TCR_Public/170915.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Friday, September 15, 2017, Vol. 21, No. 257

                            Headlines

1776 AMERICAN: Sale of Houston Property for $495K Approved
315 FRANKLIN: Case Summary & 20 Largest Unsecured Creditors
ABENGOA KANSAS: Committee Taps Affinity Law Group as Local Counsel
ADEPTUS HEALTH: U.S. Trustee Balks at Plan Release Provisions
AEMETIS INC: Incurs $5.98 Million Net Loss in Second Quarter

AHI LIQUIDATING: Unsecureds to Recoup 1.27% Under Liquidation Plan
ALASKA DISPATCH: Sale of All Newspaper Assets for $1M Approved
ALEXANDER BROWN: Sale of Dorchester Property for $510K Withdrawn
ALLIANT HOLDINGS: Moody's Keeps B3 CFR After Add'l. $150MM Notes
ALLIANT HOLDINGS: S&P Affirms 'B' CCR Amid Incremental Debt

AMIGO PAT TEXAS: Has Until Sept. 29 to Exclusively File Plan
ANDERSON SHUMAKER: Taps Fort Dearborn as Financial Advisor
ANDREW LANTZMAN: Sale of Pittsburgh Property for $605K Withdrawn
ASPEN COURT: May Use Cash Collateral Through Oct. 31
ASPEN RIDGE PREP SCHOOL: S&P Cuts 2015A-B Bonds Rating to 'BB'

ASSUREDPARTNERS INC: Moody's Rates $1.3BB Sr. Secured Term Loan B2
ATM MIRROR: Taps Steinvurzel & Levy as Special Litigation Counsel
AVALON CARE: Taps Cohne Kinghorn as Legal Counsel
AVAYA INC: Amended Plan Confirmation Hearing Set for November 15
BALLANTRAE LLC: ABL Secured Claim to be Paid Over 30 Years

BCP RENAISSANCE: Moody's Rates Proposed $1.2BB Secured Loan 'B1'
BLUE MOON HOTEL: Taps Gelman & Pelesh as Accountant
BNF REALTY BROOKLYN: Taps Brown Harris as Real Estate Broker
BOART LONGYEAR: S&P Raises CCR to 'CCC+', Outlook Negative
BOWMAN DAIRY: Seeks Authorization to Use Cash Collateral

BROOKWOOD ACADEMY: May Use Cash Collateral Until Sept. 20
BROWNIE TAXI: Wants to Use BLUSA's Cash Collateral
BURNINDAYLIGHT LLC: Case Summary & Unsecured Creditor
CALHOUN SATELLITE: CDS to Provide Payment Procedures
CASHMAN EQUIPMENT: Wants to Continue Use of Cash Collateral

CASHMAN EQUIPMENT: Wins Interim Approval to Use Cash Collateral
CAST & CREW: Moody's Hikes CFR to B2; Outlook Stable
CENTENE CORP: Moody's Affirms Ba2 Sr. Debt Rating Amid Fidelis Deal
CENTENE CORP: S&P Affirms 'BB+' Longterm ICR Amid Fidelis Deal
CHINA FISHERY: CFG Trustee Taps Epiq as Administrative Agent

COMPETITION ACCESSORIES: CA Buying All Assets for $1M Credit Bid
COMPETITION ACCESSORIES: Seeks Permission to Use Cash Collateral
CONCHO RESOURCES: Moody's Rates New 2027/2047 Unsec. Notes Ba1
DATASTARUSA INC: Can Use Cash Collateral on Interim Basis
DBSI INC: 9th Circuit Upheld Sentences for Swenson, et al.

DIFFUSION PHARMACEUTICALS: Reports $20.4-Mil. Net Income for Q2
EAGLE'S NEST: Business Income to Fund Reorganization Plan
ENGY GROUP: Taps BVA Group as Financial Advisor
ENGY GROUP: Taps Diamond McCarthy as Legal Counsel
FARMHAND SUPPLY: To Pay Rabo $25K in 4 Installments Under New Plan

FINJAN HOLDINGS: Incurs $6.75 Million Net Loss in Second Quarter
FLEXERA SOFTWARE: S&P Alters Outlook to Neg on Term Loan B Add-On
FREDERICKSBURG PARK: Court Stops Use of Cash Collateral
GCP APPLIED: S&P Alters Outlook to Pos. & Affirms 'BB-' CCR
GERARD BOEH: Wants to Continue Use of Huntington Cash Collateral

GOD'S UNIVERSAL: Latest Plan Proposes to Sell Property for $1.45MM
GORDMANS STORES: Debtor's Plan Set for Hearing on Oct. 19
GRAND DAKOTA: Wants to Use Cash Collateral of American Bank
GRANDPARENTS.COM INC: BJ Squared Objects to Plan Releases
GREEN FOREST: U.S. Trustee Unable to Appoint Committee

HAGGEN HOLDINGS: District Court Affirms Sale Order
HAHN HOTELS: May Use Cash Collateral Through Dec. 2
HARRINGTON & KING: Granted Approval for Cash Use Through Sept. 15
HARRY DAWSON: Sale of Medicine Lodge Property for $175K Approved
HARTFORD COURT: Permitted to Use Cash Collateral Until Oct. 28

HJR LLC: Case Summary & 14 Unsecured Creditors
HOGAR CARINO: US Wants Court to Prohibit Cash Collateral Use
HUB HOLDINGS: Moody's Affirms B3 CFR Following Term Loan Raise
HUB INTERNATIONAL: S&P Affirms 'B' CCR Amid $350MM Loan Add-on
HUDBAY MINERALS: S&P Raises CCR to 'B+' on Stronger Credit Metrics

IHEARTCOMMUNICATIONS INC: Indirect Unit Offers $150M Senior Notes
INDEPENDENCE TAX II: Expects Dissolution to Occur Next Month
ISTAR INC: Moody's Hikes Senior Unsecured Notes Rating & CFR to B1
JACKSON FULGHAM: Selling Oak Grove Property to Pay Allied Insurance
JASON MAZZEI: Van Ho Buying Wilkes-Barre Property for $19K

JEJP LLC: Prime Downhole Buying Lehman Lathe for $110K
KEENEY TRUCK: Unsecureds to Recover 100% Under Plan
KELLY CONSTRUCTION: Taps Albert Maccani as Accountant
LEVI KATZ: 95 Mapelhust Buying Lakewood Property for $350K
LIFESTAT AMBULANCE: Asks for Court OK to Use Cash Collateral

MANUFACTURERS ASSOCIATES: CBN to be Paid in Full Plus $4% Interest
MD2U MANAGEMENT: Seeks Interim OK to Use Cash Collateral
MF GLOBAL: Allied World Can Arbitrate Insurance Coverage Claims
MGM RESORT: National Harbor Sale to MGP No Impact on Fitch BB IDR
MICROVISION INC: Ladenburg Underwrites $9.2M Public Offering

MJS AUTOMOTIVE: Taps Abilheira & Associates as Legal Counsel
MOTORS LIQUIDATION: Dist. Ct. Upholds Feds $15M Loan Order
MULTI-COLOR CORP: S&P Affirms BB- CCR, Off CreditWatch Negative
ONE HORIZON: Incurs $1.76 Million Net Loss in Second Quarter
OPEXA THERAPEUTICS: Incurs $678,000 Net Loss in Second Quarter

ORACLE OIL: Taps Derbes Law Firm as Legal Counsel
PAC ANCHOR: May Use California United Bank's Cash Until Dec. 31
PADCO ENERGY: Case Energy Opposes Disclosure Statement
PADCO PRESSURE: Case Energy Objects to Disclosure Statement
PARAMOUNT RESOURCES: S&P Upgrades CCR to 'BB-' Amid Trilogy Merger

PERFUMANIA HOLDINGS: US Trustee Unable to Appoint Panel for Model
POTENTIAL DYNAMIX: Trustee Taps Resolution Strategies as Counsel
PROMOMANAGERS INC: Files Chapter 11 Plan of Liquidation
PUERTO RICO: Decagon, et al., Hold $2.6-Bil. of Sr. COFINA Bonds
PUERTO RICO: Oppenheimer et al. Hold $4.609 Billion of Bonds

PUERTO RICO: Puerto Rico Mutual Funds Hold $1.36 Billion of Bonds
PUERTO RICO: QTCB Group Holds $690.9 Million of GO Bonds
PUERTO RICO: Unsecured Committee Members Disclose Claims
QUINTANILLA DRYWALL: U.S. Trustee Unable to Appoint Committee
RACKSPACE HOSTING: Fitch Affirms 'BB-' Issuer Default Rating

REDIGI INC: Court Reschedules Disclosures Hearing to Sept. 18
RELATIVITY MEDIA: Netflix Seeks Reversal of Non-Streaming Order
RESOLUTE ENERGY: Wellington Mgt. Has 8.24% Stake as of July 31
RESTAURANT SALTIMBANCO: Plan Filing Deadline Extended to Dec. 19
RICEBRAN TECHNOLOGIES: Incurs $1.47 Million Net Loss in 2nd Quarter

ROBERT TAYLOR: Selling Catahoula Cattle at Red River Auction
ROCK INVESTMENT: R. Angerer Loan Proceeds to Fund Latest Plan
ROOSTER ENERGY: U.S. Trustee Seeks Case Dismissal
ROOT9B HOLDINGS: Has Until Sept. 15 to Submit Nasdaq Plan
SCIO DIAMOND: Unable to Timely File June 30 Quarterly Report

SEARS HOLDINGS: ESL Partners Reports 56.6% Stake as of Aug. 9
SEARS HOLDINGS: Lenders Assign $140M Commitment Under LC Facility
SERENITY HOMECARE: Has Authorization to Use Cash Collateral
SIERRA CHEMICAL: Taps Golan Christie, Harris Law as Counsel
SIGNATURE APPAREL: Laurita, et al., Liable for Breach of Contract

SPINLABEL TECHNOLOGIES: Taps Greenberg Traurig as Special Counsel
STATE THEATRE OWNER: Moviehouse Auction Postponed Sine Die
STEFANOVOUNO LLC: Can Use Charbel Cash Collateral Until Sept. 30
STEREOTAXIS INC: Incurs $546,960 Net Loss in Second Quarter
STEREOTAXIS INC: May Issue 4M Shares Under 2012 Incentive Plan

SUNBURST FARMS: Proposes an Online Auction of Equipment by BigIron
SUNGEVITY INC: Court Approves Structured Case Dismissal
TD MANUFACTURING: Black Mountain Buying Three Equipment for $2.3K
TEMPLE UNIVERSITY: Fitch Rates $242.7MM Revenue Bonds 'BB+'
THOMAS PETTERS: District Court Tosses Out JPMorgan Appeal

TMR LLC: Wants to Use Cash Collateral of New Frontier
TRIAD GUARANTY: Disclosures Approved, Plan Hearing Set for Oct. 31
ULURU INC: Incurs $543,000 Net Loss in Second Quarter
UMATRIN HOLDING: Incurs $34,700 Net Loss in Second Quarter
US RAVE: Case Summary & 20 Largest Unsecured Creditors

UW OSHKOSH FOUNDATION: Seeks to Hire Martin Cowie as CFO
VARNSEN INDUSTRIES: S&P Gives B CCR on Gamut Deal, Outlook Stable
VIKING CRUISES: S&P Alters Outlook to Positive & Affirms 'B' CCR
VITAMIN WORLD: Sept. 19 Meeting Set to Form Creditors' Panel
WALL ST. RECYCLING: May Use Cash Collateral Until Sept. 30

WELLMAN DYNAMICS: TCM's $3M Credit Bid to Open Oct. 10 Auction
WEST TEXAS BULLDOG: Court Issues Final OK on Cash Collateral Use
WILLIAMS PARTNERS: Moody's Revises Outlook to Pos & Affirms Ba2 CFR
WJA ASSET: May Use Filing Fee Balance to Pay U.S. Trustee Fees
WONDERWORK INC: Exclusive Plan Filing Deadline Moved to Nov. 24

WRANGLER BUYER: Moody's Assigns B3 CFR; Outlook Stable
WRESTLER TAXI: Wants To Use Banco Popular's Cash Collateral
WWLC INVESTMENT: Taps Quilling Selander as Legal Counsel
ZYNEX INC: Posts $1.50 Million Net Income in Second Quarter
[*] Moody's August Global Speculative-Grade Defaults Fell to 2.9%

[^] BOOK REVIEW: Lost Prophets -- An Insider's History

                            *********

1776 AMERICAN: Sale of Houston Property for $495K Approved
----------------------------------------------------------
Judge Karen K. Brown of the U.S. Bankruptcy Court for the Southern
District of Texas authorized 1776 American Property IV, LLC and its
debtor-affiliates to sell the real property located at Lot 2, Block
16, Houston, Harris County, Texas, also known as 5634 Westbrook
Way, Houston, Harris County, Texas, to Yu HonKit or assigns for
$495,000.

The sale is free and clear of all liens, claims, encumbrances,
judgments, deeds of trust, and other interests.  Any liens, claims
and encumbrances, attach to the net sale proceeds in the same order
of priority as exist under non-bankruptcy law.

The Note will be paid in full at closing.  All ad valorem tax liens
on the Properties will be paid at closing, and the seller's portion
of all normal and customary closing costs and fees, including but
not limited to owners association fees or dues.

Erich Mundinger is authorized on behalf of the Debtor to execute
all instruments and documents and to perform all other actions
necessary to consummate the transaction contemplated under the
Order and the Contract.

The 14-day stay requirements of Bankruptcy Rule 6004(h) are
waived.

              About 1776 American Properties IV

1776 American Properties IV LLC and its 12 affiliates sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D.
Tex. Lead Case No. 17-30422) on Jan. 27, 2017.  The petitions were
signed by Jeff Fisher, director.

1776 American Properties IV estimated assets of $1 million to $10
million and liabilities of less than $50,000.

The cases are assigned to Judge Karen K. Brown.  

Josh T. Judd, Esq., at Andrews Myers PC, serves as the Debtors'
bankruptcy counsel.

No trustee or examiner has been appointed in the bankruptcy cases
and no official committee of unsecured creditors has been
established.


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

     Debtor                                    Case No.
     ------                                    --------
     315 Franklin, LLC                         17-00512
     7605 Arlington Boulevard, Suite 250
     Bethesda, MD 20814

     Mayfair-Corcoran, LLC                     17-00513
     7605 Arlington Boulevard, Suite 250
     Bethesda, MD 20814

     Mayfair-Hawaii, LLC                       17-00514
     7605 Arlington Boulevard, Suite 250
     Bethesda, MD 20814

Nature of Business: Each of the Debtors listed its business
                    as single asset real estate (as defined in 11
                    U.S.C. Section 101(51B)).  The principal
                    business address of 315 Franklin
                    is 315-325 Franklin Street, N.E. Washington,
                    DC 20002.  The principal business address of
                    Mayfair-Corcoran is 1720-1721 Corcoran Street,

                    N.E. Washington, DC 20002.  Mayfair-Hawaii's
                    principal business address is 1 Hawaii Avenue,
                    N.E. Washington, DC 20011.

NAICS (North American Industry
Classification System) 4-digit
Code that Best Describes Debtor: 5311

Chapter 11 Petition Date: September 13, 2017

Court: United States Bankruptcy Court
       District of Columbia (Washington, D.C.)

Judge: Hon. Martin S. Teel, Jr.

Debtors' Counsel: Kristen E Burgers, Esq.
                  HIRSCLER FLEISCHER, PC
                  8270 Greensboro Drive, Suite 700
                  Tysons, VA 22102
                  Tel: 703-584-8364
                  Email: kburgers@hf-law.com

                    - and -

                  Stephen E. Leach, Esq.
                  HIRSCHLER FLEISCHER, PC
                  8270 Greensboro Drive, Suite 700
                  Tysons, VA 22102
                  Tel: 703-584-8902
                  Fax: 703-584-8901
                  Email: sleach@hf-law.com

                                    Estimated   Estimated
                                     Assets    Liabilities
                                   ----------  -----------
315 Franklin, LLC                  $1M-$10M    $1M-$10M
Mayfair-Corcoran, LLC              $1M-$10M    $1M-$10M
Mayfair-Hawaii, LLC                $1M-$10M    $1M-$10M

The petitions were signed by Carter A. Nowell, manager.

315 Franklin, LLC's list of 20 largest unsecured creditors is
available for free at:

                http://bankrupt.com/misc/dcb17-00512.pdf

Mayfair-Corcoran, LLC's list of 18 largest unsecured creditors is
available for free at:

                http://bankrupt.com/misc/dcb17-00513.pdf

Mayfair-Hawaii, LLC's list of 20 largest unsecured creditors is
available for free at:

                http://bankrupt.com/misc/dcb17-00514.pdf


ABENGOA KANSAS: Committee Taps Affinity Law Group as Local Counsel
------------------------------------------------------------------
The official committee of unsecured creditors of Abengoa Bioenergy
Biomass of Kansas LLC seeks approval from the U.S. Bankruptcy Court
in Kansas to hire Affinity Law Group, LLC as its local counsel.

The firm will provide these legal services to the committee in
connection with the jointly administered bankruptcy cases of
certain affiliates of the Debtor that are pending before the U.S.
Bankruptcy Court for the Eastern District of Missouri:

     (a) advise the committee in conjunction with its legal
counsel
         Baker & Hostetler LLP concerning questions arising in the

         defense of the Debtor's claims in the Missouri cases;

     (b) represent the committee's interest in contested matters,
         adversary proceedings and suits arising in or related to
         the Missouri cases;

     (c) investigate and prosecute matters pertaining to the
         Missouri cases;

     (d) assist in the preparation of legal documents required in
         the Missouri cases; and

     (e) satisfy the requirements for Baker & Hostetler to serve
         as general counsel in connection with the Missouri cases.

J. Talbot Sant, Jr., Esq., the attorney who will be providing the
services, will charge an hourly fee of $350.  Paralegals will
charge $110 per hour.

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

Affinity Law Group can be reached through:

      J. Talbot Sant, Jr., Esq.
      Affinity Law Group, LLC
      1610 Des Peres Road, Suite 100
      St. Louis, MO 63131
      Phone: (314) 872-3333

           About Abengoa Bioenergy Biomass of Kansas

Three subcontractors asserting disputed state law lien claims
against Abengoa Bioenergy Biomass of Kansas, LLC filed on March 23,
2016, an involuntary petition to place the Company in bankruptcy
under Chapter 7 of the Bankruptcy Code.  The case was converted to
a case under Chapter 11 of the Bankruptcy Code (Bankr. D. Kan. Case
No. 16-10446) on April 8, 2016.

In April 2016, Chief Bankruptcy Judge Robert E. Nugent denied the
request of Abengoa Kansas to transfer its case to the Bankruptcy
Court for the District of Delaware where cases involving its
indirect parent companies and other affiliates are pending.  Judge
Nugent said the facts and unique circumstances surrounding Abengoa
Kansas and its known creditors do not warrant transferring the
case.

Abengoa Kansas hired Armstrong Teasdale LLP, and DLA Piper LLP (US)
as counsel.

Petitioning creditor Brahma Group, Inc. is represented by Martin
Pringle Oliver Wallace & Bauer.  Petitioning creditors CRB Builders
LLC and Summit Fire Protection Co. are represented by Horn Aylward
& Bandy LLC.

The official committee of unsecured creditors is represented in the
Kansas bankruptcy case by Baker & Hostetler LLP and Cosgrove, Webb
& Oman.

On April 14, 2017, the Debtor filed a disclosure statement, which
explains its proposed Chapter 11 plan of liquidation.

On July 19, 2017, Drivetrain LLC filed a disclosure statement
explaining its proposed plan of liquidation for the Debtor.
Drivetrain is the liquidating trustee appointed pursuant to the
plans of liquidation approved in the Chapter 11 cases of the
Debtor's affiliates in St. Louis, Missouri.


ADEPTUS HEALTH: U.S. Trustee Balks at Plan Release Provisions
-------------------------------------------------------------
BankruptcyData.com reported that the U.S. Trustee assigned to the
Adeptus Health case filed with the U.S. Bankruptcy Court an
objection to the Company's Second Amended Joint Plan of
Reorganization.  The U.S. Trustee asserts, "The Debtors have agreed
to insert language into the Plan that excludes governmental
entities and claims from release and exculpation provisions. The
Plan contains non-consensual third party releases in contravention
of 11 U.S.C. section 524(e) and Bank of N.Y. Trust Co. v. Official
Unsecured Creditors' Committee.  The Plan contains exculpation
provisions in contravention of 11 U.S.C. section 524(e) and Pacific
Lumber. The Debtors and the United States Trustee remain in active
negotiations concerning the release and exculpation provisions and
hope to reach an amicable resolution.  The United States Trustee
and the Debtors will continue their negotiations in an effort to
reach an amicable resolution in advance of the hearing on
confirmation."

                About ADPT DFW Holdings LLC

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

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

Judge Stacey G. Jernigan presides over the cases.

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

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

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

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


AEMETIS INC: Incurs $5.98 Million Net Loss in Second Quarter
------------------------------------------------------------
Aemetis, Inc., filed with the Securities and Exchange Commission
its quarterly report on Form 10-Q reporting a net loss of $5.98
million on $40.76 million of revenues for the three months ended
June 30, 2017, compared to a net loss of $4.98 million on $33.05
million of revenues for the three months ended June 30, 2016.

The Company recorded a net loss of $14.51 million on $72.33 million
of revenues for the six months ended June 30, 2017, compared to a
net loss of $10.09 million on $66.38 million of revenues for the
six months ended June 30, 2016.

As of June 30, 2017, Aemetis had $79.41 million in total assets,
$143 million in total liabilities and a total stockholders' deficit
of $63.58 million.

During the second quarter of 2017, revenues increased $7.7 million
or 23% compared to the second quarter of 2016.  Ethanol revenues
increased 11% year over year as we shipped 16% more ethanol product
to our customers.  During the second quarter of 2017, Aemetis
signed a three year biofuels supply agreement with BP Singapore to
supply biodiesel from its India plant to the US and Europe, using
its patent-pending enzymatic process technology.  The Company's
India subsidiary also received a $6 million contract to supply the
India Oil Marketing Companies, and India bulk fuel customers
generated increases in both revenue and gross margin.

"We have recently achieved significant milestones in our ethanol
and biodiesel operating segments.  Accomplishments during the
second quarter include implementation of our strategy to grow the
India biodiesel business through the BP Singapore supply agreement,
sales to bulk fuel customers, newly approved sales to retail
customers and winning supply agreements with the India Oil
Marketing Companies," stated Eric McAfee, Chairman and CEO of
Aemetis.  "During the third quarter, we also started production of
cellulosic ethanol from waste orchard wood and nutshells at our
newly constructed integrated demonstration unit at the InEnTec
Technology Center in Richland, Washington.  Cellulosic ethanol can
reduce greenhouse gas emissions up to 80% compared to gasoline.  In
India, we completed the construction of the first phase of our
commercial pre-treatment unit and began production of biodiesel
using our patent-pending enzymatic technology."

Selling, general and administrative expenses were $3.3 million in
the second quarter of 2017, compared to $2.9 million in the second
quarter of 2016.  The largest component of the change in selling,
general and administrative expense were tax penalties, returned
sublease space and workmen's compensation rate increases related to
North America operations and operational support charges related to
the increase in revenue at the India operations.

Operating loss was $1.7 million for the second quarter of 2017,
compared to an operating loss of $1.1 million for the second
quarter of 2016.

Interest expense during the second quarter of 2017 was $4.3
million, compared to $4.4 million during the second quarter of
2016.

Cash at the end of the second quarter of 2017 was $0.7 million
compared to $1.5 million at the end of 2016.

Aemetis reported a net loss of $15.63 million on $143.15 million of
revenues for the year ended Dec. 31, 2016, compared with a net loss
of $27.13 million on $146.64 million of revenues for the year ended
Dec. 31, 2015.

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

                    https://is.gd/2C84l8

                       About Aemetis

Cupertino, Calif.-based Aemetis, Inc. -- http://www.aemetis.com/--
is an international renewable fuels and specialty chemical company
focused on the production of advanced fuels and chemicals and the
acquisition, development and commercialization of innovative
technologies that replace traditional petroleum-based products and
convert first-generation ethanol and biodiesel plants into advanced
biorefineries.  Aemetis operates in two reportable geographic
segments: North America and India.


AHI LIQUIDATING: Unsecureds to Recoup 1.27% Under Liquidation Plan
------------------------------------------------------------------
AHI Liquidating 123, Inc., f/k/a Aerospace Holdings, Inc., et al.,
and the Official Committee of Unsecured Creditors filed with the
U.S. Bankruptcy Court for the District of Delaware a combined
disclosure statement and chapter 11 plan of liquidation dated
August 31, 2017.

Class 4A-E under the liquidation plan consists of all general
unsecured claims against the Debtors. Each holder of an Allowed
General Unsecured Claim will receive its Pro Rata Share of the GUC
Distribution Pool, which is a 60% share of the Net Distributable
Assets. Estimated recovery for this class is 1.27%.

A Plan Administrator will be vested with all Assets of the Debtors'
Estates as of the Effective Date and will carry out the provisions
of the Plan with respect to the reconciliation of Claims and
Distributions to creditors.

The Plan Proponents believe the Plan satisfies the Feasibility Test
because it provides for the satisfaction of all administrative and
priority claims on the Effective Date, and for the retention by the
Plan Administrator of sufficient Cash to wind down the Chapter 11
Cases. As a result, no additional liquidation or financial
reorganization of the Debtors will be necessary.

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

     http://bankrupt.com/misc/deb17-10635-275.pdf

                   About Aerospace Holdings

Aerospace Holdings, Inc., designs and manufactures a wide variety
of products, including machined parts, fabricated components, and
tooling for the commercial aerospace and defense markets.  The
company encompasses a full spectrum of precision manufacturing
capabilities for any scale, from individual prototypes to large lot
production.

The Debtor sought Chapter 11 protection (Bankr. D. Del. Case No.
17-10635) on March 27, 2017.  The petition was signed by Matthew
Sedigh, chief restructuring officer.  The Debtor estimated assets
in the range of $10 million to $50 million and $50 million to $100
million in debt.

The Debtor tapped Dennis A. Meloro, Esq., and Nancy A. Mitchell,
Esq., at Greenberg Traurig, LLP, as counsel.

An Official Committee of Unsecured Creditors has been appointed in
the Chapter 11 case.  The Committee tapped Steven K. Kortanek,
Esq., Patrick A. Jackson, Esq., and Joseph N. Argentina, Jr., Esq.,
at Drinker Biddle & Reath LLP, in Wilmington, Delaware, and Robert
K. Malone, Esq., at Drinker Biddle & Reath LLP, in Florham Park,
New Jersey.


ALASKA DISPATCH: Sale of All Newspaper Assets for $1M Approved
--------------------------------------------------------------
Judge Gary Spraker of the U.S. Bankruptcy Court District of Alaska
authorized Alaska Dispatch News, LLC's sale of substantially all of
its newspaper assets to Binkley Co., LLC for $1,000,000.

The sale is free and clear of liens of all persons who receive
notice of the application, except that (i) as part of the sale,
Binkley will be responsible for all prepaid subscriptions, as well
as for all prepaid advertising; and (ii) the sale is subject to the
Municipality of Anchorage's personal property tax lien for 2017,
and Binkley will pay those taxes before Oct. 31, 2017.

Pursuant to the Revised Asset and Purchase Agreement, the Debtor's
newspaper assets are comprised of cash, receivables, inventory,
intellectual property, business name machinery, equipment, and all
other tangible personal property.

The purchase price is $1,000,000, less $1,000,000, which is the
balance due on the amount due Binkley on account of the DIP Credit
Agreement that the Court approved at Docket 53.  The balance of the
purchase price is zero.  However, to the extent that any
adjustments at or after Closing occur that result in any proceeds,
those proceeds will be paid to the Debtor and will not be disbursed
except by further order of the Court.  All claims and interests in
the property sold will attach to the same extent, and in the same
order of priority, as existed in the underlying assets.

Notwithstanding anything else in the Revised APA or the Order, the
terms of which the Buyer can use the real property located at 1001
Northway Drive, Anchorage, Alaska ("GCI Property") will be
determined by an agreement between Buyer and GCI NADC, LLC, and,
absent such agreement, nothing in the Order gives Buyer or any
other party any right to use the GCI Property.  All parties retain
all of their rights under the adequate protection order entered at
Docket 54.

The assets sold include personally identifiable information
("PII").  The sale authorized by the Order is entirely consistent
with Debtor's policy concerning the transfer of PII.  

With respect to the assets located at 5900 Arctic Boulevard,
Binkley will elect by Sept. 21, 2017 as to which assets Binkley
elects to acquire, and until such election will remain a
fiduciary.

A copy of the APA attached to the Order is available for free at:

    http://bankrupt.com/misc/Alaska_Dispatch_101_Order.pdf

                    About Alaska Dispatch News

Based in Anchorage, Alaska Dispatch News -- https://www.adn.com --
offers news, features and commentary with a statewide focus.
Alaska Dispatch News LLC sought Chapter 11 protection (Bankr. D.
Alaska Case No. 17-00285) on Aug 12, 2017.  The petition was signed
by Alice Rogoff, manager.  The Debtor estimated assets at $10
million to $50 million and liabilities at $1 million to $10
million.  Judge Gary Spraker is assigned to the case.  The Debtor
tapped Cabot C. Christianson, Esq., at Law Offices of Cabot
Christianson, P.C., as counsel.


ALEXANDER BROWN: Sale of Dorchester Property for $510K Withdrawn
----------------------------------------------------------------
Judge Frank J. Bailey of the U.S. Bankruptcy Court for the District
of Massachusetts withdrew the motion filed by Alexander Brown for
his private sale of real property located at 31 Downer Avenue,
Dorchester, Massachusetts, to LaCrissa Rene Edwards for $510,000,
free and clear of all liens, subject to higher and better offers.

The Sept. 12, 2017 hearing on the Motion is canceled.

The case is In re Alexander Brown (Bankr. E.D. Mass. Case No.
11-12265).

Counsel for the Debtor:

          David G. Baker, Esq.
          236 Huntington Avenue, Room 306
          Boston, MA 02115
          Telephone: (617) 367-4260


ALLIANT HOLDINGS: Moody's Keeps B3 CFR After Add'l. $150MM Notes
----------------------------------------------------------------
Moody's Investors Service is maintaining the B3 corporate family
rating and B3-PD probability of default rating of Alliant Holdings
Intermediate, LLC following the company's announcement of plans to
issue an additional $150 million of senior unsecured notes under
its existing 2015 indenture. The net proceeds from the offering,
together with cash on hand, will be used to fund the repurchase of
an equity interest held by a minority investor. Following the
transaction, 51% of Alliant's equity will be held by employees with
the balance held by Stone Point Capital LLC through its Trident
funds and its co-investors.

While the pending transaction is credit negative, it does not
change Alliant's corporate family rating or existing debt ratings,
which include a B2 rating on its senior secured credit facilities
and a Caa2 rating on the senior unsecured notes (see list below).
The rating outlook for Alliant is stable.

Although the issuance of debt to fund a portion of the repurchase
of minority interest will weaken Alliant's credit profile, the
company has a track record of reducing financial leverage through
earnings and free cash flow. Giving effect to the proposed
transaction, Alliant's pro forma debt-to-EBITDA ratio for the 12
months through June 2017 would have been slightly above 8x,
including Moody's accounting adjustments for operating leases,
deferred earnout obligations and run-rate earnings from recent
acquisitions and new broker teams. The rating agency views such
leverage as aggressive for the rating category but expects it to
decline below 8x over the next couple of quarters based on EBITDA
growth.

Alliant's ratings reflect its leading position in niche markets,
steady organic revenue growth and strong EBITDA margins. The
company's emphasis is on specialty programs offering distinct value
both to insurance buyers and carriers. These strengths are offset
by Alliant's aggressive financial leverage, moderate EBITDA
interest coverage, and contingent/legal risk related to lateral
hires (seasoned producers, mostly with specialty books of
business). Moody's also expects performance in Alliant's MGA
segment, which accounts for about 25% of total revenues, to
continue experiencing slow growth. The company faces potential
liabilities from errors and omissions, a risk inherent in
professional services.

Factors that could lead to an upgrade of Alliant's ratings include:
(i) debt-to-EBITDA ratio below 6x, (ii) (EBITDA - capex) coverage
of interest exceeding 2x, and (iii) free-cash-flow-to-debt ratio
exceeding 5%.

Factors that could lead to a rating downgrade include: (i)
debt-to-EBITDA ratio remaining above 8x, (ii) (EBITDA - capex)
coverage of interest below 1.2x, or (iii) free-cash-flow-to-debt
ratio below 2%.

Moody's maintains the following ratings and loss given default
(LGD) assessments:

Corporate family rating at B3;

Probability of default rating at B3-PD;

$200 million senior secured revolving credit facility maturing in
August 2020 at B2 (LGD3);

$1.8 billion senior secured term loan maturing in August 2022 at
B2 (LGD3);

$685 million (including the $150 million increase) senior
unsecured notes maturing in August 2023 at Caa2 (LGD5).

The principal methodology used in these ratings/analysis was
Insurance Brokers and Service Companies published in December 2015.


Alliant, based in Newport Beach, California, is a specialty
oriented insurance broker providing property & casualty and
employee benefits products and services to middle-market clients
across the US. Alliant generated revenues of $1.07 billion for the
12 months through June 2017.


ALLIANT HOLDINGS: S&P Affirms 'B' CCR Amid Incremental Debt
-----------------------------------------------------------
S&P Global Ratings said it affirmed its 'B' corporate credit rating
on Alliant Holdings L.P. and Alliant Holdings Intermediate LLC, as
well as its 'B' senior secured rating with a '3' (55%) recovery and
'CCC+' senior unsecured debt rating with a '6' (0%) recovery rating
on the firm's debt. The outlook is stable.

The rating affirmation follows Alliant's announcement that it,
along with existing financial sponsor StonePoint, are acquiring all
of KKR & Co. L.P.'s minority equity interest in Alliant for $350
million via $150 million incremental senior notes, $90 million of
preferred equity, and balance sheet cash.

S&P siad, "The stable outlook reflects our expectation that
Alliant's expertise in its niche specialty markets will enable it
to maintain growing earnings and cash flows. We project organic
revenue growth in the mid- to upper-single digits and EBITDA
margins of 32%-34%. We expect its financial profile to remain
highly levered, with debt to EBITDA of 7x-7.5x by year-end 2017 and
delevering to 6.5-7x by year-end 2018. In the next two years, we
expect funds from operations to debt of 8.0%-13.0% and EBITDA
coverage above 2x.

"We could lower our ratings in the next 12 months if Alliant's
earnings deteriorate or if management takes a more-aggressive
approach to financial policy through additional debt-financed
acquisitions or dividends that result in debt to EBITDA of more
than 8.5x and coverage below 2.0x. We could also consider a
downgrade if Alliant's business profile weakens through
unsuccessful sales strategies, producer defection, or poorly
performing acquisitions as shown by negative organic growth and
declining margins.

"We are unlikely to raise Alliant's rating in the next 12 months
given its high leverage levels. Consideration for positive ratings
momentum would depend on less aggressive financial policies and
credit protection measures -for example, if leverage falls to, and
remains at, less than 6x with coverage above 3.0x. This could occur
through profitable growth accompanied by pay down of debt."


AMIGO PAT TEXAS: Has Until Sept. 29 to Exclusively File Plan
------------------------------------------------------------
The Hon. Jeff Bohm of the U.S. Bankruptcy Court for the Southern
District of Texas has further extended, at the behest of Amigo PAT
Texas LLC, the exclusive period for the Debtor to file a plan
through and including Sept. 29, and the exclusive period for the
Debtor to obtain acceptances of a plan through and including Dec.
8.

Amigo PAT Texas sought a 21-day extension of its exclusivity
periods, saying it has been engaged in ongoing and productive
settlement conversations with Polston Applied Technologies over the
last month and that those talks were delayed due to Hurricane
Harvey.  The parties have re-engaged discussions.

As reported by the Troubled Company Reporter on July 17, 2017,
Bankruptcy Judge Jeff Bohm authorized Amigo PAT Texas to sell
substantially all of its assets to TWC Acquisition, LLC for
$6,250,000.

As part of the sale, the Debtor intended to reject a License and
Royalty Agreement with Polston.

                      About Amigo PAT Texas

Amigo PAT Texas LLC, based in Houston, Texas, provides industrial
and municipal cleaning services, along with video and sonar
inspection services.

Amigo PAT Texas filed a Chapter 11 petition (Bankr. S.D. Tex. Case
No. 17-32169) on April 7, 2017.  The Debtor estimated $1 million to
$10 million in both assets and liabilities as of the bankruptcy
filing.  Charles L. McDaniel, sole member and manager, signed the
petition.

The Hon. Jeff Bohm presides over the case.

Aaron J. Power, Esq., at Porter Hedges LLP, serves as bankruptcy
counsel to the Debtor.


ANDERSON SHUMAKER: Taps Fort Dearborn as Financial Advisor
----------------------------------------------------------
Anderson Shumaker Company seeks approval from the U.S. Bankruptcy
Court for the Northern District of Illinois to hire Fort Dearborn
Partners Inc. as its financial advisor.

The firm will assist the Debtor in preparing accurate projections
for its Chapter 11 plan of reorganization.  It will also perform
financial functions required during the remainder of the Debtor's
bankruptcy case.

Kevin Cleary, the firm's president, will charge an hourly fee of
$450 for his services.  Fort Dearborn's standard hourly rates for
its staff range from $175 to $400.  Paraprofessionals charge $50
per hour.

The firm has requested a $20,000 retainer, which is provided for in
the Debtor's September cash collateral budget.

Mr. Cleary disclosed in a court filing that all partners and
associates of the firm are "disinterested" as defined in section
101(14) of the Bankruptcy Code.

The firm can be reached through:

     Kevin W. Cleary
     Fort Dearborn Partners Inc.
     190 South LaSalle Street, Suite 1650
     Chicago, IL 60603
     Phone: (312) 201-8210
     Fax: (312) 201-1415

                     About Anderson Shumaker

Based in Chicago, Illinois, Anderson Shumaker Company provides open
die forgings and custom forgings in various shapes and finishes
using stainless steel, aluminum, carbon steel and various grades of
alloy steel.

Anderson Shumaker filed a Chapter 11 petition (Bankr. N.D. Ill.
Case No. 17-05206) on Feb. 23, 2017.  The petition was signed by
Richard J. Tribble, its chief executive officer.  At the time of
filing, the Debtor had $1 million to $10 million in estimated
assets and $10 million to $50 million in estimated liabilities.

The case is assigned to Judge Donald R Cassling.

Scott R. Clar, Esq. and Brian P. Welch, Esq. at Crane, Heyman,
Simon, Welch & Clar serve as counsel to the Debtor.  RSM US LLP and
CFO Advise LLC serve as the Debtor's accountant and financial
advisor, respectively.

On March 9, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  Freeborn & Peters LLP
represents the committee as legal counsel.


ANDREW LANTZMAN: Sale of Pittsburgh Property for $605K Withdrawn
----------------------------------------------------------------
Judge Gregory Taddonio of the U.S. Bankruptcy Court for the Western
District of Pennsylvania withdrew the pending motion of Andrew J.
Lantzman and Marcella M. Lantzman to sell the real property located
at 2341 Englewood Drive, Pittsburgh, Pennsylvania, to Nathan A.
Haerr and Diana M. Haerr for $625,000, subject to overbid; and
their pending application to approve bidding procedures.

Andrew J. Lantzman and Marcella M. Lantzman sought relief under
Chapter 13 of the Bankruptcy Code on May 21, 2015.  The case was
subsequently converted to a Chapter 11 case (Bankr. W.D. Penn. Case
No. 15-21857-GLT) on Aug. 12, 2016.


ASPEN COURT: May Use Cash Collateral Through Oct. 31
----------------------------------------------------
The Hon. Timothy A. Barnes of the U.S. Bankruptcy Court for the
Northern District of Illinois has authorized Aspen Court, L.L.C.,
to use cash collateral on an interim basis during the period Sept.
1, 2017, through Oct. 31, 2017.

A final hearing on the continued cash collateral use will be held
on Oct. 24, 2017, at 10:30 a.m.

In return of the Debtor's continued interim use of cash collateral,
Soy Capital Bank, Old Second Bank, Commerce Bank and Heartland Bank
are granted valid, perfected, enforceable security interests in and
to the Debtor's post-petition assets, including all proceeds and
products which are now or hereafter become property of the estate
to the extent and priority of their alleged prepetition liens, if
valid, but for any Lender, only to the extent of any diminution in
the value of the Lender's collateral during the period from the
commencement of the Debtor's Chapter 11 case through Oct. 31,
2017.

A copy of the Order is available at:

              http://bankrupt.com/misc/ilnb17-16064-60.pdf

As reported by the Troubled Company Reporter on June 7, 2017, the
Court granted the Debtor permission to use cash collateral during
the period May 31, 2017, through June 30, 2017.

                        About Aspen Court

Aspen Court, L.L.C. -- http://www.aspencourtwiu.com/-- owns an
apartment community located at 1507 W. Jackson Street Macomb,
Illinois 61455, with four convenient locations within walking
distance to the Western Illinois University Campus.  Aspen Court
offers floor plans that accommodate all types of residents.  It is
the only apartment community in Macomb to offer 1, 2, and 3 bedroom
apartments and 4 bedroom townhomes.  Each apartment has a bathroom
for every bedrooom!  Its complex has just recently been constructed
and contains all of the newest construction and communication
technology.  Every apartment comes with High-Speed Fiber Optic
Internet included with data jacks in every bedroom and living
room.

Aspen Court filed for Chapter 11 bankruptcy protection (Bankr. N.D.
Ill. Case No. 17-16064) on May 24, 2017, estimating its assets and
liabilities at between $10 million and $50 million each.  The
petition was signed by Jonathan Sauser as member and designated
representative.

Judge Timothy A. Barnes presides over the case.

David K Welch, Esq., at Crane, Heyman, Simon, Welch & Clar, serves
as the Debtor's bankruptcy counsel.


ASPEN RIDGE PREP SCHOOL: S&P Cuts 2015A-B Bonds Rating to 'BB'
--------------------------------------------------------------
S&P Global Ratings lowered its rating on Colorado Educational &
Cultural Facilities Authority's series 2015A and B fixed-rate
charter school revenue bonds, issued for Aspen Ridge Preparatory
School , to 'BB' from 'BB+'. The outlook is stable.

"We lowered the rating based in part on the U.S. Not-for-profit
Charter School criteria, published on Jan. 3, 2017, on
RatingsDirect and our view of Aspen Ridge's lower-than-projected
enrollment at the middle school level, which will likely impact
future operations," said S&P Global Ratings credit analyst Luke
Gildner.

S&P Said, "We assessed Aspen Ridge's financial profile as
vulnerable characterized by a very high debt burden, small
operating base, and the expectation for operating deficits in the
near term as the school continues to build out its middle school
enrollment. We view the school's healthy liquidity position and
historically healthy operating results as positive credit factors.

We assessed the school's enterprise profile as adequate,
characterized by good academic quality, very healthy local economic
fundamentals, and a history of growing enrollment. The enterprise
profile assessment is constrained by the school's small size and
middle school enrollment levels, which are well below management's
initial projections. We believe that, combined, these credit
factors lead to an indicative stand-alone credit profile of 'bb'
and a final rating of 'BB'.

"The stable outlook reflects our expectation that during the next
year, management will grow enrollment resulting in a decline in the
school's debt burden. We also expect liquidity will remain
relatively stable.

"We could lower the rating if enrollment does not increase as
anticipated, operations do not meet expectations, financial
covenants are violated, or the balance sheet deteriorates to levels
consistent with a lower rating.

"We do not expect to take a positive rating action during the
one-year outlook period, but we could take one if the charter
school can demonstrate a track record of growing enrollment at the
middle school grades resulting in healthy MADS coverage while
maintaining liquidity at levels consistent with a higher rating."


ASSUREDPARTNERS INC: Moody's Rates $1.3BB Sr. Secured Term Loan B2
------------------------------------------------------------------
Moody's Investors Service has assigned a B2 rating to
AssuredPartners Inc.'s $1.3 billion senior secured term loan
maturing in October 2024. Net proceeds from the loan will be used
to refinance the company's existing $1.1 billion senior secured
term loan, repay the company's senior secured revolver, fund
near-term acquisitions, and pay related fees and expenses. In
addition, the company's revolver will be increased to $242.5
million from $202.5 million and its maturity date will be extended
to 2022. The rating agency expects to withdraw the rating on the
existing term loan once the refinancing closes in late September.
The rating outlook for AssuredPartners is stable.

RATINGS RATIONALE

According to Moody's, AssuredPartners' ratings (B3 corporate
family) reflect its growing market presence in middle market
insurance brokerage; good diversification across clients,
producers, insurance carriers and product lines; and healthy EBITDA
margins. Additionally, Moody's expects AssuredPartners' organic
growth to continue improving in 2017 as a result of steps the
company has taken to offset P&C commercial lines pricing pressure.
AssuredPartners' strengths are tempered by its aggressive financial
leverage, low interest coverage, and significant cash outflows
related to its contingent earnout liabilities. Given the company's
high volume of acquisitions, AssuredPartners' existing and acquired
operations face potential liabilities from errors and omissions in
the delivery of professional services.

Giving effect to the proposed refinancing, Moody's estimates that
AssuredPartners' pro forma debt-to-EBITDA ratio for the 12 months
through June 2017 would have been in the range of 7.5x-8x, with
(EBITDA - capex) interest coverage slightly over 2x. These metrics
include Moody's accounting adjustments for operating leases,
deferred earnout obligations and run-rate earnings from recently
completed acquisitions. Moody's expects the company to reduce its
debt-to-EBITDA ratio to below 7.5x over the next few quarters
through gradual EBITDA growth and amortization of the term loan.
While the performance-based deferred earnout arrangements promote
growth among the company's acquired brokers, they also add to the
company's financial leverage and near-term cash outflows.

Factors that could lead to an upgrade of AssuredPartners' ratings
include: (i) debt-to-EBITDA ratio below 6x, (ii) (EBITDA - capex)
coverage of interest exceeding 2x, and (iii) free-cash-flow-to-debt
ratio exceeding 5%.

Factors that could lead to a rating downgrade include: (i)
debt-to-EBITDA ratio remaining above 7.5x, (ii) (EBITDA - capex)
coverage of interest below 1.2x, or (iii) free-cash-flow-to-debt
ratio below 2%.

Moody's has assigned the following rating (and loss given default
(LGD) assessment):

  $1.3 billion senior secured seven-year term loan at B2 (LGD3).

Moody's maintains the following ratings (and LGD assessments):

  Corporate family rating at B3;

  Probability of default rating at B3-PD;

  $242.5 million (including $40 million increase) senior secured
five-year revolving credit facility at B2 (LGD3);

  $500 million senior unsecured notes maturing in August 2025 at
Caa2 (LGD5).

Upon closing of the new term loan, Moody's expects to withdraw the
B2 rating on AssuredPartners' existing senior secured term loan
since this loan will be repaid/terminated.

The principal methodology used in this rating was Insurance Brokers
and Service Companies published in December 2015.

Based in Lake Mary, Florida, AssuredPartners ranks among the 15
largest US insurance brokers. The company generated total revenues
of $709 million for the 12 months through June 2017.


ATM MIRROR: Taps Steinvurzel & Levy as Special Litigation Counsel
-----------------------------------------------------------------
ATM Mirror, Inc. seeks approval from the U.S. Bankruptcy Court for
the Southern District of New York to hire Steinvurzel & Levy Law
Group as special counsel.

The firm will represent the Debtor in any construction-related
litigation, including its dispute with the contractor for a project
at the Westchester County airport.

The firm's standard hourly rates are:

     Partners              $375
     Associates     $250 - $295
     Paralegals            $120

Steinvurzel has agreed to payment of a post-petition retainer from
the Debtor in the sum of $3,500.

Ronald Steinvurzel, Esq., disclosed in a court filing that he and
his firm do not represent or hold any interest adverse to the
Debtor and its estate.

Steinvurzel can be reached through:

     Ronald Steinvurzel, Esq.
    34 South Broadway, Suite 210
    White Plains, NY 10601
    Phone: (914) 288-0102
    Fax: (914) 288-0103
    Email: info@steinlevy.com

                        About ATM Mirror

ATM Mirror, Inc. is a glass manufacturing and installation company,
installing projects from residential frameless shower doors to
commercial architectural glass such as balconies.  ATM Mirror is a
family-owned business operating since 2005.

The Debtor filed a Chapter 11 bankruptcy petition (Bankr. S.D.N.Y.
Case No. 16-23276) on September 21, 2016, disclosing assets and
liabilities of less than $1 million.

Judge Robert D. Drain presides over the case.  Dawn Kirby, Esq., at
DelBello Donnellan Weingarten Wise & Wiederkehr, LLP, is the
Debtor's bankruptcy counsel.  The Debtor hired Fino and Associates
as its accountant.

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


AVALON CARE: Taps Cohne Kinghorn as Legal Counsel
-------------------------------------------------
Avalon Care Center - Chandler, LLC seeks approval from the U.S.
Bankruptcy Court for the District of Utah to hire legal counsel in
connection with its Chapter 11 case.

The Debtor proposes to employ Cohne Kinghorn, P.C. to, among other
things, negotiate with creditors; assist in any proposed
disposition of its assets; review claims of creditors; and prepare
a bankruptcy plan.

The firm's standard hourly rates range from $230 to $400 for
shareholders, $170 to $185 for associates and $100 to $130 for
paralegals.  Cohne Kinghorn holds a retainer in the sum of
$45,176.50, which it received from the Debtor.

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

Cohne Kinghorn can be reached through:

     George B. Hofmann, Esq.
     Cohne Kinghorn, P.C.
     111 East Broadway, 11th Floor
     Salt Lake City, UT 84111
     Tel: (801) 363-4300
     Fax: (801) 363-4378
     Email: ghofmann@cohnekinghorn.com

              About Avalon Care Center - Chandler

Avalon Care Center - Chandler, LLC operates skilled nursing care
facilities.  It is an affiliate of Avalon Care Center - Chowchilla,
LLC, which sought bankruptcy protection (Bankr. E.D. Cal. Case No.
17-12721) on July 17, 2017.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. Utah Case No. 17-27825) on September 7, 2017.  Anne
Stuart, the authorized representative, 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 Joel T. Marker presides over the case.


AVAYA INC: Amended Plan Confirmation Hearing Set for November 15
----------------------------------------------------------------
Avaya Inc. on Sept. 12, 2017, disclosed that its First Amended Plan
Support Agreement dated August 6, 2017 (the "PSA") has now been
executed by holders of over two-thirds in amount of the total
amount of its First Lien Debt (as defined in the PSA) -- up from
more than 50% when the PSA was initially announced -- including
substantially all of the members of the Ad Hoc Group of First Lien
Creditors (the "Ad Hoc First Lien Group").

Among other things, the PSA requires the parties who sign it to
vote in favor of the First Amended Chapter 11 Plan of
Reorganization of Avaya Inc. and Its Debtor Affiliates, dated
September 8, 2017 (the "Amended Plan"), when solicited in
accordance with the Bankruptcy Code.  The Company continues to
believe that, once it has completed solicitation of votes and
received the requisite votes, the Amended Plan is confirmable.

The Bankruptcy Court approved the Disclosure Statement with respect
to the Amended Plan on August 25, 2017, clearing the way for Avaya
to begin soliciting votes for the Plan.  A hearing for the
Bankruptcy Court to consider confirmation of the Amended Plan is
scheduled for November 15, 2017.

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

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

                        About Avaya Inc.

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

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

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

Judge Stuart M. Bernstein presides over the cases.

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

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

On April 13, 2017, the Debtors filed their joint Chapter 11 plan of
reorganization.

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


BALLANTRAE LLC: ABL Secured Claim to be Paid Over 30 Years
----------------------------------------------------------
Ballantrae, LLC, filed with the U.S. Bankruptcy Court for the
Southern District of Florida a disclosure statement in support of
its proposed plan of reorganization.

Class 1 under the plan is the allowed secured claim of American
Business Lending in the amount of $3,417,808.64. This amount will
be paid at the rate provided in the note, 6% over a period of 360
months. The Debtor will pay interest only through December 2017 in
the amount of $15,664.96 Regular monthly payments in the amount of
$20,491.49 will begin in January 2018 and will be paid on the 5th
of each month. Liens against collateral shall remain until this
claim is paid in full according to this Plan. This class is
impaired.

The plan will be funded by the income received by the Debtor from
current and future projects it is awarded.

A copy of the Disclosure Statement is available at:

     http://bankrupt.com/misc/flsb17-13427-57.pdf

                     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.


BCP RENAISSANCE: Moody's Rates Proposed $1.2BB Secured Loan 'B1'
----------------------------------------------------------------
Moody's Investors Service assigned ratings to BCP Renaissance
Parent L.L.C. (BCP Renaissance), including a B1 Corporate Family
Rating (CFR), a B1 rating to its proposed $1.2 billion secured Term
Loan B due 2024 and a B1-PD Probability of Default Rating. The
outlook is stable.

Blackstone Energy Partners II L.P. and Blackstone Capital Partners
VII L.P. collectively ("Blackstone"), through BCP Renaissance, has
agreed to acquire a 49.9% interest in ET Rover Pipeline LLC ("ET
Rover") from Energy Transfer Partners, L.P. (ETP, Baa3 negative).
ET Rover is the holding company that owns a 65% interest in Rover
Pipeline LLC ("Rover"), the developer of the Rover Pipeline project
("Rover Pipeline"). ETP will hold the remaining 50.1% interest in
ET Rover (32.6% net), and is the operator and construction manager
of the project. Supplementing the $1.2 billion Term Loan B
proceeds, Blackstone has committed $555 million of equity to fund
the $1.57 billion acquisition, and its share of remaining
construction, interest during construction and reserve fund costs.
BCP Renaissance's only asset is its 49.9% joint venture interest in
ET Rover (32.4% net), the holding company developer of the Rover
pipeline, a 3.25 billion cubic foot (Bcf) per day natural gas
pipeline currently under construction, which will interconnect
Marcellus and Utica Shale natural gas production with Midwest, Gulf
Coast and Canadian markets.

"BCP Renaissance's B1 CFR reflects its non-operated ownership
position in the Rover pipeline, a strategic link which will provide
Marcellus and Utica basin natural gas producers with much needed
expanded geographic access beyond constrained local markets,
enhancing producer net-backs," commented Andrew Brooks, Moody's
Vice President. "While 98% of Rover's capacity is contracted on a
"take-or-pay" basis with nine natural gas producers over a
15.6-year weighted average contract life, the credit quality of the
contracted shippers on a weighted average basis is a weak Ba3. The
rating further reflects the elevated leverage the debt financing of
its investment in Rover represents, essentially a highly leveraged
holding company loan. However, whereas Rover has been subjected to
completion delays and cost increases, the joint venture agreement
between BCP Renaissance and ETP is structured to insulate BCP
Renaissance from these risks."

Assignments:

Issuer: BCP Renaissance Parent L.L.C.

-- Probability of Default Rating, Assigned B1-PD

-- Corporate Family Rating, Assigned B1

-- Senior Secured Bank Credit Facility, Assigned B1 (LGD 4)

Outlook:

-- Outlook is Stable

RATINGS RATIONALE

BCP Renaissance's B1 CFR is supported by the highly stable cash
flows which will be generated by Rover's firm transportation
contracts following its entry into full service, regardless of the
volumes that are actually transported through the pipeline.
Contracted volumes total over 98% of Rover's capacity, which have a
weighted average contract life of 15.6 years. However, only one of
Rover's nine contracted shippers is investment-grade rated, a
weakness reflected in the BCP Renaissance rating. Notwithstanding
the strong asset quality of a fully completed and in-service Rover
pipeline, BCP Renaissance will be carrying a heavy debt load
following the closing of the Term Loan B financing. Debt/EBITDA
will initially approximate 7.5x with Funds From Operations
(FFO)/debt falling well below 10%.

Rover's in-service date has slipped several months from its most
recent Phase 1 and Phase 2 dates of July and November 2017,
respectively. Slippage has been the result of a Federal Energy
Regulatory Commission (FERC) order in May halting horizontal
directional drilling (HDD) along the pipeline route, pending a
review of HDD protocol. HDD is critical element of the construction
program; the order to halt followed an inadvertent release of
significant quantities of drilling fluid at one of the HDD sites,
inserting an element of uncertainty into Rover's ultimate
in-service date and final cost. With FERC negotiations nearing
final resolution, Rover now expects to be fully operational in
2018's first quarter. Effective August 31, the FERC has permitted
ETP to allow phase 1A into service, a 212-mile Mainline portion of
Rover.

Blackstone has no obligation to fund beyond the $1.57 billion fixed
dollar amount of its investment in Rover, and the funding of any
incremental costs incurred to complete the project beyond its $4.35
billion budgeted amount will not dilute Blackstone's interest.
Moreover, Blackstone is protected against delays in the project's
Phase 2 in-service date should it extend beyond January 1, 2018
through a reduction in its purchase price in an amount which would
exceed the daily equivalent of the interest cost of the $1.2
billion BCP Renaissance Term Loan B.

The transport capacity afforded by the 3.25 Bcf per day Rover
pipeline furthers the process of opening up a broader North
American market for Marcellus and Utica natural gas, extending from
the US Gulf Coast to Ontario, Canada's Dawn Hub. Through interstate
pipeline interconnections and contractual transportation
arrangements on existing interstate pipeline systems, Rover will be
able to provide transportation service beyond its 713-mile
greenfield footprint. Supply laterals will directly connect with
over 5.5 Bcf per day of receipt point capacity. By providing
critical linkages beyond constrained local markets, Rover's
producer-shippers are expected to profitably realize enhanced
netbacks on their natural gas production, which frequently has
traded at a steep basis discount to Henry Hub. Producing over 24
Bcf per day as of August, low-cost Marcellus and Utica natural gas
production, about 30% of the US total, remains highly dependent on
transport infrastructure such as Rover to accommodate current
production and its future growth.

BCP Renaissance's leverage is expected to improve modestly
following Rover's in-service date from an initial level
approximating 7.5x, reflecting limited term loan amortization and a
cash flow sweep mechanism. Rover itself under the joint venture
agreement governing the ETP/Traverse partnership is required to
distribute all its free cash flow to its partners. BCP Renaissance
through its joint venture agreement with ETP has blocking rights
that prohibit certain actions at the Rover project level that could
be detrimental to BCP Renaissance lenders, including debt
incurrence (subject to a limited basket provision). Moody's does
not assume that any cash distributions received by BCP Renaissance
will be used for voluntary prepayment of term loan principal beyond
required sweep amounts, with leverage only dropping below 7x by
2020.

BCP Renaissance, without any partnership level banking facilities,
is entirely dependent on cash distributions from Rover for its
liquidity, buttressed by a six-month debt service reserve.

As the only debt proposed for BCP Renaissance's capital structure,
the Term Loan B is rated B1, consistent with the B1 CFR, in
accordance with Moody's Loss Given Default Methodology.

The outlook is stable based on what Moody's believes to be the
nearness of a resolution of the HDD standstill with the FERC, and
the insulation of BCP Renaissance from further Rover completion
delays and cost increases. Fully operational, if debt/EBITDA is
declining towards 5x and FFO/debt comfortably exceeds 10%, a rating
upgrade could be considered. A downgrade could occur should the
credit quality of Rover's contracted shippers deteriorates, or if
debt/EBITDA and FFO/debt do not show steady improvement. If Rover
were to experience completion delays beyond the end of 2018 risking
its firm customer contracts to be terminated or renegotiated, then
the ratings could be downgraded.

The principal methodology used in these ratings was Natural Gas
Pipelines published in November 2012.

BCP Renaissance Parent L.L.C. was formed by Blackstone Energy
Partners II L.P. and Blackstone Capital Partners VII L.P. as the
vehicle to acquire and finance Blackstone's investment in Energy
Transfer Partners, L.P.'s Rover natural gas pipeline.



BLUE MOON HOTEL: Taps Gelman & Pelesh as Accountant
---------------------------------------------------
Blue Moon Hotel & Swim Club, Inc. seeks approval from the U.S.
Bankruptcy Court for the Eastern District of Pennsylvania to hire
an accountant.

The Debtor proposes to employ Gelman & Pelesh, P.C. to prepare and
file its 2016 tax returns.  The firm required a $3,000 retainer to
be paid by the Debtor.

Jeffrey Pelesh, a certified public accountant and partner at Gelman
& Pelesh, disclosed in a court filing that he and other members of
the firm are "disinterested" as defined in section 101(14) of the
Bankruptcy Code.

