TCR_Public/170912.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Tuesday, September 12, 2017, Vol. 21, No. 254

                            Headlines

1802 PALISADES: Oct. 19 Plan and Disclosure Statement Hearing
270 BERGER: Hires Beba Realty to Sell New Jersey Properties
3982 CLUB: U.S. Trustee Unable to Appoint Committee
47 HOPS: U.S. Trustee Forms 3-Member Committee
A&D PROPANE: Exclusive Plan Filing Deadline Moved to Oct. 20

A-OK ENTERPRISES: Hires West Consulting as Valuation Consultant
ADVENTURE NY CORP: Hires Lester & Associates as Counsel
AIR MEDICAL: Moody's Ups CFR to B2 on Improved Business Profile
AIR MEDICAL: S&P Affirms 'B' CCR on Envision HealthCare Acquisition
AJUBEO LLC: Hires BGA Management as CRO

ALL PURPOSE SOLUTIONS: Case Summary & 20 Top Unsecured Creditors
ALLIANCE SECURITY: Creditors' Panel Hires Robinson as Counsel
ALLY FINANCIAL: Fitch Affirms BB+ IDR & Alters Outlook to Positive
ALTADENA LINCOLN: In Talks with Lender, Seeks More Exclusivity
AMERICAN EXPRESS: Fitch Affirms BB+ Preferred Shares Rating

AMERIFLEX ENGINEERING: Seeks Jan. 12 Plan Exclusivity Extension
ATLAS TRADING: Case Summary & 13 Unsecured Creditors
AVATAR PURCHASER: Moody's Assigns B3 CFR; Outlook Positive
AVOLON HOLDINGS: Moody's Hikes CFR to Ba2; Outlook Stable
BALLANTRAE LLC: Oct. 4 Disclosure Statement Hearing

BK ENTERPRISES: Hires Perez-Kudzma Law as Counsel
BNF REALTY BROOKLYN: Hires Aboyoun as Special Transaction Counsel
BOAZ ALTERNATIVE: Taps Lee and Associates as Broker
BON-TON STORES: Incurs $33.2 Million Net Loss in Second Quarter
BOSS REAL ESTATE: Taps Dale Ulrich as Accountant

BP CHANEY: Taps Ware Jackson as Special Counsel in MHP Suit
BRAZIL MINERALS: Incurs $369K Net Loss in Second Quarter
BROOKWOOD ACADEMY: Wants to Use Cash Collateral to Fund Operations
CAPRICCIO BY THE SEA: Taps Broege Neumann as Legal Counsel
CENTEGRA HEALTH: S&P Cuts 2012/2014A Bonds Rating to 'BB+'

CERTARA HOLDCO: Moody's Assigns B3 Corporate Family Rating
CHEROKEE INC: Covenant Problems Raise Going Concern Doubt
CHINA LONGYI GROUP: Recurring Losses Raise Going Concern Doubt
CHINA SENIOR LIVING: WWC P.C. Raises Going Concern Doubt
CITI CARS: Cox Enterprises Wants Court To Compel Arbitration

CONA RESOURCES: Moody's Withdraws B3 CFR on Debt Repayment
CORWIN PLACE: Oct. 17 Combined Plan and Disclosures Hearing
CROSIER FATHERS: Intends to File Plan of Reorganization by Dec. 31
CROSS-DOCK SOLUTIONS: Hires Hellring Lindeman as Attorney
CROSSMARK HOLDINGS: Moody's Cuts CFR to Caa2 on Liquidity Pressure

CRS REPROCESSING: U.S. Trustee Unable to Appoint Committee
DATA COOLING: Case Summary & 20 Largest Unsecured Creditors
DEAN FOODS: Fitch Affirms Then Withdraws 'BB-' IDR
DELPHI JERSEY: Fitch Assigns Initial 'BB' Issuer Default Rating
DELPHI JERSEY: Moody's Assigns Ba3 CFR & B1 Senior Notes Rating

DELPHI JERSEY: S&P Assigns Prelim 'BB' CCR, Outlook Stable
DEXTERA SURGICAL: Series A Pref. Stock Returns to Unissed Status
DIGIDEAL CORP: Unsecureds to be From Sale Net Proceeds
DISCOVER FINANCIAL: Fitch Affirms BB- Preferred Stock Rating
DORADO COMMUNITY: Sept. 27 Plan Confirmation Hearing

DUNDEE ENERGY: TSX Delists Common Shares
EAGLEVIEW TECHNOLOGY: Loan Upsize Plan No Impact on Moody's B3 CFR
EAGLEVIEW TECHNOLOGY: S&P Lowers First-Lien Debt Rating to 'B'
EDWARD J. MALIK: O'Bannon to Get $95K with No Interest Over 5 Years
EMMAUS LIFE: Grants Megapharm License to Sell Endari

ENERGY CONVERSION: Credit Suisse Wins Class Action By Shareholders
ENERGY FUTURE: Non-EFH Debtor Intercompany Claimants to Get 0%
ERATH IRON: Files Chapter 11 Plan of Liquidation
ERIK SAMUEL DE JONG: JLE Entitled to $101K in Damages
ETERNAL ENTERPRISE: Wants to Use Cash to Pay Outstanding Invoices

FELCOR LODGING: Moody's Hikes CFR & Senior Unsecured Rating to B1
FINJAN HOLDINGS: Launches Mobile Browser for Apple and Android
FLORIDA ORGANIC: Retains Equity Partners to Seek Buyer for Assets
FLOWORKS INT'L: Moody's Lowers CFR to Ca; Outlook Stable
FRIENDSHIP VILLAGE: Sept. 20 Hearing on Disclosures Approval

FUEL PERFORMANCE: Inks Exclusive License Pact with FPS Ltd
GLOBAL EMPOWERMENT: U.S. Trustee Unable to Appoint Committee
GOD'S HOUSE OF REFUGE: Seeks 5-Month Plan Exclusivity Extension
GOLDEN NUGGET: Moody's Assigns B2 Corporate Family Rating
GREAT ELECTRIC: Taps Rhonda Allen as Legal Counsel

GRIFFON CORP: S&P Puts BB- CCR on Watch Neg Amid ClosetMaid Deal
HAGHIGHI FAMILY: Hires Gunn Chamberlain as Accountant
HARLAND CLARKE: $100MM Loan Add On No Impact on Moody's B2 CFR
HIGH PLAINS COMPUTING: U.S. Trustee Forms 2-Member Committee
HOOPER HOLMES: Incurs $5.27 Million Net Loss in Second Quarter

HOUSTON AMERICAN: Incurs $466,000 Net Loss in Second Quarter
IRONCLAD PERFORMANCE: Case Summary & 20 Top Unsecured Creditors
IRONCLAD PERFORMANCE: Files Voluntary Ch.11 Bankruptcy Petition
JPW INDUSTRIES: Moody's Assigns B3 Corporate Family Rating
KEELER'S MEDICAL: Has Final Nod to Use Cash Through Dec. 31

KNIGHT ENERGY: Taps Beau Box & ResortQuest as Real Estate Brokers
LADDER CAPITAL: Moody's Affirms Ba2 CFR & Alters Outlook to Pos.
LANDMARK MEDICAL: Hires Morgan Fisher as Bankruptcy Counsel
LG BOLLINGER: Voluntary Chapter 11 Case Summary
LIGNUS INC: Case Summary & 19 Largest Unsecured Creditors

LITTLE SAIGON: Hires Weintraub as General Bankruptcy Counsel
LUVIS AMBULANCE: Court Okays Disclosures & Confirms Plan
M & J ENERGY: Hires Mouton as Attorney to Replace Aguillard
M.N.E. FUNDING: Case Summary & 6 Unsecured Creditors
MAGNOLIA BREWING: Taps Greenberg & Greenberg as Tax Accountant

MARCANTONIO ENTERPRISES: Wants to Use, Sell, Lease Cash Collateral
MARRONE BIO: Reports $7.4 Million Net Loss for Second Quarter
MCAFEE LLC: Moody's Assigns B2 Corporate Family Rating
MCAFEE LLC: S&P Assigns 'B' Corp. Credit Rating, Outlook Stable
MCCLATCHY CO: Contrarius Owns 2.67% of Class A Shares as of Aug. 31

MERRIMACK PHARMACEUTICALS: Effects a 1-for-10 Reverse Stock Split
MGM RESORTS: Moody's Revises Outlook to Pos. & Affirms Ba3 CFR
MONEY CENTERS: J. Walsh Loses Bid to Dismiss Suit
MONUMENT SECURITY: Hires Campbell Taylor as Accountant
MOUNTAIN CREEK: Hires Acacia as Special Financial Advisor

MRC GLOBAL: S&P Affirms 'B' Corp. Credit Rating, Outlook Stable
MRI INTERVENTIONS: Terminates Registration of Unsold Securities
MWM & SONS: 7750 Annapolis Buying All Assets for $1.6M
NAVISTAR INTERNATIONAL: Posts $37M Net Income in Third Quarter
NEOPS HOLDINGS: Creditors' Panel Hires Blakeley as Counsel

NET ELEMENT: Incurs $1.71 Million Net Loss in Second Quarter
NORTH AMERICAN GROUP: Hires Solomon and Hoover as Accountant
NUVERRA ENVIRONMENTAL: Cancels Pre-Bankruptcy Common Stock
OFFICE ON EASY STREET: Unsecureds to Get 25% Under Chapter 11 Plan
OMEROS CORP: Data Show Improvement in Patients Treated with OMS721

OMNI LOOKOUT: To Assume Leases with Apartment Complex Tenants
ORIGINAL SOUPMAN: Tries to Secure Court OK for Planned Sale
PACE DIVERSIFIED: Hires Long Wayne as Accountant
PACKARD SQUARE: Seeks to Hire Gene Kohut as CRO
PARKER DEVELOPMENT: Hearing on Plan Outline Set for Sept. 28

PHILADELPHIA SD: Moody's Ups GO & Lease Rev. Bonds Rating to Ba2
PIKE CORP: Moody's Affirms B2 Corporate Family Rating
PIONEER NURSERY: Taps Hocking Denton as Accountant
PIONEER NURSERY: Taps M. Kathleen Klein as Accountant
PIONEER NURSERY: Taps Wilkins Drolshagen as Special Counsel

PRECIPIO INC: Negative Working Capital Raises Going Concern Doubt
REDROCK WELL: $2K Monthly Payment for Unsecureds Over 36 Months
ROBERT LAMPE: Business Income to Fund Latest Plan
ROBERT SPENLINHAUER: IRS Not Barred from Amending Proof of Claim
ROBERT SPENLINHAUER: Loses Bid for Summary Judgement vs. MDOR

ROCK STAR CHEF: Taps Orlando Hernandez as Accountant
ROSENBAUM FARM: Seeks to Hire Hicok Fern as Accountant
RUE21 INC: Bankruptcy Court Confirms Reorganization Plan
RUE21 INC: Court Overrules Committee Objection, Confirms Ch.11 Plan
RUSSEL METALS: Moody's Alters Outlook to Pos. & Affirms Ba3 CFR

RXI PHARMACEUTICALS: Amends 8 Million Shares Resale Prospectus
SAVANNA ENERGY: S&P Affirms Then Withdraws 'B+' Corp Credit Rating
SCI DIRECT: Restless Noggins Joins Creditor's Committee
SENIOR CARE GROUP: Committee Taps Stevens & Lee as Lead Counsel
SENIOR CARE GROUP: Committee Taps Trenam Kemker as Co-Counsel

SENIOR COMMUNITY HOUSING: Taps Totaro & Shanahan as Bankr. Counsel
SEQUOIA VOTING: Disclosures OK'd; Plan Hearing on Oct. 19
SOUTHWEST SILK: Unsecureds to Recover 100% Over 36 Months
STATION CASINO: Moody's Rates New $550MM Senior Unsecured Notes B3
STEFANOVOUNO LLC: Names Dahar Firm as Chapter 11 Counsel

STRIDE ACADEMY: S&P Alters Lease Revenue Bonds Outlook to Negative
STRINGER FARMS: 25% Recovery for Unsecured Creditors Under Plan
SUNBURST FARMS: Names K.Coe Isom LLC as Accountant
SWING HOUSE: Hires Liner Group as Special Counsel
T.P.I. PLUS: Hearing on Plan and Disclosures Set for Oct. 3

TARA RETAIL: Elswick, et al., Object to Plan and Disclosures
TCF FINC'L: Moody's Gives Ba1(hyb) Rating to Perpetual Pref. Stock
TEXAS RHH: Taps Ware Jackson as Special Counsel in MHP Suit
TKL ASSOCIATES: Taps J. Riley as Real Estate Broker
TKL ASSOCIATES: Taps Swen A. Mortenson as Accountant

TNS INC: S&P Affirms 'B+' CCR Amid $175MM Loan Add-On
TOP SHELF CLOSETS: Case Summary & 20 Largest Unsecured Creditors
TOYS "R" US: Debtwire Hears Tru Taj Holders May Advance $400 Mil.
TREY WEST: Taps Dean William Greer as Legal Counsel
TRONOX LIMITED: Moody's Hikes Corporate Family Rating to B1

TRUE RELIGION: Hires Deloitte Tax as Service Provider
TRUE RELIGION: Plan Confirmation Hearing Set for Oct. 5
UNITED CONTINENTAL: Fitch Affirms BB IDR & Sr. Unsecured Rating
UNITED RENTALS: Moody's Assigns Ba3 New Sr. Unsecured Debt Rating
UNITED RENTALS: S&P Assigns 'BB-' Rating on $1.5BB Unsecured Notes

VANTIV LLC: Moody's Affirms Ba2 CFR & Sr. Credit Facility Rating
VELLANO CORP: U.S. Trustee Forms 3-Member Committee
WABASH NATIONAL: Moody's Rates New $325MM Sr. Unsecured Notes B1
WABASH NATIONAL: S&P Rates New $325MM Senior Unsecured Notes 'B+'
WEST VIRGINIA HIGH: Dec. 11 Plan Confirmation Hearing

WESTERN STATES: Itria to Retain $10K Payment From Collateral Funds
WILLIAMSON & WILLIAMSON: Oct. 26 Hearing on Disclosure Statement
WYNIT DISTRIBUTION: Case Summary & 20 Largest Unsecured Creditors
YULONG ECO-MATERIALS: KSP Group Inc. Casts Going Concern Doubt
[*] Saul Ewing And Arnstein & Lehr Merge to Create New Firm

[*] Two Bankruptcy Veterans Join Epiq's Corp. Restructuring Team
[^] Large Companies with Insolvent Balance Sheet

                            *********

1802 PALISADES: Oct. 19 Plan and Disclosure Statement Hearing
-------------------------------------------------------------
Judge Dennis R. Dow of the U.S. Bankruptcy Court for the Western
District of Missouri conditionally approved 1802 Palisades
Investments, LLC's disclosure statement to accompany its plan of
reorganization filed on August 30, 2017.

Oct. 19, 2017, at 9:00 a.m., is fixed for the hearing on final
approval of the disclosure statement and for the hearing on
confirmation of the plan and related matters at US Courthouse 80
Lafayette Street, Courtroom 4B Jefferson City, MO.

Oct. 12, 2017, is the deadline for filing with the Court objections
to the disclosure statement or plan confirmation; and submitting
ballots accepting or rejecting the plan.

                  About 1802 Palisades

Headquartered in Leawood, Kansas, 1802 Palisades, LLC, filed for
Chapter 11 bankruptcy protection (Bankr. W.D. Mo. Case No.
17-20009) on Jan. 9, 2017, disclosing $2.05 million in total assets
and $2.15 million in total liabilities.  Patsy Prelogar, authorized
representative, signed the petition.  Berman, DeLeve, Kuchan &
Chapman, LLC, serves as bankruptcy counsel to the Debtor.  No
official committee of unsecured creditors has been appointed in the
case.


270 BERGER: Hires Beba Realty to Sell New Jersey Properties
-----------------------------------------------------------
270 Berger Real Estate Investments, LLC, seeks authority from the
U.S. Bankruptcy Court for the District of New Jersey to employ Beba
Realty, LLC, as real estate broker to the Debtor.

270 Berger Real requires Beba Realty to market and sell the
Debtor's properties, known as 270 Berger Avenue, Oakhurst, Monmouth
County, New Jersey, and 999 Woodgate Avenue, Long Branch, Monmouth
County, New Jersey.

Beba Realty will be paid a commission of 5% of the sale price of
the properties.

Andrew Gheriani, member of Beba Realty, LLC, assured the Court that
the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtor and its estates.

Beba Realty can be reached at:

     Andrew Gheriani
     BEBA REALTY, LLC
     274 Norwood Avenue
     Deal, NJ 07723
     Tel: (732) 663-1000  

         About 270 Berger Real Estate Investments, LLC

270 Berger Real Estate, LLC sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. D.N.J. Case No. 16-21006) on June 6,
2016. The petition was signed by Joseph Plotzker, managing member.
The case is assigned to Judge Christine M. Gravelle.

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

On January 31, 2017, the Debtor filed its Chapter 11 plan of
reorganization and disclosure statement.


3982 CLUB: U.S. Trustee Unable to Appoint Committee
---------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of 3982 Club Drive, LLC, as of
Sept. 7, according to a court docket.

                   About 3982 Club Drive LLC

3982 Club Drive, LLC, based in Atlanta, Georgia, filed a Chapter 11
petition (Bankr. N.D. Ga. Case No. 17-63460) on Aug. 1, 2017.
David A. Geiger, Esq., at Geiger Law, LLC, serves as bankruptcy
counsel.

In its petition, the Debtor estimated $1 million to $10 million in
both assets and liabilities. The petition was signed by Allen
Miller, manager.


47 HOPS: U.S. Trustee Forms 3-Member Committee
----------------------------------------------
Gail Brehm Geiger, Acting U.S. Trustee for the Eastern District of
Washington, on Sept. 7 appointed three creditors to serve on the
official committee of unsecured creditors in the Chapter 11 case of
47 Hops LLC.

The committee members are:

     (1) Roy Farms, Inc.
         401 Walters Road
         Moxee, WA 98936
         Tel: (509) 452-3494

     (2) Wyckoff Farms, Inc.
         Attn: Court Wyckoff, President, and Dave Wyckoff, CEO
         160602 Evans Road
         Grandview, WA 98930
         Tel: (509) 882-3934

     (3) Green Acre Farms, Inc.
         Gary Morford, Kevin Boyle
         P.O. Box 340
         Harrah, WA 98933
         Tel: (509) 848-2200

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

                        About 47 Hops LLC

Headquartered in Yakima, Washington, 47 Hops LLC --
https://47hops.com/ -- sells aroma and alpha hops to breweries in
38 countries around the world.  47 Hops has partnered with growers
in several countries to offer its customers the quality hops
brewers need.  Its mission is to encourage the flow of information
in the hop industry to grow the understanding of how the industry
works.

47 Hops filed for Chapter 11 bankruptcy protection (Bankr. E.D.
Wash. Case No. 17-02440) on Aug. 11, 2017, disclosing $4.30 million
in total assets and $7.45 million in total liabilities.  The
petition was signed by Douglas MacKinnon, president.

Judge Frank L. Kurtz presides over the case.

Catherine J Reny, Esq., and Nathan T. Riordan, Esq., at Wenokur
Riordan PLLC, serve as the Debtor's bankruptcy counsel.


A&D PROPANE: Exclusive Plan Filing Deadline Moved to Oct. 20
------------------------------------------------------------
The Hon. Jeff Bohm of the U.S. Bankruptcy Court for the Southern
District of Texas has extended, at the behest of A&D Propane, Inc.,
the exclusivity period to file its plan of reorganization and
disclosure statement for 45 days or until Oct. 20, 2017.

As reported by the Troubled Company Reporter on Sept. 7, 2017, the
Debtor sought the extension, saying that emergency consideration is
requested based upon Hurricane Harvey and the ensuing delay in
proceedings coupled with the fact that the Debtor is in discussions
to sell all or part of its business which will dramatically affect
its proposed plan.

                       About A&D Propane

Based in Huntsville, Texas, A&D Propane, Inc., filed a Chapter 11
petition (Bankr. S.D. Tex. Case No. 17-31502) on March 7, 2017.
Robert Dobyns, president, signed the petition.  In its petition,
the Debtor disclosed $883,060 in assets and $1.56 million in
liabilities.

The Hon. Jeff Bohm presides over the case.

Julie M. Koenig, Esq., at Cooper & Scully, PC, serves as the
Debtor's bankruptcy counsel.  Bryan Brassell of Padgett Business
Services was tapped by the Debtor to prepare its tax returns.


A-OK ENTERPRISES: Hires West Consulting as Valuation Consultant
---------------------------------------------------------------
A-OK Enterprises, LLC, et al., seek authority from the U.S.
Bankruptcy Court for the District of Kansas to employ West
Consulting Group, Inc., as valuation consultant to the Debtors.

A-OK Enterprises requires West Consulting to:

   a. provide independent fair market valuation of the Debtors to
      be utilized in support of a plan of reorganization;

   b. provide the Debtors written report on the results of the
      valuation services;

   c. assist with case strategy, develop deposition inquiries
      regarding valuation matters, and prepare requests for the
      production of records possessed by the opposing party; and

   d. provide expert witness testimony at deposition or trial in
      support of the work performed and the conclusions reached.

West Consulting will be paid at the hourly rate of $250-$350. The
firm will be paid a retainer in the amount of $7,500. It will also
be reimbursed for reasonable out-of-pocket expenses incurred.

Richard L. West, a member of West Consulting Group, Inc., 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.

West Consulting can be reached at:

     Richard L. West
     WEST CONSULTING GROUP, INC.
     7532 E. 10th Cir N
     Wichita, KS 67206
     Tel: (316) 682-0500
     Fax: (866) 819-8040
     E-mail: richard@westconsulting.com

                   About A-OK Enterprises, LLC

A-OK Enterprises, LLC, and four affiliated entities own and operate
pawn shops, payday lending and rent-to-own facilities at four
leased locations in Wichita, Kansas:

     a. 1525 South Broadway, Wichita, Kansas;

     b. 2021 North Amidon, Wichita, Kansas;

     c. 1519, 1535, 1539, 1543, 1547 and
        1555 South Oliver Street, Wichita, Kansas; and

     d. 410 North West Street, Wichita, Kansas.

A-OK Enterprises, LLC, and four affiliates, including A-OK, Inc.,
sought Chapter 11 protection (Bankr. D. Kan. Lead Case No. 1711096)
on June 9, 2017.  The petitions were signed by Bruce R. Harris,
president, and 98.64% owner of the Debtors.  The Hon. Dale L.
Somers is the case judge.  Hinkle Law Firm, L.L.C., is the counsel
to the Debtors, with the engagement led by Edward J. Nazar, Esq.


ADVENTURE NY CORP: Hires Lester & Associates as Counsel
-------------------------------------------------------
Adventure NY Corp., seeks authority from the U.S. Bankruptcy Court
for the Eastern District of New York to employ Lester & Associates,
P.C., as Chapter 11 counsel to the Debtor.

Adventure NY Corp. requires Lester & Associates to:

   a. prepare and file the Petition, Schedules, Statement of
      Financial Affairs and Statement of Executory Contracts;

   b. attend at all meetings of creditors, hearings, pretrial
      conferences, and trial in the case or any litigation
      arising in connection with the case, whether in State or
      Federal Court;

   c. prepare, file and presentation to the Court of any
      pleadings requesting relief;

   d. prepare, file and present to the Court of a Disclosure
      Statement and Plan of Reorganization under Chapter 11 of
      the Bankruptcy Code;

   e. review claims made by creditors or interested parties,
      prepare and prosecute any objections to claims as
      appropriate; and

   f. prepare and present a final accounting and motion for a
      final decree closing the bankruptcy case.

Lester & Associates will be paid at these hourly rates:

     Partners                     $375
     Associates                   $200-$275
     Legal Assistants             $90-$100

Lester & Associates will be paid a retainer in the amount of
$10,000.

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

Roy J. Lester, member of Lester & Associates, P.C., assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtor and its estates.

Lester & Associates can be reached at:

     Roy J. Lester, Esq.
     LESTER & ASSOCIATES, P.C.
     600 Old Country Road, Suite 229
     Garden City, NY 11530
     Tel: (516) 357-9191
     E-mail: rlester@rlesterlaw.com

                   About Adventure NY Corp.

Adventure NY Corp. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D.N.Y. Case No. 17-74506) on July 25,
2017. The petition was signed by Jolanta Short, president. At the
time of the filing, the Debtor disclosed that it had estimated
assets of less than $1 million and liabilities of less than
$500,000.


AIR MEDICAL: Moody's Ups CFR to B2 on Improved Business Profile
---------------------------------------------------------------
Moody's Investors Service upgraded Air Medical Group Holdings,
Inc.'s Corporate Family Rating to B2 from B3 and its Probability of
Default Rating to B2-PD from B3-PD. The company's existing senior
secured term loan was upgraded to B1 (LGD 3) from B3 (LGD 3) and
its senior unsecured notes due 2023 were upgraded to Caa1 (LGD 5)
from Caa2 (LGD 6). Moody's assigned a B1 (LGD 3) rating to the
company new $1.455 billion senior secured term loan due 2024 and a
Caa1 (LGD 5) rating to the company's proposed $730 million senior
unsecured term loan due 2025. The rating outlook is stable.

The upgrade of Air Medical's Corporate Family Rating reflects the
company's improved business profile following the acquisition of
American Medical Response ("AMR") to create the largest medical
transport company in the U.S. The combined company will benefit
from significant scale with pro-forma revenue and EBITDA in excess
of $3.7 billion and $700 million respectively. The combined company
will have more meaningful diversification by services, payors, and
geography than either of the predecessor companies. While leverage
is high -- debt/EBITDA is in the high six times range at closing --
Moody's expects that debt/EBITDA will approach six times within
12-18 months from closing.

The two-notch upgrade of the company's existing senior secured term
loan reflects the one-notch upgrade of the Corporate Family Rating,
as well as the benefit from increased loss absorption in the
capital structure from the new senior unsecured term loan. The one
notch upgrade in the senior unsecured note rating reflects the
upgrade of the corporate family rating.

The following ratings were upgraded:

Air Medical Group Holdings, Inc.

Corporate Family Rating to B2 from B3

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

Senior secured term loan due 2022 to B1 (LGD 3) from B3 (LGD 3)

Senior unsecured notes due 2023 to Caa1 (LGD 5) from Caa2 (LGD 6)

The following ratings were assigned:

Air Medical Group Holdings, Inc.

Senior secured term loan due 2024 at B1 (LGD 3)

Senior unsecured term loan due 2025 at Caa1 (LGD 5)

Rating outlook: Stable

RATINGS RATIONALE

Air Medical's B2 Corporate Family Rating reflects its high leverage
as Moody's expects debt/EBITDA to remain above six times following
the acquisition of AMR. The rating also reflects the execution risk
with an accelerated pace of acquisition activity, with the AMR
acquisition following shortly after the mid 2017 acquisition of Air
Medical Resource Group ("AMRG") for $735 million. The rating
considers the company's position as the largest provider of medical
transportation with revenues in excess of $3.7 billion. The
combined firm also benefits from a meaningful level of
diversification by services, payers and geographies. The ratings
also reflect the company's good liquidity with access to an undrawn
$275 million asset-based revolver and Moody's expectations that the
company will maintain positive free cash flow.

The rating outlook is stable. Moody's expects that Air Medical will
generate low to mid-single digit organic EBITDA growth as the
company achieves synergies from recent acquisitions. Moody's also
expects the company to use free cash flow primarily for tuck-in
acquisitions that would be deleveraging in nature.

Ratings could be upgraded if the company is able to successfully
integrate the acquisitions of AMR and AMRG without disruption. The
company would also need to sustain debt/EBITDA below 5.5 times
while maintaining its good liquidity profile before Moody's would
consider an upgrade.

Ratings could be downgraded if the company experiences meaningful
integration issues with the AMR and/or AMRG acquisitions, if its
financial policies become more aggressive, or if liquidity weakens.
Ratings could also be downgraded if debt/EBITDA is sustained above
6.5 times.

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

Air Medical provides emergency air medical transportation services
in the United States and will be the largest operator of ground
medical transportation following the acquisition of AMR. Air
Medical is owned by Kohlberg Kravis Roberts & Co. L.P. Pro-forma
revenues are approximately $3.7 billion.


AIR MEDICAL: S&P Affirms 'B' CCR on Envision HealthCare Acquisition
-------------------------------------------------------------------
Air Medical Group Holdings Inc. entered into a definitive agreement
to acquire Envision
Healthcare Corp.'s medical transport business (American Medical
Response) for $2.4 billion. The transaction will be funded by a
$1.455 billion incremental term loan B, a $730 million unsecured
term loan, and preferred equity. Pro forma the acquisition,
adjusted leverage rises to the mid-7x area for 2018, up from S&P's
previous forecast of 5x-6x.

As a result, S&P Global Ratings affirmed its 'B' corporate credit
rating on Air Medical Group Holdings Inc. The outlook is stable.

S&P said, "At the same time, we affirmed our 'B' issue-level rating
on Air Medical's $3.405 billion senior secured term loans, which
include the proposed $1.455 billion incremental term loan. The
recovery rating is '3' and reflects our expectation for meaningful
(50%-70%; rounded estimate: 65%) recovery in the event of payment
default.

"We also affirmed our 'CCC+' issue-level rating on the $370 million
unsecured notes. The recovery rating is '6' and reflects our
expectation for negligible (0%-10%; rounded estimate: 0) recovery
in the event of payment default.

"Lastly, we assigned our 'CCC+' issue-level rating to the proposed
$730 million unsecured term loan. The recovery rating is '6' and
reflects our expectation for negligible (0%-10%; rounded estimate:
0) recovery in the event of payment default.

"Although we expect Air Medical's leverage to increase and margins
to contract because of the acquisition of the American Medical
Response (AMR) unit of Envision Healthcare Corp., our rating
affirmation reflects the increase in scale, diversification, market
position, and improvement in earnings stability from the
acquisition. Furthermore, we expect the combined entity will
generate moderate free cash flow. We estimate pro forma adjusted
debt leverage, including year one anticipated synergies and
incorporating restructuring costs as well as considering the
preferred stock as debt-like, to be around the mid-7x area for the
fiscal year ending Dec. 31, 2018, compared with our prior
expectations of leverage in the 5x-6x range.

"Our stable rating outlook reflects our expectation that Air
Medical's leverage will be in the 7x-8x range by end of 2018. The
rating includes tolerance for some volatility around our base case
because of external factors such as weather and uncompensated care.
It also includes our expectation that the company will use the
majority of free cash flow for tuck-in acquisitions.

"We could lower the rating if the company's leverage increases
above 8x or free cash flow falls to negligible levels. This could
be the result of  material weakness in operating performance or
higher-than-expected integration costs that leads to about a
100-basis-point decline in EBITDA margins from our base-case
scenario. This scenario would also reduce interest coverage and
cash flow generation.

"We could raise the rating if the company reduces leverage to
around 6x. We also have to be convinced that the company would
sustain leverage at this level. We believe this scenario is
unlikely over the next 18 months."


AJUBEO LLC: Hires BGA Management as CRO
---------------------------------------
Ajubeo LLC, seeks authority from the U.S. Bankruptcy Court for the
District of Colorado to employ BGA Management, LLC, d/b/a Alliance
Management, as chief restructuring officer to the Debtor.

Ajubeo LLC requires BGA Management to:

   (a) manage and control all disbursements and all purchases of
       goods and services;

   (b) retain and supervise attorneys and other professionals to
       represent the Debtor and assist in conducting and
       effectuating the Sale Process;

   (c) administer and execute the Sale Process and to execute
       and deliver all agreements, instruments and other
       documents, and take such other actions as the CRO
       considers necessary or advisable to effectuate the Sale
       Process and carry out the purposes thereof;

   (d) represent the Debtor in discussions, negotiations and
       agreements with Lender, other creditors, stakeholders and
       constituencies of the Debtor, and manage the relationships
       with, and communications to and from, such Persons,
       including, without limitation, with respect to
       modification, settlement or other restructuring issues,
       including credit, loan and forbearance agreements and
       extensions and other modifications to such agreements;

   (e) oversee the Debtor's cash financial functions in order to
       maintain adequate liquidity to allow execution of the Sale
       Process; and

   (f) manage the day-to-day operations of the Debtor's business.

BGA Management will be paid at these hourly rates:

     Michael Knight               $495
     Alex Smith                   $395
     Mark Thomas                  $385
     David Burke                  $385
     Brock Kline                  $375

BGA Management will be paid a retainer in the amount of $20,000.

The firm will also be paid a Success Fee equal to: (i) 2% of the
purchase price consideration paid, whether by one or more buyers,
for the Assets sold up to $1,545,000, and (ii) 5% of the purchase
price consideration paid in excess of $1,545,000.

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

Alex Smith, principal of BGA Management, LLC, d/b/a Alliance
Management, 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.

BGA Management can be reached at:

     Alex Smith
     BGA MANAGEMENT, LLC,
     D/B/A ALLIANCE MANAGEMENT
     1400 Sixteenth Street, Market Square, Suite 400
     Denver, CO 80202
     Tel: (720) 932-8060

                   About Ajubeo LLC

Ajubeo, LLC -- https://www.ajubeo.com/ -- is a privately held
provider of internet infrastructure software and equipment. Founded
in 2011 and headquartered in Greater Denver Area in Boulder,
Colorado, Ajubeo serves clients all over the world with datacenter
hubs in Denver, New Jersey, Frankfurt, and Dusseldorf Germany.

Ajubeo, LLC, filed a Chapter 11 petition (Bankr. D. Colo. Case No.
17-17924) on Aug. 25, 2017. The petition was signed by Jeff Kuo,
chairman of the Board of Managers.

At the time of filing, the Debtor estimated $1 million to $10
million both in assets and liabilities.

Joshua M. Hantman, Esq., at Brownstein Hyatt Farber Schreck, LLP,
serves as counsel to the Debtor. BGA Management, LLC, d/b/a
Alliance Management, serves as chief restructuring officer.


ALL PURPOSE SOLUTIONS: Case Summary & 20 Top Unsecured Creditors
----------------------------------------------------------------
Debtor: All Purpose Solutions, LLC
        65 Glen Road, Box #112
        Garner, NC 27529

Type of Business: Formed in 2013, All Purpose Solutions, LLC
                  operates as a Limited Liability Company.
                  The principal office address of All Purpose
                  Solutions, LLC is 65 Glen Road, Suite 112
                  Garner, NC 27529.

Chapter 11 Petition Date: September 8, 2017

Case No.: 17-04428

Court: United States Bankruptcy Court
       Eastern District of North Carolina
       Raleigh Division

Judge: Hon. David M. Warren

Debtor's Counsel: Jason L. Hendren, Esq.
                  HENDREN, REDWINE & MALONE, PLLC
                  4600 Marriott Drive, Suite 150
                  Raleigh, NC 27612
                  Tel: 919 573-1422
                  Fax: 919 420-0475
                  Email: jhendren@hendrenmalone.com

                     - and -

                  Rebecca F. Redwine, Esq.
                  HENDREN, REDWINE & MALONE, PLLC
                  4600 Marriott Drive, Suite 150
                  Raleigh, NC 27612
                  Tel: 919 420-0941
                  Fax: 919 420-0475
                  E-mail: rredwine@hendrenmalone.com

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Kandie Spangler, managing member.

The Debtor's list of 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/nceb17-04428.pdf


ALLIANCE SECURITY: Creditors' Panel Hires Robinson as Counsel
-------------------------------------------------------------
The Official Committee of Unsecured Creditors of Alliance Security,
Inc., seeks authorization from the U.S. Bankruptcy Court for the
District of Rhode Island to retain Robinson & Cole LLP, as counsel
to the Committee.

The Committee requires Robinson to:

   a. advise the Committee and representing it with respect to
      proposals and pleadings submitted by the Debtor or others
      to the Court;

   b. represent the Committee with respect to any plan of
      reorganization or disposition of assets proposed in the
      bankruptcy case;

   c. attend hearings, drafting pleadings and generally
      advocate positions with further the interests of the
      creditor constituency represented by the Committee;

   d. assist in the examination of the Debtor's affairs and a
      review of its operations;

   e. advise the Committee as to the progress of this case; and

   f. perform other professional services as are in the best
      interests of those represented by the Committee, including
      without limitation those delineated in section 1103(c) of
      the Bankruptcy Code.

Robinson will be paid at these hourly rates:

     Steven J. Boyajian               $400
     Michael R. Enright               $400
     Patrick M. Birney                $400
     Andrew A. DePeau                 $250

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

Steven J. Boyajian, a partner of Robinson & Cole LLP, assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and (a) is not
creditors, equity security holders or insiders of the Debtor; (b)
has not been, within two years before the date of the filing of the
Debtor' chapter 11 petition, directors, officers or employees of
the Debtor; and (c) does not have an interest materially adverse to
the interest of the estate or of any class of creditors or equity
security holders, by reason of any direct or indirect relationship
to, connection with, or interest in, the Debtor, or for any other
reason.

Robinson can be reached at:

     Steven J. Boyajian, Esq.
     ROBINSON & COLE LLP
     One Financial Plaza, Suite 1430
     Providence, RI 02903
     Tel: (401) 709-3359
     Fax: (401) 709-3399
     E-mail: sboyajian@rc.com

                About Alliance Security, Inc.

Headquartered in Warwick, Rhode Island, Alliance Security, Inc. --
http://www.alliancesecurity.com/-- is a security system supplier.

Alliance Security filed for Chapter 11 bankruptcy protection
(Bankr. D. R.I. Case No. 17-11190) on July 14, 2017, estimating its
assets and liabilities at between $1 million and $10 million each.
The petition was signed by Jasjit Gotra, president, CEO.

Judge Diane Finkle presides over the case.

William J. Delaney, Esq., at The Delaney Law Firm LLC, serves as
the Debtor's bankruptcy counsel.

William K. Harrington, U.S. Trustee for the District of Rhode
Island, on July 27, appointed three creditors to serve on the
official committee of unsecured creditors in the Chapter 11 case of
Alliance Security, Inc.  The Committee hired Robinson & Cole LLP,
as counsel.


ALLY FINANCIAL: Fitch Affirms BB+ IDR & Alters Outlook to Positive
------------------------------------------------------------------
Fitch Ratings has affirmed Ally Financial's long-term Issuer
Default Rating (IDR) at 'BB+' and short-term IDR at 'B'. The Rating
Outlook has been revised to Positive from Stable.

The rating actions have been taken as part of Fitch's periodic peer
review of U.S. consumer finance companies, which comprises four
publicly rated firms.

KEY RATING DRIVERS - IDRs, VRs, AND SENIOR DEBT

The Positive Rating Outlook reflects Fitch's expectations for
improving profitability given the continued funding mix shift to
retail deposits, manageable increases in deposit pricing should the
Federal Reserve (Fed) raise rates further, stabilizing credit
performance on more recent loan vintages, and expectations for
continued measured expansion of Ally's non-auto business segments
over the medium term. Fitch also views favorably the moderation in
Ally's asset growth given heightened competition in the auto sector
and, up until recently, a loosening of underwriting standards by
auto lenders over the past few years.

The rating affirmation reflects Ally's strong franchise, leading
market position in the U.S. auto finance industry, solid credit
quality, diverse funding base, ample liquidity, adequate
risk-adjusted capitalization and seasoned management team. Primary
rating constraints include weaker profitability and higher reliance
on wholesale funding sources relative to more highly rated bank
peers. Additional rating constraints include Ally's concentrated
and cyclical business model and the potential for greater pricing
sensitivity on internet-sourced deposits during a sustained period
of rising interest rates.

While Ally experienced a reversion in profitability over the past
year, Fitch believes that was the result of a transition phase for
the company as it absorbed higher loss provisions, resulting from
the change in mix in its consumer auto portfolio, which coincided
with a sharper decline in used vehicle prices. However, it
continued to invest in growing its online deposit platform and
pursuing business diversification initiatives. Fitch expects Ally's
credit performance to stabilize over the near term, and for margin
expansion and moderate loan growth to contribute to improved
profitability over the next few years. Funding cost improvement
will also be a key input into future profitability as Ally has over
$9 billion of unsecured debt maturities through 2020 that have a
weighted average coupon of roughly 4.8% compared to its current
average deposit cost of 1.18%. Fitch expects the firm will continue
to refinance a significant portion of its unsecured maturities with
retail deposits.

Consumer auto originations in the first half of 2017 (1H17)
declined roughly 5% from the same period a year ago, as the company
tightened underwriting in the 2H16 and new car sales have moderated
thus far in 2017. Ally lost its lease and subvented loan volume
from General Motors Company (GM) in 2015, but that volume has been
largely replaced with loan growth in alternate channels (e.g. used
vehicles, nonprime originations, new dealer relationships). With a
meaningful shift in Ally's loan origination mix occurring over a
relatively short period of time, the underlying credit performance
of the more recent vintages remains an important driver of Ally's
ratings. However, credit losses on Ally's 2015 and 2016 loan
vintages, while weaker than previous years, have been within a
reasonable range thus far. Further, while the portfolio mix shift
has yielded higher credit losses, Fitch views the reduction in
Ally's lease exposure favorably given Fitch's expectations for
further softness in used vehicle prices.

Credit losses ticked-up over the past 12 months reflecting Ally's
portfolio shift away from GM subvented loan and lease volume over
the past couple of years and weaker used vehicle prices. However,
credit performance stabilized in the second quarter of 2017 (2Q17)
with Ally's retail auto net charge-off rate at 1.20%. While this
was up from 0.94% in 2Q16, it was down from 1.54% in 1Q17 and below
management's full year charge-off rate expectation of 1.4%-1.6%.
Ally's retail auto 30+ day delinquencies increased to 2.71% of
loans, up 11 basis points (bps) from the year-ago period. The
moderation in delinquency rates in the 1H17 coupled with the recent
stabilization in used car auction prices suggests a moderation in
charge-offs over the remainder of 2017 (exclusive of typical
seasonality). Reserve coverage is consistent with current loss
rates at 1.5% of consumer auto loans and 1.3x net charge-offs at
June 30, 2017. Fitch believes credit performance could worsen
further in the near term should used vehicle prices decline at a
more rapid pace, although the effect of Ally's portfolio mix shift
should become less impactful.

Counterbalancing the weaker credit performance of Ally's retail
auto portfolio recently has been the sharp decline of Ally's lease
residual exposure over the past few years. Ally's net auto lease
portfolio has roughly halved from $19.5 billion at the end of 2014
to $9.7 billion at the end of 2Q17, and is expected to decline
further over the next 12 months. Fitch views the reduction in
Ally's lease residual exposure positively given the expectation for
further declines in used vehicle prices over the next couple of
years despite recent stabilization.

Ally has a diverse mix of funding sources. At June 30, 2017,
deposits represented 59% of Ally's total funding, with secured debt
accounting for 26% and unsecured debt accounting for 15%.
Short-term wholesale funding, including $3.5 billion of unsecured
demand notes, represented only 7% of Ally's total funding at June
30, 2017. Ally is targeting for deposits to represent 70%-75% of
funding over the medium term. Fitch views the diverse funding
strategy positively as it reduces funding concentration risk and
provides more flexibility in the event that wholesale funding
sources (securitization and public debt markets) dry up or become
cost prohibitive, or if the online deposit platform experiences
material outflows in a rising interest rate environment. Although
deposit betas following the recent interest rate hikes have been
relatively modest, Fitch expects additional tightening by the Fed
to result in more significant increases in deposit rates for online
banks including Ally. However, this should be more than offset by
the replacement of maturing higher-cost unsecured debt and
increased yields on the loan portfolio.

Ally maintains adequate liquidity with $18.4 billion of total
consolidated liquidity (excluding $2.5 billion of undrawn credit
facilities) at the end of 2Q17. This compared to unsecured debt
maturities of $3.4 billion over the next 12 months. Fitch views
unused credit line capacity as an additional liquidity source, but
potentially less reliable than cash or high-quality liquid assets,
given that it generally requires eligible assets to collateralize
incremental funding. However, Ally's loan portfolio is mostly
unencumbered reflecting the company's high mix of deposit and
unsecured funding, suggesting a higher likelihood the credit
facilities could be drawn upon during periods of stress.

Ally remains well capitalized, as reflected by Basel III
Transitional Tier I capital and Tier I common ratios of 11.2% and
9.5%, respectively, as of June 30, 2017. The company estimates that
the fully phased-in Basel III Tier I common ratio was 9.4% at June
30, 2017. Fitch views the company's capital position as adequate
given the risk profile of its balance sheet.

On June 28, 2017, Ally received a non-objection on its capital plan
from the Fed as part of the Comprehensive Capital Analysis and
Review (CCAR) process. This resulted in Ally increasing its
quarterly cash dividend to $0.12 per share from $0.08 per share and
authorizing a share repurchase program of up to $760 million of
common stock over the four quarters ended June 30, 2018. Although
this level of shareholder payout relative to net income is
consistent with other large banks, Fitch expects this will result
in fairly stable regulatory capital ratios for the company over the
near term, given expectations for modest asset growth and an
improving earnings trajectory.

SUBORDINATED DEBT AND OTHER HYBRID SECURITIES

Ally's subordinated debt rating is one notch below Ally's VR of
'bb+' in accordance with Fitch's assessment of each instrument's
respective non-performance and relative loss severity risk profile.
The subordinated note rating includes one notch for loss severity
given the subordination of these securities in the capital
structure, and zero notches for non-performance given contractual
limitations on interest payment deferrals and no mandatory trigger
events which could adversely impact performance.

The rating assigned to the trust preferred securities, series 2
issued out of GMAC Capital Trust I is 'b+', three notches below
Ally's VR of 'bb+'. The rating reflects the subordination of the
securities and Ally's option to defer coupon payments, and is in
accordance with Fitch's assessment of each instrument's respective
non-performance and relative loss severity risk profile.

SUPPORT RATING AND SUPPORT RATING FLOOR

Ally has a Support Rating of '5' and Support Rating Floor of 'NF'.
In Fitch's view, Ally is not systemically important, and therefore
the probability of sovereign support is unlikely. Ally's IDRs and
VRs do not incorporate any support.

RATING SENSITIVITIES - IDRs, VR, SENIOR UNSECURED DEBT, SHORT-TERM
DEBT

Ally's ratings could be upgraded if the company demonstrates
further improvements in profitability and operating fundamentals,
retail deposit growth continues on a positive trajectory that is
consistent with management's medium-term target for deposits
representing about 70% of overall funding, and credit performance
on its more recent loan vintages continues to stabilize. A ratings
upgrade will also be contingent upon Ally's ability to retain
online deposit customers in a cost-effective manner in a rising
rate environment, which will be a key consideration in evaluating
the strength of its funding profile relative to traditional bank
models.

Given the timeframe it will likely require for the company to
further reduce its reliance on wholesale funding and narrow the
profitability gap relative to its peer group, while demonstrating
credit stability on its less seasoned loan vintages, Fitch expects
the resolution of the Rating Outlook to be in the latter part of
the 12-24 month Outlook horizon.

A revision of the Outlook back to Stable from Positive could be
driven by an inability to realize improvements in profitability
over the Outlook horizon, meaningful deterioration in asset quality
relative to peers, a sharp reduction in capital and liquidity
levels, an inability to access the capital markets for funding on
reasonable terms, and/or the issuance of potential new and more
onerous regulations that negatively impact Ally's business model.
The Outlook could also be revised to Stable if Ally is unable to
achieve its deposit mix target over the medium term.

With respect to Ally's asset quality, Fitch remains focused on the
credit performance of the company's consumer auto portfolio
following the shift towards alternate origination channels and away
from GM lease subvention during a period when the competitive
environment was intense. Although Ally's exposure to residual value
risk should decline further with the reduction in subvented lease
volume, to the extent that a higher risk profile for Ally's auto
loan portfolio is not counterbalanced by the reduction in its
residual exposure, Ally's ratings or Outlook could be pressured.

Similarly, Ally's rollout of new product initiatives such as
residential mortgages, credit card, and retail brokerage, while
viewed as a positive ratings driver from a revenue diversification
aspect, also create other risks including increased reliance on
third-party execution and reputational risk that could result in
ratings and Outlook pressure.

SUBORDINATED DEBT AND OTHER HYBRID SECURITIES

The subordinated debt ratings are directly linked to Ally's VR and
would move in tandem with any changes in the VR.

The preferred stock ratings are directly linked to Ally's VR and
would move in tandem with any changes in Ally's credit profile.

SUPPORT RATING AND SUPPORT RATING FLOOR

Since Ally's Support and Support Rating Floors are '5' and 'NF',
respectively, there is limited likelihood that these ratings will
change over the foreseeable future.

Fitch has affirmed the following ratings:

Ally Financial Inc.
-- Long-term IDR at 'BB+';
-- Senior unsecured debt at 'BB+';
-- Viability rating at 'bb+';
-- Subordinated debt at 'BB';
-- Short-term IDR at 'B';
-- Short-term debt at 'B';
-- Support rating at '5';
-- Support Floor at 'NF'.

GMAC Capital Trust I
-- Trust preferred securities, series 2 at 'B+/RR3'.

GMAC International Finance B.V.
-- Long-term IDR at 'BB+';
-- Short-term IDR at 'B';
-- Short-term debt at 'B'.

The Rating Outlook has been revised to Positive from Stable.


ALTADENA LINCOLN: In Talks with Lender, Seeks More Exclusivity
--------------------------------------------------------------
Altadena Lincoln Crossing LLC seeks a 120-day extension from the
U.S. Bankruptcy Court for the Central District of California of the
exclusivity period to solicit acceptance of its plan of
reorganization and any amendments thereto until February 1, 2018.

The Debtor filed its proposed disclosure statement and plan of
reorganization on June 12, 2017.  However, following the hearing on
the proposed disclosure statement held on August 2, 2017, the Court
continued the deadlines for the Debtor to file an amended
disclosure statement and plan of reorganization by September 13,
with the hearing on the amended disclosure statement to take place
on October 18.

While this case is not particularly large in size, the Debtor
contends that its case is complex in that there are claims against
East West Bank which the Debtor claims as illegal -- $12 million
default interest penalty -- and a potential complex lender
liability claims against the bank.

The Debtor relates that it has made good faith progress towards
reorganization.  Currently, the Debtor is negotiating with
creditors as to their claims, so that it may propose a confirmable
amended plan of reorganization.  The Debtor avers that it has open
communications with senior lender East West Bank with respect to
its claim, Rule 2004 discovery, and the future objection to East
West Bank's claim with respect to the significant default interest
penalty issue.

Accordingly, the Debtor anticipates filing an amended disclosure
statement to provide additional information in light of East West
Bank's and George Garikian's objections and the Court's comments
from the August 2 disclosure statement hearing.  The Debtor intends
to file its First Amended Plan and First Amended Disclosure
Statement by September 13.

Because the Debtor filed its Plan within the 120-day period
following the petition date, the exclusivity period to solicit
acceptances of its proposed Plan expires on October 4, 2017.

The Debtor tells the Court that it has not requested any previous
extensions of the exclusivity periods. The Debtor contends that
this first request of extension does not extend beyond a date that
is 18 months after the bankruptcy filing date.  The Debtor tells
the Court that resolution of the default interest dispute and the
consequent reduction in the claim held by East West Bank is a
precondition of the Debtor's exit plan, as currently proposed.  The
Debtor avers that the outcome and successful resolution of such
claims is not a precondition to confirmation.

               About Altadena Lincoln Crossing LLC

Headquartered in Pasadena, California, Altadena Lincoln Crossing
LLC, a Delaware limited liability company, filed for Chapter 11
bankruptcy protection (Bankr. C.D. Cal. Case No. 17-14276) on April
7, 2017, estimating its assets and liabilities at between $10
million and $50 million each. The petition was signed by Greg
Galletly, manager.

The Debtor is an affiliate of BGM Pasadena, LLC, which sought
bankruptcy protection on Nov. 20, 2015 (Bankr. C.D. Cal. Case No.
15-27833).

Judge Julia W. Brand presides over Altadena's case.  James A
Tiemstra, Esq., at Tiemstra Law Group PC serves as the Debtor's
bankruptcy counsel. Gregory M. Salvatao Esq. at Salvato Law Offices
serves as the Debtor's general bankruptcy and litigation counsel.
Coldwell Banker Commercial North Country serves as the Debtor's
real estate broker.


AMERICAN EXPRESS: Fitch Affirms BB+ Preferred Shares Rating
-----------------------------------------------------------
Fitch Ratings has affirmed American Express Company's (AXP)
Long-Term Issuer Default Rating (IDR) at 'A', Viability Rating (VR)
at 'a' and Short-Term IDR at 'F1'. The Rating Outlook has been
revised to Stable from Negative.

The rating actions have been taken as part of Fitch's periodic peer
review of U.S. consumer lending-focused internet banks, which
comprises four publicly rated firms.

KEY RATING DRIVERS

VR, IDRs, AND SENIOR UNSECURED DEBT

The rating affirmations reflect AXP's strong franchise,
spend-centric business model, leading market position in the
payments industry, peer-superior credit performance, consistent
profitability, diverse funding base, ample liquidity, and strong
risk-adjusted capitalization.

The revision of AXP's Outlook to Stable from Negative reflects the
stabilization of its key operating performance metrics over the
past year, specifically the resumption of billed business and
revenue growth (adjusted for Costco) to levels more in line with
those achieved prior to the termination of the Costco relationship.
In addition, the company continues to make progress on other
strategic initiatives that management outlined in 1Q16, which
included reducing its operating expenses by $1 billion, increasing
its penetration of existing cardholders' revolving balances,
accelerating growth of its middle market and small business
customer franchises, and improving merchant acceptance of its card
products in the U.S. Fitch views the more stable trends as
sustainable over the Outlook horizon.

Rating constraints include AXP's concentrated and cyclical business
model, potential funding sensitivity associated with wholesale and
internet deposit funding sources, the likelihood of asset quality
reversion from current levels, and continued elevated regulatory
and legislative risk.

Although competitive intensity in the credit card sector has
manifested itself most prominently in the bidding process for
co-brand partnerships, competition in rewards offerings to premium
customers more broadly remains intense. Other payment networks have
also become more aggressive in offering lower interchange fees to
merchants that produce significant volume, and emerging payment
technologies could further pressure merchant pricing. Although
these developments could drive more rapid erosion of AXP's discount
rate and apply further pressure to operating margins, the company
has demonstrated an ability to leverage the flexibility of its
closed loop business model in navigating similar challenges during
previous market cycles.

In addition to the previously mentioned secular headwinds, Fitch
believes several cyclical headwinds could continue to pressure
AXP's revenue and EPS growth over the near term. These include a FX
volatility, higher interest rates, credit normalization, and weak
global economic growth. Over the longer term, Fitch believes AXP's
operating performance should remain strong relative to peers,
supported by the company's largely fee-based business model and
scale advantages, the continued secular shift in global payments
away from cash and checks, a growing card member base, and
continued expense discipline. Nonetheless, Fitch believes both
cyclical and secular challenges may result in greater earnings
volatility over the medium term than AXP has experienced in the
past, particularly should lending become a larger driver of the
company's revenue.

Credit performance is expected to remain among the strongest of
large credit card issuers, although charge-offs and delinquencies
have begun to trend higher as balances from new accounts season.
Fitch expects the growth in provision expense to continue to
outpace loan growth over the next several quarters driven primarily
by portfolio seasoning, as well as some modest deterioration in
credit metrics. Net charge-offs on the lending portfolio increased
30 basis points (bps) to 1.8% in 2Q17 compared to 1.5% in 2Q16 but
are well below other large credit card issuers and remain near
historical lows. As a result of the increases in loss provision,
reserve coverage increased to 2% of loans and 167% of loans past
due at June 30, 2017, compared to 1.8% and 160%, respectively, a
year ago.

Although down from last year's level, AXP's regulatory capital
ratios remain a rating strength. The company's common equity Tier I
ratio (CET1) dipped 120 bps to 12.3% at the end of 2Q17 compared to
the year ago quarter. While Fitch expects AXP's CET1 to continue to
decline over time toward its 10% longer-term target, its payout
ratio as a percentage of earnings should also moderate to reflect
the increase in capital needed to support strong loan growth.

AXP's liquidity profile is also a rating strength. The company had
approximately $30 billion of readily available cash and marketable
securities at June 30, 2017, of which a portion is used to fund
daily operating activities. This compared to $11.8 billion of
long-term debt and certificate of deposit maturities over the next
12 months. Of the $11.8 billion of debt and deposits maturing over
the next 12 months, $8.6 billion consisted of unsecured debt
maturities.

The affirmation of AXP's Short-Term IDRs at 'F1' reflects the
strongest intrinsic capacity for timely payment of financial
commitments and maintains the correspondence between short-term and
long-term IDRs, as the 'F1' short-term IDR can correspond to both
an 'a+' and an 'a' VR under Fitch's criteria.

SUBORDINATED DEBT AND OTHER HYBRID SECURITIES

AXP's rating on the 3.625% subordinated notes due December 2024 is
one notch below the entity's VR of 'a' in accordance with Fitch's
assessment of each instrument's respective non-performance and
relative loss severity risk profile. The subordinated note rating
includes one notch for loss severity given the subordination of
these securities in the capital structure, and zero notches for
non-performance given contractual limitations on interest payment
deferrals and no mandatory trigger events which could adversely
impact performance.

AXP's preferred stock ratings are rated five notches below its VR
of 'a' in accordance with Fitch's assessment of each instrument's
respective non-performance and relative loss severity risk profile.
The preferred stock ratings include two notches for loss severity
given these securities' deep subordination in the capital structure
and three notches for non-performance given that the coupons of
these securities are non-cumulative and fully discretionary.

LONG- AND SHORT-TERM DEPOSIT RATINGS

AXP Centurion Bank's and AXP Bank, FSB's uninsured deposit ratings
of 'A+/F1+' are rated one notch higher than their respective IDR's
because U.S. uninsured deposits benefit from depositor preference
in the U.S. Fitch believes depositor preference in the U.S. gives
deposit liabilities superior recovery prospects in the event of
default.

HOLDING COMPANY

AXP's IDR and VR are equalized with those of its bank subsidiaries,
reflecting its role as the bank holding company, which is mandated
in the U.S. to act as a source of strength for its bank
subsidiaries. Ratings are also equalized reflecting the very close
correlation between holding company and subsidiary failure and
default probabilities.

SUPPORT RATING AND SUPPORT RATING FLOOR

AXP has a Support Rating of '5' and Support Rating Floor of 'NF'.
In Fitch's view, AXP is not systemically important and therefore,
the probability of sovereign support is unlikely. AXP's IDRs and
VRs do not incorporate any support.

RATING SENSITIVITIES
IVR, IDRs, AND SENIOR DEBT

Negative rating momentum could be driven by an inability to sustain
the recent stabilization in AXP's core operating trends for an
extended period, a material degradation in credit performance
relative to peers, a sharper than expected erosion in AXP's
discount rate, and/or meaningfully weaker liquidity and capital
levels. Negative rating momentum could also be driven by additional
regulatory and/or legal challenges, technological developments in
payments, and continued competitive intensity that leads to
significant erosion in AXP's market share and competitive
position.

Fitch believes positive rating momentum is relatively limited in
the near term, given the heightened competitive environment, AXP's
concentrated exposure credit/charge cards, and its high reliance on
wholesale funding. Longer-term positive rating momentum could
potentially be driven by successful navigation of current
regulatory, partnership and competitive/technological challenges,
increased earnings diversification that results in less cyclical
financial performance, and enhanced funding diversity/stability,
particularly with respect to internet-based deposits.

SUBORDINATED DEBT AND OTHER HYBRID SECURITIES

The subordinated debt rating is directly linked to AXP's VR and
would move in tandem with any changes in AXP's credit profile.

The preferred stock ratings are directly linked to AXP's VR and
would move in tandem with any changes in AXP's credit profile.

LONG-AND SHORT-TERM DEPOSIT RATINGS

AXP Centurion Bank and AXP Bank, FSB's uninsured deposit ratings
are rated one notch higher than each company's IDR and therefore
are sensitive to any changes in their respective IDR's. The deposit
ratings are primarily sensitive to any change in AXP's long- and
short-term IDRs.

HOLDING COMPANY

Should AXP's holding company begin to exhibit signs of weakness,
demonstrate trouble accessing the capital markets, or have
inadequate cash flow coverage to meet near-term obligations, Fitch
could notch the holding company IDR and VR below the ratings of the
operating companies.

SUPPORT RATING AND SUPPORT RATING FLOOR

Since AXP's Support and Support Rating Floors are '5' and 'NF',
respectively, there is limited likelihood that these ratings will
change over the foreseeable future.

Fitch has affirmed the following ratings:

American Express Company
-- Long-Term IDR at 'A';
-- Short-Term IDR at 'F1';
-- Viability Rating at 'a';
-- Senior debt at 'A';
-- Short-term debt at 'F1'
-- 3.625% subordinated notes due December 2024 at 'A-';
-- Preferred shares, series B at 'BB+';
-- Preferred shares, series C at 'BB+';
-- Support at '5';
-- Support Floor at 'NF'.

American Express Credit Corp.
-- Long-Term IDR at 'A';
-- Short-Term IDR at 'F1';
-- Senior debt at 'A';
-- Short-term debt at 'F1'.

American Express Centurion Bank
-- Long-Term IDR at 'A';
-- Short-Term IDR at 'F1';
-- Viability Rating at 'a';
-- Senior debt at 'A';
-- Long-term deposits at 'A+';
-- Short-term deposits at 'F1+';
-- Support at '5';
-- Support Floor at 'NF'.

American Express Bank, FSB
-- Long-Term IDR at 'A';
-- Short-Term IDR at 'F1';
-- Viability Rating at 'a'.
-- Long-term deposits at 'A+';
-- Short-term deposits at 'F1+';
-- Support at '5';
-- Support Floor at 'NF'.

American Express Travel Related Services Company, Inc.
-- Long-Term IDR at 'A';
-- Short-Term IDR at 'F1'.

American Express Canada Credit Corp.
-- Long-Term IDR at 'A';
-- Short-Term IDR at 'F1'.
-- Senior debt at 'A'.

The Rating Outlook is Stable.


AMERIFLEX ENGINEERING: Seeks Jan. 12 Plan Exclusivity Extension
---------------------------------------------------------------
Ameriflex Engineering LLC asks the U.S. Bankruptcy Court for the
District of Oregon to extend:

     -- the Debtor's exclusive plan filing period to Jan. 12,
        2018, from Sept. 18, 2017, and

     -- the deadline imposed by 11 U.S.C. Section 1129(e) for
        the Court to rule on confirmation of the Debtor's plan
        to Jan. 12, 2018.

This is the Debtor's first request for an extension.  The U.S.
Trustee has indicated it does not object to the extension.

The Debtor relates that, roughly two weeks after filing for Chapter
11 bankruptcy protection on March 22, 2017, it initiated an
adversary proceeding against creditor Michael Zoller.  The Debtor
has diligently proceeded in litigating that Adversary Proceeding.
In that action, the Debtor seeks to mandatorily subordinate Mr.
Zoller's claim pursuant to the plain terms of 11 USC 510(b).
Unable to negotiate a resolution of that matter, on June 21, 2017,
the Debtor filed a motion for summary judgment.  Mr. Zoller
subsequently filed a cross-motion for summary judgment.  A hearing
was held on Aug. 28.  Both motions are currently under advisement.
The Court's decision regarding the pending motions will not be
issued until after the expiration of the exclusivity period.

The Debtor has roughly $2.5 million in liquidated liabilities.  Mr.
Zoller holds a claim totaling $1.5 million or roughly 60% of the
Debtor's total liabilities.  The Court's decision regarding Mr.
Zoller's claim will materially alter the Debtor's proposed plan.
The Debtor will be filing a plan of reorganization and disclosure
statement prior to the expiration of the exclusivity period.
However, that plan may need to be amended depending on the Court's
ruling on the Adversary Proceeding.

The Debtor assures the Court that it has made significant, good
faith progress toward reorganizing.  Ameriflex has made commendable
strides despite facing near constant opposition from Mr. Zoller.

The Debtor says it minimized the disruption to its business by
obtaining use of cash collateral and court approval for
post-petition financing from two sources, Wells Fargo Commercial
Distribution Finance, LLC, and Pacific Diamond and Precious Metals.
After major efforts, the Debtor was able to resolve a significant
dispute with Northpoint Financial to provide post-petition flooring
financing to Ameriflex's dealer to facilitate the purchase of
inventory from the Debtor.  The Debtor also successfully negotiated
with Wells Fargo over assumption of its flooring agreement.
Throughout the course of the bankruptcy and despite its negative
stigma, Ameriflex has made substantial efforts to maintain good
working relationships with its customers/dealers, parts suppliers,
vendors and roughly 49 employees.  As a result of the Debtor's
efforts, its business is stable and paying its debts as they come
due.

The Debtor's financial expert, R. Kim Short, is preparing plan
projections that will pay a significant percent of all allowed
claims or possibly even pay them in full with the exception of Mr.
Zoller's claim.  However, if administrative costs continue to grow
due to the opposition of Mr. Zoller, there is a serious risk that
the Debtor will have to decrease its proposed plan payments.  Based
on Mr. Short's projections, the Debtor will be filing its plan and
disclosure statement before the expiration of the exclusivity
period.  The Debtor very well may need to amend its plan and
disclosure statement once the court issues its decision regarding
the pending Adversary Proceeding.

According to the Debtor, additional time should be provided for the
creditors and court to consider Debtor's plan without wasting
substantial resources and time litigating regarding a competing
plan.  Expending substantial administrative expenses to litigate
over competing plans will only act to reduce and delay the recovery
for Debtor's creditors.

To date, the motions and objections raised by Mr. Zoller have only
acted to unduly increase administrative costs and delay the
administration of this case and ultimate reorganization of the
Debtor.  Those actions are to the direct detriment of other
creditors in this matter.  Extending exclusivity will not prejudice
any party in this matter, including Mr. Zoller.

Although extending exclusivity would delay a competing plan from
being filed, it will not limit creditor's ability to challenge the
terms of Debtor's plan, Mr. Short's projections or the disclosure
statement.  The Debtor will also continue to work on negotiating
with all creditors to determine if a resolution of all disputes is
possible so a consensual plan of reorganization can be confirmed.

                   About Ameriflex Engineering

Ameriflex Engineering LLC -- http://rhboats.com/and
http://fishrite-boats.com/-- is engaged in the design, development
and manufacturing of boats.  The Company was created in 2008 with
the acquisition of the assets of then struggling River Hawk Boats,
Inc.  Cajon, Inc. and Pacific Diamond & Precious Metals each own
50% membership interest in the Debtor.

The Debtor filed a Chapter 11 petition (Bankr. D. Or. Case No.
17-60837), on March 22, 2017.  The petition was signed by Pacific
Diamond & Precious Metals, Inc., member.  At the time of filing,
the Debtor estimated assets and liabilities between $1 million and
$10 million.

The case is assigned to Judge Thomas M. Renn.  The Debtor hired
Tara J. Schleicher, Esq., at Farleigh Wada Witt, as bankruptcy
counsel; Ball Janik LLP as special counsel; and Cramer & Associates
as accountant.

No trustee, examiner or committee has been appointed.


ATLAS TRADING: Case Summary & 13 Unsecured Creditors
----------------------------------------------------
Debtor: Atlas Trading Conglomerate, Inc.
           fdba Dollar Phone Access, Inc.
        34 Franklin Avenue, Suite 220
        Brooklyn, NY 11205

Type of Business: Atlas Trading Conglomerate Inc., formerly
                  known as Dollar Phone Access, filed as a
                  domestic business corporation in the State
                  of New York on Jan. 6, 2004.  Atlas provides
                  prepaid calling card services.

Chapter 11 Petition Date: September 10, 2017

Case No.: 17-44678

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

Judge: Hon. Elizabeth S. Stong

Debtor's Counsel: Edward N Gewirtz, Esq.
                  BRONSTEIN, GEWIRTZ & GROSSMAN, LLC
                  60 East 42nd Street, Suite 4600
                  New York, NY 10165
                  Tel: 212-697-6484
                  Fax: 212-697-7296
                  E-mail: chona@bgandg.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Aaron Schulman, chief restructuring
officer.

The Debtor's list of 13 unsecured creditors is available for free
at http://bankrupt.com/misc/nyeb17-44678.pdf

The following 9 creditors (collectively the "AT&T ILECs") combined
have a judgment entered in the Northern District of Texas for
$885,108 entered as of May, 31, 2016:

   1. Southwestern Bell Telephone Company
   2. BellSouth Telecommunications LLC
   3. Illinois Bell Telephone Company
   4. Indiana Bell Telephone Company Inc.
   5. Michigan Bell Telephone Company
   6. Nevada Bell Telephone Company
   7. Pacific Bell Telephone Company
   8. The Ohio Bell Telephone Company
   9. Wisconsin Bell Inc.

The AT&T ILECs combined further have an award for their attorneys'
fees in the amount of $1,235,642 + $16,685 in costs by the Northern
District of Texas.

