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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

              Friday, December 22, 2017, Vol. 21, No. 355

                            Headlines

1802 PALISADES: Jan. 25 Plan Confirmation Hearing
417 RENTALS: H&M Buying 54 Springfield Properties for $1.1 Million
99 CENTS: Moody's Hikes Probability Default Rating to Caa1-PD
ADLER GROUP: Claims Assessment, Creditor Talks Delay Plan Filing
AEROPOSTALE INC: Plan Amended, Jan. 15 Disclosures Hrg. Set

ALLIED UNIVERSAL: Moody's Revises Outlook to Neg. & Affirms B3 CFR
ALTADENA LINCOLN: Exclusive Solicitation Period Extended to Feb. 1
AMERICAN HEALTH: A.M. Best Affirms 'B(fair)' Fin. Strength Rating
APPALACHIAN CHRISTIAN: Fitch Cuts Ser. 2013 Rev Bonds Rating to BB
APTIM CORP: Moody's Revises Outlook to Neg. & Affirms B3 CFR

ARMSTRONG ENERGY: Seeks OK of Non-Insider Retention Program
ATLAS DISPOSAL: Proposes a Sale of Vehicles & Containers for $17K
BAY HARBOUR HOMES: Taps McElroy Deutsch as Special Counsel
BETTYE RIGDON: $225K Sale of Forth Worth Property to Schroeders OKd
BIBBY OFFSHORE: Chapter 15 Case Summary

BLUE DIAMOND: Case Summary & 2 Unsecured Creditors
C-N-T REDI: Brackett & Ellis Represents Metroplex & NCS Redi-Mix
CALVARY COMMUNITY: AG Financial Has Over $3.6MM Secured Claim
CAREY CRUTCHER: Hires Cooper & Scully as Counsel
CASTEX ENERGY: Unsecureds' Recovery Unknown Under Chap. 11 Plan

CD INTERNATIONAL: Files for Chapter 7; Jan. 3 Creditors Mtg. Set
CHAPELDALE PROPERTIES: Voluntary Chapter 11 Case Summary
CHIN FAMILY LIMITED: Hires Sussman Shank as Counsel
CLUB VILLAGE: Exclusive Plan Filing Period Extended Thru Feb. 20
COMBIMATRIX CORP: History of Losses Raise Going Concern Doubt

CONCORDIA INTERNATIONAL: S&P Lowers 9.5% Sr. Unsec Notes to 'D'
CONFIRMATRIX LAB: Selling Patient Accounts Receivable for $280K
CONIFER HOLDINGS: A.M. Best Removes 'B+' FSR From Review Negative
CONTEXTMEDIA HEALTH: Moody's Withdraws Caa1 Corp. Family Rating
COPPER CHIMNEY: Hires Mark S. Roher as Counsel

CRESTOR GLOBAL: Taps Marilyn D. Garner as Legal Counsel
CRISPY DELIGHT: Continuing Business Income to Fund Plan
CROWN HOLDINGS: Moody's Puts Ba2 CFR Under Review for Downgrade
CROWN HOLDINGS: S&P Affirms 'BB' CCR & Alters Outlook to Positive
CS360 TOWERS: Trustee Selling Sacramento Commercial Unit for $440K

CS360 TOWERS: Trustee Selling Sacramento Commercial Units for $950K
CULLMAN REGIONAL: Moody's Hikes $59MM Rev. Bonds Rating From Ba1
D&M INVESTMENTS: U.S. Trustee Unable to Appoint Committee
DATA COOLING: Selling Membership Interests in Arborwear for $90K
DOOMAWENDSCHUH LLC: Taps McDonald & Rovens Lamb as Counsel

DPL INC: S&P Raises ICR to 'BB', On CreditWatch Negative
DUNCANLITE LABORATORY: U.S. Trustee Unable to Appoint Committee
ENBRIDGE INC: Moody's Lowers Subordinate Shelf Rating to Ba2
ENERGY FUTURE: Majority Creditors Seek Seat in Fee Committee
ENPRO INDUSTRIES: Moody's Hikes CFR to Ba3; Outlook Stable

EQUINIX INC: Metronode Acquisition No Impact on Moody's Ba3 CFR
EZRA HOLDINGS: Has Until Feb. 19 to Exclusively File Plan
FEDERATION EMPLOYMENT: Property Sales to Fund Plan Payments
FIRST ACCEPTANCE: A.M. Best Affirms 'cc' Issuer Credit Rating
FLORIDA FOLDER: US Trustee Unable to Appoint Creditors' Committee

FOUNDATION OF HUMAN: Taps Severaid and Glahn as Litigation Counsel
G6 LIMITED: U.S. Trustee Unable to Appoint Committee
GATEWAY MEDICAL: Opus Bank Proposes to Sell Assets to Pay Creditors
GATSBY'S MEN: Has Until February 23 to File Chapter 11 Plan
GENON ENERGY: US Bank Objects to 3rd Amended Plan

GENWORTH LIFE: Fitch Lowers IFS Rating to B+ on Deadline Extension
GLOBAL A&T: Taps Prime Clerk as Administrative Advisor
GLOBAL BROKERAGE: Dec. 21 Meeting Set to Form Creditors' Panel
GO WIRELESS: S&P Affirms 'B' Corp Credit Rating, Outlook Stable
GRAFTECH INTERNATIONAL: Moody's Ups CFR to B2; Outlook Positive

GRAND VIEW FINANCIAL: Needs More Time To Exclusively File Plan
GULF COAST: Case Summary & 17 Largest Unsecured Creditors
HERALD MEDIA: Dec. 21 Meeting Set to Form Creditors' Panel
HKD TREATMENT: Melville Buying 2012 Ford Fusion for $6.5K
HOME CAPITAL: DBRS Hikes LongTerm Ratings to B(low)

IMPERIAL CAPITAL: Court Confirms Reorganization Plan
INMOBILIARIA LEGUISAMO: Enters into Stipulation with Triangle REO
IRONCLAD PERFORMANCE: Files Joint Plan of Liquidation
JACK ROSS: Court Confirms 2nd Amended Plan
JERRY BATTEH: $85K Sale of Jacksonville Property to Niermann Okayed

KINDRED HEALTHCARE: Moody's Puts B2 CFR Under Review
KINDRED HEALTHCARE: S&P Places 'B+' CCR on Watch Developing
LA CONTENTA: Voluntary Chapter 11 Case Summary
LAKESHORE PROPERTIES: Taps RealtyMasters as Real Estate Broker
LAS FLORES: Taps Dibble & Miller as Legal Counsel

