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         T R O U B L E D   C O M P A N Y   R E P O R T E R

              Thursday, November 23, 2017, Vol. 21, No. 326

                            Headlines

6635 W OQUENDO: Unsecureds to Get 12 Monthly Payments
A & K ENERGY: Exclusive Plan Filing Period Extended Thru Jan. 31
ABILITY NETWORK: Moody's Affirms B3 Corporate Family Rating
ABILITY NETWORK: S&P Lowers CCR to 'B' on Dividend Distribution
ADVANCED SOLIDS: Tanner Services Buying Equipment for $84K

ADVANCED VASCULAR: Case Summary & 11 Largest Unsecured Creditors
ALL SOD NURSERY: U.S. Trustee Unable to Appoint Committee
AMARANTUS BIOSCIENCE: Enters Into Forbearance Agreements
ANDERSON SHUMAKER: Wants Plan Filing Deadline Moved to Dec. 29
ARMSTRONG WORLD: Moody's Revises Outlook to Stable & Affirms B1 CFR

BADLANDS ENERGY: Court OKs Myton's Assets Sale to Wapiti for $400K
BALBOA INTERMEDIATE: S&P Assigns 'B-' CCR, Outlook Stable
BIOSTAR PHARMACEUTICALS: Incurs $125,000 Net Loss in Third Quarter
BLINK CHARGING: Widens Net Loss to $94 Million in Third Quarter
BOEGEL FARMS: Security State Bank Seeks Appointment of Trustee

BON-TON STORES: Moody's Lowers Corporate Family Rating to Caa3
BON-TON STORES: Reports $44.9 Million Net Loss for Third Quarter
BONAVISTA ENERGY: Egan-Jones Hikes FC Unsec. Rating to B-
BRIGHT MOUNTAIN: Incurs $547,000 Net Loss in Third Quarter
CAMBER ENERGY: Incurs $6.2 Million Net Loss in Second Quarter

CANNABIS SCIENCE: Reports $3.5 Million Net Loss for Third Quarter
CARVER BANCORP: Incurs $594,000 Net Loss in Second Quarter
CASA MEDIA: Lazer Licenses Buying Nine Radio Stations for $1.7M
CAVIUM INC: Moody's Reviews Ba3 CFR Amid Marvell Transaction
CIBER INC: Zayo Settlement is Unfair, Committee Asserts

CLAUDIA MANCINI: Sale of Hoboken Property for $595K Approved
CLUB VILLAGE: Needs More Time to Analyze Claims, File Plan
COLONIAL MEDICAL: Case Summary & 20 Largest Unsecured Creditors
COLORADO NATIONAL: U.S. Trustee Forms Five-Member Committee
DIAMONDBACK ENERGY: Egan-Jones Hikes Sr. Unsec. Debt Ratings to BB

DMP PARTERS: Proposes a Private Sale of Mesa Property for $700K
DYNAMIC CONSTRUCTION: Court OKs Premium Finance Pact With IPFS
ECOSPHERE TECHNOLOGIES: Incurs $1.2M Net Loss in Third Quarter
EP ENERGY: Moody's Rates New $1.2BB Secured Notes Caa2
EP ENERGY: S&P Lowers CCR to CC on Distressed Notes Exchange

EXGEN TEXAS: U.S. Trustee Unable to Appoint Committee
FINJAN HOLDINGS: BCPI I Lowers Equity Stake to 13.6%
FIRST BANCORP: Fitch Keeps B- IDR on Negative Watch
FOSSIL GROUP: Egan-Jones Cuts Sr. Unsec. Debt Ratings to B
GABRIELS TOWING: Court OKs Sale of 3 Freightliners for $94,000

GASTAR EXPLORATION: Egan-Jones Hikes LC Unsec. Rating to CC
GAWK INC: Accumulated Losses Raise Going Concern Doubt
GUIDED THERAPEUTICS: Incurs $2.4 Million Net Loss in Third Quarter
GYPSUM MANAGEMENT: S&P Raises CCR to 'BB-' on Reduced Leverage
HOLLYWOOD ONE: Hott Buying Aberdeen Condo Unit 201 for $160K

HOSTESS HOLDCO: Moody's Rates New $994MM 1st Lien Term Loan B1
HUMANIGEN INC: Maturity of $16M Credit Facility Extended to Dec. 1
HUMANIGEN INC: Two Directors Resign From Board
ICTS INTERNATIONAL: Will Hold Its Annual Meeting on Dec. 19
ILD CORP: U.S. Trustee Unable to Appoint Committee

IMH FINANCIAL: Posts $3 Million Net Income in Third Quarter
INDRA HOLDINGS: Moody's Lowers CFR to Caa3; Outlook Negative
JODY KEENER: Trustee Seeks to Sell Cedar Rapids Property for $180K
JOEL LAZARO: Court Approves Appointment of J. Rund as Trustee
KAPPA DEVELOPMENT: Seeks $25,000 in DIP Financing From Blackledge

LEO MOTORS: Reports US$2.9 Million Net Loss in Third Quarter
LEWISTON SHOPPING: Seeks Additional Time to Sell Assets, File Plan
LITE SOLAR: Seeks January 27 Plan Exclusivity Period Extension
MASTEC INC: Egan-Jones Upgrades Sr. Unsecured Ratings to BB+
MEDIMPACT HOLDINGS: Fitch Affirms BB- IDR; Outlook Remains Pos.

NORTH AMERICAN LIFTING: S&P Lowers CCR to 'CCC' on Refinaning Risk
NUVERRA ENVIRONMENTAL: Hires Moss Adams as New Accountants
OCALA PETROLEUM: Case Summary & 2 Largest Unsecured Creditors
ORTHO-CLINICAL DIAGNOSTICS: S&P Alters Outlook to Pos & Affirms CCR
OWENS-ILLINOIS INC: Egan-Jones Cuts Sr. Unsec. Ratings to B+

PAUL J CROWE: Voluntary Chapter 11 Case Summary
PAUL NGUYEN: Gets Court OK to Sell Garden Grove Property for $992K
PAYLESS SHOESOURCE: Outlines Several Key Initiatives
POMEROY GROUP: S&P Cuts CCR to 'B-' on Weak Operating Performance
PORTRAIT INNOVATIONS: Plan Confirmation Hearing Set for December 7

PRECIPIO INC: Reports $10.1 Million Net Loss for Third Quarter
PREMIER SOUTHBRIDGE: Southbridge Plaza Up for Auction Dec. 8
PURADYN FILTER: Incurs $294,000 Net Loss in Third Quarter
QUANTUM CORP: Park West Asset Management Has 5.8% Equity Stake
QUANTUM CORP: Pays in Full $57 Million 2017 Convertible Notes

QUEST RARE: Obtains Fourth Extension to Delay BIA Proposal Filing
REGIS GALERIE: Wants to Enter into Amended Lease With Grand
RESIDENTIAL CAPITAL: Trust Board Declares Cash Distribution
RUBY TUESDAY: Amends UBS Credit Facility to Clarify 'Indebtedness'
SALVADOR CORDERO: $3.2M Sale to Pay All Claims in Full

SAMSON RESOURCES: Williams' Bid for Reconsideration Denied
SERVICE WELDING: Plan Exclusivity Extended Until November 22
SIGEL'S BEVERAGES: Can Sell Richardson Property to Kaiser for $185K
SORENSON COMMUNICATIONS: Moody's Lower 1st Lien Loan Rating to Ba3
SOUTHCROSS ENERGY: EIG BBTS Owns 72% of Units as of Nov. 13

SOUTHCROSS ENERGY: Wallace Henderson Resigns as Director
SOUTHWORTH CO: SBD Greentech Buying Turner Falls Assets for $4M
STEVEN DAVIS: Sale of FW Property to Fierro for $141K Okayed
STOLLINGS TRUCKING: Wants to Sell Equipment to River Machinery
STONE ENERGY: Egan-Jones Cuts LC Commercial Paper Rating to B

STS OPERATING: Moody's Rates New Senior Secured Term Loan B2
STYLES FOR LESS: U.S. Trustee Forms 7-Member Committee
SUNRISE REAL: Maturing Debt Raises Going Concern Doubt
SUNVALLEY SOLAR: Posts $131,262 Net Income in Third Quarter
SYNCHRONOSS TECHNOLOGIES: May Face Delisting on Delayed 10-Qs

TAKATA CORP: Exclusive Plan Filing Period Moved to January 21
TAKATA CORP: Seals $1.59 Billion Sale of Global Assets to KSS
TEC-AIR INC: Dec. 13 Auction of All Assets Set
THINK FINANCE: Proposes Sale of Miscellaneous Assets
TRANS-LUX CORP: Hikes SCM Specialty Credit Facility to $3 Mil.

TRICORBRAUN HOLDINGS: S&P Affirms 'B' CCR, Outlook Still Negative
USG CORP: Moody's Ups CFR to Ba1 & Changes Outlook to Stable
VENOCO LLC: JD Rush Buying Oil County Tubular Goods for $548K
VENOCO LLC: Pacific Gas Buying 253 Acres of Solano Land for $1.5M
VITAMIN WORLD: Bankruptcy Filing is Credit Negative, Moody's Says

WATERMAN STEAMSHIP: Court Denies Bid to Transfer Seaman's Suit
WELLMAN DYNAMICS: Dec. 12 Status Conference on Assets Sale Set
WILLIAMS FINANCIAL: Referral Agreements With NAM & NSC Approved
YU HUA LONG: Dec. 13 Auction Has $18.5M Opening Bid
ZETTA JET USA: New Target Appointed as New Committee Member

[*] David W. Smith Joins Pryor Cashman's Corporate Trust Practice
[*] Freeborn to Represent Unsecured Creditors in Bankruptcy Cases
[*] Sedgwick LLP Halts Operations by Yearend
[*] Weil, Gotshal & Manges Elects 10 New Partners and 9 New Counsel
[^] Recent Small-Dollar & Individual Chapter 11 Filings


                            *********

6635 W OQUENDO: Unsecureds to Get 12 Monthly Payments
-----------------------------------------------------
6635 W Oquendo LLC, filed with the U.S. Bankruptcy Court for the
District of Nevada a disclosure statement dated Nov. 11, 2017,
referring to the Debtor's plan of reorganization dated Nov. 13,
2017.

A hearing on the approval of the Disclosure Statement is scheduled
for Dec. 19, 2017, at 9:30 a.m.  The plan confirmation hearing will
commence at 9:30 a.m. (prevailing Pacific time) on Dec. 19, 2017.
Objections, if any, to the confirmation of the Plan must be filed
by 5:00 p.m. (prevailing Pacific time) on Dec. 6, 2017.

Under the Plan, Class 3 DCI Investments General Unsecured Claim --
estimated between $16,000 and $19,000 -- is impaired by the Plan.
The holder will recover 85%.

Class 3 General Unsecured Claims on the Effective Date will, in
full satisfaction, settlement, release and exchange for the Allowed
General Unsecured Claims, receive 12 monthly payments of the
Debtor's disposable monthly income.  All portions of allowed Class
3 unsecured claims that remain unpaid, and at the conclusion of all
quarterly plan payments required under the Plan, will cease 10
months after the Effective Date and will be forever discharged and
rendered non-collectable against the Debtor.  The Debtor's
Disposable Monthly Income available under the plan is $5,000 per
month.  The Debtor's Plan Payment under the Plan will be $5,000 and
for a period of 12 months.  The Plan does not discharge, render
non-collectible, satisfy, settle, release or exchange any debts
that are non-dischargeable under the U.S. Bankruptcy Code Section
523.

On the Effective Date payments to creditors' in Classes 1 and 3
will be funded from the Debtor's rental income.

Payments to Class 3 creditors required under the Plan will be
funded by the Debtor's Disposable Monthly Income from its rental
property.  The Debtors will make monthly distributions to Class 3
claims, in accordance with the terms of this Plan, during the
entire Plan Term.  Commencing on the first day of the first month
following the Effective Date of the Plan, the Debtors will continue
to make monthly plan payments to the Class 3 General Unsecured
Creditors, until the completion of the Plan Term, which is on or
about 12 months after the effective date.  It is estimated that
this will require the Debtor to pay a maximum combined total of
$16,000 to Class 3 General Unsecured Creditors.

This monthly plan payment is not expected to increase throughout
the plan term.  Furthermore, the Debtor may pay off the total Plan
Payment due to general unsecured creditors of $16,000 at any time
after confirmation minus any plan payments tendered.
Administrative Professional Fee Claims are estimated at $44,000.  

In addition, the Debtor will utilize all funds remaining in the DIP
account post confirmation as a contingency reserve for vacancies,
emergency and general repairs, tenant turnover, advertising and for
foreseeable increases in property taxes and insurance and income
taxes on rental income.

A contingency reserve is a sound and reasonable justification to
hold the above funds back as a major plumbing problem can easily
cost $1,700.  To paint the interior of any property and replace
carpet generally costs $20,000 or more when a tenant vacates.  A
reserve will further ensure that the Debtor will not have to
reorganize because of vacancies and repairs.

The implementation of the Plan will include, among other things,
numerous conveyances, of the Debtors properties to a Nevada Limited
Liability Company or Trust(s) to limit the Debtors' personal
liability, estate planning and overall asset protection.  All
conveyances to any transferee pursuant to the transactions
described in the Plan including, but not limited to, Section 4.1 of
the Plan, will be made, and the assets will vest in the applicable
transferee, free and clear of all liens and claims, except for the
secured lenders claims described in Section 4.1 of the Plan.

After the Effective Date, the transferee will own the assets
conveyed to it and operate its business and manage its affairs free
of any restrictions contained in the U.S. Bankruptcy Code.

A copy of the Disclosure Statement is available at:

           http://bankrupt.com/misc/nvb17-15953-15.pdf

                    About 6635 W Oquendo LLC

6635 W Oquendo LLC, was formed on Aug. 11, 2017, for the purpose of
acquiring a property at a trustee sale.  Its current property
portfolio consists of one property and all improvements thereto
located at 6635 W Oquendo Road, Las Vegas, Nevada 89118.  It has
only operated since the acquisition of this property at foreclosure
sale.  It has limited operating history, however, the operations of
the Debtor are not complex as the only asset is a rental property
that generates gross rental income of $10,000 per month.

The Debtor filed a Chapter 11 bankruptcy petition (Bankr. D. Nev.
Case No. 17-15953) on Nov. 6, 2017.  The Debtor hired Andrew J. Van
Ness, partner of Hunter Parker, LLC, as counsel.


A & K ENERGY: Exclusive Plan Filing Period Extended Thru Jan. 31
----------------------------------------------------------------
Judge Catherine Peek McEwen of the U.S. Bankruptcy Court for the
Middle District of Florida extended the exclusive period by which
only A & K Energy Conservation, Inc. may propose and file its plan
of reorganization and disclosure statement through January 31,
2018, as well as the exclusive period to solicit acceptances of its
plan through April 2, 2018.

The Troubled Company Reporter has previously reported that the
Debtor asked the Court to through and including Jan. 31 the
deadline for the Debtor to file a plan and disclosure statement.

The Debtor operates primarily from its headquarters in Dade City
and has a significant operational presence in Florida.  The Debtor
claimed that its operations were severely limited during the first
two weeks of September because of Hurricane Irma.  The Debtor lost
power for nearly a week.  In addition, certain of the Debtor's
customers put a temporary hold on existing maintenance and
projects.  These two things alone resulted in a significant delay
in billing and collections.

In addition, the Debtor said that it has started to implement the
restructuring plan to include: restructure of senior management
group; headcount reduction; key area cost reduction; renegotiating
customer contracts with price increases; implementing automated
systems in time keeping, billing, expense management and inventory;
merging and consolidating service routes; reducing onboarding time
for new technicians and reducing turnover; implementing
productivity incentive plan and management incentive compensation
program.  Results from the execution of many of these restructuring
steps started to show in August 2017.

For the disruption caused by Hurricane Irma, the Debtor would have
some data regarding the impact of these programs, which could be
used as a baseline and framework for the formulation of a plan.
Due to the hurricane, the Debtor told the Court that it does not
have sufficient history and metrics measurements to formulate a
plan, and needs additional time to appraise the impact of these
programs on the forecast period before proposing a plan.

               About A & K Energy Conservation, Inc.

A&K Energy Conservation, Inc. -- http://www.akenergy.com/-- offers
customized lighting solutions and energy management services,
including energy audits, lighting retrofits, rebate processing, and
more.

A & K Energy Conservation filed a Chapter 11 petition (Bankr. M.D.
Fla. Case No. 17-03318) on April 19, 2017. William Maloney, chief
restructuring officer, signed the petition.  The case is assigned
to Judge Catherine Peek McEwen.  The Debtor is represented by Amy
Denton Harris, Esq., and Mark F Robens, Esq., at Stichter, Riedel,
Blain & Postler, P.A.  The Debtor estimated assets and liabilities
between $1 million and $10 million.

The Debtor hired Bill Maloney of Bill Maloney Consulting, as chief
restructuring officer; and Wells Houser & Schatzel, P.A., as
certified public accountant.


ABILITY NETWORK: Moody's Affirms B3 Corporate Family Rating
-----------------------------------------------------------
Moody's Investors Service affirmed ABILITY Network Inc.'s (ABILITY)
B3 Corporate Family Rating (CFR) and B3-PD Probability of Default
Rating (PDR) following the company's announced plan to pursue a
dividend recapitalization. Concurrently, Moody's assigned B2
ratings to the company's proposed $20 million first-lien revolver
and $375 million first-lien term loan, and a Caa2 rating to its
proposed $150 million second-lien term loan. The ratings outlook is
stable.

In addition to transaction related fees and expenses, proceeds
totaling $525 million from the proposed debt issuance will be used
to fund a $116 million dividend to the company's private equity and
other shareowners, and to refinance existing debt, including a $20
million first-lien revolver that expires in 2019 (no borrowings
outstanding) and a first-lien term loan due 2021 ($285 million
outstanding as of September 30, 2017), as well as a second-lien
term loan due 2022 ($104 million outstanding as of September 30,
2017).

"The dividend recap highlights the comparatively aggressive
financial policies employed by ABILITY Network, with leverage
reverting back to very high levels after only just recently showing
some improvement," according to Prateek Reddy, Moody's lead analyst
for the company. "While this heightens financial risk, especially
for a relatively small-sized company, the ability to generate
positive cash flows from recurring revenue streams at high
profitability rates and comfortably cover related debt service
costs continues to lend support to Moody's maintenance of the
fundamental B3 corporate family rating," added Reddy.

The stable outlook reflects Moody's expectation that the company
will reduce leverage primarily through good earnings growth, and
that it will avoid large debt-funded acquisitions.

Ratings for the existing first-lien revolver and term loan, as well
as the second-lien term loan, remain unchanged but will be
withdrawn in conjunction with their refinancing following closing
of the proposed new debt issuances.

Assignments:

Issuer: ABILITY Network Inc.

-- Senior Secured Bank Credit Facility, Assigned B2 (LGD3)

-- Senior Secured Bank Credit Facility, Assigned Caa2 (LGD5)

Outlook Actions:

Issuer: ABILITY Network Inc.

-- Outlook, Remains Stable

Affirmations:

Issuer: ABILITY Network Inc.

-- Probability of Default Rating, Affirmed B3-PD

-- Corporate Family Rating, Affirmed B3

RATINGS RATIONALE

ABILITY's B3 CFR reflects the company's very small size based on
revenue (less than $150 million) and earnings, and the limited
scope of its primary product offering that connects healthcare
providers and Medicare. The company's very high financial leverage
(Moody's adjusted Debt-to-EBITDA of about 9.5 times estimated for
2017 pro forma for the proposed transaction) and the proclivity to
use free cash flow towards acquisitions in lieu of debt reduction
will constrain the improvement in credit metrics at least through
the end of 2018. The likely continuation of aggressive financial
policies driven by the company's financial sponsor ownership also
constrains the rating. However, the rating benefits from ABILITY's
strong margin profile (Moody's-adjusted EBITDA margins of almost
40%) and cash generating capability (at least 1.5% of debt balances
in 2018), solid interest coverage metrics (EBITDA less
capex-to-interest will improve to about 1.8 times by the end of
2018), and high customer retention rates (low-90% range). Growth
prospects are solid (at least 7%) due to the company's ability to
raise prices without escalating customer churn, as well as
improving penetration of workflow applications among the existing
customer base. Very low customer concentration and a sizable
recurring revenue base support the company's ability to continue
focusing on improving its business profile by expanding workflow
applications among the existing user base of connectivity product
offerings. The company's good liquidity profile as supported by
expectations for positive free cash flow generation, adequate cash
balances and a fully available $20 million revolver (as proposed)
also supports the rating.

The stable outlook reflects Moody's expectation that the company
will reduce leverage by growing earnings both organically and
through acquisitions. However, the outlook does not incorporate
large debt-funded acquisitions or shareholder distributions that
would delay anticipated leverage reduction to less than 8.5 times
by the end of 2018.

The proposed $20 million first-lien revolver and $375 million
first-lien term loan are each rated B2 (LGD3), one notch above the
B3 CFR, reflecting the priority claim of this debt on the company's
assets, its seniority to the second-lien term loan and the debt
cushion provided by the same. The second-lien secured term is rated
Caa2 (LGD5), two notches below the B3 CFR, reflecting the lien
subordination of this debt to the first-lien facilities and a lack
of any material junior debt cushion. The B3-PD Probability of
Default Rating is in line with the CFR, reflecting the
two-class-secured-debt structure, as well as Moody's expectation of
an average family recovery in a distress scenario.

Ratings could be upgraded if Moody's-adjusted EBITDA increases to
at least $100 million ($54 million as of September 30, 2017).
Debt-to-EBITDA sustained below 7 times and free cash flow sustained
above 5% of debt balances would also likely be needed to support a
prospective ratings upgrade.

Ratings could be downgraded if interest coverage ((EBITDA less
capex)-to-interest) sustains below 1.5 times or free cash flow
generation is negative. Slowdown in revenue and earnings growth to
the low-single-digit percentage levels will also prompt
consideration for a prospective ratings downgrade.

Headquartered in Minneapolis, Minnesota, ABILITY is a healthcare
information technology company providing a cloud-based network that
enables secure peer-to-peer connectivity between providers (i.e.
hospitals, skilled nursing facilities, home health vendors, etc.)
and Medicare and other payers. The company also provides software
applications and analytic tools (workflow applications) that assist
healthcare providers in performing revenue cycle management,
simplifying administrative and regulatory compliance, and improving
clinical quality. ABILITY is largely owned by Summit Partners and
Bain Capital Ventures.

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


ABILITY NETWORK: S&P Lowers CCR to 'B' on Dividend Distribution
---------------------------------------------------------------
S&P Global Ratings lowered its corporate credit rating on
Minneapolis–based ABILITY Network Inc. to 'B-' from 'B'. The
outlook is stable.

S&P said, "At the same time, we assigned a 'B-' issue-level rating
to ABILITY'S $20 million revolving credit facility due 2022 and
$375 million first-lien term loan due 2024. The recovery rating is
'3', indicating our expectation for meaningful (50%-70%; rounded
estimate: 65%) recovery of principal in the event of payment
default.

"In addition, we assigned a 'CCC' issue-level rating to ABILITY's
$150 million second-lien term loan due 2025. The recovery rating is
'6', indicating our expectation for negligible (0%-10%; rounded:
0%) recovery of principal in the event of payment default.

"The downgrade reflects the significant increase in ABILITY's
leverage following its distribution to shareholders, as well as our
belief that the company's financial policies under financial
sponsor ownership are likely to be more aggressive than we
previously anticipated and it is less likely to prioritize
deleveraging.

"The stable outlook reflects our expectation that most of ABILITY's
revenue will remain recurring, its customer renewal rates will stay
strong, and its revenue will continue to grow while it maintains
consistent EBITDA margins and positive FOCF."


ADVANCED SOLIDS: Tanner Services Buying Equipment for $84K
----------------------------------------------------------
Advanced Solids Control, LLC, asks the U.S. Bankruptcy Court for
the Western District of Texas to authorize the sale of equipment to
Tanner Services for $84,000.

Objections, if any, must be filed within 21 days from the date of
service.

A copy of the list of equipment to be sold attached to the Motion
is available for free at:

      http://bankrupt.com/misc/Advanced_Solids_217_Sales.pdf

All items proposed to be sold are pledged as collateral to WTF
Rentals, LLC. WTF Rentals, LLC filed its secured Proof of Claim No.
26 in the amount of $3,263,549 on April 10, 2017, with the
appropriate security documents supporting its secured claim
attached to the Proof of Claim.  The amount owing to WTF Rentals
been reduced to the amount of $2,212,574.

The Debtor believes the sales price of $84,000 cash approximates
the market value of the items proposed to be sold.  The sale is "as
is, where is" and free and clear of all liens, claims and
encumbrances.  

The Debtor has been marketing the equipment to a number of parties,
several of whom toured the equipment at the Debtor's yard in New
Mexico.  The Debtor received several low ball offers which it
declined.  An appraisal of the equipment has been performed for WTF
Rentals which supports the proposed sales price set forth.  Much of
the equipment needs repairs/refurbishment to bring it into working
condition.

The proceeds from the sale are to be paid to WTF Rentals as a
partial payment on its secured claim.

                   About Advanced Solids Control

Advanced Solids Control, LLC, is an oilfield service company
specializing in solids control for land-based oil and gas drilling
operations.  

Advanced Solids sought Chapter 11 protection (Bankr. W.D. Tex. Case
No. 16-52748) on Dec. 2, 2016.  W. Lynn Frazier, managing member,
signed the petition.  The Debtor estimated assets of less than
$50,000 and liabilities of less than $1 million.

William R. Davis, Jr., Esq., at Langley & Banack, Inc., serves as
bankruptcy counsel to the Debtor.  Pena and Grillo PLLC serves as
special counsel.


ADVANCED VASCULAR: Case Summary & 11 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: Advanced Vascular Resources of Johnstown, LLC
        1027 Broad Street
        Johnstown, PA 15906

Business Description: Advanced Vascular Resources operates an
                      outpatient vascular-services center in
                      Johnstown, Pennsylvania.

Chapter 11 Petition Date: November 21, 2017

Case No.: 17-70825

Court: United States Bankruptcy Court
       Western District of Pennsylvania (Johnstown)

Judge: Hon. Jeffery A. Deller

Debtor's Counsel: Robert O Lampl, Esq.
                  ROBERT O LAMPL LAW OFFICE
                  Benedum Trees Building
                  223 Fourth Avenue, 4th Floor
                  Pittsburgh, PA 15222
                  Tel: 412-392-0330
                  Fax: 412-392-0335
                  Email: rol@lampllaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Mubashar A. Choudry, president.

A full-text copy of the petition containing, among other items,
a list of the Debtor's 11 largest unsecured creditors is
available for free at http://bankrupt.com/misc/pawb17-70825.pdf


ALL SOD NURSERY: U.S. Trustee Unable to Appoint Committee
---------------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of All Sod Nursery, Inc., as of
Nov. 16, according to a court docket.

                   About All Sod Nursery Inc.

All Sod Nursery, Inc., operates a nursery located in Naples,
Florida, where young, premature plants, shrubs and trees are grown
until maturity and then offered for sale to the public.  In
addition to these products, the Company also sells sod and mulch to
landscaping companies for larger projects.

All Sod Nursery primarily operates out of its 4701 Radio Road
location which acts as a "pick-up" retail location at which the
plants, shrubs, trees, sod and mulch are sold.  It provides
delivery from this location for larger purchases.  In addition to
the Radio Road location, All Sod Nursery also utilizes land located
at 1150 Pheasant Roost Trail, Naples, Florida, where it grows the
plants, shrubs and trees until they are mature and ready for sale.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. M.D. Fla. Case No. 17-07361) on Aug. 21, 2017.  Judge
Caryl E. Delano presides over the case.

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

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


AMARANTUS BIOSCIENCE: Enters Into Forbearance Agreements
--------------------------------------------------------
Amarantus Bioscience Holdings, Inc. (OTCPK: AMBS), a
U.S.-headquartered biotechnology holding company with wholly-owned
subsidiaries developing first-in-class therapeutic products for
symptomatic neurological conditions, life-threatening orphan
dermatologic conditions, and orphan retinal diseases, on Nov. 17
disclosed that the Company has entered into binding agreements
(Binding LOIs) with holders of a controlling majority of its senior
secured convertible debt (Old Debt) and convertible preferred (Old
Preferred) securities to forbear default provisions in those
agreements, cease the conversion into common shares of Old Debt and
Old Preferred and raise up to $500,000 in new funding to prepare
the Company for the restart of operations in 2018.  As part of the
Bindings LOIs, approximately $975,440 in first-priority lien senior
secured debt (Senior Debt) held by a Manhattan-based family office
will be extinguished via the periodic issuance of common shares
throughout the course of the next several months.  Concurrent with
this announcement, the Company's CEO will be presenting an overview
of its pending Phase 2b Eltoprazine program for Parkinson's disease
levodopa-induced dyskinesia (PD-LID) on Saturday November 18th,
2017 at 1:30 p.m. ET during the Neuroscience Session at CNS Summit
2017.

"We believe these agreements give the Company the opportunity to
rebuild its capital base and raise the funds needed to restart
operations," said Gerald E. Commissiong, CEO of Amarantus.

Forbearance and Capital Restructuring

Under the terms of the Binding LOIs, the Company has until close of
business on January 10th, 2018 to complete a Tender Exchange with
the holders of Senior Secured Convertible Debt issued from
September 2015 to April 2016 & the warrants related thereto (Old
Debt), and holders of Series E and Series H Preferred Stock issued
from November 2014 to February 2016 & the warrants related thereto
(Old Preferred).  Tender Exchange terms provide for:

   -- Old Debt and Old Preferred holders' ability to convert into
common shares is fully restricted until at least the time of the
Tender Exchange (January 10th, 2018);

   -- The proposed Tender Exchange consists of the exchange of
convertible securities:

Old Debt into new secured convertible debt securities (New Secured
Debt) at a ratio of $0.80 for every $1 in balance outstanding; and
Old Preferred into new unsecured notes (New Unsecured Debt) at
ratio of $0.75 for every $1 in balance outstanding;

   -- All outstanding warrants issued in connection with the Old
Debt and Old Preferred will be extinguished at the time of the
Tender Exchange;

   -- The Binding LOIs contain certain provisions that restrict the
Company's ability to enter into variable rate transactions (VRTs)
with investors until at least 1 year after the Uplist;

   -- The Binding LOIs contain certain provisions requiring
Amarantus to enter into settlement agreements with a majority of
holders of the Company's outstanding accounts payable in order to
complete the Tender Exchange;

   -- Amarantus must raise a minimum of $1.5M by the time of the
Tender Exchange, inclusive of up to $500,000 in funding disclosed
in this press release.

In the event the Tender Exchange occurs by January 10, 2018, the
New Secured Debt and the New Unsecured Debt that will be
convertible into common shares of the corporation shall be:

   -- Contributed to a Special Purpose Vehicle (AMBS SPV) to
facilitate the orderly liquidation / monitoring of the securities
issued to holders the Old Debt and Old Preferred;

   -- Bear 0% interest and will have an initial maturity date of
nine (9) months from the date of the Tender Exchange, with such
maturity to be extended upon listing of the Company's common stock
onto the NYSE or NASDAQ (Uplist);

   -- The New Secured Debt and New Unsecured Debt will not be
convertible into common shares for the period of time from the
Tender Exchange until the Uplist;
At the time of the Uplist, the security interest provided for in
the New Secured Notes shall be rescinded;

   -- The New Secured Debt and New Unsecured Debt held by the AMBS
SPV will be convertible into common shares according to the
following schedule:

No conversion until 9 months after the Uplist;
After the Uplist, convertible in tranches, delivered quarterly
starting after the 9 month waiting period, at a per share price
equal to 100% of the volume weighted average price of the prior 12
trading days:

   -- Upward conversion price adjustments (capped at 250% of Uplist
Price);
   -- Subject to certain acceleration if stock trades and maintains
a per share price of greater than 150% of the Uplist price).

As part of the agreement, Amarantus has agreed to deliver to the
Old Debt holders the shares of common stock the Company currently
owns in Avant Diagnostics, Inc.  Any proceeds derived from the sale
of the AVDX shares delivered to the Old Debt Holders will be
credited against those balances owed by the Company.  The AVDX
shares to be held by the Old Debt holders will be held via a
Special Purpose Vehicle (AVDX SPV) to facilitate the orderly
liquidation / monitoring of the securities.  Such AVDX SPV will be
structured similarly to the AMBS SPV.

Debt Extinguishment and Capital Injection

Concurrently, the Company entered into definitive agreements to
provide for the extinguishment of approximately $975,440 in Senior
Debt owed to the Company's first-priority senior secured note
holder via the periodic issuance of the Company's common stock over
the next several months in satisfaction of the debt. Additionally,
the Company entered into definitive agreements with a West-Coast
based institutional investor to raise up to $500,000. An initial
$100,000 note as executed at closing. Dominick & Dickerman, LLC
served as placement agent.

                  About Amarantus Bioscience

Amarantus Bioscience Holdings (AMBS) is a biotechnology company
developing treatments and diagnostics for diseases in the areas of
neurology, regenerative medicine and orphan diseases through its
subsidiaries.  AMBS' wholly-owned subsidiary Elto Pharma, Inc. has
development rights to eltoprazine, a Phase 2b-ready small molecule
indicated for Parkinson's disease levodopa-induced dyskinesia,
Alzheimer's aggression and adult ADHD.  AMBS acquired the rights to
the Engineered Skin Substitute program (ESS), a regenerative
medicine-based approach for treating severe burns with
full-thickness autologous skin grown in tissue culture that is
being pursued by AMBS' wholly owned subsidiary Cutanogen
Corporation.  AMBS' wholly-owned subsidiary MANF Therapeutics, Inc.
owns key intellectual property rights and licenses from a number of
prominent universities related to the development of the
therapeutic protein known as mesencephalic astrocyte-derived
neurotrophic factor (MANF).  MANF Therapeutics is developing
MANF-based products as treatments for brain and ophthalmic
disorders.  MANF was discovered by the Company's Chief Scientific
Officer John Commissiong, PhD. Dr. Commissiong discovered MANF from
AMBS' proprietary discovery engine PhenoGuard.  AMBS also owns
approximately 80 million shares of Avant Diagnostics, Inc. via the
sale of its wholly-owned subsidiary Amarantus Diagnostics, Inc.
that occurred in May 2016.


ANDERSON SHUMAKER: Wants Plan Filing Deadline Moved to Dec. 29
--------------------------------------------------------------
Anderson Shumaker Company files with the U.S. Bankruptcy Court for
the Northern District of Illinois a fourth motion, seeking an
extension of the exclusive date to file its plan of reorganization
and disclosure statement through December 29, 2017, as well as the
exclusive date to solicit acceptances of its plan through March 30,
2018.

A hearing will be held on the Debtor's Motion on November 28, 2017
at 10:00 a.m.

On September 7, 2017, the Debtor was authorized to employ Fort
Dearborn Partners as its financial consultant, in order to aid the
Debtor in compiling a plan of reorganization. Given the discrepancy
between the secured claim of Associated Bank and the value of the
Debtor's assets -- which serve as collateral for Associated Bank --
arriving at a consensual plan with Associated Bank and the
unsecured creditors is difficult.

The Debtor further relates that Fort Dearborn Partners has advised
Associated Bank of the likely treatment of Associated Bank's claim
in a proposed plan of reorganization. For the time being, Fort
Dearborn Partners and the Debtor are still awaiting Associated
Bank's response in contemplation of a consensual plan of
reorganization.

The Debtor claims that it has had discussions with both Associated
Bank and the Official Committee of Unsecured Creditors, and the
Debtor believes that both Associated Bank and the Committee support
the requested extension.

Fort Dearborn Partners has implemented cost cutting measures and
price increases. The Debtor tells the Court that the result these
efforts are beginning to be revealed. Moreover, the Debtor also
asserts that it continues to explore the possibility of a sale of
assets or a refinancing of the Associated Bank debt. As such, the
Debtor needs additional time to file its plan of reorganization and
disclosure statement.

                     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.  The Debtor hired Fort Dearborn Partners
Inc. as its financial advisor.

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.


ARMSTRONG WORLD: Moody's Revises Outlook to Stable & Affirms B1 CFR
-------------------------------------------------------------------
Moody's Investors Service changed Armstrong World Industries,
Inc.'s rating outlook to stable from positive following the
company's recent announcement that it is selling its EMEA and
Pacific Rim businesses and operations to Knauf International GmbH
(Knauf) for net cash of approximately $250 million. Most cash
proceeds will be returned to shareholders, rather than repaying
debt. Larger payments to shareholders reflects a more aggressive
financial strategy than Moody's previous expectations.
Additionally, by selling its operations outside North America the
company is further reducing its scale and geographic
diversification. In related rating actions, Moody's affirmed
Armstrong's B1 Corporate Family Rating, its B1-PD Probability of
Default Rating, and B1 ratings assigned to the company's bank
credit facilities. The Speculative Grade Liquidity Rating is
affirmed at SGL-1 as well.

Armstrong recently announced that it is selling its international
businesses, including overseas operations of its WAVE joint
venture, to Knauf for an enterprise value of $330 million, nearly
13x adjusted EBITDA for the combined Armstrong and WAVE businesses.
The agreement includes the businesses and operations of the WAVE
joint venture in EMEA and the Pacific Rim, as well as Armstrong
France and WAVE France. Armstrong will realize approximately $250
million in net cash. Closing is anticipated in mid-2018.

The following ratings/assessments are affected by this action:

* Corporate Family Rating affirmed at B1;

* Probability of Default Rating affirmed at B1-PD;

* Senior Secured Revolving Credit Facility due 2021 affirmed at B1
(LGD3);

* Senior Secured Term Loan A due 2021 affirmed at B1 (LGD3);

* Senior Secured Term Loan B due 2023 affirmed at B1 (LGD3);

* Speculative Grade Liquidity Rating affirmed at SGL-1.

* Outlook, Changed to Stable from Positive

RATINGS RATIONALE

Change in rating outlook to stable from positive reflects a more
aggressive financial policy towards shareholder friendly activities
than previously anticipated. In addition to most of net proceeds
from the asset sale going to shareholders, Armstrong has
authorization to repurchase up to an additional $280 million of its
common stock, further benefiting shareholders. Since inception of
its share repurchase program in July 2016, Armstrong has spent
$119.1 million. Lower levels of revenues and resulting earnings
without debt reduction supports stabilization of ratings as well.

Armstrong's B1 Corporate Family Rating can accommodate ongoing
shareholder friendly activities such as potential dividends and
share repurchases, despite loss of overseas earnings and resulting
cash flows. Pro forma revenues excluding international business
will decline by almost 33% to approximately $875 million for LTM
3Q17 versus $1.3 billion. Adjusted debt-to-EBITDA on pro forma
basis worsens to about 3.1x from 2.8x at September 30, 2017.
Consistent with Moody's standard adjustments, Moody's add an
additional $140 million to balance sheet debt for pension
liabilities and operating lease commitments. Moody's estimates pro
forma EBITA margins actually improving to nearly 30% from 21% for
LTM 3Q17, indicating that Armstrong's overseas operations were low
margin business relative to its North American operations.

Armstrong's ratings benefit from sound fundamentals for US private
non-residential construction, main driver of Armstrong's revenues
and resulting earnings. Moody's performance expectations for
commercial construction considers trends in The Architectural
Billings Index, or ABI, a key indicator of future expectations for
construction projects amongst architects published by the American
Institute of Architects. The ABI Index trended up in October, to
51.7 from 49.1 in September. The index has been above 50 for ten of
the past 12 months, indicating an aggregate increase in billings,
and illustrating that nonresidential construction has upside
potential. Armstrong's financial performance and favorable
operating leverage continue to produce robust profit margins.
Moody's anticipate EBITA margins improving to about 30%, in-line
with current pro forma performance. The domestic operations of WAVE
JV, Worthington Armstrong Venture, remain a critical earnings and
cash flow contributor.

Armstrong's very good liquidity profile characterized by free cash
flow generation and revolver availability is a credit enhancer,
giving it financial flexibility to contend with high levels of
shareholder friendly activities. Armstrong has an extended maturity
profile with nearest maturity in 2019, when its securitization
facility expires, followed by its revolver credit facility and Term
Loan A coming due in 2021. Term loan amortization is $32.5 million
in 2018, but remains very manageable relative to free cash flow
generation.

Nevertheless, Armstrong's credit quality is constrained by its lack
of scale with pro forma revenues about $0.8 billion, geographic and
single-product concentrations, highly competitive markets, which
could create operating and financial pressures, and longer-term
uncertainty related to end market cyclicality. Ongoing share
repurchases reduces cash that otherwise could be used for liquidity
or debt reduction. However, Moody's expect the program tempered
should acquisitions occur or economic conditions deteriorate.
Armstrong may pursue debt-financed acquisitions, boosting earnings
with low costs of capital. ValueAct Group, an activist shareholder,
has a sizeable ownership position and will influence future actions
towards maximizing shareholder returns.

Positive rating actions over intermediate term is unlikely, since
Moody's anticipate more shareholder-friendly activities. Despite
solid credit metrics, Armstrong's business profile characterized by
small revenue base and geographic and single-product concentrations
are significant credit constraints and difficult to overcome.
However, Armstrong's ratings could be upgraded if revenues were to
approach $1.3 billion while maintaining current debt credit
metrics.

A downgrade is not anticipated over the next 12 to 18 months.
However, negative rating pressures will result if Armstrong
performs below Moody's expectations, resulting in the following
credit metrics (ratios include Moody's standard adjustments) and
characteristics:

* Debt-to-EBITDA sustained above 4.5x

* EBITA-to-interest expense remains below 3.5x

* Deterioration in liquidity profile

* Large shareholder distributions

* Large debt-financed acquisitions

The principal methodology used in these ratings was Global
Manufacturing Companies published in June 2017.

Armstrong World Industries, Inc. ("Armstrong"), headquartered in
Lancaster, PA, is a North American manufacturer and distributor of
ceiling systems used in construction and renovation of commercial
and institutional buildings. ValueAct Group is the majority
shareholder of Armstrong, owning about 17% of the company's stock.
Pro forma revenues excluding international operations for the 12
months through September 30, 2017 totaled approximately $870
million.


BADLANDS ENERGY: Court OKs Myton's Assets Sale to Wapiti for $400K
------------------------------------------------------------------
Judge Kimberley H. Tyson of the U.S. Bankruptcy Court for the
District of Colorado has authorized Debtor Myton Oilfield Rentals,
LLC to enter into a real estate sale contract  with Wapiti Utah,
LLC in connection with the sale of field office assets and
substantially all of its assets for $400,000.

The sale is free and clear of all Liens, Claims, and other
interests of any kind or nature whatsoever, with all such Liens,
Claims, or other interests to attach to the cash proceeds.

At the Closing of the sale, the Buyer will deliver the cash
purchase price directly to the Debtor, which will hold such
proceeds pending further Court order that determines and resolves
the nature, extent, and priority of all creditors who assert
secured claims and/or Liens against such proceeds including
Halliburton and Garrison Loan Agency Services, LLC, in its capacity
as administrative agent for the Debtor's prepetition and
postpetition credit facilities.

                      About Badlands Energy

Denver, Colorado-based Badlands Energy, Inc. --
http://badlandsenergy.framezart.com/-- is an E&P company that has
been involved in the Uinta Basin for over a decade.  The Company
also operates in California and has been involved in exploration
projects in Wyoming and Nevada.

Initially operating as a public company known as Gasco Energy,
Inc., the Company underwent a restructuring that was completed in
October 2013.  This resulted in a recapitalization followed by
taking the company private.  The final step in this was a name
change to Badlands Energy, Inc.

Badlands Energy, Inc.,  Badlands Production Co., Badlands
Energy-Utah, LLC, and Myton Oilfield Rentals, LLC sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. D. Colo. Case Nos.
17-17465, 17-17467, 17-17469 and 17-17471) on Aug. 11, 2017.  The
petitions were signed by Richard Langdon, president and CEO.

Badlands Energy estimated assets at $10 million to $50 million and
liabilities at $50 million to $100 million; Badlands Production's
assets at $1 million and $10 million and  liabilities at $10
million to $50 million; Badlands Energy-Utah's assets at $1
million
to $50 million; and Myton Oilfield Rentals' assets at $100,000 to
$500,000 and liabilities at $10 million to $50 million.

The cases are assigned to Judge Kimberley H. Tyson.

The Debtors tapped Lindquist & Vennum LLP as their counsel and
Parkman Whaling LLC as their financial advisor.  R2 Advisors, LLC
is the Debtor's consultant.


BALBOA INTERMEDIATE: S&P Assigns 'B-' CCR, Outlook Stable
---------------------------------------------------------
S&P Global Ratings assigned its 'B-' corporate credit rating to
Palo Alto, Calif.-based Balboa Intermediate Holdings LLC. The
outlook is stable.

S&P said, "At the same time, we affirmed our 'B' issue-level rating
on the company's senior secured term loan and revolving credit
facility, and our 'CCC' issue-level rating on its unsecured notes.
Our '2' recovery rating on the secured instruments is unchanged and
indicates our expectation for substantial recovery (70%-90%;
rounded estimate: 70%) in the event of a payment default. Our '5'
recovery rating on the unsecured notes is unchanged and indicates
our expectation for modest recovery (10%-30%; rounded estimate:
15%) in the event of a payment default."

The rating on TIBCO reflects high S&P Global Ratings-adjusted
leverage of 8.6x as of Aug. 31, 2017, and its fragmented and
competitive operating environment. Partly offsetting these factors
are operating performance that improved over the last five
quarters, unadjusted FOCF that S&P expects to be about $100 million
in 2018, and TIBCO's established position in the information
technology (IT) integration software market.

S&P said, "The stable outlook reflects TIBCO's improved operating
performance that started in the second half of 2016, and our view
that while the capital structure is highly leveraged, the company
will generate about $100 million of unadjusted FOCF in 2018 with
leverage in the 8x area.

"We could raise the rating if the company continues to increase
license and subscription revenue, such that leverage falls below
8x. We would also need to believe that management intends to keep
leverage below this level through acquisitions and shareholder
returns. This would require EBITDA growth of 10% from current
levels, which is possible over the next 12 months.

"We would lower the rating if we come to view TIBCO's capital
structure as unsustainable or its liquidity as less than adequate.
This could occur if software sales decline as a result of a
recession, increased competition from larger players, or
technological shifts that reduce the usefulness of the company's
products, such that the company sustained negative cash flow after
debt service. We think EBITDA would need to decline by 20%-25% for
this to occur, a level at which the company operated in 2015 and
the first half of 2016."


BIOSTAR PHARMACEUTICALS: Incurs $125,000 Net Loss in Third Quarter
------------------------------------------------------------------
Biostar Pharmaceuticals, Inc. filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q reporting a
net loss of $125,186 on $0 of net sales for the three months ended
Sept. 30, 2017, compared to a net loss of $1.56 million on $644,933
of net sales for the three months ended Sept. 30, 2016.

For the nine months ended Sept. 30, 2017, the Company reported a
net loss of $2.45 million on $0 of net sales compared to a net loss
of $9.08 million on $2.06 million of net sales for the nine months
ended Sept. 30, 2016.

As of Sept. 30, 2017, Biostar had $41.42 million in total assets,
$5.27 million in total liabilities, all current and $36.14 million
in total stockholders' equity.

According to Biostar, "There is substantial doubt that the Company
will continue as a going concern.  As of September 30, 2017, we had
cash and cash equivalents of approximately $0.4 million and
negative working capital of approximately $4.3 million.  We had no
production or sales due to preparation of GMP certification
renewals at our Aoxing facility and replacing production equipment
to comply with government's environmental protection requirement at
our Weinan facility, which led to significantly weak results in
generating cash flows during the fiscal year.  While our production
levels of Shaanxi Weinan products helped to offset a substantial
decrease in our sales volume in 2016, due to the temporarily
suspension of production in both Aoxing and Weinan, no revenue has
been generated in current quarter.  We have been working with our
financial lenders to extend the Company's outstanding loans, while
trying to collect as much of the Company's accounts receivable as
possible, while waiting to restore production volumes to regular
levels.  As of this filing, the Company's application of the
renewal of Aoxing Pharmaceutical's GMP certificate has been
preliminarily approved and publicly announced by the local
government in October 2017, subject to the final approval to be
granted before the end of 2017, at which point we anticipate
resuming production and sales. However, we cannot provide any
assurance that we will be able to successfully extend our
outstanding loans, and the Aoxing production will resume as
anticipated and the renewal of GMP certificates will occur when
anticipated, or even if they are renewed, we will be able to return
to the anticipated production levels.  If we are unable to renew
our GMP certificates to allow production resumption as anticipated,
our operations will be materially affected and we might become
insolvent.

"On an on-going basis, we take steps to identify and plan our needs
for liquidity and capital resources, to fund our operations and day
to day business operations.  Our future capital expenditures will
include, among others, expanding product lines, research and
development capabilities, and making acquisitions as deemed
appropriate.

"Based on our current plans for the next 12 months, we anticipate
that the sales of the Company's pharmaceutical products will be the
primary organic source of funds for future operating activities.
However, to fund continued expansion of our operation and extend
our reach to broader markets, and to acquire additional entities,
as we may deem appropriate, we may rely on more bank borrowing, if
available, as well as capital raises.  There is no assurance that
we will find such funding on acceptable terms, if at all."

Net cash provided by operating activities for the nine months ended
Sept. 30, 2017 was approximately $4.6 million.  This was primarily
due to the Company's net loss of approximately $2.5 million,
adjusted by non-cash related expenses including depreciation and
amortization of approximately $0.9 million and non-cash related
positive fair value adjustment on warrants of $0.3 million, then
increased by favorable changes in working capital of approximately
$6.4 million.  The favorable changes in working capital were mainly
due to decrease in accounts receivable as result of collection
efforts offset by decrease in accounts payable and accrued
expenses.

Net cash used in investing activities for the nine months ended
Sept. 30, 2017 was approximately $4.4 million which was used as
deposit for intended acquisition.