The firm can be reached through:

     Jeffrey Pelesh
     Gelman & Pelesh, P.C.
     938 Lincoln Avenue, Suite 201
     Springfield, PA 19064
     Tel: 610-604-0232
     Fax: 610-604-0235

               About Blue Moon Hotel & Swim Club

Blue Moon Hotel & Swim Club, Inc. sought protection under Chapter
11 of the Bankruptcy Code (Bankr. E.D. Pa. Case No. 17-13938) on
June 5, 2017.  Reina G. Williams, president, signed the petition.

At the time of the filing, the Debtor estimated assets of less than
$50,000 and liabilities of less than $100,000.

Judge Jean K. Fitzsimon presides over the case.  The Law Office of
Jonathan H. Stanwood, LLC represents the Debtor as bankruptcy
counsel.


BNF REALTY BROOKLYN: Taps Brown Harris as Real Estate Broker
------------------------------------------------------------
BNF Realty Brooklyn, LLC seeks approval from the U.S. Bankruptcy
Court for the Eastern District of New York to hire a real estate
broker.

The Debtor proposes to employ Brown Harris Stevens Commercial Real
Estate, LLC to find a buyer of its rights under an option
agreement.  The agreement granted the Debtor an option to purchase
commercial properties located at 132 54th Street and 5412 2nd
Avenue, Brooklyn, New York.

Brown Harris will get a 4% commission at the closing of the sale.

David Sargoy, managing director of Brown Harris, 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. Sargoy
     Brown Harris Stevens
     Commercial Real Estate LLC
     770 Lexington Avenue, 4th Floor
     New York, NY 10065
     Phone: 212-508-7200

                 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.


BOART LONGYEAR: S&P Raises CCR to 'CCC+', Outlook Negative
----------------------------------------------------------
U.S.-based drilling services provider and manufacturer Boart
Longyear Ltd. has recently completed an exchange offer. However,
S&P still views Boart's capital structure as unsustainable over the
long-term.

S&P Global Ratings raised its corporate credit rating on Salt Lake
City-based Boart Longyear Ltd. to 'CCC+' from 'SD'. The outlook is
negative.

S&P said, "At the same time, we raised our issue-level rating on
the company's senior secured notes to 'CCC+' from 'D'. The recovery
rating is '3', indicating our expectation for meaningful (50% to
70%; rounded estimate: 50%) recovery in the event of a payment
default. In addition, we raised our issue-level rating on the
company's senior unsecured notes to 'CCC-' from 'D'. The recovery
rating is '6' indicating our expectation of negligible (0% to 10%;
rounded estimate: 0%) recovery in the event of a payment default.

"Our 'CCC+' corporate credit rating on Boart indicates our view
that despite the recent recapitalization, the company's capital
structure is unsustainable in the long term. Specifically, the
company is currently vulnerable and dependent upon favorable
business, financial, and economic conditions (such as increased
capital spending in the mining industry) to meet its financial
commitments in the long term.

"In addition, the negative outlook reflects our view that absent
material and sustained improvement in demand in Boart's end markets
we do not believe the company can sustain its current debt burden.
We expect Boart to generate adjusted debt to EBITDA of 16x to 20x
and EBITDA interest coverage of 0.5x to 0.7x over the next 12
months, which represent material credit constraints.

"The negative outlook reflects our view that we could envision a
default scenario in 2019 when Boart's capital structure begins
paying cash, rather than PIK, interest. Absent significant
improvements in EBITDA generation, we do not anticipate the company
to be able to cover all required interest payments. We expect Boart
to generate adjusted debt to EBITDA of 16x to 20x and EBITDA
interest coverage of 0.5x to 0.7x over the next 12 months.

"We could lower our ratings over the next six to 12 months by one
or more notches if we expected Boart to be unable to fund interest
and capital spending needs. While we do not anticipate this type of
liquidity concern to occur while Boart is paying PIK interest
through early 2019, we estimate that the company would need to
eventually increase EBITDA by approximately 25% above our forecast
in order to cover all capital spending and cash interest in 2019.
We could also lower the rating if we believed that a default,
distressed debt exchange, or some other form of capital
restructuring appeared to be inevitable within the next 12 to 18
months, absent unanticipated significantly favorable changes in the
company's circumstances.

"We consider an outlook revision to stable in the next 12 months to
be highly unlikely due to the company's high debt leverage,
relatively small size and scale, and continuing weak cash flow
generation. We could consider an outlook revision in the next 12
months if Boart were able to begin paying all interest with cash
and if it increased EBITDA interest coverage between 1x and 1.25x
on a sustained basis."


BOWMAN DAIRY: Seeks Authorization to Use Cash Collateral
--------------------------------------------------------
Bowman Dairy Farms LLC seeks authorization from the U.S. Bankruptcy
Court for the Southern District of Indiana to use cash collateral
in the ordinary course of business, in which the Debtor's secured
lenders Beacon Credit Union and potentially St. Henry Bank assert
liens.

The Debtor's senior secured lender is Beacon Credit Union, with an
estimated total outstanding debt of $11,982,060, has mortgages
filed against the Debtor's real property and improvements and
secured financing statements against substantially all the assets
of the Debtor.

The Debtor has a loan from St. Henry Bank with an outstanding
balance of approximately $935,000. St. Henry Bank filed a secured
financing statement asserting a lien in all equipment, inventory,
and accounts receivable then existing and "hereafter acquired" of
the Debtor for repayment.

The Debtor offers replacement liens in all postpetition assets of
the Debtor of the same kind and character as the assets in which
Beacon Credit Union held a prepetition security interest to the
extent of any diminution of the cash and cash equivalents in which
Beacon Credit Union held a security interest prior to the Petition
Date.

As the budget indicates, the Debtor is proposing to pay only those
usual and customary expenses of feed, labor, supplies, and
veterinary goods and services to preserve the value of the Debtor's
business and ensure the safety of employees and live animals.

The Initial Budget sets forth all projected cash receipts, sales,
and cash disbursements on a weekly basis for the time period
beginning on August 27, 2017, up through and including the week
ending December 2, 2017. It includes amounts representing certain
prepetition wages and associated payroll taxes. It reflects total
operating expenses in the aggregate sum of $1,541,361.

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

A copy of the Debtor's Budget is available at https://is.gd/peO9zy


                    About Bowman Dairy Farms

Bowman Dairy Farms LLC is a family-owned, member-managed Indiana
limited liability company that operates a grain and dairy farm
located at 2270 North County Road 900 East, Hagerstown, Indiana
47346. The member units in the Debtor are owned 50% by Trent Bowman
and 50% by Bennie Bowman. The Debtor's milk is sold to Dean Foods
for processing and Dean Foods pays the Debtor twice monthly for
milk purchases and for hauling services.

Bowman Dairy Farms filed a Chapter 11 petition (Bankr. S.D. Ind.
Case No. 17-06475) on Aug. 27, 2017.  The petition was signed by
Trent N. Bowman, member.  The Debtor is represented by Terry E.
Hall, Esq. at Faegre Baker Daniels LLP.  At the time of filing, the
Debtor estimated $10 million to $50 million in assets and
liabilities.

No trustee or examiner has been appointed, and no committee has yet
been appointed or designated.


BROOKWOOD ACADEMY: May Use Cash Collateral Until Sept. 20
---------------------------------------------------------
The Hon. Charles M. Caldwell of the U.S. Bankruptcy Court for the
Southern District of Ohio has granted Brookwood Academy, Inc.,
permission to use cash collateral of the U.S. Bank National
Association, until the conclusion of the final hearing.

The final hearing to consider the Debtor's use of cash collateral
will be held on Sept. 20, 2017, at 2:00 p.m. Eastern Daylight Time.
Objections to the cash collateral use must be filed by 4:00 p.m.,
Eastern Daylight Time on Sept. 18, 2017.

Cash collateral will be permitted to be used by or on behalf of
Debtor during the pendency of the court order only on these terms
and conditions:

     a. the Debtor will maintain its bank accounts at a federally
        insured depository institution;

     b. the Debtor will, upon receipt of cash collateral generated

        after the Petition Date, take or cause to be taken any and

        all action necessary to cause all of said cash collateral
        to be immediately deposited into a debtor in possession
        account;

     c. all bills, invoices and statements for necessary expenses
        incurred in connection with the operation of Debtor's
        business will be paid when due from the funds deposited or

        to be deposited in any debtor in possession account; and

     d. the Debtor will, for each month during the pendency of
        this proceeding, file with the Court financial reports as
        may be required by the Office of the U.S. Trustee at the
        time required under the rules of the Office of the U. S.
        Trustee.
Any cash collateral used by or on behalf of Debtor will be a debt
of Debtor, payable to U.S. Bank, as its interest may appear.
Further, to the extent of the value of cash collateral subject to
any respective established valid and subsisting interests of U.S.
Bank:

     a. the liens, if any, of U.S. Bank in cash collateral are
        hereby continued and re-granted and U.S. Bank will not be
        required to take any other action to perfect the lien(s)
        re-granted to it hereunder; and

     b. U.S. Bank, as its interest may appear, is granted liens
        and security interests in Debtor's accounts receivable,
        general intangibles and other revenues generated by the    
    
        operation of Debtor's business subsequent to the Petition
        Date, the proceeds thereof, and all collections thereof,
        to secure any reduction in the value of the cash
        collateral subject to any respective established valid and

        subsisting interest of U.S. Bank at the Petition Date, in
        the same priority in such assets comprising cash
        collateral as interest may have existed on the Petition
        Date.

In addition to the re-granting of liens in favor of U.S. Bank, the
Debtor will make interest-only payments to U.S. Bank as an
additional form of adequate protection.

A copy of the court order is available at:

            http://bankrupt.com/misc/ohsb17-55517-16.pdf

                    About Brookwood Academy Inc.

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.
Judge Charles M. Caldwell presides over the case.  At the time of
filing, the Debtor estimated $100,001 to $500,000 in assets and
$500,001 to $1 million in liabilities.  Richard K. Stovall, Esq.,
at Allen Kuehnle Stovall & Neuman LLP, is the Debtor's bankruptcy
counsel.




BROWNIE TAXI: Wants to Use BLUSA's Cash Collateral
--------------------------------------------------
Brownie Taxi LLC, et al., seek permission from the U.S. Bankruptcy
Court for the District of New Jersey to use cash collateral of
BLUSA to preserve its assets so as to maintain and maximize its
value for the benefit of all parties-in-interest.

In addition to the leasing taxicab medallion collateral, BLUSA
asserts a blanket lien on all or substantially all of the Debtors'
assets, including proceeds from the collateral.

In the present matter, the Debtors' secured creditor will be
adequately protected during the pendency of the Debtors' bankruptcy
cases.  Each medallion is valued at approximately $200,000.  Each
Debtor owns two medallions, both of which are alleged to be
collateral securing BLUSA's indebtedness.  There is nothing to
suggest that there will be any diminution in the value of BLUSA's
collateral during the reorganization process.  The Medallions,
unlike most types of collateral, will not depreciate as a result of
the use thereof.  Finally, BLUSA is also protected by the
guarantees of the Debtors' principal, Evgeny Freidman.

Although not required as a means to "adequately protect" BLUSA, on
a going-forward basis the Debtors are also agreeable to turning
over to BLUSA revenues it generates from the leasing of the
Medallions.  The Debtors receive $1,300 per month per medallion in
income.  The Debtors propose to pay $1,300 per medallion per month
to BLUSA in debt service payments while the case is pending,
provided BLUSA agrees to the terms of the proposed order (or other
terms as BLUSA and the Debtors agree).  If BLUSA is not agreeable
to the terms of the proposed order, the Debtors are prepared to
demonstrate that BLUSA is adequately protected without the debt
service payments and that the Debtors' use of the Medallions will
not result in any diminution in BLUSA's interest therein.

As adequate protection for use of the collateral, BLUSA will be
entitled to a replacement perfected security interest under 11
U.S.C. Section 361(2): (i) only to the extent such use results in a
diminution of its interest in the collateral; (ii) only to the
extent the pre-petition liens are valid; and (iii) with the same
priority in the post-petition collateral and proceeds thereof of
the Debtors that BLUSA held in the pre-petition collateral.

To the extent that the adequate protection provided through the
court order is insufficient to protect BLUSA's interest in the cash
collateral, BLUSA will have a super priority administrative expense
claim, pursuant to 11 U.S.C. Section 507(b), senior to any and all
claims against the Debtors under 11 U.S.C. Section 507(a)(2),
whether in this proceeding or in any succeeding proceeding, subject
only to fees of the U.S. Trustee.

On or before the 10th day of each calendar month (commencing in
September 2017), the Debtors will remit to BLUSA the Debt Service
Payments, which Debt Service Payments will total in the aggregate,
with respect to all of the Debtors, $28,600 per month.

A denial of the use of that collateral will severely harm the
Debtor at a critical time, effectively hindering its ability to
reorganize.  The Debtors are prepared to discuss with all of its
creditors the development of both a financial and operational
restructuring plan.  The authority to use the Medallions and any
alleged cash collateral (in accordance with the court order or as
otherwise permitted by the Court) will enable the Debtors to engage
in those discussions and accomplish their reorganization, while
operating in the ordinary course.

A copy of the Debtors' Motion is available at:

           http://bankrupt.com/misc/njb17-27507-7.pdf

                      About Brownie Taxi

Brownie Taxi LLC, et al., are in the business of owning, and in
most cases, leasing taxicab medallions.  Each Debtors' primary
asset are the two medallions issued by the New York City Taxi and
Limousine Commission. These Medallions permit the Debtors, and/or
its lessees and sublessees, to perform taxi services.

Brownie Taxi LLC (Bankr. D. N.J. Case No. 17-27507) and its
affiliates A&J Cab Corp. (Bankr. D. N.J. Case No. 17-27510),
Almanac Hacking Corp. (Bankr. D. N.J. Case No. 17-27514), Avignon
Taxi LLC (Bankr. D. N.J. Case No. 17-27522), Avit Trans Inc.
(Bankr. D. N.J. Case No. 17-27527), Butterscotch Taxi LLC (Bankr.
D. N.J. Case No. 17-27532), Portofino Taxi Inc. (Bankr. D. N.J.
Case No. 17-27534), Pupsik Hacking Corp. (Bankr. D. N.J. Case No.
17-27536) Shurik Taxi Corp. (Bankr. D. N.J. Case No. 17-27537),
Smores Taxi LLC (Bankr. D. N.J. Case No. 17-27538), and Soly Cab
Corp. (Bankr. D. N.J. Case No. 17-27540) filed for Chapter 11
bankruptcy protection on Aug. 29, 2017.  The petition was signed by
Evgeny A. Freidman, managing member.

The Debtors estimated their assets at between $100,000 and $500,000
and liabilities at between $1 million and $10 million.  

Hon. Vincent F. Papalia presides over the case.

Joseph J. DiPasquale, Esq., Thomas M. Walsh, Esq., and Robert S.
Roglieri, Esq., at Trenk, DiPasquale, Della Fera & Sodono, P.C.,
serve as the Debtors' bankruptcy counsel.


BURNINDAYLIGHT LLC: Case Summary & Unsecured Creditor
-----------------------------------------------------
Debtor: Burnindaylight LLC
        PO Box 24943
        Federal Way, WA 98093

Type of Business:     Burnindaylight LLC is a small business
                      debtor as defined in 11 U.S.C. Section
                      101(51D) and is engaged in activities
                      related to real estate.  The principal
                      place of business of Burnindaylight is
                      1215 182nd Ave E, Bonney Lake, WA 98391,
                      Pierce County.

NAICS (North American
Industry Classification
System) 4-digit code that
Best Describes Debtor: 5313

Chapter 11 Petition Date: September 13, 2017

Case No.: 17-43439

Court: United States Bankruptcy Court
       Western District of Washington (Tacoma)

Judge: Hon. Brian D Lynch

Debtor's Counsel: David C. Smith, Esq.
                  LAW OFFICES OF DAVID SMITH, PLLC
                  201 St Helens Ave
                  Tacoma, WA 98402
                  Tel: 253-272-4777
                  E-mail: ecf@davidsmithlaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Donald Sumpter, Jr., managing member.

The Debtor's list of 20 largest unsecured claims has a single
entry: Marla Ward, holding a claim of $42,180.

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

           http://bankrupt.com/misc/wawb17-43439.pdf


CALHOUN SATELLITE: CDS to Provide Payment Procedures
----------------------------------------------------
Upon the request of Newtek Business Credit d/b/a CDS and with the
consent of Calhoun Satellite Communications, Inc., Judge Thomas P.
Agresti of the U.S. Bankruptcy Court for the Western District of
Pennsylvania issued an order providing ancillary relief in
connection with the Debtor's Amended Motion to Use cash
Collateral.

Judge Agresti directed any entity owing on any obligation to the
Debtor to ignore any correspondence received from the Debtor during
the period from July 22, 2017 to present concerning or related to
the procedure to be followed for payment of such obligations.
Newtek Business Credit is authorized to send letters to any and all
such entities.

A full-text copy of the Order, dated August 29, 2017, is available
at https://is.gd/Y2mYQZ

              About Calhoun Satellite Communications

Calhoun Satellite Communications, Inc., operates a satellite
transmission business. Meanwhile, Transmission Solutions Group,
Inc., was formed solely to hold Calhoun's stock.  All of
Transmission's creditors hold identical claims against Calhoun.

Calhoun and Transmission sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D. Pa. Lead Case No. 17-23389) on Aug.
22, 2017.  Kevin Husband, its president, signed the petitions.

The Debtors estimated assets of less than $50,000 and liabilities
of $1 million to $10 million.


CASHMAN EQUIPMENT: Wants to Continue Use of Cash Collateral
-----------------------------------------------------------
Cashman Equipment Corporation, et al., seek permission from the
U.S. Bankruptcy Court for the District of Massachusetts to use cash
collateral to pay the expenses necessary to maintain their
businesses, maintain operations and preserve the value of their
assets.

There are 12 banks that may assert a lien on the cash collateral.

As reported by the Troubled Company Reporter on Aug. 28, 2017, the
Court previously authorized the Debtor to use through and including
Aug. 31, 2017, the cash collateral of (i) U.S. Secretary of
Transportation acting through the U.S. Maritime Administration;
(ii) Rockland Trust Company; (iii) Santander Bank, N.A.; (iv) Wells
Fargo, N.A.; (v) Citizens Asset Finance, Inc.; (vi) Banc of America
Leasing and Capital, LLC; (vii) U.S. Bank National Association
acting through its division U.S. Bank Equipment Finance; (viii)
KeyBank N. A.; (ix) Fifth Third Bank; (x) Radius Bank; (xi) Pacific
Western Bank; and (xii) Equitable Bank.

On the Petition Date, the total cash collateral was approximately
$5,977,000, consisting of cash of approximately $3,571,000 and
accounts receivable aged less than 120 days of approximately
$2,406,000.  As of Aug. 26, 2017, the total cash collateral was
approximately $7,185,000, consisting of cash of approximately
$3,955,000 and accounts receivable aged less than 120 days of
approximately $3,230,000, and representing an increase in cash
collateral of approximately $1,208,000 since the Petition Date.
The Debtors tell the Court that they will provide adequate
protection for the use of cash collateral in multiple ways,
including by continuing to preserve the value of the Fleet by
chartering, selling, insuring, repairing and maintaining the
vessels in the fleet, by the replacement liens and the additional
adequate protection liens, and by the equity cushion in the
Debtors' assets.

The vessels in the Fleet are located around the world, and without
the Debtors' continued operations to maintain the vessels, their
value will decline dramatically.  At the same time that the Debtor
is insuring, repairing and maintaining the vessels in the Fleet,
the Debtor will also be preserving their value and creating cash
collateral by chartering and selling the vessels.  The continued
preservation of the value of the vessels in the Fleet provides the
Lenders with adequate protection for the use of cash collateral.

The Debtors also propose to grant to each Lender replacement liens
on the same type of post-petition property of the Debtors' estates
against which such Lender held a lien as of the Petition Date.

As additional adequate protection for the use of cash collateral,
the Debtors propose to grant to the Lenders junior liens on the
vessels and certain equipment in the Fleet that are subject to
liens asserted by Lenders, other than those vessels and equipment
that are subject to liens asserted by Pacwest and MARAD.  Based on
the new appraisals, the additional adequate protection collateral
has an aggregate fair market value of approximately $291,480,000
and an orderly liquidation value of approximately $225,600,000.  As
of the Petition Date, the aggregate amount of claims secured by
liens asserted on the adequate protection collateral was
approximately $140,100,000, such that the equity in the additional
adequate protection collateral is approximately $123,000,000 based
on the fair market value and approximately $62,380,000 based on the
orderly liquidation value of the additional adequate protection
collateral.

The Debtors' budgeted expenses can generally be categorized into
these groups of expenses: (a) general and administrative expenses,
(b) fleeting expenses, (c) repair and maintenance expenses, and (d)
tug and tow expenses.  Fleeting expenses are expenses associated
with docking vessels when off charter and the expenses associated
with preparing the vessels for charter, and include expenses such
as pilotage, docking masters, mooring, coast guard fees, and harbor
dues.  Repair expenses are the ordinary costs of repairing the
Debtors' vessels when off charter in order to keep the vessels
seaworthy.  Tug and tow expenses are expenses associated with
moving the Debtors' vessels when they are off charter in order to
maintain, repair and prepare the vessels for charter.

The Debtors want to use cash collateral to preserve the value of
the Debtors' ongoing operations and assets, the jobs of the
Debtors' employees, and the value of the Debtors' bankruptcy
estates.  The use of cash collateral will enable the Debtors to pay
the obligations necessary to maintain their operations while they
pursue a reorganization, and to preserve the value of their
operations and assets, including accounts receivable.  Absent the
use of cash collateral, the Debtors would be required to cease
operations, resulting in, among other things, the forced
liquidation of their assets at a reduced return, the material
diminution in the value of their accounts receivable, and the
termination of the Debtors' employees.

A copy of the court order is available at:

          http://bankrupt.com/misc/mab17-12205-370.pdf

                  About Cashman Equipment Corp.

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

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

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

Judge Melvin S. Hoffman presides over the cases.

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

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


CASHMAN EQUIPMENT: Wins Interim Approval to Use Cash Collateral
---------------------------------------------------------------
The Hon. Melvin S. Hoffman of the U.S. Bankruptcy Court for the
District of Massachusetts has granted Cashman Equipment
Corporation, et al., permission to use cash collateral through and
including Sept. 14, 2017.

A hearing on the continued cash collateral use will be held on
Sept. 13, 2017, at 2:00 p.m. (prevailing Eastern Time).

These entities may assert liens on the Debtors' property and may
have an interest in the Debtors' cash collateral: (i) U.S.
Secretary of Transportation acting through the U.S. Maritime
Administration; (ii) Rockland Trust Company; (iii) Santander Bank,
N.A.; (iv) Wells Fargo, N.A.; (v) Citizens Asset Finance, Inc.;
(vi) Banc of America Leasing and Capital, LLC; (vii) U.S. Bank
National Association acting through its division U.S. Bank
Equipment Finance; (viii) KeyBank N.A.; (ix) Fifth Third Bank; (x)
Radius Bank; (xi) Pacific Western Bank; and (xii) Equitable Bank.

Each Lender is granted a replacement lien on the same type of
post-petition property of the Debtors' estates against which the
Lender held a lien as of the Petition Date.

A copy of the court order is available at:

          http://bankrupt.com/misc/mab17-12205-364.pdf

As reported by the Troubled Company Reporter on Aug. 28, 2017, the
Court authorized the Debtor to use through and including Aug. 31,
2017, the cash collateral of the Lenders.

                  About Cashman Equipment Corp.

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

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

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

Judge Melvin S. Hoffman presides over the cases.

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

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


CAST & CREW: Moody's Hikes CFR to B2; Outlook Stable
----------------------------------------------------
Moody's Investors Service upgraded its ratings on Cast & Crew
Payroll, LLC, upgrading the Corporate Family Rating ("CFR") to B2
from B3 and upgrading the Probability of Default Rating ("PDR") to
B2-PD from B3-PD. Moody's also assigned a B2 rating to the
company's proposed senior secured first lien credit facility,
comprised of a $495 million term loan and an undrawn $70 million
revolver. The rating action follows the company's recent
announcement that it plans to refinance its existing debt
structure, thereby transitioning to a single class of secured debt.
Upon completion of the bank debt refinancing, the ratings on the
company's presently outstanding debt will be withdrawn. The ratings
outlook is stable.

Moody's assigned the following ratings:

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

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

Moody's upgraded the following ratings:

  Corporate Family Rating, Upgraded to B2 from B3

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

  Outlook is Stable

RATINGS RATIONALE

The B2 CFR reflects Cast & Crew's entrenched position within its
niche market supported by long term customer relationships and
specialized industry expertise as a provider of technology-enabled
payroll processing, production accounting, and related services for
media production companies. The company's credit profile is also
bolstered by improving top-line and cash flow growth trends driven
by expanding production budgets among its clients. The ratings are
constrained by Cast & Crew's relatively small revenue base, high
though improved debt to EBITDA leverage, concentrated exposure to
the growing, but somewhat cyclical market for media productions,
and risks related to the company's ability to effectively manage
workers' compensation insurance claims.

Cast & Crew's very good liquidity position is supported by Moody's
expectation that the company will generate free cash flow of over
$45 million in FY18 to bolster its current pro forma cash balance
of $16 million following the completion of the debt refinancing.
Cast & Crew's liquidity is also enhanced by an undrawn $70 million
revolving credit facility. The proposed term loan is not subject to
a financial maintenance covenant while the revolving credit
facility has a springing covenant that is not expected to be in
effect over the next 12-18 months as excess availability should
remain comfortably above minimum levels.

The stable ratings outlook reflects Moody's projection for high
single digit organic revenue growth in FY18. Incremental film and
television content production spending in the entertainment
industry should continue to support Cast & Crew's top line
expansion. Moody's expects operating leverage benefits as well as a
relative stabilization in pricing to result in moderate improvement
in adjusted EBITDA margins during this period.

What Could Change the Rating - Up

The rating could be upgraded over the intermediate term if Cast &
Crew profitably expands its scale and increases annual free cash
flow to debt (Moody's adjusted) above 10% while adhering to
conservative financial policies of reducing debt and foregoing
equity distributions.

What Could Change the Rating - Down

The ratings could be lowered if Cast & Crew's revenue and EBITDA
contracts materially from current levels, free cash flow generation
weakens, debt leverage increases meaningfully, or the company
adopts aggressive financial policies.

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

Cast & Crew, majority owned by Silver Lake, is a leading provider
of technology-enabled payroll processing, production accounting
software, workers' compensation coverage, and related value-added
services to a large and growing base of clients across the
entertainment industry.


CENTENE CORP: Moody's Affirms Ba2 Sr. Debt Rating Amid Fidelis Deal
-------------------------------------------------------------------
Moody's Investors Service has affirmed the Ba2 senior debt rating
of Centene Corporation (Centene; NYSE: CNC) after the company
announced its intention to acquire substantially all the assets of
Fidelis Care New York (Fidelis, not rated) for $3.75 billion. The
insurance financial strength (IFS) ratings of Centene's operating
subsidiaries (see list below), all of which are rated Baa2, have
also been affirmed. The outlook on Centene remains stable.

Fidelis has approximately 1.6 million members and is the largest
Medicaid health plan in New York State, operating in all 62 New
York counties. It also provides Medicare Advantage products and
participates in New York's individual marketplace.

RATINGS RATIONALE

In affirming Centene's ratings, Moody's noted that, despite the
expected issuance of approximately $1.6 billion of debt to help
finance the acquisition, Fidelis has a modest impact on Centene's
credit profile. Overall leverage as measured by adjusted debt to
capital would actually improve modestly due to the issuance of $2.3
billion in equity. While the debt to EBITDA is expected to increase
to approximately 3.3x, Moody's expects that it would return to the
pre-acquisition level of around 2.6x or better in 12-18 month due
to EBITDA growth.

Moody's added that the Fidelis acquisition is credit positive for
Centene's business profile. The addition of New York-based Fidelis
will increase Centene's membership by approximately 13% to over 13
million and also expands its geographic diversity. The companies
have similar business models; Centene is among the leading Medicaid
insurers nationally and Fidelis is the leader in New York state.
Overall, Moody's believes integration risk is manageable and far
simpler than the recent integration of Health Net, a larger and
more complicated company.

Centene's credit strengths include the following: its good
reputation in the Medicaid market, which has been a growth engine
for the industry in recent years; its strong unregulated cash flow
supported by growing specialty businesses; and the ability to
effectively manage the medical loss ratio.

Centene's credit challenges include the following: political risk
in the Medicaid and individual market if healthcare reform efforts
are revived; relatively weak parent cash flow coverage of interest
expense; the greater reliance on full risk business relative to its
larger peers leaves Centene more vulnerable to unexpected increases
in medical trend; elevated business risks related to its
acquisition strategy.

RATINGS DRIVERS

Factors that could lead to an upgrade include the following:
financial leverage with Moody's adjustments maintained at 40% or
below; risk-based capital at the company action level (CAL)
maintained above 180%; a further reduction in the Medicaid
concentration along with reduced reliance on full risk membership;
and membership above 15 million.

Factors that could lead to a downgrade include the following:
risk-based capital level falls to 165% of CAL or below. EBITDA
margins fall consistently below 3.5%; membership declines of over
10% the next two-to-three years; and if debt to EBITDA is sustained
at 3.5x or higher.

The following ratings were affirmed:

  Centene Corporation -- senior unsecured debt rating at Ba2;
corporate family rating at Ba2; senior unsecured shelf debt rating
at (P)Ba2; subordinated debt shelf rating at (P)Ba3; preferred
stock (cumulative and non-cumulative) shelf rating at (P)B1.

  Coordinated Care Corp. Indiana, Inc. -- insurance financial
strength rating at Baa2;

  Health Net of California, Inc. -- insurance financial strength
rating at Baa2;

  MHS Health Wisconsin -- insurance financial strength rating at
Baa2;

  Peach State Health Plan, Inc. -- insurance financial strength
rating at Baa2;

  Superior HealthPlan, Inc. -- insurance financial strength rating
at Baa2;

  Bankers Reserve Life Insurance Company of Wisconsin -- insurance
financial strength rating at Baa2.

Outlook Actions:

Issuer:
Centene Corporation
Coordinated Care Corp. Indiana, Inc.
Health Net of California, Inc.
MHS Health Wisconsin
Peach State Health Plan, Inc.
Superior HealthPlan, Inc
Bankers Reserve Life Insurance Company of Wisconsin

-- Outlook, Remains Stable

Centene Corporation is headquartered in St. Louis, Missouri.
Through June 30, 2017, it posted revenues of $23.7 billion and had
11.8 million medical members, including 6 million that were
acquired in the Health Net acquisition. The company operates in 28
states and 2 international markets.

Moody's insurance financial strength ratings are opinions of the
ability of insurance companies to pay punctually senior
policyholder claims and obligations.

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


CENTENE CORP: S&P Affirms 'BB+' Longterm ICR Amid Fidelis Deal
--------------------------------------------------------------
Centene Corp. has announced that it's signed a definitive agreement
to acquire substantially all of the assets of New York
government-sponsored managed care insurer Fidelis Care for $3.75
billion. Based on the targeted funding mix, S&P expects Centene's
credit protection measures to remain relatively similar to existing
levels and for its business profile to remain strong.

As a result, S&P Global Ratings said it affirmed its 'BB+'
long-term issuer credit rating on Centene Corp., its 'BBB+'
financial strength rating on Centene's rated operating
subsidiaries, and its 'BB+' rating on its unsecured debt. The
outlook is stable.

S&P Said, "The affirmation reflects our view that Centene's credit
protection measures will remain relatively steady following its
acquisition of Fidelis and that its business profile will remain
strong.

"The stable outlook on Centene reflects our expectation that the
company will maintain its strong competitive position while it
continues to grow and diversify, especially in the
government-sponsored markets. We expect the integration of Fidelis
to be smooth, without any meaningful execution issues. On both a
stand-alone basis in 2017 and a pro forma combined basis in
2018-2019, we expect an EBIT return on revenue (ROR) of 2.5%-4.5%.
We forecast financial leverage to remain elevated but decline
year-over-year to about 40% over the next two years. We expect
consolidated GAAP capitalization to improve through earnings
growth, showing slight 'BBB' redundancies over the next couple of
years, with consolidated statutory RBC levels still near 350%.

"We could lower our ratings if the funding mix changes materially
based on market conditions and leverage post-transaction
deteriorates meaningfully above current levels; or if we believe
the company will not successfully reduce leverage to about 40%
either due to a more-aggressive financial policy or lower earnings.
We could also lower our ratings in the next 12 to 24 months if EBIT
ROR declines to, and remains at, less than 2%, or if capitalization
deteriorates so that 'BBB' deficiencies are sustained above 15% of
total adjusted capital.

"Although unlikely, we could raise our ratings in the next 12 to 24
months if consolidated capitalization improves to material 'BBB'
redundancies (above 15%) along with financial leverage below 40%
and sustained profitable growth and diversification. We would also
need to see no material capital or earnings volatility from
potential health-care reform and the company's concentration in
government-sponsored managed care."


CHINA FISHERY: CFG Trustee Taps Epiq as Administrative Agent
------------------------------------------------------------
The Chapter 11 trustee for CFG Peru Investments Pte. Limited
(Singapore) seeks approval from the U.S. Bankruptcy Court for the
Southern District of New York to hire Epiq Bankruptcy Solutions,
LLC as administrative agent.

The firm will provide these services in connection with CFG Peru's
bankruptcy case:

     (a) assist in the solicitation, balloting, tabulation and
         calculation of votes, and in the preparation of reports
         necessary to obtain confirmation of a plan of
         reorganization;

     (b) prepare an official ballot certification and testify, if
         necessary, in support of the ballot tabulation results;
         and

     (c) assist, if necessary, with claims reports, claims
         objections, claims reconciliation and related matters.

The hourly rates charged by the firm are:

     Clerical/Administrative Support      $25 – $45
     IT/Programming                       $65 – $85
     Case Managers                       $65 – $145
     Consultants/Directors/VPs          $155 – $165
     Solicitation Consultant                   $190
     Executive VP, Solicitation                $215
     Executives                           No charge

Brian Karpuk, director of Epiq's consulting services, 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:

     Brian Karpuk
     Epiq Bankruptcy Solutions LLC
     777 Third Avenue, 12th Floor
     New York, New York 10017

            About China Fishery Group Limited (Cayman)

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

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

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

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


COMPETITION ACCESSORIES: CA Buying All Assets for $1M Credit Bid
----------------------------------------------------------------
Competition Accessories, LLC, asks the U.S. United States
Bankruptcy Court for the Southern District of Indiana to authorize
its bidding procedures and its Asset Purchase Agreement with CA
Acquisition, LLC in connection with the sale of substantially all
assets for $1,000,000 credit bid, subject to overbid.

A hearing on the Motion is set for Oct. 5, 2017 at 10:00 a.m.
(PET).  The objection deadline is Oct. 4, 2017.

The Debtor was formed in 2014 by the contribution of two separate
online sellers of powersports parts and accessories.  One of the
its predecessors, S.W.T. Ecommerce, Inc., which contributed the
website cheapcycleparts.com, was and is owned primarily by Chris L.
McCarty, who became the Debtor's manager and who owns its landlord,
Chris McCarty Co., LLC under the Debtor's Lease of the premises of
the Debtor's headquarters at 900 Eastern Boulevard, Clarksville,
Indiana.  The other of the Debtor's predecessors, Naples Direct,
LLC, which contributed the website compacc.com, was and is owned by
Naples Ventures, LLC.  Ventures extended to the Debtor a $500,000
line of credit and took and perfected a security interest in
substantially all the Debtor's assets to secure the loan.

As a result of the Debtor's formation, Ecommerce and Direct became
the members of the Debtor (owning 58.3% and 41.7% of its membership
units, respectively), and Ventures became its secured creditor.
Thereafter, the Debtor consumed the funds available to it under the
aforementioned line of credit, and, in July 2015, Ventures
facilitated a second loan to the Debtor from Morgan Stanley Bank,
N.A., and pledged a portfolio of securities as collateral.

By December 2016, the Debtor had exhausted the $2.75 million
available to it under the Morgan Stanley Loan, in part by its
ill-fated acquisition of a third website, cruisercustomizing.com,
and became unable to pay its bills as they came due.  Prior to the
Petition Date, the Debtor accumulated an obligation of nearly $3.5
million to Ventures, its only secured creditor, which obligation
was secured by all of its prepetition assets.

In May 2017, after an informal restructuring plan failed, with
suits having been filed against the Debtor by vendors, and with
Ventures facing the nonconsensual liquidation of the collateral it
pledged to secure the Morgan Stanley Loan, the Debtor, Ecommerce,
and Ventures and Direct commenced negotiations which resulted in
the Debtor's filing of the chapter 11 case, which, due to
supermajority provisions in its operating agreement, could not have
been initiated without the consent of both Ecommerce and Direct.

Those negotiations resulted in an agreement that, inter alia,
Ventures would make a credit bid for all the Debtor's assets in the
form of the Stalking Horse APA, and McCarty Co. would waive its
right to demand a cure of the delinquency accumulated under the
Lease through August 2017 (an amount no less than $338,000) in the
event that the stalking-horse bid by Ventures or its designee
prevailed.

If Ventures prevails, it intends to cause the subsidiary it
established to acquire the Debtor's assets, the Proposed Purchaser,
to retain Mr. McCarty as its manager.  There will be continuity of
management, employees, information systems, and customer privacy
protections.  The new owner will be owned by Ventures, as Direct is
now, and so will have no greater access to customer' personally
identifiable information than Direct does now.

Ventures is undersecured to a tremendous extent.  It is owed
approximately $2,925,000, and has a perfected security interest
covering all the Debtor's prepetition assets.  In contrast, the
Debtor estimates the liquidation value of its assets to be
approximately $750,000.  

In light of the vast amount by which the Debtor's secured debt to
Ventures exceeds the value of its assets, and because McCarty Co.
is under no obligation to waive the delinquency owed it by the
Debtor in the event that the Debtor's assets are sold to an outside
bidder, and further because the sale of the Debtor's assets to a
buyer not presently affiliated with the Debtor would likely require
the appointment of a consumer privacy ombudsperson, and would
entail significant associated expense, the Debtor has not
specifically marketed the sale of its assets to parties other than
Ventures.  It believes that, due to the fierce competition among
online powersports retailers which prevails in today's marketplace,
such measures would be unavailing and a waste of estate assets.
The Debtor asks that the Court forbear from the appointment of a
consumer privacy ombudsperson unless and until a Qualified Bid
superior to the Stalking Horse APA is received.

Despite the Debtor's assessment that no cash bidder would be found
to compete with the terms offered under the Stalking Horse APA, the
Debtor proposes that bids be taken rather than that its assets be
sold by private sale, and believes that if any prospective bidder
were to emerge, it would be nearly as likely to be identified and
solicited by the Debtor's unsecured creditors as it would by other
means of publication.

The salient terms of the Stalking Horse APA and Bidding Procedures
are:

          a. Assets to be Sold: All the Debtor's assets excluding
causes of action arising under chapter 5 of the Bankruptcy Code and
any funds held by the Debtor's attorneys in which the Debtor
retains an equitable interest.

          b. Bid Deadline: Oct. 26, 2017 at 5:00 p.m. (PET)

          c. Purchase Price: The purchase price will be determined
by the purchaser in accordance with the Bid Procedures.  Ventures
offers $1,000,000, to be paid by means of a credit bid, by which a
portion of the secured claim of Ventures will be offset against
such purchase price.

          d. Terms: The sale is on an "as is, where is" basis; and
free and clear of all liens, mortgages, taxes, claims, and levies
of any kind except (i) those which the Stalking Horse APA
specifically identifies as Assumed Liabilities and Permitted
Encumbrances, principally unpaid administrative claims associated
with the chapter 11 case; and (ii) the cure claim of McCarty Co.

          e. If and only if the Stalking Horse APA or a subsequent
overbid by Ventures is approved, McCarty Co. will waive its right
to the cure of the amounts owed to it through Aug. 31, 2017, under
its Lease agreement with the Debtor.

          f. Any proposed overbid must, in order to qualify as a
Qualified Bid under the terms of the Bid Procedures, be accompanied
by a nonrefundable Deposit to 10% of the proposed purchase price.

          g. Ventures is believed to be the only lien holder whose
lien would be avoided in connection with the Sale.

          h. The only executory contract to be assumed or rejected
in connection with the sale is the Lease with McCarty Co.

          i. Ventures is (i) the 100% owner of the proposed
purchaser, and, as described more fully in the First-Day
Declaration, (ii) the 100% owner of Direct, which owns 41.7% of the
membership units of the Debtor, and (iii) the largest creditor and
the only secured creditor of the Debtor.

          j. If the Stalking Horse APA is approved, the Proposed
Purchaser is anticipated to have the following relationships with
insiders of the Debtor: (i) the Proposed Purchaser will be owned by
a subsidiary of the owner of one of the Debtor's members; (ii) the
Proposed Purchaser will rent its premises from an affiliate of one
of the Debtor's members; (iii) the Proposed Purchaser will obtain
certain inventory from an affiliate of one of the Debtor's members;
and (iv) the Proposed Purchaser will be managed by the owner of one
of the Debtor's members.

          k. No break-up fee is proposed if another bidder prevails
at the sale.

          l. No other entity expressed to the Debtor an interest in
the purchase of all or a material portion of the Debtor's assets in
the 90 days prior to the filing of the Motion.

          m. The Assets to be sold do contain personally
identifiable information.

          n. The Debtor will file the schedules and statements
required by Bankruptcy Rule 1007 substantially contemporaneously
with the filing of the Motion.  No creditors' committee or the
equivalent existed prior to the Petition Date.

          o. Auction: The Auction will take place on Nov. 2, 2017,
commencing at 1:00 p.m. (PET) at the offices of Counsel for Debtor,
William P. Harbison, Seiller Waterman, LLC, 462 South Fourth
Street, Suite 2200, Louisville, Kentucky 40202.  In the absence of
objection to the results of the Auction, the Court may enter an
order approving the Sale as early as Nov. 7, 2017.

          p. Permitted Attendees at Auction: Unless otherwise
ordered or directed by the Court, only the Debtor, Ventures,
Proposed Purchaser, any other parties invited specifically by the
Debtor, and any Qualifying Bidders (and the representatives for
each of the foregoing) will be entitled to attend the Auction.

          q. The bidding will commence with the announcement of the
Proposed Purchaser's opening bid of $1,000,000.

          r. Any Qualifying Bidder may then submit a successive bid
of not less than $1,100,000.

          s. Minimum Overbid Amount: $25,000

          t. Closing: No later than Nov. 9, 2017

          u. Sale Objection Deadline: Nov. 6, 2017

The Debtor asks approval of the Proposed Notice.  Objections to the
Motion must be filed no later than the day before the Oct. 5, 2017,
hearing on the Motion.  Thereafter, the Notice Parties and other
prospective bidders will have 21 additional days, until Oct. 26,
2017, to submit a Qualified Bid pursuant to the Bid Procedures.

A copy of the Stalking Horse APA and the Bidding Procedures
attached to the Motion is available for free at:

http://bankrupt.com/misc/Competition_Accessories_55_Sales.pdf

The Debtor asks the Court to waive the 14-day stay of effectiveness
of the Order approving the Sale contemplated by Bankruptcy Rules
6004(h) and 6006(d).

The Purchaser:

          COMPETITION ACCESSORIES, LLC
          8477 Bay Colony Drive, No. 502
          Naples, FL 34108
          Attn: Robert DiRomualdo
          E-mail: BDiRomualdo@naplesventures.com

The Purchaser is represented by:

          James M. Jenkins, Esq.
          HARTER SECREST & EMERY LLP
          1600 Bausch & Lomb Place
          Rochester, NY 14604
          Facsimile: (585) 232-2152
          E-mail: jjenkins@hselaw.com

                 About Competition Accessories

Formed in 2014, Competition Accessories, LLC, doing business as
cheapcycleparts.com, formerly doing business as
cruisercustomizing.com, and doing business as compacc.com --
http://www.competitionaccessories.com/;
http://www.cheapcycleparts.com/-- is a seller of motorcycle parts
and accessories with its principal place of business being 900
Eastern Boulevard, Clarksville, Indiana 47129.  The Company has
been shipping motorcyclists their motorcycle helmets, motorcycle
jackets, gloves, boots and other motorcycle accessories for over 50
years.

Competition Accessories sought Chapter 11 protection (Bankr. S.D.
Ind. Case No. 17-91310) on Aug. 29, 2017, estimating assets in the
range of $500,000 to $1 million and  $1 million to $10 million in
debt.  The petition was signed by Chris L. McCarty, manager.

Judge Basil H. Lorch, III, is assigned to the case.

The Debtor tapped Neil C. Bordy, Esq., and William P. Harbison,
Esq., at Seiller Waterman, LLC, as counsel.


COMPETITION ACCESSORIES: Seeks Permission to Use Cash Collateral
----------------------------------------------------------------
Competition Accessories, LLC, seeks authorization from the U.S.
Bankruptcy Court for the Southern District of Indiana to use cash
and cash equivalents in which Naples Ventures, LLC may assert an
interest.

The Debtor believes that the sole party asserting an interest in
its cash collateral is Ventures, the parent of Naples Direct, LLC.
As of the Petition Date, the Debtor was indebted to Ventures in the
approximate aggregate amount of $2,950,000, fully secured by a lien
that encumbers substantially all of the Debtor's prepetition
assets, including the cash collateral.

The Debtor submits that it needs to utilize prepetition collateral,
including the cash collateral in order to operate during this
chapter 11 case and thereby maintain the value of the Debtor's
business as a going concern and prevent harm to the Debtor's
employees and customers.

The Debtor claims that as a retailer, its inventory turns over
rapidly and must be continuously replenished to fulfill new
customer orders. As such, without the immediate use of the cash
collateral, the Debtor further claims that it would be unable to
pay operating expenses, including, without limitation, amounts
coming due to vendors, employee payroll and fringe benefits,
utilities, and the various other parties with which the Debtor does
business. The Debtor adds that without immediate use of the cash
collateral, its cash funds would be exhausted almost immediately.

As and for adequate protection, the Debtor proposes:

     (a) to grant to Ventures and its assignees valid and
automatically perfected first-priority replacement security
interests and liens in the amount equal to the Debtor's use of the
Cash Collateral on all property acquired by the Debtor after the
Petition Date, except only causes of action which the Debtor may
possess under chapter 5 of the Bankruptcy Code; and

     (b) to pay to Ventures and its assignees monthly adequate
protection payment of $7,313.

At Ventures insistence, and as a condition of Naples Direct's
consent, the Debtor further requests that any order granting the
Debtor's use of cash collateral will require that rent payments to
the Debtor's landlord, McCarty Co., LLC, will not be made if a full
adequate protection payment to Ventures has not been made
previously during the calendar month in question.

A full-text copy of the Debtor's Motion, dated Aug. 24, 2017, is
available at https://is.gd/ELLS4J

                 About Competition Accessories

Competition Accessories -- http://www.competitionaccessories.com/
and http://www.cheapcycleparts.com/-- is a seller of motorcycle
parts and accessories in Clarksville, Indiana.  The Company has
been shipping motorcyclists their motorcycle helmets, motorcycle
jackets, gloves, boots and other motorcycle accessories for over 50
years. Its principal place of business is 900 Eastern Boulevard,
Clarksville, Indiana 47129.

Competition Accessories, LLC, doing business as
cheapcycleparts.com, formerly doing business as
cruisercustomizing.com, doing business as compacc.com filed a
Chapter 11 petition (Bankr. S.D. Ind. Case No. 17-91310) on Aug.
29, 2017.  The petition was signed by Chris L. McCarty, manager.
The case is assigned to Judge Basil H. Lorch III.  The Debtor is
represented by Neil C. Bordy, Esq. and William P. Harbison, Esq.,
at Seiller Waterman LLC.  At the time of filing, the Debtor had
$500,000 to $1 million in estimated assets and $1 million to $10
million in estimated liabilities.

No official committee of unsecured creditors has been appointed,
and no request for appointment of a chapter 11 trustee or examiner
has been made.


CONCHO RESOURCES: Moody's Rates New 2027/2047 Unsec. Notes Ba1
--------------------------------------------------------------
Moody's Investors Services assigned a Ba1 rating to Concho
Resources Inc.'s proposed senior unsecured notes due 2027 and 2047.
The proceeds from the proposed notes issuance, together with cash
on hand and borrowings under its credit facility, are expected to
be used to fund the purchase of its $600 million senior unsecured
notes due 2022 and $1,550 million senior unsecured notes due 2023
pursuant to a proposed tender offer and the redemption of any notes
that remain outstanding after completion or termination of the
tender offer. All other ratings for the company, including its Ba1
Corporate Family Rating (CFR), remain unchanged. The outlook
remains positive.

"The new notes issuance meaningfully helps Concho's debt maturity
profile," commented Arvinder Saluja, Moody's Vice President.
"Moody's expects any revolver drawings to be repaid over time using
internally generated cash flows and proceeds from future non-core
asset sales."

Assignments:

Issuer: Concho Resources Inc.

-- Senior Unsecured Regular Bond/Debenture, Assigned Ba1(LGD4)

RATINGS RATIONALE

The proposed senior unsecured notes are rated Ba1, at the same
level as the Ba1 CFR and the existing senior unsecured note, due to
the unsecured nature of the company's capital structure. Concho's
senior unsecured notes are no longer contractually subordinated to
its $2 billion revolving bank credit facility due 2022 following
the security fall-away event.

Concho's Ba1 CFR reflects its position as a significant producer in
the Permian Basin with a large drilling inventory, oil focused
production mix, good hedging program and competitive cost structure
that will support leading cash margins and good cash flow
generation even in a weak commodity price environment. Importantly,
its improving production scale and leverage, interest coverage, and
cash flow metrics are largely in line with other strong Ba-rated
peers. The rating incorporates both Concho's strategy, which has
been to grow its reserve base both organically and with
acquisitions, and its history of using internal cash flow
generation, asset sales and equity offerings to reduce debt.
Geographic concentration risks associated with all operations being
in a single hydrocarbon basin are high but the Permian Basin
remains one of the most prolific oil producing regions in North
America.

The positive outlook reflects Moody's expectations for successful
execution of its production growth objectives at competitive costs
leading to an improving leveraged full-cycle ratio even in a
challenging commodity price environment. The outlook also
incorporates Moody's expectations that Concho will continue
building its track record of maintaining low leverage and a
conservative financial policy while keeping capital spending within
cash flow. A rating upgrade could be considered if average daily
production approaches 200,000 boe and RCF / debt remains above 50%,
while maintaining a leveraged full-cycle ratio above 1.5x. Moody's
could downgrade the ratings if RCF / debt falls below 20% or if
there is a meaningful increase in debt.

The principal methodology used in these ratings was Independent
Exploration and Production Industry published in May 2017.

Concho Resources Inc. is an independent exploration & production
(E&P) company headquartered in Midland, Texas with operations in
the Permian Basin of Southeast New Mexico and West Texas.


DATASTARUSA INC: Can Use Cash Collateral on Interim Basis
---------------------------------------------------------
The Hon. Brenda T. Rhoades of the U.S. Bankruptcy Court for the
Eastern District of Texas authorized DataStarUSA, Inc., to use on
an interim basis the cash collateral and proceeds in which the
Internal Revenue Service asserts a lien position in accordance with
the provisions in the Budget.

The approved operating budget during the period from Aug. 25, 2017
to September 25, 2017 provides total expenses of approximately
$45,278.

The IRS is granted replacement liens, to the extent of any
diminishment in the value of the IRS' interest in such cash
collateral, in accordance with its existing priority.

A hearing will be held on Sept. 26, 2017 at 9:30 a.m. to determine
if the Debtor's authorization to use cash collateral should be
continued, modified or terminated.

A full-text copy of the Order, dated Aug. 29, 2017, is available at
https://is.gd/y4Mmy3

                     About DataStarUSA Inc.

DataStarUSA, Inc., provides construction products and services.  It
is a small business debtor as defined in 11 U.S.C. Section
101(51D).

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. E.D. Texas Case No. 17-41826) on August 24, 2017.  Jon
Marshall, president, 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.

The Debtor is represented by Eric A. Liepins, Esq. at Eric A.
Liepins, P.C.    


DBSI INC: 9th Circuit Upheld Sentences for Swenson, et al.
----------------------------------------------------------
Jack Newsham, writing for Bankruptcy Law360, reports that the U.S.
Court of Appeals for the Ninth Circuit upheld the prison sentences
of four men -- DBSI boss Douglas Swenson and his sons David and
Jeremy, and DBSI counsel, Mark Ellison -- for their role in the
Ponzi scheme perpetuated in DBSI Inc.

Douglas got a 20-year sentence while his sons got 3-year sentences.
Mr. Ellison got a 5-year sentence.  They got their convictions in
2014, and have appealed the sentences accordingly.

The Ninth Circuit, in its August 2017 decision, found the
appellants guilty of the crimes they were convicted of, Law360
cites.

                       About DBSI Inc.

Headquartered in Meridian, Idaho, DBSI Inc. and its affiliates were
engaged in numerous commercial real estate and non-real estate
projects and businesses.  On Nov. 10, 2008, and other subsequent
dates, DBSI and 180 of its affiliates filed for Chapter 11
protection (Bankr. D. Del. Lead Case No. 08-12687).  DBSI estimated
assets and debt between $100 million and $500 million as of the
Chapter 11 filing.

Lawyers at Young Conaway Stargatt & Taylor LLP serve as the
Debtors' bankruptcy counsel.  The Official Committee of Unsecured
Creditors
tapped Greenberg Traurig, LLP, as its bankruptcy counsel.  Kurtzman
Carson Consultants LLC is the Debtors' notice claims and balloting
agent.

Joshua Hochberg, a former head of the Justice Department fraud
unit, served as an Examiner and called the seller and servicer of
fractional interests in commercial real estate an "elaborate shell
game" that "consistently operated at a loss" in his report released
in October 2009.  McKenna Long & Aldridge LLP was counsel to the
Examiner.

On Sept. 11, 2009, the Honorable Peter J. Walsh entered an Order
appointing James R. Zazzali as Chapter 11 trustee for the Debtors'
estates.  On Oct. 26, 2010, the trustee won confirmation of the
Second Amended Joint Chapter 11 Plan of Liquidation for DBSI,
paving the way for it to pay creditors and avoid years of expensive
litigation over its complex web of affiliates.  The
plan, which was declared effective Oct. 29, 2010, was co-proposed
by DBSI's unsecured creditors committee.

Pursuant to the confirmed Chapter 11 plan, the DBSI Real Estate
Liquidating Trust was established as of the effective date and
certain of the Debtors' assets, including the Debtors' ownership
interest in Florissant Market Place was transferred to the RE
Trust.  Mr. Zazzali and Conrad Myers were appointed as the
post-confirmation trustees.  Messrs. Zazzali and Myers are
represented by lawyers at Blank Rime LLP and Gibbons P.C.


DIFFUSION PHARMACEUTICALS: Reports $20.4-Mil. Net Income for Q2
---------------------------------------------------------------
Diffusion Pharmaceuticals Inc. filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing
net income of $20.38 million for the three months ended June 30,
2017, compared to a net loss of $3.80 million for the three months
ended June 30, 2016.

For the six months ended June 30, 2017, Diffusion reported a net
loss of $8.25 million compared to a net loss of $10.02 million for
the six months ended June 30, 2016.

As of June 30, 2017, Diffusion had $33.90 million in total assets,
$32.73 million in total liabilities and $1.16 million in total
stockholders' equity.

The Company has not generated any revenues from product sales and
has funded operations primarily from the proceeds of private
placements of its membership units, convertible notes and
convertible preferred stock.  Substantial additional financing will
be required by the Company to continue to fund its research and
development activities.  No assurance can be given that any such
financing will be available when needed or that the Company's
research and development efforts will be successful.

Research and development expenses for the second quarter of 2017
were $1.2 million, compared with $1.4 million for the second
quarter of 2016.  This decrease was attributable to lower expenses
related to animal toxicology studies, partially offset by an
increase in API and drug manufacturing costs.

General and administrative expenses for the second quarter of 2017
were $1.8 million, compared with $2.3 million for the second
quarter of 2016.  The decrease was primarily attributable to lower
professional fees, partially offset by an increase in salary and
salary-related expenses.

The Company recorded a loss from operations of $3.0 million for the
second quarter of 2017, compared with a loss from operations of
$3.8 million for the second quarter of 2016.  The narrowed
operating loss reflects lower research and development expenses, as
well as lower general and administrative expenses.

The Company recognized a non-cash gain of $23.4 million in the
second quarter of 2017 related to the change in fair value of
warrant liabilities, which was attributable to a decrease in the
fair market value of the Company's common stock during the period.
This non-cash gain resulted in net income for the second quarter,
which is not indicative of ongoing operations.

Net cash used in operating activities for the first half of 2017
was $6.2 million, compared with $7.5 million during the first half
of 2016.

In April 2017 the Company received the remaining $8.3 million
related to its Series A financing and as of June 30, 2017, the
Company had cash and cash equivalents of $7.4 million and a
certificate of deposit of $10.0 million.

At the Company's annual meeting of stockholders on June 15, 2017,
stockholders approved a potential offering of up to $20.0 million
of shares of the Company's Series B convertible preferred stock,
$0.001 par value per share, at a price of $2.10 per share, with
each share of Series B Preferred Stock being initially convertible
into one share of its common stock, subject to adjustment.  For
each share of Series B Preferred Stock purchased in the offering,
the investor will receive a five-year warrant to purchase one share
of common stock with an exercise price of $2.31.  There is no
assurance the Company will successfully close such an offering at
such terms due to the current trading price of its common stock or
for any other reason.

David Kalergis, chairman and chief executive officer of Diffusion
Pharmaceuticals, stated, "During the second quarter we made solid
progress in advancing preparations for a planned Phase 3 trial of
TSC in newly diagnosed inoperable GBM patients, and are on track to
complete a protocol review in the third quarter of 2017. Assuming
FDA sign-off on the final protocol design, we plan to begin
enrolling patients into the study by the end of 2017."

"We have engaged a premier contract research organization to
conduct the Phase 3 study and entered into agreements with top-tier
partners to manage the MRI imaging, clinical data management, drug
supply and other functions related to the trial," Mr. Kalergis
added.  "We completed a major production run of TSC and now have
sufficient quantity of the drug to support the entire Phase 3
trial."

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

                      https://is.gd/1N7owX

                About Diffusion Pharmaceuticals

Diffusion Pharmaceuticals, as surviving entity in its merger with
RestorGenex, is a clinical stage biotechnology company focused on
extending the life expectancy of cancer patients by improving the
effectiveness of current standard-of-care treatments including
radiation therapy and chemotherapy.  Diffusion is developing its
lead drug, trans sodium crocetinate (TSC), for use in the many
cancer types in which tumor hypoxia (oxygen deprivation) is known
to diminish the effectiveness of current treatments.  TSC targets
the cancer's hypoxic micro-environment, re-oxygenating
treatment-resistant tissue and making the cancer cells more
vulnerable to the therapeutic effects of treatments such as
radiation therapy and chemotherapy, without the apparent addition
of any serious side effects.  TSC has potential application in
other indications involving hypoxia, such as stroke and
neurodegenerative diseases.

Diffusion reported a net loss of $18.03 million for the year ended
Dec. 31, 2016, compared to a net loss of $6.71 million for the year
ended Dec. 31, 2015.  

KPMG LLP, in McLean, Virginia, 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, has limited resources available to fund
current research and development activities, and will require
substantial additional financing to continue to fund its research
and development activities.  These conditions raise substantial
doubt about its ability to continue as a going concern.


EAGLE'S NEST: Business Income to Fund Reorganization Plan
---------------------------------------------------------
Eagle's Nest Holistic Mental Health Inc. filed with the U.S.
Bankruptcy Court for the District of Kansas a disclosure statement
to accompany its plan of reorganization, a full-text copy of which
is available at:

     http://bankrupt.com/misc/ksb17-20956-39.pdf

Any class of Claims which is paid in cash in full on the Effective
Date or is paid to the agreed terms of its contract is not impaired
under the Plan and is conclusively presumed to have accepted the
Plan. All other classes of Claims are impaired and are entitled to
vote on the Plan if they receive any distribution under the Plan.
Any class that receives no distribution under the Plan is
conclusively presumed to vote against the Plan, provided that such
class is not comprised solely of insiders.

Class 3 consists of two general unsecured creditors -- BHG Credit
Card and Lending Club. Class 3 is impaired and will vote on the
plan.

The Plan payments will be funded from the income earned by the
business.

                       About Eagle's Nest

Eagle's Nest Holistic Mental Health, Inc. sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. D. Kan. Case No.
17-20956) on May 24, 2017.  At the time of the filing, the Debtor
estimated assets of less than $100,000 and liabilities of less than
$1 million.  The Debtor tapped Phillips & Thomas LLC as counsel and
Dan L. Williams & Company, INc., as accountant.