LONESTAR RESOURCES: Moody's Assigns Caa2 Rating to New Sr. Notes
LUNDIN MINING: Moody's Hikes CFR to Ba2 on Debt Reduction
M & G USA: Committee Taps Gattai Minoli as Italian Counsel
MARCANTONIO ENTERPRISES: Seeks January 15 Plan Filing Extension
MAUI MAX: Taps Cain & Herren as Legal Counsel

MCDERMOTT INT'L: Moody's Puts B1 CFR on Review for Upgrade
MEHRI AKHLAGHPOUR: U.S. Trustee Appoints 3-Member Committee
MIDWEST ASPHALT: Sale of All Assets to Callidus for $13.5M Approved
MIKE FARRELL'S: Jan. 22 Plan Confirmation Hearing
MNM HOLDINGS: U.S. Trustee Unable to Appoint Committee

MONADNOCK BREWING: Shareholder Seeks to Terminate Exclusivity
NAVILLUS TILE: Seeks to Hire Teneo & Appoint CRO
NAVILLUS TILE: Taps Garden City Group as Administrative Advisor
NCI BUILDING: Moody's Hikes Corporate Family Rating to Ba3
NOBLE HOLDING: Moody's Cuts CFR to B3 Amid High Debt Levels

OCULAR THERAPEUTIX: Recurring Losses Raise Going Concern Doubt
ORCHARD ACQUISITION: Taps Prime Clerk as Claims and Noticing Agent
PENN NATIONAL: Moody's Puts Ba3 CFR on Review for Downgrade
PENNSYLVANIA ECONOMIC: Fitch Affirms BB Rating on 2005 Ser. F Bonds
PREFERRED CARE: Taps Gardere Wynne as Legal Counsel

PROFLO INDUSTRIES: U.S. Trustee Unable to Appoint Committee
PROSPECTOR OFFSHORE: Plan Filing Deadline Moved to March 16
RAMLA USA: L.A. Spoon Buying Interest in Liquor License for $85K
RENTECH WP: Jan. 3 Meeting Set to Form Creditors' Panel
RFI MANAGEMENT: Jan. 18 Plan Confirmation Hearing

ROLETTE COUNTY: Moody's Lowers Issuer Rating to Ba1; Outlook Neg.
RYCKMAN CREEK: Statutory Lien Claimants to Get Up to 100%
SEADRILL LIMITED: Wants to Maintain Plan Exclusivity Until May 10
SHIEK SHOES: U.S. Trustee Appoints 9-Member Creditors' Committee
SINCLAIR'S RESTAURANT: Jan. 23 Plan Confirmation Hearing

SIRIUS XM: Ruling to Up Royalty Rate No Impact on Moody's Ba3 CFR
SPECTRA7 MICROSYSTEMS: Enters Into Limited Loan Facility Waiver
ST. JOSEPH'S COLLEGE: Moody's Revises Ratings Outlook to Stable
SUNOCO LP: Fitch Keeps BB- Long-Term IDR on Rating Watch Positive
SURFACE DRILLING: Taps Coskey as Land Title Consultant

SURFACE DRILLING: Taps Leah Craig as Accountant
SUTTON LUMBER: Unsecureds to Get $1,000 Monthly Plus 4.25%
TERRAVIA HOLDINGS: Exclusive Plan Filing Period Moved to Feb. 28
UNILIFE CORP: Court Confirms Plan of Liquidation
UNITY COURIER: Exclusive Solicitation Period Extended to April 26

US DATAWORKS: Plan Effective Data Announced
UW OSHKOSH FOUNDATION: Needs Until June 2018 to File Exit Plan
VERMEIL LLC: Jan. 16 Plan Confirmation Hearing
VIDANGEL INC: Taps Stris & Maher as Counsel in Appellate Case
VIRGINIA HIGH TECH: Exclusive Plan Filing Period Moved to Feb. 4

WCD LLC: Case Summary & 20 Largest Unsecured Creditors
WESTERN EXPRESS: Moody's Withdraws B2 CFR & $250MM Loan Rating
WJA ASSET: May Retain Consultants & Use Funds to Pay Various Fees
WOODBRIDGE GROUP: U.S. Trustee Appoints 3-Member Committee
WV NATIONAL AUTO: A.M. Best Lowers LongTerm ICR to 'bb-'

ZEKELMAN INDUSTRIES: Moody's Alters Outlook to Pos & Affirms B2 CFR
[^] BOOK REVIEW: The First Junk Bond

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1802 PALISADES: Jan. 25 Plan Confirmation Hearing
-------------------------------------------------
Judge Dennis R. Dow of the U.S. Bankruptcy Court for the Western
District of Missouri conditionally approved the disclosure
statement filed by 1802 Palisades Investments, LLC on November 28,
2017.

January 25, 2018 at 9:00 a.m. is fixed for the hearing on final
approval of the disclosure statement and for the hearing on
confirmation of the plan.

January 18, 2018 is the deadline for filing objections to the
disclosure statement or plan confirmation, as well as for the
submission of ballots accepting or rejecting the plan.

                      About 1802 Palisades

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


417 RENTALS: H&M Buying 54 Springfield Properties for $1.1 Million
------------------------------------------------------------------
417 Rentals, LLC, asks the U.S. Bankruptcy Court for the Western
District of Missouri to authorize the sale of 54 properties
consisting of single family dwellings located in the Springfield,
Missouri area to H&M, LLC, for $1,100,000.

The Debtor's assets consist of 565 rental units, many of which are
single family dwellings.  These properties are located in the
Springfield, Missouri area.  There are 15 lenders whose liens
encumber most of the properties.  The Debtor's reorganization plan
will seek to refinance certain properties and sell the remaining
properties.  

Among the Debtor's assets are the 54 properties it proposes to
sell.  All of them are encumbered by Deeds of Trust on behalf of
Central Bank of the Ozarks.  A description of each property subject
of the sale, together with the information concerning the loan
balance, interest rate, taxes and insurance, are included in the
Table.  

The Debtor has entered into a contract, subject to Court approval,
with the Purchaser to purchase the 54 properties for the sum of
$1,100,000.  The Debtor proposes to sell the property to the
Purchaser free and clear of all liens, encumbrances, claims and
interests, with such liens, encumbrances, claims and interests to
attach to the sale proceeds in the order of priority.  Pursuant to
the Contract, the closing is set for Dec. 26, 2017.