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

                       https://is.gd/Kmtfuc

                 About Biostar Pharmaceuticals

Based in Xianyang, China, Biostar Pharmaceuticals, Inc., develops,
manufactures and markets pharmaceutical and health supplement
products for a variety of diseases and conditions in the People's
Republic of China.  Biostar was incorporated in the State of
Maryland on March 27, 2007.  The Company became the indirect
holding company for Aoxing Pharmaceutical, a medical and
pharmaceutical developer, manufacturer and marketer in the PRC on
Nov. 1, 2007.  Visit www.biostarpharmaceuticals.com for more
information.

Biostar incurred a net loss of $5.69 million in 2016 and a net loss
of $25.11 million in 2015.

Mazars CPA Limited, Certified Public Accountants, in Hong Kong,
issued a "going concern" qualification on the consolidated
financial statements for the year ended Dec. 31, 2016, stating that
the Company had experienced a substantial decrease in sales volume
which resulting a net loss for the year ended Dec. 31, 2016.  Also,
part of the Company's buildings and land use rights are subject to
litigation between an independent third party and the Company's
chief executive officer, and the title of these buildings and land
use rights has been seized by the PRC Courts so that the Company
cannot be sold without the Court's permission.  In addition, the
Company already violated its financial covenants included in its
short-term bank loans.  These conditions raise substantial doubt
about the Company's ability to continue as a going concern.


BLINK CHARGING: Widens Net Loss to $94 Million in Third Quarter
---------------------------------------------------------------
Blink Charging Co. filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q reporting a net loss
attributable to common shareholders of $94.44 million on $606,899
of total revenues for the three months ended Sept. 30, 2017,
compared to a net loss attributable to common shareholders of $2.79
million on $748,950 of total revenues for the same period a year
ago.

For the nine months ended Sept. 30, 2017, the Company reported a
net loss attributable to common shareholders of $103.50 million on
$1.73 million of total revenues compared to a net loss attributable
to common shareholders of $10.22 million on $2.45 million of total
revenues for the nine months ended Sept. 30, 2016.

As of Sept. 30, 2017, Blink Charging had $1.90 million in total
assets, $67.79 million in total liabilities, $825,000 in series B
convertible preferred stock, and a total stockholders' deficiency
of $66.71 million.

During the nine months ended Sept. 30, 2017, the Company financed
its activities from proceeds derived from debt and equity
financing.  A significant portion of the funds raised from the sale
of capital stock have been used to cover working capital needs and
personnel, office expenses and various consulting and professional
fees.

For the nine months ended Sept. 30, 2017 and 2016, the Company used
cash of $2,020,021 and $1,913,463, respectively, in operations.
Its cash use for the nine months ended Sept. 30, 2017 was primarily
attributable to its net loss of $101,134,331, adjusted for net
non-cash expenses in the aggregate amount of $84,498,217, partially
offset by $14,616,093 of net cash provided by changes in the levels
of operating assets and liabilities.  The Company's cash used in
operating activities for the nine months ended Sept. 30, 2016 was
primarily attributable to its net loss of $9,154,924, adjusted for
non-cash expenses in the aggregate amount of $5,383,069, partially
offset by $1,858,392 of net cash provided by changes in the levels
of operating assets and liabilities.

During the nine months ended Sept. 30, 2017, cash used in investing
activities was $12,681, which was used to purchase charger cables.
Net cash used in investing activities was $80,463 during the nine
months ended Sept. 30, 2016, which was used to purchase charging
stations and other fixed assets.

Net cash provided by financing activities for the nine months ended
Sept. 30, 2017 was $2,035,866, of which, $2,067,745 was provided in
connection with the issuance of various forms of notes payable and
$84,144 provided from bank overdrafts, partially offset by the
payment of $38,263 of associated with future offering costs and
$72,945 of debt issuance costs as well as the repayment of notes
payable of $4,815.  Cash provided by financing activities for the
nine months ended Sept. 30, 2016 was $1,813,827, of which,
$1,314,620 of net proceeds (gross proceeds of $1,367,120 less
issuance costs of $52,500) were from the sale of Series C
Convertible Preferred Stock and warrants, $600,000 was provided in
connection with proceeds from the issuance of convertible notes to
a related party, partially offset by the repayment of notes payable
of $135,428.

According to Blink Charging, "We expect that through the next 12
months from the date of this filing, we will require external
funding to sustain operations and to follow through on the
execution of our business plan.  There can be no assurance that our
plans will materialize and/or that we will be successful in our
efforts to obtain the funding to cover working capital shortfalls.
Given these conditions, there is substantial doubt about our
ability to continue as a going concern and our future is contingent
upon our ability to secure the levels of debt or equity capital we
need to meet our cash requirements. In addition, our ability to
continue as a going concern must be considered in light of the
problems, expenses and complications frequently encountered by
entrants into established markets, the competitive environment in
which we operate and the current capital raising environment.

"Since inception, our operations have primarily been funded through
proceeds from equity and debt financings.  Although management
believes that we have access to capital resources, there are
currently no commitments in place for new financing at this time,
except as described above under the heading Recent Developments,
and there is no assurance that we will be able to obtain funds on
commercially acceptable terms, if at all.

"We intend to raise additional funds during the next twelve months.
The additional capital raised would be used to fund our
operations.  The current level of cash and operating margins is
insufficient to cover our existing fixed and variable obligations,
so increased revenue performance and the addition of capital
through issuances of securities are critical to our success. Should
we not be able to raise additional debt or equity capital through a
private placement or some other financing source, we would take one
or more of the following actions to conserve cash: further
reductions in employee headcount, reduction in base salaries to
senior executives and employees, and other cost reduction measures.
Assuming that we are successful in our growth plans and
development efforts, we believe that we will be able to raise
additional debt or equity capital.  There is no guarantee that we
will be able to raise such additional funds on acceptable terms, if
at all."

Through Sept. 30, 2017, the Company incurred an accumulated deficit
since inception of $182,206,113.  As of Sept. 30, 2017, the Company
had a cash balance and working capital deficit of $9,062 and
$67,198,792, respectively.  

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

                       https://is.gd/b2mahA

                      About Blink Charging Co.

Blink Charging Co. (OTC: CCGID), formerly known as Car Charging
Group, Inc., is a national manufacturer of public electric vehicle
(EV) charging equipment, enabling EV drivers to easily charge at
locations throughout the United States.  Headquartered in Florida
with offices in Arizona and California, Blink Charging's business
is designed to accelerate EV adoption.  Blink Charging offers EV
charging equipment and connectivity to the Blink Network, a
cloud-based software that operates, manages, and tracks the Blink
EV charging stations and all the associated data.  Blink Charging
also has strategic property partners across multiple business
sectors including multifamily residential and commercial
properties, airports, colleges, municipalities, parking garages,
shopping malls, retail parking, schools, and workplaces.

The Company's name change to Blink Charging from Car Charging
Group, Inc., integrates the Company's largest operating entity,
Blink Network, and represents the thousands of Blink EV charging
stations that the Company owns and/or operates, and the Blink
network, the software that manages, monitors, and tracks the Blink
EV stations and all its charging data.

Car Charging reported a net loss attributable to common
shareholders of $9.16 million on $3.32 million of total revenues
for the year ended Dec. 31, 2016, compared with a net loss
attributable to common shareholders of $9.58 million on $3.95
million of total revenue for the year ended Dec. 31, 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 incurred net losses since
inception and needs to raise additional funds to meet its
obligations and sustain its operations.  These conditions raise
substantial doubt about the Company's ability to continue as a
going concern.


BOEGEL FARMS: Security State Bank Seeks Appointment of Trustee
--------------------------------------------------------------
Secured Creditor Security State Bank asks the U.S. Bankruptcy Court
for the District of Kansas for an order directing the appointment
of a trustee in the chapter 11 bankruptcy cases of Boegel Farms,
LLC, and its affiliated debtors.

Security State Bank asserts that the Debtors have failed to comply
with the Court's Order. The Debtors have failed to include any
balance sheet detail in their monthly operating reports. The
Debtors have also failed to file their monthly operating report for
September and October of 2017.

In addition, the debtor Warren L. Boegel advised in an August 24,
2017 meeting, at the Hinkle Law office in Wichita, that he had over
30,000 bushels of wheat in on farm storage. A bin count immediately
thereafter confirmed the figure was in the 10,000 bushel range.
Moreover, Warren Boegel advised Security State Bank that some
unknown amount of its cash collateral belongs to his boys for the
first time in October of 2017.

Consequently, Security State Bank asserts that cause exists for the
Court to appoint a trustee considering that these actions of the
Debtors constitute a breach of fiduciary duty to the bankruptcy
estate and to Security State Bank. Additionally, Security State
Bank contends that the appointment of a trustee is in the interests
of the creditors.

Attorneys for Security State Bank:

   Bruce J. Woner, Esq.
   WONER, REEDER & GIRARD, P.A.
   534 S. Kansas, Suite 330
   Topeka, Kansas 66603
   Phone: (785) 235-5330
   Fax: (785) 235-1615

              About Boegel Farms, LLC

Boegel Farms, LLC, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Kan. Case No. 17-10222) on Feb. 23,
2017, estimating its assets and debt at $10 million to $50 million.
The case is jointly administered with the bankruptcy cases of Three
Bo's, Inc. (Bankr. D. Kan. Case No. 17-10221) and Warren L. Boegel
and the Warren L. Boegel Trust UTA 2-07-07, Warren L. Boegel,
Trustee (Bankr. D. Kan. Case No. 17-10224).

The petitions were signed by Jack Boegel, president. The cases are
assigned to Judge Robert E. Nugent.

The Debtors tapped David Prelle Eron, Esq. at Eron Law, P.A., as
counsel. It engaged Roger Schulz and Cathleen Mueller of Schulz and
Leonard, P.C., as its accountant.

No trustee has been appointed in the Debtors' cases.


BON-TON STORES: Moody's Lowers Corporate Family Rating to Caa3
--------------------------------------------------------------
Moody's Investors Service downgraded The Bon-Ton Stores Inc.,'s
Corporate Family Rating to Caa3 from Caa1. The company's
Speculative Grade Liquidity rating was downgraded to SGL-4 from
SGL-2. The rating outlook is negative. Actions on rated debt
instruments are detailed below.

The downgrade reflects the high likelihood of a distressed exchange
to reduce its debt obligations and improve the company's long term
liquidity profile. The company has hired operational and financial
advisors as negative pressure continues on Bon-Ton's revenue and
EBITDA margins. For the LTM period ending October 28, 2017,
adjusted EBITDA (as defined by the company) is approximately $90
million, down from $116 million in Bon-Ton's most recent fiscal
year. "While Bon-Ton is making ongoing adjustments in to its store
fleet size, merchandising, and its omnichannel capabilities, the
company must address its leverage to enact its initiatives
effectively", says Vice President Christina Boni.

Downgrades:

Issuer: Bon-Ton Stores Inc., (The)

-- Probability of Default Rating, Downgraded to Caa3-PD from
    Caa1-PD

-- Speculative Grade Liquidity Rating, Downgraded to SGL-4 from
    SGL-2

-- Corporate Family Rating, Downgraded to Caa3 from Caa1

-- Senior Secured Regular Bond/Debenture, Downgraded to Ca(LGD5)
    from Caa2(LGD4)

Outlook Actions:

Issuer: Bon-Ton Stores Inc., (The)

-- Outlook, Changed To Negative From Stable

RATINGS RATIONALE

Bon-Ton's Caa3 rating reflects the company's significant leverage
with unadjusted debt/EBITDA expected to exceed 10.9 times by the
end of Bon-Ton's current fiscal year and that EBITDA less capital
expenditures is expected to be insufficient to cover interest
costs. The October 2017 amendment to its credit facility and third
quarter sale leaseback proceeds of $18.9 million enhanced its
liquidity during peak borrowing periods. Although its nearest debt
maturity is March 2021, Moody's believes a more permanent financing
solution will be required to meet its peak funding needs in 2018
given its most recent bank amendment. Given debt levels are at
unsustainable levels, Moody's see an elevated probability of the
company's pursuing a transaction that would reduce its debt and
improve the company's flexibility to compete. The ratings also
reflect the company's modest scale in the US Department Store
sector, regional concentrations, and its relatively small but
growing online penetration.

The negative rating outlook reflects Moody's view that business
will continue to be challenged as the company rationalizes its
store base. Although the company is expected enhance its cash flow
through the liquidation associated with its store closures a more
comprehensive refinancing will be required in 2018 to meet peak
funding needs.

Ratings are unlikely to be upgraded given the negative outlook.
Ratings could be upgraded if operating performance improves
significantly and the company returns to an adequate liquidity
profile.

Ratings could be downgraded if the company's liquidity position
were to further erode, the company's probability of default
increases, or a distressed exchange is pursued.

The Bon-Ton Stores Inc., with corporate headquarters in York,
Pennsylvania and Milwaukee, Wisconsin, operates 260 stores, which
includes nine furniture galleries and four clearance centers, in 24
states in the Northeast, Midwest and upper Great Plains under the
Bon-Ton, Bergner's, Boston Store, Carson's, Elder-Beerman,
Herberger's and Younkers nameplates. Revenues are approximately
$2.5 billion.

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


BON-TON STORES: Reports $44.9 Million Net Loss for Third Quarter
----------------------------------------------------------------
The Bon-Ton Stores, Inc., reported operating results for its fiscal
third quarter ended Oct. 28, 2017, and updated its earnings
guidance for the full year fiscal 2017.  

Results for the Third Quarter Ended October 28, 2017

   * Comparable store sales decreased 6.6% as compared with the
     prior year period.
      
   * Selling, general and administrative expense decreased $11.2
     million, or 5.2%, as compared with the third quarter of
     fiscal 2016.  
      
   * Net loss in the current year third quarter was $44.9 million,
     or $2.19 per share, compared with net loss of $31.6 million,
     or $1.58 per share, in the third quarter of fiscal 2016.
      
   * Adjusted EBITDA was negative $5.2 million in the third
     quarter of fiscal 2017.  Adjusted EBITDA in the third quarter
     of fiscal 2016 was $10.6 million.

William Tracy, president and chief executive officer, commented,
"While results in the third quarter fell short of our expectations,
we are taking more aggressive actions to fuel improved performance
as well as strengthen our financial position. We are executing with
a sense of urgency as we work to enhance our merchandise
assortment, drive growth in  omnichannel, and implement a more
focused marketing strategy to improve traffic and customer
engagement.  We are also focused on cost reductions through the
continued rollout of our profit improvement initiatives.  In
addition, we expect to implement a significant store
rationalization program and plan to close at least 40 locations
through 2018.  This will enable us with moving forward with a more
productive store footprint and redirecting capital expenditures
toward investments designed to drive sales growth.  We are working
with our advisors to proactively engage with our debt holders to
establish a sustainable capital structure to support the business.
We believe that the actions we are taking position us to drive
improved and consistent financial performance over the long term.
With our new merchandising initiatives in place and more seasonable
November weather, we are already seeing a positive comparable store
sales trend and believe we are well-positioned for a successful
holiday season."

Third Quarter Review

Comparable store sales in the third quarter of fiscal 2017
decreased 6.6%, reflecting in part the impact of unseasonably warm
weather.  Total sales in the period decreased 7.6% to $545.3
million, compared with $589.9 million in the third quarter of
fiscal 2016.  

The Company continued its double-digit sales growth in omnichannel,
which reflects sales via the Company's website, mobile site, and
its Let Us Find It customer service program.  This was driven by
increased demand and conversion on both the Company's eCommerce and
mobile platforms during the quarter as the Company leveraged its
West Jefferson facility and store-fulfillment network.

Other income in the third quarter of fiscal 2017 was $17.1 million,
a decrease of $0.2 million over the comparable prior year period.
The decrease was primarily due to lower revenues associated with
the Company's proprietary credit card operations.  Proprietary
credit card sales, as a percentage of total sales, increased
approximately 90 basis points to 57.9% in the third quarter of
fiscal 2017.

The gross margin rate in the third quarter of fiscal 2017 was 33.1%
of net sales, a decrease of approximately 200 basis points as
compared with the third quarter of fiscal 2016 due to an increase
in the markdown rate driven by a shift in merchandise mix.  Gross
profit decreased $26.8 million to $180.3 million in the third
quarter of fiscal 2017, primarily as a result of decreased sales
volume.

SG&A expense in the third quarter of fiscal 2017 was $202.6
million, a decrease of $11.2 million, or 5.2%, as compared with the
third quarter of fiscal 2016.  This was largely due to savings
associated with stores closed within the prior year and reductions
in medical insurance, payroll, and store occupancy costs.  The SG&A
expense rate in the third quarter of 2017 was 37.2% of net sales,
an increase of approximately 90 basis points from the prior year as
a result of lower sales volume.

Adjusted EBITDA was negative $5.2 million in the third quarter of
fiscal 2017, inclusive of $2.7 million of professional fees.  In
the third quarter of fiscal 2016, Adjusted EBITDA was $10.6
million, inclusive of $2.1 million of consulting fees and severance
costs related to cost reduction initiatives.  

The Company's excess borrowing capacity under its revolving credit
facility was approximately $162 million at the end of the third
quarter of fiscal 2017 and $184 million as of Nov. 14, 2017.  As of
Oct. 28, 2017, our ABL credit facility has been classified as
current debt, but currently matures on March 15, 2021.

Guidance

As a result of financial performance in the third quarter the
Company now expects fiscal 2017 loss per share to be in a range of
$2.86 to $3.35, inclusive of a $0.05 per share expense from the
53rd week, and Adjusted EBITDA to be in a range of $100 million to
$110 million.

Updated assumptions reflected in the Company’s full-year guidance
include the following:

   * A comparable sales decrease now ranging from 4.5% to 5.5%,
     which excludes sales from the 53rd week;  

   * A gross margin rate decrease now ranging from 50 to 65 basis
     points below the fiscal 2016 rate of 35.5%;

   * SG&A expense now ranging from $836 million to $840 million,
     including approximately $10 million for the 53rd week,
     compared with SG&A expense of $880.6 million in fiscal 2016;

   * Capital expenditures not to exceed $30 million, net of
     external contributions; and

   * An estimated 20.3 million weighted average shares   
     outstanding.

Advisors

As previously announced, the Company has retained AlixPartners LLP
and PJT Partners Inc. to provide operational and financial advisory
services.

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

                      https://is.gd/Vq7rZF

                    About The Bon-Ton Stores

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

Bon-Ton Stores reported a net loss of $63.41 million for the year
ended Jan. 28, 2017, a net loss of $57.05 million for the fiscal
year ended Jan. 30, 2016, and a net loss of $6.97 million for the
year ended Jan. 31, 2015.  As of Oct. 28, 2017, Bon-Ton Stores had
$1.58 billion in total assets, $1.74 billion in total liabilities
and a total shareholders' deficit of $155.96 million.

                          *     *     *

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

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


BONAVISTA ENERGY: Egan-Jones Hikes FC Unsec. Rating to B-
---------------------------------------------------------
Egan-Jones Ratings Company, on Sept. 6, 2017, upgraded the foreign
currency senior unsecured rating on debt issued by Bonavista Energy
Corp. to B- from CCC-.  EJR also raised the foreign currency rating
on commercial paper issued by the Company to B from C.

Headquartered in Calgary, Canada, Bonavista Energy Corporation
engages in the acquisition, exploration, development, and
production of oil and natural gasproperties and assets in Western
Canada.


BRIGHT MOUNTAIN: Incurs $547,000 Net Loss in Third Quarter
----------------------------------------------------------
Bright Mountain Media, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q reporting a net loss
of $546,801 on $720,625 of total revenues for the three months
ended Sept. 30, 2017, compared to a net loss of $808,401 on
$405,737 of total revenues for the three months ended Sept. 30,
2016.

For the nine months ended Sept. 30, 2017, the Company reported a
net loss of $2.10 million on $2.04 million of total revenues
compared to a net loss of $1.98 million on $1.28 million of total
revenues for the same period during the prior year.

As of Sept. 30, 2017, Bright Mountain had $3.58 million in total
assets, $2.69 million in total liabilities and $882,370 in total
shareholders' equity.

As of Sept. 30, 2017 the Company had a balance of cash and cash
equivalents of $123,292 and working capital of $148,963 as compared
to cash and cash equivalents of $162,795 and working capital of
$355,344 at Dec. 31, 2016.  The Company's current assets decreased
11% at Sept. 30, 2017 from Dec. 31, 2016 which reflects the
decrease in cash, accounts receivable, prepaid expenses and
inventories.  Its current liabilities increased 26.7% at Sept. 30,
2017 from Dec. 31, 2016 which primarily reflects a decrease in
accounts payable and premium finance loan payable, offset by
increases in accrued interest, including to a related party, and
notes payable.

According to Bright Mountain, "We do not have any external sources
of liquidity and are dependent upon loans from our Chief Executive
Officer... In addition to the amounts owed Mr. Speyer, in November
2016 we borrowed $500,000 from an unrelated third party under a
promissory note which matures in November 2017.  On September 30,
2017, the note was amended, extending the maturity to December 31,
2017 and reducing the interest rate at 10.0%.  Presently, we do not
have sufficient funds to satisfy this unsecured obligation when it
becomes due.

"Our operations do not provide sufficient cash to pay our cash
operating expenses.  If we are unable to increase our revenues to a
level which provides sufficient funds to pay our operating expenses
without relying upon loans from a related party, as well as to pay
our obligations as they become due, our ability to continue to
leverage our resources and implement our plans for continued growth
are in jeopardy.  During 2017 and 2016 our average monthly negative
cash flow was approximately $150,000.  As we continue our efforts
to grow our business we expect that our monthly cash operating
overhead will continue to increase as we add personnel, although at
a lesser rate, and we are not able at this time to quantify the
amount of this expected increase."

Net cash flows used in operating activities totaled $1,372,589 and
$1,394,127 for the nine month periods ending Sept. 30, 2017 and
2016, respectively.  During the six months ended Sept. 30, 2017,
the Company used cash primarily to fund its net loss of $2,103,981
for the period as well as increases in accrued interest, including
to a related party.  Cash used during the nine months ended  Sept.
30, 2016 was primarily attributable to operational losses during
the period.

Net cash flows used in investing activities totaled $213,878 and
$177,961 for the first nine months of 2017 and 2016, respectively.
Cash used included the purchase of fixed assets in 2017 of $14,305
and cash used in the acquisition of Daily Engage Media of $199,573
and in 2016, $142,925 attributable to the purchase of two websites
and $35,036 attributable to the purchase of fixed assets.

Net cash flows provided from financing activities totaled
$1,546,964 and $1,258,242 during the nine month periods ending
September 30, 2017 and 2016, respectively. During the first nine
months of 2017, the Company received $1,460,000 under a series of
6%, 10%, and 12% 5-year convertible notes issued to our Chief
Executive Officer.  This figure was reduced by the repayments of
$53,643 in insurance premium financing notes.  During the first
nine months of 2016, the Company sold $500,000 in debt and issued
$300,000 in 12%, 5-year convertible notes issued to the Company's
chief executive officer.  This figure was reduced by the repayments
of $41,758 in insurance premium financing notes.

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

                       https://is.gd/LPC3gI

                       About Bright Mountain

Based in Boca Raton, Fla., Bright Mountain Media, Inc., a media
holding company, owns and manages Websites in the United States.
It operates through two segments, Product Sales and Services.  The
company develops Websites, which provide information and news to
military, law enforcement, first responders, and other public
sector employees; and information, including originally written
news content, blogs, forums, career information, and videos.

Bright Mountain reported a net loss attributable to common
shareholders of $2.94 million on $1.49 million of product sales for
the year ended Dec. 31, 2016, compared to a net loss attributable
to common shareholders of $2.01 million on $1.41 million of product
sales for the year ended Dec. 31, 2015.  

Liggett & Webb, P.A., in Boynton Beach, Florida, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2016, citing that the Company has a net
loss of $2,667,051 and used cash in operations of $1,860,515 and an
accumulated deficit of $8,824,806 at Dec. 31, 2016.  These matters
raise substantial doubt about the Company's ability to continue as
a going concern.


CAMBER ENERGY: Incurs $6.2 Million Net Loss in Second Quarter
-------------------------------------------------------------
Camber Energy, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q reporting a net loss
of $6.24 million on $1.48 million of total revenues for the three
months ended Sept. 30, 2017, compared to a net loss of $50.80
million on $894,513 of total revenues for the three months ended
Sept. 30, 2016.

For the six months ended Sept. 30, 2017, Camber Energy reported a
net loss of $9.29 million on $3.38 million of total revenues
compared to a net loss of $52.17 million on $1.04 million of total
revenues for the six months ended Sept. 30, 2016.

As of Sept. 30, 2017, the Company had total assets of $34.49
million, total liabilities of $53.96 million and a total
stockholders' deficit of $19.47 million.

At Sept. 30, 2017, the Company's total current liabilities of $51.6
million exceeded its total current assets of $1.5 million,
resulting in a working capital deficit of $50.1 million, while at
March 31, 2017, the Company's total current liabilities of $48.2
million exceeded its total current assets of $3.9 million,
resulting in a working capital deficit of $44.3 million.  The $5.9
million increase in the working capital deficit is primarily due to
its loss from operations, interest payments of $1.3 million and a
reduction of restricted cash of $1.5 million.

Net cash used in operating activities was $0.7 million for the six
months ended Sept. 30, 2017 as compared to $2.7 million for the
same period a year ago.  The decrease in net cash used in operating
activities of $1.8 million was primarily related to an increase in
accounts payable and accrued expenses of $2.0 million.

Net cash used in investing activities was $0.2 million for the six
months ended Sept. 30, 2017 as compared to net cash used in
investing activities of $6.0 million for the same period a year
ago.  The decrease of $5.6 million in cash used in investing
activities was primarily due to our acquisition of a working
interest in certain oil and gas properties during the prior year
period.

The Company had net cash provided by financing activities of $0.3
million for the six months ended Sept. 30, 2017 as compared to
having net cash provided by financing activities of $9.3 million
for the same period a year ago, which decrease was primarily due
the loan the Company received related to the acquisition of its
working interest in certain oil and gas properties in the period a
year ago.

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

                      https://is.gd/6KNMPZ

                      About Camber Energy

Based in San Antonio, Texas, Camber Energy, Inc. (NYSE American:
CEI) -- http://www.camber.energy.com/-- is a growth-oriented,
independent oil and gas company engaged in the development of crude
oil, natural gas and natural gas liquids in the Hunton formation in
Central Oklahoma in addition to anticipated project development in
the San Andres formation in the Permian Basin.

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

Camber reported a net loss of $89.12 million on $5.30 million of
total net operating revenues for the year ended March 31, 2017,
compared to a net loss of $25.44 million on $968,146 of total net
operating revenues for the year ended March 31, 2016.

GBH CPAs, PC -- http://www.gbhcpas.com/-- in Houston, Texas,
issued a "going concern" opinion on the consolidated financial
statements for the year ended March 31, 2017, citing that the
Company has incurred significant losses from operations and had a
working capital deficit at March 31, 2017.  These factors raise
substantial doubt about the Company's ability to continue as a
going concern, the auditors said.


CANNABIS SCIENCE: Reports $3.5 Million Net Loss for Third Quarter
-----------------------------------------------------------------
Cannabis Science, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q reporting a net loss
of $3.51 million on $2,317 of revenue for the three months ended
Sept. 30, 2017, compared to a net loss of $6.95 million on $2,733
of revenue for the three months ended Sept. 30, 2016.

For the nine months ended Sept. 30, 2017, the Company reported a
net loss of $10.15 million on $6,302 of revenue compared to a net
loss of $12.03 million on $8,520 of revenue for the same period
during the prior year.

As of Sept. 30, 2017, Cannabis Science had $2.08 million in total
assets, $5.23 million in total liabilities and a total
stockholders' deficit of $3.15 million.

The Company has a working capital deficit of $4,765,302 as of Sept.
30, 2017, compared to a working capital deficit of $2,983,206 as of
Dec. 31, 2016.  There are insufficient liquid assets to meet
current liabilities or sustain operations through 2017 and beyond
and the Company must raise additional capital to cover the working
capital deficit.  Management is working on plans to raise
additional capital through private placements and lending
facilities.  The Company currently is relying on existing cash and
loans from stockholders to meet its obligations and sustain
operations.

The Company has promissory note payment commitments of $1,340,156
due to stockholders and currently is in default.  In addition, the
Company has convertible promissory notes payment commitment of
$670,407 to Raymond C. Dabney, CEO/Director of the Company and
$797,518 to Royalty Management Services Corp.

The Company has additional capital resource requirements for
personnel, supplies, research and development, laboratory,
cultivation equipment, green houses and scientific equipment of
approximately $6,000,000 over the next 12 months.  These capital
disbursements are dependent on management's successful raising of
capital through private placements and/or lending facilities.

According to the Form 10-Q, "The Company is not currently in good
short-term financial standing.  We anticipate that we may only
generate limited revenues in the near future and we will not have
enough positive internal operating cash flow until we can generate
substantial revenues, which may take the next two years to fully
realize.  There is no assurance we will achieve profitable
operations.  We have historically financed our operations primarily
by cash flows generated from the sale of our equity securities and
through cash infusions from officers and outside investors in
exchange for debt and/or common stock."

General and administrative expenses increased by $1,772,495 to
$7,855,375 for the nine months ended Sept. 30, 2017 compared to
$6,082,880 for the nine months ended Sept. 30, 2016.  This increase
was due to higher share prices in the stock compensation expense
pursuant to management consulting and bonus agreements.

The Company is working on several business development projects to
generate revenues, including: investing in the cultivation of
leased properties with Members of the Washoe Tribal Allotment,
Winnemucca Tribal Allotment, HRM Farm and Free Spirit Organics, LLC
in Nevada and California that will generate increased license,
royalty revenue, Cannabis/Hemp products sales, and other strategic
acquisitions to support product development, production, and
distribution of newly acquired or manufactured cannabis and hemp
based products.  The Company's drug development through its
laboratory services to facilitate new inhalation study for
asthma/COPD and other respiratory conditions.  In addition, the
Company signed an agreement with Equi-Pharm for the
commercialization of pet products for distribution in California.
Notwithstanding, there can be no assurance that these will be
successful in generating revenues in 2017.

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

                     https://is.gd/eQh8dM

                    About Cannabis Science

Cannabis Science, Inc., was incorporated under the laws of the
State of Colorado, on Feb. 29, 1996, as Patriot Holdings, Inc.
Cannabis is at the forefront of medical marijuana research and
development.  The Company works with world authorities on
phytocannabinoid science targeting critical illnesses, and adheres
to scientific methodologies to develop, produce, and commercialize
phytocannabinoid-based pharmaceutical products.

Cannabis reported a net loss of $10.19 million on $9,263 of revenue
for the year ended Dec. 31, 2016, compared with a net loss of
$19.14 million on $44,227 revenue for the year ended Dec. 31,
2015.

Turner, Stone & Company, L.L.P., issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2016.  The auditors noted that the Company has
suffered recurring losses from operations since inception, has a
working capital deficiency and will need to raise additional
capital to fund its business operations and plans.  Furthermore,
here is no assurance that any capital raise will be sufficient to
complete the Company's business plans.  These conditions raise
substantial doubt about the Company's ability to continue as a
going concern.


CARVER BANCORP: Incurs $594,000 Net Loss in Second Quarter
----------------------------------------------------------
Carver Bancorp, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q reporting a net loss
of $594,000 on $6.33 million of total interest income for the three
months ended Sept. 30, 2017, compared to a net loss of $251,000 on
$6.32 million of total interest income for the same period during
the prior year.

For the six months ended Sept. 30, 2017, Carver Bancorp reported a
net loss of $1.23 million on $12.51 million of total interest
income compared to net income of $74,000 on $13.24 million of total
interest income for the nine months ended Sept. 30, 2016.

As of Sept. 30, 2017, Carver Bancorp had $666.39 million in total
assets, $619.72 million in total liabilities and $46.67 million in
total equity.

During the six months ended Sept. 30, 2017, total cash and cash
equivalents increased $9.0 million to $67.7 million at Sept. 30,
2017, compared to $58.7 million at March 31, 2017, reflecting cash
used in financing activities of $19.7 million and cash used in
operating activities of $3.1 million, offset by cash provided by
investing activities of $31.7 million.

Net cash used in financing activities of $19.7 million resulted
from net decreases in deposits of $9.7 million and repayment of a
short term borrowing and a subordinated debt borrowing of $10.0
million.  Net cash provided by investing activities of $31.7
million was primarily attributable to net loan principal
repayments.  Net cash used in operating activities totaled $3.1
million during the quarter.

                     Bank Regulatory Matters

On Oct. 23, 2015 the Board of Directors of Carver Bancorp, Inc., in
response to the FRB's Bank Holding Company Report of Inspection
issued on April 14, 2015, adopted a Board Resolution as a
commitment by the Company's Board to address certain supervisory
concerns noted in the Reserve Bank's Report.  The supervisory
concerns are related to the Company's leverage, cash flow and
accumulated deferred interest.  As a result of those concerns, the
Company is prohibited from paying any dividends without the prior
written approval of the Reserve Bank.

On May 24, 2016, the Bank entered into a Formal Agreement with the
OCC to undertake certain compliance-related and other actions as
further described in the Company's Current Report on Form 8-K as
filed with the Securities and Exchange Commission on May 27, 2016.
As a result of the Formal Agreement, the Bank must obtain the
approval of the OCC prior to effecting any change in its directors
or senior executive officers.  The Bank may not declare or pay
dividends or make any other capital distributions, including to the
Company, without first filing an application with the OCC and
receiving the prior approval of the OCC.  Furthermore, the Bank
must seek the OCC's written approval and the FDIC's written
concurrence before entering into any "golden parachute payments" as
that term is defined under 12 U.S.C. Section 1828(k) and 12 C.F.R.
Part 359.

At Sept. 30, 2017, the Bank's capital level exceeded the regulatory
requirements with a Tier 1 leverage capital ratio of 9.28%, Common
Tier 1 capital ratio of 12.30%, Tier 1 risk-based capital ratio of
12.30%, and a total risk-based capital ratio of 13.33%.

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

                       https://is.gd/AcyVLn

                       About Carver Bancorp

Carver Bancorp, Inc., is the holding company for Carver Federal
Savings Bank, a federally chartered stock savings bank.  Carver --
http://www.carverbank.com/-- was founded in 1948 to serve
African-American communities whose residents, businesses, and
institutions had limited access to mainstream financial services.
In light of its mission to promote economic development and
revitalize underserved communities, Carver has been designated by
the U.S. Department of the Treasury as a community development
financial institution.  Carver is the largest African- and
Caribbean-American managed bank in the United States, with nine
full-service branches in the New York City boroughs of Brooklyn,
Manhattan, and Queens.

Carver Bancorp incurred a net loss of $2.85 million for the year
ended March 31, 2017, a net loss of $1.76 million for the year
ended March 31, 2016, and a net loss of $272,000 for the year ended
March 31, 2015.


CASA MEDIA: Lazer Licenses Buying Nine Radio Stations for $1.7M
---------------------------------------------------------------
Casa Media Partners, LLC ("CMP") asks the U.S. Bankruptcy Court for
the Southern District of Florida to authorize it to enter into
Asset Purchase Agreement, dated Oct. 23, 2017, with Lazer Licenses,
LLC in connection with its sale of nine radio stations: (i) KIQQ
(AM) of Barstow, CA (FCC Facility ID No. 60423), (ii) KIQQ-FM of
Newberry Springs, CA (FCC Facility ID No. 79388), (iii) KAEH (FM)
of Beaumont, CA (FCC Facility ID No. 3727), (iv) KMQA of East
Porterville, CA (FCC Facility No. 3395), (v) KMEN of Mendota, CA
(FCC Facility No. 88205), (vi) KTNS of Oakhurst CA (FCC Facility
No. 8338), (vii) KAAT of Oakhurst, CA (FCC Facility No. 8341),
(viii) KAAT-FM1 of Merced, CA (FCC Facility No. 132814), and (ix)
K282AE of Oakhurst, CA (FCC Facility ID No. 8332) for $1.7 million,
subject to overbid.

CMP asks an expedited hearing on the Motion on Nov. 21, 2017, at
11:30 a.m., the same date that the Court has set the hearing on
Motion of Ether Mining Corporation for Relief from the Automatic
Stay.  The Motion and the Motion for Stay Relief are related and
should be heard on the same date to promote judicial efficiency and
conserve estate resources.  Additionally, delay of the sale
contemplated could potentially damage the value of CMP's assets.
No party will be prejudiced by granting the relief on an expedited
basis.

In 2012, CMP identified an opportunity to purchase a radio station
network (consisting of 10 radio licenses) then branded as the "La
Maquina" and "La Vaquera" Radio Networks, which were owned by Luna
Communications, LLC and its affiliates.  The Radio Stations and
were ultimately acquired in a series of transactions, which closed
in March of 2012.

The acquisition of the Radio Stations was documented by a
complicated (and, in places, overlapping) roster of notes, security
agreements, guarantees and assignments.  Pertinent for purposes of
the Motion, V. Bank acquired a first-position, blanket security
interest in CMP's assets as a result of the purchase.

V. Bank was taken over by the FDIC prior to the Petition Date.
Thereafter, Bank of Commerce ("BOC") purchased certain
non-performing commercial loan assets, including notes signed by
the Debtors, formerly held by V. Bank, from the FDIC.  BOC has
filed two proofs of claim premised on the security interest
acquired from V. Bank: (i) Claim No. 27-2 for $8,367,506 in Case
No. 15-16741-RAM; and (ii) Claim No. 3-2 for $9,903,732 in Case No.
15-16746-RAM.

CMP began marketing the Stations in late 2016 and identified five
potential buyers that are established in the markets where the
Stations are located, and that would benefit from the acquisition
of the Stations.  Of the five potential buyers, only negotiations
with the Purchaser advanced to the signing of a letter of intent in
the amount of $1.5 million.

Broker Elliot Evers of MVP Capital, at the request of BOC,
evaluated the marketing process used and determined whether the
Purchaser's offer was reasonable.  Subsequently, Larsavision
Comunicaciones and Ether Mining Corp. offered to purchase the
Stations for $1.6 million and $1.9 million, respectively.  Review
of Ether's offer, however, revealed considerable risk that Ether
lacked the financial wherewithal to close due to a lack of funds.
CMP requested that Ether improve its offer by either revising the
structure of the transaction, providing a larger deposit or
providing further due diligence materials regarding its ability to
close.

Simultaneously, CMP was also in discussions with the Purchaser to
close the gap.  The Purchaser agreed to increase its offer to $1.7
million.  Larsavision did not increase its offer and consequently
was rejected.  BOC, the Broker and CMP agreed that time was of the
essence in selecting a buyer as the financial health of the Debtor
was deteriorating, and that the offer from the Purchaser
represented the highest and best offer.

Following arms'-length discussions and negotiations with the
Purchaser, CMP and the Purchaser entered into the Sale Agreement
for the sale, assignment, transfer and conveyance of the nine radio
stations.

The salient terms of the Sale Agreement are:

     a. Purchase Price: $1,700,000

     b. Deposit: Contemporaneously with the execution of the Sale
Agreement, the Purchaser will deposit the sum of $120,000 with
Fletcher Heald & Hildreth, PLC pursuant to an Escrow Agreement and
Holdback Agreement among Purchaser, CMP, and the Escrow Agent.

     c. Assets to be Conveyed: On the Closing Date, CMP will sell,
assign, transfer, convey and deliver to the Purchaser, the
following Assets to the Purchaser free and clear of all liens and
encumbrances: FCC Licenses, tangible personal property, real
property leases, station contracts, intangible property, and
technical records.

     d. Closing: The consummation of the sale and purchase of the
Station Assets pursuant to the Sale Agreement will take place on
the date five business days after the date the FCC Consent has
become Final or on such other date as the parties may mutually
agree upon.

     e. FCC Consent: Within five business days of the date of the
Sale Agreement, the Purchaser and CMP will file an application
asking FCC consent to the assignment of the FCC Licenses from CMP
to the Purchaser.

     f. Programming Services Agreement: CMP and the Purchaser will
enter into a mutually agreeable programming services agreement for
the Stations  providing for the Purchaser to provide programming to
the following Stations during the period from 15 days after the
execution of the Sale Agreement until Closing.  Stations: KAAT FM,
KAAT FM1, KTNS FM, K282AE, KMEN FM, KMQA FM. CMP will continue to
provide programming on KAEH FM, KIQQ AM and KIQQ FM as Purchaser
has stations in those DMAs and the resulting conflicts would damage
both the Purchaser and CMP revenues.

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

         http://bankrupt.com/misc/Casa_Media_381_Sales.pdf

On Nov. 12, 2017, Ether filed its Motion for Stay Relief which
seeks stay relief to communicate with the FCC regarding the sale of
the Stations.  Additionally, Ether alleges in the Motion for Stay
Relief that it is willing and able to make a higher and better
offer for the purchase of the Stations.

CMP asks entry of an order authorizing CMP it enter into the
Agreement with the Purchaser and transfer the Stations to the
Purchaser free and clear of all liens, claims and encumbrances.
Alternatively, in the event that Ether represents to the Court at
the Proposed Hearing that it is willing and able to make a higher
and better offer for the purchase of the Stations, CMP asks that
the Court authorizes it to conduct an auction to sell the Stations
to the bidder with the highest and best offer.

Neither CMP nor BOC have any objection to a truly higher and better
offer to purchase the Stations, provided that any such offer
provides sufficient evidence of ability to close the transaction.

Notwithstanding anything in Bankruptcy Rule 6004(h), CMP asks that
the Court authorizes the parties to take any and all actions
contemplated in the Sale Agreement immediately upon entry of an
order with respect to this motion and order that such actions are
not stayed for a period of 10 days.

The Purchaser:

          LAZER BROADCASTING CORP.
          200 S. A Street, 4th Floor
          Oxnard, CA 93030
          Attn: Aflredo Plascencia, President
          Facsimile: (805) 240-7658

The Purchaser is represented by:

          Frank R. Jazzo, Esq.
          FLETCHER, HEALD & HILDRETH, P.L.C.
          1300 North 17th Street, 11th Floor
          Arlington, VA 22209-3801
          Facsimile: (703) 812-0486

The Creditors:

          ETHER MINING CORP.
          c/o Ross R Hartog
          101 NE Third Avenue
          Suite 1210
          Fort Lauderdale, FL 33301-1147

          BANK OF COMMERCE
          c/o Paul J. Richards, Esq.
          Kavanagh Grumley & Gorbold, LLC
          111 N. Ottawa Street
          Joliet, IL 60432-4229

                        About Casa Media

Casa Media Partners, LLC operates radio stations in the western
United States in a format analogous to traditional "country" music
in the United States, and includes "Norteo" and "Tejano" music,
among other subgenres of regional Mexican music.

Casa Media Partners, LLC, and Casa en Denver, Inc., commenced
Chapter 11 bankruptcy cases (Bankr. S.D. Fla. Case Nos. 15-16741
and 15-16746) in Miami, Florida on April 15, 2015.  The petition
was signed by Juan Salvador Gonzalez, the chief financial officer.

Judge Hon. Robert A Mark presides over the cases.  

The Debtors are represented by Kristopher Aungst, Esq., at Tripp
Scott, P.A.


CAVIUM INC: Moody's Reviews Ba3 CFR Amid Marvell Transaction
------------------------------------------------------------
Moody's Investors Service placed under review for upgrade the
credit ratings of Cavium, Inc., including the Ba3 Corporate Family
Rating ("CFR") and senior secured rating. The SGL-2 speculative
grade liquidity rating is unchanged.

This follows the announcement that Marvell Technology Group, Ltd
plans to acquire Cavium for $40 cash and 2.1757 Marvell shares for
each Cavium share, or a total purchase price of about $6 billion,
excluding transaction expenses. The acquisition has been approved
by the boards of directors of both Marvell and Cavium. Marvell
expects the acquisition to close by the middle of calendar year
2018.

RATINGS RATIONALE

The combined company will have greatly enhanced scale, with a
revenue base of about $3.4 billion, and a product base serving,
among other areas, a broad array of data center needs, including
controllers and interconnect chips for storage devices, networking
chips, server processors, security chips, and storage and
networking interface chips.

Moreover, Marvell does not currently carry reported debt, and
approximately half of the acquisition funding will be in the form
of Marvell shares, limiting the amount of new debt needed to fund
the acquisition. Moody's expects that proforma for the acquisition,
Marvell will have financial leverage of less than 3.5x debt to
EBITDA (latest twelve months ended September 30, 2017 and July 29,
2017 for Cavium and Marvell, respectively, Moody's adjusted, not
including anticipated synergies). Cavium's financial leverage
exceeds 4x debt to EBITDA (latest twelve months ended September 30,
2017, Moody's adjusted). Thus, Moody's anticipates that the
combined company will have both an improved business profile due to
the expanded portfolio and increased scale and will have an
improved debt capital structure relative to Cavium's current debt
capital structure.

The review will focus on: (1) Marvell's strategic plan to integrate
Cavium; (2) the composition of debt in the opening capital
structure, including the ranking of any Cavium debt that may remain
following acquisition closing; (3) the plans for deleveraging,
including the intent to reduce debt, the capacity for earnings
growth, and the financial policy going forward; and (4) the timing
and costs to achieve the synergies in the much larger combined
company, which Marvell has estimated at $150 million to $175
million within 18 months of closing.

The following actions were taken:

Issuer: Cavium, Inc.

-- Corporate Family Rating, Placed on Review for Upgrade,
    currently Ba3

-- Probability of Default Rating, Placed on Review for Upgrade,
    currently Ba3-PD

-- Senior Secured Bank Credit Facility, Placed on Review for
    Upgrade, currently Ba3 (LGD3)

Outlook Actions:

Issuer: Cavium, Inc.

-- Outlook, Changed to Rating Under Review from Stable

Cavium, Inc., based in San Jose, California, is a fabless
semiconductor firm that produces network, security, server, and
switching processors and systems, and interface devices for storage
area networks, including Fibre Channel and Ethernet adapters and
controller chips.

Marvell Technology Group, Ltd based in Hamilton, Bermuda, is a
fabless semiconductor firm that produces controller chips and other
components for hard disk drives and solid state drives, Ethernet
switch and connectivity chips, and communications processor chips.

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



CIBER INC: Zayo Settlement is Unfair, Committee Asserts
-------------------------------------------------------
BankruptcyData.com reported that Ciber Inc.'s official committee of
unsecured creditors filed with the U.S. Bankruptcy Court an
objection to the Debtors' motion for an order approving the
settlement by and among the Debtors and Zayo Group.  The committee
asserts, "The proposed Zayo Settlement is not fair, equitable or
reasonable. The proposed Zayo settlement relies on the artifice of
an overstated asserted claim by Zayo ($37.5 million) to grant Zayo
an unreasonably high, class-skewing general unsecured claim ($27.75
million). The Zayo Settlement should not be approved because it
does not meet the Martin factors, it impermissibly dictates terms
of the Debtors' Plan prior to confirmation, does not provide
adequate analysis of the released avoidance actions, and is not in
the paramount interest of all creditors. This Court is not required
to fix the amount of the claim of Zayo to reject the proposed
settlement. Instead, the Court can simply determine that the
settlement is not a fair, reasonable and equitable resolution of
the dispute. The Debtors' Settlement Motion concedes that there are
reasonable arguments that Zayo's asserted claims are overstated.
The argument that such a penalty provision requires extensive
litigation is misplaced. The undeniable fact that the Debtors
settled on the Zayo claim barely two weeks after Zayo's rejection
damages claim was filed indicates that the Debtors never fully
examined the options as a fiduciary should. The proposed
settlement, as intended in the Debtors' Plan, would pay Zayo the
roughly $10 million of hard costs Zayo invested while leaving Zayo
in full control of those assets. Truly an example of Zayo having
its 'cake' and 'eating it, too.' The Debtors' estates recover
nothing for that proposed expenditure. Zayo's claim is overstated
because it also fails to discount the damages to a present value as
of the termination date."

                       About CIBER Inc.
    
CIBER, Inc. -- http://www.ciber.com/-- is a global information
technology consulting, services and outsourcing company.  CIBER,
Inc., and two other affiliates sought bankruptcy protection on
April 9, 2017 (Bankr. D. Del. Lead Case No. 17-10772).  Christian
Mezger, its chief financial officer, signed the petition.

The Debtors disclosed total assets of $334.2 million and total
liabilities of $171.9 million as of Sept. 30, 2016.

The Hon. Brendan Linehan Shannon presides over the case.

Morrison & Foerster LLP is the Debtors' lead bankruptcy counsel.
Polsinelli, PC, serves as co-counsel while Saul Ewing LLP serves as
local counsel.  The Debtors also hired Houlihan Lokey as investment
banker and financial advisor; Alvarez & Marsal North America, LLC,
as restructuring advisor; and Prime Clerk LLC as noticing and
claims agent.

An official committee of unsecured creditors has been appointed in
the Chapter 11 case.  The committee retained Perkins Coie, LLP, as
bankruptcy counsel; Shaw Fishman Glantz & Towbin LLC as co-counsel;
and BDO Consulting as financial advisor.

Since the closing of the Sale, the Debtors have taken steps to
change their corporate names from CIBER, Inc., to CMTSU
Liquidation, Inc., CIBER Consulting, Incorporated, to CMTSU
Liquidation 2, Inc., and CIBER International LLC, to CMTSU
Liquidation 3, LLC.


CLAUDIA MANCINI: Sale of Hoboken Property for $595K Approved
------------------------------------------------------------
Judge Stacey L. Meisel of the U.S. Bankruptcy Court for the
District of New Jersey authorized Claudia A. Mancini's short sale
of real property located at 910 Hudson Street, Unit 2, Hoboken, New
Jersey to 910 Brownstone, LLC, as designee of Dennis Wang and Aimee
Wang, for $595,000.

A hearing on the Motion was held on Nov. 14, 2017 at 11:00 a.m.

The sale is free and clear of all liens, claims, and interests.