The AT&T ILECs have further claimed entitlement to payment in the
amount of at least $163,615 for post judgment charges through July
2017 for the aforesaid judgment.

The AT&T ILECs have further sought at least $12,575 in attorneys'
fees based on a sanctions award in the Northern District of Texas,
plus the AT&T ILECs seek additional awards of sanctions.

In total, the AT&T ILECs combined have a disputed claim for at
least $2,313,626.


AVATAR PURCHASER: Moody's Assigns B3 CFR; Outlook Positive
----------------------------------------------------------
Moody's Investors Service assigned first time ratings to Avatar
Purchaser, Inc., a subsidiary of EAB, with a Corporate Family
Rating ("CFR") of B3 and a Probability of Default Rating ("PDR") of
B3-PD. Concurrently, Moody's assigned a B2 rating to Avatar's
proposed senior secured first lien credit facilities, comprised of
a $540 million term loan and an undrawn $70 million revolver. The
company's proposed $260 million second lien term loan is unrated.
The rating action follows the pending acquisition of EAB by
affiliates of Vista Equity Partners ("Vista") from The Advisory
Board Company ("Advisory Board") for an enterprise value of nearly
$1.6 billion (including fees) with proceeds of the debt financing
to be used to partially fund the purchase transaction. The ratings
outlook is positive.

Moody's assigned the following ratings:

Corporate Family Rating -- B3

Probability of Default Rating -- B3-PD

Senior Secured Revolving Credit Facility expiring 2022 -- B2
(LGD3)

Senior Secured First Lien Term Loan due 2024 -- B2(LGD3)

Outlook is Positive

RATINGS RATIONALE

Avatar's B3 CFR is constrained by the company's significant pro
forma debt leverage of approximately 10x adj. Debt/LTM EBITDA
(Moody's adjusted for operating leases and expensed capitalized
software costs) prior to the realization of planned cost synergies.
Additionally, Avatar's relatively small revenue base, nascent
history as a standalone operating entity, and risks associated with
the implementation of sizable operational restructuring initiatives
add uncertainty to the company's credit profile. However, Avatar's
rating is supported by the company's strong market position as a
provider of research, software, and technology-enabled services to
a diversified customer base of universities and other educational
institutions. The rating is also supported by Avatar's track record
of strong revenue growth and unlevered cash flow generation as well
as healthy business visibility provided by the company's
subscription-based revenue model featuring multi-year client
contracts with historically strong retention rates. After taking
into account expected cost synergies and Moody's expectation for
solid revenue growth, adjusted leverage should approach 7x by the
end of 2018.

The B2 ratings for Avatar's first lien bank debt reflect the
borrower's B3-PD PDR and a Loss Given Default ("LGD") assessment of
LGD3. The first lien ratings are one notch higher than the CFR and
take into account the bank debt's priority in the collateral and
senior ranking in the capital structure relative to Avatar's
unrated second lien bank debt.

Avatar's good liquidity is supported by the company's pro forma
cash balance of approximately $10 million following the completion
of the financing as well as Moody's expectation of FCF generation
approaching 5% of debt over the next 12 months. The company's
liquidity is also bolstered by an undrawn $70 million revolving
credit facility. While Avatar's term loans are not subject to
financial covenants, the revolving credit facility has a springing
covenant based on a maximum net first lien leverage ratio which the
company should be comfortably in compliance with over the next
12-18 months.

The positive outlook reflects Moody's expectation that Avatar will
generate high-single digit organic revenue growth over the next 12
to 18 months. Sales gains should be principally driven by ongoing
penetration of the company's core university/higher-educational
market within the United States as well as standard price increases
for Avatar's product suite. Concurrently, the realization of cost
synergies should allow the company to generate strong EBITDA growth
during this period, driving a contraction in leverage towards the
7x level by the end of 2018.

Factors that Could Lead to an Upgrade

The rating could be upgraded if Avatar sustains strong revenue
growth while driving profitability gains through the realization of
operational cost synergies that reduce adj. Debt/EBITDA to below 7x
and sustain FCF/debt above 5%. These measures, in conjunction, with
adherence to a conservative financial policy, would add upward
ratings pressure.

Factors that Could Lead to a Downgrade

The rating could be downgraded if Avatar were to experience a
weakening competitive position, revenue contracts and liquidity
weakens, or the company adopts more aggressive financial policies.

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

Avatar is a subsidiary of EAB, a leading provider of research,
software, and technology-enabled services to a diversified customer
base of universities and other educational institutions across the
United States. The company is in the process of being acquired by
affiliates of Vista from Advisory Board.


AVOLON HOLDINGS: Moody's Hikes CFR to Ba2; Outlook Stable
---------------------------------------------------------
Moody's Investors Service upgraded the corporate family rating of
Avolon Holdings Limited to Ba2 from Ba3, the senior secured ratings
of Avolon TLB Borrower 1 (US) LLC and Avolon TLB Borrower 1
(Luxembourg) S.a.r.l. to Ba1 from Ba2, and the senior unsecured
rating of Park Aerospace Holdings Limited to Ba3 from B1. The
outlook for all ratings is stable.

Issuer: Avolon Holdings Limited

-- Corporate Family Rating, Upgraded to Ba2 Stable from Ba3,
    Stable

-- Outlook, Remains Stable

Issuers: Avolon TLB Borrower 1 (US) LLC / Avolon TLB Borrower 1
(Luxembourg) S.a.r.l. (co-issuers)

-- Senior Secured Bank Credit Facility, Upgraded to Ba1 from Ba2

-- Outlook, Remains Stable

Issuer: Park Aerospace Holdings Limited

-- Senior Unsecured Regular Bond/Debenture, Upgraded to Ba3 from
    B1

-- Outlook, Remains Stable

RATINGS RATIONALE

Moody's upgraded Avolon's ratings to reflect the company's progress
integrating the operations of C2 Aviation Capital Inc. (C2), its
prospects for solid operating performance and financial profile
since acquiring C2, and Moody's expectations that the risk profile
of parent Bohai Capital Holding Co. Ltd. (Bohai) will improve over
the short to intermediate term.

Avolon continues to make strides toward completing the C2
integration, which is reducing integration risks and strengthening
the company's credit profile. Since acquiring C2 in April 2017,
Avolon has combined the workforces of the two firms and is on track
consolidating core operating systems.

Avolon's June 2017 financial results, its first since acquiring C2,
reflect the strong earnings and cash flow generation of the
combined company. In the last quarter, the company made significant
progress committing new pipeline aircraft to leases and renewing
maturing leases. Avolon is now the third largest aircraft leasing
company globally with a combined owned and managed fleet of 574 and
purchase commitments for 347 additional aircraft as of June 30,
2017. Avolon's combined fleet primarily consists of popular narrow
and mid-wide-body models, solidifying its position in the newest
technology aircraft, and is well-diversified both by airline and
geography. The company's low average fleet age coupled with greater
fleet granularity (partially a function of its increased size)
suggest a lower performance volatility going forward. Moody's
expects the combined company's operating performance to continue to
strengthen as the two firms are fully integrated.

Moody's expects that Bohai, Avolon's ultimate parent, will take
steps to strengthen its financial profile, including improvements
in capital and liquidity management, slower growth as a result of
reduced debt-funded acquisitions, and increased retained earnings
from its onshore and offshore leasing businesses. This reduces, but
doesn't eliminate, the constraint on Avolon's ratings represented
by Bohai's modest credit profile. Bohai's high leverage, reliance
on short-term financing and high debt-funded growth represent a
risk that Avolon will distribute capital to Bohai should Bohai
become distressed. However, these risks are mitigated by Avolon's
strategic importance to Bohai, measures taken to strengthen the
corporate governance of Avolon and the overall group, and
expectations that Bohai's financial condition will gradually
improve.

Avolon's ratings could be upgraded if the company 1) further
diversifies its funding to include additional unsecured sources,
with a strong liquidity buffer; 2) maintains solid profitability
and capital adequacy levels; 3) effectively manages the financing
and lease risks of its committed aircraft orders; and 4) better
contains the risk of credit-weakening capital outflows to Bohai..

Avolon's ratings could be downgraded if the firm pursues aggressive
growth that results in significantly higher leverage, its liquidity
position weakens, if profitability declines materially below peers,
or if Bohai undertakes funding arrangements or transactions that
increase risks to Avolon's credit profile.

The principal methodology used in these ratings was Finance
Companies published in December 2016.


BALLANTRAE LLC: Oct. 4 Disclosure Statement Hearing
---------------------------------------------------
Judge Erik P. Kimball of the U.S. Bankruptcy Court for the Southern
District of Florida has scheduled a hearing on Oct. 4, 2017, at
2:00 p.m. to consider approval of Ballantrae, LLC's disclosure
statement describing its plan of reorganization.

The last day for filing and serving objections to the Disclosure
Statement is Sept. 27, 2017.

                   About Ballantrae, LLC

Ballantrae, LLC, has a fee simple interest in a property located at
5397 Roebuck Road, Jupiter, Florida.  It operates a pre-school/day
care facility doing business as Oceanside Academy School at the
property.

Ballantrae, LLC, filed a Chapter 11 petition (Bankr. S.D. Fla. Case
No. 17-13427) on March 22, 2017.  The petition was signed by
Corinne Gates, Manager Member.  At the time of filing, the Debtor
had $2.03 million in total assets and $3.42 million in total
liabilities.

The Debtor tapped Brian K. McMahon, Esq., at Brian K. McMahon, as
counsel.


BK ENTERPRISES: Hires Perez-Kudzma Law as Counsel
-------------------------------------------------
BK Enterprises, Inc., seeks authority from the U.S. Bankruptcy
Court for the District of Massachusetts to employ Perez-Kudzma Law
Office, P.C., as counsel to the Debtor.

BK Enterprises requires Perez-Kudzma Law to:

   a. assist the Debtor in preparing schedules, statement of
      financial affairs and related documents with the
       Bankruptcy Court;

   b. employ professionals to assist in the reorganization of
      the Debtors;

   c. effectuate a reorganization of the Debtor's estate by
      filing the appropriate plans of reorganizations and
      disclosure statements, including any amendments thereto,
      and defend against any motions to dismiss and/or for
      relief from the stay;

   d. assist the Debtor in complying with Chapter 11 reporting
      and operations requirements, including filing necessary
      reports; and

   e. negotiate with creditors for adequate protection and the
      use of cash collateral, assumption or rejection of leases
      and executory contracts, objection to claims and related
      issues.

Perez-Kudzma Law will be paid based upon its normal and usual
hourly billing rates.  The firm will be paid $1,000 retainer. It
will also be reimbursed for reasonable out-of-pocket expenses
incurred.

Carmenelisa Perez-Kudzma, owner of Perez-Kudzma Law Office, 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.

Perez-Kudzma Law can be reached at:

     Carmenelisa Perez-Kudzma, Esq.
     PEREZ-KUDZMA LAW OFFICE
     413 Boston Post Road
     Weston, MA 02493
     Tel: (978) 505-3333
     E-mail: carmenelisa@pklolaw.com

               About BK Enterprises, Inc.

BK Enterprises, Inc., filed a Chapter 11 bankruptcy petition
(Bankr. D. Mass. Case No. 17-13197) on August 29, 2017, disclosing
under $1 million in both assets and liabilities.  The Debtor hired
Carmenelisa Perez-Kudzma, owner of Perez-Kudzma Law Office.


BNF REALTY BROOKLYN: Hires Aboyoun as Special Transaction Counsel
-----------------------------------------------------------------
BNF Realty Brooklyn, LLC, seeks authority from the U.S. Bankruptcy
Court for the Eastern District of New York to employ Aboyoun &
Heller, LLC, as special transaction counsel to the Debtor.

The Debtor was formed as a holding company regarding certain leases
of commercial premises.  The Debtor's primary assets are certain
rights and interest under a Commercial Lease With Personal
Guarantees with Riverside Machinery Co. regarding commercial
premises located at 132 54th Brooklyn, New York and 5412 2nd
Avenue, Brooklyn, New York; and an Option Agreement with Riverside
granting the Debtor an option to purchase the Riverside Premises
for the sum of $12,000,000 upon satisfaction of various
conditions.

BNF Realty Brooklyn requires Aboyoun to:

   a. provide legal advice with respect to any assignment or
      other disposition of the Option Agreement and the
      Riverside Lease;

   b. negotiate the terms of any assignment or other disposition
      of the Option Agreement and the Riverside Lease, Riverside
      and others;

   c. prepare all agreements and documents relating to any
      assignment or other disposition of the Option Agreement
      and the Riverside Lease;

   d. assist the Debtor with obtaining the Bankruptcy Court's
      approval of any assignment or other disposition of the
      Option Agreement and the Riverside Lease, including
      attending related court hearings;

   e. assist the Debtor in consummating any assignment or other
      disposition of the Option Agreement and the Riverside
      Lease, including to prepare the documents necessary to
      effectuate a closing and represent the Debtor at the
      closing; and

   f. provide such other legal services as may be required and
      deemed to be in the interest of the Debtor in connection
      with any assignment or other disposition of the Option
      Agreement and the Riverside Lease.

Aboyoun will be paid at the hourly rate of $350 to $525.  The firm
will also be reimbursed for reasonable out-of-pocket expenses
incurred.

As of the petition date, the Debtor owned Aboyoun the sum of
$90,000 for legal fees and expenses incurred on behalf of the
Debtor.

Joseph S. Aboyoun, member of Aboyoun & Heller, LLC, assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtor and its estates.

Aboyoun can be reached at:

     Joseph S. Aboyoun, Esq.
     ABOYOUN & HELLER, LLC
     77 Bloomfield Avenue
     Pine Brook, NJ 07058
     Tel: (973) 575-9600

                 About BNF Realty Brooklyn, LLC

BNF Realty Brooklyn, LLC, filed a Chapter 11 bankruptcy petition
(Bankr. E.D.N.Y. Case No. 17-43689) on July 19, 2017, disclosing
under $1 million in both assets and liabilities.  The Debtor is
represented by Douglas J. Pick, Esq., at Pick & Zabicki LLP, as
Chapter 11 counsel.  The Debtor hired Aboyoun & Heller, LLC, as
special transaction counsel.


BOAZ ALTERNATIVE: Taps Lee and Associates as Broker
---------------------------------------------------
Boaz Alternative Energy and Technologies LLC seeks approval from
the U.S. Bankruptcy Court for the District of Maryland to hire a
real estate broker.

The Debtor proposes to employ Lee and Associates Chesapeake Region
LLC to sell its property located at 2800 Joplea Avenue and 2807
Joseph Avenue, Baltimore, Maryland.

The Debtor expects the total cost of the firm's services to be 4%
to 6% of the gross purchase price of the property.

Thomas Whelan, broker for Lee and Associates, disclosed in a court
filing that the firm is a "disinterested person" as defined in
section 101(14) of the Bankruptcy Code.

Lee and Associates can be reached through:

     Thomas Whelan
     Lee and Associates Chesapeake Region LLC
     10480 Little Patuxent Parkway, Suite 210
     Columbia, MD 21044
     Phone: +1 410-712-0888

                  About Boaz Alternative Energy
                      and Technologies LLC

Boaz Alternative Energy and Technologies LLC sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. D. Md. Case No.
17-12218) on February 20, 2017.  Michael Tyrone Tisdale, member,
signed the petition.

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

Judge Nancy V. Alquist presides over the case.


BON-TON STORES: Incurs $33.2 Million Net Loss in Second Quarter
---------------------------------------------------------------
The Bon-Ton Stores, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q reporting a net loss
of $33.21 million on $504.42 million of net sales for the 13 weeks
ended July 29, 2017, compared to a net loss of $38.73 million on
$542.36 million of net sales for the 13 weeks ended July 30, 2016.

For the 26 weeks ended July 29, 2017, Bon-Ton Stores reported a net
loss of $90.52 million on $1.04 billion of net sales compared to a
net loss of $76.55 million on $1.13 billion of net sales for the 26
weeks ended July 30, 2016.

As of July 29, 2017, Bon-Ton Stores had $1.38 billion in total
assets, $1.49 billion in total liabilities and a total
shareholders' deficit of $110.93 million.

At July 29, 2017, the Company had $6.3 million in cash and cash
equivalents and $171.5 million available under its Second Amended
Revolving Credit Facility (before taking into account the minimum
borrowing availability covenant under such facility, which was
$75.0 million at July 29, 2017).  Excess availability was $224.8
million as of the comparable prior year period.  The unfavorable
excess availability comparison primarily reflects the early payment
of senior notes due July 2017, partially offset by a net
availability increase as a result of the August 2016 amendment to
the Second Amended Revolving Credit Facility.

On April 28, 2017, The Bon-Ton Department Stores, Inc. and certain
subsidiaries as borrowers and certain other subsidiaries as
guarantors entered into a Fifth Amendment to the Second Amended
Revolving Credit Facility with Bank of America, N.A., as Agent, and
certain financial institutions as lenders.  The Fifth Amendment
extends the maturity date of the $730 million Tranche A of the
Second Amended Revolving Credit Facility.  Tranche A is now due to
mature on April 28, 2022, provided that Tranche A-1 of the Second
Amended Revolving Credit Facility is repaid prior to March 15, 2021
or the maturity of Tranche A-1 is extended to at least April 28,
2022.  If Tranche A-1 is not so repaid or so extended, or is
extended to a date earlier than April 28, 2022, Tranche A will
mature on the same date as Tranche A-1.  In any event, Tranche A
remains subject to a "springing" maturity date that is sixty days
prior to the earliest of the maturity date of (1) any senior note
debt (which is currently comprised of the Company's 8.00% Second
Lien Senior Secured Notes due June 15, 2021) and (2) if incurred,
certain permitted debt secured by junior liens.

The Fifth Amendment did not change the total lender commitment
under the facility, which remains at $880 million (for both Tranche
A and Tranche A-1). Pricing and other terms of the Second Amended
Revolving Credit Facility remain essentially unchanged.

Typically, cash flows from operations are impacted by the effect on
sales of (1) consumer confidence, (2) weather in the geographic
markets served by the Company, (3) general economic conditions and
(4) competitive conditions existing in the retail industry.  A
downturn in any single factor or a combination of factors could
have a material adverse impact upon our ability to generate
sufficient cash flows to operate our business.  While the current
economic uncertainty affects our assessment of short-term
liquidity, we consider our resources (including, but not limited
to, cash flows from operations supplemented by borrowings under the
Second Amended Revolving Credit Facility) adequate to satisfy our
cash needs for at least the next 12 months.

"Our primary sources of working capital are cash flows from
operations and borrowings under our Second Amended Revolving Credit
Facility, which provides for up to $880.0 million in borrowings
(limited by amounts available pursuant to a borrowing base
calculation).  Our business follows a seasonal pattern; working
capital fluctuates with seasonal variations, reaching its highest
level in October or November to fund the purchase of merchandise
inventories prior to the holiday season.  The seasonality of our
business historically provides greatest cash flow from operations
during the holiday season, with fiscal fourth quarter net sales
generating the strongest profits of our fiscal year.  As holiday
sales significantly reduce inventory levels, this reduction,
combined with net income, historically provides us with strong cash
flow from operations at the end of our fiscal year," the Company
stated.

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

                     https://is.gd/SdbY6G

                    About The Bon-Ton Stores

With corporate headquarters in York, Pennsylvania and Milwaukee,
Wisconsin, The Bon-Ton Stores, Inc. -- http://www.bonton.com/--
operates 260 stores, which includes 9 furniture galleries and four
clearance centers, in 24 states in the Northeast, Midwest and upper
Great Plains under the Bon-Ton, Bergner's, Boston Store, Carson's,
Elder-Beerman, Herberger's and Younkers nameplates.  The stores
offer a broad assortment of national and private brand fashion
apparel and accessories for women, men and children, as well as
cosmetics and home furnishings.  

Bon-Ton Stores reported a net loss of $63.41 million on $2.60
billion of net sales for the fiscal year ended Jan. 28, 2017,
compared to a net loss of $57.05 million on $2.71 billion of net
sales for the fiscal year ended Jan. 30, 2016.

                          *     *     *

In December 2015, Moody's Investors Service downgraded Bon-Ton
Stores' Corporate Family Rating to 'Caa1' from 'B3'.  The company's
Speculative Grade Liquidity rating was affirmed at SGL-2.  The
rating outlook is stable.  The downgrade considers the continuing
and persistent negative pressure on Bon-Ton's revenue and EBITDA
margins which has been accelerating during the course of fiscal
2015.

Also in December 2015, Standard & Poor's Ratings Services lowered
its corporate credit rating on Bon-Ton Stores to 'CCC+' from 'B-'.
"The downgrade reflects both Bon-Ton's weakening performance and
our forecast for an unsustainable capital structure and "less than
adequate" liquidity.


BOSS REAL ESTATE: Taps Dale Ulrich as Accountant
------------------------------------------------
Boss Real Estate Holdings LLC seeks approval from the U.S.
Bankruptcy Court for the District of Arizona to hire an
accountant.

The Debtor proposes to employ Dale Ulrich, a certified public
accountant, to prepare its monthly operating reports, and pay him
an hourly fee of $200.

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

Mr. Ulrich maintains an office at:

     Dale Ulrich
     148 Prospect Blvd.
     Saint Paul, MN 55107
     Phone: (651) 602-1020

                 About Boss Real Estate Holdings

Boss Real Estate Holdings, LLC, based in Gilbert, Arizona, filed a
Chapter 11 petition (Bankr. D. Ariz. Case No. 17-03716) on April
10, 2017.  The Hon. Brenda Moody Whinery presides over the case.
Ronald J. Ellett, Esq., at Ellet Law Offices, P.C., serves as
bankruptcy counsel.

The Debtor's primary asset is certain real property located at 2816
South Country Club Drive and 2828 South Country Club Drive, Mesa,
Arizona 85210, where the Debtor operates a car wash, a lube shop,
and a small convenience store -- the Mesa Car Wash.

In its petition, the Debtor estimated $1 million to $10 million in
both assets and liabilities. The petition was signed by Michael
Harris, member and manager.

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


BP CHANEY: Taps Ware Jackson as Special Counsel in MHP Suit
-----------------------------------------------------------
BP Chaney, LLC seeks approval from the U.S. Bankruptcy Court for
the Northern District of Texas to hire Ware, Jackson, Lee, O'Neill,
Smith & Barrow, LLP as its special counsel.

The firm will represent the Debtor in a lawsuit styled Maxus
Healthcare Partners, LLC v. Texas RHH, LLC et al. (Case No.
017-275219-14) in the 17th Judicial District Court, Tarrant
County.

The hourly rates charged by the firm are:

     Partners                  $450
     Associates         $245 - $360
     Paralegals                $150
     Legal Assistants          $150

Michelle Meriam, Esq., disclosed in a court filing that the members
and associates of her firm are "disinterested" as defined in
section 101(14) of the Bankruptcy Code.

Ware Jackson can be reached through:

     Michelle R. Meriam
     Ware Jackson, Lee, O'Neill Smith & Barrow LLP
     America Tower, 39th Floor
     2929 Allen Parkway
     Houston, TX 77019
     Tel: (713) 659-6400
     Fax: (713) 659-6262

                      About BP Chaney LLC

BP Chaney, LLC is a small business debtor as defined in 11 U.S.C.
Section 101(51D).  It is affiliated with Texas RHH LLC, which filed
for bankruptcy protection (Bankr. N.D. Tex. Case No. 17-43385) on
August 21, 2017.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. N.D. Texas Case No. 17-42793) on July 3, 2017.  The
petition was signed by Misty Brady, sole member who also filed
Chapter 11 petition (Bankr. N.D. Tex. Case No. 17-41120) on March
20, 2017.  

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

Judge Mark X. Mullin presides over the case.


BRAZIL MINERALS: Incurs $369K Net Loss in Second Quarter
--------------------------------------------------------
Brazil Minerals, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $369,230 on $9,058 of revenue for the three months ended June
30, 2017, compared to a net loss of $283,405 on $1,513 of revenue
for the three months ended June 30, 2016.

For the six months ended June 30, 2017, the Company reported a net
loss of $643,612 on $12,454 of revenue compared to a net loss of
$580,743 on $4,069 of revenue for the six months ended June 30,
2016.

As of June 30, 2017, Brazil Minerals had $1.13 million in total
assets, $1.51 million in total liabilities and a total
stockholders' deficit of $385,070.

Net cash used in operating activities was $329,002 in the first six
months of 2017, as compared to $347,224 in the first six months of
2016.  Net cash used in investing activities was $6,615 in the
first six months of 2017, as compared to $0 in the first six months
of 2016.  Net cash provided by financing activities was $332,446 in
the first six months of 2016, as compared to $308,823 in the first
six months of 2016.

As of June 30, 2017, the Company had total current assets of
$129,240 compared to total current liabilities of $1,326,543 for a
current ratio of 0.10 to 1 and working capital of ($1,197,303).  By
comparison, on June 30, 2016, the Company had total current assets
of $168,328 compared to current liabilities of $1,548,160 for a
current ratio of 0.11 to 1 and working capital of ($1,379,832).  On
an absolute basis, the relative improvement in working capital is
primarily attributable to the decrease in outstanding convertible
notes and other short-term obligations.

In the second quarter of 2017, the Company's sources of liquidity
were revenues and the issuance of equity and debt securities.  In
the second quarter of 2016, its sources of liquidity had also been
revenues and issuances of equity and debt securities.  During the
second quarter of 2017, the Company received $2,500 in gross
proceeds from the sale of common stock.

The Company believes that financial resources and funds generated
from revenues, and equity and debt sales will provide cash flow for
operations.  The Company has no plans for any significant cash
acquisitions in 2017 or in the foreseeable future.

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

                     https://is.gd/LVovVU

                     About Brazil Minerals

Based in Pasadena, California, Brazil Minerals, Inc. --
http://www.brazil-minerals.com/-- mines and sells diamonds, gold,
sand and mortar in Brazil.  The Company, through subsidiaries,
outright or jointly owns 11 mining concessions and 20 other mineral
rights in Brazil, almost all for diamonds and gold.  The Company,
through subsidiaries, owns a large alluvial diamond and gold
processing and recovery plant, a sand processing and mortar plant,
and several pieces of earth-moving capital equipment used for
mining as well as machines for sand processing and preparation of
mortar.

Brazil Minerals reported a net loss of $1.73 million on $13,323 of
revenue for the year ended Dec. 31, 2016, compared to a net loss of
$1.87 million on $63,610 of revenue for the year ended Dec. 31,
2015.

B F Borgers CPA PC, in Lakewood, CO, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2016, citing that the Company has suffered recurring
losses from operations and has a significant accumulated deficit.
In addition, the Company continues to experience negative cash
flows from operations.  These factors raise
substantial doubt about the Company's ability to continue as a
going concern.


BROOKWOOD ACADEMY: Wants to Use Cash Collateral to Fund Operations
------------------------------------------------------------------
Brookwood Academy Inc. asks for permission from the U.S. Bankruptcy
Court for the Southern District of Ohio to use cash collateral to
fund general business needs, including the payment of its payroll,
taxes, the purchase of necessary supplies and services, and to pay
fees and expenses related to the Chapter 11 case, including the
fees of professionals.

The Debtor's use of cash collateral will provide working capital to
the Debtor for use in its operations.

To the best of the Debtor's knowledge, the only party who may have
or may claim to have an interest in cash collateral is U.S. Bank
National Association, which may have or whom may claim a security
interest in cash collateral by virtue of a prepetition security
agreement and financing statement.  The Debtor has not entered into
any agreement with any other party who may have or claim a security
interest in cash collateral.

The Debtor intends to grant U.S. Bank adequate protection of any
interest it may have in cash collateral, by granting U.S. Bank a
replacement lien in cash collateral generated by the post-petition
operation of the Debtor's business, to the extent of any valid and
subsisting liens or interest held by it in cash collateral as of
the Petition Date, and through the payment of interest on a monthly
basis.

The Debtor does not have sufficient available sources of working
capital and financing to operate its business without the use of
the cash collateral.  The Debtor has an immediate need to use the
cash collateral to, among other things, purchase various products
and services from its vendors and pay other routine operating
expenses, like payroll, lease payments, taxes, or other
obligations.  In the absence of immediate authorization of the use
of the cash collateral, the Debtor cannot continue to operate its
business, and immediate and irreparable harm to the Debtor and this
estate could occur.

In addition, access to the cash collateral will provide the
students and vendors with the requisite security that the Debtor
will be able to continue conducting its business in the ordinary
course without interruptions and to fund this case pending its
administration through the Chapter 11 plan process.

The Debtor notes that is only seeking authority to use cash
collateral and that it is not herein seeking the authority to
obtain post-petition secured financing.  In the ordinary course of
business, the Debtor intends to fund its purchase of supplies, on
account, as it did previous to the Petition Date, and to pay
accounts through the use of cash collateral.

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

          http://bankrupt.com/misc/ohsb17-55517-5.pdf

                    About Brookwood Academy

Brookwood Academy Inc. is an Ohio 501(C)(3) non-profit corporation
doing business in Central Ohio.  Brookwood Academy is a public
charter school that opened its doors for the 2012-2013 school year.
The focus of Brookwood Academy is to service students in grades 4
through 12 who have emotional and or behavioral issues that
adversely affect their educational performance.

Brookwood Academy filed a voluntary petition for relief under
Chapter 11 (Bankr. S.D. Ohio Case No. 17-55517) on Aug. 28, 2017,
estimating $100,001 to $500,000 in assets and $500,001 to $1
million in liabilities.

Judge Charles M. Caldwell presides over the case.  

The Debtor is represented by Richard K. Stovall, Esq., at Allen
Kuehnle Stovall & Neuman LLP, as bankruptcy counsel.


CAPRICCIO BY THE SEA: Taps Broege Neumann as Legal Counsel
----------------------------------------------------------
Capriccio by the Sea, LLC seeks approval from the U.S. Bankruptcy
Court for the District of New Jersey to hire legal counsel in
connection with its Chapter 11 case.

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

The hourly rates charged by the firm are:

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

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

Broege Neumann can be reached through:

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

                   About Capriccio by the Sea

Capriccio by the Sea, LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D.N.J. Case No. 17-27978) on September 1,
2017.  Kenneth Deiner, its member, signed the petition.

At the time of the filing, the Debtor disclosed that it had
estimated assets of less than $100,000 and liabilities of less than
$500,000.


CENTEGRA HEALTH: S&P Cuts 2012/2014A Bonds Rating to 'BB+'
----------------------------------------------------------
S&P Global Ratings lowered its long-term rating to 'BB+' from 'BBB'
on the Illinois Finance Authority's series 2012 and 2014A
fixed-rate bonds issued for Centegra Health System (CHS). The
outlook is stable.

"The rating action reflects our view of CHS' substantial and
unbudgeted operating losses in unaudited fiscal 2017," said S&P
Global Ratings credit analyst Suzie Desai.

S&P said, "The stable outlook reflects our view of CHS' turnaround
plan with management in the process of implementing various
initiatives. The stable outlook also reflects our view of CHS'
improved market share and its ongoing solid business position in a
demographically favorable service area."


CERTARA HOLDCO: Moody's Assigns B3 Corporate Family Rating
----------------------------------------------------------
Moody's Investors Service assigned Certara Holdco, Inc. a B3
corporate family rating ("CFR") and B3-PD probability of default
rating ("PDR"). Subsequent to this action the first lien senior
secured credit facilities ratings (comprised of an existing $250
million term loan and $20 million revolver) will be moved to
Certara from EQT Avatar Holdings Inc., with the B2 ratings
unaffected. The ratings outlook is stable.

EQT Avatar was the initial borrower of the first lien credit
facilities. Subsequently, Certara and Certara USA, Inc. ("Certara
USA") became co-borrowers and EQT Avatar ceased being a borrower
under the first lien credit facilities. EQT Avatar then became a
guarantor of the first lien credit facilities. The borrower for the
existing $100 million unsecured term loan remains unchanged as EQT
Avatar TopCo, Inc., a non-guarantor entity above EQT Avatar in the
organization.

This action and below are consistent with the information contained
in our August 2, 2017 Press Release on EQT Avatar.

RATINGS RATIONALE

The B3 corporate family rating is constrained by high starting pro
forma leverage of about 7.25x (Moody's adjusted) at LTM March 2017,
low cash balances through December 2018, small scale and lack of
diversification among end markets. The ratings are supported by the
company's leading position in the niche drug development
biosimulation software and regulatory science publication
management software markets, strong revenue growth prospects
(double digits per annum) and good cash flow generating
capabilities. Also, high barriers to entry with limited competition
in their primary markets, strong renewal rates (about 90%), highly
visible recurring revenues and limited customer concentration (no
one customer is above 10%) supports its ratings. Finally, the
company has a unique competitive advantage through its employee
base (of which about a third are PhD scientists), its ownership of
large proprietary data sets and the wide spread adoption by the US
Food and Drug Administration ("FDA") of its products.

The debt instrument ratings are determined in conjunction with
Moody's Loss Given Default Methodology and reflect average recovery
across the capital structure. The B2 ratings on the first lien debt
are notched up from the corporate family rating reflecting their
senior position in the capital structure, given the loss cushion
provided by the unsecured term loan (unrated). Moody's highlights,
the unsecured term loan borrower is EQT Avatar TopCo, Inc., a
non-guarantor Holdco entity above where the first lien credit
facilities are in the organization.

While the initial cash position is small, the liquidity profile is
deemed adequate based on a cash balance of about $3 million and a
$20 million undrawn revolver at pro forma August 2017. Moody's
expects free cash flow to debt to approach the low 4% over the next
18 months. However, cash balances are expected to remain low
through December 2018 due to expected one-time costs,
performance-contingent earn out payments (which will also likely
cause the revolver to be partially drawn during this period,
particularly in Q4 2017) and mandatory amortization. Liquidity may
become a greater concern through December 2018 if the company
pursues an acquisition strategy such that dependence on its
revolver is continued and cash balances remain light. Moody's
anticipates good cushion under the springing financial covenant
applicable to the revolver. The first lien term loan and unsecured
term loan do not have financial covenants. The first lien term loan
has 1% required amortization, with a bullet due at maturity. The
unsecured term loan has no required annual amortization, with a
bullet due at maturity.

The ratings outlook is stable reflecting our expectation that
Certara will delever towards 6x and have strong revenue growth
(double digit) over the next 12-18 months.

The ratings could be upgraded if leverage is sustained under 6x and
free cash flow to debt is sustained in the mid-single digits.

The ratings could face downward pressure if liquidity stresses
force the company to rely significantly on the revolver, if Moody's
expects free cash flow will approach breakeven, or if leverage
remains above 7.5x.

Assignments:

Issuer: Certara Holdco, Inc.

Corporate Family Rating, Assigned B3

Probability of Default Rating, Assigned B3-PD

Outlook Actions:

Issuer: Certara Holdco, Inc.

Outlook, Assigned Stable

Withdrawals:

Issuer: EQT Avatar Holdings, Inc.

Corporate Family Rating, Withdrawn, previously rated B3

Probability of Default Rating, Withdrawn, previously rated B3-PD

The principal methodology used in these ratings was Software
Industry published in December 2015.

Certara Holdco, Inc. is a leading provider of drug development
simulation software and regulatory science publication software and
services. The company had revenues of about $140 million in the
twelve month period ending March 31, 2017 (pro forma for
acquisitions). Certara is owned by private equity group EQT
(majority), Arsenal Capital Partners and Certara's management.


CHEROKEE INC: Covenant Problems Raise Going Concern Doubt
---------------------------------------------------------
Cherokee Inc. filed its quarterly report on Form 10-Q, disclosing a
net loss of $4.62 million on $13.96 million of total revenues for
the three months ended July 29, 2017, compared with a net income of
$1.52 million on $8.47 million of total revenues for the three
months ended July 30, 2016.

For the six months ended July 29, 2017, the Company listed a net
loss of $7.88 million on $25.07 million of total revenues, compared
to a net income of $4.10 million on $19.15 million of total
revenues for the six months ended July 30, 2016.

At July 29, 2017, the Company had total assets of $151.75 million,
total liabilities of $86.11 million, and $65.65 million in total
stockholders' equity.

The Company has entered into the Cerberus Credit Facility with
Cerberus, pursuant to which the Company has borrowed $45,000 under
a term loan facility, which the Company drew down in December 2016,
and $5,000 under a revolving credit facility, which the Company
drew down in the First Quarter.  As of July 29, The Company was not
in compliance with certain of its financial covenants set forth in
the Cerberus Credit Facility.  The Company is working with Cerberus
to obtain a waiver of the events of default and/or amend certain
terms of the Cerberus Credit Facility, but such a waiver or
amendment may not be obtained, or if obtained, may not be obtained
in a timely manner, or on terms favorable to the Company.  Any
failure to obtain such a waiver or amendment would subject the
Company to significant risks.  These risks include Cerberus's right
to terminate its obligations under the Cerberus Credit Facility,
declare all or any portion of the borrowed amounts then outstanding
to be accelerated and due and payable, and/or exercise any other
rights or remedies it may have under applicable law, including
foreclosing on the Company's and/or its subsidiaries assets that
serve as collateral for the borrowed amounts.  If Cerberus elects
to exercise any of these rights, the Company's financial condition
and ability to continue operations could be materially jeopardized.
As a result of these risks, there is substantial doubt about the
Company's ability to continue as a going concern.

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

                     https://is.gd/Ow5fBo

                      About Cherokee Inc.

Based in Sherman Oaks, Calif., Cherokee Inc. is a marketer and
manager of a portfolio of fashion and lifestyle brands it owns or
represents, licensing the Cherokee, Liz Lange, Completely Me by Liz
Lange, Hawk, Tony Hawk, Sideout, Carole Little, Everyday California
, Flip Flop Shops and ale by alessandra brands and related brands
in various consumer product categories and sectors.  The Company
operates in the segment of marketing and licensing of brand names
and trademarks for apparel, footwear and accessories.



CHINA LONGYI GROUP: Recurring Losses Raise Going Concern Doubt
--------------------------------------------------------------
China Longyi Group International Holdings Limited filed its
quarterly report on Form 10-Q, disclosing a net loss of $172,033 on
$19,980 of sales for the three months ended June 30, 2017, compared
with a net income of $150,264 on $624,345 of sales for the same
period in 2016.  

For the six months ended June 30, 2017, the Company listed a net
loss of $305,767 on $57,257 of sales, compared to a net income of
$63,370 on $640,811 of sales for the same period in the prior
year.

At June 30, 2017, the Company had total assets of $1.04 million,
total liabilities of $2.19 million, and $1.15 million in
stockholders' deficit.

During six months ended June 30, 2017, the Company incurred a net
loss of $305,767. As at June 30, 2017, the Company has a working
capital deficiency of $1,494,611 and accumulated deficit from
recurring net losses of $31,125,755 incurred.  As at June 30, 2017,
the Company has cash and cash equivalents of $43,986.  The
continuation of the Company as a going concern is dependent upon
the continued financial support from its shareholder, the ability
to raise equity or debt financing, and the attainment of profitable
operations from the Company's future business.  These factors raise
substantial doubt regarding the Company's ability to continue as a
going concern.

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

                     https://is.gd/CNjH0J

                    About China Longyi Group

China Longyi Group International Holdings Limited is a holding
company that operates through its Chinese subsidiaries, Beijing
Longyi Biology Technology Co. Ltd. (Beijing SOD) and Chongqing
JiuZhou Dismutase Biology Technology Co. Ltd. (Chongqing SOD).
Through its Chinese subsidiaries, the Company develops,
manufactures and markets its superoxide dismutase (SOD) products in
China.  The Company produces and sells SOD Lifeblood, which is a
mixture of SOD and enzymes (natural plant extract essence) as an
antioxidant.  Its SOD Lifeblood is a source of SOD, vitamins and
trace elements.


CHINA SENIOR LIVING: WWC P.C. Raises Going Concern Doubt
--------------------------------------------------------
China Senior Living Industry International Holding Corporation
filed its quarterly report on Form 10-Q, disclosing a net income of
$10,061 on $116,509 of revenues for the three months ended June 30,
2017, compared with a net loss of $5,827 on $122,490 of revenues
for the same period in 2016.  

For the six months ended June 30, 2017, the Company listed a net
income of $46,181 on $234,906 of revenues, compared to a net loss
of $6,912 on $238,218 of revenues for the same period in the prior
year.

The Company's independent accountants WWC, P.C., in San Mateo
Calif., states that the Company had incurred substantial losses,
which raises substantial doubt about its ability to continue as a
going concern.

At June 30, 2017, the Company had total assets of $1,047,854, total
liabilities of $521,945, and $525,909 in total stockholders'
equity.

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

                     https://is.gd/xomy1L

               About China Senior Living Industry

China Senior Living Industry International Holding Corporation
operates senior living facilities in Xianyang, the People's
Republic of China.  It provides healthcare, medical staff, meal
preparation, and general care services for the elderly.  The
company was formerly known as China Forestry, Inc., and changed its
name to China Senior Living Industry International Holding
Corporation in September 2015.  China Senior Living Industry
International Holding Corporation was incorporated in 1986 and is
based in Xianyang, the People's Republic of China.


CITI CARS: Cox Enterprises Wants Court To Compel Arbitration
------------------------------------------------------------
Rachel Graf, writing for Bankruptcy Law360, reports that Cox
Enterprises Inc. and its affiliates have asked a Florida federal
judge to compel arbitration or dismiss accusations by Citi Cars
Inc. that the conglomerate monopolized the used car market for
financial gain.  According to Law360, Cox Enterprises said the
Debtor willingly entered into an agreement with its financing
service, NextGear Capital Inc., that requires it to arbitrate all
claims against Cox Enterprises and its subsidiaries.  

                      About Citi Cars Inc.

Citi Cars Inc. sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. S.D. Fla. Case No. 16-26681) on Dec. 19, 2016.  The
petition was signed by Bahram Armakan, president.  At the time of
filing, the Debtor estimated assets at $100,000 to $500,000 and
liabilities at $500,000 to $1 million in estimated liabilities.  

The Debtor is represented by John A. Moffa, Esq., at Moffa &
Breuer, PLLC.

No official committee of unsecured creditors has been appointed.


CONA RESOURCES: Moody's Withdraws B3 CFR on Debt Repayment
----------------------------------------------------------
Moody's Investors Service withdrew all the ratings of Cona
Resources Ltd., including its B3 Corporate Family Rating, B3-PD
Probability of Default Rating. The Caa1 senior unsecured notes
rating was previously withdrawn. Moody's has withdrawn these
ratings after Cona fully repaid its US$276 million senior notes on
August 31, 2017.

Outlook Actions:

Issuer: Cona Resources Ltd.

-- Outlook, Changed To Rating Withdrawn From Stable

Withdrawals:

Issuer: Cona Resources Ltd.

-- Probability of Default Rating, Withdrawn , previously rated
    B3-PD

-- Speculative Grade Liquidity Rating, Withdrawn , previously
    rated SGL-2

-- Corporate Family Rating, Withdrawn , previously rated B3

RATINGS RATIONALE

Moody's has withdrawn the ratings because all of Cona's rated debt
has been fully repaid.

Headquatered in Calgary, Alberta, Cona Resources Ltd. is an
exploration and production company that produces about 16,000
barrels of oil equivalent per day, net of royalties.


CORWIN PLACE: Oct. 17 Combined Plan and Disclosures Hearing
-----------------------------------------------------------
Judge Patrick M. Flatley of the U.S. Bankruptcy Court for the
Northern District of Virginia conditionally approved Corwin Place,
LLC's disclosure statement accompanying its plan of reorganization
dated August 22, 2017.

The disclosure statement hearing and the hearing on confirmation of
the Chapter 11 plan will be combined and held on Oct. 17, 2017, at
11:00 a.m., in the L. Edward Friend II Bankruptcy Courtroom,
located on the third floor of the U.S. Courthouse, 1125 Chapline
Street, Wheeling, West Virginia.

Sept. 29, 2017, is fixed as the last day for filing and serving
written objections to the disclosure statement and confirmation of
the plan.

Sept. 29, 2017, is fixed as the last day for filing acceptances or
rejections of the Plan of Reorganizations.

                  About Corwin Place, LLC

Corwin Place LLC filed a chapter 11 petition (Bankr. W.D. Pa. Case
No. 16-21861) on May 16, 2016.  The petition was signed by Charles
Corwin, managing member.  On July 24, 2016, the Hon. Thomas P.
Agresti transferred the venue of the case to Northern District of
West Virginia (Bankr. N.D. W.Va. Case No. 16-00750).  The PAWB
bankruptcy case was closed on July 27, 2016.

The Hon. Patrick M Flatley of the Northern District of West
Virginia presides over the case.

The Debtor is represented by Robert O. Lampl, Esq., at Robert O
Lampl, Attorney at Law.  The Debtor estimated assets and
liabilities at $500,001 to $1 million at the time of the filing.


CROSIER FATHERS: Intends to File Plan of Reorganization by Dec. 31
------------------------------------------------------------------
Crosier Fathers and Brothers Province, Inc., Crosier Fathers of
Onamia, and The Crosier Community of Phoenix, ask the U.S.
Bankruptcy Court for the District of Minnesota to extend the
exclusive period within which only the Debtors may file a plan of
reorganization up to and including December 31, 2017; as well as
the exclusive period within which only the Debtors may solicit
acceptances of a plan up to and including March 1, 2018.

The Court will hold a hearing on this motion for September 28, 2017
at 10:00 a.m.

The Debtors relate that, shortly before the filing of the
reorganizations cases, they have participated in extensive
negotiations with their insurance carrier, Twin City Fire Insurance
Company and Hartford Accident and Indemnity Company, to settle a
declaratory judgment action.  An agreement was reached with
Hartford for a substantial contribution to a plan of reorganization
in exchange for releases and policy buybacks.

The Debtors assert that the collective goal of the Parties in this
case is to move these reorganization cases expeditiously in a
manner that results in a fair, equitable, and timely compensation
to those who have been harmed. As such, the Debtors contend that
they have also worked with the Committee and the Primary
Plaintiffs' counsel in this matter; and believe they have a
framework for a consensual plan of reorganization based upon the
agreed contribution from Hartford and the contribution by the
Debtors to fund a plan of reorganization.

Moreover, the Debtors mention that on August 25, 2017, the Court
has entered an order establishing the proof of claim deadline of
December 15, 2017 -- which is a necessary and preliminary step to
allowing the Parties to complete their analysis of claims and
finalize a consensual plan of reorganization.

The Debtors also relate that until the proofs of claim deadline
nears, it is difficult for the parties to fully analyze the claims
and have the clarity needed to finalize a consensual plan of
reorganization.  The Debtors aver that it is possible they could
file a plan of reorganization and disclosure statement by the
September 29 deadline -- if required to do so -- however, they
believe that doing so would be an inefficient use of judicial and
estate resources considering that there are numerous details that
still need to be addressed or negotiated between the Parties.

                   About Crosier Fathers and
                    Brothers Province Inc.

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

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

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

Judge Robert J Kressel presides over the cases.

The Debtors have hired Quarles & Brady LLP as lead counsel and
Larkin Hoffman as local counsel.  JND Corporate Restructuring has
been retained as claims and noticing agent.

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

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


CROSS-DOCK SOLUTIONS: Hires Hellring Lindeman as Attorney
---------------------------------------------------------
Cross-Dock Solutions, LLC, seeks authority from the U.S. Bankruptcy
Court for the District of New Jersey to employ Hellring Lindeman
Goldstein & Siegal LLP, as Chapter 11 counsel to the Debtor.

Cross-Dock Solutions requires Hellring Lindeman to:

   a. prepare the Chapter 11 Bankruptcy Petition, Schedules,
      Statement of Financial Affairs, initial First Day Motions,
      all motions and applications during the pendency of the
      case through confirmation of a Chapter 11 plan;

   b. give advice to the Debtor with respect to its powers and
      duties as Debtor-In-Possession in the continued management
      of its business and in the management of its property;

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

   d. appear before the Bankruptcy Court and to protect the
      interests of the Debtor before said Bankruptcy Court, and
      to represent the Debtor in all matters pending before the
      Bankruptcy Court;

   e. negotiate with secured and unsecured creditors of the
      Debtor in working out a Plan of Reorganization and to take
      the necessary legal steps in order to confirm said Plan;
      and

   f. perform all other legal services for the Debtor, as Debtor
      in Possession, which may be necessary herein.

Hellring Lindeman will be paid at the hourly rates of $290 to $600.
The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Patricia A. Staiano, a member of Hellring Lindeman Goldstein &
Siegal LLP, assured the Court that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code and does not represent any interest adverse to the Debtor and
its estates.

Hellring Lindeman can be reached at:

     Patricia A. Staiano, Esq.
     HELLRING LINDEMAN GOLDSTEIN & SIEGAL LLP
     One Gateway Center
     Newark, NJ 07102-5323
     Tel: (973) 621-9020
     Fax: (973) 621-7406
     E-mail: pstaiano@hlgslaw.com

                About Cross-Dock Solutions, LLC

Cross-Dock Solutions -- http://cross-docksolutions.com/-- is a
full service third party provider with climate controlled
warehousing and multiple compartmented less-than-load (LTL) and
truckload equipment that can accommodate chilled and frozen
products on the same refrigerated trailer. The Company also offers
cross-dock capabilities, cold chain storage and a warehouse
management solution(WMS)that can be customized to its customers'
business needs.

Cross-Dock Solutions, LLC, based in Edison, New Jersey, filed a
Chapter 11 petition (Bankr. D.N.J. Case No. 17-26993) on August 22,
2017. The Hon. Kathryn C. Ferguson presides over the case. Patricia
A. Staiano, Esq., at Hellring Lindeman Goldstein & Siegal LLP,
serves as bankruptcy counsel.

In its petition, the Debtor estimated $1 million to $10 million in
both assets and liabilities. The petition was signed by Pedro
Cardenas, managing member.


CROSSMARK HOLDINGS: Moody's Cuts CFR to Caa2 on Liquidity Pressure
------------------------------------------------------------------
Moody's Investors Service downgraded its ratings for CROSSMARK
Holdings, Inc., including the company's Corporate Family Rating
(CFR) to Caa2 from Caa1 and its Probability of Default Rating to
Caa2-PD from Caa1-PD. At the same time, Moody's downgraded its
ratings for the company's senior secured first lien bank credit
facilities to Caa1 from B3, and its senior secured second lien term
loan to Ca from Caa3. The ratings outlook is negative.

The downgrades reflect mounting pressure on CROSSMARK's liquidity,
which in conjunction with a fully levered balance sheet heightens
the perceived risk of default over the forward rating horizon. In
particular, CROSSMARK's free cash flow turned negative for the
first half of 2017, and Moody's expects potential covenant pressure
in early 2018 to constrain revolver availability.

The negative outlook acknowledges the risk of further negative
ratings revisions, and the challenge that CROSSMARK faces to
improve earnings to a level that is more supportive of its current
capital structure. The negative outlook also acknowledges that
CROSSMARK will likely have to address its capital structure by
around the middle of 2018 as its revolving credit facility expires
in June 2019 and first lien term loan comes due in December 2019.

Rating Actions:

Corporate Family Rating, Downgraded to Caa2 from Caa1

Probability of Default Rating, Downgraded to Caa2-PD from Caa1-PD

$3.75 Million Senior Secured First Lien Revolving Credit Facility
due 2017, Downgraded to Caa1 (LGD3) from B3 (LGD3)

$52.5 Million Senior Secured First Lien Revolving Credit Facility
due 2019, Assigned Caa1 (LGD3)

$425 Million ($400 Million currently outstanding) Senior Secured
First Lien Term Loan due 2019, Downgraded to Caa1 (LGD3) from B3
(LGD3)

$90 Million Senior Secured Second Lien Term Loan due 2020,
Downgraded to Ca (LGD6) from Caa3 (LGD6)

Outlook, Changed to Negative from Stable

RATINGS RATIONALE

CROSSMARK's Caa2 CFR reflects its weak liquidity profile and
persistent revenue and EBITDA (as defined by Moody's) declines. The
Caa2 indicates CROSSMARK's heightened default risk given its very
high debt burden and the ensuing financial risk associated with its
very levered balance sheet (Moody's-adjusted debt-to-EBITDA of 8.9
times at June 30, 2017), particularly in the face of an eroding
liquidity profile. The Caa2 also reflects ongoing industry
headwinds and the company's financial sponsor ownership, both of
which contribute to the aforementioned weak financial profile and
key credit metrics. CROSSMARK's credit profile does continue to
benefit from its ability to marginally cover its debt service
costs, with EBITA-to-interest expense of 1.2 times for the twelve
months ended June 30, 2017. It also benefits from the company's
comparatively good market position as the third largest sales and
marketing agency in the US. CROSSMARK was recently named one of
only five sales and marketing agencies that are allowed to provide
services within Wal-Mart stores. This provides the company with an
opportunity to stem its pace of declines in late 2017, and
potentially gain new contracts and return to growth in 2018.
Moody's also expects the company's various cost savings initiatives
to continue providing some interim period ratings support.

CROSSMARK's ratings could be upgraded should it begin to drive
revenue and EBITDA growth while maintaining EBITA-to-interest
expense above 1.0x. An upgrade would also require CROSSMARK to
successfully refinance its debt maturities in a timely manner and
maintain at least an adequate liquidity profile.

CROSSMARK's ratings could be downgraded if revenue and EBITDA do
not stabilize by the middle of 2018, free cash flow remains
negative, adequate access to its revolving credit facility and
ample headroom under its springing financial covenant are not
maintained, debt maturities are not addressed in a timely manner,
or the likelihood of default increases for any other reason.

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

Headquartered in Plano, TX, CROSSMARK Holdings, Inc. is a sales and
marketing services company in the consumer goods industry that
provides services to consumer products companies, manufacturers and
retailers. The company operates three business segments: Sales
Agency, Marketing Services, and International. The Sales Agency
includes the management of headquartered sales activities, category
and space management, and retail services such as routine store
coverage and project work. Marketing services includes in-store
product demonstrations and sampling, experiential marketing, and
data collection. The company is owned by affiliates of Warburg
Pincus. Annual revenues are less than $1 billion.


CRS REPROCESSING: U.S. Trustee Unable to Appoint Committee
----------------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of CRS Reprocessing, LLC, as of
Sept. 7, according to a court docket.

                     About CRS Reprocessing

CRS Reprocessing, LLC -- http://www.crs-reprocessing.com/-- is a
global partner in fluid reprocessing management, offering people,
technology and services to efficiently handle industrial fluids for
a variety of industries.  With 30 years of expertise and operations
in the U.S., Europe and Asia, its custom-built, on-site
reprocessing facilities economically transform used fluids back to
customer-specified performance levels, allowing high-yield waste
recovery and lower unit costs.

CRS Reprocessing, LLC, based in Louisville, KY, filed a Chapter 11
petition (Bankr. W.D. Ky. Case No. 17-32565) on Aug. 9, 2017.  The
petition was signed by Scott T. Massie, chief executive.  In its
petition, the Debtor estimated $1 million to $10 million in assets
and $50 million to $100 million in liabilities.  Lea Pauley Goff,
Esq., and Emily Pagorski, Esq., at Stoll Keenon Ogden PLLC, serve
as bankruptcy counsel.


DATA COOLING: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor affiliates that filed Chapter 11 bankruptcy petitions:

    Debtor                                         Case No.
    ------                                         --------
    Data Cooling Technologies LLC                  17-52170
       fka Air Enterprise Acquisition LLC
       dba Thermotech Enterprises, Inc.
       fka Air Enterprises LLC
    1777 Miller Parkway
    Streetsboro, OH 44241

     Data Cooling Technologies Canada LLC          17-52177
        fka Air Enterprises Canada LLC
     1777 Miller Parkway
     Streetsboro, OH 44241

Type of Business: Data Cooling Technologies LLC is the exclusive
                  North American licensee of US Patent No.
                  7753766.  The KyotoCooling patented solution
                  utilizes a heat wheel and an indirect
                  economization process to produce the most
                  reliable and efficient cooling technology in the

                  data center industry.  With over 150
                  installations worldwide, KyotoCooling is
                  deployed in Tier III and Tier IV mission
                  critical data centers in six different
                  continents.  

                  Web site:
https://airenterprises.com.draftcloud.net

Chapter 11 Petition Date: September 8, 2017

Court: United States Bankruptcy Court
       Northern District of Ohio (Akron)

Judge: Hon. Alan M. Koschik

Debtors' Counsel: Sean D. Malloy, Esq.
                  MCDONALD HOPKINS LLC
                  600 Superior Avenue E, Suite 2100
                  Cleveland, OH 44114-2653
                  Tel: (216) 348-5400
                  E-mail: smalloy@mcdonaldhopkins.com

Technologies LLC's estimated assets: $10 million to $50 million
Technologies LLC's estimated debt: $10 million to $50 million

Canada LLC's estimated assets: $0 to $50,000
Canada LLC's estimated debt: $100,000 to $500,000

The petitions were signed by Gregory Gyllstrom, chief executive
officer.  Full-text copies of the petitions are available for free
at:

          http://bankrupt.com/misc/ohnb17-52170.pdf
          http://bankrupt.com/misc/ohnb17-52177.pdf

A. Data Cooling Technologies LLC's List of 20 Largest Unsecured
Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Kyotocooling North America LLC        Trade Debt       $1,700,000
Attn: John Drossos
2651 North Harwood, Ste 360
Dallas, TX 75201

Capitol Power Service LLC             Trade Debt       $1,266,723
20365 Exchange Street
Ashburn, VA 20147

RAE Corporation                       Trade Debt         $891,931
P.O. Box 1206
Pryor, OK
74362-1206

TSS Technologies Inc.                 Trade Debt         $808,500
8800 Global Way
West Chester, OH 45069

Brock Solutions US Inc.               Trade Debt         $753,785
88 Ardelt Ave
Kitchener, ON
NC2 2C9
Canada

Above Air Technologies LLC            Trade Debt          $574,651
5179 Mountville Rd
Frederick, MD 21703

Starr Manufacturing Inc.              Trade Debt          $535,303
4175 Warren
Sharon Rd
Vienna, OH
44473-9524

Ziel-Abegg                            Trade Debt          $446,380
P.O. box 19971
Greensboro, Inc
27419

HDT Expeditionary Systems Inc.        Trade Debt          $425,902
30500 Aurora Road
Salon, OH 44139

Landstar Ranger, Inc.                 Trade Debt          $324,704
P.O. Box 784293
Philadelphia, PA
19178-4293

Marsam Metalfab                       Trade Debt          $262,726
1870 Enterprise Pkwy
Twinsburg, OH 44087

Complete Access                       Trade Debt          $262,513
1345 Ryan Road
Buckley, WA 98321

Coilmaster Corporation                Trade Debt          $216,238
P.O. Box 1764
Memphis, TN 38101

Weaver Fab & Finishing                Trade Debt          $208,346
1100 Home Ave
Akron, OH 44301

American Express                      Trade Debt          $188,521

Tallmadge Spinning & Metal            Trade Debt          $177,043

Sheet Metal Products Co               Trade Debt          $176,096

Aerotek Inc.                          Trade debt          $147,296

Modern Niagara HVAC Services Inc.     Trade Debt          $142,752

CEC Facilities Group LLC              Trade Debt          $141,919

B. Data Cooling Technologies Canada LLC's List of Three Unsecured
Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Chris Fulton                            Sales             Unknown
215 Pandora Avenue                    Commission
Kitchener, ON
N2H 3E5
Canada

Ellisdon Hitt JV                     Trade Debt            Unknown
1004 Middlegate Road
Ste 1000
Mississauga, ON
N6A 4M6
Canada

Urbacon                              Trade Debt            Unknown
80 Via Renzo
Drive
Richmond Hills,
ON L4S 0B4
Canada


DEAN FOODS: Fitch Affirms Then Withdraws 'BB-' IDR
--------------------------------------------------
Fitch Ratings has affirmed and withdrawn all its ratings for Dean
Foods Company and its subsidiary, Dean Holding Company:

Dean Foods Company (Parent)
-- Long-term Issuer Default Rating (IDR) 'BB-';
-- Secured bank credit facility 'BB+/RR1';
-- Senior unsecured notes 'BB-/RR4'.

Dean Holding Company (Operating Subsidiary)
-- Long-term IDR 'BB-';
-- Senior Unsecured notes 'BB-/RR4'.

The Outlook is Stable.

Fitch has withdrawn Dean Foods' ratings for commercial reasons.
Fitch reserves the right in its sole discretion to withdraw or
maintain any rating at any time for any reason it deems
sufficient.

KEY RATING DRIVERS

Moderate Debt, Rising Leverage: Maintaining moderate debt levels
should help Dean withstand the secular decline in U.S. fluid milk
consumption and potential volatility in raw milk costs while
providing flexibility for the firm to reinvest in its business.
Fitch expects total debt for Dean to remain in the $800
million-$900 million range, in line with where it has been since
2013, after the company repays $142 million of 6.9% notes due Oct.
15, 2017. However, leverage is expected to increase materially over
the intermediate term due to lower operating earnings and cash
flow. Fitch projects total debt/EBITDA and total adjusted
debt/EBITDAR will rise from 1.8x and 3.0x in 2016, respectively, to
2.8x and 4.1x, by 2019, which remain acceptable for current
ratings.

Leading Share, Industry Challenges: Dean is the largest U.S.
processor of fluid milk with approximately 34% to 35% market share.
However, the category is in secular decline due to competition from
alternative beverages and weakness in the cereal category. Milk
processors also have limited pricing power due to the commodity
orientation of the product and excess capacity. Dean's volumes
declined 2.7% in the second quarter of 2017 but were particularly
weak for branded white milk where volumes declined 6%. Volume
declines are expected to increase to the mid-single-digit range
through 2019 due to customer losses caused by loss volume to
Wal-mart Stores, Inc., which is building a dairy processing plant
to supply certain of its stores in the Midwest, competitive
pricing, and retailers promoting private-label milk.

Significant Earnings Pressure: Historically Fitch viewed yearly
EBITDA of $400 million-$500 million, which is equivalent to
operating profit per gallon of about $0.10-$0.13, as normal for
Dean. Fitch's view assumed volumes decline 1%-3%, Class I milk
prices are within +/- 10% of the roughly $16/hundredweight (cwt)
15-year historical average, and the realization of cost savings.
However, Fitch currently expects operating profit per gallon and
EBITDA to be sustained below $0.10 and $400 million, respectively,
over the intermediate term due mainly to volume declines in the
mid-single-digit range and negative mix shift towards private-label
milk, and despite accelerated cost reductions.

Multifaceted, But Challenged Strategy: Dean's strategy is to
balance volume growth and price realization while reducing costs to
protect operating profit per gallon. The company initiated a
three-year $100 million productivity program in 2017 to eliminate
waste, increase supply-chain efficiency, and enhance network
optimization, and is also targeting $40 million-$50 million of SG&A
cost cuts by year end. Dean is also focused on growing its
portfolio of higher-margin brands including DairyPure, TruMoo, and
Friendly's, while expanding its go-to-market strategy to include
customer warehouses. Fitch does not expect cost reductions to fully
offset the negative impact of volume declines and believes Dean's
branded strategy is being negatively impacted by retailers
aggressively promoting private-label milk to drive store traffic.

Positive FCF, Manageable Maturities: Dean's FCF is being negatively
impacted by declining operating earnings and a voluntary pension
contribution in 2017 but remains positive. Fitch projects Dean
annual FCF (cash flow from operations less capex and dividends)
will approximate $40 million-$75 million over the intermediate term
assuming capex in the $100 million-$130 million range and modest
dividend increases. Dean intends to repay $142 million of 6.9%
notes due Oct. 15, 2017, after which it does not have any
meaningful maturities until 2023 when $700 million of 6.5% notes
are due.

DERIVATION SUMMARY

Dean's IDR is lower than other packaged food companies with similar
leverage due to the commodity nature of its business and potential
for significant earnings volatility. The company's ratings also
incorporate secular challenges in the fluid milk category. Total
debt/EBITDA for Dean has generally been in line with that of other
commodity-oriented food companies; such as Tyson Foods, Inc.
(BBB/Stable) and Smithfield Foods, Inc. (BBB/Stable). However,
Fitch's rating is based on lease-adjusted leverage due to the
company's significant operating lease obligations.

KEY ASSUMPTIONS

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

-- Raw milk prices, as measured by the class I mover, increase
    nearly 10% to approximately $16.30/cwt in 2017 and remain near

    that level in 2018.

-- Total annualized revenue approximates $7.8 billion in 2017,
    declining to under $7 billion by 2019 due to mid-single-digit
    volume declines and pricing correlated to with raw milk
    prices.

-- Operating profit per gallon approximates 7 cents-8 cents per
    gallon through 2019.

-- EBITDA approximates $325 million-$375 million annually through

    2019.

-- FCF after dividends around $40 million-$75 million annually
    through 2019.

-- Total debt/EBITDA increases towards 3.0x and total adjusted
    debt/EBITDAR to the low 4.0x range by 2019.

RATING SENSITIVITIES

Rating sensitivities are no longer relevant given rating
withdrawals.

LIQUIDITY

At June 30, 2017, Dean had approximately $910 million of total
debt, the vast majority of which is unsecured. Total debt consisted
mainly of $142 million aggregate principal amount of notes due Oct.
15, 2017 which the company intends to repay, $700 million of 6.5%
notes due March 15, 2023, and $65 million outstanding under the
company's $450 million receivables-backed facility due Jan. 4,
2020.

On Jan. 4, 2017, Dean amended its $450 million revolving credit
facility (RCF) to extend the maturity through Jan. 4, 2022,
eliminate a maximum senior secured net leverage ratio requirement,
and reduce the interest rate. The amendment also modified the
definition of Consolidated EBITDA to permit certain pro forma
cost-savings add-backs in connection with permitted acquisitions
and dispositions. The credit facility has an accordion feature that
allows the company, subject to certain conditions, to increase the
commitment by up to $200 million through the issuance of
incremental term loans or increased revolver commitments.

In conjunction with the amended credit facility, Dean also amended
its receivables facility to extend the maturity through Jan. 4,
2020. As a part of the amendment, the size was reduced from $550
million to $450 million. Covenants were also made consistent with
the amended RCF and pricing was modified.

Dean is currently in compliance with all of its covenants. The
facilities mentioned above require the company to maintain maximum
total leverage of 4.25x, which allows Dean to subtract up to $50
million unrestricted cash. A/R borrowings are included in the total
leverage covenant. At June 30, 2017, Dean's total leverage ratio as
defined in the credit agreement was 2.25x.

The company's liquidity is also supported by FCF generation
(excluding one-time items), which Fitch believes will approximate
$40 million-$75 million annually through the forecast period.
Capital spending declined modestly to $145 million in 2016 from
$163 million in 2015 and is expected to approximate $120
million-$130 million in 2017. Fitch estimates that maintenance
capex is about $75 million.

FULL LIST OF RATING ACTIONS

Fitch Ratings has affirmed and withdrawn the following ratings for
Dean Foods as follows:

Dean Foods Company (Parent)
-- Long-term Issuer Default Rating (IDR) 'BB-';
-- Secured bank credit facility 'BB+/RR1';
-- Senior unsecured notes 'BB-/RR4'.

Dean Holding Company (Operating Subsidiary)
-- Long-term IDR 'BB-';
-- Senior Unsecured notes 'BB-/RR4'.

The Outlook is Stable.


DELPHI JERSEY: Fitch Assigns Initial 'BB' Issuer Default Rating
---------------------------------------------------------------
Fitch Ratings has assigned an initial Long-Term Issuer Default
Rating (IDR) of 'BB' to Delphi Jersey Holdings plc (DPS). DPS is
comprised of the Powertrain Systems and Aftermarket businesses of
Delphi Automotive PLC (DLPH), which DLPH intends to spin off into
an independent, publicly traded company by the end of the first
quarter of 2018. Fitch has also assigned a rating of 'BB/RR4' to
DPS's proposed $750 million in senior unsecured notes due 2025. The
Rating Outlook for DPS is Stable.

DPS is currently a subsidiary of Delphi Automotive PLC (DLPH). DLPH
plans to spin off DPS into a standalone, publicly traded company
through the issuance of shares to DLPH's existing shareholders.
DLPH plans to complete the spin off by March 31, 2018. Proceeds
from the proposed senior unsecured notes will be held in escrow
until closing. Following the spin-off, DPS intends to pay a
dividend to DLPH, funded with a portion of the proceeds from the
senior unsecured notes and a new $750 million term loan. Fitch
expects the dividend will be between $1.1 billion and $1.2
billion.

KEY RATING DRIVERS

DPS's ratings are based on its standalone credit profile and assume
that the company is spun off from DLPH, as planned, by early 2018.
The ratings reflect DPS's strong market position in powertrain
products and technology, a global footprint with a significant
presence in Europe and Asia, and a broad mix of original equipment
manufacturer (OEM) and aftermarket customers. The ratings consider
the company's good growth prospects, with projected low to
mid-single digit growth despite some near-term headwinds related to
a shift away from diesel passenger cars in Europe and a longer-term
shift to fully electric vehicles. The company is projected to
generate healthy EBITDA margins of around 17% initially, generate
positive free cash flow (FCF) that approaches 5% of revenues by
2019, and maintain relatively conservative financial policies.