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

          http://bankrupt.com/misc/417_Rentals_247_Sales.pdf

The Bank has consented to the sale which, after the payment of all
encumbrances, should produce approximately $200,000 for the
Debtor's Estate.  The Debtor submits that the sale is fair and
reasonable and beneficial to the Debtor and all creditors.  The
property subject of the sale is not necessary for an effective
reorganization.

From the proceeds of the sale, the Debtor proposes to pay (i) the
expenses of the sale; (ii) any real estate taxes and assessments
outstanding and unpaid at the time of the sale; and (iii) the sum
of $900,000 to the Central Bank of the Ozarks in full satisfaction
of the indebtedness owed it by the Debtor.  The balance will be
paid to the Debtor's estate.

The Creditor:

          CENTRAL BANK OF OZARKS
          P.O. Box 3397
          Springfield, MO ¬  65808-3397

                        About 417 Rentals

Based in Brookline, Missouri, 417 Rentals, LLC, is a privately held
company in the real estate rental service industry.  417 Rentals
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
W.D. Mo. Case No. 17-60935) on Aug. 25, 2017.  Christopher Gatley,
its member, signed the petition.  At the time of the filing, the
Debtor estimated assets and liabilities of $1 million to $10
million.  Ronald S. Weiss, Esq., at Berman, DeLeve, Kuchan &
Chapman, LLC, serves as the Debtor's bankruptcy counsel.  An
official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case.


99 CENTS: Moody's Hikes Probability Default Rating to Caa1-PD
-------------------------------------------------------------
Moody's Investors Service upgraded 99 Cents Only Stores LLC's
probability of default rating to Caa1-PD from Ca-PD and appended
the PDR with the "/LD" (limited default) designation. Moody's will
remove the "/LD" designation from the company's PDR after three
days. Moody's also withdrew the company's speculative liquidity
rating as the company will no longer be filing public financials.
All other ratings are affirmed. The outlook remains negative.

"The company's recent term loan amendment extending term loan
maturity and the successful completion of the exchange offer for
its senior unsecured notes eases immediate liquidity pressures but
liquidity remains weak with minimal free cash flow generation,"
stated Moody's Vice President Mickey Chadha. "Moody's acknowledge
the meaningful improvement in company's operating performance but
credit metrics remain weak, hence the negative outlook", Chadha
added.

Issuer: 99 Cents Only Stores LLC

Upgrades:

-- Probability of Default Rating, Upgraded to Caa1-PD /LD from
    Ca-PD

Affirmations:

-- Corporate Family Rating, Affirmed Caa1

-- Senior Secured Bank Credit Facility, Affirmed Caa1 LGD3

-- Senior Unsecured Regular Bond/Debenture, Affirmed Caa3, to
    LGD6 from LGD5

Withdrawals:

-- Speculative Grade Liquidity Rating, Withdrawn , previously
    rated SGL-4

Outlook Actions:

-- Outlook, Remains Negative

RATINGS RATIONALE

These rating actions result from 99 Cents' completion of its
exchange offer and the amendment of its term loan, both of which
Moody's have characterized as a distressed exchange. The first lien
term loan maturity has been extended to 2022 while the $250 million
senior unsecured notes maturing 2019 were exchanged for $140
million cash/PIK senior secured notes maturing 2022 (unrated) and
$102 million in PIK preferred stock to be held by the sponsor.

The Caa1 Corporate Family Rating reflects the company's weak
liquidity, weak credit metrics, geographic concentration in
California and the intense competitive business environment in its
core markets. Pro forma for the exchange of the senior unsecured
notes, debt/EBITDA will be about 10.0 times for the LTM period
ending October 27, 2017. Despite Moody's expectation of improvement
in operating performance and EBITDA in the next 12 months leverage
will still be high at around 9.0 times. The company's new
management team has seen success in implementing a turnaround
strategy which includes improved inventory and shrink management,
and improved efficiencies including new third party distributor
relationships. Management has also started to upgrade the company's
store base to enhance the customer experience and has already
installed a perpetual inventory system to better manage inventory
levels. The improvement in operations has been evident in the
positive same store sales growth for the last six quarters and
improved profitability. Other rating factors include positive
growth prospects for the dollar store sector which benefits from
affordable, low price points and relative resistance to economic
cycles.

The negative outlook reflects the company's weak liquidity and
uncertainty surrounding the company's ability to sustain operating
improvements in a challenging and highly competitive business
environment.

Ratings could be downgraded if liquidity deteriorates or
EBIT/interest is sustained below 1.0 times or debt/EBITDA does not
improve from current level. Change in the company's financial
policies could also result in a downgrade.

Given the negative outlook a ratings upgrade is unlikely in the
near-term. Ratings could be upgraded should 99 Cents Only's
earnings grow such that debt to EBITDA approaches 7.0 times and
free cash flow is positive. A ratings upgrade would also require
adequate liquidity and financial policies which would support
leverage remaining at its improved levels.

99 Cents Only Stores LLC is controlled by affiliates of Ares
Management and Canada Pension Plan Investment Board. As of November
7, 2017, the Company operated 391 retail stores in California,
Texas, Arizona, and Nevada. Revenues are about $2.0 billion.

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


ADLER GROUP: Claims Assessment, Creditor Talks Delay Plan Filing
----------------------------------------------------------------
Adler Group, Inc., asks the U.S. Bankruptcy Court for the District
of Puerto Rico to extend the Debtor's exclusivity period and
deadline to file a disclosure statement and plan of reorganization
by 60 days.

The Debtor also asks that the deadline to procure the votes under
the plan be also extended for a term of 60 days after the order
granting the approval of the Disclosure Statement is entered.

The Debtor has moved forward in its reorganization process and is
in compliance with all of its duties under the Bankruptcy Code and
the Guidelines of the U.S. Trustee.

The Debtor attended the meeting of creditors, which was held and
closed, and appeared at the status conference.

The Debtor assures the Court that its request for extension is made
in good faith, with no intent to cause unreasonable delay in the
administration of this case.  This is the first extension of time
requested by the Debtor to present its Disclosure Statement and
Plan.  The same is for the benefit of the Debtor and all its
creditors.

The deadline to submit proofs of claim expired on Oct. 24, 2017.
The Debtor is still in the process of conducting an assessment of
its claims in order to further negotiations with key creditors that
are necessary in order to propose the Plan.  According to the
Debtor, it is indispensable for it to be able to reconcile all
claims in order to propose a complete, viable and effective plan
that accounts for all claims.  Due to the need of reconciling all
timely filed claims and concluding negotiations with creditors,
Debtor is not in a position, at this juncture, to file its
Disclosure Statement and Plan.  The Debtor states that its request
for extension of time of the exclusivity period will allow Debtor
to conclude the reconciliations and negotiations with creditors.

