rothschild Inc. is acting as TerraVia's
financial advisor and investment banker to lead the sales process

Kurtzman Carson Consultants LLC is the claims agent, maintaining
the case Web site http://www.kccllc.net/TerraVia


TIFARO GROUP: EC Mansfield Wants to Use Capital One Cash Collateral
-------------------------------------------------------------------
EC Mansfield LLC asks for permission from the U.S. Bankruptcy Court
for the Southern District of Texas to use cash collateral of
Capital One Bank in order to allow the Debtor to pay fees (i)
related to collection of accounts receivable and (ii) needed to
restore utility services in order to preserve equipment that is
stored in its former location.

The aggregate balance owed with respect to the Secured Lender is
approximately $700,000.

If the Debtor is denied of authorization to use cash collateral,
the Debtor would suffer immediate and irreparable harm because
collections would cease and the Debtor's equipment could
deteriorate in value.  The only viable source of funding for
post-petition operations is cash collateral made available to the
Debtor.

EC Mansfield has reached an agreement with the Secured Lender on
the interim use of cash collateral.  Prior to the Petition Date, EC
Mansfield entered into the Capital One Loans whereby a first lien
and security interest in substantially all of the Debtor's assets,
including accounts receivable and cash were granted to the Secured
Lender.

The Secured Lender has agreed to the Debtor's use of cash
collateral and the Debtor expects that an agreed order will
include, among others, the following:

     A. the Debtor may use cash collateral pursuant to an approved

        budget, with a 10% variance per line item and the ability
        to apply any un-used budgeted funds at its discretion; and

     B. Secured Lender's prepetition liens will be adequately
        protected by replacement liens to the same extent and
        priority as their respective prepetition liens.

According to the Debtor's 14-day cash collateral budget, expenses
will total $10,920, which will include:

     Credit Card Processing Fees    $60
     CMS Billing Service Fees       $60
     Copier Shipping fees          $800  
     TXU - Electricity          $10,000

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

          http://bankrupt.com/misc/txsb17-80171-46.pdf

                   About The Tifaro Group Ltd.

The Tifaro Group, Ltd., is a Texas limited partnership organized as
an investment vehicle for the purpose of owning interest in various
healthcare-related entities.  

The Tifaro Group sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Texas Case No. 17-80171) on June 2,
2017.  The petition was signed by J. Patrick Magill, president of
Magill, P.C., which is the financial agent of The Tifaro Group
Management Company LLC.  TGMC is the Debtor's general partner.  

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

Judge David R. Jones presides over the case.

Melissa A. Haselden, Esq., and Edward L. Rothberg, Esq., at Hoover
Slovacek LLP, serve as the Debtor's legal counsel.

                     About EC Mansfield LLC

Headquartered in Houston, Texas, EC Mansfield LLC -- d/b/a
Elitecare
Emergency Room, Elitecare 24 Hour Emergency Room Manfield,
Elitecare 24 Hour Emergency Room, Elitecare 24 Hour Emergency
Center, Elitecare Emergency Center, Elitecare Emergency Room --
owns an emergency care ambulatory facility located in Mansfield,
Texas.  The Debtor is an affiliate of The Tifaro Group, Ltd., that
sought bankruptcy protection on June 2, 2017 (Bankr. S.D. Tex. Case
No. 17-80171).

The Debtor filed for Chapter 11 bankruptcy protection (Bankr. S.D.
Tex. Case No. 17-34452) on July 25, 2017, estimating its assets and
liabilities at between $1 million and $10 million each.  The
petition was signed by Patrick J. Magill, president of Magill, PC,
financial agent of the Debtor.

Judge Marvin Isgur presides over the case.

Melissa Anne Haselden, Esq., at Hoover Slovacek LLP, serves as the
Debtor's bankruptcy counsel.


UCP INC: S&P Raises Then Withdraws 'B' CCR Amid Century Deal
------------------------------------------------------------
S&P Global Ratings raised its corporate credit rating on UCP Inc.
to 'B' from 'B-' after the company was acquired by Century
Communities and removed the ratings from CreditWatch, where S&P
placed them with positive implications on April 11, 2017. The
outlook is positive.

S&P subsequently withdrew the corporate credit rating following the
closing of the transaction.