ENGY GROUP: Taps BVA Group as Financial Advisor
-----------------------------------------------
The Engy Group, LLC seeks approval from the U.S. Bankruptcy Court
for the Southern District of Texas to hire BVA Group Restructuring
and Advisory LLC as its financial advisor.

The firm will provide these services in connection with the
Debtor's Chapter 11 case:

     (a) reviewing and analyzing the Debtor's financials, assets,
         and operational data;

     (b) understanding the financial implications of existing
         contractual arrangements and obligations with lenders,
         investors, vendors, advisors, consultants and customers;

     (c) assisting the Debtor in the preparation of financial
         projections and updating those projections as required;

     (d) advising the Debtor regarding the development and
         implementation of a Chapter 11 plan;

     (e) assisting the Debtor in managing key stakeholders,
         including communications and meetings with, and requests
         for information made by creditor constituents;

     (f) assisting the Debtor in the preparation of a 13-week cash

         budget and updates thereto as needed;

     (g) assisting the Debtor in the preparation of schedules and
         statements;

     (h) supporting the Debtor and counsel in pursuing equitable
         subordination, recharacterization or lender liability
         claims as needed;

     (i) providing expert testimony as necessary;

     (j) assisting the Debtor in arranging debtor-in-possession
         financing; and

     (k) preparing marketing materials for selling some or all
         assets of the Debtor to investors as needed.

The firm's customary hourly rates are:

     Jeffrey Anapolsky      $650
     Dave Matthiesen        $525
     Alex Clinton           $475
     Justin Peden           $400
     Financial Analysts     $350

BVA Group received a $10,000 partial retainer on September 1 that
was paid by an unaffiliated non-debtor.

Jeffrey Anapolsky, managing director of BVA Group, disclosed in a
court filing that his firm is a "disinterested person" as defined
in section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Jeffrey Anapolsky
     BVA Group Restructuring and Advisory LLC
     1000 Louisiana Street, Suite 6925
     Houston, TX 77002
     Phone: 713-457-3125
     Email: janapolsky@bvagroup.com
     Email: info@bvagroup.com

                         About Engy Group

Engy Group is private equity investment and energy management firm.
It owns 94% of the equity units in Texas Engy Drums, LLC, a Texas
limited liability company, and 100% of the equity units in Engy
Belvoir Ventures LLC, a Texas limited liability company.  Other
investors own the remaining 6% of the equity interests in Engy
Drums.

The Engy Subsidiaries in turn own interests in Engy Southwest
Container Products, Inc., a steel drum production business; Engy
Belvoir Healthcare LLC, owner of a loan and option to buy a
hospital; and Mowery Plant, LLC, the entity that owns the land and
the physical plant at which the steel drums are produced.

The Engy Group, LLC filed a Chapter 11 petition (Bankr. S.D. Tex.
Case No. 17-34848), on August 8, 2017.  The Petition was signed by
Francois-Stanislas Bellon, manager.  The case is assigned to Judge
Marvin Isgur. The Debtor is represented by Kyung Shik Lee, Esq. at
Diamond McCarthy LLP.  At the time of filing, the Debtor had
estimated both assets and liabilities between $10 million to $50
million.

No committee or trustee has been appointed in the Debtor's case.


ENGY GROUP: Taps Diamond McCarthy as Legal Counsel
--------------------------------------------------
The Engy Group, LLC seeks approval from the U.S. Bankruptcy Court
for the Southern District of Texas to hire legal counsel in
connection with its Chapter 11 case.

The Debtor proposes to employ Diamond McCarthy LLP to, among other
things, give legal advice regarding its duties under the Bankruptcy
Code; negotiate with creditors; assist in seeking approval to use
cash collateral; and prepare a bankruptcy plan.

The firm's standard hourly rates range from $365 to $750 for
partners and counsel, $265 to $320 for associates, and $140 to $260
for paralegals and support staff.  The attorneys who will be
handling the case are:

     Kyung Lee         $750
     Charles Rubio     $420
     Michael Fritz     $320

Diamond McCarthy received a pre-bankruptcy retainer from the
Debtor's principal Francois-Stanislas Bellon in the sum of $25,000,
including the filing fee of $1,717.

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

Diamond McCarthy can be reached through:

     Kyung S. Lee, Esq.
     Charles M. Rubio, Esq.
     Diamond McCarthy LLP
     Two Houston Center
     909 Fannin, 37th Floor
     Houston, TX 77010
     Tel: (713) 333-5100
     Fax: (713) 333-5199
     Email: klee@diamondmccarthy.com
     Email: crubio@diamondmccarthy.com

                         About Engy Group

Engy Group is private equity investment and energy management firm.
It owns 94% of the equity units in Texas Engy Drums, LLC, a Texas
limited liability company, and 100% of the equity units in Engy
Belvoir Ventures LLC, a Texas limited liability company. Other
investors own the remaining 6% of the equity interests in Engy
Drums.

The Engy Subsidiaries in turn own interests in Engy Southwest
Container Products, Inc., a steel drum production business; Engy
Belvoir Healthcare LLC, owner of a loan and option to buy a
hospital; and Mowery Plant, LLC, the entity that owns the land and
the physical plant at which the steel drums are produced.

The Engy Group, LLC filed a Chapter 11 petition (Bankr. S.D. Tex.
Case No. 17-34848) on August 8, 2017.  The Petition was signed by
Francois-Stanislas Bellon, manager. The case is assigned to Judge
Marvin Isgur.  The Debtor is represented by Kyung Shik Lee, Esq. at
Diamond McCarthy LLP.  At the time of filing, the Debtor had
estimated both assets and liabilities between $10 million to $50
million.

No committee or trustee has been appointed in the Debtor's case.


FARMHAND SUPPLY: To Pay Rabo $25K in 4 Installments Under New Plan
------------------------------------------------------------------
Farmhand Supply, LLC, filed with the U.S. Bankruptcy Court for the
Eastern District of Missouri a fifth amended plan of
reorganization.

Class 3 under the latest plan consists of the secured claims of
Rabo AgriFinance LLC, formerly known as Rabo Agrifinance, Inc.
arising under the Credit Agreement dated August 16, 2013 by and
between John Dale Murphy and Linda Jo Murphy, as married spouses,
Farmhand Supply, LLC, J Murphy Farms, James Howard Murphy and Janet
Murphy, as married spouses, and Murphy Farms as amended from time
to time thereafter.

As of July 31, 2017, the Allowed Secured Claims of Rabo is in the
aggregate amount of $10,243,000.32. The aggregate amount was not
provided in the fourth amended plan.

For purposes of the Plan only, Rabo's Class 3 Allowed Secured
Claims will be paid in several ways, including:

   (1) Farmhand Installment Payments. On or before each of July 15,
2017, Oct. 16, 2017, Jan. 15, 2018 and April 15, 2018, Farmhand
Supply, LLC will pay $25,000 to Rabo. Rabo shall apply each
installment payment to the outstanding balance due under the LOC -
1 Loan in its sole and absolute discretion;

   (2) Murphy Payment. On or before March 1, 2018, Borrowers will
pay $388,000 to Rabo. Rabo shall apply the Murphy Payment first to
interest, then to reasonable attorneys'
fees and costs incurred and then to the unpaid principal of such
outstanding Loans as Rabo chooses in its sole and absolute
discretion;

   (3) Maturity Date and Maturity Date Payment. The Maturity Date
for the Class 3 Allowed Secured Claims is March 1, 2019. On or
before March 1, 2019, the Borrowers shall pay to Rabo the
outstanding balance of the Class 3 Allowed Secured Claims,
including unpaid principal and unpaid interest accrued thereon,
together with attorneys' fees and other charges incurred under the
Loans, Loan Documents and Collateral Documents.

Class 5 consists of the claims of the general unsecured creditors
of Debtor whose claims are guaranteed by John and Linda Murphy,
debtors in pending Bankruptcy Case No. 16-10684.  Allowed and
approved claims of the Class 5 creditors will be paid as follows:

     (a) the Debtor will pay 10% of each Class 5 creditor's
         allowed and approved claims on May 15, 2018; another 10%
         on May 15, 2019, and another 10% on May 15 of 2020, 2021,

         2022, 2023, 2024 and 2025, until eight total payments of
         10% are made, totaling 80% of each Class 5 creditor's
         allowed and approved claim.  As a condition prior to
         payment, proofs of claim by the Class 5 creditors will be

         filed by Aug. 31, 2017, and will include a copy of
         documentation of the Farmhand debt by John Murphy and
         Linda Murphy;

     (b) if the Debtor does not pay any payment by the due date,
         Debtors John and Linda Murphy in Case No. 16-10684 will
         pay that payment within 60 days of receiving written
         notice to do so by the Class 5 creditor; and

     (c) once payments totaling 80% of each of the allowed and
         approved claims have been paid, the Class 5 claims will
         be deemed to be satisfied.

Class 6 general unsecured claims will be paid by paying 80% of the
total amount of the allowed and approved claim of each claimant as
follows: 10% to each creditor being paid each year for the eight
years starting with June 1, 2018, and then 10% or before June 1,
2019; 10% on or before June 1, 2020; 10% on or before June 1, 2021;
and 10% on or before June 1, 2022, 2023, 2024 and 2025.  The Class
6 claims will be considered paid in full after all eight payments
are made.  

As a condition prior to payment, proofs of claim by the Class 6
creditors will be filed by Aug. 31, 2017.  If objections are filed
to any proof of claims filed by a Class 5 or Class 6 creditor and
the objection has not been ruled upon when the first distribution
to such Class 5 or Class 6 creditor is due, all distributions to
those unsecured creditors shall be withheld and reserved until
rulings become final and not subject to further appeal or review.
At that time, all withheld distributions will be paid as
established by the resolutions between the conflicting parties or
by rulings of the Court.  Objections to presently filed Proofs of
Claim will be filed by Aug. 20, 2017.  Objections to other proofs
of claim will be filed by 30 days after the proof of claim is
filed.

The Debtor will continue to operate its stores.  At all times, the
Debtor will continue to own, operate, use and possess all its
property. The Debtor shall be free to solicit additional capital
investors after Confirmation but said investor shall not be paid
any share of profits or have his investment repaid if same would
impair the ability of Debtor to meet the obligations as set out in
this Plan.

The previous plan asserted that the Debtor knows of no preferences
and does not intend to pursue any preference payments. There were
no repossessions by unsecured creditors in the applicable period
prior to the bankruptcy being initiated. Therefore, Debtor does not
intend to pursue any claim arising from any repossession.

A copy of the Fifth Amended Plan of Reorganization is available
at:

    http://bankrupt.com/misc/moeb16-10742-79.pdf

                   About Farmhand Supply LLC

Farmhand Supply, LLC, filed for Chapter 11 bankruptcy protection
(Bankr. E.D. Mo. Case No. 16-10742) on Sept. 9, 2016, estimating
assets and liabilities of less than $50,000.  J. Michael Payne,
Esq., at Limbaugh, Russell, Payne & Howard, serves as the Debtor's
bankruptcy counsel.

On January 6, 2017, the Debtor filed a disclosure statement, which
explains its proposed Chapter 11 plan of reorganization.


FINJAN HOLDINGS: Incurs $6.75 Million Net Loss in Second Quarter
----------------------------------------------------------------
Finjan Holdings, Inc. filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
to common stockholders of $6.75 million on $2.31 million of
revenues for the three months ended June 30, 2017, compared to a
net loss to common stockholders of $4.58 million on $6.52 million
of revenues for the three months ended June 30, 2016.

Finjan reported net income to common stockholders of $9.19 million
on $27.05 million of revenues compared to a net loss to common
stockholders of $5.74 million on $8.84 million of revenues for the
six months ended June 30, 2016.

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.

As of June 30, 2017, the Company had $39.9 million of cash and cash
equivalents, an increase of $26.2 million from $13.7 million at
Dec. 31, 2016.  This is primarily attributable to $25.0 million
received from financing activities, $14.9 million provided by
operating activities and $0.1 million investment proceeds, offset
by $13.8 million net cash used in financing activities to redeem
and retire Series A Preferred Stock.

Based on current forecasts, management believes that the Company's
cash and cash equivalents will be sufficient to meet its
anticipated cash needs for working capital for at least the next 12
months from the date of filing of this quarterly report.  Such
forecasts include approximately $5.9 million of licensing revenue
to be received by March 31, 2018, under existing contracts.  The
Company may, however, encounter unforeseen difficulties that may
deplete our capital resources more rapidly than anticipated.

"If we need additional funding, either debt or equity, to support
our licensing and enforcement activities, planned research and
development activities and to better solidify our financial
position, it may not be available on favorable terms, or at all.
Under such circumstances, if we are unable to obtain additional
funding on a timely basis, the Company may be required to curtail
or terminate some or all our business plans," said the Company in
the regulatory filing.

Financial Highlights for the Second Quarter of 2017

   * Raised $15.3 million in financing through Series A-1
     Preferred Share Offering

   * Raised $13.0 million through public offering of 4.1 million
     common shares

   * Ended the quarter with $39.9 million in cash or approximately

     $1.72 per share

   * Redeemed and retired remaining $6.6 million or 39,733 shares
     of original Series A Preferred Shares

   * Revenues of $2.3 million, a net loss from operations of $2.8

     million or $0.12 per share

   * Operating expenses increased to approximately $5 million due
     to upcoming trials

"During the second quarter we accessed the capital markets during a
peak in our momentum by raising more than $28 million.  We did this
through two separate transactions; a Series A-1 Preferred Financing
again through Halcyon and Soryn and a common share offering
facilitated by B. Riley," said Phil Hartstein, president and CEO of
Finjan Holdings.  "As we enter the second half of 2017, there are a
number of significant catalysts ahead including multiple litigation
and licensing revenue events and the upcoming launch of
VitalSecurityTM Gen4 through our subsidiary Finjan Mobile.  Time
and again, Finjan's portfolio has been proven durable through
several jury verdicts and dozens of administrative challenges.
Given these outcomes, we have deepened our relationship with
outside counsel as we take a more decisive stance in enforcing
Finjan's patent rights.  With a strong balance sheet we continue to
execute our strategic objectives while pursuing opportunities to
drive future growth."

IP Licensing and Enforcement:

   * New license and go-to-market mobile partnership with Avira

   * Currently active in more than 30 licensing negotiations, in
     various stages

   * Initiated patent infringement lawsuit against SonicWall

Enforcement Update and Schedule:

August 2017
-----------

   * Fireeye (4:13-cv-03133-SBA) - mediation at JAMS on August 24

   * Cisco (17-cv-00072-BLF) - mediation at JAMs on August 30
  
September 2017
--------------

   * Blue Coat Systems I (5:13-cv-04398-BLF) - CAFC hearing
     scheduled for September 8

   * ESET (3:16-cv-003731-JD) - Markman hearing scheduled for
     September 24

October 2017
------------

   * ESET Germany trial date set for October 5, 2017

   * Blue Coat Systems II (5:15-cv-03295-BLF) – Trial date set
for
     October 30

November 2017
-------------

   * Blue Coat Systems III (EP 0965094B1 - 4cO57/16) - Germany
     trial date set for November 27

2018

   * Fireeye - Markman hearing scheduled for January 18

   * Symantec (3:14-cv-02998-HSG) - Trial date set for April 9

Emerging Mobile Security Business:

   -- Announced Go-to-Market partnership with Avira

   -- Mobile Secure Browser downloads increase to 180,000

   -- Launched VitalSecurity Gen3.7 in June featuring tracker and
      ad-blocking

   -- VitalSecurity Gen4.0, a premium offering with a VPN,
      expected to launch in September

Advisory Services Business:

  -- CybeRiskTM continues to establish its advisory services
     pipeline of engagements

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

                     https://is.gd/0uJEVn

                         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.


FLEXERA SOFTWARE: S&P Alters Outlook to Neg on Term Loan B Add-On
-----------------------------------------------------------------
S&P Global Ratings revised its outlook on Itasca, Ill.-based
Flexera Software LLC to negative from stable. At the same time, S&P
affirmed the 'B' corporate credit rating on the company.

S&P said, "We also affirmed our 'B' issue-level rating on the
company's $25 million revolving credit facility and the upsized
first-lien term loan. The '3' recovery rating on this debt
indicates our expectation for meaningful (50%-70%; rounded estimate
of 55%) recovery in the event of a payment default.

"We also affirmed our 'B-' issue-level rating on the company's $125
million second-lien term loan. The '5' recovery rating on this debt
indicates our expectation for modest (10%-30%; rounded estimate of
10%) recovery in the event of a payment default."

Flexera Software LLC plans to issue a $130 million add-on to its
existing first-lien term loan B to fund the acquisition of Mountain
View, Calif.-based BDNA Corp.

"The negative outlook reflects our updated view of Flexera's
financial risk profile, with pro forma adjusted leverage around the
high 9x area after the close of the BDNA acquisition, which is
higher than our previous downgrade threshold of the mid-9x area,"
said S&P Global Ratings credit analyst Minesh Shilotri.


FREDERICKSBURG PARK: Court Stops Use of Cash Collateral
-------------------------------------------------------
The Hon. Keith L. Phillips of the U.S. Bankruptcy Court for the
Eastern District of Virginia has granted Telegraph Hill
Investments, LLC, and David D. Horstick's request to prohibit
Fredericksburg Park, LLC, from using their joint cash collateral.

Within 10 days of the entry of the Aug. 30, 2017, the Debtor will
turn over all cash collateral accrued to DuretteCrump, PLC.  The
Debtor will continue to segregate all cash collateral and turnover
accrued cash collateral every 90 days to DurretteCrump, PLC.

A copy of the Order is available at:

            http://bankrupt.com/misc/vaeb17-32287-59.pdf

As reported by the Troubled Company Reporter on June 2, 2017, THI
and Mr. Horstick filed a motion asking the Court to prohibit the
use of their joint cash collateral.  THI and Mr. Horstick said that
they have communicated to the Debtor that they do not consent to
the Debtor's use of their cash collateral.

The Debtor's schedules indicate that it owns seven parcels of real
property in the City of Fredericksburg that were assembled for a
mixed-use development and that it receives rental income from the
Real Estate.  THI and Mr. Horstick are affiliated parties, and they
have liens against the real estate to secure money owed to them by
the Debtor.  The notes that secure THI and Mr. Horstick's liens
matured in February 2017 but were not paid by the Debtor.  THI
commenced foreclosure proceedings against the Real Estate, and the
foreclosure sale was scheduled for May 2, 2017.  Within a few hours
of the scheduled foreclosure sale, the Debtor filed this case,
seeking protection under Chapter 11 of the U.S. Bankruptcy Code.

                    About Fredericksburg Park

Based in Stafford, Virginia, Fredericksburg Park LLC sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Va.
Case No. 17-32287) on May 2, 2017.  Andrew S. Garrett, president of
Garrett Development Corporation, manager, signed the petition.  

The Debtor estimated its assets and debt at $1 million to $10
million.

The case is assigned to Judge Keith L. Phillips.  

The Debtor hired Chung & Press P.C. and Goodall, Pelt, Carper &
Norton P.C., as legal counsel.


GCP APPLIED: S&P Alters Outlook to Pos. & Affirms 'BB-' CCR
-----------------------------------------------------------
S&P Global Ratings affirmed its 'BB-' corporate credit rating and
revised the outlook on GCP Applied Technologies Inc. to positive
from stable.

S&P said, "We also raised the issue-level rating on the company's
unsecured notes to 'BB-' from 'B+' and revised the recovery rating
to '4' (30%-50%; rounded estimate: 40%) from '5'.

"At the same time, we affirmed the 'BB+' issue-level rating, with a
'1' recovery rating (90%-100%; rounded estimate: 95%) on GCP's
senior secured revolving credit facility. We are withdrawing the
ratings on the senior secured term loan because it has been fully
repaid."

The outlook revision reflects GCP Applied Technologies'
significantly improved credit metrics following a significant debt
reduction, which more than offsets the loss in EBITDA from the
divestiture of its Darex Packaging Technologies segment. In July
2017, GCP Applied Technologies completed the sale of its Darex
Packaging Technologies business to Henkel AG & Co. KgaA for gross
proceeds of approximately $1.05 billion. GCP has used the proceeds
to fully repay its term loan, put cash on its balance sheet, and is
expected to pay down the revolver balance by year-end (this would
represent more than a 40% reduction in book debt compared with June
2017 levels). S&P expects that GCP will look to enhance its
position as a construction products technologies company by using
the remainder of the proceeds to pursue bolt-on acquisitions,
similar to the May 2017 acquisition of Stirling Lloyd PLC, a
producer of liquid waterproofing and coatings products.

S&P said, "The positive outlook reflects our expectation that GCP's
credit metrics will continue to remain strong for the rating
following a significant reduction in debt using proceeds from the
sale of Darex in mid-2017. We expect EBITDA margins in the mid- to
high-teens-percentage area as a result of the company's ongoing
transition to a more focused construction products technologies
company along with our expectation for continued gradual
improvement in the housing markets. We expect management to
maintain prudent financial policies regarding acquisitions and
shareholder rewards that support the ratings. Pro forma for the
sale of Darex, we expect the company to sustain FFO to debt around
20%-30% over the next 12 months.

"We could upgrade GCP within the next 12 months if credit metrics
improve from forecasted expectations, such that FFO to debt exceeds
30% for a sustained period. Given the current cash balances, credit
metrics in 2017 will be well above this level although we expect
metrics will fall more in line with our expectations as the company
deploys the cash to pursue acquisitions. We could also raise the
rating if new product initiatives such as the Verifi technology
lead to EBITDA margins expanding over 200 basis points (bps)
compared with our base case scenario. We could also raise the
ratings should the company's new focus on repair-and-replace
technology in addition to new construction technology yield greater
profitability than we currently expect.

"We could revise the outlook to stable within the next 12 months if
the company is unable to offset the loss of the Darex business
through acquisitions that we believe will improve the company's
business risk profile. The Darex business was seen as providing a
measure of stability to the company's operating results, and thus
the company's EBITDA might be inherently more volatile and less
predictable. In our downside scenario, we could revise the outlook
if weaker operating conditions lead to revenues contracting more
than 400 bps for a sustained period, driven by a downturn in the
cyclical building or construction markets. We could also revise the
outlook in the event of a transformational acquisition that the
companyfinances with significant portions of debt. In this
scenario, credit metrics would deteriorate such that pro forma FFO
to debt would drop below 20%."


GERARD BOEH: Wants to Continue Use of Huntington Cash Collateral
----------------------------------------------------------------
Gerard Boeh Flowers, Inc., seeks permission from the U.S.
Bankruptcy Court for the Western District of Pennsylvania to
continue using cash collateral.

The Huntington National Bank is the Debtor's senior secured lender.
Huntington maintains a lien on all of the Debtor's property and
assets including all cash and cash collateral.  

The Debtor says that without consensual use of the cash collateral,
or approval of the use of cash collateral over the objection of
Huntington, the Debtor cannot operate its business and the Debtor
must cease its operations.

According to the Debtor, it has negotiated with the counsel for the
Huntington the terms of an acceptable cash collateral court order.


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

          http://bankrupt.com/misc/pawb17-22621-42.pdf

As reported by the Troubled Company Reporter on Dec. 5, 2016, the
Court authorized the Debtor to use cash collateral of Huntington,
which made loan and advances to the Debtor pursuant to the terms of
two promissory notes, and security agreements securing all of the
Debtor's assets and commercial security agreement in favor of the
bank.  The Debtor had agreed to make an initial adequate protection
payment on or prior to entry of the Order, in the amount of $2,701
in certified funds, and to make monthly adequate protection
payments in the amount of $1,000 per month, on each promissory
note, starting Nov. 1, 2016.

                    About Gerard Boeh Flowers

Gerard Boeh Flowers, Inc., sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. W.D. Pa. Case No. 17-22621) on June 27,
2017.  Gerard E. Boeh, president, signed the petition.  At the time
of the filing, the Debtor estimated assets of less than $50,000 and
liabilities of less than $500,000.  Stanley A. Kirshenbaum, Esq.,
in Pittsburgh, Pennsylvania -- sak@saklaw.com -- serves as counsel
to the Debtor.


GOD'S UNIVERSAL: Latest Plan Proposes to Sell Property for $1.45MM
------------------------------------------------------------------
God's Universal Kingdom Christian Church, Inc., filed with the U.S.
Bankruptcy Court for the District of Maryland a second amended
disclosure statement in connection with its second amended plan of
reorganization, dated August 31, 2017.

This latest filing states that once the Debtor determined that it
could not afford to sustain the cost of operating its church
building it sought advice from a licensed real estate professional
to assist it in determining the value of the property. NAI Michael,
a respected commercial real estate brokerage located in Lanham,
Maryland inspected the property and offered an opinion in March of
2016 that the property could be listed for sale at approximately
$2,650,000. It was believed that this was a reasonable valuation
for the property.

In October of 2016, when the Chapter 11 was filed, relying on the
opinion of value, it began the marketing process. The Sales Agent
appointed by the Court also advised the Debtor and listed the
property for sale in the suggested price range. After attracting no
interest in the property the Debtor in consultation with its
appointed sales agent began to reduce the listing price by
increments of $100,000 periodically until the true market price for
the property could be identified. This process resulted in the
property currently being listed for sale at $1,700,000.

The current advertised price has now generated serious interest
from four different entities.

The Debtor has structured its Second Amended Chapter 11 Plan to
bring this marketing effort and negotiations to a conclusion within
90 days after the entry of a Confirmation Order, recognizing that
if it has not procured a contract for the sale of its real property
capable of being closed within 60 days after ratification of the
contract, then the Debtor would place the property with a qualified
auctioneer to sell the property at public auction at a reserve
price of $1,450,000. It believes that the reserve price is an
amount that is less than the current market value of the property
and if sold at that minimum price it would yield sufficient
proceeds to fund the Plan.

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

     http://bankrupt.com/misc/mdb16-21952-55.pdf

              About God's Universal Kingdom

God's Universal Kingdom sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Md. Case No. 16-21952) on Sept. 6, 2016.
The petition was signed by Jennifer Robinson, treasurer.  

The case is assigned to Judge Wendelin I. Lipp.  Michael G. Wolff,
Esq., at Goren, Wolff & Orenstein, LLC, serves as the Debtor's
bankruptcy counsel.

At the time of the filing, the Debtor disclosed $2.66 million in
assets and $924,570 in liabilities.


GORDMANS STORES: Debtor's Plan Set for Hearing on Oct. 19
---------------------------------------------------------
BankruptcyData.com reported that the U.S. Bankruptcy Court issued
an order conditionally approving Gordmans Stores' Disclosure
Statement and scheduling an October 19, 2017 hearing to consider
final approval and confirmation of the Company's Joint Plan of
Liquidation.  According to documents filed with the Court, "The
Plan contemplates a liquidation of each of the Debtors and their
Estates and is therefore referred to as a 'plan of liquidation.'
The primary objective of the Plan is to maximize the value of
recoveries to all Holders of Allowed Claims and Allowed Interests
and to distribute all property of the Estates that is or becomes
available for distribution generally in accordance with the
priorities established by the Bankruptcy Code. The Plan
Administrator shall act for the Debtors in the same fiduciary
capacity as applicable to a board of managers and officers, subject
to the provisions hereof. On the Effective Date, the authority,
power, and incumbency of the persons acting as managers and
officers of the Debtors shall be deemed to have resigned, and a
representative of the Plan Administrator shall be appointed as the
sole manager and sole officer of the Debtors and shall succeed to
the powers of the Debtor's managers and officers. On the Effective
Date, the Plan Administrator Assets shall vest automatically in the
Plan Administrator free and clear of all Liens, claims,
encumbrances, and other interests. The Plan proposes to fund the
distribution to Holders of Allowed Claims against the Debtors with
the Debtors' Cash on hand, the Sale Proceeds, all Causes of Action
not previously settled, released, or exculpated under the Plan, the
Debtors' rights under the Purchase Agreement and Agency Agreement,
and the Plan Administrator Assets."

                       About Gordmans Stores

Founded in 1915, Gordmans Stores, Inc. — http://www.gordmans.com/
-- is a retail company engaged in the sale of apparel, home goods,
and other merchandise.

Then with 106 stores in 22 states, Gordmans Stores and five
affiliates sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. Neb. Lead Case No. 17-80304) on March 13, 2017,
disclosing $274 million in assets and $131 million in liabilities.

The cases are assigned to Judge Thomas L. Saladino.

The Debtors engaged Patrick J. Nash, Jr., Esq., Brad Weiland, Esq.,
and Jamie R. Netznik, Esq., of Kirkland & Ellis LLP, as bankruptcy
counsel. The Debtors also hired Joyce A. Dixon, Esq. at Kutak Rock
LLP as local counsel; Duff & Phelps as financial advisor; Clear
Thinking Group LLC as restructuring advisor; and Epiq Bankruptcy
Solutions LLC, as claims and noticing agent.

On March 15, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  The Committee retained
Frost Brown Todd LLC, as counsel, Brian J. Koenig, Esq. at Koley
Jessen, P.C., L.L.O., as local counsel; and Province Inc., as
financial advisor.

                          *     *     *

Houston, Texas-based Stage Stores and a joint venture of
liquidators Tiger Capital Group and Great American Group were
declared winning bidders for Gordmans' assets at an auction in
March 2017.  Stage Stores said at that time it plans to operate at
least 50 of Gordmans' 105 locations and keep the warehouse in Omaha
as a going concern.  Stage operates about 800 locations nationwide
under the Peebles, Bealls and Goody's brands, among others.  The
winning bid amounted to $75.6 million.

The Debtor changed its name to G-Estate Liquidation Stores, Inc.,
following the asset sale.


GRAND DAKOTA: Wants to Use Cash Collateral of American Bank
-----------------------------------------------------------
Grand Dakota Partners, LLC, seeks permission from the U.S.
Bankruptcy court for the Western District of North Carolina to use
cash collateral in which American Bank Centre, an FDIC insured
state bank which is a subsidiary of American Bancor, Ltd., has or
asserts an interest.

The Debtor needs to use cash collateral to pay employees and
expenses incurred in the conduct of its business as a full-service
hotel.  The Debtor proposes to use the cash collateral for the
payment of its usual, ordinary, customary, regular, and necessary
post-petition expenses incurred in the ordinary course of the
Debtor's business and for payment of those pre-petition claims
authorized by court order.

All operating expenses of the Hotel are paid from its revenues
pursuant to Sections 2.1 and 13.1 of that certain Management
Agreement, dated April 22, 2016, between Grand Dakota Partners and
Kinseth Management Company, Inc., an Iowa corporation.  Kinseth is
not an insider or affiliate of Grand Dakota Partners.

The Debtor requests that the Court authorize the use of cash
collateral for payment of:

     a. employee wages, salaries, withholding (including without
        limitation trust fund taxes) and benefits;

     b. sales and use taxes, property taxes, and all other taxes
        that are "trust-fund" taxes or that are or may result in a

        lien on any of the Debtor's assets;

     c. utility services (there is a separate motion dealing with
        the provision of utility services to the Hotel);

     d. ordinary operating expenses of the Hotel, including the
        restaurant and bar; and

     e. upon separate motion and Court approval, capital
        expenditures.

The Debtor requests that it not be required to grant ABC any liens,
cash payments, or other adequate protection to ABC because ABC is
fully secured.

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

             http://bankrupt.com/misc/ndb17-31184-5.pdf

                        About Grand Dakota

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

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

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

Judge Laura T. Beyer presides over the case.

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


GRANDPARENTS.COM INC: BJ Squared Objects to Plan Releases
---------------------------------------------------------
BankruptcyData.com reported that BJ Squared filed with the U.S.
Bankruptcy Court an objection to Grandparents.com's Amended Chapter
11 Plan of Liquidation and motion to compromise controversy with VB
Funding. The objection asserts, "Although the Debtors claim that VB
Funding dealt with the Debtors at arm's length, it should be kept
in mind that VB Funding owns approximately 45% of the Debtors'
equity, was and remains the Debtors' principal creditor and,
without putting up any cash, has purchased the Debtors' principal
assets other than the to-be-asserted liability claims. The Debtors
have proposed a Plan and settlement with VB Funding that may
provide VB Funding the immunity it desires, while circulating a
Disclosure Statement and motion to compromise that are devoid of
discussion of any directors and officers or lender liability claims
other than a statement that they intend to bring directors and
officers claims and a conclusion that they no claims against VB
Funding. The Objectors object to the exculpation, release and
injunction provided by the Plan and the Proposed Order in favor of
the VB Parties, which may adversely affect claims that the
Objectors may have against the VB Parties for indemnity and/or
contribution against the claims that they anticipate will be
brought against them, as well as the extent to which the Plan and
the Proposed Order may limit the Objectors' ability to defend
themselves against those claims. Further, the Objectors object to
the Plan's broad, unqualified definition use of the term
'Creditor,' which Debtors appear to be attempting to incorporate
into the Proposed Order. The Objectors are creditors of debtor
Grandparents.com. The Plan's definition and use of 'Creditor' are
objectionable to the extent that it can be claimed that the
definition and use of that term adversely affects rights that do
not arise in the Objectors' capacities as creditors."

                   About Grandparents.com Inc.

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

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

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

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


GREEN FOREST: U.S. Trustee Unable to Appoint Committee
------------------------------------------------------
The Office of the U.S. Trustee on September 13 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of Green Forest Gallery, LLC.

                 About Green Forest Gallery LLC

Green Forest Gallery, LLC operates an auction house at 701 Yunker
Street, McKees Rocks, PA 15136, known as Green Forest Gallery.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. W.D. Pa. Case No. 17-22664) on June 29, 2017.
Kaykavoos Harbi, president, 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 less than
$500,000.  

Judge Jeffery A. Deller presides over the case.  Thompson Law
Group, P.C. represents the Debtor as bankruptcy counsel.


HAGGEN HOLDINGS: District Court Affirms Sale Order
--------------------------------------------------
On Dec. 8, 2015, appellant Antone Corp. filed a notice of appeal
seeking review of a portion of an order entered by the U.S.
Bankruptcy Court for the District of Delaware on Nov. 24, 2015,
which approved an asset purchase agreement and allowed Debtors
Haggen Holdings, LLC, and certain affiliates to sell certain
assets.

In connection with this sale, Antone objected to the assignment of
its commercial property lease with debtor HH Opco South, LLC, on
the basis that the assignment must include enforcement of a profit
sharing provision contained in the lease, which would entitle
Antone to 50% of any net profits upon assignment. Ruling from the
bench, the Bankruptcy Court specifically overruled Antone's
objection, holding that the profit sharing provision was an
unenforceable anti-assignment provision under section 365(f)(1) of
the Bankruptcy Code, and approved the sale.

The U.S. District Court for the District of Delaware affirmed the
Sale Order.

On appeal, Antone argues that the Bankruptcy Court; erred by
failing to consider undisputed evidence of the unique facts and
circumstances of this transaction in connection with its analysis
of the enforceability of the profit sharing provision. According to
Antone, an understanding of the bargained-for exchange that led to
the profit sharing provision was critical to this analysis, and the
Bankruptcy Court's analysis fell short. Antone further argues that
the cases cited by the Bankruptcy Court, refusing to enforce
provisions "very much akin, if not identical" to the profit sharing
provision at issue in this case, are factually distinguishable.

Conversely, the Debtors argue that the Bankruptcy Court correctly
determined, based on the plain language of the statute and the
clear weight of authority, that a profit sharing provision like the
one in the Lease is a de facto anti-assignment provision that is
unenforceable by operation of law under section 365(f)(1). As such,
the Debtors argue the Bankruptcy Court was not required to "balance
the equities" or otherwise analyze the facts and circumstances of
the case, and that the cases Antone relies on for its proposition
that such an analysis is required are factually distinguishable and
inapposite.

The District Court states that Courts have routinely found profit
sharing provisions to be unenforceable conditions on assignment
within the plain meaning of section 365(f)(l ). Throughout these
proceedings, Antone has cited no case enforcing a profit sharing
provision against a debtor in favor of a landlord. Nor does Antone
cite any authority in support of its argument that it had a
property interest in sale proceeds from the Lease assignment. The
profit sharing provision here clearly "conditions" assignment
because it requires the Debtors to pay Antone 50% of net profits
received if the Debtors assign the Lease to a third party. If
enforced, the profit sharing provision would prevent Debtors from
realizing the full value of this asset.

The court finds no error in the conclusion reached by the
Bankruptcy Court that the profit sharing provision is unenforceable
pursuant to section 365(f)(1).

A full-text copy of the District Court's Memorandum Opinion dated
August 30, 2017, is available at:

     http://bankrupt.com/misc/deb15-11874-2936.pdf

                  About Haggen Holdings

Headquartered in Bellingham, Washington, Haggen was founded in 1933
as a single grocery store.  From 1933 to 2014, Haggen grew into a
30 store family-run grocery chain, with stores located in the
northwestern United States.  From 2011 to 2014, Haggen reduced its
store base to 18, including a stand-alone pharmacy location.

Haggen rapidly expanded in 2014 and 2015, and, as of the Petition
Date, Haggen owned and operated 164 stores through three operating
companies: Haggen, Inc., Haggen Opco North, LLC and Haggen Opco
South, LLC.

Haggen Holdings, LLC, and its affiliates filed Chapter 11
bankruptcy petitions (Bankr. D. Del. Case Nos. 15-11874 to
15-11879) on Sept. 8, 2015, with the intention of reorganizing, or
selling as a going concern, their stores for the benefit of their
creditors. The petitions were signed by Blake Barnett, the chief
financial officer. The Debtors estimated assets of $50 million to
$100 million and estimated liabilities of $10 million to $50
million.

Young, Conaway, Stargatt & Taylor, LLP, is serving as the Debtors'
local counsel.  Stroock & Stroock & Lavan LLP serves as the
Debtors' general counsel.  Alvarez & Marsal North America, LLC,
acts as the Debtors' financial advisor.  Kurtzman Carson
Consultants LLC serves as the Debtors' claims and noticing agent.

T. Patrick Tinker, assistant U.S. Trustee for Region 3, appointed
seven creditors to the official committee of unsecured creditors.
Pachulski Stang Ziehl & Jones LLP serves as counsel to the
Committee.  Giuliano, Miller & Company, LLC, serves as tax advisors
to the Committee.

                        *     *     *

Following the sale of core assets, Haggen Holdings LLC changed its
name to HH Liquidation, LLC.


HAHN HOTELS: May Use Cash Collateral Through Dec. 2
---------------------------------------------------
The Hon. Brenda T. Rhoades of the U.S. Bankruptcy Court for the
Eastern District of Texas entered a final order authorizing Hahn
Hotels of Sulphur Springs, LLC, and its debtor-affiliates to use
cash collateral for the time period running from Sept. 3, 2017,
through Dec. 2, 2017.

As reported by the Troubled Company Reporter on Aug. 21, 2017, the
Debtors sought court authorization to continue using cash
collateral of prepetition lenders Austin Bank, First National Bank
of Hughes Springs, Texas Bank and Trust Company, Texas National
Bank, Pilgrim Bank, and the Small Business Association from Sept.
3, 2017, through Dec. 2, 2017.

The Debtors grant the Prepetition Lenders replacement liens in
property acquired by the Debtors after the Petition Date, which is
of the same nature, kind and character as the prepetition
collateral, and all proceeds and products thereof solely to secure
any diminution in the interests of the Prepetition Lenders
resulting from the use of the cash collateral; provided, however,
the replacement liens will not encumber any claims or causes of
action arising under Chapter 5 of the U.S. Bankruptcy Code and all
proceeds and products thereof.

The cash collateral provides the general working capital for the
Debtors' operations.  Without access to the cash collateral, the
Debtors could not operate their businesses.  The Debtors require
immediate relief to avoid irreparable harm that could occur should
the Debtors not be allowed continued use of cash collateral.

The Court has approved the portion of the budget providing for
compensation during the third budget period (based on an annualized
salary of $240,000) to be paid to Dante Hahn twice monthly, each
payment in an amount totaling $9,231.  Each payment will be
apportioned among the Debtors as follows:

     Hahn Investments, LLC                  $3,077
     Hahn Hotels of Sulphur Springs, LLC    $1,538
     Hahn Hotels, LLC                       $1,538
     Sleep Inn Property, LLC                $1,538
     Copeland's of Longview, LLC            $1,538

The authorization to pay compensation to Mr. Hahn is without
prejudice to, and does not impair, waive, or preclude any of: (1)
the Debtors' right to seek approval of higher or different
compensation in a subsequent motion, (2) the right of any creditor
or other party in interest to object to or contest the propriety of
any subsequent request for approval of compensation for Mr. Hahn or
any other insider, and (3) the rights or claims of any creditor or
other party in interest to seek enforcement of, assert, or rely on
any agreement, assignment, or other right of subordination
regarding any subsequent request for authorization for approval of
compensation for Mr. Hahn or any other insider.

A copy of the Final Order is available at:

          http://bankrupt.com/misc/txeb17-40947-197.pdf

                      About Hahn Hotels

Headquartered in Sulphur Springs, Texas, Hahn Hotels of Sulphur
Springs, LLC, owns the La Quinta Inns and Suites, which provides
hotel accommodations for business and leisure travelers across the
United States, Canada, and Mexico.

Hahn Hotels of Sulphur Springs, LLC, along with its affiliates,
including Hahn Investments, LLC, sought Chapter 11 protection
(Bankr. E.D. Tex. Lead Case No. 17-40947) on May 1, 2017.  The
petitions were signed by Dante Hahn, president.

Hahn Hotels of Sulphur estimated its assets and liabilities of
between $1 million and $10 million.  Hahn Investments estimated its
assets and liabilities of between $10 million and $50 million.

Judge Brenda T. Rhoades presides over the cases.

Jessica Leigh Voyce Lewis, Esq., and Judith W. Ross, Esq., at The
Law Offices of Judith W. Ross and Eric Soderlund, Esq., who has an
office in Dallas, Texas, serve as the Debtors' bankruptcy counsel.


HARRINGTON & KING: Granted Approval for Cash Use Through Sept. 15
-----------------------------------------------------------------
The Hon. Deborah L. Thorne of the U.S. Bankruptcy Court for the
Northern District of Illinois has granted Harrington & King
Perforating Co. and Harrington & King South Inc. permission to
continue use of cash collateral through Sept. 15, 2017.

Inland Bank & Trust has agreed to extend the terms of the Agreed
10th Interim Cash Collateral Order.

The motion is continued to Sept. 14, 2017, at 10:00 a.m.

A copy of the court order is available at:

         http://bankrupt.com/misc/ilnb16-15650-261.pdf

The Court previously entered an order authorizing the Debtors to
use cash collateral through Sept. 1, 2017.

                   About The Harrington & King

The Harrington & King Perforating Co., Inc., and Harrington & King
South Inc. are in the business of manufacturing perforating metal
sheets and rolled coils of varying gauges and types to produce hole
patterns of various sizes, shapes, and spacing.  Most of the work
is done to customer specifications and consists of high value-added
jobs, not typical of most metal punching.  The products are used in
automotive, acoustics, architecture, food and pharmaceutical
straining and filtering, interior design, manufacturing, safety
flooring, pollution control, transportation and mining cleaning and
grading, electronics and other fields.

Harrington & King Perforating Co. and Harrington & King South
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
N.D. Ill. Case Nos. 16-15650 and 16-15651) on May 7, 2016.  The
petitions were signed by Greg McCallister, chief restructuring
officer and chief operating officer.  The cases are jointly
administered under Case No. 16-15650.  

The Debtors each estimated assets and liabilities in the range of
$1 million to $10 million.

The cases are assigned to Judge Deborah L. Thorne.

The Debtors engaged The Law Office of William J. Factor, Ltd., as
bankruptcy counsel.  The Debtors tapped Ulmer & Berne LLP as
special counsel; Spiegel & Cahill, P.C., as special workers'
compensation counsel; Beacon Management Advisors LLC as financial
advisor; and Cushman & Wakefield of Illinois, Inc., as real estate
broker.

The official committee of unsecured creditors retained Goldstein &
McClintock LLLP as its legal counsel and Conway MacKenzie, Inc., as
its financial advisor.

                         *     *     *

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


HARRY DAWSON: Sale of Medicine Lodge Property for $175K Approved
----------------------------------------------------------------
Judge Dale L. Somers of the U.S. Bankruptcy Court for the District
Court of Kansas authorized Harry W. Dawson's sale of interest in
the real property located at 21 NW Tomahawk, Medicine Lodge, Barber
County, Kansas, to Robert Smiley for $175,000.

The Debtor is authorized to assume and assign the Lease and
Agreement dated June 11, 2013 as part of the sale.  He will effect
a cure as follows: (i) any unpaid annual charges under the Lease
and Agreement (two years at $1,103 per year); and (ii) any unpaid
property taxes as to the property sold and assigned.  Both of these
items will, however, be pro-rated for 2017 between the Buyer and
the Seller.  Such cure will be made by payment from the sale
proceeds and will be disbursed by the closing agent.  No further
amounts will be required for cure.

The Buyer is purchasing the property "as is," free and clear of
liens pursuant to 11 U.S.C. Section 363(f) and Fed. R. Bankr. P.
6004, and has agreed to effect repairs in consultation with Ronda
Noland, as Trustee of the Testamentary Trust of Mildred L. Meairs.
Any and all liens will attach to the proceeds of the sale.
Additional disbursements, as set out in the Combined Notice, may be
made at closing.

Harry W Dawson sought Chapter 11 protection (Bankr. D. Kan. Case
No. 16-10634) on April 12, 2016.  The Debtor tapped Eric W. Lomas,
Esq., at Klenda Austerman, LLC, as counsel.


HARTFORD COURT: Permitted to Use Cash Collateral Until Oct. 28
--------------------------------------------------------------
Judge Jack B. Schmetterer of the U.S. Bankruptcy Court for the
Northern District of Illinois has signed a 6th interim order
authorizing Hartford Court Development, Inc., to use cash
collateral only through October 9, 2017 and limited to the expenses
outlined in the Budget.

The Budget provides total operating expenses of approximately
$8,800.

Hinsdale Bank & Trust Company is granted with valid and perfected
security interests in and liens on all assets of the Debtor. In
addition, the Debtor will make monthly payments to Hinsdale Bank in
the amount of $4,866 per month.   

Moreover, the Debtor will remain current on all post-petition
property tax obligations for the Properties, including the
obligation to escrow funds in equal monthly amounts sufficient to
enable to timely pay all post-petition property taxes.

The Debtor is directed to maintain insurance coverage for the
Properties at all times during this Chapter 11 case. The Debtor is
also directed to deliver to Hinsdale Bank reasonable Financial and
other information concerning the business and affairs of the Debtor
as Hinsdale Bank will reasonable request from time to time.

A status hearing on the Debtor's use of cash collateral will be
held on October 5, 2017 at 10:30 a.m.

A full-text copy of the Order, dated August 25, 2017, is available
at https://is.gd/rnMFVj

                 About Hartford Court Development

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

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

The case is assigned to Judge Jack B. Schmetterer.

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


HJR LLC: Case Summary & 14 Unsecured Creditors
----------------------------------------------
Debtor: HJR, LLC
          dba Neenah BP
          fdba Badger Avenue Gas
        1344 Tuckaway Ct.
        Menasha, WI 54952

Type of Business:     HJR, LLC (dba Neenah BP), a small business
                      debtor as defined in 11 U.S.C. Section
                      101(51D), owns gas stations.  The Debtor
                      has buried gas tanks at two of
                      its gas station locations: 1720
                      North St. Neenah, WI 54956 and 1201 N.
                      Badger Ave., Appleton, WI 54914.  Both sites
                      are currently inspected and up to code.

Chapter 11 Petition Date: September 13, 2017

Case No.: 17-29073

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

Judge: Hon. Susan V. Kelley

Debtor's Counsel: John W. Menn, Esq.
                  STEINHILBER SWANSON LLP
                  107 Church Ave
                  PO Box 617
                  Oshkosh, WI 54903
                  Tel: 920-426-0456
                  Fax: 920-426-5530
                  Email: jmenn@oshkoshlawyers.com

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Charanjit Singh, member.

The Debtor's list of 14 unsecured creditors is available for free
at http://bankrupt.com/misc/wieb17-29073.pdf


HOGAR CARINO: US Wants Court to Prohibit Cash Collateral Use
------------------------------------------------------------
The United States, in place of its agency, the Internal Revenue
Service, asks the U.S. Bankruptcy Court for the District of Puerto
Rico to prohibit Hogar Carino Inc.'s use of cash collateral.

The United States does not consent to the use of cash collateral
and the Debtor has not sought court approval for its use.

The Internal Revenue Service filed a proof of claim for unpaid
federal employment and unemployment taxes totaling $324,202.39.
The IRS's amended proof of claim asserts a secured claim of
$141,698, an unsecured priority claim of $126,336.37, and an
unsecured general claim of $56,168.02.  The United States is a
secured creditor by virtue of multiple federal tax liens arising
against Debtor for unpaid employment and unemployment taxes.  These
federal tax liens attach to "all property and rights to property,
whether real or personal," belonging to the Debtors.  A federal tax
lien arises upon the date of a federal tax assessment.  The United
States filed multiple notices of federal tax liens with the U.S.
District Court for the District of Puerto Rico before the
commencement of this bankruptcy proceeding.  

The property secured by the United States' liens includes cash and
cash equivalents, accounts receivable, and proceeds of the accounts
receivable.  The property and its proceeds (along with the cash
proceeds of other property or rights to property to which the
federal tax liens attached) constitute cash collateral.

The United States says it is a secured creditor entitled to
adequate protection.  Among the property securing the United
States' claim are cash or cash equivalents, accounts receivable,
and proceeds of the accounts receivable.

The Debtor has not sought or obtained the United States' approval
to use cash collateral, or entered a court-approved plan of
adequate protection for the United States allowing for use of that
collateral.  The Debtor should therefore be prohibited from using
its cash collateral, the United States says.

Copies of the United States' request are available at:

          http://bankrupt.com/misc/prb17-02648-53.pdf
          http://bankrupt.com/misc/prb17-02648-53-1.pdf

                       About Hogar Carino

Hogar Carino, Inc., filed a Chapter 11 bankruptcy petition (Bankr.
D. P.R. Case No. 17-02648) on April 18, 2017.  The Debtor disclosed
total assets of $516,698 and total liabilities of $1.54 million.
The petition was signed by Elizabeth Noemi Pardo Rivera, vice
president.  The Hon. Brian K. Tester presides over the case.  The
Law Office of Luis D. Flores Gonzalez is counsel to the Debtor.


HUB HOLDINGS: Moody's Affirms B3 CFR Following Term Loan Raise
--------------------------------------------------------------
Moody's Investors Service has affirmed the B3 corporate family
rating of Hub Holdings, LLC (Hub Holdings, and together with its
subsidiaries, Hub) following the announcement that Hub
International Limited (Hub International) will increase its senior
secured term loan by $350 million. Net proceeds will be used to
repay revolving credit borrowings, add cash to the balance sheet
and pay related fees and expenses. The rating outlook for Hub is
stable.

Moody's also affirmed the B1 rating on the senior secured term loan
of Hub International and the Caa2 ratings on the senior unsecured
notes of Hub International and Hub Holdings. Regarding Hub's
revolving credit facilities, Moody's affirmed the B1 ratings on the
group's US and Canadian revolvers maturing in 2022, and downgraded
to B1 from Ba3 the ratings on small remaining portions of US and
Canadian revolvers maturing in 2018.

RATINGS RATIONALE

Hub's ratings reflect its solid market position in North American
insurance brokerage, good diversification across products and
geographic areas, and consistently strong EBITDA margins, according
to Moody's. These strengths are tempered by the company's
aggressive financial leverage and limited fixed charge coverage.
The rating agency expects that Hub will continue to pursue a
combination of organic growth and acquisitions, the latter giving
rise to integration and contingent risks (e.g., exposure to errors
and omissions), although Hub has a favorable track record in
absorbing small and mid-sized brokers.

When it completes the incremental borrowing, Hub will have a pro
forma debt-to-EBITDA ratio of about 7.5x, and (EBITDA - capex)
interest coverage of 1.5x-2x, per Moody's estimates. These metrics
incorporate Moody's standard accounting adjustments as well as
run-rate EBITDA from completed acquisitions. The rating agency
expects that Hub will maintain financial leverage in the range of
7x-8x.

Factors that could lead to an upgrade of Hub's ratings include: (i)
debt-to-EBITDA ratio below 6x, (ii) (EBITDA - capex) coverage of
interest exceeding 2x, and (iii) free-cash-flow-to-debt ratio
exceeding 5%.

Factors that could lead to a rating downgrade include: (i)
debt-to-EBITDA ratio above 8x, (ii) (EBITDA - capex) coverage of
interest below 1.2x, or (iii) free-cash-flow-to-debt ratio below
2%.

Moody's has affirmed the following ratings (and loss given default
(LGD) assessments):

Hub Holdings, LLC:

Corporate family rating at B3;

Probability of default rating at B3-PD;

$380 million senior unsecured notes maturing July 2019 at Caa2
(LGD6). (Hub Holdings Finance, Inc. is a co-issuer of these notes
with no other material activities.)

Hub International Limited:

$2.6 billion (including proposed $350 million increase) senior
secured term loan maturing October 2020 at B1 (LGD2);

$1.2 billion senior unsecured notes maturing October 2021 at Caa2
(LGD5);

$211 million senior secured revolving credit facility maturing
March 2022 (with springing maturity three months inside senior
secured term loan) at B1 (LGD2).

Hub International Canada West ULC:

C$14 million senior secured revolving credit facility maturing
March 2022 (with springing maturity three months inside Hub
International senior secured term loan), guaranteed by Hub
International, at B1 (LGD2).

Moody's has downgraded the following ratings:

Hub International Limited:

$39 million remaining senior secured revolving credit facility
maturing October 2018 to B1 (LGD2) from Ba3 (LGD2).

Hub International Canada West ULC:

C$1 million remaining senior secured revolving credit facility
maturing October 2018 to B1 (LGD2) from Ba3 (LGD2).

The rating outlook for these entities is stable.

The principal methodology used in these ratings was Insurance
Brokers and Service Companies published in December 2015.

Based in Chicago, Illinois, Hub is a major North American insurance
brokerage firm providing property and casualty, life and health,
employee benefits, investment and risk management products and
services through offices located in the US, Canada and Puerto Rico.
The company generated total revenue of $1.7 billion for the 12
months through June 2017.


HUB INTERNATIONAL: S&P Affirms 'B' CCR Amid $350MM Loan Add-on
--------------------------------------------------------------
Chicago-based middle-market insurance broker HUB plans to issue a
$350 million add-on to its existing first-lien term loan facility.

S&P Global Ratings said it affirmed its 'B' long-term corporate
credit rating on HUB International Ltd. (HUB). The outlook is
stable. At the same time, S&P affirmed its 'CCC+' debt rating on
the company's 7.875% $1.23 billion senior notes due October 2021
with a '6' (5%) recovery rating.

S&P said, "Concurrently, we are lowering our debt ratings on HUB's
first-lien credit facilities (including a $250 million revolver and
revised $2.610 billion first-lien term loan) to 'B' from 'B+', and
revising our recovery rating to '3' from 2', indicating that we
expect meaningful (65%) recovery in the event of a payment default.
In our view, the increase in the first-lien debt credit facilities
results in diminished recovery prospects.

"We are affirming our corporate credit rating on HUB because in our
assessment, its business fundamentals remain sound and its leverage
will remain within our expectations of 7x-8x. We expect HUB to use
proceeds from the add-on to fund pending and planned acquisitions
expected to close within six months, and to repay $137 million in
estimated borrowings expected to be outstanding on its revolver at
the end of third-quarter 2017.

"We assess the deal to be financial-leverage-neutral and modestly
beneficial to HUB's debt-service capacity and liquidity profile.
But the company's debt-intensive capital structure will consist of
a higher proportion of first-lien secured debt after the add-on.
This diminishes recovery prospects on its first-lien credit
facilities in the event of default, despite the modest increase in
HUB's enterprise valuation in connection with the transaction.

"The stable outlook reflects our expectation that the company's
established presence and acquisition-supported growth strategy will
drive sustained earnings and improved cash flow. Over the next
year, we project organic revenue growth in the low- to mid-single
digits and adjusted EBITDA margins above 30%. We expect HUB's
financial profile to remain highly leveraged, with a debt-to-EBITDA
ratio of 7x-8x, a funds from operations-to-debt ratio of 8%-10%,
and EBITDA coverage of 2x-3x through year-end 2018.

"We may lower our ratings within the next 12 months if organic
growth or cash-flow generation deteriorates, indicating strained
strategic execution. Under this scenario, negative performance
trends would result in diminished credit-protection measures with
leverage above 8.5x and EBITDA interest coverage under 2x.

"We may raise our ratings within the next 12 months if HUB improves
its competitive position due to enhanced scale, scope, and
diversification relative to peers', or if its financial profile
reflects more-conservative and sustainable financial leverage of
less than 6.5x and EBITDA coverage of 3x-4x."


HUDBAY MINERALS: S&P Raises CCR to 'B+' on Stronger Credit Metrics
------------------------------------------------------------------
S&P Global Ratings said it raised its long-term corporate credit
and senior unsecured debt ratings on Toronto-based mining company
HudBay Minerals Inc. to 'B+' from 'B'. The '3' recovery rating on
the notes is unchanged, representing meaningful (50%-70%; rounded
estimate 65%) recovery. The outlook is stable.  

S&P said, "The upgrade primarily reflects significant improvement
in our estimates for HudBay's prospective cash flows and credit
measures, which mainly reflect improved base metals prices and
expected revolver debt repayment. Copper and zinc prices have
sharply increased this year, and we recently revised our metals
price assumption (see "S&P Global Ratings Raises Several Metal
Price Assumptions," published Aug. 29, 2017, on RatingsDirect). In
addition, the company announced a C$242 million equity issuance
last week, and we expect proceeds from the issuance will be used
partially to repay amounts outstanding under its revolving credit
facility. We now estimate HudBay to generate adjusted
debt-to-EBITDA in the low-3x area in 2017 and 2018, which is
consistent with our previous upgrade trigger of below 4x in 2017.
Moreover, we expect the company to improve its liquidity position
through positive free cash flow generation that, in our view, will
improve HudBay's ability to manage future metals pricing
volatility.

"The stable outlook reflects our expectation that the company will
generate an adjusted debt-to-EBITDA ratio of about 3x over the next
12 months, and improve its liquidity position from positive free
cash flow generation. Our estimates are driven primarily on our
expectations for relatively strong average metals prices, notably
copper and zinc, to persist at least through next year.  

"A negative rating action could result if HudBay were to generate
core credit measures materially below our expectations over the
next 12 months, including an adjusted debt-to-EBITDA above 4x. In
this scenario, we would expect the company to face operating
challenges that result in lower production and higher costs, or
realize base metals prices below our assumptions.

"Although unlikely over the next 12 months, we could consider an
upgrade if the company generated and sustained an adjusted
debt-to-EBITDA ratio below 2x. In this scenario, we would expect
stable or lower debt levels combined with higher-than-expected
production at cash costs below our current estimates. An
improvement in HudBay's business risk profile, likely from
increased operating breadth related to acquisitions or sustainably
lower cash costs, could also lead to an upgrade."


IHEARTCOMMUNICATIONS INC: Indirect Unit Offers $150M Senior Notes
-----------------------------------------------------------------
Clear Channel International B.V., an indirect subsidiary of
iHeartCommunications, Inc., upsized and priced an offering of
$150.0 million aggregate principal amount of additional 8.75%
Senior Notes due 2020, an upsize of $25.0 million over the amount
previously announced.

The Notes will be issued as additional notes under the indenture
governing the outstanding $225.0 million in aggregate principal
amount of Clear Channel International's 8.75% Senior Notes due 2020
that were issued on Dec. 16, 2015.  The Notes were priced at 104.0%
of par, plus accrued and unpaid interest from June 15, 2017.  The
sale of the Notes is expected to be completed on Aug. 14, 2017,
subject to customary closing conditions.

The Notes will be guaranteed by certain of Clear Channel
International's existing and future subsidiaries.  The Company will
not guarantee or otherwise assume any liability for the Notes.  The
Notes will be senior unsecured obligations that rank pari passu in
right of payment to all unsubordinated indebtedness of Clear
Channel International, and the guarantees of the Notes will be
senior unsecured obligations that rank pari passu in right of
payment to all unsubordinated indebtedness of the Guarantors.

Clear Channel International intends to use the net proceeds of the
Notes to make a cash distribution to its parent company, which will
transfer the net proceeds to Clear Channel CV (an indirect parent
of Clear Channel International and a subsidiary of the Company).
Clear Channel CV intends to use the net proceeds it receives for
general corporate purposes, including to fund Clear Channel
International's operating expenses and capital expenditures as well
as those of its other subsidiaries and its parent entities.