The closing will occur by Nov. 30, 2017, unless the parties consent
in writing to a reduction or extension of time for the closing
date.

Nationstar will be paid at closing the amount of $560,000 in
satisfaction of its secured claim, including a waiver of any
deficiency claim.  The Debtor is authorized to pay the Realtor at
closing for the real estate commission in the amount of $29,750.
The Debtor may pay outstanding real estate taxes and other
municipal liens at closing in an amount not to exceed $5,250, with
any remaining balance to be held in escrow by her counsel for
distribution pursuant to a confirmed Plan of Liquidation, or
further Order of the Court.

The balance of the monies to be distributed to other creditors
pursuant to the Plan, including the Association, administrative,
priority and general unsecured creditors, will be made on the
Effective Date of the Plan.

The stay provisions under Fed. R. Bankr. P. 6004(h) be and are
waived and, therefore, not applicable to the sale.

Claudia A. Mancini sought Chapter 11 protection (Bankr. D.N.J. Case
No. 16-23040) on July 6, 2016.  The Debtor tapped Michele M. Dudas,
Esq., at Trenk, Dipasquale, Della Fera & Sodono, as counsel.  On
Oct. 17, 2016, the Court appointed Coldwell Banker Residential
Broker as realtor.  On June 6, 2017, the Court approved the
Debtor's Second Amendment to the Disclosure Statement and Plan.


CLUB VILLAGE: Needs More Time to Analyze Claims, File Plan
----------------------------------------------------------
Club Village, LLC asks the U.S. Bankruptcy Court for the Southern
District of Florida to extend the exclusive periods within which
only the Debtor may propose a Plan of reorganization, by 90 days
through February 20, 2018, and within which only the Debtor may
solicit acceptances to its Plan by 90 days through April 23.

The Court has entered an Order Granting Motion to Approve
Compromise between the Debtor and its secured lender. Meanwhile,
the Debtor says it is still analyzing claims to determine various
treatments and whether a plan will in fact be needed, or whether
the Debtor will seek voluntary dismissal. Therefore, the Debtor
will need additional time to file its plan and disclosure
statement.

                          About Club Village

Club Village, LLC, a single asset real estate business based in
1601 NW 13 St., Boca Raton, Florida, filed a Chapter 11 petition
(Bankr. S.D. Fla. Case No. 16-21497) on Aug. 22, 2016.  The
petition was signed by Fred DeFalco, managing member.  The case is
assigned to Judge Erik P. Kimball.  The Debtor disclosed total
assets at $11.5 million and total debts at $11.2 million.

The Debtor is represented by Aaron A. Wernick, Esq., at Furr &
Cohen.  The Debtor engaged Andrew Sodl, Esq., at Akerman LLP as
special counsel; and Paul Rubin, EA, Mtax and Rubin & Associates,
CPA Firm, PA, as accountants.

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


COLONIAL MEDICAL: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: Colonial Medical Management Corp
        PO Box 1716
        Anasco, PR 00610

Business Description: Colonial Medical Management Corp is an
                      ambulatory health care clinic located in
                      Anasco, Puerto Rico.  Colonial Medical
                      Management Corp's practice location is
                      listed as Carretera 402 Km 1.8 Bo. Marias
                      Anasco, PR 00610.  The company previously
                      sought bankruptcy protection on March 13,
                      2014 (Bankr. D. P.R. Case No. 14-01922).

Chapter 11 Petition Date: November 21, 2017

Case No.: 17-06925

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

Judge: Hon. Brian K. Tester

Debtor's Counsel: Ada M Conde, Esq.
                  1611 LAW AND JUSTICE FOR ALL, INC.
                  PO Box 11674
                  San Juan, PR 00910
                  Tel: 787-721-0401
                  Email: 1611lawandjustice@gmail.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Luis Jorge Lugo Velez, president.

A full-text copy of the petition containing, among other items,
a list of the Debtor's 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/prb17-06925.pdf


COLORADO NATIONAL: U.S. Trustee Forms Five-Member Committee
-----------------------------------------------------------
Patrick S. Layng, U.S. Trustee for the District of Colorado, on
Nov. 16 appointed five creditors to serve on the official committee
of unsecured creditors in the Chapter 11 case of Colorado National
Bancorp.

The committee members are:

     (1) Brian Devlin

     (2) CRTT Holdings, LLC
         c/o Robert Ekback
         10634 Sundial Rim Road
         Highlands Ranch, CO 80126
         Tel: (303) 883-1328
         E-mail: bob@ekback.com

     (3) Curtis J. Thompson

     (4) Guy Gibson

     (5) JHM Enterprises, LLC
         c/o John H. Moody
         6783 S. Yates Ct.
         Littleton, CO 80128
         Tel: (303) 324-4625
         E-mail: JHMLLC@icloud.com

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

                  About Colorado National Bancorp

Colorado National Bancorp, formerly known as Community Bank
Partners Inc., operates as a bank holding company for Colorado
National Bank that provides banking products and services to
businesses and consumers in Colorado and surrounding states.  It
was incorporated in 2009 and is based in Denver, Colorado.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. Colo. Case No. 17-20315) on Nov. 8, 2017.
Scott D. Jackson, chief executive officer, signed the petition.

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

Judge Elizabeth E. Brown presides over the case.

Steven T. Mulligan, Esq., and Benjamin J. Ross, Esq., at Jackson
Kelly PLLC serve as the Debtor's legal counsel.


DIAMONDBACK ENERGY: Egan-Jones Hikes Sr. Unsec. Debt Ratings to BB
------------------------------------------------------------------
Egan-Jones Ratings Company, on Aug. 31, 2017 upgraded the foreign
currency and local currency senior unsecured ratings on debt issued
by Diamondback Energy Inc. to BB from BB-.

Diamondback Energy, Inc. is an exploration and production company
with primary focus in the Permian Basin in West Texas.



DMP PARTERS: Proposes a Private Sale of Mesa Property for $700K
---------------------------------------------------------------
DMP Partners - Arizona, LLC, doing business as Affordable
Cremmation & Burial Chapel, asks the U.S. Western District of
Oklahoma to authorize the private sale of (i) personal property
including, but not limited to, all furniture, fixtures and
equipment and applicable intangible personal property; and (ii) the
real property located at 1110 S. Horne, Unit 6 and 1130 S. Horne,
Mesa, Arizona to Garland Shreves for $700,000.

A hearing on the Motion is set for Dec. 18, 2017 at 9:30 a.m.
Objections, if any, must be filed no later than 21 days from the
date of filing of the Motion.

Since March 2017, the Debtor has had the Property listed for sale.
The offer to purchase the Property is the only offer Debtor has
received since attempting to sell the Property.  In addition, the
operating entity has not ever been able to consistently to pay
rent.  Therefore, it believes the Buyer's offer is the highest and
best offer to purchase the Property.

After arm's-length negotiations, and subject to Court approval, the
parties entered into the Asset Purchase Agreement, dated Nov. 17,
2017, for the sale of the Property to the Buyer.  Pursuant to the
Contract, DMP proposes to the sell the Property to the Buyer for a
total purchase price of $700,000, with $50,000 earnest money
deposit.  The $700,000 is a fair and reasonable price.  

Pursuant to the Contract, DMP proposes to sell the Property to the
Buyer by Dec. 29, 2017, free and clear of any liens, claims,
encumbrances or other interests and to remit all of the net sales
proceeds to the creditors according to their respective priority.
The Contract proposes to close the sale by Dec. 29, 2017.

A copy of the Contract attached to the Motion is available at:

    http://bankrupt.com/misc/DMP_Partners_72_Sales.pdf

The Property is secured by these liens:

     a. The first lien is a valid lien on the real property in
favor of Maricopa County Treasurer, P.O. Box 52133, Phoenix, AZ
85072-2133;

     b. The second lien is a valid consensual mortgage in favor of
Republic Bank, P.O. Box 5369, Norman, OK 73070; and
     
     c. The third lien is a judgment lien in favor of Arizona
Cremation Services and Todd M. Allen, c/o Jim Vogt, 2200 First
National Center, 120 N. Robinson, Oklahoma City, OK 73102.

DMP is not aware of any other liens, claims or encumbrances against
the Property.  It proposes to sell the Property as soon as possible
after entry of an Order approving the Motion and to remit all of
the net sales proceeds to the creditors.  It will pay Maricopa
County Treasurer the amount of $10,887, which will satisfy the full
amount of the debt.  The remainder of the proceeds will be paid to
Republic Bank.  No other creditors will receive any proceeds from
the sale including, but not limited to, Arizona Cremation Services
and Todd M. Allen.  The Property will be sold free and clear of
Arizona Cremation Services and Todd M. Allen's judgment lien as
well as all other liens.

DMP asks that any Order approving the Motion be effective
immediately and find that the 14-day stay is inapplicable in order
to begin the closing process.

The Purchaser:

          Garland Shreves
          2948 N. Taylor Lane
          Casa Grande, AZ 85122
          Telephone: (520) 591-3314
          E-mail: Happyintucson@aol.com

                       About DMP Partners

DMP Partners Arizona, LLC, based in Norman, OK, filed a Chapter 11
petition (Bankr. W.D. Okla. Case No. 16-14920) on Dec. 9, 2016.  In
its petition, the Debtor disclosed $1.61 million in assets and
$2.23 million in liabilities.  Hal William Ezzell, member, signed
the petition.  The Hon. Janice D. Loyd is the case judge.  Gary D.
Hammond, Esq., at Mitchell & Hammond, serves as bankruptcy counsel
to the Debtor.


DYNAMIC CONSTRUCTION: Court OKs Premium Finance Pact With IPFS
--------------------------------------------------------------
The U.S. Bankruptcy Court for the Western District of Virginia has
granted Dynamic Construction Services, Inc., permission to enter
into premium finance agreement with IPFS Corporation.

As reported by the Troubled Company Reporter on Oct. 12, 2017, the
Debtor sought court authorization to enter into insurance premium
finance agreement with IPFS.  The Agreement would require the
Debtor to make a down payment to IPFS in the amount of $6,395.95,
and to make monthly payments in the amount of $2,663.18 each over a
term of 10 months.  The annual percentage rate is 8.84% and the
total amount financed under the Agreement is $26,631.80.  The
Agreement grants IPFS a lien and security interest in any and all
unearned or return premiums and dividends which may become payable
under the policies identified in the Agreement.  

The Debtor is authorized to enter into financing agreements in the
future with IPFS without further court order under the following
terms:

     a. copies of the proposed financing agreement will be
        forwarded to counsel for the Official Committee of the
        Unsecured Creditors, and counsel to the Debtor's senior
        lenders; and

     B. unless the Debtor receives notice in writing from the
        Committee and senior lenders within five business days of
        receipt by the Committee and the senior lenders of the
        Financing Agreement, the Debtor will proceed to enter into

        the Financing Agreement.

A copy of the court order is available at:

         http://bankrupt.com/misc/vawb17-50566-135.pdf

                  About Dynamic Construction

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

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

Judge Rebecca B. Connelly presides over the case.

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

An official committee of unsecured creditors has been appointed in
the case.


ECOSPHERE TECHNOLOGIES: Incurs $1.2M Net Loss in Third Quarter
--------------------------------------------------------------
Ecosphere Technologies, Inc. filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q reporting a net loss
of $1.25 million on $33,752 of total revenues for the three months
ended Sept. 30, 2017, compared to a net loss of $1.05 million on
$48,632 of total revenues for the three months ended Sept. 30,
2016.

For the nine months ended Sept. 30, 2017, the Company reported a
net loss of $3.27 million on $1.36 million of total revenues
compared to a net loss of $6.57 million on $102,061 of total
revenues for the same period a year ago.

As of Sept. 30, 2017, Ecosphere had $1.79 million in total assets,
$17.14 million in total liabilities, $4.03 million in total
redeemable convertible preferred stock, and a total Ecosphere
Technologies, Inc. stockholders' deficit of $19.59 million.

As of Nov. 15, 2017, Ecosphere had cash on hand of approximately
$20,000.  Due to the nature of its technology licensing business
model, Ecosphere said it presently does not have any regularly
recurring revenue.

Net cash used in operating activities was $2 million for the 2017
Period.  For the 2017 Period, cash used in operating activities of
$2 million resulted from the net loss applicable to Ecosphere
common stock of $3.3 million and was partially offset by a $1.6
million increase in accrued expenses, a $0.7 million decrease in
inventory resulting in the sale of growing equipment during the
2017 Quarter and $0.4 million in amortization of discounts on notes
payable.

Net cash used in investing activities was $0.1 million for the 2017
Period.  The Company had additions to property and equipment in
connection with the construction of the Company's Cannatech
Agriculture Center in Washington State of $0.3 million, which was
partially offset by a $0.1 million sale of the Company's Cavisonix
unit, vehicle and steel building.

The Company received proceeds of approximately $1 million in
connection with the issuance of a convertible note payable, note
payable and related party note payable.  In addition, the Company
received $1.2 million in proceeds from debt type investment
classified as an obligation secured by revenues in connection with
an investment in the Company's subsidiary, Ecosphere Development
Company, LLC, where the investor receives a certain percentage
interest in a future revenue stream.  The proceeds were partially
offset by repayments of related party notes payable of $0.1
million.

Net cash used in investing activities was $0.2 million for the 2016
Period.  The Company had additions to property and equipment of
$0.2 million in connection with the build-out of Phase 1 of EDC's
Cannatech Agriculture Center in Washington State.

Net cash provided by financing activities of $2.7 million consisted
of proceeds from the issuance of convertible notes payable of $1.7
million, proceeds from the issuance of notes payable of $1 million
in connection with the financing for the Cannatech Agriculture
Center in Washington State and proceeds from the issuance of
related party notes payable of $0.1 million.  These proceeds were
partially offset by repayments of vehicle and equipment financing
of $50,774.

As of Nov. 15, 2017, Ecosphere had cash on hand of approximately
$20,000.  Due to the nature of its technology licensing business
model, Ecosphere presently does not have any regularly recurring
revenue.  Management believes that these factors raise substantial
doubt about the Company's ability to continue as a going concern
for a period of twelve months from the issuance date of this
Report.  To support its operations, the Company has a number of
plans to monetize its intellectual property.

Ecosphere stated that in order to stay operational, the Company's
principal lender has continued to advance funds to the Company on
an as needed basis.  During 2016, he has lent the Company $1.9
million represented by a secured promissory note and convertible
notes that are convertible at $0.115 per share and due in December
2017, these notes are secured by a variety of security interests on
intellectual property and other assets of the Company.  In
addition, the Company's principal lender lent the Company and SOGS
$517,000 during 2017.  Until the Company can generate sufficient
working capital to begin to repay this indebtedness and other
indebtedness, this lender has rights, which are superior to the
Company's shareholders as well as other creditors.  

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

                    https://is.gd/pFwZ9r

                About Ecosphere Technologies

Stuart, Florida-based Ecosphere Technologies (OTC BB: ESPH) --
http://www.ecospheretech.com/-- is a water engineering, technology
licensing and environmental services company that designs, develops
and manufactures wastewater treatment solutions for industrial
markets.  Ecosphere, through its majority-owned subsidiary
Ecosphere Energy Services, LLC, provides energy exploration
companies with an onsite, chemical free method to kill bacteria and
reduce scaling during fracturing and flowback operations.

Ecosphere reported a net loss of $7.97 million on $91,157 total
revenue for the year ended Dec. 31, 2016, compared with a net loss
of $23.06 million on $721,179 total revenue in 2015.

Salberg & Company, P.A., issued a "going concern" qualification on
the financial statements for the year ended Dec. 31, 2016.
Ecosphere reported a net loss of $7.973 million and $23.07 million
in 2016 and 2015, respectively, and cash used in operating
activities of $3.137 million and $1.762 million in 2016 and 2015,
respectively.  At Dec. 31, 2016, the Company had a working capital
deficiency, stockholders' deficit and accumulated deficit of $12.91
million, $15.95 million and $139.9 million, respectively.  These
matters raise substantial doubt about the Company's ability to
continue as a going concern.


EP ENERGY: Moody's Rates New $1.2BB Secured Notes Caa2
------------------------------------------------------
Moody's Investors Service assigned a Caa2 rating to EP Energy LLC's
(EPE) proposed $1.2 billion senior secured notes due 2024. The Caa1
Corporate Family Rating (CFR) and B3 rating on the 1.25 lien senior
secured notes were affirmed. The ratings on the second lien term
loans and senior unsecured notes were downgraded one notch. The
SGL-3 Speculative Grade Liquidity (SGL) Rating was affirmed. The
company's Probability of Default Rating (PDR) was changed to
Caa1-PD/LD from Caa1-PD. The rating outlook remains stable.

EPE's proposed notes offering will be used to exchange the new
senior secured notes due 2024 for its outstanding 9.375% senior
unsecured notes due 2020 ($1.2 billion is currently outstanding) at
par, as well as for its 2022 and 2023 notes at discounts to par.
Moody's considers EPE's notes exchange that extends the maturity of
the notes due 2020 by four years as a distressed exchange, which is
an event of default under Moody's definition of default. Moody's
has appended the PDR with an "/LD" designation indicating a limited
default, which will be removed after three business days.

"Moody's view EP Energy's debt exchange transaction, which extends
its debt maturities, as a modest credit positive," commented James
Wilkins, Moody's Vice President -- Senior Analyst. "The affirmation
of the Caa1 CFR reflects EP Energy's high leverage and Moody's
expectation the company will continue to generate weak leverage and
coverage credit metrics."

The following summarizes the ratings activity.

Downgrades:

Issuer: EP Energy LLC

-- Senior Secured Second Lien Bank Credit Facility, Downgraded to

    Caa2(LGD5) from Caa1(LGD4)

-- Senior Secured Regular Bond/Debenture, Downgraded to
    Caa2(LGD4) from Caa1(LGD4)

-- Senior Unsecured Regular Bond/Debenture, Downgraded to
    Caa3(LGD6) from Caa2(LGD5)

Assignments:

Issuer: EP Energy LLC

-- Senior Secured Regular Bond/Debenture, Assigned Caa2(LGD4)

Outlook Actions:

Issuer: EP Energy LLC

-- Outlook, Remains Stable

Affirmations:

Issuer: EP Energy LLC

-- Probability of Default Rating, Affirmed Caa1-PD /LD

-- Speculative Grade Liquidity Rating, Affirmed SGL-3

-- Corporate Family Rating, Affirmed Caa1

-- Senior Secured Regular Bond/Debenture, Affirmed B3(LGD3)

RATINGS RATIONALE

The proposed $1.2 billion of senior secured 1.5 lien notes due 2024
are rated Caa2 (one notch below the Caa1 CFR), consistent with
Moody's Loss Given Default (LGD) methodology, reflecting the notes'
priority claim relative to other debt in EP Energy's capital
structure. The new notes have a junior claim relative to EPE's
first lien revolving credit facility ($1.4 billion commitments,
unrated) and $500 million of senior secured 1.25 lien notes due
2024 (B3 rating or one notch above the CFR). The B3 rating on the
1.25 lien notes due 2024 reflect a one notch down override from the
LGD model implied outcome, reflecting Moody's view the notes should
be one notch above the CFR given the potential for a decline in
balances of more junior senior unsecured debt following the
exchange offer for the notes due 2022 and 2023. The proposed notes
rank pari passu with the existing $1 billion of 1.5 lien senior
secured notes due 2025 (Caa2 rating, one notch below the CFR), and
have a higher priority claim on assets relative to the second lien
term loans ($29 million as of September 30, 2017, Caa2 rating) and
unsecured notes (Caa3 ratings). The Caa2 rating on the second lien
term loans due 2018 and 2019 reflect a one notch up override from
the LGD model implied outcome, reflecting Moody's view of the
potential expected loss on such term loans.

EPE's Caa1 CFR reflects the company's high leverage as well as
Moody's expectation that the company's credit metrics will worsen
in 2018, as the cash flows provided by its hedged production
volumes decline. Despite reducing debt by around $1 billion in 2016
and a focus on limiting negative free cash flow generation, the
company still has elevated leverage ($4.0 billion of balance sheet
debt as of September 30, 2017). Moody's estimates that EPE's asset
coverage (PV-10 value relative to debt) is weak at less than 1.0x.
In addition, EPE faces a heavy cash interest expense (more than
$300 million per year), which adds nearly $11 per boe to its cost
structure. The company's consistent hedging practices somewhat
buffers its cash flows from the full effects of low and volatile
commodity prices, but are expected to provide significantly less
benefit in 2018, compared to 2016-2017. EPE's hedges cover just
over half of estimated 2018 production volumes. Nevertheless, the
company's cash flows will decline at Moody's price estimates (WTI
crude oil at $50/bbl through 2018), as a result of EPE's weaker
hedge prices.

The SGL-3 Speculative Grade Liquidity Rating reflects Moody's
expectation EPE will maintain adequate liquidity through 2018. Its
liquidity is supported by $21 million of cash, $876 million of
availability under its $1.4 billion first lien revolving credit
facility due May 24, 2019 (net of $505 million of borrowings and
$19 million of letters of credit, pro forma for the fall 2017
borrowing base redetermination) and EPE's cash flow from
operations. Under Moody's price estimates the company will generate
negative free cash flow through 2018 under an increased capital
spending program, but Moody's expect the revolver will have more
than sufficient borrowing capacity to fund the outspend of cash
flow from operations. The borrowing base was $1.40 billion after
the fall 2017 redetermination. The company has a financial covenant
limiting its first lien debt / EBITDAX to no greater than 3x, which
Moody's expect EPE will be able to comply with through 2018. EPE's
alternative sources of liquidity are limited, as a significant
portion of its assets are pledged as collateral to its secured
debt; however, the company has begun to use joint venture drilling
arrangements to ease its heavy capital requirements. The next debt
maturity is in May 2018 when its second lien secured term loan ($21
million balance as of September 30, 2017) is due.

The rating outlook is stable, reflecting the adequate liquidity. An
upgrade could be considered if the company reduces its debt and
maintains RCF to debt above 15% while growing production or keeping
production relatively flat. The ratings could be downgraded if
liquidity deteriorates or retained cash flow to debt is expected to
remain below 5% for a sustained period.

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

EP Energy LLC is an independent exploration & production company
headquartered in Houston, Texas.


EP ENERGY: S&P Lowers CCR to CC on Distressed Notes Exchange
------------------------------------------------------------
S&P Global Ratings lowered its corporate credit rating on EP Energy
LLC to 'CC' from 'CCC+'. S&P said, "We also lowered the issue-level
rating on the company's senior unsecured debt to 'CC' from 'CCC-'.
We will review the recovery rating upon closing of the exchange."

The downgrade reflects that EP Energy has offered an exchange to
holders of its 2020, 2022 and 2023 senior unsecured notes for
1.5-lien secured notes due 2024, which could potentially amount to
a less-than-par exchange for the 2022 and 2023 notes. S&P said, "We
note the exchange would extend EP's debt maturities, which we view
favorably. However, the lower corporate credit rating and
issue-level ratings reflect our view that the transaction would
amount to a distressed exchange because investors receive less than
what was promised on the original securities."

The negative outlook reflects S&P's expectation that noteholders of
the company's unsecured debt could elect to exchange unsecured debt
for secured 1.5 lien debt at below par. Should this occur, S&P is
likely to lower the rating to 'SD'.


EXGEN TEXAS: U.S. Trustee Unable to Appoint Committee
-----------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 cases of ExGen Texas Power, LLC, and
its debtor-affiliates as of Nov. 16, according to a court docket.

                     About ExGen Texas Power

ExGen Texas Power, LLC, et al., operate as subsidiaries of Exelon
Generation Company, LLC, which is a unit of Chicago, Illinois-based
energy giant Exelon Corp. (NYSE:EXC).  EGTP owns 100% of the equity
in five direct subsidiaries, each of which owns a separate
gas-fired generation project:

    Debtor-Subsidiary       Project and Location
    -----------------       --------------------
  Wolf Hollow I Power, LLC    639 MW Plant in Granbury, TX
  Colorado Bend I Power, LLC  454 MW Plant in Wharton, TX
  Handley Power, LLC          1,265 MW Plant in Fort Worth, TX
  Mountain Creek Power, LLC   808 MW Plant in Dallas, TX
  LaPorte Power, LLC          147 MW Plant in LaPorte, TX

EGTP and its five subsidiaries sought Chapter 11 protection (Bankr.
D. Del. Lead Case No. 17-12377) on Nov. 7, 2017, with a plan that
would turnover ownership of four plants to lenders in exchange for
debt, and a deal to sell the Handley Power plant to parent Exelon
Generation Company, LLC.

Direct parent Exelon Generation Company and ultimate parent Exelon
Corp. are not debtors in the Chapter 11 cases.

EGTP estimated $100 million to $500 million in assets and $500
million to $1 billion in debt.

The Hon. Brendan Linehan Shannon is the case judge.

The Debtors tapped Richards, Layton & Finger, P.A. as counsel;
Scotia Capital (USA) Inc., as investment banker; FTI Consulting,
Inc., as restructuring advisors; and Kurtzman Carson Consultants
LLC as claims agent.  KCC maintains the case web site
http://www.kccllc.net/egtp  

Counsel to Exelon Generation Company is DLA Piper LLP (US).
Counsel to the Secured Agent is Norton Rose Fulbright US LLP.
Counsel to the Ad Hoc Committee is Wachtell, Lipton, Rosen & KaTz.


FINJAN HOLDINGS: BCPI I Lowers Equity Stake to 13.6%
----------------------------------------------------
BCPI I, L.P., BCPI Partners I, L.P., BCPI Corporation, Michael
Eisenberg and Arad Naveh reported in a Schedule 13D/A filed with
the Securities and Exchange Commission that they beneficially own
3,766,935 shares of common stock of Finjan Holdings, Inc.,
constituting 13.6 percent of the shares outstanding.  The
percentage was calculated based upon 27,707,329 shares of Common
Stock reported to be outstanding as of Nov. 6, 2017 as reported by
the Issuer on Form 10-Q for the period ended Sept. 30, 2017 as
filed with the Securities and Exchange Commission on Nov. 9, 2017.

The Amendment No. 5 to Schedule 13D was filed to report certain
dispositions of shares of common stock, par value $0.0001 per share
of Finjan Holdings by the reporting persons.  For the period from
July 28, 2017, through Nov. 15, 2017, BCPI I sold an aggregate of
226,436 common stock of Finjan Holdings.

In June 2017, Finjan Holdings sold and issued shares of its Series
A-1 Preferred Stock in a private placement offering.  On June 30,
2017 and July 21, 2017, the Issuer completed a follow-on public
offering for the sale and issuance of shares of Common Stock.
Although none of the Reporting Persons acquired any capital stock
of the Issuer in the Private Placement Offering or the Follow-on
Offering, as a result of the Private Placement Offering and the
Follow-on Offering, there was a material change in the percentage
of Common Stock that the Reporting Persons are deemed to
beneficially own.

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

                     https://is.gd/JWtYmp

                         About Finjan

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

Finjan reported a net loss attributable to common stockholders of
$6.43 million for the year ended Dec. 31, 2016, a net loss
attributable to common stockholders of $12.60 million for the year
ended Dec. 31, 2015, and a net loss of $10.47 million for the year
ended Dec. 31, 2014.  As of Sept. 30, 2017, Finjan Holdings had
$45.32 million in total assets, $11.96 million in total
liabilities, $18 million in redeemable preferred stock and $15.35
million in total stockholders' equity.

The Company stated in its quarterly report for the period ended
Sept. 30, 2017, that "Based on current forecasts, management
believes that our cash and cash equivalents will be sufficient to
meet our 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.  We 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."


FIRST BANCORP: Fitch Keeps B- IDR on Negative Watch
---------------------------------------------------
Fitch Ratings has maintained the ratings for First Bancorp (FBP),
including its 'B-' Long-Term Issuer Default Rating (IDR), 'B'
Short-Term IDR and 'b-' Viability Rating (VR) on Rating Watch
Negative due to the uncertainty of the effects of Hurricane Maria
in Puerto Rico.  

KEY RATING DRIVERS

IDRs, NATIONAL RATINGS AND SENIOR DEBT

Fitch has maintained the ratings on Negative Watch because it
believes that the challenges posed by Hurricane Maria, including
massive destruction to vital infrastructure, homes, businesses, and
other property, could make it difficult for FBP to maintain
positive momentum in asset quality, earnings, and deposit funding
metrics that the company has reported over the past several
quarters.

Historically, FBP's ratings have incorporated the significant
challenges posed by the weak operating environment in Puerto Rico.
Prospectively, Fitch expects the destruction caused by Hurricane
Maria could further weaken the operating environment, which is a
bigger influence on the rating. Fitch also expects the hurricane's
impact will complicate Puerto Rico's efforts to reverse outward
migration, generate sustainable economic growth, and address its
fiscal and debt imbalances.

For 3Q17, FBP reported a $10.8 million net loss that was driven
mainly by the sizeable $66.5 million provision related to the
estimated impact of Hurricane Irma and Maria. The provision was
also related to an increase in the qualitative reserve, which was
based on FBP's assumptions of unemployment rising to 20% and a
decline in economic activity over the next two quarters. FBP
expects to have a full assessment completed by end of 4Q17 as
information flow from clients and market participants improves.
Other negative impacts to financial performance included declines
in net interest income as loans migrating into NPAs, reduced
revenue from mortgage banking and fees.

Credit trends for the quarter turned negative as the inflows of
non-performing loans increased to $106 million compared to $37.7
million in the 2Q17 with asset quality deteriorating broadly in all
loan categories. Early stage delinquencies are also up but this is
mainly due to disruption of FBP's collection efforts.

In Fitch's view, capital still remains solid and could provide a
buffer to potential losses. Further, given FBP's risk profile and
uncertainties that remain regarding the Puerto Rican economy and
hurricane impact, the company's higher capital ratios are viewed as
prudent and supportive of ratings. For 3Q17, FBP's TCE and CET1
stood at 14.63% and 18.62%, respectively, despite the reported net
loss during the quarter.

SUPPORT RATING AND SUPPORT RATING FLOOR

The Support Rating of '5' and Support Ratings Floor of 'NF' reflect
Fitch's view that FBP is not considered systemically important, and
therefore the probability of support is unlikely. The IDRs and VRs
do not incorporate any support.

LONG- AND SHORT-TERM DEPOSIT RATINGS

FBP's uninsured deposit ratings at its subsidiary banks are rated
one notch higher than FBP's IDR and senior unsecured debt rating
because U.S. uninsured deposits benefit from depositor preference.
U.S. depositor preference gives deposit liabilities superior
recovery prospects in the event of default.

HOLDING COMPANY

FBP has a bank holding company (BHC) structure with the bank as the
main subsidiary. IDRs and VRs are equalized with those of the
operating companies and banks, reflecting its role as the bank
holding company, which is mandated in the U.S. to act as a source
of strength for its bank subsidiaries. Double leverage is below
120% for the FBP parent company.

RATING SENSITIVITIES
IDRs, VRs AND SENIOR DEBT

Fitch expects to resolve the Rating Watch Negative within the next
six months. Fitch also expects that the bank's quarterly financial
results as well as disclosures from the U.S. Federal Government and
the Commonwealth of Puerto Rico will bring greater visibility into
the potential short- and long-term effects that this unprecedented
event may have on financial performance and ultimately the
company's ratings.

Further, if recovery efforts become more challenged and lag longer
than six months pressuring the economy even more, the Negative
Watch could be removed and a Negative Outlook assigned.
Additionally, if Fitch believes the effects of the hurricane will
have long-term effects on the economy, it may negatively impact the
franchise.

SUPPORT RATING AND SUPPORT RATING FLOOR

The Support Rating and Support Rating Floor are sensitive to
Fitch's assumption around capacity to procure extraordinary support
in case of need.

HOLDING COMPANY
If FBP became undercapitalized or increased double leverage
significantly, there is the potential that Fitch could notch the
holding company IDR and VR from the ratings of the operating
companies.

Fitch maintains the following ratings on Rating Watch Negative:

First BanCorp
-- Long-Term IDR 'B-';
-- Short-Term IDR 'B';
-- Viability Rating 'b-'.

FirstBank Puerto Rico
-- Long-Term IDR 'B-';
-- Long-term deposit 'B'/'RR3';
-- Short-Term IDR 'B';
-- Short-term Deposits 'B';
-- Viability 'b-'.

Fitch has affirmed the following ratings:
First BanCorp
-- Support at '5';
-- Support floor at 'NF'.

FirstBank Puerto Rico
-- Support at '5';
-- Support floor at 'NF'.


FOSSIL GROUP: Egan-Jones Cuts Sr. Unsec. Debt Ratings to B
----------------------------------------------------------
Egan-Jones Ratings Company on Nov. 17, 2017, lowered the foreign
currency and local currency senior unsecured ratings on debt issued
by Fossil Group Inc. to B from B+.  EJR also lowered the foreign
currency and local currency ratings on commercial paper by the
Company to B from A3.

On Oct. 9, 2017, EJR downgraded the senior unsecured ratings on
debt issued by the Company to B+ from BB-.

Previously, on Aug. 31, 2017, EJR lowered the foreign currency
unsecured debt rating on the Company to BB- from BB+ and the local
currency unsecured debt rating to BB- from BB.

Headquartered in Richardson, Texas, Fossil Group, Inc. is a global
design, marketing and distribution company that specializes in
consumer lifestyle and fashion accessories. Principal offerings
include an extensive line of men's and women's fashion watches and
jewelry sold under a diverse portfolio of proprietary and licensed
brands, handbags, small leather goods, accessories and clothing.
Revenues exceed $3.0 billion.


GABRIELS TOWING: Court OKs Sale of 3 Freightliners for $94,000
--------------------------------------------------------------
Judge Michael B. Kaplan of the U.S. Bankruptcy Court for the
District of New Jersey authorized Gabriels Towing & Recovery,
Inc.'s sale of three vehicles: (i) 2014 Freightliner MZ- VIN#
1FVACWDTOEHFR5483; (ii) 2014 Freightliner MZ- VIN#
3ALACWDT9EDFP7117; and (ii) 2014 Freightliner M2X- VIN#
1FVACWDT7EHFL8102 to Bayshore Ford Truck Sales, Inc. or its
designee for $94,000.

The sale will be free and clear of all liens claims and
encumbrances with valid liens attaching to the proceeds of sale.

The sale proceeds will be paid to Santander Bank and will be
applied against the respective loans secured by the vehicles.
Santander will deliver titles to the vehicles marked paid and will
cooperate with the Debtor to facilitate the sale of the vehicles

              About Gabriels Towing & Recovery

Gabriels Towing & Recovery, Inc., filed a Chapter 11 bankruptcy
petition (Bankr. D.N.J. Case No. 17-13489) on Feb. 23, 2017.
Joseph Casello, Esq.. at Collins, Vella & Casello, LLC, serves as
bankruptcy counsel.  The Debtor's assets and liabilities are both
below $1 million.


GASTAR EXPLORATION: Egan-Jones Hikes LC Unsec. Rating to CC
-----------------------------------------------------------
Egan-Jones Ratings Company on Aug. 31, 2017, raised the local
currency senior unsecured rating on debt issued by Gastar
Exploration Inc. to CC from C.

Gastar Exploration Inc., an independent energy company, engages in
the exploration, development, and production of oil, condensate,
natural gas, and natural gas liquids in the United States.


GAWK INC: Accumulated Losses Raise Going Concern Doubt
------------------------------------------------------
Gawk Incorporated filed with the U.S. Securities and Exchange
Commission its annual report on Form 10-K, disclosing a net loss of
$12.30 million on $5.64 million of revenue for the fiscal year
ended January 31, 2017, compared with a net loss of $6.74 million
on $1.33 million of revenue in 2016.

The Company's balance sheet at January 31, 2017, showed $3.09
million in total assets, $7.94 million in total liabilities, $16.00
million in series C convertible preferred stock, $2.10 million in
series D convertible preferred stock, and a total stockholders'
deficit of $22.95 million.

The Company has generated accumulated losses of approximately $26
million through January 31, 2017 and has insufficient working
capital and cash flows to support operations.  These factors raise
substantial doubt about its ability to continue as a going
concern.

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

                        https://is.gd/1ibt6d

                       About Gawk Incorporated

Gawk Incorporated offers a suite of cloud communications, cloud
connectivity, cloud computing, and managed cloud-based applications
solutions to businesses; and offers domestic and international
voice services for communications carriers worldwide.  The Company
is headquartered in Los Angeles.


GUIDED THERAPEUTICS: Incurs $2.4 Million Net Loss in Third Quarter
------------------------------------------------------------------
Guided Therapeutics, Inc., reported a net loss attributable to
common stockholders of $2.41 million on $33,000 of sales for the
three months ended Sept. 30, 2017, compared to a net loss
attributable to common stockholders of $390,000 on $95,000 of sales
for the same period during the prior year.

For the nine months ended Sept. 30, 2017, the Company reported a
net loss attributable to common stockholders of $3.76 million on
$137,000 of sales compared to a net loss attributable to common
stockholders of $2.90 million on $486,000 of sales for the nine
months ended Sept. 30, 2016.

The Company had $905,000 in total assets, $13.25 million in total
liabilities and a total stockholders' deficit of $12.34 million as
of Sept. 30, 2017.

Since its inception, the Company has raised capital through the
public and private sale of debt and equity, funding from
collaborative arrangements, and grants.  At Sept. 30, 2017, the
Company had cash of approximately $74,000 and a negative working
capital of approximately $10.6 million.

The Company's major cash flows for the quarter ended Sept. 30, 2017
consisted of cash out-flows of $481,000 from operations, including
approximately $3,545,000 of net loss, and a net change from
financing activities of $541,000, which primarily represented the
proceeds received from proceeds from debt financing.

On Aug. 18, 2017, the Company entered into a securities purchase
agreement with Power Up Lending Group Ltd., providing for the
purchase by Power Up from the Company of a convertible note in the
aggregate principal amount of $53,000.  The note bears an interest
rate of 12%, and is due and payable on May 19, 2018.  The note may
be converted by Power Up at any time after 180 days from issuance
into shares of its common stock at a conversion price equal to 58%
of the average of the lowest two-day trading prices of the common
stock during the 15 trading days prior to conversion.  The note may
be prepaid in accordance with its terms, at premiums ranging from
15% to 40%, depending on the time of prepayment.  The note contains
certain representations, warranties, covenants and events of
default, including if we are delinquent in the Company's periodic
report filings with the SEC, and provides for increases in
principal and interest in the event of such defaults.  On
Oct. 12, 2017, the Company issued an additional note to Power Up,
on substantially identical terms, in the aggregate principal amount
of $53,000, due and payable on July 20, 2018.

Guided Therapeutics said that, "We will be required to raise
additional funds through public or private financing, additional
collaborative relationships or other arrangements, as soon as
possible.  We cannot be certain that our existing and available
capital resources will be sufficient to satisfy our funding
requirements through the fourth quarter of 2017.  We are evaluating
various options to further reduce our cash requirements to operate
at a reduced rate, as well as options to raise additional funds,
including loans.

"Generally, substantial capital will be required to develop our
products, including completing product testing and clinical trials,
obtaining all required U.S. and foreign regulatory approvals and
clearances, and commencing and scaling up manufacturing and
marketing our products.  Any failure to obtain capital would have a
material adverse effect on our business, financial condition and
results of operations.  Based on discussions with our customers, we
expect to generate purchase orders for approximately $3 million to
$4 million in LuViva devices and disposables in 2017, and expect
those purchase orders to result in actual sales of $750,000 to $1
million in 2017, representing what we view as current demand for
our products.  We cannot be assured that we will generate all or
any of these additional purchase orders, or that existing orders
will not be canceled by the customers or that parts to build
product will be available to meet demand, such that existing orders
will result in actual sales.  Because we have a short history of
sales of our products, we cannot confidently predict future sales
of our products beyond this time frame, and cannot be assured of
any particular amount of sales.  Accordingly, we have not
identified any particular trends with regard to sales of our
products.  We currently do not have cash on hand sufficient to
build the inventory required to fill these orders, and material
delays in product deliveries could result in canceled orders."

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

                      https://is.gd/rrnKvW

                   About Guided Therapeutics
   
Guided Therapeutics, Inc. (OTC BB and OTC QB: GTHP) --
http://www.guidedinc.com/-- is developing a rapid and painless
test for the early detection of disease that leads to cervical
cancer.  The technology is designed to provide an objective result
at the point of care, thereby improving the management of cervical
disease.  Unlike Pap and HPV tests, the device does not require a
painful tissue sample and results are known immediately.  GT has
also entered into a partnership with Konica Minolta Opto to develop
a non-invasive test for Barrett's Esophagus using the LightTouch
technology platform.

Guided Therapeutics incurred a net loss attributable to common
stockholders of $4.99 million for the year ended Dec. 31, 2016,
compared to a net loss attributable to common stockholders of $9.50
million for the year ended Dec. 31, 2015.  

UHY LLP, in Sterling Heights, Michigan, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2016, citing that the Company's significant
operating losses raise substantial doubt about its ability to
continue as a going concern.


GYPSUM MANAGEMENT: S&P Raises CCR to 'BB-' on Reduced Leverage
--------------------------------------------------------------
S&P Global Ratings raised its corporate credit rating on Tucker,
Ga.-based Gypsum Management & Supply Inc. (GMS) to 'BB-' from 'B+'.
The outlook is stable.

S&P said, "At the same time, we raised the issue-level rating on
the company's first-lien term loan to 'BB-' (in line with the 'BB-'
corporate credit rating) from 'B+'. The recovery rating remains
unchanged at '3', which indicates our expectation of meaningful
(50%-70%; round estimate: 65%) recovery in the event of a payment
default.

"The upgrade of GMS reflects its recent positive operating
performance and reduced debt leverage over the past several
quarters, as well as our expectations that the company's
performance will show further improvement into 2018 due to
continued increases in U.S. housing starts, new construction, and
repair and remodeling spending. We forecast that the company's
credit metrics will improve in fiscal 2018, with sales growing
about 12%-14%, EBITDA margins remaining relatively stable at about
10%, and debt leverage declining to around 3x at year end.

"The stable outlook reflects our expectation that the company will
continue to improve credit measures over the next 12 months,
reducing debt to EBITDA to about 3x (from its current 3.4x) and
adjusted FFO to debt to the mid-20% area. We expect GMS will
continue to exhibit revenue and EBITDA growth over the next year
through the company's acquisition strategy and continued growth in
U.S. residential and nonresidential construction, as well as repair
and remodeling spending.

"Although we view a downgrade to be unlikely over the next 12
months, we could lower our rating on GMS if U.S. housing recovery
and commercial construction stalled, resulting in reduced demand
for GMS's products, depressed margins, and increased earnings
volatility driving adjusted debt to EBITDA leverage toward 4x.

"We view an upgrade over the next 12 months as unlikely absent a
transformational change in which GMS becomes a larger and much more
diverse company, with increased ability to maintain its current
credit measures through an economic or housing downturn. However,
we could consider an upgrade if the company sustained adjusted debt
to EBITDA leverage below 2.5x."


HOLLYWOOD ONE: Hott Buying Aberdeen Condo Unit 201 for $160K
------------------------------------------------------------
Hollywood One, LLC, asks the U.S. Bankruptcy Court for the Southern
District of Florida to authorize the sale of a residential
condominium unit located at 4806 Mantlewood Way, Unit 201,
Aberdeen, Maryland to Shirley Hott for $160,000.

The Debtor asks a hearing prior to proposed closing date of Dec.
15, 2017.

The Debtor is the owner of multiple parcels of undeveloped land and
two residential condominium units in Harford County, Maryland.  One
of the two residential condominium units is the Unit 201.  Unit 201
is valued by the Maryland state tax assessor at $145,000 and by the
website www.zillow.com at $170,000.

Fulton Bank holds a senior secured mortgage on the Maryland
Properties, including Unite 201.  According to its Proof of Claim,
the outstanding indebtedness on Fulton Bank's mortgage is
$1,608,761.  Fulton Bank has alleged that it holds additional
claims secured by the Maryland Properties which would bring the
total Fulton Bank debt to approximately $4.5 million dollars.

In July 2017, the Debtor sold a portion of the Maryland Properties
and paid down $471,475 of the Fulton Bank debt.  The Debtor has had
Unit 201 listed for sale for parts of 2015, 2016 and 2017.  

On July 6, 2017, the Court approved the Debtor's application to
employ Rita Quintero and the Regional Team of Keller Williams
American Premier Realty as a real estate broker to market and sell,
among other things, Unit 201.

On Nov. 16, 2017, the Debtor entered into the Residential Contract
of Sale to sell Unit 201 for $160,000 to the Buyer with $1,000
earnest money.  The Debtor proposes to sell Unit 201 to the Buyer
free and clear of all liens, claims, and encumbrances, with any
liens, claims and encumbrances to attach to the sale proceeds.  The
Contract sets a proposed closing date of Dec. 15, 2017.  The sale
be on an "as is, where is" basis without representations of any
kind, except as may be contained in the Contract.

The Debtor itemizes the proposed settlement and closing costs (not
including payments to Fulton Bank).  If approved, the Debtor
intends to utilize the funds from the proposed sale to further pay
down Fulton Bank's secured claim or in a manner agreed to by Fulton
Bank.  Any payments made to Fulton Bank pursuant to the sale are
without prejudice to the Debtor's right to object to Fulton Bank's
claim in this bankruptcy case.  It asks that it'd be authorized to
disburse the proceeds of the sale at closing as set forth,
including any real estate commissions.

A copy of the Contract and the list of Costs attached to the Motion
is available for free at:

      http://bankrupt.com/misc/Hollywood_One_129_Sales.pdf

In the present matter, sounds business reasons justify the sale of
Unit 201 to the Buyer, the most obvious of which is the fact that
the sale appears to be the best manner in which to pay down Fulton
Bank's secured claim and maximize value for the estate.  A sale
will also eliminate the costs of maintaining Unit 201, which is not
currently income producing.  Accordingly, it asks the Court to
approve the relief sought.

Depending on the Court's availability to conduct a hearing on the
Motion, the Debtor asks the Court to waive the 14-day stay if
necessary to be able to close on the sale to the Buyer as soon as
possible in order to comply with the Contract.

The Purchaser:

          Shirley Hott
          8546 Willow Oak Road
          Baltimore, MD 21234

                      About Hollywood One

Hollywood One LLC filed a Chapter 11 bankruptcy petition (Bankr.
S.D. Fla. Case No. 17-13739) on March 28, 2017, disclosing under $1
million in both assets and liabilities.  Suzy Tate, Esq., at Suzy
Tate, PA serves as bankruptcy counsel.

On July 6, 2017, the Court approved the Debtor's application to
employ Rita Quintero and the Regional Team of Keller Williams
American Premier Realty as a real estate broker.


HOSTESS HOLDCO: Moody's Rates New $994MM 1st Lien Term Loan B1
--------------------------------------------------------------
Moody's Investors Service has assigned a B1 rating to a new $994
million first lien term loan executed as of Nov. 20, 2017, by
Hostess Holdco, LLC and subsidiaries to replace a preexisting
first-lien term loan of the same amount. The rating on the previous
term loan has been withdrawn. All other Hostess ratings are
unaffected. The rating outlook remains stable.

The interest rate under the new term loan is 25 basis points lower
than under the previous term loan. The maturity date of August 22,
2022 is unchanged from the previous term loan.

Hostess Holdco, LLC :

Rating assigned:

$994 million first lien term loan due August 2022 at B1/LGD-4.

Rating withdrawn:

$994 million first lien term loan due August 2022 at B1/LGD-4.

Ratings unaffected:

Corporate Family Rating at B1;

Probability of Default Rating at B1-PD;

$100 million senior secured revolving credit facility due 2020 at
B1.

The rating outlook remains stable.

RATINGS RATIONALE

Hostess' B1 Corporate Family Rating reflects its modest financial
leverage (


HUMANIGEN INC: Maturity of $16M Credit Facility Extended to Dec. 1
------------------------------------------------------------------
Humanigen, Inc., obtained an extension from its lenders of the
maturity of the Company's obligations under the Credit and Security
Agreement dated Dec. 21, 2016, as amended on March 21, 2017 and on
July 8, 2017 with Black Horse Capital Master Fund Ltd., as
administrative agent and lender, Black Horse Capital LP, as a
lender, Cheval Holdings, Ltd., as a lender and Nomis Bay LTD, as a
lender.  As of Oct. 31, 2017, the aggregate amount of the Company's
obligations under the Credit Agreement, including accrued interest
and fees, approximated $16.1 million.

The extension agreed with the Lenders extends the maturity date of
the Company's obligations under the Credit Agreement to the earlier
of (i) Dec. 1, 2017, or (ii) the date that the Company consummates
one or more alternative transactions with the Lenders. Aside from
the extension of the Maturity Date, the extension did not modify
any of the terms under the Credit Agreement.

In a Form 8-K report filed with the Securities and Exchange
Commission, Humanigen stated that, "The Company does not have
access to sufficient funds to repay the outstanding obligations
under the Credit Agreement.  Accordingly, the Company has been
discussing and continues to discuss with its Lenders alternative
transactions that might result in the satisfaction of the Company's
obligations, including the possible conversion of the term loans
into equity of the Company, which might occur at a significant
discount to current market prices and be dilutive to the ownership
interests of existing stockholders.  There can be no assurances
that the Lenders will agree to continue discussing any such
alternative transactions or that the Company ultimately will be
able to reach agreement with such Lenders on the terms of any
alternative transaction.  Neither the delivery of the extension
extending the maturity date nor any action taken in connection
therewith will give rise to any obligation on the part of the
Lenders (i) to continue any discussions or negotiations with
respect to any potential alternative transactions, or (ii) to
pursue or enter into any transaction of any nature with the
Company.  No legal or equitable rights, responsibilities or duties
with respect to any potential alternative will be created by the
delivery of the extension or any action taken in connection with
the extension."

                     About Humanigen, Inc.