VANGUARD NATURAL: Emerged From Bankruptcy Protection on Aug. 1
--------------------------------------------------------------
Vanguard Natural Resources, LLC, successfully completed its
financial restructuring and emerged from Chapter 11 as a new
corporation under the name of Vanguard Natural Resources, Inc., on
August 1, 2017.

In a press release, the Company related that through its financial
restructuring and the sale of non-core assets while in Chapter 11,
the Company eliminated approximately $820 million of secured and
unsecured debt from its balance sheet and significantly enhanced
its financial flexibility. At its emergence, the Company is
entering into an amended and restated $850 million reserve-based
revolving credit facility and a term loan facility of $125 million.
The initial borrowing base under the revolving credit facility
shall be $850 million, with the first scheduled redetermination of
the revolving credit facility borrowing base in August 2018.  Also,
with total debt outstanding of $936 million and cash on hand of
approximately $17 million, total liquidity will be approximately
$137 million.

Mr. Scott W. Smith, President and CEO, commented, "We are very
pleased to have completed this reorganization and look forward to
working with our new equity holders and Board members in charting a
new course for the Company. I want to thank all of the parties with
whom we worked to craft a restructuring plan that, upon exit, has
the Company on a sound financial footing. I want to also add a
special thanks to all of our employees whose dedication and hard
work managing and administering our assets has been exceptional
during this process and whose efforts going forward will be
critical to the Company's future success."

The new Board of Directors collectively echoed Mr. Smith's comments
stating, "Vanguard's high quality asset portfolio offers many
avenues for future value creation. We look forward to working
closely with management to conduct a thorough strategic review of
the Company’s asset base and development plan in order to
maximize long-term shareholder value."

The following are highlights of the Company's asset position as of
June 30, 2017:

* Total estimated proved reserves of 1,390 Bcfe, of which
   approximately 66% were natural gas reserves, 18% were oil
   reserves and 16% were NGLs reserves. 100% of the Company's
   estimated reserves would be classified as proved developed
   properties under the rules and regulations of the Securities
   and Exchange Commission;

* Total estimated reserve PV-10 value of $1,498 million (81%
   proved developed and 19% undeveloped, including technical PUDs)

   using June 30, 2017 strip commodity pricing;

* Average net production for the six months ended June 30, 2017
   and the year ended December 31, 2016 of 381 MMcfe/d and 433
   MMcfe/d, respectively, from working interests in 11,930 gross
   (4,337 net) productive wells with operated wells accounting for

   approximately 61% of total estimated proved reserves;

* Significant inventory of high quality growth opportunities
   across the Company's approximately 677,869 gross acres (168,410

   net acres) in multiple plays, including in the Pinedale,
   Piceance, Arkoma, Gulf Coast, and Permian Basins; and an
   expectation to focus the remainder of the Company's 2017
   capital spending in the Pinedale and East Haynesville fields.

The Company also announced its new Board of Directors, comprised of
the following individuals, including members of management and
direct or appointed representatives of the Company's largest
shareholders, whose appointments are effective as of Aug. 1, 2017:

* Scott W. Smith, President and Chief Executive Officer of the
   Company

* Richard A. Robert, Executive Vice President and Chief Financial

   Officer of the Company

* Michael Alexander, Managing Director at Marathon Asset
   Management

* Joseph Citarrella, Principal at Monarch Alternative Capital, LP

* Graham Morris, Distressed Equity Strategy Head for Contrarian
   Capital Management

* R. Scott Sloan, former Senior Vice President, Strategy,    
   Commercial, and Global New Business Development at Hess
   Corporation

Joseph Citarrella will serve as the chair of the new Board of
Directors.

In connection with the Company's new reserve-based revolving credit
facility, the Company has implemented a hedging program for
approximately 80%, 72%, 57% and 51% of its anticipated crude oil
production in 2017, 2018, 2019 and 2020, respectively, with 100% in
the form of fixed-price swaps in 2017 and approximately 74%, 66%,
51% and 49% of its anticipated natural gas production in 2017,
2018, 2019 and 2020, respectively, with 100% in form of fixed-price
swaps in 2017. NGL production was under fixed-price swaps for
approximately 43% and 37% of anticipated production in 2017 and
2018, respectively. The Company believes its hedging program will
provide substantial near-term cash flow visibility regardless of
the volatility in commodity prices as management and the Board of
Directors explore options for maximizing shareholder value.