The Notes and the related guarantees are being offered only to
"qualified institutional buyers" in reliance on the exemption from
registration pursuant to Rule 144A under the Securities Act of
1933, as amended, and to persons outside of the United States in
compliance with Regulation S under the Securities Act.  The Notes
and the related guarantees have not been registered under the
Securities Act, or the securities laws of any state or other
jurisdiction, and may not be offered or sold in the United States
without registration or an applicable exemption from the Securities
Act and applicable state securities or blue sky laws and foreign
securities laws.

                    About iHeartCommunications

iHeartCommunications, Inc., formerly known as Clear Channel
Communications, Inc., iHeartCommunications, Inc. is a Texas
corporation with all of its shares of common stock held by
iHeartMedia Capital I, LLC, an indirect, wholly owned subsidiary of
iHeartMedia, Inc. ("Parent").  Parent was formed in May 2007 by
private equity funds sponsored by Bain Capital Partners, LLC and
Thomas H. Lee Partners, L.P. for the purpose of acquiring the
business of the Company.  The acquisition was completed on July 30,
2008, pursuant to the Agreement and Plan of Merger, dated Nov. 16,
2006, as amended on April 18, 2007, May 17, 2007 and May 13, 2008.
Upon the consummation of the merger, iHeartMedia, Inc. became a
public company and the Company was no longer a public company.

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

iHeartCommunications reported a net loss attributable to the
Company of $296.31 million on $6.27 billion of revenue for the year
ended Dec. 31, 2016, compared to a net loss attributable to the
Company of $754.62 million on $6.24 billion of revenue for the year
ended Dec. 31, 2015.  As of June 30, 2017, iHeartCommunications had
$12.30 billion in total assets, $23.74 billion in total liabilities
and a total stockholders' deficit of $11.44 million.

                           *    *    *

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

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

In December 2016, Moody's Investors Service affirmed
iHeartCommunications, Inc.'s 'Caa2' Corporate Family Rating.


INDEPENDENCE TAX II: Expects Dissolution to Occur Next Month
------------------------------------------------------------
Independence Tax Credit Plus L.P. II filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing
net income of $15.12 million on $0 of total revenues for the three
months ended June 30, 2017, compared to a net loss of $219,742 on
$0 of total revenues for the three months ended June 30, 2016.

As of June 30, 2017, Independence Tax had $1.52 million in total
assets, $1.94 million in total liabilities and a total partners'
deficit of $420,667.

The Partnership has cash reserves of approximately $1,524,000 at
June 30, 2017.  That amount is considered sufficient to cover the
Partnership's day to day operating expenses, excluding fees to the
General Partner, for at least the next year.  The Partnership's
operating expenses, excluding the Local Partnerships' expenses and
related party expenses, amounted to approximately $30,000 for the
three months ended June 30, 2017.

The Partnership originally invested all of its net proceeds in
fifteen Local Partnerships.  The Partnership sold its last
remaining investment on May 15, 2017.  As of June 30, 2017, the
Partnership had sold its limited partnership interests in fourteen
Local Partnerships and one Local Partnership sold its property and
the related assets and liabilities.  All gains and losses on sales
are included in discontinued operations.

Liquidation of the Partnership in accordance with Section 8.1(ii)
of the Limited Partnership Agreement requires the Partnership to
dissolve 150 days following the sale of the Partnership's last
remaining investment.  Following dissolution, the General Partner
will cause the Partnership to liquidate as soon thereafter as
possible at which time the remaining assets (i.e. cash) of the
Partnership will be used to first pay any remaining liabilities of
the Partnership and the costs of liquidation with the remaining
balance, if any, distributed to the General Partner and the BACs
holders in accordance with the Partnership Agreement.  Dissolution
is expected to take place on or about Oct. 18, 2017, with the
liquidation and termination of the Partnership to follow shortly
thereafter.  At this time, the amount of reserves to be set aside
for the payment of accrued operating expenses and liquidation
expenses has not yet been determined.  The Partnership gives no
assurance that there will be any remaining funds available for
distributions to BACs holders.

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

                     https://is.gd/hH9c0B  

               About Independence Tax Credit Plus

Based in New York, Independence Tax Credit Plus L.P. II was
organized on Feb. 11, 1992, and commenced its public offering on
Jan. 19, 1993.  The general partner of the Partnership is Related
Independence Associates L.P., a Delaware limited partnership.  The
general partner of Related Independence Associates L.P. is Related
Independence Associates Inc., a Delaware Corporation.  The ultimate
parent of Related Independence Associates L.P. is
Centerline Holding Company.

The Partnership's business is primarily to invest in other
partnerships owning leveraged apartment complexes that are eligible
for the low-income housing tax credit enacted in the Tax Reform Act
of 1986, some of which may also be eligible for the historic
rehabilitation tax credit.

Independence Tax reported a net loss of $679,066 on $0 of revenues
for the year ended March 31, 2017, compared to a net loss of
$590,835 on $0 of revenues for the year ended March 31, 2016.


ISTAR INC: Moody's Hikes Senior Unsecured Notes Rating & CFR to B1
------------------------------------------------------------------
Moody's Investors Service has upgraded iStar Inc.'s senior
unsecured and corporate family ratings to B1 from B2 following a
meaningful improvement in the firm's liquidity position,
strengthening capital adequacy metrics and the monetization of some
land assets. In the same rating action, Moody's upgraded the firm's
senior secured credit facility rating to Ba2 from Ba3 and the
preferred stock rating to B3 from Caa1. The rating outlook is
stable.

The following ratings were upgraded:

Senior secured credit facility to Ba2 from Ba3

Senior Unsecured debt to B1 from B2

Corporate family rating to B1 from B2

Preferred Stock to B3 from Caa1

RATINGS RATIONALE

The ratings upgrade primarily reflects iStar's improved liquidity
position in large part due to capital inflows from asset sales and
extension of its debt maturity schedule. Modest yet steady pace of
the monetization of its land assets is another important factor.
However, the REIT's credit profile continues to be meaningfully
influenced by the lack of growth in the core real estate lending
and net lease segments and the still material operating asset and
land bank portfolios.

iStar's loan portfolio balance has declined by 25% in the last year
reflecting the intense competition in the commercial real estate
segment and faster than anticipated repayment of some loans. The
REIT's ability to reverse the recent trend and grow its loan
portfolio in order to generate larger and more reliable earnings
would meaningfully affect its credit profile. iStar's $1.25 billion
commercial real estate loan portfolio consists of loans originated
after January 1, 2008, referred to as the 3.0 loans by the REIT,
and legacy loans. The proportion of non-performing loans (NPL) in
the legacy book, about 20% of the portfolio, was approximately 75%
as of June 30, 2017. In contrast, there are no NPLs for the 3.0
loans portfolio.

The asset and earnings quality of its net lease portfolio is a key
credit strength for iStar. iStar's growth prospects in this segment
are, however, limited by the robust market demand for net lease
assets and the structural aspects related to iStar's net lease
exposure. The REIT's wholly owned $1.2 billion net lease portfolio,
in gross book value terms, was 98% leased at the end of 2Q2017. The
REIT has a 52% equity interest in an unconsolidated joint venture
with a sovereign wealth fund that owns $650 million of fully leased
net lease assets and the joint venture acquires all new net lease
assets. In the second quarter of 2017, iStar formed a new REIT
entity, Safety Income and Growth (Safety) to own and manage its
ground net lease portfolio. Safety's capitalization includes $227
million of secured debt and $216 million raised via an IPO in the
third quarter of 2017. iStar received $277 million of gross
proceeds from the Safety spin-off and owns a 28% equity interest in
the new REIT.

iStar's operating portfolio consists mainly of commercial real
estate assets as many of the residential assets have been sold. The
portfolio size has not changed meaningfully over the last few
quarters with modest asset sales offset by additional capital
investment and asset transfers from the land portfolio. In
contrast, the REIT's land development portfolio has declined by
almost 20% since 2Q2016 and segment revenue increased to $153
million in the first half of 2017 from $43 million in the first
half of 2016. iStar continues to invest meaningful capital in the
land development projects to prepare the assets for sale/transition
to the operating portfolio. Although the land segment does not
generate predictable quarterly earnings, asset sales have improved
the REIT's liquidity.

iStar's net debt to EBITDA as of 2Q2017 was very strong at 5.9x due
to the large cash balance and material non-recurring income related
to the Safety spin-off. The capital adequacy ratio, tangible common
equity as a percentage of tangible managed assets, improved to
8.25% at the end of 2Q2017 from 5.02% six months earlier. iStar has
$1.15 billion of senior unsecured notes maturing through year-end
2018 and cash on balance and available capacity on the revolver was
$1.2 billion at the end of 2Q2017. While iStar's liquidity and
capital adequacy metrics as of June 30, 2017 were boosted by asset
sales including the Safety transaction and the settlement of the
litigation with Lennar, longer term earnings would materially
depend on returns from redeployment of asset sales and other
non-recurring proceeds.

The stable rating outlook is based on the expectation that iStar
will continue to invest and manage the portfolio in a prudent
manner. The outlook also reflects the expectation that the REIT
will continue to generate meaningful capital and liquidity from
land and other non-core asset sales.

A higher proportion of stable, income producing assets, improvement
in fixed charge coverage including preferred dividend to above 2.0x
on a sustained basis, and a reduction in exposure to problem loans
to 5% or lower could result in positive rating movement.
Maintenance of adequate liquidity to meet upcoming debt maturities
and capital expenditures and profitability metrics at current
levels or higher would be the other key considerations.

Downward rating pressure could result from fixed charge coverage
ratio falling below 1.5x on a sustained basis, deterioration in
earnings quality and stability, and limited progress in reducing
the volume of non-income producing/ transitional assets.

iStar Inc. [NYSE: STAR] is a REIT with a diversified portfolio of
loans, net lease assets and land development projects. iStar
Financial, which is headquartered in New York City, had gross
assets of $5.3 billion as of June 30, 2017.

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


JACKSON FULGHAM: Selling Oak Grove Property to Pay Allied Insurance
-------------------------------------------------------------------
Jackson T. Fulgham asks the U.S. Bankruptcy Court for the Western
District of Arkansas to authorize the private sale of 31 contiguous
acres with house and all buildings attached to the land commonly
known as 345 CR 665, Oak Grove, Arkansas.

The Debtor's attorney has been in contact with the attorney for
Allied Insurance, the secured creditor.  The Debtor believes that
it is in the best interest of the estate for the real estate to be
sold in a private sale.

The property is listed in the Debtor's schedules as having a value
of $120,000.  The Debtor is in the process of petitioning the Court
for the hiring of an appraiser to assist in establishing the fair
market value of this property.  The parties are not absolutely
bound by the valuation of this appraisal but it is expected to be
used as a fair estimation of the value of the property to be used
for purposes of selling this property.

It is believed that Allied Insurance is an undersecured creditor
meaning that the sale of this property will be insufficient to pay
the entire claim of Allied Insurance.  The goal is to obtain the
highest and most reasonable offer consistent with the findings and
valuation of an appraiser(s).  Both the Debtor and Allied Insurance
believe they have Buyers for the property.

After the appraisal is obtained, the Debtor will submit an offer
for the Court to approve based upon the fair market value of the
property.  He as fiduciary for the estate would entertain any
higher offer including an offer by Allied's Buyer.

The terms of the sale are:

          a. Once the appraisal is completed, the Debtor and Allied
Insurance will communicate what each of their respective Buyers are
willing to offer;

          b. The Debtor can elect to accept any offer which pays
full fair market value;

          c. If either the Debtor of Allied Insurance believes the
appraisal obtained is not reflective of fair market value, they may
request a hearing on valuation within 30 days after receipt of the
appraisal;

          d. Otherwise, the Debtor intends to bring the sale of the
property to closing within 90 days of the receipt of the
appraisal.

The sale is justified by a sound business purpose.  Said purpose
includes without limitation: (i) the sale would allow the Debtor to
pay down the secured debt obligation; (ii) because both the Debtor
and Allied Insurance believe they have Buyers willing to pay the
fair market value of the property, there is no need to conduct an
auction and incur additional cost; and, (iii) since Allied
Insurance is undersecured and would receive the full amount of any
proceeds from the sale, all interested parties are fairly
represented by the Motion to Sell.

Counsel for Debtor:

          Donald A. Brady, Jr., Esq.
          AADR
          805 S. Greenwood Ave
          Fort Smith, AR 72901
          Telephone: (479) 784-9221
          E-mail: aadrbk@gmail.com

Jackson T. Fulgham sought Chapter 11 protection (Bankr. W.D. Ark.
Case No. 17-71558) on June 16, 2017.  The Debtor tapped Donald A.
Brady, Jr., Esq., at AADR as counsel.


JASON MAZZEI: Van Ho Buying Wilkes-Barre Property for $19K
----------------------------------------------------------
Jason J. Mazzei asks the U.S. Bankruptcy Court for the Western
District of Pennsylvania to authorize the sale of residential
building located at 119 Wood Street, Wilkes-Barre, Pennsylvania, to
Danny Van Ho for $19,000.

A hearing on the Motion is set for Oct. 12, 2017 at 10:30 a.m.

The Debtor owns said property as evidenced by the deed recorded in
the Luzerne County Courthouse.  He has engaged the services of a
local real estate broker to assist with the local marketing and
showings of this building.  A motion to approve the retention of
said agent is pending before the Court.

The local real estate found a buyer for the property on behalf of
the Debtor.  The Debtor and the Purchaser have entered into an
agreement of sale for the real property for the purchase price of
$19,000.  There are no secured mortgage liens against this
property.

The sale of the real estate is an "as is" sale, free and clear of
all liens and encumbrances and claims against the Debtor.  In order
to convey good title, it will be necessary that all these
interests, claims and encumbrances be divested as liens against the
real property and shifted to the funds realized from the sale.  The
settlement date per the Purchase Agreement is scheduled for Sept.
26, 2017.

That the settlement officer be authorized to make the following
disbursements: (i) payoff of any existing real estate tax liens, if
any; (ii) all real estate transfer stamps; (iii) broker commission
payable to Berkshire Hathaway Home Services Poggi Realtors; (iv)
Court approved attorney fees, if any; (v) any other closing items
necessary to consummate this transaction, including but not limited
to deed preparation and recording fees, notary fees, etc.; and (vi)
the balance of the net proceeds payable to any secured and priority
creditors in the case, with the remainder to be paid to allowed
unsecured creditors until such time as payments are made equal to a
100% distribution.  The Debtor reserves the right to challenge the
validity of any lien or claim at the time of distribution.

The sale is in the best interest of all parties since it will help
the Debtor consummate his Chapter 11 Plan of Reorganization.

Jason Mazzei is a licensed real estate agent currently conducting
business at 416 East Second Avenue, Tarentum, Pennsylvania.  Mr.
Mazzei sought Chapter 11 protection (Bankr. W.D. Pa. Case No.
16-24827) on Dec. 30, 2016.  The Debtor tapped Albert G. Reese, Jr,
Esq., at Law Office of Albert G. Reese, Jr.


JEJP LLC: Prime Downhole Buying Lehman Lathe for $110K
------------------------------------------------------
JEJP, LLC, asks the U.S. Bankruptcy Court for the Southern District
of Texas to authorize the sale of Lehman Lathe MDL 2516 x 192,
Serial Number 277, to Prime Downhole for $110,000.

A hearing is requested during the week of Sept. 18, 2017.
Objections, if any, must be filed within 21 days of the date of
service.

The Debtor owns the Lathe which is not necessary for the Debtor's
reorganization and is actually a liability to this Estate.  The
Lathe is listed on Texas Citizen Bank's October 2016, appraisal
with a fair market value of $80,000.  

The Debtor has received an offer of $110,000 from the Buyer.  The
Lathe will be sold free and clear of all liens, claims, interests
and encumbrances.  This offer is 38% above the fair market value on
the Bank's appraisal.  Both the Texas Citizens Bank ("Bank") and
the Eastgroup Properties, LP have liens against the Lathe.

The proceeds plus and additional $8,000 from the Debtor will be
used to bring the Bank and the Eastgroup current under the cash
collateral orders.  The counsel for the Debtor has contacted
Counsel for both the Bank and the Eastgroup and has apprised them
of the Debtor's sale and intention with regards to the proceeds.
Neither the Bank nor the Eastgroup has an objection to the sale.

The Motion is being filed on an expedited basis as the Debtor does
not want to lose the sale.

The Debtor believes the sale is in the best interest of the estate
because it is the fastest and easiest way to sell the Lathe and
will provide the estate with the best recovery.

The Debtor asks that the Buyer be determined to be in good faith so
it may close within fourteen days from the entry of the Order
approving the sale.

The Lienholders:

          TEXAS CITIZENS BANK, N.A.
          4949 Fairmont Parkway
          Pasadena, TX 77505-3757

          EAST GROUP PROPERTIES
          P.O. Box 676488
          Dallas, TX 75267-6488

                        About JEJP LLC

JEJP, LLC, doing business as Precision Machined Products, filed a
Chapter 11 petition (Bankr. S.D. Tex. Case No. 16-33646) on July
22, 2016.  The
petition was signed by Paul Williams, chairman.

The Debtor estimated assets of less than $100,000 and liabilities
of $1 million to $10 million at the time of the filing.

Judge David R. Jones presides over the case.  

Julie Mitchell Koenig, Esq., at Cooper & Scully, PC, serves as the
Debtor's bankruptcy counsel.  The Debtor hired EEPB P.C. CPAs and
Business Advisors as its accountant.

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


KEENEY TRUCK: Unsecureds to Recover 100% Under Plan
---------------------------------------------------
Keeney Truck Lines, Inc., filed with the U.S. Bankruptcy Court for
the Central District of California a disclosure statement and plan
of reorganization, a full-text copy of which is available at:

     http://bankrupt.com/misc/cacb2-16-26393-155.pdf

Class two general unsecured creditors can expect a dividend payment
by approximately Dec. 1, 2017, in the amount of 100% of their
claims. The total amount of allowed claims for this class is
$353,207.08. This class is impaired.

At present, for the purposes of disclosure, the Debtor points out
that it is possible it will be able to pay a second dividend to
creditors and to insiders if it receives funds in the near term
from a sale of the contingent insurance refunds or in the long term
(2018 or 2019) if it must wait to receive the refunds themselves.

                About Keeney Truck Lines

Keeney Truck Lines, Inc., filed a Chapter 11 bankruptcy petition
(Bankr. C.D. Cal. Case No. 16-12509) on Sept. 9, 2016.  The
petition was signed by Dan Hubbard, president/CEO.

The Hon. Sandra R. Klein presides over the case.  

The Law Office of William Fennell, APLC, represents the Debtor as
counsel.

The Debtor disclosed total assets of $3.30 million and total
liabilities of $1.68 million as of the bankruptcy filing.


KELLY CONSTRUCTION: Taps Albert Maccani as Accountant
-----------------------------------------------------
Kelly Construction, LLC seeks approval from the U.S. Bankruptcy
Court for the District of New Jersey to hire an accountant.

The Debtor proposes to employ Albert Maccani, a certified public
accountant, to, among other things, prepare its monthly operating
reports and tax returns, and assist in the formulation of a Chapter
11 plan of reorganization.

Mr. Maccani will be paid $450 per month for his services.

In a court filing, Mr. Maccani disclosed that he does not hold or
represent any interest adverse to the Debtor's estate, and that he
is "disinterested" as defined in section 101(14) of the Bankruptcy
Code.

Mr. Maccani maintains an office at:

     Albert R. Maccani
     1537 S. Delsea Drive
     Vineland, NJ 08360
     Phone: (856) 691-3279

                  About Kelly Construction LLC

Kelly Construction, LLC filed a Chapter 11 bankruptcy petition
(Bankr. D. N.J. Case No. 17-21184) on May 31, 2017, listing under
$1 million in both assets and liabilities.  Judge Andrew B.
Altenburg Jr. presides over the case.  McDowell Posternock Apell &
Detrick, PC represents the Debtor as bankruptcy counsel.


LEVI KATZ: 95 Mapelhust Buying Lakewood Property for $350K
----------------------------------------------------------
Judge Christine M. Gravelle of the U.S. Bankruptcy Court for the
District of New Jersey will convene a hearing on Oct. 10, 2017 at
10 a.m. to consider the sale by Levi and Tirtza Katz of their real
property located at 319 South Park Avenue, Lakewood, Ocean County,
New Jersey, to 95 Mapelhust Lakewood, LLC for $350,000, subject to
higher or better offer.

At the time of the filing of the Chapter 11 petition, the Debtors
were the owners of the Property.  The Partners Realty Group has
found a buyer and the Debtors desire to sell the Property and have
entered into a Contract of Sale of the Property for a sale price of
$350,000.

The Property is encumbered by these mortgages and/or other liens
recorded in the Ocean County Clerk's Office:

          a. Mortgage: Levi Katz and Tirtza Katz TO First Financial
Equities, Inc., Dated 9/30/2002, Recorded 10/9/2002 in Mortgage
Book 11032, Page 706.  To Secure $245,000.

          b. Assignment of Mortgage to Hudson City Savings Bank,
Recorded 10/24/2012 in Book 15350 Page 75.

          c. Notice of Lis Pendens vs. Levi and Tirtza Katz, Docket
No. F-000746-14 Recorded 1/16/2014 in Book 15728 Page 1284.

          d. Mortgage: Levi Katz and Tirtza Katz, his wife TO
Menachem Gutfruend, Dated 11/26/2007, Recorded 3/4/2009 in Mortgage
Book 14223, Page 784.  To Secure $100,000.

          e. Mortgage: Levi Katz and Tirtza Katz, his wife TO TD
Bank, N.A., Dated 2/27/2009, Recorded.

          f. The Tax Collector, Township of Lakewood, Ocean County,
New Jersey may have a lien on the Subject Property for unpaid
municipal taxes, water and sewer charges.

          g. The Lakewood Municipal Utilities Authority, with an
address of 390 New Hampshire Avenue, d, New Jersey, has or may have
a lien(s) for unpaid water and/or sewer charges.

          h. The Segula Estates IV Homeowners' Association III,
Inc. may have a lien or unpaid association fees etc.

These judgments were entered in the Superior Court of New Jersey
against the Debtors, and are liens against the Property:

          a. Superior Court of New Jersey
          Judgment Number: J-267477-2011
          Date Docketed: 09/20/2011
          Venue: CAMDEN
          Debt: $193,984.96 Costs: 240.00
          Creditor(s): TD Bank NA
          Attorney: Dembo & Saldutti
          Debtors: Levi Katz, Tirtza Katz

          b. Superior Court of New Jersey
          Judgment Number: J-032215-20125
          Date Docketed: 02/08/2012
          Venue: OCEAN
          Debt: $19,750 Costs: $240
          Creditor(s): American Express Bank FSB
          Attorney: Zwicker & Associates P.C.
          Debtors: Levi Katz

          c. Superior Court of New Jersey
          Judgment Number: CJ-208413-2011
          Date Docketed: 07/19/2011
          Venue: OCEAN
          Debt: $8,747 Costs: $247 Dckg: 10
          Creditor(s): Capital One Bank (USA), N.A.
          Attorney: Pressler & Pressler
          Debtors: Levi Katz

          d. Superior Court of New Jersey
          Judgment Number: DJ-164420-2013
          Date Docketed: 08/22/2013
          Venue: OCEAN
          Debt: $9,229 Costs: $263 DFG: 10
          Creditor(s): Discover Bank
          Attorney: Pressler & Pressler
          Debtors: Levi Katz

          e. Superior Court of New Jersey
          Judgment Number: DJ-035281-2015
          Date Docketed: 02/15/2015
          Venue: OCEAN
          Debt: $3,434 Costs: $166 Dck: 35.00
          Creditor(s): Midland Funding, LLC
          Attorney: Pressler & Pressler
          Debtors: Levi Katz, Tirtza Katz

          b. Superior Court of New Jersey
          Judgment Number: DJ-216772-2011
          Date Docketed: 08/01/11
          Venue: OCEAN
          Debt: $8,301 Costs: $238 DCKG: 10.00
          Creditor(s): FIA Card Services
          Attorney: Pressler & Pressler
          Debtors: Tirtza Katz

The Debtors ask to sell free and clear of the judgment liens.  None
of the judgment creditors have levied upon the Property prepetition
and all of the judgment liens are subject to avoidance under
section 544(a) of the Bankruptcy Code.

The proceeds of sale will be applied at closing to satisfy the
mortgage(s) encumbering the Property pursuant to the terms of the
confirmed chapter 11 plan, municipal real estate taxes, and real
estate commissions, if any.  Other liens, in particular the
judgment liens, will attach to the proceeds of sale, and the
Property will be sold free and clear of those liens.

In order to facilitate the proposed sale, it is essential and a
requirement of the proposed sale that the transfer of the
Transferred Assets be free and clear of all existing liens, claims
and encumbrances other than those liens which will be satisfied at
closing.

The contract of sale further provides that the Seller(s) have
agreed to pay a 6% commission for services rendered by Partners
Realty Group.

The Debtors also asks relief from the 14-day stay of Bankr. Rule
6004(h) in order to expedite the sale.

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

     http://bankrupt.com/misc/Levi_Katz_62_Sales.pdf

The Purchaser:

          95 MAPELHUST LAKEWOOD, LLC
          1072 Madison Ave.
          Lakewood, NJ 08701

Levi Katz and Tirtza Katz sought Chapter 11 protection (Bankr.
D.N.J. Case No. 17-10063) on Jan. 3, 2017.  The Debtors tapped
Timothy P. Neumann, Esq., at Broege, Neumann, Fischer & Shaver, as
counsel.


LIFESTAT AMBULANCE: Asks for Court OK to Use Cash Collateral
------------------------------------------------------------
Lifestat Ambulance Service, Inc., seeks permission from the U.S.
Bankruptcy Court for the Western District of Pennsylvania to use
cash collateral.

The Debtor believes and avers that First National Bank of
Pennsylvania has the first position on the cash collateral of the
Debtor via financing documents and a valid and recorded UCC filing
with the State of Pennsylvania dated May 12, 2010, and a
continuation statement dated Dec. 8, 2014.

The Debtor believes that WebBank c/o Can Capital Asset Servicing,
Inc., may have second position on the cash collateral of the Debtor
via financing documents and a recorded UCC filing with the State of
Pennsylvania dated Jan. 20, 2016.

The Debtor warns that it cannot operate and the Debtor cannot
attempt to reorganize if it does not have the use of cash
collateral.  The Debtor believes that due to the Chapter 11 filing
that it can operate profitably and generate value to creditors of
the estate.  The Debtor assures the Court that no creditors or
parties in interest will be harmed or prejudiced by allowing the
Debtor to continue to use cash collateral.

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

           http://bankrupt.com/misc/pawb17-70646-9.pdf

Headquartered in Saltsburg, Pennsylvania, Lifestat Ambulance
Service, Inc., filed for Chapter 11 bankruptcy protection (Bankr.
W.D. Pa. Case No. 17-70646) on Aug. 31, 2017, estimating its assets
and liabilities at between $100,001 and $500,000.  Christopher M.
Frye, Esq., at Steidl & Steinberg, serves as the Debtor's
bankruptcy counsel.


MANUFACTURERS ASSOCIATES: CBN to be Paid in Full Plus $4% Interest
------------------------------------------------------------------
Manufacturers Associates, Inc., and the Chapter 11 Trustee for the
Debtor filed with the U.S. Bankruptcy Court for the District of
Connecticut a second amended disclosure statement describing their
first amended plan of reorganization dated August 31, 2017.

This latest filing provides that the Chapter 11 Trustee's
accountants reviewed all cash into and out of the Company's Debtor
in Possession account since the Petition Date and the Chapter 11
Trustee also has conducted a thorough review of Debtor's monthly
receivables from the Petition Date.

The Chapter 11 Trustee conducted a preference and fraudulent
transfer analysis by reviewing the Debtor's bank statements and
records, and also reviewed post-petition payments. She identified
$17,500 in avoidable pre- and post-petition transfers, as well as
$37,500 in unexplained pre- and post-petition transfers.
Investigation will continue and defenses may be disclosed that
further reduce any projected recovery.

Class 3 under the plan is the secured claim of Community Bank N.A.
The bank will receive its full Allowed principal amount as of the
Effective Date in the sum of $29,375.41, plus interest thereon at
the rate of 4% amortized in equal monthly payments over the period
of 48 months commencing on the first Business Day of the next full
calendar month after the Effective Date.

Prior to the first date set for hearing on confirmation of the
Plan, the Debtor will have delivered cleared funds in the total
amount to be disbursed on the Effective Date to its chapter 11
counsel who shall hold same in its trust account and shall disburse
therefrom all payments required to be disbursed on the Effective
Date. The sum due to be disbursed on the Effective date is
estimated at about $38,000.

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

        http://bankrupt.com/misc/ctb15-31832-432.pdf

               About Manufacturers Associates

Manufacturers Associates, Inc., based in West Haven, Conn., filed a
Chapter 11 petition (Bankr. D. Conn. Case No. 15-31832) on Nov. 2,
2015.  The petition was signed by Anthony Parillo, Jr., president.

At the time of the filing, the Debtor estimated assets at $0 to
$50,000 and liabilities at $1 million to $10 million.

The case is assigned to Judge Julie A. Manning.

Initially, the Debtor was represented by Peter L. Ressler, Esq., at
Groob Ressler & Mulqueen, P.C.  The Debtor is currently represented
by Carl T. Gulliver, Esq., at Coan, Lewendon, Gulliver &
Miltenberger, LLC, as general Chapter 11 counsel.

The U.S. Trustee appointed Roberta Napolitano, Esq., as the Chapter
11 Trustee of the Debtor's estate.

The Chapter 11 Trustee retained her own firm Ignal Napolitano &
Shapiro, P.C., as counsel, and Erum Randhawa of Blum Shapiro & Co.,
P.C., as accountant.


MD2U MANAGEMENT: Seeks Interim OK to Use Cash Collateral
--------------------------------------------------------
MD2U Management, LLC, and its affiliates seek authorization from
the U.S. Bankruptcy Court for the Western District of Kentucky to
use cash collateral on an interim basis through September 30, 2017
in order to meet its ordinary and necessary postpetition
expenditures through use of approximately $1.3 million of cash
collateral.

The proposed 30-days budget reflects total operating expenses of
approximately $196,812.

Byline Bank, as assignee of Ridgestone Bank, has a claim against
the Debtor arising from a Promissory Note.  At the time of the
bankruptcy filing, the amount of the Byline Bank's claim under the
Note was approximately $3,062,445.  Byline Bank claims a
prepetition security interest in MD2U Management property.  Byline
Bank does not assert a prepetition security interest in property
owned by MD2U Kentucky, MD2U Indiana, and MD2U North Carolina.

Accordingly, the Debtors propose to grant to Byline Bank and its
Predatory Lenders, with replacement liens on all collateral of the
same type and priority as Byline Bank and the Predatory Lenders
held as valid and properly perfected liens prior to the petition
date.

The Debtors assert that use of cash collateral is imperative to
ensure its continued operations and to maximize creditors'
recovery.  Absent authorization to use the cash collateral, the
Debtors claim that there would be no reasonable prospect that the
Debtors would be able to reorganize successfully in this Chapter 11
case.

A full-text copy of the Debtor's Motion, dated Aug. 24, 2017, is
available at https://is.gd/ZQ3j0D

A copy of the Debtor's Budget is available at https://is.gd/zN3J67

                       About MD2U Management

Founded in 2010 and based in Louisville, Kentucky MD2U Management,
LLC -- http://www.md2u.com/-- provides home-based primary medical
care services for chronic and acute illnesses.  The Company offers
adult primary care, medication management, post discharge visits,
wound care visits, mental and behavioral healthcare, mobility
assessments, home medical equipment assessments, end of life care,
and mental health services.  In addition, the Company offers
assisted living and primary care provider support services that
include face-to-face visit documentation, post hospital discharge
assessments, and diagnostic testing and interpretation services;
and in-facility assistance with care, coordination, annual testing,
and more.  It serves to home-bound or home-limited patients in
Kentucky, Indiana, Ohio and North Carolina.

MD2U Management LLC and its affiliates MD2U Kentucky LLC, MD2U
Indiana LLC, and MD2U North Carolina LLC each filed separate
Chapter 11 petition (Bankr. W.D. Ky. Case Nos. 17-32761, 17-32762,
17-32763 and 17-32764, respectively), on Aug. 29, 2017.  Joint
administration of the Debtors' cases is pending.
The petitions were signed by Joel Coleman, president.  The Debtors
are represented by Charity Bird Neukomm, Esq. at Kaplan & Partners
LLP.

MD2U Management estimated $500,000 to $1 million in assets and $1
million to $10 million in debt.  MD2U Kentucky's assets are
estimated between $1 million to $10 million and its debt is
estimated at $500,000 to $1 million.


MF GLOBAL: Allied World Can Arbitrate Insurance Coverage Claims
---------------------------------------------------------------
Judge Martin Glenn of the U.S. Bankruptcy Court for the Southern
District of New York allows Allied World Assurance Company Ltd. to
compel Bermuda arbitration, and stays the adversary proceeding
pending the outcome of the Bermuda arbitration.

Shortly after MF Global Holdings Ltd., as Plan Administrator, and
MF Global Assigned Assets LLC initiated this adversary proceeding,
the Bermuda Insurers -- Allied World Assurance Company Ltd., and
Iron-Starr Excess Agency Ltd., Ironshore Insurance Ltd., and Starr
Insurance & Reinsurance Limited -- asked the Court to compel
arbitration of the insurance coverage dispute underlying the
Complaint. Following the filing of the adversary proceeding, the
Bermuda Insurers filed cases in the Supreme Court of Bermuda, Civil
Jurisdiction (Commercial Court) and obtained ex parte anti-suit
injunctions prohibiting the Plaintiffs from prosecuting the
adversary proceeding in this Court.

Although Iron-Starr and Federal Insurance Company have settled
their disputes with the Plaintiffs, the Court must still decide
whether the Plaintiffs' dispute with Allied World must be sent to
arbitration in Bermuda pursuant to the arbitration clause in the
AWAC E&O Policy at issue in this proceeding.

Allied World issued an errors and omissions insurance policy to MF
Global for the policy period from May 31, 2011, to May 31, 2012
(the "AWAC E&O Policy"). The AWAC E&O Policy obligated Allied World
to contribute up to the $15 million policy limit in the event of a
covered loss. The AWAC E&O Policy states that "MF Global Holdings
Ltd." as the "Named Corporation" with its principal address at "717
Fifth Avenue, 9th Floor, New York, NY 10022-8101," with Allied
World acting as insurer, and that "any and all disputes arising
under or relating to this policy . . . shall be finally and fully
determined in Hamilton, Bermuda under the provisions of The Bermuda
International Conciliation and Arbitration Act of 1993. . ."

The Plaintiffs argue that the confirmed Plan in this case
superseded the arbitration provision in the AWAC E&O Policy, as the
Plan retained jurisdiction to adjudicate any adversary proceedings,
and Allied World did not object to this provision of the Plan
during the confirmation process. The Plaintiffs also argue that the
AWAC E&O Policy does not impose a mandatory arbitration requirement
on MF Global Inc., the Individual Insureds, or their assignees
because those parties themselves did not specifically agree to
mandatory arbitration in Bermuda.

On the other hand, Allied World maintains that the mandatory
arbitration provision in the AWAC E&O Policy demands that this
coverage dispute be sent to arbitration in Bermuda. Allied World
argues that, despite the various assignments of the claims against
it that took place in the bankruptcy proceedings, the Plaintiffs
must stand in the shoes of the original policy holder, which was
bound by the terms of the arbitration provision. And more
generally, Allied World frames this dispute as a pre-petition
state-law contract dispute that is squarely non-core, and that the
Court should therefore send this dispute to arbitration.

The Court determines that the coverage defenses that Allied World
may put forth have not been actually litigated or ruled on in any
of the Previously Entered Orders nor has the Court addressed the
merits of the underlying claim at issue. The Court points out that
coverage defenses that Allied World has identified -- which may or
may not have any merit -- are the usual grist for coverage disputes
that arise under non-bankruptcy law and are not affected by
bankruptcy law.

The Court determines that MF Global Holdings Ltd. and Allied World
agreed to arbitrate any dispute arising out of the AWAC E&O Policy,
and the arbitration provision of the policy binds any entity
asserting rights on behalf of MF Global Holdings. The Court rejects
the Plaintiffs' arguments that this is a "core" proceeding because
the adjudication of this coverage dispute will have a significant
bearing on the availability of estate assets, and because Allied
World may assert coverage defenses that could be foreclosed by or
relate to the Previously Entered Orders.

The Court points out that:

     A. The SAA Approval Order provides that the sale and
assumption of certain claims against Allied World was reasonable
and appropriate. The SAA Approval Order did not rule on the merits
of any coverage defenses. Rather, Allied World argues that as
assignees, the Plaintiffs step into the shoes of their assignors,
and take the claims at issue subject to any defenses that existed
prior to the assignment. The fact that the Court found the transfer
of the claims at issue to be reasonable does not constitute a
finding that the claim itself has merit.

     B. The 9019 Order provided that the Global Settlement was fair
and reasonable, precluded parties from attacking the reasonableness
of the settlement, and that the "amounts previously paid . . .
constitute proper, full, fair and complete exhaustion . .. in
accordance with" the underlying policies involved in the
settlement. That other policies in the E&O tower paid policy
proceeds in a settlement that was approved by the Court does not
constitute a finding with respect to any potentially applicable
coverage defenses that Allied World might put forth.

In addition, the Court agrees with Allied World, which states that
"no interpretation of the Plan's provisions are required or
implicated because the assigned rights remain unchanged." Because
Allied World does not challenge the validity of the assignments in
the Plan, the Plaintiffs concede that, "subject to receipt of a
full and complete articulation of the coverage defenses [Allied
World] intends to assert in this proceeding," the Plan Confirmation
Order will not be implicated.

The Court finds that a recovery on the AWAC E&O Policy (1) does not
constitute the most important asset of the estate, (2) is not the
sole source of recovery for any creditor group, and (3) has no
"pay-first" provision. The Court points out that $15 million policy
would surely augment the estate, but in the scheme of this large
chapter 11 case, the collection and administration of this amount
does not by itself render this dispute core. Accordingly, the Court
concludes that this non-core dispute will be sent to arbitration in
Bermuda.

Furthermore, the Court maintains that even if it will find that the
dispute at issue here to be substantively core because of the
Previously Entered Orders (which the Court does not), this dispute
has almost none of the hallmarks of a typical substantively core
claim. The Court says that the claim was entirely "based on the
parties' pre-petition relationship" and the Plaintiffs are not
asserting the claim based on any "rights created under the
Bankruptcy Code," such as the right to bring an avoidance action or
a preference claim. The Court maintains that the Previously Entered
Orders themselves do not constitute a central component of the
Plaintiffs' claims, but rather only tangentially impact two types
of defenses that Allied World may put forth.

The case is In re: MF GLOBAL HOLDINGS LTD., et al., Chapter 11,
Debtors. MF GLOBAL HOLDINGS LTD., as Plan Administrator, and MF
GLOBAL ASSIGNED ASSETS LLC, Plaintiffs, v. ALLIED WORLD ASSURANCE
COMPANY LTD., IRON-STARR EXCESS AGENCY LTD., IRONSHORE INSURANCE
LTD., STARR INSURANCE & REINSURANCE LTD., and FEDERAL INSURANCE
CO., Defendants, Case No. 11-15059 (MG) Jointly Administered, Adv.
Proc. No. 16-01251 (MG), (Bank. S.D.N.Y.).

A full-text copy of the Memorandum and Order dated August 24, 2017,
is available at https://is.gd/T8tav9 from Leagle.com.

Allied World Assurance Company Ltd.is represented by:

           Erica J. Kerstein, Esq.
           Rafael Vergara, Esq.
           White and Williams LLP
           Direct 212.868.4837
           Fax 212-631-1244
           Email: kersteine@whiteandwilliams.com
                  vergarar@whiteandwilliams.com

           -- and --

           Omid H. Nasab, Esq.
           Daniel Slifkin, Esq.
           Cravath, Swaine & Moore LLP
           Worldwide Plaza
           825 Eighth Avenue
           New York, New York  10019-7475
           Tel: (212) 474-1972
           Fax: (212) 474-3700
           Email: onasab@cravath.com
                  dslifkin@cravath.com

Iron-Starr Excess Agency Ltd. is represented by:

           Maryann Taylor, Esq.
           D'Amato-Lynch LLP
           Two World Financial Center
           225 Liberty Street
           New York, New York 10281
           Direct Dial: 212-909-2008
           Fax: 212-269-0927
           Email: MTaylor@damato-lynch.com

Federal Insurance Company is represented by:

          Jessica Klarfeld Jacobs, Esq.
          DeNae M. Thomas, Esq.
          Pieter Van Tol, Esq.
          Hogan Lovells US LLP
          1735 Market St., Floor 23
          Philadelphia PA 19103
          Phone: 267.675.4665
          Fax: 267.675.4601
          Email: jessica.jacobs@hoganlovells.com
                 denae.thomas@hoganlovells.com
                 pieter.vantol@hoganlovells.com

                        About MF Global

New York-based MF Global -- http://www.mfglobal.com/-- was one of
the world's leading brokers of commodities and listed derivatives.
MF Global provides access to more than 70 exchanges around the
world.  The firm also was one of 22 primary dealers authorized to
trade U.S. government securities with the Federal Reserve Bank of
New York.  MF Global's roots go back nearly 230 years to a sugar
brokerage on the banks of the Thames River in London.

On Oct. 31, 2011, MF Global Holdings Ltd. and MF Global Finance USA
Inc. filed voluntary Chapter 11 petitions (Bankr. S.D.N.Y. Case
Nos. 11-15059 and 11-5058), after a planned sale to Interactive
Brokers Group collapsed.  As of Sept. 30, 2011, MF Global had
$41,046,594,000 in total assets and $39,683,915,000 in total
liabilities.

On Nov. 7, 2011, the United States Trustee appointed the statutory
creditors' committee in the Debtors' cases.  At the behest of the
Statutory Creditor's Committee, the Court directed the U.S. Trustee
to appoint a chapter 11 trustee.  On Nov. 28, 2011, the Bankruptcy
Court entered an order approving the appointment of Louis J. Freeh,
Esq., of Freeh Group International Solutions, LLC, as Chapter 11
trustee.

On Dec. 19, 2011, MF Global Capital LLC, MF Global Market Services
LLC and MF Global FX Clear LLC filed voluntary Chapter 11 petitions
(Bankr. S.D.N.Y. Case Nos. 11-15808, 11-15809 and 11-15810).  On
Dec. 27, the Court entered an order installing Mr. Freeh as Chapter
11 Trustee of the New Debtors.

On March 2, 2012, MF Global Holdings USA Inc. filed a voluntary
Chapter 11 petition (Bankr. S.D.N.Y. Case No. 12-10863), and Mr.
Freeh also was installed as its Chapter 11 Trustee.

Judge Honorable Martin Glenn presides over the Chapter 11 case.  J.
Gregory Milmoe, Esq., Kenneth S. Ziman, Esq., and J. Eric Ivester,
Esq., at Skadden, Arps, Slate, Meagher & Flom LLP, serve as
bankruptcy counsel.  The Garden City Group, Inc., serves as claims
and noticing agent.  The petition was signed by Bradley I. Abelow,
Executive Vice President and Chief Executive Officer of MF Global
Finance USA Inc.

The Chapter 11 Trustee has tapped (i) Freeh Sporkin & Sullivan LLP,
as investigative counsel; (ii) FTI Consulting Inc., as
restructuring advisors; (iii) Morrison & Foerster LLP, as
bankruptcy counsel; and (iv) Pepper Hamilton as special counsel.

The Official Committee of Unsecured Creditors has retained Capstone
Advisory Group LLC as financial advisor, while lawyers at Proskauer
Rose LLP serve as counsel.

The Securities Investor Protection Corporation commenced
liquidation proceedings against MF Global Inc. to protect
customers.  James W. Giddens was appointed as trustee pursuant to
the Securities Investor Protection Act.  He is a partner at Hughes
Hubbard & Reed LLP in New York.

Jon Corzine, the former New Jersey governor and co-CEO of Goldman
Sachs Group Inc., stepped down as chairman and chief executive
officer of MF Global just days after the bankruptcy filing.

In April 2013, the Bankruptcy Court approved MF Global Holdings'
plan to liquidate its assets.  Bloomberg News reported that the
court-approved disclosure statement initially told creditors with
$1.134 billion in unsecured claims against the parent holding
company why they could expect a recovery of 13.4% to 39.1% from the
plan.  As a consequence of a settlement with JPMorgan, supplemental
materials informed unsecured creditors their recovery was reduced
to the range of 11.4% to 34.4%.  Bank lenders will have the same
recovery on their $1.174 billion claim against the holding company.
As a consequence of the settlement, the predicted recovery became
18% to 41.5% for holders of $1.19 billion in unsecured claims
against the finance subsidiary, one of the companies under the
umbrella of the holding company trustee.  Previously the predicted
recovery was 14.7% to 34% on bank lenders' claims against the
finance subsidiary.


MGM RESORT: National Harbor Sale to MGP No Impact on Fitch BB IDR
-----------------------------------------------------------------
MGM Resort International's (MGM) 'BB' Issuer Default Rating (IDR)
is not affected by the sale of the real estate assets of National
Harbor Casino Resort (National Harbor) to MGM Growth Properties
(MGP) for $1.2 billion, according to Fitch Ratings. Fitch calculate
MGM's pro forma gross consolidated leverage at 5.2x, which is still
consistent with the 'BB' IDR and is only slightly above 5.1x on an
LTM basis (LTM includes annualized National Harbor performance and
repayment of MGM's 2018 notes). Fitch still forecast MGM
de-levering below 5.0x within the next 12 months. Fitch subtracts
distributions to minority holders from EBITDA when calculating
leverage. Fitch pro forma calculation includes $150 million of
annualized EBITDAR for National Harbor and $95 million in rent paid
to MGP.

Fitch views the transaction as having a slightly negative impact on
MGM's leverage going forward as it will increase minority
distributions from MGP, which Fitch subtracts from consolidated
EBITDA. Annual rent to MGP will increase to $745 million from $650
million and MGM's ownership of MGP is set to decrease to 74% from
76%, increasing overall cash leakage from the MGM corporate
structure as MGP (a REIT) pays dividends. In addition, the
transaction reduces MGM's stake in National Harbor and moves the
asset to an entity that has its own capital structure and is
structurally senior to MGM's creditors. (National Harbor previously
also had its own capital structural but could have easily been
folded into MGM's primary credit group, which is no longer the
case.)

The transaction does not come as a surprise given MGP's right of
first offer on the property and both companies' public comments
regarding a potential sale. Fitch views the inclusion of about $736
million of equity and $200 million of cash on hand in the funding
mix positively as it keeps the leverage profile largely the same on
a consolidated basis. On an absolute basis, debt declined slightly,
as MGP used a $350 million unsecured note to refinance National
Harbor's $425 million term loan.

In addition to the National Harbor sale, MGM announced that it is
repurchasing $327.5 million of shares from Tracinda Corporation.
The repurchase will be funded with a revolver, which MGM will repay
with the cash proceeds from the National Harbor sale. The
repurchase is viewed by Fitch as neutral within a context of the
'BB' IDR, since pro forma consolidated gross leverage will remain
unchanged. However, the repurchase announcement makes MGM's path
and timing to investment grade more questionable in Fitch's
opinion. In contemplating the transactions, MGM (which controls
MGP) could have taken more stock consideration for National Harbor;
thereby diluting its position in MGP less, or MGM could have used
the cash consideration for more creditor-friendly initiatives such
as debt paydown or development capex.

RATING SENSITIVITIES

MGM's Long-Term IDR could be upgraded to 'BB+' as MGM's leverage
metrics, after adjusting for distributions to minority holders and
from unconsolidated subsidiaries, approach 4.5x and 4.0x on a gross
and net basis, respectively. Continuation of the stable or positive
trends in Las Vegas and Macau, the renewal or extension of MGM
China's gaming concession, and MGM's commitment to improving its
balance sheet will be factors considered by Fitch when
contemplating positive rating actions.

Fitch may revise MGM's Rating Outlook to Negative or downgrade
MGM's Long-Term IDR to 'BB-' if leverage sustains at above 6.0x for
an extended period of time past 2017, due to potentially weaker
than expected operating performance, debt-funding a new large-scale
project or acquisition, or taking a more aggressive posture with
respect to financial policy. For a leverage increase related to a
debt-funded project, Fitch would assess MGM's liquidity and pro
forma leverage as well as the project's diversification benefits
and return on investment prospects.

Fitch links MGM China's IDR to MGM's given MGM China's strategic
importance to MGM. Therefore, Fitch may upgrade MGM China's IDR to
'BB+' if and when Fitch upgrades MGM's IDR to 'BB+'.

FULL LIST OF RATING ACTIONS

Fitch currently rates MGM as follows:

MGM Resorts International
-- Long-Term IDR 'BB'; Outlook Stable;
-- Senior secured credit facility 'BBB-/RR1';
-- Senior unsecured notes 'BB/RR3'.

MGM China Holdings, Ltd (and MGM Grand Paradise, S.A. as
co-borrower)
-- Long-Term IDR 'BB'; Outlook Stable;
-- Senior secured credit facility 'BBB-/RR1'.


MICROVISION INC: Ladenburg Underwrites $9.2M Public Offering
------------------------------------------------------------
MicroVision, Inc. entered into an underwriting agreement with
Ladenburg Thalmann & Co. Inc. on Aug. 10, 2017.  The Underwriting
Agreement provides for the sale of 4,761,905 shares of common
stock, par value $0.001 per share, at a public offering price of
$2.10 per share, less an underwriting discount of $0.13125 per
share.  The Company also granted the Underwriter a 30-day option to
purchase up to an additional 714,286 shares of Common Stock to
cover over-allotments, if any.  

The sale of the shares of Common Stock pursuant to the Underwriting
Agreement is expected to close on or about Aug. 15, 2017, subject
to the satisfaction of customary closing conditions.  The Shares
are being offered and sold pursuant to the Company's registration
statement on Form S-3 (Registration No. 333-211869) declared
effective by the Securities and Exchange Commission on June 22,
2016, and the related registration statement filed on Aug. 10,
2017, pursuant to Rule 462(b) under the Securities Act of 1933.  A
prospectus supplement relating to the sale of the shares of Common
Stock will be filed with the SEC.

The Company expects to receive net proceeds from the offering of
approximately $9.2 million, or approximately $10.6 million if the
Underwriter exercises its option to purchase additional shares in
full, after deducting the underwriting discount and estimated
offering expenses payable by the Company.  The Company intends to
use the net proceeds of the offering for general corporate
purposes.

                        About MicroVision
  
Redmond, Washington-based MicroVision, Inc. --
http://www.microvision.com/-- is developing its PicoP(R) display
technology that can be adopted by its customers to create
high-resolution miniature laser display and imaging modules.  This
PicoP display technology incorporates the company's patented
expertise in two-dimensional Micro-Electrical Mechanical Systems
(MEMS), lasers, optics and electronics.

MicroVision reported a net loss of $16.47 million for the year
ended Dec. 31, 2016, compared to a net loss of $14.54 million for
the year ended Dec. 31, 2015.  As of June 30, 2017, MicroVision had
$29.91 million in total assets, $26.08 million in total liabilities
and $3.82 million in total shareholders' equity.

Moss Adams LLP, in Seattle, Washington, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2016, citing that the Company has incurred losses
from operations and has an accumulated deficit, which raises
substantial doubt about its ability to continue as a going concern.


MJS AUTOMOTIVE: Taps Abilheira & Associates as Legal Counsel
------------------------------------------------------------
MJS Automotive, Inc. 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 Abilheira & Associates, P.C. and pay
the firm an hourly fee of $385 for its services.

Elias Abilheira, Esq., disclosed in a court filing that the firm
does not hold or represent any interest adverse to the Debtor's
estate, and is "disinterested" as defined in section 101(14) of the
Bankruptcy Code.

The firm can be reached through:

     Elias Abilheira, Esq.
     Abilheira & Associates, P.C.
     34 East Main Street
     Freehold, NJ 07728
     Tel: 732-866-1883
     Email: elias@anlegal.net

                   About MJS Automotive, Inc.

MJS Automotive, Inc. is a provider of automotive repair and
maintenance services whose principal assets are located at 3411 US
Highway 9, Freehold, New Jersey.  It sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. D.N.J. Case No. 17-27224)
on August 24, 2017.  It is a small business debtor as defined in 11
U.S.C. Section 101(51D).

Michael Saviano, president, signed the petition.  At the time of
the filing, the Debtor disclosed $85,000 in assets and $63,453 in
liabilities.

Judge Kathryn C. Ferguson presides over the case.


MOTORS LIQUIDATION: Dist. Ct. Upholds Feds $15M Loan Order
----------------------------------------------------------
Ryan Boysen, writing for Bankruptcy Law360, reports that District
Judge P. Kevin Castel has opined that a New York bankruptcy court
had authority to allow the U.S. Department of Treasury to fund $15
million to a litigation trust for Old GM's unsecured creditors.

The trust, Law360 cites, is pursuing a case against more than 500
GM pre-bankruptcy lenders that were paid in full on a $1.5 billion
loan, that was discovered to be unsecured through a paralegal's
filing error.

The District Court's opinion effectively tosses out unsecured
creditor Davidson Kempner Capital Management LP's appeal of the
bankruptcy court decision.  Davidson Kemper insisted that the issue
wasn't ripe, Law360 cites.

                   About Motors Liquidation

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

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

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

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


MULTI-COLOR CORP: S&P Affirms BB- CCR, Off CreditWatch Negative
---------------------------------------------------------------
S&P Global Ratings removed its ratings on Multi-Color Corp. from
CreditWatch, where they had been placed with negative implications
on July 17, 2017. S&P said, "We also affirmed our ratings,
including our 'BB-' corporate credit rating, on the company. The
outlook on Multi-Color Corp. is stable."

S&P said, "We also assigned issue-level ratings and recovery
ratings to the company's proposed debt issues. We assigned our
'BB+' issue-level ratings and '1' recovery ratings to the company's
proposed secured credit facilities, consisting of $400 million in
revolving facilities due October 2022; $250 million term loan A due
October 2022; and $400 million term loan B due October 2024. The
'1' recovery rating indicates our expectation for very high
(90%-100%; rounded estimate: 95%) recovery in a default scenario.
We also assigned our 'B+' issue-level rating and '5' recovery
rating to the company's proposed $480 million unsecured notes due
October 2025. The '5' recovery rating indicates our expectation for
modest (10%-30%; rounded estimate: 10%) recovery in a default
scenario.

"Our 'BB+' issue-level rating and '1' recovery rating on the
existing $500 million of revolving facilities due November 2019
will be withdrawn once the transaction is complete and the revolver
has been refinanced.

"The stable outlook on Multi-Color reflects our view that once the
company integrates the Constantia labels business and realizes
synergies, factors including stable sales growth, better product
mix, and cost discipline will enable it to keep its adjusted debt
to EBITDA ratio below 5.0x.

"The ratings affirmation reflects our view that despite temporary
deterioration in credit measures, Multi-Color Corp. will see its
business will strengthen from its purchase of Constantia Flexibles'
labels unit, and that it will improve its credit measures during
the next year.

"The stable outlook on Multi-Color reflects our view that while the
company's pro forma credit measures may be somewhat stretched for
the ratings at the outset of the acquisition's completion,
management will abide by financial policies conducive to reducing
debt leverage to more amenable levels for the ratings. We expect
the company to continue its track record of consistently improving
its credit measures following the completion of a substantial
acquisition, and for the company to integrate the Constantia
Flexibles deal appropriately without incurring unanticipated large
charges or cash outlays. We anticipate that solid demand from CPG,
food and beverage, and health care customers, along with manageable
material costs, will allow for the company to generate appropriate
credit measures for the rating. We expect that after debt leverage
is reduced a bit, that Multi-Color will again continue to pursue
moderate-sized acquisitions. By the end of fiscal 2019, we expect
Multi-Color's FFO-to-adjusted debt ratio to be in the 12%-20% range
and its adjusted debt-to-EBITDA metric to be in the 4x-5x range;
these ranges provide the company with some cushion to pursue
tuck-in acquisitions.

"If, contrary to our expectations, the company's metrics do not
strengthen over the next year, we could consider lowering the
ratings. This could occur if operational challenges due to slowing
economic growth, changing customer preferences, unanticipated
long-term increases in raw material costs, integration issues, or
other factors result in substantial deterioration in its credit
measures without clear prospects for improvement. Another more
remote risk is a meaningful shift in demand for traditional labels
in favor of newer methods like direct object printing. If pro forma
debt leverage stays above 5x, FFO-to-adjusted debt remains below
12%, or if its liquidity becomes less than adequate, then we could
consider lowering the ratings."

The company's limited product diversity and its need to integrate
this large acquisition and realize associated synergies make an
upgrade over the next year unlikely. S&P said, "We could, however,
consider an upgrade over the longer term if Multi-Color's operating
performance and financial policies support debt leverage of
consistently below 4x and a FFO-to-adjusted debt ratio of more than
20%. This could occur if the company's adjusted EBITDA margins
increase to almost 22% and its revenue increases by more than 7%
from projected fiscal 2018 levels before the end of the subsequent
two years. We would emphasize that the company's future financial
policies would be key to supporting an upgrade."


ONE HORIZON: Incurs $1.76 Million Net Loss in Second Quarter
------------------------------------------------------------
One Horizon Group, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $1.76 million on $181,000 of revenue for the three months ended
June 30, 2017, compared to a net loss of $1.41 million on $366,000
of revenue for the three months ended June 30, 2016.

For the six months ended June 30, 2017, One Horizon reported a net
loss of $3.05 million on $554,000 of revenue compared to a net loss
of $2.67 million on $975,000 of revenue for the six months ended
June 30, 2016.

As of June 30, 2017, One Horizon had $8.83 million in total assets,
$7.20 million in total liabilities and $1.63 million in total
stockholders' equity.

"As Horizon continues to pursue its operations and business plan,
it expects to incur further losses in 2017 which, when combined
with any investment in intellectual property, will generate
negative cash flows.  As of June 30, 2017, the Company did not have
any available credit facilities.  As a result, it is in the process
of seeking new financing by way of sale of either convertible debt
or equities.  Subsequent to June 30, 2017, the Company entered into
a series of transactions to improve liquidity and reduce
outstanding obligations...  Whilst it has been successful in the
past in obtaining the necessary capital to support its investment
and operations, there is no assurance that it will be able to
obtain additional financing under acceptable terms and conditions,
or at all.  In the event, Horizon is unable to obtain sufficient
additional funding when needed in order to fund ongoing research
and development activities as well as operations, it would not be
able to continue as a going concern and maybe forced to severely
curtail or cease operations and liquidate the Company," the Company
stated in the report.

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

                       https://is.gd/0O6rlm

                        About One Horizon

Ireland-based One Horizon Group, Inc., is the inventor of the
patented SmartPacketTM Voice over Internet Protocol ("VoIP")
platform.  The software is designed to capitalize on numerous
industry trends, including the rapid adoption of smartphones, the
adoption of cloud based Internet services, the migration towards
all IP voice networks and the expansion of enterprise
bring-your-own- device to work programs.  The Company designs,
develops and sells white label SmartPacketTM VoIP software and
services to large Tier-1 telecommunications operators.

One Horizon reported a net loss of $5.54 million on $1.61 million
of revenue for the year ended Dec. 31, 2016, compared to a net loss
of $6.30 million on $1.53 million of revenue for the year ended in
2015.

The Company's independent accountants Cherry Bekaert LLP, in Tampa,
Fla., issued a "going concern" opinion in its report on the
Company's consolidated financial statements for the year ended Dec.
31, 2016, stating that the Company has recurring losses and
negative cash flows from operations that raise substantial doubt
about its ability to continue as a going concern.


OPEXA THERAPEUTICS: Incurs $678,000 Net Loss in Second Quarter
--------------------------------------------------------------
Opexa Therapeutics, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q reporting a net loss
of $678,192 on $0 of option revenue for the three months ended June
30, 2017, compared to a net loss of $2.10 million on $726,291 of
option revenue for the three months ended June 30, 2016.

For the six months ended June 30, 2017, Opexa reported a net loss
of $1.60 million on $0 of option revenue compared to a net loss of
$4.26 million on $1.45 million of option revenue for the same
period a year ago.

As of June 30, 2017, Opexa had $1.98 million in total assets,
$368,547 and $1.61 million in total stockholders' equity.

"On July 3rd, we were pleased to announce the planned merger with
Acer Therapeutics," said Neil K. Warma, president and chief
executive officer of Opexa.  "After a comprehensive evaluation of
strategic alternatives, Acer was selected based on their technology
and stage of development of their lead drug candidate. Acer's lead
asset, EDSIVO, a potential life-saving therapy for patients with
vEDS could be on the market within the next two years, subject to
FDA approval. Opexa shareholders are expected to own approximately
11.2% of the outstanding common shares in the combined company.
The proposed merger is expected to close during the third quarter
of 2017, subject to the approval of the stockholders of Acer and
the shareholders of Opexa."