Formerly known as KaloBios Pharmaceuticals, Inc., Humanigen, Inc.,
(OTCQB: HGEN), -- http://www.humanigen.com/-- is a
biopharmaceutical company focused on advancing medicines for
patients with neglected and rare diseases through innovative,
accelerated business models. Lead compounds in the portfolio are
benznidazole for the potential treatment of Chagas disease in the
U.S., and the proprietary monoclonal antibodies, lenzilumab and
ifabotuzumab. Lenzilumab has potential for treatment of various
rare diseases, including hematologic cancers such as chronic
myelomonocytic leukemia (CMML) and juvenile myelomonocytic leukemia
(JMML).

KaloBios filed a voluntary petition for bankruptcy protection under
Chapter 11 of Title 11 of the United States Bankruptcy Code (Bankr.
D. Del. Case No. 15-12628) on Dec. 29, 2015. The Company was
represented by Eric D. Schwartz of Morris, Nichols, Arsht &
Tunnell. KaloBios emerged from Chapter 11 bankruptcy six months
later.

HORNE LLP, in Ridgeland, Mississippi, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2016, noting that the Company has recurring losses
from operations that raise substantial doubt about its ability to
continue as a going concern.

The Company reported a net loss of $27.01 million in 2016,
following a net loss of $35.37 million in 2015.  As of Sept. 30,
2017, Humanigen had $2.56 million in total assets, $24.14 million
in total liabilities and a total stockholders' deficit of $21.57
million.


HUMANIGEN INC: Two Directors Resign From Board
----------------------------------------------
Dale Chappell and Ezra Friedberg resigned from the Humanigen, Inc.
board of directors, effective Nov. 9, 2017.  According to a Form
8-K report filed with the Securities and Exchange Commossion, Dr.
Chappell's and Mr. Friedberg's resignations were not due to any
disagreement with the Company.  Dr. Chappell is an affiliate of
Black Horse Capital Master Fund Ltd., Black Horse Capital LP and
Cheval Holdings, Ltd., each of which is a term loan lender to the
Company.

                       About Humanigen, Inc.

Formerly known as KaloBios Pharmaceuticals, Inc., Humanigen, Inc.,
(OTCQB: HGEN), -- http://www.humanigen.com/-- is a
biopharmaceutical company focused on advancing medicines for
patients with neglected and rare diseases through innovative,
accelerated business models. Lead compounds in the portfolio are
benznidazole for the potential treatment of Chagas disease in the
U.S., and the proprietary monoclonal antibodies, lenzilumab and
ifabotuzumab. Lenzilumab has potential for treatment of various
rare diseases, including hematologic cancers such as chronic
myelomonocytic leukemia (CMML) and juvenile myelomonocytic leukemia
(JMML).

KaloBios filed a voluntary petition for bankruptcy protection under
Chapter 11 of Title 11 of the United States Bankruptcy Code (Bankr.
D. Del. Case No. 15-12628) on Dec. 29, 2015. The Company was
represented by Eric D. Schwartz of Morris, Nichols, Arsht &
Tunnell. KaloBios emerged from Chapter 11 bankruptcy six months
later.

HORNE LLP, in Ridgeland, Mississippi, issued a “going concern”
qualification on the consolidated financial statements for the year
ended Dec. 31, 2016, noting that the Company has recurring losses
from operations that raise substantial doubt about its ability to
continue as a going concern.

The Company reported a net loss of $27.01 million in 2016,
following a net loss of $35.37 million in 2015.  As of Sept. 30,
2017, Humanigen had $2.56 million in total assets, $24.14 million
in total liabilities and a total stockholders' deficit of $21.57
million.


ICTS INTERNATIONAL: Will Hold Its Annual Meeting on Dec. 19
-----------------------------------------------------------
ICTS International N.V. notified shareholders that an annual
general meeting will be held on Tuesday, Dec. 19, 2017, at 10:00
A.M. local time, at the offices of the Company, located at Walaardt
Sacréstraat, 425-5, 1117 BM Schiphol Oost, The Netherlands.

The agenda for the Annual Meeting, including proposals made by the
Supervisory Board and the Management Board, is as follows:

   1. Opening of the meeting by the Chairman of the Supervisory
      Board.

   2. Report by the Management Board on the course of business of
      the Company during the financial year 2016 with respect to
      the annual accounts of the financial year 2016.

   3. Report by the Supervisory Board with respect to the annual
      accounts of the financial year 2016.

   4. Report of the Audit Committee with respect to the annual
      accounts of the financial year 2016.

   5. Adoption of the English language to be used for the annual
      accounts and annual reports of the Company.

   6. Adoption of the annual accounts of the financial year 2016.

   7. Election of a Managing Director.

   8. Election of five Supervisory Directors.

   9. Ratification of appointment of independent auditors for the
      Company.

  10. Discharge from liability of the Management, Management Board

      and Supervisory Board.

  11. Questions.

  12. Adjournment.

Pursuant to the Articles of Association of the Company and
Netherlands law, copies of the annual accounts for the financial
year 2016, the annual report which includes the information
required pursuant to Section 2:392 of the Dutch Civil Code and the
report of the Supervisory Board are open for inspection by the
shareholders of the Company and other persons entitled to attend
meetings of shareholders at the offices of the Company at Walaardt
Sacréstraat, 425-5, 1117 BM Schiphol Oost, The Netherlands.

Shareholders may only exercise their shareholder rights for the
shares registered in their name on Nov. 17, 2017
the record date for the determination of shareholders entitled to
vote at the Annual Meeting.

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

                      https://is.gd/c5dHCJ

                    About ICTS International

ICTS International N.V. is a public limited liability company
organized under the laws of The Netherlands in 1992.  ICTS
specializes in the provision of aviation security and other
aviation services.  Following the taking of its aviation security
business in the United States by the TSA in 2002, ICTS, through its
subsidiary Huntleigh U.S.A. Corporation, engages primarily in
non-security related activities in the USA.  ICTS, through I-SEC
International Security B.V., supplies aviation security services at
airports in Europe and the Far East.  In addition, I-SEC
Technologies B.V. including its subsidiaries develops technological
systems and solutions for aviation and non-aviation security.
Visit www.icts-int.com for more information.

ICTS reported net income of US$2.34 million on US$255.6 million of
revenue for the year ended Dec. 31, 2016, compared to a net loss of
US$4.70 million on US$187.02 million of revenue for the year ended
Dec. 31, 2015.  As of Dec. 31, 2016, ICTS had US$47.15 million in
total assets, US$80.63 million in total liabilities and a US$33.47
million total shareholders' deficit.

                       *   *    *

This concludes the Troubled Company Reporter's coverage of ICTS
International until facts and circumstances, if any, emerge that
demonstrate financial or operational strain or difficulty at a
level sufficient to warrant renewed coverage.


ILD CORP: U.S. Trustee Unable to Appoint Committee
--------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of ILD Corp. as of Nov. 20,
according to a court docket.

                        About ILD Corp.

Founded in 1996, ILD Corp., formerly ILD Telecommunications, Inc.
-- http://www.ildteleservices.com-- is a payment processor for
online transactions between merchants and consumers of digital
goods and communications services. Through contractual
relationships with telecommunications companies, including AT&T and
Verizon, ILD enables approved merchants the ability to offer their
customers the option of billing products and services directly to a
home or business phone bill, providing a safer payment method for
consumers and expanding the potential customer base for
businesses.

Headquartered in Ponte Vedra, Florida, ILD has agreements with
virtually all local phone companies in North America, reaching in
excess of 150 million consumers and businesses across the
continent. ILD's customers include more than 200 service providers
including EarthLink, LiveDeal, Eversites, Juno, NetZero, People PC
and Privacy Guard.

ILD Corp. and its affiliates (Bankr. M.D. Fla. Lead Case No.
17-03506) filed for Chapter 11 bankruptcy protection on Sept. 29,
2017. The petitions were signed by Edward H. Brooks, executive
vice-president, chief financial officer. ILD Corp. estimated its
assets at between $1 million and $10 million and its liabilities at
between $10 million and $50 million.

Judge Paul M. Glenn presides over the case.

Jimmy D. Parrish, Esq., at Baker & Hostetler LLP, serves as the
Debtors' bankruptcy counsel.


IMH FINANCIAL: Posts $3 Million Net Income in Third Quarter
-----------------------------------------------------------
IMH Financial Corporation filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q reporting net income
attributable to common shareholders of $3.05 million on $650,000 of
total revenue for the three months ended Sept. 30, 2017, compared
to a net loss attributable to common shareholders of $6.08 million
on $1.02 million of total revenue for the same period during the
prior year.

For the nine months ended Sept. 30, 2017, the Company reported a
net loss attributable to common shareholders of $433,000 on $2.89
million of total revenue compared to a net loss attributable to
common shareholders of $17.59 million on $3.86 million of total
revenue for the nine months ended Sept. 30, 2016.

As of Sept. 30, 2017, IMH Financial had $98.45 million in total
assets, $23.85 million in total liabilities, $34.16 million in
redeemable convertible preferred stock, and $40.44 million in total
stockholders' equity.

As of Sept. 30, 2017, the Company's accumulated deficit aggregated
$675.6 million primarily as a result of previous provisions for
credit losses recorded relating to the decrease in the fair value
of the collateral securing its legacy loan portfolio and impairment
charges relating to the value of real estate owned assets acquired
primarily through foreclosure, as well as on-going net operating
losses resulting from the lack of income-producing assets, and the
high cost of its previous debt financing.  Beginning in 2008, the
Company experienced significant defaults and foreclosures in its
mortgage loan portfolio due primarily to the erosion of the U.S.
and global real estate and credit markets during those periods.  As
a result, since that time the Company has been focused on enforcing
its rights under its loan documents, working to repossess the
collateral properties underlying those loans for purposes of
disposing of or developing such assets, and pursuing recovery from
guarantors under those loans.

According to IMH Financial, "Our liquidity plan has included
obtaining additional financing, selling mortgage loans, and selling
the majority of our legacy real estate assets.  We secured various
financings between 2011 and 2016 which, along with proceeds from
asset sales, have been our primary sources of working capital.  In
February 2017, we sold our Sedona hotels, generating net cash of
$42.2 million after payment of expenses and related debt.

"As of September 30, 2017, we had (i) cash and cash equivalents of
$34.1 million and (ii) held for sale REO assets with a carrying
value of $15.3 million.  We continue to evaluate potential
disposition strategies for our remaining REO assets and to seek
additional sources of debt and equity for investment and working
capital purposes.

"We require liquidity and capital resources for new asset
acquisitions and for our general working capital needs, including
maintenance, development costs and capital expenditures for our
operating properties and non-operating REO assets, professional
fees, general and administrative operating costs, loan enforcement
costs, financing costs, debt service payments, dividends to our
preferred shareholders.  We expect our primary sources of liquidity
over the next twelve months to consist of our current cash,
mortgage loan interest income, revenues from ownership or
management of hotels, proceeds from borrowings and equity
issuances, and proceeds from the disposition of our existing loan
and REO assets held for sale.  We believe that our cash and cash
equivalents coupled with our operating and investing revenues, as
well as proceeds that we anticipate from the disposition of our
loans and real estate held for sale, and debt and equity financing
will be sufficient to allow us to fund our operations for a period
of at least one year from the date these condensed consolidated
financial statements are issued.

"While we have been successful in securing financing through
September 30, 2017 to provide adequate funding for working capital
purposes, which has been supplemented by proceeds from the sale of
certain REO assets, receipts of principal and interest on mortgage
and related investments, there is no assurance that we will be
successful in selling our remaining loan and REO assets in a timely
manner or in obtaining additional or replacement financing, if
needed, to sufficiently fund future operations, repay existing debt
or to implement our investment strategy.  Our failure to generate
sustainable earning assets and to successfully liquidate a
sufficient number of our loans and REO assets may have a material
adverse effect on our business, results of operations and financial
position."

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

                    https://is.gd/JDbD4O

                   About IMH Financial Corp

Scottsdale, Ariz.-based IMH Financial Corporation is a real estate
finance and Hospitality investment company based in Scottsdale,
Arizona, with extensive experience in various aspects of commercial
real estate lending and investment.  Since 2003, IMH has invested
over $1.4 billion in real estate projects in Arizona, California,
Nevada, Utah, Idaho, Minnesota, New Mexico, and Texas.  IMH's
primary expertise is in acquiring, financing, or developing
commercial, residential and hospitality real estate, primarily in
the southwestern United States, as well as the management of
several existing commercial operations.

IMH Financial reported a net loss attributable to common
shareholders of $12.25 million on $33.68 million of total revenue
for the year ended Dec. 31, 2016, compared to a net loss
attributable to common shareholders of $18.90 million on $32.49
million of total revenue for the year ended Dec. 31, 2015.


INDRA HOLDINGS: Moody's Lowers CFR to Caa3; Outlook Negative
------------------------------------------------------------
Moody's Investors Service downgraded the Corporate Family Rating
("CFR") and senior secured first-lien term loan rating for Indra
Holdings Corp., each to Caa3 from Caa2. The company's Caa2-PD
Probability of Default Rating ("PDR") was affirmed. The ratings
outlook is negative.

The downgrades reflect Moody's estimate of below average family
recovery rates in a potential event-of-default scenario as a result
of the company's earnings declines. The PDR affirmation, however,
incorporates the interim liquidity support provided by the recent
$20 million infusion of cash from the company's financial sponsor.

"While the sponsor cash infusion notably provides Totes with
capital to invest in marketing, supply chain optimization and other
strategic initiatives, the probability of deleveraging to a
sustainable level in a challenging apparel retail environment
remains low and Moody's forecast recovery rate has declined," said
Moody's analyst Raya Sokolyanska.

Moody's took the following rating actions for Indra Holdings
Corp.:

-- Corporate Family Rating, downgraded to Caa3 from Caa2;

-- Probability of Default Rating, affirmed Caa2-PD;

-- $245 million ($232 million outstanding) senior secured first-
    lien term loan due 2021, downgraded to Caa3 (LGD4) from Caa2
    (LGD4);

-- Ratings outlook, changed to negative from stable

RATINGS RATIONALE

The Caa3 CFR reflects Moody's view of the company's unsustainable
capital structure at current leverage levels, with a below-average
recovery expectation given an excessive debt burden and ongoing
declines in operating performance driven by market share losses,
promotional pressure and department store weakness. Moody's expects
debt/EBITDA to increase further from current levels of 13 times
(Moody's-adjusted as of FYE July 2017), which is equivalent to 11
times based on management adjusted EBITDA and gross debt. The
rating also reflects Moody's expectations that Totes will have a
weak liquidity profile in the next 12-18 months, including negative
free cash flow and limited revolver availability during peak
periods. However, the cash infusion and lack of near-term
maturities provide temporary liquidity support.

The rating benefits from the $20 million sponsor cash infusion to
enable investment in marketing, website redesign, supply chain
optimization and other strategic initiatives. The company's
fundamental value is supported by its low fashion risk, recognized
brands, and channel and geographic diversification.

The negative outlook reflects the heightened risk of default if
liquidity deteriorates as a result of further EBITDA and cash flow
declines.

The ratings could be downgraded if earnings or liquidity
deteriorate, or the probability of a default increases.

The ratings could be upgraded if the company meaningfully improves
its liquidity and generates sustained and solid earnings growth.

Based in Cincinnati, Ohio, Indra Holdings Corp. ("Totes") is an
international designer, marketer, and distributor of cold and wet
weather accessories, slippers, sandals, headwear with net revenues
of approximately $269 million for the fiscal year ended July 2017.
The company distributes umbrellas and related products primarily
under the "Totes" and "Raines" brands, cold-weather products
including gloves and hats under the "Isotoner," "Woolrich,"
"Manzella," "Grandoe" and "C9" brands, and slippers and sandals
under the "Isotoner" and "Acorn" brands, as well as private labels.
The company has been controlled by Freeman Spogli & Co. and
Investcorp since May 2014.

The principal methodology used in these ratings was Global Apparel
Companies published in May 2013.


JODY KEENER: Trustee Seeks to Sell Cedar Rapids Property for $180K
------------------------------------------------------------------
Renee K. Hanrahan, Chapter 11 Trustee of Jody L. Keener, asks the
United States Bankruptcy Court for the Northern District of Iowa to
authorize the sale of the Debtor's fee simple interest in the real
estate located at 3101 Blue Ridge Court NE, Cedar Rapids, Iowa, and
legally described as Lot 124, Applewood Mesa Seventh Addition to
Cedar Rapids, Iowa to Ron L. Rohrssen and Rebecca Watts for
$180,100.

On Schedule A of the Debtor's bankruptcy schedules filed July 28,
2014 at page 10, the Debtor lists a fee simple interest in the
Property.

The Trustee previously noticed the sale of the Property pursuant to
her First Motion to Sell Property Free and Clear of All Liens and
Encumbrances which the Court granted on June 5, 2017.  As set forth
in the Trustee's Status Report filed June 19, 2017, the sale was
terminated at the request of the buyers, and therefore, the
transaction and the Residential Real Estate Purchase Agreement
attached to the First Motion to Sell are null and void.

On Nov. 5, 2017, the Trustee received an offer to purchase the
property for $180,100, free and clear of all liens and
encumbrances.  The Trustee and the Buyer entered into the
Residential Real Estate Purchase Agreement.

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

    http://bankrupt.com/misc/Jody_Keener_962_Sales.pdf

Collins Community Credit Union ("CCCU") holds several mortgages on
the various parcels of real estate owned by the Debtor.  This
includes the Property.  The amount owed to CCCU exceeds the
proposed purchase price.

Super Wings International, Ltd. also holds an interest in the
Debtor's Property as a result of a judgment lien which stems from
the final judgment entered in the U.S. District Court for the
Northern District of Iowa in Case No. C09-115-JSS.  This lien is
inferior to the mortgages of CCCU on the real property in the
bankruptcy estate.

In the event the Court approves the Motion, the Trustee seeks
authority to pay: (i) real estate commissions; (ii) a proration of
all real estate taxes on the property at 3101 Blue Ridge Court NE
to the date of closing; (iii) all abstracting costs and other
customary sales expenses such as escrow closing services, document
preparation, and transfer taxes (if applicable); and (iv) the
remaining sums will be payable to CCCU in order to reduce the
balance owed to this creditor pursuant to the mortgages executed by
the Debtor in favor of CCCU.

Further, the Trustee asks authority to execute any and all deeds
and other transfer documentation as may be necessary to close the
real estate transaction described above.  This may include a
"Redemption Certificate" prepared by the Linn County Treasurer's
Office.  In the event this document is required, the estate agrees
to indemnify Linn County.

Pursuant to the Trustee's Second Motion to Sell Real Estate filed
June 30, 2017, and the Trustee's Third Motion to Sell Real Estate
filed August 1, 2017, and the orders approving same, the Trustee
has retained net sale proceeds with the consent of the creditors
secured by the real estate, CCCU and Super Wings.  The Trustee has
retained $36,161 pursuant to the First and Second Motions and 11
U.S.C. Section 506(c).  The Trustee has maintained the proceeds in
a segregated account in the Estate.  

The Estate has spent in excess of $37,000 on reasonable, necessary
costs and expenses of preserving the collateral of CCCU and Super
Wings.  The Trustee seeks to reimburse the Estate $36,161, for the
sums expended to preserve the secured creditors' collateral. Both
CCCU and Super Wings consent to this reimbursement.

Jody L. Keener filed a voluntary Chapter 11 bankruptcy (Bankr. Case
No. 14-01169, Bankr. N.D. Iowa) on July 28, 2014.  Renee K.
Hanrahan was appointed by the Court as the Chapter 11 Trustee for
the Debtor on April 6, 2017.  Jeffrey P. Taylor, Esq., at Klinger,
Robinson & Ford, L.L.P., serves as the Trustee's counsel.


JOEL LAZARO: Court Approves Appointment of J. Rund as Trustee
-------------------------------------------------------------
Judge Deborah J. Saltzman of the U.S. Bankruptcy Court for the
Central District of California approved the U.S. Trustee's
application for the appointment of Jason Rund as Chapter 11 Trustee
in the bankruptcy case of Joel V. Lazaro and Rosemarie B. Lazaro.

The Chapter 11 bankruptcy case is In re Joel Lazaro and Rosemarie
Lazaro (Bankr. C.D. Cal. Case No. 17-20226) filed on August 20,
2017. The Debtors are represented by Javier H Castillo, Esq. at
Castillo Law Firm.


KAPPA DEVELOPMENT: Seeks $25,000 in DIP Financing From Blackledge
-----------------------------------------------------------------
Kappa Development & General Contracting, Inc., seeks permission
from the U.S. Bankruptcy Court for the Southern District of
Mississippi to obtain $25,000 in post-petition financing from
Raymond "Randy" Blackledge.

Funds will repaid to Blackledge upon receipt of funds from the
three construction projects which the Debtor wishes to finish:

     1. City of Waveland Channel 44G-1
     2. City of Waveland Phase II and III
     3. Perry County Bridge

The Debtor has negotiated with one of its owners, Blackledge, in
good faith to supply certain DIP loans in order to maintain payroll
and to allow for compliance with some negotiated aspects of the
disputed construction contract with the City of Waveland that will
allow the Debtor to receive certain funds presently due and owing
from the City of Waveland.  The cost of performing the remaining
work to trigger these payments is shown, together with the
anticipated payments that would be received from the City of
Waveland and the Perry County Bridge Project.  This work must be
completed by Nov. 30, 2017, and therefore the Debtor requests that
the DIP financing motion be heard on an emergency basis.

Blackledge is willing to loan the sum of $25,000 to the Debtor to
allow payroll and to permit completion of these contract funds
conditioned upon his receiving a super-priority lien on any of the
contract proceeds until his loan has been repaid.  The Debtor is
asking for the Court to approve this DIP lending procedure to allow
it access to funds to pay for completion of the contracts and
receipt of monies thereunder.

As of the Petition Date, the Debtor is obligated to three
creditors, each of whom asserts claims to cash collateral and
contract proceeds belonging to the Debtor-in-Possession, The First,
Charter Bank and Hanover Insurance. This indebtedness is secured,
inter alia, by a lien upon all contract proceeds.

All amounts owing by the Debtor under the DIP Facility and by the
guarantors in respect thereof at all times will constitute allowed
super-priority administrative expense claims in the bankruptcy
cases, having priority over all administrative expenses of the kind
specified in Sections 503(b) and 507(b) of the Bankruptcy Code,
subject only to a carve-out for (i) professional fees incurred in
the bankruptcy cases approved by the Court and (ii) the payment of
fees pursuant to 28 U.S.C. Section 1930.

Closing Date is immediately upon approval and entry of the final
court order allowing Post-Petition Financing and authorizing the
Debtor to use the cash collateral created by the completion of the
construction projects to first repay the indebtedness to
Blackledge.

Non-default interest rate is 10% per annum.

Loan payments must be made immediately upon receipt of funds from
the various project owners, but in no event longer than 90 days
from the date of the loan.

The Debtors believe that the purported interest in the cash
collateral (which is non-existent at the present time) is
adequately protected by (1) the fact that absent the DIP loan by
Blackledge, funds will not be coming into the Debtor, and (2) after
the payment of the funds from the three existing contracts, the
case position of the Debtor will be increased even following the
payment by the Debtor of the super-priority lien granted to
Blackledge so that the position of the secured lenders will not be
harmed.

The Debtor believes that the secured creditors' purported interest
in the collateral is further adequately protected by the
anticipated cash revenues which will exceed the amount of the loan
from Blackledge.

The Debtor says that its rebuilding efforts and use of the DIP
funds should preserve and enhance the value of its overall business
without diminishing the value of the secured creditors' purported
interest in the pre-petition collateral.

As of the Petition Date, the aggregate outstanding amount of
principal and accrued interest owing to the secured creditors was
approximately $1.5 million.  The capitalized value of the
pre-petition collateral, as of the Petition Date, is approximately
$2.5 million.  It is estimated that under those capitalization
calculations, the addition of the additional tenant and the tenant
restructure which would be permitted by the use of the cash
collateral, together with the DIP financing which is the subject of
a separate motion, should increase the value of the center and the
secured lender's collateral by an additional $1 million to $1.5
million.

According to the Debtor, the DIP lending facility will provide
adequate protection to the secured creditor, preserve and maintain
the value of the collateral, and facilitate the Debtor's financial
rehabilitation.

A copy of the Debtors' request is available at:

          http://bankrupt.com/misc/mssb17-51155-133.pdf

       About Kappa Development & General Contracting, Inc.

Kappa Development & General Contracting, Inc., based in Gulfport,
Miss., filed a Chapter 11 petition (Bankr. S.D. Miss. Case No.
17-51155) on June 12, 2017. The Hon. Katharine M. Samson presides
over the case. Nicholas Van Wiser, Esq. at Byrd & Wiser, 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 Randy
Blacklidge, president.


LEO MOTORS: Reports US$2.9 Million Net Loss in Third Quarter
------------------------------------------------------------
Leo Motors, Inc. filed with the Securities and Exchange Commission
its quarterly report on Form 10-Q reporting a net loss of US$2.88
million on US$988,582 of revenues for the three months ended Sept.
30, 2017, compared to a net loss of US$1.62 million on US$792,037
of revenues for the three months ended Sept. 30, 2016.

For the nine months ended Sept. 30, 2017, Leo Motors recognized a
net loss of US$5.82 million on US$1.82 million of revenues compared
to a net loss of US$2.77 million on US$2.34 million of revenues for
the same period a year ago.

As of Sept. 30, 2017, Leo Motors had US$4.25 million in total
assets, US$9.91 million in total liabilities and a total deficit of
US$5.65 million.

Cost of revenues for the three months ended Sept. 30, 2017 and 2016
were US$783,186 and US$503,484, respectively.  Cost of revenues for
the nine months ended Sept. 30, 2017 and 2016 were US$1,574,605 and
US$1,484,572, respectively.

Operating expenses for the three months ended Sept. 30, 2017 and
2016 were US$1,076,492 and US$1,759,520, respectively.  Operating
expenses for the nine months ended Sept. 30, 2017 and 2016 were
US$4,160,535 and US$3,676,871, respectively.  The above expenses
include depreciation and amortization amounts of US$78,547 and
US$20,864 for the three months ended Sept. 30, 2017 and 2016,
respectively, and US$123,969 and US$66,286 for the nine months
ended Sept. 30, 2017 and 2016, respectively.

Other income (expense) was US$(2,013,997) and US$(153,212) for the
three months ending Sept. 30, 2017 and 2016 respectively.  Other
income (expense) was US$(1,907,170) and $41,151 for the three
months ending Sept. 30, 2017 and 2016 respectively.  The major
difference was the write off of goodwill in the third quarter of
2017 of US$2,613,486.  This category includes income and expense
from non-operational sources and the effects of currency
transaction gains or (losses).  The reason for the fluctuations in
the currency gains/losses is the change in valuation of the Korean
Won.

The non-controlling interest portion of the net loss for the three
months ended Sept. 30, 2017 and 2016 was US$(157,484) and
$(126,853), respectively.  The non-controlling interest portion of
the net loss for the nine months ended Sept. 30, 2017 and 2016 was
US$(744,960) and US$(86,890), respectively.

Comprehensive income (loss) includes the Company's net income
(loss) plus the unrealized currency translation gain (loss) for the
period.  For the three months ended Sept. 30, 2017 and 2016, the
Company recorded comprehensive gain or (loss) of US$(2,984,650) and
US$(1,830,133), respectively, which were made up of unrealized
losses on currency translation. For the nine months ended Sept. 30,
2017 and 2016, the Company recorded comprehensive gains or (losses)
of US$(5,854,974) and US$(2,806,417), respectively, which were made
up of unrealized losses on currency translation.

As of Sept. 30, 2017, the Company had a negative working capital of
US$(6,477,682), comprised of current assets of US$2,714,862 and
current liabilities of US$9,192,545.  This represents a decrease of
$2,208,807 from the working capital (deficit) maintained by the
Company of US$(4,268,875) as of Dec. 31, 2016.

Net cash provided by (used in) operations for the nine months ended
Sept. 30, 2017 was US$698,326 compared with US$(1,778,400) for the
nine months ended Sept. 30, 2016.

Net cash (used) in investing activities for the nine months ended
Sept. 30, 2017 and 2016 was US$(1,320,951) and US$(61,608),
respectively.

Net cash provided by financing activities for the nine months ended
Sept. 30, 2017 and 2016 was US$1,861,529 and US$3,093,970,
respectively.

The applicable portion of the earnings or loss attributable to
non-controlling interests is offset in this section.  In the nine
months ended Sept. 30, 2017 and 2016, the attributable portion to
non-controlling interests were US$(744,960) and US$(86,890)
respectively.

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

                    https://is.gd/TwcW3K

                      About Leo Motors

Leo Motors, Inc. -- http://www.leomotors.com/-- is a Nevada
Corporation incorporated on Sept. 8, 2004.  The Company established
a wholly-owned operating subsidiary in Korea named Leo Motors Co.
Ltd. on July 1, 2006.  Through Leozone, the Company is engaged in
the research and development (of multiple products, prototypes, and
conceptualizations based on proprietary, patented and patent
pending electric power generation, drive train and storage
technologies.  Leozone operates through four unincorporated
divisions: new product research & development, post R&D development
such as product testing, production, and sales.

Significant losses from operations have been incurred by the
Company since inception and there is an accumulated deficit of
$(29,776,217) as of Dec. 31, 2016.  Continuation as a going concern
is dependent upon attaining capital to achieve profitable
operations while maintaining current fixed expense levels.

DLL CPAs LLC issued a "going concern" qualification on the
consolidated financial statements for the year ended Dec. 31, 2016.
The auditors said the Company has suffered recurring losses from
operations and negative cash flows from operations the past two
years.  These factors raise substantial doubt about its ability to
continue as a going concern.

Leo Motors reported a net loss of US$6.41 million in 2016, a net
loss of US$4.49 million in 2015, and a net loss of US$4.48 million
in 2014.


LEWISTON SHOPPING: Seeks Additional Time to Sell Assets, File Plan
------------------------------------------------------------------
Greater Lewistown Shopping Plaza LP asks the U.S. Bankruptcy Court
for the Middle District of Pennsylvania to extend through January
19, 2018, the period within which it has the exclusive right to
file a Plan of Reorganization and Disclosure Statement, and to
extend for 60 days thereafter the exclusivity period for obtaining
Plan acceptances.

Pursuant to an order entered on October 12, 2017, extending the
exclusivity periods, the Debtor had until November 20 to file a
Plan and Disclosure Statement.

The Debtor tells the Court that it has already drafted a Plan and
Disclosure Statement and has submitted the same to counsel for the
first mortgage holder, MSCI 2006-IQ11 Logan Boulevard Limited
Partnership. In the meantime, the Debtor is continuing its
negotiations with Logan as to the terms and conditions of the Plan
and Disclosure Statement which are acceptable to Logan.

Moreover, the Debtor claims that it has secured a buyer for all of
its assets and the buyer has obtained financing for the purchase.
The Debtor anticipates filing a motion to approve the sale within
the next 10 business days.

Due to these pending issues, the Debtor believes that there is a
necessity of additional time for the Debtor to file a plan of
reorganization in case the proposed sale does not occur.

            About Greater Lewistown Shopping Plaza

Greater Lewistown Shopping Plaza LP sought protection under Chapter
11 of the Bankruptcy Code (Bankr. M.D. Pa. Case No. 17-00693) on
Feb. 23, 2017.  The petition was signed by Nicholas J Moraitis,
president, NJM Lewistown Properties, Inc., sole general partner of
Greater Lewistown Shopping Plaza, L.P.  The case is assigned to
Judge Robert N Opel II.  At the time of the filing, the Debtor
estimated assets and liabilities of $10 million to $50 million
each.  The Debtor is represented by Gary J Imblum, Esq., at Imblum
Law Offices, P.C.


LITE SOLAR: Seeks January 27 Plan Exclusivity Period Extension
--------------------------------------------------------------
Lite Solar Corp. requests the U.S. Bankruptcy Court for the Central
District of California to extend the exclusive period to file a
plan of reorganization for approximately 60 days to January 27,
2018, and the exclusive period to obtain acceptances to a Plan to
March 27, 2018.

This is the Debtor's third request for extension. The Debtor claims
that its case is fairly complex, involving millions of dollars in
claims litigation across various state and federal courts. Besides
trade debt and some tax debt, the Debtor has potential liabilities
relating to multiple state court cases (in California and Oregon)
which it is seeking to remove. The Debtor tells the Court that its
chapter 11 was precipitated by multiple state court actions, the
bulk of which surround a dispute with a former employee, Patrick
Schellerup, and his company, Kamana.

The Debtor sought removal of the Oregon Kamana litigation,
Adversary Case No. 2:16-ap-01352-BB, immediately following the
filing of the chapter 11 petition; and on August 3, 2016, the
Debtor commenced Adversary Case No. 2:16-ap-01349-BB against Kamana
O'Kala and Patrick Schellerup.

On October 9, 2017, Schellerup filed a Chapter 7 Petition for
Bankruptcy in the U.S. Bankruptcy Court for the District of Oregon,
under Case No. 17-33776-tmb7.

The Debtor notes that its case was filed July 27, 2016, and the
attendant delays thus far have been due to disputes over the
removal of the state court litigation and other matters attendant
to the multiple related lawsuits.  Rodolfo A. Camacho has been
appointed Chapter 7 Trustee over the Schellerup bankruptcy estate.
The bankruptcy schedules filed in the Schellerup Bankruptcy list
Kamana as an asset of the Schellerup bankruptcy estate.

The Debtor also relates that its former counsel in the Oregon
Kamana litigation, Slinde Nelson Stanford, filed a proof of claim,
Claim 1, for $79,096.64, and commenced an action against Ranbir
Sahni and David Luneke, claiming that those parties and the Debtor
are joint and severally liable for the same fees allegedly owed to
the former counsel.

In addition to the proceedings in the Schellerup Bankruptcy, the
Debtor is seeking a cost-effective way to provide the maintenance
for the solar projects and to read the meters and bill the property
owners.  The Debtor has contacted the land owners regarding the
solar projects and provided the land owners with a copy of the
Order re: Solar Projects. The  Debtor also has provided a copy of
the Amended Order re: Solar Projects to Portland General Electric
-- the Oregon utility that has been making payments to Schellerup
and Kamana on the solar projects, and has scheduled a conference
call with PGE on November 29, 2017.

The Debtor says a further extension of its exclusivity will allow
for continued discussions and, potentially, claims objections, and
allow it time to make progress in the ongoing litigation, so as to
proceed with reorganization without the interference (and expense)
of a competing chapter 11 plan.

While reorganization is in prospect, the Debtor asserts that there
have been delays while it sought removal of critical litigation to
the bankruptcy court, which the parties are now negotiating, after
such time litigation will then proceed. The Debtor claims that
negotiations with creditors are dependent upon the case removal and
litigation -- discovery in the adversary actions has not yet
expired and a trial date has not yet been set.

                   About Lite Solar Corp.

Lite Solar Corp., based in Long Beach, Calif., filed a Chapter 11
petition (Bankr. C.D. Calif. Case No. 16-19896) on July 27, 2016.
The Hon. Sheri Bluebond presides over the case. Leslie A. Cohen,
Esq. serves as bankruptcy counsel to the Debtor. The Debtor hired
Stephen Weaver, Esq., as special counsel.

The Debtor is a California corporation formed in 2009, in the
business of designing, constructing and installing photovoltaic and
thermal solar systems on private properties.

The Debtor's chapter 11 case was precipitated by multiple state
court actions (in California and Oregon), the bulk of which
surround a dispute with a former employee, Patrick Schellerup, and
his company, Kamana O'Kala LLC.

In its petition, the Debtor estimated $1 million to $10 million in
assets and liabilities. The petition was signed by Ranbir S. Sahni,
president.

To date, no committee, examiner or trustee has been appointed in
Debtor's case.


MASTEC INC: Egan-Jones Upgrades Sr. Unsecured Ratings to BB+
------------------------------------------------------------
Egan-Jones Ratings Company, on Sept. 1, 2017, upgraded the foreign
currency and local currency senior unsecured ratings on debt issued
by MasTec Inc. to BB+ from BB.

Mastec, Inc. is an American multinational infrastructure
engineering and construction company based in Coral Gables,
Florida.


MEDIMPACT HOLDINGS: Fitch Affirms BB- IDR; Outlook Remains Pos.
---------------------------------------------------------------
Fitch Ratings has affirmed the 'BB-' Issuer Default Rating (IDR) of
MedImpact Holdings, Inc. and its issuing subsidiary, MI OpCo
Holdings, Inc.

The Rating Outlook remains Positive. It reflects Fitch's
expectation that MedImpact will continue to generate steady free
cash flow and reduce gross leverage over the near term.

KEY RATING DRIVERS

Smaller Scale in Consolidated Industry: MedImpact is a one of the
largest PBMs based on claims processed but is significantly smaller
than its three largest competitors: Express Scripts, CVS-Caremark
and Optum Rx. Significant size differences are less pronounced than
revenues imply (due to differing accounting policies and varied
business mixes) but still meaningful in a largely consolidated
industry where scale is very important.

Independent Business Model: MedImpact's strategy is unique because
it does not compete with pharmacies directly for market share. That
approach could position the firm to win new business in the midst
of possible disruptive industry shifts in the 2017-2019 timeframe.
To the extent potential new customers continue to demand mail-order
and/or specialty pharmacy offerings from their PBMs, MedImpact may
be forced to develop its own mail-order operation to combat the
power of increasing consolidation among other PBMs, distributors
and retail drug store chains. The company has begun offering such
services through a network of pharmacies or other mail vendors.

Profitable, multi-year contracts: Due to multi-year contracts and
often diverse customer bases, PBMs usually have good insight into
future business wins/losses and associated cash flows. Although
stable and more than sufficient to cover term loan amortization,
absolute cash flow dollars are somewhat light compared with peers,
with FCF as a percentage of EBITDA expected to approximate 9.7% for
2017 (greater than 4.6% for its largest peer, Express Scripts).

Moderate Leverage to Decline: Term loan amortization and EBITDA
growth driven by moderate price expansion are expected to
contribute to de-leveraging over the ratings horizon. Gross
debt/EBITDA and adjusted debt/FFO are expected to decline to 1.8x
and 3.0x, respectively, by year-end 2018, from 2.3x and 3.5x at
year-end 2017. Debt leverage metrics are roughly in line with those
at its competitor Express Scripts, which is rated 'BBB'.

Private Ownership: MedImpact is 100% owned by its founder/CEO and a
small number of other management employees. However, Fitch does not
foresee adverse effects to operations or capital deployment as a
result because the CEO is well respected as an industry thought
leader and because capital deployed for share repurchases and
ultimate parent dividends has been relatively modest.

DERIVATION SUMMARY

MedImpact's 'BB-'/Positive IDR reflects the company's niche
position as one of the largest privately held PBMs and its
relatively small revenue base compared with the top three players:
Express Scripts ('BBB'), CVS-Caremark (owned by CVS Health-NR) and
Optum (owned by United Healthgroup, 'A'). The rating also reflects
increasing scrutiny from customers, pharmacies, regulators and
legislators about conflicts of interest and transparency about drug
pricing. MedImpact's leverage is relatively low for the 'BB'
category relative to EBITDA and free cash flow, but the company is
somewhat vulnerable to customer concentration. The company is also
able to operate with a certain amount of negative net working
capital because it generates significant cash flows in excess of
working capital deficits due to the multiyear nature of its
customer contracts. Unlike its larger competitors, MedImpact's
customer focus is regional managed care organizations, managed
Medicaid health plans and hospital systems. The recent loss of two
significant clients is expected to dampen revenue and EBITDA in
2017 resulting in Debt/EBITDA of approximately 2.25x as of Dec. 31,
2017. MedImpact does not have large fulfilment operations but is
expected to grow its mail-order and specialty drug distribution
through a network of pharmacies or other mail vendors. As a result,
its revenue base is smaller compared to larger, full-service PBMs.
The advantage of avoiding the fulfilment role of pharmacy
operations has been that MedImpact has not been in direct
competition with retail pharmacie,s and it has had greater leverage
in retail reimbursement negotiations, as well as less potential for
conflicts of interests with insurers. MedImpact and other PBMs like
Express Scripts are vulnerable to the risk of volatility in
customer contracts due to consolidation among both PBM and health
insurers. Consequently, Fitch expects MedImpact to continue to seek
growth through acquisitions, albeit of a relatively modest size.

KEY ASSUMPTIONS

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

-- Soft revenue growth in 2017 reflecting the loss of two key
    customers; customer retention of top 10 customers is assumed
    to be stable through 2020;
-- Significant revenue growth from expansion of MedImpact Direct
    and Specialty operations, albeit at low single digit margins;
-- Overall margins decline because of shift to lower-margin mail
    order operations, which report revenues on a gross basis
    compared to PBM operations that are reported on a net basis;
-- Similar capital expenditures since expansion of mail order
    operations does not include fulfilment;
-- Debt leverage of 2.3x at YE'2017 resulting from amortization
    offset by EBITDA loss of $40 million in 2017; improved cash
    flows in 2018 along with term loan amortization of $20 million

    and voluntary payments of $20 million resulting in forecasted
    Debt/EBITDA of 1.8x;
-- Gradual decrease in negative working capital to reflect
    shortening of contract duration;
-- No material M&A;
-- Dividends of $20 million to $25 million per year

RATING SENSITIVITIES

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

MedImpact's 'BB-' IDR considers the company's smaller scale,
somewhat light absolute cash flows, and lack of very large
customers, offset by relatively low debt leverage, sticky cash
flows, and the expectation of moderate growth. Future developments
that could, individually or collectively, contribute to the
consideration of an upgrade to 'BB' include:

-- Successful renewal of top customer contracts in 2017 and 2018
    (excluding two known lost contracts), with support for growth
    expectations from those existing customers;
-- The addition of new customers of size validating MedImpact's
    business strategy;
-- Successful implementation of MedImpact Direct for mail order
    and specialty pharmacy operations;
-- An expectation for gross debt/EBITDA and adjusted debt/FFO to
    be sustained around or below 2.0x and 3.0x, respectively.

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

Future developments that could, individually or collectively,
contribute to a revision in the Rating Outlook to Stable with a
'BB-' IDR or a rating downgrade to 'B+' include:

-- The loss of top PBM customers without replacement of lost
    revenue within 12 to 18 months;
-- Margin deterioration or a shift in capital allocation that
    pressures cash flows and/or liquidity in light of increasing
    term loan amortization payments;
-- A downgrade to 'B+' is more likely than a revision to the
    Outlook if there is an expectation for gross debt/EBITDA and
    adjusted debt/FFO to be sustained above 3x and 4x,
    respectively.

LIQUIDITY

Ample Liquidity, Stable Cash Flows: Cash on hand routinely outpaces
annual debt maturities. Liquidity is supported by stable cash
generation and negative working capital, both characteristic of the
PBM industry, and decently strong capital market access.

Reduced Interest Costs: The $400 million term loan borrowed in July
2016 carries an applicable margin of 225 bps, compared to 475 bps
under the previously negotiated term loan. The previous term loan
refinanced 10.5% unsecured notes.

Manageable Debt Maturities: MedImpact's only material debt
maturities over the next four years are term loan amortization
payments, approximated: $20 mil in 2017 and 2018, $25 mil in 2019,
and $35 mil in 2020.

The company has not had a revolving credit facility since 2014. All
unrestricted cash is considered 'readily available' by Fitch.

FULL LIST OF RATING ACTIONS

Fitch has affirmed the following ratings:
MedImpact Holdings, Inc.
-- Long-Term IDR at 'BB-'.

MI OpCo, Inc.
-- Long-Term IDR at 'BB-';
-- Senior secured term loan at 'BB+'/'RR1'.

The Rating Outlook is Positive.


NORTH AMERICAN LIFTING: S&P Lowers CCR to 'CCC' on Refinaning Risk
------------------------------------------------------------------
S&P Global Ratings lowered its corporate credit rating on North
American Lifting Holdings Inc. (NALH) to 'CCC' from 'CCC+'. The
outlook is negative.

At the same time, we lowered our issue-level ratings on the company
in line with the downgrade.

The downgrade reflects the increased refinancing risk associated
with the upcoming maturity of the company's revolving credit
facility, which matures in November 2018. NALH's persistently high
leverage since 2015, coupled with its less-than-adequate liquidity
profile and S&P's expectation for continued soft operating
conditions in 2018, leads S&P to believe that it may be difficult
for the company to refinance its revolving credit facility without
an unforeseen positive development in its operating performance or
additional financial support from its sponsor/management team.

S&P said, "The negative outlook on North American Lifting Holdings
reflects our belief that the company is facing a near-term
liquidity crisis given its high leverage, the limited headroom
under its covenants, and the pending maturity of its revolving
credit facility at the end of this month. Barring an unforeseen
positive development, we believe that the company will remain at
risk of violating its springing covenant and could pursue strategic
alternatives to refinance the outstanding balance on its credit
facility if its operating performance does not sufficiently improve
in the first half of 2018.

"We could lower our ratings on NALH if the company is unable to
successfully extend the maturity of its cash flow revolver or
increase the availability to avoid triggering the springing
covenant. We could also lower our ratings if it becomes apparent
that the company will struggle to meet its debt service
requirements. One or both of these events could lead us to conclude
that a default, distressed exchange, or redemption is inevitable.

"We could consider raising our ratings on NALH if its operating
performance improves and it is able to sustain this improvement, or
if we come to view its liquidity as sufficient for 2018 and beyond
(including refinancing of its revolving credit facility)."

North American Lifting Holdings operates in the competitive and
cyclical equipment rental market. S&P said, "Our simulated default
scenario contemplates a continued precipitous decline in oil and
natural gas prices, which significantly reduces the level of E&P
activity and leads to lengthy delays on maintenance projects. We
assume that the revolving credit facility is 25% drawn at
default."

S&P said, "In our default scenario, we also incorporate a
significant loss of market share due to increased competitive
pressures from other crane or equipment rental companies. In
addition, the company's highly leveraged financial risk profile
also limits its flexibility to cope with an unexpected and severe
operational decline, ultimately leading to a payment default in
2018.

"Under our scenario, the company's net asset value is approximately
$272 million. We believe this value would be sufficient to provide
meaningful (50%-70%; rounded estimate: 50%) recovery for the
first-lien lenders and negligible (0%-10%; rounded estimate: 0%)
recovery for the second-lien lenders in the event of a payment
default. The recovery ratings on North American Lifting Holdings'
first- and second-lien facilities reflect their senior positions in
the debt structure and relative priorities in lenders' claims in
the security package."

-- Default year: 2018
-- LIBOR at default is 2.5%; 25% usage on the existing revolving
credit facility given limited borrowing capacity before covenant
breach; and All debt has about six months of interest outstanding
at the point of default.
-- Net asset value: $272 million
-- Valuation split (obligors/nonobligors): 100%/0%
-- Value available to first-lien debt claims
(collateral/noncollateral): $258 million
-- Secured first-lien debt claims: $510 million
  --Recovery expectations: 50%-70% (rounded estimate: 50%)
-- Value available to second-lien debt claims
(collateral/noncollateral): Not applicable
-- Secured second-lien debt claims: $195 million
  --Recovery expectations: 0%-10% (rounded estimate: 0%)


NUVERRA ENVIRONMENTAL: Hires Moss Adams as New Accountants
----------------------------------------------------------
The audit committee of Nuverra Environmental Solutions, Inc.'s
board of directors approved the engagement of Moss Adams LLP as the
new independent registered public accounting firm for the Company
to audit the Company's financial statements for the fiscal year
ended Dec. 31, 2017.

Hein & Associates LLP, the independent registered public accounting
firm for Nuverra combined with Moss Adams LLP, and Hein's partners
and employees joined Moss Adams.  As a result of this combination,
on Nov. 16, 2017, Hein resigned as the Company's independent
registered public accounting firm.   In connection with the
engagement, Hein assigned its rights and responsibilities under its
agreement with the Company to Moss Adams and Moss Adams assumed
Hein's contractual rights and responsibilities pursuant to the same
terms as the Company’s agreement with Hein.

The audit report of Hein on the consolidated financial statements
of the Company and its subsidiaries for the year ended Dec. 31,
2016 did not contain an adverse opinion or a disclaimer of opinion,
nor were they qualified or modified as to uncertainty, scope, or
accounting principles, except that the audit report did include an
explanatory paragraph expressing substantial doubt regarding the
Company's ability to continue as a going concern.

According to Nuverra, during the most recent fiscal year ended Dec.
31, 2016 and through the subsequent interim period preceding Hein's
resignation, there were (i) no disagreements between the Company
and Hein on any matter of accounting principles or practices,
financial statement disclosure, or auditing scope or procedures,
which disagreements, if not resolved to the satisfaction of Hein,
would have caused Hein to make reference thereto in their reports
on the Company's financial statements for those periods, or (ii)
reportable events within the meaning set forth in Item 304(a)(1)(v)
of Regulation S-K.

During the most recent fiscal year ended Dec. 31, 2016 and through
the subsequent interim period preceding Moss Adam's engagement, the
Company did not consult with Moss Adams on either (i) the
application of accounting principles to a specified transaction,
either completed or proposed, or the type of audit opinion that may
be rendered on the Company's consolidated financial statements, and
Moss Adams did not provide either a written report or oral advise
to the Company that Moss Adams concluded was an important factor
considered by the Company in reaching a decision as to the
accounting, auditing or financial reporting issue.

                  About Nuverra Environmental

Nuverra Environmental Solutions, Inc. (OTCQB: NESC) --
http://www.nuverra.com-- provides environmental solutions to
customers focused on the development and ongoing production of oil
and natural gas from shale formations.  The Scottsdale,
Arizona-based Company operates in shale basins where customer
exploration and production activities are predominantly focused on
shale and natural gas.

As of Sept. 30, 2017, the Company had $350.45 million in total
assets, $77.07 million in total liabilities and $273.37 million in
total shareholders' equity.

Nuverra Environmental and its affiliates sought Chapter 11
protection (Bankr. D. Del. Lead Case No. 17-10949) on May 1, 2017.
The Hon. Kevin J. Carey presides over the cases.  