Rating concerns include the cyclical nature of the global auto
industry, intense industry competition, potentially volatile raw
material costs, and new entrants into the automotive technology
sector. In addition, the company is smaller and has a narrower
product line than certain of its key competitors, and it has a
limited track record as a standalone company. Partially mitigating
these concerns is the company's expertise and product offerings in
power electronics, which will see significant demand growth as
hybrid and electric vehicles capture a larger share of the global
automotive market.

Following the spin-off, Fitch expects DPS's EBITDA leverage
(debt/Fitch-calculated EBITDA) will run near 2x over the
intermediate term, or roughly half a turn higher than DLPH's recent
historical leverage. Over the longer term, leverage could decline
to the upper 1x range, assuming EBITDA grows on higher business
levels and the company does not make any significant debt-funded
acquisitions. Fitch's calculation of debt includes an estimate of
DPS's off-balance sheet factoring, which is related to certain
factored aftermarket receivables. The off-balance sheet factoring
program will stay with DPS following the spin-off.

Fitch expects DPS to produce relatively strong FCF over the
intermediate term, with FCF margins running in the mid-single digit
range. However, in the near term, Fitch expects FCF will be
pressured by one-time spin-off-related tax payments, which could
result in modestly negative FCF in the first year following the
separation from DLPH. Over the longer term, Fitch expects
relatively strong operating cash flow will generally provide the
company with sufficient flexibility to fund capital spending,
smaller acquisitions and, potentially, shareholder returns without
the need for significant incremental long-term borrowing.

Similar to many other U.S. auto suppliers, Fitch expects most of
DPS's debt will be issued in the U.S., while a little over 70% of
the company's revenue is derived outside the U.S. Although this
will create a mismatch between the source of the company's cash and
its debt obligations, Fitch believes DPS will have sufficient
financial flexibility to meet its U.S. dollar-denominated debt
obligations when they come due. Notably, because the company is a
U.K. resident taxpayer organized under the laws of Jersey, the tax
consequences of transferring cash into the U.S. to service its
obligations will be lower than for U.S.-resident companies.

Fitch has assigned a recovery rating of 'RR4' to the proposed
senior unsecured notes, reflecting Fitch's view that they would
have average recovery prospects in the 31% to 50% range in a
distressed scenario.

DERIVATION SUMMARY

DPS's ratings reflect its positioning as a smaller auto supplier
with a more focused product line than many of its peers. However,
DPS generates EBITDA margins that are at the high end of its peers
as well as above average FCF as a percentage of adjusted debt.
DPS's leverage metrics are modestly weaker than its investment
grade peers and generally in-line with auto suppliers in the 'BB'
category. DPS's ratings also consider its limited track record as a
standalone company.

In terms of peers, BorgWarner Inc. (BBB+/Stable) is twice the size
of DPS, with similar EBITDA margins and leverage that is at the low
end of DPS's targeted range. Tenneco Inc. (BB+/Stable) is also
nearly twice DPS's size, with lower EBITDA margins (partly
explained by the commodity pass-through revenue), and has somewhat
higher financial leverage, though it has been less acquisitive
historically.

KEY ASSUMPTIONS

The base case assumptions are as follows:

-- DPS is spun off from DLPH as currently contemplated by early
    2018.

-- Revenues grow at a mid-single-digit rate over the longer term.

-- EBITDA margins narrow in 2018 due to costs associated with the

    separation and recover in later years due to volume growth and

    restructuring activities.

-- Capital spending is projected to track at around 5% to 6% of
    revenues.

-- FCF is projected to be slightly negative in 2018, improving to

    over $200 million in 2019 and over $300 million in 2020.

RATING SENSITIVITIES

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

-- Growth and diversification of the company's product line,
    improving long-term growth prospects and moderating
    cyclicality.

-- A demonstrated commitment to deleveraging, with EBITDA
    leverage declining to the upper 1x range.

-- A reduced secured component in the capital structure.

-- Sustained FCF margins in the mid-single-digit range.

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

-- An unexpected sharp decline in global auto production;

-- A decline in the company's EBITDA margins to below 13% for an
    extended period;

-- An increase in debt/EBITDA to above 2.5x and funds from
    operations (FFO) adjusted leverage to above 3.0x for an
    extended period.

LIQUIDITY

Fitch expects DPS's liquidity position to remain adequate over the
intermediate term. At June 30, 2017, DPS had $78 million in
unrestricted cash and cash equivalents, although Fitch expects DPS
to maintain a significantly higher level of cash on its balance
sheet over the intermediate term once is it is an independent
company. DPS intends to augment its cash with access to a $500
million revolver.

Fitch expects DPS will follow a capital allocation strategy similar
to that at DLPH, which prioritizes investment over share
repurchases. Fitch views this capital allocation philosophy as
disciplined and relatively conservative, and Fitch expects the
company will generally pull back on share repurchase activity when
it needs to conserve liquidity.

Based on its criteria, Fitch treats $100 million of DPS's cash as
"not readily available" for purposes of calculating net metrics.
This is based on Fitch's estimate of cash needed to cover
seasonality in DPS's business. Because DPS is a U.K. resident
taxpayer organized under the laws of Jersey, Fitch has not included
the company's non-U.S. cash in its calculation of "not readily
available cash", since the tax consequences of moving cash into the
U.S. will be lower than they would be for a U.S.-domiciled
company.

FULL LIST OF RATING ACTIONS

Fitch has assigned the following ratings with a Stable Outlook:

Delphi Jersey Holdings plc

-- Long-Term Issuer Default Rating 'BB';
-- Proposed senior unsecured notes 'BB/RR4'.


DELPHI JERSEY: Moody's Assigns Ba3 CFR & B1 Senior Notes Rating
---------------------------------------------------------------
Moody's Investors Service assigned first time ratings to Delphi
Jersey Holdings plc including a Corporate Family Rating ("CFR") at
Ba3, senior unsecured at B1, and Speculative Grade Liquidity Rating
at SGL-2. The rating outlook is stable.

Delphi Automotive plc ("Delphi") intends to spin off its Powertrain
Systems segment (engine management systems and aftermarket
operations) to create DPS, a separate, independent, publicly traded
company. The spin-off is expected to be completed by March of 2018,
subject to customary market, regulatory and other conditions. The
net proceeds from the $750 million senior unsecured notes and a
$750 million term loan (unrated) are expected to be used to fund a
$1.148 billion special dividend to Delphi, fund balance sheet cash,
and pay related transaction taxes, fees and expenses.

Delphi's senior unsecured Baa2 rating and stable outlook are
currently not impacted by this transaction, although Moody's views
the transaction as credit negative. About 22% of Delphi's EBITDA
generation for the LTM period ending June 30, 2017 was derived from
DPS. With no change to Delphi's post spin-off debt, Delphi's pro
forma debt/EBITDA could increase to 2.1x (after Moody's standard
adjustments) from about 1.9x for the LTM period ending June 30,
2017. Delphi, post-spin-off of DPS, will remain a substantial Tier
1 supplier increasingly focused on areas with increasing vehicle
content. The remaining Delphi business generated about $12.4
billion of pro forma revenues and about $2.2 billion of EBITDA for
the LTM period ending June 30, 2017.

The following ratings were assigned:

Delphi Jersey Holdings plc:

Ba3, Corporate Family Rating;

Ba3-PD, Probability of Default Rating;

B1 (LGD5), to the $750 million senior unsecured notes due 2025;
(These notes are guaranteed by Delphi Powertrain Corporation)

SGL-2, Speculative Grade Liquidity Rating.

Rating Outlook: Stable

The $1.25 billion bank credit facility is not rated by Moody's.

RATINGS RATIONALE

DPS's Ba3 CFR reflects the company's competitive position as a
major global automotive supplier of powertrain products,
comparatively strong profit margins and moderate initial leverage.
DPS's engine management product are focused around improving fuel
efficiency and electronic controllers which are experiencing
increasing vehicle content. DPS's competitive profile also includes
diverse geographic, customer, and market exposure. DPS's products
offerings, along with restructuring action taken over the recent
years have supported a strong EBITA margin of 11.5% (inclusive of
Moody's standard adjustments) for the LTM period ending June 30,
2017. Pro Forma for the spin-off transaction, DPS's Debt/EBITDA is
estimated to be moderate at 3.2x for the LTM period ending June 30,
2017.

While DPS's product offerings are well positioned, Moody's believes
that a number of challenges face the company. About 63% of revenues
are generated from light vehicle customers, a segment where Moody's
expects global automotive demand will remain modest over the
near-term. In addition, about 60% of the company's OEM business is
related to the internal combustion engine. Companies with this
exposure are expected to face a number of challenges over the next
several years as hybrid/electric and fully electric vehicles
increase in market penetration. Moody's believes electric vehicles
will not have a material share of automotive production before the
mid-to-late 2020's. Yet, global automotive OEMs continue to make
significant investments into electric and hybrid powertrains, and
the core related suppliers are anticipated to follow suit. Further,
a number of DPS's competitors are segments within larger. and some
more technology oriented, companies. Ongoing, research and
development investment will be needed to remain competitive.

Other credit risks include: the high cyclicality within the
automotive industry; varying growth prospects in the regions in
which the company operates; varying demand for the products of the
company's automotive manufacturing customers; and increasing
complex vehicle content which requires incremental electrical and
connectivity components.

The majority of DPS's debt is borrowed in Europe. The senior
unsecured rating reflects Moody's EMEA approach within the Loss
Given Default Methodology, which includes treatment of trade
payables and U.K. pensions as secured amounts with priority over
the senior unsecured debt, based on the expected approach in
reorganization . In addition, although there will be secured debt
(the bank debt), the entities securing the secured debt are
estimated to have generated 10 to 15% of DPS's consolidated
adjusted EBITDA for 2016. Consequently, the secured debt is
expected to be in a somewhat more favorable recovery position
relative to the unsecured notes and would likely enjoy a modestly
higher recovery.

DPS's SGL-2 Speculative Grade Liquidity Rating anticipates a good
liquidity profile over the 12-18 months following the spin-off,
supported by cash, availability under a new revolving credit
facility, and our expectation of improving free cash flow
generation. Pro forma cash as of the close of the spin off is
anticipated to be $150 million and the $500 million revolving
credit facility, maturing in 2022, is expected to be unfunded.
Moody's estimates that DPS's free cash flow generation immediately
following the spin-off will be close to break-even. While operating
performance is expected to gradually improve over the near-term,
additional restructuring costs are anticipated to consume cash.
Free cash flow generation should improve thereafter. The term loan
A has modest amortization requirement over the next 12-18 months.
The financial covenant under the senior secured facilities includes
a net leverage ratio test for which the company is expected to
maintain ample covenant cushion over the near-term.

DPS's stable rating outlook anticipates the company's strong
competitive position will be maintained over the intermediate-term
as profit improvement actions take hold.

The ratings could be upgraded if Moody's expects DPS to sustain
EBITA margins in the low double digits range, inclusive of
restructuring charges, with Debt/EBITDA sustained below 2.5x,
supported by positive free cash flow generation solidly in the
high-teens as percentage of debt annually, and balanced financial
policies, while maintaining a good liquidity profile.

The ratings could be downgraded with the expectation of material
deterioration of automotive demand or loss of a major customer, if
EBITA margins are anticipated to be sustained below 7%, or
Debt/EBITDA above 4.0x, or a deterioration in liquidity. Debt
funded acquisitions or large shareholder return actions could also
result a lower outlook or rating.

The principal methodology used in these ratings was Global
Automotive Supplier Industry published in June 2016.

Delphi Jersey Holdings plc is a leading global automotive supplier
of engine management systems and aftermarket parts. Components
include advanced fuel injection systems, actuators, valvetrain
products, sensors, electronic control modules and power electronics
technologies. Revenues for the LTM period ending  June 30, 2017
were approximately $4.6 billion.


DELPHI JERSEY: S&P Assigns Prelim 'BB' CCR, Outlook Stable
----------------------------------------------------------
S&P Global Ratings assigned its preliminary 'BB' corporate credit
rating to Delphi Jersey Holdings plc. The outlook is stable.

S&P said, "At the same time, we assigned our preliminary 'BB'
issue-level rating and '4' recovery rating to the company's senior
unsecured debt. The '4' recovery rating indicates our expectation
that lenders will receive average recovery (30%-50%; rounded
estimate 40%) in the event of a default.

"Our preliminary ratings reflect the cyclicality of the auto
industry, DPS' capital intensity, and the volatility of its launch
cadence, in addition to the constant pricing pressures from its
customers and competitors and its exposure to potentially volatile
commodity costs. We also take into account the company's low cost
base and its ability to adapt to the changing demand for autos and
commercial vehicles.

"The outlook is stable. We expect that Powertrain will continue
generating solid earnings and cash flow, with stable credit
measures in line with our expectations for the current rating, due
to growth in sales and content per vehicle, as well as occasional
acquisitions. We expect debt leverage below 4.0x and FOCF to total
debt of 10% or higher through 2018.

"We could lower the rating if we came to believe that global auto
markets would decline and Powertrain would not be able to offset
profitability pressures, or that cash generation would suffer
significantly from lower-than-expected vehicle production levels, a
spike in unrecovered commodity costs, or a substantial use of cash
to fund large transactions or shareholder-friendly actions. We
could also lower the rating if the company's FOCF to debt drops to
less than 10% or if debt leverage increased to more than 4.0x on a
sustained basis.

"We could raise the ratings if the company's FOCF to debt moves
above 15% and debt leverage declines below 3.0x on a sustained
basis as demonstrated by increasing market share in its key end
markets and ongoing EBITDA margin expansion. At the same time, we
would need to believe that the company could execute consistently
even during industry downturns and remain committed to balancing
investments, dividends, and acquisitions in line with its current
financial profile."


DEXTERA SURGICAL: Series A Pref. Stock Returns to Unissed Status
----------------------------------------------------------------
As a result of all outstanding shares of its Series A Convertible
Preferred Stock having converted to common stock, Dextera Surgical
Inc. filed a Certificate of Elimination to its Certificate of
Incorporation with the Secretary of State of the State of Delaware.
The filing of the Certificate of Elimination had the effect of
causing Dextera's Series A Convertible Preferred Stock to return to
the status of authorized but unissued and undesignated shares of
preferred stock.

                     About Dextera Surgical

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

Dextera reported a net loss of $15.98 million for the fiscal year
ended June 30, 2016, following a net loss of $19.18 million for the
year ended June 30, 2015.

As of March 31, 2017, Dextera had $5.79 million in total assets,
$9.64 million in total liabilities and a total stockholders'
deficit of $3.85 million.

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


DIGIDEAL CORP: Unsecureds to be From Sale Net Proceeds
------------------------------------------------------
Digideal Corporation has filed with the U.S. District Court for the
District of Maine a disclosure statement dated Aug. 21, 2017,
referring to the Debtor's plan of reorganization.

Class 12 Unsecured Claims -- totaling $5,283,719.89 -- will be paid
pro rata from the net proceeds of the sale, to the extent
sufficient, until paid in full.

The Debtor's Plan is a partial liquidation plan, providing for the
liquidation of a portion of the property of the Debtor, namely,
claims the Debtor holds.  It also gives the Debtor the option to
sell its business in the future, but only after notice and hearing.
The Debtor's Plan is essentially premised upon its ability to
operate its business profitably.

The Plan states that the Debtor will use its best efforts to sell
its intellectual property for a fair market value for cash.

The Plan provides that the Debtor will employ special counsel and
use its best efforts to liquidate the claim against Shuffle Tech
International, LLC, Poydras-Talrick Holdings, LLC, and Richard
Schultz.

The Debtor proposed by its Plan that the Debtor will employ special
counsel or use attorney for the Debtor to liquidate claim against
Western Electronics.

The Debtor proposes in its Plan that unless Class 5 (Seaport)
voluntarily agrees to release any avoidable lien upon the Debtor's
personal property, or the Debtor and Class 5 enter into a
stipulation that is approved by the Court after notice and hearing,
the Debtor will cause an action to be commenced before the Court
for a determination of the nature and extent of Seaport V, LLC's
lien upon and in any of the Debtor's property.  The Debtor asserts
that the claims of Seaport has lapsed and became, unperfected, at
least in part, by reason of the fact that its financing statement
filing lapsed.  A final court decision will identify the property
securing the Seaport claim.  It will also define the value of the
Debtor's property, including the remaining collateral, if any, of
Seaport.

The Plan proposes that the Debtor will use its best efforts to sell
Digideal Mexico or its interest in the same upon the terms as the
Court may approve after notice and hearing.  The Debtor will also
use its best efforts to collect the receivable due the Debtor from
Digideal Mexico.  

A copy of the Disclosure Statement is available at:

              http://bankrupt.com/misc/waeb17-00449-197.pdf

                   About Digideal Corporation

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

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

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


DISCOVER FINANCIAL: Fitch Affirms BB- Preferred Stock Rating
------------------------------------------------------------
Fitch Ratings has affirmed Discover Financial Services' (DFS)
Long-Term Issuer Default Rating (IDR) at 'BBB+', Viability Rating
(VR) at 'bbb+', and Short-Term IDR at 'F2'. The Rating Outlook is
Stable.  

The rating actions have been taken as part of Fitch's periodic
review of U.S. consumer-focused internet banks, which contains four
publicly rated firms.

KEY RATING DRIVERS

VRs, IDRs, AND SENIOR DEBT

The rating affirmation reflects DFS's strong franchise, supported
by its owned payments network, peer-superior credit performance,
strong and consistent financial performance over various economic
and market cycles, diverse funding base, ample liquidity, strong
risk-adjusted capitalization, and seasoned management team.

Rating constraints include DFS's concentrated and cyclical business
model, heavier reliance on wholesale funding, potential funding
sensitivity associated with internet deposits in a rising rate
environment, the likelihood of asset quality reversion from current
levels, threats from disruptive technologies in the payments space,
and elevated regulatory and legislative risk.

Furthermore, ratings remain constrained by DFS's relatively weaker
market position within the increasingly competitive payments
industry, as evidenced by its smaller market share compared to
payment network peers (e.g. Visa Inc., MasterCard Incorporated, and
American Express Company) and general purpose credit card issuers
(JPMorgan Chase & Co., Bank of America Corporation, and Citigroup
Inc.).

Fitch views DFS's ability to generate strong and consistent
operating performance over time as a rating strength. While net
income for 1H17 decreased 7%, due largely to a 47% increase in the
provision for loan losses and a non-recurring tax benefit
recognized in 2Q16, return on equity remained strong, at 20%, while
return on assets was a robust 2.4%.

Fitch expects DFS's financial performance to remain relatively
stable over the near term, as an increase in interest income,
stemming from higher interest rates and loan growth, is partially
offset by higher credit and funding costs. Loan growth is expected
to be fueled by targeted marketing initiatives, new product
introductions, innovative rewards programs, and the firm's highly
regarded customer service. DFS has exhibited strong growth in its
student loan and personal loan portfolios, in particular, which
should contribute to the company's strong earnings profile.
However, DFS recently announced its intentions to tighten
underwriting standards on personal loans, which will slow growth
and reduce yields but will likely result in stronger credit
performance.

Credit performance is expected to continue its normalizing trend as
charge-offs and delinquencies rise from what had been historically
low levels. DFS recently increased its FY17 net charge-off guidance
to 2.7%-2.8%, (about 50bps higher than 2016 losses) due to higher
loss severity on older vintages stemming from an increase in
consumer leverage. Fitch expects the loan loss provision to
increase further in 2H17 primarily driven by the seasoning of new
account growth in recent years and lower recoveries on charged-off
loans. Credit card net charge-offs increased 52bps year over year,
to 2.89% in 1H17, but remained well below the industry average.
Reserve coverage for credit card loans remained strong at 3.21% of
loans and 160% of loans past due at June 30, 2017.

Despite increasing levels of capital distributions to shareholders
in recent years, Fitch believes DFS remains well-capitalized. At
June 30, 2017, DFS's common equity Tier 1 capital ratio (CET1) was
13.0% on a Basel III transitional and fully-phased in basis. These
metrics compare favorably to peers. Additionally, DFS performed
well in the most recent Comprehensive Capital Analysis and Review
(CCAR). As part of this review, DFS received a non-objection from
the Fed on its capital plan in June 2017, which included a 16.7%
increase in the quarterly dividend and $2.23 billion of share
repurchase authority through 2Q18. The plan equates to a payout
ratio greater than 100% of 1H17 annualized earnings compared to a
payout ratio of 99% in 2016. Assuming continued strong loan growth
and high payouts to shareholders, Fitch expects capital ratios will
moderate over time, but that DFS will remain well-capitalized
compared to peers.

DFS's funding diversity serves as a ratings strength. At June 30,
2017, deposits represented 66% of total funding, with secured debt
accounting for 21% and unsecured debt accounting for 13%. Fitch
views a greater proportion of deposit funding positively as it
reduces funding concentration risk and provides more flexibility in
the event that wholesale funding sources (securitization and public
debt markets) dry up or become cost prohibitive. Although deposit
betas have been relatively modest to date, Fitch expects additional
rate hikes by the Fed to result in more significant increases in
deposit rates for online banks, including DFS. However, this should
be at least partially offset by increasing asset yields.

DFS maintains adequate liquidity with strong risk oversight. At
June 30, 2017, DFS's liquidity portfolio amounted to $13.9 billion
(or 14.9% of tangible assets). Long-term debt maturities consist of
$750 million of unsecured holding company notes over the next 12
months, which Fitch believes is manageable. Fitch views DFS's
liquidity position as strong and it is expected to remain
relatively stable.

The Stable Outlook reflects expectations for stable operating
performance, strong capitalization and liquidity levels, and solid
credit performance relative to the industry over the outlook
horizon.

SUBORDINATED DEBT AND OTHER HYBRID SECURITIES

DFS's subordinated debt rating is rated one notch below the
entity's VR of 'bbb+' in accordance with Fitch's assessment of each
instrument's respective non-performance and relative loss severity
risk profile. The subordinated note rating includes one notch for
loss severity given the subordination of these securities in the
capital structure, and zero notches of non-performance given
contractual limitations on interest payment deferrals and no
mandatory trigger events which could adversely impact performance.

DFS's preferred stock ratings are rated five notches below DFS's VR
of 'bbb+' in accordance with Fitch's assessment of each
instrument's respective non-performance and relative loss severity
risk profile. The preferred stock ratings include two notches for
loss severity given these securities' deep subordination in the
capital structure, and three notches for non-performance given that
the dividends are non-cumulative and fully discretionary.

LONG- AND SHORT-TERM DEPOSIT RATINGS

Discover Bank's uninsured deposit ratings of 'A-/F2' are one notch
higher than their respective IDRs because uninsured deposits
benefit from depositor preference in the U.S. Fitch believes that
this preference in the U.S. gives deposit liabilities superior
recovery prospects in the event of default.

HOLDING COMPANY

DFS's IDR and VR are equalized with its bank subsidiary, reflecting
its role as the bank holding company, which is mandated in the U.S.
to act as a source of strength for its bank subsidiaries. Ratings
are also equalized reflecting the very close correlation between
holding company and subsidiary failure and default probabilities.

SUPPORT RATING AND SUPPORT RATING FLOOR

DFS has a Support Rating of '5' and Support Rating Floor of 'NF'.
In Fitch's view, DFS is not systemically important, and therefore,
the probability of sovereign support is unlikely. DFS's IDRs and
VRs do not incorporate any support.

RATING SENSITIVITIES
VRs, IDRs AND SENIOR DEBT

Positive rating momentum could be driven by consistent market share
gains in card-based payments, increased revenue diversity, and
sustained strong credit performance in all loan categories through
the credit cycle. Positive ratings momentum could also be driven by
enhanced funding flexibility in the form of retail deposits. In
particular, the durability of DFS's internet-based deposit platform
during a sustained period of rising interest rates will be a key
consideration in evaluating the strength of the company's funding
profile.

Negative rating action could be driven by a significant decline in
profitability associated with slowing loan growth and/or meaningful
net interest margin compression, an outsized degradation in credit
performance relative to peers, a weakening liquidity profile,
significant reductions in capitalization, and/or potential new and
more onerous rules and regulations. Negative rating momentum could
also be driven by an inability of DFS to maintain its competitive
position and profitability in an increasingly digitized payments
and consumer lending landscape.

The senior unsecured debt ratings are primarily sensitive to
changes in the Long-Term IDRs of DFS and Discover Bank.

SUBORDINATED DEBT AND OTHER HYBRID SECURITIES

The subordinated debt ratings are directly linked to Discover
Bank's VR and would move in tandem with any changes in the VR. The
preferred stock ratings are directly linked to DFS's VR and would
move in tandem with any changes in DFS's credit profile.

LONG- AND SHORT-TERM DEPOSIT RATINGS

Discover Bank's uninsured deposit ratings are one notch higher than
the IDR. The deposit ratings are primarily sensitive to any change
in DFS's Long- and Short-Term IDRs.

HOLDING COMPANY

Should DFS's holding company begin to exhibit signs of weakness,
demonstrate trouble accessing the capital markets, or have
inadequate cash flow coverage to meet near-Term obligations, there
is the potential Fitch could notch the holding company IDR and VR
from the ratings of the bank subsidiary.

SUPPORT RATING AND SUPPORT RATING FLOOR

Since DFS's Support and Support Rating Floors are '5' and 'NF',
respectively, there is limited likelihood that these ratings will
change over the foreseeable future.

Fitch has affirmed the following ratings:

Discover Financial Services
-- Long-Term IDR at 'BBB+';
-- Viability Rating at 'bbb+';
-- Short-Term IDR at 'F2';
-- Support Rating at '5';
-- Support Rating Floor at 'NF';
-- Senior Unsecured Debt at 'BBB+';
-- Preferred Stock at 'BB-'.

Discover Bank
-- Long-Term IDR at 'BBB+';
-- Viability Rating at 'bbb+';
-- Short-Term IDR at 'F2';
-- Support Rating at '5';
-- Support Rating Floor at 'NF';
-- Long-Term Deposits at 'A-';
-- Short-Term Deposits at 'F2';
-- Senior Unsecured Debt at 'BBB+';
-- Subordinated Debt at 'BBB'.


DORADO COMMUNITY: Sept. 27 Plan Confirmation Hearing
----------------------------------------------------
The Hon. Mildred Caban Flores of the U.S. Bankruptcy Court for the
District of Puerto Rico has conditionally approved Dorado Community
Health Inc.'s disclosure statement dated Aug. 26, 2017, referring
to the Debtor's plan of reorganization.

A hearing for the consideration of the final approval of the
Disclosure Statement and the confirmation of the Plan will be held
on Sept. 27, 2017, at 9:00 a.m.

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

Any objection to the final approval of the Disclosure Statement and
the confirmation of the Plan must be filed on or before 14 days
prior to the date of the hearing on confirmation of the Plan.
As reported by the Troubled Company Reporter on Sept. 4, 2017, the
Debtor filed with the Court a disclosure statement dated Aug. 26,
2017, referring to the Debtor's plan of reorganization dated
Aug. 20, 2017, which states that General unsecured Claims are
impaired by the Plan.  On the consummation date, the entire Class 3
claimants will receive from the Debtor a non-negotiable,
non-interest bearing promissory note, dated as of the Effective
Date, providing for a total amount of $10,000 which will be payable
in consecutive monthly installments of $166.67 during a period of
five years, starting on the Effective Date; with a monthly pro-rata
distribution among all members of this Class 3.

              About Dorado Community Health, Inc.

Dorado Community Health Inc., filed a Chapter 11 bankruptcy
petition (Bankr. D.P.R. Case No. 17-01565) on March 7, 2017,
disclosing under $1 million in both assets and liabilities.  The
Debtor is represented by Jaime Rodriguez Perez, Esq., at Hatillo
Law Office.

The Debtor hired Fuertes & Fuertes Law Office, as counsel; and
Julio Borges-Alvarado, as accountant.

Acting U.S. Trustee, Guy G. Gebhardt, filed a Notice of Appointment
before the U.S. Bankruptcy Court for the District of Puerto Rico
naming Edna Diaz De Jesus as the Patient Care Ombudsman for Dorado
Community Health, Inc.


DUNDEE ENERGY: TSX Delists Common Shares
----------------------------------------
Dundee Energy Limited on Sept. 8, 2017, disclosed that further to
its press release dated August 11, 2017, as a result of the
delisting review conducted by the Toronto Stock Exchange ("TSX"),
the common shares of the Corporation will be delisted from the TSX
at the close of markets on September 11, 2017.  Until the
reorganization proceedings under the Bankruptcy and Insolvency Act
involving wholly owned entities of the Corporation (as announced
August 15, 2017) are concluded, the Corporation does not intend to
apply to list the common shares of the Corporation on another
Canadian stock exchange.

                      About Dundee Energy

Dundee Energy Limited is a Canadian-based oil and natural gas
Corporation with a mandate to create long-term value for its
shareholders through the exploration, development, production and
marketing of oil and natural gas, and through other high impact
energy projects.  Dundee Energy holds interests, both directly and
indirectly, in the largest accumulation of producing oil and gas
assets in Ontario and, through a preferred share investment, in
certain exploration and evaluation programs for oil and natural gas
offshore Tunisia.


EAGLEVIEW TECHNOLOGY: Loan Upsize Plan No Impact on Moody's B3 CFR
------------------------------------------------------------------
Moody's Investors Service said EagleView Technology Corporation's
recently announced plan to upsize its existing first-lien term loan
by $100 million to $336 million and use the proceeds to fully repay
the second-lien term loan facility, does not impact the B3
Corporate Family Rating (CFR), however it will cause a one notch
downgrade of the first-lien credit facilities rating to B3 from B2.


Headquartered in Seattle, Washington, EagleView Technology
Corporation is a leading provider of 3D aerial measurement services
to the government, property & casualty insurance and residential
construction markets.


EAGLEVIEW TECHNOLOGY: S&P Lowers First-Lien Debt Rating to 'B'
--------------------------------------------------------------
S&P Global Ratings lowered its issue-level rating on Bothell,
Wash.-based oblique aerial imagery and 3D measurement software
solutions provider EagleView Technology Corp.'s first-lien debt to
'B' from 'B+' and revised the recovery rating to '3' from '2'. S&P
said, "The '3' recovery rating reflects our expectation for
meaningful recovery (50%-70%; rounded estimate: 55%) in the event
of payment default. EagleView plans to issue a $100 million
first-lien term loan add-on, which we expect the company will use
to repay its $100 million second-lien term loan. We also affirmed
the 'CCC+' issue-level with a '6' recovery rating on the
second-lien term loan, which we expect to withdraw when the
transaction closes. The '6' recovery rating reflects our
expectation for negligible recovery (0%-10%; rounded estimate: 0%).


"The proposed transaction does not affect our 'B' corporate credit
rating on EagleView. We view this transaction as leverage neutral.
The corporate credit rating reflects EagleView's high leverage,
small operating scale with roughly $200 million of revenue with
limited presence outside of the U.S., and exposure to a highly
weather-dependent operating environment. Partly offsetting these
risks are the company's leadership position in the narrow aerial
imagery services market, coupled with its high renewal rates and
recurring revenue base."

RECOVERY ANALYSIS

Key Analytical Factors
S&P said, "To trigger a payment default, we estimate that EBITDA
would need to decline materially such that the company's cash flow
would not cover its interest expense, debt amortization, and
maintenance capital outlays, including nondiscretionary research
and development (R&D) investments. We value the company as a going
concern to estimate recovery because we believe that following a
payment default, the company is likely to be reorganized rather
than liquidated. Its long-standing contracts, deep integration into
government-related services, and historical image database make an
attractive acquisition target.

"We apply a conservative 6x EBITDA multiple to our assumed
distressed emergence EBITDA of $37 million to arrive at a gross
enterprise value of approximately $220 million."

Simulated default assumptions

-- Simulated year of default: 2020
-- EBITDA at emergence: $37 million
-- EBITDA multiple: 6x
-- Revolving facility utilization at default: 85%

Simplified waterfall

-- Net enterprise value (after 5% administrative costs):$210
million
-- Valuation split in % (obligors/nonobligors): 100/0
-- Value available for first-lien debt claims: $210 million
(including collateral available to secured debt and unpledged value
from nonobligors)
-- Secured first-lien debt claims: $354 million
-- Recovery expectations: 50%-70% (rounded estimate: 55%)

All debt amounts include six months of prepetition interest.

RATINGS LIST

  EagleView Technology Corp.
   Corporate Credit Rating               B/Stable/--

  Issue-Level Ratings Lowered; Recovery Ratings Revised
                                       To            From
  EagleView Technology Corp.
   Senior Secured 1st Lien               B             B+
    Recovery Rating                      3(55%)        2(80%)

  Ratings Affirmed; Recovery Ratings Unchanged

  EagleView Technology Corp.
   Senior Secured 2nd Lien               CCC+             
    Recovery Rating                      6(0%)


EDWARD J. MALIK: O'Bannon to Get $95K with No Interest Over 5 Years
-------------------------------------------------------------------
Edward J. Malik, O.D., Chartered and Associates filed with the U.S.
Bankruptcy Court for the District of Nevada a second amended
disclosure statement explaining their first amended plan of
reorganization.

Class 3(b) consists of the disputed unsecured claim of O'Bannon
Development, LLC. This claim is of a lessor for damages resulting
from the termination of a lease of real property and is therefore
governed and limited by 11 U.S.C. section 502(b)(6). The Debtor
scheduled this claim in the amount of $65,400 for rent subject to
Section 502(b) allowance. Creditor O'Bannon Development, LLC filed
proof of claim 7 asserting a claim for $348,603.10, purportedly for
rent, CAMS, lease termination damages, and nontermination damages.


The Debtor and O'Bannon have settled this claim. O'Bannon initiated
prepetition litigation against the Debtor, and the Debtor, in turn,
may have possible counterclaims and business interruption claims
against O'Bannon. Based on the foregoing, Debtor believes that this
claim is substantially dissimilar to the claims of other unsecured
creditors.

The Debtor and O'Bannon have reached a settlement agreement
concerning the payment of this claim. The Debtor will pay O'Bannon
$95,000 over five years with no interest, with equal monthly
payments to commence on the first day of the month following the
Effective Date.

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

     http://bankrupt.com/misc/nvb16-16872-82.pdf

                  About Edward J. Malik O.D.

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


EMMAUS LIFE: Grants Megapharm License to Sell Endari
----------------------------------------------------
Emmaus Life Sciences, Inc., signed a distributor agreement,
effective as of Aug. 23, 2017, with Megapharm Ltd., an Israeli
Corporation, under which the Company granted Megapharm the
exclusive rights to distribute Endari (L-glutamine oral powder) in
Israel and the Palestinian Authority, or the territories.

The term of the distributor agreement is for seven years from the
product registration approval in the territories, unless earlier
terminated as provided therein, and will renew automatically for
successive one-year terms unless terminated by either party by
written notice to the other party no less than 60 days prior to the
date the term would renew.

In the distributor agreement, Megapharm agrees to use its
reasonable best efforts to actively and diligently promote the sale
of Endari in the territories and to maintain a competent and
experienced sales force to serve each of the territories.
Megapharm also agrees in the distributor agreement to purchase from
us specified annual minimum quantities of Endari during each of the
first five years of the term.

The distributor agreement contains customary representations and
warranties of the parties and customary mutual indemnification
provisions.

                      About Emmaus Life

Headquartered in Torrance, California, Emmaus Life Sciences, Inc.,
is engaged in the discovery, development, and commercialization of
treatments and therapies primarily for rare and orphan diseases.

Emmaus Life Sciences reported a net loss of $21.17 million on
$461,591 of net revenues for the year ended Dec. 31, 2016, compared
to a net loss of $13.50 million on $590,114 of net revenues for the
year ended Dec. 31, 2015.  

As of June 30, 2017, Emmaus Life had $48.42 million in total
assets, $76.17 million in total liabilities, and a total
stockholders' deficit of $27.74 million.

SingerLewak LLP, in Los Angeles, California, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2016, citing that the Company has suffered
recurring losses from operations, its total liabilities exceed its
total assets and it has an accumulated stockholders' deficit.  This
raises substantial doubt about the Company's ability to continue as
a going concern.


ENERGY CONVERSION: Credit Suisse Wins Class Action By Shareholders
------------------------------------------------------------------
Michael Phillis, writing for Bankruptcy Law360, reports that New
York federal judge Sarah Netburn ruled in favor of Credit Suisse
International in a proposed class action brought by shareholders of
Energy Conversion Devices Inc.  Law360 relates that the
shareholders alleged that the bank pushed the Debtor into
bankruptcy by manipulating the market for the Debtor's stock
through short selling.  According to Law360, Judge Netburn granted
summary judgment to Credit Suisse on all claims and threw out
expert testimony that supported bedrock allegations made by the
investors.

                    About Energy Conversion

Energy Conversion Devices -- http://energyconversiondevices.com/--
has a renowned 51 year history since its formation in Detroit,
Michigan and has been a pioneer in materials science and renewable
energy technology development.  The company has been awarded over
500 U.S. patents and international counterparts for its
achievements.  ECD's United Solar wholly owned subsidiary has been
a global leader in building-integrated and rooftop photovoltaics
for over 25 years.  The company manufactures, sells and installs
thin-film solar laminates that convert sunlight to clean, renewable
energy using proprietary technology.

ECD and affiliate United Solar Ovonic LLC sought Chapter 11
protection (Bankr. E.D. Mich. Case No. 12-43166 and 12-43167) on
Feb. 14, 2012.  Affiliate Solar Integrated Technologies, Inc.,
filed a petition for relief under Chapter 7 of the Bankruptcy Code
(Bankr. E.D. Mich. Case No. 12-43169) on the same day.

William Christopher Andrews, chief financial officer and executive
vice president, signed the petitions.

Judge Thomas J. Tucker presides over the cases.  

Aaron M. Silver, Esq., Judy B. Calton, Esq., and Robert B. Weiss,
Esq., at Honigman Miller Schwartz & Cohn LLP, in Detroit, Michigan,
serve as counsel to the Debtors.

ECD estimated assets and debt between $100 million and $500 million
as of the Petition Date.  ECD had estimated in court papers that it
was worth $986 million, based on nearly $800 million of investment
in the manufacturing unit.

An official committee of unsecured creditors has been appointed in
the Chapter 11 case.  Foley and Lardner, LLP, represents the
Committee and Scouler & Company, LLC, serves as financial advisor.

The Debtors canceled an auction to sell USO as a going concern and
discontinued the court-approved sale process after failing to
receive an acceptable qualified bid by the bid deadline.  Quarton
Partners served as the companies' investment banker.  The Debtors
also hired auction services provider Hilco Industrial to prepare
for an orderly sale of the companies' assets.

In August 2012, the Debtors won confirmation of their Second
Amended Chapter 11 Plan of Liquidation.  The Plan was declared
effective in September 2012.  Under the Plan, unsecured creditors
owed up to $337 million in claims were to expect a recovery between
50.1% and 59.3%.  The Plan creates a trust to sell remaining assets
and distribute proceeds in the order of priority
laid out in bankruptcy law.


ENERGY FUTURE: Non-EFH Debtor Intercompany Claimants to Get 0%
--------------------------------------------------------------
Energy Future Holdings Corp, Energy Future Intermediate Holding
Company LLC, and the EFH/EFIH Debtors filed with the U.S.
Bankruptcy Court for the District of Delaware a disclosure
statement dated Aug. 23, 2017, for the first amended joint plan of
reorganization.

Holders of Class A13 Non-EFH Debtor Intercompany Claims will
recover 0% under Plan.  Non-EFH Debtor Intercompany Claims will be
canceled and released without any distribution on account of
claims.  This class is impaired.  This class includes Holders of
any claim, other than the TCEH Settlement Claim, by any direct or
indirect subsidiary of EFH Corp. (other than EFH Debtor) against an
EFH Debtor, including any Claims derived from or based upon EFH
Legacy Notes held by EFIH.

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

          http://bankrupt.com/misc/deb14-10979-11806.pdf

As reported by the Troubled Company Reporter on July 19, 2017, the
Debtors filed a disclosure statement for their joint plan of
reorganization, dated July 7, 2017, stating that the all-cash
consideration for reorganized EFH is $9 billion implying an equity
value of approximately $11.25 billion for 100% of Oncor and is
subject to closing conditions, including the receipt of required
state, federal and bankruptcy court approvals.  The transaction is
currently expected to be completed in the fourth quarter of 2017.

                      About Energy Future

Energy Future Holdings Corp., formerly known as TXU Corp., is a
privately held diversified energy holding company with a portfolio
of competitive and regulated energy businesses in Texas.  Oncor, an
80 percent-owned entity within the EFH group, is the largest
regulated transmission and distribution utility in Texas.  The
Company delivers electricity to roughly three million delivery
points in and around Dallas-Fort Worth. EFH Corp. was created in
October 2007 in a $45 billion leverage buyout of Texas power
company TXU in a deal led by private-equity companies Kohlberg
Kravis Roberts & Co. and TPG Inc.

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

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

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

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

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

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

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

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

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

                          *     *     *

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

On Aug. 20, 2017, Sempra Energy (NYSE: SRE) announced an agreement
to acquire Energy Future Holdings Corp. (Energy Future), the
indirect owner of 80 percent of Oncor Electric Delivery Company,
LLC (Oncor), operator of the largest electric transmission and
distribution system in Texas.  Under the agreement, Sempra Energy
will pay approximately $9.45 billion in cash to acquire Energy
Future and its ownership in Oncor, while taking a major step
forward in resolving Energy Future's long-running bankruptcy case.
The enterprise value of the transaction is approximately $18.8
billion, including the assumption of Oncor's debt.


ERATH IRON: Files Chapter 11 Plan of Liquidation
------------------------------------------------
Erath Iron and Metal, Inc., and Erath Iron and Metal, RE LLC, on
August 24, 2017, filed with the U.S. Bankruptcy Court for the
Northern District of Texas a disclosure statement with respect to
their joint chapter 11 Plan of liquidation.

The Plan is designed to accomplish the liquidation of the remaining
assets of the Debtor's Estate and provide a mechanism for the
Distribution of the proceeds of such liquidation to beneficiaries
of the Estate. The Plan contemplates the continuing existence of
the Debtor and provides for the creation of a Liquidation Trust
consisting of a Liquidation Trustee and a Liquidation Trust
Committee. On the Effective Date of the Plan, the Debtor shall
convey all of its Assets to the Liquidation Trust. The purpose of
the Liquidation Trust is to effectuate the administration and
orderly liquidation of the Estate’s remaining Assets, including
Causes of Action. The Trust’s beneficiaries are Holders of
Allowed Claims against or Equity Interests in the Debtor.

The Plan provides that, from and after the Effective Date, the
Debtor will continue to exist as a separate corporate entity or
other business-entity form until dissolved by the Debtor, which
shall not occur without prior permission from the Bankruptcy Court
until 30 days after the Final Distribution Date. The Debtor's
actions after the Effective Date include winding up the Debtor’s
affairs; distributing proceeds of all Assets consistent with the
Plan; and filing appropriate tax returns.

Under the Plan, the Surviving Officer, Nicolle Boyd, will
administer the Plan on the Debtor's behalf in a manner consistent
with the Plan.

Class 3 under the liquidation plan consists of the general
unsecured claims of Erath Iron and Metal, Inc. Each Holder of an
Allowed Class 3 General Unsecured Claim against the Debtor and/or
the Estate shall be entitled to receive its Pro Rata share of the
net proceeds of the Assets of Erath Iron and Metal, Inc., The
Liquidating Trustee may make multiple Distributions to Holders of
Allowed Class 3 General Unsecured Claims, and shall endeavor to
make Distributions at least on an annual basis. Estimated recovery
is unknown for this class.

Class 4 consists of the general unsecured claims of Erath Iron and
Metal RE, LLC. Each Holder of an Allowed Class 4 General Unsecured
Claim against the Debtor and/or the Estate shall be entitled to
receive its Pro Rata share of the net proceeds of the Assets of
Erath Iron and Metal RE, LLC, The Liquidating Trustee may make
multiple Distributions to Holders of Allowed Class 4 General
Unsecured Claims, and shall endeavor to make Distributions at least
on an annual basis. Estimated recovery is also unknown for this
class.

Funds needed to make distributions under the Plan will come from
the Debtors' sale of their remaining assets and the Causes of
Action. The Causes of Action are comprised of preferential transfer
causes of actions and potential causes of actions against John
Bradley Boyd for fraudulent conveyances that he orchestrated during
the four years prior to the Debtors' bankruptcies.

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

     http://bankrupt.com/misc/txnb17-40693-11-291.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.


ERIK SAMUEL DE JONG: JLE Entitled to $101K in Damages
-----------------------------------------------------
Judge Paul Sala of the U.S. Bankruptcy Court for the District of
Arizona determined that JLE-04 Parker, L.L.C., is entitled to file
a prepetition claim in the amount of $579,072.51 and postpetition
claim in the amount of $437,280.59 reflecting the benefit obtained
by Debtors Erik Samuel and Daryl Lynn de Jong from trespassing on
JLE's property.

The Bankruptcy Appellate Panel determined that the Debtors' net
profits are the proper measure of JLE's recovery. In determining
the Debtors' net profits, the BAP instructed that silage usage
should be accounted as an expense. The court's prior determination
accounted for silage as an expense prior to calculating the
Debtors' net profits. Accordingly, the court's prior determination
that the Debtors' profited by trespassing on JLE's property in the
amount of $191,541.45 pre-petition and $521,644.79 post-petition,
is the correct calculation of the benefit received by the Debtors.

A full-text copy of Judge Sala's Memorandum Decision dated Sept. 5,
2017, is available at:

    http://bankrupt.com/misc/azb2-14-00886-803.pdf

The bankruptcy case is In re ERIK SAMUEL & DARYL LYNN DE JONG, Case
No. 2:14-BK-00886-PS (Bankr. D. Ariz.).
     


ETERNAL ENTERPRISE: Wants to Use Cash to Pay Outstanding Invoices
-----------------------------------------------------------------
Eternal Enterprise, Inc., seeks authorization from the U.S.
Bankruptcy Court for the District of Connecticut for its use of
operating funds and the insurance proceeds in the amount of
$129,062 to pay A.D. Property Management for outstanding invoices
for Emergency, Security and Additional Services provided to the
Debtor from June 2016 through August 2017.

The Debtor seeks to pay to A.D. Property Management the aggregate
amount of $74,386 consisting of the following amounts for the
following services incurred:

     (a) the sum of $13,224 for security services provided at 270
Laurel for the period June 1, 2017 through and including June 30,
2017, previously approved and paid for by the insurance company;

     (b) the sum of $14,268 for security services provided at 270
Laurel for the period July 1, 2017 through and including July 31,
2017, previously approved and paid for by the insurance company;

     (c) the anticipated sum of $13,572 for security services
provided at 270 Laurel for the period August 1, 2017 through August
31, 2017, previously approved and paid for by the insurance
company;

     (d) the sum of $10,150 for unpaid repairs done prior to the
fire at 270 Laurel. This expense was included in the Debtor's
proposed June 2016 budget which was approved by the Court. However,
at that time it was agreed by the parties with approval from the
Court that this expense as well as others would be carried over due
to the loss of rental income;

     (e) the sum of $3,480 for snow removal and landscaping
services provided at 270 Laurel for the period of January 1, 2017
through August 31, 2017, which was not included in the approved
budgets because it was not included in the operating expenses, and
should be reimbursed from the business interruption insurance;

     (f) the sum of $28,843 for repairs due to fire at 21
Evergreen; and

     (g) the sum of $45,525 for emergency services due to fire at
21 Evergreen.

On June 6, 2016, a fire occurred at 270 Laurel Street, Hartford,
Connecticut, which caused significant damage. Currently, the
Property is uninhabitable and there are currently no tenants living
there.

The Debtor holds an insurance policy through USI backed by Lloyd's
of London to protect the Property. The Debtor has employed Vin
Vizzo Adjusters, LLC as its private insurance adjuster for this
claim, as well as the Debtor's claim for the damages caused by a
fire on February 2, 2017 at 21 Evergreen Avenue, Hartford,
Connecticut.

The Debtor asserts that the properties are subject to a consensual
lien as the result of a mortgage on the Property, initially held by
Astoria Federal Mortgage Corp., and currently held by Hartford
Holdings, LLC.

The Debtor submits that the requested expenses have been negotiated
and approved through the insurance company. The Debtor also submits
that there are no grounds to dispute this invoices and that
Hartford Holdings, Inc. should have no objections as these expenses
are necessary to maintain the properties and are covered under the
claims paid and to be paid by the insurance.

A full-text copy of the Debtor's Motion, dated August 24, 2017, is
available at https://is.gd/3hfIC7


                   About Eternal Enterprise

Eternal Enterprises Inc. -- http://www.eternalenterprises.net/--
was initially started in 1997 for the purpose of managing and
owning low income apartment buildings in Hartford, Connecticut.
Since its inception, Eternal has been a family business primarily
operated by spouses, Vera Mladen and Dusan Mladen, and their son,
Goran Mladen.

Eternal Enterprises, which owns and manages eight properties
located in Hartford, Connecticut, filed a Chapter 11 bankruptcy
petition (Bankr. D. Conn. Case No. 14-20292) on Feb. 19, 2014. Vera
Mladen, president, signed the petition.

Judge Ann M. Nevins presides over the case.  

Irene Costello, Esq., at Shipkevich, PLLC, serves as counsel to the
Debtor, while Greene Law, PC, acts as special counsel.  Lakeshore
Realty has been tapped as broker to the Debtor.  

The Debtor estimated assets at $50,000 to $100,000 and debt at $1
million to $10 million at the time of the Chapter 11 filing.

                          *     *     *

On Feb. 8, 2017, the Debtor filed a disclosure statement, which
explains its Chapter 11 plan of reorganization.  The Plan proposes
to pay general unsecured creditors in full in cash.


FELCOR LODGING: Moody's Hikes CFR & Senior Unsecured Rating to B1
-----------------------------------------------------------------
Moody's Investors Service upgraded all ratings of FelCor Lodging
Limited Partnership, including its corporate family and senior
unsecured ratings to B1 from B2. The outlook is stable. This rating
action follows the closing of the merger of FelCor into RLJ Lodging
Trust ("RLJ"), an unrated entity, on August 31, 2017. FelCor
survives as a wholly-owned indirect subsidiary of RLJ, all
outstanding debt instruments continue to be held at the subsidiary
level.

The following ratings were upgraded:

FelCor Lodging Limited Partnership -- corporate family rating to B1
from B2; senior secured regular bond/debenture to Ba3 from B1;
senior unsecured regular bond/debenture to B1 from B2.

The following ratings were withdrawn:

FelCor Lodging Trust Incorporated -- corporate family rating at B2;
preferred stock at Caa1.

RATINGS RATIONALE

The rating upgrade reflects FelCor's improved credit and operating
profile following the merger. Post merger Felcor's standalone
credit metrics are expected to be stronger with effective leverage,
operating leverage, fixed charge and an unencumbered assets at
levels commensurate with a B1 senior unsecured debt rating. FelCor
will also be now part of a meaningfully larger enterprise, leading
it to realize greater economies of scale, which will drive
operating cost benefits and lower its cost of capital. Moody's
highlights that the merger of FelCor to RLJ creates a combined
portfolio that includes 158 hotels in 26 states and the District of
Columbia, diversified across Marriott, Hilton, Hyatt and Wyndham
flags.

Moody's stated that future upward rating pressure on FelCor's
ratings would be predicated on the entity's operating results,
including a sound capital structure and modest overall leverage. A
maintenance of Net Debt/EBITDA below 5.0x and fixed charge coverage
approaching 3.5x as well as an improvement in liquidity position
with a large unencumbered asset pool would also be a key component
to a ratings upgrade.

A rating downgrade would likely reflect a shift in capital
structure resulting in Net Debt/EBITDA above 6.0x and fixed charge
coverage falling below 2.0x on a consistent basis. Downward ratings
pressure would also emerge from a reduction of unencumbered assets
at the standalone FelCor subsidiary.

Moody's last rating action with respect to FelCor was on April 25,
2017 when Moody's affirmed FelCor's B2 senior unsecured and
corporate family ratings following the merger announcement with RLJ
Lodging Trust. Concurrently, FelCor's rating outlook was revised to
positive from stable.

FelCor Lodging Limited Partnership is a real estate investment
trust headquartered in Irving, TX. It is a wholly-owned indirect
subsidiary of RLJ Lodging Trust [NYSE: RLJ]. FelCor owns interests
in 37 properties located in major and resort markets throughout the
U.S. FelCor partners with leading hotel companies to operate its
hotels, which are flagged under well-known brands and premier
independent hotels. At June 30, 2017, FelCor reported total assets
of $1.7B and total equity of $169M.

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


FINJAN HOLDINGS: Launches Mobile Browser for Apple and Android
--------------------------------------------------------------
Finjan Holdings, Inc., announced that its subsidiary Finjan Mobile,
Inc., has released VitalSecurity Gen 4.0 Secure Mobile Browser
(VitalSecurityVPNTM).  Designed for ease of use, VitalSecurityVPN
is the first fully functional browser with an integrated VPN for
use on Apple and Android platforms, as well as a unique combination
of cutting-edge security and privacy features including alerts
about suspicious or dangerous web pages, ability to opt out of
tracking data, and biometric access.

"Information from online service providers has historically been
hard to come by and consumers are often unaware of the sacrifices
to personal data and security when simply searching the internet
from their mobile devices.  VitalSecurityVPN is a culmination of
two years of internal R&D, the integration of Finjan's
enterprise-grade technology and listening to our customers'
feedback.  We are proud of our end-product," said Phil Hartstein,
Finjan Holdings' president and CEO.  "With VitalSecurityVPN, users
not only have the most reliable internet connection available, but
also a host of browser privacy and security tools that puts
transparency and control back into their hands."

In conjunction with this launch, a leading U.S. mobile service
provider will be preloading VitalSecurityVPN onto select Android
devices.

The browser's privacy and security features, made possible through
Finjan's patented, enterprise-grade technology, enable full
transparency of the browsing experience while guarding a user's
privacy without collecting any personal data.  Key features
include:

  * Integrated VPN will allow users to connect to virtual
    locations worldwide

  * Traffic is encrypted and users' location is masked from other
    apps and websites

  * Passcode and opt-in biometric Touch ID security

  * Complete browser functionality including tabs, history, and
    bookmarks

   * Tracker detection and blocking allow users to effortlessly
     identify and turn off unwanted trackers on any web page in
     four categories (Advertising, Analytics, Content, and Social)

   * Virus scanning and security reporting that alerts users to
     the safety level of every web page visited in three
     categories (Safe, Suspicious, Danger)

The App is available for download on the IOS and Android platforms
in the iTunes and Google Play stores and the VPN can be downloaded
for Mac and Windows on FinjanMobile.com.  The VPN is free for use
of up to 1GB of VPN data per month.

                         About Finjan

Established nearly 20 years ago, Finjan -- http://www.finjan.com/
-- is a cybersecurity company.  Finjan's inventions are embedded
within a strong portfolio of patents focusing on software and
hardware technologies capable of proactively detecting previously
unknown and emerging threats on a real-time, behavior-based basis.
Finjan continues to grow through investments in innovation,
strategic acquisitions, and partnerships promoting economic
advancement and job creation.

Finjan reported a net loss attributable to common stockholders of
$6.43 million for the year ended Dec. 31, 2016, a net loss
attributable to common stockholders of $12.60 million for the year
ended Dec. 31, 2015, and a net loss of $10.47 million for the year
ended Dec. 31, 2014.  As of June 30, 2017, Finjan had $43.42
million in total assets, $7.64 million in total liabilities, $18
million in Series A-1 preferred stock and $17.77 million in total
stockholders' equity.


FLORIDA ORGANIC: Retains Equity Partners to Seek Buyer for Assets
-----------------------------------------------------------------
By order of the US Bankruptcy Court for the Southern District of
Florida, Case Nos. 17-21251-EPK & 17-15012-EPK, Equity Partners HG
will conduct the auction of Florida Organic Aquaculture LLC ("The
Company"), along with the assets of Sustainable Aquaculture
Initiative, LLC, on October 3, 2017.  The Company had retained
Equity Partners HG to seek a buyer for the state-of-the-art,
technology-driven shrimp farming operation.  Located on 100 acres
in Southern Florida, the Company breeds, processes and sells
all-natural shrimp for the US domestic market in a scientifically
advanced, indoor and bio-secure aquaculture facility.

Florida Organic Aquaculture has focused their research on
alternative shrimp dietary approaches and developing successful
cultivation processing techniques.  A water treatment methodology
and emergency back-up devices maintain perfect growing conditions
year-round.  The Company's technological advantages have eliminated
the limitations faced by competitors allowing production yields of
approximately 20 times more shrimp than traditional pen and pond
farms.  These production methods enable faster grow out, making it
practical to sell shrimp that command up to twice the price of
commodity sizes.  Finished products are currently sold directly to
a tier one grocery chain, seafood wholesalers and several prominent
seafood restaurants.    

Future opportunities include franchising out the Company's
technology and know-how, to become the leader in the shrimp farming
market.  To date the company has had inquiries to create sister
projects in California, Hawaii, and Wyoming, as well as from
Europe, China, and the Middle East.  The Company is also developing
a value add component to leverage their shrimp and create
additional revenue.

Hank Waida, a Managing Director at Equity Partners HG, says that
"This is an excellent opportunity to invest in or purchase a
state-of-the-art shrimp farming operation with infrastructure in
place to quickly expand as needed."

The bid deadline for all firm bids and deposits is September 29,
2016 to Hank Waida at Equity Partners HG.  The bid deadline to be
considered as the "Stalking Horse" bid is September 15, 2017.

Equity Partners HG, formerly "Heritage Equity Partners", based in
Easton, MD, provides investment banking services and has completed
in excess of 400 engagements throughout the United States since
1988.

               About Florida Organic Aquaculture

Based in Jupiter, Florida, Florida Organic Aquaculture, LLC, is
engaged in shrimp cultivation using energy-efficient and
sustainable aquaculture techniques. Florida Organic Aquaculture
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
S.D. Fla. Case No. 17-15012) on April 24, 2017.  The petition was
signed by Clifford Morris, managing member.  At the time of the
filing, the Debtor estimated its assets and debts at $10 million to
$50 million.

The case is assigned to Judge Erik P. Kimball.  Malinda L. Hayes,
Esq., at Markarian Frank & Hayes serves as the Debtor's bankruptcy
counsel.

On July 21, 2017, the Debtor filed a disclosure statement, which
explains its proposed Chapter 11 plan of reorganization.


FLOWORKS INT'L: Moody's Lowers CFR to Ca; Outlook Stable
--------------------------------------------------------
Moody's Investors Service has downgraded Floworks International
LLC's corporate family rating to Ca from Caa3 and its probability
of default rating to Ca-PD/LD from Caa3-PD. The ratings downgrades
reflect the company's very weak operating results and credit
metrics and the completion of the exchange of its senior secured
notes. The ratings outlook is stable.

Downgrades:

Issuer: Floworks International LLC.

-- Probability of Default Rating, Downgraded to Ca-PD /LD (/LD
    appended) from Caa3-PD

-- Corporate Family Rating, Downgraded to Ca from Caa3

Outlook Actions:

-- Outlook, Changed To Stable From Negative

RATINGS RATIONALE

The LD designation reflects Moody's view that the recent note
exchange constitutes a distressed exchange under Moody's definition
of default. Moody's definition of default is intended to capture
events whereby issuers fail to meet debt service obligations
outlined in their original debt agreements. Moody's will remove the
LD designation from the probability of default rating in one
business day. At that time, Moody's will withdraw Floworks ratings
since the senior secured notes were its only rated debt and all of
the notes have been exchanged for equity and a new term loan at a
substantial discount to the face value of the notes. The rating on
the notes has been withdrawn.

Floworks' Ca corporate family rating reflects its small size, very
weak credit metrics, negative LTM EBITDA generation, reliance on
the cyclical downstream energy sector, and the highly competitive
dynamics that is typical of the pipe, valve and fittings (PVF)
distribution sector. The ratings are supported by the company's
exposure to MRO activity, long-term relationships with large and
well-established customers as well as the countercyclical working
capital needs and limited capital expenditure requirements of the
distribution business model.

Floworks LLC, headquartered in Houston, Texas, is a distributor and
supplier of pipe, valves, fittings (PVF) and related products to
the energy and industrial sectors. The company operates in two
segments: Valves and Automation (60% of LTM revenues) is a
distributor of manual and automated valve products and accessories
for the petrochemical, refining, upstream and midstream oil & gas,
power generation, mining, marine and other industrial end-markets;
Pipe, Fitting, Flanges (PFF) (40% of LTM revenues) is a distributor
of pipe, fittings, flanges and other products primarily for the
petrochemical, refining, mining and power generation industries.
The company operates out of approximately 40 branch locations
throughout the United States, Canada, Saudi Arabia and China.

The principal methodology used in these ratings was Distribution &
Supply Chain Services Industry published in December 2015.


FRIENDSHIP VILLAGE: Sept. 20 Hearing on Disclosures Approval
------------------------------------------------------------
Judge LaShonda A. Hunt of the U.S. Bankruptcy Court for the
Northern District of Illinois will convene a hearing on Sept. 20,
2017, to consider approval of Friendship Village of Mill Creek,
NFPs amended disclosure statement in support of its joint plan of
reorganization dated August 31, 2017.

Sept. 18, 2017, is fixed as the last day for filing and serving
written objections to the disclosure statement.

Class 4 under the plan consists of all nonpriority unsecured claims
against the Debtor. Each holder of an Allowed Unsecured Nonpriority
Claim will receive payment in Cash of their pro rata share of the
Unencumbered Assets on the latest of the third Business Day after
the Effective Date or as soon as practicable thereafter as
determined by the Disbursing Agent, the date such Allowed Unsecured
Nonpriority Claim becomes due and payable in the ordinary course of
business, and as otherwise agreed to by the Debtor and the holder
of such Claim, and the Date such Claim is Allowed. The Debtor
reserves its rights, however, to dispute the validity of any
Unsecured Nonpriority Claim, whether or not objected to prior to
the Effective Date. Notwithstanding the foregoing, no distributions
shall be made in respect of any intercompany Claims, including but
not limited to the FSO Claims. The Debtor estimates that the
Allowed Class 4 Claims will be approximately $656,000 on the
Effective Date. This class is impaired.

All Cash consideration necessary for the Reorganized Debtor to make
payments or distributions pursuant hereto shall be obtained from
(a) Cash on hand of the Debtor or Reorganized Debtor as
appropriate, including Cash derived from business operations; (b)
proceeds of the Series 2017A and Series 2017B Bonds; (c) proceeds
from the FSO Equity Contribution; (d) proceeds from the
Unencumbered Property; and (e) proceeds of Escrowed Entrance Fees.

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

     http://bankrupt.com/misc/ilnb17-12470-144.pdf

           About Friendship Village of Mill Creek

Friendship Village of Mill Creek, NFP, doing business as
GreenFields of Geneva, owns and operates a continuing care
retirement community located in Geneva, Illinois, known as
GreenFields of Geneva ("Campus").  The Campus is improved with a
building which includes (i) 147 independent living units, (ii) 51
assisted living units, (iii) 26 memory support-assisted living
units, (iv) 43 nursing beds, and (v) related common areas and
parking.  Approximately 270 senior citizens reside at the Campus.

Friendship Village of Mill Creek sought Chapter 11 protection
(Bankr. N.D. Ill. Case No. 17-12470) on April 20, 2017.

                          *     *     *

GreenFields of Geneva has filed a motion to sell substantially all
assets to Friendship Senior Options ("FSO") for $52,800,000,
subject to overbid.  In connection with the sale process, the
Debtor proposed a July 19, 2017 deadline for bids and an auction on
July 26.

Stahl Cowen Crowley Addis, LLC, is serving as counsel to the
Debtor, with the engagement led by Bruce Dopke, Esq., Kevin V.
Hunt, Esq., and Melissa J. Lettiere, Esq., in Chicago, Illinois.


FUEL PERFORMANCE: Inks Exclusive License Pact with FPS Ltd
----------------------------------------------------------
Fuel Performance Solutions, Inc., entered into a definitive
agreement with FPS Ltd providing FPS Ltd with an exclusive,
evergreen license to market and sell the Company's products and
technologies, both existing and to be developed, in selected
markets and industries around the world including but not limited
to: DiesoLiFTTM use for the rail industry worldwide; DiesoLiFTTM
use for commercial and public service vehicle and retail markets in
the U.K., the Republic of Ireland, Australia, South Africa and the
Middle East; and GasoLiFTTM use for all industry sectors in the
United Kingdom and the Republic of Ireland.

FPS Ltd, a private U.K.-domiciled entity, is currently 100% owned
by the Company.  Subsequent to the Record Date and the dividend
distribution, FPS Ltd will be 100% owned Company shareholders and
the new capital investors in FPS Ltd.

It is the intention of FPS Ltd to execute an IPO on the U.K. AIM
market in 12-18 months.

Company shareholders of record at the close of business on Sept.
30, 2017, will receive a dividend from the Company in the form of
one share of FPS Ltd common stock for every one share of Company
common stock, or common stock equivalent, owned by Company
shareholders.

                    About Fuel Performance

Fuel Performance Solutions, Inc., was incorporated in Nevada on
April 9, 1996, by a team of individuals who sought to address the
challenges of reducing harmful emissions while at the same time
improving the operating performance of internal combustion engines,
especially with respect to fuel economy and engine cleanliness.
After the Company's incorporation, its initial focus was product
research and development, but over the past few years, the
Company's efforts have been directed to commercializing its product
slate, primarily DiesoLiFTTM and the PerfoLiFTTM BD-Series, for use
with diesel fuel and bio-diesel fuel blends, by focusing on
marketing, sales and distribution efforts in conjunction with the
Company's distribution partners.  On Feb. 5, 2014, the Company
changed its name from International Fuel Technology, Inc., to Fuel
Performance Solutions, Inc.

Fuel Performance reported a net loss of $1.92 million on $456,000
of net revenues for the year ended Dec. 31, 2015, compared to a net
loss of $1.65 million on $1.72 million of net revenues for the year
ended Dec. 31, 2014.  

As of June 30, 2016, the Company had $2.26 million in total assets,
$4.42 million in total liabilities and a total stockholders'
deficit of $2.16 million.

In its audit report dated June 30, 2016, the Company's independent
registered public accounting firm expressed substantial doubt about
the Company's ability to continue as a going concern. MaloneBailey,
LLP, in Houston, Texas, issued a "going concern" qualification on
the consolidated financial statements for the year ended Dec. 31,
2015, citing that the Company has suffered recurring loss from
operations and has a working capital deficit.  This factor raises
substantial doubt about the Company's ability to continue as a
going concern.


GLOBAL EMPOWERMENT: U.S. Trustee Unable to Appoint Committee
------------------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of Global Empowerment Ministries,
Inc., as of Sept. 7, according to a court docket.

               About Global Empowerment Center

Based in Decatur, Georgia, The Global Empowerment Center, Inc.,
formerly doing business as Victory House Evangelistic Temple, is a
Georgia non-profit corporation who operates a church out of its
real property.

Global Empowerment Center sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Ga. Case No. 17-63234) on July 31,
2017.  The Debtor is represented by Leslie M. Pineyro, Esq., at
Jones & Walden, LLC, as counsel.


GOD'S HOUSE OF REFUGE: Seeks 5-Month Plan Exclusivity Extension
---------------------------------------------------------------
God's House of Refuge Christian Center, Inc. asks the U.S.
Bankruptcy Court for the Middle District of Florida for a 150-day
extension of the time within which it has the exclusive right to
file a Chapter 11 Plan and to obtain confirmation of such plan.

The Debtor tells the Court that it is currently seeking refinancing
and exploring other restructuring options that would require
additional time to pursue.

                   About God's House of Refuge
                      Christian Center Inc.

God's House of Refuge Christian Center, Inc., operates a church and
office center in Cocoa, Florida.  God's House of Refuge Christian
Center sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. M.D. Fla. Case No. 17-03291) on May 19, 2017.  Byron Jones,
president, signed the petition.  At the time of the filing, the
Debtor estimated its assets and debt at $1 million to $10 million.
The Debtor hired Raymond J. Rotella, Esq., at Kosto & Rotella P.A.,
as its legal counsel in connection with its Chapter 11 case.

An official committee of unsecured creditors has not been appointed
in the Chapter 11 case,  according to a June 26 court docket entry.


GOLDEN NUGGET: Moody's Assigns B2 Corporate Family Rating
---------------------------------------------------------
Moody's Investors Service assigned Golden Nugget, Inc. (New)("GNI")
a B2 Corporate Family Rating (CFR) and B2-PD (PDR). Moody's also
assigned a Ba3 rating to GNI's proposed senior secured term loan, a
B3 to the proposed senior unsecured notes and a Caa1 to the
proposed senior subordinated notes. The rating outlook is
negative.