Cash and cash equivalents were $1,824,355 as of June 30, 2017,
compared to $3,444,952 as of Dec. 31, 2016.

Research and development expenses were a credit of $796 for the
three months ended June 30, 2017, compared with $1,814,940 for the
three months ended June 30, 2016.  The $796 credit balance was due
to receipt of a credit memo for $8,397 which more than offset the
total expenses of $7,601 for the three months ended June 30, 2017.
The decrease in expenses is primarily due to cost reductions in
connection with the winding down of the clinical trial of Tcelna in
SPMS, including the Company's site expenses as well as additional
expense reduction due to a pause in NMO study development cost.
Additionally, expenses were further reduced due to the workforce
reductions over the past year.

General and administrative expenses were $678,660 for the three
months ended June 30, 2017, compared with $953,582 for the three
months ended June 30, 2016.  The decrease in expenses is primarily
due to the workforce reduction over the past year as well as a
reduction in rent and property taxes.  These reductions were
slightly offset by an increase in professional services and no
reallocation of general and administrative expenses to research and
development.

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

                      https://is.gd/AWYfR6

                     About Opexa Therapeutics

Opexa Therapeutics -- http://www.opexatherapeutics.com/-- is a
biopharmaceutical company that has historically focused on
developing personalized immunotherapies with the potential to treat
major illnesses, including multiple sclerosis as well as other
autoimmune diseases such as neuromyelitis optica.  These therapies
are based on Opexa's proprietary T-cell technology.

Opexa incurred a net loss of $7.98 million for the year ended Dec.
31, 2016, compared to a net loss of $12.01 million for the year
ended Dec. 31, 2015.  

Malonebailey, LLP -- http://www.malonebailey.com/-- in Houston,
Texas, issued a "going concern" qualification on the consolidated
financial statements for the year ended Dec. 31, 2016, citing that
the Company has incurred recurring losses, negative operating cash
flows and an accumulated deficit that raise substantial doubt about
its ability to continue as a going concern.


ORACLE OIL: Taps Derbes Law Firm as Legal Counsel
-------------------------------------------------
Oracle Oil, LLC seeks approval from the U.S. Bankruptcy Court for
the Eastern District of Louisiana to hire legal counsel in
connection with its Chapter 11 case.

The Debtor proposes to employ The Derbes Law Firm, LLC to, among
other things, give legal advice regarding its duties under the
Bankruptcy Code; prosecute actions to protect its estate; and
prepare a plan of reorganization.

The firm's standard hourly rates are:

     Albert Derbes, IV, Esq.     $350
     Eric Derbes, Esq.           $350
     Wilbur Babin, Jr., Esq.     $375
     Beau Sagona, Esq.           $350
     Melanie Mulcahy, Esq.       $300
     Frederick Bunol, Esq.       $275
     Jared Scheinuk              $180
     Bryan O'Neill, Esq.         $160
     Hugh Posner, C.P.A.         $200
     Notary                       $80
     Paralegals                   $80
     Legal Assistant              $60

Derbes received a total of $20,275 for the benefit of the Debtor.
Prior to the petition date, the firm received fees of $5,952.50 and
incurred costs of $1,717 for the filing fee, leaving a total of
$12,612.50 in its trust account.

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

The firm can be reached through:

     Frederick L. Bunol, Esq.
     Bryan J. O'Neill, Esq.
     The Derbes Law Firm, LLC
     3027 Ridgelake Drive
     Metairie, LA 70002
     Phone: 504-837-1230
     Fax: 504-832-0327

                      About Oracle Oil LLC

Oracle Oil, LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. La. Case No. 17-12391) on September 6,
2017.  Judge Elizabeth W. Magner presides over the case.

At the time of the filing, the Debtor disclosed that it had
estimated assets of $10,000,001 to $50,000,000 and liabilities of
$1,000,001 to $10,000,000.


PAC ANCHOR: May Use California United Bank's Cash Until Dec. 31
---------------------------------------------------------------
The Hon. Ernest M. Robles of the U.S. Bankruptcy Court for the
Central District of California authorizing Pac Anchor
Transportation, Inc., to use cash collateral of California United
Bank until Dec. 31, 2017.

A hearing on the Debtor's request for an order authorizing further
use of cash collateral will be held on Dec. 19, 2017, at 10:00 a.m.
The Debtor must submit additional briefing in support of the
continued use of cash collateral by no later than Dec. 5, 2017.
Any response to the Debtor's additional briefing must be filed by
no later than Dec. 12, 2017.  The Debtor must provide notice of the
continued interim hearing to the Lender and the 20 largest
unsecured creditors, and file a proof of service so indicating, by
no later than Nov. 28, 2017.

Pursuant to the Revolving LOC Security Agreement, the Debtor
granted in favor of Lender a security interest in and lien on all
of the Debtor's assets, including equipment, inventory, accounts
and general intangibles.  Pursuant to the Term Loan Security
Agreement, the Debtor granted in favor of Lender a security
interest in and lien on certain identified tractors, as well as all
attachments, products and related accounts and general intangibles.
After application of a payment of $200,000 made shortly before the
Petition Date, as of that date, the Debtor owes an indebtedness to
Lender pursuant to the loan documents in the total sum of
approximately $635,000 under the Term Loan, and other allowed fees,
costs and charges as defined in the Loan Documents.  As of the
Petition Date, there was no unpaid advance under the Revolving
LOC.

The Lender is granted by Debtor, effective as of the Petition Date,
a replacement lien in all prepetition and postpetition assets in
which and to the extent Debtor holds an interest, whether tangible
or intangible, whether by contract or operation of law, and
including all profits and proceeds thereof, including claims or
causes of action possessed by the Debtor's bankruptcy estate under
Sections 544, 545, 547, 548, 553(b), or 723(b), and all proceeds
therefrom, but only to the extent there is a diminution in value of
the prepetition collateral, whether from the use of cash collateral
or otherwise.  The Lender will not have a security interest in the
vehicles subject to the lien of Mack Financial Services, a division
of VFS US, LLC, but instead, a perfected security interest in any
and all proceeds available to Debtor after sale or other
disposition of some or all of the Mack Collateral.

The Debtor will pay Lender adequate protection payments, in cash,
in the amount of $18,555.74 each month, commencing on Aug. 1, 2017,
and on the first business day of each month thereafter.  The Lender
may, at its sole discretion, apply adequate protection payments to
any obligations owed by Debtor to Lender under the loan documents.

A copy of the court order is available at:

          http://bankrupt.com/misc/cacb17-18213-75.pdf

                About Pac Anchor Transportation

Pac Anchor Transportation, Inc., was formed from the merger of Pac
Anchor Transportation, Inc., and Green Anchor Lines, Inc.  Pac
Anchor is a trucking company located in Wilmington, California,
that provides trucking services throughout the western United
States.

Pac Anchor filed for Chapter 11 bankruptcy protection (Bankr. C.D.
Cal. Case No. 17-18213) on July 6, 2017.  Alfredo Barajas, its
president, signed the petition.

At the time of the filing, the Debtor disclosed $12.08 million in
assets and $11.24 million in liabilities.  

Judge Ernest M. Robles presides over the case.  On Aug. 10, 2017,
the Office of the U.S. Trustee appointed an official committee of
unsecured creditors.


PADCO ENERGY: Case Energy Opposes Disclosure Statement
------------------------------------------------------
Creditor Case Energy Services, LLC, filed an objection to Padco
Energy Services, LLC's disclosure statement with respect to its
proposed chapter 11 plan, dated June 2, 2017.

This latest objection contends that the Debtor described Ascentium
Capital as having a security interest over some equipment, however,
if the equipment at issue was sold to the debtor by CASE, then the
debtor's statement is inaccurate as CASE's security interest is not
lost or subordinated to Ascentium Capital. CASE's equipment was
sold to Debtor on credit and Debtor took delivery. The Debtor, on
many occasions, requested help configuring the equipment then
Debtor placed the equipment on trucks and trailers and Debtor took
the equipment to third-party well sites. The Debtor's description
suggests that Ascentium Capital may prime CASE as to CASE's
equipment. It does not.

Further, the Debtor described Strategic Funding Source, Inc., as
having a security interest over some equipment, however, if the
equipment at issue was sold to the debtor by CASE, then the
debtor's statement is inaccurate as CASE's security interest is not
lost or subordinated to Strategic Funding Source, Inc.

The Debtor's statements as to the rights of CASE are misleading at
best and suggestive that CASE is owed nothing when Debtor has
previously admitted indebtedness to CASE.

The Troubled Company Reporter previously reported that the Debtor
will retain and pursue causes of action against Case Energy
Services, LLC, and Jason Farnell for tort claims, equipment rental
services, overpayment and other causes of action. The Debtor will
also retain and pursue causes of action against Select Energy
Services, LLC, Signal Well Service, Ultra Blend, and other parties
who owe accounts receivable to the Debtor.

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

     http://bankrupt.com/misc/lawb16-51380-177.pdf

Attorney for Case Energy Services, LLC:

     David A. Szwak, LBR#21157, T.A.
     BODENHEIMER, JONES & SZWAK, LLC
     416 Travis Street, Ste. 1404
     Mid South Tower
     Shreveport, Louisiana 71101
     Email: (318) 424-1400
     FAX: (318) 221-6555

               About Padco Energy Services, LLC

PADCO Pressure Control, L.L.C., based in Lafayette, LA, filed a
Chapter 11 petition (Bankr. W.D. La. Case No. 16-51381) on October
4, 2016. The Hon. Robert Summerhays presides over the case. Thomas
E. St. Germain, member of Weinsten & St. Germain, LLC, as
bankruptcy counsel.

In its petition, the Debtor estimated $0 to $50,000 in assets and
$1 million to $10 million in liabilities. The petition was signed
by Michael Carr, chief executive officer.

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


PADCO PRESSURE: Case Energy Objects to Disclosure Statement
-----------------------------------------------------------
Creditor Case Energy Services, LLC objects to Padco Energy
Services, LLC's disclosure statement with respect to its proposed
chapter 11 plan.

The Debtor's Disclosure Statement stated that CASE purported to
have a secured claim but failed to explain that CASE sold the
equipment on credit to debtor and CASE has a purchase money
security interest that has not been addressed or dissolved. The
Debtor stated that CASE must have a judgment to establish the claim
but that is misleading at best. CASE has filed a proper Proof of
Claim stating its claim and interest. Further, the debtor has no
authority to ignore CASE's claim or pretend it is invalid. The fact
that Debtor disputes the claim is irrelevant.

Further, the Debtor described Cross Keys Bank as having a security
interest over CASE's equipment which is inaccurate as CASE's
security interest is not lost or subordinated to Cross Keys Bank.
CASE's equipment was sold to Debtor on credit and Debtor took
delivery. The Debtor, on many occasions, requested help configuring
the equipment then Debtor placed the equipment on trucks and
trailers and Debtor took the equipment to third-party well sites.
The Debtor's description suggests that Cross Keys Bank primes CASE.
It does not.

The Debtor's statements as to the rights of CASE are misleading at
best and suggestive that CASE is owed nothing when Debtor has
previously admitted indebtedness to CASE.

Attorney for Case Energy Services, LLC:

     David A. Szwak, LBR#21157, T.A.
     BODENHEIMER, JONES & SZWAK, LLC
     416 Travis Street, Ste. 1404
     Mid South Tower
     Shreveport, Louisiana 71101
     (318) 424-1400
     FAX 221-6555

             About Padco Pressure Control

PADCO Pressure Control, L.L.C., based in Lafayette, LA, filed a
Chapter 11 petition (Bankr. W.D. La. Case No. 16-51381) on October
4, 2016. The Hon. Robert Summerhays presides over the case. Thomas
E. St. Germain, member of Weinsten & St. Germain, LLC, as
bankruptcy counsel.

In its petition, the Debtor estimated $0 to $50,000 in assets and
$1 million to $10 million in liabilities. The petition was signed
by Michael Carr, chief executive officer.

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


PARAMOUNT RESOURCES: S&P Upgrades CCR to 'BB-' Amid Trilogy Merger
------------------------------------------------------------------
S&P Global Ratings said it raised its long-term corporate credit
rating on Calgary, Alta.-based Paramount Resources Ltd. to 'BB-'
from 'B-'.

On Sept. 12, Paramount announced it had merged with Trilogy Energy
Corp. S&P said, "We now consider Trilogy a core entity and integral
component of Paramount operations. Therefore, we have also raised
our corporate credit rating on Trilogy to 'BB-' from   'B-', and
our issue-level rating on the company's senior unsecured notes to
'BB-' from 'B'. S&P Global Ratings removed the ratings on Paramount
and Trilogy from CreditWatch, where they were placed with positive
implications July 7, 2017. The outlook on both companies is
stable.

"We also revised our recovery rating on Trilogy's senior unsecured
notes to '3' from '2', because we apply a recovery cap of '3'
(specifically, 65%) for unsecured debt for companies in the 'BB'
category. We assume, based on empirical analysis that the size and
ranking of debt and nondebt claims could change before the
hypothetical default."

The multiple-notch upgrade to Paramount reflect the company's
enhanced business risk profile and financial risk profile following
the acquisition of Apache Canada Ltd. (Apache Corp.'s Canadian
assets) and the merger with Trilogy.

S&P said, "The stable outlook reflects our view that Paramount will
integrate the Apache and Trilogy assets, achieving average daily
production exceeding 90,000 boe per day in fourth-quarter 2017. We
expect credit metrics to improve in 2018 and 2019, resulting in
two-year, weighted-average FFO-to-debt of 30%-40%. We also expect
Paramount to outspend cash flow during the next two years to
organically develop its reserves, resulting in negative
FOCF-to-debt. Any rating action on Paramount would flow through to
Trilogy.

"We could consider a negative rating action during our 12-month
outlook period if Paramount cannot meet its production targets or
if oil and gas prices are weaker than forecast, resulting in
FFO-to-debt consistently below 30%. We could also take a negative
rating action if the company materially increases its debt to
support its capital spending plan.

"We could take a positive rating action if Paramount reports
stronger-than-expected cash flow generation due to higher prices,
production, or margins, resulting in FFO-to-debt consistently above
45%. We could also take a positive rating action if the company
reduces its full-cycle costs, and (by extension) improves its
profitability through lower unit operating and development costs."


PERFUMANIA HOLDINGS: US Trustee Unable to Appoint Panel for Model
-----------------------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of Model Reorg Acquisition, LLC,
as of Sept. 12, according to a court docket.

                    About Perfumania Holdings

Perfumania Holdings, Inc. (PERF) --
http://www.perfumaniaholdings.com/-- is a specialty retailer and  
distributor of fragrances and related beauty products across the
United States.  Perfumania has a 30-year history of innovative
marketing and sales management, brand development, license sourcing
and wholesale distribution making it the premier destination for
fragrances and other beauty supplies.  As of Aug. 26, 2017,
Perfumania, Inc., operated a chain of 226 retail stores,
specializing in the sale of fragrances and related products at
discounted prices up to 75% below the manufacturers' suggested
retail prices.

Perfumania reported a net loss of $23.63 million for the fiscal
year ended Jan. 28, 2017, and a net loss of $11.67 million for the
fiscal year ended Jan. 30, 2016.  

As of April 29, 2017, Perfumania had $304.7 million in total
assets, $253.9 million in total liabilities and $50.80 million in
total shareholders' equity.

On Aug. 26, 2017, Model Reorg Acquisition, LLC, and 18 affiliated
debtors, including Perfumania Holdings, Inc., each filed voluntary
petitions in the United States Bankruptcy Court for the District of
Delaware seeking relief under chapter 11 of the United States
Bankruptcy Code.  The Debtors are seeking to have their cases
jointly administered for procedural purposes under the case docket
for Model Reorg Acquisition, LLC (Bankr. D. Del. Case No.
17-11794).

Skadden, Arps, Slate, Meagher & Flom LLP is serving as legal
counsel, Ankura Consulting Group, LLC is serving as financial
advisor, and Imperial Capital is serving as investment banker to
the Company.

The Skadden team includes Corporate Restructuring partners Lisa
Laukitis and J. Gregory Milmoe (Boston), and associates Raquelle
Kaye (Boston), Esther Adzhiashvili and AZ Biazar, as well as
Corporate Restructuring and Bankruptcy Litigation partner Anthony
Clark (Wilmington) and associate Cameron Fee (Wilmington); Banking
partner Sarah Ward and associates Emily Stork, Shan Song (Chicago)
and Katherine Webb; Tax partner Brian Krause and associate Joseph
Soltis; and Corporate partner Richard Grossman (New York).  

Epiq Bankruptcy Solutions is the claims and noticing agent and
maintains the Web site http://dm.epiq11.com/perfumania


POTENTIAL DYNAMIX: Trustee Taps Resolution Strategies as Counsel
----------------------------------------------------------------
The Chapter 11 trustee for Potential Dynamix LLC seeks approval
from the U.S. Bankruptcy Court for the District of Arizona to hire
Resolution Strategies LLP.

Timothy Shaffer, the bankruptcy trustee, proposes to hire the firm
as special counsel to represent him in negotiations to resolve the
case he filed against Amazon Services, LLC (Case No. 13-00799).

The case, which has been ongoing for over four years, involves both
damages from a stay violation and an inventory accounting for
approximately 30,000 products the Debtor sold on Amazon's website.

The firm has agreed to receive 4% of the gross settlement amount
and to limit the amount of its fee to $600,000.

Resolution Strategies has no connection to the trustee, the Debtor
or its creditors, according to court filings.

The firm maintains an office at:

     Resolution Strategies LLP
     515 NW Saltzman Road, Suite 909
     Portland, OR 97229
     Tel: 503-226-2800

The trustee is represented by:

     Dale C. Schian, Esq.
     Scott R. Goldberg, Esq.
     Schian Walker P.L.C.
     1850 N. Central Ave., Suite 900
     Phoenix, AZ 85004-4531
     Phone: 602-277-1501
     Email: dale@biz.law
     Email: scott@biz.law

                  About Potential Dynamix LLC

Potential Dynamix LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Ariz. Case No. 11-28944) on October 13,
2011.  Daniel Bellino, its managing member, signed the petition.

At the time of the filing, the Debtor disclosed that it had
estimated assets and liabilities of $1,000,001 to $10,000,000.

Judge Daniel P. Collins presides over the case.  James F. Kahn,
P.C. represented the Debtor as legal counsel.

On January 27, 2012, Timothy H. Shaffer was appointed as Chapter 11
trustee.  The trustee hired Schian Walker P.L.C. as bankruptcy
counsel.

An official committee of unsecured creditors was appointed in the
Debtor's case.  Allen Barnes & Jones, PLC represents the committee
as legal counsel.


PROMOMANAGERS INC: Files Chapter 11 Plan of Liquidation
-------------------------------------------------------
Promomanagers, Inc., filed with the U.S. Bankruptcy Court for the
District of Massachusetts a small business combined plan of
liquidation and disclosure statement.

The liquidation Plan proposes to pay Class 2 unsecured creditors a
pro rata dividend of the Creditor Fund on the Effective Date of the
Plan. Unsecured creditor claims are approximately $237,970.90
inclusive of the unsecured claims of the taxing authorities.

The Debtor contemplates that it will collect the sums which are due
to the Debtor prior to the assets sale all as outlined in the Asset
Purchase Agreement. The distributions under the Plan will be from
cash on hand from the sale proceeds as well as the collection of
accounts receivable from which the Debtor proposes to pay its
post-petition obligations, its administrative creditors, priority
tax claims, and the Massachusetts Department of Revenue which is
the only secured creditor.

The funds for distribution under the Plan are being held by Nina M.
Parker, Esq. counsel to the Debtor who shall serve as Disbursing
Agent and shall make the payments required on the Effective Date.

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

     http://bankrupt.com/misc/mab17-10747-68.pdf

                  About PromoManagers Inc.

PromoManagers provides promotional products from leading brands
such as Norwood, Leeds, Gemline, Bic, Port Authority, Sweda, Prime,
Columbia and Hit among others. The company has extensive experience
in the industry having shipped products around the world.

PromoManagers sought Chapter 11 protection (Bankr. D. Mass. Case
No. 17-10747) on March 6, 2016.  The Debtor is represented by Nina
M. Parker, Esq., at Parker & Associates.


PUERTO RICO: Decagon, et al., Hold $2.6-Bil. of Sr. COFINA Bonds
----------------------------------------------------------------
The COFINA Senior Bondholders' Coalition, comprised of Jose F.
Rodriguez, Fideicomiso Plaza, and certain institutions that hold
and/or manage funds, entities and/or accounts holding approximately
33% of all senior bonds issued by the Puerto Rico Sales Tax
Financing Corporation ("COFINA"), submitted a first supplemental
verified statement pursuant to Rule 2019 of the Federal Rules of
Bankruptcy Procedure on Aug. 18, 2017.

Certain members of the COFINA Senior Bondholders' Coalition
initially retained Quinn Emanuel Urquhart & Sullivan, LLP, in June
2015.  In August 2015, the COFINA Senior Bondholders' Coalition
retained Reichard & Escalera LLC -- together with Quinn Emanuel --
as Counsel.  From time to time thereafter, certain additional
holders of COFINA Senior Bonds have joined the COFINA Senior
Bondholders' Coalition.  Counsel appears in the Case on behalf of
the COFINA Senior Bondholders' Coalition.

As reported in the July 31, 2017 edition of the TCR, the
Bondholders' attorneys submitted on July 25 an initial verified
statement, reporting that the members of the COFINA Senior
Bondholders' Coalition held disclosable economic interests in
relation to COFINA totaling $2,544,019,827 of COFINA Senior Bonds
and $602,007,190 of COFINA Subordinate Bonds.

The Bondholders' Counsel on Aug. 18, 2017, submitted a First
Supplemental Statement to update the disclosable economic interests
currently held by the COFINA Senior Bondholders' Coalition.  No new
members were added to, or removed from, the COFINA Senior
Bondholders' Coalition.

According to the First Supplemental Statement, the members of the
COFINA Senior Bondholders' Coalition hold disclosable economic
interests, or act as investment advisors or managers to funds,
entities and/or accounts or their respective affiliates that hold
disclosable economic interests in relation to COFINA.  The members
of COFINA Senior Bondholders' Coalition hold, or are the investment
advisors or managers to funds, entities and/or accounts that hold,
$2,608,424,626 in aggregate amount of COFINA Senior Bonds and
$616,400,783 in aggregate amount of COFINA subordinate bonds, based
on their accreted value as of Aug. 11, 2017:

   1. Jose F. Rodriguez
      PO Box 8848,
      San Juan, PR 00910

      * $250,000 COFINA Senior Bonds

   2. Fideicomiso Plaza
      131 Dorado Beach East,
      Dorado PR 00646

      * $1,210,000 COFINA Senior Bonds

   3. Decagon Holdings 1, L.L.C.
      800 Boylston Street,
      Boston, MA 02199

      * $3,245,323 Insured COFINA Senior Bonds
      * $25,889,077 Uninsured COFINA Senior Bonds
      * $27,058,400 Uninsured COFINA Subordinate Bonds

   4. Decagon Holdings 2, L.L.C.
      800 Boylston Street,
      Boston, MA 02199

      * $4,281,667 Insured COFINA Senior Bonds
      * $33,690,007 Uninsured COFINA Senior Bonds
      * $34,312,678 Uninsured COFINA Subordinate Bonds

   5. Decagon Holdings 3, L.L.C.
      800 Boylston Street,
      Boston, MA 02199

      * $1,734,997 Insured COFINA Senior Bonds
      * $13,768,894 Uninsured COFINA Senior Bonds
      * $14,416,595 Uninsured COFINA Subordinate Bonds

   6. Decagon Holdings 4, L.L.C.
      800 Boylston Street,
      Boston, MA 02199

      * $16,995,636 Insured COFINA Senior Bonds
      * $139,870,667 Uninsured COFINA Senior Bonds
      * $143,303,713 Uninsured COFINA Subordinate Bonds

   7. Decagon Holdings 5, L.L.C.
      800 Boylston Street, Boston, MA 02199

      * $5,230,474 Insured COFINA Senior Bonds
      * $41,717,752 Uninsured COFINA Senior Bonds
      * $43,759,249 Uninsured COFINA Subordinate Bonds

   8. Decagon Holdings 6, L.L.C.
      800 Boylston Street,
      Boston, MA 02199

      * $1,981,159 Insured COFINA Senior Bonds
      * $15,755,481 Uninsured COFINA Senior Bonds
      * $15,796,450 Uninsured COFINA Subordinate Bonds

   9. Decagon Holdings 7, L.L.C.
      800 Boylston Street,
      Boston, MA 02199

      * $11,434,134 Insured COFINA Senior Bonds
      * $92,587,574 Uninsured COFINA Senior Bonds
      * $104,057,055 Uninsured COFINA Subordinate Bonds

  10. Decagon Holdings 8, L.L.C.
      800 Boylston Street, Boston, MA 02199

      * $3,221,581 Insured COFINA Senior Bonds
      * $27,530,263 Uninsured COFINA Senior Bonds
      * $29,456,606 Uninsured COFINA Subordinate Bonds

  11. Decagon Holdings 9, L.L.C.
      800 Boylston Street,
      Boston, MA 02199

      * $2,059,789 Insured COFINA Senior Bonds
      * $16,205,794 Uninsured COFINA Senior Bonds
      * $17,448,927 Uninsured COFINA Subordinate Bonds

  12. Decagon Holdings 10, L.L.C.
      800 Boylston Street,
      Boston, MA 02199

      * $1,483,722 Insured COFINA Senior Bonds
      * $11,651,763 Uninsured COFINA Senior Bonds
      * $12,533,767 Uninsured COFINA Subordinate Bonds

  13. Tilden Park Investment Master Fund LP
      c/o Tilden Park Capital Management LP
      452 5th Ave, 28th Floor
      New York, NY 10018

      * $13,094,757 Insured COFINA Senior Bonds
      * $443,828,964 Uninsured COFINA Senior Bonds
      * $9,160,998 Uninsured COFINA Subordinate Bonds

  14. GoldenTree Asset Management LP
      300 Park Avenue, 20th Floor
      New York, NY 10022

      * $202,454,264 Insured COFINA Senior Bonds
      * $274,438,613 Uninsured COFINA Senior Bonds
      * $110,360,264 Uninsured COFINA Subordinate Bonds

  15. Canyon Capital Advisors LLC
      2000 Avenue of the Stars, 11th Floor
      Los Angeles, CA 90067

      * $303,080,000 COFINA Senior Bonds

  16. Old Bellows Partners LP
      660 Madison Ave, #20
      New York, NY 10065

      * $213,338,900 Uninsured COFINA Senior Bonds

  17. Scoggin Management LP
      660 Madison Ave, #20
      New York, NY 10065

      * $59,716,100 Uninsured COFINA Senior Bonds

  18. Whitebox Advisors LLC
      3033 Excelsior Boulevard, Suite 300
      Minneapolis, MN 55416

      * $53,731,711 Insured COFINA Senior Bonds
      * $71,497,752 Uninsured COFINA Senior Bonds
      * $28,289,093 Uninsured COFINA Subordinate Bonds

  19. Merced Capital, L.P.
      601 Carlson Parkway, Suite 200
      Minnetonka, MN 55305

      * $20,583,988 Insured COFINA Senior Bonds
      * $15,535,089 Uninsured COFINA Senior Bonds

  20. Taconic Capital Advisors L.P.
      280 Park Avenue, 5th Floor
      New York, NY 10017

      * $111,078,300 Insured COFINA Senior Bonds
      * $23,650,000 Uninsured COFINA Senior Bonds
      * $22,011,988 Uninsured COFINA Subordinate Bonds

  21. Varde Partners, Inc.
      901 Marquette Avenue South, Suite 3300
      Minneapolis, MN 55402

      * $136,172,145 Uninsured COFINA Senior Bonds

  22. Cyrus Capital Partners, L.P.
      399 Park Avenue, 39th Floor
      New York, NY 10022

      * $93,298,287 Insured COFINA Senior Bonds

  23. Aristeia Capital, L.L.C.
      One Greenwich Plaza, 3rd Floor
      Greenwich, CT 06830

      * $102,590,000 Uninsured COFINA Senior Bonds
      * $4,435,000 Uninsured COFINA Subordinate Bonds

A copy of the First Supplemental Statement is available at:

          http://bankrupt.com/misc/PR_1090_2019_COFINA.pdf

Co-Counsel for the COFINA Senior Bondholders:

         Rafael Escalera, Esq.
         Sylvia M. Arizmendi, Esq.
         Fernando Van Derdys, Esq.
         Carlos R. Rivera-Ortiz, Esq.
         Gustavo A. Pabon-Rico, Esq.
         REICHARD & ESCALERA
         255 Ponce de Leon Avenue
         MCS Plaza, 10th Floor
         San Juan, Puerto Rico 00917-1913
         E-mail: escalera@reichardescalera.com
                 arizmendis@reichardescalera.com
                 fvander@reichardescalera.com
                 riverac@reichardescalera.com
                 pabong@reichardescalera.com

               - and -

         Susheel Kirpalani, Esq.
         Eric Winston, Esq.
         Daniel Salinas, Esq.
         Eric Kay, Esq.
         Kate Scherling, Esq.
         Brant Duncan Kuehn, Esq.
         QUINN EMANUEL URQUHART & SULLIVAN, LLP
         51 Madison Avenue, 22nd Floor
         New York, New York 10010-1603
         E-mail: susheelkirpalani@quinnemanuel.com
                 ericwinston@quinnemanuel.com
                 danielsalinas@quinnemanuel.com
                 erickay@quinnemanuel.com
                 katescherling@quinnemanuel.com
                 brantkuehn@quinnemanuel.com

                       About Puerto Rico

Puerto Rico is a self-governing commonwealth in association with
the United States that's facing a massive bond debt of $70 billion,
a 68% debt-to-GDP ratio and negative economic growth in nine of the
last 10 years.

The Commonwealth of Puerto Rico has sought bankruptcy protection,
aiming to restructure its massive $74 billion debt-load and $49
billion in pension obligations.

The debt restructuring petition was filed by Puerto Rico's
financial oversight board in U.S. District Court in Puerto Rico
(Case No. 17-01578) on May 3, 2017, and was made under Title III of
2016's U.S. Congressional rescue law known as the Puerto Rico
Oversight, Management, and Economic Stability Act ("PROMESA").

The Financial Oversight and Management Board later commenced Title
III cases for the Puerto Rico Sales Tax Financing Corporation
(COFINA) on May 5, 2017, and the Employees Retirement System (ERS)
and the Puerto Rico Highways and Transportation Authority (HTA) on
May 21, 2017.  On July 2, 2017, a Title III case was commenced for
the Puerto Rico Electric Power Authority ("PREPA").

U.S. Chief Justice John Roberts has appointed U.S. District Judge
Laura Taylor Swain to oversee the Title III cases.  The Honorable
Judith Dein, a United States Magistrate Judge for the District of
Massachusetts, has been designated to preside over matters that may
be referred to her by Judge Swain, including discovery disputes,
and management of other pretrial proceedings.

Joint administration of the Title III cases, under Lead Case No.
17-3283, was granted on June 29, 2017.

The Oversight Board has hired as advisors, Proskauer Rose LLP and
O'Neill & Borges LLC as legal counsel, McKinsey & Co. as strategic
consultant, Citigroup Global Markets, as municipal investment
banker, and Ernst & Young, as financial advisor.

Martin J. Bienenstock, Esq., Scott K. Rutsky, Esq., and Philip M.
Abelson, Esq., of Proskauer Rose; and Hermann D. Bauer, Esq., at
O'Neill & Borges are onboard as attorneys.

McKinsey & Co. is the Board's strategic consultant, Ernst & Young
is the Board's financial advisor, and Citigroup Global Markets Inc.
is the Board's municipal investment banker.

Prime Clerk LLC is the claims and noticing agent.  Prime Clerk
maintains a case web site at:

           https://cases.primeclerk.com/puertorico

Epiq Bankruptcy Solutions LLC is the service agent for ERS, HTA,
and PREPA.

O'Melveny & Myers LLP is counsel to the Commonwealth's Puerto Rico
Fiscal Agency and Financial Advisory Authority (AAFAF), the agency
responsible for negotiations with bondholders.

The Oversight Board named Professor Nancy B. Rapoport as fee
examiner and to chair a committee to review professionals' fees.

                      Bondholders' Attorneys

Toro, Colon, Mullet, Rivera & Sifre, P.S.C. and Kramer Levin
Naftalis & Frankel LLP serve as counsel to the Mutual Fund Group,
comprised of mutual funds managed by Oppenheimer Funds, Inc.,
Franklin Advisers, Inc., and the First Puerto Rico Family of Funds,
which collectively hold over $3.5 billion in COFINA Bonds and over
$2.9 billion in other bonds issued by Puerto Rico and other
instrumentalities, including over $1.8 billion of Puerto Rico
general obligation bonds ("GO Bonds").

White & Case LLP and Lopez Sanchez & Pirillo LLC represent the UBS
Family of Funds and the Puerto Rico Family of Funds, which hold
$613.3 million in COFINA bonds.

Paul, Weiss, Rifkind, Wharton & Garrison LLP, Robbins, Russell,
Englert, Orseck, Untereiner & Sauber LLP, and Jimenez, Graffam &
Lausell are co-counsel to the ad hoc group of General Obligation
Bondholders, comprised of Aurelius Capital Management, LP, Autonomy
Capital (Jersey) LP, FCO Advisors LP, Franklin Mutual Advisers LLC,
Monarch Alternative Capital LP, Senator Investment Group LP, and
Stone Lion Capital Partners L.P.

Quinn Emanuel Urquhart & Sullivan, LLP and Reichard & Escalera are
co-counsel to the ad hoc coalition of holders of senior bonds
issued by COFINA, comprised of at least 30 institutional holders,
including Canyon Capital Advisors LLC and Varde Investment
Partners, L.P.

Correa Acevedo & Abesada Law Offices, P.S.C., is counsel to Canyon
Capital Advisors, LLC, River Canyon Fund Management, LLC, Davidson
Kempner Capital Management LP, OZ Management, LP, and OZ Management
II LP (the QTCB Noteholder Group).

                           Committees

The U.S. Trustee formed a nine-member Official Committee of
Retirees and a seven-member Official Committee of Unsecured
Creditors of the Commonwealth.  The Retiree Committee tapped Jenner
& Block LLP and Bennazar, Garcia & Milian, C.S.P., as its
attorneys.  The Creditors Committee tapped Paul Hastings LLP and
O'Neill & Gilmore LLC as counsel.


PUERTO RICO: Oppenheimer et al. Hold $4.609 Billion of Bonds
------------------------------------------------------------
Pursuant to Rule 2019 of the Federal Rules of Bankruptcy Procedure,
a verified statement was submitted by Mutual Fund Group, which is
comprised of certain holders of bonds issued by the Puerto Rico
Sales Tax Financing Corporation ("COFINA") and other bonds issued
by the Commonwealth of Puerto Rico and its instrumentalities in
connection with the Title III cases.

On June 26 and June 27, 2014, certain funds managed or advised by
OppenheimerFunds, Inc. and Franklin Advisers, Inc., retained Kramer
Levin Naftalis & Frankel LLP to challenge as unconstitutional the
recently passed and soon to be enacted Puerto Rico Debt Enforcement
and Recovery Act.

Kramer Levin later became engaged to represent Franklin and
Oppenheimer as a group in connection with a potential restructuring
of bonds issued by the Commonwealth of Puerto Rico and its
instrumentalities.  In February 2016, certain funds managed or
advised by Santander Asset Management, LLC, joined the Mutual Fund
Group in connection with a potential restructuring of the Bonds.

The Members hold, or are the investment advisors or managers of
funds or accounts that hold, approximately $759 million in
aggregate amount of uninsured senior Bonds (based on their accreted
value as of August 10, 2017) and approximately $2.1 billion in
aggregate amount of uninsured subordinate bonds (based on their
accreted value as of August 10, 2017) as of August 10, 2017.  The
Members also hold, or are the investment advisors or managers of
funds or accounts that hold, approximately $1.75 billion in
aggregate amount of uninsured bonds issued or guaranteed by the
Commonwealth of Puerto Rico.

In accordance with Bankruptcy Rule 2019, the address and nature and
amount of all disclosable economic interests for each Member is set
forth as follows:

   1. Franklin Advisers, Inc.
      One Franklin Parkway, San Mateo, CA 94403

      Debtor        Economic Interests
      ------        ------------------
      Commonwealth  Uninsured: $294,785,000
                    Insured: $73,580,000
      COFINA        Sr. Uninsured: $53,825,000
                    Sr. Insured: $0
                    Jr. Uninsured: $584,213,000
                    Jr. Insured: $0
      HTA           Uninsured: $0
                    Insured: $0
      ERS           Uninsured: $0
                    Insured: $0
      PREPA         Uninsured: $781,514,516
                    Insured: $5,000,000

   2. OppenheimerFunds, Inc.
      350 Linden Oaks, Rochester, NY 14625

      Debtor        Economic Interests
      ------        ------------------
      Commonwealth  Uninsured: $1,453,215,000
                    Insured: $130,906,000
      COFINA        Sr. Uninsured: $520,932,000
                    Sr. Insured: $131,031,000
                    Jr. Uninsured: $1,310,571,000
                    Jr. Insured: $0
      HTA           Uninsured: $249,095,000
                    Insured: $144,540,000
      ERS           Uninsured: $0
                    Insured: $0
      PREPA         Uninsured: $903,208,000
                    Insured: $53,640,000

   3. Santander Asset Management, LLC
      GAM Tower, Suite 200
      2 Tabonuco Street
      Guaynabo, PR 06968

      Debtor        Economic Interests
      ------        ------------------
      Commonwealth  Uninsured: $1,500,000
                    Insured: $1,105,000
      COFINA        Sr. Uninsured: $184,414,000
                    Sr. Insured: $42,080,000
                    Jr. Uninsured: $242,968,000
                    Jr. Insured: $0
      HTA           Uninsured: $0
                    Insured: $6,085,000
      ERS           Uninsured: $0
                    Insured: $0

The Mutual Fund Group's attorneys:

        Manuel Fernandez-Bared, Esq.
        Linette Figueroa-Torres, Esq.
        Jane Patricia Van Kirk, Esq.
        TORO, COLON, MULLET, RIVERA & SIFRE, P.S.C.
        P.O. Box 195383
        San Juan, PR 00919-5383
        Tel: (787) 751-8999
        Fax: (787) 763-7760
        E-mail: mfb@tcmrslaw.com
        E-mail: lft@tcmrslaw.com
        E-mail: jvankirk@tcmrslaw.com

               - and -

        Thomas Moers Mayer, Esq.
        Amy Caton, Esq.
        Philip Bentley, Esq.
        David E. Blabey, Jr., Esq.
        Douglas Buckley, Esq.
        KRAMER LEVIN NAFTALIS & FRANKEL LLP
        1177 Avenue of the Americas
        New York, New York 10036
        Tel: (212) 715-9100
        Fax: (212) 715-8000
        E-mail: tmayer@kramerlevin.com
                acaton@kramerlevin.com
                pbentley@kramerlevin.com
                dblabey@kramerlevin.com
                dbuckley@kramerlevin.com

A copy of the Verified Statement filed Aug. 16, 2017, is available
at:

    http://bankrupt.com/misc/PR_1056_2019_MF_Group.pdf

                       About Puerto Rico

Puerto Rico is a self-governing commonwealth in association with
the United States that's facing a massive bond debt of $70 billion,
a 68% debt-to-GDP ratio and negative economic growth in nine of the
last 10 years.

The Commonwealth of Puerto Rico has sought bankruptcy protection,
aiming to restructure its massive $74 billion debt-load and $49
billion in pension obligations.

The debt restructuring petition was filed by Puerto Rico's
financial oversight board in U.S. District Court in Puerto Rico
(Case No. 17-01578) on May 3, 2017, and was made under Title III of
2016's U.S. Congressional rescue law known as the Puerto Rico
Oversight, Management, and Economic Stability Act ("PROMESA").

The Financial Oversight and Management Board later commenced Title
III cases for the Puerto Rico Sales Tax Financing Corporation
(COFINA) on May 5, 2017, and the Employees Retirement System (ERS)
and the Puerto Rico Highways and Transportation Authority (HTA) on
May 21, 2017.  On July 2, 2017, a Title III case was commenced for
the Puerto Rico Electric Power Authority ("PREPA").

U.S. Chief Justice John Roberts has appointed U.S. District Judge
Laura Taylor Swain to oversee the Title III cases.  The Honorable
Judith Dein, a United States Magistrate Judge for the District of
Massachusetts, has been designated to preside over matters that may
be referred to her by Judge Swain, including discovery disputes,
and management of other pretrial proceedings.

Joint administration of the Title III cases, under Lead Case No.
17-3283, was granted on June 29, 2017.

The Oversight Board has hired as advisors, Proskauer Rose LLP and
O'Neill & Borges LLC as legal counsel, McKinsey & Co. as strategic
consultant, Citigroup Global Markets, as municipal investment
banker, and Ernst & Young, as financial advisor.

Martin J. Bienenstock, Esq., Scott K. Rutsky, Esq., and Philip M.
Abelson, Esq., of Proskauer Rose; and Hermann D. Bauer, Esq., at
O'Neill & Borges are onboard as attorneys.

McKinsey & Co. is the Board's strategic consultant, Ernst & Young
is the Board's financial advisor, and Citigroup Global Markets Inc.
is the Board's municipal investment banker.

Prime Clerk LLC is the claims and noticing agent.  Prime Clerk
maintains a case web site at:

           https://cases.primeclerk.com/puertorico

Epiq Bankruptcy Solutions LLC is the service agent for ERS, HTA,
and PREPA.

O'Melveny & Myers LLP is counsel to the Commonwealth's Puerto Rico
Fiscal Agency and Financial Advisory Authority (AAFAF), the agency
responsible for negotiations with bondholders.

The Oversight Board named Professor Nancy B. Rapoport as fee
examiner and to chair a committee to review professionals' fees.

                      Bondholders' Attorneys

Toro, Colon, Mullet, Rivera & Sifre, P.S.C. and Kramer Levin
Naftalis & Frankel LLP serve as counsel to the Mutual Fund Group,
comprised of mutual funds managed by Oppenheimer Funds, Inc.,
Franklin Advisers, Inc., and the First Puerto Rico Family of Funds,
which collectively hold over $3.5 billion in COFINA Bonds and over
$2.9 billion in other bonds issued by Puerto Rico and other
instrumentalities, including over $1.8 billion of Puerto Rico
general obligation bonds ("GO Bonds").

White & Case LLP and Lopez Sanchez & Pirillo LLC represent the UBS
Family of Funds and the Puerto Rico Family of Funds, which hold
$613.3 million in COFINA bonds.

Paul, Weiss, Rifkind, Wharton & Garrison LLP, Robbins, Russell,
Englert, Orseck, Untereiner & Sauber LLP, and Jimenez, Graffam &
Lausell are co-counsel to the ad hoc group of General Obligation
Bondholders, comprised of Aurelius Capital Management, LP, Autonomy
Capital (Jersey) LP, FCO Advisors LP, Franklin Mutual Advisers LLC,
Monarch Alternative Capital LP, Senator Investment Group LP, and
Stone Lion Capital Partners L.P.

Quinn Emanuel Urquhart & Sullivan, LLP and Reichard & Escalera are
co-counsel to the ad hoc coalition of holders of senior bonds
issued by COFINA, comprised of at least 30 institutional holders,
including Canyon Capital Advisors LLC and Varde Investment
Partners, L.P.

Correa Acevedo & Abesada Law Offices, P.S.C., is counsel to Canyon
Capital Advisors, LLC, River Canyon Fund Management, LLC, Davidson
Kempner Capital Management LP, OZ Management, LP, and OZ Management
II LP (the QTCB Noteholder Group).

                           Committees

The U.S. Trustee formed a nine-member Official Committee of
Retirees and a seven-member Official Committee of Unsecured
Creditors of the Commonwealth.  The Retiree Committee tapped Jenner
& Block LLP and Bennazar, Garcia & Milian, C.S.P., as its
attorneys.  The Creditors Committee tapped Paul Hastings LLP and
O'Neill & Gilmore LLC as counsel.


PUERTO RICO: Puerto Rico Mutual Funds Hold $1.36 Billion of Bonds
-----------------------------------------------------------------
Pursuant to Rule 2019 of the Federal Rules of Bankruptcy Procedure,
a verified statement was submitted by White & Case LLP and Lopez
Sanchez & Pirillo LLC on their own behalf and on behalf of certain
Puerto Rico-based mutual funds -- Puerto Rico Funds -- holding
bonds issued by COFINA, ERS, PREPA, HTA, the Commonwealth and other
instrumentalities of the Commonwealth.

White & Case is an international law firm that maintains its
principal office at 1221 Avenue of the Americas, New York, New York
10020, and numerous additional offices throughout the United States
and worldwide.  Lopez Sanchez is a local law firm that maintains
its principal office at 270 Munoz Rivera Avenue, Suite 1110, San
Juan, Puerto Rico 00918.

In September 2015, the Puerto Rico Funds engaged White & Case to
represent their interests as beneficial holders of the Bonds.  The
Puerto Rico Funds engaged Lopez Sanchez as co-counsel in or around
December 2015.

The Puerto Rico Funds hold disclosable economic interests in
relation to the Title III Debtors, holding, as of July 31, 2017,
approximately $1.36 billion in aggregate principal amount of the
Bonds issued by such Title III Debtors:

   1. Tax-Free Puerto Rico Fund, Inc.
      American International Plaza Building
      250 Munoz Rivera Avenue
      San Juan, Puerto Rico 00918

      Debtor    Economic Interests
      ------    ------------------
      ERS       CIBs: $13,350,000.00
      COFINA    Sr. Current Interest Bonds ("CIBs"): $25,455,000
                Jr. CIBs: $11,652,280.00
                Jr. Capital Apprec. Bonds ("CABs"): $9,574,857
      PREPA     $490,000

   2. Tax-Free Puerto Rico Fund II, Inc.
      American International Plaza Building
      250 Munoz Rivera Avenue
      San Juan, Puerto Rico 00918

      Debtor    Economic Interests
      ------    ------------------
      ERS       CIBs: $31,950,000
      COFINA    Sr. CIBs: $10,430,000
                Jr. CIBs: $24,260,000
      PREPA     $235,000.00

   3. Tax-Free Puerto Rico Target Maturity Fund, Inc.
      American International Plaza Building
      250 Munoz Rivera Avenue
      San Juan, Puerto Rico 00918

      Debtor    Economic Interests
      ------    ------------------
      ERS       CIBs: $52,100,000
      COFINA    Sr. CIBs: $26,950,000
                Jr. CIBs: $2,500,000

   4. Puerto Rico AAA Portfolio Bond Fund, Inc.
      American International Plaza Building
      250 Munoz Rivera Avenue
      San Juan, Puerto Rico 00918

      Debtor    Economic Interests
      ------    ------------------
      ERS       CIBs: $13,325,000
      COFINA    Sr. CABs: $15,202,922
                Jr. CIBs: $42,170,000

   5. Puerto Rico AAA Portfolio Bond Fund II, Inc.
      American International Plaza Building
      250 Munoz Rivera Avenue
      San Juan, Puerto Rico 00918

      Debtor    Economic Interests
      ------    ------------------
      ERS       CIBs: $5,000,000
      COFINA    Sr. CIBs: $2,900,000
                Jr. CIBs: $625,000

   6. Puerto Rico AAA Portfolio Target Maturity Fund, Inc.
      American International Plaza Building
      250 Munoz Rivera Avenue
      San Juan, Puerto Rico 00918

      Debtor        Economic Interests
      ------        ------------------
      ERS           CIBs: $5,500,000
                    CABs: $8,039,970
      COFINA        Sr. CABs: $6,106,974
      Commonwealth
       of P.R.      Insured: $6,860,000

   7. Puerto Rico Fixed Income Fund, Inc.
      American International Plaza Building
      250 Munoz Rivera Avenue
      San Juan, Puerto Rico 00918

      Debtor    Economic Interests
      ------    ------------------
      ERS       CIBs: $52,975,000
                CABs: $41,387,316
      COFINA    Sr. CIBs: $18,530,00
                Jr. CIBs: $2,465,000
                Jr. CABs: $4,280,681

   8. Puerto Rico Fixed Income Fund II, Inc.
      American International Plaza Building
      250 Munoz Rivera Avenue
      San Juan, Puerto Rico 00918

      Debtor    Economic Interests
      ------    ------------------
      ERS       CIBs: $73,040,000
                CABs: $25,517,436
      COFINA    Sr. CIBs: $20,200,000
                Jr. CIBs: $6,688,000
                Jr. CABs: $15,215,755
      PREPA     $1,330,000

   9. Puerto Rico Fixed Income Fund III, Inc.
      American International Plaza Building
      250 Munoz Rivera Avenue
      San Juan, Puerto Rico 00918

      Debtor    Economic Interests
      ------    ------------------
      ERS       CIBs: $55,645,000
                CABs: $28,015,705
      COFINA    Sr. CIBs: $13,150,000
                Sr. CABs: $473,610
                Jr. CIBs: $21,200,600
                Jr. CABs: $8,681,382
      PREPA     $3,615,000

  10. Puerto Rico Fixed Income Fund IV, Inc.
      American International Plaza Building
      250 Munoz Rivera Avenue
      San Juan, Puerto Rico 00918

      Debtor    Economic Interests
      ------    ------------------
      ERS       CIBs: $77,150,000
                CABs: $16,158,587
      COFINA    Sr. CIBs: $52,200,000
                Jr. CIBs: $5,533,570
      PREPA     $4,985,000
      
  11. Puerto Rico Fixed Income Fund V, Inc.
      American International Plaza Building
      250 Munoz Rivera Avenue
      San Juan, Puerto Rico 00918

      Debtor    Economic Interests
      ------    ------------------
      ERS       CIBs: $92,680,000
                CABs: $18,142,089
      COFINA    Sr. CIBs: $10,220,000
                Jr. CIBs: $2,017,500
                Jr. CABs: $12,228,613
      PREPA     $2,970,000

  12. Puerto Rico Fixed Income Fund VI, Inc.
      American International Plaza Building
      250 Munoz Rivera Avenue
      San Juan, Puerto Rico 00918

      Debtor    Economic Interests
      ------    ------------------
      COFINA    Jr. CIBs: $2,708,050
      PREPA     $40,000

  13. Puerto Rico GNMA & US Government Target
        Maturity Fund, Inc.
      American International Plaza Building
      250 Munoz Rivera Avenue
      San Juan, Puerto Rico 00918

      Debtor    Economic Interests
      ------    ------------------
      ERS       CIBs: $7,500,000
                CABs: $2,736,030
      COFINA    Jr. CIBs: $11,570,000

  14. Puerto Rico Mortgage-Backed & US Govt. Securities
         Fund, Inc.
      American International Plaza Building
      250 Munoz Rivera Avenue
      San Juan, Puerto Rico 00918

      Debtor    Economic Interests
      ------    ------------------
      ERS       CIBs: $17,050,000
      COFINA    Sr. CIBs: $2,000,000
                Jr. CIBs: $3,800,000
                Jr. CABs: $5,170,194

  15. UBS IRA Select Growth & Income Puerto Rico Fund
      American International Plaza Building
      250 Munoz Rivera Avenue
      San Juan, Puerto Rico 00918

      Debtor    Economic Interests
      ------    ------------------
      COFINA    Sr. CABs: $1,848,306
                Jr. CABs: $4,406,462
      HTA       Insured: $1,015,000

  16. Puerto Rico Investors Tax-Free Fund, Inc.
      American International Plaza Building
      250 Munoz Rivera Avenue
      San Juan, Puerto Rico 00918

      Debtor    Economic Interests
      ------    ------------------
      ERS       CIBs: $6,090,000
      COFINA    Sr. CIBs: $15,820,000
                Sr. CABs: $4,044,154
                Jr. CIBs: $345,000

  17. Puerto Rico Investors Tax-Free Fund Inc. II
      American International Plaza Building
      250 Munoz Rivera Avenue
      San Juan, Puerto Rico 00918

      Debtor    Economic Interests
      ------    ------------------
      ERS       CIBs: $8,500,000
                CABs: $885,029

      COFINA    Sr. CIBs: $15,450,000
                Sr. CABs: $3,497,661

  18. Puerto Rico Investors Tax-Free Fund III, Inc.
      American International Plaza Building
      250 Munoz Rivera Avenue
      San Juan, Puerto Rico 00918

      Debtor    Economic Interests
      ------    ------------------
      ERS       CIBs: $11,105,000
      COFINA    Sr. CIBs: $24,950,000

  19. Puerto Rico Investors Tax-Free Fund IV, Inc.
      American International Plaza Building
      250 Munoz Rivera Avenue
      San Juan, Puerto Rico 00918

      Debtor    Economic Interests
      ------    ------------------
      ERS       CIBs: $8,195,000
      COFINA    Sr. CIBs: $18,145,000
                Sr. CABs: $5,369,596

  20. Puerto Rico Investors Tax-Free Fund V, Inc.
      American International Plaza Building
      250 Munoz Rivera Avenue
      San Juan, Puerto Rico 00918

      Debtor    Economic Interests
      ------    ------------------
      ERS       CIBs: $18,345,000
      COFINA    Sr. CIBs: $ 28,910,000
                Jr. CIBs: $11,585,000

  21. Puerto Rico Investors Tax-Free Fund VI, Inc.
      American International Plaza Building
      250 Munoz Rivera Avenue
      San Juan, Puerto Rico 00918

      Debtor    Economic Interests
      ------    ------------------
      ERS       CIBs: $23,260,000
      COFINA    Sr. CIBs: $55,520,000
                Sr. CABs: $5,137,989
                Jr. CIBs: $600,000
      HTA       $1,095,000

  22. Puerto Rico Investors Bond Fund I, Inc.
      American International Plaza Building
      250 Munoz Rivera Avenue
      San Juan, Puerto Rico 00918

      Debtor    Economic Interests
      ------    ------------------
      ERS       CIBs: $2,225,000
                CABs: $2,820,816
      COFINA    Sr. CABs: $23,434,322
                Jr. CIBs: $3,320,000
      HTA       $605,000

A copy of the Verified Statement filed Aug. 16, 2017, is available
at:

     http://bankrupt.com/misc/PR_1057_2019_AA_Funds.pdf

Counsel for Puerto Rico Funds:

         Jose C. Sanchez-Castro, Esq.
         Alicia I. Lavergne-Ramirez, Esq.
         Maraliz Vazquez-Marrero, Esq.
         LOPEZ SANCHEZ & PIRILLO LLC
         270 Munoz Rivera Avenue, Suite 1110
         San Juan, PR 00918
         Tel. (787) 522-6776
         Fax: (787) 522-6777
         E-mail: jsanchez@lsplawpr.com
                 alavergne@lsplawpr.com
                 mvazquez@lsplawpr.com

                - and -

         John K. Cunningham, Esq.
         WHITE & CASE LLP
         1221 Avenue of the Americas
         New York, NY 10020
         Tel (212) 819-8200
         Fax (212) 354-8113
         E-mail: jcunningham@whitecase.com

                - and -

         Jason N. Zakia, Esq.
         WHITE & CASE LLP
         200 S. Biscayne Blvd., Suite 4900
         Miami, FL 33131
         Tel: (305) 371-2700
         Fax: (305) 358-5744
         E-mail: jzakia@whitecase.com

                       About Puerto Rico

Puerto Rico is a self-governing commonwealth in association with
the United States that's facing a massive bond debt of $70 billion,
a 68% debt-to-GDP ratio and negative economic growth in nine of the
last 10 years.

The Commonwealth of Puerto Rico has sought bankruptcy protection,
aiming to restructure its massive $74 billion debt-load and $49
billion in pension obligations.

The debt restructuring petition was filed by Puerto Rico's
financial oversight board in U.S. District Court in Puerto Rico
(Case No. 17-01578) on May 3, 2017, and was made under Title III of
2016's U.S. Congressional rescue law known as the Puerto Rico
Oversight, Management, and Economic Stability Act ("PROMESA").

The Financial Oversight and Management Board later commenced Title
III cases for the Puerto Rico Sales Tax Financing Corporation
(COFINA) on May 5, 2017, and the Employees Retirement System (ERS)
and the Puerto Rico Highways and Transportation Authority (HTA) on
May 21, 2017.  On July 2, 2017, a Title III case was commenced for
the Puerto Rico Electric Power Authority ("PREPA").

U.S. Chief Justice John Roberts has appointed U.S. District Judge
Laura Taylor Swain to oversee the Title III cases.  The Honorable
Judith Dein, a United States Magistrate Judge for the District of
Massachusetts, has been designated to preside over matters that may
be referred to her by Judge Swain, including discovery disputes,
and management of other pretrial proceedings.

Joint administration of the Title III cases, under Lead Case No.
17-3283, was granted on June 29, 2017.

The Oversight Board has hired as advisors, Proskauer Rose LLP and
O'Neill & Borges LLC as legal counsel, McKinsey & Co. as strategic
consultant, Citigroup Global Markets, as municipal investment
banker, and Ernst & Young, as financial advisor.

Martin J. Bienenstock, Esq., Scott K. Rutsky, Esq., and Philip M.
Abelson, Esq., of Proskauer Rose; and Hermann D. Bauer, Esq., at
O'Neill & Borges are onboard as attorneys.

McKinsey & Co. is the Board's strategic consultant, Ernst & Young
is the Board's financial advisor, and Citigroup Global Markets Inc.
is the Board's municipal investment banker.

Prime Clerk LLC is the claims and noticing agent.  Prime Clerk
maintains a case web site at:

           https://cases.primeclerk.com/puertorico

Epiq Bankruptcy Solutions LLC is the service agent for ERS, HTA,
and PREPA.

O'Melveny & Myers LLP is counsel to the Commonwealth's Puerto Rico
Fiscal Agency and Financial Advisory Authority (AAFAF), the agency
responsible for negotiations with bondholders.

The Oversight Board named Professor Nancy B. Rapoport as fee
examiner and to chair a committee to review professionals' fees.

                      Bondholders' Attorneys

Toro, Colon, Mullet, Rivera & Sifre, P.S.C. and Kramer Levin
Naftalis & Frankel LLP serve as counsel to the Mutual Fund Group,
comprised of mutual funds managed by Oppenheimer Funds, Inc.,
Franklin Advisers, Inc., and the First Puerto Rico Family of Funds,
which collectively hold over $3.5 billion in COFINA Bonds and over
$2.9 billion in other bonds issued by Puerto Rico and other
instrumentalities, including over $1.8 billion of Puerto Rico
general obligation bonds ("GO Bonds").

White & Case LLP and Lopez Sanchez & Pirillo LLC represent the UBS
Family of Funds and the Puerto Rico Family of Funds, which hold
$613.3 million in COFINA bonds.

Paul, Weiss, Rifkind, Wharton & Garrison LLP, Robbins, Russell,
Englert, Orseck, Untereiner & Sauber LLP, and Jimenez, Graffam &
Lausell are co-counsel to the ad hoc group of General Obligation
Bondholders, comprised of Aurelius Capital Management, LP, Autonomy
Capital (Jersey) LP, FCO Advisors LP, Franklin Mutual Advisers LLC,
Monarch Alternative Capital LP, Senator Investment Group LP, and
Stone Lion Capital Partners L.P.

Quinn Emanuel Urquhart & Sullivan, LLP and Reichard & Escalera are
co-counsel to the ad hoc coalition of holders of senior bonds
issued by COFINA, comprised of at least 30 institutional holders,
including Canyon Capital Advisors LLC and Varde Investment
Partners, L.P.

Correa Acevedo & Abesada Law Offices, P.S.C., is counsel to Canyon
Capital Advisors, LLC, River Canyon Fund Management, LLC, Davidson
Kempner Capital Management LP, OZ Management, LP, and OZ Management
II LP (the QTCB Noteholder Group).

                           Committees

The U.S. Trustee formed a nine-member Official Committee of
Retirees and a seven-member Official Committee of Unsecured
Creditors of the Commonwealth.  The Retiree Committee tapped Jenner
& Block LLP and Bennazar, Garcia & Milian, C.S.P., as its
attorneys.  The Creditors Committee tapped Paul Hastings LLP and
O'Neill & Gilmore LLC as counsel.


PUERTO RICO: QTCB Group Holds $690.9 Million of GO Bonds
--------------------------------------------------------
Pursuant to Rule 2019 of the Federal Rules of Bankruptcy Procedure,
a verified statement was submitted by the QTCB Noteholder Group, an
ad hoc group of holders of those certain Qualified School
Construction Bonds and Qualified Zone Academy Bonds issued by the
Puerto Rico Public Buildings Authority ("PBA") and guaranteed by
the Commonwealth of Puerto Rico.