                     About Adler Group Inc.

Adler Group Inc. owns the Caguas Military property located at Carr
189 km 3.1 (interior) Rincon Ward, Gurabo Puerto Rico, which is
valued at $3 million.  It holds inventory and equipment worth
$513,870.  For 2015, the Company posted gross revenue of $1.61
million 2015 and gross revenue of $1.91 million for 2014.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D.P.R. Case No. 17-02727) on April 20, 2017.  The
petition was signed by Jose Torres Gonzalez, authorized
representative.  At the time of the filing, the Debtor disclosed
$3.52 million in assets and $4.43 million in liabilities.

The case is assigned to Judge Mildred Caban Flores.  The Debtor
hired MRO Attorneys at Law, LLC, as bankruptcy counsel.


AEROPOSTALE INC: Plan Amended, Jan. 15 Disclosures Hrg. Set
-----------------------------------------------------------
BankruptcyData.com reported that Aeropostale Inc., now known as ARO
Liquidation, filed with the U.S Bankruptcy Court a Third Amended
Joint Chapter 11 Plan of Liquidation and related Disclosure
Statement.  According to the Disclosure Statement, "The Plan
provides for distribution of proceeds from the Sale Transaction,
pursuant to which the Debtors sold substantially all of their
assets to Aero OpCo LLC.  The proceeds from the Sale Transaction
have been and will continue to be used to fund the ongoing
wind-down costs of the Chapter 11 Cases and will be used to fund
Distributions under the Plan.  The wind-down of the Debtors'
estates have cost approximately $7 million to date.  The Debtors
estimate that the ongoing wind-down costs of the Chapter 11 Cases
will amount to approximately $2 million. Class 3 is Impaired by the
Plan.  Each holder of a Term Loan Secured Claim is entitled to vote
to accept or reject the Plan.  The Term Loan Secured Claim shall be
an Allowed Claim in the amount of $150 million, plus accrued and
unpaid interest in the amount of $10,359,927, plus all fees and
costs recoverable under the Term Loan Agreement, minus any amounts
the Debtors pay to the Term Loan Lenders before Confirmation of the
Plan. Pursuant to the Cash Collateral Orders, the Term Loan Lenders
have received an interim distribution in the amount of
$126,500,000. Class 5 is Impaired by the Plan.  In light of the
fact that the Term Loan Secured Claim and the Term Loan Diminution
Claim are not anticipated to be satisfied in full, Holders of
General Unsecured Claims shall not receive or retain any property
under the Plan on account of such Claims."

The Court scheduled a Jan. 25, 2018 hearing to consider the
Disclosure Statement, according to Bankruptcy Data.

                    About ARO Liquidation

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

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

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

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

Judge Sean H. Lane is assigned to the cases.

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

On June 29, 2017, Judge Lane authorized changes to the Debtors'
corporate names in relation to their bankruptcy cases.  The new
name for Aeropostale Inc. is now ARO Liquidation, Inc., Case No.
16-11275.


ALLIED UNIVERSAL: Moody's Revises Outlook to Neg. & Affirms B3 CFR
------------------------------------------------------------------
Moody's Investors Service changed Allied Universal Holdco LLC's
(Allied Universal) rating outlook to negative. At the same time,
Moody's affirmed all of its existing ratings for Allied Universal,
including the company's B3 Corporate Family Rating and B3-PD
Probability of Default Rating.

The change in outlook to negative reflects the sizable level of
free cash flow burn that Allied Universal has experienced for the
first three quarters of 2017 as a result of disruption to its
billing and accounts receivable collections in the aftermath of the
late-2016 merger of Allied and Universal and the following six
additional acquisitions. For the first nine months of 2017, Allied
Universal burned about $110 million of cash, which has been funded
with $160 million of net borrowings under its revolving credit
facility. The negative outlook also reflects the pressures that
Allied Universal's operating margin is experiencing as a result of
rising wage costs, employee turnover, integration costs, and
achieved synergies that have been lower than original forecasts.

The following ratings were affirmed by Moody's:

Corporate Family Rating, B3

Probability of Default Rating, B3-PD

$300 million senior secured first lien revolving credit facility
due July 28, 2020, B2 (LGD3)

Senior secured first lien term loans due July 28, 2022, B2 (LGD3)

Senior secured second lien term loans due July 28, 2023, Caa2
(LGD5)

Outlook Actions:

Outlook, Changed To Negative From Stable

RATINGS RATIONALE

Allied Universal's B3 CFR is constrained by its highly leveraged
capital structure, with debt-to-EBITDA for the twelve months ended
September 30, 2017 of 8.3 times. The rating is also constrained by
Allied Universal's financial sponsor ownership, which has resulted
in a history of debt financed shareholder returns and acquisitions.
In addition, the B3 CFR rating reflects Allied Universal's low
operating margins relative to other services companies, as a result
of intense pricing competition and ongoing wage pressures. Recent
earnings have also been weighed down by the high level of
integration expenses associated with the late-2016 merger of Allied
and Universal and several follow-on acquisitions.

However, Allied Universal benefits from its market position as the
US's largest security services company, as well as the relatively
recession resistant nature of the security services business, more
broadly. The rating is also supported by the expectation that the
costs associated with integration are largely behind Allied
Universal, indicating the company's ability to reduce leverage to a
level that is more in line with its B3 CFR. In addition, the rating
is supported by Allied Universal's adequate interest coverage, with
EBITA-to-interest expense of 1.4 times for the twelve months ended
September 30, 2017.

The rating outlook could return to stable should Allied Universal
demonstrate progress towards reducing its debt-to-EBITDA to levels
more in line with its rating, in particular by reversing its
negative operating trends and returning to a non-cash absorptive
(positive free cash flow) profile, dramatically reducing its level
of integration costs and improving operating margins. Given the
negative outlook, an upgrade is not expected at the present time.
However, the ratings could be upgraded if Allied Universal is able
to successfully execute on its growth strategy, resulting in
revenue growth and improved operating margins such that
debt-to-EBITDA is sustained below 6.0 times and EBITA-to-interest
expense rises above 2.0 times. A ratings upgrade would also require
the company maintain a good liquidity profile, including positive
free cash flows, and also employ financial policies that support
improved credit metrics sustained at such levels or better.