GNI recently announced that it plans to reorganize its business and
recapitalize its balance sheet. This encompasses GNI assuming all
of the assets and operations of Landry's, including approximately
$1.9 billion of debt as well as the inclusion of Golden Nugget
Atlantic City and Golden Nugget Biloxi into the credit group. As
part of the recapitalization, GNI will also issue approximately
$2.5 billion of new debt with proceeds used to repay about $800
million of Golden Nugget, Inc. (Golden Nugget) debt currently
outstanding, pay a $1.6 billion dividend to ownership, $44 million
of accrued interest and $60 million of fees and expenses.

The change in outlook to negative reflects the increase in leverage
(to approximately 7.2x) as a result of these transactions. The
outlook also reflects the various challenges that could limit the
company's ability to reduce leverage towards 6.0 times by the end
of 2018.

Moody's ratings and outlook are subject to receipt and final review
of documentation. Upon successful assumption of Landry's existing
debt by GNI, its senior secured bank debt will be rated Ba3 and the
senior unsecured notes will be rated B3. Moody's anticipates that
all of the corporate and instrument ratings at Golden Nugget
(predecessor) and Landry's will be withdrawn upon the completion of
the proposed transactions and repayment of existing debt.

Assignments:

Issuer: Golden Nugget, Inc. (NEW)

-- Probability of Default Rating, Assigned B2-PD

-- Corporate Family Rating, Assigned B2

-- Senior Subordinated Regular Bond/Debenture, Assigned
    Caa1(LGD6)

-- Senior Secured Bank Credit Facility, Assigned Ba3(LGD2)

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

Outlook Actions:

Issuer: Golden Nugget, Inc. (NEW)

-- Outlook, Assigned Negative

RATINGS RATIONALE

The B2 Corporate Family Rating reflects the company's material
scale, brand value of its various restaurant and gaming properties,
good geographic diversification and good liquidity. The ratings
also reflect GNI's high leverage, a history of debt financed
transactions, and a high level of promotions and discounts from
competitors that will continue to pressure earnings. However,
Moody's expects GNI's leverage to gradually improve with moderate
earnings growth and management's focus on debt reduction over and
above required amortization.

The negative outlook reflects the company's high pro forma leverage
and various operating challenges that could limit the company's
ability to reduce leverage to a more appropriate level for the
ratings within a reasonable time frame. However, despite an
expectation that operating profit will improve, restaurant
operations will continue to be hampered by higher operating costs
and a more value focused consumer while gaming operations,
particularly GN Lake Charles could see lower guest traffic from
important feeder markets such as southeast Texas. As a result,
Moody's believes the company will have to rely more heavily on
reducing debt over and above required amortization to improve
leverage rather than a material increase in earnings

Given GNI's high initial leverage any positive ratings improvement
is unlikely over the near term. However, factors that could result
in an upgrade include a stable operating environment in Nevada and
Lake Charles, Louisiana, and profitable same store sales growth at
its restaurants. Specifically, an upgrade would require debt to
EBITDA around 5.0 times and EBITA to interest of around 2.0 times
on a sustained basis. A higher rating would also require good
liquidity. Whereas, an inability to strengthen debt to EBITDA
towards 6.0 times over the next twelve to eighteen months or a
deterioration in liquidity for any reason, could result in a
downgrade. Moreover, an inability to successfully receive
regulatory approval from the various gaming authorities needed to
execute the reorganization and recapitalization within the time
period required could also result in a downgrade.

The Ba3 rating on the senior secured revolver and term loan
reflects the facilities' first lien position in the capital
structure as well as the support received from a significant amount
of liabilities that are ranked junior to these facilities,
particularly the senior unsecured notes and senior subordinated
notes. The B3 rating on the company's senior unsecured notes
reflects the effective subordination to the significant size of the
senior secured debt as well as benefit provided the amount of
liabilities that are junior to the unsecured notes, specifically
the subordinated notes. The Caa1 rating on the senior subordinated
notes reflect their junior position in the capital structure and
the lack of any material liabilities that rank junior to these
notes.

Golden Nugget, Inc. (NEW) owns and operates the Golden Nugget
hotel, casino, and entertainment resorts in downtown Las Vegas and
Laughlin, Nevada and the Lake Charles property in Louisiana. The
company also owns and operates mostly casual dining restaurants
under the trade names Landry's Seafood House, ChartHouse, Saltgrass
Steak House, Rainforest Café, Bubba Gump, McCormick & Schmicks,
Claim Jumper, Morton's Restaurants, Inc, and Mastro's. The company
is wholly owned indirectly by Fertitta Entertainment, Inc. which is
wholly owned by Tilman J. Fertitta.

The principal methodology used in these ratings was Restaurant
Industry published in September 2015.


GREAT ELECTRIC: Taps Rhonda Allen as Legal Counsel
--------------------------------------------------
Great Electric Inc. seeks approval from the U.S. Bankruptcy Court
for the Southern District of Texas to hire legal counsel.

The company proposes to employ Rhonda Lynn Allen, Esq., to give
legal advice regarding its duties under the Bankruptcy Code and
provide other legal services related to its Chapter 11 case.

Ms. Allen, wife of Nathan McDaniel who is a director of the
company, has agreed to handle the case at no charge.

In a court filing, Ms. Allen disclosed that she does not hold any
interest adverse to the estate, its creditors and equity security
holders.

Ms. Allen maintains an office at:

     Rhonda Lynn Allen, Esq.
     11322 Crayford Court
     Houston, TX 77065
     Phone: (281) 798-0927
     Email: rallen1204@gmail.com

                    About Great Electric Inc.

Great Electric Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Tex. Case No. 17-34958) on August 16,
2017.  Judge Jeff Bohm presides over the case.


GRIFFON CORP: S&P Puts BB- CCR on Watch Neg Amid ClosetMaid Deal
----------------------------------------------------------------
S&P Global Ratings placed its ratings on New York City-based
Griffon Corp., including the 'BB-' corporate credit rating, on
CreditWatch with negative implications.

The CreditWatch placement follows Griffon Corp.'s announcement on
Sept. 5, 2017, that it has entered into a definitive agreement to
acquire ClosetMaid Corp., and that it is considering strategic
alternatives for Clopay Plastic Products Co. S&P said, "At this
point, we do not have complete information on Griffon's proposed
transactions and pro forma capital structure, but we believe that
the ClosetMaid acquisition will likely increase leverage."

S&P Global Ratings will assess Griffon's prospects for reducing
debt leverage below 5x despite the increased debt burden from the
acquisition. S&P will take into account the incremental EBITDA from
ClosetMaid, as well as the company's priorities related to reducing
leverage and increasing shareholder returns.

The CreditWatch listing indicates that the credit is under review
and that there is an increased risk of a downgrade. S&P said, "We
will resolve our CreditWatch once our analysis is complete, at
which time we will lower or affirm the ratings."


HAGHIGHI FAMILY: Hires Gunn Chamberlain as Accountant
-----------------------------------------------------
Haghighi Family and Sports Medicine, P.A., seeks authority from the
U.S. Bankruptcy Court for the District of Florida to employ Gunn
Chamberlain, P.L., as accountant to the Debtor.

Haghighi Family requires Gunn Chamberlain to:

   a. assist the Debtor in completing unfiled tax returns; and

   b. help prepare the Debtor's monthly operating reports and any
      other financial document required by the Court or U.S.
      Trustee's Office.

Gunn Chamberlain will be paid at the hourly rate of $250.  The firm
will also be reimbursed for reasonable out-of-pocket expenses
incurred.

Sonny F. Martin, a senior partner of Gunn Chamberlain, P.L.,
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.

Gunn Chamberlain can be reached at:

     Sonny F. Martin
     GUNN CHAMBERLAIN, P.L.
     4350 Pablo Professional Court
     Jacksonville, FL 32224
     Tel: (904) 296-2024

                   About Haghighi Family and
                      Sports Medicine, P.A.

Haghighi Family and Sports Medicine, P.A.'s business operations
involve owning and operating a medical practice with two locations
in northeast Florida.  Haghighi Family and Sports Medicine filed
for Chapter 11 bankruptcy protection (Bankr. M.D. Fla. Case No.
17-03033) on Aug. 18, 2017. Jason A. Burgess, Esq., serves as
counsel to the Debtor.


HARLAND CLARKE: $100MM Loan Add On No Impact on Moody's B2 CFR
--------------------------------------------------------------
Moody's Investors Service says Harland Clarke Holdings Corp.'s $100
million add on to its term loan B-6 will not change the B2
corporate family rating (CFR) or the B1 rating on the upsized
$1.362 billion term loan B-6. All other ratings as well as the
stable outlook remain unchanged. The $100 million add on to the
term loan B-6 is expected to be fungible with the existing term
loan B-6 and will be used to help fund the acquisition of public
company, MaxPoint Interactive, Inc., for $109 million (including
the refinance of outstanding debt). Approximately $12 million of
cash from the balance sheet is also expected to be used to help
fund the acquisition and pay transaction related expenses.

Harland Clarke Holdings Corp., headquartered in San Antonio, TX, is
a provider of check and check related products, direct marketing
services and customized business and home office products to
financial services, retail and software providers as well as
consumers and small businesses, and through its Scantron division,
data collection, testing products, scanning equipment and tracking
services to educational, commercial, healthcare and government
entities. Its Valassis division offers clients mass delivered and
targeted programs to reach consumers primarily consisting of shared
mail, newspaper and digital delivery in addition to coupon clearing
and other marketing and analytical services. M&F Worldwide Corp.
("M&F") acquired check and related product provider Clarke American
Corp. in December 2005 for $800 million and subsequently acquired
the John H. Harland Company in May 2007 for $1.4 billion. M&F
merged the two companies to form Harland Clarke. M&F's remaining
publicly traded shares were acquired by portfolio company,
MacAndrews & Forbes Holdings, Inc. ("MacAndrews") on December 21,
2011. MacAndrews is wholly owned by Ronald O. Perelman. Harland
Clarke acquired Valassis Communications, Inc. ("Valassis") on
February 4, 2014 and RetailMeNot, Inc. on May 23, 2017. Reported
revenue for the last twelve months ending Q2 2017 was $3.5 billion.


HIGH PLAINS COMPUTING: U.S. Trustee Forms 2-Member Committee
------------------------------------------------------------
Patrick S. Layng, U.S. Trustee for the District of Colorado, on
Sept. 7 appointed two creditors to serve on the official committee
of unsecured creditors in the Chapter 11 case of High Plains
Computing, Inc.

The committee members are:

     (1) Silicon Mechanics, Inc.
         Attn: Eva Cherry
         c/o Michael Feinberg
         Karr Tuttle Campbell
         701 Fifth Avenue, Suite 3300
         Seattle, WA 98104
         Tel: (206)224-8095
              (206)682-7100
         E-mail: MFeinberg@karrtuttle.com

     (2) AvePoint Public Sector, Inc.
         Attn: Richard C. Maxwell
         c/o Richard C. Maxwell
         Woods Rogers PLC
         10 S. Jefferson Street, Suite 1400
         Roanoke, VA 24011
         Tel: (540) 983-7628
         Fax: (540) 983-7711
         E-mail: rmaxwell@woodsrogers.com

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

                   About High Plains Computing

High Plains Computing, Inc., dba HPC Solutions --
http://www.hpc-solutions.net/-- offers a broad portfolio of
services and solutions in Information Technology (IT), Unified
Communications, and Professional Services for the government and
healthcare industries. The Company works with manufacturers of IT
software, cloud computing, collaboration, storage, and integration.
It also offers a wide array of professional services to include IT
support and developmental services, data management services,
network engineering, technical subject matter experts,
administrative services, engineering, and more.

High Plains Computing, Inc., based in Denver, CO, filed a Chapter
11 petition (Bankr. D. Colo. Case No. 17-14819) on May 23, 2017.
The Hon. Joseph G. Rosania Jr. presides over the case.  Lee M.
Kutner, Esq., at Kutner Brinen, P.C., 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 Roger Cree, CEO.


HOOPER HOLMES: Incurs $5.27 Million Net Loss in Second Quarter
--------------------------------------------------------------
Hooper Holmes, Inc. filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q for the period ended
June 30, 2017.  Because the Company's merger with Provant Health
Solutions closed on May 11, 2017, these results include Provant
from that date through June 30, 2017.

Hooper Holmes reported a net loss of $5.27 million on $8.88 million
of revenues for the three months ended June 30, 2017, compared to a
net loss of $2.45 million on $7.64 million of revenues for the
three months ended June 30, 2016.

For the six months ended June 30, 2017, the Company reported a net
loss of $8.40 million on $16.48 million of revenues compared to a
net loss of $5.88 million on $14.88 million of revenues for the six
months ended June 30, 2016.

As of June 30, 2017, Hooper Holmes had $31.89 million in total
assets, $31.91 million in total liabilities and a total
stockholders' deficit of $25,000.

"Since the Hooper Holmes and Provant merger closed we have
implemented over $5.1 million in annualized synergy savings, won
new business to bring our 2017 annualized new sales to $11.9
million and increased our access to capital.  We are
well-positioned for an exceptionally strong busy season, in
particular, the fourth quarter," commented Henry Dubois, chief
executive officer of Hooper Holmes.  "Today we are reaffirming our
2017 guidance.  For the last three quarters of 2017 we expect to
achieve over $54 million in revenue and over $3 million in adjusted
EBITDA.  We are on track to achieve $7 million in annualized
synergy savings, and we project over $5 million in adjusted EBITDA
for the full year 2018."

The second quarter financial results this year include many
one-time expenses related to the merger, integration costs and
refinancing activities, and only reflect Provant's financial
results from May 11, 2017 through June 30, 2017.  The complexity of
the transaction makes variance analysis challenging to summarize
briefly.

Hooper Holmes' revenues totaled $8.9 million for the second quarter
of 2017, an increase of 16 percent compared to the second quarter
of 2016.  Pro-forma revenues for the second quarter 2017 for the
merged company, as if the merger had occurred on April 1, 2017,
were $10.9 million.  Adjusted EBITDA for the second quarter 2017
was a loss of $2.2 million, compared to a loss of $1.1 million in
the second quarter 2016.  The increased loss was primarily due to
the combination of the operations of the two companies prior to
realizing savings from synergies.

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

                       https://is.gd/FNN7qq

                       About Hooper Holmes

Hooper Holmes, Inc. -- http://www.hooperholmes.com/-- provides
health risk assessment services and wellness as well as health
improvement services with its acquisition of Accountable Health
Solutions, Inc. (AHS).  The Olathe, Kansas-based Company provides
these services to individuals as part of health and wellness
programs offered through corporate and government employers, and to
clinical research organizations.

Hooper Holmes reported a net loss of $10.32 million on $34.27
million of revenues for the year ended Dec. 31, 2016, compared to a
net loss of $10.87 million on $32.11 million of revenues for the
year ended Dec. 31, 2015.

Mayer Hoffman McCann P.C., in Kansas City, Missouri, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2016, citing that the
Company has suffered recurring losses from operations, negative
cash flows from operations and other related liquidity concerns,
which raises substantial doubt about the Company's ability to
continue as a going concern.


HOUSTON AMERICAN: Incurs $466,000 Net Loss in Second Quarter
------------------------------------------------------------
Houton American Energy Corp. filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $466,274 on $46,275 of oil and gas revenue for the three months
ended June 30, 2017, compared to a net loss of $490,406 on $33,887
of oil and gas revenue for the three months ended June 30, 2016.

For the six months ended June 30, 2017, Houston Energy reported a
net loss of $968,673 on $103,908 of oil and gas revenue, compared
to a net loss of $829,857 on $82,147 of oil and gas revenue for the
six months ended June 30, 2016.

As of June 30, 2017, Houston Energy had $4.86 million in total
assets, $616,366 in total liabilities and $4.24 million in total
shareholders' equity.

At June 30, 2017, the Company had a cash balance of $229,778 and a
working capital deficit of $324,778, compared to a cash balance of
$481,172 and working capital of $423,795 at Dec. 31, 2016.  The
change in working capital during the period was primarily
attributable to investments in acquiring and commencement of
drilling on the Reeves County acreage, borrowing pursuant to the
Bridge Loan Notes and the operating loss for the first six months
of 2017, partially offset by equity capital raising efforts.

Operating activities used cash of $743,594 during the six months
ended June 30, 2017, compared to $713,669 used during the six
months ended June 30, 2016.  The change in operating cash flow was
primarily attributable to an increase in the Company's net loss,
reflecting increased compensation and legal, professional and other
costs associated with increased investor visibility activities and
regulatory matters, partially offset by the accrual of deferred
salary and additional non-cash charges during 2017.

Investing activities used cash of $2,170,118 during the six months
ended June 30, 2017 compared to $71,010 used during the six months
ended June 30, 2016.  The increase in funds used by investing
activities during 2017 reflects the acquisition of our Reeves
County acreage ($986,000) and investments in drilling operations on
the Reeves County acreage ($1,176,328).

Financing activities provided cash of $2,662,318 during the six
months ended June 30, 2017 compared to $90,079 used during the six
months ended June 30, 2016.  The change in cash flow from financing
activity reflects the receipt of gross funds totaling $2,679,600
from the sale, during 2017, of Series A Preferred Stock, Series B
Preferred and Series B Warrants, and Bridge Loan Notes and Bridge
Loan Warrants, partially offset by the payment of dividends on the
Series B Preferred Stock ($17,282), while funds were used during
2016 for the purchase of treasury stock.

At June 30, 2017, the Company had long-term liabilities of $35,560
compared to $27,444 at Dec. 31, 2016.  Long-term liabilities at
June 30, 2017 and Dec. 31, 2016 consisted of a reserve for plugging
costs.

The Company's principal capital and exploration expenditures relate
to ongoing efforts to acquire, drill and complete prospects, in
particular our Reeves County acreage.

During the six months ended June 30, 2017, the Company invested
$2,170,118 for the acquisition and development of oil and gas
properties, consisting of (1) cost of acquisition of U.S.
properties $986,937, principally attributable to acreage acquired
in Reeves County, Texas, (2) cost of drilling our Johnson State #1H
well and cost incurred through June 30, 2017 with respect to
hydraulic fracturing of the Johnson State #1H well and with respect
to drilling operations on the O'Brien #3H well, totaling in the
aggregate $1,166,438, and (3) preparation and evaluation costs in
Colombia of $16,743.  Of the amount invested, the Company
capitalized $2,172,077 to oil and gas properties not subject to
amortization and reduced oil and gas properties subject to
amortization by $1,959.

"In order to fully fund our estimated drilling and completion
budget and support operations through the end of 2017, we expect
that we will be required to raise additional capital.  While we
may, among other efforts, pursue additional sales of shares in our
ATM Offering, private sales of equity and debt securities and may
realize up to $1.59 million of additional funding from exercise of
outstanding warrants, we presently have no commitments to provide
additional funding and there can be no assurance that we can secure
the necessary capital to support such plans and operations on
acceptable terms or at all.  If, for any reason, we are unable to
fully fund our drilling budget and fail to satisfy commitments
reflected therein, we may be subject to penalties or to the
possible loss of some of our rights and interests in prospects with
respect to which we fail to satisfy funding commitments and we may
be required to curtail operations and forego opportunities," the
Company said in the report.

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

                     https://is.gd/LcCgu0

                   About Houston American Energy

Based in Houston, Texas, Houston American Energy Corp.
(NYSEMKT:HUSA) -- http://www.HoustonAmericanEnergy.com/-- is an
independent energy company with interests in oil and natural gas
wells, minerals and prospects.  The Company's business strategy
includes a property mix of producing and non-producing assets with
a focus on Texas, Louisiana and Colombia.

Houston American reported a net loss of $2.64 million on $165,910
of oil and gas revenue for the year ended Dec. 31, 2016, compared
to a net loss of $3.83 million on $429,435 of oil and gas revenue
for the year ended Dec. 31, 2015.

GBH CPAs, PC, in Houston, Texas -- http://www.gbhcpas.com/--
issued a "going concern" qualification on the consolidated
financial statements for the year ended Dec. 31, 2016, noting that
the Company has suffered recurring losses from operations, which
raises substantial doubt about its ability to continue as a going
concern.


IRONCLAD PERFORMANCE: Case Summary & 20 Top Unsecured Creditors
---------------------------------------------------------------
Debtor affiliates that filed Chapter 11 bankruptcy petitions:

     Debtor                                       Case No.
     ------                                       --------
     Ironclad Performance Wear Corporation        17-12408
     a California corporation
     15260 Ventura Blvd., 20th Floor
     Sherman Oaks, CA 91403

     Ironclad Performance Wear Corporation        17-12409
     a Nevada corporation
     15260 Ventura Blvd., 20th Floor
     Sherman Oaks, CA 91403

Type of Business: Founded in 1998, Ironclad -- http://ironclad.com

                  -- designs and manufactures branded performance
                  work wear for a variety of construction, do-it-
                  yourself, industrial, sporting goods and general
                  services markets.  Since inception, the Company
                  has leveraged its proprietary technologies to
                  design task-specific technical gloves and
                  performance apparel designed to improve the
                  wearer's ability to safely, efficiently and
                  comfortably perform specific job functions.

                  Ironclad manufactures its performance gloves
                  using functional materials, including DuPont
                  Kevlar, Nomex and Teflon, Clarino Synthetic
                  Leather, CT-5 Cut Resistant Fabric and
                  Duraclad.  The Company incorporates these
                  materials in the manufacturing process to create
                  products that meet the functional and protective
                  requirements of its consumers.  Since inception,
                  the Company has employed an in-house research
                  and development department responsible for
                  identifying and creating new products and
                  applications, and improving and enhancing
                  existing products.

                  Ironclad's gloves are available through
                  industrial suppliers, hardware stores, home
                  centers, lumber yards, and sporting goods
                  retailers nationwide; and through authorized
                  distributors in North America, Europe,
                  Australia, Middle East, Asia and South America.

Chapter 11 Petition Date: September 8, 2017

Court: United States Bankruptcy Court
       Central District of California (San Fernando Valley)

Judge: Hon. Martin R. Barash

Debtors' Counsel: Ron Bender, Esq.
                  LEVENE, NEALE, BENDER, YOO & BRILL L.L.P.
                  10250 Constellation Blvd Ste 1700
                  Los Angeles, CA 90067
                  Tel: 310-229-1234
                  E-mail: rb@lnbyb.com

Ironclad California's assets: $10 million to $50 million
Ironclad California's debt: $1 million to $10 million

Ironclad Nevada's scheduled assets: $16.6 million
Ironclad Nevada's scheduled debt: $8.05 million

The petitions were signed by Geoffrey L. Greulich, chief executive
officer.  Full-text copies of the petitions are available for free
at:

           http://bankrupt.com/misc/cacb17-12408.pdf
           http://bankrupt.com/misc/cacb17-12409.pdf

A. Ironclad California's List of 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim    Claim Amount
   ------                          ---------------    ------------
Nantong Changbang Gloves Co.         Trade Debt         $1,228,307
Flat/RM 1602 Chit
Lee Comm
Bldg 30-36, Shau
Kei Wan Road
Hong Kong, China
Eliza Yang
Tel: +86-513-81961600
Email: yang@cb-glove.com

Woneel Midas Leathers                Trade Debt           $785,358
JL Gembor Raya
Desa Pasirjaya
Tangerang Banten,
Indonesia 15135
Janice Lee
Tel: 626-799-0600
Email: woneelamerica@gmail.com

Mercindo Global Manufaktur           Trade Debt           $431,973
JL. Raya
Semarang-Bawe
N KM.29
SEemerang, Central Java
50661, Indonesia
Danny Negara
Tel: 858-939-0033
Email: danny@asiglovemail.com

Marusan - Mimasu Tshusho Co. Ltd.     Trade Debt          $382,811
NO 1 Queen' Road
Central Hong Kong, China
Sky Lin
Tel: +86-21-59213021
Email: skylin@marusan-glove.com

Skadden Arps Slate                   Professional         $231,848
Meagher & Flom LLP                     Services

Stubbs, Alderton &                   Professional         $172,689
Markiles, LLP                          Services
Email: rtejada@stubbsalderton.com

PT JJ Gloves Indo                      Trade Debt         $162,917
Email: kwong@jjglove.com

PT Sport Glove Indonesia               Trade Debt         $144,238
Email: mrobba@aol.com

Winspeed Sports Shanghai Co., Ltd.     Trade Debt         $144,198
Email: bweiss@winspeedsports.com

Advantage Media Services, Inc.         Trade Debt         $114,942
Email: jessica.galindo@amsfulfillment.com

Resources Global Professionals         Trade Debt          $80,727
Email: Brent.Waters@rgp.com

BDO USA, LLP                           Trade Debt          $45,000

Synetra                                Trade Debt          $44,191
Email: jcalhoun@synetra.com            

Ka Hung Glove Industrial Co. Ltd       Trade Debt          $38,934
Email: JIACHEN9188@163.COM

University of Milwaukee                Trade Debt          $33,333
Email: durandc@uwm.edu

Risk Consulting Partners              Professional         $30,470
                                        Services

Shur-Sales &                            Marketing          $16,125
Marketing, Inc.

Capital One Bank                        Trade Debt         $15,471

Email: Daniel.Gomes@capitalone.com

Yellow and Roadway                      Trade Debt         $14,911
Email: Liliana.DominguezPinon@YRCFreight
.com

FedEx                                   Trade Debt         $14,795
Email: cppearson@fedex.com

B. Ironclad Nevada's List of 20 Largest Unsecured Creditors has one
entry:

   Entity                          Nature of Claim    Claim Amount
   ------                          ---------------    ------------
1920 Hutton Court                       Rent               $21,275
Inwood National Bank
P O Box 857413
Richardson, TX 75085
Johnny Clark
Tel: (972) 280-8313
Email: jclark@hldallas.com


IRONCLAD PERFORMANCE: Files Voluntary Ch.11 Bankruptcy Petition
---------------------------------------------------------------
Ironclad Performance Wear Corporation on Sept. 11 disclosed that
the Company and its subsidiary filed voluntary petitions under
Chapter 11 of the U. S. Bankruptcy Code in the U. S. Bankruptcy
Court, Central District of California, San Fernando Valley Division
on September 8, 2017.  The Company's Chapter 11 cases are expected
to be jointly administered.

During the pendency of the Chapter 11 cases, Ironclad will continue
in the possession of its assets and will continue to operate and
manage its business in the ordinary course, including continuing
the development, manufacture and sale of its high-performance
task-specific work gloves, pending the sale of substantially all of
its assets pursuant to a sale under Section 363 of the Bankruptcy
Code.  The Company intends to request Bankruptcy Court approval of
a series of customary motions related to the payment of various
expenses to continue operations. Court documents and additional
information are available as indicated below.

To facilitate continued business operations, on September 8, 2017,
Ironclad entered into a Debtor-in-Possession Credit Agreement and
Agreement for the Use of Cash Collateral (the DIP Agreement) with
Radians Wareham Holding, Inc., pursuant to which Radians will
provide to Ironclad a secured multiple draw term loan credit
facility of up to $1,000,000 for normal business operations, and up
to an additional $1,000,000 for additional purchases of inventory.
Among other customary matters, Ironclad's failure to comply with
certain bankruptcy-related filing obligations within the timeframes
set forth in the DIP Agreement constitute events of default
thereunder.

On September 8, 2017, Ironclad also entered into a Stalking Horse
Asset Purchase Agreement (the Purchase Agreement) with Radians
pursuant to which Radians will purchase substantially all of
Ironclad's assets for (1) an aggregate amount of $20,000,000,
subject to a reduction to $15,000,000 if certain conditions set
forth in the Purchase Agreement are not met, and (2) the assumption
of certain of Ironclad's liabilities as set forth in the Purchase
Agreement.

The closing of the transactions contemplated under the Purchase
Agreement is conditioned on approval by the Bankruptcy Court, and
consideration by Ironclad and the Bankruptcy Court, of higher or
better competing bids for Ironclad's assets at an auction.
Ironclad will seek the Bankruptcy Court's approval of bidding
procedures for the auction requiring an initial overbid of at least
$750,000 over the applicable purchase price in the Purchase
Agreement, with subsequent overbids in increments of $250,000 or
figures which are wholly divisible by $250,000.  Bidders will be
required to demonstrate that they have the financial means to
consummate their transaction and to submit a cash deposit of
$2,000,000.

If any party other than Radians is deemed by the Bankruptcy Court
to be the winning bidder at the auction undertaken pursuant to the
bidding procedures approved by the Bankruptcy Court, or if Ironclad
elects to proceed with a plan of reorganization instead of
proceeding with a sale of its assets, Radians will receive a
break-up fee in the amount of $500,000.

The Purchase Agreement may be terminated upon the parties' mutual
consent, by either Ironclad or Radians upon material breach of the
other party's covenants or material inaccuracies in the other
party's representations and warranties, and by Radians upon
Ironclad's failure to file, by the dates specified in the Purchase
Agreement, the bankruptcy motions set forth in the Purchase
Agreement.

Geoff Greulich, Ironclad's Chief Executive Officer, stated that
"Given the shortage of liquidity, and having extensively explored
and deliberated on available alternative transactions, management
and the Board of Directors determined that an orderly pre-arranged
Chapter 11 filing and subsequent Section 363 asset sale with an
overbid process was in the best interests of Ironclad's
stockholders and creditors.  Radians has extended terms that allow
the Company to continue to meet the needs of its customers,
employees and suppliers through a quick and efficient sale
process."

Levene, Neale, Bender, Yoo & Brill L.L.P. is serving as the
Company's bankruptcy counsel and Craig-Hallum Capital Group LLC is
serving as its financial advisor in this process.

Ironclad Performance Wear Corporation (otcqb:ICPW) is the
recognized leader in high-performance task-specific work gloves.


JPW INDUSTRIES: Moody's Assigns B3 Corporate Family Rating
----------------------------------------------------------
Moody's Investors Service assigned a B3 Corporate Family Rating
("CFR") and B3-PD Probability of Default Rating to JPW Industries
Holding Corporation. Moody's also assigned a B3 rating to the
company's proposed $220 million senior secured bond. The rating
outlook is stable. This is the first time that Moody's has assigned
ratings to this issuer.

The proceeds in combination with cash equity invested will be used
to fund the acquisition of JPW and its affiliates by Gamut Capital
Management.

The following actions were taken:

Corporate Family Rating, assigned at B3;

Probability of Default Rating, assigned at B3-PD;

$220 million senior secured bond due 2024, assigned at B3 (LGD4);

The rating outlook is stable.

RATINGS RATIONALE

JPW's B3 CFR reflects the company's global distribution platform,
strong brands, and good diversification by product, end market,
customer and supplier. The company's brands include Jet, Wilton,
Powermatic, Promac and Edwards. The CFR also incorporates the
company's strong adjusted operating margin, especially when
compared to similarly-rated peers, and ability to generate free
cash flow. These factors are offset by JPW's high debt leverage,
small size and exposure to cyclical end markets. Moody's also note
that JPW has material concentrations of suppliers in Taiwan and
China.

Moody's expects JPW to expand its profitability through a
combination of operating leverage, market share gain and new
product innovation. The company's proprietary-based product
distribution model, in contrast to trading company product
distribution model, should protect the company against risks of
disintermediation. Moody's note, however, that the company's
revenue, earnings and operating margin will be impacted by on-going
movements in the US dollar to Taiwanese dollar exchange rate. The
B3 CFR assumes that JPW will operate with adjusted debt-to-EBITDA
below 6.0x.

JPW has good liquidity supported by a $50 million ABL revolver,
cash from operations and a lack of debt maturities until 2024 when
the company's senior secured bond matures. The company's ABL
facility is governed by a springing fixed charge ratio covenant of
1.0x when excess availability is less than the greater of (i) 10%
of availability and (ii) $5 million. Moody's does not expects JPW
to trigger the springing covenant.

The stable outlook reflects our expectation for steady growth in
revenue and earnings over the next 12-18 months, stable balance
sheet management, and good liquidity.

Moody's indicated that a ratings upgrade was unlikely over the near
term given JPW's small size. Over the longer-term, the ratings
could be upgraded if the company continues to grow its market
position and revenue base in excess of $500 million. The company
would also need to reduce adjusted debt-to-EBITDA below 5.0x,
increase its adjusted EBITA-to-interest expense above 2.5x, and
maintain adjusted operating margin above 10%.

The ratings could be downgraded if adjusted debt-to-EBITDA were to
exceed 6.5x and adjusted EBITA-to-interest expense were to decline
below 1.5x, both for a sustained period. In addition, material
deterioration in adjusted operating margin or significant weakening
of liquidity could also trigger a downgrade.

The principal methodology used in these ratings was Distribution &
Supply Chain Services Industry published in December 2015.

JPW Industries Holdings Corporation, headquartered in La Vergne,
TN, is a global designer, developer, marketer and value-added
distributor of branded specialty shop tools and equipment for a
broad range of applications and end markets. JPW is privately owned
by an affiliate of Gamut Capital Management. The company's brands
include Jet, Wilton, Powermatic, Promac and Edwards, comprising a
variety of price points and end-users. For the year ended December
31, 2016, JPW generated approximately $200 million in revenue.


KEELER'S MEDICAL: Has Final Nod to Use Cash Through Dec. 31
-----------------------------------------------------------
The Hon. Frank L. Kurtz of the U.S. Bankruptcy Court for the
Eastern District of Washington has entered a final order
authorizing Keeler's Medical Supply, Inc., to use cash collateral.

The Debtors are authorized to use cash collateral, including cash,
accounts receivable and proceeds thereof on a final basis pursuant
to the budget attached to the Debtor's Status Report filed with the
Court on Aug. 17, 2017.  The Debtor's authorization to use cash
collateral on a final basis will continue through Dec. 31, 2017,
unless the Court orders otherwise.  Any party with a lien or
garnishment impacting the Debtor's ability to utilize cash
collateral will immediately take action as is necessary to ensure
that cash collateral is turned over to or released to the Debtor.

As partial adequate protection, the Internal Revenue Service and
any other party holding a valid, perfected, unavoidable, security
interest or lien in the cash collateral is granted a valid,
automatically perfected replacement lien against any post-petition
accounts receivable (or proceeds thereof) of the Debtor for the
full amount of the cash collateral which is utilized pursuant to
the court order.  The replacement liens granted will have the same
validity and priority as the security interests and liens existing
against the cash collateral on the date of filing.

A copy of the court order is available at:

           http://bankrupt.com/misc/waeb17-01849-71.pdf

As reported by the Troubled Company Reporter on Aug. 8, 2017, the
Court previously issued an interim order authorizing the Debtor to
use cash collateral on an interim basis pursuant to the 30-day
budget, and will continue through the Court's order after the
conclusion of the second interim cash collateral hearing.

                   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 medical supplies
and equipment.  Keeler's headquarters and principal place 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.

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


KNIGHT ENERGY: Taps Beau Box & ResortQuest as Real Estate Brokers
-----------------------------------------------------------------
Knight Energy Holdings, LLC, et al., seek authority from the U.S.
Bankruptcy Court for the Western District of Louisiana to employ
Beau Box Commercial Real Estate, and ResortQuest Real Estate of
Florida, LLC, as real estate brokers to the Debtors.

Knight Energy requires:

     -- Beau Box to market and sell the Debtors' property
        located at 507 Park Drive in De Soto Parish; and

     -- ResortQuest to market and sell the Debtors' property
        located at 2288 E. Co Highway, 30A, Santa Rosa Beach,
        Florida 32459.

Beau Box and ResortQuest will be paid a commission of 5% of the
gross sale amount of the property.

Monty Warren, a partner of Beau Box Commercial Real Estate, and
Brett Bianca, a member of ResortQuest Real Estate of Florida, LLC,
assured the Court that each of their firms 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
its estates.

The Brokers can be reached at:

     Monty Warren
     BEAU BOX COMMERCIAL REAL ESTATE
     200 West Congress, Suite 1020
     Lafayette, LA 70501
     Tel: (337) 233-1488

          - and -

     Brett Bianca
     RESORTQUEST REAL ESTATE OF FLORIDA, LLC
     35000 Emerald Coast Parkway
     Destin, FL 32541
     Tel: (800) 547-0805

                About Knight Energy Holdings, LLC

Knight Energy Holdings, LLC, supplies rental equipment and services
for drilling, completion and well control activities, serving a
diverse base of oil and gas operators.  Knight is a multi-basin
service provider with operations in nine states. Its services are
available to clients in the United States, including the Permian,
Eagle Ford, San Juan, Bakken, Cotton Valley, DJ, Haynesville,
Alaska, and the Gulf Coast.  In the past, Knight Energy also
provided services internationally in Norway, the Netherlands, Iraq,
UAE, Australia, and Colombia.  There are presently no international
operations. Knight Energy currently employs approximately 330
employees spread throughout the 18 active locations.

Knight Energy Holdings, LLC, formerly Knight Oil Tools, LLC and its
affiliates filed Chapter 11 petitions (Bankr. W.D. La. Lead Case
No. 17-51014) on Aug. 8, 2017.  The petitions were signed by Kelley
Knight Sobiesk, member, director.

At the time of filing, Knight Energy Holdings had $50 million to
$100 million in estimated assets and $100 million to $500 million
in estimated liabilities.

The cases are assigned to Judge Robert Summerhays.

Heller, Draper, Patrick, Horn & Dabney, L.L.C., serves as
bankruptcy counsel to the Debtors while Opportune, LLP, serves as
their crisis manager. Donlin, Recano & Company, Inc., is the
claims, noticing and solicitation agent.

Henry G. Hobbs, Jr., Acting U.S. Trustee for Region 5, on Aug. 24
appointed two creditors to serve on the official committee of
unsecured creditors in the Chapter 11 cases of Knight Energy
Holdings, LLC, and its debtor affiliates.


LADDER CAPITAL: Moody's Affirms Ba2 CFR & Alters Outlook to Pos.
----------------------------------------------------------------
Moody's Investors Service affirmed the Ba2 corporate family rating
(CFR) of Ladder Capital Corp (Ladder) and the Ba3 senior unsecured
rating of Ladder Capital Finance Holdings LLLP (LCFH) and revised
the outlook for the ratings to positive from stable.

Issuer: Ladder Capital Corp

-- Corporate Family Rating, Affirmed Ba2

-- Outlook, Changed To Positive From Stable

Issuer: Ladder Capital Finance Holdings LLLP

-- Senior Unsecured Regular Bond/Debenture, Affirmed Ba3

-- Outlook, Changed To Positive From Stable

RATINGS RATIONALE

Moody's affirmed Ladder's Ba2 CFR and Ba3 senior unsecured ratings
based on the company's moderate leverage, high-quality assets,
record of profitability since inception, and increasing funding
diversification. The revenue contributions from Ladder's balance
sheet lending, securities investing, and net lease rents has grown
to represent over 70% of total revenues while revenues from
volatile sources including conduit lending have shrunk, which
enhances the stability of the company's earnings performance.
Moreover, Ladder has posted strong credit results, having recorded
minimal credit losses in its loan portfolio since inception,
reflecting the company's strong risk management culture as well as
highly-experienced and well-regarded management team. The company
has access to multiple funding sources to support its operations
and is gradually increasing the share of unsecured funding in its
capital structure, which improves financial flexibility. Credit
constraints include Ladder's business concentration in the
commercial real estate sector and the relatively high proportion of
secured funding in its debt capital structure.

Moody's revised Ladder's outlook to positive on the expectation
that Ladder will continue to effectively manage its capital profile
as its adapts its conduit lending activity to risk retention rules
required under Dodd-Frank legislation, while also continuing to
diversify funding and improve liquidity. Moody's expects that the
company's required transition from use of Federal Home Loan Bank
(FHLB) advances obtained through its captive insurance subsidiary
as a key funding source by February 2021 will be also be
effectively managed.

Moody's could upgrade Ladder's ratings if the company improves its
liquidity runway by further lengthening its debt maturities,
further expands its funding diversification to reduce the ratio of
secured debt to total assets to 45%, demonstrates greater
predictability of earnings and asset quality over a sustained
period of time, and further solidifies its franchise positioning.

Moody's could downgrade Ladder's ratings if the company shrinks its
liquidity runway, sustains an increase in leverage (debt/total
equity) above a range of 2.0-3.0X, experiences a material
deterioration in asset quality, or generates a decrease in
profitability resulting in fixed charge coverage closer to 1.5X.


LANDMARK MEDICAL: Hires Morgan Fisher as Bankruptcy Counsel
-----------------------------------------------------------
Landmark Medical Group, LLC, seeks authority from the U.S.
Bankruptcy Court for the District of Maryland to employ the Law
Offices of Morgan Fisher LLC, as bankruptcy counsel to the Debtor.

Landmark Medical requires Morgan Fisher to:

   a. advise the Debtor with respect to its powers and duties as
      debtor-in possession and in management of any the property;

   b. attend meetings and negotiate with representatives of
      creditors and other parties-in-interest;

   c. take all necessary actions to protect and preserve the
      Debtor's estate, including the prosecution of actions on
      the Debtor's behalf, the defense of any actions commenced
      against the Debtor, negotiations concerning litigation in
      which the Debtor is involved, and objections to claims
      filed against the Debtor's estate;

   d. assist the Debtor in connection with preparing necessary
      motions, answers, applications, orders, reports, or other
      legal papers necessary to the administration of the estate,
      and to appear in Court on behalf of the Debtor in
      proceedings related thereto;

   e. assist the Debtor in the preparation of a chapter 11 plan
      and disclosure statement, and in any and all other matters
      and proceedings in connection therewith, including
      attending court hearings;

   f. represent the Debtor in matters which may arise in
      connection with its financial and legal affairs, dealings
      with creditors and other parties-in-interest, sales and
      other transactional matters, litigation matters and in any
      other matters which may arise during this case; and

   g. perform all other necessary legal services in connection
      with the prosecution of this case.

Morgan Fisher will be paid at these hourly rates:

     Attorneys                   $300-$400
     Paralegals                  $150

Morgan Fisher will be paid a retainer in the amount of $12,000.
The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Morgan W. Fisher, managing attorney of the Law Offices of Morgan
Fisher LLC, assured the Court that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code and does not represent any interest adverse to the Debtor and
its estates.

Morgan Fisher can be reached at:

     Morgan W. Fisher, Esq.
     LAW OFFICES OF MORGAN FISHER, LLC
     1125 West St., Suite 227
     Annapolis, MD 21401
     Tel: (410) 626-6111
     E-mail: mwf@morganfisherlaw.com

                About Landmark Medical Group, LLC

Landmark Medical Group, LLC, filed a Chapter 11 bankruptcy petition
(Bankr. D. Md. Case No. 17-21294) on August 22, 2017, disclosing
under $1 million in both assets and liabilities.  The Debtor is
represented by Morgan W. Fisher, Esq., at the Law Offices of Morgan
Fisher LLC.


LG BOLLINGER: Voluntary Chapter 11 Case Summary
-----------------------------------------------
Debtor: LG Bollinger LLC
        16815 Bollinger Drive
        Los Angeles, CA 90027

Type of Business: LG Bollinger LLC's business was registered
                  with the Colorado Secretary of State.  The
                  address is 910 Pinon Ranch View, Suite 200,
                  Colorado Springs, CO 80907.  LG Bollinger
                  listed its business as a single asset real
                  estate (as defined in 11 U.S.C. Section
                  101(51B), whose principal assets are located
                  at 16815 Bollinger Dr, Los Angeles, CA
                  90027.

Chapter 11 Petition Date: September 8, 2017

Case No.: 17-21049

Court: United States Bankruptcy Court
       Central District of California (Los Angeles)

Judge: Hon. Robert N. Kwan

Debtor's Counsel: Todd B Becker, Esq.
                  LAW OFFICES OF TODD B BECKER
                  3750 E Anaheim St Ste 100
                  Long Beach, CA 90804
                  Tel: 562-495-1500
                  Fax: 562-494-8904
                  E-mail: brief@beckerlawgroup.com
                          becker@toddbeckerlaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Randy King, manager.

The Debtor says it has no unsecured creditors.

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

         http://bankrupt.com/misc/cacb17-21049.pdf


LIGNUS INC: Case Summary & 19 Largest Unsecured Creditors
---------------------------------------------------------
Debtor: Lignus, Inc.
        531 Alta Road #8
        San Diego, CA 92154

Type of Business: Established in 2004, Lignus Inc is a
                  privately held company engaged in the
                  lumber, plywood, and millwork trade.

Chapter 11 Petition Date: September 8, 2017

Case No.: 17-05475

Court: United States Bankruptcy Court
       Southern District of California (San Diego)

Judge: Hon. Christopher B. Latham

Debtor's Counsel: Kit J. Gardner, Esq.
                  LAW OFFICES OF KIT J. GARDNER    
                  501 W. Broadway, Suite 800
                  San Diego, CA 92101
                  Tel: (619) 525-9900
                  E-mail: kgardner@gardnerlegal.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Jose Gaitan, CFO.

The Debtor's list of 19 largest unsecured creditors is available
for free at http://bankrupt.com/misc/casb17-05475.pdf


LITTLE SAIGON: Hires Weintraub as General Bankruptcy Counsel
------------------------------------------------------------
Little Saigon Supermarket, LLC, seeks authority from the U.S.
Bankruptcy Court for the Central District of California to employ
Weintraub Selth and Nguyen, APC, as general bankruptcy counsel to
the Debtor.

Little Saigon requires Weintraub to:

   a. advise the Debtor concerning all general administrative
      matters and dealings with the Office of the U.S. Trustee;

   b. represent the Debtor at all hearings before the U.S.
      Bankruptcy Court involving the Debtor, as debtor-in-
      possession and as reorganized Debtor, as applicable;

   c. prepare on the Debtor's behalf as debtor-in-possession
      all necessary schedules and amendments thereto,
      applications, motions, orders and other legal papers;

   d. advise the Debtor regarding matters of bankruptcy law,
      including the Debtor's rights and remedies with respect
      to assets of the estate and creditor claims;

   e. represent the Debtor with regard to all contested matters;

   f. represent the Debtor with regard to the preparation of a
      disclosure statement and the negotiation, preparation
      and implementation of a liquidating plan;

   g. analyze any secured, priority or general unsecured claims
      that have been filed in the bankruptcy case;

   h. negotiate with the Debtor's secured and unsecured creditors
      regarding the amount and payment of claims;

   i. object to claims as may be appropriate;

   j. draft bid procedures motion and a sale motion; and

   k. perform all other legal services for Debtor as debtor-in-
      possession as may be necessary.

Weintraub will be paid at these hourly rates:

     Daniel J. Weintraub                $550
     James R. Selth                     $495
     Elaine V. Nguyen                   $395
     Paraprofessionals                  $250
     Legal Assistants                   $150-$175

On August 18, 2016, the Debtor caused Weintraub to be paid an
initial retainer in the amount of $6,000, plus $1,717 for the Court
filing fee. The source of the funds were from Peter Nguyen as a
loan to the Debtor.

Weintraub applied $6,582.50, which sums include the filing fee of
$1,717.00, to payment for services rendered and costs incurred
prior to the commencement of the Bankruptcy Case. There was as of
the Petition Date, a balance of $1,134.50 remaining in the
Weintraub's Client Trust Account.

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

Elaine V. Nguyen, a partner of Weintraub Selth and Nguyen, APC,
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.

Weintraub can be reached at:

     Elaine V. Nguyen, Esq.
     WEINTRAUB SELTH AND NGUYEN, APC
     11766 Wilshire Boulevard, Suite 1170
     Los Angeles, CA 90025
     Tel: (310) 207-1494
     Fax: (310) 442-0660
     E-mail: elaine@wsrlaw.net

                 About Little Saigon Supermarket, LLC

Little Saigon Supermarket, LLC, was formed in August 2015 to
develop and operate a Vietnamese supermarket.  Little Saigon on
Nov. 11, 2015, it entered into 15-year lease with HMZ Retail, LP,
concerning the commercial real property located at 10932
Westminster Ave., Garden Grove, California. Thereafter, it spent
approximately, one year and $1,800,000 in cash designing,
developing and building out the space for a Vietnamese supermarket.
On Dec. 3, 2016, Little Saigon opened the "Farmer's Garden
Supermarket. The Westminster address is a central location for the
Vietnamese community in Orange County.

Sun Valley Management, LLC ("SVM") is Little Saigon's Manager and
its sole Class A member. Huy Dinh Le and Vo Thi Hong Truc are its
Class B members by virtue of their investment under the U.S.
Citizenship and Immigration Services EB-5 Immigrant Investor
Program.

The Market opened in December 2016 and initially operated at a
profit, generating gross sales in its first month of $724,180.
However, gross sales began to drop and along with it, the Market's
profitability. Having difficulty meeting payroll and falling behind
to vendors, on June 7, 2017, at a Managers meeting of SVM, the
Managers voted to, among other things, (i) close the Market and
begin liquidation; (ii) designate Peter Nguyen as the Debtor's
authorizes Representative; and (iii) file for bankruptcy. On June
26, 2017, the Market closed its doors.

Little Saigon Supermarket sought Chapter 11 protection (Bankr. C.D.
Cal. Case No. 17-20227) on Aug. 20, 2017. Elaine V. Nguyen, Esq.,
at Weintraub Selth and Nguyen, APC, serves as general bankruptcy
counsel to the Debtor.


LUVIS AMBULANCE: Court Okays Disclosures & Confirms Plan
--------------------------------------------------------
The Hon. Edward A Godoy of the U.S. Bankruptcy Court for the
District of Puerto Rico has entered a final order approving Luvis
Ambulance Services Inc.'s disclosure statement and confirming the
plan of reorganization dated July 20, 2017.

As reported by the Troubled Company Reporter on June 20, 2017, the
restructuring plan proposes to set aside $18,000 to pay general
unsecured creditors or 70% of their claims allowed by the court.

              About Luvis Ambulance Services Inc.

Luvis Ambulance Services Inc. filed a Chapter 11 bankruptcy
petition (Bankr. D.P.R. Case No. 16-06244) on Aug. 5, 2016.  Judge
Enrique S. Lamoutte Inclan presides over the case.

The Batista Law Group, P.S.C. represents the Debtor as bankruptcy
counsel.  The Debtor hired Manuel Feliciano Rios as its financial
consultant.

On Feb. 16, 2017, the Debtor filed a Chapter 11 plan of
reorganization and disclosure statement.


M & J ENERGY: Hires Mouton as Attorney to Replace Aguillard
-----------------------------------------------------------
M & J Energy Group, LLC, seeks authority from the U.S. Bankruptcy
Court for the Western District of Louisiana to employ John A.
Mouton, III, Attorney at Law, as counsel to the Debtor replacing H.
Kent Aguillard.

M & J Energy requires Mouton to:

   -- give the Debtor legal advice with respect to the Debtor's
      business and property; and

   -- perform all legal services for the debtor-in-possession
      which may be necessary in the Chapter 11 case.

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

Mouton was owed by the Debtor in the amount of $4,900, but has
elected to waive that fee and forgo being a creditor in the
bankruptcy case.

John A. Mouton, III, Attorney at Law, 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.

Mouton can be reached at:

     John A. Mouton, III, Esq.
     P.O. Box 82438
     Lafayette, LA 70598
     Tel: (337) 988-6499
     Email: john@jmoutonlaw.com

                 About M & J Energy Group, LLC

Founded in 2006, M & J Energy Group, LLC --
https://www.mjenergygroup.com/ -- is an oil and natural gas company
in Broussard, Louisiana.  M & J Energy Group provides hydrostatic
testing, torquing, bolting and construction services. It is
currently working in Texas, Louisiana, Gulf of Mexico and Florida,
and had done work in Pennsylvania, West Virginia, Wyoming,
Oklahoma, Ohio, and Mississippi.

M & J Energy's corporate office is in Scott, Louisiana, while its
two satellite offices are in Houma, Louisiana and Ingelside, Texas.
The Company is ISNetworld certified and also DISA certified.

M & J Energy Group sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D. La. Case No. 17-51115) on August 24,
2017. Slade Sanders, its owner, signed the petition.

At the time of the filing, the Debtor disclosed that it had
estimated assets of less than $50,000 and liabilities of $1 million
to $10 million.

Judge Robert Summerhays presides over the case.  John A. Mouton,
III, Attorney at Law, serves as Chapter 11 counsel to the Debtor.


M.N.E. FUNDING: Case Summary & 6 Unsecured Creditors
----------------------------------------------------
Debtor: M.N.E. Funding, Inc.
        6360 Van Nuys Blvd Ste 202
        Van Nuys, CA 91401

Type of Business: M.N.E. Funding listed its business as
                  single asset real estate (as defined in 11
                  U.S.C. Section 101(51B)).  It is the 100%
                  owner of a real property located at 3392
                  Venture Dr., Huntington Beach, CA 92649
                  valued at $1.80 million.

Chapter 11 Petition Date: September 10, 2017

Case No.: 17-12420

Court: United States Bankruptcy Court
       Central District of California (San Fernando Valley)

Judge: Hon. Maureen Tighe

Debtor's Counsel: Mark E Goodfriend, Esq.
                  LAW OFFICES OF MARK E GOODFRIEND
                  16055 Ventrua Blvd
                  Encino, CA 91436
                  Tel: 818-783-8866
                  Fax: 818-783-5445
                  E-mail: markgoodfriend@yahoo.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Ahron Zilberstein, president.

The Debtor's list of six unsecured creditors is available for free
at http://bankrupt.com/misc/cacb17-12420.pdf


MAGNOLIA BREWING: Taps Greenberg & Greenberg as Tax Accountant
--------------------------------------------------------------
Magnolia Brewing Company, LLC seeks approval from the U.S.
Bankruptcy Court for the Northern District of California to employ
Greenberg & Greenberg to prepare its tax returns and K-1s for the
2016 tax year.

Greenberg will receive a flat fee of $9,000.  Meanwhile, for any
services above this flat fee such as representing the Debtor in a
governmental tax examination, the firm will charge an hourly fee of
$400.

The Debtor had previously filed an application to employ the firm
to prepare its income tax returns and K-1s for the 2015 tax year.
The court approved the application on August 22 last year.

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

                     About Magnolia Brewing

Magnolia Brewing Company LLC owns and operates a 30-barrel
production brewery located at 3rd and 22nd in San Francisco,
California, which was first opened in 2014, as well as an adjacent
restaurant, Smokestack.  It also owns the Magnolia Pub and Brewery
located at Haight and Masonic in San Francisco as a result of its
acquisition of those assets from McLean Breweries, Inc., pursuant
to a merger with McLean, which occurred in January 2015.  Before
the merger, the Company and McLean had common management and a
number of common employees and substantially similar ownership. The
Company's beer is sold at both of its restaurants and to more than
250 draft beer accounts in the San Francisco Bay Area.

Magnolia Brewing sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Cal. Case No. 15-31480) on Nov. 30,
2015.  The petition was signed by Dave McLean, managing member. The
case is assigned to Judge Dennis Montali.

The Debtor is represented by Ron Bender, Esq., and John-Patrick M.
Fritz, Esq., at Levene, Neale, Bender, Yoo & Brill L.L.P.  The
Debtor retains Greenberg & Greenberg as its tax accountant and
Baker Tilly Capital, LLC, as investment banker.

The Debtor estimated both assets and liabilities in the range of $1
million to $10 million.

The Office of the U.S. Trustee formed the official committee of
unsecured creditors on Dec. 7, 2015. The committee employed Arch &
Beam Global, LLC as its financial advisor.


MARCANTONIO ENTERPRISES: Wants to Use, Sell, Lease Cash Collateral
------------------------------------------------------------------
Marcantonio Enterprises, LLC, seeks permission from the U.S.
Bankruptcy Court for the Western District of Texas to use, sell or
lease cash collateral in the continuing operation of its business.

The two most valuable properties are located at 4343 Industrial
Center Drive, San Antonio, Texas (worth $1.35 million) and 6910
N.E. Loop 410, San Antonio, Texas (worth $1.15 million).  The
Debtor's primary lender, TexStar National Bank, holds a purchase
money Deed of Trust lien against these properties with an
approximate loan balance of $834,000.  TexStar also holds a
security interest in the leases and rents derived from these
properties.  The Debtor receives approximately 75% of its gross
revenue from the rents derived from the properties.  

The Debtor also receives rents from other properties, as well
monthly payments on real estate notes from properties previously
sold by the Debtor, and against which it carried back real estate
notes.  The Debtor also owns a property legally described as Lot
16, NCB 12117, Vogan Subdivision, in San Antonio, Texas -- valued
at $140,000, but subject to an owner carried note and deed of trust
in the amount of $70,000.  The later property produces no current
income, but is under contract right now to sell at a profit.  

The Debtor assures the Court that all of the collateral of the
secured lender is adequately insured against risk of loss, and that
there are no delinquent ad valorem taxes owed by the Debtor against
the properties.  Further, the Debtor's principal believes the
Debtor is current on its filings with the Internal Revenue
Service, and owes no unpaid federal income taxes.  As of the
petition date, the Debtor owes no unpaid wages to employees.  

Other than the Debtor's principal, the Debtor will schedule one
unsecured creditor, being Stellar Restoration Services, LLC -- the
entity that took a default judgment against the Debtor in the
amount of $276,300.  The Debtor will schedule Stellar's claim as
disputed, as the matter is currently on appeal.  However, the
Debtor will propose a plan of reorganization in this case that will
pay 100% of all allowed claims, including any claim of Stellar that
may be allowed pursuant to a final order.

The Debtor tells the Court that it can meet its ongoing
post-petition obligations only if it obtains authority for use of
cash collateral.  The Debtor has generated projections and believes
it is able to cash flow post-petition if it has the funds available
from or generated by its pre-petition cash collateral to pay its
post-petition expenses.   Thus, in order to continue operations as
normal and to preserve the value of the estate pending confirmation
of a plan of reorganization, the Debtor needs immediate authority
to use the cash collateral.

The Debtor proposes to provide adequate protection to the party
with an interest in cash collateral in this manner:

     a. providing for payment of TexStar's monthly debt service
        during the pendency of the case;

     b. granting a replacement lien to the same extent, priority
        and validity as its pre-petition lien:

     c. the Debtor will continue to operate its business in the
        ordinary course of business thus generating additional
        cash collateral; and

     d. the Debtor will maintain insurance upon the property
        giving rise to the cash collateral.

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

          http://bankrupt.com/misc/txwb17-51968-8.pdf

               About Marcantonio Enterprises LLC

Based in New Braunfels, Texas, Marcantonio Enterprises, LLC, is a
small business debtor as defined in 11 U.S.C. Sec. 101(51D).  The
Debtor is a single member limited liability corporation based in
New Braunfels, Texas, which is involved in the real estate
business.  The Debtor, through its sole member, acquires commercial
real estate to improve and rent to commercial tenants or to sell.

Marcantonio Enterprises sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D. Texas Case No. 17-51968) on Aug. 18,
2017.  Ralph M. Marcantonio, member, signed the petition.  

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

Judge Craig A. Gargotta presides over the case.

H. Anthony Hervol, Esq., at the Law Office of H. Anthony Hervol,
serves as the Debtor's bankruptcy counsel.


MARRONE BIO: Reports $7.4 Million Net Loss for Second Quarter
-------------------------------------------------------------
Marrone Bio Innovations, Inc., filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q reporting a
net loss of $7.38 million on $6.47 million of total revenues for
the three months ended June 30, 2017, compared to a net loss of
$6.78 million on $5.04 million of total revenues for the three
months ended June 30, 2016.

For the six months ended June 30, 2017, the Company reported a net
loss of $15.01 million on $10.63 million of total revenues compared
to a net loss of $16.05 million on $7.71 million of total revenues
for the same period a year ago.

As of June 30, 2017, Marrone Bio had $47.81 million in total
assets, $83.46 million in total liabilities and a total
stockholders' deficit of $35.65 million.

"We've continued our steadfast progress in the first half and
second quarter of 2017, and despite unfavorable weather that we
believe reduced the number of expected sprays in some of our key
markets -- based upon historical practices and use patterns by
growers -- we grew second quarter shipments by over 36% to $5.7
million," said Dr. Pam Marrone, CEO of MBI.  "This growth is
particularly impressive given the agricultural business for our
competitors was down more than 15%, on average, in the second
quarter of 2017.  We continue to enjoy growth above industry
average due to our portfolio approach to product development and
marketing, which focuses on addressing unmet market needs and
promotes significant opportunities for each of our products.

"We have also continued our highly-targeted R&D focus on near-term
and existing products, which is paying off significantly.  A few
recent highlights of our ongoing manufacturing improvement efforts
in R&D include a 4x improvement in Grandevo fermentation and an
estimated 40% reduction to downstream processing costs, as well as
increasing the production of Majestene's main nematicidal
component, all of which are being implemented as quickly as is
feasible to improve product margins.  It is these sorts of
breakthroughs that stand as a testament to our innovation, and when
combined with increasing sales and continuously improving in-house
manufacturing capabilities, we expect to drive margin improvements
in a meaningful way over the long-term."

Dr. Marrone, concluded: "Our brands are achieving recognition in
the market place -- both in U.S. and international markets -- which
has translated to increased sales as we market our solutions to
address the unmet pest and disease challenges of our customers."

Recent Operational Highlights

   * Executed the successful launch of Haven, an anti-transpirant
     and sun protectant, which has experienced initial demand from
     growers that is several times higher than MBI internal
     projections.  Haven has achieved improved quality and yields
     in targeted crops, such as tree nuts and tree fruit, and has
     also been found to reduce sun damage on berries, which is a
     new crop use for Haven.

   * Became master distributor for Jet Harvest Solutions for the
     organic Biofungicide/sanitizer, Jet-Ag, a product that
     complements our flagship fungicide, Regalia.

   * Achieved excellent field trial results with all of our
     products in key market regions in Latin America and Asia.
     Entered the African market through the first commercial
     shipment of our biofungicide, REYSANA, to Morocco for use by
     growers on tomatoes, grapes and cucurbits.  Reysana contains
     the same ingredients as Regalia Biofungicide, which is now
     marketed and sold in more than 10 countries worldwide.

   * Expanded the approvals of MBI products on multiple state
     listings for cannabis uses where those crops are authorized
     for medicinal or adult use.

   * Initiated new construction at MBI’s Marrone Michigan
     Manufacturing facility to begin manufacturing Grandevo WDG, a

     second-generation formulation, in the late fall, to will
     allow MBI to meet anticipated demand for this newly
     introduced product.

    * Completed, in conjunction with the U.S. Geological Survey,
      state agencies and local conservation organizations, a U.S.
      EPA Great Lakes Restoration Initiative-funded project that
      used Zequanox in an open water trial on Round Lake in
      Michigan.  The purpose of the study was to control invasive
      zebra and quagga mussels that have disrupted and degraded
      ecosystems throughout the United States, without harming
      native aquatic species or recreational activities.  Round
      Lake is a pilot for potential large-scale habitat
      restoration efforts on the Great Lakes.

    * Continued stellar efficacy trials of Stargus and Amplitude
     (MBI-110) Biofungicides, slated for U.S. EPA approval in the
      second half of 2017, against key crop diseases. Launch plans

      have been developed and finalized, with targeted placements
      with key growers scheduled in late fall.

    * Concluded a collaboration with strawberry industry leaders
      on field evaluations and demonstrations of Ennoble (MBI-
      601), a MBI-developed soil biofumigant that has gained U.S.
      EPA approval.  In field demonstrations, MBI-601 performed as

      well as a leading toxic chemical fumigant.

    * Progressed on development of MBI-014 (formerly 010), an
      organic bioherbicide that is on target for an EPA submission

      in the fourth quarter of 2017.

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

                   https://is.gd/feG8T1

                     About Marrone Bio

Marrone Bio makes bio-based pest management and plant health
products.  Bio-based products are comprised of naturally occurring
microorganisms, such as bacteria and fungi, and plant extracts.
The Company's current products target the major markets that use
conventional chemical pesticides, including certain agricultural
and water markets, where the Company's bio-based products are used
as alternatives for, or mixed with, conventional chemical products.
The Company also targets new markets for which (i) there are no
available conventional chemical pesticides or (ii) the use of
conventional chemical pesticides may not be desirable or
permissible either because of health and environmental concerns
(including for organically certified crops) or because the
development of pest resistance has reduced the efficacy of
conventional chemical pesticides.  All of the Company's current
products are approved by the United States Environmental Protection
Agency and registered as "biopesticides."

Marrone Bio reported a net loss of $31 million on $14 million total
revenues for the year ended Dec. 31, 2016, compared with a net loss
of $43.7 million on $9.8 million total revenue for the year ended
Dec. 31, 2015.  

Ernst & Young LLP issued a "going concern" qualification on the
consolidated financial statements for the year ended Dec. 31, 2016,
stating that the Company has incurred losses since inception, has a
net capital deficiency, and has additional capital needs that raise
substantial doubt about its ability to continue as a going concern.


MCAFEE LLC: Moody's Assigns B2 Corporate Family Rating
------------------------------------------------------
Moody's Investors Service assigned a B2 Corporate Family Rating to
first time issuer McAfee, LLC. Moody's also assigned a B1 to the
company's first lien debt facilities and a Caa1 to its second lien
facility. The proceeds from the credit facilities will be used to
refinance existing debt and fund a distribution to owners. McAfee
is owned by private equity firms TPG Capital and Thoma Bravo, and
Intel Corp. The ratings outlook is stable.

Ratings Rationale

The B2 Corporate Family Rating is weakly positioned in the rating
category and reflects McAfee's high initial leverage, lack of cash
equity in the capital structure, significant cost takeout program
and limited financial history as a stand-alone company. The credit
profile is supported by the company's leading position across the
consumer and enterprise endpoint security markets, track record of
steady revenue growth, Intel's ongoing ownership stake, an
expectation that leverage will improve towards 6.5x over the next
12-18 months and a solid liquidity position including strong cash
balances. McAfee has grown both its consumer and enterprise
business at moderate rates since 2014 and Moody's expects low to
mid-single digit growth rates over the next several years. The
majority of McAfee's sales come from its significant installed base
and reflect relatively strong renewal rates. Pro forma leverage at
closing is approximately 8.4x excluding certain one-time costs and
Intel corporate allocations (and over 16x including those items).
The sponsors have enacted a cost savings plan since the April 2017
acquisition, which combined with a favorable growth outlook has the
potential to drive leverage to 6.5x over next 12-18 months.

The dividend funded at close of the transaction effectively repays
all the private equity firms' initial equity contribution. The debt
at closing of $4.25 billion exceeds the $4.2 billion total
enterprise valuation implicit in TPG and Thoma Bravo's equity
purchase in September 2016. The market value of the equity is
likely substantial however, given the cost take-outs the sponsors
have initiated since taking control and current market valuations
for security software companies.

The ratings could be downgraded if revenues decline, the company
makes a debt financed acquisition or leverage is above 7x or free
cash flow to debt is below 5% on other than a temporary basis.
Though unlikely in the near term, the ratings could be upgraded if
leverage is sustained below 5x, free cash flow to debt exceeds 10%
and the owners are expected to maintain more conservative financial
policies.

Liquidity is very good driven by an estimated $250 million of cash
at closing, an undrawn $500 million revolver and expectations of
positive free cash flow over the next 12-18 months.

The following ratings were assigned:

Assignments:

Issuer: McAfee, LLC

-- Probability of Default Rating, Assigned B2-PD

-- Corporate Family Rating, Assigned B2

-- Senior Secured 1st lien Bank Credit Facilities, Assigned B1
    (LGD3)

-- Senior Secured 2nd lien Bank Credit Facility, Assigned Caa1
    (LGD6)

Outlook Actions:

Issuer: McAfee, LLC

-- Outlook, Assigned Stable

The principal methodology used in these ratings was Software
Industry published in December 2015.

McAfee is a leading security software provider to consumer and
corporate customers. The company headquartered in Santa Clara, CA
had revenues of $2.4 billion for the twelve months ended June 2017.
Private equity sponsors TPG Capital and Thoma Bravo own
approximately 51% of the company. The sponsors acquired a
controlling interest in April 2017 from Intel Corp, which currently
holds a 49% stake. Intel acquired the company in 2010.


MCAFEE LLC: S&P Assigns 'B' Corp. Credit Rating, Outlook Stable
---------------------------------------------------------------
S&P Global Ratings assigned its 'B' corporate credit rating to
Santa Clara, Calif.-based McAfee LLC. The rating outlook is
stable.

S&P, "At the same time, we assigned our 'B' issue-level rating and
'3' recovery rating to McAfee's $4 billion first-lien credit
facilities, which consist of a $500 million five-year revolving
credit facility and a $3.5 billion seven-year term loan. 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 'B-' issue-level rating and '5' recovery
rating to the company's $750 million second-lien term loan. The '5'
recovery rating indicates our expectation for modest recovery
(10%-30%; rounded estimate: 15%) of principal in the event of a
payment default.