The Bankruptcy Court approved Nuverra Environmental Solutions'
Disclosure Statement and concurrently confirmed its Amended
Prepackaged Chapter 11 Plan of Reorganization on July 25, 2017.  On
Aug. 7, 2017, the Plan became effective pursuant to its terms and
the Company and its material subsidiaries emerged from the Chapter
11 cases.  

Shearman & Sterling LLP served as bankruptcy counsel to the
Debtors, with the engagement led by Fredric Sosnick, Esq., Sara
Coelho, Esq., and Stephen M. Blank, Esq.  Young Conaway Stargatt &
Taylor, LLP, and Shearman & Sterling LLP, served as the Debtors'
co-counsel.

AP Services, LLC, acted as the Debtors' restructuring advisor.
Lazard Freres & Co. LLC and Lazard Middle Market LLC served as the
investment banker.  Prime Clerk LLC served as the claims and
noticing agent.  On May 19, 2017, the U.S. Trustee appointed an
official committee of unsecured creditors.  As of July 2017, David
Hargreaves has resigned from the Committee.  Kilpatrick Townsend &
Stockton LLP served as counsel and Batuta Capital Advisors LLC as
financial advisor to the Committee.  Landis Rath & Cobb LLP served
as Delaware counsel.


OCALA PETROLEUM: Case Summary & 2 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: Ocala Petroleum, Inc.
        2711 W. Silver Springs Blvd
        Ocala, FL 34475

Business Description: Ocala Petroleum, Inc. is a privately held
                      company engaged in the real estate rental
                      business.  It is the fee simple owner of a
                      real property located at 2711 W. Silver
                      Springs Blvd. Ocala FL 34475.  The market
                      value of the total property (consisting of
                      retail store, site improvements, land, fuel
                      equipment, off-site improvements, and
                      indirect expenses) is $1.8 million.  The
                      company's gross revenue from rents in 2016
                      amounted to $144,000 and $122,000 in 2015.

Chapter 11 Petition Date: November 21, 2017

Case No.: 17-04039

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

Judge: Hon. Jerry A. Funk

Debtor's Counsel: Seldon J Childers, Esq.
                  CHILDERSLAW LLC
                  2135 N.W. 40th Terrace, Suite B
                  Gainesville, FL 32605
                  Tel: (866) 996-6104
                  Fax: (407) 209-3870
                  Email: jchilders@smartbizlaw.com

Total Assets: $1.8 million

Total Liabilities: $3.14 million

The petition was signed by Scott Mark Sherman, president.

A full-text copy of the petition containing, among other items,
a list of the Debtor's two largest unsecured creditors is
available for free at http://bankrupt.com/misc/flmb17-04039.pdf


ORTHO-CLINICAL DIAGNOSTICS: S&P Alters Outlook to Pos & Affirms CCR
-------------------------------------------------------------------
Laboratory instruments and diagnostic products company
Ortho-Clinical Diagnostics Bermuda Co. Ltd. (Ortho) has
successfully completed its separation from Johnson & Johnson,
alleviating S&P's concerns that the costly separation process may
have depleted the company's liquidity before the separation was
completed. A combination of lower-than-expected separation expense
and some incremental cost reduction initiatives has resulted in
modestly better operating performance in 2017 than S&P projected.

S&P Global Ratings, thus, affirmed its 'B-' corporate credit rating
on Ortho-Clinical Diagnostics Bermuda Co. Ltd. (Ortho) and revised
the outlook to positive from negative.

S&P said, "At the same time, we affirmed our 'B-' issue-level
rating on the company's senior secured debt. The recovery rating
remains '3', reflecting our expectation for meaningful (50%-70%,
65% rounded estimate) recovery in the event of default.

"We also affirmed our 'CCC' issue-level rating on the company's
senior unsecured notes. The recovery rating on this debt remains
'6', reflecting our expectation for negligible (0%-10%, rounded
estimate: 5%) recovery in the event of a payment default.

"Our affirmation of the 'B-' corporate credit rating is based on
our view that, despite recently improved performance and our
expectation that Ortho's credit measures will strengthen further in
2018, the company's track-record of improved operating performance
is relatively short and the magnitude of the projected turnaround
is quite large. We are projecting that Ortho's leverage will
improve to 7.7x in 2018 from 8.0x in 2017 and cash flow generation
will improve to a $60 million DCF in 2018 from a $70 million DCF
deficit in 2017, as the separation costs and transition capital
expenditures roll off and working capital management for the
recently integrated international operations becomes more
efficient.

"The positive outlook reflects the prospect that Ortho's credit
measures will further improve in 2018 after all separation costs
and transition capital expenditures roll off and working capital
management improves. At the same time, we note that the anticipated
improvement in 2018 credit measures may fall short of our
expectations, given the magnitude of the projected turnaround and
the company's relatively short track-record of improved cash flow
generation.

"Over the next year, we could raise the rating to 'B' if we develop
higher confidence that Ortho will meet our 2018 base-case
projections by reducing leverage to 7.7x and generating more than
$60 million in DCF. An upgrade would also be predicated on our
belief that the company can sustain its operating performance at
the improved level and remain on the delevering trajectory going
forward.

"We would revise the outlook if the company fails to achieve our
2018 base-case projections for a modest leverage improvement to
7.7x and cash flow generation in excess of $60 million. If Ortho
fails to sustain the recently achieved profitability improvement or
its working capital/capital expenditures needs are higher than
projected, resulting in DCF insufficient to cover the company's
annual debt amortization of around $50 million, we would revise the
outlook."


OWENS-ILLINOIS INC: Egan-Jones Cuts Sr. Unsec. Ratings to B+
------------------------------------------------------------
Egan-Jones Ratings Company on Sept. 1, 2017, lowered the foreign
currency and local currency senior unsecured ratings on debt issued
by Owens-Illinois Inc. to B+ from BB-.

Owens-Illinois Inc. is a Fortune 500 company that specializes in
container glass products.



PAUL J CROWE: Voluntary Chapter 11 Case Summary
-----------------------------------------------
Debtor: Paul J. Crowe Living Trust
        1107 Snowberry Street
        Park City, UT 84098

Type of Debtor: Trust

Chapter 11 Petition Date: November 21, 2017

Case No.: 17-30125

Court: United States Bankruptcy Court
       District of Utah (Salt Lake City)

Judge: Hon. Joel T. Marker

Debtor's Counsel: Michael L. Labertew, Esq.
                  LABERTEW & ASSOCIATES, LLC
                  1640 Creek Side Lane
                  Park City, UT 84098
                  Tel: 801-424-3555
                  Fax: 801-365-7314
                  Email: michael@labertewlaw.com

Estimated Assets: $1 million to $10 million

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

The petition was signed by Paul J. Crowe, trustee.

The Debtor failed to include a list of the names and addresses of
its 20 largest unsecured creditors together with the petition.

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

         http://bankrupt.com/misc/utb17-30125.pdf


PAUL NGUYEN: Gets Court OK to Sell Garden Grove Property for $992K
------------------------------------------------------------------
Judge Scott C. Clarkson of the U.S. Bankruptcy Court for the
Central District of California has authorized Paul Chieu Nguyen to
sell a real property commonly known as 10552 Trask Avenue, Garden
Grove, California to Antonio B. Alves or his assignee for $992,500,
on an "as is, where is" basis.

The Court directs the Debtor to: (a) pay a 4.5% broker's commission
to his broker (in the amount of $44,663), real property taxes,
general and special taxes and assessments, and any fees and costs
of the Sale chargeable to the Estate from the Sale proceeds; (b)
withhold and remit all estimated state income taxes arising from
the Sale; (c) pay via wire transfer directly from escrow to
SulmeyerKupetz, A Professional Corp., the amounts owing for SK's
administrative claim, in accordance with the Court's: (i) Order
Confirming Debtors' First Amended Joint Chapter 11 Plan of
Reorganization (As Modified Nov. 4, 2016); and (ii) Order Approving
First and Final Application of SulmeyerKupetz, A Professional
Corporation, Bankruptcy Counsel to the Jointly Administered Debtors
In Possession, For Allowance and Payment of Fees and Expenses, for
all fees and costs approved pursuant to the Final Fee Order; and
(d) pay SK, via wire transfer directly from escrow, all fees and
costs incurred post-Effective Date through and including close of
escrow on the Property, to the extent there are remaining sale
proceeds from the Property after payment in full of the foregoing
claims.

The Escrow is authorized and directed to distribute payment of all
remaining net proceeds, after payment of the foregoing liens,
claims, and interests, via wire transfer directly from escrow to
SK's client trust account, to assist Kirk Nguyen, the designated
disbursing agent under the Joint Plan, to distribute the net sale
proceeds to all remaining creditors in accordance with the Joint
Plan and Confirmation Order and thereafter to distribute any
surplus to the Debtor.

                     About Paul Chieu Nguyen

Paul Chieu Nguyen sought Chapter 11 protection (Bankr. C.D. Cal.
Case No. 16-11619) on April 15, 2016.  The Debtor estimated assets
and liabilities of $1,000,001 to $10 million.  The Debtor tapped
David S Kupetz, Esq., at Sulmeyer Kupetz, as counsel.

On May 23, 2016, the Court entered an Order authorizing the joint
administration of the Debtor's case with the related case of Trask
Developers, LLC, bearing Case No. 16-11621.  The Debtor's case has
been designated as the lead case.

On May 23, 2016, the Court appointed Voit Real Estate Services as
Broker.

On Dec. 19, 2016, the Court confirmed the Debtors' the Joint Plan.


PAYLESS SHOESOURCE: Outlines Several Key Initiatives
----------------------------------------------------
Payless ShoeSource on Nov. 16, 2017, outlined several key
initiatives as part of the Company's ongoing transformation.

These actions will increase efficiencies across operations and
allow Payless to reprioritize the business to focus on the
customer, accelerate and expand its e-commerce business, and invest
in future growth -- including expanding the Company's domestic and
international footprint.

As part of an initiative to redesign its organizational structure
and better align resources, the Company is streamlining its
corporate headquarters.  This will enable Payless to modernize its
approach to serving its customer in a continuously changing retail
environment.

Martin R. Wade, III, Interim Chief Executive Officer and Chairman
of Payless, said, "We are one of the few retailers that has
successfully emerged from bankruptcy in what continues to be a
challenging year for the industry.  The in-court restructuring
moved at an accelerated pace as a result of Payless' agreements
with creditors.  The Chapter 11 process enabled the company to
significantly reduce debt and create a solid foundation for growth.
We must challenge ourselves every day to ensure we take advantage
of this fresh start."

Wade continued, "In just a few short months, we have made exciting
progress to propel the iconic Payless brand forward and return the
customer to the center of our business.  To better connect with our
customers, we are piloting a new pricing strategy and have launched
Hispanic marketing in the U.S., helping us reach an important and
currently under-served portion of our customer base. We have
brought in a new Chief Strategy Officer and identified strong
talent within the organization leading to several promotions,
including our new Chief Financial Officer.  We will continue to
drive change and earn our customers' loyalty by providing great,
quality styles for the whole family at an exceptional value."

                     About Payless Holdings

Payless Holdings LLC and its subsidiaries sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. E.D. Mo. Lead Case No.
17-42267) on April 4, 2017.  The petitions were signed by Paul J.
Jones, chief executive officer.   At the time of the filing, the
Debtors estimated their assets at $500 million to $1 billion and
liabilities at $1 billion to $10 billion.   

Payless -- http://www.payless.com/-- was founded in 1956 as an
everyday footwear retailer.  The Company is headquartered in
Topeka, Kansas, but its operations span across Asia, the Middle
East, Latin America, Europe, and the United States.  Payless first
traded publicly in 1962, and was taken private in May 2012. Payless
Holdings, LLC currently owns, directly or indirectly, each of its
91 subsidiaries.

As of the bankruptcy filing, Payless had more than 4,000 stores in
more than 30 countries, and employed approximately 22,000 people.
In April 2017, it sought court approval to close an initial 389
stores.  In May it sought court approval to close 408 more stores
but later reduced the list to 216 stores.

The Debtors hired Alvarez & Marsal North America LLC as
restructuring advisor; Prime Clerk LLC as claims, balloting and
administrative agent; and Osler, Hoskin & Harcourt LLP as CCAA
counsel.

On April 14, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  The unsecured creditors
committee has tapped Pachulski Stang Ziehl & Jones LLP as lead
counsel to the Committee, Polsinelli PC as its local counsel, and
Province Inc. as financial advisor.  The committee has retained
Back Bay Management Corp. and its division The Michael-Shaked Group
as expert consultant.

On April 25, 2017, the Debtors filed a disclosure statement, which
explains its proposed Chapter 11 plan of reorganization.  The
Debtors' plan, if confirmed and implemented, would reduce their
debt to $469 million.


POMEROY GROUP: S&P Cuts CCR to 'B-' on Weak Operating Performance
-----------------------------------------------------------------
U.S. IT outsourcing services provider Pomeroy Group Holdings
(Pomeroy) reported weak organic operating performance for the
quarter ended Sept. 30, 2017, and we expect subdued operating
performance to persist in the fourth quarter of 2017.

The company's net leverage financial maintenance covenant steps
down to 5.0x maximum total net leverage in the quarter ending June
30, 2018, which we expect will constrict covenant cushion with only
marginal flexibility.

S&P Global Ratings lowered its corporate credit rating on Hebron,
Ky.-based Pomeroy Group Holdings to 'B-' from 'B'. The outlook is
negative.

S&P said, "At the same time, we lowered the issue-level rating on
the company's first-lien debt to 'B-' from 'B'. The recovery rating
remains '3', indicating our expectation of meaningful recovery (50%
to 70%; rounded estimate: 60%) in the event of a payment default.

"In addition, we lowered the issue-level rating on Pomeroy's
second-lien debt to 'CCC' from 'CCC+'. The recovery rating remains
'6', indicating our expectation of negligible recovery (0% to 10%;
rounded estimate: 0%) in the event of a payment default.

"The downgrade and negative outlook reflect Pomeroy's persistently
high leverage, narrowing covenant cushion, and our view that
operating performance will likely remain challenged over the near
term.

"The negative outlook reflects Pomeroy's narrowing covenant
cushion, recent weak operating performance, and high leverage. Over
the next 12 months we expect low-single-digit organic revenue
growth, moderate margin expansion due to lower operating expenses,
and modest free operating cash flow generation. We anticipate
adjusted leverage of around 7x over the next 12 months as the
company modestly deleverages through EBITDA growth and required
debt amortization payments.

"We could lower the rating over the next 12 months if covenant
cushion declines to the low-single-digit percentage range, the
company has sustained negative free operating cash flow, or if we
consider the capital structure to be unsustainable. This would most
likely result from continuing declines in the recurring managed
services segment, the loss of customers, and deterioration of
margins.

"Over the next 12 month period we could revise the outlook back to
stable if Pomeroy Group Holdings financial maintenance covenant
cushion improves and sustains above 10% even after step downs, and
the company has sustained positive free operating cash flow greater
than $10 million. This would most likely result from the
stabilizing of the business and completion of restructuring such
that revenue growth leads to EBITDA growth."



PORTRAIT INNOVATIONS: Plan Confirmation Hearing Set for December 7
------------------------------------------------------------------
The U.S. Bankruptcy Court for the Western District of North
Carolina will hold a hearing on Dec. 7, 2017, at 9:30 a.m.
(Prevailing Eastern Time), at 401 West Trade Street, Courtroom 1-4,
Charlotte, North Carolina, to consider confirmation of the joint
Chapter 11 plan of reorganization of Portrait Innovations Inc. and
its debtor-affiliates.  Objections, if  any, are due no later than
5:00 p.m. (Prevailing Eastern Time) on Nov. 30, 2017.

The Restructuring Support Agreement binds the Debtors and the
Noteholders to support the Restructuring Transaction, which
consists of (A) the conveyance of all of the Debtors' Assets to the
Reorganized Company on the Effective Date, (B) the sale of the New
Shares in the Reorganized Company to (1) the Winning Bidder at the
Auction or (2) if no potential buyers participate in the Auction,
to the Noteholders in exchange for the Plan Consideration.

Specifically, on the Effective Date of the Plan, substantially all
of Portrait Innovations Inc.'s assets would be transferred to the
Reorganized Company, and the Winning Bidder at the Auction, or, if
no Auction is held, the Noteholders, would acquire 100% of the
equity of the Reorganized Company. Under the Bidding Procedures,
the Debtors, with the assistance of their financial advisors, Piper
Jaffray, will solicit higher and better bids for the equity of the
Reorganized Company, and the Debtors will hold a court-supervised
Auction for the equity of the Reorganized Company if the Debtors
receive more than one Qualified Bid.

Holders of general unsecured claims are impaired and are expected
to recover 3-8% of their total allowed claims.  Each holder of
Allowed General Unsecured Claim shall receive, on the Effective
Date each holder's pro rata share of the Cash available for
distribution from the GUC Fund. GUC Fund will be an amount equal to
$925,000 less the any amounts funded under the DIP Facility prior
to the Effective Date in connection to Professional Fee Claims of
Professionals employed by the Committee.

Deadline to vote to accept or reject the Debtors' Chapter 11 Plan
is set for Nov. 30, 2017, at 5:00 p.m. (Prevailing Eastern Time).

On Oct. 16, 2017, the Court approved the adequacy of the Debtors'
disclosure statement explaining their Chapter 11 Plan.

A full-text copy of the Disclosure Statement dated October 13,
2017, is available at:

     http://bankrupt.com/misc/ncwb17-31455-192.pdf

                   About Portrait Innovations

Based in Charlotte, North Carolina, Portrait Innovations Inc. --
http://www.portraitinnovations.com/-- provides in-studio  
photography sessions to consumers on both a walk-in and appointment
basis.  The Company offers a variety of portrait packages and other
products such as canvases, mugs, calendars and holiday cards to its
customers after the session's completion, as well as through its
online portal, http://www.portraits.com/ As of Sept. 1, 2017,  
Portrait operated more than 119 studios in 31 states.

On Sept. 1, 2017, Portrait Innovations, Inc. and parent Portrait
Innovations Holding Company filed voluntary petitions under the
provisions of Chapter 11 of the United States Bankruptcy Code
(Bankr. W.D.N.C. Lead Case No. 17-31455).  The petitions were
signed by John Grosso, president and chief executive officer.  Each
of the Debtors estimated assets and debt of $10 million to $50
million.

The Hon. Craig J. Whitley is the case judge.

Rayburn Cooper & Durham, P.A., serves as counsel to the Debtors.
The Debtors hired Troutman Sanders LLP as special counsel; The
Finley Group as financial advisor; Piper Jaffray & Co. as
investment banker; and Hilco Real Estate, LLC as real estate
advisor.  Rust Consulting/Omni Bankruptcy is the claims and
noticing agent.

On September 20, 2017, the court ordered the appointment of an
official committee of unsecured creditors.  The Committee proposed
to hire Kelley Drye & Warren LLP as its lead bankruptcy counsel;
and Hull & Chandler, P.A. as its local counsel.


PRECIPIO INC: Reports $10.1 Million Net Loss for Third Quarter
--------------------------------------------------------------
Precipio, Inc. filed with the Securities and Exchange Commission
its quarterly report on Form 10-Q reporting a net loss available to
common stockholders of $10.12 million on $270,000 of net sales for
the three months ended Sept. 30, 2017, compared to a net loss
available to common stockholders of $499,000 on $365,000 of net
sales for the three months ended Sept. 30, 2016.

Precipio reported a net loss available to common stockholders of
$19.81 million on $778,000 of net sales for the nine months ended
Sept. 30, 2017, compared to a net loss available to common
stockholders of $3.10 million on $1.40 million of net sales for the
same period a year ago.

As of Sept. 30, 2017, Precipio had $34.97 million in total assets,
$14.57 million in total liabilities and $20.40 million in total
stockholders' equity.

According to Precipio, "We have incurred substantial operating
losses and have used cash in our operating activities for the past
several years.  As of September 30, 2017, we had a net loss of
$10.7 million and negative working capital of $12.6 million.  Our
ability to continue as a going concern is dependent upon a
combination of achieving our business plan, including generating
additional revenue, and raising additional financing to meet our
debt obligations and paying liabilities arising from normal
business operations when they come due."

Cash and cash equivalents increased by $0.3 million during the nine
months ended Sept. 30, 2017, compared to a decrease of $0.2 million
during the nine months ended Sept. 30, 2016.

The cash flows used in operating activities of $4.5 million during
the nine months ended Sept. 30, 2017 included a net loss of $10.7
million, a decrease in accrued expenses and other liabilities of
$1.1 million and an increase in accounts receivable of $0.1
million.  These were partially offset by an increase in accounts
payable of $0.5 million and non-cash adjustments of $5.9 million.
The cash flows used in operating activities in the first nine
months of 2016 included the net loss of $1.3 million and an
increase in accounts receivable of $0.3 million.  These were
partially offset by an increase in accounts payable, accrued
expenses and other liabilities of $0.5 million and non-cash
adjustments of $0.5 million.

Cash flows provided by investing activities were $0.1 million and
zero for the nine months ended Sept. 30, 2017 and 2016,
respectively. The $0.1 million for the nine months ended Sept. 30,
2017 was cash acquired as part of the merger transaction.

Cash flows provided by financing activities totaled $4.7 million
for the nine months ended Sept. 30, 2017, which included proceeds
of $0.3 million from the issuance of senior notes, $1.4 million
from the issuance of convertible notes and $5.4 million from the
issuance of preferred stock.  These proceeds were partially offset
by payments on our long-term debt of $0.8 million, payments on our
convertible bridge notes of $1.5 million, and payments of capital
lease obligations and deferred financing costs of $0.1 million.
Cash flows provided by financing activities during the nine months
ended Sept. 30, 2016 included proceeds of $0.6 million from the
issuance of convertible notes and other debt partially offset by
$0.1 million of payments on the Company's debt, capital lease
obligations and for deferred financing costs.

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

                     https://is.gd/WjCFJT

                         About Precipio

Precipio, Inc., formerly known as Transgenomic, Inc., has built a
platform designed to eradicate the problem of misdiagnosis by
harnessing the intellect, expertise and technology developed within
academic institutions and delivering quality diagnostic information
to physicians and their patients worldwide.  Through its
collaborations with world-class academic institutions specializing
in cancer research, diagnostics and treatment, initially the Yale
School of Medicine, Precipio offers a new standard of diagnostic
accuracy enabling the highest level of patient care.  For more
information, please visit www.precipiodx.com.

Transgenomic reported a net loss available to common stockholders
of $8 million on $1.55 million of net sales for the year ended Dec.
31, 2016, compared with a net loss available to common stockholders
of $34.27 million on $1.92 million of net sales for the year ended
Dec. 31, 2015.

Marcum LLP, in Hartford, CT, issued a "going concern" qualification
on the consolidated financial statements for the year ended Dec.
31, 2016, stating that the Company has incurred operating losses
and used cash for operating activities for the past several years.
This raises substantial doubt about the Company's ability to
continue as a going concern.


PREMIER SOUTHBRIDGE: Southbridge Plaza Up for Auction Dec. 8
------------------------------------------------------------
David L. Lingerfelt, Esq., and Stephen E. Scarce, Esq., as
Substitute Trustees, will offer the Southbridge Plaza in Dumfries,
Virginia, for sale at public auction at the front entrance of the
Prince William County Judicial Center located at 9311 Lee Avenue,
Manassas, Virginia 20110 on Friday, Dec. 8, 2017, at 11:30 a.m.

The property consists of the land, and all improvements thereon,
including two buildings located thereon, and all other rights,
easements and appurtenances benefiting and\or burdening the
Property.  The property is located at:

     Southbridge Plaza
     17165, 17171 and 17247 Wayside Drive
     Dumfries, VA 22026

The Trustee will only accept an all cash bid.

However, the holder of the note secured by the Deed of Trust
executed by Premier Southbridge, LLC, a Delaware limited liability
company, as successor-in-interest to Southbridge Commercial
Property LLC (the "Borrower"), is entitled to apply any of the debt
secured by the Deed of Trust as a credit to the successful bid for
the Property.

To participate in the bidding for the Property, a deposit in the
amount of $300,000, in cash or a certified or cashier's check
payable (or endorsed) to either of the Substitute Trustees, will be
required at the date of sale (other than from the Noteholder).  The
balance of the Sales Price shall be paid in cash, wired funds or by
certified or cashier's check, at settlement, to be held no later
than 21 days after the Date of Sale at the office of the Substitute
Trustees.

The substitute trustees may be reached at:

     David L. Lingerfelt, Esq.
     Substitute Trustees
     c/o Setliff & Holland
     4940 Dominion Boulevard
     Glen Allen, VA 23060
     Telephone: 804-377-1277

          - and -

     Stephen E. Scarce, Esq.
     Substitute Trustee
     c/o Parker Pollard Wilton & Peaden, P.C.
     6802 Paragon Place, Suite 300
     Richmond, VA 23230
     Telephone: 804-261-7308

For information contact:

     Matthew P. Rash, Esq.
     McGuireWoods LLP
     800 East Canal Street
     Richmond, VA 23219
     Telephone: (804) 775-4300


PURADYN FILTER: Incurs $294,000 Net Loss in Third Quarter
---------------------------------------------------------
Puradyn Filter Technologies Incorporated filed with the Securities
and Exchange Commission its quarterly report on Form 10-Q
disclosing a net loss of $294,339 on $515,846 of net sales for the
three months ended Sept. 30, 2017, compared to a net loss of
$376,433 on $438,263 of net sales for the three months ended Sept.
30, 2016.

For the nine months ended Sept. 30, 2017, the Company reported a
net loss of $852,908 on $1.78 million of net sales compared to a
net loss of $1.09 million on $1.45 million of net sales for the
same period a year ago.

Puradyn Filter reported a net loss of $1.44 million on $1.94
million of net sales for the year ended Dec. 31, 2016, compared to
a net loss of $1.44 million on $1.97 million of net sales for the
year ended Dec. 31, 2015.

As of Sept. 30, 2017, Puradyn Filter had $1.30 million in total
assets, $9.85 million in total liabilities and a total
stockholders' deficit of $8.55 million.

According to the Company, "While our revenues increased in the
three and nine months ended September 30, 2017 from the comparable
period in 2016, our revenues remain insufficient to fund our
operating expenses despite our efforts to reduce certain overhead
costs.  We rely almost exclusively on loans from our Chief
Executive Officer to pay our operating expenses, including the
purchase of raw materials, payment of salaries and general overhead
expenses.  Our liquidity issues are also adversely impacting our
ability to ship product in a timely fashion."

During the nine months ended Sept. 30, 2017, the Company borrowed
an additional $575,000 from Joseph V. Vittoria, which included
$135,000 during the third quarter of 2017, and at September 30,
2017, the Company owed Mr. Vittoria $7,688,349, which represented
approximately 78% of its total liabilities.  Subsequent to  Sept.
30, 2017, Mr. Vittoria has advanced the Company an additional
$80,000 in working capital funding.  

The Company added that, "Despite his significant commitment to us
over the years, our Chief Executive Officer has advised us he is no
longer able to advance funds to us for working capital.  In
addition, the amounts we owe him are due at December 31, 2018 and
we do not have sufficient funds to repay these unsecured
obligations.

"We also owe certain of our employees $1,594,283 in deferred cash
compensation at September 30, 2017, which represents 15% of our
current liabilities on that date.  Since 2005, Messrs. Sandler and
Kroger, two of our executive officers, and two other employees,
elected to defer a portion of the compensation due them to assist
us in managing our cash flow and working capital needs.  As there
is no written agreement with these employees which memorializes the
terms of salary deferral, only a voluntary election to do so, it is
possible that the employees could demand payment in full at any
time.  We do not have the funds to pay these amounts.  As of
September 30, 2017, one employee has withdrawn the full amount of
deferred pay, and one other employee is currently drawing down a
specified amount to offset the total deferred amount.  Neither of
these employees are executive officers.

"We do not have any external sources of liquidity, and without
outside financing, our working capital is not sufficient to fund
our business.  The inability of our Chief Executive Officer to
continue to advance funds to us at historic levels is beginning to
have a material impact on our ability to continue our business and
operations.  Our historic efforts during the past several years at
raising third party capital have been unsuccessful, and there can
be no assurance that we will be successful in raising third party
capital in sufficient time to enable us to continue our business
and operations and we may be forced to cease operations.  In that
event our stockholders would likely lose their entire investment in
our company."

Puradyn Filter has incurred net losses each year since inception
and has relied on loans from related parties to fund its
operations.  These recurring operating losses, liabilities
exceeding assets and the reliance on cash inflows from its
principal stockholder have led the Company's independent registered
public accounting firm Liggett & Webb, P.A. to include a statement
in its audit report relating to its audited financial statements
for the years ended Dec. 31, 2016 and 2015 expressing substantial
doubt about its ability to continue as a going concern.  The
Company said its ability to continue as a going concern is
dependent upon its ability to obtain the necessary financing to
meet itsobligations and repay its liabilities when they become due
and to generate profitable operations in the future.  There are no
assurances that the Company will have sufficient funds to execute
its business plan, pay its obligations as they become due or
generate positive operating results.

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

                     https://is.gd/vD9EYv

                      About Puradyn Filter

Boynton Beach, Fla.-based Puradyn Filter Technologies Incorporated
(OTC BB: PFTI) designs, manufactures, markets and distributes
worldwide the Puradyn bypass oil filtration system for use with
substantially all internal combustion engines and hydraulic
equipment that use lubricating oil.  Working in conjunction with
the equipment's full-flow oil filter, the Puradyn system cleans oil
by providing a second circuit of oil filtration and treatment to
continually remove solid, liquid and gaseous contaminants from the
oil through a sophisticated and unique filtration and evaporation
or absorption process.  The Puradyn system consists of a base
filtration unit or housing that is connected via hoses to the
engine or hydraulic system, along with filter elements that reside
inside the filtration unit and are replaced periodically to
maintain top performance.  The Company's filter is unique in that
it incorporates an additive package to replenish depleted base
additive levels in engine lubricating oil.  Because
Puradyn-filtered lubricating oil is kept in a continually clean
state, its system has been used effectively to safely and
significantly extend oil-drain intervals and to extend the time
between engine overhauls.  The Company is the exclusive
manufacturer of its unique disposable replacement filter elements
for the Puradyn system.  Visit http://www.puradyn.comfor more
information.


QUANTUM CORP: Park West Asset Management Has 5.8% Equity Stake
--------------------------------------------------------------
Park West Asset Management LLC reported in a Schedule 13G filed
with the Securities and Exchange Commission that it beneficially
owns 2,000,000 shares of common stock of Quantum Corp.,
constituting 5.8 percent based upon 34,673,884 shares of Common
Stock, $0.01 par value per share, of Quantum Corporation, a
Delaware corporation, issued and outstanding as of Nov. 3, 2017,
based on information reported by the Company in its Quarterly
Report on Form 10-Q filed with the SEC on Nov. 9, 2017.

PWAM is the investment manager to Park West Investors Master Fund,
Limited and Park West Partners International, Limited, and Peter S.
Park is the sole member and manager of PWAM.  As of Nov. 10, 2017,
PWIMF held 1,783,901 shares of Common Stock of the Company and PWPI
held 216,099 shares of Common Stock of the Company.  The Reporting
Persons may be deemed to beneficially own the 2,000,000 shares of
Common Stock of the Company held in the aggregate by the PW Funds,
or 5.8% of the shares of Common Stock of the Company deemed to be
issued and outstanding as of Nov. 10, 2017.
           
A full-text copy of the regulatory filing is available at:

                     https://is.gd/JwFGuU

                      About Quantum Corp.

Based in San Jose, California, Quantum Corp. (NYSE:QTM) --
http://www.quantum.com/-- is a storage company specializing in
backup, recovery and archive.  Quantum provides a comprehensive,
integrated range of disk, tape, and software solutions supported by
a world-class sales and service organization.

As of Sept. 30, 2017, Quantum Corp had $211.15 million in total
assets, $335.48 million in total liabilities and a total
stockholders' deficit of $124.33 million.  Quantum Corp reported
net income of $3.64 million for the year ended March 31, 2017, a
net loss of $76.39 million for year ended March 31, 2016, and net
income of $17.08 million for the year ended March 31, 2015.

As of Sept. 30, 2017, the Company had $9.5 million of cash and cash
equivalents, which is comprised of cash deposits.

Quantum stated that, "We continue to focus on improving our
operating performance, including efforts to increase revenue and to
control costs in order to improve margins, return to consistent
profitability and generate positive cash flows from operating
activities.  We believe that our existing cash balances, cash flow
from operating activities, and available borrowing capacity will be
sufficient to meet all currently planned expenditures, debt service
and contractual and other obligations as they become due, and to
sustain operations for at least the next 12 months.  This belief is
dependent upon our ability to achieve gross margin projections and
to control operating expenses in order to provide positive cash
flow from operating activities.  Should we be unable to meet our
gross margin or expense objectives, it would likely have a material
negative effect on our liquidity and capital resources."


QUANTUM CORP: Pays in Full $57 Million 2017 Convertible Notes
-------------------------------------------------------------
Quantum Corporation disclosed in a Form 8-K report filed with the
Securities and Exchange Commission that it has repaid $57.1 million
in outstanding principal and accrued interest on its 4.50%
convertible senior subordinated notes due 2017.  As a result, the
Notes are no longer outstanding.  The Company used loan proceeds
from its recently amended credit facilities to make that payment.

                      About Quantum Corp.

Based in San Jose, California, Quantum Corp. (NYSE:QTM) --
http://www.quantum.com/-- is a storage company specializing in
backup, recovery and archive.  Quantum provides a comprehensive,
integrated range of disk, tape, and software solutions supported by
a world-class sales and service organization.

As of Sept. 30, 2017, Quantum Corp had $211.2 million in total
assets, $335.5 million in total liabilities and a total
stockholders' deficit of $124.3 million.  Quantum Corp reported net
income of $3.64 million for the year ended March 31, 2017, a net
loss of $76.39 million for year ended March 31, 2016, and net
income of $17.08 million for the year ended March 31, 2015.


QUEST RARE: Obtains Fourth Extension to Delay BIA Proposal Filing
-----------------------------------------------------------------
Quest Rare Minerals Ltd. disclosed that on Nov. 16, 2017, the
Superior Court of Quebec granted Quest Rare Minerals' motion for an
extension of the delay to file a proposal pursuant to the
provisions of Part III of the Bankruptcy and Insolvency Act,
thereby extending the delay to file such proposal until and
including December 4, 2017.  This is the fourth extension granted
to Quest in the context of the Notice of Intention (NOI) to File a
Proposal filed by Quest on July 5, 2017.

The additional NOI period will allow Quest to pursue its
restructuring efforts and discussions with potential investors with
the aim to emerge from insolvency protection for the benefit of all
of its stakeholders, including its shareholders.  The Company works
closely with its trustee PricewaterhouseCoopers Inc (PWC) to
evaluate all available recourses and financial alternatives that
may allow the Company to resume activities.

There can be no guarantee that the Company will be successful in
securing financing or achieving its restructuring objectives.
Failure by the Company to achieve its financing and restructuring
goals will likely result in the Company becoming bankrupt.

The Company will continue to provide further updates as
developments occur.

                           About Quest

Quest Rare Minerals Ltd. is a Canadian-based company focused on
becoming an integrated producer of rare earth metal oxides and a
significant participant in the rare earth elements (REE) material
supply chain.  Quest is led by a management team with in-depth
experience in chemical and metallurgical processing.  Quest's
objective is the establishment of major hydrometallurgical and
refining facilities in Becancour, Quebec, to separate and produce
strategically critical rare earth metal oxides.  These industrial
facilities will process mineral concentrates extracted from Quest's
Strange Lake mining properties in northern Quebec and recycle lamp
phosphors utilizing Quest's efficient, eco-friendly "Selective
Thermal Sulphation (STS)"1 process.


REGIS GALERIE: Wants to Enter into Amended Lease With Grand
-----------------------------------------------------------
Regis Galerie, Inc., asks the U.S. Bankruptcy Court for the
District of Nevada to authorize it to enter into Second Amendment
to Grand Canal Shoppes Lease with Grand Canal Shops II, LLC and to
assume the Lease as Amended.

Over the past 17 years, the Debtor has operated in the Grand Canal
Shoppes located at The Venetian Hotel & Casino in Las Vegas,
Nevada.  It leases the premises from Grand Canal pursuant to a
lease, dated as of Jan. 26, 2015, which was amended on Oct. 12,
2015 ("Grand Canal Shoppes Lease").

The premises covered by the Grand Canal Shoppes Lease consist of
8,741 square feet of ground floor space and 7,130 square feet of
mezzanine space.  The Grand Canal Shoppes Lease also provides the
Debtor the use of an additional 8,406 square feet of office and
storage space.  The Debtor and the Grand Canal Shoppes Landlord are
also parties to two related license agreements for additional
storage space of 3,576 square feet adjacent to the leased premises
("Grand Canal Shoppes Storage Licenses").  The total monthly rent
and other charges under the Grand Canal Shoppes Agreements, as of
the Petition Date, was $299,395.  As of Jan. 1, 2017, this amount
decreased to $265,948.  As of June 1, 2017, this amount increased
to $273,245.

As part of the Grand Canal Shoppes Lease, the Debtor added an
additional 5,160 square feet of showroom space.  Unfortunately, the
Debtor's expansion coincided with the sharp decline in the energy
sector and turmoil within the Chinese economy.  As result of
declining revenues and the increased rent burden created from the
expansion, the Debtor fell behind on the payments due for the
premises covered by the Grand Canal Shoppes Agreements.

On Aug. 23, 2016, the Grand Canal Shoppes Landlord sent a Notice of
Default to the Debtor demanding the payment of a past due balance
of $916,331 and advising that it would seek possession of the
premises if the entire amount was not paid within 10 days of the
Debtor's receipt of the notice.  The Debtor filed the chapter 11
case to preserve the Grand Canal Shoppes Agreements and the
going concern value of its business, to reorganize its affairs and
to propose and confirm a plan.

After lengthy negotiations, the Debtor and the Grand Canal Shoppes
Landlord reached an agreement in principle over the terms of a
restructuring of the Grand Canal Shoppes Agreements to be
effectuated through an amendment to the Grand Canal Shoppes Lease
and the assumption of the Grand Canal Shoppes Lease as amended.  As
a result, the Debtor began moving forward toward formulating a plan
of reorganization.

On Oct. 6, 2017, the Debtor filed the Debtor's Plan of
Reorganization.  On Oct. 24, 2017, it filed a Revised Amended
Disclosure Statement to the Debtor's Plan of Reorganization.  The
Court has conditionally approved the Disclosure Statement.  A
combined hearing on final approval of the Disclosure Statement and
confirmation of the Plan is scheduled for Dec. 6, 2017.

Subsequent to the Petition Date, the Debtor paid a portion of
"stub-rent" for September 2016 (i.e., the pro-rata portion of the
rent and other charges due for the period Sept. 5-30, 2016).  There
remains an unpaid balance of $16,979.  It paid the full amounts due
for the months of October 2016 through May 2017 under the existing
Grand Canal Shoppes Lease.  For June 2017, the Debtor paid
$150,000, leaving an unpaid amount of $123,245.

For each of the months of July, August and September 2017, the
Debtor paid $100,000.  For the month of October 2017, the Debtor
paid $159,000.  The Debtor anticipates making payments for November
and December 2017 of $186,000 each month.  The payments made for
July
through October 2017 and those anticipated to be made for November
and December 2017 are consistent with the terms of the restructured
Grand Canal Shoppes Agreements.

If the Plan is confirmed and the Grand Canal Shoppes Agreements are
restructured, the Debtor will not be liable for any additional
amounts for July through December 2017 (because the reduced rent
under the restructured Grand Canal Shoppes Agreements will be
retroactive as of July 1, 2017).  If the Plan is not confirmed and
the Grand Canal Shoppes Agreements are not restructured, these
unpaid amounts will remain as substantial administrative expenses.

On Oct. 23, 2017, the Debtor and the Grand Canal Shoppes Landlord
entered into a Second Amendment to the Grand Canal Shoppes Lease,
subject to approval by the Court, to restructure the Grand Canal
Shoppes Agreements.  The Second Lease Amendment is conditioned upon
confirmation of the Plan.

The principal terms of the Second Lease Amendment are:

     a. Effective July 1, 2017, in lieu of Fixed Minimum Rent (as
provided in Section 1.0(h) of the Grand Canal Shoppes Lease) and
all other charges under the Grand Canal Shoppes Lease, other than
Percentage Rent, the Debtor will pay annual reduced rent of
$1,920,000 (averaging $160,000 per month) ("Reduced Rent").

     b. The Grand Canal Shoppes Landlord may allocate the Reduced
Rent in its sole discretion (as among rent, storage fees,
utilities, etc.).

     c. The annual Reduced Rent will be payable in varying monthly
installments (to reflect the Debtor's seasonality and historical
results), as follows: $100,000 in July, August and September,
$159,000 in June and October, and $186,000 in January-May and
November-December.

     d. The Reduced Rent will be subject to annual increases of 3%
commencing Jan. 1, 2019.

     e. Commencing July 1, 2017 and continuing through December
2018, the monthly payments of Reduced Rent may be made in two equal
installments on the 5th and 20th of each month.

     f. The balance of unpaid June 2017 rent and charges, which
total $123,245, will be paid as "Additional Rent," over a three
year period, in monthly installments.

     g. The balance of the "stub-rent" for the period Sept. 5-30,
2016 in the amount of $16,979 will be paid within 30 days.

     h. The Percentage Rent, as provided by in Section 1.0(i) of
the Grand Canal Shoppes Lease, will be 10% over an Annual
Breakpoint of $9,000,000.

     i. The Debtor will return to the Grand Canal Shoppes Landlord
certain space in the store front (approximately 832 square feet).
Reconfiguration of the space will be at the Grand Canal Shoppes
Landlord's expense, with the space recaptured following 30 days'
written notice from the Grand Canal Shoppes Landlord.

     j. Within 45 days of the Court's approval of the Second Lease
Amendment and the Debtor's assumption of the Grand Canal Shoppes
Lease, as amended, the Debtor will return to the Grand Canal
Shoppes Landlord 4,654 square feet of storage space currently
provided for under the Grand Canal Shoppes Lease.

     k. Within 30 days of the Court's approval of the Second Lease
Amendment and the Debtor's assumption of the Grand Canal Shoppes
Lease, as amended, the Debtor will return to the Grand Canal
Shoppes Landlord 894 square feet of storage space currently
provided for under the Grand Canal Shoppes Storage Licenses.

     l. The Debtor will be entitled to use the 2,682 square feet of
storage space currently provided for under the Grand Canal Shoppes
Storage Licenses without any further payment (all fees are included
in the Reduced Rent).

     m. The existing pre-petition arrearage of $975,561
("Pre-Petition Arrearage") will be conditionally reduced as
follows: to the extent that the Debtor is open and operating and
not otherwise in default under the Grand Canal Shoppes Lease
(beyond any applicable notice and cure period), the Pre-Petition
Arrearage will be reduced by one-third on Jan. 31, 2019, an
additional one-third on Jan. 31, 2020, and the final one-third on
Jan. 31, 2021.  If the Debtor is in default beyond any applicable
notice and cure period and subsequently cures such default, any
applicable decrease in the Pre-Petition Arrearage as provided above
will take effect.  If the Grand Canal Shoppes Landlord exercises
its early termination option (i.e., not based on a default), any
balance of the Pre-Petition Arrearage will be waived.

     n. The Debtor will grant the Grand Canal Shoppes Landlord a
security interest, under the Nevada Uniform Commercial Code, in its
inventory, equipment, fixtures, furnishings, and other personal
property, and all proceeds therefrom as security for the Debtor's
obligations for Reduced Rent, Percentage Rent and June Rent, as
well as the Pre-Petition Arrearage.  The Debtor will execute and
authorize the Grand Canal Shoppes Landlord to file any and all
financing statements and other documents required to perfect the
Grand Canal Shoppes Landlord’s security interest. Such security
interest will be subject and subordinate to the prior security
interests held by Wells Fargo Bank, N.A. and American Express Bank,
FSB.

     o. The Grand Canal Shoppes Landlord has the option to
terminate the Grand Canal Shoppes Lease upon eight months' written
notice to the Debtor.  Such notice, however, may not provide for a
termination date between October 15 and January 15 in any year.
The Grand Canal Shoppes Landlord's exercise of its termination
option will not excuse or release the Debtor from its obligation to
pay the deferred  balance of June 2017 rent and charges.

A copy of the Second Lease Amendment attached to the Motion is
available for free at:

      http://bankrupt.com/misc/REGIS_GALERIE_304_Sales.pdf

Pursuant to orders entered by the Court, the time for the Debtor to
assume or reject the Grand Canal Shoppes Agreements has been
extended to and including the earlier of: (a) Dec. 31, 2017, or (b)
the date of entry of an order confirming a plan.

It is the Debtor's business judgment that the Second Lease
Amendment and the assumption of the Grand Canal Shoppes Lease as
amended by the Second Lease Amendment is in the best interests of
the Debtor and its creditors.  The Second Lease Amendment and the
assumption of the Grand Canal Shoppes Lease as amended will permit
the Debtor to continue to operate at its current location on terms
that are much more favorable than currently exist.  It provides for
a substantial reduction in rent and other charges -- a reduction of
over 40%.  Accordingly, the Debtor asks the Court to approve the
relief sought.

Counsel for the Debtor:

         Michael L. Gesas, Esq.
         David A. Golin, Esq.
         Kevin H. Morse, Esq.
         SAUL EWING ARNSTEIN & LEHR LLP
         161 North Clark Street, Suite 4200
         Chicago, IL 60601
         Telephone: (312) 876-7100
         Facsimile: (312) 876-0288
         E-mail: michael.gesas@saul.com
                 david.golin@saul.com
                 kevin.morse@saul.com

                      About Regis Galerie

Regis Galerie, Inc., is a retail seller of museum quality works of
art, luxurious home furnishings, fine jewelry and prestigious
collectibles.  It is third generation family-owned and operated
business.

Regis Galerie filed a Chapter 11 petition (Bankr. D. Nev. Case No.
16-14899) on Sept. 5, 2016.  Samuel Dweck, president, signed the
petition.  The Debtor estimated assets and liabilities at $1
million to $10 million at the time of the filing.  

The case is assigned to Judge Laurel E. Davis.  

The Debtor is represented by Bryan M. Veillion, Esq., at Marquis
Aurbach Coffing, and Michael L. Gesas, Esq., at Arnstein & Lehr,
LLP.

On Oct. 6, 2017, the Debtor filed the Debtor's Plan of
Reorganization.  On Oct. 24, 2017, it filed a Revised Amended
Disclosure Statement to the Debtor's Plan of Reorganization.  The
Court has conditionally approved the Disclosure Statement.  A
combined hearing on final approval of the Disclosure Statement and
confirmation of the Plan is scheduled for Dec. 6, 2017.


RESIDENTIAL CAPITAL: Trust Board Declares Cash Distribution
-----------------------------------------------------------
The ResCap Liquidating Trust on Nov. 17, 2017, disclosed that its
Board of Trustees has declared a cash distribution of $1.4156 per
unit to holders of units of beneficial interest in the Trust,
totaling $140 million (including the distribution made on account
of units in the Disputed Claims Reserve).  The distribution will be
paid on Dec. 12, 2017 to unit holders of record as of the close of
business on Nov. 27, 2017.

The entire distribution of $1.4156 per unit will consist of Trust
income that the Trust believes is U.S. source income subject to
U.S. federal withholding tax to the extent allocable to unit
holders that are not U.S persons (or in certain circumstances do
not otherwise establish their status as U.S. persons under
applicable rules).  Because the Trust does not have the necessary
information concerning the identity and tax status of its unit
holders, the Trust will distribute the gross amount of the
distribution to brokers (through DTC) and anticipates that the
required tax withholding will be effected by U.S. brokers (or other
nominees), who should treat the entire distribution of $1.4156 per
unit as U.S. source income subject to federal withholding.  As a
result, the Trust anticipates that unit holders subject to
withholding will receive a distribution net of the required
withholding.

Unit holders should consult their tax advisors with respect to the
tax treatment of the distribution.

                   About Residential Capital

Residential Capital LLC, the unprofitable mortgage subsidiary of
Ally Financial Inc., filed for bankruptcy protection (Bankr.
S.D.N.Y. Lead Case No. 12-12020) on May 14, 2012.  Neither Ally
Financial nor Ally Bank is included in the bankruptcy filings.

ResCap, one of the country's largest mortgage originators and
servicers, was sent to Chapter 11 with 50 subsidiaries amid
"continuing industry challenges, rising litigation costs and
claims, and regulatory uncertainty," according to a company
statement.

ResCap disclosed $15.7 billion in assets and $15.3 billion in
liabilities at March 31, 2012.

Centerview Partners LLC and FTI Consulting are acting as financial
advisers to ResCap.  Morrison & Foerster LLP is acting as legal
adviser to ResCap.  Curtis, Mallet-Prevost, Colt & Mosle LLP is the
conflicts counsel.  Rubenstein Associates, Inc., is the public
relations consultants to the Company in the Chapter 11 case.
Morrison Cohen LLP is advising ResCap's independent directors.
Kurtzman Carson Consultants LLP is the claims and notice agent.

Ray C. Schrock, Esq., at Kirkland & Ellis LLP, in New York, serves
as counsel to Ally Financial.

ResCap sold most of the businesses for a combined $4.5 billion.

The Bankruptcy Court in November 2012 approved ResCap's sale of its
mortgage servicing and origination platform assets to Ocwen Loan
Servicing, LLC, and Walter Investment Management Corporation for $3
billion; and its portfolio of roughly 50,000 whole loans to
Berkshire Hathaway for $1.5 billion.

Judge Martin Glenn in December 2013 confirmed the Joint Chapter 11
Plan co-proposed by Residential Capital and the Official Committee
of Unsecured Creditors.

                          *     *     *

The ResCap Liquidating Trust was established in December 2013 under
the Second Amended Joint Chapter 11 Plan of Residential Capital,
LLC, et al., to liquidate and distribute assets of the debtors in
the ResCap bankruptcy case.  The Trust maintains a website at
http://www.rescapliquidatingtrust.com/, which Unitholders are
urged to consult, where Unitholders may obtain information
concerning the Trust, including current developments.