Allied Universal's ratings could be downgraded if the company fails
to stabilize recent adverse earnings and free cash flow trends, or
is unable to dramatically reduce the level of integration costs in
2018. Any further decline in earnings or the loss of contracts with
key customers could pressure ratings. A downgrade could be
warranted if EBITA-to-interest falls to one time or below, or
Allied Universal is unable to improve earnings such that
debt-to-EBITDA remains above 7.25 times beyond the next eighteen
months. In addition, any further deterioration of liquidity
characterized by persistently weak cash flows that results in
continued high reliance on revolver borrowings to cover operational
needs could pressure ratings, as well as aggressive financial
policies such as enhanced shareholder return initiatives or further
debt-financed acquisitions.

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

Headquartered in Conshohocken, PA and Santa Ana, CA, Allied
Universal Holdco LLC is the largest North American security
services company, with revenue for the twelve months ended
September 30, 2017 of about $5.3 billion. The company is majority
owned by private equity firms Warburg Pincus LLC and French
investment company Wendel Group (Wendel).


ALTADENA LINCOLN: Exclusive Solicitation Period Extended to Feb. 1
------------------------------------------------------------------
The Hon. Sheri Bluebond of the U.S. Bankruptcy Court for the
Central District of California has extended, at the behest of
Altadena Lincoln Crossing LLC, the exclusivity period for the
Debtor to solicit acceptance of its plan of reorganization and any
amendments thereto until Feb. 1, 2018.

As reported by the Troubled Company Reporter on Sept. 12, 2017, the
Debtor sought the 120-day extension, saying that the resolution of
the default interest dispute and the consequent reduction in the
claim held by East West Bank is a precondition of the Debtor's exit
plan, as currently proposed.  The Debtor averred that the outcome
and successful resolution of the claims is not a precondition to
confirmation.

                About Altadena Lincoln Crossing LLC

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

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

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


AMERICAN HEALTH: A.M. Best Affirms 'B(fair)' Fin. Strength Rating
-----------------------------------------------------------------
A.M. Best has affirmed the Financial Strength Rating (FSR) of B
(Fair) and the Long-Term Issuer Credit Rating (Long-Term ICR) of
"bb+" of American Health and Life Insurance Company (AHLIC).
Additionally, A.M. Best has affirmed the FSR of B (Fair) and the
Long-Term ICR of "bb+" of Triton Insurance Company (Triton). Both
companies are domiciled in Fort Worth, TX

Concurrently, A.M. Best has affirmed the FSRs of B (Fair) and the
Long-Term ICRs of "bb+" of Merit Life Insurance Co. (Merit Life)
and Yosemite Insurance Company (Yosemite). Both entities are
domiciled in Evansville, IN. The outlook of these Credit Ratings
(ratings) is stable. All entities are wholly owned by OneMain
Holdings, Inc. (OneMain) (NYSE:OMF), formerly Springleaf Holdings,
Inc.

The ratings of AHLIC and Merit Life reflect each company's balance
sheet strength, which A.M. Best categorizes as strong, as well as
their adequate operating performance, business profile and
enterprise risk management (ERM). A.M. Best notes that Merit Life's
business profile is considered limited due to the run-off nature of
its operations. Additionally, the ratings of AHLIC and Merit Life
reflect the risk profile of their parent, OneMain, a below
investment grade, consumer finance company. A.M. Best notes that
OneMain has made some progress in repaying near-term debt and
improving its liquidity, as well as improving operating
performance, but leverage remains high and coverage metrics are
modest. AHLIC maintains a favorable market position in the credit
insurance market, and the company historically has reported
favorable operating income, contributing to solid risk-adjusted
capitalization. However, top-line growth has been challenged more
recently, as closed block runoff is outpacing premium growth. Merit
Life continues to report volatility within its credit life
operations and a modestly declining premiums trend. A.M. Best
believes the organization as a whole will work to consolidate
entities, and improve efficiencies and scale within its insurance
operations in the near term.

The ratings of Triton and Yosemite reflect each company's balance
sheet strength, which A.M. Best categorizes as very strong, as well
as their strong operating performance, neutral business profile and
appropriate ERM. The ratings also reflect management's expertise in
consumer finance-oriented products and the business opportunities
derived from its affiliates. Triton and Yosemite are dependent on
OneMain as their primary distribution source and have significant
concentration in credit insurance products. Triton maintains a
competitive market position in the credit insurance market and has
historically reported strong operating results. However, recent
trends show a decline in premiums, and expense trends have been on
the rise. Yosemite also has reported a recent decline in premiums
and some operating volatility related to its closed block runoff
business; however, overall operating performance continues to be
strong. In addition, the companies' future financial constraints
were considered in terms of underwriting performance trends and
dividends, as these constraints may stress risk-adjusted capital
levels needed to support future growth.


APPALACHIAN CHRISTIAN: Fitch Cuts Ser. 2013 Rev Bonds Rating to BB
------------------------------------------------------------------
Fitch Ratings has downgraded the following bonds issued by the
Health and Educational Facilities Board of the City of Johnson
City, Tennessee on behalf of Appalachian Christian Village (d/b/a
Cornerstone Village) (ACV):

-- $18.45 million revenue refunding and improvement bonds
    (Appalachian Christian Village), series 2013 to 'BB-'
    from 'BB+'.

Additionally, Fitch maintains the bonds on Rating Watch Negative.

SECURITY

The bonds are secured by a pledge of gross revenues and a mortgage
on certain property of the obligated group, consisting of
Appalachian Christian Village and Appalachian Christian Village
Foundation, Inc. A fully funded debt service reserve fund provides
additional security.

KEY RATING DRIVERS

DETERIORATING LIQUIDITY POSITION: The downgrade reflects ACV's
deteriorating liquidity position as its unrestricted cash and
investment position continued to fall through the six-month interim
period (ending Sept. 30, 2017) and remains approximately 37% lower
than fiscal 2015 levels. ACV's unrestricted cash and investment
position of $4.3 million translates into 89 days cash on hand
(DCOH), 3.4x cushion ratio, and 22.5% cash to debt, all weaker than
Fitch's below investment grade (BIG) medians of 283, 4.4x, and
34.2%, respectively. Based on its second quarter disclosure
package, ACV is reporting 96 DCOH per its MTI calculation which
remains lower than its 120 DCOH covenant and, if not improved by
fiscal year-end, may result in consecutive annual covenant
violations.