Following the completion of the financial restructuring, the
Company will have 20.1 million shares of its common stock
outstanding. The Company expects that its shares of common stock
and warrants will be traded and quoted on the OTCQX market (which
is operated by OTC Markets Group, Inc.). The OTCQX market is an
interdealer quotation system providing real time quotation
services, each of which the Company believes constitutes an
"established securities market" within the meaning of the Foreign
Investment in Real Property Tax Act of 1980. The Company expects
the new listing to go effective during the third quarter of 2017.
Additionally, the Company is moving forward as a corporation for
U.S. federal income tax purposes.

Evercore Partners Inc. served as financial advisor to the Company,
Paul Hastings LLP served as the Company's legal counsel and
Opportune LLP served as the restructuring advisors to the Company.

PJT Partners, Inc. served as financial advisor, and Milbank, Tweed,
Hadley & McCloy LLP served as legal counsel, to an ad hoc group of
the holders of the senior unsecured notes of Vanguard Natural
Resources, LLC.

RPA Advisors, LLC served as financial advisor, and Weil, Gotshal &
Manges LLP served as legal counsel, to the administrative agent
under the Company's pre- and post-petition credit facilities.

Centerview Partners LLC served as financial advisor, and Morrison &
Foerster LLP served as legal counsel, to an ad hoc group of the
holders of the second lien notes of Vanguard Natural Resources,
LLC.

              About Vanguard Natural Resources

Vanguard Natural Resources, LLC (OTC: VNRSQ) --
http://www.vnrllc.com/-- is a publicly traded limited liability  
company focused on the acquisition, production and development of
oil and natural gas properties.  Vanguard's assets consist
primarily of producing and non-producing oil and natural gas
reserves located in the Green River Basin in Wyoming, the Permian
Basin in West Texas and New Mexico, the Gulf Coast Basin in Texas,
Louisiana, Mississippi and Alabama, the Anadarko Basin in Oklahoma
and North Texas, the Piceance Basin in Colorado, the Big Horn Basin
in Wyoming and Montana, the Arkoma Basin in Arkansas and Oklahoma,
the Williston Basin in North Dakota and Montana, the Wind River
Basin in Wyoming, and the Powder River Basin in Wyoming.

Vanguard Natural Resources, LLC, and certain subsidiaries filed
voluntary petitions for relief under Chapter 11 of the Bankruptcy
Code (Bankr. S.D. Tex. Lead Case No. 17-30560) on Feb. 2,  2017.
The Chapter 11 cases are assigned to the Hon. Judge Marvin Isgur.

The Debtors listed total assets of $1.54 billion and total debt of
$2.3 billion as of Feb. 1, 2017.

Paul Hastings LLP is serving as legal counsel and Evercore Partners
is acting as financial advisor to Vanguard.  Opportune LLP is the
Company's restructuring advisor.  Prime Clerk LLC is serving as
claims and noticing agent.

Judy R. Robbins, the U.S. Trustee for Region 7, on Feb. 14, 2017,
appointed three creditors to serve on the official committee of
unsecured creditors appointed in the Debtor's case.  The Committee
hired Akin Gump Strauss Hauer & Feld LLP as counsel and FTI
Consulting, Inc., as financial advisor.

The Company on March 16, 2017, filed a motion with the Bankruptcy
Court disclosing a Stipulation and Agreed Order entered into on
March 15, 2017, by and between the Debtors and certain
Unaffiliated holders of its Preferred Units and common units
pursuant to which the Debtors and the Ad Hoc Equity Committee
agreed, among other things, that professionals for the Ad Hoc
Equity Committee would be funded by the Debtors' estates for
services performed within a defined scope and subject to agreed
caps on fees and expenses as described in the Stipulation and
Agreed Order.

Counsel to the Ad Hoc Equity Committee are Sharon M. Beausoleil,
Esq., Alexander Chae, Esq., and Holland N. O'Neil, Esq., at
Gardere Wynne Sewell LLP.

Attorneys for Citibank, N.A, as administrative agent under the
Third Amended and Restated Credit Agreement, dated as of Sept. 30,
2011, are Chris Lopez, Esq., Stephen Karotkin, Esq., and Joseph H.
Smolinsky, Esq., at Weil Gotshal & Manges LLP.