RUBY TUESDAY: Amends UBS Credit Facility to Clarify 'Indebtedness'
------------------------------------------------------------------
Ruby Tuesday, Inc., has entered into a second amendment relating to
its previously-disclosed 364-day senior secured revolving credit
agreement dated as of May 26, 2017 with, among other parties, UBS
AG, Stamford Branch, as administrative agent and as issuing bank.

Among other things, Amendment No. 2 clarifies the definition of
"Indebtedness," and permits liens on deposit accounts and related
assets, each relating to the establishment or maintenance of
depository relations with banks or cash management services.

The Amendment No. 2 was effective as of Nov. 13, 2017.  As of that
date, the Company has no amounts drawn under the revolving loan
commitment under the Credit Facility, and has $11.9 million drawn
under standby letters of credit under the Credit Facility.

                       About Ruby Tuesday

Ruby Tuesday, Inc. (NYSE:RT) -- http://www.rubytuesday.com/-- owns
and franchises Ruby Tuesday brand restaurants.  As of Sept. 5,
2017, there were 599 Ruby Tuesday restaurants in 41 states, 14
foreign countries, and Guam.  Of those restaurants, the Company
owned and operated 541 Ruby Tuesday restaurants and franchised 58
Ruby Tuesday restaurants, comprised of 17 domestic and 41
international restaurants.  The Company's Company-owned and
operated restaurants are concentrated primarily in the Southeast,
Northeast, Mid-Atlantic, and Midwest of the United States, which
the Company considers to be its core markets.

Ruby Tuesday reported a net loss of $106.1 million on $951.97
million of total revenue for the year ended June 6, 2017, compared
to a net loss of $50.68 million on $1.09 billion of total revenue
for the year ended May 31, 2016.  As of Sept. 5, 2017, Ruby Tuesday
had $701.02 million in total assets, $403.12 million in total
liabilities and $297.9 million in total shareholders' equity.

                         *     *     *

In April 2017, S&P Global Ratings lowered its corporate credit
rating on Ruby Tuesday Inc. to 'CCC+' from 'B-'.  The outlook is
negative.  "The downgrade reflects our view of uncertainty
regarding the company's ability to meaningfully improve earnings
growth that can support what we currently see as an unsustainable
capital structure.  While liquidity is also tightening, we do not
currently envision a specific default scenario in the next 12
months, as the company does not face any significant debt
maturities within the next year," said credit analyst Mathew
Christy.

As reported by the TCR on Oct. 20, 2017, S&P Global Ratings placed
its ratings, including the 'CCC+' corporate credit rating, on
casual dining restaurant operator Ruby Tuesday Inc. on CreditWatch
with developing implications.  The CreditWatch placement follows
Ruby Tuesday's announcement that it has reached a definitive
agreement to be acquired by Atlanta-based private equity firm NRD
Capital in an approximately $335 million transaction.


SALVADOR CORDERO: $3.2M Sale to Pay All Claims in Full
------------------------------------------------------
Salvador Cacho Cordero asks the U.S. Bankruptcy Court for the
District of Hawaii to authorize the sale of the real properties:
(i) located at 1764B South Kihei Rd. Kihei, Hawaii for $1,700,000;
and (ii) located at 1794 South Kihei Rd. Kihei, Hawaii for
$1,500,000 to Shalom Amar Revocable Trust 2000.

Creditor First Hawaiian Bank has an interest in the 1764B Property
in the amount of $700,000.  The loan has matured, the $700,000 owed
is a balloon payment. This property contains 22 rental units
engaged in retail sales.  Creditor the Susan Kuwada Trust has a
$400,000 mortgage against the 1764B Property.  This property is
used as rental property.  There are 4 tenants living there.  There
are no other liens against the Properties other than the mentioned
mortgages.

The Properties are the subject of a cash sale.  The Purchaser is a
firm specializing in acquiring business properties in Hawaii and
other states.  There has not been a bidding process for selling the
Properties.

The Buyer and the Debtor entered in to the Commercial Real Property
Purchase and Sale Agreement for the sale of the Properties.  The
purchase price for the 1794 property is $1,500,000.  There will be
an initial $10,000 cash deposit with an additional $90,000 deposit
of Earnest Money.  The balance of $1,400,000 will be paid into
escrow at the time of closing.  In addition, the Buyer's Due
Diligence and Inspection (Contingency) period will commence upon
receipt of Court approval with Scheduled closing Date to be 30 days
after the end of Due Diligence and Inspection (Contingency).  The
sale price of the property exceeds lens against it.

The purchase price of the 1764B property is $1,700,000.  There will
be a $10,000 earnest money deposit with an additional $90,000
deposit to be paid into escrow 3 days after the inspection period.
The additional $1,600,000 will be paid into escrow before closing
period.  In addition, the Buyer's due Diligence and Inspection
(Contingency) Period will begin upon receipt of court approval.
The scheduled closing date will be 30 days after the due Diligence
and Inspection (Contingency).  The sale price of the property will
cover held by the lien against the property.

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

      http://bankrupt.com/misc/Salvador_Cordero_32_Sales.pdf

The sale of these properties will generate enough cash to pay all
debts that caused the bankruptcy in full.  The Debtor proposes to
sell the Properties free and clear of all claims, liens and
interests, with the same, to the extent valid, to attach proceeds.
The Debtor proposes to pay from the sales proceeds: (i) his pro
rata share of the delinquent and current real property taxes, if
any; and (ii) costs of sale.

The Debtor asks that the Order granting the Motion includes a
provision pursuant to Rule 6004(h) of the federal Rules of
Bankruptcy Procedure that there will not be a 14-day stay from
entry of the Order granting the Motion because there is no
financing contingency and the sale should be permitted to close
without delay.

The Purchaser:

         SHALOM AMAR REVOCABLE TRUST 2000
         21801 Sherman Way #508
         Canoga Park, CA 01303
         Telephone: (818) 445-3311
         E-mail: Shalamar9@yahoo.com

The Debtor can be reached:

         Salvador Cacho and Ann Lou Cordero
         457 One St.
         Kahului, HI 96732
         Telephone: (808) 281-6602
                    (808) 463-6106
         E-mail: VicCordero808@iCloud.com

Salvador Cacho Cordero sought Chapter 11 protection (Bankr. D. Haw.
Case No. 17-01071) on Oct. 15, 2017.  The Debtor tapped Ramon J.
Ferrer, Esq., at Law Office of Ramon J. Ferrer, as counsel.


SAMSON RESOURCES: Williams' Bid for Reconsideration Denied
----------------------------------------------------------
Judge Richard G. Andrews of the U.S. District Court for the
District of Delaware denies Pro Se Appellant Calvin Williams'
Motion for Reconsideration of the Court's August 30, 2017 order,
which dismissed his appeal for lack of jurisdiction.

The Court finds that Mr. Williams has not demonstrated that the
Court needs to correct a clear error of fact or law or that
reconsideration is necessary to prevent manifest injustice.  

The Court's previous Memorandum held that the notice of appeal
needed to be filed within fourteen days from when the time to file
a notice of appeal started to run, and that (1) the triggering date
was September 7, 2016, when the Bankruptcy Court denied appellant's
first motion to reconsider, or, in the alternative, (2) the
triggering date was November 16, 2016, when the Bankruptcy Court
denied appellant's second motion to reconsider. Mr. Williams'
notice of appeal was filed December 5, 2016.

On September 5, 2017, Mr. Williams filed the motion for
reconsideration, asserting that he "was not properly informed by
the Court on Appeal deadline, or where to file my appeal," and that
Bankruptcy Rule 9006 extended the deadline to file the notice of
appeal by three days, meaning that a notice of appeal filed on
December 5, 2016, was timely. Mr. Williams also requests that the
Court grant an extension of time to file his notice of appeal based
on excusable neglect.

On October 5, 2017, Mr. Williams filed a notice of appeal to the
United States Court of Appeals for the Third Circuit. The Third
Circuit appeal is currently stayed pending the Court's ruling on
the motion for reconsideration.

The Court finds that the motion to reconsider does not set forth
any intervening change in controlling law or allege that new
evidence has become available. Thus, the Court has no basis to
grant relief on those grounds.

Mr. Williams appears to argue that reconsideration is required to
correct a clear error of law or to prevent manifest injustice. Mr.
Williams assumes that the triggering date is November 16, 2016, and
argues that the Court should reconsider because Bankruptcy Rule
9006 extended by three days his deadline to file the notice of
appeal.

As this Court has already determined, the deadline for Mr. Williams
to file the notice of appeal began to run from the date of the
Bankruptcy Court's order denying his first motion for
reconsideration, which was entered on September 7, 2016. As Mr.
Williams makes no argument as to why the Court erred in this
determination, there is no ground to reconsider it.

Moreover, even if the deadline to file the notice of appeal ran
from the denial of the second motion to reconsider, that is,
November 16, 2016, the Court maintains that the notice of appeal
filed on December 5, 2016 was still untimely. The Court explains
that Bankruptcy Rule 9006(f) does not apply to the appeals period
prescribed by Bankruptcy Rule 8002(a). By its plain language,
Bankruptcy Rule 9006(f) applies "when there is a right or
requirement to act... within a prescribed period after being served
and that service is by mail..." Bankruptcy Rule 9006(f) does not
extend the time within which to act where, as here, the time period
for taking the action begins to run from an event other than
service, such as the entry of the underlying order.

Mr. Williams claims the result is harsh. While the Court does not
disagree with Mr. Williams, but Congress has mandated the
jurisdictional nature of appellate deadlines, and the Third Circuit
has, as it must, followed suit. The Court followed well-settled law
regarding the timeliness of appeals under Bankruptcy Rule 8002, and
Mr. Williams has cited no authority to the contrary. Thus, there is
no clear error of law or manifest injustice that must be corrected
on reconsideration.

The motion for reconsideration cites Bankruptcy Rule 9006(b)(1) and
includes a separate request that the deadline for filing the notice
of appeal be extended based on excusable neglect. However, Mr.
Williams' failure to seek an extension for excusable neglect within
the time frame set forth in Bankruptcy Rule 8002(d)(1) was already
addressed in the previous Memorandum, and Bankruptcy Rule 9006(b)
does not provide a separate basis for extension of the deadline to
appeal.

Bankruptcy Rule 8002(d) requires that, even in cases of excusable
neglect, the issue must be raised and a motion filed within 21 days
following the expiration of the 14-day appeal period provided in
Bankruptcy Rule 8002(a)(1). However, no such request was made
within the 21-day period. As Bankruptcy Rule 9006(b) does not
provide a separate basis for extension of the deadline to appeal,
the Court concludes that Mr. Williams' request for reconsideration
on this basis must also be denied.

The case is IN RE: SAMSON RESOURCES CORPORATION, et al., Chapter
11, Reorganized Debtors. CAL VIN WILLIAMS, Appellant, v. SAMSON
RESOURCES CORPORATION, et al., Appellees, Case No. 15-11934-CSS
(Jointly Administered), Civ. No. 16-1124-RGA, (D. Del.).

A full-text copy of the Memorandum is available for free at
http://tinyurl.com/yabdnxugfrom Leagle.com.

               About Samson Resources Corporation

Samson Resources Corporation, et al., filed Chapter 11 bankruptcy
petitions (Bankr. D. Del. Lead Case No. 15-11934) on Sept. 16,
2015.  Philip W. Cook, the executive vice president and CFO, signed
the petition.  The Debtors estimated assets and liabilities of more
than $1 billion.

Samson is an onshore oil and gas exploration and production company
with interests in various oil and gas leases primarily located in
Colorado, Louisiana, North Dakota, Oklahoma, Texas, and Wyoming.
The Operating Companies operate, or have royalty or working
interests in, approximately 8,700 oil and gas production sites.

Samson was acquired by KKR and Crestview from Charles Schusterman
in December 2011 for approximately $7.2 billion.  The investor
group provided approximately $4.1 billion in equity investments as
part of the purchase price.

Kirkland & Ellis LLP represents the Debtors as general counsel.
Klehr Harrison Harvey Branzburg LLP is the Debtors' local counsel.

Alvarez & Marsal LLC acts as the Debtors' financial advisor.
Blackstone Advisory Partners L.P. serves as the Debtors' Investment
banker.  Garden City Group, LLC, serves as claims and noticing
agent to the Debtors.

Andrew Vara, acting U.S. trustee for Region 3, appointed three
creditors of Samson Resources Corp. and its affiliated debtors to
serve on the official committee of unsecured creditors.  The
Committee has tapped White & Case LLP as counsel and Farnan LLP as
local counsel.

                          *     *     *

The Debtors have filed a plan of reorganization.  The Creditors'
Committee has filed a competing plan of liquidation.

The Hon. Christopher S. Sontchi of the U.S. Bankruptcy Court for
the District of Delaware entered on Feb. 13, 2017, an order
confirming Samson Resources Corporation, et al.'s plan of
reorganization.


SERVICE WELDING: Plan Exclusivity Extended Until November 22
------------------------------------------------------------
The Hon. Alan C. Stout of the U.S. Bankruptcy Court for the Western
District of Kentucky entered an order dated November 20, 2017,
extending until November 22, 2017, the exclusivity period for
Service Welding & Machine Company, LLC d/b/a Service Tanks to file
a plan of reorganization, and until December 27, the exclusive
period for the Debtor to solicit acceptances of such plan.

As reported by the Troubled Company Reporter on November 21, 2017,
the Debtor asked for a November 22 extension out of an abundance of
caution. The Debtor said it has completed a proposed plan and
disclosure statement, but has been unable to confer with counsel to
discuss the legal implications of certain provisions in the
proposed plan. The meeting has been scheduled for early this week
and the Debtor anticipated submitting the Plan to the Court on
November 21.

             About Service Welding & Machine Company

Service Welding & Machine Company, LLC, based in Louisville,
Kentucky, sells and installs single and double wall storage tanks
for a variety of industries including petroleum, chemical,
distillery, potable water, industrial, and food/agriculture.
Service Tanks was established in 1928 and was primarily
manufacturing storage tanks and doing repair work.  In 2013, the
owners sold the business to Jeff Androla, president, and two other
investors.

Service Welding & Machine Company filed a Chapter 11 petition
(Bankr. W.D. Ky. Case No. 17-30485) on Feb. 17, 2017.  The Hon.
Joan A. Lloyd presides over the case.  The Debtor disclosed
$516,432 in assets and $2.12 million in liabilities.  The petition
was signed by Jeff Androla, president.  Charity B. Neukomm, Esq.,
at Kaplan & Partners LLP, serves as bankruptcy counsel to the
Debtor.


SIGEL'S BEVERAGES: Can Sell Richardson Property to Kaiser for $185K
-------------------------------------------------------------------
Judge Robert L. Jones of the U.S. Bankruptcy Court for the Northern
District of Texas authorized Sigel's Beverages, L.P. to sell an
0.8208-acre tract of undeveloped land located at 901 Abrams Road,
in Richardson, Dallas County, Texas to Mansur Kaiser for $185,000,
free and clear of all liens.

All amounts owed to Dallas County for year 2016 and 2017 ad valorem
property taxes plus postpetition interest that has accrued from the
petition date through the date of payment at the state statutory
rate of 1% per month will be paid in full at the sale closing with
the liens that secure all amounts ultimately owed to Dallas County
for tax year 2018 remaining attached to the property in the event
the sale closes after Dec. 31, 2017, the Court rules.

A copy of the Unimproved Property Contract attached to the Order is
available at:

    http://bankrupt.com/misc/Sigels_Beverages_27_Order.pdf

                    About Sigel's Beverage

Sigel's Beverage, L.P., is a 111-year-old distributor and
wholesaler of fine wines and spirits.  It is one of the largest
local distributors of alcohol in the Dallas Fort Worth Metroplex.
In addition to its wholesale division, it also operates 10 retail
store locations in the Metroplex.

Sigel's Beverage, L.P., sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Tex. Case No. 16-34118) on Oct. 20,
2016.  Anthony J. Bandiera, chief executive officer of Milan
General Investments, Inc., general partner of the Debtor, signed
the petition. Judge Barbara J. Houser presides over the Debtor's
case.  

The Debtor estimated $10 million to $50 million in assets and
liabilities as of the bankruptcy filing.

Pronske, Goolsby & Kathman, P.C., serves as counsel to the Debtor,
with the engagement, led Gerrit M. Pronske, Esq., and Jason P.
Kathman, Esq.  Bridgepoint Consulting, LLC, is the Debtor's
financial and restructuring advisor. Candy & Schonwald, PLLC,
serves as tax service provider.

On Dec. 31, 2016, the Debtor filed a disclosure statement, which
explains its proposed Chapter 11 plan of reorganization.


SORENSON COMMUNICATIONS: Moody's Lower 1st Lien Loan Rating to Ba3
------------------------------------------------------------------
Moody's Investors Service affirmed Sorenson Communications, LLC's
B2 Corporate Family Rating (CFR) and B2-PD Probability of Default
Rating (PDR). Concurrently, Moody's downgraded Sorenson's first
lien term loan rating to Ba3 from Ba2 and revised the rating
outlook to negative from stable.

The change in outlook to negative reflects the adverse effects of
lower regulated compensation rates for the company's services on
future cash flows, operating performance, and credit metrics. In
addition, it reflects Moody's anticipation for decreased liquidity
at Sorenson following its announcement that it intends to utilize
the bulk of its cash balance ($101 million as of September 30,
2017) to provide an intercompany loan to Sorenson Holdings, LLC
("Holdings," Sorenson's indirect parent company), to finance
Holdings' offer to repurchase up to $95 million in principal amount
of its $194 million senior unsecured PIK toggle notes due 2021
(unrated). The downgrade of the first lien term loan rating to Ba3
reflects the decreased cushion of junior ranking debt under Moody's
Loss Given Default framework based on Moody's expectation that
junior debt will be taken out of the capital structure. The
repurchase of HoldCo notes will have the positive effects of
reducing high cost debt and gross debt-to-EBITDA leverage.

Moody's affirmed the following ratings:

Issuer: Sorenson Communications, LLC

Corporate Family Rating at B2

Probability of Default Rating at B2-PD

Moody's downgraded the following rating:

$535 million senior secured 1st lien term loan ($553 million
original face value) due 2020, Downgraded to Ba3 (LGD2) from Ba2
(LGD2)

Outlook, Changed to Negative from Stable

RATINGS RATIONALE

Sorenson's B2 CFR reflects debt-to-EBITDA in the high 3 times area
as of September 30, 2017 (including Moody's standard adjustments)
but with the expectation for lower future earnings potential due to
decreased FCC-regulated compensation rates for the company's
services. Assuming the repurchase of $95 million principal amount
of debt, pro forma leverage would measure in the mid-3 times area
though Moody's expects debt-to-EBITDA to revert towards prior
levels during 2018 as earnings decline. The company has a solid
market position in its core businesses, particularly for Video
Relay Service ("VRS"), and a high growth rate in its CaptionCall
captioned telephone service. Moody's anticipates that revenue in
the more mature VRS business will decline with rates while the
revenue trajectory for the CaptionCall business is more uncertain
given the prospect for continued market growth offset by likely
lower rates.

The company took a substantial asset impairment charge of $335
million primarily on its VRS business in the third quarter of 2017
primarily attributable to the rate order issued by the FCC in July
2017 that reduces VRS compensation rates from mid-2017 to mid-2021.
The tier III rate is due to drop a cumulative 25% from the prior
rate order to the new rate order at the end of the new rate order
term. The VRS reduction will lead to a meaningful decrease in
anticipated future cash flows at one of its two core businesses.
Sorenson also indicated during the release of its third quarter
results that it expects the FCC will issue an interim order either
in the fourth quarter of 2017 or the first quarter of 2018 that
reduces compensation rates for IP Captioned Telephone Service ("IP
CTS") that would adversely impact Sorenson's second core business.
A signficant VRS rate reduction contributed to the company's 2014
bankruptcy filing. The tier III rate dropped by nearly 20% in
mid-2010, another 5% for the second half of 2013, and another 4%
for the first half of 2014.

Moody's anticipates that the company will maintain adequate
liquidity over the next 12 months supported primarily by continued
positive free cash flow generation albeit at lower than historical
levels.

Factors that could lead to a downgrade include Moody's
determination that adverse effects from declining compensation
rates will weaken cash flow and credit metrics. Specifically,
debt-to-EBITDA over 5.5 times, EBITA-to-Interest below 1.7 times,
diminished liquidity, or aggressive financial policies could lead
to a downgrade.

An upgrade is unlikely at thist time given the adverse effects on
the company's credit profile of lower compensation rates for its
services. However, prospective factors that could lead to an
upgrade include financial policies supportive of debt-to-EBITDA
sustained below 4.5 times, EBITA-to-Interest sustained above 2
times, FCF-to-Debt of 8% or more, and stable equity ownership
committed to balanced financial policies.

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

Sorenson, headquartered in Salt Lake City, Utah, is a provider of
IP-based video communication technology and services to the deaf
and hard of hearing. The company is controlled by investors
including affiliates of GSO Capital Partners L.P., Franklin Mutual
Advisors, and Solus Alternative Asset Management LP. Revenues for
the twelve months ended September 30, 2017 were $717 million.


SOUTHCROSS ENERGY: EIG BBTS Owns 72% of Units as of Nov. 13
-----------------------------------------------------------
EIG BBTS Holdings, LLC, EIG Management Company, LLC, EIG Asset
Management, LLC, EIG Global Energy Partners, LLC, The R. Blair
Thomas 2010 Irrevocable Trust, Blair R. Thomas, The Randall Wade
2010 Irrevocable Trust, The Kristina Wade 2010 Irrevocable Trust
and Randall S. Wade disclosed in a regulatory filing with the
Securities and Exchange Commission that they beneficially own
57,040,968 common units representing limited partner interests in
Southcross Energy Partners, L.P. constituting 72.1 percent based
upon 48,614,187 Common Units, 18,335,181 Class B Convertible Units
and 12,213,713 Subordinated Units outstanding as of Nov. 13, 2017.


EIG BBTS Holdings, LLC, et al. may be deemed to indirectly
beneficially own the 57,040,968 Common Units as a result of their
relationship with Southcross Holdings Borrower LP, the direct owner
of 26,492,074 common units representing limited partner interests,
18,335,181 Class B convertible units representing limited partner
interests and 12,213,713 subordinated units representing limited
partner interests in Southcross Energy Partners, L.P.

On Nov. 11, 2017, SHB received an additional 315,370 Class B PIK
Units as distribution on the Class B Convertible Units.

On Oct. 31, 2017, Southcross Energy Partners, L.P., and Southcross
Energy Partners GP, LLC, the general partner of the Issuer, entered
into an Agreement and Plan of Merger with American Midstream
Partners, LP, and American Midstream GP, LLC, the general partner
of AMID, and Cherokee Merger Sub LLC, a wholly owned subsidiary of
AMID.  Upon the terms and subject to the conditions set forth in
the Merger Agreement, SXE will merge with Merger Sub, with SXE
continuing its existence under Delaware law as the surviving entity
in the Merger and wholly owned subsidiary of AMID.

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

                     https://is.gd/VAjZff

                About Southcross Energy Partners

Southcross Energy Partners, L.P. --
http://www.southcrossenergy.com/-- is a master limited partnership
that provides natural gas gathering, processing, treating,
compression and transportation services and NGL fractionation and
transportation services.  It also sources, purchases, transports
and sells natural gas and NGL.  Its assets are located in South
Texas, Mississippi and Alabama and include two gas processing
plants, one fractionation plant and approximately 3,100 miles of
pipeline.  The South Texas assets are located in or near the Eagle
Ford shale region.  Southcross is headquartered in Dallas, Texas.

Southcross Energy reported a net loss of $94.94 million for the
year ended Dec. 31, 2016, following a net loss of $55.49 million
for the year ended Dec. 31, 2015.  As of Sept. 30, 2017, Southcross
Energy had $1.11 billion in total assets, $596.78 million in total
liabilities and $516.72 million in total partners' capital.

                          *     *     *

As reported by the TCR on Feb. 28, 2017, S&P Global Ratings said
that it affirmed its 'CCC+' corporate credit and senior secured
issue-level ratings on Southcross Energy Partners L.P.  The outlook
is stable.  The rating action reflects S&P's view that the recent
credit agreement amendment limits the likelihood of a default in
the next two years as the partnership will have an improved
liquidity position and need no longer adhere to its leverage
covenants.

The TCR reported on Jan. 13, 2016, that Moody's Investors Service
downgraded Southcross Energy's Corporate Family Rating to 'Caa1'
from 'B2'.  Southcross' Caa1 CFR reflects its high financial
leverage, limited scale, concentration in the Eagle Ford Shale and
Moody's expectation of continued high leverage and challenging
industry conditions into 2017.


SOUTHCROSS ENERGY: Wallace Henderson Resigns as Director
--------------------------------------------------------
Wallace C. Henderson, who has served as a member of the Board of
Directors of Southcross Energy Partners GP, LLC, the general
partner of Southcross Energy Partners, L.P. since August 2014,
informed the Partnership of his resignation, effective as of Dec.
1, 2017.  Mr. Henderson served as the EIG BBTS Holdings, LLC
representative on the Board.  Mr. Henderson's resignation was not
the result of any disagreements with the Partnership or the General
Partner regarding any matter related to its operations, policies,
practices or otherwise, according to a Form 8-K report filed with
the Securities and Exchange Commission by Southcross.

On Nov. 20, 2017, Randall S. Wade was elected to the Board,
effective as of Dec. 1, 2017 and will serve as the EIG BBTS
Holdings, LLC representative on the Board.  The Board has not
appointed Mr. Wade to serve on any Board committees at this time.

There are no arrangements or understandings between Mr. Wade and
any other persons pursuant to which Mr. Wade was selected as a
director.  As a non-employee director, compensation for Mr. Wade
will be paid in accordance with the General Partner's policies for
compensating non-employee directors.

                 About Southcross Energy Partners

Southcross Energy Partners, L.P. --
http://www.southcrossenergy.com/-- is a master limited partnership
that provides natural gas gathering, processing, treating,
compression and transportation services and NGL fractionation and
transportation services.  It also sources, purchases, transports
and sells natural gas and NGL.  Its assets are located in South
Texas, Mississippi and Alabama and include two gas processing
plants, one fractionation plant and approximately 3,100 miles of
pipeline.  The South Texas assets are located in or near the Eagle
Ford shale region.  Southcross is headquartered in Dallas, Texas.

Southcross Energy reported a net loss of $94.94 million for the
year ended Dec. 31, 2016, following a net loss of $55.49 million
for the year ended Dec. 31, 2015.  As of Sept. 30, 2017, Southcross
Energy had $1.11 billion in total assets, $596.78 million in total
liabilities and $516.72 million in total partners' capital.

                          *     *     *

As reported by the TCR on Feb. 28, 2017, S&P Global Ratings said
that it affirmed its 'CCC+' corporate credit and senior secured
issue-level ratings on Southcross Energy Partners L.P.  The outlook
is stable.  The rating action reflects S&P's view that the recent
credit agreement amendment limits the likelihood of a default in
the next two years as the partnership will have an improved
liquidity position and need no longer adhere to its leverage
covenants.

The TCR reported on Jan. 13, 2016, that Moody's Investors Service
downgraded Southcross Energy's Corporate Family Rating to 'Caa1'
from 'B2'.  Southcross' Caa1 CFR reflects its high financial
leverage, limited scale, concentration in the Eagle Ford Shale and
Moody's expectation of continued high leverage and challenging
industry conditions into 2017.


SOUTHWORTH CO: SBD Greentech Buying Turner Falls Assets for $4M
---------------------------------------------------------------
Southworth Co. filed a notice with the U.S. Bankruptcy Court for
the District of Massachusetts of its private sale of the real
property located at 36 Canal Road, Turners Falls, Massachusetts,
together with tangible and intangible personal property located at,
and used in the operation of, the Debtor's Turners Falls plant, to
SBD Greentech, LLC or its assigns for $4,000,000.

A hearing on the Motion is set for Dec. 14, 2017 at 12:30 p.m.  The
objection deadline is Dec. 11, 2017 at 4:30 p.m.

The Turners Falls Real Estate is described in a deed recorded at
the Franklin County Registry of Deeds in Book 5051, Page 264, and
the personal property is more fully described in the Asset Purchase
Agreement dated Nov. 16, 2017.

The Debtor has received an offer to purchase the Turners Falls
Assets from the Buyer for the sum of $4,000,000, payable in cash.
From the Purchase Price, a sum not greater than $400,000 will be
placed in an escrow account and will be available to reimburse the
Buyer for any costs, expenses and losses resulting from correction
or remediation of certain due diligence conditions as set forth in
the Asset Purchase Agreement.  The escrow account will terminate
and any remaining funds not reimbursed to the Buyer will be
released to the Debtor not later than Feb. 28, 2018.

The Buyer has paid a total deposit in the sum of $50,000 Dollars.
The terms of the proposed sale are more particularly described in
the Motion to Sell filed with the Court on Nov. 17, 2017 and a
written Asset Purchase Agreement dated Nov. 16, 2017, attached
thereto.  The Motion to Sell, with the Asset Purchase Agreement
attached, has been served on all parties receiving the Notice.  The
Turners Falls Assets will be sold free and clear of all liens,
claims, and encumbrances.  Any perfected, enforceable valid liens
will attach to the proceeds of the sale according to the priorities
established under applicable law.

If the Motion to Sell is allowed and a waiver of the stay set forth
in MLBR 6004(h) is approved by the Court, the sale may take place
at any time following the entry of the Court Order approving the
sale but, in any event, by Dec. 31, 2017, unless a later date is
agreed to by the parties.

If a waiver of the stay set forth in MLBR 6004(h) is not approved
by the Bankruptcy Court, the sale may take place at any time
following the termination of the MLBR 6004(h) stay but, in any
event, by Dec. 31, 2017, unless a later date is agreed to by the
parties.

Through the Notice, higher offers for the purchase of the Turners
Falls Assets are hereby solicited.  Any offer must be accompanied
by a cash deposit of $50,000 made payable to Hendel & Collins,
P.C., as attorneys for the Debtor.  Higher offers must be on the
same terms and conditions provided in the Asset Purchase Agreement,
other than the purchase price.  Any higher offer must be at least
$100,000 more than the Purchase Price.

The Purchaser:

          SBD GREENTECH, LLC
          41 Madison Avenue, 31st Floor
          New York, NY

                     About Southworth Company

Southworth Company is a privately owned Massachusetts Corporation
organized in 1839 and headquartered in Agawam, Massachusetts.  In
2006, Southworth acquired the Esleeck Paper Company in Turners
Falls where it operates as Turners Falls Paper Company.  The
Madison Park Group, a greeting card and gift company based in
Seattle, Washington, was acquired in 2012 and operates as a
division of Southworth.

Southworth has recently employed approximately 100 employees and
has been engaged in the manufacture of specialty papers for baking
and health care applications, envelopes and office paper, as well
as greeting cards and gifts.

Southworth Company filed a Chapter 11 petition (Bankr. D. Mass.
Case No. 17-30817) on Sept. 27, 2017.  The petition was signed by
John S. Leness, its president.  At the time of filing, the Debtor
estimated $1 million to $10 million in assets and $10 million to
$50 million in liabilities.

Judge Elizabeth D. Katz presides over the case.

Joseph B. Collins, Esq., at Hendel & Collins P.C., in Springfield,
Massachusetts, serves as counsel to the Debtor.  The Debtor hired
Doherty, Wallace, Pillsbury & Murphy P.C. as its special counsel.

The Office of the U.S. Trustee appointed an official committee of
unsecured creditors.  The committee hired Shatz, Schwartz and
Fentin, P.C. as its bankruptcy counsel.


STEVEN DAVIS: Sale of FW Property to Fierro for $141K Okayed
------------------------------------------------------------
Judge Russell F. Nelms of the U.S. Bankruptcy Court for the
Northern District of Texas authorized Steven Michael Davis II and
Valerie Fierro to sell the real property located at 6357 Ferncreek
Lane, Fort Worth, Texas, legally described as Trails of Marine
Creek, Block 4, Lot 8, Fort Worth, Texas, to John Fierro for
$141,000.

The sale is free and clear of all liens, claims and encumbrances.

The following will attach to the proceeds of the sale of the
Property: (i) the lien of Ocwen Loan Servicing and and will be paid
based upon priority; (ii) the lien of ReTax Funding  and will be
paid based upon priority; (iii) the lien of Trails of Marine Creek
HOA and will be paid based upon priority; and (iv) the real estate
tax liens of the local taxing authorities in Tarrant County, Texas,
except for the 2017 real estate tax lien which will remain attached
to the Property.

The Debtor, as Trustee for the 6357 Ferncreek Trust, will not
receive any portion of the proceeds of the sale of the Property and
its lien will be released unconditionally at closing.

All reasonable and necessary closing costs will be paid out of the
proceeds of the sale of the Property.  The balance of the proceeds
of the sale of the Property should be distributed to Fierro as
homestead proceeds.

Steven Michael Davis II sought Chapter 11 protection (Bankr. N.D.
Tex. Case No. 17-41860) on May 1, 2017.  The Debtor tapped Joyce W.
Lindauer, Esq., at Joyce W. Lindauer Attorney, PLLC, as counsel.


STOLLINGS TRUCKING: Wants to Sell Equipment to River Machinery
--------------------------------------------------------------
Stollings Trucking Co., Inc. asks the U.S. Bankruptcy Court for the
Southern District of West Virginia to authorize the sale of
equipment and machinery to River Machinery Co. for the total
consideration of $205,000.

The equipment and machinery is subject to liens in favor of the
West Virginia State Tax Department and the Internal Revenue Service
of the United States of America.  The Debtor also reserves the
right, by separate application, to ask approval from the Court to
pay certain administrative fees, including professional fees, from
the sale proceeds.

Any party interested in submitting an upset bid should file a
Notice of Upset Bid with counsel for the Debtor, counsel for the
taxing authorities, and the Office of the U.S. Trustee, as well as
counsel for the Unsecured Creditors Committee.  Any upset bid will
be in increments of at least $5,000 more than the proposed sale
price.  All upset bids or objections will be filed no later than
Dec. 11, 2017.

The Debtor proposes that the sale will be free and clear of liens
with liens to attach to the proceeds.  It believes that the terms
of the offer are favorable to the bankruptcy estate and the
Purchaser is a disinterested entity.

A copy of list of the equipment and machinery to be sold is
available for free at:

    http://bankrupt.com/misc/Stollings_Trucking_496_Sales.pdf

                     About Stollings Trucking

Stollings Trucking Company, Inc., began its operations in 1990.
Throughout the years, it both hauled coal and mined coal for its
own profit.  As it grew, it acquired more equipment and rolling
stock.  Stollings also obtained mining permits on property in
Logan
County, West Virginia, and was a party to coal leases.

Stollings Trucking sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. W.Va. Case No. 15-20624) on Dec. 7,
2015.  Rhonda Marcum, president, signed the petition.  The Debtor
estimated assets and liabilities of $1 million to $10 million.

Judge Frank W. Volk presides over the case.

Joseph W. Caaldwell, Esq., at Caldwell & Riffee, in Charleston,
WV,
is serving as counsel to the Debtor.


STONE ENERGY: Egan-Jones Cuts LC Commercial Paper Rating to B
-------------------------------------------------------------
Egan-Jones Ratings Company, on Aug. 31, 2017, lowered the local
currency rating on commercial paper issued by Stone Energy Corp. to
B from A3.

Stone Energy Corporation (NYSE: SGY) is an independent oil and
natural gas exploration and production company headquartered in
Lafayette, Louisiana with additional offices in New Orleans,
Houston and Morgantown, West Virginia.  Stone is engaged in the
acquisition, exploration, development and production of properties
in the Gulf of Mexico basin.


STS OPERATING: Moody's Rates New Senior Secured Term Loan B2
------------------------------------------------------------
Moody's Investors Service assigned a B2 rating to STS Operating,
Inc.'s ("STS", "SunSource") proposed senior secured term loan due
2024. Concurrently, Moody's affirmed the company's B2 Corporate
Family Rating and B2-PD Probability of Default Rating. The ratings
outlook is stable.

The proceeds of the new debt along with equity from new sponsor
Clayton Dubilier & Rice, LLC (CD&R) will be used primarily to fund
the acquisition of STS, including a refinancing of its existing
debt and payment of related fees and expenses. SunSource will also
issue a $50 million ABL revolving credit facility (unrated) that is
expected to be undrawn upon transaction close. The new facilities
will be co-borrowed by CD&R Hydra Buyer, Inc. The ratings on STS's
existing senior secured bank credit facility, consisting a $25
million revolver due 2019 (undrawn) and a $255 million term loan
due 2021 ($235 million outstanding) are unchanged at this time and
will be withdrawn upon transaction close.

RATINGS RATIONALE

The B2 CFR reflects STS's modest scale, revenue exposure to highly
cyclical industrial end markets, regional concentration and a
financial policy that is likely to maintain its financial leverage
at around 5x (all metrics inclusive of Moody's standard
adjustments). Moody's anticipates that operating margins will
continue to recover following the most recent industrial market
trough, to at least the mid-single digits over the next year,
supported by positive trends in industrial activity and stabilizing
energy end markets. Value added engineering capabilities should
continue to support a margin profile and coverage metrics that are
modestly higher than other similarly rated distributors. Good end
market diversification and expectations of positive free cash flow
generation resulting in free cash flow-to-debt approaching the high
single digits over the next year, aided by a relatively flexible
cost structure, lend support to the rating. The rating does not
anticipate any meaningful debt financed acquisitions or dividends
although event risk is high with private equity ownership.

Moody's expects STS to maintain good liquidity over the next 12-18
months, based on expectations of positive cash flow generation and
ample availability under the new $50 million ABL revolving credit
facility due 2022. Cash balances are anticipated to be modest and
are likely to be used, along with a portion of the revolver, to
fund small tuck-in acquisitions with the revolver balance paid off
by quarter end. Moody's does not expect any reliance on the
revolver for working capital or capex requirements, which are
minimal at less than 1% of annual revenues. The covenant lite
capital structure only has a springing fixed charge coverage
covenant of 1.0x when specified revolver availability is less than
10% of the lower of the facility size and the borrowing base.
Moody's expects STS to maintain good headroom so as not to trigger
the covenant. The term loan has no maintenance covenants. With
modest amortization requirements of about $2.4 million annually,
free cash flow is likely to be used to fund tuck-in acquisitions.

The B2 rating assigned to the new term loan, in line with the CFR,
reflects the preponderance of this class of debt in the capital
structure and its ranking behind the ABL revolver that has a higher
priority of claim on the most liquid assets.

The stable outlook reflects Moody's expectations of moderate
organic revenue growth and margin expansion as well as good free
cash flow generation over the next year, supported by stable to
modest growth in the company's industrial and energy end markets.
Moody's anticipates the company will maintain at least good
liquidity and credit metrics that continue to support the B2 rating
profile, even if it undertakes tuck-in acquisitions.

Weaker than expected operating performance with worsening credit
metrics such that leverage (debt-to-EBITDA) is sustained at or
above 5.5x could result in a downgrade. Expectations of
deteriorating liquidity, including a lower than expected free cash
flow profile or reliance on the revolver for working capital
purposes could also drive downwards rating pressure. Debt-financed
acquisitions that meaningfully change the credit profile or
financial policies that compromise credit interests could also
pressure the ratings.

Upward ratings momentum could develop with margin expansion and
revenue growth beyond currently contemplated levels such that
debt-to-EBITDA is sustained below 4.0x, accompanied by the
maintenance of at least good liquidity. Given the company's small
scale, Moody's would expect STS to maintain credit metrics that are
stronger than levels typically associated with companies at the
same rating level.

Assignments:

Issuer: STS Operating, Inc.

-- Senior Secured Bank Credit Facility, Assigned B2 (LGD4)

Outlook Actions:

Issuer: STS Operating, Inc.

-- Outlook, Remains Stable

Affirmations:

Issuer: STS Operating, Inc.

-- Probability of Default Rating, Affirmed B2-PD

-- Corporate Family Rating, Affirmed B2

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

Addison, Illinois-based STS Operating, Inc. ("STS", "SunSource") is
a leading independent fluid power and motion control product
distributor and solutions provider. The company has about 850
employees across 52 facilities located in the United States and
Canada. STS generated sales of about $410 million for the last
twelve months ended September 30, 2017. The company will be
majority-owned by funds affiliated with Clayton Dubilier & Rice,
LLC, a private equity firm.


STYLES FOR LESS: U.S. Trustee Forms 7-Member Committee
------------------------------------------------------
Peter C. Anderson, U.S. Trustee for the Central District of
California, on Nov. 16 appointed seven creditors to serve on the
official committee of unsecured creditors in the Chapter 11 case of
Styles For Less, Inc.

The committee members are:

     (1) 26 International, Inc.
         Mordechay Reuben
         1500 Griffith Avenue
         Los Angeles, CA 90021

     (2) Simon Property Group, LP
         Ronald M. Tucker, Esq.
         225 W. Washington Street
         Indianapolis, IN 46204

     (3) WLPX Hesperia, LLC
         c/o Lewis Corporate Management
         Mario Pichardo
         1156 N. Mountain Avenue
         Upland, CA 91785-0670

     (4) YMI Jeanswear, Inc.
         David Vered
         1155 S. Boyle Avenue
         Los Angeles, CA 90023

     (5) Adam Tala, Inc.
         Arian Parvizi
         733 S. Spring Street
         Los Angeles, CA 90014

     (6) Island Pacific Systems, Inc.
         Glenn P. Murray
         1940 E. Deere Avenue
         Suite 200
         Santa Ana, CA 92705

     (7) Patterson Law Group
         Jim Patterson
         1350 Columbia Street, Suite 603
         San Diego, CA 92101

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

                      About Styles for Less

Styles For Less, Inc., a "fast fashion" company, offers trend
seekers the hottest styles of clothing, shoes, accessories and more
at discounted prices.  In the past 20 years the company has grown
to more than 160 store locations.  Styles For Less was founded in
1992 and is based in Anaheim, California.

Styles For Less filed a Chapter 11 petition (Bankr. C.D. Cal. Case
No. 17-14396) on Nov. 6, 2017.  The Debtor estimated assets and
debt of $10 million to $50 million.  The Hon. Mark S Wallace is the
case judge.  The Debtor tapped Winthrop Couchot Golubow Hollander,
LLP, as counsel.


SUNRISE REAL: Maturing Debt Raises Going Concern Doubt
------------------------------------------------------
Sunrise Real Estate Group, Inc., filed its quarterly report on Form
10-Q, disclosing a net loss of $2.02 million on $1.39 million of
net revenues for the three months ended March 31, 2015, compared
with a net loss of $1.15 million on $2.17 million of net revenues
for the same period in 2014.   

At March 31, 2015, the Company had total assets of $103.62 million,
total liabilities of $108.92 million, and -$5.31 million in total
stockholders' equity.

As of March 31, 2015, the Company has a working capital deficiency,
accumulated deficit from recurring net losses, and significant
short-term debt obligations currently in default or maturing in
less than one year.  These factors raise substantial doubts about
the Company's ability to continue as a going concern.

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

                        https://is.gd/UoBfQx

                        About Sunrise Real Estate Group

Headquartered in Shanghai, the People's Republic of China, Sunrise
Real Estate Group, Inc., and its subsidiaries' principal
activities are real estate development and property brokerage
services, including real estate marketing services, property
leasing services; and property management services in the People's
Republic of China.


SUNVALLEY SOLAR: Posts $131,262 Net Income in Third Quarter
-----------------------------------------------------------
Sunvalley Solar, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q reporting net income
of $131,262 on $1.20 million of revenues for the three months ended
Sept. 30, 2017, compared to a net loss of $38,642 on $2.95 million
of revenues for the three months ended Sept. 30, 2016.

For the nine months ended Sept. 30, 2017, the Company reported a
net loss of $762,799 on $4.80 million of revenues compared to a net
loss of $1.62 million on $3.26 million of revenues for the nine
months ended Sept. 30, 2016.

Sunvalley Solar had $4.61 million in total assets, $3.45 million in
total liabilities, all current, and $1.16 million in total
stockholders' equity as of Sept. 30, 2017.

As of Sept. 30, 2017, the Company had current assets in the amount
of $3,039,135, consisting of cash and cash equivalents in the
amount of $1,336,222, accounts receivable of $1,202,605, inventory
in the amount of $116,639, costs in excess of billings on
uncompleted contracts of $231,096, prepaid expenses and other
current assets of $115,073, and restricted cash of $37,500. As of
Sept. 30, 2017, the Company had current liabilities in the amount
of $3,451,094.  These consisted of accounts payable and accrued
expenses in the amount of $3,081,405, customer deposits of
$139,023, accrued warranty of $127,097, and advances from
contractors of $103,389.  The Company's working capital deficit as
of Sept. 30, 2017 was therefore $411,959.  During the nine months
ended Sept. 30, 2017, its operating activities used a net $81,640
in cash.  Investing activities used $60,709 in cash and financing
activities used $85,210 during the period.

As of Sept. 30, 2017, the Company had no long term liabilities.  

"We will require substantial additional financing in the
approximate amount of $4,500,000 in order to execute our business
expansion and development plans and we may require additional
financing in order to sustain substantial future business
operations for an extended period of time.  We currently do not
have any firm arrangements for financing and we may not be able to
obtain financing when required, in the amounts necessary to execute
on our plans in full, or on terms which are economically feasible.

"We have experienced recurring net losses and had an accumulated
deficit of $5,211,751 as of September 30, 2017.  To date, we have
not been able to produce sufficient sales to become cash flow
positive and profitable on a consistent basis.  The success of our
business plan during the next 12 months and beyond will be
contingent upon generating sufficient revenue to cover our costs of
operations and/or upon obtaining additional financing.  For these
reasons, our auditor has raised substantial doubt about our ability
to continue as a going concern," the Company stated in the report.

Sadler, Gibb & Associates, LLC, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2016.  The Company has suffered net losses and has
accumulated a significant deficit.  The auditors said these factors
raise substantial doubt about the Company's ability to continue as
a going concern.

Sunvalley Solar reported a net loss of $999,000 on $8.49 million of
revenue for the year ended Dec. 31, 2016, compared to net income of
$195,800 on $5.78 million of revenue for the year ended Dec. 31,
2015.

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

                     https://is.gd/wz7Idq

                     About Sunvalley Solar

Sunvalley Solar, Inc. markets, sells, designs and installs solar
panels for residential and commercial customers.  The Company's
primary market is in the state of California, however the Company
may sell anywhere in the United States.


SYNCHRONOSS TECHNOLOGIES: May Face Delisting on Delayed 10-Qs
-------------------------------------------------------------
Synchronoss Technologies, Inc., (NASDAQ: SNCR), a global leader and
innovator of cloud, messaging and digital transformation products,
on Nov. 20, 2017, disclosed that it has received an anticipated
letter from the Listing Qualifications Department of The Nasdaq
Stock Market stating that, unless the Company requests a hearing
before the Nasdaq Hearings Panel by Nov. 22, 2017, the Company's
common stock is subject to suspension and delisting procedures
based upon its inability to maintain compliance with Nasdaq's
filing requirement, as set forth in Listing Rule 5250(c)(1) (the
"Rule").

Nasdaq's staff determination letter was issued in accordance with
standard Nasdaq procedures due to the delayed filing of the
Company's Forms 10-Q for the quarters ended March 31, June 30 and
September 30, 2017 with the Securities and Exchange Commission (the
"SEC").

Synchronoss intends to timely request a hearing before the Panel.
A hearing request will automatically stay the suspension and
delisting of the Company's common stock for a period of 15 days.
The stay may be extended at the option of the Panel upon the
Company's request.  Concurrent with the hearing request, the
Company intends to ask the Panel for an extension pending the
issuance of the Panel's decision following the hearing.

At the hearing, the Company will present its plan to regain
compliance with the Rule and will request the continued listing of
its common stock on Nasdaq while it works to become current in its
periodic public filings with the SEC.  Under the Nasdaq Listing
Rules, the Panel may, in its discretion, determine to continue the
Company's listing pursuant to an exception for a maximum of 180
calendar days from the date of the Nasdaq delisting notice.  There
can be no assurance that the Panel will grant the Company's
request.

                  About Synchronoss Technologies

Synchronoss (NASDAQ: SNCR) -- http://www.synchronoss.com/-- is an
innovative software company that helps both service providers and
enterprises realize and execute their goals for mobile
transformation now.


TAKATA CORP: Exclusive Plan Filing Period Moved to January 21
-------------------------------------------------------------
The Hon. Brendan L. Shannon of the U.S. Bankruptcy Court for the
District of Delaware, at the behest of TK Holdings Inc. and its
affiliated debtors, has extended the exclusive periods during which
the Debtors have the exclusive right to file a chapter 11 plan and
solicit acceptance of its plan, through January 21 and February 27,
2018, respectively.

The Troubled Company Reporter has previously reported that the
Debtors sought for exclusivity extension asserting that Takata's
insolvency requires the coordination of multiple insolvency
proceedings across a number of jurisdictions. In addition to the
Chapter 11 Cases, Takata Corporation, the Debtors' ultimate
corporate parent, together with Takata Kyushi K.K. and Takata
Service Corporation (the "Japanese Debtors"), commenced civil
rehabilitation proceedings under the Civil Rehabilitation Act of
Japan in the 20th Department of the Civil Division of the Tokyo
District Court on the Petition Date.

The Japanese Debtors have sought recognition of the Japan
Proceedings with the Court under chapter 15 of the Bankruptcy Code.
In addition, both the Debtors and the Japanese Debtors have also
commenced ancillary proceedings under the Companies' Creditors
Arrangement Act (Canada), in the Ontario Superior Court of Justice
(Commercial List) in Ontario, Canada. These international
proceedings require coordination and communication to ensure a
successful outcome of the Debtors' Chapter 11 Cases.

If the size and geographic reach of the Debtors were not
complicated enough, as the Court is aware, the Debtors are in the
midst of the largest recall in U.S. automotive history relating to
certain airbag inflators containing phase-stabilized ammonium
nitrate ("PSAN Inflators") manufactured by Takata that have
ruptured during deployment.