OPERATIONS CONTINUE TO STRUGGLE: The downgrade also reflects ACV's
financial performance through the six-month interim period. At
Sept. 30, 2017, ACV had a 102.6% operating ratio, 0.7% net
operating margin (NOM), and a negative 9.9% excess margin, all
weaker than Fitch's 'BIG' medians of 101.5%, 9.5%, and negative
2.9%, respectively. Furthermore, per its MTI calculation, ACV is
reporting a 0.76x debt service coverage (DSC) through the six-month
interim period which would violate its DSC covenant of 1.0x and, if
not improved by fiscal year-end, may result in consecutive annual
covenant violations. However, Fitch does note that ACV has recently
implemented a remediation plan which is geared towards turning
around its recently weak operational performance.

PROBABLE COVENANT VIOLATION IN FISCAL 2017: ACV reported a 0.85x
DSC ratio and 112 DCOH for fiscal 2017 (unaudited) in its unaudited
year-end disclosure package. Both are in violation of its DSC and
liquidity covenants and DSC below 1.0x would be a technical default
under its master trust indenture. ACV's DCOH covenant violation
would not require a consultant call-in for the first violation, nor
is it an event of default. ACV is tested on coverage at its fiscal
year-end and on liquidity bi-annually.

IMPROVING, BUT WEAK ILU CENSUS: As of Sept. 30, 2017, independent
living (IL) occupancy was 77% and IL cottage (Maple Crest)
occupancy was 81% which is an improvement from the 74% and 70%
occupancy averaged, respectively, during the six-month interim
period of fiscal 2016 (ending Sept. 30, 2016). Despite the increase
in occupancy, the low ILU occupancy will continue to impact ACV's
financial profile and remains an ongoing challenge for management.


RATING SENSITIVITIES

IMPROVEMENT IN OPERATIONAL PERFORMANCE/LIQUIDITY POSITION:
Appalachian Christian Village recently implemented a remediation
plan geared towards turning around its recently weak operational
performance. ACV would need to improve its operational performance
and liquidity position, in addition to avoiding more covenant
violations for stabilization of the rating. Conversely, further
liquidity deterioration, continuation of its weak operational
performance, or addition covenant violations would likely result in
further downward rating action.

COVENANT VIOLATION RESOLUTION: Following a release of its audited
financial statements for fiscal 2017, ACV will report its official
audited debt service coverage and liquidity covenant calculations.
The Rating Watch may be resolved if the official coverage and
liquidity calculations are not in violation of its MTI covenants.
However, given ACV's likely covenant violations in fiscal 2017,
Fitch expects to resolve the Rating Watch Negative following the
resolution of the covenant violations, which could come in the form
of a consultant call-in, waiver, or an addition remedy that may
include acceleration of its debt.

CREDIT PROFILE

ACV is a Type-C continuing care retirement community located in
Johnson City, TN with 177 ILUs, 89 assisted living units, and 103
SN beds located on two campuses, Sherwood and Pine Oaks. Of the 89
ALUs, 69 are located at Pine Oaks Assisted Living Community, which
is leased and operated by ACV, but not part of the obligated group.
Fitch reviews the financial results of the obligated group, which
reported approximately $18 million in total operating revenues in
fiscal 2017 (unaudited).

REMEDIATION PLAN

Per its second quarter disclosure package, ACV has implemented a
remediation plan geared towards turning around its recently weak
operational performance. This plan entails the removal and
replacement of its CEO, hiring an executive committee member from
its Board of Directors as a paid on consultant, improving marketing
efforts, and implementing effective expense controls. Additionally,
ACV is looking to improve its cash collection process which, if
executed, should help improve its liquidity position. As of Sept.
30, 2017, ACV's accounts receivable (AR) of $2.9 million remains
161% higher than the $1.1 million in AR at the end of fiscal 2016.


Given ACV's recently weak operational performance, its
deteriorating liquidity position remains an ongoing credit concern.
As of Oct. 31, 2017, ACV's unrestricted cash and investment
position fell 18% month-over-month to $3.5 million which translates
into 79 DCOH (per MTI calculation) and remains in violation of its
liquidity covenant. The decline in liquidity is likely attributed
to the corresponding decline in ACV's accounts payable, which fell
40% from $2.1 million at Sept. 30, 2017 to $1.3 million at Oct. 31,
2017. A continuation of ACV's weak operational performance or
further liquidity declines would put negative pressure on the
rating.

Furthermore, ACV is currently in the process of contracting a
third-party consultant that will be approved by both the bond
counsel and bond trustee. The consultant is expected to complete an
operational assessment and provide a report over the coming months.
Fitch has not had a call with management for this current review.
However, Fitch plans to monitor the situation and have a call with
the new management team over the coming months as the audited
financial statements, interim financial statements, and consultant
reports are made available.


APTIM CORP: Moody's Revises Outlook to Neg. & Affirms B3 CFR
------------------------------------------------------------
Moody's Investors Service changed the rating outlook for APTIM
Corp. ("APTIM") to negative, from stable. At the same time, Moody's
affirmed the company's B3 Corporate Family Rating, B3-PD
Probability of Default Rating, and the B3 rating for APTIM's senior
secured notes due 2025.

The outlook change reflects Moody's uncertainty regarding the
company's ability to retain key customers long-term following the
recently announced termination of services by a large customer,
Entergy Corporation (rated Baa2 stable by Moody's). Moody's noted
that this most recent customer loss marks the second large customer
that has terminated its contract (the other being a subsidiary of
Exelon, also rated Baa2 stable) with APTIM in the past six months,
meaningfully weakening the company's future earnings prospects such
that leverage will remain elevated in the low 6.0 times range over
the next 12 months. The rating affirmation reflects Moody's view
that the company will maintain a good liquidity profile,
nonetheless, supported by a healthy amount of balance sheet cash
and ensuing limited reliance on its asset backed loan (ABL) for the
next 12 to 18 months.

According to Moody's Analyst Andrew MacDonald, "APTIM's performance
has been challenged by recent large customer losses that will push
leverage higher in the coming months, and in relatively short order
since Moody's initial engagement and assignment of ratings. Moody's
remain cautious longer-term as a result of more limited visibility
into forward financial performance and related uncertainties given
these unanticipated developments," added MacDonald.

Moody's affirmed the following ratings:

Issuer: APTIM Corp.