In August 2015, certain members of the QTCB Noteholder Group
engaged Bracewell LLP to represent their interests as holders of
QTCBs.  From time to time thereafter, certain additional holders of
QTCBs have joined the QTCB Noteholder Group.  In May 2017, the QTCB
Noteholder Group retained Correa-Acevedo & Abesada Law Offices,
P.S.C. as its Puerto Rico counsel.

As of Aug. 16, 2017, the QTCB Noteholder Group has only taken a
position in the Commonwealth Title III case.  The members of the
QTCB Noteholder Group hold disclosable economic interests, or act
as investment advisors or managers to funds, entities and/or
accounts or their respective subsidiaries that hold disclosable
economic interests in relation to the Debtor.

In accordance with Bankruptcy Rule 2019 and based upon information
provided to Counsel by each member of the QTCB Noteholder Group,
Counsel submitted a list of the names, addresses, and nature and
amount of each disclosable economic interest of each current member
of the QTCB Noteholder Group as of Aug. 9, 2017:

   1. Canyon Capital Advisors LLC
      2000 Avenue of the Stars, 11th Floor
      Los Angeles, CA 90067

      Nature        Amount of Economic Interests
      ------        ----------------------------
      GO Bonds      Uninsured: $311,357,895
                    Insured: $10,433,800

   2. Davidson Kempner Capital Management LP
      520 Madison Avenue, 30th Floor
      New York, NY 10022

      Nature        Amount of Economic Interests
      ------        ----------------------------
      GO Bonds      Uninsured: $116,648,000
                    Insured: none

   3. OZ Management LP
      9 West 57th Street, 39th Floor
      New York, NY 10019

      Nature        Amount of Economic Interests
      ------        ----------------------------
      GO Bonds      Uninsured: $204,510,400
                    Insured: none

   4. OZ Management II LP
      9 West 57th Street
      39th Floor
      New York, NY 10019

      Nature        Amount of Economic Interests
      ------        ----------------------------
      GO Bonds      Uninsured: $47,965,600
                    Insured: none

A copy of the Verified Statement filed Aug. 16, 2017

        http://bankrupt.com/misc/PR_1053_2019_QTCB.pdf

Counsel to the QTCB Noteholder Group:

         Kurt A. Mayr, Esq.
         David L. Lawton, Esq.
         BRACEWELL LLP
         City Place I, 34th Floor
         185 Asylum Street
         Hartford, CT 06103
         Telephone: (860) 256-8534
         Facsimile: (860) 760-6814
         E-mail: kurt.mayr@bracewell.com

Puerto Rico Counsel to the QTCB Noteholder Group:

         Roberto Abesada-Aguet, Esq.
         Sergio E. Criado, Esq.
         CORREA ACEVEDO & ABESADA LAW OFFICES, P.S.C.
         Centro Internacional de Mercadeo, Torre II
         # 90 Carr. 165, Suite 407
         Guaynabo, P.R. 00968
         Tel: (787) 273-8300
         Fax: (787) 273-8379
         E-mail: ra@calopsc.com
                 scriado@calopsc.com

                       About Puerto Rico

Puerto Rico is a self-governing commonwealth in association with
the United States that's facing a massive bond debt of $70 billion,
a 68% debt-to-GDP ratio and negative economic growth in nine of the
last 10 years.

The Commonwealth of Puerto Rico has sought bankruptcy protection,
aiming to restructure its massive $74 billion debt-load and $49
billion in pension obligations.

The debt restructuring petition was filed by Puerto Rico's
financial oversight board in U.S. District Court in Puerto Rico
(Case No. 17-01578) on May 3, 2017, and was made under Title III of
2016's U.S. Congressional rescue law known as the Puerto Rico
Oversight, Management, and Economic Stability Act ("PROMESA").

The Financial Oversight and Management Board later commenced Title
III cases for the Puerto Rico Sales Tax Financing Corporation
(COFINA) on May 5, 2017, and the Employees Retirement System (ERS)
and the Puerto Rico Highways and Transportation Authority (HTA) on
May 21, 2017.  On July 2, 2017, a Title III case was commenced for
the Puerto Rico Electric Power Authority ("PREPA").

U.S. Chief Justice John Roberts has appointed U.S. District Judge
Laura Taylor Swain to oversee the Title III cases.  The Honorable
Judith Dein, a United States Magistrate Judge for the District of
Massachusetts, has been designated to preside over matters that may
be referred to her by Judge Swain, including discovery disputes,
and management of other pretrial proceedings.

Joint administration of the Title III cases, under Lead Case No.
17-3283, was granted on June 29, 2017.

The Oversight Board has hired as advisors, Proskauer Rose LLP and
O'Neill & Borges LLC as legal counsel, McKinsey & Co. as strategic
consultant, Citigroup Global Markets, as municipal investment
banker, and Ernst & Young, as financial advisor.

Martin J. Bienenstock, Esq., Scott K. Rutsky, Esq., and Philip M.
Abelson, Esq., of Proskauer Rose; and Hermann D. Bauer, Esq., at
O'Neill & Borges are onboard as attorneys.

McKinsey & Co. is the Board's strategic consultant, Ernst & Young
is the Board's financial advisor, and Citigroup Global Markets Inc.
is the Board's municipal investment banker.

Prime Clerk LLC is the claims and noticing agent.  Prime Clerk
maintains a case web site at:

           https://cases.primeclerk.com/puertorico

Epiq Bankruptcy Solutions LLC is the service agent for ERS, HTA,
and PREPA.

O'Melveny & Myers LLP is counsel to the Commonwealth's Puerto Rico
Fiscal Agency and Financial Advisory Authority (AAFAF), the agency
responsible for negotiations with bondholders.

The Oversight Board named Professor Nancy B. Rapoport as fee
examiner and to chair a committee to review professionals' fees.

                      Bondholders' Attorneys

Toro, Colon, Mullet, Rivera & Sifre, P.S.C. and Kramer Levin
Naftalis & Frankel LLP serve as counsel to the Mutual Fund Group,
comprised of mutual funds managed by Oppenheimer Funds, Inc.,
Franklin Advisers, Inc., and the First Puerto Rico Family of Funds,
which collectively hold over $3.5 billion in COFINA Bonds and over
$2.9 billion in other bonds issued by Puerto Rico and other
instrumentalities, including over $1.8 billion of Puerto Rico
general obligation bonds ("GO Bonds").

White & Case LLP and Lopez Sanchez & Pirillo LLC represent the UBS
Family of Funds and the Puerto Rico Family of Funds, which hold
$613.3 million in COFINA bonds.

Paul, Weiss, Rifkind, Wharton & Garrison LLP, Robbins, Russell,
Englert, Orseck, Untereiner & Sauber LLP, and Jimenez, Graffam &
Lausell are co-counsel to the ad hoc group of General Obligation
Bondholders, comprised of Aurelius Capital Management, LP, Autonomy
Capital (Jersey) LP, FCO Advisors LP, Franklin Mutual Advisers LLC,
Monarch Alternative Capital LP, Senator Investment Group LP, and
Stone Lion Capital Partners L.P.

Quinn Emanuel Urquhart & Sullivan, LLP and Reichard & Escalera are
co-counsel to the ad hoc coalition of holders of senior bonds
issued by COFINA, comprised of at least 30 institutional holders,
including Canyon Capital Advisors LLC and Varde Investment
Partners, L.P.

Correa Acevedo & Abesada Law Offices, P.S.C., is counsel to Canyon
Capital Advisors, LLC, River Canyon Fund Management, LLC, Davidson
Kempner Capital Management LP, OZ Management, LP, and OZ Management
II LP (the QTCB Noteholder Group).

                           Committees

The U.S. Trustee formed a nine-member Official Committee of
Retirees and a seven-member Official Committee of Unsecured
Creditors of the Commonwealth.  The Retiree Committee tapped Jenner
& Block LLP and Bennazar, Garcia & Milian, C.S.P., as its
attorneys.  The Creditors Committee tapped Paul Hastings LLP and
O'Neill & Gilmore LLC as counsel.


PUERTO RICO: Unsecured Committee Members Disclose Claims
--------------------------------------------------------
Pursuant to Rule 2019 of the Federal Rules of Bankruptcy Procedure,
the Official Committee of Unsecured Creditors of the Commonwealth
of Puerto Rico -- and other title III debtor(s) (if any) for which
it acts as the official committee of unsecured creditors --
submitted a verified statement.

On June 15, 2017, the Office of the United States Trustee for the
District of Puerto Rico filed a notice appointing a Creditors
Committee for Unsecured Creditors.

The Committee members hold unsecured claims against the
Commonwealth and its instrumentalities arising from a variety of
relationships, including, among others, that of trade creditors and
holders of labor claims and tax related claims.

None of the Committee members or their affiliates holds bonds
issued by the Commonwealth or its instrumentalities.

In accordance with Bankruptcy Rule 2019, the Committee has provided
a list of the names and addresses of, and the nature and amount of
all disclosable economic interests held by, each Committee member
in relation to the Debtors as of the Formation Date:

   1. American Federation of Teachers ("AFT")
      555 New Jersey Avenue, N.W., 11th Floor
      Washington, DC 20001

      AFT, as authorized agent for the Asociacion de Maestros de
Puerto Rico-Local Sindical, holds claims based upon rights arising
under a collective bargaining agreement ("CBA") with the Department
of Education of Puerto Rico and under statute, including, but not
limited to, (1) non-contingent claims held by AFT and/or its
members (a) for wage increases for years of service and career
enhancement as allowed by statute and/or contract but not paid, (b)
that are subject to grievance or arbitration procedures which have
not yet been processed or therefore liquidated, and (c) that are
for other terms of employment which may have been denied, and (2)
contingent claims including but not limited to claims arising in
connection with compensation, pension, medical and other benefits
and/or as a result of any breach or alteration of the CBA or
applicable statute or law.

   2. Drivetrain, LLC,
      as the Creditors' Trustee for Doral Financial Corp ("DFC")
      630 Third Avenue
      21st Floor
      New York, NY 10017

      DFC holds claims under a certain closing agreement, dated
Dec. 30, 2013, by and among the Secretary, in her capacity as
Secretary of the Treasury, and DFC and certain of its affiliates,
under which DFC became entitled to a credit for tax overpayments in
the amount of $34,097,526.  DFC also holds claims under certain
2006, 2007, and 2009 closing agreements, under which DFC is
entitled to accrue a $59,314,891 amortization deduction annually
from 2017 through 2021, for an aggregate deduction of
$296,574,455.

   3. Genesis Security Services, Inc.
      5900 Isla Verde Avenue
      L-2 PMB 438
      Carolina, PR 00979

      Genesis holds claims against the Commonwealth and its
instrumentalities under agreements for the provision of security
services, in these amounts:

                                                Claim Amount
                                                ------------
      Highways & Transportation Authority         $1,308,032
      Public Buildings Authority                    $128,960
      Department of Labor                         $2,180,442
      Dept. of Transportation and Public Works      $186,913
      Capitol Superintendence                       $386,223
      State Insurance Fund Corporation              $591,201
      Department of Education                    $10,443,933
      Telecommunications Regulatory Board            $10,587
      State Department                                $3,426
      Puerto Rico Department of the Family        $2,536,270
      General Services Administration               $387,894
      Maritime Transportation Authority           $2,445,559
      Maunabo Tunnel                                 $64,328
      PR Trade and Export Company                   $143,647
      Solid Waste Authority                          $48,941
      Medical Services Admin. – Medical Center      $129,900
      Conservatory of Music                           $7,611
      Puerto Rico Electric Power Authority        $2,480,454
      Department of Health                        $7,922,371
      Health CEM                                     $22,700
                                                 -----------
          Total                                  $31,429,389

   4. Puerto Rico Hospital Supply, Inc.
      Call Box 158
      Carolina, PR 00986-0158

      PR Hospital Supply holds claims against the Commonwealth and
its instrumentalities under agreements for the purchase of hospital
supplies, inventory, and related services, in the following
amounts:

                                                Claim Amount
                                                ------------
      PR Medical Center (ASEM)                      $709,018
      Adults' University Hospital                   $794,799
      Pediatric Hospital                            $720,461
      Ramon Luis Arnau Univ/ Hospital (Bayamon)      $26,709
      Correctional Health Service                     $6,996
      Cardiovascular Center Corporation             $740,926
      Camuy Health Services                           $2,375
      Medical Services Corporation (Hatillo)            $188
      Lares Health Center                             $5,504
      Migrant Health Center (Mayagüez)                $3,863
      Laboratory Services Program (San Juan)         $35,160
      State Insurance Fund Corporation               $58,408
      UPR Medical Sciences Campus                    $93,933
      Department of Health                          $102,171
      Automobile Accident Compensation Admin. (ACAA)  $6,250
      Mental Health & Anti-Addiction Svcs Admin.      $1,973
      Comprehensive Cancer Center                       $145
                                                  ----------
          Total                                   $3,308,880

   5. Service Employees International Union ("SEIU")
      1800 Massachusetts
      Avenue, N.W.
      Washington, DC 20036

      SEIU and its affiliates, SEIU Local 1996/Sindicato
Puertorriqueno de Trabajadores y Trabajadoras, and SEIU Local
1199/Union General de Trabajadores, hold contingent and
non-contingent claims, not currently liquidated, against the
Commonwealth and/or its instrumentalities based on (1) pay,
benefits and other terms of employment owing to SEIU members under
collective bargaining agreements with the Commonwealth and/or its
instrumentalities, including, but not limited to, (a) pay, benefits
and other terms of employment claimed in pre-petition union
grievances and arbitrations and (b) pay, benefits and other terms
of employment denied employees as a result of pre-petition
legislative, executive or other unilateral action by the
Commonwealth; and (2) pension and other post-employment benefits
that SEIU members have accrued as a result of their employment with
the Commonwealth and/or its instrumentalities.

   6. Total Petroleum Puerto Rico Corp. ("Total")
      Citi View Plaza Tower I
      48 Road 165 Oficina 803
      Guaynabo, PR 00968-8046

      Total holds claims arising under certain contracts with the
Commonwealth and its instrumentalities, including motor fuel
purchase and supply contracts, in the approximate amount of
$14,592,381 (as of June 30, 2017), including, but not limited to,
(i) claims against the Commonwealth in the amount of $10,743,294,
(inclusive of a related tax asset claim in the approximate amount
of $545,104.69 against the Puerto Rico Department of Treasury),
(ii) claims against Puerto Rico Electric Power Authority (PREPA) in
the approximate amount of $555,720, and (iii) claims against HTA in
the approximate amount of $8,646.

   7. The Unitech Engineering Group, S.E.
      Urb Sabanera
      40 Camino de la Cascada
      Cidra, Puerto Rico 00739

      Claims against the Commonwealth under certain construction
contracts, in the approximate amount of $11,284,463.  Claims
against the Public Buildings Authority under certain construction
contracts, in the approximate amount of $2,257,571.

Counsel to the Official Committee of Unsecured Creditors:

         Luc. A. Despins, Esq.
         Andrew V. Tenzer, Esq.
         Michael E. Comerford, Esq.
         G. Alexander Bongartz, Esq.
         PAUL HASTINGS LLP
         200 Park Avenue
         New York, New York 10166
         Telephone: (212) 318-6000
         E-mail: lucdespins@paulhastings.com
                 andrewtenzer@paulhastings.com
                 michaelcomerford@paulhastings.com
                 alexbongartz@paulhastings.com

Proposed Replacement Local Counsel to the Official Committee of
Unsecured Creditors:

         Juan J. Casillas Ayala, Esq.
         Diana M. Batlle-Barasorda, Esq.
         Alberto J. E. Aneses Negron, Esq.
         Ericka C. Montull-Novoa, Esq.
         CASILLAS, SANTIAGO & TORRES LLC
         El Caribe Office Building
         53 Palmeras Street, Ste. 1601
         San Juan, Puerto Rico 00901-2419
         Telephone: (787) 523-3434
         E-mail: jcasillas@cstlawpr.com
                 dbatlle@cstlawpr.com
                 aaneses@cstlawpr.com
                 emontull@cstlawpr.com

A copy of the Verified Statement filed Aug. 16, 2017, is available
at http://bankrupt.com/misc/PR_1050_2019_UCC.pdf

                       About Puerto Rico

Puerto Rico is a self-governing commonwealth in association with
the United States that's facing a massive bond debt of $70 billion,
a 68% debt-to-GDP ratio and negative economic growth in nine of the
last 10 years.

The Commonwealth of Puerto Rico has sought bankruptcy protection,
aiming to restructure its massive $74 billion debt-load and $49
billion in pension obligations.

The debt restructuring petition was filed by Puerto Rico's
financial oversight board in U.S. District Court in Puerto Rico
(Case No. 17-01578) on May 3, 2017, and was made under Title III of
2016's U.S. Congressional rescue law known as the Puerto Rico
Oversight, Management, and Economic Stability Act ("PROMESA").

The Financial Oversight and Management Board later commenced Title
III cases for the Puerto Rico Sales Tax Financing Corporation
(COFINA) on May 5, 2017, and the Employees Retirement System (ERS)
and the Puerto Rico Highways and Transportation Authority (HTA) on
May 21, 2017.  On July 2, 2017, a Title III case was commenced for
the Puerto Rico Electric Power Authority ("PREPA").

U.S. Chief Justice John Roberts has appointed U.S. District Judge
Laura Taylor Swain to oversee the Title III cases.  The Honorable
Judith Dein, a United States Magistrate Judge for the District of
Massachusetts, has been designated to preside over matters that may
be referred to her by Judge Swain, including discovery disputes,
and management of other pretrial proceedings.

Joint administration of the Title III cases, under Lead Case No.
17-3283, was granted on June 29, 2017.

The Oversight Board has hired as advisors, Proskauer Rose LLP and
O'Neill & Borges LLC as legal counsel, McKinsey & Co. as strategic
consultant, Citigroup Global Markets, as municipal investment
banker, and Ernst & Young, as financial advisor.

Martin J. Bienenstock, Esq., Scott K. Rutsky, Esq., and Philip M.
Abelson, Esq., of Proskauer Rose; and Hermann D. Bauer, Esq., at
O'Neill & Borges are onboard as attorneys.

McKinsey & Co. is the Board's strategic consultant, Ernst & Young
is the Board's financial advisor, and Citigroup Global Markets Inc.
is the Board's municipal investment banker.

Prime Clerk LLC is the claims and noticing agent.  Prime Clerk
maintains a case web site at:

           https://cases.primeclerk.com/puertorico

Epiq Bankruptcy Solutions LLC is the service agent for ERS, HTA,
and PREPA.

O'Melveny & Myers LLP is counsel to the Commonwealth's Puerto Rico
Fiscal Agency and Financial Advisory Authority (AAFAF), the agency
responsible for negotiations with bondholders.

The Oversight Board named Professor Nancy B. Rapoport as fee
examiner and to chair a committee to review professionals' fees.

                      Bondholders' Attorneys

Toro, Colon, Mullet, Rivera & Sifre, P.S.C. and Kramer Levin
Naftalis & Frankel LLP serve as counsel to the Mutual Fund Group,
comprised of mutual funds managed by Oppenheimer Funds, Inc.,
Franklin Advisers, Inc., and the First Puerto Rico Family of Funds,
which collectively hold over $3.5 billion in COFINA Bonds and over
$2.9 billion in other bonds issued by Puerto Rico and other
instrumentalities, including over $1.8 billion of Puerto Rico
general obligation bonds ("GO Bonds").

White & Case LLP and Lopez Sanchez & Pirillo LLC represent the UBS
Family of Funds and the Puerto Rico Family of Funds, which hold
$613.3 million in COFINA bonds.

Paul, Weiss, Rifkind, Wharton & Garrison LLP, Robbins, Russell,
Englert, Orseck, Untereiner & Sauber LLP, and Jimenez, Graffam &
Lausell are co-counsel to the ad hoc group of General Obligation
Bondholders, comprised of Aurelius Capital Management, LP, Autonomy
Capital (Jersey) LP, FCO Advisors LP, Franklin Mutual Advisers LLC,
Monarch Alternative Capital LP, Senator Investment Group LP, and
Stone Lion Capital Partners L.P.

Quinn Emanuel Urquhart & Sullivan, LLP and Reichard & Escalera are
co-counsel to the ad hoc coalition of holders of senior bonds
issued by COFINA, comprised of at least 30 institutional holders,
including Canyon Capital Advisors LLC and Varde Investment
Partners, L.P.

Correa Acevedo & Abesada Law Offices, P.S.C., is counsel to Canyon
Capital Advisors, LLC, River Canyon Fund Management, LLC, Davidson
Kempner Capital Management LP, OZ Management, LP, and OZ Management
II LP (the QTCB Noteholder Group).

                           Committees

The U.S. Trustee formed a nine-member Official Committee of
Retirees and a seven-member Official Committee of Unsecured
Creditors of the Commonwealth.  The Retiree Committee tapped Jenner
& Block LLP and Bennazar, Garcia & Milian, C.S.P., as its
attorneys.  The Creditors Committee tapped Paul Hastings LLP and
O'Neill & Gilmore LLC as counsel.


QUINTANILLA DRYWALL: U.S. Trustee Unable to Appoint Committee
-------------------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of Quintanilla Drywall, Inc., as
of Sept. 12, according to a court docket.

Quintanilla Drywall, Inc., filed for Chapter 11 bankruptcy
protection (Bankr. M.D. N.C. Case No. 17-80740) on September 11,
2017, and is represented by Michelle Merck Walker, Esq., at Parry
Tyndall White.  Susan O. Gattis is the U.S. Bankruptcy
Administrator.


RACKSPACE HOSTING: Fitch Affirms 'BB-' Issuer Default Rating
------------------------------------------------------------
Fitch Ratings has affirmed Rackspace Hosting, Inc.'s (Rackspace)
Long-Term Issuer Default Rating (IDR) at 'BB-' and has revised the
Outlook to Stable from Positive. Fitch has also affirmed the senior
secured revolving credit facility and senior secured term loan at
'BB+/RR1' and senior unsecured notes at 'BB-/RR4'.

Rackspace announced on Sept. 11, 2017 that it will acquire Datapipe
Holdings, LLC (Datapipe) with a combination of equity and debt
issuance. Fitch expects the acquisition will delay the deleveraging
that was previously expected. Fitch now expects the total leverage
to remain above 4x through 2018. The acquisition is expected to
close during the fourth quarter of 2017 (4Q17). Fitch believes the
'BB-' IDR rating reflects the agency's view of a strong strategic
fit of the acquisition. The revision of the Outlook to Stable
reflects the delayed deleveraging as a result of the acquisition.

Fitch expects the acquisition of Datapipe to have a marginally
negative impact on Rackspace's credit profile and leverage in the
near term. Fitch estimates total leverage to increase to over 4x in
2018; this deviates from Fitch's earlier expectation that leverage
would decline to 3.5x. With the acquisition of Datapipe, Rackspace
expects to strengthen its access to emerging markets, including
Brazil, China, and Russia, and the west coast of the U.S. where it
currently has a limited presence. The acquisition would also
strengthen the company's access to the public sector. The company
expects the acquisition to close during the fourth quarter of
2017.

KEY RATING DRIVERS

Secular Tailwinds: Fitch expects solid growth across Rackspace's
markets, driven by increased outsourcing, growth in workloads
across platforms, and customer adoption of hybrid cloud
environments. Fitch expects that outsourcing of information
technology (IT), which is in relatively early stages, will continue
over the longer term, driven by pressured IT budgets and increasing
complexity around hybrid cloud environments. Workload growth across
cloud platforms and integration of legacy systems should support
solid hybrid cloud adoption.

Strengthening Free Cash Flow (FCF) Profile: Fitch expects
Rackspace's FCF profile will strengthen further as it shifts
investments to managed cloud services from building out its public
cloud, which meaningfully reduces capital intensity. Building out
Rackspace's public cloud has driven significant historical capital
expenditures and Fitch expects this capital will be reinvested in
managed cloud services or made available for debt reduction. As a
result, capital spending as a percentage of revenue should decline
closer to 15% versus 20% to 25% historically. Fitch projects more
than $250 million of annual FCF through the forecast period.

Elevated Leverage: Fitch estimates total leverage (total debt to
operating EBITDA) to be more than 4x in 2018, given $3.3 billion of
debt at the end of second quarter 2017, incremental debt for the
Datapipe acquisition, and a Fitch forecast of approximately $1
billion of operating EBITDA for 2018. Fitch estimates total
leverage to decline to below 4x in 2019.

Pivot From Public Cloud: Fitch expects Rackspace to strategically
shift growth emphasis away from public cloud operations toward
managed cloud service. Fitch believes public cloud business will be
pressured over the longer term as incremental workloads
increasingly migrate to larger Amazon Web Services (AWS) and
Microsoft (Azure). As a result, Fitch expects high single-digit
revenue declines through the intermediate term for the public cloud
business. Significant capital spending by public cloud operators
including AWS and Azure have led to subsequent aggressive price
cuts; this has left Rackspace's public cloud less competitive for
new workloads, despite higher service levels. Fitch does not
anticipate significant customer churn for existing workloads,
although Rackspace will focus on leveraging existing customer
relationships and providing managed cloud services for incremental
workloads on AWS or Azure.

Managed Cloud Service Growth: Fitch expects greater emphasis on
managed cloud service will drive robust revenue growth from
increasing complexity associated with hybrid cloud environments.
Fitch believes customers will increasingly embrace third-party
service providers to architect, secure and operate dedicated
hosting and public and private cloud environments. Fitch believes
Rackspace is uniquely positioned within managed cloud services,
given leadership positions in dedicated hosting (#1) and public
cloud (top 4), cloud domain expertise, scale which enables
investments in accreditations with AWS and Azure, and its support
strategy. Fitch believes revenue contributions from managed cloud
services remain small, given Rackspace only started offering these
services at the beginning of 2015, and expects growth to offset
declines in the public cloud business over the intermediate term.

Potential Internalization Threat: Over the longer term, Fitch
believes AWS and Azure likely will build out service offerings to
compete with partners, including Rackspace, potentially
constraining growth or pressuring margins in managed cloud
services. However, over the nearer term, AWS and Azure should
remain focused on building out highly profitable public cloud
infrastructure rather than investing in non-core higher service
levels. Additionally, AWS and Azure would be challenged to
replicate Rackspace's services, particularly in the middle market,
given its dedicated hosting and private cloud domain expertise in
servicing this fragmented segment. As a result, Fitch believes AWS
and Azure expanding cloud services are more likely to accelerate
partner stratification or consolidation.

DERIVATION SUMMARY

Fitch expects the acquisition of Datapipe to have a marginally
negative impact on Rackspace's credit profile and leverage in the
near term. The agency estimates total leverage to increase to over
4x in 2018; this deviates from Fitch's earlier expectation that
leverage would decline to 3.5x. With the acquisition of Datapipe,
Rackspace expects to strengthen its access to emerging markets
including Brazil, China, and Russia, and the west coast of the U.S.
where it currently has limited presence. It would also strengthen
the company's access to the public sector. Rackspace expects the
acquisition to close during the fourth quarter of 2017. Fitch's
affirmation of the company's 'BB-' IDR reflects the agency's
positive view of the Datapipe acquisition. The revision of the
Outlook to Stable reflects the delayed deleveraging as a result of
the acquisition.

KEY ASSUMPTIONS

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

-- Mid-single-digit organic revenue growth, driven by core
    markets, including dedicated hosting, continuing to grow by
    mid-single digits.
-- Mid- to high-single digit revenue decline in Rackspace's
    public cloud business offset by robust growth in managed cloud

    services business.
-- Operating EBITDA margin should remain in the mid-30s, driven
    by lower investment intensity and productivity gains partially

    offset by a shifting sales mix to managed cloud services from
    public cloud.
-- Capital intensity will decline to mid-10% of revenue from the
    mid-20% through the intermediate term.
-- Rackspace continues to make debt-financed strategic
    acquisitions, resulting in a delay in deleveraging to below 4x

    until 2019.

RATING SENSITIVITIES

Future Developments That May, Individually or Collectively, Lead to
Positive Rating Action:
-- Fitch's expectation that total leverage will sustain below 3x
    from voluntary debt reduction with annual FCF above $250
    million;
-- Strong adoption of Rackspace's managed cloud services
    offsetting public cloud churn and stable dedicated hosting and

    private cloud performance, resulting in mid-single-digit
    positive organic revenue growth, validating the company's
    strategy.

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

-- Fitch's expectation that total leverage will sustain above 4x
    through the intermediate term, likely due to incremental debt
    issuance to support restricted payments or make acquisitions;

-- Weaker than expected or more volatile revenue growth through
    the intermediate term, indicating less robust industry growth
    or adoption of Rackspace's managed cloud services, potentially

    in conjunction with greater than anticipated public cloud
    customer churn.

LIQUIDITY

Fitch believes liquidity is sufficient and supported by:

-- Over $100 million of available cash at the end of 2Q 2017, a
    portion of which is located outside the U.S.;

-- $225 million undrawn senior secured RCF.

Fitch's expectations for more than $250 million of annual FCF also
support liquidity.

Total debt is $3.3 billion (before Datapipe acquisition) and
consists of:

-- $2.1 billion of senior secured Term Loan B due Nov. 26, 2023;

-- $1.2 billion of 8.625% senior unsecured notes due Nov. 15,
    2024.

FULL LIST OF RATING ACTIONS

Fitch has affirmed Rackspace's ratings as follows:
Rackspace Hosting, Inc.

-- Long-term Issuer Default Rating at 'BB-';
-- Senior secured revolving credit facility at 'BB+/RR1';
-- Senior secured Term Loan B at 'BB+/RR1';
-- Senior unsecured notes at 'BB-/RR4'.

The Rating Outlook has been revised to Stable from Positive.


REDIGI INC: Court Reschedules Disclosures Hearing to Sept. 18
-------------------------------------------------------------
Judge Paul G. Hyman of the U.S. Bankruptcy Court for the Southern
District of Florida issued an order rescheduling the hearing to
consider approval of ReDigi Inc.'s disclosure statement from Sept.
19, 2017, to Sept. 18, 2017.

Due to the effects of Hurricane Irma on the Court's calendar, the
Court finds it necessary to reschedule the hearings.

                       About ReDigi Inc.

ReDigi Inc. filed a Chapter 11 petition (Bankr. S.D. Fla. Case No.
16-20809) on Aug. 3, 2016, and is represented by Craig I Kelley,
Esq., of Kelley & Fulton, PL, in West Palm Beach, Florida.  The
petition was signed by John Mark Ossenmacher, CEO.  At the time of
the filing, the Debtor had $250 in total assets and $6,590,000 in
total liabilities.  The Debtor employed Baker & Hostetler LLP as
special counsel.

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


RELATIVITY MEDIA: Netflix Seeks Reversal of Non-Streaming Order
---------------------------------------------------------------
Cara Salvatore, writing for Bankruptcy Law360, reports that Netflix
asked the U.S. Court of Appeals for the Second Circuit to reverse a
ruling that prevented Netflix to stream the Relativity Media movies
"Masterminds" and "The Disappointments Room" before their
theatrical run.

Netflix insisted that the decision was a "shadow" that would
"haunt" all other disputes during the years left on its multimovie
deal with relativity, Law360 relates.

The case is Netflix Inc. v. Relativity Media LLC et al., Case No.
16-3282, in the U.S. Court of Appeals for the Second Circuit.

                   About Relativity Fashion

Relativity Media LLC -- http://relativitymedia.com/-- is a media
company headquartered in Beverly Hills, California, founded in 2004
by Lynwood Spinks and Ryan Kavanaugh.  Relativity Studios, the
Company's largest division, has produced, distributed or structured
financing for more than 200 motion pictures, including Oculus, Safe
Haven, Act of Valor, Immortals, Limitless, and The Fighter.

Relativity Media LLC and its affiliates sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y. Case No.
15-11989) on July 30, 2015.  The Company emerged from bankruptcy in
March 2016.

The cases were assigned to Judge Michael E. Wiles.

Attorneys at Sheppard Mullin Richter & Hampton LLP and Jones Day
served as counsel to the Debtors.  Brian Kushner of FTI Consulting,
Inc., was the chief restructuring officer and crisis and turnaround
manager.  Luke Schaeffer of FTI Consulting, Inc., served as deputy
CRO.  Blackstone Advisory Partners L.P. served as the Debtors'
investment banker.  The Debtors' noticing and claims agent was
Donlin, Recano & Company, Inc.

                          *     *     *

An investor group composed of Anchorage Capital Group, L.L.C.,
Falcon Investment Advisors, LLC and Luxor Capital Group, LP on Oct.
21, 2015, completed its purchase of the assets of Relativity's
television division.

After selling their TV business, the Debtors and CEO Ryan C.
Kavanaugh filed a plan of reorganization that will allow the
Debtors to reorganize their non-TV business units with a
substantially de-levered balance sheet utilizing new equity
investments and new financing.  

Jim Cantelupe, of Summit Trail Advisors, LLC, assisted the Debtors
in raising up to $100 million of new equity to fund the Plan.

The Bankruptcy Court on Feb. 8, 2016, confirmed the Debtors' Fourth
Amended Plan.  A copy of the Fourth Amended Plan is available at
http://is.gd/wZI1gd


RESOLUTE ENERGY: Wellington Mgt. Has 8.24% Stake as of July 31
--------------------------------------------------------------
Wellington Management Group LLP, Wellington Group Holdings LLP and
Wellington Investment Advisors Holdings LLP disclosed in a
regulatory filing with the Securities and Exchange Commission that
as of July 31, 2017, they beneficially own 1,850,304 shares of
common stock of Resolute Energy Corp, which constitutes 8.24
percent of the shares outstanding.  Wellington Management Company
LLP also reported beneficial ownership of 1,824,891 common shares.

The securities as to which the Schedule was filed by Wellington
Management Group LLP, as parent holding company of certain holding
companies and the Wellington Investment Advisers, are owned of
record by clients of the Wellington Investment Advisers. Wellington
Investment Advisors Holdings LLP controls directly, or indirectly
through Wellington Management Global Holdings, Ltd., the Wellington
Investment Advisers.  Wellington Investment Advisors Holdings LLP
is owned by Wellington Group Holdings LLP. Wellington Group
Holdings LLP is owned by Wellington Management Group LLP.

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

                       https://is.gd/vCLTDv

                      About Resolute Energy

Resolute Energy Corp. -- http://www.resoluteenergy.com/-- is an
independent oil and gas company focused on the acquisition,
exploration, exploitation and development of oil and gas
properties, with a particular emphasis on liquids focused,
long-lived onshore U.S. opportunities.  Resolute's properties are
located in the Paradox Basin in Utah and the Permian Basin in Texas
and New Mexico.

Resolute reported a net loss of $161.7 million in 2016 following a
net loss of $742.27 million in 2015.  

As of June 30, 2017, Resolute Energy had $728.54 million in total
assets, $790.78 million in total liabilities and a total
stockholders' deficit of $62.23 million.

                          *    *    *

As reported by the TCR on Feb. 27, 2017, Moody's Investors Service
upgraded Resolute Energy Corporation's Corporate Family Rating
(CFR) to 'B3' from 'Caa2', the Probability of Default Rating to
'B3-PD' from 'Caa2-PD' and its senior unsecured notes rating to
'Caa1' from 'Caa3'.  The Speculative Grade Liquidity rating was
affirmed at SGL-3.  The rating outlook was changed to stable.

"The upgrade to B3 reflects Resolute's improved capital structure,
continued strong drilling results and improved production and
drilling economics, which provide good visibility to continued
growth in a mid $40s oil price environment without increasing debt
leverage," noted John Thieroff, Moody's VP-Senior Analyst.  "We
expect moderation in the company's reserve- and production-based
debt metrics from significant production growth at very competitive
drillbit costs."

The TCR reported on May 15, 2017, that S&P Global Ratings assigned
its 'B-' corporate credit rating to Resolute Energy Corp. (REN).
The rating outlook is stable.  "The corporate credit rating
reflects our assessment of REN's business risk profile as
vulnerable, its financial risk profile as aggressive, and its
liquidity as less than adequate," said S&P Global Ratings credit
analyst, David Lagasse.


RESTAURANT SALTIMBANCO: Plan Filing Deadline Extended to Dec. 19
----------------------------------------------------------------
The Hon. Sean H. Lane of the U.S. Bankruptcy Court for the Southern
District of New York has extended, at the behest of Restaurant
Saltimbanco, Inc., and Saltimbanco LLC, doing business as Osteria
Del Circo, to further extend the time within which the Debtors have
the exclusive right to file a plan of reorganization to and
including Dec. 19, 2017.

As reported by the Troubled Company Reporter on Aug. 30, 2017, the
Debtors told the Court that they have used the first 120 days of
their Chapter 11 cases to stabilize their business, and would need
an additional 120 days to determine if they will be able to file a
confirmable plan of reorganization.  The Debtors seek to further
extend the exclusivity period, which is set to expire Sept. 20,
2017, for 90 days through and including Dec. 19.

                  About Restaurant Saltimbanco

Saltimbanco is the holder of the lease from which Circo operates an
upscale Italian restaurant located at 120 West 55th Street, New
York, New York.

Restaurant Saltimbanco, Inc., sought Chapter 11 protection (Bankr.
S.D.N.Y. Case No. 17-10719) on March 24, 2017.  The petition was
signed by Mauro Maccioni, its president.  The Debtor estimated
assets of $0 to $50,000 and $50,001 to $100,000 in debt.  Judge
Sean H. Lane presides over the case.

The Debtor tapped Arnold Mitchell Greene, Esq., at Robinson Brog
Leinwand Greene, as its bankruptcy counsel; and Acker Auction,
Inc., as auctioneer.

No committee, trustee or examiner has been appointed in the
Debtor's cases.


RICEBRAN TECHNOLOGIES: Incurs $1.47 Million Net Loss in 2nd Quarter
-------------------------------------------------------------------
RiceBran Technologies filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q reporting a net loss
of $1.47 million on $3.14 million of revenues for the three months
ended June 30, 2017, compared to net loss of $8.11 million on $3.23
million of revenues for the three months ended June 30, 2016.

For the six months ended June 30, 2017, the Company recorded a net
loss of $4.07 million on $6.76 million of revenues compared to a
net loss of $8.25 million on $6.49 million of revenues for the six
months ended June 30, 2016.

As of June 30, 2017, RiceBran had $31.58 million in total assets,
$24.72 million in total liabilities and $6.86 million in total
equity.

"We have improved our cash position since December 31, 2016, as a
result of a debt and equity raise in February 2017 and the sale of
HN in July 2017.  However, on a consolidated basis, largely as a
result of our Nutra SA losses, we continued to experience losses
and negative cash flows from operations which raises substantial
doubt about our ability to continue as a going concern for a period
of one year from the issue date of these financial statements.

"In February 2017... we received net proceeds of $7.2 million from
the sale and issuance of preferred stock, senior debentures and
related warrants.  The net proceeds were used in part to pay in
full amounts owing our previous senior lender ($3.8 million) and to
pay principal and accrued interest on our subordinated notes ($0.5
million).  Consequently, we believe we are adequately funded at
this time to allow us to operate and execute on our business
strategy for achieving consistent and positive operational cash
flows from our remaining US operations.  In July 2017 ... we
received cash proceeds, net of expenses, of $18.3 million from the
sale of HN a portion of which was used to pay off our senior
debentures ($6.6 million) and subordinated notes ($6.0 million).
We continue to believe that we will be able to obtain additional
funds to operate our business, should it be necessary; however,
there can be no assurances that our efforts will prove successful.
The accompanying financial statements do not include any
adjustments that might be necessary if we are unable to continue as
a going concern."

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

                      https://is.gd/RVskPb

                         About RiceBran

Scottsdale, Ariz.-based RiceBran Technologies, a California
corporation -- http://www.ricebrantech.com/-- is a human food
ingredient and animal nutrition company focused on the procurement,
bio-refining and marketing of numerous products derived from rice
bran.  RiceBran Technologies has proprietary and patented
intellectual property that allows it to convert rice bran, one of
the world's most underutilized food sources, into a number of
highly nutritious food and feed ingredient products.  Its global
target markets are food and feed manufacturers and retailers, as
well as specialty food, functional food and nutritional supplement
manufacturers and retailers.

RiceBran incurred a net loss attributable to common shareholders of
$9.10 million in 2016 compared to a loss attributable to common
shareholders of $8.3 million in 2015.

Marcum LLP, in New York, issued a "going concern" qualification on
the consolidated financial statements for the year ended Dec. 31,
2016, citing that the Company has suffered recurring losses from
operations resulting in an accumulated deficit of $260 million at
Dec. 31, 2016.  This factor among other things, raises substantial
doubt about its ability to continue as a going concern.


ROBERT TAYLOR: Selling Catahoula Cattle at Red River Auction
------------------------------------------------------------
Robert Drew and Anissa Rose Taylor ask the U.S. Bankruptcy Court
for the Western District of Louisiana to authorize the sale of all
their interest in a number of cattle located on 550 acres of
immovable property located in Catahoula Parish, Louisiana, leased
from BG Denton, through Aug. 31, 2017, at Red River Livestock
Auction.

The Debtors' Plan provides that they will no longer engage in the
cattle operations and have rejected the lease.  They have no funds
with which to care for the cattle and the lease of the land on
which they are located expired Aug. 31, 2017.

The Debtors are aware that liens on the cattle have been asserted
by the United States of America, Department of Agriculture, Farm
Services Agency and Catahoula LaSalle Bank.  The claims asserted by
the United States of America, Department of Agriculture, Farm
Services Agency and Catahoula LaSalle Bank in the case indicate
that there is no equity in this collateral.

Due to the nature of the collateral and the fact that the animals
require constant care and feeding to be of any value, the Debtors
ask authority to sell the same on an ex parte basis and free of
liens, with the liens to attach to the proceeds of the sale.  There
is not sufficient time to provide for the normal and customary
procedures used in the process of selling assets.  The normal
delays for providing notice of the sale of these assets would
result in the loss of the cattle.

Catahoula LaSalle Bank filed a Motion For Relief from the Automatic
Stay and Abandonment of Property in the matter Aug. 4, 2017, and
the same was fixed for hearing on an expedited basis on Aug. 23,
2017, and continued to Sept. 6, 2017.  Notice of the filing of the
same was provided to United States of America, Department of
Agriculture, Farm Services Agency and to this point no response has
been filed.  Accordingly, the Debtors believe the requested action
is not opposed by the said United States of America, Department of
Agriculture.

On Aug. 28, 2017, the Farm Services Agency filed a motion for
enlargement of time in which to file a complaint which reflects
that it believes there is a dispute as to the security interests
visa vie itself and Catahoula LaSalle Bank.  The Debtors have
received the consent of Catahoula LaSalle Bank to the proposed sale
on an ex parte basis.  

A U.C.C. search has revealed these liens affecting the property,
but the validity or amount of such liens, has not been verified,
to-wit:

   a. First: The lien in favor of Catahoula LaSalle Bank on "all
livestock" filed April 29, 2013.

   b. Second: The lien in favor of United States of America,
Department of Agriculture on "any and all equipment and any cattle"
filed Dec. 17, 2014.

   c. Third: The lien in favor of United States of America,
Department of Agriculture Farm Services Agency on "any and all
equipment and any cattle" filed Dec. 29, 2014.

To the best of the knowledge of the Debtors there are no other
liens on the cattle.

The Debtors ask authority to sell the cattle through a regularly
conducted livestock auction, subject to the normal fees and
expenses charged by the entity conducting the auction.  Their
normal business operations were conducted such that all cattle
sales were conducted through Red River Livestock Auction in
Coushatta, Louisiana.  This has been known to the representatives
of the lienholders for some time and the Debtors never received an
objection to the use of that facility for the sale of the cattle.
The Debtors have not been promised anything by Red River Livestock
Auction in connection with the sale of their assets.  The sale of
the assets is proposed to be made "as is," and free of liens with
the liens and encumbrances to attach to the proceeds of this sale,
in order to be able to deliver a good, valid and merchantable title
to the purchaser.

The Debtors ask that the sale of the Property, upon closing, will:
(i) be a legal, valid and effective transfer of the cattle to the
Purchaser, and (ii) vest the Purchaser with all right, title and
interest of the estate in and to the cattle free and clear of all
mortgages, security interests, and privileges.  They that the Court
authorizes and directs the Clerk and Recorder of Mortgages or Clerk
of Court of Catahoula Parish or other public officials to cancel
and release the cattle from the effect of all liens and
encumbrances shown in the public records only insofar as they
attach to the livestock.

To satisfy the Liens on the cattle, the Debtors will file a
separate motion for direction on distribution the same, after the
proceeds of the sale have been received.

As time is of the essence to the proposed sale, the Debtors ask
that the Court waives the 14-day automatic stay of any final Order
granting the Motion and orders that the final relief requested in
the Motion be immediately available.

Robert Drew Taylor and Anissa Rose Taylor filed a voluntary
petition seeking relief pursuant to Chapter 12 of Title 11 of the
United States Code on March 14, 2017.  Thereafter, the same was
converted to one under Chapter 11 (Bankr. W.D. La. Case No.
17-80258) on June 8, 2017.  Their Plan of Reorganization was filed
on Aug. 21, 2017, providing for liquidation of unencumbered assets.


ROCK INVESTMENT: R. Angerer Loan Proceeds to Fund Latest Plan
-------------------------------------------------------------
The Rock Investment Group, Inc., filed with the U.S. Bankruptcy
Court for the District of Colorado a disclosure statement to
accompany its joint plan of reorganization dated August 31, 2017.

Class 2 under the latest plan consists of the Allowed Claims of
unsecured creditors. The Class 2 Creditors will receive a pro rata
distribution of any Loan Proceeds after payment in full of all
Unclassified Priority Claims and Class 1 Claims. All payments to
Class 2 Claimants will be completed within 30 days of the Effective
Date of the Plan. The Debtor anticipates that the Loan Proceeds
will be sufficient to pay all Allowed Claims in full.

To the extent that the claim of Legarza Exploration is disputed at
the time that the Debtor disburses funds to Class 2 Claimants, the
Debtor will escrow the amounts that would be paid to Legarza until
such claim is allowed or disallowed. If the claim is disallowed,
the Debtor will disburse the escrowed funds pro rata to the
remaining unsecured creditors. Any funds remaining after the Class
2 Claims are paid in full will be returned to the Debtor for its
continued operations. If the Legarza Claim is allowed in full, the
total allowed unsecured claims against the Debtor will be
$240,323.87, and all Class 2 Claims will likely be paid in full
under the Joint Plan. If the Legarza claim is disallowed, the total
allowed unsecured claims against the Debtor will be $130,552.03,
and all Class 2 Claims will likely be paid in full under the Joint
Plan.

The previous version of the plan asserted that to the extent that
the claims of Legarza Exploration and the National Union Fire
Insurance Company of Pittsburgh are disputed at the time that Rock
Investment disburses funds to Class 2 creditors, the company will
escrow the amounts that will be paid to both creditors until their
claims are allowed or disallowed. If the claims are disallowed,
Rock Investment will disburse the escrowed funds pro rata to the
remaining unsecured creditors. The claims of Legarza and the union
are largely based on the services provided in connection with the
drilling of the well. Rock Investment objected to both claims,
saying they are "time barred or otherwise unenforceable."

The Plan will be funded through a post-petition loan from Robert
Angerer, Sr. in the amount of not less than $250,000. The Debtor is
required to close on the Loan with Mr. Angerer prior to the
Effective Date of the Plan. Loan Proceeds will be deposited into
the trust account of Kutner Brinen, P.C. to be disbursed in
accordance with the terms of the Joint Plan. Pursuant to the terms
of the Promissory Note and Security Agreement, the Loan will accrue
interest on the principal balance at a rate of 5% per annum, but
such interest will not be compounded. The Loan will become due and
payable in full on or before the three-year anniversary of the
closing date of the Loan. Prior to the Maturity Date, the Debtor is
not required to make any payments, but has the right to pre-pay the
Loan at any time. Any payments made will be applied first to the
accrued interest, then to the principal balance. As security for
the Loan, Mr. Angerer will receive a first-position secured
interest on any intellectual property and scientific data owned by
the Debtor.

In the event that the Debtor is unable to close on the Loan, or the
Loan is not funded, the Debtor will withdraw the Joint Plan and
dismiss its bankruptcy case.

The Troubled Company Reporter previously reported that the proposed
plan will be funded through the net proceeds from the sale of Rock
Investment's oil and gas leases in northwestern Nevada.  Following
the sale, the company will deposit the funds in its account and
will disburse funds within 30 days of receipt. Rock Investment
anticipates that the net sale proceeds will be sufficient to pay
all allowed claims in full.

A full-text copy of the Latest Disclosure Statement dated August
31, 2017, is available at:

     http://bankrupt.com/misc/cob16-18110-94.pdf

                About Rock Investment Group

The Rock Investment Group, Inc. sought protection under Chapter 11
of the Bankruptcy Code (Bankr. D. Col. Case No. 16-18110) on August
17, 2016.  The petition was signed by Robert Angerer, president.
At the time of the filing, the Debtor disclosed $11.59 million in
assets and $2.91 million in liabilities.

The case is assigned to Judge Thomas B. McNamara.  The Debtor hired
Kutner Brinen P.C. as its bankruptcy counsel, and Keating, Wagner,
Polidori, Free, P.C. as its special counsel.


ROOSTER ENERGY: U.S. Trustee Seeks Case Dismissal
-------------------------------------------------
BankrutpcyData.com reported that the U.S. Trustee assigned to the
Rooster Energy case filed with the U.S. Bankruptcy Court a motion
to dismiss the case for cause pursuant to 11 U.S.C. Section
1112(b)(4).  The U.S. Trustee asserts, "Bankruptcy Code section
1112(b) provides that: [O]n request of a party in interest, and
after notice and a hearing, the court shall convert a Case under
this chapter to a case under chapter 7 or dismiss a case under this
chapter, whichever is in the best interests of creditors and the
estate, for cause unless the court determines that the appointment
under section 1104(a) of a trustee or an examiner is in the best
interests of creditors and the estate.  There is 'cause' mandating
conversion to chapter 7 where there is, among other things,
'substantial or continuing loss to or diminution of the estate and
the absence of a reasonable likelihood of rehabilitation.'  The
Motion to Convert argues that there is a 'substantial or continuing
loss to or diminution of the estate and the absence of a reasonable
likelihood of rehabilitation.' Bankruptcy Code section 1112(b)
provides for alternative relief - dismissal or conversion. In the
cases before the Court, no facts have been presented which
establish a reasonable likelihood that conversion and subsequent
administration by a chapter 7 trustee would benefit the unsecured
creditors. However, the administration will almost certainly be
lengthy and expose the estate to liability. Wherefore, the UST
prays for an order dismissing this case. He further prays for all
general and equitable relief which may be just and proper under the
circumstances."

The Trustee also filed with the Court a motion to expedite
consideration of this dismissal motion. The Court approved that
motion and scheduled a Sept. 12, 2017 hearing, according to
BankruptcyData.com.

                    About Rooster Energy

Houston, Texas-based Rooster Energy Ltd. --
http://www.roosterenergyltd.com/-- is an integrated oil and
natural gas company with an exploration and production (E&P)
business and a downhole and subsea well intervention and plugging
and abandonment service business.  The Company's operations are
located in the state waters of Louisiana and the shallow waters of
the Gulf of Mexico, mature regions that have produced since 1936.

Rooster Energy, L.L.C., Rooster Energy Ltd., and five other
affiliates sought Chapter 11 protection (Bankr. W.D. La. Lead Case
No. 17-50705) on June 2, 2017.  The petitions were signed by
Kenneth F. Tamplain, Jr., president and chief executive officer.

In its petition, Rooster Energy L.L.C. estimated $50 million to
$100 million in liabilities.

Jan M. Hayden, Esq., Lacey Rochester, Esq., Susan C. Mathews, Esq.,
and Daniel J. Ferretti, Esq., at Baker Donelson Bearman Caldwell &
Berkowitz, P.C., serve as bankruptcy counsel.  Opportune LLP has
been tapped as restructuring advisor.  Donlin Recano & Company,
Inc., serves as claims, noticing and solicitation agent.

On June 23, 2017, the U.S. Trustee appointed three creditors to
serve in the official committee of unsecured creditors of the
Rooster Petroleum case.

On June 22, 2017, the U.S. Trustee appointed two creditors to serve
in the official committee of unsecured creditors of the Cochon
Properties case.


ROOT9B HOLDINGS: Has Until Sept. 15 to Submit Nasdaq Plan
---------------------------------------------------------
root9B Holdings received a letter from Listing Qualifications
Department of The Nasdaq Stock Market on Sept. 3, 2017, informing
the Company that, pursuant to Listing Rule 5101, Nasdaq was
accelerating the due date for the Company to submit a plan to
regain compliance with the Listing Rules to Sept. 15, 2017.

As previously disclosed, Root9B Holdings has received notification
letters from Nasdaq informing the Company that it is not in
compliance with Nasdaq Listing Rules 5605(b)(1), 5605(c)(2),
5605(d)(2), and 5250(c)(1) because the Company did not timely file
its quarterly report on Form 10-Q for the fiscal quarter ended June
30, 2017, with the Securities and Exchange Commission and that it
is not in compliance with the independent director, audit
committee, and compensation committee requirements.  

The Company gives no assurance it will be able to submit such a
plan or regain compliance with Nasdaq's rules.

                       About Root9B Holdings

root9B Holdings (OTCQB: RTNB) -- http://www.root9bholdings.com/--
is a provider of Cybersecurity and Regulatory Risk Mitigation
Services.  Through its wholly owned subsidiaries root9B and IPSA
International, the Company delivers results that improve
productivity, mitigate risk and maximize profits.  Its clients
range in size from Fortune 100 companies to mid-sized and
owner-managed businesses across a broad range of industries
including local, state and government agencies.

Root9B Technologies, Inc., changed its name to root9B Holdings,
Inc., effective Dec. 5, 2016, and relocated its corporate
headquarters from Charlotte, NC, to the current headquarters of
root9B, its wholly owned cybersecurity subsidiary, in Colorado
Springs, CO.

Root9B reported a net loss of $30.48 million for the year ended
Dec. 31, 2016, following a net loss of $8.33 million for the year
ended Dec. 31, 2015.  As of March 31, 2017, Root9B Holdings had
$16.84 million in total assets, $15.80 million in total
liabilities, and $1.03 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, noting that Company has suffered
recurring losses from operations and has negative operating cash
flows and will require additional financing to fund the continued
operations.  The availability of such financing cannot be assured.
These conditions raise substantial doubt about its ability to
continue as a going concern, the auditors said.


SCIO DIAMOND: Unable to Timely File June 30 Quarterly Report
------------------------------------------------------------
The Form 10-Q for the fiscal quarter ended June 30, 2017, will not
be submitted by the deadline without unreasonable effort or
expense, said Scio Diamond Technology Corporation, via Form 12b-25
filed with the Securities and Exchange Commission.  The Company
said it had unanticipated delays in the preparation of the 10-Q.

                      About Scio Diamond

Scio Diamond Technology Corporation was incorporated under the laws
of the State of Nevada as Krossbow Holding Corp. on Sept. 17, 2009.
The Company's focus is on man-made diamond technology development
and commercialization.

Scio Diamond reported a net loss of $3.62 million on $616,800 of
revenue for the year ended March 31, 2016, compared to a net loss
of $4.14 million on $726,200 of revenue for the year ended March
31, 2015.

Cherry Bekaert LLP, in Greenville, South Carolina, issued a "going
concern" qualification on the consolidated financial statements for
the year ended March 31, 2016, citing that the Company has
generated limited revenue, incurred net losses and incurred
negative operating cash flows since inception and will require
additional financing to fund the continued development of products.
The availability of such financing cannot be assured.  These
conditions raise substantial doubt about its ability to continue as
a going concern.


SEARS HOLDINGS: ESL Partners Reports 56.6% Stake as of Aug. 9
-------------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, ESL Partners, L.P. reported that as of Aug. 9, 2017, it
beneficially owns 63,425,195 shares of common stock of Sears
Holdings Corporation, which constitutes 56.6 percent of the shares
outstanding.  The percentage is based upon 107,265,571 shares of
Holdings Common Stock outstanding as of May 19, 2017, as disclosed
in Holdings' Quarterly Report on Form 10-Q for the fiscal quarter
ended April 29, 2017, that was filed by Holdings with the SEC on
May 25, 2017, and 4,808,465 shares of Holdings Common Stock that
may be acquired by the reporting person within 60 days upon the
exercise of Warrants to purchase shares of Holdings Common Stock.

Also included in the regulatory filing are the following reporting
persons:

                                                 Percentage
                                     Shares         of
                                  Beneficially  Outstanding
  Reporting Person                    Owned        Shares
  ----------------                ------------  -----------
SPE I Partners, LP                   150,124      0.1%
SPE Master I, LP                     193,341      0.2%
RBS Partners, L.P.                 63,768,660     56.9%
ESL Investments, Inc.              63,768,660     56.9%
Edward S. Lampert                  63,768,660     53.9%

On Aug. 7, 2017, JPP, LLC and JPP II, LLC, as assignors, syndicated
an aggregate of $1 million of their portion of the Term Loan to
unaffiliated third parties, as assignees.  In connection with such
syndication of the Term Loan, JPP, LLC, JPP II, LLC, and each of
the unaffiliated third parties executed assignment and acceptance
agreements.

On Aug. 9, 2017, JPP, LLC and JPP II, LLC, as assignors, syndicated
an aggregate of $140 million of their portion of the LC Facility to
the same unaffiliated third parties, as assignees, to whom JPP, LLC
and JPP II, LLC syndicated a portion of the Term Loan. In
connection with such syndication of the LC Facility, JPP, LLC, JPP
II, LLC, and each of the unaffiliated third parties executed
assignment and acceptance agreements.

On Aug. 9, 2017, Holdings, through the LC Borrowers, entities
wholly-owned and controlled, directly or indirectly by Holdings,
entered into a third amendment to the Letter of Credit and
Reimbursement Agreement dated Dec. 28, 2016, as previously amended
March 2, 2017, and Aug. 1, 2017, which provides for the LC Facility
from the LC Lenders and other lenders party thereto from time to
time, with the Issuing Bank serving as administrative agent and
issuing bank.

The Third Amendment was entered into in connection with the LC
Facility Syndication and modifies the definition of the "Required
Lenders" whose consent is needed for certain amendments and other
matters under the Amended LC Facility Agreement and would require
any non-consenting lender to assign their commitments under the LC
Facility to JPP, LLC, JPP II, LLC or their affiliates, at the
option of JPP, LLC, JPP II, LLC and their affiliates.  Citigroup
Global Markets Inc. is serving as lead arranger and bookrunner for
the LC Facility.

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

                    https://is.gd/xl7Owd

                    About Sears Holdings

Sears Holdings Corporation (NASDAQ: SHLD) --
http://www.searsholdings.com/-- is an integrated retailer focused
on seamlessly connecting the digital and physical shopping
experiences to serve members.  Sears Holdings is home to Shop Your
Waytm, a social shopping platform offering members rewards for
shopping at Sears and Kmart as well as with other retail partners
across categories important to them.

The Company operates through its subsidiaries, including Sears,
Roebuck and Co. and Kmart Corporation, with more than 2,000
full-line and specialty retail stores in the United States and
Canada.

Kmart Corporation and 37 of its U.S. subsidiaries filed voluntary
Chapter 11 petitions (Bankr. N.D. Ill. Lead Case No. 02-02474) on
Jan. 22, 2002.  Kmart emerged from chapter 11 protection on May 6,
2003, pursuant to the terms of an Amended Joint Plan of
Reorganization.  Skadden, Arps, Slate, Meagher & Flom, LLP,
represented Kmart in its restructuring efforts.  Its balance sheet
showed $16,287,000,000 in assets and $10,348,000,000 in debts when
it sought chapter 11 protection.

Kmart bought Sears, Roebuck & Co., for $11 billion to create the
third-largest U.S. retailer, behind Wal-Mart and Target, and
generate $55 billion in annual revenues.  Kmart completed its
merger with Sears on March 24, 2005.

Sears Holdings reported a net loss of $2.22 billion on $22.13
billion of revenues for the fiscal year 2016, compared to a net
loss of $1.12 billion on $25.14 billion of revenues for the fiscal
year 2015.  As of July 31, 2017, Sears Holdings had $8.35 billion
in total assets, $12 billion in total liabilities and a total
deficit of $3.65 billion.

                         *     *     *

In January 2017, Fitch Ratings affirmed the Long-term Issuer
Default Ratings on Sears Holdings and its various subsidiary
entities (collectively, Sears) at 'CC'.