As of the Petition Date, over 60 million PSAN Inflators in the
U.S., and more than 64 million PSAN Inflators outside of the U.S.,
have been or will be subject to recalls based on announced
schedules. By December 31, 2019, all vehicles in the U.S.
containing non-desiccated PSAN Inflators will be subject to NHTSA's
recalls.

In addition to managing their ongoing day-to-day operations,
manufacturing sufficient replacement kits to ensure compliance with
their ongoing NHTSA obligations, and ensuring the safety of
end-users of those Takata airbags containing PSAN Inflators, since
the Petition Date, the Debtors have been diligently working and
negotiating with Key Safety Systems, Inc. ("Plan Sponsor") and a
group of fourteen of Takata's original equipment manufacturer
customers ("Consenting OEMs").

The Debtors said that they were already on the verge of executing
transaction documents with the Plan Sponsor for the sale of
substantially all of Takata's worldwide assets. The Debtors, the
Plan Sponsor, and the Consenting OEMs have agreed in principle to
this sale of the Debtors' assets to the Plan Sponsor, which, with
respect to the Debtors, will be consummated pursuant to a Chapter
11 Plan and an asset purchase agreement ("U.S. Acquisition
Agreement"), which the Debtors expect to be filed with the Court
shortly.

The Debtors told the Court that the Plan Sponsor has agreed to an
aggregate purchase price of $1.588 billion for all of Takata's
assets. Additionally, the Debtors have worked to finalize, in
support of the Plan, a restructuring support agreement among the
parties, which they anticipate filing with the Court with the Plan
and the U.S. Acquisition Agreement. The Plan and RSA, as well as
the sale through the U.S. Acquisition Agreement, will have the
support of the Consenting OEMs, which are the Debtors' largest
creditor group.

In addition to the U.S. Acquisition Agreement, which governs the
sale to the Plan Sponsor by the Debtors, certain Takata entities
and the Plan Sponsor have entered into additional acquisition
agreements for the sale of assets in Europe, Japan, and other
regions. As the Court is aware, a sale of substantially all of the
Debtors' assets must be completed by no later than February 28,
2018 in order to satisfy the payment of the remaining $850 million
restitution payment that TKJP is obligated to pay pursuant to the
Plea Agreement entered into by TKJP, the Department of Justice,
Criminal Division, Fraud Section, and the U.S. Attorney's Office
for the Eastern District of Michigan in connection with the
criminal investigation of Takata.

Accordingly, the Debtors claimed that the requested extension
fulfills the crucial purpose of providing the Debtors with an
opportunity to finalize the Global Transaction Documents, including
the Plan. The filing of the Plan is not merely possible, but high
likely, because the Debtors, the Consenting OEMs, and the Plan
Sponsor have finalized several critical Global Transaction
Documents that support the Plan. The Global Accommodation Agreement
and the RSA signify the Consenting OEMs' support and willingness to
compromise in furtherance of a executing the Global Transaction.
With these agreements, the Debtors can diligently seek approval to
solicit acceptances and secure confirmation after filing the Plan.

                     About Takata Corp

Japan-based Takata Corporation (TYO:7312) --
http://www.takata.com/en/-- develops, manufactures and sells  
safety products for automobiles.  The Company offers seatbelts,
airbags, steering wheels, child seats and trim parts.

Headquartered in Tokyo, Japan, Takata operates 56 plants in 20
countries with approximately 46,000 global employees worldwide.
The Company has subsidiaries located in Japan, the United States,
Brazil, Germany, Thailand, Philippines, Romania, Singapore, Korea,
China and other countries.

Takata Corp. filed for bankruptcy protection in Tokyo and the U.S.,
amid recall costs and lawsuits over its defective airbags. Takata
and its Japanese subsidiaries commenced proceedings under the Civil
Rehabilitation Act in Japan in the Tokyo District Court on June 25,
2017.

Takata's main U.S. subsidiary TK Holdings Inc. and 11 of its U.S.
and Mexican affiliates each filed voluntary petitions under Chapter
11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case
No.17-11375) on June 25, 2017.  Together with the bankruptcy
filings, Takata announced it has reached a deal to sell all its
global assets and operations to Key Safety Systems (KSS) for
US$1.588 billion.

Nagashima Ohno & Tsunematsu is Takata's counsel in the Japanese
proceedings. Weil, Gotshal & Manges LLP and Richards, Layton &
Finger, P.A., are serving as counsel in the U.S. cases.
PricewaterhouseCoopers is serving as financial advisor, and Lazard
is serving as investment banker to Takata.  Ernst & Young LLP is
tax advisor.  Prime Clerk is the claims and noticing agent.

Skadden, Arps, Slate, Meagher & Flom LLP is serving as legal
counsel, KPMG is serving as financial advisor, Jefferies LLC is
acting as lead financial advisor.  UBS Investment Bank also
provides financial advice to KSS.

On June 28, 2017, TK Holdings, as the foreign representative of the
Chapter 11 Debtors, obtained an order of the Ontario Superior Court
of Justice (Commercial List) granting, among other things, a stay
of proceedings against the Chapter 11 Debtors pursuant to Part IV
of the Companies' Creditors Arrangement Act.  The Canadian Court
appointed FTI Consulting Canada Inc. as information officer. TK
Holdings, as the foreign representative, is represented by McCarthy
Tetrault LLP.

The U.S. Trustee has appointed an Official Committee of Unsecured
Trade Creditors and a separate Official Committee of Tort
Claimants.

The Official Committee of Unsecured Creditors has selected
Christopher M. Samis, Esq., L. Katherine Good, Esq., and Kevin F.
Shaw, Esq., at Whiteford, Taylor & Preston LLC, in Wilmington,
Delaware; Dennis F. Dunne, Esq., Abhilash M. Raval, Esq., and Tyson
Lomazow, Esq., at Milbank Tweed Hadley & McCloy LLP, in New York;
and Andrew M. Leblanc, Esq., at Milbank, Tweed, Hadley & McCloy
LLP, in Washington, D.C., as its bankruptcy counsel.  The Committee
has also tapped Chuo Sogo Law Office PC as Japan counsel.

The Official Committee of Tort Claimants selected Pachulski Stang
Ziehl & Jones LLP as counsel.  Gilbert LLP will evaluate of the
insurance policies.  Sakura Kyodo Law Offices will serve as special
counsel.

Roger Frankel, the legal representative for future personal injury
claimants of TK Holdings Inc., et al., tapped Frankel Wyron LLP and
Ashby & Geddes PA to serve as co-counsel.

Takata Corporation ("TKJP") and affiliates Takata Kyushu
Corporation and Takata Services Corporation commenced Chapter 15
cases (Bankr. D. Del. Case Nos. 17-11713 to 17-11715) on Aug. 9,
2017, to seek U.S. recognition of the civil rehabilitation
proceedings in Japan.  The Hon. Brendan Linehan Shannon oversees
the Chapter 15 cases.  Young, Conaway, Stargatt & Taylor, LLP,
serves as Takata's counsel in the Chapter 15 cases.


TAKATA CORP: Seals $1.59 Billion Sale of Global Assets to KSS
-------------------------------------------------------------
Key Safety Systems, a global leader in mobility safety
headquartered in Sterling Heights, Michigan, USA, and Takata
Corporation ("Takata"), a leading global supplier of automotive
safety systems such as seat belts, airbags and child seats, based
in Tokyo, Japan, on Nov. 21, 2017, disclosed that they have signed
a definitive agreement under which KSS will acquire substantially
all of Takata's global assets and operations for an aggregate
purchase price of $1.588 Billion (approximately JPY175 billion)*.

The definitive purchase agreement announced on Nov. 21 is
consistent with the memorandum of understanding announced by KSS
and Takata on June 26, 2017.  Specifically, under the agreement,
KSS will acquire substantially all of Takata's assets, except for
certain assets and operations related to Takata's manufacturing and
sale of phase-stabilized ammonium nitrate (PSAN) airbag inflators.
Takata's PSAN-related operations will be run by reorganized Takata
following the transaction closing and eventually will be wound
down.

The transaction will position KSS to become a global leader in the
automotive safety business with pro forma combined sales of
approximately $7 Billion (JPY771 billion)* and roughly 60,000
employees in 23 countries.  KSS plans to continue to support and
utilize Takata's presence in Japan, and looks forward to working
with all the Takata employees and manufacturing facilities in Japan
and around the world.

Yuxin Tang, President of KSS, said: "The acquisition of Takata fits
perfectly with KSS's century-long commitment to the automotive
business.  The combined company will enhance our ability to serve
customers globally and provide superior products and innovation in
the rapidly evolving auto safety industry.  We enter this
transaction in a spirit of partnership and anticipate executives
and employees from both KSS and Takata together will play important
roles -- from initial integration through strategic execution.  We
look forward to completing the transaction and advancing the next
phase of growth for the new combined company."       

Shigehisa Takada, Chairman & CEO of Takata, said: "We are very
pleased to have reached this agreement with KSS, which is an
important step toward the consummation of our sale and achieving
the objectives we identified at the outset of this process.  Our
top priorities continue to be providing a steady supply of products
to our valued customers, including replacement parts for recalls,
and a stable home for our exceptional employees.  We believe that
the combined business will be well positioned for long-term success
in the global automotive industry."

KSS will finance the deal using a combination of debt and equity.

The closing of this transaction, which is expected in the first
quarter of 2018, is subject to certain conditions, including
bankruptcy court approval in both Japan and the United States,
consenting OEM agreements and customer documentation, receipt of
regulatory approvals and other customary closing conditions.

Skadden, Arps, Slate, Meagher & Flom LLP is serving as legal
counsel, KPMG is serving as financial advisor, and Jefferies LLC is
acting as lead financial advisor to KSS.

The Skadden team was led by Corporate Restructuring partner Ron
Meisler (Chicago) and M&A partner Steven Daniels (Wilmington).  The
team also included M&A partner Matthias Horbach (Frankfurt),
Corporate Restructuring partner Felicia Gerber Perlman (Chicago),
Banking partners Seth Jacobson (Chicago) and Clive Wells (London),
Tax partner Stuart Finkelstein (New York), Litigation partners
Albert Hogan III (Chicago) and Amy Van Gelder (Chicago), and
Antitrust and Competition partners John Lyons (Washington, D.C.)
and Ingrid Vandenborre (Brussels).

Nagashima Ohno & Tsunematsu and Weil, Gotshal & Manges LLP are
serving as legal counsel to Takata.  PricewaterhouseCoopers is
serving as financial advisor, and Lazard is serving as investment
banker to Takata.   

*Exchange rate of US$1.00 = JPJPY110.2 used throughout

                    About Key Safety Systems

Japan-based Takata Corporation (TYO:7312) --
http://www.takata.com/en/-- develops, manufactures and sells
safety products for automobiles.  The Company offers seatbelts,
airbags, steering wheels, child seats and trim parts.

Headquartered in Tokyo, Japan, Takata operates 56 plants in 20
countries with approximately 46,000 global employees worldwide.
The Company has subsidiaries located in Japan, the United States,
Brazil, Germany, Thailand, Philippines, Romania, Singapore, Korea,
China and other countries.

Takata Corp. filed for bankruptcy protection in Tokyo and the U.S.,
amid recall costs and lawsuits over its defective airbags.  Takata
and its Japanese subsidiaries commenced proceedings under the Civil
Rehabilitation Act in Japan in the Tokyo District Court on June 25,
2017.

Takata's main U.S. subsidiary TK Holdings Inc. and 11 of its U.S.
and Mexican affiliates each filed voluntary petitions under Chapter
11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No.
17-11375) on June 25, 2017.  Together with the bankruptcy filings,
Takata announced it has reached a deal to sell all its global
assets and operations to Key Safety Systems (KSS) for
US$1.588 billion.

Nagashima Ohno & Tsunematsu is Takata's counsel in the Japanese
proceedings.  Weil, Gotshal & Manges LLP and Richards, Layton &
Finger, P.A., are serving as counsel in the U.S. cases.
PricewaterhouseCoopers is serving as financial advisor, and Lazard
is serving as investment banker to Takata.  Ernst & Young LLP is
tax advisor.  Prime Clerk is the claims and noticing agent.

Skadden, Arps, Slate, Meagher & Flom LLP is serving as legal
counsel, KPMG is serving as financial advisor, Jefferies LLC is
acting as lead financial advisor.  UBS Investment Bank also
provides financial advice to KSS.

On June 28, 2017, TK Holdings, as the foreign representative of the
Chapter 11 Debtors, obtained an order of the Ontario Superior Court
of Justice (Commercial List) granting, among other things, a stay
of proceedings against the Chapter 11 Debtors pursuant to Part IV
of the Companies' Creditors Arrangement Act.  The Canadian Court
appointed FTI Consulting Canada Inc. as
information officer. TK Holdings, as the foreign representative, is
represented by McCarthy Tetrault LLP.

The U.S. Trustee has appointed an Official Committee of Unsecured
Trade Creditors and a separate Official Committee of Tort
Claimants.

The Official Committee of Unsecured Creditors has selected
Christopher M. Samis, Esq., L. Katherine Good, Esq., and Kevin F.
Shaw, Esq., at Whiteford, Taylor & Preston LLC, in Wilmington,
Delaware; Dennis F. Dunne, Esq., Abhilash M. Raval, Esq., and Tyson
Lomazow, Esq., at Milbank Tweed Hadley & McCloy LLP, in New York;
and Andrew M. Leblanc, Esq., at Milbank, Tweed, Hadley & McCloy
LLP, in Washington, D.C., as its bankruptcy counsel.  The Committee
has also tapped Chuo Sogo Law Office PC as Japan counsel.

The Official Committee of Tort Claimants selected Pachulski Stang
Ziehl & Jones LLP as counsel.  Gilbert LLP will evaluate of the
insurance policies.  Sakura Kyodo Law Offices will serve as special
counsel.

Roger Frankel, the legal representative for future personal injury
claimants of TK Holdings Inc., et al., tapped Frankel Wyron LLP and
Ashby & Geddes PA to serve as co-counsel.

Takata Corporation ("TKJP") and affiliates Takata Kyushu
Corporation and Takata Services Corporation commenced Chapter 15
cases (Bankr. D. Del. Case Nos. 17-11713 to 17-11715) on Aug. 9,
2017, to seek U.S. recognition of the civil rehabilitation
proceedings in Japan.  The Hon. Brendan Linehan Shannon oversees
the Chapter 15 cases.  Young, Conaway, Stargatt & Taylor, LLP,
serves as Takata's counsel in the Chapter 15 cases.


TEC-AIR INC: Dec. 13 Auction of All Assets Set
----------------------------------------------
Judge Janet S. Baer of the U.S. Bankruptcy Court for the Northern
District of Illinois authorized Tec-Air, Inc.'s bidding procedures
in connection with the sale of substantially all assets to
Chatterjee Management Co. for (i) $4,000,000 plus the Cure Costs
and assumption of the assumed liabilities, subject to overbid.

A hearing on the Motion was held on Nov. 7, 2017, at 9:30 a.m.
(PCT).

The Debtor is authorized to enter into and execute the Stalking
Horse APA and to perform its obligations under the Stalking Horse
APA, as modified by the Order.  The Stalking Horse Bidder is hereby
deemed a Qualified Bidder, whose bid as set forth in the Stalking
Horse APA will be deemed a Qualified Bid.

The Debtor, in consultation with the Committee and the Debtor's
prepetition senior secured lender, The Leaders Bank, will have the
right to determine at the Auction that any Qualified Bidder
including the Stalking Horse Bidder will be the Back-Up Bid.

The key provisions of the Bidding Procedures are:

     a. Purchased Assets: Each bid must (i) be a bulk bid to
purchase all or substantially all of the Purchased Assets, and
must
clearly state which liabilities of the Debtor the Qualified Bidder
is agreeing to assume.

     b. Initial Minimum Overbid: Each bid must provide for the
assumption of the Assumed Liabilities and the aggregate
consideration proposed by each bid must equal or exceed the sum of:
(i) cash in an amount equal to $4,000,000; plus (ii) assumption of
the Cure Costs and Supplier Obligations up to an aggregate amount
of $600,000; plus (iii) cash equal to the sum of the Break-Up Fee;
plus (iv) $50,000 in cash.

     c. Deposit: Each bid must be accompanied by a cash deposit in
the amount equal to $200,000 to be held in an interest-bearing
escrow account to be identified and established by the Debtor.

     d. Bid Deadline: The Debtor proposes that the deadline for a
Potential Bidder to submit a bid (other than the Stalking Horse
Bidder or its designee or assignee) will be Dec. 11, 2017 at 12:00
p.m. (PCT).

     e. Auction:  To the extent the Debtor receives at least one
Qualified Bid, other than that of the Stalking Horse Bidder, the
Debtor will conduct the Auction commencing at 10:00 a.m. (PCT) on
Dec. 13, 2017, at the offices of Polsinelli PC, 150 N. Riverside
Plaza, Suite 3000, Chicago, Illinois 60606, or such later date and
time as selected by the Debtor.  If the Debtor does not receive a
Qualified Bid other than that of the Stalking Horse Bidder, the
Debtor will not hold the Auction, and the Stalking Horse Bidder
will be named the Successful Bidder.  No later than 2:00 p.m. (PCT)
on the day that is one business day before the Auction, the Debtor
will notify all Qualified Bidders (including the Stalking Horse
Bidder) and respective counsel to the Committee and Leaders whether
the Auction will occur

     f. Baseline Bid: At the beginning of the Auction, the Debtor
and its professional advisors will, in consultation with the
Committee, if any, announce the highest Qualified Bid received by
the Bid Deadline which will serve as the baseline bid at the
Auction.

     g. Minimum Overbid Increments: $25,000

     h. Sale Hearing: Dec. 14, 2017 at 10:00 a.m. (PCT)

     i. Sale Objection Deadline/Contract Objection Deadline: No
later than 4:00 p.m. (PCT) on Dec. 7, 2017

The Sale Notice is approved.  It provides all parties in interest
good and sufficient notice of the relief sought in the Motion,
including, but not limited to, the Auction, the Bid Deadline, the
Bidding Procedures (including without limitation the Break-Up Fee),
the Sale Hearing and the Sale.

Within two days of the entry of the Bidding Procedures Order, the
Debtor will serve copies of the Order and the Sale Notice upon all
interested parties.

The Contract Procedures, setting forth, among other things, the
procedures for determining the Cure Costs and the deadline for
objecting to the Cure Costs and/or the proposed assumption and
assignment of executory contracts and unexpired leases, as provided
in the Motion, are approved in their entirety, except as modified
in the Order.  The Cure Notice which provides proper notice to all
parties in interest and is approved.  The Debtor will serve the
Cure Notice on all Contract Parties no later than Nov. 21, 2017.

The Debtor is authorized to share certain of the Contracts and
Leases that contain confidentiality restrictions with Qualified
Bidders, including the Stalking Horse Bidder, subject to the terms
of the non-disclosure agreement by and between the Debtor and each
Qualified Bidder.

In accordance with the provisions of Section 9.2 of the Stalking
Horse APA, in the event that the Court approves a transaction with
a Qualified Bidder that is not the Stalking Horse Bidder, the
Debtor is authorized and directed to pay to the Stalking Horse
Bidder as compensation for the Stalking Horse Bidder's efforts in
connection with the negotiation and execution of the Stalking Horse
APA, and the transactions contemplated thereby, a breakup fee in
the amount of $215,000 not later than the time of the closing of
the  Alternative Transaction, in immediately available, good
funds.

The Stalking Horse Bidder will have an allowed administrative
priority claim in Debtor’s bankruptcy case for any portion of the
Break-Up Fee that is not paid at the time of closing of the
Alternative Transaction pursuant to section 503(b)(l)(A) of the
Bankruptcy Code.

In the event Leaders submits a credit bid in accordance with
subsection (1) of Section A of the Bidding Procedures, Leaders will
not have the consultation rights provided for in the Order or in
the Bidding Procedures.

All of the dates set forth on Schedule l are approved.

Any payments made to the Debtor's alleged secured creditors at
closing of the Sale will remain subject to the Committee's rights
to challenge such creditor's liens and security interests under the
applicable orders of this Court preserving such rights.

This Order will constitute findings of fact and conclusions of law
and will take effect immediately upon execution thereof.
Notwithstanding the possible applicability of Bankruptcy Rule 6003
or 6004(h) or otherwise, the terms and conditions of the Order will
be immediately effective and enforceable upon its entry, and no
automatic stay of execution will apply to the Order.

A copy of the Schedule 1, the Bidding Procedures, and the Sale
Notice attached to the Order is available at:

    http://bankrupt.com/misc/Tec-Air_Inc_63_Order.pdf

                      About Tec-Air, Inc.

Tec-Air, Inc., doing business as Tec Air, Inc. --
https://www.tecairinc.com/ -- manufactures, designs and develops
injection molded plastic parts for the consumer appliance,
automotive, off highway vehicle, industrial equipment, medical, air
movement and HVAC industries.  Tec-Air's 130,000-sq ft
manufacturing
facility, engineering lab, and business headquarters are located in
Lake Business Center in Munster, Indiana.  The company was founded
by Richard E. Swin, Sr. in 1965.

Tec-Air, Inc. sought Chapter 11 protection (Bankr. N.D. Ill. Case
No. 17-32273) on Oct. 27, 2017.  Robert J. McMurtry, president and
CEO, signed the petition.  The Debtor estimated assets and
liabilities in the range of $1 million to $10 million.  

The case is assigned to Judge Janet S. Baer.

The Debtor tapped Michael H. Traison, Esq., Jason S. Steele, Esq.,
and Nicole
Stefanelli, Esq., at Cullen and Dykman LLP, as counsel.

The Office of the U.S. Trustee on Nov. 6, 2017, appointed seven
creditors to serve on an official committee of unsecured creditors.


THINK FINANCE: Proposes Sale of Miscellaneous Assets
----------------------------------------------------
Think Finance, LLC, and its affiliates ask the U.S. Bankruptcy
Court for the Northern District of Texas to authorize their sale of
miscellaneous assets, including, without limitation, technology
equipment, furniture, supplies, fixtures, and other miscellaneous
personal property, outside the ordinary course of business, free
and clear of all Interests.

A hearing on the Motion is set for Dec. 12, 2017 at 1:30 p.m.
(PCT).  The objection deadline is Dec. 5, 2017 at 4:00 p.m. (PCT).

In the ordinary course of their business, the Debtors have
accumulated and currently are in possession of the Miscellaneous
Assets that are no longer necessary for their operations.  As set
forth in the Briggs Declaration, in the weeks leading up to their
bankruptcy filing, they implemented a reduction in force process,
which impacted 31 employees and further reduced their need for the
Miscellaneous Assets.

The Debtors believe that in most cases, the Miscellaneous Assets
will be of relatively low value compared to the Debtors' total
assets.  Additionally, they believe that no one purchaser would be
interested in purchasing all of the Miscellaneous Assets.  However,
there are various potential purchasers that may be interested in
one item or groups of items, which the Debtors believe they would
be able to profitably sell for the benefit of their estates and
creditors.  In the event they're able to locate buyers for the
Miscellaneous Assets, it is likely that the proposed buyers' offers
will be conditioned on a quick sale and a process that minimizes
costs and expenses.

Accordingly, the Debtors want to implement procedures pursuant to
which they may sell the Miscellaneous Assets, individually or in
groups, on an expedited basis, without incurring the delay and
costs associated with the preparation, filing, service, and hearing
of a motion for approval of each such sale, free and clear of all
Interests, with any such Interests attaching to the sale proceeds.
Because of the types of assets involved, the short window of
opportunity often available to consummate sale transactions for
such assets, and the relatively low value of the Miscellaneous
Assets in light of the size of the Debtors' estates, they believe
that conducting auctions and obtaining Court approval for each
proposed sale transaction will, in many cases, result in costs that
are disproportionate to the anticipated sale proceeds.

In order to strike a balance between the desire to maximize the
value of the Miscellaneous Assets to the Debtors’ estates and the
necessity of providing parties-in-interest notice and an
opportunity to object to transactions out of the ordinary course of
business, the Debtors propose these procedures for the sale of the
Miscellaneous Assets:

     a. The Debtors are authorized to sell Miscellaneous Assets
with a sale price equal to or less than $50,000 without notice to
any party or further Court order.

     b. The Debtors are authorized to sell Miscellaneous Assets
with a sale price greater than $50,000 and equal to or less than
$500,000.

     c. Each Miscellaneous Asset Sale Notice will specify (i) the
Miscellaneous Asset or Miscellaneous Assets to be sold; (ii) the
identity of the proposed purchaser (including a statement of any
connection between the proposed purchaser and the Debtors); and
(iii) the proposed sale price, and if requested by the purchaser, a
copy of the proposed form of order.

     d. Each Miscellaneous Asset Sale Notice will specify (i) the
Miscellaneous Asset or Miscellaneous Assets to be sold; (ii) the
identity of the proposed purchaser (including a statement of any
connection between the proposed purchaser and the Debtors); and
(iii) the proposed sale price, and if requested by the purchaser, a
copy of the proposed form of order.

     e. If a Notice Party objects to the proposed transaction prior
to the expiration of the Notice Period and the Debtors and such
objecting Notice Party are unable to achieve a consensual
resolution, the Debtors will not take any further steps to
consummate the Miscellaneous Asset Sale without first obtaining the
Court's approval for the specific transaction, which approval may
be obtained on an expedited basis, with advance notice to the
objecting Notice Party.

     f. Within 15 days following the end of each calendar month in
which a Miscellaneous Asset Sale has taken place, the Debtors will
file a report of Miscellaneous Asset Sales that occurred during
such calendar month.

     g. All purchasers will acquire the Miscellaneous Assets sold
by the Debtors pursuant to these Miscellaneous Asset Sale
Procedures on an "as is" basis without any representations or
warranties from the Debtors as to the quality or fitness of such
assets for either their intended or any other purposes; provided,
however, that buyers will take title to the Miscellaneous Assets
free and clear of all Interests.

     h. Good faith purchasers of the Miscellaneous Assets will be
entitled to the protections of Section 363(m) of the Bankruptcy
Code.

The Debtors claim they have a sound business justification for
selling the Miscellaneous Assets and for establishing procedures to
permit the Debtors to accomplish such sales in the most efficient
manner possible.  In particular, allowing them to sell assets
pursuant to the Miscellaneous Asset Sale Procedures proposed in the
Motion provides the most efficient and cost-effective means of
maximizing the value of the Miscellaneous Assets and, thus, is in
the best interests of their estates.

According to the Debtors, the relief requested is essential to
avoid the potential accrual of unnecessary administrative expenses.
Accordingly, the Debtors submit that, to the extent that
Bankruptcy Rule 6004(h) applies, ample cause exists to justify a
waiver of the 14-day stay.

                        About Think Finance

Think Finance, Inc. -- https://www.thinkfinance.com/ -- is a
provider of software technology, analytics, and marketing services
to financial clients in the consumer lending industry.  Think
Finance offers an end-to-end, professionally managed online lending
program.  The company's customized services allow clients to
create, develop, launch and manage their loan portfolio while
effectively serving customers.  For over 15 years, the company has
helped its clients originate over 2 million loans enabling them to
put more than $4 billion in credit on the street.

Think Finance, LLC, along with six affiliates, sought Chapter 11
protection (Bankr. N.D. Tex. Lead Case No. 17-33964) on Oct. 23,
2017.

Think Finance estimated assets of $100 million to $500 million and
debt of $10 million to $50 million.

The Hon. Harlin DeWayne Hale is the case judge.

The Debtors tapped Hunton & Williams LLP as counsel; Alvarez &
Marsal as financial advisor; and American Legal Claims Services,
LLC, as claims and noticing agent.

On Nov. 2, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.


TRANS-LUX CORP: Hikes SCM Specialty Credit Facility to $3 Mil.
--------------------------------------------------------------
Trans-Lux Corporation and its wholly-owned subsidiaries Trans-Lux
Display Corporation, Trans-Lux Midwest Corporation and Trans-Lux
Energy Corporation, as borrowers, entered into a Seventh Amendment
to the Credit and Security Agreement, dated as of Nov. 16, 2017,
with SCM Specialty Finance Opportunities Fund, L.P., as lender, to
provide for certain amendments to that certain Credit and Security
Agreement with SCM, dated July 12, 2016, to allow the revolving
credit line limit to increase from $2 million to $3 million.  A
full-text copy of the Seventh Amendment to Credit and Security
Agreement is available for free at https://is.gd/kFoMel

                        About Trans-Lux

Headquartered in New York, Trans-Lux Corporation designs and makes
digital display solutions, fixed digit scoreboards and LED lighting
fixtures and lamps.

The Company said in its quarterly report for the period ended June
30, 2017, that it does not have adequate liquidity, including
access to the debt and equity capital markets, to operate its
business.  The Company incurred a net loss of $2.5 million in the
six months ended June 30, 2017, and has a working capital
deficiency of $5.9 million as of June 30, 2017.  As a result, the
Company's short-term business focus continues to be to preserve our
liquidity position.  

"Unless we are successful in obtaining additional liquidity, we
believe that we will not have sufficient cash and liquid assets to
fund normal operations for the next 12 months from the date of
issuance of this Form 10-Q.  In addition, the Company's obligations
under its pension plan exceeded plan assets by $4.2 million at June
30, 2017 and the Company has a significant amount due to its
pension plan over the next 12 months."

Trans-Lux reported a net loss of $611,000 for the year ended Dec.
31, 2016, following a net loss of $1.74 million for the year ended
Dec. 31, 2015.  As of Sept. 30, 2017, Trans-Lux had $15.23 million
in total assets, $19.05 million in total liabilities and a total
stockholders' deficit of $3.82 million.

Marcum LLP, in Hartford, CT, issued a "going concern" qualification
on the consolidated financial statements for the year ended Dec.
31, 2016, citing that Company has suffered recurring losses from
operations and has a significant working capital deficiency that
raise substantial doubt about its ability to continue as a going
concern.  Further, the Company is in default of the indenture
agreements governing its outstanding 9 1/2% subordinated debentures
which were due in 2012 and its 8 1/4% limited convertible senior
subordinated notes which were due in 2012 so that the trustees or
holders of 25% of the outstanding Debentures and Notes have the
right to demand payment immediately.  Additionally, the auditors
noted, the Company has a significant amount due to their pension
plan over the next 12 months.


TRICORBRAUN HOLDINGS: S&P Affirms 'B' CCR, Outlook Still Negative
-----------------------------------------------------------------
S&P Global Ratings affirmed all of its ratings, including 'B'
corporate credit rating, on St. Louis-based rigid and glass
packaging distributor TricorBraun Holdings Inc. The outlook remains
negative.

The affirmation reflects that, despite the company's very high debt
leverage (exacerbated by the multiple acquisitions it has completed
this year), S&P expects TricorBraun to reduce its adjusted
debt-to-EBITDA to 7.0x or less in the short term. The acquisition
of Richmond, British Columbia-based Taipak will expose the company
to the flexible packaging industry because its product offerings
will now include flexible boxes, pouches, and bags for the food,
beverage, and health and wellness markets. This acquisition follows
a string of other deals the company completed in 2017, including
the acquisitions of Woodbridge, Ontario-based Salbro Bottle and
Bensalem, Pa.-based Continental Packaging Associates and the buyout
of the remaining 50% stake in its Mexican joint venture.

S&P said, "The negative outlook on TricorBraun reflects the
one-in-three possibility that we will lower our ratings on the
company in the next year if its operating performance doesn't
improve and it is unable to realize the earnings and synergies from
its recently completed acquisitions. This scenario could prevent
the company from reducing its adjusted debt-to-EBITDA to the 7.0x
level that we consider appropriate for the current rating.

"We could lower our ratings on TricorBraun if debt-funded
acquisitions or significant shareholder distributions weaken its
financial profile. We could also lower the ratings if weak
operating conditions cause the company's results to come in below
our expectations. Based on our forecast downside scenario, we could
lower our ratings on the company if its operating margins fail to
rebound while its volumes stay flat. We could also lower our
ratings if unexpected cash outlays or business challenges reduce
the company's liquidity position or trigger the springing covenant
on its revolver and its headroom under the covenant tightens to
less than 10%.

"We could revise our outlook on TricorBraun to stable if
management's operational-improvement initiatives prove fruitful and
contributions from the company's acquisitions allow it to reduce
its adjusted debt-to-EBITDA to 7.0x while maintaining adequate
liquidity.

"Although we do not expect this to occur in the next year, we could
raise our ratings on TricorBraun over the intermediate-term if the
company's profitability improves significantly (by 300 basis
points), its revenue increases by 3%, and its liquidity remains
healthy. Specifically, these factors would cause the company's
adjusted debt-to-EBITDA to improve below 5.5x and its FFO-to-total
adjusted debt ratio to increase to 11%. In order to upgrade the
company, we would also need to be convinced that the company's
financial policies would support a higher rating."


USG CORP: Moody's Ups CFR to Ba1 & Changes Outlook to Stable
------------------------------------------------------------
Moody's Investors Service upgraded USG Corporation's Corporate
Family Rating to Ba1 from Ba2 and its Probability of Default Rating
to Ba1-PD from Ba2-PD, based on expectations that USG's operating
performance will result in key debt credit over the next 12 to 18
months supportive of higher ratings while maintaining very good
liquidity. In related rating actions, Moody's upgraded USG's senior
unsecured notes to Ba1 from Ba2, and its industrial revenue bonds
to Ba2 from B1. The Speculative Grade Liquidity Rating of SGL-1 is
affirmed. The rating outlook is changed to stable from positive.

The following ratings/assessments were affected by this action:

Corporate Family Rating upgraded to Ba1 form Ba2;

Probability of Default Rating upgraded to Ba1-PD from Ba2-PD;

Guaranteed senior unsecured notes upgraded to Ba1 (LGD4) from Ba2
(LGD4);

Industrial revenue bonds with various maturities (not guaranteed)
upgraded to Ba2 (LGD6) from B1 (LGD6).

Speculative Grade Liquidity Rating affirmed at SGL-1.

Outlook is changed to Stable from Positive.

RATINGS RATIONALE

The upgrade of USG's Corporate Family Rating to Ba1 from Ba2
results from Moody's expectations that USG will continue to grow
operating profits and resulting cash flows due to higher volumes
and potentially some modest increase in pricing across product
lines, driving further improvement in credit ratios. Over the next
12-18 months, Moody's projects USG's EBITA margins remaining around
15%. Moody's forecast debt leverage slightly below 2.0x by mid-2019
from 2.2x at 3Q17 and free cash flow-to-debt in the low 20% range
over same time period (all ratios incorporate Moody's standard
adjustments). Consistent with Moody's standard adjustments, Moody's
add an additional $180 million to balance sheet debt for pension
liabilities, which should be lower in 2018 since USG will
contribute throughout the year about $71 million to its pension
plans, and about $110 million for operating lease commitments.
Total adjusted balance sheet debt is about $815 million at 3Q17. A
very good liquidity profile characterized by free cash flow
generation throughout the year, significant cash on hand and
marketable securities ($445 million at September 30), and no
near-term maturities support upgrade as well.

The upgrade also considers Moody's expectations that USG will
continue to benefit from its end markets. Domestic repair and
remodeling activity and new residential construction, drivers of
gypsum revenues and resulting earnings and cash flow generation,
continue to exhibit solid growth potential. The National
Association of Home Builders (NAHB) Remodeling Market Index, an
industry survey that gauges remodeling contractors' expectations of
demand over the next three months, was 57 in September 2017, well
above 50, meaning the majority of contractors surveyed believe
market conditions are improving. New home construction, another
good source of revenues, is growing steadily. Moody's maintains a
positive outlook for the domestic homebuilding industry and
projects new housing starts will reach 1.33 million starts in 2018,
representing a 6.4% increase from Moody's projected 1.25 million
for 2017.

The Ba1 Corporate Family Ratings considers also USG's business
profile challenges, which include exposure to cyclical end markets
and distribution channel concentration among big box retailers.
Event risk such as higher-than-anticipated return of capital to
shareholders further constrains the rating at this time. For nine
months through September 30, 2017, USG repurchased $153 million of
common stock under its $250 million authorization. Moody's expects
repurchases of similar cadence of share repurchases over next 12 --
18 months, but prudently managed tempered by stock price,
acquisitions, economic conditions and resulting free cash flow. USG
may pursue partial growth though debt-financed acquisitions in its
surface and substrates business. However, USG has significant
cushion within its credit profile to accommodate modest levels of
higher leverage.

USG's change in rating outlook to stable from positive reflects
Moody's expectation that while key credit metrics should remain
strong, the company's deployment of capital for
shareholder-friendly activities and potential acquisitions limits
upside ratings at this time.

Further positive rating actions are unlikely over the intermediate
term despite strong credit metrics. USG's business profile
characterized by dependence on its gypsum business, geographic
concentration to North America, and exposure to cyclical end
markets are significant credit constraints and difficult to
overcome. However, USG's ratings could be upgraded if revenues
approach $5.0 billion, earnings sources are further diversified,
while maintaining or improving current debt credit metrics and
conservative financial policies. Also, USG must demonstrate that it
is committed to an investment-grade ratings and its ability to
weather the volatility in the US private construction end market,
main driver of revenues and resulting earnings.

Downward rating pressures is not likely to occur over the next 12
to 18 months. However, longer term negative rating actions could
ensue if USG's operating performance falls below Moody's
expectations, resulting in the following metrics (all ratios
incorporate Moody's standard adjustments) or characteristics:

* EBITA margins contracting near 10%

* Debt-to-EBITDA staying above 3.5x

* Free cash flow-to-debt sustained below 12.5%

* Deterioration in liquidity profile

* Large debt-financed acquisitions

* Higher levels of share repurchases

The principal methodology used in these ratings was Global
Manufacturing Companies published in June 2017.

USG Corporation, headquartered in Chicago, IL, is a North American
manufacturer of wallboard, substrates and surfaces, and ceiling
tiles and grids. Warren Buffet's Berkshire Hathaway is the majority
shareholder of USG, owning about 30% of the company's stock.
Revenues for 12 months through September 30, 2017 totaled
approximately $3.1 billion.


VENOCO LLC: JD Rush Buying Oil County Tubular Goods for $548K
-------------------------------------------------------------
Venoco, LLC, and its affiliate debtors ask the U.S. Bankruptcy
Court for the District of Delaware to authorize the sale of oil
county tubular goods of various sizes, weights, grades and
conditions, including new and used casing and tubing, to JD Rush
Co., Inc. for $548,000.

A hearing on the Motion is set for Dec. 4, 2017 at 11:00 a.m. (ET).
The objection deadline is Nov. 29, 2017 at 4:00 p.m. (ET).

The Debtors and their investment banker, Seaport Global Securities,
LLC, contacted 12 strategic parties who might have had an interest
in their miscellaneous property (tubulars, equipment and other
non-site specific assets).  From these parties, they received
several bids of varying amounts for some or all of their
miscellaneous assets.

JD Rush submitted a bid of $548,000 for an assortment of the
Debtors' Property, free and clear of any and all liens, claims,
liabilities, encumbrances and interests of any kind or nature
whatsoever.  The Property is general inventory that the Debtors
used or contemplated using in their oil and gas operations. The
Debtors currently store the new condition portion of the Property
at the JD Rush stock yard in Shafter, California, and they store
the used condition portion of the Property at the National Oilwell
Varco/Tuboscope stock yard in Santa Paula, California.  The Debtors
pay monthly storage fees to store the Property.

Pursuant to the Agreement, the Property will be sold on an "as is,
with all faults, where is" basis.  To the Debtors' knowledge, the
Property is unencumbered.  Based on their review of the other bids,
and the proposed purchase price, the Debtors have determined that
JD Rush's proposal will result in the greatest recovery for these
assets for the estates.  They will continue to market and sell
other miscellaneous assets as they continue to wind down their
estates.

A copy of the Bill of Sale and the list of tubulars to be sold
attached to the Motion is available for free at:

     http://bankrupt.com/misc/Venoco_LLC_651_Sales.pdf

The Debtors have a sound business justification for selling the
Property.  The Property was marketed to strategic parties, and
these marketing efforts resulted in several bids for some or all of
the assets.  After careful analysis of these bids, the Debtors
determined that the proposal from JD Rush will result in the
highest recovery for these assets for the estates.  Consummation of
the Agreement will inject $548,000 into these estates -- a
significant net benefit that would otherwise go unrealized.
Accordingly, they ask the Court to approve the relief requested.

The Debtors submit that a waiver of the 14-day stay requirements
contained in Bankruptcy Rule 6004(h) is appropriate under the
circumstances.

The Purchaser:

          JD RUSH COMPANY, INC.
          5900 E. Lerdo Hwy.
          Shafter, CA 93263

                         About Venoco

Venoco, LLC is a California-based and privately-owned independent
energy company primarily focused on the acquisition, exploration,
production and development of oil and gas properties.  As of April
2017, Venoco held interests in approximately 57,859 net acres, of
which approximately 40,945 are developed.

On March 18, 2016, in the midst of a historic collapse in the oil
and gas industry, Venoco, Inc. -- the predecessor in interest to
Venoco, LLC -- and six of Venoco, Inc.'s affiliates commenced
voluntary Chapter 11 cases, jointly administered as In re Venoco,
Inc., 16-10655 (KG) (Bankr. D. Del. March 18, 2016), in the U.S.
Bankruptcy Court for the District of Delaware to address their
overleveraged capital structure.  In under four months, the 2016
Debtors confirmed a plan eliminating more than $1 billion in funded
debt and other liabilities.

On April 17, 2017, each of Venoco, LLC and six of its subsidiaries
filed a voluntary petition with the U.S. Bankruptcy Court for the
District of Delaware (Bankr. D. Del. Lead Case No. 17-10828).   As
of the bankruptcy filing, the Debtors estimated assets in the range
of $10 million to $50 million and liabilities of up to $100
million.

Judge Kevin Gross presides over the 2017 cases.  

The Debtors have hired Morris, Nichols, Arsht & Tunnell LLP and
Bracewell LLP as counsel; Zolfo Cooper LLC as restructuring and
turnaround advisor; Seaport Global Securities LLC as financial
advisor; and Prime Clerk LLC as claims, noticing and balloting
agent.


VENOCO LLC: Pacific Gas Buying 253 Acres of Solano Land for $1.5M
-----------------------------------------------------------------
Venoco, LLC, and its affiliates ask the U.S. Bankruptcy Court for
the District of Delaware to authorize the sale of a parcel of real
property consisting of approximately 252.6 gross acres of land in
Solano County, California, referred to as the "Lang Tule Ranch,"
together with all rights, easements, licenses, permits, benefits,
improvements, crops, betterments, accretions and interests
appurtenant thereto, to Pacific Gas and Electric Co. for
$1,545,000.

A hearing on the Motion is set for Dec. 4, 2017 at 11:00 a.m. (ET).
The objection deadline is Nov. 29, 2017 at 4:00 p.m. (ET).

The Debtors commenced the Chapter 11 cases in large part to dispose
of their remaining assets before orderly winding down their
operations.  The Sale Transaction is a key component of this
process.  The Debtors own, in fee, the Property.  

The Debtors conducted a marketing and sale process through July
2017, pursuant to the Court-approved bidding procedures, and
divided up their major assets into lots, some of which they have
since sold to various purchasers.  The Debtors have also sold or
otherwise disposed of several of their other assets through
subsequent efforts, though some sales are currently pending Court
approval and/or will be heard at the Dec. 4, 2017 hearing.

The Debtors did not market the Property through their original sale
process.  Instead, effective July 17, 2017, they retained Natural
Resources Group, Inc. ("NRG" or "Sellers's Broker"), a specialist
real estate brokerage firm with experience in brokering similar
properties in Solano County, as their sole agent with the exclusive
right to sell the Property.  Pursuant to the Retention Order, the
Debtors engaged NRG on a contingent, commission-based arrangement,
whereby NRG would be paid a percent commission of the sale price of
the Property.  NRG has since conducted a marketing and sale process
in order to liquidate the Property for the benefit of the Debtors'
estates and creditors.

As a result of a successful sale process, the Debtors received an
offer they believe to be the highest and best bid for the Property
from the Buyer.  As detailed in the Agreement, the Seller and the
Buyer have agreed to a sale of the Property for a gross sum of
$1,545,000, with $$50,000 earnest money and with customary
transaction expenses including all broker fees being paid at
closing out of the gross proceeds.  The Debtors propose to sell the
Property free and clear of any and all liens, claims, liabilities,
encumbrances and interests.

To the Debtors' knowledge, the Property is unencumbered, although
the land is subject to a certain lease agreement dated May 15, 2011
between Venoco, as the lessor, and Tim Wellman, as the Lessee.  The
Debtors are asking authority to reject the Grazing Lease.  The
Buyer has determined it does not wish to have the Grazing Lease
assigned to it, leaving the Grazing Lease with no marketable value
to be generated through assumption and assignment.

The Debtors submit that more than ample business justification
exists to sell the Property to the Buyer.  The Sale Transaction
presents the best opportunity to maximize the value of the Property
for the benefit of their estates.  Although no auction was held,
the Buyer made the best and highest offer after an open and
comprehensive marketing and sales process facilitated by the
Seller's Broker.  Indeed, the Debtors retained the Seller's Broker
for its expertise in brokering similar real property in the Solano
County, California, where the Property is located.  

The Debtors respectfully submit that a waiver of the 14-day stay
requirements contained in Bankruptcy Rules 6004(h) and 6006(d) is
appropriate under the circumstances.

A copy of the APA and the Grazing Lease attached to the Motion is
available for free at:

     http://bankrupt.com/misc/Venoco_LLC_654_Sales.pdf

The Purchaser:

          PACIFIC GAS AND ELECTRIC CO.
          Corporate Real Estate
          Transactions Department
          P.O. Box 770000, Mail Code N15G
          San Francisco, CA 94177

               - and -

          Law Department
          PACIFIC GAS AND ELECTRIC CO.
          P.O. Box 7442
          San Francisco, CA 94120
          Attn: Managing Counsel, Commercial and
          Environmental Group (Corporate Real Estate)

               - and -

          Corporate Real Estate
          Transactions Department
          PACIFIC GAS AND ELECTRIC CO.
          245 Market Street, Room 1550
          San Francisco, CA 94105

               - and -

          Law Department
          PACIFIC GAS AND ELECTRIC CO.
          77 Beale Street, Mail Code B30A
          San Francisco, CA 94105
          Attn: Managing Counsel, Commercial and
          Environmental Group (Corporate Real Estate)

                         About Venoco

Venoco LLC and six of its subsidiaries filed voluntary petitions
with the U.S. Bankruptcy Court for the District of Delaware (Bankr.
D. Del. Lead Case No. 17-10828) on April 17, 2017.  The cases have
been assigned to Judge Kevin Gross.

As of the Petition Date (and following the quitclaim of the SEF
Leases), the Debtors held interests in approximately 57,859 net
acres, of which approximately 40,945 are developed.  The majority
of the Debtors' revenues are derived through sales of oil to
competing buyers, including large oil refining companies and
independent marketers.  Nearly all of the Debtors' annual revenues
are generated from sales to one purchaser, Tesoro.  The Debtors'
revenues from oil and gas sales were approximately $33.6 million on
a rolling 12 month basis.

As of the bankruptcy filing, the Debtors estimated assets in the
range of $10 million to $50 million and liabilities of up to $100
million.  As of the petition date, the Debtors have approximately
$25 million in cash, all of which is unrestricted.  The Debtors
anticipate that they will need all or substantially all of this
cash to fund ongoing operational expenses, fund these cases and a
sale process, and wind down their affairs.

The Debtors tapped Bracewell LLP as legal counsel; Morris, Nichols,
Arsht & Tunnell LLP as co-counsel; Seaport Global Securities LLC as
investment banker; and Prime Clerk LLC as claims, noticing and
balloting agent.  Zolfo Cooper Management, LLC, and its senior
director Bret Fernandes will lead the Debtors' restructuring
efforts.

The Debtors hired Natural Resources Group, Inc., a real estate
broker, in connection with the sale of its 252-acre real property
known as Lang Tule located in Solano County, California.

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


VITAMIN WORLD: Bankruptcy Filing is Credit Negative, Moody's Says
-----------------------------------------------------------------
Moody's Investors Service commented that Vitamin World's
announcement that it will sell substantially all of its assets
instead of reorganizing its business following its Chapter 11
bankruptcy filing is credit negative for Nature's Bounty, but will
have no impact on the company's credit ratings, including the B2
Corporate Family Rating, or stable rating outlook.

Nature's Bounty, headquartered in Ronkonkoma, NY, is a manufacturer
and marketer of vitamin, mineral, and nutritional supplements
primarily in the United States. Some of the company's brands
include Nature's Bounty, Sundown and Pure Protein. Nature's Bounty
is a subsidiary of Alphabet Holding Company, Inc. (Alphabet). The
company is majority owned by private equity firm KKR with The
Carlyle Group owning a 30% minority interest. Alphabet generates
roughly $2.1 billion following close of the company's Holland and
Barrett divestiture in August.



WATERMAN STEAMSHIP: Court Denies Bid to Transfer Seaman's Suit
--------------------------------------------------------------
The Hon. Jay C. Zainey of the U.S. District Court for the Eastern
District of Louisiana has entered an order denying Waterman
Steamship Corporation's motion to transfer case to the U.S.
Bankruptcy Court for the Southern District of New York or
Alternatively, to Refer to the U.S. Bankruptcy Court for the
Eastern District of Louisiana and, upon the behest of Jack
McElveen, remanding the case to the state court.

According to his state court Petition, McElveen worked as a Jones
Act seaman aboard the M/V Maersk Alabama. McElveen allegedly fell
twisting his knee and hitting his back while moving a box out of
the freezer. McElveen's injuries allegedly occurred from this
accident.

On October 11, 2013, McElveen filed suit against Waterman and ABC
Insurance Company, seeking among other things, damages from
Waterman pursuant to the Jones Act and general maritime law,
unseaworthiness, and maintenance and cure benefits.