VITARGO GLOBAL: Wants to Use Cash Collateral Through Oct. 31
------------------------------------------------------------
Richard J. Laski, the Chapter 11 Trustee for Vitargo Global
Sciences, Inc., seeks authorization from the U.S. Bankruptcy Court
for the Central District of California to continue using cash
collateral of Fisher Capital Investments, LLC, On Deck Capital,
Lila Ekonomistyrning, AB, and Swecarb AB, through Oct. 31, 2017.

The Chapter 11 Trustee requires use of the cash collateral to pay
the costs and expenses associated with operating the Debtor's
business.  The primary expenses going forward relate to paying
wages as well as funding a settlement and purchase agreement with
the Debtor's sole supplier of raw goods that will allow the Debtor
to continue to manufacture and Ship the Debtor's nutritional
supplement product.  Additional funds will be required to pay for
general overhead, maintain current insurance, and pay the quarterly
fees due to the Office of the U.S. Trustee.

The Chapter 11 Trustee will use the cash collateral through and
including Oct. 31, 2017, in an amount not to exceed 115% of the
aggregate amounts contained in the budget, with all budget savings
carried over and used by the Chapter 11 Trustee in subsequent
months.

Secured Creditors will receive replacements liens in the
post-petition cash and accounts receivables and the proceeds
thereof, to the same extent, validity, and priority as any lien
held by the secured creditor as of the Petition Date, to the extent
cash collateral is actually used by the Chapter 11 Trustee.
Additionally, the Chapter 11 Trustee will pay Fisher Capital
Investments, LLC, monthly interest payments of $6,600 through Oct.
31 as additional adequate protection and will make the settlement
payments to Lila Ekonomistyrning, AB in August and September.

A copy of the Chapter 11 Trustee's request is available at:

           http://bankrupt.com/misc/cacb17-10988-209.pdf

As reported by the Troubled Company Reporter on May 9, 2017, the
Court previously authorized Vitargo Global Sciences to use cash
collateral on a continued interim basis, to and through July 31,
2017, pursuant to a budget.

                  About Vitargo Global Sciences

Vitargo Global Sciences, Inc., was initially formed as Vitargo
Global Sciences, LLC, in June 2013, a follow-along entity of GENr8,
Inc., a predecessor business to the Debtor.  Conversion from LLC to
Inc. took place on September 2015.  The Company's line of business
includes manufacturing dry, condensed, and evaporated dairy
products.

Vitargo Global Sciences previously filed a Chapter 12 bankruptcy
petition in in Texas Northern Bankruptcy Court on May 5, 1992 (N.D.
Tex. Case No. 92-42174).

Vitargo Global Sciences, based in Irvine, California, filed a
Chapter 11 petition (Bankr. C.D. Cal. Case No. 17-10988) on March
15, 2017.  The petition was signed by Anthony Almada, chief
executive officer.  The Debtor estimated $1 million to $10 million
in both assets and liabilities.

Judge Theodor Albert presides over the case.

Michael Jay Berger, Esq., at the Law Offices of Michael Jay Berger,
is serving as the Debtor's bankruptcy counsel.  Damian Moos, Esq.,
at Kang Spanos & Moos LLP, is the litigation counsel.  Jeffrey
Bolender, Esq., at Bolender Law Firm PC, serves as the Debtor's
state court insurance coverage counsel.

On April 4, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  The Committee retained
Marshack Hays LLP, as general counsel.


WALTER INVESTMENT: Moody's Cuts CFR to Caa3 on Restructuring Deal
-----------------------------------------------------------------
Moody's Investors Service has taken the following rating actions
with respect to Walter Investment Management Corp. (Walter):

-- Corporate Family Rating downgraded to Caa3
    from Caa2; negative outlook

-- Senior Unsecured Rating downgraded to Ca
    from Caa3; negative outlook

-- Senior Secured Bank Credit Facility Rating
    downgraded to Caa2 from Caa1; negative outlook

-- Issuer outlook, Negative

RATINGS RATIONALE

The rating action follows the company's announcement that it has
entered into a restructuring support agreement with more than 50%
of senior term loan lenders. The company's actions increase
creditors' probability of loss and potential loss severity.
Uncertainty regarding the outcome of the restructuring proposal and
the increased risk of a bankruptcy filing should it not succeed
further impairs the company's franchise and prospects for achieving
sustained profitability.

To complete the proposed out-of-court restructuring, the company
must obtain agreement of at least 95% of term lenders, 95% of
senior unsecured noteholders, and 95% of convertible notes holders
(Minimum Participation Threshold). As of March 31, 2017, $1,395
million was owed on the senior secured term loan which matures
December 2020, $539 million on the unsecured notes which mature
December 2021 and $242 million on the convertible notes which
mature November 2019.