The 'B' corporate credit rating is based on the firm's considerably
high leverage (which S&P estimates at nearly 8x at transaction
close, factoring in adjustments for historically allocated Intel
overhead expenses), weak profit margins for a software vendor with
over $2 billion in revenue, and challenging industry dynamics in
core endpoint security products. S&P views the company's position
as the second-largest global provider of security software, recent
market share gains in consumer markets, and respectable recurring
revenue base as credit strengths.

S&P said, "The stable outlook on McAfee is based on our expectation
that ongoing margin expansion and low-single-digit revenue growth
will enable the firm to reduce leverage to the low-7x area by the
end of 2018. Although we believe that McAfee has considerable room
to improve EBITDA margin, meaningful restructuring costs will limit
margins to the low-20% area over the next 12 months, and we do see
appreciable execution risk from headcount reductions in sales and
marketing functions.

S&P said, "We would consider lowering the rating if disruption from
separation and restructuring efforts leads to declining revenues or
stagnant margins, and leverage remains over 8.0x. Increased
competition from new entrants or a reversal of recent share gains
in consumer security could also lead to a downgrade.

"Although unlikely over the next 12 months due to McAfee's high
initial leverage and financial sponsor ownership, we would consider
an upgrade over the longer term if the firm is able to sustain
recent revenue growth momentum, grow EBITDA margins to over 25%,
lower leverage to under 6x on a sustained basis, and reduce the
share of financial sponsor ownership."


MCCLATCHY CO: Contrarius Owns 2.67% of Class A Shares as of Aug. 31
-------------------------------------------------------------------
Contrarius Investment Management Limited and Contrarius Investment
Management (Bermuda) Limited reported in a Schedule 13G/A filed
with the Securities and Exchange Commission that as of Aug. 31,
2017, they beneficially own 138,441 shares of Class A common stock
of The McClatchy Company, which constitutes 2.67 percent of the
shares outstanding.

Contrarius Investment Management Limited is a company organized
under the laws of Jersey, Channel Islands.  Contrarius Investment
Management (Bermuda) Limited is a company organized under the laws
of Bermuda.  Contrarius Investment Management Limited and
Contrarius Investment Management (Bermuda) Limited are together
making the filing because they may be deemed to constitute a
"group" for the purposes of section 13(d)(3) of the Securities
Exchange Act of 1934, as amended.

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

                      https://is.gd/oadWyP

                         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 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.

                          *     *     *

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.


MERRIMACK PHARMACEUTICALS: Effects a 1-for-10 Reverse Stock Split
-----------------------------------------------------------------
Merrimack Pharmaceuticals, Inc., filed a Certificate of Amendment
to the Company's Restated Certificate of Incorporation with the
Secretary of State of the State of Delaware on Sept. 5, 2017, which
effected as of 5:00 p.m., Eastern Time, on the Effective Date a
one-for-ten reverse stock split of the Company's issued and
outstanding common stock, $0.01 par value per share.

As a result of the Reverse Split, every ten shares of Common Stock
issued and outstanding was converted into one share of Common
Stock, reducing the number of issued and outstanding shares of
Common Stock from approximately 132.8 million shares to
approximately 13.28 million shares.  No fractional shares were
issued in connection with the Reverse Split.  Stockholders who
would otherwise be entitled to a fractional share of Common Stock
are instead entitled to receive a proportional cash payment.

The Certificate of Amendment also proportionately reduced the
number of authorized shares of Common Stock from 200 million to 20
million.  The Reverse Split did not change the par value of the
Common Stock.  The Reverse Split did not change the number of
authorized shares or par value of the Company's preferred stock, of
which there are no shares issued or outstanding.  All outstanding
stock options and convertible notes entitling their holders to
purchase shares of Common Stock or acquire shares of Common Stock
upon conversion, as the case may be, will be adjusted as a result
of the Reverse Split, as required by the terms of these
securities.

As previously disclosed in a Current Report on Form 8-K filed on
Aug. 14, 2017, at the Company's 2017 Annual Meeting of Stockholders
held on Aug. 11, 2017, the stockholders of the Company voted to
approve the Certificate of Amendment.  The Board of Directors of
the Company previously approved and authorized the filing of the
Certificate of Amendment following its approval by the
stockholders.

Trading of the Company's Common Stock on the NASDAQ Global Market
on a Reverse Split-adjusted basis began at the opening of trading
on Sept. 6, 2017.

                         About Merrimack

Cambridge, Mass.-based Merrimack Pharmaceuticals, Inc., is a
biopharmaceutical company discovering, developing and preparing to
commercialize innovative medicines consisting of novel therapeutics
paired with companion diagnostics.  The Company's initial focus is
in the field of oncology.  The Company has five programs in
clinical development.  In it most advanced program, the Company is
conducting a pivotal Phase 3 clinical trial.

Merrimack reported a net loss of $153.5 million on $144.3 million
of total revenues for the year ended Dec. 31, 2016, compared to a
net loss of $147.8 million on $89.25 million of total revenues for
the year ended Dec. 31, 2015.

As of June 30, 2017, Merrimack had $213.45 million in total assets,
$108.97 million in total liabilities and $106.50 million in total
stockholders' equity.

PricewaterhouseCoopers LLP, in Boston, Massachusetts, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2016, noting that the
Company has negative working capital and cash outflows from
operating activities that raise substantial doubt about its ability
to continue as a going concern.


MGM RESORTS: Moody's Revises Outlook to Pos. & Affirms Ba3 CFR
--------------------------------------------------------------
Moody's Investors Service revised MGM Resorts International's (MGM)
rating outlook to positive and affirmed the company's Ba3 Corporate
Family Rating, Ba3-PD Probability of Default rating and SGL-1
rating. Additionally, Moody's upgraded MGM's senior unsecured
rating to Ba3 reflecting the limited amount of secured debt in the
capital structure.

MGM announced it has reached an agreement to sell National Harbor
to MGM Growth Properties, LLC for approximately $1.188 billion. As
of 6/30/17, pro-forma for the proposed transaction structure, MGM's
consolidated debt will decline by another $55M on top of the $475M
redemption in July of the company's 11.375% bonds due 2018
resulting in improvement in credit metrics.

The change in outlook reflects improvement in both consolidated and
restricted group leverage and coverage due to EBITDA growth and net
debt reduction. Consolidated Moody's adjusted debt/EBITDA dropped
to 5.1x as of LTM 6/30/17 from 5.8x at year-end 2016 and
EBIT/interest improved to 2.1x from 1.8x over the same period. For
full year 2017, Moody's expects consolidated debt/EBITDA to decline
slightly to 4.9x as higher debt levels to support construction in
China is offset by core EBITDA growth. On a restricted group basis,
pro-forma gross debt/EBITDA improves from 4.2x to 3.6x and the
EBITDA/fixed charges (cash interest plus rent) will increase to
2.0x from 1.8x.

MGM also announced a $1.0 billion share repurchase authorization
that Moody's expects the company will execute over an indeterminate
time period from a combination of free cash flow and asset sale
proceeds. Over the next year, proceeds from sale of National Harbor
plus free cash flow (excluding non-recourse China operations) will
be more than sufficient to cover maintenance and development
spending (Springfield, MA) and modest share repurchases under the
new authorization.

Upgrades:

Issuer: MGM Resorts International

-- Multiple Seniority Shelf, Upgraded to (P)Ba3 from (P)B1

-- Senior Unsecured Regular Bond/Debenture, Upgraded to Ba3(LGD4)

    from B1(LGD4)

Outlook Actions:

Issuer: MGM Resorts International

-- Outlook, Changed To Positive From Stable

Affirmations:

Issuer: MGM Resorts International

-- Probability of Default Rating, Affirmed Ba3-PD

-- Speculative Grade Liquidity Rating, Affirmed SGL-1

-- Corporate Family Rating, Affirmed Ba3

RATINGS RATIONALE

MGM'S Ba3 Corporate Family rating reflects the company's large
scale, diversified presence on the Las Vegas Strip across multiple
customer segments, solid position within several regional markets,
and improving operating conditions domestically and in Macau. The
ratings also incorporate the company's commitment to reaching and
then maintaining consolidated net debt/EBITDA around 3.0x; this
target roughly translates to 4.0x on a Moody's adjusted basis.
Ratings consider MGM's concentration in Las Vegas (approximately
63% of consolidated 2016 EBITDA), exposure to the Macau gaming
market that has experienced volatility in recent years as well as
significant supply expansion and the ramp-up risk for MGM Cotai
(opening in late 2017) and in Springfield, MA in late 2018. Moody's
also expects MGM will actively pursue other large integrated resort
development projects (e.g. Japan) that would require significant
equity investment and debt to finance construction.

Ratings could be upgraded if: Consolidated debt/EBITDA is sustained
below 5.0x, fixed charge coverage remains above 2.0x; the company
maintains sufficient liquidity to support both recourse and
non-recourse subsidiaries; operating results of MGM China
operations, including MGM Cotai, track to estimated levels, and
share repurchases are funded with asset sale proceeds or cash on
hand rather than debt.

Ratings could be downgraded if consolidated gross debt/EBITDA is
sustained above 6.0x, if EBITDA/fixed charges declines below 1.75x
or the company deviates materially from its financial policy
goals.

The principal methodology used in these ratings was Global Gaming
Industry published in June 2014.

MGM owns and operates the Bellagio and MGM Grand located on the Las
Vegas Strip in Nevada. The company is developing MGM Springfield in
Massachusetts. MGM owns approximately 56 percent of MGM China
Holdings Limited, which owns the MGM Macau resort and casino and is
developing a gaming resort in Cotai. MGM also owns 50 percent of
CityCenter in Las Vegas and approximately 73% of MGM Growth
Properties (MGP), a real estate investment trust formed in April
2016. Consolidated net revenues for the LTM period ended June 30,
2017 were approximately $10.3 billion.


MONEY CENTERS: J. Walsh Loses Bid to Dismiss Suit
-------------------------------------------------
Judge Christopher S. Sontchi of the U.S. Bankruptcy Court for the
District of Delaware denied Defendant Jason Walsh's motion to
dismiss the First Amended Complaint brought by Maria Aprile
Sawczuk, the Chapter 7 Trustee of the Liquidating Trust of Money
Centers of America, Inc. and Check Holdings, LLC. The Complaint
alleges breach of fiduciary duty, aiding and abetting breach of
fiduciary duty, corporate waste, conversion, recovery of avoidable
transfers, and equitable subordination.

The Court finds that the Trustee's Complaint sufficiently alleged
that Walsh perpetrated fraudulent transfers through conduct "of the
kind" specified in sections 523(a)(2) and (a)(4) in order to
withstand a motion to dismiss. The Complaint alleges among other
examples, that Walsh engaged in conduct such as "transferr[ing] MCA
funds to his personal bank account in excess of the compensation
due to him from MCA and used MCA funds to pay personal credit card
bills;" in coordination with Wolfington, "wrongfully divert[ed]
more than $2 million from MCA accounts to side businesses they
created, owned, and controlled;" and allegations of fact that
"Walsh caused MCA funds to be diverted to his Insider Real Estate
Entities in the midst of a deepening international financial crisis
and a severe downturn in the U.S. real estate market," specifically
while MCA was insolvent.

The Court has concurrent jurisdiction to determine the
dischargeability of the Trustee's claims. Furthermore, the Court
finds that the Trustee has sufficiently alleged facts demonstrating
that Walsh’s conduct of the kind specified under sections
523(a)(2) and (a)(4), and the Trustee has met the burden under
12(b)(6) to survive Walsh's motion to dismiss. For the
aforementioned reasons, Walsh's motion to dismiss is denied.

A full-text copy Judge Sontchi's Opinion dated Sept. 8, 2017, is
available at:

     http://bankrupt.com/misc/azb14-10603-510.pdf

Counsel for Defendant:

     Erin K. Brignola
     COOPER LEVENSON, P.A.
     30 Fox Hunt Drive
     Bear, DE 19701
     ebrignola@cooperlevenson.com

Counsel for the Liquidating Trust:

     Maria April Sawczuk
     GOLDSTEIN & McCLINTOCK, LLLP
     1201 North Orange Street, Suite 7380
     Wilmington, DE 19801
     marias@restructuringshop.com

              -and-

     Robert S. Michaels
     111 W. Washington Street, Suite 1221
     Chicago, IL 60602
     robm@goldmclaw.com

                  About Money Centers

Headquartered in King of Prussia, Pa., Money Centers of America
Inc. (OTC BB: MCAM.OB) -- http://www.moneycenters.com/-- provides
cash access services to the gaming industry.  The company delivers
ATM, credit card advance, POS debit card advance, check cashing
services and CreditPlus marker services on an outsourcing basis to
casinos.  The company also licenses its OnSwitch(TM) transaction
management system to casinos so they can operate and maintain their
own cash access services, including the addition of merchant card
processing.  

Money Centers filed a Chapter 11 petition (Bankr. D. Del. Case No.
14-10603) on March 21, 2014, in Trenton, New Jersey.  Kevin Scott
Mann, Esq., at Cross & Simon, LLC, in Wilmington, in Delaware,
serves as counsel to the Debtor.  The Debtor estimated up to $1
million to $10 million in both assets and liabilities.  The
petition was signed by Christopher Wolfington, Chairman & CEO.


MONUMENT SECURITY: Hires Campbell Taylor as Accountant
------------------------------------------------------
Monument Security, Inc., seeks authority from the U.S. Bankruptcy
Court for the Eastern District of California to employ Campbell
Taylor & Company, as accountant to the Debtor.

Monument Security requires Campbell Taylor to:

   a. prepare necessary tax returns and supporting schedules; and

   b. provide tax consulting services which includes, estimated
      tax calculations, significant bookkeeping services, state
      nexus research, state apportionment calculations, other tax
      research, and yearend tax planning.

Campbell Taylor will be paid at these hourly rates:

     Partner                      $411
     Senior Manager               $309
     Manager                      $265
     Senior Associate             $171
     Associate                    $123

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

To the best of the Debtor's knowledge 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.

Campbell Taylor can be reached at:

     Campbell Taylor & Company
     3741 Douglas Blvd, Suite 350
     Roseville, CA 95661
     Tel: (916) 929-3680

              About Monument Security, Inc.

Monument Security, Inc., was formed in 1995, and operates a
security services business in California, Nevada, Arizona,
Colorado, Georgia, Florida, Indiana, Louisiana, Maryland, Missouri,
New Jersey, New York, Ohio, Oregon, Texas, Utah, Washington, and
Wyoming.  It also subcontracts work to other security providers in
Alaska, Arizona, New Mexico and North Carolina.  The business had
been successfully run by Scott McDonald for many years and
regularly employs more than 1000 employees.

Monument Security filed a Chapter 11 petition (Bankr. E.D. Cal. No.
17-20689) on Feb. 1, 2017. Michael Bivians, CEO, signed the
petition. At the time of filing, the Debtor disclosed total assets
of $2.82 million and total liabilities of $3.11 million.

The case is assigned to Judge Robert S. Bardwil.

The Debtor is represented by Matthew R. Eason, Esq., and Kyle K.
Tambornini, Esq., at Eason & Tambornini.


MOUNTAIN CREEK: Hires Acacia as Special Financial Advisor
---------------------------------------------------------
Mountain Creek Resort, Inc., et al., seek authority from the U.S.
Bankruptcy Court for the District of New Jersey to employ Acacia
Financial Group, Inc., as special financial advisor to the
Debtors.

Mountain Creek requires Acacia to:

   -- review bond documents, service agreements, debt schedules
      and other material necessary to gain an understanding of
      the outstanding bonds and obligation of the Debtors to
      Vernon Township and Sussex County Municipal Utilities
      Authority (SCMUA);

   -- prepare the debt restructuring scenarios of the applicable
      bonds to determine how much debt service relief might be
      possible based on current market conditions, available
      municipal bond products, and applicable bond and tax laws;

   -- provide insight and guidance regarding the debt issuance
      process; and

   -- attend meetings and conference calls as necessary.

Acacia will be paid at these hourly rates:

     Co-President/Managing Director               $325
     Senior Vice President/Vice President         $275
     Assistant Vice President/Associate           $225
     Analyst                                      $200

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

Joshua Nyikita, managing director of Acacia Financial Group, Inc.,
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.

Acacia can be reached at:

     Joshua Nyikita
     Acacia Financial Group, Inc.
     6000 Midlantic Drive, Suite 410 North
     Mt. Laurel, NJ 08054
     Tel: (856) 234-2266
     Fax: (856) 234-6697

                About Mountain Creek Resort, Inc.

Mountain Creek Resort Inc. owns and operates the Mountain Creek
Resort, a four-season resort located in Vernon, New Jersey. The
Resort is the New York/New Jersey Metro area's closest ski resort
with 167 skiable acres on four mountain peaks, 1,040 vertical feet,
46 trails, and 11 lifts. The Resort also operates and manages the
Appalachian Hotel and the Black Creek Sanctuary townhomes.

Mountain Creek Resort, Inc., and five affiliated debtors filed
voluntary petitions for relief under Chapter 11 of the Bankruptcy
Code (Bankr. D.N.J. Lead Case No. 17-19899) on May 15, 2017. The
cases are pending before the Honorable Judge Stacey L. Meisel, and
jointly administered.

Mountain Creek estimated $10 million to $50 million in assets and
debt.

The Debtors hired Lowenstein Sandler LLP as bankruptcy counsel;
Houlihan Lokey Capital, Inc., as business consultant and investment
banker; and Prime Clerk LLC as claims and noticing agent. Acacia
Financial Group, Inc., as special financial advisor.

On May 24, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  Trenk, DiPasquale,
Della Fera & Sodono, P.C., represents the committee as bankruptcy
counsel.


MRC GLOBAL: S&P Affirms 'B' Corp. Credit Rating, Outlook Stable
---------------------------------------------------------------
S&P Global Ratings affirmed its 'B' corporate credit rating on
Houston-based MRC Global (US) Inc. The outlook is stable.

S&P said, "We also raised our issue-level rating on the company's
senior secured term loan to 'B+' from 'B'. The recovery rating is
'2', reflecting our expectation for substantial (70%-90%; rounded
estimate: 75%) recovery in the event of a payment default.

"The outlook revision on MRC Global incorporates our view that the
proposed refinancing has eliminated our previous capital structure
concerns and that the company's improved operating performance will
produce credit metrics commensurate with the rating over the next
12 months. We expect MRC to continue to benefit from an improved
energy market, which should be supported by higher U.S. rig count.

"The stable outlook incorporates our view that MRC will maintain
credit metrics commensurate with the rating over the next 12
months. We expect the company to produce adjusted debt to EBITDA of
4x-4.5x and funds from operations (FFO) to debt of 17%-19% over the
next 12 months.

"We could consider an upgrade in the next 12 months if MRC is able
to execute its plan for continued improved operating performance,
which could likely be predicated on energy prices being sustained
near, or above, current prices. This could result in adjusted debt
to EBITDA below 4x or FFO to debt above 20% on a sustained basis.

"We consider a downgrade in the next 12 months to be unlikely.
However, we could consider a downgrade if drilling activity in
North America decreased significantly, which we expect would have
an adverse impact on MRC's operating performance. We could also
consider a negative rating action if MRC completed a large
debt-financed acquisition. Either of these scenarios could result
in adjusted debt to EBITDA above 5x or FFO to debt below 10% on a
sustained basis."


MRI INTERVENTIONS: Terminates Registration of Unsold Securities
---------------------------------------------------------------
MRI Interventions, Inc., filed with the Securities and Exchange
Commission on Sept. 30, 2016, a registration statement on Form S-1
(File No. 333-213896), which was originally declared effective by
the SEC on Oct. 11, 2016, and was subsequently amended by a
post-effective amendment no. 1 to such registration statement filed
by the Company with the SEC on July 7, 2017, and declared effective
by the SEC on July 19, 2017.  The Registration Statement registered
the resale of 1,589,580 shares of common stock of the Company,
consisting of 821,000 outstanding shares of common stock and
768,580 shares of common stock issuable upon the exercise of
outstanding warrants, by certain selling securityholders.

The Company has no further obligation to maintain effectiveness of
the Registration Statement.  In accordance with an undertaking made
by the Company in the Registration Statement to remove by means of
a post-effective amendment any securities that remain unsold at the
termination of the offering, the Company filed a post-effective
amendment No. 2 to the Registration Statement on Sept. 6, 2017, to
terminate the effectiveness of the Registration Statement and to
remove from registration all securities registered but not sold
under the Registration Statement.

                   About MRI Interventions

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

MRI Interventions incurred a net loss of $8.06 million for the year
ended Dec. 31, 2016, compared to a net loss of $8.44 million for
the year ended Dec. 31, 2015.  

As of June 30, 2017, MRI Interventions had $16.85 million in total
assets, $8.32 million in total liabilities and $8.52 million in
total stockholders' equity.

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


MWM & SONS: 7750 Annapolis Buying All Assets for $1.6M
------------------------------------------------------
MWM & Sons, Corp., asks the U.S. Bankruptcy Court for the District
of Maryland to authorize the sale of (i) real property located at
7750 Annapolis Road Lanham, Maryland; and (ii) all or substantially
all of property 7750 Annapolis, LLC for $1,625,000, subject to
overbid.

Objections, if any, must be filed no later than 21 days for the
date of the notice.

The Property consists of two separate buildings.  On the front side
of the dividing line is the gas station, a convenience store and a
repair shop known as the "Leased Property."  Behind the dividing
line there is a body shop known as the "Non-Leased Property."  The
Bhatti Bros. were to have a tenancy and access to the Leased
Property and no tenancy or access to the Non-Leased Property.
However, the Bhatti Agreement still representing a pro se effort by
two parties determined not to rely on counsel, was bereft of
clarity in many respects.  With some attempts to resolve open
issues in the pleading submitted, the Bhatti Agreement was
submitted to the Court with the Amended Motion to Assume Unexpired
Lease containing such terms, on November 2014, and the Order itself
approving same, which was entered after hearing on March 2015.

The scheduled value of the Property is $1,500,000 which is the
value set by the Debtor after reviewing various sources of
valuation from multiple sources; but has been supplemented now by
rising market prices and the Debtor's testimony as owner that the
Property is worth $2.2 million to $2.5 million.  The SDAT valuation
of the Property is $946,700 as of January, 2017.

The Debtor filed the Chapter 11 case on Dec. 2, 2016, in order to
facilitate the sale free and clear of real property; namely, a gas
station and repair facility, that is burdened by numerous and
overlapping claims and interests.  The background of these disputes
is complex and this is a sale of all or substantially all of the
assets of the Debtor.  

The bankruptcy case followed a prior Chapter 11 case which was
pending between 2013 and 2016, in which prior case the Debtor
successfully was able to reject a dealership agreement with Sunoco;
gained approval of a new dealership with Citgo; and resolved
disputes with a former tenant/interest holder; namely, Bhatti,
Faisal Bhatti, and Idrees Bhatti ("Bhatti Bros") while creating a
further detailed but unwieldy Court approved agreement.  

However, the Debtor was unable to obtain approval for its
reorganization in the prior case.  This arose because of the
difficulties encountered with required debt service to TD Bank, NA,
its secured lender; disputes involving other claims; and ultimately
because of the inability of Moin Ahmad to timely and successfully
regain his inspection certificate which was a requirement to aid in
funding the Plan.  The first case was dismissed in early 2016 to
give the Debtor an opportunity outside of bankruptcy to resolve its
financial troubles by a sale of the real property and/or by leasing
it as was then authorized to the two tenants Bhatti Bros. and Mr.
Abdelgalil Morsal Morsal.

Between early 2016 and the December, 2016 petition date, the Debtor
went through at least four potential buyers.  Following in the
footsteps of Babar Ifikhar, Zahid Feroze and Petroleum Marketing
Group, Inc. ("PMG"), came Meir Duke, principal of the Buyer,
notified the counsel for the Debtor on Sept. 5, 2017 that he wished
to purchase the Property in cash for $1,625,000.  A contract was
provided today after adjustments, signed by Mr. Duke.  The Contract
is substantially similar to that of PMG, but is changed for
context.  

The present Contract with the Buyer does not contain any brokerage
commission and there was no realtor who was a procuring cause for
it.  It does not contemplate a formal separate bidding structure;
but rather allows third parties to advance their bidding through
$100,000 increments following various events by 10 days.

The Contract provides for a sale of the Property by the Debtor to
the Purchaser for $1,625,000.  The Purchaser has placed a good
faith deposit of $25,000 in escrow with Mark Devan, Esq., the
counsel for the Purchaser.  Here, the Property means the real
property, and improvements and includes the equipment/inventory
that will pass along with the sale per the Contract, and good will
is being sold (such as the telephone number).  No assets are
excluded.  The sale is free and clear of all liens, leases, claims,
encumbrances or interests, and will satisfy all real property tax
liens, mortgage liens, attorney charging liens by statute, with any
surplus paid in the order of priority.

The Buyer will pay the purchase price at closing for all of the
assets, with application of the deposit to the purchase price at
$25,000 for a remainder of $1,600,000.  The Buyer has required that
approval of the Contract by the Court occurs by Nov. 30, 2017
otherwise the Contract will be released by both parties and the
deposit returned.  A title contingency exists whereupon the Buyer
may notify the Debtor at or prior to closing of any material title
issues and the Contract provides for a means to resolution of those
issues or a cancellation of the Contract if the problems cannot be
resolved within the terms of that provision.

The Debtor (i) must be in good standing as a body corporate; (i)
has authority to enter into the Contract for sale free and clear,
or have approval of the Court; and (iii) has a series of compliance
checks such as operating under valid permits and does not have any
litigation pending against it other than the Chapter 11 case which
would have an adverse impact on the Buyer's intended use of the
Property.  Environmental terms are set forth in the Contract which
require appropriate permits and compliance with applicable laws.

The Debtor is obligated to comply with termination of the Bhatti
Bros. rights whatever they may be; the PMG Agreement, and the
Morsal Lease.  The Debtor had previously withdrawn the Motion to
Reject the PMG Agreement (executory contract) because it was
inconsistent with the sale approval sought thereby under the PMG
Contract for sale of the Property, and if the Debtor was going to
consummate that Contract after approval through a Plan, the Plan
itself will assume the PMG Agreement, and if not, then the Plan
will reject the PMG Agreement.  This remains germane because PMG
may still exercise its right of first refusal as to the present
Contract, which if unrebutted by this Buyer or any third party,
would require the Debtor to close on the PMG Contract, as revised
for a matching purchase price of $1,625,000 or higher as
circumstances may present.  If PMG fails to exercise a right of
first refusal or a higher offer within stated parameters for the
purchase of this Property, then a Motion for Rejection of PMG
Executory Contract will be filed.  The Debtor intends to seek a
7-day window for PMG to exercise the right of first refusal, if it
is to be executed.

The Debtor is to file appropriate Court documents to seek the
rejection or other conclusion of these parties in interest
potential rights in the case and the Property.  The Debtor and the
Buyer have provisions as to ongoing litigation, and in particular
one issue that has arisen is a Motion for Relief From Stay by TD
Bank which could negatively impact the purchase of this Property by
the Buyer from the Seller.  TD Bank has been placed on notice of
this.  Further, there is approximately $84,000 in unpaid real
property taxes that need to be paid, with interest from the sale
proceeds.

There are a number of conditions including title, rejection of the
rights of Bhatti Bros.; PMG Agreement and the Morsal lease.  There
is no further bidding motion to set procedures for a "stalking
horse" auction before the Court as this process has not been
productive.  The Closing will occur 60 days after an Order
confirming the Debtor's Plan which will attempt to exclude transfer
taxes and stamp taxes from the transaction, and there is some
obligation for a further extension for 30 days if required.  The
Debtor has an obligation to employ a real estate attorney to
prepare a special warranty deed and a bill of sale for Buyer.

All settlement charges, taxes and utilities will be pro-rated as of
the date of settlement as is customary.  The Debtor has duties to
continually operate and not abandon the business during the course
of the sale.  There is no brokerage fees or engagement in this sale
to the Buyer.  This produces a $113,750 benefit to the estate above
and beyond any contracts procured by NAI Michaels (ie; Lanham
Petroleum, LLC and Bass Properties, Inc. and a subsidiary of PEPCO)
wherein Debtor had agreed to a 7% commission to NAI Michaels.  NAI
Michaels' engagement has expired in the early Spring of 2017
without renewal.  This does not preclude Bass Properties or Lanham
Petroleum or the subsidiary of PEPCO being brought to submit a bid
this Contract.  

Should such specified entities bid and obtain the highest and best
offer, NAI Michaels may seek allowance of commission by fee
application; but NAI Michaels has no commission to the extent the
Buyer purchases the Property, or any other entity than those three
identified above that attach to NAI Michaels.

The Debtor has agreed with Buyer to $100,000 increments to the
Contract or any successor to the Contract as the price continues to
rise, or is met by right of first refusal exercise by PMG.  There
is no break up feet, nor will any subsequent contract contain such
a feature because the sale process will be finalized as to the
buyer before any due diligence is completed.  There is no
employment of Moin Ahmad or any splitting of inspections revenue as
was tied to the Lanham Petroleum contract.

According to the Motion for Relief From Stay filed by TD Bank, NA,
the payoff as of December 2016 was $1,136,422.35.  A payoff
effective as of the contemplated closing date of September 2017 (or
even the present) has been requested, but not received.  A per diem
has likewise been requested of TD Bank.  An Objection to Claim may
exist against TD Bank which may reduce the payoff by $100,000 or
more, and would require filings in the Circuit Court for Prince
George's County, Maryland.  Other actions by offset may exist
against TD Bank for tortious interference with contract that may be
of indeterminate present value.  Prince George's County holds a tax
claim of approximately $84,000.  The counsel for the Debtor holds a
charging lien pursuant to Maryland law at present of approximately
$87,911 above retainers provided, without effect to out of pocket
costs.  The transfer taxes are likely to be waived, and closing
costs otherwise are minimal.  It is unknown the amount of allowed
claims given the Bhatti Bros. claims are in dispute.

The Debtor's counsel will be filing shortly a first and final fee
application, and anticipates fees in excess of $90,000 or likely
more from the sale proceeds.  Its accountant Alan Stokes will need
supply information concerning his administrative expenses (last
checked being $2750; however, these undoubtedly have risen).
Further, the United States Trustee quarterly fees will have to be
paid from operations and the Debtor is to sustain those payments
timely.

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

      http://bankrupt.com/misc/MWM_&_Sons_180_Sales.pdf

The PMG can be reached at:

          Ejtemai Abdolhossein
          President
          PETROLEUM MARKETING GROUP, INC.
          12680 Darby Brook Court
          Woodbridge, VA 22192

TD Bank can be reached at:

          Bharat Masrani, President
          TD BANK, NA
          336 Route 70 East; 2nd Floor
          Marlton, NJ 08053

TD Bank is represented by:

          Jon Levine, Esq.
          LEVINE & ASSOC. PLLC
          5311 Lee Highway
          Arlington, VA 22207

The Tenant:

          Mr. Abdelgalil Morsal
          t/a REMA AUTOBODY
          9924 E. Franklin Avenue
          Glenndale, MD 20769

The Purchaser:

          Meir Duke, Managing Member
          ANNAPOLIS 7750, LLC
          11421 Cronhill Drive, Ste G
          Owings Mills, MD 21117

The Purchaser is represented by:

          Mark S. Devan, Esq.
          THE ALBA LAW GROUP, P.A.
          11350 McCormick Road, Ste 200
          Executive Plaza III
          Hunt Valley, MD 21031
          Telephone: (443) 541-8600 x 8545
          Facsimile: (410) 296-2131
          E-mail: mdevan@albalawgroup.com

                      About MWM & Sons

MWM & Sons Corporation filed a Chapter 11 bankruptcy petition
(Bankr. D.MD. Case No. 16-25851) on Dec. 2, 2016.  In its petition,
the Debtor estimated $1 million to $10 million in both assets and
liabilities.  The petition was signed by Moin M. Ahmad, president.
The Hon. Wendell I. Lipp presides over the case.  The Burns Law
Firm is the Debtor's counsel.  Weil, Akman, Baylin & Coleman, PA,
is the Debtor's accountant.




NAVISTAR INTERNATIONAL: Posts $37M Net Income in Third Quarter
--------------------------------------------------------------
Navistar International Corporation filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q reporting net
income attributable to the Company of $37 million on $2.21 billion
of net sales and revenues for the three months ended July 31, 2017,
compared to a net loss attributable to the Company of $34 million
on $2.08 billion of net sales and revenues for the three months
ended July 31, 2016.

For the nine months ended July 31, 2017, Navistar reported a net
loss attributable to the Company of $105 million on $5.97 billion
of net sales and revenues compared to a net loss attributable to
the Company of $63 million on $6.04 billion of net sales and
revenues for the nine months ended July 31, 2016.

As of July 31, 2017, Navistar had $6.08 billion in total assets,
$11 billion in total liabilities and a total stockholders' deficit
of $4.92 billion.

Third quarter 2017 EBITDA was $160 million, versus EBITDA of $96
million in the same period one year earlier.  The third quarter of
2017 included $34 million in adjustments, including a $31 million
charge for a legacy engine litigation matter, $6 million of
pre-existing warranty charges, and $3 million net benefit in asset
impairments and restructuring costs.  Excluding these items,
adjusted EBITDA was $194 million in the third quarter of 2017,
compared to $132 million in the same period one year ago.

Revenues in the quarter were $2.2 billion, up 6% from the same
period one year ago, primarily due to an increase in Truck segment
volumes.

"We returned to profitability this quarter thanks to strong
operational performance across the board, highlighted by a
15-percent increase in chargeouts and solid market share gains amid
flat industry conditions, and strengthening margins," said Troy A.
Clarke, Navistar chairman, president and chief executive officer.
"We also moved ahead with new products and solutions that position
us well for ongoing growth, while continuing to restructure our
business to improve our future competitiveness."

Navistar ended third quarter 2017 with $973 million in consolidated
cash, cash equivalents and marketable securities.  Manufacturing
cash, cash equivalents and marketable securities were $923 million
at the end of the quarter.

The Company had a number of commercial and product highlights
during its third quarter, starting with the first customer
shipments of the LT Series and RH Series on-highway products with
the company's new A26 12.4-liter engine.  Internal testing shows
that with this new engine, these vehicles are delivering up to 9
percent in fuel economy improvement over the comparable models
built only a year ago.

In the school bus segment, the Company moved forward with multiple
improvements and innovations that set up future share gains.  These
include the Company's well-received propane model and introduction
of the Cummins L9 product in the RE Series bus.  IC Bus's
gasoline-powered school bus is coming in 2018.  The company also
announced a strategic relationship with Edulog, a leading provider
of student transportation planning and scheduling software
solutions.  Through integration with our OnCommand Connection
telematics system, the resulting new solutions will deliver a
powerful combination of uptime and on-time to the school bus
market.

Additionally, OnCommand Connection introduced its own OnCommand
Connection Telematics Solution, a new entry positioned to provide
major value to the roughly 70 percent of the smaller-fleet market
that does not currently use telematics.  This Telematics solution
is integrated with the company's Advanced Remote Diagnostics and
its new Electronic Driver Log, which addresses the federal Hours of
Service mandate that takes effect this December.

The Company's alliance with Volkswagen Truck & Bus is moving
forward as planned.  The two companies are finding significant
opportunities to leverage their combined scale through their
procurement joint venture, while also pursuing technology
collaboration on a number of fronts.

The Company reiterated its 2017 guidance:

   * Retail deliveries of Class 6-8 trucks and buses in the United
States and Canada are forecast to be in the range of 305,000 units
to 335,000 units for fiscal year 2017.

   * Full-year 2017 revenues are expected to be similar to 2016.

   * Full-year 2017 adjusted EBITDA is expected to be higher than
     2016.

   * Fiscal year end 2017 manufacturing cash is expected to be
about $1 billion.

"Looking ahead, I like our position as we enter the prime selling
season," Clarke said.  "I feel good about the fourth quarter and
look forward to finishing the year on a strong note."

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

                     https://is.gd/glIvkL

                        About Navistar

Navistar International Corporation (NYSE: NAV) --
http://www.navistar.com/-- is a holding company whose subsidiaries
and affiliates produce International brand commercial and military
trucks, proprietary diesel engines, and IC Bus brand school and
commercial buses.  An affiliate also provides truck and diesel
engine service parts.  Another affiliate offers financing
services.

Navistar reported a net loss attributable to the Company of $97
million on $8.11 billion of net sales and revenues for the year
ended Oct. 31, 2016, compared with a net loss attributable to the
Company of $184 million on $10.14 billion of net sales and revenues
for the year ended Oct. 31, 2015.  

                          *     *     *

Navistar carries a 'B3' Corporate Family Rating (CFR) and stable
outlook from Moody's.  Moody's said in January 2017 that Navistar's
ratings reflects the continuing challenges the company faces in
re-establishing its competitive position and profitability in the
North American medium and heavy truck markets.

In March 2017, Fitch Ratings upgraded the Issuer Default Ratings
(IDR) for Navistar International Corporation (NAV), Navistar, Inc.,
and Navistar Financial Corporation (NFC) one notch to 'B-' from
'CCC' and removed the ratings from Rating Watch Positive.  The
upgrade reflects improved prospects for NAV's financial performance
due to its alliance with VW T&B.

In March 2017, S&P Global Ratings said it raised its corporate
credit ratings on Navistar International Corp. and its subsidiary
Navistar Financial Corp. to 'B-' from 'CCC+'.  The outlook is
stable.  The upgrade follows Navistar's strategic alliance with
Volkswagen Truck & Bus, which includes Volkswagen Truck & Bus'
16.6% equity stake in Navistar, definitive agreements for the two
companies to collaborate on technology, and the formation of a
procurement JV.


NEOPS HOLDINGS: Creditors' Panel Hires Blakeley as Counsel
----------------------------------------------------------
The Official Committee of Unsecured Creditors of Neops Holdings,
LLC, et al., seeks authorization from the U.S. Bankruptcy Court for
the District of Connecticut to retain Blakeley LLP, as counsel to
the Committee.

The Committee requires Blakeley to:

   a. assist the Committee in its investigation of the acts,
      conduct, assets, liabilities and financial condition of the
      Debtors, the operation of the Debtors' business, including
      the formulation of a plan of reorganization;

   b. advise the Committee as to its duties and powers;

   c. appear on behalf of the Committee at all meetings required
      under the guidelines of the OUST;

   d. assist the Committee with respect to the legal
      ramifications of any proposed financing, refinancing or
      sale of real or personal property;

   e. advise the Committee regarding its rights and duties in
      connection with leases and other agreements;

   f. prepare on behalf of the Committee necessary applications,
      answers, orders, reports and other legal papers;

   g. assist the Committee in complying with the requirements
      of the OUST;

   h. negotiate with holders of unsecured claims and to file
      objections to such claims, if necessary;

   i. assist the Committee in preparing and presenting to the
      Court a disclosure statement and plan of reorganization;

   j. obtain, and subject to Court approval, confirm a plan of
      reorganization; and

   k. perform other legal services as may be required in the
      interests of the creditors.

Blakeley will be paid at these hourly rates:

     Scott E. Blakeley               $495
     Ronald A. Clifford              $395
     Other Associates                $295
     Law Clerks                      $145
     Paralegals                      $145

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

Ronald A. Clifford, a partner of Blakeley LLP, assured the Court
that the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and (a) is not creditors,
equity security holders or insiders of the Debtors; (b) has not
been, within two years before the date of the filing of the
Debtors' chapter 11 petition, directors, officers or employees of
the Debtors; and (c) does not have an interest materially adverse
to the interest of the estate or of any class of creditors or
equity security holders, by reason of any direct or indirect
relationship to, connection with, or interest in, the Debtors, or
for any other reason.

Blakeley can be reached at:

     Ronald A. Clifford, Esq.
     BLAKELEY LLP
     18500 Von Karman Ave., 5th Floor
     Irvine, CA 92612
     Tel: (949) 260-0611
     Fax: (949) 260-0613

                   About Neops Holdings, LLC

Headquartered in Branford, Connecticut, New England Orthotic --
http://www.neops.net/-- is a provider of state-of-the-art orthotic
and prosthetic patient care products and services in the eastern
United States.  The partnership was founded by certified orthotists
and prosthetists who were dissatisfied with large impersonal
corporations where the constant pressures of consolidation and cost
containment can hamper effective patient care.

NEOPS Holdings LLC and its affiliates including New England
Orthotic and Prosthetic Systems, LLC, filed for Chapter 11
protection (Bankr. D. Conn. Lead Case No. 17-31017) on July 11,
2017.  The petitions were signed by David Mahler, president and
CEO.

NEOPS Holdings estimated its assets at between $1 million and $10
million and its liabilities at between $10 million and $50 million.
New England Orthotic estimated its assets at up to $50,000 and
liabilities at between $1 million and $10 million.

Judge Ann M. Nevins presides over the case.

James Berman, Esq., and Joanna M. Kornafel, Esq., at Zeisler &
Zeisler, P.C., serve as the Debtors' bankruptcy counsel. The
Debtors hired Daniel O'Brien as their restructuring and financial
advisor.

On July 21, 2017, the U.S. Trustee for Region 2 appointed an
official committee of unsecured creditors. The Committee hired
Blakeley LLP, as counsel.


NET ELEMENT: Incurs $1.71 Million Net Loss in Second Quarter
------------------------------------------------------------
Net Element, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $1.71 million on $16.14 million of total revenues for the three
months ended June 30, 2017, compared to a net loss of $5.38 million
on $13.69 million of total revenues for the three months ended June
30, 2016.

The Company reported a net loss of $4.25 million on $29.70 million
of total revenues for the six months ended June 30, 2017, compared
to a net loss of $7.27 million on $24.95 million of total revenues
for the six months ended June 30, 2016.

As of June 30, 2017, Net Element had $21.97 million in total
assets, $19.99 million in total liabilities and $1.97 million in
total stockholders' equity.

The increase in net revenues for the second quarter ended June 30,
2017, is primarily due to growth in the Company's North America
Transaction Solutions and Online Solutions segments:

   * North America Transaction Solutions Segment: Continued organic
growth of SMB merchants in this segment with emphasis on
value-added offerings.  Revenues for this segment were $13.9
million, a 31% increase over the prior year.

   * Online Solutions Segment: Revenues for this segment were $2
million, a 33% increase over the prior year.

   * Mobile Solutions Segment: As a result of a change in business
model previously reported, revenues for this segment were $0.5
million vs $1.8 million, a 71% decrease over the prior year.  The
Company expects to maintain a smaller staff at Digital Provider and
it has canceled its existing office lease and will consolidate
Digital Provider's physical operations into PayOnline.  The Company
also is looking to develop a new business plan for Digital Provider
that includes, but is not limited to, a model that requires less
working capital than the current pre-pay model and provides for
diversified, scalable business.

   * Reduction of Corporate Overhead: The redundancies of the
Company's corporate staff at Net Element Russia were eliminated
with responsibilities being absorbed by existing PayOnline staff.
In addition, Net Element Russia's Moscow corporate office and
apartment leases were cancelled with the consolidation into
PayOnline.

Recent Highlights:

    * Centralized international operations;

    * Launched PayOnline platform, which supports electronic
commerce in the United States;

    * Launched support for iDeal, the leading payment system in The
Netherlands;

    * Expanded payment module to include InSales, a popular omni-  
   channel commerce and CMS platform;

    * Partnered with Payvision in Europe, expands to access to
global currencies;

    * Launched payment acceptance for international mobile network
operator;

    * Launched "Online Cashier" fiscal cloud-based point of sale
solution for Russian merchants;

    * Launched Apple Pay Support in Russia;

    * Launched "Instant Credit" for online merchants

"We are pleased with our continued growth.  Our results are a
reflection of our ability to deliver growth," commented Oleg Firer,
CEO of Net Element.  "We are excited about our strategic
initiatives for the remainder of the year as we continue to
streamline international operations and reduce operating expenses
while managing the strong U.S. growth and expansion."

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

                         https://is.gd/nXmunh

                          About Net Element

Net Element, Inc. (NASDAQ: NETE) -- http://www.netelement.com/--
operates a payments-as-a-service transactional and value-added
services platform for small to medium enterprise in the US and
selected emerging markets.  In the U.S. it aims to grow
transactional revenue by innovating SME productivity services such
as its cloud based, restaurant and retail point-of-sale solution
Aptito.  Internationally, Net Element's strategy is to leverage its
omni-channel platform to deliver flexible offerings to emerging
markets with diverse banking, regulatory and demographic conditions
such as UAE, Kazakhstan, Kyrgyzstan and Azerbaijan where
initiatives have been recently launched.  Net Element was named in
2016 by South Florida Business Journal as one of the fastest
growing technology companies.

Net Element reported a net loss of $13.61 million on $54.28 million
of total revenues for the 12 months ended Dec. 31, 2016, compared
to a net loss of $13.32 million on $40.23 million of total revenues
for the 12 months ended Dec. 31, 2015.

Daszkal Bolton LLP's report on the Company's consolidated financial
statements for the year ended Dec. 31, 2016, contains an
explanatory paragraph expressing substantial doubt as to the
Company's ability to continue as a going concern.  The independent
auditors stated that the Company's recurring losses from operations
and working capital and accumulated deficits raise substantial
doubt about its ability to continue as a going concern.


NORTH AMERICAN GROUP: Hires Solomon and Hoover as Accountant
------------------------------------------------------------
North American Group, Inc., seeks authority from the U.S.
Bankruptcy Court for the Middle District of Florida to employ
Solomon and Hoover CPA, PLLC, as accountant to the Debtor.

North American Group requires Solomon and Hoover to:

   a. advise on financial advisory matters;

   b. handle tax compliance filings;

   c. prepare the annual tax returns;

   d. compile and format data and analysis that are necessary and
      appropriate in the bankruptcy case;

   e. prepare forecasts and budgets of Debtor's operations and
      cash flows, as necessary;

   f. assist the Debtor's counsel and any other professionals,
      including without limitation, appraisers, brokers or
      investment bankers, if such professionals are retained; and

   g. provide other accounting related activities as mutually
      agreed to between the parties.

Solomon and Hoover will be paid at these hourly rates:

     Gene Solomon                      $275
     Staff                             $75-$150

Solomon and Hoover will also be reimbursed for reasonable
out-of-pocket expenses incurred.

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

Solomon and Hoover can be reached at:

     Gene Solomon
     SOLOMON AND HOOVER CPA, PLLC
     1342 Colonial Blvd., Suite B-11
     Fort Myers, FL 33907
     Tel: (239) 939-5303

             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.


NUVERRA ENVIRONMENTAL: Cancels Pre-Bankruptcy Common Stock
----------------------------------------------------------
Nuverra Environmental Solutions, Inc. filed a Form 15 with the
Securities and Exchange Commission notifying the termination of
registration of its:

   * common stock, par value $0.001 per share; and

   * common stock, par value $0.01 per share, and Warrants to
purchase Common Stock, with an exercise price of $39.82, issued by
Nuverra Environmental Solutions, Inc. after Aug. 7, 2017, when it
emerged from bankruptcy.

Nuverra's old common stock, par value $0.001 per share, was
cancelled upon the Company's emergence from its Chapter 11
bankruptcy proceedings on Aug. 7, 2017.  Pursuant to the Company's
plan of reorganization, on Aug. 7, 2017, the Company issued new
shares of common stock, par value $0.01 per share, which is
registered pursuant to Section 12(g) of the Securities Exchange Act
of 1934, as amended, and is subject to the reporting requirements
thereunder pursuant to Section 13(a).

                  About Nuverra Environmental

Nuverra Environmental Solutions, Inc. (OTCQB: NESC) provides
environmental solutions to customers focused on the development and
ongoing production of oil and natural gas from shale formations.
The Scottsdale, Arizona-based Company operates in shale basins
where customer exploration and production activities are
predominantly focused on shale and natural gas.

Nuverra Environmental and its affiliates sought Chapter 11
protection (Bankr. D. Del. Lead Case No. 17-10949) on May 1, 2017.
The Hon. Kevin J. Carey presides over the cases.  The Bankruptcy
Court approved Nuverra Environmental Solutions' Disclosure
Statement and concurrently confirmed its Amended Prepackaged
Chapter 11 Plan of Reorganization on July 25, 2017.  On Aug. 7,
2017, the Plan became effective pursuant to its terms and the
Company and its material subsidiaries emerged from the Chapter 11
cases.  

Shearman & Sterling LLP served as bankruptcy counsel to the
Debtors, with the engagement led by Fredric Sosnick, Esq., Sara
Coelho, Esq., and Stephen M. Blank, Esq.  Young Conaway Stargatt &
Taylor, LLP, and Shearman & Sterling LLP, served as the Debtors'
co-counsel.

AP Services, LLC, acted as the Debtors' restructuring advisor.
Lazard Freres & Co. LLC and Lazard Middle Market LLC served as the
investment banker.  Prime Clerk LLC served as the claims and
noticing agent.  On May 19, 2017, the U.S. Trustee appointed an
official committee of unsecured creditors.  As of July 2017, David
Hargreaves has resigned from the Committee.  Kilpatrick Townsend &
Stockton LLP served as counsel and Batuta Capital Advisors LLC as
financial advisor to the Committee.  Landis Rath & Cobb LLP served
as Delaware counsel.


OFFICE ON EASY STREET: Unsecureds to Get 25% Under Chapter 11 Plan
------------------------------------------------------------------
Office on Easy Street Inc. filed with the U.S. Bankruptcy Court for
the District of Arizona a disclosure statement dated Aug. 23, 2017,
referring to the Debtor's reorganization plan.

The Debtor will pay unsecured creditors with valid and proven Class
7 claims an amount of $25,000 on a pro rata basis.  The amount will
be paid in installments of $5,000 every six months, the first
payment to be paid six months after the date of confirmation.
Interest at 3% per annum will additionally be paid.  It is the
opinion of the Debtor that unsecured creditors having valid and
proven claims in this class will receive approximately 25% of the
claim.  This class is impaired by the Plan.

The owner of the Debtor is Catherine Marr.  Ms. Marr will
contribute a total of $10,000 to assist in consummation of the
Plan.  Additionally, an amount due CAREFREE 34, INC., approximating
$333,391 for rent and loans will not be paid under the Plan. It is
the belief of MARR that if a Chapter 7 occurs, there will be
absolutely no funds left for unsecured creditors.  Due to the
amounts of administrative, secured, lease, and unsecured claims,
Ms. Marr believes no net value will be applicable for the Debtor
for an extensive period of time.  The owner is of the opinion that,
due to the fact there is no net value of the Debtor, such amount of
$10,000 is an equivalent value of her interest in the Debtor.  The
amount of $10,000 will be contributed within six months of the date
of confirmation.

A copy of the Disclosure Statement is available at:

            http://bankrupt.com/misc/azb16-10434-78.pdf

Office on Easy Street Inc. operates a restaurant at 34 Easy Street,
Carefree, Arizona, which does business as VENUES CAFE.  The Debtor
was incorporated on April 5, 2005.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. Ariz. Case No. 16-10434) on Sept. 9, 2016.  The
case is assigned to Judge Eddward P. Ballinger Jr.


OMEROS CORP: Data Show Improvement in Patients Treated with OMS721
------------------------------------------------------------------
Omeros Corporation announced additional follow-up data from
patients with immunoglobulin A (IgA) nephropathy treated with
OMS721 in the Phase 2 clinical trial of glomerulonephropathy.
OMS721 is Omeros' lead human monoclonal antibody targeting
mannan-binding lectin-associated serine protease-2 (MASP-2), the
effector enzyme of the lectin pathway of the complement system.

As presented in June 2017 at the 54th Congress of the European
Renal Association-European Dialysis and Transplant Association,
patients with IgA nephropathy demonstrated clinically and
statistically significant improvement in proteinuria during the
course of the clinical trial.  After these patients completed the
trial, the clinical investigator continued to follow them per
standard of care.  Follow-up data up to approximately one year
after completion of treatment are available.

As previously reported, all four IgA nephropathy patients in the
clinical trial demonstrated a substantial reduction in proteinuria
measured by both 24-hour urine protein excretion levels and urinary
albumin/creatinine ratios (uACRs).  In post-trial follow-up, urine
protein/creatinine ratios (uPCR) were measured by the investigator
according to his practice standard.  For purposes of post-hoc
comparisons of proteinuria during and after the clinical trial,
each post-trial uPCR value was converted to uACR (Zhao, Clin J Am
Soc Nephrol 2016;11:947-55).

In follow-up, three of the four patients have maintained reductions
in proteinuria.  In these three patients uACRs remained reduced at
14 percent, 23 percent, and 24 percent of the patients’ baseline
values prior to OMS721 treatment. In addition, a suggestion of
improvement in estimated glomerular filtration rate (eGFR), a
measure of renal function, was observed in 3 of the 4 patients
after the trial.  The patient with the most severe reduction in
kidney function demonstrated eGFR improvement from 30 mL/min/1.73
m2 to 47 mL/min/1.73 m2, an improvement of 57 percent. OMS721 was
well-tolerated in the clinical trial with fatigue and anemia the
most commonly reported adverse events.

"The persistent reduction of proteinuria following completion of
OMS721 treatment in these patients is impressive and provides
additional evidence of the important role of the lectin pathway in
IgA nephropathy," stated Geoffrey Block, M.D., director of clinical
research at Denver Nephrology.  "The improvements observed in eGFRs
also suggest that OMS721 could provide further benefit to patients
by potentially precluding or substantially extending the time to
the need for dialysis and reducing the risk of complications
associated with progression of chronic kidney disease."

Omeros has initiated a Phase 3 clinical program for OMS721 in IgA
nephropathy and expects to begin a Phase 3 clinical trial in this
disease later this year.  FDA has granted OMS721 both breakthrough
and orphan designations in IgA nephropathy.

"The durable reduction in proteinuria that we're seeing with OMS721
for one year after cessation of treatment is unprecedented in my
experience," said Jonathan Barratt, Ph.D., F.R.C.P., professor of
renal medicine in the Department of Infection, Immunity &
Inflammation at University of Leicester and honorary consultant
nephrologist at Leicester General Hospital.  "With this one-year
follow-up, we are also seeing improvement in eGFR, which usually
takes significantly longer to be evident.  Two of the four patients
demonstrated a slight increase, with one of the patients showing an
exciting response of 50 percent improvement."

There is no approved treatment for IgA nephropathy, the most common
primary glomerulopathy globally.  The disease is responsible for up
to 10 percent of all dialysis patients.  In the U.S. alone, an
estimated 120,000 to 180,000 patients have this disease. Up to 40
percent of IgA nephropathy patients develop end-stage renal
disease, a life-threatening condition, within 20 years following
diagnosis.

"The sustained duration of effect of OMS721 post-treatment
underscores the drug's potential for episodic dosing in IgA
nephropathy," said Gregory A. Demopulos, M.D., chairman and chief
executive officer of Omeros.  "We look forward to working with FDA
to finalize the protocol for our Phase 3 clinical trial and open
enrollment to IgA nephropathy patients later this year."

In addition to its Phase 3 program in IgA nephropathy, OMS721 is
also being evaluated in a Phase 3 clinical program for atypical
hemolytic uremic syndrome and in a Phase 2 clinical program for
hematopoietic stem cell transplant-associated thrombotic
microangiopathy.

                   About Omeros' MASP Programs

Omeros controls the worldwide rights to MASP-2 and all therapeutics
targeting MASP-2, a novel pro-inflammatory protein target involved
in activation of the complement system, which is an important
component of the immune system.  The complement system plays a role
in the inflammatory response and becomes activated as a result of
tissue damage or microbial infection. MASP-2 is the effector enzyme
of the lectin pathway, one of the principal complement activation
pathways.  Importantly, inhibition of MASP-2 does not appear to
interfere with the antibody-dependent classical complement
activation pathway, which is a critical component of the acquired
immune response to infection, and its abnormal function is
associated with a wide range of autoimmune disorders. MASP-2 is
generated by the liver and is then released into circulation.
Adult humans who are genetically deficient in one of the proteins
that activate MASP-2 do not appear to be detrimentally affected by
the deficiency. OMS721 is Omeros' lead human MASP-2 antibody.

Following discussions with both the FDA and the European Medicines
Agency, a Phase 3 clinical program for OMS721 in atypical hemolytic
uremic syndrome (aHUS) is in progress.  A second Phase 3 clinical
program for OMS721 has been initiated in immunoglobulin A (IgA)
nephropathy.  Also, two Phase 2 trials are ongoing.  One is
continuing to enroll OMS721 in IgA nephropathy following an earlier
Phase 2 trial that generated positive data in patients with IgA
nephropathy and with lupus nephritis; the other is enrolling and
has reported positive data both in patients with hematopoietic stem
cell transplant-associated thrombotic microangiopathy (TMA).  A
third Phase 3 program could begin later this year in stem cell
transplant-associated TMA.  OMS721 can be administered both
intravenously and subcutaneously, and Omeros expects to
commercialize each formulation of OMS721 for different therapeutic
indications.  In parallel, Omeros is developing small-molecule
inhibitors of MASP-2.  Based on requests from treating physicians,
Omeros has established a compassionate-use program for OMS721,
which is active in both the U.S. and Europe.  The FDA has granted
OMS721 breakthrough therapy designation for IgA nephropathy, orphan
drug status for the prevention (inhibition) of complement-mediated
TMAs and for the treatment of IgA nephropathy, and fast track
designation for the treatment of patients with aHUS.

Omeros also has identified MASP-3 as responsible for the conversion
of pro-factor D to factor D and as a critical activator of the
human complement system's alternative pathway.  The alternative
pathway is linked to a wide range of immune-related disorders.  In
addition to its lectin pathway inhibitors, the company is advancing
its development of antibodies and small-molecule inhibitors against
MASP-3 to block activation of the alternative pathway.  Omeros is
preparing to initiate manufacturing scale-up of its MASP-3
antibodies in advance of clinical trials.

                      About Omeros Corp

Omeros Corporation -- http://www.omeros.com/-- is a
biopharmaceutical company committed to discovering, developing and
commercializing both small-molecule and protein therapeutics for
large-market as well as orphan indications targeting inflammation,
coagulopathies and disorders of the central nervous system.

Omeros reported a net loss of $66.74 million for the year ended
Dec. 31, 2016, compared to a net loss of $75.09 million for the
year ended Dec. 31, 2015.

As of June 30, 2017, Omeros had $60.35 million in total assets,
$115.20 million in total liabilities, and a total shareholders'
deficit of $54.85 million.

Ernst & Young LLP, in Seattle, Washington, issued a "going concern"
opinion on the consolidated financial statements for the year ended
Dec. 31, 2016, noting that the Company has recurring losses from
operations and has a net capital deficiency that raise substantial
doubt about its ability to continue as a going concern.


OMNI LOOKOUT: To Assume Leases with Apartment Complex Tenants
-------------------------------------------------------------
Omni Lookout Ridge, L.P., and Omni Lion's Run L.P. filed with the
U.S. Bankruptcy Court for the Western District of Texas an amended
disclosure statement dated Aug. 21, 2017, referring to the Debtors'
joint plan of reorganization dated Aug. 21, 2017.

Class 11 consists of unsecured claims for deposits arising from the
execution of leases by Debtor as landlord and all tenants at the
apartment complexes in Harker Heights, Texas, known as the Lion's
Run Apartments and Lookout Ridge Apartments.  The Debtor is
assuming all leases with all tenants at the Apartment Complexes.
The security deposits of the tenants who are occupying space
according to their leases will be returned or retained pursuant to
the terms of their individual leases.  The Plan will not alter the
legal, equitable, or contractual rights of the tenants under Class
11 to their deposits.  Class 11 is not impaired, is deemed to have
accepted the Plan, and is not entitled to vote on the Plan.

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

            http://bankrupt.com/misc/txwb17-60329-88.pdf

As reported by the Troubled Company Reporter on July 13, 2017, the
Debtors filed a disclosure statement dated June 26, 2017, referring
to the Debtors' joint plan of reorganization dated June 26, 2017,
which proposed that holders of Class 12 allowed unsecured claims
over $500 will each be paid their claims within three years in
pro-rata payments at regular intervals no less often than quarterly
at 5% interest.  

                      About Omni Lookout

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

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

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

Judge Ronald B. King presides over the case.

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

                   About Omni Lion's Run L.P.

Omni Lion's Run, L.P., sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D. Tex. Case No. 17-60329) on May 2,
2017.  Drew G. Hall, manager, signed the petition.  Judge Ronald B.
King presides over the case.

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

At the time of the filing, the Debtor estimated assets and
liabilities of less than $50,000.


ORIGINAL SOUPMAN: Tries to Secure Court OK for Planned Sale
-----------------------------------------------------------
Vince Sullivan, writing for Bankruptcy Law360, reports that The
Original Soupman Inc. attempted to secure court approval for a plan
to sell assets in its Chapter 11 case.  The Debtor, according to
Law360, said that it will provide new information to allay an
objection over the Debtor's board not having signed off on the
deal.  The Debtor said it has been in talks with its
debtor-in-possession lenders and creditor Hillair Capital
Investments LP, the report states.

                   About the Original Soupman

The Original Soupman, Inc. -- http://originalsoupman.com/--
manufactures and sells soups under the brand name "Original
Soupman".  Soupman at present sells soups in 17-ounce Tetra Recart
packaging to grocery chains and club stores throughout the United
States, through on-line retailers, and in frozen 4 pound bulk
packaging to its franchise restaurants and to the New York City
School System.

The parent entity, Soupman, Inc., is a publicly traded Delaware
corporation on the OTCQB.  Kiosk Concepts, Inc., an 80% owned
subsidiary of The Original Soupman, was created to license the
intellectual property to franchisees.

In 2004, Soupman signed a license agreement with Yegan Food Inc.,
which operated a soup restaurant in West 55th Street in New York,
run by Ali "Al" Yeganeh.  This restaurant became a worldwide
destination for soups, being rated #1 by Zagat and praised by the
New York Times as "Art, not Soup."  The fame of the business and
its soup rose to even greater heights after a 1995 "Seinfeld"
episode in which the irascible Soup Nazi berates customers who
stand in long lines for his legendary soup, often yelling "No soup
for you!"

The Original Soupman, Inc., Soupman, Inc., and Kiosk Concepts,
Inc., sought Chapter 11 protection (Bankr. D. Del. Lead Case No.
17-11313) on June 13, 2017.

The Debtors tapped Polsinelli PC as bankruptcy counsel, and Epiq
Bankruptcy Solutions, Inc. as administrative advisor and notice and
claims agent.

The Debtors tapped Wyse Advisors, LLC and appointed the firm's
managing partner as its chief restructuring officer.


PACE DIVERSIFIED: Hires Long Wayne as Accountant
------------------------------------------------
Pace Diversified Corporation seeks authorization from the U.S.
Bankruptcy Court for the Eastern District of California to employ
Long Wayne & Company ("WLC") as accountants, effective June 19,
2017.

The Debtor requires WLC to:

   (a) assist in preparing monthly operating reports, as required
       by the Bankruptcy Court, based on information provided by
       the Debtor. WLC has been assisting in the preparation of
       the Monthly Operating Reports filed by the Debtor for the
       periods ending June 30, 2017 and July 31, 2017;

   (b) provide other professional consulting services as required
       by the Bankruptcy Court;

   (c) prepare financial statements, balance sheets, 2017 federal
       and state tax returns and 2017 property tax return; and

   (d) provide ongoing professional accounting services as deemed
       necessary.

WLC's hourly rates effective as of June 19, 2017, are between $75
and $300 per hour depending on the level of personnel assigned to
the project.

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

Wayne Long, owner of WLC, 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 September 28,
2017, at 9:30 a.m.

WLC can be reached at:

       Wayne Long
       WAYNE LONG & COMPANY
       1502 Mill Rock Way, Suite 200
       Bakersfield, CA 93311
       Tel: (661) 664-0909
       Fax: (661) 664-0915

                About Pace Diversified Corporation

Pace Diversified Corporation was incorporated in 2001 by its owners
Dwayne and Patricia Roach.  Pace is engaged in the production and
distribution of oil and gas.  The Company was founded in 2000 and
is based in Bakersfield, California.

Pace Diversified filed a Chapter 11 petition (Bankr. E.D. Cal. Case
No. 17-11028) on March 23, 2017. The petition was signed by Dwayne
Roach, President. The case is assigned to Judge Rene Lastreto II.
The Debtor is represented by T. Scott Belden, Esq. at Belden Blaine
Raytis, LLP.  At the time of filing, the Debtor had $10 million to
$50 million in estimated assets and $1 million to $10 million in
estimated liabilities.


PACKARD SQUARE: Seeks to Hire Gene Kohut as CRO
-----------------------------------------------
Packard Square LLC seeks approval from the U.S. Bankruptcy Court
for the Eastern District of Michigan to hire Gene Kohut, a member
of The Kohut Law Group, as its chief restructuring officer.

Mr. Kohut will provide supporting services, including financial
oversight, budget reporting, testimonial support and reporting to
the bankruptcy court.

Mr. Kohut will be compensated on an hourly basis not to exceed
$15,000 per month.  He will charge an hourly fee of $350 while the
firm's associate and clerk will charge $200 per hour and $75 per
hour.

In a court filing, Mr. Kohut disclosed that he is a "disinterested
person" as defined in section 101(14) of the Bankruptcy Code.

Mr. Kohut maintains an office at:

     Gene R. Kohut
     Kohut Law Group, PLLC
     17000 Kercheval Avenue, Suite 210
     Grosse Pointe, MI 48236
     Tel: 313-886-9765
     Fax: 313-432-0229
     Email: gene@gktrustee.com

                       About Packard Square

Packard Square LLC owns a 360,000 square foot mixed-use development
on a six and a half acre site on Packard Street in Ann Arbor,
Michigan.  Once completed, the Company expects the project to be
worth approximately $93,500,000.

The Debtor is currently under receivership.  A receivership case,
CAN IV Packard Square LLC v. Packard Square LLC, Case No.
16-990-CB, Washtenaw County Trial Court, Honorable Archie C. Brown
presiding, was filed, and on Nov. 1, 2016, McKinley, Inc., was
appointed as receiver.

To recover control of the project, Packard Square LLC filed for
Chapter 11 bankruptcy protection (Bankr. E.D. Mich. Case No.
17-52483) on Sept. 5, 2017, estimating $50 million to $100 million
in assets and less than $50 million in liabilities.

David G. Dragich, Esq., and Amanda Vintevoghel, Esq., at The
Dragich Law Firm PLLC, serve as the Debtor's bankruptcy counsel.

As of Sept. 6, 2017, no request for appointment of a Chapter 11
trustee or examiner has been made and no official committee has
been appointed.


PARKER DEVELOPMENT: Hearing on Plan Outline Set for Sept. 28
------------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of Virginia has
scheduled for Sept. 28, 2017, at 11:00 a.m. the hearing to consider
the adequacy of the information contained in SummitBridge National
Investments III LLC's disclosure statement referring to the plan of
reorganization for Parker Development, LLC.

Objections to the adequacy of the information contained in the
disclosure statement must be filed on or before seven days prior to
the date of the Hearing.

As reported by the Troubled Company Reporter on Aug. 24, 2017,
SummitBridge National, a secured creditor of the Debtor, filed a
first amended disclosure statement describing its first amended
plan of liquidation, dated Aug. 18, 2017, for the Debtor.  This
latest liquidation plan The Plan provides the Court will appoint
John D. McIntyre, of the law firm of Wilson & McIntyre, PLLC, in
Norfolk, Virginia, as plan administrator.  Confirmation of the Plan
will constitute approval of the appointment of the Plan
Administrator.  The Plan Administrator will be compensated on an
hourly basis at the rate of $325/hour.  The Plan Administrator also
will be entitled to reimbursement of all out-of-pocket expenses
incurred by the Plan Administrator in the performance of his duties
under this Plan.

                    About Parker Development

Parker Development, LLC, also known as Parker Development I, LLC,
is a Virginia limited liability company that owns and operates
certain commercial real estate in the City of Norfolk, Virginia.

Parker Development filed a Chapter 11 petition (Bankr. E.D. Va.
Case No. 16-73359) on Sept. 28, 2016.  The petition was signed by
George G. Parker, president.  Judge Stephen C. St. John presides
over the case.  Greer W. McCreedy, II, Esq., at The McCreedy Law
Group, PLLC, serves as bankruptcy counsel.  At the time of filing,
the Debtor estimated assets and liabilities at $1 million to $10
million.


PHILADELPHIA SD: Moody's Ups GO & Lease Rev. Bonds Rating to Ba2
----------------------------------------------------------------
Moody's Investors Service has upgraded Philadelphia School
District's underlying GO and Lease Revenue Bond ratings to Ba2 from
the current Ba3. Approximately $3.0 billion of debt outstanding is
affected.

The upgrade of the underlying rating to Ba2 speaks to considerable
improvement in the district's still strained financial position.
Management is experienced, and though some are new to the district,
the team has developed a detailed understanding not only of the
district's finances but also of charter pressures and the
complexities of managing a highly dynamic, large, urban school
district. The rating upgrade is also informed by the positive
relationship with the City of Philadelphia, stabilized charter
enrollment, and a return to investment in district classrooms after
years of austerity operations. The Ba2 rating also reflects the
district's relatively high debt burden, narrow reserves,
substantial fixed costs, continued charter pressure, and its
projections for operating deficits in future years.