After several years of litigation, Waterman filed for bankruptcy
under Chapter 11. On March 2, 2017, the Bankruptcy Court entered an
Order Confirming First Amended Modified Joint Chapter 11 Plan of
Reorganization for International Shipholding Corporation and Its
Affiliated Debtors. On July 3, 2017, Waterman emerged from
bankruptcy.

On August 2, 2017, Waterman removed this action from the state
court to United States District Court for the Eastern District of
Louisiana. Thereafter, on August 22, 2017, Waterman filed a Motion
to Transfer Case to the U.S. Bankruptcy Court for the Southern
District of New York or Alternatively, to Refer to the U.S.
Bankruptcy Court for the Eastern District of Louisiana.

Waterman contends that this case is related to the bankruptcy
proceeding because McElveen is seeking to recover from a party who
went through Chapter 11 bankruptcy, and therefore any of Waterman's
potential obligations may have an effect on the administration of
the estate.

Alternatively, Waterman argues that the Court should refer the
matter to the U.S. Bankruptcy Court for the Eastern District of
Louisiana for eventual transfer to the U.S. Bankruptcy Court for
the Southern District of New York.

Moreover, Waterman argues that the bankruptcy removal statute,
Section 1452, does not expressly preclude removal of Jones Act
claims.

On the other hand, on August 31, 2017, McElveen filed a Motion to
Remand or, Alternatively, for Abstention. McElveen contends that
removal was improper in the first place. McElveen argues that Jones
Act claims filed in state court may not be removed to federal
court. McElveen asserts that the removal was improper as bankruptcy
jurisdiction does not exist under 28 U.S.C. Section 1334 because
this case does not sufficiently "relate to" or "arise under" a
Title 11 proceeding. Moreover, McElveen presents the alternative
argument of asking the Court to either equitably remand this case
to state court or abstain in the interest of justice.

The Court agrees with McElveen. The Court explains that remanding
the action to state court does not require Waterman to engage in
related litigation in different forums. The Court points out that
nothing in the pleadings suggests that necessary evidence or
witnesses are located in the Southern District of New York.
Moreover, the Court finds Louisiana to be the more suitable forum
as the McElveen is a resident of Orleans Parish and Waterman is a
business corporation having its registered office for Louisiana in
New Orleans.

The Court notes that the action is only peripherally related to the
Waterman's bankruptcy proceeding. The McElveen's Jones Act claim is
not a core proceeding to the Waterman's bankruptcy proceeding. The
fact that the Waterman has emerged from bankruptcy also supports a
finding that this case is not a core proceeding.

Moreover, the Court finds transfer of this case to the Southern
District of New York would substantially prejudice the McElveen as
this case has been pending in state court for four years.
Additionally, the cost and burden on the McElveen of having to try
this already unduly delayed matter in New York would increase
substantially.

As such, the Court agrees with the McElveen's argument that removal
at this stage would ignore McElveen's efforts in the Louisiana
state court in moving this case to trial and would result in wasted
time and effort. The Court finds this is precisely the type of case
where equity and fairness demand that this case be remanded.

The case is JACK McELVEEN, v. WATERMAN STEAMSHIP CORPORATION,
Section A(1), ET AL. Civil Action No. 17-7433. (E.D. La.).

A full-text copy of the Order is available at
http://tinyurl.com/y8f9neaofrom Leagle.com.

Jack McElveen is represented by:

             Anthony D. Irpino, Esq.
             John Benjamin Avin, Esq.
             K. Adam Avin, Esq.
             Irpino, Avin & Hawkins
             2216 Magazine Street
             New Orleans, LA 70130
             Toll Free: 800-7500-LAW

Waterman Steamship Corporation is represented by:

             Glenn Gill Goodier, Esq.
             Hansford P. Wogan, Esq.
             William C. Baldwin, Esq.
             Jones Walker
             201 St. Charles Ave
             New Orleans, LA 70170-5100
             Tel: 504.582.8000
             Fax: 504.582.8583
             Email: ggoodier@joneswalker.com
                   fwogan@joneswalker.com
                   wbaldwin@joneswalker.com

Waterman Steamship Corporation filed for bankruptcy under Chapter
11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the
Southern District of New York on July 31, 2016.  On March 2, 2017,
the U.S. Bankruptcy Court for the Southern District of New York
issued a "Findings of Fact, Conclusions of Law and an Order
Confirming First Amended Modified Joint Chapter 11 Plan of
Reorganization for International Shipholding Corporation and Its
Affiliated Debtors."  On July 3, 2017, Waterman emerged from
bankruptcy.


WELLMAN DYNAMICS: Dec. 12 Status Conference on Assets Sale Set
--------------------------------------------------------------
Judge Anita L. Shodeen of the U.S. Bankruptcy Court for the
Southern District of Iowa has entered a minute order regarding the
status conference on Wellman Dynamics Corp.'s proposed sale of
substantially all its assets to TCTM Financial DS, LLC for (i) a
credit bid of $15,500,000, (ii) cash equal to $5,000,000, and (iii)
the assumption of the Assumed Liabilities, subject to overbid.

The Court held a telephonic hearing on Nov. 16, 2017.  Based upon
the discussion conducted, the Judge ordered that any amendments to
the pending Motion to Sell and related support documents will be
filed no later than Dec. 7, 2017.  The status of resolved or
unresolved objections to the filed document(s) will be addressed at
the hearing scheduled for Dec. 12, 2017.

                  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.


WILLIAMS FINANCIAL: Referral Agreements With NAM & NSC Approved
---------------------------------------------------------------
Judge Russell Nelms of the U.S. Bankruptcy Court for the Northern
District of Texas authorized the referral agreements of WFG
Investments, Inc. with National Securities Corp. ("NSC"), and of
WFG Advisors, LP, with National Asset Management, Inc. ("NAM").

The Debtors are authorized to enter into and perform under the
Agreements and to collect the Referral Fees from NSC and NAM
pursuant to the terms of the Agreements.

Notwithstanding the possible applicability of Bankruptcy Rule
6004(h), the Order will be immediately effective and enforceable
upon its entry.

All relief not expressly granted in the Order is denied.

                  About Williams Financial Group

Williams Financial Group, Inc. and its subsidiaries WFG Management
Services Inc., WFG Investments Inc. and WFG Advisors LP sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. N.D.
Tex. Case Nos. 17-33578 to 17-33581) on Sept. 24, 2017.

At the time of the filing, Williams Financial Group estimated
assets and liabilities of $1,000,001 to $10 million.

Judge Harlin Dewayne Hale presides over the cases.

David William Parham, Esq., at Akerman LLP, serves as the Debtors'
Chapter 11 counsel.  Sessions, Fishman, Nathan & Israel LLC serves
as the Debtors' special counsel.  Baker & McKenzie LLP is the
special claims counsel.  Richard F. Amsberry P.C. is the Debtors'
accountant.


YU HUA LONG: Dec. 13 Auction Has $18.5M Opening Bid
---------------------------------------------------
Timothy J. Yoo, the Chapter 11 Trustee of Yu Hua Long Investments
LLC, asks the U.S. Bankruptcy Court for the Central District of
California to authorize the sale of of real property located in the
City of Monterey Park, California, composed of six parcels known as
(i) 120 S, Garfield Ave., APN 5257-015-003; (ii) 114 East Garvey
Ave., APN 5257-015-001; (iii) 100 S. Garfield Ave., APN
5257-015-002; (iv) 150 South Garfield Ave., APN 5257-015-004; (v)
200 South Garfield Ave., APN 5257-015-005; and (vi) a parcel known
as the City parking lot, APN 5257-015-035, formerly identified as
APN 5257-015-900, to Chang Chih International Investment, LLC, for
$18,500,000, subject to overbid.

A hearing on the Motion is set for Dec. 13, 2017 at 2:00 p.m.

The Trustee and the Buyer entered into the Vacant Land Purchase
Agreement and Joint Escrow Instructions and Addendum date Aug. 28,
2017, for the sale of the Property.

The Debtor is engaged in the development of real property located
in the City of Monterey Park, California, composed of the six
parcels.  The Property is currently vacant land except for the
parking lot.  It was transferred to the Debtor in September 2015 by
Magnus Sunhill Group, LLC.  The Debtor represented that the
Property has associated entitlements and permits for the
development of a mixed used retail and residential project known as
the Monterey Park Towne Centre but that it has not been able to
obtain financing due to various disputes and issues.  It appears
that any entitlements or permits for the Project may have expired
or become outdated.

The Trustee is informed and believes that Magnus has been engaged
in assembling the parcels comprising the Property and the
development of the Project since 2004.  The real property records
that Magnus and the City of Monterey Park entered into a
Development Agreement for the Property and the Project dated May
29, 2012, which Development Agreement replaced an earlier agreement
dated June 21, 2006.  The Development Agreement is associated with
other related agreements, including the lease of a portion of the
Property by the Debtor to the City of Monterey Park for use as a
parking lot, and the related agreements with the City.  The City
Lease provide for the lease of the City parking lot parcel for $1
per year until the lessor obtains necessary permits and commences
construction in accordance with the terms of an approved
development agreements.

The Property, together with the rights in the Project, was
transferred by Magnus to the Debtor pursuant to a Written Agreement
for Sale of Development Project ("Sale Agreement").  The Sale
Agreement provides, among other things, for the transfer by Magnus
of the Property and the rights relating to the Project to the
Debtor in exchange for the assumption by the Debtor of all
liabilities, known and unknown, past of present, of Magnus.

The Sale Agreement expressly provides for the sale to the Debtor of
the Property and the rights and the property related to the
Projects.  The transfer of the assets and liabilities to the Debtor
only led to the initiation of more litigation and ultimately to the
filing of the Chapter 11 case.

In its schedules and statement of financial affairs, the Debtor
scheduled the Property at a value of $14,597,044, largely on the
basis of tax assessments, and listed the entitlements and plans for
the Project at a value of $18,500,00 based on "sale price," for an
aggregate value of $33,097,044, and also listed $1,470,855 in a
deposit account.  The Debtor scheduled $67,000,000 in unsecured
claims and $4,800 in secured debt, although some of those claims
numbers appear to be overlapping.

Preliminary title reports obtained by the Trustee identify two
deeds of trust, one of which has been reconveyed of record.  One of
these has been settled and satisfied, and the other is disputed by
Magnus and the Debtor.  The Trustee obtained and provided notice of
a claims bar date of July 17, 2017.  Other than claims for the real
property taxes in the amount of $798,092 and $232,963, and a
secured claim in the amount of $1,988,167 relating to the disputed
deed of trust, the only claim filed as a secured claim is a claim
in the amount of $154,648 which does not appear to be secured by
property of the Debtor.  The Trustee's investigation is continuing.
It appears that substantially all of the creditors are investors
in the development of the Property, as lenders and/or as minority
members of the Debtor or Magnus.  Creditors and/or members are
parties to four pending lawsuits against the Debtor relating to the
transfer of the Property.

A short Ford Deed of Trust and assignment of Rent was recorded
against Parcel -001 on Feb. 13, 2009 at Document No. 20090202847
("carter Parties Trust Deed"), to secure the principal sum of
$1,511,600 in favor of husband and wife, Si Lau and Kitty Law as
Joint Tenants, as to an undivided 50% interest, Roger C. Carter and
Maureen M. Carter, husband and wife, as Community Property with the
right of survivorship, as to an undivided 20% interest; David Wan
and Winnie Wan, as Trustee of the David Wan and Winnie Wan Trust as
to an undivided 30% interest, all as tenant in common.  The
validity and enforceability of the Carter Parties Trust Deed is
disputed pursuant to a Verified First Amended Cross-Complaint by
Magnus.

A corporation Deed of Trust with Assignment of Rents was recorded
aagainst all of the Property Sept. 25, 2013 at Document No.
20131388577 (Shaanxi Yu Hua Long Trust Deed"), to secure the
principal sum of $15,000,000 in favor of Saanxi Yu Huang Long.
Saanxi Yu Huang Long or its affiliate has been identified in
declarations filed with the Court as the owner of LA YHL
Investments, Inc. which has been identified as the 100% member of
the Debtor.  The real property records reflect that Shaanxi Yu Hua
Long Trust Deed was reconveyed by a Substitution of Trustee and
Full Reconveyance recorded Nov. 17, 2016 at Document No.
20161443041.

A corporation Deed of Trust with Assignment of Rents recorded
against Parcel -004 on Jan. 28, 2008 at Document No. 20080164667
("Pin Zu Wu Trust Deed"), to secure the principal sum of $500,000,
in favor of Pin Zu Wu.  The Trustee is advised that the Debtor
completed a settlement with Pin Zu Wu in connection with a
foreclosure action initiated by Pin Zu Wu against Magnus in the
Superior Court of the State of California for the County of Los
Angeles which settlement included agreement to reconvey the Pin Zu
Wu Trust Deed.

A Notice of Pendency of Action was recorded Sept. 11, 2015 against
all of the Property by Tina Kwan and Daniel Chan in support of the
Kwan Plaintiffs' action commenced in the Superior Court of the
State of California for the County of Los Angeles at Case No. BC
593778 by a Complaint for Breach of Written Agreement and
Fraudulent Conveyance filed Sept. 3, 2105, which action was
subsequently consolidated with another action filed by the Kwan
Plaintiffs.  The trial is currently set for April 2018.

A Supplemental Notice of Pending action was recorded Jan. 1, 2016
against all the Property by Richton Ltd., individually and
derivatively on behalf of Nominal Defendant Magnus, The Staunton
Group, LLC, individually and derivatively on behalf of Nominal
Defendant, Nelson L. Huang, individually and derivatively on behalf
of Nominal Defendant Magnus; Eva Y. Wang, as an individually and
derivatively on behalf of Nominal Defendant Magus; and Gary F.
Wang, individually and derivatively on behalf of Nominal Defendant
Magnus, in support of the Richton Plaintiffs' action commenced in
the Superior Court of the State of California for the County of Los
Angeles on Dec. 28, 2015 at Case No. BC605477.

A Notice of Pending Action was recorded Nov. 14, 2016 against all
of the Property by Mountainfield Properties, LLC for itself and
derivatively on behalf of Nominal Defendant Magnus in support of
the Mountainfield's action commenced in the Superior Court of the
State of California for the County of Los Angeles on Jan. 25, 2016
at Case No. BC608125.

On May 17, 2016, Christine Yu and Andrew Yeung commenced an action
in the Superior Court of the State of California for the County of
Los Angeles at Case No. BC620845 and subsequently files a First
Amended Complaint against Magnus, the Debtor and others for Fraud
and Misrepresentation, Failure to Qualify Securities, and Violation
of the Uniform Fraudulent Transfer Act.

On July 17, 2017, Nelson L. Huang filed a proof of claim No. 24.
No basis for the assertion of a lien, claim or interest in the
Purchased Assets themselves appears from the Nelson Huang Filed
Secured Claim or any other source of information and it is
accordingly disputed.

To the extent real property taxes asserted by the Los Angeles
County Treasurer and Tax Collector are disputed, the Trustee will
seek to sell the Property free and clear of such taxes.

The Trustee concluded that it was in the best interest of the
creditors to pursue a sale of the Property, rather than its
development by the Debtor.  He received multiple offers.  The
principals of the Buyer originally submitted an offer to purchase
the Property in May 2017 on behalf of New World International, LLC
("NWI").  NWI accepted and signed the non-binding letter of intent
on July 28, 2017.  After determining that the Buyer appeared to be
the best stalking horse bidder, the Trustee informed NWI that it
was selected as the lead bidder to negotiate a binding purchase
agreement.  At that time, the principal of NWI requested that the
Buyer be substituted for NWI in order to do a 1031 tax exchange.

The Asset Purchase Agreement was prepared by the Trustee's broker
and counsel.  The Buyer and the Trustee entered into the APA dated
Aug. 28, 2017 for the purchase of the Proeprty for $18,500,000,
subject to higher bids.  The escrow with the Buyer was opened
following execution of the APA and receipt of the Buyer's deposit
on Aug. 30, 2017.

The Purchased Assets include all right, title, and interest of the
Trustee in the Property and attached fixtures, as well as
assignment and assumption of the City Lease, but no other assets of
the Debtor.  The sale is to be free and clear of liens, claims and
interests but otherwise "as is, where is," subject to existing
easements, conditions and restrictions, with no warranties or
remaining contingencies.  The closing of the sale is to take place
within 10 calendar days of the sale order becoming final.

Pursuant to the APA, the Buyer had 45 days from opening the escrow
to conduct due diligence and notify the Trustee that all
contingencies other than closing contingencies were satisfied.
Following the recipe of such Buyer's Approval, the Trustee was to
seek approval of bidding procedures pursuant to the APA.  The
Buyer's Approval was received on Oct. 10, 2017.

In order that the sale not take place over the Christmas Holidays
and not be unduly delayed, the Broker recommended that the Auction
and sale hearing be held no later than Dec. 15, 2017.  

The salient terms of the Bidding Procedures are:

     a. Bid Deadline: Dec. 8, 2017

     b. Minimum Initial Bid: $18, 827,500 (at least $50,000 more
than the Purchase Price, plus Breakup Free of $277,500)

     c. Deposit: $500,000

     d. Auction: Dec. 13, 2017 in open Court

     e. Bid Increments: $100,000

     f. Sale Hearing: Dec. 13, 2017

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

    http://bankrupt.com/misc/Yu_Hua_Long_174_Sales.pdf

In order to facilitate the most expeditious sale closing possible,
the Trustee asks the Court to waive the 14-day stay of Bankruptcy
Rule 6004(h) ad 6006(d).

                About Yu Hua Long Investments

Yu Hua Long Investments, LLC, is engaged in the development of real
property located in the City of Monterey Park, California.

Yu Hua Long Investments filed a Chapter 11 petition (Bankr. C.D.
Cal. Case No. 16-22745) on Sept. 26, 2016, disclosing under $1
million in both assets and liabilities.

Timothy J. Yoo has been named as Chapter 11 trustee for the
Debtor's case.  Levene Neale Bender Yoo & Brill, LLP, is the
Trustee's general bankruptcy counsel.  Re/Max Omega's the Trustee's
broker.


ZETTA JET USA: New Target Appointed as New Committee Member
-----------------------------------------------------------
The Office of the U.S. Trustee on Nov. 20 appointed New Target
Investments Limited as new member of the official committee of
unsecured creditors in the Chapter 11 cases of Zetta Jet USA, Inc.,
and its affiliated debtors.

New Target can be reached through:

     New Target Investments Limited
     24/F, AXA Centre
     151 Gloucester Road
     Wanchai, Hong Kong
     Tel: + 86 139 1095 2868
     Fax: (852) 2726 0372
     Email: grace@investments.hk

The bankruptcy watchdog had earlier appointed Associated Energy
Group LLC, Festin Management Corp., and Scout Aviation II, LLC,
court filings show.

                     About Zetta Jet USA Inc.

Headquartered in Singapore, Zetta Jet claims to be the world's
first truly personalized private airline. Zetta Jet promises to
deliver the ultimate in bespoke luxury experiences to a discerning
clientele with its unique experience that combines the dedicated
Asian service philosophy with the flexibility and 'can-do' spirit
of the U.S., adorned with the glamour of Europe's enduring chic on
its Bombardier fleet with ultra-long range intercontinental
capabilities across the Pacific Rim.

Zetta Jet is a FAA-certificated air carrier and the first only part
135 operator authorized to conduct Polar flights, enabling Zetta
Jet to optimize routes without limitation. The Company has offices
both in Los Angeles and Singapore, and a network of sales and
support offices in New York, London, San Jose, Harbin and
Singapore.

Burbank, California-based Zetta Jet USA, Inc., and its
Singapore-based parent, Zetta Jet Pte. Ltd, filed voluntary
bankruptcy petitions under Chapter 11 of the U.S. Bankruptcy Code
in Los Angeles (Bankr. C.D. Cal. Case No. 17-21386 and 17-21387) on
Sept. 15, 2017.

Zetta Jet PTE and Zetta Jet USA each estimated assets and debt of
$50 million to $100 million.

Levene, Neale, Bender, Yoo & Brill L.L.P, serves as counsel to the
Debtors.

On October 12, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors. The committee hired
Pachulski Stang Ziehl & Jones LLP as counsel.

Jonathan D. King was appointed Chapter 11 trustee in the case.  The
trustee hired DLA Piper LLP (US) as counsel; and Seabury Corporate
Finance LLC and Seabury Securities LLC as financial advisor and
investment banker.


[*] David W. Smith Joins Pryor Cashman's Corporate Trust Practice
-----------------------------------------------------------------
Pryor Cashman LLP on Nov. 13, 2017, disclosed that leading
corporate trust attorney David W. Smith has joined the firm, an
addition that strengthens the firm's comprehensive legal
capabilities to service its corporate trust clients.  Mr. Smith
brings more than a decade of experience representing banks and
other financial institutions, including two years inside the
corporate trust department of The Bank of New York Mellon.  He
joins the firm's New York office as counsel.

"David is widely regarded as one of the best front-end
practitioners in the field," said Seth H. Lieberman, co-head of the
firm's Corporate Trust Practice and partner in the Bankruptcy,
Reorganization + Creditors' Rights Group.  "We are very excited
about the expertise he will bring to our corporate trust clients
engaged in healthy deals.  His practice offers an ideal complement
to our existing strengths representing indenture trustees and
agents in chapter 11 bankruptcies and out-of-court
restructurings."

In the last year alone, Pryor Cashman has represented indenture
trustees and agents in the bankruptcies of rue21, inc., 21st
Century Oncology Holdings, Inc., Payless Holdings LLC, Vanguard
Natural Resources, LLC and Caesars Entertainment Operating Company,
Inc.

Over his career, Mr. Smith has regularly represented banks, trust
companies and other financial institutions acting as trustees or
agents in financing transactions.  He immediately enhances Pryor
Cashman's ability to serve clients on international and domestic
financings, public and private debt financings and securitizations
ranging from residential and commercial mortgages to royalty
payments.  As counsel with BNY Mellon from 2012-14, Mr. Smith
worked extensively on both structured and unstructured
transactions, including CDO, CLO, reinsurance trusts, asset-backed
and mortgaged-backed securities.  He has also served on numerous
business acceptance and jurisdictional approval committees in the
U.S. and abroad.

"Pryor Cashman has a history of superior work in this space," said
Mr. Smith.  "I am thrilled to join this highly respected corporate
trust team, which now covers the waterfront in this area -- and
does so with the firm's relentless focus on client service."

In addition to his time at BNY Mellon, Mr. Smith previously worked
at the law firms of Seward & Kissel and, most recently, Emmet,
Marvin & Martin.  He received his J.D. from the University of
Wisconsin Law School and his B.A., summa cum laude, from the
University of Wisconsin-Milwaukee.

                     About Pryor Cashman LLP

Pryor Cashman -- http://www.pryorcashman.com/-- is a premier,
midsized law firm with headquarters at 7 Times Square in New York
and a West Coast office in Los Angeles.  With broad and
sophisticated transactional and litigation practices, Pryor Cashman
provides a full range of services to meet the complex legal needs
of institutions, mid-market businesses, bold emerging entities,
entrepreneurs and individuals.


[*] Freeborn to Represent Unsecured Creditors in Bankruptcy Cases
-----------------------------------------------------------------
Chicago-based law firm Freeborn & Peter LLP has been selected to
represent the Official Committee of Unsecured Creditors appointed
by the United States Trustee in the jointly administered bankruptcy
cases of nine long-term healthcare facilities in Illinois.  The
Freeborn team is lead by Shelly A. DeRousse and Devon J. Eggert,
co-chairs of Freeborn's Bankruptcy and Financial Restructuring
Practice Group.

On Oct. 30, 2017, the healthcare facilities filed bankruptcy
petitions under Chapter 11 of the bankruptcy code in the Bankruptcy
Court for the Northern District of Illinois.  The facilities
include Community Care Center (Chicago), Bourbonnais Terrace
Nursing Home (Bourbonnais), Crestwood Terrace Nursing Center
(Crestwood), Frankfort Terrace Nursing Center (Frankfort), Joliet
Terrace Nursing Center (Joliet), Kankakee Terrace Nursing Center
(Bourbonnais), Southview Manor (Chicago), Terrace Nursing Home
(Waukegan) and West Chicago Terrace Nursing Home (West Chicago).

The lack of positive cash flow led to the bankruptcy filings by
these facilities that provide nursing, healthcare, therapeutic and
social services to the chronically ill with a diagnosis of mental
illness.  The facilities brought the lawsuit against the state of
Illinois, which owes millions of dollars to these entities for old
Medicaid receivables.  The suit seeks Injunctive and Declaratory
Relief against the director of the Illinois Department of
Healthcare and Family Services in an attempt to obtain a more
favorable Medicaid reimbursement rate from the state.

Over the past three years, the Freeborn team led by Ms. DeRousse
and Mr. Eggert has been repeatedly selected to represent official
committees of unsecured creditors in cases throughout the Midwest.
In 2017, the Freeborn team has been retained by more creditors'
committees appointed in the Northern District of Illinois than any
other law firm.


[*] Sedgwick LLP Halts Operations by Yearend
--------------------------------------------
As widely reported, Sedgwick LLP will cease operations in early
January 2018 after 84 years in business.

Debra Cassens Weiss, writing for ABA Journal, reported that many
lawyers may be hired by the U.K.-based law firm Clyde & Co.,
according to two unnamed sources who spoke with the American
Lawyer.  Sedgwick reportedly had been discussing a merger with
Clyde & Co. before talks broke down in the past month.

"We have concluded that the best way to allow our lawyers to
continue providing great service to our clients is by ceasing
operations and moving to other excellent law firms," Sedgwick said
in the statement, as cited by various news reports. "We are pleased
that most of our lawyers and staff have opportunities with very
fine firms."

"While this news deeply saddens all of us, we are very proud and
appreciative of all those who helped make Sedgwick the great firm
it has been since 1933," Sedgwick stated. "From the bottom of our
hearts, we thank our clients, attorneys and staff for everything
you have done for us for decades, and we wish anyone who has ever
crossed paths with this wonderful law firm the best and brightest
future."

ABA Journal reported that in the 2017 AmLaw200 published in May,
Sedgwick reported income of $170.5 million and 274 lawyers.  But
the firm also has lost dozens of partners this year. The American
Lawyer reported in June that Sedgwick has lost 20% of its revenue
as a result of partner defections.

James Dornbrook, writing for Kansas City Business Journal, reported
that the news of disbanding the firm comes after a year of shedding
partners and senior attorneys nationwide.  The defections started
in January with former Chairman Michael Tanenbaum, who left to form
a boutique firm called Tanenbaum Keale LLP.  The firm also lost
highly experienced lawyers and partners in Dallas, Washington, New
York, Chicago and San Francisco, the Business Journal said.


[*] Weil, Gotshal & Manges Elects 10 New Partners and 9 New Counsel
-------------------------------------------------------------------
International law firm Weil, Gotshal & Manges LLP on Nov. 21, 2017,
disclosed that it has elected 10 new partners and 9 new counsel,
effective Jan. 1, 2018.

"It is with great pleasure that I introduce our new partners and
counsel," said Weil Executive Partner Barry Wolf.  "They embody the
Weil hallmarks of passion, creativity and business acumen and will
further strengthen our ability to effectively partner with clients
to tackle complex, challenging matters.  They are based in nearly
half of our offices worldwide and practice across our Corporate,
Litigation, and Business Finance & Restructuring departments."

The new partners and counsel are based in the Firm’s Boston,
Dallas, Hong Kong, London, New York, Warsaw and Washington, D.C.
offices.

The new partners and counsel are:

Partners

Adam Banks, Complex Commercial Litigation (New York)
Evert Christensen, Securities Litigation (New York)
David Gail, Private Equity (Dallas)
Matthew Goulding, Private Equity (Boston)
David Griffiths, Business Finance & Restructuring (New York)
Marcin Iwaniszyn, Banking & Finance (Warsaw)
Eoghan Keenan, M&A (New York)
Benton Lewis, Banking & Finance (Dallas)
Filip Uzieblo, Private Equity and M&A (Warsaw)
William (Chris) Welty, Private Equity and M&A (Hong Kong)

Counsel

Youjung Byon, Private Funds (Hong Kong)
Kevin Crews, Private Equity (Dallas)
Brian Drozda, Banking & Finance (New York)
Jacob Ebin, Complex Commercial Litigation and Intellectual Property
& Media, (New York)
Ryan Gorsche, M&A (Dallas)
Shawn Kodes, Structured Finance & Derivatives (New York)
Peter Olds, Private Funds (London)
Magdalena Pyzik, Private Equity and M&A (Warsaw)
Robert Vlasis, Patent Litigation (Washington, D.C.)

                          About Weil

Founded in 1931, Weil, Gotshal & Manges LLP has been a preeminent
provider of legal services for more than 80 years.  With
approximately 1,100 lawyers in offices on three continents, Weil
has been a pioneer in establishing a geographic footprint that has
allowed the Firm to partner with clients wherever they do business.
The Firm's four departments, Corporate, Litigation, Business
Finance & Restructuring, and Tax, Executive Compensation &
Benefits, and more than two dozen practice groups are consistently
recognized as leaders in their respective fields.


[^] Recent Small-Dollar & Individual Chapter 11 Filings
-------------------------------------------------------
In re Charles Anthony Cowan and Shaunna Lynn Cowan
   Bankr. D. Ariz. Case No. 16-13333
      Chapter 11 Petition filed November 8, 2017
         represented by: Thomas Allen, Esq.
                         ALLEN BARNES & JONES, PLC
                         E-mail: tallen@allenbarneslaw.com

In re Robert Maynard Miller and Robert Maynard Miller
   Bankr. N.D. Cal. Case No. 16-10827
      Chapter 11 Petition filed November 8, 2017
         Filed Pro Se

In re Floyd E. Squires, III and Betty J. Squires
   Bankr. N.D. Cal. Case No. 16-10828
      Chapter 11 Petition filed November 8, 2017
         represented by: David N. Chandler, Esq.
                         LAW OFFICES OF DAVID N. CHANDLER
                         E-mail: DChandler1747@yahoo.com

In re Black Square Financial, LLC
   Bankr. S.D. Fla. Case No. 16-23562
      Chapter 11 Petition filed November 8, 2017
         See http://bankrupt.com/misc/flsb17-23562.pdf
         represented by: Philip J Landau, Esq.
                         SHRAIBERG LANDAU & PAGE PA
                         E-mail: plandau@slp.law

In re Wishop Tile & Drainage Co.
   Bankr. N.D. Ill. Case No. 16-82661
      Chapter 11 Petition filed November 8, 2017
         See http://bankrupt.com/misc/ilnb17-82661.pdf
         represented by: Darron M. Burke, Esq.
                         BARRICK SWITZER LONG BALSLEY & VAN EVERA
                         E-mail: dburke@bslbv.com

In re Blackfoot Construction Company
   Bankr. S.D. Ind. Case No. 16-08448
      Chapter 11 Petition filed November 8, 2017
         See http://bankrupt.com/misc/insb17-08448.pdf
         represented by: David R. Krebs, Esq.
                         HESTER BAKER KREBS LLC
                         E-mail: dkrebs@hbkfirm.com

In re Ronald A. Goodwin and Michelle L. Goodwin
   Bankr. D. Kan. Case No. 16-12205
      Chapter 11 Petition filed November 8, 2017
         represented by: Mark J. Lazzo, Esq.
                         E-mail: mark@lazzolaw.com

In re Annette Young
   Bankr. D. Nev. Case No. 16-15985
      Chapter 11 Petition filed November 8, 2017
         Filed Pro Se

In re Bradley Distributing, Inc.
   Bankr. W.D. Pa. Case No. 16-24513
      Chapter 11 Petition filed November 8, 2017
         See http://bankrupt.com/misc/pawb17-24513.pdf
         represented by: Christopher M. Frye, Esq.
                         STEIDL & STEINBERG
                         E-mail: chris.frye@steidl-steinberg.com

In re Anthony Toyos Boada and Zulema Quinones Trabal
   Bankr. D.P.R. Case No. 16-06780
      Chapter 11 Petition filed November 8, 2017
         represented by: Mary Ann Gandia, Esq.
                         E-mail: gandialaw@gmail.com

In re Eaves, Inc.
   Bankr. E.D. Tenn. Case No. 16-15132
      Chapter 11 Petition filed November 8, 2017
         See http://bankrupt.com/misc/tneb17-15132.pdf
         represented by: W. Thomas Bible, Jr., Esq.
                         LAW OFFICE OF W. THOMAS BIBLE, JR.
                         E-mail: wtbibleecf@gmail.com

In re Inland Oasis Group, Inc.
   Bankr. D. Ariz. Case No. 16-13376
      Chapter 11 Petition filed November 9, 2017
         See http://bankrupt.com/misc/azb17-13376.pdf
         represented by: Kelly G. Black, Esq.
                         KELLY G. BLACK, PLC
                         E-mail: kgb@kellygblacklaw.com

In re James Roy Hermanson and Joanna Hermanson
   Bankr. C.D. Cal. Case No. 16-19340
      Chapter 11 Petition filed November 9, 2017
         represented by: Derrick Talerico, Esq.
                         ZOLKIN TALERICO LLP
                         E-mail: dtalerico@ztlegal.com

In re Absolutely Italian, Claremont Inc.
   Bankr. C.D. Cal. Case No. 16-19349
      Chapter 11 Petition filed November 9, 2017
         See http://bankrupt.com/misc/cacb17-19349.pdf
         represented by: Daren M. Schlecter, Esq.
                         LAW OFFICE OF DAREN M SCHLECTER
                         E-mail: daren@schlecterlaw.com

In re Edward Joseph Inglese and Deborah Lee Inglese
   Bankr. C.D. Cal. Case No. 16-23829
      Chapter 11 Petition filed November 9, 2017
         represented by: Derrick Talerico, Esq.
                         ZOLKIN TALERICO LLP
                         E-mail: dtalerico@ztlegal.com

In re Benjamin Isaac Menjivar and Sara Aura Menjivar
   Bankr. C.D. Cal. Case No. 16-23881
      Chapter 11 Petition filed November 9, 2017
         represented by: Giovanni Orantes, Esq.
                         ORANTES LAW FIRM PC
                         E-mail: go@gobklaw.com

In re Robert Maynard Miller
   Bankr. D. Del. Case No. 16-12395
      Chapter 11 Petition filed November 9, 2017
         Filed Pro Se

In re Wigginton Enterprises, LLC
   Bankr. M.D. Fla. Case No. 16-09516
      Chapter 11 Petition filed November 9, 2017
         See http://bankrupt.com/misc/flmb17-09516.pdf
         represented by: Richard A. Johnston Jr., Esq.
                         JOHNSTON LAW, PLLC
                         E-mail: richard@richardjohnstonlaw.com

In re Cafetal Corp.
   Bankr. S.D. Fla. Case No. 16-23613
      Chapter 11 Petition filed November 9, 2017
         See http://bankrupt.com/misc/flsb17-23613.pdf
         represented by: Mark S. Roher, Esq.
                         LAW OFFICE OF MARK S. ROHER, P.A.
                         E-mail: mroher@markroherlaw.com

In re Paul J Hathaway and Mikki Jan Hathaway
   Bankr. D. Idaho Case No. 16-40989
      Chapter 11 Petition filed November 9, 2017
         represented by: Robert J. Maynes, Esq.
                         MAYNES TAGGART, PLLC
                         E-mail: mayneslaw@hotmail.com

In re Carl Anthony Hardcastle and Karen Sue Hardcastle
   Bankr. D. Md. Case No. 16-25045
      Chapter 11 Petition filed November 9, 2017
         represented by: David Erwin Cahn, Esq.
                         E-mail: cahnd@cahnlawoffice.com

In re Judith R Mandujano
   Bankr. S.D.N.Y. Case No. 16-23716
      Chapter 11 Petition filed November 9, 2017
         represented by: Rashmi Attri, Esq.
                         E. WATERS &ASSOCIATES, P.C.
                         E-mail: rattri@ewaterslaw.com

In re Michael J. Gallego
   Bankr. W.D.N.Y. Case No. 16-12427
      Chapter 11 Petition filed November 9, 2017
         represented by: Arthur G. Baumeister Jr., Esq.
                         BAUMEISTER DENZ LLP
                         E-mail: abaumeister@bdlegal.net

In re Andy Hueso Uribe, Sr.
   Bankr. N.D. Cal. Case No. 16-52731
      Chapter 11 Petition filed November 10, 2017
         represented by: Paul Seabrook  , Esq.
                         SEABROOK LAW OFFICES
                         E-mail: bankruptcy@seabrooklawoffices.com

In re City Home Care, LLC
   Bankr. N.D. Miss. Case No. 16-14302
      Chapter 11 Petition filed November 10, 2017
         See http://bankrupt.com/misc/msnb17-14302.pdf
         represented by: James W. Amos, Esq.
                         E-mail: jwamosattorney@aol.com

In re John Anthony Azzato
   Bankr. E.D.N.C. Case No. 16-05548
      Chapter 11 Petition filed November 10, 2017
         represented by: Richard Preston Cook, Esq.
                         RICHARD P. COOK, PLLC
                         E-mail: capefeardebtrelief@gmail.com

In re Roger M. Daniels
   Bankr. D.N.J. Case No. 16-32776
      Chapter 11 Petition filed November 10, 2017
         represented by: Harrison Ross Byck, Esq.
                         KASURI BYCK, LLC
                         E-mail: lawfirm@kasuribyck.com

In re Jeffrey Anthony Perez and Angela Marie Prieto
   Bankr. D. Ariz. Case No. 16-13443
      Chapter 11 Petition filed November 11, 2017
         represented by: Thomas Allen, Esq.
                         ALLEN BARNES & JONES, PLC
                         E-mail: tallen@allenbarneslaw.com

In re GOTITAPAK INC0794462
   Bankr. D.P.R. Case No. 16-06821
      Chapter 11 Petition filed November 12, 2017
         See http://bankrupt.com/misc/prb17-06821.pdf
         represented by: Lyssette A Morales Vidal, Esq.
                         LYSSETE MORALESLAW OFFICE
                         E-mail: lamoraleslawoffice@gmail.com

In re Community Alliance Neighborhood Development LLC
   Bankr. E.D. Cal. Case No. 16-27472
      Chapter 11 Petition filed November 13, 2017
         See http://bankrupt.com/misc/caeb17-27472.pdf
         Filed Pro Se

In re Antonio H. Anabo
   Bankr. N.D. Cal. Case No. 16-42839
      Chapter 11 Petition filed November 1, 2017
         represented by: Kevin Tang, Esq.
                         TANG & ASSOCIATES
                         E-mail: tangkevin911@gmail.com

In re Carla Carraway
   Bankr. D.D.C. Case No. 16-00630
      Chapter 11 Petition filed November 13, 2017
         represented by: Douglas N. Gottron, Esq.
                         MORRIS PALERM, LLC
                         E-mail: dgottron@morrispalerm.com

In re Arthur B. Avery, Jr.,
   Bankr. M.D. Fla. Case No. 16-09606
      Chapter 11 Petition filed November 13, 2017
         represented by: Suzy Tate, Esq.
                         SUZY TATE, P.A.
                         E-mail: suzy@suzytate.com

In re Greenway, LLC
   Bankr. S.D. Fla. Case No. 16-23693
      Chapter 11 Petition filed November 13, 2017
         See http://bankrupt.com/misc/flsb17-23693.pdf
         represented by: Tomas A. Pila, Esq.
                         PILA LAW GROUP, LLC
                         E-mail: pilalaw@bellsouth.net

In re Jacob Allen Kuker and Cara Lynn Kuker
   Bankr. N.D. Iowa Case No. 16-01453
      Chapter 11 Petition filed November 13, 2017
         represented by: Donald Swanson, Esq.

In re John Barry Babin, Sr. and Rita Vionie Knight Babin
   Bankr. M.D. La. Case No. 16-11090
      Chapter 11 Petition filed November 13, 2017
         represented by: Patrick S. Garrity, Esq.
                         STEFFES, VINGIELLO, & MCKENZIE, LLC
                         E-mail: pgarrity@steffeslaw.com

In re Eugene Mark Zapczynski
   Bankr. E.D. Mich. Case No. 16-22297
      Chapter 11 Petition filed November 13, 2017
         represented by: Paul M. Stoychoff, Esq.
                         E-mail: pmstoych@yahoo.com

In re Sidney E. Taylor
   Bankr. E.D. Mich. Case No. 16-55790
      Chapter 11 Petition filed November 13, 2017
         represented by: Aaron J. Scheinfield, Esq.
                         GOLDSTEIN BERSHAD & FRIED PC
                         E-mail: aaron@bk-lawyer.net

In re Marianne Mette
   Bankr. D.N.J. Case No. 16-32907
      Chapter 11 Petition filed November 13, 2017
         represented by: Harvey I. Marcus, Esq.
                         LAW OFFICE OF HARVEY I. MARCUS
                         E-mail: him@lawmarcus.com

In re Mesaw, LLC.
   Bankr. D.N.J. Case No. 16-32925
      Chapter 11 Petition filed November 13, 2017
         See http://bankrupt.com/misc/njb17-32925.pdf
         represented by: David L. Stevens, Esq.
                         SCURA, WIGFIELD, HEYER & STEVENS
                         E-mail: dstevens@scuramealey.com

In re Doggy Care of Hoboken, LLC.
   Bankr. D.N.J. Case No. 16-32926
      Chapter 11 Petition filed November 13, 2017
         See http://bankrupt.com/misc/njb17-32926.pdf
         represented by: David L. Stevens, Esq.
                         SCURA, WIGFIELD, HEYER & STEVENS
                         E-mail: dstevens@scuramealey.com

In re Walter Toto
   Bankr. D.N.J. Case No. 16-32971
      Chapter 11 Petition filed November 13, 2017
         represented by: Melinda D. Middlebrooks, Esq.
                         MIDDLEBROOKS SHAPIRO, P.C.
                         E-mail:
middlebrooks@middlebrooksshapiro.com

In re Tamir Grafi
   Bankr. E.D.N.Y. Case No. 16-76985
      Chapter 11 Petition filed November 13, 2017
         Filed Pro Se

In re P&R Bronx LLC
   Bankr. S.D.N.Y. Case No. 16-13220
      Chapter 11 Petition filed November 13, 2017
         See http://bankrupt.com/misc/nysb17-13220.pdf
         Filed Pro Se

In re Bobbie Upasna Vardan
   Bankr. E.D. Va. Case No. 16-13848
      Chapter 11 Petition filed November 13, 2017
         represented by: Bobbie U. Vardan, Esq.
                         E-mail: vardanlaw@gmail.com

In re Super Enterprises Inc.
   Bankr. D. Wyo. Case No. 16-20859
      Chapter 11 Petition filed November 13, 2017
         See http://bankrupt.com/misc/wyb17-20859.pdf
         Filed Pro Se

In re BBQ Boss, LLC
   Bankr. N.D. Ala. Case No. 16-42042
      Chapter 11 Petition filed November 14, 2017
         See http://bankrupt.com/misc/alnb17-42042.pdf
         represented by: Harry P. Long, Esq.
                         THE LAW OFFICES OF HARRY P. LONG, LLC
                         E-mail: ecfpacer@gmail.com

In re Brian M. Danz and Melanie G. Danz
   Bankr. D. Ariz. Case No. 16-13497
      Chapter 11 Petition filed November 14, 2017
         represented by: Blake D. Gunn, Esq.
                         E-mail: blake.gunn@gunnbankruptcyfirm.com

In re Pamela FROG, LLC
   Bankr. W.D. Mich. Case No. 16-05258
      Chapter 11 Petition filed November 14, 2017
         See http://bankrupt.com/misc/miwb17-05258.pdf
         represented by: Michael Shawn Mahoney, Esq.
                         BOHNHOFF & MAHONEY
                         E-mail: Michael@MahoneyLawoffices.com

In re RV's Transportation, LLC, a New Mexico Limited Liability
Company
   Bankr. D.N.M. Case No. 16-12893
      Chapter 11 Petition filed November 14, 2017
         See http://bankrupt.com/misc/nmb17-12893.pdf
         represented by: Christopher M Gatton  , Esq.
                         GIDDENS, GATTON & JACOBUS, P.C.
                         E-mail: chris@giddenslaw.com

In re Klenzcorp International, Inc.
   Bankr. E.D.N.Y. Case No. 16-77022
      Chapter 11 Petition filed November 14, 2017
         See http://bankrupt.com/misc/nyeb17-77022.pdf
         represented by: Kenneth Halpern, Esq.
                         E-mail: kjhalpern@gmail.com

In re H3C, Inc. dba Left Coast Kitchen and Cocktails
   Bankr. E.D.N.Y. Case No. 16-77027
      Chapter 11 Petition filed November 14, 2017
         See http://bankrupt.com/misc/nyeb17-77027.pdf
         represented by: Neil H. Ackerman, Esq.
                         ACKERMAN FOX, LLP
                         E-mail: nackerman@ackermanfox.com

In re Vincent John Parrillo
   Bankr. S.D.N.Y. Case No. 16-13235
      Chapter 11 Petition filed November 14, 2017
         Filed Pro Se

In re Wellness Medical Care PC
   Bankr. S.D.N.Y. Case No. 16-23740
      Chapter 11 Petition filed November 14, 2017
         See http://bankrupt.com/misc/nysb17-23740.pdf
         represented by: Anne J. Penachio, Esq.
                         PENACHIO MALARA LLP
                         E-mail: apenachio@pmlawllp.com

In re Philip Ewell Deeter
   Bankr. E.D. Pa. Case No. 16-17730
      Chapter 11 Petition filed November 14, 2017
         represented by: Robert H. Holber, Esq.
                         ATTORNEY ROBERT H. HOLBER PC
                         E-mail: rholber@holber.com

In re Rina diMontella Fashions, LLC
   Bankr. E.D. Pa. Case No. 16-17747
      Chapter 11 Petition filed November 14, 2017
         See http://bankrupt.com/misc/paeb17-17747.pdf
         represented by: Albert A. Ciardi, III, Esq.
                         CIARDI CIARDI & ASTIN, P.C.
                         E-mail: aciardi@ciardilaw.com

In re Chase Monarch International, Inc.
   Bankr. D.P.R. Case No. 16-06841
      Chapter 11 Petition filed November 14, 2017
         See http://bankrupt.com/misc/prb17-06841.pdf
         represented by: Hector Juan Figueroa Vincenty, Esq.
                         EL BUFETE DEL PUEBLO PSC
                         E-mail: quiebras@elbufetedelpueblo.com

In re Bobby W. Hutchins, Jr.
   Bankr. M.D. Tenn. Case No. 16-07751
      Chapter 11 Petition filed November 14, 2017
         represented by: Griffin S Dunham, Esq.
                         DUNHAM HILDEBRAND, PLLC
                         E-mail: griffin@dhnashville.com
In re Wai Hung Cheng
   Bankr. C.D. Cal. Case No. 16-19494
      Chapter 11 Petition filed November 15, 2017
         See http://bankrupt.com/misc/cacb17-19494.pdf
         represented by: Rebecca J Winthrop, Esq.
                         NORTON ROSE FULBRIGHT US LLP
                 E-mail: rebecca.winthrop@nortonrosefulbright.com

In re Wai Tak Terrence Cheng
   Bankr. C.D. Cal. Case No. 16-19495
      Chapter 11 Petition filed November 15, 2017
         See http://bankrupt.com/misc/cacb17-19495.pdf
         represented by: Rebecca J Winthrop, Esq.
                         NORTON ROSE FULBRIGHT US LLP
                 E-mail: rebecca.winthrop@nortonrosefulbright.com

In re Terry Lee Fleming, Sr.
   Bankr. C.D. Cal. Case No. 16-19513
      Chapter 11 Petition filed November 15, 2017
         represented by: James E Till, Esq.
                         BOSLEY TILL NEUE & TALERICO LLP
                         E-mail: jtill@btntlaw.com

In re Roque Development and Investment Inc.
   Bankr. C.D. Cal. Case No. 16-24092
      Chapter 11 Petition filed November 15, 2017
         See http://bankrupt.com/misc/cacb17-24092.pdf
         represented by: Louis J Esbin, Esq.
                         LAW OFFICES OF LOUIS J. ESBIN
                         E-mail: Esbinlaw@sbcglobal.net

In re Donald H Newhouser
   Bankr. D. Colo. Case No. 16-20478
      Chapter 11 Petition filed November 15, 2017
         represented by: David M. Serafin, Esq.
                         E-mail: david@davidserafinlaw.com

In re Silo Nail LLC
   Bankr. M.D. Fla. Case No. 16-03970
      Chapter 11 Petition filed November 15, 2017
         See http://bankrupt.com/misc/flmb17-03970.pdf
         represented by: Taylor J. King, Esq.
                         LAW OFFICES OF MICKLER & MICKLER
                         E-mail: tjking@planlaw.com

In re Monica P. Sanchez-Diu
   Bankr. M.D. Fla. Case No. 16-09672
      Chapter 11 Petition filed November 15, 2017
         See http://bankrupt.com/misc/flmb17-09672.pdf
         represented by: Buddy D. Ford, Esq.
                         BUDDY D. FORD, P.A.
                         E-mail: Buddy@TampaEsq.com

In re Roger Richmond Leaton
   Bankr. N.D. Tex. Case No. 16-44692
      Chapter 11 Petition filed November 15, 2017
         represented by: Mark B. French, Esq.
                         LAW OFFICE OF MARK B. FRENCH
                         E-mail: marksndecf@markfrenchlaw.com

In re True Revelation Church of God
   Bankr. E.D. Va. Case No. 16-35696
      Chapter 11 Petition filed November 15, 2017
         See http://bankrupt.com/misc/vaeb17-35696.pdf
         Filed Pro Se

In re John Ryan Bays
   Bankr. W.D. Wash. Case No. 16-14991
      Chapter 11 Petition filed November 15, 2017
         Filed Pro Se


                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

TCR subscribers have free access to our on-line news archive.
Point your Web browser to http://TCRresources.bankrupt.com/and use
the e-mail address to which your TCR is delivered to login.

                            *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.  
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman,
Editors.

Copyright 2017.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
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