Corporate Family Rating at B3

Probability of Default Rating at B3-PD

$515 Million Senior Secured Notes due 2025 at B3 (LGD4)

Outlook, Changed to Negative from Stable

RATINGS RATIONALE

APTIM's B3 CFR broadly reflects ongoing execution risks associated
with its carve-out transition from Chicago Bridge & Iron (CB&I),
thin operating margins, and Moody's expectation of minimal revenue
and earnings growth at least through 2018. Other constraining
factors include a lack of pre-payable debt, potential for a large
debt-funded acquisition, event risks associated with financial
sponsor ownership, high customer concentration, and ramping
competitive intensity in the industry. Uncertainties inherent to
estimating contract costs, surety bonding and letter of credit
requirements for new projects, meeting requisite performance
standards, and the involvement of subcontractors also impose
additional risks to profitability and liquidity measures for the
company. The rating is supported, however, by still reasonably good
revenue and earnings visibility, as evidenced by the company's
sizable remaining contract backlog and the relative stability of
its non-nuclear operations and maintenance (O&M) and environmental
service offerings, which tend to have more predictable demand
characteristics. A good liquidity profile also underpins Moody's
assessment of credit risk and the assigned ratings.

The negative outlook considers that following the loss of Exelon
and Entergy, Moody's expects leverage will be temporarily elevated
above 6 times for the next 12 months, which had previously been
cited as a trigger for prospective consideration of a potentially
downgrade.

Revenue and earnings growth that contributed to a Moody's-adjusted
debt-to-EBITDA sustained below 4.5 times while maintaining good
liquidity (including at least $100 million of availability under
the revolver) would be needed to warrant consideration of a
prospective ratings upgrade. This would also have to be accompanied
by successful execution on the carve-out transition with minimal
unanticipated one-time expenses, according to the rating agency.

Ratings could be downgraded if revenue or EBITDA decline, such that
debt-to-EBITDA is expected to be sustained above 6 times.
Unexpected surety bond or letter of credit requirements that
constrain liquidity, or leveraging debt-funded acquisitions or
dividends, could also result in a ratings downgrade.

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

Headquartered in The Woodlands, TX and Baton Rouge, LA, APTIM
provides operations and maintenance, EPC, environmental services,
and program management services to clients in the commercial
(power, industrial, and retail), government and infrastructure
sectors. The company's revenue was $2.1 billion for the twelve
month period ended September 31, 2017. APTIM is owned by private
equity firm Veritas Capital.


ARMSTRONG ENERGY: Seeks OK of Non-Insider Retention Program
-----------------------------------------------------------
BankruptcyData.com reported that Armstrong Energy filed with the
U.S. Bankruptcy Court a motion for entry of an order approving the
Debtors' non-insider retention program. The motion explains, "The
Debtors seek entry of an order (a) approving the Debtors'
Non-Insider Retention Program for approximately 510 non-insider
employees (collectively, the 'Program Participants'), providing for
an award pool of approximately $255,000 in the aggregate. Under the
Non-Insider Retention Program, Program Participants who remain
employees of the Debtors through the effective date of the Debtors'
chapter 11 cases will each be granted an award of $500 - in the
aggregate, this amounts to no more than $255,000. Awards will be
paid in a lump sum after the Effective Date, and will coincide with
the Program Participants' final paychecks from the Debtors (the
'Payment Date'). Payments will only be made to Program Participants
that are (a) employed by the Debtors through the Effective Date and
who continue to perform all of their duties and responsibilities in
the ordinary course, or (b) terminated without cause prior to the
Payment Date. Program Participants will receive the award
regardless of whether they are offered employment by the entity
acquiring the Debtors' assets. Importantly, the Program
Participants are the same employees that participate in the
Debtors' ordinary course, non-insider incentive award programs. No
insider (as that term is defined by section 101(31) of the
Bankruptcy Code) is a Program Participant. The Debtors believe it
is important to provide direction and incentive opportunities to
their workforce, especially in light of their anticipated WARN Act
notices. Implementing this program is essential to maintaining
employee morale and minimizing the adverse effects of these chapter
11 cases on the Debtors' ongoing business operations." The Court
scheduled a January 16, 2018 hearing to consider the motion.

                    About Armstrong Energy

Armstrong Energy, Inc., through its 100% wholly owned subsidiary
Armstrong Coal Company, Inc., is a producer of steam coal in the
Illinois Basin.  Armstrong -- http://www.armstrongenergyinc.com/--
controls over 565 million tons of proven and probable coal reserves
and operates five mines in Western Kentucky.  Armstrong ships coal
to utilities via rail, truck and barge and has the capability
toprovide low cost custom blend coal to fuel virtually any electric
power plant in the Midwest and Southeast regions of the nation.
The Company employs approximately 600 individuals on a full-time
basis.

Armstrong Energy and eight affiliates, including Armstrong Coal
Company, Inc., sought Chapter 11 protection (Bankr. E.D. Mo. Lead
Case No. 17-47541) on Nov. 1, 2017, after reaching a plan that
would transfer assets to the Company's senior bondholders and
Knight Hawk Holdings, LLC, in exchange for a $90 million credit
bid.

As of June 30, 2017, Armstrong Energy had $308.95 million in total
assets, $435.3 million in total liabilities and a total
stockholders' deficit of $126.3 million.

The Hon. Kathy A. Surratt-States is the case judge.

The Debtors tapped Kirkland & Ellis LLP as bankruptcy counsel;
Armstrong Teasdale LLP as local counsel; Maeva Group, LLC, as
financial advisor; FTI Consulting, Inc., as restructuring advisor;
and Donlin, Recano & Company, Inc., as claims and noticing agent.

The Supporting Holders tapped Paul, Weiss, Houlihan and Carmody
MacDonald P.C. as counsel; and Houlihan Lokey, Inc., as financial
advisor.  Knight Hawk tapped Jackson Kelly PLLC as counsel.
Majority shareholder Rhino Resource Partners Holdings LLC is
represented by Thompson & Knight LLP.  Thoroughbred Resources,
L.P., is represented by Willkie Farr & Gallagher LLP.


ATLAS DISPOSAL: Proposes a Sale of Vehicles & Containers for $17K
-----------------------------------------------------------------
Atlas Disposal Options, Inc., asks the U.S. Bankruptcy Court for
the District of New Jersey to authorize the sale of six commercial
vehicles and six steel roll-off containers to Recycle Oil and TMT
Trucking for the sum of $17,000.