Moody's maintains its A2 enhanced rating on all of the district's
direct general obligation debt. The A2 enhanced rating reflects our
current assessment of the Pennsylvania School District Fiscal Agent
Agreement Intercept Program, which provides for the pre-default
intercept of state aid in the event of a payment failure by the
district. The A2 enhanced rating on all of the GO-secured debt
issued through the SPSBA, reflects our current assessment of the
SPSBA Lease Intercept Program, through which the State Treasurer
withholds appropriated state aid and makes payments directly to the
bond trustee.

Rating Outlook

The outlook is positive given our expectation of continued charter
stabilization and management's solid governance over school
operations and finances. The positive outlook also reflects our
expectation that finances will be maintained within the range of
structural balance going forward.

Factors that Could Lead to an Upgrade

- Permanent new revenue source or growth that ensures
   structurally balanced operations

- Further evidence of charter stabilization and improved district

   school operations

Factors that Could Lead to a Downgrade

- Structurally imbalanced operations for a prolonged period
   leading to fund balance depletion

- Further expansion of charters; deterioration of district
   enrollment not coupled with significant expenditure cuts

Legal Security

The district's GO bonds are secured by the district's full faith,
credit and taxing power.

The district's SPSBA lease revenue bonds are secured by lease
payments made by the district to the SPSBA. Under the lease
agreement with SPSBA, the district covenants that the lease
payments represent a full faith, credit and taxing power pledge,
and therefore, Moody's currently rate the lease revenue bonds on
parity with the district's GO bonds.

Use of Proceeds

Not Applicable

Obligor Profile

Philadelphia School District is the largest public school district
in Pennsylvania and the ninth-largest in the country. The district
operates more than 200 schools with enrollment of 204,594 (includes
71,000 students in charters) as of December 2016.

Methodology

The principal methodology used in the underlying rating was US
Local Government General Obligation Debt published in December
2016. An additional methodology used in the SPSBA underlying rating
was Lease, Appropriation, Moral Obligation and Comparable Debt of
US State and Local Governments published in July 2016.


PIKE CORP: Moody's Affirms B2 Corporate Family Rating
-----------------------------------------------------
Moody's Investors Service affirmed certain of its ratings for Pike
Corporation, including the company's B2 Corporate Family Rating
(CFR) and B2-PD Probability of Default Rating. At the same time,
Moody's downgraded its ratings for Pike's existing first-lien
senior secured credit facilities to B2 from B1, and assigned a B2
rating for the company's upsized and extended $630 million
first-lien term loan. The ratings outlook is stable.

The rating actions follow the announcement that Pike will issue new
first-lien debt to repay all of its existing debt, notably
including second-lien debt. The refinancing is beneficial because
it will result in interest cost savings of more than $4 million
annually. While the transaction is leverage-neutral, prepayment of
the existing junior-ranking second-lien debt materially erodes the
underlying cushion or loss absorption that previously inured to the
benefit of first-lien debt holders; hence, this drives Moody's
ensuing higher expected loss assumption and lower rating for the
latter creditors. The current Caa1 rating for the existing $100
million senior secured second-lien term loan and the revised B2
ratings for the existing $520 million first-lien term loan will be
withdrawn upon closing of the transaction.

Rating Actions:

Corporate Family Rating, Affirmed B2

Probability of Default Rating, Affirmed B2-PD

$100 Million Senior Secured First Lien Revolving Credit Facility
due 2022, Downgraded to B2 (LGD3) from B1 (LGD3)

$520 Million Senior Secured First Lien Term Loan due 2024,
Downgraded to B2 (LGD3) from B1 (LGD3)

$630 Million Senior Secured First Lien Term Loan due 2024,
Assigned B2 (LGD3)

Outlook, Stable

RATINGS RATIONALE

Pike's B2 CFR broadly reflects the company's moderate scale in a
highly competitive industry, and the risks and limitations posed by
its geographic, end market and customer concentrations. The
company's status as one of the larger regional providers of utility
engineering and construction ("E&C") services provides only a
limited advantage over other rated regional competitors, and leaves
the firm disadvantaged relative to national providers. Pike's
limited geographic, end market, and customer diversity create
dependence on local competitive and market conditions, and limit
the company's bargaining power. Uncertainty surrounding financial
policies under the company's new ownership structure also remains a
key ratings constraint.

Pike's credit profile continues to be supported, however, by strong
industry tailwinds. Moody's anticipates ongoing revenue and
earnings growth as utilities continue to focus on replacing aging
infrastructure and increasingly rely on third parties to provide
E&C services. The company's Master Service Agreements and growing
importance to its customers will continue to support revenue
stability and stickiness. Investments in its technology platform
and workforce realignment initiatives should also improve the
company's competitiveness, and drive eventual margin appreciation.

The stable ratings outlook presumes that the company's operating
results will continue to improve over the next 12-18 months. It
also assumes that the company will carefully balance its financial
leverage with its growth strategy.

The ratings could be upgraded if the company significantly
increases its scale and geographic diversification and generates
more free cash flow, while maintaining strong margins and
debt-to-EBITDA leverage below 4.0 times.

A downgrade could occur if deteriorating operating results,
debt-financed acquisitions or shareholder dividends result in the
company's debt-to-EBITDA leverage ratio rising above 5.5 times or a
weakening of its free cash flow generating ability. A significant
reduction in borrowing availability or liquidity could also result
in a downgrade.

The principal methodology used in these ratings was Construction
Industry published in March 2017.

Headquartered in Mount Airy, North Carolina, Pike Corporation is a
domestic focused provider of installation, repair and maintenance
and storm restoration services for investor-owned, municipal, and
cooperative electric utilities in the United States. The company
provides engineering and design services and constructs and
maintains substations, underground and overhead distribution
networks and transmission lines. Revenue for the last twelve months
ended July 2, 2017 was approximately $1.02 billion.


PIONEER NURSERY: Taps Hocking Denton as Accountant
--------------------------------------------------
Pioneer Nursery, LLC seeks approval from the U.S. Bankruptcy Court
for the Eastern District of California to hire an accountant.

The Debtor proposes to employ Hocking Denton Palmquist, Certified
Public Accountants, to, among other things, prepare tax returns;
review and respond to correspondence received; maintain its general
ledger; and assist in various bookkeeping matters.

Clark Hurst, the accountant who will be providing the services,
will charge an hourly fee of $280.

Hocking Denton has no connection with the Debtor's creditors or
their attorneys and accountants, according to court filings.

The firm can be reached through:

     Clark D. Hurst
     Hocking Denton Palmquist
     Certified Public Accountants
     4885 Truxtun Avenue, Suite A
     Bakersfield, CA 93309
     Phone: (661) 325-5971
     Fax: (661) 325-0146
     Email: churst@hdpcpa.com

                    About Pioneer Nursery LLC

Founded in 1968, Pioneer Nursery Inc. is in the retail nurseries
and garden stores industry.  It owns crops -- either planted or
harvested -- of approximately 440,000 pistacio trees worth $7 per
tree having a total retail value of $3.08 million.  The Debtor
posted gross revenue of $4.55 million in 2016 and gross revenue of
$7.78 million in 2015.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. E.D. Calif. Case No. 17-13112) on August 11, 2017.
Brian Blackwell, member, signed the petition.

At the time of the filing, the Debtor disclosed $5.42 million in
assets and $245,701 in liabilities.

Judge Fredrick E. Clement presides over the case.  Fear Waddell,
P.C. represents the Debtor as bankruptcy counsel.


PIONEER NURSERY: Taps M. Kathleen Klein as Accountant
-----------------------------------------------------
Pioneer Nursery, LLC seeks approval from the U.S. Bankruptcy Court
for the Eastern District of California to hire M. Kathleen Klein, a
certified public accountant.

As the Debtor's accountant, Ms. Klein will prepare its monthly
operating reports and will provide tax, financial, business,
management, and accounting services as needed.

Ms. Klein will charge $195 per hour for her services.  Meanwhile,
the hourly rates charged by the staff assisting her range from $45
to $80.

Ms. Klein maintains an office at:

     M. Kathleen Klein
     6061 N. Fresno St.
     Fresno, CA 93710
     Phone: (559) 261-4080

                    About Pioneer Nursery LLC

Founded in 1968, Pioneer Nursery Inc. is in the retail nurseries
and garden stores industry.  It owns crops -- either planted or
harvested -- of approximately 440,000 pistacio trees worth $7 per
tree having a total retail value of $3.08 million.  The Debtor
posted gross revenue of $4.55 million in 2016 and gross revenue of
$7.78 million in 2015.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. E.D. Calif. Case No. 17-13112) on August 11, 2017.
Brian Blackwell, member, signed the petition.

At the time of the filing, the Debtor disclosed $5.42 million in
assets and $245,701 in liabilities.

Judge Fredrick E. Clement presides over the case.  Fear Waddell,
P.C. represents the Debtor as bankruptcy counsel.


PIONEER NURSERY: Taps Wilkins Drolshagen as Special Counsel
-----------------------------------------------------------
Pioneer Nursery, LLC seeks approval from the U.S. Bankruptcy Court
for the Eastern District of California to hire Wilkins Drolshagen &
Czeshinski, LLP as its special counsel.

The firm will provide legal services in connection with the claims
held by purchasers of bacteria-infected pistachio trees sold to
them by the Debtor, and represent the Debtor in possible
settlements with its insurance company and the purchasers.

James Wilkins, Esq., the lead attorney, will charge an hourly fee
of $350.

Wilkins does not hold or represent any interest adverse to the
Debtor's estate, creditors or equity security holders, according to
court filings.

The firm can be reached through:

     James H. Wilkins, Esq.
     Wilkins Drolshagen & Czeshinski LLP
     6785 N. Willow Avenue
     Fresno, CA 93710
     Phone: (559) 438-2390
     Fax: (559) 438-2393
     Email: jhw@wdcllp.com

                    About Pioneer Nursery LLC

Founded in 1968, Pioneer Nursery Inc. is in the retail nurseries
and garden stores industry.  It owns crops -- either planted or
harvested -- of approximately 440,000 pistacio trees worth $7 per
tree having a total retail value of $3.08 million.  The Debtor
posted gross revenue of $4.55 million in 2016 and gross revenue of
$7.78 million in 2015.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. E.D. Calif. Case No. 17-13112) on August 11, 2017.
Brian Blackwell, member, signed the petition.

At the time of the filing, the Debtor disclosed $5.42 million in
assets and $245,701 in liabilities.

Judge Fredrick E. Clement presides over the case.  Fear Waddell,
P.C. represents the Debtor as bankruptcy counsel.


PRECIPIO INC: Negative Working Capital Raises Going Concern Doubt
-----------------------------------------------------------------
Precipio, Inc., filed its quarterly report on Form 10-Q, disclosing
a net loss of $3.68 million on $260,000 of net sales for the three
months ended June 30, 2017, compared with a net loss of $444,000 on
$504,000 of net sales for the same period in 2016.   

For the six months ended June 30, 2017, the Company listed a net
loss of $4.44 million on $508,000 of net sales, compared to a net
loss of $752,000 on $1.04 million of net sales for the same period
in the prior year.

At June 30, 2017, the Company had total assets of $37.01 million,
total liabilities of $17.24 million, and $19.77 million in total
stockholders' equity.

The Company has incurred substantial operating losses and has used
cash in its operating activities for the past several years.  As of
June 30, 2017, the Company had a net loss of $4.4 million and
negative working capital of $14.5 million.  The Company's ability
to continue as a going concern is dependent upon a combination of
achieving its business plan, including generating additional
revenue, and raising additional financing to meet its debt
obligations and paying liabilities arising from normal business
operations when they come due.

Precipio is currently in discussions with certain investors to
raise additional capital.  There can be no assurance such capital
is available at terms favorable or agreeable to management, if at
all, or that the Company will successfully complete the proposed
capital raise.  Since the outcome of these matters cannot be
predicted with any certainty at this time, there is substantial
doubt that the Company will be able to continue as a going
concern.

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

                     https://is.gd/nmmcun

                     About Precipio, Inc.

Precipio, Inc., formerly known as Transgenomic, Inc., has built a
platform designed to eradicate the problem of misdiagnosis by
harnessing the intellect, expertise and technology developed within
academic institutions, and delivering quality diagnostic
information to physicians and their patients worldwide.  Through
its collaborations with world-class academic institutions
specializing in cancer research, diagnostics and treatment,
Precipio offers a new standard of diagnostic accuracy enabling the
highest level of patient care.



REDROCK WELL: $2K Monthly Payment for Unsecureds Over 36 Months
---------------------------------------------------------------
RedRock Well Service, LLC, filed with the U.S. Bankruptcy Court for
the District of Utah a disclosure statement related to its plan of
reorganization dated Sept. 1, 2017.

The Plan provides for the continued operation of the Debtor after
confirmation by the reorganized Debtor. Repayment of claims will be
made from funds generated from the reorganized Debtor's operations.
Holders of administrative expenses may agree to be paid over some
period of time after the effective date of the Plan. Ongoing
operating expenses incurred post-petition by the Debtor will be
paid as they come due.

The secured claims of Ally Financial, Ally Bank, and Ford Motor
Credit Company were oversecured and current at the time the Debtor
filed its bankruptcy petition. The Debtor will pay these claims in
accordance with their contracts. Accordingly, these claims are
unimpaired and are deemed to have voted in favor of the Debtor's
Plan. The Debtor is negotiating with Wells Fargo regarding the
payment of its claim secured by various vehicles retained by the
Debtor. The Debtor's Plan provides for the payment of that
estimated claim consistent with the terms of the stipulation
reached with Wells Fargo.

Any unsecured deficiency claim of Wells Fargo will be paid pro rata
with the other unsecured creditors in this case. The Debtor is
currently negotiating with the IRS to reduce its priority claim and
secured claim. The Debtor believes that those negotiations will be
successful and will result in the IRS filing an amended proof of
claim with substantially lower claim amounts.

Depending on the outcome of the negotiations with the IRS, it is
anticipated that the nonpriority unsecured claims will receive a
prorate portion of equal monthly installments of $2,000, commencing
30 days from the effective date of the Plan for a period of 36
months. This amount may be lower if the Debtor ends up paying more
to the IRS. No interest will be paid on the priority tax claims or
the nonpriority unsecured claims.

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

     http://bankrupt.com/misc/utb16-29891-55.pdf

                About RedRock Well Service

RedRock Well Service, LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Utah Case No. 16-29891) on November 8,
2016.  The petition was signed by Randall G. Shelton, manager.  

At the time of the filing, the Debtor estimated assets of less than
$50,000 and liabilities of less than $500,000.

The case is assigned to Judge Kevin R. Anderson.  Diaz & Larsen
serves as the Debtor's bankruptcy counsel.


ROBERT LAMPE: Business Income to Fund Latest Plan
-------------------------------------------------
Robert Thomas Lampe, Mariah Farms, Inc., and Whirlwind Farms, Inc.,
filed with the U.S. Bankruptcy Court for the District of Kansas a
second amended combined disclosure statement and chapter 11 plan of
reorganization dated Sept. 1, 2017.

This latest filing provides that in 2017, Lampe liquidated about
712 acres of real estate which he owned and Whirlwind liquidated
about 676 acres of real estate which it owned. Together with other
efforts made by the Debtors, these actions have reduced the amount
of debt which must be reorganized under the Plan by around
$1,325,000. As a result, the Debtors propose to value their
property as set forth in the Combined Liquidation Analysis.

This plan also added the creditors' various claims and classified
them into 19 classes.

Class 17 under the plan consists of all Unsecured Claims without
priority against Lampe which are not included in any other Classes
established under the Plan.

Class 18 consists of all Unsecured Claims without priority against
Mariah which are not included in any other Classes established
under the Plan.

Class 19 consists of all Unsecured Claims without priority against
Whirlwind which are not included in any other Classes established
under the Plan.

The Debtors propose to fund the execution of this Plan by
continuing the Debtors businesses and employments and to make the
payments provided for under this Plan out of the income arising
from such activities.

The Troubled Company Reporter previously reported that under the
previous restructuring plan, Lampe, the sole officer, director, and
stockholder of Whirlwind Farms and Mariah Farms, will retain all of
his capital stock in the companies.

A copy of the Amended Disclosure Statement is available at:

     http://bankrupt.com/misc/ksb16-10623-71.pdf

                 About Robert Thomas Lampe

Robert Thomas Lampe is the sole officer, director, and stockholder
of Mariah Farms Inc. and Whirlwind Farms Inc., which produce crops
and livestock near Kendall, Kansas.

Robert Thomas Lampe and his companies sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. D. Kan. Case Nos.
16-10621 to 16-10623) on April 12, 2016.   On June 9, 2016, the
court ordered the joint administration of the cases.   

At the time of the filing, both companies estimated their assets
and liabilities at $1 million to $10 million.  

A three-member committee of unsecured creditors was appointed on
October 25, 2016.


ROBERT SPENLINHAUER: IRS Not Barred from Amending Proof of Claim
----------------------------------------------------------------
Judge Joan N. Feeney of the U.S. Bankruptcy Court for the District
of Massachusetts issued an order denying Debtor Robert J.
Spenlinhauer's Motion for Summary Judgment Relative to Estate Tax
Claim of the United States of America as he failed to establish
entitlement to judgment as a matter of law, and granting the
Cross-Motion for Partial Summary Judgment and the Motion to Permit
Late Filed Tax Claim filed by the United States.

The Debtor's Motion for Summary Judgment arises in the context of a
contested matter initiated by the filing of "Creditor United States
of America's Motion to Determine Tax Liability Pursuant to Section
505(a)." Pursuant to that motion, the United States seeks a
determination that the Debtor is personally liable for an estate
tax obligation as a transferee of the estate of Georgia M.
Spenlinhauer, the Debtor's deceased mother, as he was the executor
and beneficiary of his mother's estate and did not file a Form 706
estate tax return for her estate until Feb. 8, 2017, more than 12
years after his mother passed away.

Through his summary judgment motion, the Debtor seeks entry of an
order finding that the proof of claim bar date of May 2, 2014,
established by this Court pursuant to its bar order entered on
March 24, 2014, prevents the filing by the United States Department
of the Treasury, Internal Revenue Service of an amended or new
proof of claim asserting an estate tax claim for which the Debtor
may be liable as executor and beneficiary of his deceased mother's
estate. In support of his motion, the Debtor filed a Concise
Statement of Material Facts, an Affidavit, and a "Memorandum of Law
in Support of Motion for Summary Judgment Regarding the Objection
to Estate Tax Portion of Amended Claim Number 10 filed by the
Internal Revenue Service."

The IRS filed an Opposition to the Debtor's summary judgment
motion. In addition, it filed a Cross-Motion for Partial Summary
Judgment, as well as a Concise Statement of Material Facts in
Support of its Opposition and Cross-Motion for Partial Summary
Judgment, a Brief in Opposition to the Motion for Summary Judgment
and in Support of its Cross-Motion for Partial Summary Judgment,
and the Declaration of Nicholas R. Ernick in Support of its
Opposition and Cross-Motion for Partial Summary Judgment. It seeks
an order "granting partial summary judgment [in] its favor finding
that the claims bar date, in this case, does not prevent the
Internal Revenue Service from amending its proof of claim,
post-claims bar date, to assert estate tax-related claims against
the Debtor, and to assert income tax claims against the Debtor
regarding tax year 2005."

In this case, while the Debtor may have been unaware of the need to
file an estate tax return and/or an income tax return for his
mother's estate, he knew that he inherited the Hingham Property, as
well as other property, from his mother and he knew of the
potential need to file an estate tax return as David Erb filed an
Application for Extension of Time to file such a return with the
Commonwealth of Massachusetts. The Debtor sought and obtained an
Employee Identification Number and he depreciated the Hingham
Property over several years. All that information was in his
possession and is the same information that the Debtor contends the
IRS should have discovered to ascertain whether it had a claim for
estate taxes following service at a single address in Boston,
Massachusetts.

When the Debtor filed his schedules of liabilities, omitting any
reference to estate tax claims, he did so under penalty of perjury
intending creditors to rely upon their truth and accuracy. He
failed to list the IRS as the holder of a claim with respect to the
estate taxes but, nevertheless, argues that it should have been
aware of all the facts that he possessed but did not disclose. The
Debtor's position presumes that the IRS would have undertaken a
search of its data base for all potential claims of taxpayers with
the last name "Spenlinhauer," owing to the absence of information
such as W-2s, 1099s and other periodic returns which typically
trigger investigation, for a period of time well before the
commencement of his case, in addition to using his social security
number to ascertain its claims against him for his personal income
taxes. The IRS did not file a proof of claim for the estate taxes
until such time as the Debtor filed a Form 706 with the IRS. Under
all those circumstances, the IRS established cause for an extension
as well as excusable neglect. The Debtor is equitably estopped from
contending otherwise.

A full-text copy of Judge Feeney's Memorandum dated Sept. 8, 2017,
is available at:
     
      http://bankrupt.com/misc/mab13-17191-1251.pdf

             About Robert J. Spenlinhauer

Robert J. Spenlinhauer sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E. D. Mass. Case No. 13-17191) on Dec. 16,
2013.

The Debtor is represented by Gary W. Cruickshank, Esq., who has an
office in Boston, Massachusetts.


ROBERT SPENLINHAUER: Loses Bid for Summary Judgement vs. MDOR
-------------------------------------------------------------
Judge Joan N. Feeney of the U.S. Bankruptcy Court for the District
of Massachusetts addresses Debtor Robert J. Spenlinhauer's Motion
for Summary Judgment Relative to Estate Tax Claim of the
Massachusetts Department of Revenue. Spenlinhauer seeks an order
granting summary judgment in his favor and finding that the proof
of claim bar date May 2, 2014, prevents the filing by the MDOR of
an amended or a new proof of claim asserting an estate tax claim.
In conjunction with his motion for summary judgment, the Debtor
filed a Concise Statement of Material Facts, an Affidavit, and a
"Memorandum of Law in Support of Motion for Summary Judgment
Regarding the Objection of Debtor to Estate Tax Portion of Claim
Number 31 Filed by the Massachusetts Department of Revenue."

Upon evaluation of the arguments, Judge Feeney denies the Debtor's
motion for summary judgment.

The Court finds that while the Debtor may have been unaware of the
need to file an estate tax return and/or an income tax return for
his mother's estate, he knew that he inherited the Hingham
Property, as well as other property, from his mother and he knew or
must be deemed to have known, of the potential need to file an
estate tax return as his executor David Erb filed an Application
for Extension of Time to file such a return with the Commonwealth
of Massachusetts. The Debtor sought and obtained an Employer
Identification Number and he depreciated the Hingham Property over
several years. All that information was in his possession and is
the same information that the Debtor contends the MDOR should have
used to ascertain whether it had a claim for estate taxes.  

When the Debtor filed his schedules of liabilities, omitting any
reference to estate tax claims, he did so under penalty of perjury
intending creditors to rely upon their truth and accuracy. He
failed to list the MDOR as the holder of a claim with respect to
the estate taxes but, nevertheless, argues that it should have been
aware of all the facts that he possessed but did not disclose,
presumably by using his social security number or some type of
search of all taxpayers with the last name "Spenlinhauer," owing to
the absence of information such as W-2s, 1099s and other periodic
returns which typically trigger investigation, for a period of time
well before the commencement of his case. The MDOR conducted such a
search and found no information from which it could determine the
existence of a claim. The MDOR did not file a proof of claim for
the estate taxes until such time as the Debtor filed a Form 706
with the IRS. Under all those circumstances, the MDOR's failure to
do, assuming neglect, was excusable and there is ample cause to
extend the Bar Date. The Debtor is equitably estopped from
contending otherwise.

A full-text copy of Judge Feeney's Memorandum dated Sept. 8, 2017,
is available at:

     http://bankrupt.com/misc/mab13-17191-253.pdf

                 About Robert J. Spenlinhauer

Robert J. Spenlinhauer sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E. D. Mass. Case No. 13-17191) on Dec. 16,
2013.

The Debtor is represented by Gary W. Cruickshank, Esq., who has an
office in Boston, Massachussetts.


ROCK STAR CHEF: Taps Orlando Hernandez as Accountant
----------------------------------------------------
Rock Star Chef Corporation seeks approval from the U.S. Bankruptcy
Court for the District of Puerto Rico to hire an accountant.

The Debtor proposes to employ Orlando Ortega Hernandez to provide
general accounting and financial consulting services in connection
with the filing of its Chapter 11 case and plan of reorganization.

Mr. Hernandez will charge $400 per month for his services.

In a court filing, Mr. Hernandez disclosed in a court filing that
he is a "disinterested person" as defined in section 101(14) of the
Bankruptcy Code.

Mr. Hernandez maintains an office at:

     Orlando Ortega Hernandez
     Urb. Mansiones del Lago
     La Mansion Box 102, Levittown
     Toa Baja, PR 00949-3260
     Phone: (787) 608-5738

                   About Rock Star Chef Corporation

Rock Star Chef Corporation, filed a Chapter 11 bankruptcy petition
Bankr. D.P.R. Case No. 17-03998) on June 2, 2017, disclosing less
than $1 million in both assets and liabilities.  The Debtor is
represented by Noemi Landrau Rivera, Esq., at Landrau Rivera &
Assoc.


ROSENBAUM FARM: Seeks to Hire Hicok Fern as Accountant
------------------------------------------------------
Rosenbaum Farm, LLC and Rosenbaum Feeder Cattle, LLC seek approval
from the U.S. Bankruptcy Court for the Western District of Virginia
to hire Hicok, Fern & Company CPAs as their accountant and
financial advisor.

The firm will, among other things, provide monthly bookkeeping
services; prepare year-end tax filings and reports requested by the
court and the Debtors' legal counsel; and provide accounting and
consulting services.

David Brown, a certified public accountant who will be the primary
partner in charge of the engagement, will charge $150 per hour.

Hicok may use other staff accountants, bookkeepers and support
personnel if needed.  The hourly rates range from $85 to $95 for
the staff accountants and from $50 to $65 for bookkeepers.  Support
personnel will charge $40 per hour.

The firm received a retainer of $5,000 from Rosenbaum Feeder and
$1,000 from Rosenbaum Farm prior to the petition date.

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

The firm can be reached through:

     David B. Brown, Esq.
     Hicok, Fern & Company CPAs
     155 E. Valley Street
     P.O. Box 821
     Abingdon, VA 24212-0821
     Phone: (276) 628-1123
     Fax: (276) 676-3000
     Email: hicokfem&cotillinxicpa.com

           About Rosenbaum Farm and Rosenbaum Feeder

Rosenbaum Farm, LLC and Rosenbaum Feeder Cattle, LLC own a hog
feedlot facility at 36000 Allison Lane, Glade Spring, Virginia.

The Debtors sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. W.D. Va. Case Nos. 17-70962 and 17-70963) on July 20,
2017.  William Todd Rosenbaum, secretary and treasurer, signed the
petitions.

At the time of the filing, both Debtors disclosed that they had
estimated assets and liabilities of $1 million to $10 million.

Judge Paul M. Black presides over the cases.  The Debtors hired
Stoll Keenon Ogden PLLC as bankruptcy counsel, and Browning, Lamie
& Gifford, P.C., as local counsel.


RUE21 INC: Bankruptcy Court Confirms Reorganization Plan
--------------------------------------------------------
rue21, Inc., a teen specialty apparel retailer, on Sept. 11
disclosed that the U.S. Bankruptcy Court for the Western District
of Pennsylvania (the "Court") has confirmed the Company's Plan of
Reorganization, which clears the way for rue21 to emerge from the
bankruptcy process after less than four months.

"[Mon]day's confirmation represents an important step forward in
rue21's ongoing business transformation to a sustainable business
model for a highly performing retailer," said Melanie Cox, Chief
Executive Officer of rue21.  "We are very pleased to have moved
through the restructuring process in a relatively short period.
With the support of our lenders, our landlords, all of our business
partners and the hard work of our team, the Company has performed
consistently well ahead of its liquidity plan, and exceeded its
second quarter target for Adjusted EBITDA by over 200%."

Ms. Cox added, "rue21 can now move forward from a position of
renewed strength, with a highly relevant brand, an enthusiastic and
loyal customer base, hundreds of highly performing stores, and a
rapidly growing eCommerce business supported by strong vendor
relationships and terms that are trending well above plan."

The Company expects the Plan of Reorganization to become effective
by September 15, 2017, once all closing conditions have been met.

Information about the Company's chapter 11 filing can be found on
its website at www.rue21.com/restructuring or on the website of its
claims agent at www.kccllc.net/rue21.  A toll free restructuring
information line is also available by calling (888) 647-1738 or, if
calling from outside the U.S. or Canada, (310) 751-2625.

                          About rue21

rue21 -- http://www.rue21.com/-- is a teen specialty apparel
retailer.  For over 37 years, rue21 has been famous for offering
the latest trends at an affordable price point. It has core brands
in girls' apparel (rue21), intimate apparel (true), girls'
accessories (etc!), girls' cosmetics (ruebeaute!), guys' apparel
and accessories (Carbon), girls' plus-size apparel (rue+), and
girls' swimwear (ruebleu).  The company is headquartered in
Warrendale, Pennsylvania and have one distribution center located
in Weirton, West Virginia.

Headquartered just north of Pittsburgh, Pennsylvania, rue21 had
1,179 stores in 48 states in shopping malls, outlets and strip
centers, and on its website.  In April 2017, Company began the
process of closing approximately 400 underperforming stores in its
1,179 store fleet in order to streamline operations.

On May 15, 2017, rue21, inc., and affiliates filed voluntary
petitions for relief under Chapter 11 of the Bankruptcy Code
(Bankr. W.D. Pa. Lead Case No. 17-22045).  Todd M. Lenhart, the
Company's senior vice president, treasurer, chief financial
officer, and chief accounting officer, signed the petitions.

The Debtors have sought joint administration of the Chapter 11
cases.  

The Honorable Gregory L. Taddonio is the case judge.

rue21 estimated $1 billion to $10 billion in assets and
liabilities.

The Debtors tapped Reed Smith LLP as local counsel; Kirkland &
Ellis LLP as bankruptcy counsel; Rothschild Inc., as investment
banker; Berkeley Research Group, LLC, as financial advisor; A&G
Realty Partners, LLC, as real estate advisor and consultant; and
Kurtzman Carson Consultants LLC as claims and notice agent.

Counsel to the DIP Term Loan Agent, DIP Term Loan Lenders,
Prepetition Term Loan Agent and Term Loan Steering Committee are
Scott J. Greenberg, Esq., Michael J. Cohen, Esq., and Jeffrey J.
Bresch, Esq., at Jones Day.

Counsel to the DIP ABL Agent and the Prepetition ABL Agent are
Julia Frost-Davies, Esq., and Amelia C. Joiner, Esq., at Morgan
Lewis & Bockius LLP; and James D. Newell, Esq., and Timothy Palmer,
Esq., at Buchanan Ingersoll & Rooney PC.

The Sponsor Lenders are represented by Simpson Thacher & Bartlett's
Elisha D. Graff, Esq.

An Ad Hoc Cross-Holder Group is represented by Milbank, Tweed,
Hadley & McCloy's Gerard Uzzi, Esq., and Eric Stodola, Esq.

Andrew R. Vara, Acting U.S. Trustee for Region 3, on May 23, 2017,
appointed seven creditors to serve on the official committee of
unsecured creditors.  The Committee has tapped Cooley LLP as
counsel; and Fox Rothschild LLP as local counsel.


RUE21 INC: Court Overrules Committee Objection, Confirms Ch.11 Plan
-------------------------------------------------------------------
The Official Committee of Unsecured Creditors objected to the
confirmation of rue21, inc., et al.'s Plan to the extent it
releases the Debtors' claims against its equity holder.  The claims
currently have no merit, but the Committee suggests they could be
resurrected by a favorable ruling from the Supreme Court of the
United States over the next ten months.  The Committee asks to
preserve those claims by striking the release language from the
plan and inserting a new provision which creates a liquidating
trust to prosecute the claims if they ever become viable.

After considering the evidence presented at the confirmation
hearing, Judge Gregory Taddoni of the U.S. Bankruptcy Court for the
Western District of Pennsylvania finds no basis to delay
confirmation pending a ruling that may never come.  The Bankruptcy
Court also finds no basis to materially rewrite a plan that the
creditor body overwhelmingly accepted. Thus, the Bankruptcy Court
overrules the Committee's objection and said it will approve
confirmation of the Plan.

Despite its public support for the Plan and its hope for an
expedient confirmation, the Committee questions the propriety of a
release granted to Apax Partners L.P. and its affiliates in Article
VIII.C of the Plan. The Committee believes Apax and certain
affiliates may have received constructive fraudulent transfers as
part of the leveraged buy-out, and it seeks to preserve those
claims for the benefit of the bankruptcy estate. One affiliate,
Saunders, Karp & Megrue Partners, LLP, reportedly received $300
million from the LBO as the largest shareholder at the time it
occurred.

After reviewing the record, the Court concludes that the
constructive fraudulent transfer claim against Apax has no merit
and is barred as a matter of law. Section 546(e) of the Bankruptcy
Code prohibits the avoidance of transfers by or to a financial
institution that are made in connection with a securities contract
or that constitute settlement payments.63 Courts in this Circuit
have extended this "safe-harbor" defense to transfers made in
connection with a leveraged buy-out such as this leverage buy-out.
The distributions received by Apax constitute settlement payments
by a financial institution under section 546(e) and are protected
from the constructive fraud claim alleged by the Committee.

The Committee nonetheless challenges the application of section
546(e) safe harbor on the basis that the financial institution
handling the transfers of stock and money in the LBO was merely
acting as a conduit in the transaction. Under binding Third Circuit
precedent, however, the section 546(e) safe harbor defense is not
vitiated simply because the financial institution serves as a
conduit for the transfer. The Committee suggests that the better
view was expressed by the Seventh Circuit in FTI Consulting, Inc.
v. Merit Mgmt. Grp., LP,66 which held that the financial
institution under section 546(e) must have a beneficial interest in
the transactions. With the circuits split between the two
approaches, the Supreme Court decided to grant certiorari in Merit
Management. It will take up the case on Nov. 6, 2017.

The Court concludes that the safe harbor provision of section
546(e), as applied in this Circuit, operates as a complete defense
to state-law avoidance claims and constructive claims as alleged by
the Committee against Apax. Thus, it does not reach the question of
the applicable statutes of limitations.

In summary, the Court not speculate on the outcome of future
rulings, nor is it required to do so. Because the Committee's
objection is rooted in a fundamental error of law, the Court cannot
conclude that any colorable constructive fraudulent transfer claims
exist against Apax. Having reviewed all of the factors necessary to
assess the fairness of the Apax Release, the Court finds no
compelling reason to exclude Apax from the release provisions of
Article VIII.C of the Plan.

A full-text copy of Judge Taddoni's Memorandum Opinion dated Sept.
8, 2017, is available at:

     http://bankrupt.com/misc/pawb17-22045-1082.pdf

                        About rue21

rue21 -- http://www.rue21.com/-- is a teen specialty apparel
retailer.  For over 37 years, rue21 has been famous for offering
the latest trends at an affordable price point. It has core brands
in girls' apparel (rue21), intimate apparel (true), girls'
accessories (etc!), girls' cosmetics (ruebeaute!), guys' apparel
and accessories (Carbon), girls' plus-size apparel (rue+), and
girls' swimwear (ruebleu).  The company is headquartered in
Warrendale, Pennsylvania and have one distribution center located
in Weirton, West Virginia.

Headquartered just north of Pittsburgh, Pennsylvania, rue21 had
1,179 stores in 48 states in shopping malls, outlets and strip
centers, and on its website.  In April, Company began the process
of closing approximately 400 underperforming stores in its 1,179
store fleet in order to streamline operations.

On May 15, 2017, rue21, inc., and affiliates filed voluntary
petitions for relief under Chapter 11 of the Bankruptcy Code
(Bankr. W.D. Pa. Lead Case No. 17-22045).  Todd M. Lenhart, the
Company's senior vice president, treasurer, chief financial
officer, and chief accounting officer, signed the petitions.

The Debtors have sought joint administration of the Chapter 11
cases.  The Honorable Gregory L. Taddonio is the case judge.

The Debtors tapped Reed Smith LLP as local counsel; Kirkland &
Ellis LLP as bankruptcy counsel; Rothschild Inc., as investment
banker; Berkeley Research Group, LLC, as financial advisor; A&G
Realty Partners, LLC, as real estate advisor and consultant; and
Kurtzman Carson Consultants LLC as claims and notice agent.

rue21 estimated $1 billion to $10 billion in assets and
liabilities.

Counsel to the DIP Term Loan Agent, DIP Term Loan Lenders,
Prepetition Term Loan Agent and Term Loan Steering Committee are
Scott J. Greenberg, Esq., Michael J. Cohen, Esq., and Jeffrey J.
Bresch, Esq., at Jones Day.

Counsel to the DIP ABL Agent and the Prepetition ABL Agent are
Julia Frost-Davies, Esq., and Amelia C. Joiner, Esq., at Morgan
Lewis & Bockius LLP; and James D. Newell, Esq., and Timothy Palmer,
Esq., at Buchanan Ingersoll & Rooney PC.

The Sponsor Lenders are represented by Simpson Thacher & Bartlett's
Elisha D. Graff, Esq.

An Ad Hoc Cross-Holder Group is represented by Milbank, Tweed,
Hadley & McCloy's Gerard Uzzi, Esq., and Eric Stodola, Esq.

Andrew R. Vara, Acting U.S. Trustee for Region 3, on May 23, 2017,
appointed seven creditors to serve on the official committee of
unsecured creditors.  The Committee has tapped Cooley LLP as
counsel; and Fox Rothschild LLP as local counsel.


RUSSEL METALS: Moody's Alters Outlook to Pos. & Affirms Ba3 CFR
---------------------------------------------------------------
Moody's Investors Service changed Russel Metals, Inc.'s outlook to
positive from negative to reflect the significant improvement in
the company's operating performance and credit metrics and the
expectation these trends will continue over the next 12 to 18
months. At the same time, Moody's affirmed Russel Metals' Ba3
corporate family rating, Ba3-PD probability of default rating, B1
senior unsecured note rating and its Speculative Grade Liquidity
Rating of SGL-2.

The following rating action was taken:

Affirmations:

Corporate Family Rating, Ba3;

Probability of Default Rating, Ba3-PD;

Senior Unsecured Notes, B1 (LGD 5);

Speculative Grade Liquidity Rating, affirmed at SGL-2

Outlook Actions:

Outlook, Changed to Positive from Negative

RATINGS RATIONALE

Russel Metals' Ba3 corporate family rating reflects its moderate
size and scale, relatively low leverage, good liquidity and the
counter-cyclical working capital investment that enhances liquidity
in down markets. However, the rating also reflects the company's
low profit margins, volatile free cash flow and high dividend
payout ratio. In addition, the rating incorporates Russel's
exposure to the highly cyclical oil & gas sector and steel price
volatility, which have caused high variability in its recent
operating results and credit metrics.

Russel Metals' operating performance improved substantially during
the first half of 2017. Its revenues rose by 26% and its adjusted
EBITDA increased by about 70% to $132 million versus $78 million
during the same period in 2016. The significant improvement has
been supported by higher oil and gas sector capital spending and
improved product prices and has led to substantially stronger
credit metrics. Its leverage ratio has declined to 2.5x
(Debt/EBITDA) in June 2017 from 2.8x in December 2016, and its
interest coverage ratio (EBITA/Interest Expense) has risen to 5.7x
from 3.5x. Its profitability has also significantly improved with
its adjusted operating margin rising to 6.4% from 3.8%, but still
remaining at a low level due to competitive pressures and the low
margins inherent in the distribution business model.

Moody's anticipates that Russel's operating results will improve
substantially in the second half of 2017 versus 2016. Therefore,
Moody's expects the company to produce adjusted EBITDA in the range
of $230 - $250 million in 2017 versus $154 million in 2016. Its
credit metrics will also continue to strengthen, but this will be
tempered by modestly increased borrowings in the second half since
it will be required to invest in working capital to support
increased demand and will pay out about $47 million in dividends.
As a result, Moody's anticipates its adjusted leverage ratio will
decline modestly to about 2.3x and its interest coverage ratio will
rise above 6.0x at the end of 2017. These metrics are strong for
the current rating, but the assigned rating also reflects the
company's weak profit margins and its exposure to the highly
cyclical oil & gas sector and steel price volatility.

Russel Metals' SGL-2 rating reflects its good liquidity profile
supported by its $175 million cash balance and $183 million of
availability on its primary C$400 million revolving credit facility
as of June 30, 2017. The company had $137 million in borrowings and
$80 million in letters of credit outstanding. Russel had negative
free cash flow of about $104 million during the first half of 2017
due to $47 million in dividend payments and about $130 million in
investments in working capital to support stronger demand. Moody's
expects the company to produce negative free cash flow in the
second half of the year as working capital investments are
increased, but it should be at a lower level than in the first half
and Russel should maintain a good liquidity position.

The positive outlook reflects our expectation that Russel's
operating performance and credit metrics will continue to
strengthen in 2017 and remain strong for its rating. Russel's
outlook could return to stable if the company's operating
performance is weaker than expected and its leverage ratio rises
above 3.5x or its operating margin declines below 5%.

Upside rating movement could occur if oil & gas and steel sector
conditions remain stable or improve further and Russel Metals
sustains an interest coverage ratio above 4.0x and an operating
margin above 6%.

A downgrade is not likely in the near term, but could be considered
if Russel's operating results and credit metrics substantially
deteriorate. Downside triggers would include a leverage ratio above
4.0x, interest coverage below 3.0x or an operating margin below
5%.

Russel Metals, headquartered in Mississauga, Ontario, is a leading
North American metal distributor with 64 metals service centers and
67 energy products locations in Canada and the US. The company
operates in three metal distribution segments. Metals Service
Centers (51% of LTM revenue) distributes carbon hot rolled and cold
finished steel, pipe and tubular products, stainless steel and
aluminum products. Energy Products (38%) distributes oil country
tubular goods, line pipe, valves and fittings. Steel Distributors
(11%) sells steel in large volumes to steel service centers and
large equipment manufacturers. For the LTM period ended June 30,
2017, the company had approximately $2.9 billion in revenues with
about 70% of its revenues generated in Canada (all figures are in
Canadian dollars unless otherwise noted).

The principal methodology used in these ratings was Distribution &
Supply Chain Services Industry published in December 2015.


RXI PHARMACEUTICALS: Amends 8 Million Shares Resale Prospectus
--------------------------------------------------------------
RXi Pharmaceuticals Corporation filed with the Securities and
Exchange Commission an amendment no.1 to its Form S-1 registration
statement covering the sale of an aggregate of up to 8,048,797
shares of its common stock, $0.0001 par value per share, by Timothy
J. Barberich, Alexey Eliseev, Ph.D., Alexey Wolfson, et al.  The
Company amended the Registration Statement to delay its effective
date.

The Shares being offered consist of (a) 3,868,595 shares of Common
Stock issued pursuant to a Stock Purchase Agreement dated as of
Jan. 6, 2017, and (b) up to 4,180,202 shares of Common Stock
issuable upon the achievement of certain development or commercial
milestones within two years of the Stock Purchase Agreement.

The Company will not receive any proceeds from the sale by the
Selling Stockholders of the shares covered by the prospectus.  The
Company is paying the cost of registering the shares covered by the
prospectus, as well as various related expenses.

The Company's Common Stock is currently listed on The NASDAQ
Capital Market under the symbol "RXII".  The closing price of the
Comany's Common Stock on July 28, 2017, as reported by NASDAQ, was
$0.6301 per share.

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

                       https://is.gd/BKXmWf

                           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 June 30, 2017, RXi Pharmaceuticals disclosed $8.39 million in
total assets, $2.45 million in total liabilities, all current, and
$5.93 million in total stockholders' equity.


SAVANNA ENERGY: S&P Affirms Then Withdraws 'B+' Corp Credit Rating
------------------------------------------------------------------
S&P Global Ratings said it affirmed its 'B+' long-term corporate
credit rating on Calgary, Alta.-based Savanna Energy Services Corp.
At the same time, S&P Global Ratings also affirmed its 'BB-'
issue-level rating on the company's senior unsecured debt. The '2'
recovery rating on the debt is unchanged. The outlook is stable.
Subsequently, S&P Global Ratings withdrew its ratings on Savanna at
the company's request.

At the time of withdrawal, Savanna's credit reflected S&P's view
that the company should benefit from Total Energy Services Inc.'s
ownership due to slightly higher scale and product diversification.


Moreover, the company will have a more robust balance sheet that
should support its capital investment plan for the next two years.
This should result in more stable margins and improved cash flow
metrics, with two-year, weighted-average funds from
operation-to-debt above 20%.


SCI DIRECT: Restless Noggins Joins Creditor's Committee
-------------------------------------------------------
Daniel M. McDermott, U.S. Trustee Region 9, on Sept. 7 added
Restless Noggins Manufacturing, LLC, to the official committee of
unsecured creditors in the Chapter 11 cases of SCI Direct, LLC, and
its debtor affiliates.

As reported by the Troubled Company Reporter on Aug. 28, 2017, the
U.S. Trustee on Aug. 24 appointed four creditors to serve on the
Committee.

The committee now includes:

     (i) NAMANCO PRODUCTIONS, INC.
         c/o James C. Walsh
         300 E. 51st Street, Suite 7D
         New York, NY 10022
         Tel: (212) 688-6310
         Fax: (212) 758-7875
         (Temporary Chairperson)

     (2) DESIGN MOLDED PLASTICS
         c/o Martin Puleo
         8220 Bavaria Road
         Macedonia, OH 44056
         Tel: (330) 963-4400 Ext. 125
         Fax: (330) 963-4300

     (3) BLUE TECHNOLOGIES, INC.
         c/o Clara Nader
         5885 Grant Avenue
         Cleveland, OH 44105
         Tel: (216) 271-4800
         Fax: (216) 271-0127

     (4) YODER GRAPHIC SYSTEMS, INC.
         c/o Marc Yoder
         724 Seville Road
         Wadsworth, OH 44281
         Tel: (330) 334-5060
         Fax: (330) 328-1150

     (5) RESTLESS NOGGINS MANUFACTURING, LLC
         c/o Neil R. Tyburk
         P.O. Box 2995
         North Canton, OH 44720
         Tel: (330) 494-8388
         Fax: (330) 497-1823

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

                   About Suarez Corporation

Suarez Corporation Industries -- 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.

Daniel M. McDermott, U.S. Trustee Region 9, has appointed five
creditors to serve on the official committee of unsecured creditors
in the Chapter 11 cases of SCI Direct, LLC, and its debtor
affiliates.


SENIOR CARE GROUP: Committee Taps Stevens & Lee as Lead Counsel
---------------------------------------------------------------
The official committee of unsecured creditors of Senior Care Group,
Inc. seeks approval from the U.S. Bankruptcy Court for the Middle
District of Florida to hire Stevens & Lee, P.C. as its lead
counsel.

The firm will, among other things, advise the committee regarding
its duties under the Bankruptcy Code; negotiate with creditors of
SCG and its affiliates; give advice regarding any sale of the
Debtors' assets; and represent the committee in the negotiation of
any Chapter 11 plan.

The principal attorneys assigned to represent the committee and
their standard hourly rates are:

     Robert Lapowsky     $695
     Joanne Judge        $675
     Jason Angelo        $275

Stevens & Lee has agreed to cap its hourly rates at $550.

Robert Lapowsky, Esq., a shareholder of Stevens & Lee, disclosed in
a court filing that his firm is a "disinterested person" as defined
in section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Robert Lapowsky, Esq.
     Stevens & Lee, P.C.
     620 Freedom Business Center, Suite 200
     King of Prussia, PA 19406
     Phone: 610-205-6000
     Fax: 610-337-4374

                  About Senior Care Group Inc.

Senior Care Group, Inc. is a non-profit corporation which, through
its wholly-owned subsidiaries, provides residents and patients with
nursing and long-term health care services.

Senior Care Group and its six affiliates sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. M.D. Fla. Lead Case No.
17-06562) on July 27, 2017.  David R. Vaughan, chairman of the
Board, signed the petitions.  Scott A. Stichter, Esq., at Stichter
Riedel Blain & Postler, P.A., serves as the Debtors' Chapter 11
counsel.

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

The U.S. Trustee for Region 21 appointed Mary L. Peebles as the
patient care ombudsman for Key West Health and Rehabilitation
Center LLC, SCG Baywood LLC, SCG Gracewood LLC, and SCG
Laurellwood, LLC.

On August 18, 2017, the U.S. trustee appointed an official
committee of unsecured creditors.


SENIOR CARE GROUP: Committee Taps Trenam Kemker as Co-Counsel
-------------------------------------------------------------
The official committee of unsecured creditors of Senior Care Group,
Inc. seeks approval from the U.S. Bankruptcy Court for the Middle
District of Florida to hire Trenam, Kemker, Scharf, Barkin, Frye,
O'Neill & Mullis, P.A.

Trenam will serve as co-counsel with Stevens & Lee, P.C., the firm
tapped by the committee to be its lead counsel in connection with
the Chapter 11 cases of SCG and its affiliates.

Lori Vaughan, Esq., and Megan Murray, Esq., the attorneys who will
be handling the cases, will charge $395 per hour and $275 per hour,
respectively.

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

The firm can be reached through:

     Lori V. Vaughan, Esq.
     Trenam, Kemker, Scharf, Barkin
     Frye, O'Neill & Mullis, P.A.
     101 East Kennedy Boulevard, Suite 2700
     Tampa, FL 33602
     Tel: (813) 223-7474
     Fax: (813) 229-6553

                  About Senior Care Group Inc.

Senior Care Group, Inc. is a non-profit corporation which, through
its wholly-owned subsidiaries, provides residents and patients with
nursing and long-term health care services.

Senior Care Group and its six affiliates sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. M.D. Fla. Lead Case No.
17-06562) on July 27, 2017.  David R. Vaughan, chairman of the
Board, signed the petitions.  Scott A. Stichter, Esq., at Stichter
Riedel Blain & Postler, P.A., serves as the Debtors' Chapter 11
counsel.

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

The U.S. Trustee for Region 21 appointed Mary L. Peebles as the
patient care ombudsman for Key West Health and Rehabilitation
Center LLC, SCG Baywood LLC, SCG Gracewood LLC, and SCG
Laurellwood, LLC.

On August 18, 2017, the U.S. trustee appointed an official
committee of unsecured creditors.


SENIOR COMMUNITY HOUSING: Taps Totaro & Shanahan as Bankr. Counsel
------------------------------------------------------------------
Senior Community Housing Long Beach, LLC seeks authorization from
the U.S. Bankruptcy Court for the Central District of California to
employ Michael R. Totaro and Totaro & Shanahan as general
insolvency counsel, effective August 24, 2017.

The Debtor requires Totaro & Shanahan to:

   (a) provide pre-petition counseling, attend lengthy meetings,
       phone calls, and discussions concerning the various
       chapters, benefits and disadvantages of filing a chapter
       11 case and debtor's rights and responsibilities as
       chapter 11 debtor in possession, including the
       requirements of the Bankruptcy Code, the Federal Rules of
       Bankruptcy Procedure, the Local Bankruptcy Rules, and the
       United States Trustee Guidelines;

   (b) prepare documents, including the petition and schedules,
       status reports, review and provide consultation concerning
       Monthly Operating Reports, and personally attend all
       hearings, including but not limited to the Status
       Conference, Initial Debtor Interview, the meeting of
       creditors pursuant to Bankruptcy Code section 341(a) or
       any continuance thereof, and all status conferences; and
       prepare any first day motions and employment applications
       and all hearings on motions, the disclosure statement and
       Chapter 11 plan;

   (c) consult with the Debtor's representative concerning
       documents needed and reports to be prepared; and
       consult with real estate counsel regarding title and
       other issues;

   (d) assist the Debtor in preparation of documents for
       compliance with the requirements of the Office of the
       United States Trustee;

   (e) negotiate with secured and unsecured creditors
       regarding the amount and payment of their claims;

   (f) discuss with the Debtor's representative concerning
       the Disclosure Statement and Plan of Reorganization;

   (g) prepare the Disclosure Statement and Chapter 11 Plan
       of Reorganization and any amendments/changes;

   (h) submit ballots to creditors, and tally ballots and
       submit them to the Court;

   (i) respond to any objections to the Disclosure Statement
       and/or the Plan;

   (j) negotiate with creditors as to values, etc and the plan
       of reorganization; and

   (k) respond to any motions for relief from stay, motions to
       dismiss or any other motions or contested matters.

In cases involving litigation, if ligation counsel is employed,
Totaro & Shanahan will assist in those matters.

In cases where no litigation counsel is employed, Totaro & Shanahan
will undertake these matters:

   (a) the preparation, submission and prosecution of any
       adversary proceedings that may be necessary to the case
       including but not limited to determining the value of real
       property as collateral and extinguishing unsecured liens
       on real property;

   (b) review of proofs of claims and if necessary, preparation
       of formal objections with respect to claims asserted;

   (c) opposition to any motion sought by trustee, court and/or
       creditors; and

   (d) assistance in any other adversary matter that arises
       during the administration of this chapter 11 case.

Totaro & Shanahan will be paid at these hourly rates:

          Attorney                $550
          Paralegal               $150

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

The firm has received a $8,000 retainer from the Debtor's members.

Michael R. Totaro, a partner of Totaro & Shanahan, 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.

Totaro & Shanahan can be reached at:

       Michael R. Totaro, Esq.
       TOTARO & SHANAHAN
       P.O. Box 789
       Pacific Palisades, CA 90272
       Tel: (310) 573-0276
       E-mail: Ocbkatty@aol.com

                 About Senior Community Housing

Senior Community Housing Long Beach, LLC, based in Winnetka,
Calif., filed a Chapter 11 petition (Bankr. C.D. Calif. Case No.
17-12260) on August 24, 2017.  The Hon. Maureen Tighe presides over
the case.  Michael R Totaro, Esq., at Totaro & Shanahan, serves as
bankruptcy counsel.

In its petition, the Debtor indicated $1.65 million in total assets
and $6.66 million in total liabilities. The petition was signed by
Dean R. Isaacson, president of the Debtor's managing partner.

The Debtor's list of 12 largest unsecured creditors is available
for free at http://bankrupt.com/misc/cacb17-12260.pdf


SEQUOIA VOTING: Disclosures OK'd; Plan Hearing on Oct. 19
---------------------------------------------------------
The Hon. Thomas B. McNamara of the U.S. Bankruptcy Court for the
District of Colorado has approved Sequoia Voting Systems, Inc.'s
disclosure statement dated July 11, 2017, in support of the
Debtor's second amended (revised) Chapter 11 plan.

A hearing for consideration of confirmation of the plan and the
objections is scheduled for Oct. 19, 2017, at 1:30 p.m.

Objections to the confirmation of the Plan must be filed by Oct. 5,
2017.

Ballots accepting or rejecting the Plan must be submitted by 5:00
p.m. on Oct. 5, 2017.

As reported by the Troubled Company Reporter on July 26, 2017, the
Debtor filed a plan proposing that general unsecured creditors be
paid 9.2% of their claims.  Under the latest plan, holders of
allowed Class 2 general unsecured claims will get a pro rata share
of available cash after funding reserve and convenience claims.  
Class 2 is impaired and general unsecured creditors are entitled to
vote to accept or reject the plan, according to the company's
latest disclosure statement filed on July 11 with the Court.

The Court finds that the Debtor's Disclosure Statement contains
adequate information as the term is defined by 11 U.S.C. Section
1125, provided that the Debtor revises the Disclosure Statement as
follows:

     (a) the reference in the third line of the first paragraph of

         Article 1, Section 1.1 to the Third Amended Chapter 11
         Plan should be corrected to refer to the Second Amended
         (Revised) Chapter 11 Plan;

     (b) Article 6, section 6.2 should be revised to reflect the
         actual terms of the Plan Administrator's compensation,
         consistent the actual language of Article 6 of the Plan.
         Specifically, the second paragraph of section 6.2 should
         be revised to state: the Plan Administrator will be
         compensated for post-confirmation services at the rate of

         $300 per hour from the Reserve pursuant to the terms and
         conditions of the Plan Administrator Agreement;

     (c) in Exhibit C (Projected Recovery Under the Plan), the
         last line in the table should be changed to read:
         "Projected Distribution to General Unsecured Claims based

         on $4,749,493.03 of General Unsecured Claims," as the
         $4,749,493.03 figure is equal to the sum of the Allowed
         Class 2 Claims plus the Disputed Class 2 Claims set forth
         in Exhibit A to the Plan;

     (d) Exhibit D (Liquidation Analysis) to the Disclosure
         Statement should be corrected so that the comparison to
         projected plan recovery appears next to the Chapter 7
         liquidation analysis.  Further, the figure for General
         Unsecured Claims should be corrected to read
         $4,749,493.03; and

     (e) the Plan Administrator Agreement will be attached to the
         Disclosure Statement or Second Amended (Revised) Plan.

                     About SVS Holdings

SVS Holdings, Inc., filed a Chapter 11 bankruptcy petition (Bankr.
D. Colo. Case No. 10-24238) on June 8, 2010.  On Oct. 16, 2012, the
court entered an order converting the case to a Chapter 7
proceeding and appointed Tom H. Connolly as Chapter 7 trustee.

With the approval of the court on February 11, 2014, the trustee
caused Sequoia Voting Systems, Inc., based in Louisville, Colorado,
to file a voluntary Chapter 11 petition (Bankr. D. Colo. Case No.
14-11360) on Feb. 11, 2014.  It listed total assets of $547,583 and
total liabilities of $3.38 million.  The petition was signed by Tom
H. Connolly, president.


SOUTHWEST SILK: Unsecureds to Recover 100% Over 36 Months
---------------------------------------------------------
Southwest Silk Screening Inc. filed with the U.S. Bankruptcy Court
for the Southern District of Texas a disclosure statement dated
Aug. 21, 2017, referring to the Debtor's plan of reorganization.

Under the Plan, the General Unsecured Creditors will be paid 100%
of their claims with no interest.  Payments will start on the 15th
day of the 61st month following Effective Date of the Plan.  Each
claimant will be paid in equal monthly installment of 1/36th of
their total Allowed Claim, payable over a term of 36 months.

Payments and distributions under the Plan will be funded by
ordinary business income.  As to a default under the Plan, any
creditor remedies allowed by 11 U.S.C. Section 1112(b)(4)(N) will
be preserved to the extent otherwise available at law.  In addition
to any rights specifically provided to a claimant treated pursuant
to the Plan, a failure by the Reorganized Debtor to make a payment
to a creditor pursuant to the terms of the Plan will be an event of
default as to such payments if the payment is not cured within 30
days after service of a written notice of default from the
creditor, then the creditor may exercise any and all rights and
remedies under applicable non-bankruptcy law to collect the claims
or seek relief as may be appropriate in the Court.

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

           http://bankrupt.com/misc/txsb17-32431-23.pdf

                 About Southwest Silk Screening

Southwest Silk Screening Inc. is in the custom silk screening and
embroidery business. Debtor was incorporated and started operations
on Jan. 31, 1991.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (S.D. Tex. Case No. 17-32431) on April 21, 2017.  The petition
was signed by Marcus Stalarow, president.  

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

Mitchell Buchman, Esq., represents the Debtor as bankruptcy
counsel.


STATION CASINO: Moody's Rates New $550MM Senior Unsecured Notes B3
------------------------------------------------------------------
Moody's Investors Service assigned a B3 rating to Station Casino
LLC's new $550 million senior unsecured notes due 2025, a Ba3 to
$781 million senior secured revolver due in 2022 which is being
upsized from $685 million and extended one year. At the same time,
Station's existing senior secured term loan B due 2023, was
upgraded to Ba3 from B1. Station's SGL-1 Speculative Grade
Liquidity is unchanged and the outlook remains stable.

Proceeds from Station's new senior notes will be used to repay $190
million outstanding on the existing revolver, to fully repay the
existing $250 million senior unsecured notes due 2021, and increase
cash balances by approximately $95 million. On a net debt basis the
transaction is leverage neutral. Pro-forma gross debt/EBITDA
(including Moody's standard adjustments) is about 5.4 times and
5.2x on a net debt basis.

The ratings on Station's existing revolver and senior unsecured
notes will be withdrawn once the transaction closes and these
facilities are repaid in full.

"The Ba3 assigned to Station's new revolver, along with the
one-notch upgrade of the company's existing senior secured term
loan B to Ba3 from B1, considers the increase in the amount of
unsecured debt relative to secured debt in Station's pro forma
capital structure," stated Peggy Holloway, a Senior Vice President
at Moody's. "The net $300 million increase in senior unsecured debt
coupled with a $190 million decrease in senior secured debt has
increased the loss absorption provided by junior ranking debt
resulting in a upgrade of Station's senior secured debt pursuant to
Moody's Loss Given Default Methodology," added Holloway. Despite
the capital structure change, Station's B3 senior unsecured rating
remained the same.

The following summarizes rating action:

Upgrades:

Issuer: Station Casinos LLC

-- Senior Secured Term Loan A due 2021, Upgraded to Ba3 (LGD 3)
    from B1 (LGD 3)

-- Senior Secured Term Loan B due 2023, Upgraded to Ba3 (LGD 3)
    from B1 (LGD 3)

Assignments:

Issuer: Station Casinos LLC

-- Senior Secured Revolving Credit Facility due 2022, Assigned
    Ba3 (LGD 3)

-- Senior Unsecured Notes due 2025, Assigned B3 (LGD 6)

Outlook Actions:

Issuer: Station Casinos LLC

-- Outlook, Remains Stable

Affirmations:

Issuer: Station Casinos LLC

-- Probability of Default Rating, Affirmed B1-PD

-- Corporate Family Rating, Affirmed B1

Ratings to be withdrawn if/when transaction closes:

Issuer: Station Casinos LLC

-- Senior Secured Revolving Credit Facility due 2021, B1 (LGD 3)

-- Senior Unsecured Notes due 2021, B3 (LGD 6)

RATING RATIONALE

Station's B1 Corporate Family Rating reflects the company's high
consolidated EBITDA margins, at around 28% limited supply growth in
the Las Vegas locals market, and an improving economic environment
in the Las Vegas region that will support gaming demand. Also
supporting the ratings is Moody's expectation that Station has the
ability and willingness to maintain Moody's adjusted debt/EBITDA
between 4.5 times and 5.0 times over the long term.

Key credit challenges include Station's limited geographic
diversification, the highly discretionary nature of consumer
spending on casino gaming, and the renewal risk related to the
company's profitable Native American management agreements which
expire in 2018 and 2020. The fees from these agreements account for
close to 20% of Station's EBITDA before management fees.

The stable rating outlook reflects favorable market and economic
conditions in the Las Vegas area that will support modest EBITDA
growth. However, due to significant investment spending and
construction disruption at both Palace Station and Palms, adjusted
debt/EBITDA will increase to around 5.5x in 2017 but is expected to
decline toward 5.0x in 2018 as these projects are completed and add
incremental earnings.

Ratings could be upgraded if Moody's believes the company can
achieve and maintain Moody's adjusted debt/EBITDA below 4.5 times
taking into account the potential loss of EBITDA from existing
management agreements with Native American tribes. An upgrade would
also require the company to maintain EBIT/interest coverage of at
least 3.0 times and good liquidity. Ratings could be lowered if
monthly gaming revenue trends or economic conditions in Las Vegas
metropolitan area where to show signs of sustained deterioration.
Additionally ratings could be lowered if Moody's adjusted
debt/EBITDA is sustained above Moody's 5.5x peak estimate.

Station owns and operates nine major hotel/casino properties and
ten smaller casino properties (three of which are 50% owned) in the
Las Vegas metropolitan area. Station also manages the Gun Lake
Casino in Michigan on behalf of the Match-E-Be-Nash-She-Wish Band
of Pottawatomi Indians pursuant to a seven year contract that
expires in 2018, and the Graton Resort & Casino located in Sonoma
County, CA on behalf of The Federated Indians of Graton Rancheria.
The Graton contract also has a seven year term and expires in 2020.
Station's net revenue for the fiscal year-ended Jun. 30, 2017 was
about $1.5 billion. Station is owned by Red Rock Resorts, Inc., a
publicly traded holding company whose principal asset is Station.

The principal methodology used in these ratings was Global Gaming
Industry published in June 2014.


STEFANOVOUNO LLC: Names Dahar Firm as Chapter 11 Counsel
--------------------------------------------------------
Stefanovouno, LLC seeks authorization from the U.S. Bankruptcy
Court for the District of New Hampshire to employ Eleanor Wm.
Dahar, Esq., at Victor W. Dahar, P.A., as counsel, nunc pro tunc to
August 16, 2017.

The Debtor requires the counsel to:

   (a) provide the plan and disclosure statement;

   (b) provide motions for relief and cash collateral and post-
       petition/take-out financing issues;

   (c) provide assumption/rejection of executory contracts;

   (d) turnover, fraudulent transfer, preference actions and
       other avoidance and subordination actions;

   (e) provide services for other litigation;

   (f) negotiate with the creditors committee and creditors, as
       necessary and objection to claims; and

   (g) render other services necessary and proper for the
       representation of the Debtor in the case.

The Debtor intends to employ the firm under a general retainer.
The firm's fees and expenses are subject to Court approval after
notice and a hearing.

Eleanor Wm. Dahar assures the Court that her 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 counsel can be reached at:

       Eleanor Wm. Dahar, Esq.
       VICTOR W. DAHAR, P.A.
       20 Merrimack Street
       Manchester, NH 03101
       Tel: (603) 622-6595

                        About Stefanovouno

Stefanovouno, LLC, owns a business and real estate located at 2323
Brown Avenue, Manchester, New Hampshire.  Thomas Katsiantonis has
owned, managed, and operated Stefanovouno since November 2014.
Stefanovouno has owned the real estate at 2323 Brown Avenue,
Manchester, New Hampshire since March 2015.  It also operates a
pizza restaurant known as Tommy K's in the building at 2323 Brown
Avenue.

Stefanovouno, LLC, filed for Chapter 11 bankruptcy protection
(Bankr. D. N.H. Case No. 17-11142) on Aug. 16, 2017, estimating its
assets at between $100,000 and $500,000 and liabilities at between
$1 million and $10 million.  Mr. Katsiantonis, as manager, signed
the bankruptcy petition.

Eleanor Wm Dahar, Esq., at Victor W. Dahar Professional
Association, serves as the Debtor's bankruptcy counsel.


STRIDE ACADEMY: S&P Alters Lease Revenue Bonds Outlook to Negative
------------------------------------------------------------------
S&P Global Ratings revised its outlook to negative and affirmed its
'CCC-' long-term rating on St. Cloud, Minn.'s series 2016A and
series 2016B lease revenue bonds, issued for STRIDE Academy (Stride
or the academy). At the same time, S&P removed the rating from
CreditWatch with developing implications, which was placed on June
9, 2017.

"The negative outlook reflects our expectation that Stride will
experience operational pressure in the fiscal 2017-2018 school year
due to lower enrollment, the possibility that Stride may have to
restructure the debt payment within the outlook period, and may
fail to either secure a renewal or a new authorizer," said S&P
Global Ratings credit analyst Kaiti Wang. "The 'CCC-' rating
reflects our opinion that the debt obligation is highly vulnerable
to nonpayment due to the heighted risk of Stride's charter status
and its impact on enrollment, which has fallen sharply to about
half of last year's," Ms. Wang added.

On June 30, 2017, Stride Academy and its authorizer Friends of
Education (Friends) signed a one-year charter contract extension
amendment for the 2017-2018 school year. The academy will serve
only kindergarten through sixth grade (K-6) students (originally
K-8) for the next year or two in order to focus on its core
strengths, according to management.

Stride is seeking charter renewal through Friends and also pursuing
Pillsbury United Communities as an authorizer, which requires
Friends' consent to the switch. The uncertain fate of Stride's
charter extension is also a severe limiting factor for the rating.


STRINGER FARMS: 25% Recovery for Unsecured Creditors Under Plan
---------------------------------------------------------------
Stringer Farms, Inc., and Charles Blake Stringer filed with the
U.S. Bankruptcy Court for the Northern District of Texas a
disclosure statement with respect to their joint plan of
reorganization dated August 31, 2017.

Each holder of an Allowed Class 9 General Unsecured Claim shall
receive distributions, in the aggregate, totaling 25% of the
Allowed amount without interest. The Full Payment Amount shall be
amortized over 240 months in substantially equal payments. The
Reorganized Debtors shall make an annual installment payment to
each holder of an Allowed Unsecured Claim based on such
amortization on Nov. 1 of each year, beginning with a first
installment payment due on Nov. 1, 2018. Such annual installment
payments shall continue until the first Business Day that is at
least 84 months after the Effective Date, upon which date the
Reorganized Debtors shall pay to each holder of an Allowed
Unsecured Claim the full remaining unpaid balance of the Full
Payment Amount.