In December 2016, that S&P Global Ratings affirmed its ratings,
including the 'CCC+' corporate credit rating, on Sears Holdings.
"We revised our assessment of Sears' liquidity to less than
adequate from adequate based on the impact of continued and
meaningful cash use and constraints on contractually committed
liquidity from cash use and incremental secured funded borrowings,"
said credit analyst Robert Schulz.  "We do not incorporate any
significant prospective asset sales or execution of strategic
alternatives for legacy hardline brands into our assessment of
committed liquidity."

In January 2017, Moody's Investors Service downgraded Sears
Holdings' corporate family rating to 'Caa2' from 'Caa1'.  Moody's
said Sears' 'Caa2' rating reflects the company's sizable operating
losses - Domestic Adjusted EBITDA was a loss of $884 million in the
latest 12-month period.


SEARS HOLDINGS: Lenders Assign $140M Commitment Under LC Facility
-----------------------------------------------------------------
Sears Holdings Corporation, through Sears Roebuck Acceptance Corp.
and Kmart Corporation, entities wholly-owned and controlled,
directly or indirectly by the Company, entered into a third
amendment to the Letter of Credit and Reimbursement Agreement dated
Dec. 28, 2016, as previously amended March 2, 2017, and Aug. 1,
2017, which provides for a $271 million secured standby letter of
credit facility from JPP, LLC and JPP II, LLC and the other lenders
party thereto from time to time, with Citibank, N.A., serving as
administrative agent and issuing bank.  Mr. Edward S. Lampert, the
Company's chief executive officer and chairman, is the sole
stockholder, chief executive officer and director of ESL
Investments, Inc., which controls JPP, LLC and JPP II, LLC.

The Amendment was entered into in connection with the Initial
Lenders assigning $140 million of their commitments under the LC
Facility to certain unaffiliated lenders.  The Amendment modifies
the definition of the "Required Lenders" whose consent is needed
for certain amendments and other matters under the Amended LC
Facility Agreement and would require any non-consenting lender to
assign their commitments under the LC Facility to ESL, at ESL's
option.  Citigroup Global Markets Inc. is serving as lead arranger
and bookrunner for the LC Facility.

                    About Sears Holdings

Sears Holdings Corporation (NASDAQ: SHLD) --
http://www.searsholdings.com/-- is an integrated retailer focused
on seamlessly connecting the digital and physical shopping
experiences to serve members.  Sears Holdings is home to Shop Your
Waytm, a social shopping platform offering members rewards for
shopping at Sears and Kmart as well as with other retail partners
across categories important to them.

The Company operates through its subsidiaries, including Sears,
Roebuck and Co. and Kmart Corporation, with more than 2,000
full-line and specialty retail stores in the United States and
Canada.

Kmart Corporation and 37 of its U.S. subsidiaries filed voluntary
Chapter 11 petitions (Bankr. N.D. Ill. Lead Case No. 02-02474) on
Jan. 22, 2002.  Kmart emerged from chapter 11 protection on May 6,
2003, pursuant to the terms of an Amended Joint Plan of
Reorganization.  Skadden, Arps, Slate, Meagher & Flom, LLP,
represented Kmart in its restructuring efforts.  Its balance sheet
showed $16,287,000,000 in assets and $10,348,000,000 in debts when
it sought chapter 11 protection.

Kmart bought Sears, Roebuck & Co., for $11 billion to create the
third-largest U.S. retailer, behind Wal-Mart and Target, and
generate $55 billion in annual revenues.  Kmart completed its
merger with Sears on March 24, 2005.

Sears Holdings reported a net loss of $2.22 billion on $22.13
billion of revenues for the fiscal year 2016, compared to a net
loss of $1.12 billion on $25.14 billion of revenues for the fiscal
year 2015.  As of July 31, 2017, Sears Holdings had $8.35 billion
in total assets, $12 billion in total liabilities and a total
deficit of $3.65 billion.

                          *     *     *

In January 2017, Fitch Ratings affirmed the Long-term Issuer
Default Ratings (IDR) on Sears Holdings and its various subsidiary
entities (collectively, Sears) at 'CC'.

In December 2016, that S&P Global Ratings affirmed its ratings,
including the 'CCC+' corporate credit rating, on Sears Holdings
Corp.  "We revised our assessment of Sears' liquidity to less than
adequate from adequate based on the impact of continued and
meaningful cash use and constraints on contractually committed
liquidity from cash use and incremental secured funded borrowings,"
said credit analyst Robert Schulz.  "We do not incorporate any
significant prospective asset sales or execution of strategic
alternatives for legacy hardline brands into our assessment of
committed liquidity."

In January 2017, Moody's Investors Service downgraded Sears
Holdings' corporate family rating to 'Caa2' from 'Caa1'.  Moody's
said Sears' 'Caa2' rating reflects the company's sizable operating
losses - Domestic Adjusted EBITDA was a loss of $884 million in the
latest 12 month period.


SERENITY HOMECARE: Has Authorization to Use Cash Collateral
-----------------------------------------------------------
Judge John W. Kolwe of the U.S. Bankruptcy Court for the Western
District of Louisiana has issued an order authorizing Serenity
Homecare, LLC and its debtor-affiliates to use any cash or cash
proceeds which are subject to the liens and security interests of
the United States of America through the Internal Revenue Service,
The Cottonport Bank, and Mid-Delta Health Group, Inc.

A replacement lien will be granted to the IRS, to the extent that
it is demonstrated in due course that the IRS was secured
prepetition above and beyond senior liens.  Likewise, a first
priority replacement lien will be granted to The Cottonport Bank
and Mid-Delta Health Group, Inc., in accordance with the respective
security agreements and/or mortgages between the Debtors and these
parties.

The Adequate Protection Liens and all liens in favor of the United
States of America/IRS will be subject and subordinate to the
payment of $25,000 on an interim basis for the payment of the
following:

     (a) all fees and interest requested to be paid to the Office
of the U.S. Trustee;

     (b) all reasonable fees and expenses incurred by a patient
care ombudsman if required and appointed; and

     (c) to the extent allowed by the Bankruptcy Court at any time,
all accrued and unpaid fees, disbursements, costs and expenses
incurred by professionals or professional firms retained by the
Debtors or any committee appointed under the Bankruptcy Code.

In addition, the Debtors are directed to make adequate protection
payments to the IRS, in following amounts: (a) $15,684 for
Serenity, (b) $3,873 for Hospice, and (c) $3,897 for Antigua.
Central Louisiana Home Healthcare, LLC will not be using the cash
collateral of the United States/IRS, pending further orders of the
Court.

A final hearing to consider approval of the Motion will be on Sept.
20, 2017 at 9:30 a.m.  Any objections to the Debtors' further use
of cash collateral are due no later than Sept. 13.

A full-text copy of the Order, dated Aug. 29, 2017, is available at
https://is.gd/d2aKwz

                   About Serenity Homecare

Serenity Homecare, LLC, is a home health care service provider in
Alexandria, Louisiana.  Serenity Homecare and its affiliates sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. W.D. La.
Lead Case No. 17-80881) on Aug. 22, 2017.  Thomas E. Cupples, II,
member and manager, signed the petitions.  Judge John W. Kolwe
presides over the cases.

Each of Serenity Homecare, Antigua Investments, Central Louisiana
Home, Cupples Holdings, Hospice Care of Avoyelles, Quality Home
Health I and Quality Home Health estimated under $50,000 in assets.
Serenity Homecare and Cupples Holdings estimated under $1 million
in liabilities.  Antigua Investments estimated $1 million to $10
million in liabilities.  Central Louisiana Home, Hospice Care of
Avoyelles and Quality Home Health I estimated under $500,000 in
liabilities.  Quality Home Health estimated under $100,000 in
liabilities.

The Debtors tapped Gold, Weems, Bruser, Sues & Rundell, in
Alexandria, Louisiana, as counsel.


SIERRA CHEMICAL: Taps Golan Christie, Harris Law as Counsel
-----------------------------------------------------------
Sierra Chemical Co. seeks approval from the U.S. Bankruptcy Court
for the District of Nevada to hire Golan Christie Taglia LLP as its
bankruptcy counsel.

The firm will assist the Debtor in the preparation of a plan of
reorganization and will provide other legal services related to its
Chapter 11 case.

The attorneys who will be handling the case and their standard
hourly rates are:

     Barbara Yong           $525
     Robert Benjamin        $525
     Caren Lederer          $490
     Beverly Berneman       $490
     Anthony D'Agostino     $335

Paraprofessionals will charge $120 per hour for their services.
Meanwhile, the Debtor paid an advance retainer in the amount of
$53,420.90.

Golan Christie does not represent any interest adverse to the
Debtor's estate, according to a court filing.

In the same filing, the Debtor also proposes to employ Harris Law
Practice LLC as its local counsel.

Golan Christie can be reached through:

     Barbara L. Yong, Esq.
     Robert R. Benjamin, Esq.
     Caren A. Lederer, Esq.
     Beverly A. Berneman, Esq.
     Anthony J. D'Agostino, Esq.
     Golan Christie Taglia LLP
     70 W. Madison Street, Suite 1500
     Chicago, IL 60602
     Tel: (312) 263-2300
     Fax: (312) 263-0939
     Email: blyong@gct.law
     Email: rrbenjamin@gct.law
     Email: calederer@gct.law
     Email: baberneman@gct.law
     Email: ajdagostino@gct.law

Harris Law can be reached through:

     Stephen R. Harris, Esq.
     Harris Law Practice LLC
     6151 Lakeside Drive, Suite 2100
     Reno, NV 89511
     Tel: (775) 786-7600
     Fax: (775) 786-7764
     Email: steve@harrislawreno.com

                        About Sierra Chemical Co.

A Carus Group Inc. company, Sierra Chemical Co. --
http://www.caruscorporation.com/page/sierra-chemical--
manufactures and distributes environmental chemicals for the
municipal, agricultural, mining, and industrial markets.

Founded in 1959, Sierra Chemical Co. started as a compressed gas
supplier in Northern Nevada.  The business grew to become a full
line supplier to the industrial, mining, and municipal markets in
Nevada.  Sierra expanded into Northern California in the mid 1990's
and established a production facility in Stockton, California.

Sierra Chemical Co. was acquired by Carus Group Inc. in 2011.  As a
result, Sierra's product line has expanded to include CAIROX
Potassium Permanganate, CARUSOL Sodium Permanganate, and the Carus
Phosphates Family of products.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. Nev. Case No. 17-51019) on August 30, 2017.  David
J. Kuzy, president, signed the petition.  

At the time of the filing, the Debtor disclosed that it had
estimated assets of $1 million to $10 million and liabilities of
$10 million to $50 million.

Judge Bruce T. Beesley presides over the case.


SIGNATURE APPAREL: Laurita, et al., Liable for Breach of Contract
-----------------------------------------------------------------
The Hon. Robert E. Grossman of the U.S. Bankruptcy Court for the
Southern District of New York has issued a memorandum decision
finding Christopher Laurita and Iconix Brand Group, Inc., liable
for fraud, negligent misrepresentation and tortious interference
with contractual relations.

In addition, the Court holds Christopher Laurita liable for breach
of his fiduciary duty to Debtor Signature Apparel Group LLC and
Iconix Brand is liable for aiding and abetting Mr. Laurita's breach
of his fiduciary duty. Likewise, the Court holds Studio IP is
liable for breach of contract, and New Star is liable for unjust
enrichment.

Anthony Labrosciano, the Chapter 11 Responsible Person of the
estate of Signature Apparel Group LLC, appointed pursuant to a
confirmed liquidation plan, commenced this adversary proceeding
against various Defendants when he discovered that Christopher
Laurita, through New Star Group, LLC, had received millions of
dollars from the ROC Fashions License Agreement.

Mr. Labrosciano asserts that the Iconix Defendants received
$13,552,648 in royalties from ROC Fashions pursuant to the ROC
Fashions License Agreement -- the profits generated by ROC Fashions
under the ROC Fashions License Agreement are not part of this
record.

Signature Apparel Group LLC was formed in 2003 by, inter alia,
Joseph Laurita and Christopher Laurita. In 2004, the Debtor
acquired the right to manufacture and distribute junior sportswear
apparel bearing the Rocawear trademark by entering into a license
agreement with Rocawear Licensing, LLC. As of January 15, 2007, the
Laurita Brothers were the sole members, managers, directors and
officers of the Debtor.

In 2007, Iconix Brand, a large company that owned many license
brands, acquired the Rocawear brand in a transaction valued at over
$200 million. Studio IP Holdings, LLC then succeeded Rocawear
Licensing, LLC as the owner of the Rocawear trademark and the
licensor under the Signature License Agreement.

By August 2009, the Laurita Brothers were actively negotiating with
Ruben Azrak, Victor Azrak and/or Charles Azrak and Li & Fung, Ltd.
concerning a potential transaction involving the Rocawear brand. On
September 4, 2009, before any deal with the Azraks was finalized,
and approximately twenty-two minutes before the cure period
expired, three of the Debtor's apparel agents and manufacturers --
Harvestway (China) Limited, Talful Ltd., and Hitch and Trail, Inc.
(the Petitioning Creditors) -- filed an involuntary bankruptcy
petition against the Debtor.

Immediately after the Involuntary Petition was filed, Iconix Brand
appeared to be ironing out the terms of a deal between Christopher
Laurita and the Azraks to ensure that the exclusive license rights
held by the Debtor under the Signature License Agreement would be
taken over by the Azraks. Christopher Laurita would be employed as
a consultant by a company owned by the Azraks.

Although there was an attempt to reach a global settlement whereby
the Azraks would enter into a Rocawear license agreement with
Iconix Brand -- where the Petitioning Creditors would receive
payment from the Azraks for the clothing at their factories and
waiting to be shipped, and the Azraks would pay $6 million to
Iconix in addition to royalty fees, a settlement was never
finalized -- the case remained as an involuntary case through
September and October, 2009.

In December 2009, New Star was incorporated, with Christopher
Laurita as its sole member. According to Christopher Laurita's
trial testimony, there was no written agreement between New Star
and ROC Fashions, but New Star provided consulting services to ROC
Fashions. Between January 2010 and August 2010, New Star received
$100,000 per month from ROC Fashions for consulting services, for a
total of $800,000.

By September 10, 2009, ROC Fashions terminated the oral sales
representation and consulting arrangement with New Star, and agreed
to pay New Star an additional $2 million for its services. The
termination letter was dated within one month of the effective date
of the Liquidation Plan. Thereafter, Ruben Azrak paid Christopher
Laurita an additional $250,000 and Jacqueline Laurita $275,000. In
total, New Star and Christopher Laurita received $2,050,000 from
ROC Fashions and Ruben Azrak.

Since the negotiations to dismiss the involuntary Chapter 7
proceeding failed, the Parties quickly entered into a plan designed
to grant the exclusive right to manufacture and distribute this
segment of Rocawear apparel to a third party despite the risk that
such grant would violate the automatic stay and constitute a breach
of the exclusive license agreement between the Debtor and Studio
IP.

Consequently, the principals of the Debtor and Iconix Brand, the
parent company of Studio IP had commenced negotiations to transfer
the Rocawear a viable new entity in a manner designed to reduce any
disruption in the flow of merchandise to retailers and to mitigate
significant potential losses to Studio IP and Iconix Brand.

The Parties embarked on a plan which was based on a false premise
that: "the license which was the Debtor's single most valuable
asset was not property of the estate" having been terminated prior
to the commencement of the involuntary petition. Accordingly, a
plan of liquidation was confirmed by the Court on the false premise
that the exclusive license agreement was not property of the
Debtor's estate, and that Studio IP did not breach the contract
post-petition.

Despite knowledge that this was false, the Defendants, along with
certain of the professionals, continued to submit documents to the
Court stating that the Rocwear license had been terminated
prepetition. In fact, the Rocawear license was not terminated as of
the date of entry of the order for relief, and remained an asset of
the Debtor's estate after the order for relief was entered.

During the time period between the filling of the involuntary
petition and entry of the order for relief, a flurry of activity
took place between Christopher Laurita, Iconix Brand, the Azraks,
ROC Fashions, LLC and the Petitioning Creditors. Particularly,
Iconix Brand entered into an exclusive license agreement with ROC
Fashions LLC for the right to manufacture and sell the Rocawear
juniors brand. ROC Fashions was now acting as the exclusive
licensee for the Rocawear juniors brand, despite the fact that the
Signature License Agreement had never been terminated according to
its terms. As a result of the concealment of these activities
through confirmation of a liquidating plan, the Debtor lost the
benefit of its most valuable asset for no compensation.

After review of the record in this case, the Court finds a
consistent failure to comply with the most basic requirements of
the Debtor to provide full and complete disclosure to the Court and
the creditors of the Debtor -- the ultimate result of this scheme
was to confer financial gain upon the Defendants and the subsequent
licensee, at the expense of the Debtor.

In addition, the Court finds that there were no steps were taken in
this case to formally abandon the license agreement, or to seek
permission from the Court to terminate the license agreement. In
fact, the Debtor never pursued a breach of contract claim against
Studio IP for its conduct during the early stages of the bankruptcy
proceeding. The Court also finds that the Debtor's principals and
the parent company of the licensor, with the full knowledge of
certain of the professionals in this case, hid the true facts from
the Court and the creditors of the Debtor throughout the entire
Chapter 11 proceeding.

The Court concludes that if the Debtor pursued a breach of contract
claim against Studio IP, it would have exposed the fact that
Christopher Laurita failed to disclose that the license agreement
was not terminated prepetition, and that with the assistance of
Iconix Brand and others, a third party was reaping the benefits of
the exclusive rights under the license agreement.

Among the many defenses raised by the various Defendants to this
adversary proceeding, one was consistent: "The asset was
inconsequential and had no value to the Debtor because the Debtor
could not fulfill the requirements under the terms of the license
agreement. Because it had no value to the Debtor, the failure to
disclose the existence of the license agreement did not result in
any damages."

The Court rules that the Defendants fail to recognize that the
Debtor was the only party vested with the exclusive right to
manufacture and sell junior apparel under the Rocawear license as
of the date of entry of the order for relief in this case.
Therefore, under the various causes of action set forth, the Court
finds that damages may be significant.

Christopher Laurita also argues that the Azraks and Iconix Brand
entered into a new license agreement in the period between
September 4, 2009 and September 15, 2009 without any assistance by
him whatsoever, behind his back. But the Court is not persuaded
with this argument because Mr. Laurita was aware that the Azraks
needed his assistance to get into the Rocawear business. In fact,
Charles Azrak testified that it was very strongly implied to him
that he had to hire Christopher Laurita in order to get the
business.

The Court concludes that the Defendants, along with their enablers,
turned a blind eye to what they knew was right and in doing so
committed a fraud on not only the creditors, but on the Court
itself. The Court explains that Bankruptcy laws and procedures --
developed to protect the rights of creditors and interested parties
-- are designed to avoid exactly what happened in this case. The
Court also points out that the Bankruptcy Court is meant to be an
honest forum through which the assets of a debtor can be allocated
according to the law – where principals of the Debtor do not get
to enrich themselves to the detriment of creditors and powerful
creditors do not get to manipulate the debtor for their own
particular benefit.

While liability under the causes of action is determined, after
reviewing the record in its entirety, the Court finds that the
evidence and testimony is insufficient to determine damages on each
cause of action except for the ninth cause of action for unjust
enrichment against New Star. Therefore, an additional hearing will
be held in order to fix damages.

The adversary case is SIGNATURE APPAREL GROUP LLC, Plaintiff, v.
JOSEPH LAURITA, CHRISTOPHER LAURITA, NEW STAR GROUP, LLC, ROC
FASHIONS LLC, RVC ENTERPRISES, LLC, RUBEN AZRAK, VICTOR AZRAK,
CHARLES AZRAK, ICONIX BRAND GROUP, INC., and STUDIO IP HOLDINGS
LLC, Defendants. ROC FASHIONS LLC, Third-Party Plaintiff, v. STUDIO
IP HOLDINGS LLC, Third-Party Defendant, Case No. 09-15378 (REG),
Adversary No. 11-02800 (REG), (Bank. S.D.N.Y.).

A full-text copy of the Memorandum Decision dated August 24, 2017,
is available at https://is.gd/fdqfkR from Leagle.com.

New Star Group, LLC is represented by:

           Amos Alter, Esq.
           Jeffrey A. Kramer, Esq.
           Andrew J. Pincus, Esq.
           Seidman & Pincus LLP
           777 Terrace Ave #501
           Hasbrouck Heights, NJ 07604

Joseph Laurita is represented by:

           Tracy L. Klestadt, Esq.
           Klestadt Winters Jureller Southard & Stevens, LLP
           570 Fashion Ave
           New York, NY 10018
           Phone: 212-972-3000

Iconix Brand Group, Inc. is represented by:

           Harris N. Cogan, Esq.
           Andrew T. Hambelton, Esq.
           Blank Rome LLP
           The Chrysler Building
           405 Lexington Avenue
           New York, NY 10174-0208
           Phone: 212.885.5566
           Fax: 917.332.3712
           Email: AHambelton@BlankRome.com
                  HNCogan@BlankRome.com

Studio IP Holdings LLC is represented by:

           Andrew B. Eckstein, Esq.
           Anthony A. Mingione, Esq.
           Blank Rome LLP
           The Chrysler Building
           405 Lexington Avenue
           New York, NY 10174-0208
           Phone: 212.885.5246
           Fax: 917.332.3053

U.S. Trustee is represented by:

           Nazar Khodorovsky, Esq.
           Office of the United States Trustee
     Telephone: (212) 510-0500 ext. 238

                  About Signature Apparel

Signature Apparel Group LLC owns the Fetish trademark and holds the
licenses for Rocawear Juniors and Artful Dodger.

In September 2009, Hitch & Trail Inc and Talful Ltd. filed an
involuntary Chapter 7 petition for Signature Apparel Group LLC in
the U.S. Bankruptcy Court for the Southern District of New York.
Santosh Nadgir at Reuters reported that the two creditors were
claiming that Signature Apparel owed them about $8.3 million.

On Sept. 4, 2009, Signature Apparel filed for Chapter 11 bankruptcy
protection (Bankr. S.D.N.Y. Case No. 09-15378).  Signature
Apparel's plan was confirmed on July 1, 2010.

Judge Robert E. Grossman presides over the post-confirmation
proceedings in the case.  Signature Plan is represented by Kyle C.
Bisceglie, Esq., and Ellen V. Holloman, Esq., at Olshan Frome
Wolosky LLP; and Michael S. Fox, Esq., and Jonathan Koevary, Esq.,
at Olshan Grundman Frome Rosenzweig & Wolosky, LLP.


SPINLABEL TECHNOLOGIES: Taps Greenberg Traurig as Special Counsel
-----------------------------------------------------------------
SpinLabel Technologies, Inc., seeks authority from the U.S.
Bankruptcy Court for the Southern District of Florida, West Palm
Beach Division, to employ Bruce C. Rosetto and Greenberg Traurig as
special counsel with respect to corporate and financing matters.

Services required of Greenberg are:

     a. prepare documents to carry on the Debtor's affairs as
        a Delaware corporation;

     b. comply with the Debtor's general corporate and
        fiduciary obligations under applicable law; and

     c. attend to transactional matters that arise in the
        context of the Debtor seeking and obtaining
        financing from third parties.

Hourly rates of Greenberg Traurig professionals are:

     Paralegals  - $225
     Associates  - $425
     Mr. Rosetto - $695

Greenberg Traurig's Bruce C. Rosetto attests that no attorney in
the Firm has had or presently has any connection with the Debtor's
creditors on any matter in which the Firm is to be engaged.

The Firm can be reached through:

      Bruce C. Rosetto, Esq.
      GREENBERG TRAURIG, LLP
      5100 Town Center Circle, Suite 400
      Boca Raton, FL 33486
      Tel: 561-955-7625
      Email: rosettob@gtlaw.com

                       About SpinLabel Technologies

SpinLabel Technologies -- http://www.spinlabels.com/-- is a  
Florida-based company dedicated to building and licensing its
unique labeling technology that builds brand value by engaging
current and prospective customers in the shopping corridor and at
home.

SpinLabel's proprietary, patented label Technology enables a
spinning label (an outer Label over an inner label) to almost
double the valuable messaging space on a container. SpinLabel is
aligned with top label manufacturers globally to facilitate easy
integration into most types of existing consumer product
packaging.

SpinLabel Technologies, Inc., dba Spinformation, Inc., dba Accudial
Pharmaceutical, Inc., dba Accudial, Inc., based in Miami, FL, filed
a Chapter 11 petition (Bankr. S.D. Fla. Case No. 17-20123) on
August 9, 2017.  Bradley S Shraiberg, Esq., at Shraiberg Landaue &
Page PA, 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 Alan
Shugarman, its director.


STATE THEATRE OWNER: Moviehouse Auction Postponed Sine Die
----------------------------------------------------------
The proposed auction of the lot and building that houses the
Culpeper State Theatre in Culpeper County, Virginia, has been
postponed indefinitely, Allison Brophy Champion of the Culpeper
Star Exponent reported.

As reported by the Troubled Company Reporter, Paul S. Bliley, Jr.,
of Williams Mullen, P.C., as Substitute Trustee, was scheduled to
offer the property for sale at public auction at the front entrance
of the Culpeper County Circuit Court located at 135 W. Cameron
Street, Culpeper, Virginia 22701, on September 13.

Mr. Bliley told Star Exponent that the note holder instructed him
late Monday to postpone the sale.  "The historic Main Street venue
could be experiencing a reprieve from an unknown future as its lien
holders explore other solutions," the report said.

"I do not know the specific reason for the postponement, but I
assume the parties in interest are working through various options.
Postponement of foreclosure sales is not unusual," said Mr. Bliley,
according to the report.

According to the report, Mr. Bliley said there is no specific date
for the rescheduled sale, but that he expected it to be rescheduled
in about 45 days.  He said he had received several calls from
parties who were interested in the auction.

The Culpeper State Theatre, has been closed nearly a year due to an
income shortfall, according to a report by the Culpeper Star
Exponent.

The property is owned by State Theatre Owner, LLC, a Virginia
limited liability company, which has been declared in default under
a loan agreement.

As previously reported by the TCR, to participate in the bidding, a
bidder's deposit in the amount of $250,000 will be required at the
Date of Sale in cash or by certified or cashier's check payable to
the Trustee (or to the bidder and endorsed to the Trustee). To the
extent the deposit exceeds 10% of the final bid, the Trustee will
refund the difference pending closing.

The Trustee's Notice of Auction does not identify the Noteholder.


According to a prior report by the Culpeper Star Exponent, court
documents show a Rappahannock County couple made a $2 million loan
to the State Theatre Foundation in 2012 with a scheduled maturity
date by the following year. The repayment schedule was extended in
2013 to 2020, as the request of the State Theatre Foundation, and
the creditor agreed so long as the loan did not default, according
to court documents.  Those court documents also reveal that a
second Rappahannock County party, Melbell LLC, made a $3 million
dollar loan to the foundation for construction around the same time
for which the repayment schedule was also extended to 2020 at the
request of the Foundation.

The Star Exponent report added that a 2017 real estate assessment
of the State Theatre valued it at $2.68 million. The venue is
current on its taxes having been approved as a tax-exempt nonprofit
for 2014, 2015 and 2016, the Star Exponent said, citing Culpeper
County Treasurer David DeJarnette.

According to the Star Exponent report, "The circa 1938 former
vaudeville movie house came gloriously back to life in 2013
following an estimated $13 million renovation and expansion to its
current 25,548-square-feet," and that, "The nonprofit State Theatre
Foundation, led by a volunteer board of directors, subsequently
took over ownership and management of the theater, which attracted
numerous national artists and hosted regional, state and local
acts. On Sept. 14, 2016, the board abruptly closed the 500-seat
theater -- with various shows already booked and scheduled -- due
to a lack of money to keep it open. Since then, the movie house has
sat empty in the center of town, a single light in the lobby the
only sign of life."

The Trustee may be reached at:

     Paul S. Bliley, Jr.
     Substitute Trustee and
     Agent for the Secured Party
     Williams Mullen, P.C.
     200 South 10th Street
     Richmond, VA 23218
     Tel: (804) 420-6448


STEFANOVOUNO LLC: Can Use Charbel Cash Collateral Until Sept. 30
----------------------------------------------------------------
Judge J. Michael Deasy of the U.S. Bankruptcy Court for the
District of New Hampshire authorized to use the cash collateral of
Charbel Realty, LLC, in the ordinary course of its business pending
a final hearing.

A final hearing on the Debtor's use of Cash Collateral will be held
on Sept. 13, 2017 at 2:00 p.m.  Objections to the final approval of
the Debtor's Motion are required to be filed and served by Sept.
6.

The Debtor is permitted to use and expend the proceeds of cash
collateral to pay the costs and expenses incurred by the Debtor in
the ordinary course of business during the period from August 17,
2017 through September 30, 2017 or the date on which the Court
enters an order revoking the Debtor's right to use cash collateral
in accordance with the budget.

The approved Budget provides total operating expenses of
approximately $54,289 during the period from Aug. 17 to Aug. 31,
2017 and $116,466 during the period from Sept. 1 to Sept. 30, 2017

The Debtor has a first and second mortgage with Charbel Realty. The
Debtor will pay both of its monthly mortgage payments to Charbel
Realty. The first mortgage payment is $3,787, and the second
mortgage payment is $4,378. The Debtor will make both of those
payments for the month of August, 2017 and continuing each month.
These payments will be the normal mortgage payments going forward.


Charbel Realty is granted a post-petition replacement lien and
security interest in all post-petition property of the estate of
the same type against which Charbel Realty, held validly perfected
and not avoidable liens and security interests as of the Petition
Date. Such replacement lien will maintain the same priority,
validity and enforceability as such liens on the cash collateral,
but will be recognized only to the extent of any diminution in the
value of the collateral resulting from the use of cash collateral.

A full-text copy of the Order, dated August 29, 2017, is available
at https://is.gd/dkgbGa

                      About Stefanovouno

Stefanovouno, LLC, owns a business and real estate located at 2323
Brown Avenue, Manchester, New Hampshire.  It is owned, managed, and
operated by Thomas Katsiantonis.  Mr. Katsiantonis has owned,
managed, and operated Stefanovouno since November 2014.
Stefanovouno, LLC has owned the real estate at 2323 Brown Avenue,
Manchester, New Hampshire since March 2015.  Stefanovouno, LLC,
operates a pizza restaurant known as Tommy K's in the building at
2323 Brown Avenue, Manchester, New Hampshire.  It is open seven
days a week.

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.  The petition was signed by Thomas
Katsiantonis, manager.

Eleanor Wm Dahar, Esq., at Victor W. Dahar Professional
Association, serves as the Debtor's bankruptcy counsel


STEREOTAXIS INC: Incurs $546,960 Net Loss in Second Quarter
-----------------------------------------------------------
Stereotaxis, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q reporting a net loss
attributable to common stockholders of $546,960 on $8.46 million of
total revenue for the three months ended June 30, 2017, compared to
a net loss attributable to common stockholders of $2.33 million on
$7.87 million of total revenue for the three months ended June 30,
2016.

For the six months ended June 30, 2017, Stereotaxis reported
earnings attributable to common stockholders of $99,281 on $15.44
million of total revenue compared to a net los attributable to
common stockholders of $4.60 million on $16.52 million of total
revenue for the six months ended June 30, 2016.

The Company's balance sheet as of June 30, 2017, showed $16.68
million in total assets, $30.78 million in total liabilities, $5.96
million in convertible preferred stock and a $20.05 million total
stockholders' deficit.

Gross margin in the quarter was $6.3 million, or 74% of revenue,
versus $6.8 million, or 86% of revenue, in the second quarter of
2016 and $5.7 million, or 82% of revenue, in the first quarter of
2017.  The reduction in gross margin percentage does not reflect
any fundamental changes in product pricing or costs but is
primarily the result of higher system sales in the second quarter
of 2017 as well as the launch and installation of e-Contact
technology at European hospitals.  Gross margin of 78% for the
first half of 2017 was essentially equivalent to the gross margin
recorded for the full year 2016.

Operating expenses in the second quarter were $6.7 million, down
from $8.4 million in the prior year quarter and $7.6 million in the
first quarter.  The reduction in operating expenses reflects lower
executive compensation and more efficient management of expenses
across the organization, but does not represent any material
changes in the organization's personnel, infrastructure or
capabilities.  Operating loss in the second quarter was $(0.4)
million, a significant reduction compared to $(1.6) million in the
prior year second quarter and $(1.9) million in the first quarter.


Cash utilization for the second quarter was $(0.7) million.  Cash
utilization in the quarter does not reflect the receipt of cash
from the sale of the Niobe system, with which the Company would
have had recorded positive free cash flow.

At June 30, 2017, Stereotaxis had cash and cash equivalents of $5.0
million, no debt, and $3.9 million in unused borrowing capacity on
its revolving credit facility, for total liquidity of $8.9
million.

David Fischel, Chairman and Acting CEO, commented, "I am pleased
with our progress in the quarter from a financial, operational and
strategic perspective.  Our focus remains on supporting
electrophysiologists build successful robotic ablation practices
and identifying and initiating the strategic innovation paths that
improve patient care, physician choice and our technology
availability.  The combination of these should enable a future
where robotic ablation is standard of care across a broad spectrum
of cardiac arrhythmias."

"During the quarter, we launched the e-Contact module in Europe, an
important capability on the path to robust automation software.
Increased customer engagement led to annual growth in global
procedure volumes.  Improved expense management led to a meaningful
reduction in operating loss.  We are working on establishing
additional capabilities, relationships and innovation programs that
will be announced when appropriate."

Full Year 2017 Expectations

The Company is reaffirming each of the expectations for 2017 that
were initially provided in May:

   * Full year 2017 expected revenue to exceed $30 million

   * Approximately cash flow neutral for the last three quarters
     of 2017

   * Development and initiation of long term product innovation
     plan

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

                     https://is.gd/iQ9Ial

                      About Stereotaxis

Based in St. Louis, Missouri, Stereotaxis, Inc., is a manufacturer
and developer of a suite of navigation systems in interventional
surgical procedures.  The Company's Epoch Solution is used in the
treatment of arrhythmias and coronary artery disease.

Stereotaxis reported a net loss available to common stockholders of
$11.80 million on $32.16 million of total revenue for the year
ended Dec. 31, 2016, compared to a net loss available to common
stockholders of $7.35 million on $37.67 million of total revenue
for the year ended Dec. 31, 2015.


STEREOTAXIS INC: May Issue 4M Shares Under 2012 Incentive Plan
--------------------------------------------------------------
Stereotaxis, Inc., filed with the Securities and Exchange
Commission a Form S-8 registration statement to register an
additional 4,000,000 shares of common stock issuable under the
Company's 2012 Stock Incentive Plan.

On May 23, 2017, at the annual meeting of shareholders of
Stereotaxis the shareholders of the Company approved the fourth
amendment to the 2012 Stock Incentive Plan.  The Fourth Plan
Amendment was previously approved by the Company's Board of
Directors in February 2017, subject to such shareholder approval.
The Fourth Plan Amendment provides, among other things, that a
maximum of 8,290,000 shares of the Company's common stock, $0.001
par value per share, may be issued thereunder.

Previously, 790,000 shares were authorized under the Plan and
registered under the Securities Act of 1933, as amended, pursuant
to a registration statement on Form S-8 previously filed on Jan.
22, 2013; an additional 1,000,000 shares were authorized under the
First Plan Amendment and registered under the Securities Act,
pursuant to a registration statement on Form S-8 previously filed
on May 5, 2014; an additional 1,000,000 shares were authorized
under the Second Plan Amendment and registered under the Securities
Act, pursuant to a registration statement on Form S-8 previously
filed on Aug. 7, 2014; and an additional 1,500,000 shares were
authorized under the Third Plan Amendment and registered under the
Securities Act, pursuant to a registration statement on Form S-8
previously filed on Aug. 10, 2016, which remain in full force and
effect.

The additional shares registered are of the same class as those
securities covered by the Previous S-8.

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

                       https://is.gd/aINKEa

                        About Stereotaxis

Based in St. Louis, Missouri, Stereotaxis, Inc., is a manufacturer
and developer of a suite of navigation systems in interventional
surgical procedures.  The Company's Epoch Solution is used in the
treatment of arrhythmias and coronary artery disease.

Stereotaxis reported a net loss available to common stockholders of
$11.80 million on $32.16 million of total revenue for the year
ended Dec. 31, 2016, compared to a net loss available to common
stockholders of $7.35 million on $37.67 million of total revenue
for the year ended Dec. 31, 2015.  The Company's balance sheet as
of June 30, 2017, showed $16.68 million in total assets, $30.78
million in total liabilities, $5.96 million in convertible
preferred stock and a $20.05 million total stockholders' deficit.


SUNBURST FARMS: Proposes an Online Auction of Equipment by BigIron
------------------------------------------------------------------
Sunburst Farms Partnership asks the U.S. Bankruptcy Court for the
District of Kansas to authorize the sale of personal property,
including numerous vehicles, tools, and equipment, by online
auction to be conducted by BigIron Auctions.

The Debtor is the owner of Equipment.  It intends to liquidate all
of its assets through its bankruptcy case.  It proposes to hold a
public auction in order to sell the Equipment to be conducted by
BigIron.  A separate employment application has been filed
concurrently with the Motion.  The proposed auction will be
conducted between Nov. 27 and Dec. 8, 2017 and held via the
Internet.  All sales will be to the best and highest bidder.  

The Equipment will be sold in its then existing condition with no
express or implied warranties, and the purchasers are to accept
each item of Equipment in such condition.  The payment will be
required before the buyers take possession of any Equipment sold in
the course of the auction.  The Debtor believes it is in the best
interests of the bankruptcy estate and its creditors to sell the
assets free and clear of all liens and encumbrances pursuant to the
auction listed.

                       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.


SUNGEVITY INC: Court Approves Structured Case Dismissal
-------------------------------------------------------
Vince Sullivan, writing for Bankruptcy Law360, reports that Judge
Kevin Gross has approved the structured dismissal of the Chapter 11
case of Sungevity Inc., thereby overruling the objection of the
U.S. Trustee who insisted that the case should be converted into a
Chapter 7 liquidation instead.  The judge has determined that
dismissal is the best option for the estate, Law360 relates.

Law360 further cites that under the approved dismissal plan,
Sungevity will set up a claims reconciliation process and a process
where professional fee applications can be heard.

                         About Sungevity

Based in Oakland, California, Sungevity, Inc. --
http://www.sungevity.com/-- was a solar electricity company until
its bankruptcy and sale in early 2017.  Privately-held Sungevity
provided sales, marketing, system design, installation,
maintenance, financing services, and post-installation services for
solar energy systems in the U.S., the U.K., and Europe.

Sungevity Inc. and three affiliates sought Chapter 11 bankruptcy
protection (Bankr. D. Del. Lead Case No. 17-10561) on March 13,
2017, estimating $100 million to $500 million in both assets and
debt.

The Debtors tapped Morrison & Foerster LLP as general counsel;
Young Conaway Stargatt & Taylor LLP as local counsel; AlixPartners
LLC as financial advisor; Ducera Securities LLC as investment
banker; and Kurtzman Carson Consultants LLC as claims and noticing
agent.

The Official Committee of Unsecured Creditors formed in the case
tapped Morris James LLP as counsel, Brown Rudnick LLP as
co-counsel, and Goldin Associates LLC as financial advisors.

                          *     *     *

In April 2017, Judge Kevin Gross approved the sale of substantially
all assets and business of Sungevity, Inc., et al. to LSHC Solar
Holdings, LLC.  LSHC, a company formed by private equity firm
Northern Pacific Group, purchased the assets via a credit bid of
$50 million.  The buyer changed the name of the business to Solar
Spectrum.  The Order is available at:

         http://bankrupt.com/misc/deb17-10561-280.pdf


TD MANUFACTURING: Black Mountain Buying Three Equipment for $2.3K
-----------------------------------------------------------------
TD Manufacturing, LLC, asks the U.S. Bankruptcy Court for the
District of Colorado to authorize the sale of three unnecessary
equipment: (i) 8 Drawer Tool Cabinet for $200; (ii) 10 Drawer Tool
Cabinet for $300; and (iii) 2000 PCC Olofsson PTH2015 Five Axis CNC
Lathe $1,800 to Black Mountain Manufacturing, LLC ("BMM").

The Equipment is encumbered by the following secured claims: (i)
Colorado Lending Source and (ii) TBK Bank.

The Purchase Price has been determined based upon the appraised
value of the Equipment.  The appraisal was performed by Holt and
Associates, appraisers and auctioneers.  Thus, the sale price is
fair and reasonable.  In addition, BMM is paying for the legal fees
associated with the sale.  The sale of the Equipment is free and
clear of liens, claims and encumbrances and other interests.

The closing of the sale will occur three business days after a
final non-appealable Order is entered approving the Agreement; to
occur at Buechler & Garber, LLC, 999 18th Street, Suite 12308,
Denver, Colorado or such other location as agreed to by the
parties.

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

      http://bankrupt.com/misc/TD_Manufacturing_82_Sales.pdf

The sale proceeds will be used to satisfy all sale and closing
cost, including all legal fees, and then liens, claims and
encumbrances upon the Equipment in the order of their priority to
the extent proceeds exist.

It is in the best interests of the Debtor, its estate and its
creditors to sell the Equipment as soon as possible as it will
reduce the secured claims and the costs and expenses associated
with the Equipment.

The Purchaser:

          BLACK MOUNTAIN MANUFACTURING, LLC
          1130 7th Avenue
          Greely, CO 60631

                   About TD Manufacturing LLC

Based in Greeley, Colorado, TD Manufacturing LLC --
http://www.t-dmanufacturing.com/-- operates a metal manufacturing
and powder coating shop that specializes in plasma table cutting,
welding, sand blasting, and powder coating.

TD Manufacturing sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Colo. Case No. 17-14243) on May 9, 2017.
The petition was signed by Luke Yockim, manager.  At the time of
the filing, the Debtor disclosed $286,671 in assets and $1.40
million in liabilities.

The case is assigned to Judge Michael E. Romero.

Aaron A. Garber, Esq., at Buechler & Garber, LLC, serves as the
Debtor's bankruptcy counsel.

On Sept. 7, 2017, the Court appointed Dickensheet & Associates,
Inc., as Auctioneer to the Debtor.


TEMPLE UNIVERSITY: Fitch Rates $242.7MM Revenue Bonds 'BB+'
-----------------------------------------------------------
Fitch Ratings has assigned a 'BB+' rating to the $242.7 million
Hospital and Higher Education Facilities Authority of Philadelphia
hospital revenue bonds, series 2017 issued on behalf of Temple
University Health System Obligated Group (TUHS).

In addition, Fitch has affirmed the rating on the following bonds
issued on behalf of TUHS:

-- $294.3 million Hospital and Higher Education Facilities
    Authority of Philadelphia hospital revenue bonds, series 2012A

    and B;

-- $201.6 million Hospital and Higher Education Facilities
    Authority of Philadelphia hospital revenue bonds series 2007
    A* and B*.

*To be refunded by the series 2017 bonds.

Bond proceeds will currently refund all of the series 2007 A and B
bonds and approximately $56.6 million of the series 2012B bonds,
provide monies for a debt service reserve fund, and pay issuance
costs. The bonds are scheduled to sell via negotiated sale during
the week of Sept. 25, 2017.

The Rating Outlook is Stable.

SECURITY

The bonds are secured by a pledge of obligated group (OG) gross
receipts, mortgages on certain OG properties, and debt service
reserve funds. The OG represented approximately 95% of the assets
and 100% of the revenues of the consolidated system in fiscal 2016
(June 30 year-end). Fitch's analysis and all figures cited in this
press release reflect the consolidated system.

KEY RATING DRIVERS

CHALLENGING OPERATING ENVIRONMENT: TUHS operates in the highly
competitive southeastern Pennsylvania healthcare market, with its
flagship medical center (Temple University Hospital, TUH) located
in the economically challenged north Philadelphia area.
Additionally, TUHS's payor mix is restrictive, with governmental
payors accounting for a very high 74.5% of revenues during the
first 11 months of fiscal 2017. However, it has also seen solid
business growth and a successful expansion strategy, especially in
oncology programs at Fox Chase Cancer Center and higher-end
clinical services.

ADEQUATE BUSINESS GROWTH: Despite the competitive nature of the
market and the decreasing inpatient volume trends in the greater
Philadelphia area, TUHS was able to maintain a relatively stable
level of discharges and observation stays during the last several
years. Importantly, TUHS increased its high acuity market share in
the large five-county service area to 5.7% in fiscal 2016, from 5%
five years earlier. Additionally, TUHS's overall case mix index
increased to 1.81 in the current fiscal year from 1.68 in fiscal
2014.

MODEST FINANCIAL PERFORMANCE: TUHS produced two years of positive
operating results in fiscal 2015 and 2016, but margins are slim and
reliant upon significant levels of supplemental funding. For the
first 11 months of fiscal 2017, profitability weakened and was
below budgeted amounts mostly from costs relating to an electronic
medical record implementation and higher professional lability
expenses. As a result, TUHS's profitability metrics are low and
consistently lag Fitch's below-investment-grade medians.

SUPPLEMENTAL FUNDING DEPENDENCE: TUHS's flagship facility, TUH,
serves as both a provider of high-end specialty services and as a
de facto safety net hospital for North Philadelphia. As such, its
viability is of critical importance to the greater Philadelphia
healthcare market, which has been reflected in the significant
support the institution has been receiving in the form of
supplementary revenues, which in fiscal 2016 and 2017 remained
substantial and higher than in 2015. While there are uncertainties
as to the composition and level of the supplemental funding,
management has a long history of productive relationships with both
the Commonwealth and city of Philadelphia.

MANAGEABLE DEBT POSITION: TUHS's debt burden is low with pro forma
maximum annual debt service (MADS) at 2.5% of total revenues, which
is lower than Fitch's below-investment-grade median of 3.8%.
Further, TUHS's pro forma MADS is front-loaded due to the short
average life of capitalized leases that mature over the next
several years and full repayment of the series 2012B bonds in
fiscal 2019. Pro forma MADS drops to $42.9 million from the current
$49 million. In addition, the debt service schedule is front-loaded
with pro forma MADS dropping further to approximately $35.8 million
by fiscal 2023. Despite the low debt burden, coverage of pro forma
MADS was only 2.1x in fiscal 2016 and 1.5x for the 11-month
unaudited period ending May 31, 2017.

LIGHT CASH POSITION: Liquidity remains light with unrestricted cash
and investments at $374 million as of May 31, 2017. The cash
position is above budgeted levels primarily from improved working
capital management and the use of series 2012 bond funds for
capital spending. Given the system's business growth and stagnant
liquidity balances, days cash on hand (DCOH) as of May 31, 2017 is
low at 80.2, down from 98.1 DCOH at the end of fiscal 2014. TUHS's
moderate amount of debt outstanding produces a more favorable
cash-to-debt metric of 72% as of May 31, 2017.

RATING SENSITIVITIES

FINANCIAL STABILITY EXPECTED: Fitch expects that Temple University
Health System will make necessary adjustments to stabilize
operating performance and maintain liquidity metrics. A higher
rating would require meaningful improvement in operating
profitability that leads to strengthened cash flow and balance
sheet metrics that are closer to Fitch's 'BBB' category medians.
Alternatively, softer financial performance that stresses debt
service coverage or weakens liquidity will produce negative rating
pressure.


THOMAS PETTERS: District Court Tosses Out JPMorgan Appeal
---------------------------------------------------------
Evan of Weinberger of Bankruptcy Law360 reports that Minnesota
District Judge John R. Tunheim denied JPMorgan Chase & Co's
interlocutory appeal of its motion to dismiss a complaint by
Douglas Kelley, the trustee of the Thomas Petters bankruptcy case.

The complaint alleged that JPMorgan aided businessman Thomas
Petters in a $3.7 billion Ponzi scheme, Law360 cites.  JP Morgan
sought for a dismissal of the complaint, but a bankruptcy court
issued an oral order in January denying the bank's request.

Judge Tunheim opined that a review of the bankruptcy court January
oral order would not hasten conclusion of the Petters  bankruptcy
proceedings, Law360 relates.

                        About Tom Petters

Thomas Joseph Petters was the founder of Petters Group Worldwide
LLC.  Between 1998 and 2008, Mr. Petters created a series of
investment funds, which included Arrowhead, Lancelot, Palm Beach
and Stewardship, to raise in excess of $4 billion.  Mr. Petters
used the funds to finance the acquisitions of Petters Group
Worldwide.  Amid mounting criminal investigations of massive fraud,
Mr. Petters resigned as his company's CEO on Sept. 29, 2008.  In
2009, he was convicted of numerous federal crimes for operating
Petters Group Worldwide as a $3.65 billion Ponzi scheme and
received a 50-year federal sentence.  Mr. Petters is now imprisoned
at the United States Penitentiary, Leavenworth.

Formed in 1988 and based in Minnetonka, Minn., Petters Group
Worldwide was a collection of some 20 companies, most of which make
and market consumer products.  Holdings included Fingerhut
(consumer products via its catalog and Web site), SoniqCast (maker
of portable, WiFi MP3 devices), leading instant film and camera
company Polaroid (purchased for $426 million in 2005), Sun Country
Airlines (acquired in 2006), and Enable Holdings (online
marketplace and auction for consumers and manufacturers' overstock
inventory).  

Petters Group Worldwide, LLC, and capital raising unit Petters
Company, Inc. filed Chapter 11 bankruptcy petitions (Bankr. D.
Minn. Case Nos. 08-45257 and 08-45258) on Oct. 11, 2008.  Douglas
Kelley was named as the Chapter 11 Trustee to take charge of the
bankruptcy process and what's left of the business.  The Trustee
tapped Lindquist & Vennum LLP, in Minneapolis, Minn., as bankruptcy
counsel, Haynes and Boone, LLP as special counsel, and Martin J.
McKinley as his financial advisor.

Sun Country Airlines, Inc., and related entities filed for Chapter
11 bankruptcy protection (Bankr. D. Minn. Lead Case No. 08-45136)
on Oct. 6, 2008.  In July 2011, Sun Country Airlines was purchased
out of bankruptcy for $34 million by the Davis family, owners of
Cambria, a Minnesota-based countertop company.

Polaroid Corp. filed its second voluntary petition for Chapter 11
protection (Bankr. D. Minn. Lead Case No. 08-46617) on Dec. 18,
2008.  PLR Acquisition LLC, a joint venture composed of Hilco
Consumer Capital L.P. and Gordon Brothers Brands LLC, acquired most
of Polaroid's assets -- including the Polaroid brand and trademarks
-- in May 2009.  They paid $87.6 million for the brand.  Debtor
Polaroid Corp. was renamed to PBE Corp. following the sale.  The
case was converted to Chapter 7 on Aug. 31, 2009, and John R.
Stoebner serves as the Chapter 7 Trustee.


TMR LLC: Wants to Use Cash Collateral of New Frontier
-----------------------------------------------------
TMR, LLC, seeks permission from the U.S. Bankruptcy Court for the
Eastern District of Missouri to use cash collateral.

Until recently, DAC, Inc., one of the two manufacturing companies
occupying the Debtor's commercial building in Washington, Missouri,
had been consistently profitable.  However, Tim and Lona Roewe --
the owners of DAC and the Debtor -- have encountered several
problems with DAC, as well as with some of their other businesses,
in the past year or so and have suffered from poor cash flow and a
resultant inability to keep up with their bills, including DAC's
rental payments to the Debtor.  Without rental payments, the Debtor
fell behind in its payments to New Frontier Bank, and it commenced
the foreclosure which led to the filing of this case.

The Debtor believes that DAC can become profitable again with the
reorganization and sales of their other assets.  At this point, DAC
is losing sales because it has insufficient cash to order the
materials necessary to fill orders.  Additionally, DAC lost two
large customers within the past year.  However, one of those
customers is taking new proposals from suppliers in September, and
the other next year.  As DAC still holds substantial product to be
utilized by the second customer, Mr. Roewe feels reasonably
comfortable about getting that customer back.

The Debtor tells the Court that the purpose of this case is to
provide a breathing spell for the Debtor to resume receiving timely
rental payments from DAC, which will happen with a cash infusion
into DAC from asset sales and a rebuilding of its customer base.
The Debtor assures the Court that during this period, New Frontier
is protected by a substantial equity cushion.  Its appraisal of the
building in March 2016 was $5,440,000.  The property secures a debt
from the Debtor to New Frontier of approximately $4,008,000.  The
Debtor does not dispute the existence or the validity of the lien,
and does not object to the balance due.  

The property is cumbered by real estate taxes due for 2015 and 2016
of approximately $160,000, resulting in an equity cushion for New
Frontier of $1,272,000.  The property also was pledged as
collateral for a loan from New Frontier to DAC, with a balance due
of approximately $500,000.  The Debtor does not dispute the
existence or the validity of the lien, and does not object to the
balance due.  However, this debt already is well-secured with
collateral pledged by DAC.  The property also is secured by a
judgment lien held by Itria Ventures, LLC.  This lien is junior to
that of New Frontier and thus has no effect on its equity cushion.
The Debtor says that the property is insured and well maintained,
and is not depreciating.

The Debtor states that although the cash needs of the Roewes appear
large, the money is necessary to protect the $2.5 million dollars
in equity available to reorganize their businesses.  Several of
their assets are listed for sale, most notable of which is the
restaurant/pool/nightclub which the Roewes were trying to develop,
and which could have as much as million dollars in equity.  One
possible purchaser has inspected the property three times, most
recently with an architect.

The building at 1200 Stafford, next door to the Debtor, also has
drawn serious interest.

The Debtor says that once one or more of these assets are
liquidated, the Roewes will be able to reduce their debt load,
reorganize the debts of the Debtor and their other business, and
get past the one-time events which combined to create their
business problems.

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

            http://bankrupt.com/misc/moeb17-45907-11.pdf

                         About TMR LLC

TMR, LLC, owns a commercial building in Washington, Missouri, which
houses two manufacturing companies.  The building also was owned by
the Roewes before being transferred to TMR in 2014.  The Debtor
listed its business as a single asset real estate (as defined in 11
U.S.C.  Section 101(51B)).  It is a small business debtor as
defined in 11 U.S.C. Section 101(51D).

TMR, LLC filed for Chapter 11 bankruptcy protection (Bankr. E.D.
Mo. Case No. 17-45907) on Aug. 29, 2017, estimating its assets and
liabilities at between $1 million and $10 million.  The petition
was signed by Timothy M. Roewe, managing member.

Judge Charles E. Rendlen III presides over the case.

A. Thomas DeWoskin, Esq., at Danna Mckitrick, PC, serves as the
Debtor's bankruptcy counsel.


TRIAD GUARANTY: Disclosures Approved, Plan Hearing Set for Oct. 31
------------------------------------------------------------------
BankruptcyData.com reported that Triad Guaranty and Wolfgang
Holdings filed with the U.S. Bankruptcy Court an Amended Disclosure
Statement related to the Company's Amended Joint Plan of
Reorganization.  According to documents filed with the Court, "The
Plan provides that each Holder of an Allowed Administrative Expense
Claim will receive either (i) payment in full in Cash for the
unpaid portion of such Allowed Administrative Expense Claim or (ii)
such other less favorable treatment as agreed to in writing by the
Reorganized Debtor and such Holder. The DIP Financing Loan is a
loan from Triad DIP Investors LLC in the amount of no less than
$400,000 that was authorized and approved by the Bankruptcy Court.
In consideration for Manderson acting as managing member of
Wolfgang, a Proponent, on the date of filing of the Plan, the
Debtor issued 900,000 shares of New Common Stock of the Debtor, to
be granted as Restricted Stock to Manderson or his designee,
vesting pursuant to the conditions of the grant agreed to between
the Debtor and Manderson. Vesting conditions include: (i) the
Confirmation of the Plan; (ii) Manderson and the Reorganized Debtor
entering into a mutually acceptable employment agreement, and (iii)
Manderson's continuous service as a director or executive officer
of the Reorganized Debtor during a 3-year vesting period. On the
Effective Date, the Reorganized Debtor shall perform the following:
(a) All of the shares of the New Common Stock issued pursuant to
the Plan shall be duly authorized, validly issued, fully paid, and
non-assessable. (b) In addition, the New Common Stock will be
subject to transfer restrictions summarized below (the 'NOL
Protective Provision') to prevent an 'ownership change' within the
meaning of IRC Section 382 from occurring until certain conditions
summarized below are satisfied. The Reorganized Debtor's Board
shall consist of three (3) members upon the Effective Date: (i)
Manderson, (ii) William T. Ratliff, III (or other nominee of the
Holders of the Previously Issued Common Stock), and (iii) one (1)
nominee recommended by the Investors and agreed upon by the Plan
Proponents."

BankruptcyData.com related that the Court subsequently approved the
Disclosure Statement and scheduled an October 31, 2017 hearing to
consider the Plan, with objections due by October 16, 2017.

                    About Triad Guaranty Inc.

Winston-Salem, North Carolina-based Triad Guaranty Inc. (OTC
BB:TGIC) -- http://www.triadguaranty.com/-- is a holding company
that provided private mortgage insurance coverage in the United
States through its wholly-owned subsidiary, Triad Guaranty
Insurance Corporation.  TGIC is a nationwide mortgage insurer
pursuing a run-off of its existing in-force book of business.

In December 2012, the Company's mortgage insurer subsidiary, Triad
Guaranty Insurance Corporation, was placed into rehabilitation,
whereby the Illinois Department of Insurance was vested with
possession and control over all of TGIC's assets and operations.

On May 30, 2013, the magistrate judge for the U.S. District Court
of the Middle District of North Carolina issued an order denying
the Company's motion to dismiss a class action lawsuit against the
company and two of its former officers. Shareholders filed the
class action suit in 2009, claiming the company misled investors
about poor financial results caused by improper underwriting
procedures.

Triad Guaranty Inc. filed a Chapter 11 petition (Bankr. D. Del.
Case No. 13-11452) on June 3, 2013, estimating assets of at least
$100 million and liabilities of less than $50,000.

Bankruptcy Judge Mary F. Walrath presides over the case.

Thomas M. Horan, Esq., at Shaw Fishman Glantz & Towbin LLC replaced
Womble Carlyle Sandridge & Rice, LLP, as counsel to the Debtor.
Thomas M. Horan, Esq., previously worked at Womble Carlyle
Sandridge & Rice, LLP.  The Debtor tapped Donlin, Recano & Company,
Inc., as claims and noticing agent.


ULURU INC: Incurs $543,000 Net Loss in Second Quarter
-----------------------------------------------------
ULURU Inc. filed with the Securities and Exchange Commission its
quarterly report on Form 10-Q reporting a net loss of $543,045 on
$4,314 of total revenues for the three months ended June 30, 2017,
compared to a net loss of $536,243 on $264,333 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 $1 million on $221,431 of total revenues compared to a net
loss of $1.18 million on $373,125 of total revenues for the same
period a year ago.

The Company's balance sheet at June 30, 2017, showed $10.19 million
in total assets, $3.15 million in total liabilities and $7.03
million in total stockholders' equity.

The Company has funded its operations primarily through the public
and private sales of convertible notes, rights to acquire Common
Stock, and Common Stock.  Product sales, royalty payments,
licensing fees and milestone payments from its corporate alliances
have also provided, and are expected in the future to provide,
funding for operations.

The Company's principal source of liquidity is cash and cash
equivalents.  As of June 30, 2017, its cash and cash equivalents
were approximately $5,455,000, which is an increase of
approximately $5,418,000 as compared to its cash and cash
equivalents at Dec. 31, 2016, of approximately $37,000.  The
Company's working capital (current assets less current liabilities)
was approximately $3,638,000 at June 30, 2017, as compared to its
working capital at Dec. 31, 2016, of approximately $(1,614,000).

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

                       https://is.gd/qo2D1b

                         About ULURU Inc.

Addison, Texas-based ULURU Inc. -- http://www.uluruinc.com/-- is a
specialty pharmaceutical company focused on the development of a
portfolio of wound management and oral care products to provide
patients and consumers improved clinical outcomes through
controlled delivery utilizing its innovative Nanoflex Aggregate
technology and OraDisc transmucosal delivery system.

ULURU reported a net loss of $4.45 million in 2016, a net loss of
$2.69 million in 2015, and a net loss of $1.93 million in 2014.


UMATRIN HOLDING: Incurs $34,700 Net Loss in Second Quarter
----------------------------------------------------------
Umatrin Holding Limited filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q for the period ended
June 30, 2017.

For the three months ended June 30, 2017, the Company had $34,727
in net loss as compared to $70,324 in net profit for the three
months ended June 30, 2016, which was an increase in net loss of
$105,051.  

For the six months ended June 30, 2017, the Company had $191,156 in
net loss as compared to $29,723 in net profit for the six months
ended June 30, 2016, which was an increase in net loss of $220,879.


For the three months ended June 30, 2017, the Company generated
$367,695 in revenues, which was a decrease of $246,079, or 40%
compared to $613,774 for the three months ended June 30, 2016.