The out-of-bankruptcy-court restructuring proposes the following:

1) The senior secured term loan will be paid down by $300 million
and its maturity extended to June 2022

2) The unsecured notes will be exchanged for $200 million of second
lien notes with the unsecured noteholders also receiving a
to-be-determined amount of common equity

3) The convertible notes will be tendered for an amount no greater
than $40 million.

The contemplated timeline is: a) execute a restructuring agreement
with 66 2/3 % of the unsecured noteholders by August 31, 2017, b)
commence the solicitation of the unsecured notes and convertible
notes by October 1, 2017, c) if the Minimum Participation Threshold
has been satisfied, consummate the out-of-court restructuring by
November 1, 2017.

In the event that the company's attempt for an
out-of-bankruptcy-court restructuring is unsuccessful, the company
and the senior term loan lenders that entered into the
restructuring support agreement may pursue an in-court
restructuring.

The Caa2 senior secured rating reflects a loss expectation of 10%
to 20% and the Ca unsecured note rating of 35% to 65%.

The negative outlook is due to the uncertain outcome of the
restructuring proposal and the increased risk of a bankruptcy
filing.

Given the negative outlook, it is unlikely that the company's
ratings will be upgraded. The outlook could return to stable if the
company is able to complete the restructuring on terms generally
consistent with the current proposal. An upgrade is unlikely until
the company is able to demonstrate its ability to operate
profitably.

The ratings could be downgraded if the terms of the restructuring
are revised in a way that worsens senior secured and unsecured
lenders' expected loss.

The principal methodology used in these ratings was Finance
Companies published in December 2016.


WESTMORELAND RESOURCE: Appoints Principal Accounting Officer
------------------------------------------------------------
Westmoreland Resource Partners, LP, appointed Scott Henry as
controller and principal accounting officer on July 28, 2017.  Mr.
Henry, 43, is currently the senior director of accounting at
Westmoreland Coal Company and has been in that role since November
of 2016.  He will continue to serve Westmoreland Coal Company in
that role while taking over the Company's principal accounting
officer responsibilities from the Englewood, Colorado, office.

Prior to joining Westmoreland Coal Company, Mr. Henry served as
Vice President of Finance for Right Start, formerly a wholly-owned
subsidiary of Liberty Interactive Corp., for seven years.  Mr.
Henry has also held senior leadership positions within DIRECTV and
KB Home after beginning his career as a financial auditor with
PricewaterhouseCoopers.  Mr. Henry is a Certified Public Accountant
and holds a Master of Accounting and a Bachelor of Science in
Accountancy from the University of Denver.  There are no
agreements, arrangements, relationships or transactions between the
Partnership and Mr. Henry required to be disclosed under Items 401
or 404(a) of Regulation S-K.

                   About Westmoreland Resource

Oxford Resource Partners, LP, now known as Westmoreland Resource
Partners, LP -- http://www.westmorelandMLP.com/-- is a producer of
high value steam coal, and is the largest producer of surface mined
coal in Ohio.

Westmoreland Resource reported a net loss of $31.58 million on
$349.3 million of total revenues for the year ended Dec. 31, 2016,
compared to a net loss of $33.68 million on $384.7 million of total
revenues for the year ended Dec. 31, 2015.  

As of June 30, 2017, Westmoreland Resource had $370.9 million in
total assets, $411.8 million in total liabilities, and a total
deficit of $40.85 million.


WESTMORELAND RESOURCE: Chairman & 2 Directors Quit from Board
-------------------------------------------------------------
Kevin Paprzycki provided notice of his resignation from his
directorship and position as Chairman of the Board of Directors of
Westmoreland Resources GP, LLC, general partner of Westmoreland
Resource Partners, LP, effective Aug. 2, 2017.  Mr. Paprzycki will
remain as chief executive officer of the Company.

On Aug. 2, 2017, Jennifer Grafton provided notice of her
resignation from her directorship on the Board of Directors of the
Company, general partner of the Partnership, effective immediately.
At the same time, Ms. Grafton, who is also a named executive
officer of the Company, notified the Company of her resignation
from her position as chief legal officer effective immediately.