The Distributions to be made by the Reorganized Debtors under the
Plan shall be funded from the proceeds of the New Term Loan and
cash generated by operations of LandCo, FarmCo and CattleCo. In
addition to revenue generated by the Debtors' traditional farming
operations and the cattle business currently conducted through Dos
Ex LP and Dos Ex LLC, the Debtors anticipate generating significant
revenue after the Effective Date based on the Wind Leases. The Wind
Leases contemplate the installation of wind farms on portions of
the SFI Farmland and Stringer Farmland by Swinford Wind, LLC.

Consequently, Swinford has yet to begin the project of constructing
the wind turbines and other structures necessary to collect and
transmit electrical energy converted from wind energy. The Debtors
project that the wind farms will be established and generate
revenue for the Reorganized Debtors by early 2019. Once the wind
farms are fully constructed and operational, the Debtors expect the
Wind Leases to provide the Reorganized Debtors with additional
revenue of approximately $600,000 per year. In addition, any
recoveries obtained through the Pending Lawsuits, Dumas Matter
and/or Syngenta Matter may serve as an additional source of funding
for Plan obligations.

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

     http://bankrupt.com/misc/txnb16-44821-11-201.pdf

                 About Stringer Farms, Inc.

Stringer Farms, Inc. filed a Chapter 11 petition (Bankr. N.D. Tex.
Case No. 16-44821), on December 14, 2016. The Petition was signed
by Charles Blake Stringer, president. The case is assigned to Judge
Russell F. Nelms. At the time of filing, the Debtor had $10 million
to $50 million in estimated assets and $1 million to $10 million in
estimated liabilities.

Charles Blake Stringer filed a voluntary Chapter 11 petition
(Bankr. N.D. Tex. Case No. 16-44871) on December 20, 2016.

Pursuant to an Order directing the Joint Administration of Cases
entered on December 23, 2016, the Debtors bankruptcy cases are
being jointly administered under (Bankr. N.D. Tex. Case No.
16-44821).

The Debtors are represented by Jeff P. Prostok, Esq., at Forshey &
Prostok, LLP.

No creditors' committee has been appointed in the Debtors' cases by
the U.S. Trustee.  Further, no trustee or examiner has been
requested or appointed in the Debtors' Chapter 11 cases.


SUNBURST FARMS: Names K.Coe Isom LLC as Accountant
--------------------------------------------------
Sunburst Farms Partnership seeks authorization from the U.S.
Bankruptcy Court for the District of Kansas to employ Kami McDonald
of K.Coe Isom, LLC as accountant.

The Debtor requires K.Coe Isom to prepare and file Federal and
State income tax returns.

K.Coe Isom will receive fees on both an hourly and a flat fee basis
for tax preparation.  K.Coe Isom's current fees are $330 per hour
for Kami McDonald, $215 per hour for general tax preparers, and
$3,900 flat fee per year for tax preparation, contingent on the
amount of time estimated for services.

K.Coe Isom will be reimbursed for reasonable out-of-pocket expenses
incurred.

Kami McDonald, an accountant at K.Coe Isom, 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.

K.Coe Isom can be reached at:

       Kami McDonald
       K.COE ISOM, LLP
       816 Campus Drive, Suite 100
       Garden City, KS 67846
       Tel: (620) 275-9670
       Fax: (620) 275-9691

                       About Sunburst Farms

Sunburst Farms Partnership is engaged in wheat and feed sorghum
production.  The principal place of business of Sunburst Farms is
116 W Greeley, Tribune, Kansas 67879.

Sunburst Farms filed for Chapter 11 bankruptcy protection (Bankr.
D. Kan. Case No. 17-11389) on July 19, 2017, disclosing $4.29
million in total assets and $6.60 million in total liabilities.
The petition was signed by Carol Bloesser, president of Western
Plains, the Debtor's general partner.

Judge Robert E. Nugent presides over the case.

David P Eron, Esq., at Eron Law, P.A., serves as the Debtor's
bankruptcy counsel.


SWING HOUSE: Hires Liner Group as Special Counsel
-------------------------------------------------
Swing House Rehearsal and Recording, Inc. seeks authorization from
the U.S. Bankruptcy Court for the Central District of California to
employ Liner LLP as special counsel, effective May 30, 2017 and
Liner Law Group LLP as special employment counsel, effective
September 1, 2017.

The Debtor seeks to employ the Liner Firm for the purposes of
advising and aiding the Debtor in real estate issues arising in the
ordinary course of its business. To the extent necessary, the firm
would be prepared to advise and assist the Debtor in any real
estate issues that might arise in the prosecution and confirmation
of the pending proposed chapter 11 plans, including ongoing advice
about customer licenses and sub-leases.

The Debtor also seeks to employ the Liner Firm and the Liner Group
to provide employment-related advice with respect to the Debtor's
employee handbook and other ordinary course employment issues. To
the extent necessary, the Firms would be prepared to advise and
assist the Debtor in any employment issues that might arise in the
prosecution and confirmation of the pending proposed chapter 11
plans, including ongoing advice about any consulting, executive,
and other employment-related agreements to implement a confirmed
chapter 11 plan.

The law firms will be paid at these hourly rates:

       Scott K. Liner             $600
       John Karavas               $500
       Casey Sobhani              $595

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

Scott K. Liner, partner in Liner's Litigation Group, 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 firms can be reached at:

       Scott K. Liner, Esq.
       Casey Sobhani, Esq.
       LINER LLP
       1100 Glendon Avenue, 14th Floor
       Los Angeles, CA 90024-3518
       Tel: (310) 500-3593
       Fax: (310) 500-3501
       E-mail: skliner@linerlaw.com
               csobhani@linerlaw.com

                  About Swing House Rehearsal

Swing House Rehearsal and Recording, Inc. dba Swing House Studios
provides comprehensive rehearsal sound stage, rental service, and
recording studio services for the music industry at its 21,000
square foot state-of-the-art compound in Atwater  Village.  Since
1993, Swing House has provided the highest quality sound
engineering service, live event production, backline rental, and
showcase facilities in the music industry.

The Debtor filed a Chapter 11 petition (Bankr. C.D. Cal. Case No.
16-24758), on Nov. 8, 2016.  The petition was signed by Philip
Jaurigui, president and secretary.  The case is assigned to Judge
Robert N. Kwan.  At the time of filing, the Debtor estimated $1
million to $10 million in both assets and liabilities.

The Debtor is represented by Kurt Ramlo, Esq. and Jeffrey S. Kwong,
Esq., at Levene, Neale, Bender, Yoo & Brill L.L.P.  The Debtor
hired Friedman, Kannenberg & Company, P.C., as accountant.


T.P.I. PLUS: Hearing on Plan and Disclosures Set for Oct. 3
-----------------------------------------------------------
Judge Susan D. Barrett of the U.S. Bankruptcy Court for the
Southern District of Georgia issued an order conditionally
approving T.P.I. Plus, Inc.'s disclosure statement with respect to
a Chapter 11 plan of reorganization dated Sept. 1, 2017, including
the value of bankruptcy estate property for plan confirmation
purposes as well as determining creditors' secured status.

Sept. 28, 2017, is fixed as the last day for filing written
acceptances or rejection of the plan.

A hearing will be held on Oct. 3, 2017, at 10:00 AM, U. S.
Courtroom, U. S. Courthouse, Dublin, GA, to consider final approval
of the disclosure and for the hearing on confirmation of the plan.

Sept. 28, 2017, is fixed as the last day for filing and serving
written objections to the disclosure statement and confirmation of
the plan.

                   About T.P.I Plus

Headquartered in Wrightsville, GA, T.P.I. Plus, Inc. filed for
Chapter 11 bankruptcy protection (Bankr. S.D. Ga. Case No.
16-30258) on Sept. 1, 2016, with estimated assets of $1 million to
$10 million and estimated liabilities of 1 million to $10 million.
The petition was signed by Terry P. Glover, president.


TARA RETAIL: Elswick, et al., Object to Plan and Disclosures
------------------------------------------------------------
Elswick LLC and certain other unsecured creditors object to the
proposed amended plan and disclosure statement filed by Tara Retail
Group, LLC.

Among other things, the creditors complain that the plan does not
afford a disinterested investor sufficient information to make an
informed decision regarding the proposal.

The creditors also object to the Comm 2013 CCRE 12, a New York
Limited Liability Partnership secured claims treatment as stated in
the Plan of Reorganization and the disclosure statement. First, the
plan makes no estimate of the amount and likelihood of success of
claims of Tara against Comm 2013. Without such information, a
disinterested investor has no basis to estimate the actual amount
due to Comm 2013, and calculate the principal due at the end of the
payment period of 143 months. Likewise, the amount of principal
deferred to the end of the payment period is not known.

Further, the tenants are to be paid "100%" of their interests, over
five years. However, the plan does not state a specific or even
general amount of the claim. The debtor has objected to the claims
of the unsecured tenants, and hence it appears that while the plan
states one thing, the actual position of Tara is that the unsecured
tenant debtors will not be paid anything for the loss of business
and other damages they have suffered. The plan is, therefore, is to
pay the unsecured tenant creditors nothing. These creditors object
therefore to this provision. The plan further does not set forth
any proposal for notice and evaluation of claims other than
Elswick.

Likewise, the creditors object to the treatment of the General
Unsecured Claims. Tara has filed an objection to these claims on
the same basis as the objection to the Unsecured tenant claims.
Again, it appears the actual proposal for the treatment of these
claims is for them to be paid nothing. The plan makes no provision
for noticing individuals having such claims and providing them an
opportunity to file claims.

Thus, the creditors identified object to the proposed plan and pray
for such relief as the Court may deem fit.

The Troubled Company Reporter previously reported that Holders of
Class 5 Insider Unsecured Claims will retain their claims, but will
receive no distributions over the Plan period.

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

         http://bankrupt.com/misc/wvnb17-00057-358.pdf

Counsel for The Elswick Company, LLC, dba Anytime Fitness Elkview:

     Stuart Calwell, Esquire (#595)
     John H. Skaggs, Esquire (#3432)
     Alexander D. McLaughlin, Esquire (#9696)
     The Calwell Practice, PLLC
     500 Randolph Street
     Charleston, WV 25302
     Phone: (304) 343-4323

                      About Tara Retail

Tara Retail Group, LLC, owns The Crossings Mall in Elkview, West
Virginia, which had tenants that included Kmart and Kroger.  The
Company is headed by businessman Bill Abruzzino.  The Crossings
Mall has been closed and inaccessible to the public since massive
floods swept through West Virginia on June 23, 2016.

On Dec. 23, 2016, U.S. District Judge Thomas Johnston appointed
Martin Perry, a managing director at Newmark Grubb Knight Frank's
Pittsburgh office, as receiver.

To stop a foreclosure sale of its shopping center, Tara Retail
Group, LLC, filed a Chapter 11 petition (Bankr. N.D. W.Va. Case No.
17-00057) on Jan. 24, 2017.  The petition was signed by William A.
Abruzzino, managing member.  The case judge is the Hon. Patrick M.
Flatley.  The Debtor estimated assets and debt of $10 million to
$50 million.

The Debtor tapped Steven L. Thomas, Esq., at Kay, Casto & Chaney
PLLC as bankruptcy counsel.


TCF FINC'L: Moody's Gives Ba1(hyb) Rating to Perpetual Pref. Stock
------------------------------------------------------------------
Moody's Investors Service has assigned a rating of Ba1 (hyb) to the
non-cumulative perpetual preferred stock of TCF Financial
Corporation. Moody's also assigned prospective ratings to TCF's
shelf registration of (P)Baa3 for cumulative preferred stock and
(P)Ba1 for non-cumulative preferred stock.

RATINGS RATIONALE

The assigned non-cumulative preferred stock and shelf ratings
follow Moody's notching practices for US regional banks
incorporating its loss-given-failure analysis. TCF Financial
Corporation's lead bank, TCF National Bank, has existing ratings of
A2/Prime-1 for long- and short-term deposits and a Baa2 issuer
rating. It also has a baa1 baseline credit assessment.

What Could Change the Rating Up

TCF's standalone BCA could move up if the high growth in its
national lending portfolios subsides, its asset quality improves
further, or if its capital increases. A greater proportion of
liquid assets would also be positive.

What Could Change the Rating Down

Downward movement on the standalone BCA could result from
deterioration in TCF's asset quality beyond Moody's expectations,
particularly in its specialty lending and auto lending portfolios,
given their rapid growth or a decrease in its capital ratios.

The principal methodology used in these ratings was Banks published
in January 2016.


TEXAS RHH: Taps Ware Jackson as Special Counsel in MHP Suit
-----------------------------------------------------------
Texas RHH, LLC seeks approval from the U.S. Bankruptcy Court for
the Northern District of Texas to hire Ware, Jackson, Lee, O'Neill,
Smith & Barrow, LLP as its special counsel.

The firm will represent the Debtor in a lawsuit styled Maxus
Healthcare Partners, LLC v. Texas RHH, LLC et al. (Case No.
017-275219-14) in the 17th Judicial District Court, Tarrant
County.

The firm will charge an hourly fee of $450 for partners and $150
for paralegals and legal assistants.  The hourly fees for
associates range from $245 to $360.

In a court filing, Michelle Meriam, Esq., disclosed that the
members and associates of her firm are "disinterested" as defined
in section 101(14) of the Bankruptcy Code.

Ware Jackson can be reached through:

     Michelle R. Meriam
     Ware Jackson, Lee, O'Neill
     Smith & Barrow LLP
     America Tower, 39th Floor
     2929 Allen Parkway
     Houston, TX 77019
     Tel: (713) 659-6400
     Fax: (713) 659-6262

                       About Texas RHH LLC

Texas RHH, LLC is into home health care services business and is a
small business debtor as defined in 11 U.S.C. Section 101(51D).  It
is affiliated with BP Chaney, LLC, which filed for bankruptcy
protection (Bankr. N.D. Tex. Case No. 17-42793) on July 3, 2017.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. N.D. Texas Case No. 17-43385) on August 21, 2017.  The
petition was signed by Misty Brady, sole member who also filed
Chapter 11 petition (Bankr. N.D. Tex. Case No. 17-41120) on March
20, 2017.  

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

Judge Mark X. Mullin presides over the case.


TKL ASSOCIATES: Taps J. Riley as Real Estate Broker
---------------------------------------------------
TKL Associates, LLC seeks approval from the U.S. Bankruptcy Court
for the District of Alaska to hire a real estate broker.

The Debtor proposes to employ J. Riley Realty, LLC to list and
market its real estate consisting of an 8,500-square-foot fishing
lodge located on 1.93 acres of beach front in Anchor Point, Alaska.
The property is currently leased to Alaska's Trophy King Lodge
LLC, a related entity that operates a fishing lodge business on the
property.

J. Riley will get a commission of 5% of the gross sales price to be
paid at closing in the event of a cash sale.  If the sale is owner
financed, the firm will be paid over time in conjunction with buyer
financing terms.  The proposed listing price for the property is
$1.79 million.

The firm is "disinterested" as defined in section 101(14) of the
Bankruptcy Code, according to court filings.

J. Riley can be reached through:

     James W. Riley
     J. Riley Realty, LLC
     2921 Pelican Drive
     Anchorage, AK 99502
     Phone: (907) 248-8700
     Email: james@jrrealty.us

                    About TKL Associates LLC

TKL Associates, LLC, an Alaska Limited liability company filed a
Chapter 11 bankruptcy petition (Bankr. D. Alaska Case No. 17-00253)
on July 12, 2017.  Judge Gary Sparker presides over the case.
Dorsey & Whitney LLP represents the Debtor as counsel.

In its petition, the Debtor estimated $1 million to $10 million in
assets and $500,000 to $1 million in liabilities.  The petition was
signed by Drew H. Butterwick, sole member.


TKL ASSOCIATES: Taps Swen A. Mortenson as Accountant
----------------------------------------------------
TKL Associates, LLC seeks approval from the U.S. Bankruptcy Court
for the District of Alaska to hire an accountant.

The Debtor proposes to employ Swen A. Mortenson CPA, Inc. to, among
other things, assist in the preparation of financial reports,
monthly operating reports and tax returns, and provide tax
consulting services related to its plan of reorganization and sale
of its assets.

Swen Mortenson, owner of the firm, will charge an hourly fee of
$150 for his services while staff accountants will charge $85 per
hour.

The firm is "disinterested" as defined in section 101(14) of the
Bankruptcy Code, according to court filings.

Mortenson can be reached through:

     Swen A. Mortenson
     Swen A. Mortenson CPA, Inc.
     1348 E. 3300th S, Suite 202
     Salt Lake City, UT 84106
     Phone: (801) 466-0041

                    About TKL Associates LLC

TKL Associates, LLC, an Alaska Limited liability company filed a
Chapter 11 bankruptcy petition (Bankr. D. Alaska Case No. 17-00253)
on July 12, 2017.  Judge Gary Sparker presides over the case.
Dorsey & Whitney LLP represents the Debtor as counsel.

In its petition, the Debtor estimated $1 million to $10 million in
assets and $500,000 to $1 million in liabilities.  The petition was
signed by Drew H. Butterwick, sole member.


TNS INC: S&P Affirms 'B+' CCR Amid $175MM Loan Add-On
-----------------------------------------------------
Data communications provider TNS Inc. announced that it intends to
add $150 million to its first-lien term loan and $25 million to its
revolving credit facility. The proceeds would repay the $163
million balance on its second-lien term loan.

S&P Global Ratings revised its rating outlook on Reston, Va.-based
TNS Inc. to negative from stable. At the same time, S&P affirmed
the 'B+' corporate credit rating on the company.

S&P said, "We also lowered our issue-level rating on the company's
first-lien term loan to 'B+' from 'BB-' and revised our recovery
rating to '3' from '2'. The company's first-lien term loan is being
increased by $150 million to about $461 million, due in 2022, while
the revolving credit facility maturing in 2020 is being increased
by $25 million to $75 million. The '3' recovery rating indicates
our expectation for meaningful (50%-70%; rounded estimate: 60%)
recovery in the event of a payment default."

Proceeds from the incremental term loan and balance sheet cash will
be used to repay the $163 million balance on its second-lien term
loan and to pay related fees and expenses.

S&P said, "The negative outlook reflects underperformance relative
to our previous forecast because of greater–than-expected losses
in Dial and timing delays at the company's Cequint and Mobility
businesses, resulting in debt to EBITDA of 4.9x for the 12 months
ended June 30, 2017. That's up from expectations of around 4x in
2017. We now expect leverage to remain in the high-4x area through
the end of the year as debt reduction offsets earnings declines,
before improving to the mid-4x area in 2018 through a combination
of debt reduction and a rebound in earnings as revenue from new
contracts are realized. However, if projected improvement in credit
metrics does not materialize, we could lower the rating over the
next year.  

"The negative outlook reflects limited cushion for operational
disruptions over the next year, as forecast leverage of about 4.8x
by the end of 2017 is high for the rating. Still, we project
significant debt repayment in 2017 combined with revenue growth in
2018 to result in leverage improving to about 4.5x in 2018.

"We could lower the rating if earnings do not improve as expected
over the next year, such that leverage remains elevated around 5x
or FFO to debt falls below 12% even when including the use of FOCF
to repay debt. This would most likely be caused by ongoing revenue
declines due to lower-than-expected adoption of its wireless caller
ID product and greater-than-expected declines in its legacy
telecommunication services products because of further
consolidation among CLEC and cable customers. Alternatively, we
could lower the rating over the next year if the company makes an
additional debt-funded acquisition or recapitalization that hurts
credit metrics.

"We could revise the outlook to stable if the company successfully
executes its debt repayment plans while increasing earnings in 2018
such that leverage approaches 4.5x by the end of 2018 with further
improvement likely thereafter."


TOP SHELF CLOSETS: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: Top Shelf Closets & Cabinetry, Inc.
        1000 Heritage Drive
        Elverson, PA 19520

Type of Business: Top Shelf Closets and Cabinetry provides
                  custom laminate and real wood closets as
                  well as unique solutions for laundry rooms,
                  garages, basements, mudrooms, libraries,
                  entertainment centers and home offices.
                  The Company serves the entire Delaware
                  Valley, including the Jersey Shore area.

                  Founded in 1988, Top Shelf originally
                  provided simple wire shelving to the Chester
                  County community.  Today, Top Shelf's state-
                  of-the-art facility produces a full-color
                  line of shelving not only for the Main
                  Line's better homes, but for homes in New
                  Jersey, New York -- even as far as Bermuda.

                  Web site: http://www.topshelfclosets.com

Chapter 11 Petition Date: September 10, 2017

Case No.: 17-16149

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

Judge: Hon. Richard E. Fehling

Debtor's Counsel: David B. Smith, Esq.
                  SMITH KANE HOLMAN, LLC
                  112 Moores Road, Suite 300
                  Malvern, PA 19355
                  Tel: (610) 407-7217
                  Fax: (610) 407-7218
                  E-mail: dsmith@smithkanelaw.com
                          dsmith@skhlaw.com

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by John Manidis, president.

The Debtor's list of 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/paeb17-16149.pdf


TOYS "R" US: Debtwire Hears Tru Taj Holders May Advance $400 Mil.
-----------------------------------------------------------------
Reshmi Basu and Hema Oza at Debtwire report that bondholders at Tru
Taj LLC -- one of Toys "R" Us' international segments, along with
potential new investors -- have entered into restricted discussions
with the retail chain and its advisors about raising around $400
million in new secured financing. The fresh capital could be used
as a short-term rescue to address the 2018 debt maturities, or as a
backup it could be structured as debtor-in-possession (DIP)
financing, sources familiar with the talks told Debtwire.

Given the company's hefty consolidated leverage at around 7x its
debtload, Debtwire explains, new capital would have to be directly
secured by assets -- but Toys' existing debt agreements present a
maze of limitations on securing new debt.  The Taj entity currently
has modest leverage at 3.6x and offers the possibility of liens on
some of the international assets -- making Taj a focal point for
the liability management talks, sources said.

Holders of the $575 million 12% secured notes due 2021 at Taj have
been organizing with advisor GLC Advisors, sources said.  The
tranche was born last year out of negotiations former holders of a
2017 Delaware holdco bond who worked to swap into new debt at an
entity with a more direct claim to international assets, long
viewed as the company's growth spigot.

Toys R Us has been attempting to grow into its highly levered
balance sheet for arguably the last 12 years – ever since its
$6.6 billion leveraged buyout by an investor group led by KKR, Bain
Capital and Vornado Realty Trust.

Since then, the company has weathered the consumer pullback spawned
by the financial crisis, as well as the dramatic change in shopping
habits wrought by online shopping and the Amazonbehemoth.  Through
it all, the company managed to continue refinancing and extending
various tranches of the over $5 billion debtload that it took on to
back the 2005 LBO.

But Toys' earnings have continued a downward trend this year, and
it faces $440 million of debt maturities in 2018 followed by $2.6
billion in 2019 that it's so far been unable to address.  In recent
months, the company hired outside advisors from both Lazard and
Kirkland & Ellis that specialize in restructuring to help map out a
plan.  Increasingly, investors acknowledge that plan could include
a bankruptcy filing of one or more Toys entities, sources told
Debtwire.

Earnings-wise, Toys reported a consolidated same store sales
decline of 4.1% in fiscal 1Q17. Adjusted EBITDA in quarter was
nearly halved to $44 million, versus $79 million in the prior year
period.

At quarter-end, the consolidated borrower had $701 million of
liquidity, comprising $301 million in cash – mostly held overseas
– and $400 million of availability under committed lines.  At
Toys Delaware, the company had $35 million of cash and $176 million
available in credit lines.

The borrower's $209 million 7.375% senior bonds due 2018 changed
hands late last week at 79 to yield 31.467%, compared to 95 days
earlier, according to MarketAxess.  The near-dated bonds plummeted
on Wednesday (September 6) after a CNBC.com report that Toys had
hired restructuring counsel at Kirkland.

Toys provided Debtwire with the following statement: As we
previously discussed on our first quarter earnings call, Toys"R"Us
is evaluating a range of alternatives to address our 2018 debt
maturities.  We expect to provide an update about these activities,
as well as the many initiatives underway to provide an outstanding
customer experience in our global retail locations and webstore
during the holiday season, during our second quarter earnings call
on 26 September.

Reshmi Basu is Assistant Editor of restructuring and covers
retailers and technology companies.  She can be reached at
Reshmi.Basu@debtwire.com by e-mail.  Hema Oza is an associate
editor at Debtwire Americas and covers leveraged finance with a
focus on food, restaurant and leisure companies.  She can be
reached at hema.oza@debtwire.com by e-mail.

                       About Toys "R" Us

Toys "R" Us, Inc., is an American toy and juvenile-products
retailer founded in 1948 and headquartered in Wayne, New Jersey, in
the New York City metropolitan area.

Merchandise is sold in 880 Toys "R" Us and Babies "R" Us stores in
the United States, Puerto Rico and Guam, and in more than 780
international stores and more than 245 licensed stores in 37
countries and jurisdictions. Merchandise is also sold at e-commerce
sites including Toysrus.com and Babiesrus.com.

On July 21, 2005, a consortium of Bain Capital Partners LLC,
Kohlberg Kravis Roberts and Vornado Realty Trust invested $1.3
billion to complete a $6.6 billion leveraged buyout of the company.
Toys "R" Us is now a privately owned entity but still files with
the Securities and Exchange Commission as required by its debt
agreements.

The Company's consolidated balance sheet showed $6.572 billion in
assets, $7.891 billion in liabilities, and a stockholders' deficit
of $1.319 billion as of April 29, 2017.

The Company and its subsidiaries posted a net loss of $163 million
on $2.206 billion of net sales for the 13 weeks ended April 29,
2017, compared with a net loss of $125 million on $2.319 billion of
net sales for the 13 weeks ended April 30, 2016.


TREY WEST: Taps Dean William Greer as Legal Counsel
---------------------------------------------------
Trey West Vacations LLC seeks approval from the U.S. Bankruptcy
Court for the Western District of Texas to hire legal counsel in
connection with its Chapter 11 case.

The Debtor proposes to employ Dean William Greer, Esq., to, among
other things, give legal advice regarding its duties under the
Bankruptcy Code and assist in the preparation of a plan of
reorganization.

Mr. Greer and his legal assistant will charge $300 per hour and $75
per hour, respectively.  The attorney received $25,000 from the
Debtor, of which $1,717 was used to pay the filing fee.

In a court filing, Mr. Greer disclosed that he is a "disinterested
person" as defined in section 101(14) of the Bankruptcy Code.

Mr. Greer maintains an office at:

     Dean William Greer, Esq.
     2929 Mossrock, Suite 117
     San Antonio, TX 78230
     Tel: 210-342-7100
     Fax: 210-342-3633
     Email: dwgreer@sbcglobal.net

                  About Trey West Vacations LLC

Trey West Vacations LLC is in the tourist agency arranging
transport, lodging and car rental business.  It owns in fee simple
interest 291 acreage valued at $6 million.  The company posted
gross revenue of $3.10 million for 2016 and gross revenue of $3.38
million for 2015.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. W.D. Texas Case No. 17-52110) on September 4, 2017.
Robert J. Jenkins, Jr., president, signed the petition.  

At the time of the filing, the Debtor disclosed $9.42 million in
assets and $5.99 million in liabilities.  

Judge Craig A. Gargotta presides over the case.


TRONOX LIMITED: Moody's Hikes Corporate Family Rating to B1
-----------------------------------------------------------
Moody's Investors Service upgraded Tronox Limited's Corporate
Family Rating to B1 from B2, assigned a Ba3 rating to Tronox
Finance LLC's proposed $2.15 billion Senior Secured Term Loan B,
and assigned a B3 rating to Tronox UK Holdings Ltd.'s proposed $450
million Senior Unsecured Notes. Moody's also upgraded the rating on
the existing $600 million 7.500% Senior Unsecured Notes due 2022 to
B3 from Caa1. This action concludes the review for upgrade
initiated on February 21, 2017. The rating outlook is stable.

"Tronox will reduce leverage moderately following the proposed
transactions and will be better-positioned to take advantage of
strong industry conditions in titanium dioxide at least through
2018," said Ben Nelson, Moody's Vice President -- Senior Credit
Officer and lead analyst for Tronox Limited.

The following rating actions were taken:

Upgrades:

Issuer: Tronox Finance LLC

-- Senior Unsecured Regular Bond/Debenture, Upgraded to B3 (LGD
    5) from Caa1 (LGD 5)

Issuer: Tronox Limited

-- Probability of Default Rating, Upgraded to B1-PD from B2-PD

-- Corporate Family Rating, Upgraded to B1 from B2

Assignments:

Issuer: Tronox Finance LLC

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

Issuer: Tronox UK Holdings Ltd.

-- Gtd Senior Unsecured Regular Bond/Debenture, Assigned B3 (LGD
5)

Outlook Actions:

Issuer: Tronox Finance LLC

-- Outlook, Changed To Stable From Rating Under Review

Issuer: Tronox Limited

-- Outlook, Changed To Stable From Rating Under Review

Issuer: Tronox Pigments (Netherlands) B.V.

-- Outlook, Changed To Stable From Rating Under Review

Issuer: Tronox UK Holdings Ltd.

-- Outlook, Assigned Stable

Affirmations:

Issuer: Tronox Limited

-- Speculative Grade Liquidity Rating, Affirmed SGL-2

Confirmations:

Issuer: Tronox Finance LLC

-- Senior Unsecured Regular Bond/Debenture, Confirmed at Caa1 (LGD
5)

Issuer: Tronox Pigments (Netherlands) B.V.

-- Senior Secured Bank Credit Facility, Confirmed at B1 (LGD 3)

The ratings on the existing Tronox Finance LLC Senior Notes due
2020 and Tronox Pigments (Netherlands) B.V. Senior Secured Term
Loan B due 2020 will be withdrawn following full repayment when the
proposed transaction is completed.

RATINGS RATIONALE

The net proceeds from the $2.6 billion in new debt will be used to
refinance $2.3 billion of existing debt and, combined with the
proceeds from the sale of the Alkali Chemicals business to Genesis
Energy for $1.325 billion that closed on September 1, 2017, help
fund the acquisition of Cristal's titanium dioxide business for
$1.673 billion plus a 24% ownership interest in Tronox during the
first quarter of 2018. Tronox will refinance the existing $1.4
billion Senior Secured Term Loan B due 2020 and $900 million 6.375%
Senior Notes due 2020. The $600 million 7.500% Senior Notes due
2022 will remain outstanding. Tronox will have about $3.3 billion
of balance sheet debt after considering the proposed transactions.
On a pro forma basis for the proposed transaction, Moody's
estimates adjusted financial leverage in the mid 6 times
(Debt/EBITDA; excluding synergies) and mid-5 times (including first
year synergies) for the twelve months ended June 30, 2017.

Tronox will be fully leveraged to developing upcycle in the
titanium dioxide industry. Adding Cristal's assets will make Tronox
the world's largest titanium dioxide producer with a combined
annual production capacity of 1.3 million metric tons across eleven
production facilities in eight countries. Moody's expects that
strong industry conditions will help the company reduce adjusted
financial leverage to well below 5 times (Debt/EBITDA) and well
below 4 times (Net Debt/EBITDA) by the end of 2018. Moody's also
expects the company to generate a minimum $150 million of free cash
flow in 2018, despite one-time spending to integrate the acquired
business, and actual free cash flow generation could be
meaningfully higher with good execution. The proposed structure
includes significant bank debt that Tronox can pre-pay
economically, but management has not made any explicit debt
reduction targets. Management mentioned on the second quarter
earnings conference call that it intends to pay down debt and
manage toward a long-term net leverage target of 2.0-3.0x. By
comparison, management estimates net leverage of 4.4x on a pro
forma basis for the proposed transactions.

However, Tronox will also become more exposed to an eventual
downturn in the titanium dioxide industry with the loss of the more
stable soda ash business that generated between $130 and $150
million of EBITDA over the past few years. Moody's estimates that
the combined titanium dioxide platform would have generated less
than $100 million of EBITDA in 2015, compared to Tronox's estimate
of $272 million including the soda ash business. The transaction
will also add about $175 million of gross debt and, including the
anticipated reduction in cash, almost $400 million of net debt on a
pro forma basis for the twelve months ended June 30, 2017.

Tronox expects to realize substantial operating synergies from
combining with Cristal, which is a very similar business, compared
to owning Alkali Chemicals, a very different business acquired from
FMC in 2015. Management expects to generate approximately $100
million in annualized synergies in Year 1 and $200 million in Year
2. The anticipated synergies could help make up the difference
between the two trough-cycle EBITDA figures for 2015 cited above
over the next two-to-three years. Strong free cash flow generation
during the upcycle titanium dioxide industry could also help Tronox
reduce its overall debt load. While management has commented that
the next downturn likely will be less severe due to more
disciplined behavior by industry participants under new ownership,
the rating assumes conservatively that the next downturn could
approach similar severity.

The B1 CFR is principally constrained by heavy exposure to the
highly-cyclical titanium dioxide industry, expectations for
significant weakening in credit metrics outside the normal
boundaries for the rating category during a cyclical trough, and
integration risk associated with the acquisition of Cristal. The
rating benefits from the company's prospective market position as
the world's largest titanium dioxide company, solid mid-cycle
credit metrics for the B1 rating, vertical integration, prospective
benefits from anticipated operating synergies, and good liquidity.

The SGL-2 reflects good liquidity to support operations. While
Moody's expects that selling Alkali Chemicals and buying Cristal
will result in significant non-recurring spending, Tronox should
have meaningful balance sheet cash at closing and generate solidly
positive free cash flow in 2018. The company will also have access
to a $550 million asset-based revolving credit facility with
modest-to-moderate cash advances over the next several quarters.
The ABL is expected to contain only a springing fixed charge
coverage ratio. The term loan is not expected to contain any
financial maintenance covenants.

The stable outlook assumes that adjusted financial leverage will
trend below 5.0x by mid-2018 and well below 5.0x by the end of
2018. The outlook assumes further that Tronox will generate a
minimum of $150 million of free cash flow in 2018 and maintain good
liquidity in the medium term. Moody's could downgrade the rating
with expectations for substantive weakening in the titanium dioxide
industry before the company is able to start repaying debt or
demonstrate the realization of a meaningful portion of anticipated
operating synergies. Given expectations for solid industry
conditions over the next several quarters adjusted financial
leverage above 5.0x beyond mid-2018 or available liquidity below
$250 million could have negative rating implications. Moody's could
upgrade the rating with expectations for adjusted financial
leverage to remain well below 6.0x during a cyclical trough or if
the company reduces balance sheet debt to below $2.5 billion on a
sustainable basis. An upgrade would also require comfort that the
company will maintain at least $300 million of available liquidity
on a through-the-cycle basis and a commitment to deleveraging by
the company's next CEO.

Tronox Limited (Tronox), with corporate offices in Stamford, CT, is
currently the world's sixth largest producer of titanium dioxide
(TiO2) and is backward integrated into the production of titanium
ore feedstocks. It also produces electrolytic chemicals and
byproducts of titanium ore processing (principally zircon). It
operates three pigment plants located in Hamilton, Mississippi;
Botlek, The Netherlands; and Kwinana, Australia; as well as mines
and processing plants in South Africa and Australia. Tronox
acquired the Exxaro mineral sands business (predominately titanium
ore feedstocks) in a mostly equity-financed transaction in June
2012. Exxaro owned approximately 43% of Tronox as of June 30, 2017.
Tronox also acquired FMC Corporation's soda ash business in April
2015 for $1.65 billion in balance sheet cash and raised debt, but
divested the business for $1.325 billion in September 2017.
Tronox's revenues were $2.3 billion for the twelve months ended
June 30, 2017.

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


TRUE RELIGION: Hires Deloitte Tax as Service Provider
-----------------------------------------------------
True Religion Apparel, Inc. and its debtor-affiliates seek
authorization from the U.S. Bankruptcy Court for the District of
Delaware to employ Deloitte Tax LLP as tax services provider, nunc
pro tunc to the July 5, 2017 petition date.

Under the Tax Restructuring Engagement Letter, and as requested by
the Debtors and agreed to by Deloitte Tax, the firm will perform
these services:

   (a) advise the Debtors as they consult with their counsel and
       financial advisors on the cash tax effects of restructuring
       and bankruptcy and the post-restructuring tax profile;

   (b) advise the Debtors regarding the restructuring and
       bankruptcy emergence process from a tax perspective,
       including the tax work plan;

   (c) advise the Debtors on the cancellation of debt income for
       tax purposes under IRC section 108;

   (d) advise the Debtors on post-bankruptcy tax attributes
       available under the applicable tax regulations and the
       reduction of such attributes based on the Debtors'
       operating projections; including a technical analysis of
       the effects of Treasury Regulation Section 1.1502-28 and
       the interplay with IRC sections 108 and 1017;

   (e) advise the Debtors on potential effect of the alternative
       minimum tax in various post-emergence scenarios;

   (f) assist the Debtors with any needed determinations
       pertaining to historic IRC section 382 ownership changes,
       ownership shifts, or potential limitations for pre-
       emergence events in connection with the Debtors' evaluation
       of any NOL protective orders;

   (g) advise the Debtors on the effects of tax rules under IRC
       sections 382(1)(5) and (1)(6) pertaining to the post-
       bankruptcy net operating loss carryovers and limitations
       on their utilization, including the Debtors' ability to
       qualify for IRC section 382(1)(5);

   (h) advise the Debtors on net built-in gain or net built-in
       loss position at the time of "ownership change", including
       limitations on use of tax losses generated from post-
       restructuring or post-bankruptcy asset or stock sales;

   (i) assist the Debtors with U.S. federal income tax
       observations in connection with any NOL protective orders
       recommended or drafted by legal counsel or the Debtors'
       financial advisors;

   (j) advise the Debtors in their evaluation and modeling of the
       effects of liquidation, merging, or converting entities as
       part of the restructuring, including the effects on
       federal and state tax attributes and state apportionment;

   (k) assist the Debtors and their counsel on the anticipated
       tax work plan for the implementation of any desired/
       recommended legal entity realignment or restructuring,
       including domestic and foreign affiliates;

   (l) advise the Debtors as to the treatment of post-petition
       interest for state and federal income tax purposes;

   (m) advise the Debtors as to the state and federal income tax
       treatment of prepetition and post-petition reorganization
       costs including restructuring-related professional fees
       and other costs, the categorization and analysis of the
       costs, and the technical positions related thereto;

   (n) advise the Debtors on state income tax treatment and
       planning for restructuring or bankruptcy provisions in
       various jurisdictions, including cancellation of
       indebtedness calculation, adjustments to tax attributes
       and limitations on tax attribute utilization;

   (o) advise the Debtors on responding to tax notices and
       audits from various taxing authorities;

   (p) assist the Debtors with identifying potential tax refunds
       and advise the Debtors on procedures for tax refunds
       from tax authorities;

   (q) advise the Debtors on income tax return reporting of
       bankruptcy issues and related matters;

   (r) advise the Debtors with their efforts to calculate tax
       basis in the stock in each of their subsidiaries or
       other entity interests;

   (s) assist in documenting as appropriate, the tax analysis,
       development of the Debtors' opinions, recommendations,
       observations, and correspondence for any proposed
       restructuring, alternative tax issue, or other tax
       matter; and

   (t) advise the Debtors regarding other state or federal
       income tax questions that may arise in the course of this
       engagement, as requested by Client, and as may be agreed
       to by Deloitte Tax.

Deloitte Tax has also agreed to provide tax consulting services to
the Debtors relating to the Tax Consulting Engagement Letter and
the work orders issued thereunder as follows:

   (a) general tax consulting with respect to federal, foreign,
       state and local matters as requested and agreed to by
       Deloitte Tax if the contemplated fees for the services
       are expected to be less than $20,000;

   (b) under the Georgia Tax Appeal Work Order, assistance to the
       Debtors with their appeal of the tax audit assessment of
       the Georgia Department of Revenue for the tax years of
       2012 through 2014;

   (c) under the EMEA Tax Work Order, assistance to the Debtors
       with tax matters related to the unwinding of the Swiss
       business in coordination with the Debtors' debt
       restructuring; and

   (d) under the Transfer Pricing Work Order, assistance to the
       Debtors in reviewing and updating transfer pricing
       documentation solely for tax purposes related to certain
       specified intercompany transactions associated with the
       supply of merchandise by Guru Denim, Inc. and True
       ReligionBrand Jeans Canada ULC from fiscal year 2013
       through 2016.

Deloitte Tax will be paid at these hourly rates:

       Partner/Principal/
       Managing Director          $791-$875
       Senior Manager             $707-$742
       Manager                    $595-$637
       Senior                     $497
       Staff                      $399

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

The Debtors paid Deloitte Tax $691,058, including certain retainer
amounts, in the 90 days prior to the Petition Date.  As of the
Petition Date, approximately $138,760 of the retainer remained
outstanding. Deloitte Tax's use of the remaining retainer amounts
is contingent on the Court's approval of this Application and an
applicable fee application. As of the Petition Date, no amounts
were outstanding with respect to the invoices issued by Deloitte
Tax.

Kenneth Gerstel, partner in Deloitte Tax, 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.

Deloitte Tax can be reached at:

       Kenneth Gerstel
       DELOITTE TAX LLP
       655 West Broadway, Suite 700
       San Diego, CA 92101-8590
       Tel: (619) 232-6500
       Fax: (619) 237-6801

                About True Religion Apparel

Manhattan Beach, California-based True Religion Apparel Inc.
designs and markets denim, sportswear and accessories for men,
women and children under the "True Religion" brand.  Founded by
Jeff Lubell in 2002, the Company sells its products through
wholesale and retail channels on six continents and through their
websites at http://www.truereligon.com/and
http://www.last-stitch.com/ As of July 5, 2017, the True Religion  
Brand Jeans retailer had 140 True Religion and Last Stitch
brick-and-mortar stores.

The company has been controlled by TowerBrook Capital Partners
since its take-private transaction in July 2013.

True Religion and four affiliates sought Chapter 11 protection
(Bankr. D. Del. Lead Case No. 17-11460) on July 5, 2017, after
obtaining secured stakeholder support for a restructuring that
would reduce debt by over $350 million.

True Religion had $243.3 million in assets against $534.7 million
of liabilities as of Jan. 28, 2017. The company's legal advisors
include Wachtell Lipton Rosen & Katz and Pachulski Stang Ziehl &
Jones. Its financial advisor is MAEVA Group, LLC.  Prime Clerk LLC
is the claims and noticing agent.

The Ad Hoc Group of Unaffiliated Prepetition First and Second Lien
Lenders -- which signed the RSA -- tapped Akin Gump Strauss Hauer &
Feld LLP as counsel and Moelis &  Company, LLP, as financial
advisor.

On July 12, 2017, the Office of the U.S. Trustee appointed an
official committee of  unsecured creditors.  The Committee retained
Cooley LLP, as counsel, Province, Inc., as financial advisor.

On July 5, 2017, the Debtors filed a disclosure statement, which
explains their joint Chapter 11 plan of reorganization.


TRUE RELIGION: Plan Confirmation Hearing Set for Oct. 5
-------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware has
scheduled for Oct. 5, 2017, at 9:00 a.m. (EST) a hearing to
considered the confirmation of True Religion Apparel Inc., et al.

Objections to the plan confirmation must be filed by Sept. 27,
2017, at 4:00 p.m. (EST), which is also the deadline to vote on the
Plan.  Ballots must be submitted by Sept. 27, 2017, at 4:00 p.m.
(EST).

As reported by the Troubled Company Reporter on Aug. 30, 2017, the
Court approved the Debtors' Disclosure Statement.

The Debtor filed on Aug. 24, 2017, a disclosure statement for the
Debtors' first amended joint Chapter 11 plan of reorganization (as
modified).  If the Plan is confirmed, the Debtors will emerge from
these Chapter 11 cases with approximately 71% less funded debt.
The Debtors' pro forma exit capital structure will consist of (a)
New ABL Facility, to be provided by the same lenders that have
agreed to provide postpetition, senior secured debtor-in-possession
financing to the Debtors during the Chapter 11 cases, (b) up to
$114.5 million in aggregate principal amount of Reorganized First
Lien Term.

Class 5 General Unsecured Claims are impaired by the Plan.
Notwithstanding any provisions of the Plan to the contrary the
Prepetition Second Lien Claims will be deemed Allowed General
Unsecured Claims in an aggregate principal amount of $85 million
plus accrued and unpaid interest, fees, expenses and other
obligations arising under the Prepetition Second Lien Loan
Agreement and the other Prepetition Second Lien Loan Documents.  

As soon as reasonably practicable after the Effective Date, each
holder of an Allowed General Unsecured Claim will receive, in full
satisfaction, settlement, discharge and release of, and in exchange
for, Allowed General Unsecured Claim its pro rata share of the
"Class 5 Default Consideration", consisting of:

     (1) Reorganized First Lien Term Loans in the aggregate
         principal amount of $2.5 million under the Reorganized
         First Lien Term Loan Facility;

     (2) the number of Exchange Common Shares equal to 6.0% of
         the maximum number of Exchange Common Shares
         distributable under the Plan; and

     (3) Class A Warrants.

Only if Class 5 votes to accept the Plan, as soon as reasonably
practicable after the Effective Date, each holder of an Allowed
General Unsecured Claim, in full satisfaction, settlement,
discharge and release of, and in exchange for, Allowed General
Unsecured Claims, also will receive the "Class 5 Consensual Plan
Consideration", consisting of:

     (1) its pro rata share of $1 million in cash;

     (2) its Pro Rata share of additional Reorganized First Lien
         Term Loans in the aggregate principal amount of $2.0
         million under the Reorganized First Lien Term Loan
         Facility; provided, however, if any Holder of an Allowed
         General Unsecured Claim is a Class 5 Warrant Electing
         Holder, the holder will receive the Class 5 Warrants for
         Debt Treatment with respect to its Class 5 Swapped Debt;
         and

     (3) the Class 5 Equity Cash Out Option.

If Class 5 votes to accept the Plan, each Eligible Allowed Class 5
Claim Holder will have the right to elect the Class 5 Plan
Consideration Cash Out Option.  For the avoidance of doubt, (x) any
Eligible Allowed Class 5 Claim Holder that elects the Class 5 Plan
Consideration Cash Out Option shall not be permitted to exercise
the Class 5 Equity Cash Out Option (or if such Holder so elects,
the election will be deemed null and void) and (y) the Class 5 Plan
Consideration Cash Out Option Funder will not be entitled to elect
the Class 5 Equity Cash Out Option on behalf of any Eligible
Allowed Class 5 Claim Holder that elects the Class 5 Plan
Consideration Cash Out Option.

A copy of the Disclosure Statement is available at:

          http://bankrupt.com/misc/deb17-11460-383.pdf

                  About True Religion Apparel

Manhattan Beach, California-based True Religion Apparel Inc.
designs and markets denim, sportswear and accessories for men,
women and children under the "True Religion" brand.  Founded by
Jeff Lubell in 2002, the Company sells its products through
wholesale and retail channels on six continents and through their
websites at http://www.truereligon.com/and
http://www.last-stitch.com/ As of July 5, 2017, the True Religion
Brand Jeans retailer had 140 True Religion and Last Stitch
brick-and-mortar stores.

The company has been controlled by TowerBrook Capital Partners
since its take-private transaction in July 2013.

True Religion and four affiliates sought Chapter 11 protection
(Bankr. D. Del. Lead Case No. 17-11460) on July 5, 2017, after
obtaining secured stakeholder support for a restructuring that
would reduce debt by over $350 million.

True Religion had $243.3 million in assets against $534.7 million
of liabilities as of Jan. 28, 2017.

The company's legal advisors include Wachtell Lipton Rosen & Katz
and Pachulski Stang Ziehl & Jones. Its financial advisor is MAEVA
Group, LLC.  Prime Clerk LLC is the claims and noticing agent.

The Ad Hoc Group of Unaffiliated Prepetition First and Second Lien
Lenders -- which signed the RSA -- tapped Akin Gump Strauss Hauer &
Feld LLP as counsel and Moelis & Company, LLP, as financial
advisor.

On July 12, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  The Committee retained
Cooley LLP, as counsel, Province, Inc., as financial advisor.


UNITED CONTINENTAL: Fitch Affirms BB IDR & Sr. Unsecured Rating
---------------------------------------------------------------
Fitch Ratings has affirmed the Issuer Default Rating (IDR) for
United Continental Holdings, Inc. (UAL) and its airline operating
subsidiary, United Airlines, Inc. at 'BB'. The Ratings Outlook is
Stable. Fitch has also affirmed the ratings for United's
outstanding enhanced equipment trust certificates (EETCs).

The ratings affirmation reflects financial performance at United
that marginally underperformed Fitch's expectations over the past
year, and Fitch's forecast that credit metrics are likely to
deteriorate marginally in the short-term before improving beyond
2017. Weaker metrics reflect higher operating costs, fuel expenses,
and a soft unit revenue environment. Nevertheless, Fitch's
expectations for medium term adjusted leverage metrics in the
mid-to-high 3x range, EBITDAR margins sustained around 20%, and
prospects for improving free cash flow (FCF) are all supportive of
the 'BB' rating. Fitch believes that United's ratings could move
higher over the longer term should it improve operating margins
compared to peers, demonstrate consistently positive FCF and
maintain adjusted debt/EBITDAR in the low 3x range.

KEY RATING DRIVERS

Weaker Margins in 2017: Fitch expects United's operating margins to
be down materially in 2017 as labor and fuel expenses increase amid
the lingering soft unit revenue environment. Margin degradation was
expected in 2017 after two particularly good years in 2015 and
2016, though actual results may come in slightly below prior
expectations. Fitch's current forecasts includes EBIT margins in
2017 that are down more than 500 basis points from the 13.6% that
United posted in 2016, though the impact of Hurricane Harvey could
lead to a more material decline. Beyond 2017, Fitch expects margins
to improve as UAL moves beyond the increases in labor expense that
it is experiencing this year and as the company sees the full
effects of its basic economy initiative and cost savings efforts.
UAL is also building regional connectivity through some of its hubs
and re-banking others, which may provide near-term margin
benefits.

Higher Near-term Debt:  Debt financing of aircraft deliveries will
push United's total debt and leverage higher at least through 2017.
Higher on-balance sheet debt will be partially offset by lower
capitalized rent expenses as the company has recently purchased
some aircraft off of lease. In total, Fitch expects United to end
2017 with an adjusted debt/EBITDAR ratio just below 4x, up from 3x
at the end of 2016. Leverage should trend towards or below 3.5x
over the next several years after United moves beyond this year of
particularly heavy capital spending.

Hurricane Harvey Impact: Houston represents United's second largest
hub, meaning that United had greater exposure to the damage caused
by Hurricane Harvey than other major airlines. Longer-term impact
is uncertain at this time as the extent of the damage is still
being assessed, but Fitch does not expect this event to materially
affect United's credit profile at this time. Given the size and
importance of the Houston economy, Fitch expects business travel to
the area to rebound, though potential future growth could be
impacted. United estimates that the storm will have a 150 basis
point impact on unit revenues in the third quarter.

Improving Operational Performance: United's efforts to improve its
operational performance are proving effective. Achieving better
operational performance has been a key focus of United's new
management team over the past one to two years. The company has
reported better on-time arrival rates and significantly decreased
mishandled bags. Cancellations accounted for 0.58% of mainline
flights through the first six months of the year, down from as high
as nearly 1.5% in 2014. These improvements represent good strides
towards catching up with Delta, which has led the way in
operational performance over the past several years. Running a
smoother operation can have some cost headwinds in the form of
increased block times, but these can be offset by lower costs
related to cancelled flights, mishandled bags, and the benefits of
more satisfied travellers.

Uncertain Unit Revenue Environment: Unit revenues for U.S. air
carriers have been persistently weak for more than two years. The
environment began to improve in the back half of 2016, but
continued heavy competition is keeping a lid on any material unit
revenue growth this year. Most carriers are anticipating low single
digit growth in the third quarter. United expects PRASM to be down
by 3%-5%, lower than its primary competitors as it struggles with
the impacts of Hurricane Harvey, heavy competition, and weaker
demand in the Pacific region. Fitch's forecast includes
flat-to-slightly down unit revenues for full year 2017 though that
number is subject to revision based on the impact of Hurricane
Harvey and the persistence of the current competitive pricing
environment. Beyond 2017, unit revenues should benefit from various
initiatives such as changing its revenue management practices and
achieving the full potential of its basic economy product.

Above Average Capacity Growth: United expects to grow available
seat miles (ASMs) by 2.5%-3.5% in 2017 compared to around 1.5% at
American and 1% at Delta. Domestic flying will grow the fastest,
particularly as United adds frequencies into smaller markets in an
effort to increase connectivity at its hubs to attract profitable
connecting passengers, and as it continues to upgauge away from
small regional jet flying. Fitch does not view the capacity
increase as a concern as it represents a rational effort to
increase the competitiveness of its hubs. United also reports that
much of its new flying is expected to be margin accretive in the
near term.

FCF to Improve Beyond 2017: Fitch expects United's FCF to turn
negative in 2017 to more than $1 billion due to a high level of
capital spending along with cash outflows related to usage of
airline miles purchased in advance. FCF should improve towards or
above $1 billion in 2018 and remain positive thereafter as capital
spending declines. United plans to spend between $4.6 billion and
$4.8 billion in capex in 2017, and around a billion less than that
in 2018. Heavy capital spending this year reflects a large number
of widebody aircraft deliveries, higher pre-delivery payments for
aircraft, and increased spending on technology infrastructure.

KEY RATING DRIVERS FOR EETCs

Fitch's senior EETC tranche ratings are primarily based on a
top-down analysis of the level of overcollateralization (OC)
featured in each transaction. Fitch's stress analysis uses an
approach assuming the rejection of the entire pool of aircraft in a
severe global aviation downturn. The stress scenario incorporates a
full draw on the liquidity facility, an assumed 5%
repossession/remarketing cost, and various stresses to the value of
the collateral.

Based on updated appraisal information incorporated into Fitch's
analysis, the level of OC in each of these transactions has
decreased slightly over the past year. Each of these transactions
continues to pass Fitch's 'A' category stress test, while the UAL
2016-2 and 2016-1 'AA' certificates continue to pass Fitch's 'AA'
stress test by a healthy margin. Certain transactions including
Continental 2012-2 and United 2013-1 maintain limited headroom
within Fitch's 'A' category stress tests as underlying collateral
values for the 737-900ER have depreciated by more than Fitch's
expectations over the past several years, making those transactions
more vulnerable to potential future downgrades.

The B and C tranche ratings are notched from the 'BB' IDR of the
underlying airline. The B tranches rated at 'BBB' reflect a two
notch uplift based on a high affirmation factor (Fitch's judgment
on the likelihood that United would affirm the pool of aircraft in
a potential bankruptcy) and a one notch uplift for the presence of
a liquidity facility.

DERIVATION SUMMARY

United's 'BB' rating is in between the ratings of its two major
network rivals, Delta Air Lines ('BBB-') and American Airlines
(BB-). The ratings distinction between the three airlines is
reflective of the financial strategies adopted by each airline. For
instance, following its merger with Northwest Airlines, Delta
aggressively de-leveraged its balance sheet and now maintains a
leverage ratio of 2.1x, compared to 3.4x for United. American
Airlines on the other hand, has adopted a more aggressive financial
policy, borrowing heavily to finance new aircraft deliveries while
simultaneously sending material amounts of cash to shareholders via
share repurchases. As such, American's debt levels have risen since
it exited bankruptcy and it now maintains an adjusted leverage
metric of 4.7x. The 'BB' category ratings for both United and
American reflect material improvements to financial metrics in the
years since the 2008/2009 recession when they were rated 'B' or
lower. For instance, UAL posted an EBIT margin of 11.8% for the
latest 12 months (LTM) period ended June 30, 2017, up from an
average of 5.9% for the period between 2010-2013. JetBlue is rated
one notch below United despite having better headline financial
metrics (leverage, FCF, operating margins), with the rating
differential explained in part by the difference in size and scale
of the two carriers.

KEY ASSUMPTIONS

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

-- Capacity growth of 3% in 2017 followed by low single digit
    annual capacity growth thereafter;

-- Continued moderate economic growth for the U.S. over the near
    term, translating to stable demand for air travel;

-- Jet fuel prices equating to around $55/barrel on average for
    2017, increasing to around $65/barrel by 2020;

-- Moderately declining RASM in 2017 followed by modest annual
    growth thereafter.

RATING SENSITIVITIES

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

-- Adjusted debt/EBITDAR sustained around 3.0x;

-- Funds from operations (FFO) fixed charge sustained above 3.5x;

-- FCF as a percentage of revenue sustained in the mid-single
    digits;

-- Continued improvements in United's operational performance;

-- Evidence of improving unit revenues.

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

-- Adjusted debt/EBITDAR sustained above 4x;

-- EBITDAR margins deteriorating into the low double digit range;

-- Persistently negative or negligible FCF.

LIQUIDITY

Sufficient Liquidity: As of June 30, 2017, United maintained
approximately $6.7 billion in total liquidity including full
availability under its $2 billion revolver. Liquidity as a
percentage of LTM revenue was 17.8%, which is considered adequate
for the ratings particularly given Fitch's expectations that UAL
will generate significant cash flow from operations over the next
several years. Expected cash flow from operations along with the
ability to finance a significant portion of airline capital
expenditures should provide United with sufficient liquidity to
cover near-term needs, including upcoming debt maturities. The
company also maintains a sizeable and growing base of unencumbered
assets that can be tapped to raise funds if needed in the case of a
downturn.

Maturities of long-term debt and capital leases total roughly $448
million for the rest of 2017, $1.6 billion in 2018 and $1.1 billion
in 2019. Fitch considers United's debt maturities to be manageable
given its current liquidity balance, expectations for the company
to turn FCF positive in 2018 and the flexibility afforded by the
company's share repurchase program.

FULL LIST OF RATING ACTIONS

Fitch has affirmed the following ratings:

United Continental Holdings, Inc.
-- IDR at 'BB'
--  Senior unsecured rating at 'BB/RR4'.

United Airlines, Inc.
-- IDR at 'BB'
-- Secured bank credit facility at 'BB+/RR1'.

United Airlines Pass Through Trust Series 2016-2
-- Class AA Certificates at 'AA';
-- Class A Certificates at 'A'.

United Airlines Pass Through Trust Series 2016-1
-- Class AA Certificates at 'AA';
-- Class A Certificates at 'A'.

United Airlines Pass Through Trust Series 2014-2
-- Class A Certificates at 'A';
-- Class B Certificates at 'BBB'.

United Airlines Pass Through Trust Series 2014-1
-- Class A Certificates at 'A';
-- Class B Certificates at 'BBB'.

United Airlines Pass Through Trust Series 2013-1
-- Class A Certificates  at 'A';
-- Class B Certificates  at 'BBB'.

Continental Airlines Pass Through Trust Series 2012-2
-- Class A Certificates at 'A';
-- Class B Certificates at 'BBB'.

Continental Airlines Pass Through Trust Series 2012-3
-- Class C Certificates at 'BB+'.


UNITED RENTALS: Moody's Assigns Ba3 New Sr. Unsecured Debt Rating
-----------------------------------------------------------------
Moody's Investors Service assigned a Ba3 rating to United Rentals
(North America), Inc.'s new senior unsecured debt and affirmed all
other ratings including, the Corporate Family Rating (CFR) at Ba2,
the senior secured at Ba1, the senior unsecured at Ba3, and the
SGL-2 Speculative Grade Liquidity Rating. Proceeds from the new
senior unsecured debt will be used to finance the acquisition of
Neff Corporation (Neff Rental LLC "Neff", B2 stable). The ratings
outlook is stable.

RATINGS RATIONALE

URNA's ratings reflect the expectation that the company will
delever meaningfully, with debt reduction from free cash flow so
that debt to EBITDA improves towards the mid 2.0 times level by end
of 2018. Pro forma for the acquisition of Neff, URNA's debt to
EBITDA is expected to be around 3.3 times, higher than Moody's
expected. Moody's expects cash flow available to reduce debt of
about $1 billion through the next year, from a combination of
operations and proceeds from used equipment sales.

Moody's believes the Neff acquisition will improve United Rentals'
fleet mix and rental opportunities. Over half of Neff's $419
million of expected 2017 revenue is earthmoving equipment, and the
rental of that equipment early in the construction process would
position United Rentals to rent other equipment after the initial
earthmoving phase.

The Neff acquisition enhances scale, as URNA was already the
largest equipment rental company in North America, and likely to
support the already good margins, with an EBIT margin of about
26.5% for the last twelve months ended June 2017. URNA also
benefits from a national footprint which helps protect the
company's overall credit quality in the event of a regional
downturn, and acquiring Neff would strengthen United Rentals'
footprint in the southeastern U.S. The very large fleet size and
diversified equipment mix provide the opportunity to better serve
large customers, procure equipment competitively, and sell used
equipment at higher prices reflecting the company's equipment
maintenance program.

The Ba3 rating reflects the new notes' pari passu status with the
existing unsecured debt of URNA, effectively subordinated by the
ABL facility and the senior secured bond.

The SGL-2 Speculative Grade Liquidity Rating reflects the company's
good liquidity profile supported by the expectation of good free
cash flow generation ($1.0 billion generated during the LTM ended
June 30, 2017, which includes the proceeds of equipment sales), and
about $338 million cash balances as of June 30, 2017. After funding
the Neff acquisition, Moody's expects about $800 million to be
available under the $2.5 billion ABL facility.

The ratings could be upgraded if the company commits to further
de-leverage from its current leverage targets (2.5x-3.5x) and
executes--specifically, debt to EBITDA anticipated to remain below
2.0 times and EBITDA to interest trending to be above 7.0 times on
a sustainable basis (all numbers on a Moody's adjusted basis).
United Rentals' anticipated allocation of free cash flow will be an
important consideration in a rating upgrade given history of share
repurchases and debt-funded acquisitions.

The ratings could be downgraded if debt to EBITDA were expected to
be above 3.0 times into 2019, EBITDA to interest to decrease toward
4.0 times, and/or the company's liquidity profile to weaken.
Ratings could also be downgraded if sales and margins contracted
resulting in a lower return on its fleet. Increased shareholder
friendly actions or a debt-financed acquisition that resulted in
higher leverage could also pressure the rating. Moody's notes that
the company's secured notes could be downgraded if total secured
debt becomes a larger percentage of total debt.

The Neff acquisition is anticipated to close by year end. Upon
closing of the acquisition, Neff's ratings will be withdrawn.

The following summarizes rating action:

Moody's assigned the following rating:

Issuer: United Rentals (North America), Inc.

Proposed Gtd Senior Unsecured Regular Bond/Debenture, Ba3 (LGD4).

Moody's affirmed the following ratings:

Issuer: United Rentals (North America), Inc.

Corporate Family Rating, Ba2;

Probability of Default Rating, Ba2-PD;

Speculative Grade Liquidity Rating, SGL-2;

Senior Secured Regular Bond/Debenture due Jul 15, 2023, Ba1 (LGD2,
from LGD3);

Senior Unsecured Regular Bond/Debenture due Nov 15, 2024, Ba3
(LGD4, from LGD5);

Senior Unsecured Regular Bond/Debenture due Jul 15, 2025, Ba3
(LGD4, from LGD5);

Senior Unsecured Regular Bond/Debenture due Sept 15, 2026, Ba3
(LGD4, from LGD5);

Senior Unsecured Regular Bond/Debenture due May 15, 2027, Ba3
(LGD4, from LGD5);

Senior Unsecured Regular Bond/Debenture due Jan 15, 2028, Ba3
(LGD4, from LGD5);

Backed Senior Unsecured Shelf, (P)Ba3;

Backed Senior Subordinated Shelf, (P)B1.

Issuer: UR Financing Escrow Corporation

Senior Unsecured Regular Bond/Debenture due Apr 15, 2022, Ba3
(LGD4, from LGD5).

Outlook actions:

Issuer: United Rentals (North America), Inc.

The ratings outlook is stable.

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

United Rentals, headquartered in Stamford, CT, is an equipment
rental company with a fleet of approximately 430,000 units and
about 960 rental locations across the US and Canada. The company
operates in two business segments. Its General Rentals segment
provides construction, industrial and homeowner equipment; its
Trench Safety, Power & HVAC, and Pump Solutions segment provides
equipment for underground construction, temporary power, climate
control and disaster recovery, and pumps largely for the oil and
gas sector. While the primary source of revenue is from renting
equipment, the company also sells equipment and related parts and
services. Pro forma for the acquisition of Neff, revenues generated
during the LTM ended June 30, 2017 were estimated at about $6.4
billion.


UNITED RENTALS: S&P Assigns 'BB-' Rating on $1.5BB Unsecured Notes
------------------------------------------------------------------
S&P Global Ratings assigned its 'BB-' issue-level ratings and '4'
recovery ratings to United Rentals (North America) Inc.'s (URNA's)
proposed $750 million senior unsecured notes due 2025 and proposed
$750 million senior unsecured notes due 2028. The '4' recovery
rating indicates our expectation for average (30%-50%, rounded
estimate 35%) recovery in the event of a payment default. URNA is a
subsidiary of United Rentals Inc. (URI). URI is the guarantor of
the notes.

S&P said, "At the same time, we affirmed our issue-level and
recovery ratings on the company's existing debt. Our corporate
credit ratings and positive outlooks on URNA and URI remain
unchanged."

The company plans to use the proceeds from this issuance to fund
its acquisition of Neff Corp., repay borrowings under its
asset-based lending (ABL) facility, and pay fees and expenses. The
notes are conditional to the closing of the Neff acquisition and
will be redeemed if the acquisition transaction is not
consummated.

RECOVERY ANALYSIS

United Rentals Inc. operates in the competitive and cyclical
construction equipment rental market. Our simulated default
scenario contemplates an unexpected and drastic downturn in
nonresidential construction that severely strains the company's
equipment usage, rental rates, revenue, and cash flow.

S&P said, "Although we believe URI would likely reorganize after a
default, we use a discrete asset value (DAV) approach to analyze
recovery prospects for general equipment rental providers. We
believe this method provides a conservative estimate of the likely
value available to creditors; however, realization rates could be
lower than we assume if a large quantity of equipment floods the
market.

"Our DAV approach starts with URI's net book values as of June 30,
2017. We assume balance sheet accounts are partially diluted to
reflect the assumed loss of appraised value through additional
depreciation or expected contraction in working capital assets in
the period leading up to the hypothetical default. We then apply
realization rates to the assets, reflecting the friction of selling
or the discounts potential buyers or restructurers would apply in
distressed circumstances. We assume realization rates of 75% for
rental equipment, 80% for unsold accounts receivable (we exclude
the assets and liabilities related to URI's accounts receivable
special purpose entity), 65% for inventory, and 40% for other
property and nonrental equipment."

Simulated default assumptions

-- Simulated year of default: 2021
-- ABL draw: 70%, in line with expected levels after the close of
the transaction

Simplified waterfall

-- Net enterprise value: $5.161 billion
-- Collateral/noncollateral valuation split: 90%/10%
-- Collateral value available to secured creditors: $4.613
billion
-- ABL estimate (70% utilization): $1.734 billion
-- Collateral value available to secured noteholders: $2.879
billion
-- Secured second-lien notes: $1.023 billion
    --Recovery expectations: 90%-100% (rounded estimate: 95%)
-- Total value available to unsecured claims: $2.404 billion
-- Senior unsecured debt and pari passu claims: $6.471 billion
    --Recovery expectations: 30%-50% (rounded estimate: 35%)

Note: All debt amounts above include six months of prepetition
interest. Our recovery analysis excludes assets and liabilities
associated with URI's $675 million accounts receivable
securitization facility, which are at a nonrecourse
bankruptcy-remote subsidiary.

RATINGS LIST
  United Rentals (North America) Inc.
   Corporate credit rating                BB-/Positive/--

  Ratings Assigned
  United Rentals (North America) Inc.
   Senior unsecured
    $750 mil. notes due 2025              BB-
     Recovery rating                      4(35%)
    $750 mil. notes due 2028              BB-
     Recovery rating                      4(35%)


VANTIV LLC: Moody's Affirms Ba2 CFR & Sr. Credit Facility Rating
----------------------------------------------------------------
Moody's Investors Service affirmed Vantiv, LLC's corporate family
rating ("CFR") and senior secured credit facilities ratings at Ba2
and upgraded the probability of default rating ("PDR") to Ba2-PD
from Ba3-PD. In addition, Moody's assigned a Ba2 rating to the
incremental senior secured term loans. The rating outlook is
stable.

The net proceeds from the proposed secured term loans will be used
to help fund Vantiv's proposed acquisition of Worldpay Group plc
("Worldpay") for about $12 billion in enterprise value.
Post-acquisition, the credit facilities will be secured on a first
lien basis by substantially all tangible and intangible assets of
Vantiv's domestic subsidiaries. Vantiv also plans to issue senior
unsecured notes totaling $1.13 billion later this year. Upon
closing of the transaction, which is expected to occur in the first
quarter of 2018, Moody's expects that Worldpay's senior unsecured
notes due 2022 will likely be affirmed at Ba2, given its priority
position in the capital structure relative to the Worldpay assets.