For the six months ended June 30, 2017, the Company generated
$510,632 in revenues, which was a decrease of $561,836, or 52%
compared to $1,072,468 for the six months ended June 30, 2016.
Revenues have decreased as the operating sector is currently facing
economic slowdown which adversely affects the purchasing power of
the consumer.

As of June 30, 2017, Umatrin had $1.86 million in total assets,
$1.37 million in total liabilities and a total equity of $492,003.
The Company had cash and cash equivalent of $66,443 and $133,269 as
of June 30, 2017, and Dec. 31, 2016, respectively.

The Company's operations have been funded through an equity
financing and a series of debt transactions, primarily with
shareholders, directors, and officers of our company and affiliated
entities.  These related party debt transactions such as sales
purchases of inventory and advances have operated as informal lines
of credit since the inception of our company, and related parties
have extended credit as needed which our company has repaid at its
convenience.

"We anticipate that we will incur operating losses in the
foreseeable future and we believe we will need additional cash to
support our daily operations while we are attempting to execute our
business plan and produce revenues.  If our related parties are
unable or unwilling to provide additional capital, we would likely
require financing from third parties.  There can be no assurance
that any additional financing will be available to us, on terms we
believe to be favorable or at all.  The inability to obtain
additional capital would have a material adverse effect on our
operations and financial condition and could force us to curtail or
discontinue operations entirely and/or file for protection under
bankruptcy laws," the Company stated in the report.

For the six months ended June 30, 2017, the Company used $119,737
in operating activities as compared to generating $1,477 in
operating activities during the six months ended June 30, 2016. The
movement in net cash used in operating activities resulted from the
movement in inventory, prepaid tax, other receivables and deposits,
accounts payable and accrued expenses and other payables.

During the six months ended June 30, 2017, the Company used $1,999
in investing activities as compared to using $72,157 in investing
activities during the six months ended June 30, 2016.  The movement
in net cash used in investing activity resulted from the movement
in purchase of property and equipment as the Company expanded its
operation and advances made to related parties.

During the six months ended June 30, 2017, the Company generated
$56,436 in financing activities as compared to using $78,325 in
financing activities during the six months ended June 30, 2016.

During the six months ended June 30, 2017, the net cash provided by
financing activities resulted from proceeds from common stock
issued and to be issued of $263,144, net repayment to related party
of $198,251 and net repayment to term loan of $8,457.

During the six months ended June 30, 2016, the net cash provided by
financing activities resulted from net repayment to related party
of $56,554 and net repayment to term loan of $21,771.

Major operating costs include salaries and wages, sales commission
and advertising and promotional costs for the six months ended June
30, 2017 and 2016.  Selling, general and administrative costs
decreased from $424,208 for the three months ended June 30, 2016 to
$310,218 for the three months ended June 30, 2017.  Selling,
general and administrative costs decreased from $813,193 for the
six months ended June 30, 2016 to $586,207 for the six months ended
June 30, 2017.

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

                    https://is.gd/KzIXis

                       About Umatrin

Umatrin Holding Limited (formerly known as Golden Opportunities
Corporation) was incorporated in the state of Delaware on Feb. 2,
2005.  The Company was originally incorporated in order to locate
and negotiate with a targeted business entity for the combination
of that target company with the Company.  On Jan. 6, 2016, the
Company acquired 80% of the equity interests of U Matrin Worldwide
SDN BHD in exchange for the issuance of a total of 100,000,000
shares of its common stock to the two holders of Umatrin, Dato' Sri
Eu Hin Chai and Dato' Liew.  Immediately following the Share
Exchange, the business of Umatrin became the business of UMHL.  The
UMHL operation office remained in Malaysia and the business market
will remain focus in Asia.

Umatrin Holding reported a net loss of $227,400 on $1.52 million of
sales for the year ended Dec. 31, 2016, compared with a net loss of
$355,600 on $3.15 million of sales for the year ended
Dec. 31, 2015.

WWC, P.C. issued a "going concern" qualification on the
consolidated financial statements for the year ended Dec. 31, 2016,
citing that the the Company had an accumulated deficit of
$2,427,575 as of Dec. 31, 2016, which included a loss of $227,447
for the years ended Dec. 31, 2016.  The Company faces uncertainty
in the market for its products; accordingly, management has
modified its product portfolio to focus on what its expects to be
profitable products.  The Company also plans to raise additional
capital through the equity financing to fund the expansion of its
current operations and to fund potential acquisitions with future
profit potential.  There are no assurances that the Company will be
able to generate substantial profit from operations, or it will be
able to raise equity financing; accordingly, these factors raise
substantial doubt on the Company's ability to continue as a going
concern.


US RAVE: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------
Debtor: US Rave, Inc.
        1628 Gladewater Drive
        Allen, TX 75013

Type of Business: US Rave, Inc. operates a trucking business
                  in Allen, Texas.  The Company was purchased
                  by Don Malik in August of 2015 from Gursewak
                  Singh Sedey.  US Rave currently has six
                  trucks and two trailers valued at $620,000  
                  in the aggregate.  The Company previously
                  filed a voluntary Chapter 11 case in the
                  U.S. Bankruptcy Court for the Eastern         
                  District of Texas, Sherman Division, on Oct.
                  5, 2016, Case No. 16-41835.

NAICS (North American
Industry Classification
System) 4-digit Code that
Best Describes Debtor: 0000

Chapter 11 Petition Date: September 13, 2017

Case No.: 17-42023

Court: United States Bankruptcy Court
       Eastern District of Texas (Sherman)

Judge: Hon. Brenda T. Rhoades

Debtor's Counsel: Eric A. Liepins, Esq.
                  ERIC A. LIEPINS P.C.
                  12770 Coit Road, Suite 1100
                  Dallas, TX 75251
                  Tel: (972) 991-5591
                  E-mail: eric@ealpc.com

Total Assets: $629,000

Total Liabilities: $1,120,000

The petition was signed by Don Malik, president.

The Debtor's list of 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/txeb17-42023.pdf


UW OSHKOSH FOUNDATION: Seeks to Hire Martin Cowie as CFO
--------------------------------------------------------
University of Wisconsin Oshkosh Foundation, Inc. seeks approval
from the U.S. Bankruptcy Court for the Eastern District of
Wisconsin to hire a chief financial officer.

The Debtor proposes to employ Martin Cowie, a certified public
accountant, to oversee all its financial aspects, including the
receipt of revenue and disbursement of court-approved expenses and
the general supervision of the Debtor.

Mr. Cowie will charge an hourly fee of $165 for his services.  He
has agreed to a fee cap of $75,000.

In a court filing, Mr. Cowie disclosed that he does not hold or
represent any interest adverse to the Debtor's estate.

Mr. Cowie maintains an office at:

     Martin J. Cowie
     5162 Island View Drive
     Oshkosh, WI 54901

                  About University of Wisconsin
                     Oshkosh Foundation Inc.

Established in 1963, the University of Wisconsin Oshkosh Foundation
-- https://www.uwosh.edu/foundation -- was created to promote,
receive, invest and disburse gifts to meet the goals and needs of
the University of Wisconsin Oshkosh.  Its offices are located in
the Alumni Welcome and Conference Center along the Fox River.

UW Oshkosh Foundation is a separate and distinct legal entity from
UW Oshkosh and qualifies as a tax-exempt 501(c)(3) organization
under the United States Internal Revenue Code.  It owns a fee
simple interest in the Alumni Welcome & Conference Center located
at 625 Pearl Avenue, Oshkosh, valued at $11.8 million.  It is also
a fee simple owner of a residence located at 1423 Congress Avenue,
Oshkosh, with a current value of $375,000.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. E.D. Wis. Case No. 17-28077) on Aug. 17, 2017.
Timothy C. Mulloy, chairman of the Board, signed the petition.

At the time of the filing, the Debtor disclosed $14.84 million in
assets and $15.87 million in liabilities.

Judge Susan V. Kelley presides over the case.  Steinhilber Swanson
LLP is the Debtor's legal counsel.


VARNSEN INDUSTRIES: S&P Gives B CCR on Gamut Deal, Outlook Stable
-----------------------------------------------------------------
Varnsen Industries Holdings S.a.r.l., the direct parent of
specialty shop tools and equipment provider JPW Industries Holding
Corp., will be sold to private equity firm Gamut Capital Management
L.P. for approximately $340 million. As part of the leveraged
buyout financing, JPW proposes to arrange a $220 million offering
of seven-year senior secured notes.

Accordingly, S&P Global Ratings assigned its 'B' corporate credit
rating to Varnsen Industries Holdings S.a.r.l., the
Luxembourg-domiciled parent of JPW Industries Holding Corp., a La
Vergne, Tenn.-based provider of specialty shop tools and equipment.
The outlook is stable.

S&P said, "At the same time, we assigned our 'B' issue-level rating
to JPW's proposed $220 million senior secured notes due in 2024.
The recovery rating is '4', indicating our expectation of average
(30%-50%; rounded estimate: 40%) recovery for lenders in the event
of a payment default."

The company intends to use these debt proceeds, along with an
equity contribution from Gamut Capital Management, to purchase JPW
Industries and pay fees and expenses.

S&P said, "Our ratings on Varnsen reflect our view of the company's
small size in the highly competitive and fragmented $7 billion
specialty tools market, high revenue concentration in the U.S.,
relatively narrow product offerings (woodworking and metalworking
tools), significant supplier concentration (top 10), relatively
high debt, and potential for aggressive financial policies stemming
from the company's financial sponsor ownership. In our view, these
constraints are only partly mitigated by the company's long and
established portfolio of brands, asset-light business model, and
relatively attractive EBITDA margins.

"The stable outlook on Varnsen reflects our expectation that
relatively stable demand for the company's products will allow the
company to maintain leverage below 6x and a FFO-to-debt ratio in
the high–single-digit to low-teens percentage range through 2018.
These credit measures are supported by our expectation for slight
revenue growth due to gradual recovery in the industrial sector.

"We could lower our rating on Varnsen if its S&P Global
Ratings-adjusted debt to EBITDA reaches and remains above 6.5x.
This could occur if there is a significant decline in earnings due
to end-market weakness, loss of key customers, supplier issues, or
difficulty in improving its cost structure. We could also lower the
rating if the company pursues debt-financed acquisitions or makes
sponsor-related payments that would push leverage to above 6.5x.

"An upgrade is unlikely within the next 12 months given our
expectation that leverage will remain high and that the company is
owned by a private equity firm. Nevertheless, we could raise our
rating on Varnsen if stronger-than-expected operating performance
leads to improved credit measures, including leverage approaching
4x, and the company demonstrates less aggressive financial policies
that support sustaining this level of leverage."


VIKING CRUISES: S&P Alters Outlook to Positive & Affirms 'B' CCR
----------------------------------------------------------------
S&P Global Ratings revised its outlook on Woodland Hills,
Calif.-based Viking Cruises Ltd. to positive from stable. S&P
affirmed all ratings on the company, including the 'B' corporate
credit rating.

S&P said, "At the same time, we assigned our 'B' issue-level rating
and '4' recovery rating to Viking's proposed $550 million senior
unsecured notes due 2027. The '4' recovery rating indicates our
expectation for average recovery (30% to 50%; rounded estimate:
40%) for lenders in the event of a payment default."

Viking plans to use proceeds from the proposed notes to refinance
its existing $525 million senior unsecured notes due 2022, to pay
the call premium on those notes, and for transaction fees and
expenses.

S&P said, "The outlook revision to positive reflects our
expectation that strength in forward booking trends at Viking will
translate into stronger EBITDA growth than we previously expected
such that adjusted leverage will improve to around 6x by the end of
2018 from the mid-7x area in 2017. (Our measure of leverage is
adjusted for operating leases, charter commitments, and a minority
investment in Viking's parent.)

"We are forecasting strong EBITDA growth of around 30% in 2018 to
support meaningful deleveraging and fully offset our expectation
for a modest increase in debt related to new ship deliveries.
Current visibility from Viking's long booking window increases our
confidence in this forecast and supports the positive outlook.

"Our EBITDA forecast is driven in part by increased capacity in the
company's ocean segment (2018 will benefit from a half year of
operations of the Viking Orion, and a full year of the Viking Sky
and Viking Sun), and a modest increase in capacity in the river
segment since we expect the company will bring vessels back into
service that were previously laid up. We also believe EBITDA growth
will be driven by improved pricing for 2018 sailings, which we
believe reflects more positive consumer sentiment as compared to a
year ago.

"We believe 2017 bookings were hampered by geopolitical events that
occurred beginning in late 2015 that contributed to softness in
demand, particularly in the river segment. The company's recent
booking trends for both the river and ocean segments for sailings
in 2018 have been higher in terms of pricing and occupancy as
compared to the same time last year for 2017 bookings.

"The positive outlook reflects our expectation that strong EBITDA
growth in 2018 will more than offset incremental debt issuance for
ship deliveries, resulting in meaningful improvement in leverage to
around our 6x upgrade threshold by the end of 2018 from the mid-7x
area at the end of 2017. We also expect adjusted EBITDA coverage of
interest to improve to the high-2x area by the end of 2018.

"We could raise the rating once we are confident that Viking will
be able to sustain adjusted debt to EBITDA below 6x. Prior to
raising the rating, we would need to be confident that the company
will be able to sustain current strength in forward bookings, such
that we conclude that the river segment has recovered and that the
company has a deep enough customer base to absorb additional ocean
capacity.

"We could revise the outlook to stable if we no longer believed
Viking would be able to improve leverage below our 6x upgrade
threshold, most likely as a result of slower-than-expected EBITDA
growth or volatility in operating performance caused by an economic
downturn or an adverse event.

"While less likely given our forecasted improvement in credit
measures in 2018, we could lower our corporate credit rating on
Viking if we believe the company would sustain adjusted leverage
over 7.5x, if EBITDA coverage of interest was maintained below 2x,
or if Viking's liquidity position became impaired."


VITAMIN WORLD: Sept. 19 Meeting Set to Form Creditors' Panel
------------------------------------------------------------
Andy Vara, Acting United States Trustee for Region 3, will hold an
organizational meeting on Sept. 19, 2017, at 10:00 a.m. in the
bankruptcy case of Vitamin World, Inc.

The meeting will be held at:

               Sheraton Suites
               422 Delaware Avenue
               Wilmington, DE 19801

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

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

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

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

                           About Vitamin World

Headquartered in Holbrook, New York, Vitamin World is a specialty
retailer in the vitamins, minerals, herbs and supplements market.
The Company offers customers products across all major VMHS and
sports nutrition categories, including, supplements, active
nutrition, multiples, letter vitamins, health and beauty, herbs,
minerals, food and specialty items.  Vitamin World is currently
operating out of four distribution centers located in Holbrook, New
York; Sparks, Nevada; Riverside, California; and Groveport, Ohio.
It is currently operating approximately 334 retail stores that are
mostly located in malls and outlet centers across the United States
and its territories.  Products are also sold online at
http://www.vitaminworld.com/ The Company has 1,478 active
employees.

Vitamin World Inc., VWRE Holdings, Inc. ("RE Holdings") and other
related entities sought Chapter 11 protection (Bankr. D. Del. Lead
Case No. 17-11933) on Sept. 11, 2017.

Katten Muchin Rosenman LLP is the Debtors' bankruptcy counsel. Saul
Ewing Arnstein & Lehr LLP is the co-counsel. Retail Consulting
Services, Inc., is the Debtors' real estate advisors.  RAS
Management Advisors, LLC, is the financial advisor.  JND Corporate
Restructuring is the claims and noticing agent and maintains the
case Web site http://www.jndla.com/cases/vitaminworld

Vitamin World estimated assets of $50 million to $100 million and
debt of $10 million to $50 million.


WALL ST. RECYCLING: May Use Cash Collateral Until Sept. 30
----------------------------------------------------------
The Hon. Alan M. Koschik of the U.S. Bankruptcy Court for the
Northern District of Ohio has entered a final order authorizing
Wall St. Recycling L.L.C. to use cash collateral from Aug. 20,
2017, to Sept. 30, 2017.

The Debtor is authorized to use cash collateral until the
Termination Date solely to pay those expenses that are enumerated
in the budget (or at additional amounts as secured creditor Wexford
Investments, LLC, may in its reasonable discretion agree), but only
to the extent that collected funds are available.  The Initial
Budget extends through Sept. 30, 2017.  

By no later than the 10th day of each month, starting in September
2017, the Debtor will provide Wexford with a proposed Budget for
the calendar month after the expiration of the current Budget.
Following the submission of a proposed Budget, the Debtor and
Wexford will attempt to reach an agreement on the Budget within 10
business days.

Upon reaching an agreement, the Debtor will file with the Court the
agreed Budget which will become the Budget for purposes of the
court order.  In the event that the parties are unable to reach an
agreement as to the proposed Budget for any calendar month, the
parties will seek a hearing on an expedited basis for resolution by
the Court of the Budget prior to the commencement of the next
Budget period.

To adequately protect Wexford for the diminution of its interest in
the prepetition collateral, the Debtor will pay monthly installment
payments owed to Wexford as and when due under the Loan Documents.
Further, and only to the extent of any diminution in Wexford's
interests in the prepetition collateral, Wexford is granted
replacement security interests and liens in and to the following
property of the Debtor and its bankruptcy estate, whether acquired
prior to, on, or subsequent to the Petition Date: the Debtor's real
property located at 6751 Wall Street, Ravenna,
Ohio, accounts, accounts receivable, contract rights, chattel
paper, inventory, general intangibles, machinery, equipment,
furniture and fixtures, including proceeds of the foregoing.

A copy of the court order is available at:

          http://bankrupt.com/misc/ohnb17-51701-63.pdf

As reported by the Troubled Company Reporter on July 26, 2017, the
Debtor sought court authorization to use cash collateral on a
preliminary and interim basis during the period from July 20
through Aug. 19, 2017.

                    About Wall St. Recycling

Wall St. Recycling -- http://wallstreetrecycling.com/-- is a buyer
and seller of ferrous and nonferrous scrap metals including copper,
aluminum, brass, stainless, cast, iron and steel.  Founded in 2000
as a small nonferrous yard located in Ravenna, Ohio, the Debtor has
grown steadily over the years into a full service recycling
company.  Its facility is open to the public with unloading
assistance available if needed.  John Joseph, Robert Murray and
Michael Ambrose each owns 33.33% of the Debtor.

Wall St. Recycling L.L.C., a/k/a Wall Street Recycling LLC, filed a
Chapter 11 petition (Bankr. N.D. Ohio Case No. 17-51701) on July
19, 2017.  Robert Murphy, member, signed the petition.  The Debtor
estimated assets and liabilities ranging between $1 million and $10
million.  The case is assigned to Judge Alan M. Koschik.  Marc B.
Merklin, Esq., Kate M. Bradley, Esq., and Bridget A. Franklin,
Esq., at Brouse McDowell, LPA, serve as the Debtor's bankruptcy
counsel.


WELLMAN DYNAMICS: TCM's $3M Credit Bid to Open Oct. 10 Auction
--------------------------------------------------------------
Judge Anita L. Shodeen of the U.S. Bankruptcy Court for the
Southern District of Iowa authorized Wellman Dynamics Machining &
Assembly, Inc. ("WDMA")'s amended bidding procedures and its
Amended Asset Purchase Agreement with TCTM Financial DS, LLC in
connection with the sale of substantially all its assets for a
credit bid of $3,000,000, plus the assumption of certain
liabilities, subject to overbid.

The salient terms of the Amended Bidding Procedures are:

   a. Stalking Horse Bidder: TCTM

   b. Stalking Horse Bid: (i) the TCTM Credit Bid in an amount of
not less than $3,000,000 and (ii) the assumption of the Assumed
Liabilities

   c. Preliminary Bid Deadline: Oct. 2, 2017 at 5:00 p.m. (CT)

   d. Qualified Bid Deadline: Oct. 6, 2017 at 5:00 p.m. (CT)

   e. Baseline Bid: The highest and best Qualified Bid submitted by
the Preliminary Bid Deadline

   f. Bid Deposit: 10% of the proposed cash purchase price in the
Bid

   g. Purchase Price; Minimum Bid: Each Bid submitted must (i) be a
Bid for the Acquired Assets; (ii) exceed the Stalking Horse Bid by
the Minimum Overbid Amount; (iii) agree to assume and pay any such
Liabilities of Seller as set forth on Schedule 1.4 of the Stalking
Horse APA, including an amount not to exceed a cap of $200,000 in
the aggregate for allowed unsecured claims, excluding deficiency
claims of any secured lenders to WDMA and any PBGC claims ("Trade
Payables"); (iv) agree in its Bid APA to seek treatment for the
Trade Payables in the Sale Order for WDMA as the winning bidder or
Backup Bidder at the Auction; and (v) propose an alternative
transaction that provides substantially similar or better terms
than the Stalking Horse Bid.  If Trade Payables exceed $200,000 in
the aggregate, such allowed unsecured claims will be paid pro rata.
If the value of the Bid relative to the Stalking Horse APA
including additional non-cash components, the Preliminary Bid must
include a detailed analysis of the value of any additional non-cash
component of the APA Bid and back-up documentation to support such
value.

   h. Auction: The Debtor will conduct a live Auction for the sale
of the Debtor's Assets on Oct. 10, 2017 at 9:30 a.m. (CT)

   i. Overbids: $50,000

   j. The sale of the Acquired Assets will be on an "as is, where
is" basis and without representations or warranties of any kind,
nature or description by the Debtor, its agents or the Estate other
than as set forth in the Stalking Horse APA.

   k. Sale Hearing: Oct. 18, 2017

   l. Closing: Oct. 27, 2017

The salient terms of the Amended APA are:

   a. Seller: Wellman Dynamics Machining and Assembly, Inc.

   b. Buyer: TCTM Financial FS, LLC

   c. Acquired Assets: All of the business, assets, properties,
contractual rights, goodwill, going concern value, rights and
claims of the Seller primarily related to the Business, wherever
situated and of whatever kind and nature, real or personal,
tangible or intangible, whether or not reflected on the books and
records of the Seller.

   d. Purchaser Price: The consideration for the sale and transfer
of the Acquired Assets is (i) the TCTM Credit Bid in an amount of
at least $3,000,000 and (ii) the assumption of the Assumed
Liabilities.

   e. Warranties Exclusive:  The sale of the Acquired Assets is "as
is, where is," "with all faults," and without representations or
warranties of any kind, nature or description.

   f. Closing: Two business days following the satisfaction or
waiver in writing of the conditions set forth in Article 7 of the
Stalking Horse APA.

A copy of the Amended Bidding Procedures and Amended APA attached
to the Order is available for free at:

    http://bankrupt.com/misc/Wellman_Dynamics_268_Order.pdf

                   About Fansteel and Affiliates

Headquartered in Creston, Iowa, Fansteel, Inc., operates four
business units at four locations in the USA and one in Mexico with
a workforce of more than 600 employees. Fansteel generated
approximately $87.4 million in revenue in 2015 on a consolidated
basis.  Wellman Dynamics Corporation contributed 67% of Fansteel's
sales.  The rest of the sales are generated from Intercast, a
division of Fansteel, and other non-debtor subsidiaries.

Fansteel, Wellman Dynamics and Wellman Dynamics Machinery &
Assembly, Inc., filed Chapter 11 petitions (Bankr. S.D. Iowa Case
Nos. 16-01823, 16-01825 and 16-01827) on Sept. 13, 2016.  The
petitions were signed by Jim Mahoney, CEO.  The cases are assigned
to Judge Anita L. Shodeen.  The Debtors disclosed total assets of
$32.9 million and total debt of $41.97 million.

The companies tapped Jeffrey D. Goetz, Esq., and Krystal R.
Mikkilineni, Esq., at Bradshaw, Fowler, Proctor & Fairgrave, P.C.,
as counsel; RSM US LLP as tax advisor; Jeffrey Sands and Dorset
Partners, LLC, as business broker; and Mark J. Steger, Esq., at the
Clark Hill Law Firm, as Environmental Counsel.

The companies filed motions to jointly administer the cases
pursuant to Bankruptcy Rule 1015(b), and the court ordered the
joint administration on Oct. 17, 2016.  The court subsequently
entered an order on May 24, 2017, vacating its Oct. 17 order and
discontinuing the joint administration of the cases under the lead
case of Fansteel.

On Sept. 23, 2016, the U.S. Trustee for Region 12 appointed an
official committee of unsecured creditors in Fansteel's bankruptcy
case.  The committee retained Morris Anderson & Associates, Ltd.,
as financial advisor; and Archer & Greiner, P.C. and Nyemaster
Goode, P.C., as counsel.

In March 2017, the U.S. trustee announced that the unsecured
creditors' committee of Fansteel would no longer serve as the
official committee in its case and that it would be reconstituted
as the official committee of unsecured creditors in the Chapter 11
cases of Wellman Dynamics and Wellman Dynamics Machinery.  As of
March 22, 2017, a new creditors' committee has not yet been
appointed in Fansteel's bankruptcy case.

Wellman Dynamics filed a Chapter 11 plan of reorganization and
disclosure statement on Jan. 11, 2017.  On May 8, 2017, the
creditors' committee of Wellman Dynamics filed a rival Chapter 11
plan of liquidation for the company.


WEST TEXAS BULLDOG: Court Issues Final OK on Cash Collateral Use
----------------------------------------------------------------
Judge Tony M. Davis of the U.S. Bankruptcy Court for the Western
District of Texas signed a final agreed order authorizing West
Texas Bulldog Oilfield Services, Inc., to use cash collateral for
general corporate purposes and the costs and expenses associated
with this Case, but only in accordance with the Debtor's cash
forecast for the period ending Oct. 31, 2017.

The approved Budget provides total cash expenditures in the
aggregate sum of $376,546 for the month of August 2017, $277,546
for the month of September 2017 and $274,546 for the month of
October 2017.

The Debtor was liable to Security Bank under the Loan Agreements
and the other Loan Documents in the aggregate principal amount of
not less than $2,281,525, plus any and all other fees, costs, and
expenses. The Debtor acknowledged that Security Bank holds valid,
enforceable, first priority, perfected liens and security interests
in the prepetition collateral and the cash collateral.   

The Debtor has agreed and is directed to pay to Security Bank a
monthly $32,000 adequate protection payment in accordance with the
Budget.

Security Bank is granted with valid and perfected, replacement
security interests in, and liens on, all of the right, title and
interest of the Debtor in, to and under all present and
after-acquired property of the Debtor.

Subject to the Carveout, the adequate protection obligations will
constitute expenses of administration with priority in payment over
any and all administrative expenses of the kinds specified or
ordered pursuant to any provision of the Bankruptcy Code.

Carveout means: (a) the fees of the U.S. Trustee; and (b) the
payment of allowed professional fees and disbursements incurred by
the professionals retained by the Debtor not to exceed $10,000 in
the aggregate per month.

A full-text copy of the Order, dated Aug. 28, 2017, is available at
https://is.gd/WD14tF

Security Bank is represented by:

           Ryan E. Manns, Esq.
           Norton Rose Fulbright US LLP
           2200 Ross Avenue, Suite 3600
           Dallas, Texas 75201
           Fax: (214) 855-8200

            About West Texas Bulldog Oilfield Services

Headquartered in Odessa, Texas, West Texas Bulldog Oilfield
Services, Inc., is an auto body parts supplier.  

The Debtor filed for Chapter 11 bankruptcy protection (Bankr. W.D.
Tex. Case No. 17-70126) on July 17, 2017, estimating its assets at
between $100,000 and $500,000 and liabilities at between $1 million
and $10 million.  The petition was signed by Nicholas Solis,
member.

Judge Tony M. Davis presides over the case.

Jesse Blanco, Jr., Esq., at Jesse Blanco Attorney At Law, serves as
the Debtor's bankruptcy counsel.


WILLIAMS PARTNERS: Moody's Revises Outlook to Pos & Affirms Ba2 CFR
-------------------------------------------------------------------
Moody's Investors Service changed Williams Partners, LP's (WPZ) and
its wholly owned pipeline subsidiaries', Northwest Pipeline
(Northwest) and Transcontinental Gas Pipeline Company (Transco),
rating outlooks to positive from stable. Moody's also changed The
Williams Companies' (Williams) rating outlook to positive from
stable.

Additionally, Moody's affirmed the Baa3 senior unsecured rating and
the Prime-3 short term rating of WPZ and the Baa2 senior unsecured
ratings of Northwest and Transco. Williams' Ba2 Corporate Family
Rating (CFR) was also affirmed. Williams' Speculative Grade
Liquidity (SGL) Rating was upgraded to SGL-2 from SGL-3.

"The change in outlook to positive reflects the culmination of
several steps completed by management this year to strengthen WPZ's
credit profile, lower its business risk and improve its operational
execution and earnings predictability," commented Pete Speer,
Moody's Senior Vice President. "If the partnership can continue its
strong execution on growth projects while maintaining its lower
financial leverage and good distribution coverage, the ratings
could be upgraded in 2018."

Affirmations:

Issuer: Williams Companies, Inc. (The)

-- Probability of Default Rating, Affirmed Ba2-PD

-- Corporate Family Rating, Affirmed Ba2

-- Multiple Seniority Shelf, Affirmed (P)Ba2

-- Senior Unsecured Regular Bond/Debentures, Affirmed Ba2

Issuer: Williams Partners L.P.

-- Multiple Seniority Shelf, Affirmed (P)Baa3

-- Senior Unsecured Commercial Paper, Affirmed P-3

-- Senior Unsecured Regular Bond/Debentures, Affirmed Baa3

Issuer: Williams Partners L.P. (Old)

-- Senior Unsecured Regular Bond/Debentures, Affirmed Baa3

Issuer: Northwest Pipeline GP

-- Senior Unsecured Regular Bond/Debentures, Affirmed Baa2

-- Senior Unsecured Shelf, Affirmed (P)Baa2

Issuer: Transcontinental Gas Pipeline Company, LLC

-- Senior Unsecured Regular Bond/Debentures, Affirmed Baa2

-- Senior Unsecured Shelf, Affirmed (P)Baa2

Upgrades:

Issuer: Williams Companies, Inc. (The)

-- Speculative Grade Liquidity Rating, Upgraded to SGL-2 from
    SGL-3

Outlook Actions:

Issuer: Williams Companies, Inc. (The)

-- Outlook, Changed To Positive From Stable

Issuer: Williams Partners L.P.

-- Outlook, Changed To Positive From Stable

Issuer: Northwest Pipeline GP

-- Outlook, Changed To Positive From Stable

Issuer: Transcontinental Gas Pipeline Company, LLC

-- Outlook, Changed To Positive From Stable

RATINGS RATIONALE

WPZ's positive outlook reflects the partnership's strengthened
financial profile following the sale of its Geismar ethylene plant
and application of proceeds to debt reduction. This transaction
follows a series of steps taken by management this year, including
the beginning of year distribution cut and IDR elimination that
restored sound distribution coverage, all of which demonstrate
management's and the board of directors' commitment to maintaining
stronger credit metrics. Pro forma for the Geismar sale, WPZ's June
30, 2017 Debt/EBITDA was below 4x.

WPZ has also been delivering more consistent financial performance
and capital project execution over the past year. The partnership
has several large capital projects in process and will have higher
growth capital spending in 2018, which will cause a modest increase
in financial leverage in 2018 because the negative free cash flow
will be debt funded. However, with continued solid project
execution this elevation in leverage should be short-lived with
leverage ending 2018 around 4.3x and declining to 4x or lower
thereafter. The positive outlook for WPZ and the entire Williams'
family of companies is further supported by Moody's expectation of
a steady decline in Williams' parent company debt levels through
2019 funded through free cash flow at the parent company.

In order to be upgraded to Baa2, WPZ has to continue to execute on
its large capital projects and sustain its Debt/EBITDA around 4x
and its distribution coverage around 1.2x, while reducing its
business risk by lowering its volume risks and avoiding direct
commodity price risk. Williams' family leverage (Williams
consolidated Debt/EBITDA) declining towards 5x would also be
supportive of an upgrade. A ratings upgrade of WPZ would likely
result in an upgrade of Williams, Transco and Northwest, assuming
that their standalone credit profiles remain relatively constant or
strengthen.

WPZ's ratings could be downgraded if Debt/EBITDA rises above 5x or
if distribution coverage falls below 1x on a sustained basis. The
partnership's ratings could also be negatively affected by a
significant increase in debt levels at Williams. A downgrade of WPZ
is likely to result in a downgrade of Williams, Transco and
Northwest. Williams' ratings could also be downgraded if Williams'
parent company only leverage were to increase and be sustained
above 4x.

WPZ's Baa3 senior unsecured rating and Prime-3 short term rating
are supported by its large and geographically diversified asset
base that is underpinned by the stability of its regulated
interstate pipeline operations and largely fee based gathering and
processing (G&P) assets. The partnership has rising cash flows
coming from organic growth capital projects that are primarily
interstate pipeline related and are supported by contractual
commitments. The rating also incorporates the inherent volume risk
in the G&P business, which remains vulnerable to periods of weak
natural gas and natural gas liquids prices and corresponding
declines in customer drilling activity. WPZ still has some customer
concentration risk with Chesapeake Energy (Chesapeake, Caa1
positive), but that exposure has been reduced.

Williams' Ba2 CFR incorporates its control of WPZ. Williams has
access to much of the cash flows generated by WPZ's asset base of
high quality pipeline and midstream assets because of its large
ownership interest in the limited partner (LP) units of WPZ. The
rating also reflects the structural subordination of Williams'
creditors to the debt at WPZ and that Williams has no meaningful
unencumbered operating assets at the parent company. Williams'
rating is two notches beneath the WPZ Baa3 rating reflecting this
structural subordination, the meaningful amount of third party LP
ownership in WPZ, and its leverage on a parent company only basis.

The senior unsecured ratings of WPZ's wholly owned pipeline
subsidiaries, Transco and Northwest, are Baa2, or one notch above
WPZ's rating, reflecting WPZ's controlling ownership and the
pipelines importance to the partnership's debt service and
distribution capacity. The pipelines' debts are not guaranteed by
WPZ or Williams, and the pipelines do not guarantee any of WPZ's or
Williams' debts. Both pipelines' ratings reflect the regulated
nature of their operations, their supply diversity and growth
potential. The pipelines also benefit from low standalone financial
leverage and strong interest coverage. On a standalone basis, each
pipeline's credit profile could support a higher rating. However,
their ratings have been limited to one notch above WPZ's rating to
reflect the partnership's dependence on their cash flows to support
its own debt service requirements and distributions.

Moody's expects WPZ to maintain good liquidity because of the
availability on its $3.5 billion committed senior unsecured credit
facility that matures February 2020 and the Geismar asset sales
proceeds. At June 30, 2017, WPZ had $1.9 billion of cash and full
availability under its credit facility with good headroom for
future covenant compliance. The large cash balance reflected
Williams' $1.45 billion debt issuance in June 2017 which funded the
July 2017 early redemption of $1.4 billion senior notes due 2023.
With additional proceeds from the Geismar sale in excess of the
term loan repayment in July 2017, the cash balance and available
borrowing capacity provides funding capacity through 2018 for
planned capital expenditures, distributions and any working capital
needs.

Williams SGL-2 rating reflects its good parent company liquidity
based on availability under its $1.5 billion committed revolving
credit facility that matures in February 2020. As of June 30, 2017,
Williams had $955 million of available borrowing capacity under its
credit facility and ample headroom for future covenant compliance.
The company has paid down outstanding borrowings since the
beginning of 2017 from free cash flow, which Moody's expects to
continue. The parent company has no meaningful capital expenditure
requirements and could sell WPZ LP units to raise cash.

The principal methodology used in rating Williams Companies, Inc.
(The), Williams Partners L.P., and Williams Partners L.P. (Old) was
Midstream Energy published in May 2017. The principal methodology
used in rating Northwest Pipeline GP and Transcontinental Gas
Pipeline Company, LLC was Natural Gas Pipelines published in
November 2012.

Williams, is headquartered in Tulsa, Oklahoma and through its
subsidiaries is primarily engaged in the gathering, processing and
interstate transportation of natural gas. Williams owns a
substantial portion of the LP interests in WPZ, a publicly traded
midstream energy MLP. Northwest and Transco are major interstate
natural gas pipelines that are wholly owned subsidiaries of WPZ.
There are no guarantees provided between any of the rated entities.


WJA ASSET: May Use Filing Fee Balance to Pay U.S. Trustee Fees
--------------------------------------------------------------
Judge Scott C. Clarkson of the U.S. Bankruptcy Court for the
Central District of California authorized WJA Asset Management, LLC
and affiliates to use the filing fee balance of $5,151 currently
held in their attorney-client trust account to pay the outstanding
U.S. Trustee quarterly fees for the six Debtors.

The six Debtors and the amounts they owe in U.S. Trustee quarterly
fees for the second quarter of 2017 are:

   a. CA See Jane Go Fund, LLC - $325
   b. Urban Produce Fund, LLC - $325
   c. WJA Express Fund, LLC - $325
   d. CA Real Estate Opportunity Fund I, LLC - $325
   e. WJA Asset Management, LLC - $650
   f. William Jordan Investments, Inc. - $975

TD REO Fund, LLC is authorized to use the $5,151 Fee Balance in
Smiley Wang-Ekvall, LLP's attorney-client trust account to pay the
outstanding $2,925 in U.S. Trustee quarterly fees owed by the six
Debtors as set forth in the Motion with reimbursement to TD REO
from unencumbered cash of the six Debtors for their respective
quarterly fees paid by TD REO if and when the six Debtors have such
available.

TD REO is also authorized to use any remaining Fee Balance in
Smiley Wang-Ekvall's attorney-client trust account to pay future
outstanding U.S. Trustee quarterly fees owed by the Six Debtors
with reimbursement to TD REO from unencumbered cash of the six
Debtors for their respective quarterly fees paid by TD REO if and
when the six Debtors have such available.

                   About WJA Asset Management

Luxury Asset Purchasing International, LLC, et al., are part of a
network of entities or "Funds" formed to offer a range of
investment opportunities to individuals.  Many of the existing
Funds are performing and some Funds had substantial gains.
However, certain Funds, i.e., those invested in private trust deeds
secured by real estate, suffered losses.  

William Jordan Investments, Inc. ("Advisor"), is a registered
investment advisor.  Laguna Hills, California-based WJA Asset
Management, LLC ("Manager"), is the managing member of Luxury, et
al.  William Jordan was the president and sole owner of Advisor and
was the sole member and manager of Manager.  

On May 18, 2017, Luxury and its affiliates filed voluntary
petitions under chapter 11 of the United States Bankruptcy Code.
On May 25, 2017, four other affiliated filed voluntary petitions
under chapter 11.  On June 6, CA Real Estate Opportunity Fund III
filed its chapter 11 petition.  The Debtors' cases are jointly
administered under Bankr. C.D. Cal. Lead Case No. 17-11996, and the
Debtors continue to operate their businesses and manage their
affairs as DIP.

Pursuant to court orders, Howard Grobstein is now serving as the
chief restructuring officer of the Debtors and Mr. Jordan no longer
has any ongoing role in the Debtors' operations.

At the time of the filing, WJA estimated assets of less than
$500,000 and liabilities of $1 million to $10 million.

Judge Scott C. Clarkson presides over the cases.

Lei Lei Wang Ekvall, Esq., Philip E. Strok, Esq., Robert S.
Marticello, Esq., and Michael L. Simon, Esq., at Smiley
Wang-Ekvall, LLP, serve as counsel to the Debtors.


WONDERWORK INC: Exclusive Plan Filing Deadline Moved to Nov. 24
---------------------------------------------------------------
The Hon. Mary Kay Vyskocil of the U.S. Bankruptcy Court for the
Southern District of New York has extended, at the behest of
WonderWork, Inc., the exclusive period to:

     -- file a Chapter 11 plan through Nov. 24, 2017, or 30 days
following the filing of the Examiner's report; and

     -- solicit acceptances of a Chapter 11 plan through and
including Jan. 24, 2017, or 90 days following the filing of the
Examiner's report.

As reported by the Troubled Company Reporter on Aug. 28, 2017, the
Debtor sought the extension to provide ample time to obtain greater
clarity on the main issues in this case -- principally, to allow
the Examiner to complete its investigation, as well as allow BDO to
complete its audit.

                     About Wonderwork, Inc.

Wonderwork, Inc., is a charity that has provided grants to fund
more than 220,000 surgeries in just six years.  The Debtor filed a
Chapter 11 petition (Bankr. S.D.N.Y. Case No. 16-13607) on Dec. 29,
2016, and is represented by Aaron R. Cahn, Esq., at Carter Ledyard
& Milburn LLP, as counsel; and BDO USA, LLP, as auditor and tax
advisor.

The petition was signed by Brian Mullaney, chief executive
officer.

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

Jason R. Lilien has been appointed by the Court as Chapter 11
examiner.  He hired Loeb & Loeb LLP as his counsel.


WRANGLER BUYER: Moody's Assigns B3 CFR; Outlook Stable
------------------------------------------------------
Moody's Investors Service assigned a B3 Corporate Family Rating
(CFR) and B3-PD Probability of Default Rating to Wrangler Buyer
Corp. (Wrangler Buyer or Waste Industries). At the same time,
Moody's assigned a B1 rating to Wrangler Buyer's proposed senior
secured bank credit facility consisting of a $200 million
first-lien senior secured revolving credit facility and an $890
million first-lien senior secured term loan B. Additionally,
Moody's assigned a Caa1 rating to Wrangler Buyer's proposed senior
unsecured notes totaling $305 million. The rating outlook is
stable.

The rating assignments follow Wrangler Buyer's plans to raise
nearly $1.5 billion in new debt, including a holding company
pay-in-kind (PIK) note, to help fund the $1.9 billion leveraged
buyout (LBO) of Waste Industries USA, Inc. (WI USA) by HPS
Investment Partners, LLC, Equity Group Investments and Waste
Industries' management from funds affiliated with Macquarie
Infrastructure Partners.

Wrangler Buyer, as the debt issuer and indirect holding company,
will issue the financial statements with WI USA as the operating
company providing an upstream guarantee. The LBO involves only a
change in ownership and significantly higher debt funding -
operationally there is no change.

Upon close of this transaction, Moody's expects to withdraw the
existing ratings and outlook on Waste Industries USA, Inc.,
including the B1 CFR, the B2-PD Probability of Default Rating, the
B1 rating on the senior secured bank credit facility and the stable
outlook.

Moody's took the following rating actions on Wrangler Buyer Corp.:

- Corporate Family Rating assigned at B3

- Probability of Default Rating assigned at B3-PD

- First-Lien Senior Secured Revolving Credit Facility assigned at

   B1 (LGD2)

- First-Lien Senior Secured Term Loan B assigned at B1 (LGD2)

- Senior unsecured notes assigned at Caa1 (LGD5)

- Rating outlook stable

RATINGS RATIONALE

The B3 CFR reflects the highly levered capital structure (pro forma
debt-to-EBITDA near 8x incorporating Moody's standard adjustments
and a $295 million holding company pay-in-kind (PIK) note; roughly
6.5x excluding the holding company PIK note), modest scale, a
regionally-focused geographic footprint and the expectation for a
more aggressive acquisition-driven growth strategy. Though the
solid waste industry benefits from largely stable and predictable
revenues and earnings due to its essential services nature, its
GDP-like annual growth rate makes de-levering challenging for
stretched balance sheets.

The rating is supported by Waste Industries' top-tier industry
margins (EBITDA margin over 30%), solid free cash flow capability
and EBIT-to-cash interest coverage over 2x. The robust margins
reflect high market share and a dense collection network in select
areas of the Southeastern US with North Carolina, Georgia and South
Carolina expected to continue contributing the bulk of revenues.
Though there is state-level concentration - North Carolina
generates a wide majority of total revenues - this region continues
to experience population and economic growth (i.e. residential and
commercial construction activity) that is outpacing the rest of the
US. Further support to the credit profile is provided by the
favorable operating conditions in the North American solid waste
sector with industry-wide pricing discipline, steady growth in
waste volumes and improving cost controls translating into rising
earnings and cash flow generation.

Waste Industries' liquidity is good despite a historically minimal
cash position as free cash flow is expected to exceed $40 million
over the next twelve months. The proposed $200 million revolving
line of credit set to expire in 2022 is expected to have full
availability at transaction close. However, Moody's anticipates
availability to modestly fluctuate as the facility is used to help
fund occasional tuck-in acquisitions that temporarily exceed free
cash flow generation. The revolving facility is subject to only a
springing maximum first lien net leverage ratio tested when
borrowings exceed a certain level while the term loan does not have
financial maintenance covenants. There are no near-term debt
maturities on the horizon with the nearest scheduled maturity the
proposed term loan B in 2024. However, funding needs for a
potential catch-up payment on the holding company PIK note in five
years could create liquidity pressure and event risk.

The stable outlook reflects Moody's expectation for 3-5% organic
revenue growth through 2018 driven by the continuation of positive
pricing momentum and steady waste volumes, largely in line with the
US solid waste industry. Moody's anticipate margins will remain
commensurate with current levels but that free cash flow will
meaningfully improve over the next 18 months with higher earnings
and a tapering off of capital expenditures. Moody's believes the
majority of free cash flow will be directed towards acquisitions
with the goal of building out the collection-to-disposal network to
improve upon an internalization rate currently in the 50% range.
The stable outlook is further supported by Waste Industries' good
liquidity.

Profitable revenue growth leading to debt-to-EBITDA comfortably
below 6.5x and free cash flow-to-debt in excess of 5% - both
metrics including the holding company PIK note - could lead to
higher ratings. A financial policy supportive of sustained lower
leverage despite an active tuck-in acquisition strategy would also
be important when considering upward rating mobility. The ratings
would face downward pressure if Waste Industries experienced a
marked deterioration in pricing power or volume growth. Similarly,
a material decline in revenue or EBITDA margin or a sustained
weakening of free cash flow or significant erosion in the liquidity
position could adversely affect the ratings.

Waste Industries USA, Inc. is a regional provider of non-hazardous,
solid waste collection, transfer, disposal and recycling services
to commercial, industrial and residential customers. The company's
collection business, concentrated in the Southeastern US,
represents the bulk of the company's revenues with a significantly
lower portion derived from transfer stations and landfills. The
company reported revenues of nearly $640 million for the latest
twelve months ended June 30, 2017.

The principal methodology used in these ratings was Environmental
Services and Waste Management Companies published in June 2014.


WRESTLER TAXI: Wants To Use Banco Popular's Cash Collateral
-----------------------------------------------------------
Wrestler Taxi LLC, et al., seek authorization from the U.S.
Bankruptcy Court for the District of New Jersey to use cash
collateral to preserve its assets so as to maintain and maximize
its value for the benefit of all parties-in-interest.

Banco Popular holds an alleged first priority secured interest in
the collateral.

In the present matter, the Debtors' secured creditor will be
adequately protected during the pendency of the Debtors' bankruptcy
cases.  Each medallion is valued at approximately $200,000.  Each
Debtor owns two medallions, both of which are alleged to be
collateral securing Banco Popular's indebtedness.  There is nothing
to suggest that there will be any diminution in the value of Banco
Popular's collateral during the reorganization process.  The
Medallions, unlike most types of collateral, will not depreciate as
a result of the use thereof.  Finally, Banco Popular is also
protected by the guarantees of the Debtors' principal, Evgeny
Freidman.

On a going-forward basis the Debtors also agree to turning over to
Banco Popular revenues it generates from the leasing of the
Medallions.  The Debtors receive $1,300 per month per medallion in
income.  The Debtors propose to pay $1,300 per medallion per month
to Banco Popular in judgment reduction payments while the case is
pending, provided Banco Popular agrees to the terms of the proposed
order (or at other terms as Banco Popular and the Debtors agree).
If Banco Popular does not agree to the terms of the proposed order,
the Debtors are prepared to demonstrate that Banco Popular is
adequately protected without the judgment reduction payments and
that the Debtors' use of the Medallions will not result in any
diminution in Banco Popular's interest therein.  

Because Banco Popular holds a judgment against the Debtors, it is
also significant to note that the Debtors are no longer obligated
to make payments under the loan documents, as the loan documents
merged into the judgment.  Despite the fact that Banco Popular is
no longer entitled to its normal debt service payments, the Debtors
propose to pay $1,300 per medallion per month to Banco Popular in
judgment reduction payments while the case is pending.

As adequate protection for use of the collateral, Banco Popular
will be entitled to a replacement perfected security interest (i)
only to the extent the use results in a diminution of its interest
in the collateral; (ii) only to the extent such pre-petition liens
are valid; and (iii) with the same priority in the post-petition
collateral and proceeds thereof of the Debtors that Banco Popular
held in the pre-petition collateral.

To the extent that the adequate protection provided through the
order is insufficient to protect Banco Popular's interest in the
cash collateral, Banco Popular will have a super priority
administrative expense claim, pursuant to 11 U.S.C. Section 507(b),
senior to any and all claims against the Debtors under 11 U.S.C.
Section 507(a)(2), whether in this proceeding or in any succeeding
proceeding, subject only to fees of the U.S. Trustee.

On or before the 10th day of each calendar month (commencing in
September 2017), the Debtors will remit to Banco Popular the
Judgment Reduction Payments, which Judgment Reduction Payments will
total in the aggregate, with respect to all of the Debtors,
$65,000 per month.
A denial of the use of that collateral will severely harm the
Debtor at a critical time, effectively hindering its ability to
reorganize.  The Debtors are prepared to discuss with all of its
creditors the development of both a financial and operational
restructuring plan.  The authority to use the Medallions and any
alleged cash collateral (in accordance with the order or as
otherwise permitted by the Court) will enable the Debtors to engage
in those discussions and accomplish their reorganization, while
operating in the ordinary course.

A copy of the Debtors' request is available at:

           http://bankrupt.com/misc/njb17-27436-9.pdf

                     About Wrestler Taxi

Wrestler Taxi LLC, et al., are in the business of owning, and in
most cases, leasing taxicab medallions.  Each Debtors' primary
asset are the two medallions issued by the New York City Taxi and
Limousine Commission.  These Medallions permit the Debtors, and its
lessees and sublessees, to perform taxi services.  The Debtors also
have possession of or access to certain vehicles that are operated
with the permission granted through the Medallions.

Wrestler Taxi LLC (Bankr. D. N.J. Case No. 17-27436) and its
affiliates Antibes Taxi Inc. (Bankr. D. N.J. Case No. 17-27437),
Beaujolais Taxi Inc. (Bankr. D. N.J. Case No. 17-27438), Belvedere
Taxi LLC (Bankr. D. N.J. Case No. 17-27439), Betmar Express Cab
Corp. (Bankr. D. N.J. Case No. 17-27440), Black Label Taxi LLC
(Bankr. D. N.J. Case No. 17-27441), Body Slam Taxi LLC (Bankr. D.
N.J. Case No. 17-27442), Bordeaux Taxi Inc. (Bankr. D. N.J. Case
No. 17-27444), Calvados Taxi LLC (Bankr. D. N.J. Case No.
17-27445), Chamonix Taxi LLC (Bankr. D. N.J. Case No. 17-27446),
Chardonnay Taxi Inc. (Bankr. D. N.J. Case No. 17-27449), Cognac
Taxi LLC (Bankr. D. N.J. Case No. 17-27454), Cuervo Taxi LLC
(Bankr. D. N.J. Case No. 17-27455), Filya Taxi Inc. (Bankr. D. N.J.
Case No. 17-27457), Finlandia Taxi LLC (Bankr. D. N.J. Case No.
17-27458), Frangelico Taxi LLC (Bankr. D. N.J. Case No. 17-27460),
Gaze Service Co. Inc. (Bankr. D. N.J. Case No. 17-27462), Hankuri
Taxi Inc. (Bankr. D. N.J. Case No. 17-27465), Loire Valley Taxi LLC
(Bankr. D. N.J. Case No. 17-27467), Mediterranean Taxi Inc. (Bankr.
D. N.J. Case No. 17-27472), Razor Service Corp. (Bankr. D. N.J.
Case No. 17-27476), Sambuca Taxi LLC (Bankr. D. N.J. Case No.
17-27477), Sardinia Taxi Inc. (Bankr. D. N.J. Case No. 17-27479),
Two Hump Taxi LLC (Bankr. D. N.J. Case No. 17-27481), and XO Taxi
Inc. (Bankr. D. N.J. Case No. 17-27484) filed for Chapter 11
bankruptcy protection on Aug. 29, 2017.  The petitions were signed
by Evgeny A. Freidman, managing member.

Judge Vincent F. Papalia presides over the case.

Joseph J. DiPasquale, Esq., Thomas M. Walsh, Esq., and Robert S.
Roglieri, Esq., at Trenk, DiPasquale, Della Fera & Sodono, P.C.,
serve as the Debtors' bankruptcy counsel.

Cole Schotz, P.C., and Fox Rothschild LLP serve as the Debtors'
special litigation counsel.

Wrestler Taxi and Antibes Taxi each estimated their assets at
between $100,000 and $500,000 and their liabilities at between $1
million and $10 million.


WWLC INVESTMENT: Taps Quilling Selander as Legal Counsel
--------------------------------------------------------
WWLC Investment, L.P. seeks approval from the U.S. Bankruptcy Court
for the Eastern District of Texas to hire legal counsel in
connection with its Chapter 11 case.

The Debtor proposes to employ Quilling, Selander, Lownds, Winslett
& Moser, P.C. to, among other things, give legal advice regarding
its duties under the Bankruptcy Code and assist in the preparation
of a plan of reorganization.

The firm's standard hourly rates range from $275 to $425 for
shareholders, $175 to $275 for associates, and $50 to $105 for
paralegals.

Quilling received a retainer from the Debtor in the sum of $10,000,
plus $1,717 for the filing fee.

John Paul Stanford, Esq., disclosed in a court filing that the firm
and its employees are "disinterested persons" as defined in section
101(14) of the Bankruptcy Code.

The firm can be reached through:

     John Paul Stanford, Esq.
     Quilling, Selander, Lownds,
     Winslett & Moser, P.C.
     2001 Bryan Street, Suite 1800
     Dallas, TX 75201
     Phone: (214) 880-1805
     Fax: (214) 871-2111
     Email: jstanford@qslwm.com

                   About WWLC Investment L.P.

WWLC Investment, L.P. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Tex. Case No. 17-41913) on September
1, 2017.  Wendy Chen, as authorized representative, signed the
petition.

At the time of the filing, the Debtor disclosed that it had
estimated assets and liabilities of less than $50,000.

Judge Brenda T. Rhoades presides over the case.


ZYNEX INC: Posts $1.50 Million Net Income in Second Quarter
-----------------------------------------------------------
Zynex, Inc., filed with the Securities and Exchange Commission its
quarterly report on Form 10-Q disclosing net income of $1.50
million on $5.04 million of total revenue for the three months
ended June 30, 2017, compared to a net loss of $227,000 on $3.28
million of total revenue for the three months ended June 30, 2016.

For the six months ended June 30, 2017, the Company reported net
income of $1.85 million on $8.47 million of total revenue compared
to a net loss of $672,000 on $6.76 million of total revenue for the
six months ended June 30, 2016.

As of June 30, 2017, Zynex had $3.52 million in total assets, $5.17
million in total liabilities and a total stockholders' deficit of
$1.65 million.

During 2013-2015, the Company suffered operating losses which
caused a lack of liquidity and a substantial working capital
deficit.  This raised substantial doubt about the Company's ability
to continue as a going concern.  During 2016, the Company generated
net income during Q3 and Q4 and combined with the profitability in
Q1 and Q2 of 2017, the Company has recorded four consecutive
profitable quarters and paid off its line of credit with Triumph
Healthcare Finance, a division of TBK Bank, SSB, formerly known as
Triumph Community Bank.

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

                    https://is.gd/1fLiSR

                      About Zynex, Inc.

Zynex, Inc. (OTCQB: ZYXI) specializes in the production and sale of
non-invasive medical devices for pain management, stroke
rehabilitation, neuro-diagnostic equipment, cardiac and blood
volume monitoring.  The company maintains its headquarters in Lone
Tree, Colorado.

Zynex Inc reported net income of $69,000 on $13.31 million of net
revenue for the year ended Dec. 31, 2016, following a net loss of
$2.93 million on $11.64 million of net revenue in 2015.

EKS&H LLLP, in Denver, Colorado, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2016, noting that the Company is operating under
forbearance arrangements with respect to its credit agreement and
has been unable to secure adequate alternative financing.  In
addition, the Company has suffered recurring operating losses, has
a net capital deficiency, and its need for additional capital raise
substantial doubt about its ability to continue as a going concern.


[*] Moody's August Global Speculative-Grade Defaults Fell to 2.9%
-----------------------------------------------------------------
Global speculative-grade defaults fell to 2.9% in August, down from
3.1% in July, marking the first time since October 2015 that the
global default rate has fallen under 3%, Moody's Investors Service
says in a new report.

"We expect the rate to continue its downward trajectory," said
Sharon Ou, a Moody's Vice President and Senior Credit Officer.

Moody's anticipates the global default rate to reach 2.3% in August
2018. That would be down from a peak of 4.8% in August 2016 , when
commodity sectors drove the default rate to a seven year high.

"This benign forecast is a function of a relatively low level of
high yield spread and stability in commodity prices," Ou said.

The weakest industries include: media advertising, printing and
publishing, durable consumer goods and retail.

Only two speculative-grade companies defaulted last month: a US
retailer that completed a distressed exchange, and a
Singapore-based semiconductor assembly and test services provider
that failed to make coupon payments at the end of a grade period.

The US speculative-grade default rate fell to 3.4% in August, down
from 3.6% in prior month. The rate in Europe fell to 2.6% from
2.8%.

In the leveraged loan market, only one Moody's-rated issuer
defaulted in August. The US leveraged loan default rate stood at
1.4% for the month, unchanged from July. The high yield bond
default rate fell to 1.6% globally on a dollar volume basis,
compared to 1.8% in July.


[^] BOOK REVIEW: Lost Prophets -- An Insider's History
------------------------------------------------------
Author: Alfred L. Malabre, Jr.
Publisher: Beard Books
Softcover: 256 pages
List Price: $34.95
Review by Henry Berry

Order your personal copy today at http://is.gd/KNTLyr

Alfred Malabre's personal perspective on the U.S. economy over the
past four decades is firmly grounded in his experience and
knowledge.  Economics Editor of The Wall Street Journal from 1969
to 1993 and author of its weekly "Outlook" column, Malabre was in
a singular position to follow the U.S. economy in recent decades,
have access to the major academic and political figures
responsible for economic affairs, and get behind the crucial
economic stories of the day.  He brings to this critical overview
of the economy both a lively, often provocative, commentary on the
picture of the turns of the economy.  To this he adds sharp
analysis and cogent explanation.

In general, Malabre does not put much stock in economists. "In
sum, the profession's record in the half century since Keynes and
White sat down at Bretton Woods [after World War II] provokes
dismay."  Following this sour note, he refers to the belief of a
noted fellow economist that the Nobel Prize in this field should
be discontinued.  In doing so, he also points out that the Nobel
for economics was not one originally endowed by Alfred Nobel, but
was one added at a later date funded by the central bank of Sweden
apparently in an effort to give the profession of economists the
prestige and notice of medicine, science, literature and other
Nobel categories.

Malabre's view of economists is widespread, although rarely
expressed in economic circles.  It derives from the plain fact
that modern economists, even hugely influential ones such as John
Meynard Keynes, are wrong as many times as they are right.  Their
economic theories have proved incomplete or shortsighted, if not
basically wrong-headed.  For example, Malabre thinks of the
leading economist Milton Friedman and his "monetarist colleagues"
as "super salespeople, successfully merchandising.an economic
medicine that promised far more than it could deliver" from about
the 1960s through the Reagan years of the 1980s.  But the author
not only cites how the economy has again and again disproved the
theories and exposed the irrelevance of wrong-headedness of the
policy recommendations of the most influential economists of the
day.  Malabre also lays out abundant economic data and describes
contemporary marketplace and social activities to show how the
economy performs almost independently of the best analyses and
ideas of economists.

Malabre does not engage in his critiques of noted economists and
prevailing economic ideas of recent decades as an end in itself.
What emerges in all of his consistent, clear-eyed, unideological
analysis and commentary is his own broad, seasoned view of
economics-namely, the predominance of the business cycle.  He
compares this with human nature, which is after all the substance
of economics often overlooked by professional and academic
economists with their focus on monetary policy, exchange rates,
inflation, and such.  "The business cycle, like human nature, is
here to stay" is the lesson Malabre aims to impart to readers
interested in understanding the fundamental, abiding nature of
economics.  In Lost Prophets, in language that is accessible and
jargon-free, this author, who has observed, written about, and
explained economics from all angles for several decades,
persuasively makes this point.

In addition to holding a top position at The Wall Street Journal,
Malabre is also the author of the books, Understanding the New
Economy and Beyond Our Means, which received the George S. Eccles
Prize from the Columbia Business School as the best economics book
of 1987.


                            *********

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
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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
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firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Peter A.
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                   *** End of Transmission ***