According to the Company, the resignations of Mr. Paprzycki and Ms.
Grafton were not due to any dispute or disagreement with the
Company on any matter relating to the Partnership's operations,
policies or practices.  The resignations have been effected as part
of an internal reporting realignment between the Company and
Westmoreland Coal Company as the Company and the Partnership
explore alternatives with respect to the 2018 maturity of the term
loan under the Financing Agreement, dated as of Dec. 31, 2014, by
and among Oxford Mining Company, LLC, Westmoreland Resource
Partners, LP and each of its subsidiaries, the lenders party
thereto and U.S. Bank National Association, as Collateral Agent.
   
Separately, on July 28, 2017, Michael Meyer resigned from his
position as controller and principal accounting officer of the
Company effective on that date.  Mr. Meyer's resignation was the
result of Westmoreland's consolidated accounting centralization
effort that required the position to maintain an office in
Englewood, Colorado.

                  About Westmoreland Resource

Oxford Resource Partners, LP, now known as Westmoreland Resource
Partners, LP -- http://www.westmorelandMLP.com/-- is a producer of
high value steam coal, and is the largest producer of surface mined
coal in Ohio.

Westmoreland Resource reported a net loss of $31.58 million on
$349.34 million of total revenues for the year ended Dec. 31, 2016,
compared to a net loss of $33.68 million on $384.70 million of
total revenues for the year ended Dec. 31, 2015.

As of June 30, 2017, Westmoreland Resource had $370.93 million in
total assets, $411.79 million in total liabilities and a total
deficit of $40.85 million.


[*] Moody's: Q2 US Speculative-Grade Default Rate on Downward Trend
-------------------------------------------------------------------
The trailing 12-month default rate for US speculative-grade
companies continued its downward trend in the second quarter of
this year, coming in at 3.8% against 4.7% the prior quarter,
Moody's Investors Service says in its Q2 2017 corporate default
monitor. Although the number of US non-financial defaults rose to
18 in the second quarter from 11 in the first, this was still fewer
than the 28 recorded for the second quarter of 2016.

"Moody's see a combination of cash flow that is bolstered by
economic growth, good intrinsic company liquidity and fewer
commodity sector strains fueling a further drop in the US
speculative-grade corporate default rate to 2.8% a year from now,"
noted Moody's Senior Vice President John Puchalla.

Nevertheless, even as strains in the commodities sector continue to
ease, that sector still accounts for the highest number of
defaults, Puchalla says. The retail sector, meanwhile, is receiving
a lot of attention in the press and defaults in the sector are
indeed rising as companies wrestle with consumers' changing
shopping habits. Even so, a higher percentage of speculative-grade
companies in the energy sector, transportation services and media
industries had probability of default ratings of Caa2 or lower at
the end of the second quarter.

"The decline in brick & mortar store traffic, in conjunction with
the shift in consumer spending to digital channels, is contributing
to retail earnings weakness and increased credit strains this
year," said Puchalla. "Even so, retail defaults are not making up
for the decline in commodity defaults, as the retail & apparel
default rate -- at 4.4% in the second quarter -- remains well below
the default rate for commodity sectors."

In a further favorable sign for a continued reduction in the
default rate over the next year, Moody's Liquidity Stress Index
(LSI) dropped to 3.5% at the end of June from 5.3% at the end of
March. Earnings growth and still-favorable conditions for
refinancing and raising investment funds continue to bolster
speculative-grade liquidity and reduce the risk of default as the
LSI closes in on its record low of 2.8%.

But while an 18% decline in the number of US companies rated
Caa2-PD or lower supports fewer defaults in the year ahead, a large
number of low-rated firms are managing to live with weak balance
sheets, Moody's warns. If the economy were to deteriorate,
geopolitical issues were to disrupt trade flows or capital market
access became more difficult, defaults would go up. The rating
distribution based on the dollar amount of debt outstanding, which
is less concentrated among low-rated firms, offers some solace.
This would dampen aggregate credit losses even if, as expected,
average family recovery rates are below average during the next
wave of defaults.


                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

TCR subscribers have free access to our on-line news archive.
Point your Web browser to http://TCRresources.bankrupt.com/and use
the e-mail address to which your TCR is delivered to login.

                            *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.  
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman,
Editors.

Copyright 2017.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $975 for 6 months delivered via
e-mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Peter A.
Chapman at 215-945-7000 or Nina Novak at 202-362-8552.

                   *** End of Transmission ***