RATINGS RATIONALE

While Vantiv's adjusted debt to EBITDA will initially be high for
the Ba2 CFR rating category at over 5x times without reflecting any
synergies upon acquisition close, Moody's expects leverage to
improve to 4 times by the end of 2019. This is consistent with
management's public commitment to reduce reported leverage to 4.0x
debt to EBITDA leverage ratio over 12-18 months following the close
as well as the company's prior track record of reducing leverage
through a combination of debt repayment and accelerated profit
growth. The de-leveraging will be supported by the substantial free
cash flow of the combined entity which should exceed $800 million
on an annual basis. In addition, Moody's expects that Vantiv will
generate high-single digit adjusted annual profit growth aided by
about $200 million of projected run-rate cost synergies, which are
expected to be realized over a 3 year period after the close of the
acquisition.

The Ba2 CFR considers Vantiv's significant size in its markets,
which will be bolstered by the acquisition of Worldpay, and strong
position as both a merchant acquirer and a card issuing processor
for financial institutions. The transaction will bring significant
strategic benefits as it strengthens Vantiv's business profile by
providing enhanced scale and international diversity. The
acquisition of Worldpay will add a large and rapidly growing
e-commerce business and will reduce Vantiv's reliance on its
traditional card-processing business at large US retailers.

The stable outlook reflects Moody's expectation that Vantiv will
generate at least mid-single digit organic annual revenue growth
and free cash flow of more than $600 million over the next year on
a standalone basis. Operating performance will likely be buoyed by
a modestly growing U.S. economy, an expanding sales network and
merchant base, and the rapid growth of integrated payment
solutions.

The ratings could be upgraded if Vantiv increases market share
through organic revenue growth without pressuring operating margins
and Moody's expects debt to EBITDA to be sustained in the low 3x
range. The ratings could be downgraded if Moody's expects declines
in revenue and profits, increased customer churn, poor execution,
or heightened competition. In addition, negative rating pressure
could arise if it becomes apparent that Vantiv's financial leverage
will remain in excess of 4.5x on Moody's basis beyond 18 months
after the close of the Worldpay acquisition.

Ratings upgraded:

Issuer: Vantiv, LLC

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

Ratings assigned:

Issuer: Vantiv, LLC

-- Senior Secured Bank Credit Facilities, Ba2 (LGD3)

Ratings affirmed:

Issuer: Vantiv, LLC

-- Corporate Family Rating, Ba2

-- Senior Secured Bank Credit Facilities, Ba2 (LGD3)

-- Speculative Grade Liquidity, SGL-1

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

Vantiv, with projected annual net revenues of over $3.5 billion
(pro forma for the acquisition of Worldpay), is a payment solutions
provider servicing financial institutions' and retailers' credit
card, debit card, merchant and private label programs.


VELLANO CORP: U.S. Trustee Forms 3-Member Committee
---------------------------------------------------
William K. Harrington, the United States Trustee for Region 2, on
Sept. 7 appointed three creditors to serve on the official
committee of unsecured creditors in the Chapter 11 case of The
Vellano Corp.

The committee members are:

     (1) McWane, Inc.
         Attn: Bernie Kenney, Credit Manager
         2266 S. 6th Street
         Cashocton, OH 43812
         Tel: (800) 800-6013
              (740) 291-1014
         E-mail: bernie.kenney@mcwaneductile.com

     (2) Lane Enterprises, Inc.
         Attn: Michael J. McCauley
         3905 Hartzdale Drive, Suite 514
         Camp Hill, PA 17011
         Vice President-Corporate Strategy
         Tel: (717) 761-8175
         Fax: (717) 761-5055
         E-mail: mmccauley@lane-enterprises.com

     (3) National Pipe & Plastics, Inc.
         Attn: Shelley M. Suer, CFO
         3421 Old Vestal Road
         Vestal, NY 13850
         Tel: (607) 729-9381
         Fax: (607) 729-9380
         E-mail: ssuer@nationalpipe.com

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

                        About The Vellano

The Vellano Corporation -- http://www.vellano.com/-- is a
veteran-owned business in the water and waste industry.  It
provides water services, sewer services and industrial supplies.
The Debtor has 14 branch locations in six states: New York,
Massachusetts, New Hampshire, Rhode Island, Alabama and Georgia.
It employs more than 100 people.

The Vellano Corporation sought Chapter 11 protection (Bankr.
N.D.N.Y. Case No. 17-11348) on July 21, 2017, disclosing total
assets at $5.81 million and total liabilities at $15.65 million.
The petition was signed by Paul Vellano, as authorized
representative.

The Debtor tapped Richard H. Weiskopf, Esq., at The De Lorenzo Law
Firm as counsel.


WABASH NATIONAL: Moody's Rates New $325MM Sr. Unsecured Notes B1
----------------------------------------------------------------
Moody's Investors Service assigned a B1 rating to Wabash National
Corporation's (Wabash) new $325 million senior unsecured notes.
Concurrently, Moody's upgraded the senior secured term loan to Ba2
from B1. This rating action follows the company's recent
announcement that it would acquire Supreme Industries, Inc.
(Supreme), primarily with unsecured debt. Moody's also affirmed the
Ba3 Corporate Family Rating (CFR) and Ba3-PD Probability of Default
Rating (PDR). Additionally, the SGL-1 speculative grade liquidity
rating was affirmed. The ratings outlook remains stable.

The transaction is expected to close in the fourth quarter of 2017,
subject to customary regulatory approvals.

RATINGS RATIONALE

The ratings take into account the material increase in Wabash's
financial leverage (debt/EBITDA) as a result of the debt-financed
acquisition and anticipate the company will de-lever quickly,
consistent with its history. Leverage is expected to approach 2.7x
pro forma from 1.2x (after Moody's standard adjustments), within
the range anticipated for a large acquisition. Nonetheless, the
transaction has occurred amidst moderating trailer demand, which is
expected to continue, and rising input costs as well as an active
pace of share buybacks and dividends. Severe industry cyclicality
remains the principal risk faced by the company. As well, the
Commercial Trailer Products segment continues to represent the
majority of revenues (about 70% pro forma) and its low margins do
not provide much cushion in the event of a sudden declines in
demand. Thus, Moody's believes that maintaining a conservative
balance sheet, including the use of free cash flow to repay debt,
along with significant available liquidity, would strengthen
Wabash's ability to contend with the severe down cycles in the
demand for trailers.

Wabash is a leader in truck trailer manufacturing, yet the
acquisition of Supreme continues the company's focus on
diversifying from its core of highly cyclical heavy duty trailers
(mainly Class 8) into somewhat less cyclical truck bodies for the
light-to-medium (Classes 2-5) trailer market. Moody's anticipates
that ongoing productivity and cost saving initiatives, coupled with
potential synergies from the integration of Supreme, will continue
to support the company's margins and robust (albeit lower) free
cash flow generation over the next year. This should help offset
the moderation in trailer demand, rising commodity costs and
pricing pressures.

The upgrade of the senior secured debt to Ba2 reflects its improved
recovery prospects due to the issuance of what will be a
preponderance of unsecured debt. The senior unsecured debt is rated
B1, one notch below the CFR. Moody's anticipates the company's
convertible subordinated notes will be repaid at or prior to their
maturity in May 2018, and that repayment will not affect the
ratings on the secured or unsecured debt.

The SGL-1 Speculative Grade Liquidity Rating reflects Moody's
expectation of very good liquidity over the next year. This is
supported by sizeable cash balances, an undrawn $175 million
revolving credit facility due 2020 and expectation of free cash
flow of at least $100 million.

Moody's took the following actions:

Issuer: Wabash National Corporation

Corporate Family Rating, affirmed at Ba3;

Probability of default, affirmed at Ba3-PD;

Senior unsecured notes, assigned a rating of B1 (LGD5);

Senior secured bank credit facility, upgraded to Ba2 (LGD3) from
B1 (LGD5), previously on review for upgrade;

Speculative Grade Liquidity rating, affirmed at SGL-1.

Outlook, remains stable.

The stable outlook reflects our expectation that demand for new
trailers, while moderating, will remain supportive over the next
year, with efficiency gains and Supreme's revenue growth and
profitability helping to offset the impact of Wabash's standalone
top-line declines. The stabilization in the energy markets should
also support a modest upward inflection in demand for the company's
tank trailers. Further, the stable outlook anticipates that the
company will maintain a financial policy and capital structure
supportive of the Ba3 rating profile.

A ratings upgrade could follow if Wabash executes its
diversification strategy successfully following the Supreme
acquisition and de-levers quickly, such that debt to EBITDA
improves to below 2.0x on a sustained basis and retained cash flow
to debt is above 20%, in combination with a business profile that
is able to withstand severe cyclical downturns in trailer demand.

The ratings could be downgraded if demand expectations for trailers
weaken materially, such that Moody's expects adjusted operating
margins to decline below the high single digits. Downward ratings
pressure could also develop if such market conditions occur when
the company has deteriorating liquidity, including negative free
cash flow or a reliance on revolver borrowings to fund internal
cash needs, and/or near-term debt maturities. Inability of
Supreme's revenue growth to more than offset Wabash's core top-line
declines or debt-to-EBITDA that is expected to increase to 3.0
times or more on a sustained basis could drive downwards rating
pressure. Shareholder-friendly actions that compromise creditor
interests would also drive downward ratings momentum.

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

Wabash National Corporation, based in Lafayette, Indiana, is a
leading designer and manufacturer of truck and tank trailers as
well as related transportation equipment. Supreme Industries, Inc.
is a manufacturer of truck bodies. Revenues were approximately $2
billion pro forma as of the last twelve month period ended June
2017.


WABASH NATIONAL: S&P Rates New $325MM Senior Unsecured Notes 'B+'
-----------------------------------------------------------------
S&P Global Ratings assigned its 'B+' issue-level rating and '6'
recovery rating to Wabash National Corp.'s proposed $325 million
senior unsecured notes due 2025. The '6' recovery rating indicates
S&P's expectation for negligible (0%-10%; rounded estimate: 0%)
recovery in the event of a payment default.

S&P said, "At the same time, we affirmed our 'BB+' issue-level
rating on Wabash's existing senior secured term loan due 2022. The
'2' recovery rating remains unchanged, indicating our expectation
for substantial (70%-90%; rounded estimate: 75%) recovery in a
payment default scenario."

The company anticipates that it will use the proceeds from the
proposed notes, along with cash, to finance the acquisition of
Supreme Industries Inc. S&P said, "Our corporate credit rating on
Wabash remains unchanged, as we view the proposed acquisition as in
line with the strategic growth and diversification initiatives that
Wabash has implemented over the past few years, which continue to
reduce the company's dependency on the demand for dry vans. We
believe that Supreme Industries' leading presence in truck body
manufacturing will provide Wabash with the opportunity to further
expand its scale and service offerings; however, our overall view
of the company's business risk remains unchanged.

"Pro forma for the proposed acquisition, we continue to expect that
Wabash will maintain appropriate credit metrics for the current
rating, including a free operating cash flow-to-debt ratio of at
least 15% and a debt-to-EBITDA metric of less than 3x over the next
12 months."

RECOVERY ANALYSIS

Key analytical factors

S&P said, "We estimate that, for the company to default, its EBITDA
would need to decline significantly, such as through a deep
cyclical downturn from the current state of its business. We also
assume a cyclical rebound following the company's default to arrive
at our emergence EBITDA."

Simulated default assumptions

-- Simulated year of default: 2022
-- EBITDA at emergence: $51 million
-- EBITDA multiple: 5x

Simplified waterfall

-- Net enterprise value (after 5% admin. costs): $242 million
-- Valuation split in % (obligors/nonobligors): 100%/0%
-- Priority claims: $102 million
-- Collateral value available to first-lien debt: $141 million
-- First-lien debt: $185 million
    —Recovery expectations: 70%-90%; rounded estimate: 75%
-- Collateral value available to unsecured claims: $0 million
-- Senior unsecured debt: $334 million
    —Recovery expectations: 0%-10%; rounded estimate: 0%

Ratings List

  Wabash National Corp.
   Corporate Credit Rating                   BB/Stable/--

  Ratings Affirmed; Recovery Revised
                                           To           From
   Wabash National Corp.
    Senior Secured                           BB+          BB+
     Recovery Rating                         2(75%)       2(70%)

  New Rating

  Wabash National Corp.
   Senior Unsecured
   $325 mil notes due 2025                   B+
     Recovery Rating                         6(0%)


WEST VIRGINIA HIGH: Dec. 11 Plan Confirmation Hearing
-----------------------------------------------------
Judge Patrick M. Flatley of the U.S. Bankruptcy Court for the
Northern District of West Virginia conditionally approved West
Virginia High Technology Consortium Foundation and HT Foundation
Holdings, Inc.'s amended disclosure statement explaining its
amended plan of reorganization.

Oct. 14, 2017, is fixed as the last day for filing acceptances or
rejections of the Chapter 11 Plan.

Oct. 14, 2017, is also fixed as the last day for filing and serving
initial written objections to confirmation of the Chapter 11 Plan.

Dec. 4, 2017, is fixed as the last day for filing supplemental
written objections to confirmation following the conclusion of
discovery.

A hearing will be held on Dec. 11, 2017, at 10:00 a.m., in the L.
Edward Friend II Bankruptcy Courtroom, located on the third floor
of the U.S. Courthouse, 1125 Chapline Street, Wheeling, West
Virginia, to consider and act upon confirmation of the Chapter 11
Plan and any objection thereto.

                  About West Virginia High

West Virginia High Technology Consortium Foundation and HT
Foundation Holdings, Inc. filed chapter 11 petitions (Bankr. N.D.
W.Va. Lead Case No. 16-00806) on Aug. 4, 2016.  The petitions were
signed by James L. Estep, president and CEO.

In their petitions, the Debtors estimated $10 million to $50
million in both assets and liabilities.

Judge Patrick M. Flatley presides over the cases.  David B.
Salzman, Esq., at Campbell & Levine, LLC serves as bankruptcy
counsel.  The Debtors employed Rolston & Company as real estate
appraiser; Easter Valley, LLC as real estate broker; and Arnett
Carbis Toothman, LLP as accountants.

On December 2, 2016, the Debtors filed their Chapter 11 plan of
reorganization and disclosure statement.


WESTERN STATES: Itria to Retain $10K Payment From Collateral Funds
------------------------------------------------------------------
Western States, Inc., filed with the U.S. Bankruptcy Court for the
District of Wyoming a first amended disclosure statement dated Aug.
21, 2017.

Itria Ventures, LLC, will retain the payment of $10,000 from cash
collateral funds.  That amount reflects the value of the funds
subject to their lien on the petition filing date.  This Class
Three Claim is impaired.  The balance of the unsecured claim will
be paid under Class Four.  Itria filed a disclosure statement
objection.  In its objection, Itria contends that it has a first
lien positon over AVANA and the SBA.  The Debtor contends that
Itria has a third lien position behind AVANA CAPITAL, L.L.C. and
AVANA FUND I LLC and the SBA, and that the lien priority may be
determined at the confirmation hearing or alternatively Itria may
file adversary proceeding to establish its priority over the SBA
and AVANA within 30 days from the effective date.

The Debtor owes its Class Four Unsecured Creditors approximately
$500,000 plus the unsecured deficiency claims to the SBA and Itria
Ventures.  The claims bar date is May 31, 2017.  The unsecured
creditors will be paid $240,000 over a period of 60 months.  The
monthly payment will be $4,000.  The unsecured creditors will be
paid on a quarterly basis.  The first payment will be due on the
first of the following dates that falls 30 days after the effective
date-Jan. 2, April 1, July 1, and Oct. 1.  This class is impaired.


The funds necessary for the plan payments will be made from the
sale of the property or the ongoing operation of the hotel.
Receiver CRU Real Estate Group will continue to operate the motel
for a period of 60 days after the effective date of the Plan.  The
Debtor may retain CRU beyond that 60 day time period at its
discretion.

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

          http://bankrupt.com/misc/wyb17-20041-228.pdf

As reported by the Troubled Company Reporter on June 7, 2017, the
Debtor filed a Chapter 11 plan of reorganization that will set
aside $240,000 to pay its unsecured creditors.  Under that the
proposed plan, creditors holding Class 4 unsecured claims would be
paid $240,000 over a period of 60 months.  

                       About Western States

Western States, Inc., operates the Ramada Plaza Casper Motel &
Conference Center located in Casper, Wyoming.  Its shareholders are
Satwant Singh Sran and Daljeet Mann who own 70% and 30% of the
shares, respectively.

The Debtor filed a Chapter 11 petition (Bankr. D. Wyo. Case No.
17-20041) on Jan. 25, 2017.  The petition was signed by Daljeet S.
Mann, general manager and shareholder.  In its petition, the Debtor
estimated $1 million to $10 million in both assets and
liabilities.

Judge Cathleen D. Parker presides over the case.  The Debtor is
represented by Paul Hunter, Esq., in Cheyenne, Wyoming.

The U.S. Trustee has not appointed a trustee, an examiner or an
unsecured creditors' committee in the case.


WILLIAMSON & WILLIAMSON: Oct. 26 Hearing on Disclosure Statement
----------------------------------------------------------------
Judge Neil P. Olack of the U.S. Bankruptcy Court for the Northern
District of Mississippi will convene a hearing on Oct. 26, 2017, at
11:00 a.m. to consider and act upon the disclosure statement filed
by Williamson & Williamson Farms Partnership.

Objections to the disclosure statement must be filed on or Oct. 4,
2017.

             About Williamson & Williamson Farms

Williamson & Williamson Farms Partnership sought Chapter 11
protection (Bankr. N.D. Miss. Case No. 16-10671) on Feb. 26, 2016.
The petition was signed by Ricky D. Williamson, partner. The Debtor
estimated assets at $2.59 million and liabilities at $2.10
million.

Judge Neil P. Olack is assigned to the case.

The Debtor tapped Jeffrey A. Levingston, Esq., at Levingston &
Levingston, PA, as counsel.



WYNIT DISTRIBUTION: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------------
Debtor affiliates that filed separate Chapter 11 bankruptcy
petitions:

      Debtor                                   Case No.
      ------                                   --------
      WYNIT Distribution LLC                   17-42726
      700 W 76th Street Suite 116
      Eden Prairie, MN 55344

      WD Navarre Distribution LLC              17-42728
      700 W 76th Street Suite 116
      Eden Prairie, MN 55344

      WD Navarre Holdings LLC                  17-32864

      WD Navarre Digital Services LLC          17-32865

      WD Encore Software LLC                   17-42729

      WYNIT Holdings Inc                       17-32866

      WD Navarre Canada ULC                    17-32867

Type of Business: WYNIT Distribution, LLC is an international
                  distributor of products from the top brands in
                  the consumer electronics, photo, wide format
                  printing, security and outdoor leisure and
                  adventure industries.  With headquarters in
                  Greenville, SC, the Company serves a wide range
                  of customers ranging from large national
                  retailers to independent resellers through
                  dedicated business units and strategically
                  located distribution facilities in the U.S. and
                  Canada.  Founded in 1987 WYNIT Distribution,
                  LLC's mission is to improve the competitive
                  position of its customers and suppliers.

                  For more information, call WYNIT at 1-800-GO-
                  WYNIT or visit wynit.com.

Chapter 11 Petition Date: September 8, 2017

Court: United States Bankruptcy Court
       District of Minnesota (Minneapolis)

Judge: Hon. Kathleen H Sanberg

Debtors' Counsel: Robert T. Kugler, Esq.
                  STINSON LEONARD STREET LLP
                  150 South Fifth Street, Suite 2300
                  Minneapolis, MN 55402
                  Tel: 612-335-1645
                  E-mail: robert.kugler@stinson.com

WYNIT's estimated assets: $100 million to $500 million
WYNIT's estimated debt: $100 million to $500 million

WD Navarre's estimated assets: $100 million to $500 million
WD Navarre's estimated debt: $100 million to $500 million

The petitions were signed by Pete Richichi, chief operating
officer.  Full-text copies of the petitions are available for free
at:

            http://bankrupt.com/misc/mnb17-42726.pdf
            http://bankrupt.com/misc/mnb17-42728.pdf

WYNIT Distribution LLC's List of 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Amazon Fulfillment Services         Trade Creditor     $1,704,571
410 Terry Avenue
North Seattle, WA
98108-1226

Asian Express Holdings, Ltd.        Trade Creditor     $2,927,535
8619 Wall Street, Suite 400
Austin, TX 78754

Canon USA, Inc.                     Trade Creditor     $6,424,325
One Canon Plaza
New Hyde Park, NY
11042-1198

Daymen Asia Limited                 Trade Creditor    $12,862,091
1435 North McDowell
Petaluma, CA 94954

Evollve, Inc.                       Trade Creditor     $1,383,184
129 W Torrance Blvd
Redondo Beach, CA 90277

Fitbit Inc.                         Trade Creditor    $31,524,143
405 Howard
Street Suite 550
San Francisco, CA  94105

Harman Technology Limited           Trade Creditor     $1,822,713
Town Lane, Mobberly Knutsford,
Cheshire
WA16 7JL, England

Hid Fargo                           Trade Creditor     $1,344,556
6533 Flying
Cloud Drive
Eden Prairie, MN 55344

HID Global Corporation              Trade Creditor     $1,741,958
15370 Barranca Parkway
92618

Lifeprint Products Inc.             Trade Creditor     $2,061,516
5216 Breese CIR 95762

McAfee, LLC                         Trade Creditor     $3,480,045
2821 Mission Colleged Blvd.
Santa Clara, CA 95054

Nuance Communications, Inc.         Trade Creditor     $3,097,706
One Wayside Road
Burlington, MA 01803

Orbotix Inc.                        Trade Creditor     $2,423,359
4772 Walnut Street,
Suite 206
Boulder, CO 80301

Quicken Inc.                       Trade Creditor       $1,488,863
180 Jefferson Drive
94025

Square Inc.                        Trade Creditor       $1,578,736
901 Mission Street
San Francisco, CA
94103

Symantec Corporation               Trade Creditor       $9,301,216
20330 Stevens
Creek Boulevards
Cupertino, CA 95014

SZ DJI Technology Co Ltd.          Trade Creditor       $9,927,353
Bijdorp-Oost 6
2992LA Barendrecht
The Netherlands

Wacom Technology Corporation       Trade Creditor       $2,044,711
1311 SE Cardinal Court
Vancouver, WA 98683

Western Digital Technologies       Trade Creditor       $2,363,462
20511 Lake Forest Drive
Lake Forest, CA
92630

Yuneec USA Inc.                    Trade Creditor       $7,163,459
5555 Ontario
Mills Parkway
Ontario, CA 91764


YULONG ECO-MATERIALS: KSP Group Inc. Casts Going Concern Doubt
--------------------------------------------------------------
Yulong Eco-Materials Ltd. filed with the U.S. Securities and
Exchange Commission its annual report on Form 10-K, disclosing a
net loss of $53.19 million on $42.64 million of total revenues for
the fiscal year ended June 30, 2016, compared with a net income of
$8.68 million on $46.23 million of total revenues in 2015.

KSP Group, Inc., states that the Company has suffered significant
losses from operations, has a working capital deficiency, and
insufficient cash to meet its short-term obligations.  These
factors raise substantial doubt about the Company's ability to
continue as a going concern.

The Company's balance sheet at June 30, 2016, showed $36.44 million
in total assets, $25.18 million in total liabilities, and a total
equity of $11.26 million.

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

                        https://is.gd/BziX6b

                    About Yulong Eco-Materials Ltd.

Yulong Eco-Materials Ltd. is incorporated in Cayman Island and is
located in Pingdingshan City, Henan Province, China.  Yulong is the
leading producer of eco-friendly fly-ash bricks and concrete in
Pingdingshan.  The Company has a market share of 51% in the brick
market and 30% in the concrete market in Pingdingshan in both
fiscal year 2014 and 2013. The Company currently owns its assets
and conducts its operations through its subsidiary, Zhengzhou Xing
De Enterprise Management & Consulting Co., Ltd.



[*] Saul Ewing And Arnstein & Lehr Merge to Create New Firm
-----------------------------------------------------------
Saul Ewing LLP and Arnstein & Lehr LLP merged effective Sept. 1,
2017.  Now known as Saul Ewing Arnstein & Lehr, the combination
creates a firm with 400-plus attorneys with expanded capabilities,
greater depth in key practice areas and a continued focus on core
industries including energy, higher education, insurance and life
sciences.  Its 15 offices stretch down the East Coast from Boston
to Miami and extend into the Midwest by way of Chicago.  A
client-centric commitment to excellence will continue to be the
core operating principle of Saul Ewing Arnstein & Lehr.

Barry F. Levin, who will serve as the combined firm's managing
partner, said, "For many years, Saul Ewing looked for the right
growth opportunity that would build on our special culture and
passion for putting clients first.  We immediately found that same
client commitment with Arnstein & Lehr.  Our success will continue
to be built on knowing our clients' businesses, understanding their
industries and delivering our services effectively and
efficiently."

"Our combined experience, depth of talent, and commitment to serve
our clients as our No. 1 priority have come together to form an
even more energized, ambitious and results-driven firm.  We are
dedicated to being one of America's great law firms," said Jeffrey
B. Shapiro, the former managing partner of Arnstein & Lehr who will
continue to lead the firm's Miami office and will serve on the
combined firm's executive committee.  

Saul Ewing and Arnstein & Lehr have several shared clients who will
now have the benefit of working with both firms under the same
umbrella.  The firm also expects that its wider geographic reach,
deeper bench and broader capabilities will allow it to expand its
work for its existing clients.

Asked to comment on the merger, Andrew M. Wasserman, Willis Towers
Watson's General Counsel for North America, responded, "We have
worked with the lawyers at Saul Ewing for over 20 years -- they are
true client advocates.  With the continuing growth of our U.S.
operations, we are excited about the expanded geographic footprint
and enhanced capabilities that Saul Ewing Arnstein & Lehr now
offers."

"Having two powerhouse firms like Saul Ewing and Arnstein & Lehr
under one roof collaborating on our matters is a huge plus for us,"
said Robert Honig, General Counsel, Thornton Tomasetti.

Linda Madway, Senior Vice President & General Counsel for ShopCore
Properties, LP, added, "With a deeper bench and a greater
geographic area, Saul Ewing Arnstein & Lehr will provide an
opportunity to offer us even more comprehensive service and in more
locations."

Saul Ewing joins the merger with 11 offices from Boston to
Washington, D.C., and west to Pittsburgh.  A full-service law firm,
Saul Ewing has served clients throughout the United States and
internationally, with an emphasis on those in the higher education,
insurance, life science and energy industries.  The merger deepens
Saul Ewing's bench in several key practice areas, including
bankruptcy, business and finance, litigation, and real estate and
opens up new practice areas including immigration and foreign
investment.  

Based in Illinois and Florida, Arnstein & Lehr is one of the
country's oldest and most respected law firms. Since its founding
in 1893, the firm has served clients of all sizes throughout the
U.S. and abroad, with attorneys practicing in five main practice
areas -- business, litigation, local government, tax and estate
planning and real estate. In addition to deepening its bench in
those core areas, for Arnstein & Lehr, the merger provides a
long-sought presence on the East Coast (including in Delaware for
its bankruptcy practitioners) and strengthens the firm’s
intellectual property offerings.


[*] Two Bankruptcy Veterans Join Epiq's Corp. Restructuring Team
----------------------------------------------------------------
Epiq, a global provider of integrated technology solutions and
services for the legal profession, on Sept. 7, 2017, announced the
appointment of two bankruptcy veterans, Eric Kerwood and Wesley
Appell as managing director and director, respectively, within its
corporate restructuring services practice in New York. olp

"Our services are differentiated by our ability to help clients
navigate complicated legal processes," said Brad D. Scott,
co-president and co-chief operating officer.  "Eric and Wes's deep
understanding of issues that affect the financial and legal
communities and highly esteemed expertise will be instrumental in
advancing our goal to be the preferred strategic partner for
complex legal matters for Epiq clients across the globe."

Mr. Kerwood will focus on strategic growth initiatives and managing
key relationships with leading industry firms in both the legal and
financial sector.  He is a 20-year veteran in the restructuring
industry and spent 15 years as a financial advisor in distressed
workouts and turnarounds, assisting with out-of-court solutions and
formal bankruptcy proceedings, and several years with a claims
agent before joining Epiq.

Mr. Kerwood currently serves on the Board of the Association of
Insolvency and Restructuring Advisors (AIRA).  He is also a member
of the Turnaround Management Association (TMA) and is a Certified
Turnaround Professional (CTP) and Certified Insolvency and
Restructuring Advisor (CIRA).  Mr. Kerwood received a Bachelor of
Science degree from Boston College.

Mr.  Appell is a 12-year veteran in the restructuring industry who
recently served as a financial advisor to distressed companies and
their creditors.  Mr. Appell is a member of the Turnaround
Management Association (TMA) and the American Bankruptcy Institute
(ABI).  Mr. Appell received a Bachelor of Science degree in finance
from San Diego State University.

                           About Epiq

Epiq -- http://www.epiqsystems.com/-- is a global provider of
integrated technology and services for the legal profession,
including eDiscovery, managed services, bankruptcy, class action
and mass tort administration, federal regulatory actions and data
breach responses.


[^] Large Companies with Insolvent Balance Sheet
------------------------------------------------
                                               Total
                                              Share-      Total
                                   Total    Holders'    Working
                                  Assets      Equity    Capital
   Company        Ticker           ($MM)       ($MM)      ($MM)

ABSOLUTE SOFTWRE  ALSWF US          98.3       (53.7)     (31.2)
ABSOLUTE SOFTWRE  OU1 GR            98.3       (53.7)     (31.2)
ABSOLUTE SOFTWRE  ABT CN            98.3       (53.7)     (31.2)
ABSOLUTE SOFTWRE  ABT2EUR EU        98.3       (53.7)     (31.2)
ABV CONSULTING I  ABVN US            0.0        (0.2)      (0.2)
AGENUS INC        AJ81 GR          176.5       (17.5)      77.8
AGENUS INC        AGEN US          176.5       (17.5)      77.8
AGENUS INC        AJ81 TH          176.5       (17.5)      77.8
AGENUS INC        AGENEUR EU       176.5       (17.5)      77.8
AGENUS INC        AJ81 QT          176.5       (17.5)      77.8
AKCEA THERAPEUTI  AKCA US          124.1       (83.0)      53.6
AKCEA THERAPEUTI  1KA GR           124.1       (83.0)      53.6
AKCEA THERAPEUTI  AKCAEUR EU       124.1       (83.0)      53.6
AKCEA THERAPEUTI  1KA TH           124.1       (83.0)      53.6
AKCEA THERAPEUTI  1KA QT           124.1       (83.0)      53.6
AMER RESTAUR-LP   ICTPU US          33.5        (4.0)      (6.2)
ASPEN TECHNOLOGY  AZPN US          247.9      (260.8)    (321.1)
ASPEN TECHNOLOGY  AST GR           247.9      (260.8)    (321.1)
ASPEN TECHNOLOGY  AST TH           247.9      (260.8)    (321.1)
ASPEN TECHNOLOGY  AZPNEUR EU       247.9      (260.8)    (321.1)
AUTOZONE INC      AZO US         9,028.3    (1,714.2)    (286.3)
AUTOZONE INC      AZ5 TH         9,028.3    (1,714.2)    (286.3)
AUTOZONE INC      AZ5 GR         9,028.3    (1,714.2)    (286.3)
AUTOZONE INC      AZOEUR EU      9,028.3    (1,714.2)    (286.3)
AUTOZONE INC      AZ5 QT         9,028.3    (1,714.2)    (286.3)
AVEO PHARMACEUTI  VPA GR            42.5       (19.3)      27.2
AVEO PHARMACEUTI  AVEO US           42.5       (19.3)      27.2
AVEO PHARMACEUTI  VPA TH            42.5       (19.3)      27.2
AVEO PHARMACEUTI  VPA QT            42.5       (19.3)      27.2
AVEO PHARMACEUTI  AVEOEUR EU        42.5       (19.3)      27.2
AVID TECHNOLOGY   AVID US          224.7      (274.8)     (85.5)
AXIM BIOTECHNOLO  AXIM US            4.4        (3.4)      (0.6)
BENEFITFOCUS INC  BNFT US          173.0       (35.1)       9.6
BENEFITFOCUS INC  BTF GR           173.0       (35.1)       9.6
BLUE BIRD CORP    BLBD US          366.8       (59.6)      32.8
BLUE RIDGE MOUNT  BRMR US        1,060.2      (212.5)     (62.4)
BOEING CO-BDR     BOEI34 BZ     90,036.0    (1,978.0)   9,922.0
BOEING CO-CED     BA AR         90,036.0    (1,978.0)   9,922.0
BOEING CO/THE     BA EU         90,036.0    (1,978.0)   9,922.0
BOEING CO/THE     BCO GR        90,036.0    (1,978.0)   9,922.0
BOEING CO/THE     BAEUR EU      90,036.0    (1,978.0)   9,922.0
BOEING CO/THE     BA TE         90,036.0    (1,978.0)   9,922.0
BOEING CO/THE     BA* MM        90,036.0    (1,978.0)   9,922.0
BOEING CO/THE     BA SW         90,036.0    (1,978.0)   9,922.0
BOEING CO/THE     BACHF EU      90,036.0    (1,978.0)   9,922.0
BOEING CO/THE     BOEI NA       90,036.0    (1,978.0)   9,922.0
BOEING CO/THE     BA US         90,036.0    (1,978.0)   9,922.0
BOEING CO/THE     BCO TH        90,036.0    (1,978.0)   9,922.0
BOEING CO/THE     BA CI         90,036.0    (1,978.0)   9,922.0
BOEING CO/THE     BCO QT        90,036.0    (1,978.0)   9,922.0
BOEING CO/THE     BAUSD SW      90,036.0    (1,978.0)   9,922.0
BOEING CO/THE     BA AV         90,036.0    (1,978.0)   9,922.0
BOMBARDIER INC-B  BBDBN MM      23,395.0    (3,825.0)     576.0
BOMBARDIER-B OLD  BBDYB BB      23,395.0    (3,825.0)     576.0
BOMBARDIER-B W/I  BBD/W CN      23,395.0    (3,825.0)     576.0
BRINKER INTL      EAT US         1,413.7      (493.7)    (292.0)
BRINKER INTL      BKJ GR         1,413.7      (493.7)    (292.0)
BRINKER INTL      EAT2EUR EU     1,413.7      (493.7)    (292.0)
BROOKFIELD REAL   BRE CN            97.0       (32.9)       3.2
BRP INC/CA-SUB V  DOO CN         2,252.0       (93.4)     (42.8)
BRP INC/CA-SUB V  B15A GR        2,252.0       (93.4)     (42.8)
BRP INC/CA-SUB V  BRPIF US       2,252.0       (93.4)     (42.8)
BUFFALO COAL COR  BUC SJ            50.2       (21.9)     (22.2)
BURLINGTON STORE  BURL US        2,611.8       (95.9)      25.2
BURLINGTON STORE  BUI GR         2,611.8       (95.9)      25.2
BURLINGTON STORE  BURL* MM       2,611.8       (95.9)      25.2
CADIZ INC         CDZI US           72.2       (70.7)      12.2
CADIZ INC         2ZC GR            72.2       (70.7)      12.2
CAESARS ENTERTAI  CZR US        14,793.0    (3,357.0)  (4,630.0)
CAESARS ENTERTAI  C08 GR        14,793.0    (3,357.0)  (4,630.0)
CAESARS ENTERTAI  CZREUR EU     14,793.0    (3,357.0)  (4,630.0)
CALIFORNIA RESOU  CRC US         6,154.0      (491.0)    (220.0)
CALIFORNIA RESOU  1CLB GR        6,154.0      (491.0)    (220.0)
CALIFORNIA RESOU  CRCEUR EU      6,154.0      (491.0)    (220.0)
CALIFORNIA RESOU  1CL TH         6,154.0      (491.0)    (220.0)
CALIFORNIA RESOU  1CLB QT        6,154.0      (491.0)    (220.0)
CAMBIUM LEARNING  ABCD US          126.5       (52.1)     (63.7)
CASELLA WASTE     WA3 GR           588.9       (74.6)       4.6
CASELLA WASTE     CWST US          588.9       (74.6)       4.6
CASELLA WASTE     WA3 TH           588.9       (74.6)       4.6
CASELLA WASTE     CWSTEUR EU       588.9       (74.6)       4.6
CDK GLOBAL INC    CDK US         2,883.1       (56.8)     726.2
CDK GLOBAL INC    C2G TH         2,883.1       (56.8)     726.2
CDK GLOBAL INC    CDKEUR EU      2,883.1       (56.8)     726.2
CDK GLOBAL INC    C2G GR         2,883.1       (56.8)     726.2
CDK GLOBAL INC    C2G QT         2,883.1       (56.8)     726.2
CEDAR FAIR LP     FUN US         2,109.5       (60.6)     (92.5)
CEDAR FAIR LP     7CF GR         2,109.5       (60.6)     (92.5)
CHESAPEAKE ENERG  CHK US        11,920.0      (684.0)    (911.0)
CHESAPEAKE ENERG  CS1 GR        11,920.0      (684.0)    (911.0)
CHESAPEAKE ENERG  CHK* MM       11,920.0      (684.0)    (911.0)
CHESAPEAKE ENERG  CS1 QT        11,920.0      (684.0)    (911.0)
CHESAPEAKE ENERG  CHKEUR EU     11,920.0      (684.0)    (911.0)
CHOICE HOTELS     CZH GR           948.0      (252.6)     103.9
CHOICE HOTELS     CHH US           948.0      (252.6)     103.9
CINCINNATI BELL   CBB US         1,481.7      (124.0)      11.4
CINCINNATI BELL   CIB1 GR        1,481.7      (124.0)      11.4
CINCINNATI BELL   CBBEUR EU      1,481.7      (124.0)      11.4
CLEAR CHANNEL-A   C7C GR         5,416.6    (1,216.5)     327.9
CLEAR CHANNEL-A   CCO US         5,416.6    (1,216.5)     327.9
CLEMENTIA PHARMA  CMTA US           40.0      (212.6)      32.1
CLEVELAND-CLIFFS  CVA GR         2,030.1      (666.7)     495.0
CLEVELAND-CLIFFS  CVA TH         2,030.1      (666.7)     495.0
CLEVELAND-CLIFFS  CLF US         2,030.1      (666.7)     495.0
CLEVELAND-CLIFFS  CLF* MM        2,030.1      (666.7)     495.0
CLEVELAND-CLIFFS  CLF2EUR EU     2,030.1      (666.7)     495.0
COGENT COMMUNICA  CCOI US          732.4       (71.2)     240.8
COGENT COMMUNICA  OGM1 GR          732.4       (71.2)     240.8
DELEK LOGISTICS   DKL US           415.5       (21.1)      14.0
DELEK LOGISTICS   D6L GR           415.5       (21.1)      14.0
DENNY'S CORP      DE8 GR           306.9       (79.9)     (53.3)
DENNY'S CORP      DENN US          306.9       (79.9)     (53.3)
DOLLARAMA INC     DOL CN         1,891.4       (59.4)     291.2
DOLLARAMA INC     DLMAF US       1,891.4       (59.4)     291.2
DOLLARAMA INC     DR3 GR         1,891.4       (59.4)     291.2
DOLLARAMA INC     DOLEUR EU      1,891.4       (59.4)     291.2
DOLLARAMA INC     DR3 TH         1,891.4       (59.4)     291.2
DOMINO'S PIZZA    EZV TH           781.8    (1,803.1)     209.4
DOMINO'S PIZZA    EZV GR           781.8    (1,803.1)     209.4
DOMINO'S PIZZA    DPZ US           781.8    (1,803.1)     209.4
DOMINO'S PIZZA    EZV QT           781.8    (1,803.1)     209.4
DOVA PHARMACEUTI  DOVA US           26.4        (3.5)      (5.1)
DOVA PHARMACEUTI  0AV GR            26.4        (3.5)      (5.1)
DOVA PHARMACEUTI  DOVAEUR EU        26.4        (3.5)      (5.1)
DUN & BRADSTREET  DB5 GR         2,253.7      (913.3)     (96.4)
DUN & BRADSTREET  DB5 TH         2,253.7      (913.3)     (96.4)
DUN & BRADSTREET  DNB US         2,253.7      (913.3)     (96.4)
DUN & BRADSTREET  DNB1EUR EU     2,253.7      (913.3)     (96.4)
DUNKIN' BRANDS G  2DB GR         3,147.9      (185.4)     147.6
DUNKIN' BRANDS G  DNKN US        3,147.9      (185.4)     147.6
DUNKIN' BRANDS G  2DB TH         3,147.9      (185.4)     147.6
DUNKIN' BRANDS G  DNKNEUR EU     3,147.9      (185.4)     147.6
ERIN ENERGY CORP  ERN US           190.9      (349.2)    (280.7)
ERIN ENERGY CORP  ERN SJ           190.9      (349.2)    (280.7)
EVERI HOLDINGS I  EVRI US        1,337.4      (123.9)      16.4
EVERI HOLDINGS I  G2C TH         1,337.4      (123.9)      16.4
EVERI HOLDINGS I  G2C GR         1,337.4      (123.9)      16.4
EVERI HOLDINGS I  EVRIEUR EU     1,337.4      (123.9)      16.4
FERRELLGAS-LP     FEG GR         1,679.3      (703.5)     (26.2)
FERRELLGAS-LP     FGP US         1,679.3      (703.5)     (26.2)
FIFTH STREET ASS  FSAM US          189.2        (8.9)       -
FIFTH STREET ASS  7FS TH           189.2        (8.9)       -
GAMCO INVESTO-A   GBL US           190.9      (121.0)       -
GCP APPLIED TECH  GCP US         1,252.0      (134.3)     177.5
GCP APPLIED TECH  43G GR         1,252.0      (134.3)     177.5
GCP APPLIED TECH  GCPEUR EU      1,252.0      (134.3)     177.5
GNC HOLDINGS INC  IGN GR         2,011.1       (51.2)     535.6
GNC HOLDINGS INC  GNC US         2,011.1       (51.2)     535.6
GNC HOLDINGS INC  IGN TH         2,011.1       (51.2)     535.6
GNC HOLDINGS INC  GNC1EUR EU     2,011.1       (51.2)     535.6
GOGO INC          GOGO US        1,277.3      (116.5)     271.3
GOGO INC          G0G GR         1,277.3      (116.5)     271.3
GOGO INC          G0G QT         1,277.3      (116.5)     271.3
GREEN PLAINS PAR  GPP US            90.6       (64.2)       4.6
GREEN PLAINS PAR  8GP GR            90.6       (64.2)       4.6
H&R BLOCK INC     HRB US         2,132.2      (214.3)     271.4
H&R BLOCK INC     HRB GR         2,132.2      (214.3)     271.4
H&R BLOCK INC     HRB TH         2,132.2      (214.3)     271.4
H&R BLOCK INC     HRBEUR EU      2,132.2      (214.3)     271.4
HCA HEALTHCARE I  2BH GR        34,566.0    (5,079.0)   3,566.0
HCA HEALTHCARE I  HCA US        34,566.0    (5,079.0)   3,566.0
HCA HEALTHCARE I  2BH TH        34,566.0    (5,079.0)   3,566.0
HCA HEALTHCARE I  2BH QT        34,566.0    (5,079.0)   3,566.0
HCA HEALTHCARE I  HCAEUR EU     34,566.0    (5,079.0)   3,566.0
HORTONWORKS INC   HDP US           213.3       (43.3)     (35.6)
HORTONWORKS INC   14K GR           213.3       (43.3)     (35.6)
HORTONWORKS INC   14K QT           213.3       (43.3)     (35.6)
HORTONWORKS INC   HDPEUR EU        213.3       (43.3)     (35.6)
HOVNANIAN-A-WI    HOV-W US       1,822.3      (471.2)   1,077.8
HP COMPANY-BDR    HPQB34 BZ     31,934.0    (4,339.0)    (617.0)
HP INC            HPQ* MM       31,934.0    (4,339.0)    (617.0)
HP INC            HPQ US        31,934.0    (4,339.0)    (617.0)
HP INC            7HP TH        31,934.0    (4,339.0)    (617.0)
HP INC            7HP GR        31,934.0    (4,339.0)    (617.0)
HP INC            HPQ TE        31,934.0    (4,339.0)    (617.0)
HP INC            HPQ CI        31,934.0    (4,339.0)    (617.0)
HP INC            HPQ SW        31,934.0    (4,339.0)    (617.0)
HP INC            HWP QT        31,934.0    (4,339.0)    (617.0)
HP INC            HPQCHF EU     31,934.0    (4,339.0)    (617.0)
HP INC            HPQUSD EU     31,934.0    (4,339.0)    (617.0)
HP INC            HPQUSD SW     31,934.0    (4,339.0)    (617.0)
HP INC            HPQEUR EU     31,934.0    (4,339.0)    (617.0)
IDEXX LABS        IDXX US        1,637.1       (86.1)     (82.8)
IDEXX LABS        IX1 GR         1,637.1       (86.1)     (82.8)
IDEXX LABS        IX1 TH         1,637.1       (86.1)     (82.8)
IDEXX LABS        IX1 QT         1,637.1       (86.1)     (82.8)
IDEXX LABS        IDXX AV        1,637.1       (86.1)     (82.8)
IMMUNOGEN INC     IMU GR           181.4      (173.2)      94.1
IMMUNOGEN INC     IMGN US          181.4      (173.2)      94.1
IMMUNOGEN INC     IMU TH           181.4      (173.2)      94.1
IMMUNOGEN INC     IMU QT           181.4      (173.2)      94.1
IMMUNOGEN INC     IMGNEUR EU       181.4      (173.2)      94.1
IMMUNOMEDICS INC  IMMU US          162.6       (59.5)      35.1
IMMUNOMEDICS INC  IM3 GR           162.6       (59.5)      35.1
IMMUNOMEDICS INC  IM3 TH           162.6       (59.5)      35.1
IMMUNOMEDICS INC  IM3 QT           162.6       (59.5)      35.1
INNOVIVA INC      INVA US          372.0      (296.7)     171.0
INNOVIVA INC      HVE GR           372.0      (296.7)     171.0
INNOVIVA INC      INVAEUR EU       372.0      (296.7)     171.0
INSPIRED ENTERTA  INSE US          213.4        (2.1)      (1.4)
INSTRUCTURE INC   INST US          130.1        (4.1)     (14.7)
INSTRUCTURE INC   1IN GR           130.1        (4.1)     (14.7)
JACK IN THE BOX   JBX GR         1,255.2      (439.0)     (83.8)
JACK IN THE BOX   JACK US        1,255.2      (439.0)     (83.8)
JACK IN THE BOX   JACK1EUR EU    1,255.2      (439.0)     (83.8)
JACK IN THE BOX   JBX QT         1,255.2      (439.0)     (83.8)
JAMIESON WELLNES  JWEL CN          505.1      (180.5)    (286.4)
JAMIESON WELLNES  2JW GR           505.1      (180.5)    (286.4)
JAMIESON WELLNES  JWELEUR EU       505.1      (180.5)    (286.4)
JUST ENERGY GROU  JE US          1,271.0       (69.8)     114.4
JUST ENERGY GROU  1JE GR         1,271.0       (69.8)     114.4
JUST ENERGY GROU  JE CN          1,271.0       (69.8)     114.4
L BRANDS INC      LTD GR         7,763.0      (912.0)   1,199.0
L BRANDS INC      LTD TH         7,763.0      (912.0)   1,199.0
L BRANDS INC      LB US          7,763.0      (912.0)   1,199.0
L BRANDS INC      LBEUR EU       7,763.0      (912.0)   1,199.0
L BRANDS INC      LB* MM         7,763.0      (912.0)   1,199.0
L BRANDS INC      LTD QT         7,763.0      (912.0)   1,199.0
LAMB WESTON       LW US          2,485.6      (596.5)     302.8
LAMB WESTON       0L5 GR         2,485.6      (596.5)     302.8
LAMB WESTON       LW-WEUR EU     2,485.6      (596.5)     302.8
LAMB WESTON       0L5 TH         2,485.6      (596.5)     302.8
LANTHEUS HOLDING  LNTH US          267.9       (87.2)      82.6
LANTHEUS HOLDING  0L8 GR           267.9       (87.2)      82.6
LOTON CORP        1536387D US        5.2        (0.8)      (4.0)
MADISON-A/NEW-WI  MSGN-W US        805.0      (944.2)     168.9
MANNKIND CORP     MNKD IT           79.4      (221.2)     (34.9)
MCDONALDS - BDR   MCDC34 BZ     32,785.2    (2,000.6)   3,149.2
MCDONALDS CORP    MDO TH        32,785.2    (2,000.6)   3,149.2
MCDONALDS CORP    MCD TE        32,785.2    (2,000.6)   3,149.2
MCDONALDS CORP    MDO GR        32,785.2    (2,000.6)   3,149.2
MCDONALDS CORP    MCD* MM       32,785.2    (2,000.6)   3,149.2
MCDONALDS CORP    MCD US        32,785.2    (2,000.6)   3,149.2
MCDONALDS CORP    MCD SW        32,785.2    (2,000.6)   3,149.2
MCDONALDS CORP    MCD CI        32,785.2    (2,000.6)   3,149.2
MCDONALDS CORP    MDO QT        32,785.2    (2,000.6)   3,149.2
MCDONALDS CORP    MCDCHF EU     32,785.2    (2,000.6)   3,149.2
MCDONALDS CORP    MCDUSD EU     32,785.2    (2,000.6)   3,149.2
MCDONALDS CORP    MCDUSD SW     32,785.2    (2,000.6)   3,149.2
MCDONALDS CORP    MCDEUR EU     32,785.2    (2,000.6)   3,149.2
MCDONALDS CORP    MCD AV        32,785.2    (2,000.6)   3,149.2
MCDONALDS-CEDEAR  MCD AR        32,785.2    (2,000.6)   3,149.2
MDC COMM-W/I      MDZ/W CN       1,650.3      (336.1)    (263.7)
MDC PARTNERS-A    MDZ/A CN       1,650.3      (336.1)    (263.7)
MDC PARTNERS-A    MDCA US        1,650.3      (336.1)    (263.7)
MDC PARTNERS-A    MD7A GR        1,650.3      (336.1)    (263.7)
MDC PARTNERS-A    MDCAEUR EU     1,650.3      (336.1)    (263.7)
MDC PARTNERS-EXC  MDZ/N CN       1,650.3      (336.1)    (263.7)
MEDLEY MANAGE-A   MDLY US          144.5        (4.5)      41.0
MERITOR INC       AID1 GR        2,712.0       (44.0)     117.0
MERITOR INC       MTOR US        2,712.0       (44.0)     117.0
MERITOR INC       AID1 QT        2,712.0       (44.0)     117.0
MERITOR INC       MTOREUR EU     2,712.0       (44.0)     117.0
MICHAELS COS INC  MIK US         2,060.0    (1,768.0)     445.6
MICHAELS COS INC  MIM GR         2,060.0    (1,768.0)     445.6
MIRAGEN THERAPEU  MGEN US           50.0        41.3       42.7
MIRAGEN THERAPEU  1S1 GR            50.0        41.3       42.7
MIRAGEN THERAPEU  SGNLEUR EU        50.0        41.3       42.7
MONEYGRAM INTERN  MGI US         4,410.4      (192.2)     (79.8)
MONEYGRAM INTERN  9M1N GR        4,410.4      (192.2)     (79.8)
MONEYGRAM INTERN  MGIEUR EU      4,410.4      (192.2)     (79.8)
MOODY'S CORP      DUT GR         6,536.3      (467.5)   3,321.9
MOODY'S CORP      MCO US         6,536.3      (467.5)   3,321.9
MOODY'S CORP      DUT TH         6,536.3      (467.5)   3,321.9
MOODY'S CORP      MCOEUR EU      6,536.3      (467.5)   3,321.9
MOODY'S CORP      DUT QT         6,536.3      (467.5)   3,321.9
MOODY'S CORP      MCO* MM        6,536.3      (467.5)   3,321.9
MOTOROLA SOLUTIO  MTLA GR        8,295.0      (976.0)     801.0
MOTOROLA SOLUTIO  MTLA TH        8,295.0      (976.0)     801.0
MOTOROLA SOLUTIO  MSI US         8,295.0      (976.0)     801.0
MOTOROLA SOLUTIO  MOT TE         8,295.0      (976.0)     801.0
MOTOROLA SOLUTIO  MTLA QT        8,295.0      (976.0)     801.0
MOTOROLA SOLUTIO  MSI1EUR EU     8,295.0      (976.0)     801.0
MSG NETWORKS- A   MSGN US          805.0      (944.2)     168.9
MSG NETWORKS- A   1M4 GR           805.0      (944.2)     168.9
MSG NETWORKS- A   1M4 TH           805.0      (944.2)     168.9
MSG NETWORKS- A   MSGNEUR EU       805.0      (944.2)     168.9
NATHANS FAMOUS    NATH US           86.6       (63.6)      60.1
NATHANS FAMOUS    NFA GR            86.6       (63.6)      60.1
NATIONAL CINEMED  XWM GR         1,121.7       (68.3)      70.6
NATIONAL CINEMED  NCMI US        1,121.7       (68.3)      70.6
NATIONAL CINEMED  NCMIEUR EU     1,121.7       (68.3)      70.6
NAVISTAR INTL     IHR GR         6,080.0    (4,923.0)     767.0
NAVISTAR INTL     NAV US         6,080.0    (4,923.0)     767.0
NAVISTAR INTL     IHR TH         6,080.0    (4,923.0)     767.0
NEFF CORP-CL A    NEFF US          666.9      (112.0)       8.9
NEFF CORP-CL A    NFO GR           666.9      (112.0)       8.9
NEW ENG RLTY-LP   NEN US           191.0       (32.1)       -
NYMOX PHARMACEUT  NYMX US            1.3        (0.7)      (0.7)
NYMOX PHARMACEUT  NYM GR             1.3        (0.7)      (0.7)
OMEROS CORP       3O8 GR            60.4       (54.9)      28.3
OMEROS CORP       OMER US           60.4       (54.9)      28.3
OMEROS CORP       3O8 TH            60.4       (54.9)      28.3
OMEROS CORP       OMEREUR EU        60.4       (54.9)      28.3
ONCOMED PHARMACE  OMED US          139.3       (53.8)      95.1
PENN NATL GAMING  PN1 GR         4,984.0      (517.5)    (127.0)
PENN NATL GAMING  PENN US        4,984.0      (517.5)    (127.0)
PENSARE ACQUISIT  WRLS US            0.3        (0.1)      (0.0)
PENSARE ACQUISIT  WRLSU US           0.3        (0.1)      (0.0)
PHILIP MORRIS IN  PM1EUR EU     38,660.0   (10,277.0)   1,189.0
PHILIP MORRIS IN  PMI SW        38,660.0   (10,277.0)   1,189.0
PHILIP MORRIS IN  PM1 TE        38,660.0   (10,277.0)   1,189.0
PHILIP MORRIS IN  4I1 TH        38,660.0   (10,277.0)   1,189.0
PHILIP MORRIS IN  PM1CHF EU     38,660.0   (10,277.0)   1,189.0
PHILIP MORRIS IN  4I1 GR        38,660.0   (10,277.0)   1,189.0
PHILIP MORRIS IN  PM US         38,660.0   (10,277.0)   1,189.0
PHILIP MORRIS IN  PM FP         38,660.0   (10,277.0)   1,189.0
PHILIP MORRIS IN  PMI1 IX       38,660.0   (10,277.0)   1,189.0
PHILIP MORRIS IN  PMI EB        38,660.0   (10,277.0)   1,189.0
PHILIP MORRIS IN  4I1 QT        38,660.0   (10,277.0)   1,189.0
PINNACLE ENTERTA  PNK US         3,982.2      (339.7)     (62.5)
PINNACLE ENTERTA  65P GR         3,982.2      (339.7)     (62.5)
PLANET FITNESS-A  PLNT US        1,354.6      (156.8)      26.5
PLANET FITNESS-A  3PL TH         1,354.6      (156.8)      26.5
PLANET FITNESS-A  3PL GR         1,354.6      (156.8)      26.5
PLANET FITNESS-A  3PL QT         1,354.6      (156.8)      26.5
PLANET FITNESS-A  PLNT1EUR EU    1,354.6      (156.8)      26.5
PROS HOLDINGS IN  PH2 GR           298.0       (20.5)     147.4
PROS HOLDINGS IN  PRO US           298.0       (20.5)     147.4
QUANTUM CORP      QNT2 GR          213.0      (118.0)     (51.3)
QUANTUM CORP      QNT1 TH          213.0      (118.0)     (51.3)
QUANTUM CORP      QTM US           213.0      (118.0)     (51.3)
QUANTUM CORP      QTM1EUR EU       213.0      (118.0)     (51.3)
REATA PHARMACE-A  RETA US           71.3      (230.3)      17.5
REATA PHARMACE-A  2R3 GR            71.3      (230.3)      17.5
REATA PHARMACE-A  RETAEUR EU        71.3      (230.3)      17.5
REGAL ENTERTAI-A  RGC US         2,748.4      (835.0)     (48.2)
REGAL ENTERTAI-A  RETA GR        2,748.4      (835.0)     (48.2)
REGAL ENTERTAI-A  RGC* MM        2,748.4      (835.0)     (48.2)
REGAL ENTERTAI-A  RGCEUR EU      2,748.4      (835.0)     (48.2)
RENOVACARE INC    RCAR US            0.6        (0.2)      (0.3)
RESOLUTE ENERGY   R21 GR           728.5       (62.2)     (65.8)
RESOLUTE ENERGY   REN US           728.5       (62.2)     (65.8)
RESOLUTE ENERGY   RENEUR EU        728.5       (62.2)     (65.8)
REVLON INC-A      REV US         3,062.0      (672.4)     296.4
REVLON INC-A      RVL1 GR        3,062.0      (672.4)     296.4
REVLON INC-A      RVL1 TH        3,062.0      (672.4)     296.4
REVLON INC-A      REVEUR EU      3,062.0      (672.4)     296.4
RH                RH US          1,819.4       (46.8)     246.4
RH                RS1 GR         1,819.4       (46.8)     246.4
RH                RH* MM         1,819.4       (46.8)     246.4
RH                RHEUR EU       1,819.4       (46.8)     246.4
ROSETTA STONE IN  RST US           178.9        (0.1)     (55.9)
ROSETTA STONE IN  RS8 GR           178.9        (0.1)     (55.9)
ROSETTA STONE IN  RST1EUR EU       178.9        (0.1)     (55.9)
RR DONNELLEY & S  DLLN GR        3,831.8      (161.5)     722.1
RR DONNELLEY & S  RRD US         3,831.8      (161.5)     722.1
RR DONNELLEY & S  DLLN TH        3,831.8      (161.5)     722.1
RR DONNELLEY & S  RRDEUR EU      3,831.8      (161.5)     722.1
RYERSON HOLDING   RYI US         1,787.8       (22.6)     730.1
RYERSON HOLDING   7RY GR         1,787.8       (22.6)     730.1
RYERSON HOLDING   7RY TH         1,787.8       (22.6)     730.1
SALLY BEAUTY HOL  SBH US         2,120.5      (352.3)     638.2
SALLY BEAUTY HOL  S7V GR         2,120.5      (352.3)     638.2
SANCHEZ ENERGY C  SN US          2,218.1       (38.1)      (0.0)
SANCHEZ ENERGY C  SN* MM         2,218.1       (38.1)      (0.0)
SANCHEZ ENERGY C  13S GR         2,218.1       (38.1)      (0.0)
SANCHEZ ENERGY C  13S TH         2,218.1       (38.1)      (0.0)
SANCHEZ ENERGY C  SNEUR EU       2,218.1       (38.1)      (0.0)
SBA COMM CORP     4SB GR         7,308.9    (1,985.7)    (710.0)
SBA COMM CORP     SBAC US        7,308.9    (1,985.7)    (710.0)
SBA COMM CORP     SBJ TH         7,308.9    (1,985.7)    (710.0)
SBA COMM CORP     SBACEUR EU     7,308.9    (1,985.7)    (710.0)
SCIENTIFIC GAM-A  TJW GR         7,066.0    (1,998.1)     510.2
SCIENTIFIC GAM-A  SGMS US        7,066.0    (1,998.1)     510.2
SEARS HOLDINGS    SEE GR         8,351.0    (3,651.0)    (397.0)
SEARS HOLDINGS    SEE TH         8,351.0    (3,651.0)    (397.0)
SEARS HOLDINGS    SHLD US        8,351.0    (3,651.0)    (397.0)
SEARS HOLDINGS    SEE QT         8,351.0    (3,651.0)    (397.0)
SEARS HOLDINGS    SHLDEUR EU     8,351.0    (3,651.0)    (397.0)
SHELL MIDSTREAM   SHLX US        1,098.7      (252.5)     131.7
SHELL MIDSTREAM   49M GR         1,098.7      (252.5)     131.7
SHELL MIDSTREAM   49M TH         1,098.7      (252.5)     131.7
SIGA TECH INC     SIGA US          156.0      (303.4)      45.3
SILVER SPRING NE  SSNI US          295.6       (20.3)      49.5
SILVER SPRING NE  9SI GR           295.6       (20.3)      49.5
SILVER SPRING NE  9SI TH           295.6       (20.3)      49.5
SILVER SPRING NE  9SI QT           295.6       (20.3)      49.5
SILVER SPRING NE  SSNIEUR EU       295.6       (20.3)      49.5
SIRIUS XM HOLDIN  SIRI US        8,347.7    (1,041.7)  (2,148.9)
SIRIUS XM HOLDIN  RDO TH         8,347.7    (1,041.7)  (2,148.9)
SIRIUS XM HOLDIN  RDO GR         8,347.7    (1,041.7)  (2,148.9)
SIRIUS XM HOLDIN  SIRIEUR EU     8,347.7    (1,041.7)  (2,148.9)
SIRIUS XM HOLDIN  SIRI AV        8,347.7    (1,041.7)  (2,148.9)
SIX FLAGS ENTERT  SIX US         2,543.7       (49.4)    (150.5)
SIX FLAGS ENTERT  6FE GR         2,543.7       (49.4)    (150.5)
SONIC CORP        SONC US          563.8      (173.1)      60.4
SONIC CORP        SO4 GR           563.8      (173.1)      60.4
SONIC CORP        SONCEUR EU       563.8      (173.1)      60.4
SONIC CORP        SO4 TH           563.8      (173.1)      60.4
STRAIGHT PATH-B   STRP US           20.9       (10.2)      (7.4)
STRAIGHT PATH-B   5I0 GR            20.9       (10.2)      (7.4)
SYNTEL INC        SYNT US          434.1       (97.3)     122.8
SYNTEL INC        SYE GR           434.1       (97.3)     122.8
SYNTEL INC        SYE TH           434.1       (97.3)     122.8
SYNTEL INC        SYNT1EUR EU      434.1       (97.3)     122.8
SYNTEL INC        SYE QT           434.1       (97.3)     122.8
SYNTEL INC        SYNT* MM         434.1       (97.3)     122.8
TAILORED BRANDS   TLRD US        2,079.7       (46.7)     753.0
TAILORED BRANDS   WRMA GR        2,079.7       (46.7)     753.0
TAILORED BRANDS   TLRD* MM       2,079.7       (46.7)     753.0
TAUBMAN CENTERS   TU8 GR         4,061.7      (111.7)       -
TAUBMAN CENTERS   TCO US         4,061.7      (111.7)       -
TOWN SPORTS INTE  CLUB US          236.6       (87.0)       4.6
TRANSDIGM GROUP   T7D GR        10,316.4    (1,895.4)   1,656.3
TRANSDIGM GROUP   TDG US        10,316.4    (1,895.4)   1,656.3
TRANSDIGM GROUP   TDG SW        10,316.4    (1,895.4)   1,656.3
TRANSDIGM GROUP   TDGCHF EU     10,316.4    (1,895.4)   1,656.3
TRANSDIGM GROUP   T7D QT        10,316.4    (1,895.4)   1,656.3
TRANSDIGM GROUP   TDGEUR EU     10,316.4    (1,895.4)   1,656.3
ULTRA PETROLEUM   UPL US         1,762.0      (940.1)     176.1
ULTRA PETROLEUM   UPL1EUR EU     1,762.0      (940.1)     176.1
ULTRA PETROLEUM   UPM1 GR        1,762.0      (940.1)     176.1
UNISYS CORP       UISCHF EU      2,318.9    (1,630.1)     426.5
UNISYS CORP       UISEUR EU      2,318.9    (1,630.1)     426.5
UNISYS CORP       UIS US         2,318.9    (1,630.1)     426.5
UNISYS CORP       UIS1 SW        2,318.9    (1,630.1)     426.5
UNISYS CORP       USY1 TH        2,318.9    (1,630.1)     426.5
UNISYS CORP       USY1 GR        2,318.9    (1,630.1)     426.5
UNITI GROUP INC   UNIT US        4,161.2    (1,059.0)       -
UNITI GROUP INC   8XC GR         4,161.2    (1,059.0)       -
VALVOLINE INC     VVV US         1,960.0      (203.0)     227.0
VALVOLINE INC     0V4 GR         1,960.0      (203.0)     227.0
VALVOLINE INC     VVVEUR EU      1,960.0      (203.0)     227.0
VECTOR GROUP LTD  VGR GR         1,420.3      (284.5)     475.4
VECTOR GROUP LTD  VGR US         1,420.3      (284.5)     475.4
VECTOR GROUP LTD  VGR QT         1,420.3      (284.5)     475.4
VERISIGN INC      VRS TH         2,344.3    (1,203.2)     321.0
VERISIGN INC      VRS GR         2,344.3    (1,203.2)     321.0
VERISIGN INC      VRSN US        2,344.3    (1,203.2)     321.0
VERISIGN INC      VRSNEUR EU     2,344.3    (1,203.2)     321.0
VERSUM MATER      VSM US         1,181.8        (9.7)     438.2
VERSUM MATER      2V1 GR         1,181.8        (9.7)     438.2
VERSUM MATER      VSMEUR EU      1,181.8        (9.7)     438.2
VERSUM MATER      2V1 TH         1,181.8        (9.7)     438.2
VIEWRAY INC       VRAY US          105.6       (17.0)      39.2
VIEWRAY INC       6L9 GR           105.6       (17.0)      39.2
VIEWRAY INC       VRAYEUR EU       105.6       (17.0)      39.2
WEIGHT WATCHERS   WTW US         1,247.3    (1,138.7)     (58.0)
WEIGHT WATCHERS   WW6 GR         1,247.3    (1,138.7)     (58.0)
WEIGHT WATCHERS   WW6 TH         1,247.3    (1,138.7)     (58.0)
WEIGHT WATCHERS   WTWEUR EU      1,247.3    (1,138.7)     (58.0)
WEST CORP         WSTC US        3,480.9      (324.5)     248.5
WEST CORP         WT2 GR         3,480.9      (324.5)     248.5
WIDEOPENWEST INC  WOW US         3,038.4      (291.2)     (28.9)
WIDEOPENWEST INC  WU5 GR         3,038.4      (291.2)     (28.9)
WIDEOPENWEST INC  WOW1EUR EU     3,038.4      (291.2)     (28.9)
WINGSTOP INC      WING US          114.6       (61.2)      (1.7)
WINGSTOP INC      EWG GR           114.6       (61.2)      (1.7)
WORKIVA INC       WK US            154.2        (6.1)      (2.0)
WORKIVA INC       0WKA GR          154.2        (6.1)      (2.0)
WORKIVA INC       WKEUR EU         154.2        (6.1)      (2.0)
YRC WORLDWIDE IN  YRCW US        1,759.1      (410.5)     292.9
YRC WORLDWIDE IN  YEL1 GR        1,759.1      (410.5)     292.9
YRC WORLDWIDE IN  YEL1 TH        1,759.1      (410.5)     292.9
YRC WORLDWIDE IN  YRCWEUR EU     1,759.1      (410.5)     292.9
YUM! BRANDS INC   YUM US         5,596.0    (6,102.0)     307.0
YUM! BRANDS INC   TGR GR         5,596.0    (6,102.0)     307.0
YUM! BRANDS INC   TGR TH         5,596.0    (6,102.0)     307.0
YUM! BRANDS INC   YUMEUR EU      5,596.0    (6,102.0)     307.0
YUM! BRANDS INC   TGR QT         5,596.0    (6,102.0)     307.0
YUM! BRANDS INC   YUMCHF EU      5,596.0    (6,102.0)     307.0
YUM! BRANDS INC   YUM SW         5,596.0    (6,102.0)     307.0
YUM! BRANDS INC   YUMUSD SW      5,596.0    (6,102.0)     307.0
YUM! BRANDS INC   YUMUSD EU      5,596.0    (6,102.0)     307.0


                            *********

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 ***