The Vehicles and Containers to be sold are:

     a. 1999 Western Star 4964SX Tri-Axle Roll-off Container Truck
(VIN 2WLPCD2H2XK958689) with 359,188 miles, an Eaton Fuller 8 speed
transmission, Caterpillar C-12 diesel engine and a 60,000 pound
Manupac hoist - To be sold to Recycle Oil, 1600 South 25th Street,
Easton, Pennsylvania for $2,500.  Its fair market value ("FMV") is
$4,000.

     b. 1996 International 4900 Ingle Vacuum tank truck (VIN
1HTSDAAN2TH357640) with 164,920 miles, 6 speed plus transmission,
DT466E Diesel Engine and 2500 gallon steel tank with Fruitland Pump
- To be sold to Recycle Oil for $2,500.  Its FMV is $2,500.

     c. 1996 Freightliner FLD120 tandem axle conventional cab truck
tractor (VIN 1FUPDMCB9TL621692) with over 500,000 miles, Eaton
Fuller 10 speed transmission, Cummins M11 Plus Diesel Engine (front
fiberglass nose off vehicle and being repaired) - To be sold to
Recycle Oil for $2,500.  Its FMV is $3,500.

     d. 1996 Kenworth T800B Conventional cab Tri-Axle Vacuum Truck
(VIN 1NKDXBTX3TJ717622) with 529,535 miles, 10 speed transmission,
14.6L Caterpillar diesel engine, 5000 gallon steel tank with
Massport pump) Vehicle in a previous accident, frame damage and
repaired - To be sold to Recycle Oil for $4,000. Its FMV is
$4,500.

     e. 1988 FLD Freightliner (VIN 1FVUZCYB3JH405789) with 462,000
miles - To be sold to TMT Trucking, 68 North Dell, Kenvil, New
Jersey for $1,500.  Its FMV is 8$2,500.

     f. 1996 TRL RET Trailer (VIN 3R9A32446TM0012) - To be sold to
Recycle Oil for $1,000.  Its FMV is $1,500.

     g. Steel Roll Off Containers (Various condition, none better
than Fair) - To be sold to Recycle Oil for $3,000.  Its FMV is
$2,500.

A hearing on the Motion is set for Jan. 23, 2018 at 10:00 a.m.

On May 24, 2016, the Court entered a Chapter 11 Small Business
Scheduling Order, pursuant to which the Debtor's exclusive right to
file a Plan expired on Nov. 8, 2016, and the Debtors Disclosure
Statement and Plan were due to be filed prior to March 8, 2017.
That deadline has been extended through various Orders and
hearings.

The Debtor asks the Court to approve the sale of the Vehicles and
Containers, free and clear of all liens, claims and encumbrances.
It submits that the sale of the Property is in the best interest of
the estate, and Creditor body and is well within its business
judgment.  In this case, a sound business reason justifies its
decision to sell the vehicles as the business is not generating
sufficient accounts as such, and the business is not generating
sufficient revenues to allow the Debtor to pay its creditors and
make the regular monthly payments due to the Internal Revenue
Service under its Cash Collateral Order.

The Internal Revenue Service and the State of New Jersey (Division
fo Taxation and Division of Employer Accounts) are the only
entities with a secured claim in the proposed Purchased Property by
virtue of its liens (as opposed to promissory notes or mortgages)
and the funds from the sale of same will be held in Escrow.

As a result of these sales, the Debtor will be placing $17,000 in
the Attorney Trust Account of its counsel.  This figure translates
into almost 80% of the Fair Market Value of the Vehicles and
Containers.

As it is proposed that these Vehicles and Containers be sold free
and clear of liens, with any and all liens to attach to the
proceeds held by Counsel for the DIP, the notice is provided
pursuant to Federal Rules of Bankruptcy Procedure 6004 and 9014.
It would be appropriate in the instant case to allow the sale of
the aforementioned Vehicles and Containers, and permit the proceeds
of same to be held by the Counsel for the DIP and applied to the
Combined Plan and Disclosure Statement that will be filed later of
the month and would be viable for balloting and confirmation.

                  About Atlas Disposal Options

Atlas Disposal Options, Inc., was formed to offer environmental
contractors and industrial clients a single source for all their
disposal needs.  The Debtor facilitates transportation and disposal
of almost any waste stream, utilizing its own trucks, personnel and
equipment to transport and dispose of any petroleum, sanitary or
hazardous waste.

Atlas Disposal Options sought protection under Chapter 11 of the
Bankruptcy
Code (Bankr. D.N.J. Case No. 16-19253) on May 12, 2016.  Paul
Masser, president, signed the petition.

At the time of the filing, the Debtor disclosed $347,640 in assets
and $1.05 million in liabilities.

The case is assigned to Judge Vincent F. Papalia.

Initially, the Debtor was represented by Richard Fogel, Esq.
Subsequently, the Debtor employed Stuart M. Nachbar, Esq. at Law
Office of Stuart M. Nachbar, P.C., to represent it in its case.
The Debtor also tapped Walter B. Dennen, Esq. at Aimino & Dennen,
LLC as special counsel; and Todd S. Marrazzo as accountant.


BAY HARBOUR HOMES: Taps McElroy Deutsch as Special Counsel
----------------------------------------------------------
Bay Harbour Homes, LLC seeks approval from the U.S. Bankruptcy
Court for the Middle District of Florida to hire McElroy, Deutsch,
Mulvaney & Carpenter, LLP as its special counsel.

The firm will provide legal services in connection with the
Debtor's dispute with Jason and Shawn Sanchez who have filed a
claim in the amount of $117,526.49 against the Debtor.

The firm's hourly rates range from $300 to $450 for senior partners
and shareholders, $225 to $275 for associates, and $125 to $175 for
paralegals.  James Myers, Esq., the attorney who will be handling
the case, charges an hourly fee of $350.

McElroy has no connection with the Debtor's creditors, according to
court filings.

The firm can be reached through:

     James S. Myers, Esq.
     McElroy, Deutsch, Mulvaney & Carpenter,
     Wells Fargo Center
     100 South Ashley Drive, Suite 632
     Tampa, FL 33602
     Tel: 813-397-3630
     Fax: 813-397-3601
     Email: jmyers@mdmc-law.com

                      About Bay Harbour Homes

Bay Harbour Homes, LLC, filed a Chapter 11 petition (Bankr. M.D.
Fla. Case No. 17-03805) on May 1, 2017.  The Debtor estimated
assets of less than $50,000 and liabilities of less than $100,000.
Leon A. Williamson, Jr., Esq., at Leon A. Williamson, Jr., P.A.,
serves as the Debtor's bankruptcy counsel.

No official committee of unsecured creditors has been appointed.


BETTYE RIGDON: $225K Sale of Forth Worth Property to Schroeders OKd
-------------------------------------------------------------------
Judge Mark X. Mullin of the U.S. Bankruptcy Court for the Northern
District of Texas authorized Bettye J. Rigdon's sale of her
residential real property located at 7300 Overhill Road, Fort
Worth, Texas to James and Melissa Schroeder for $255,000.

The sale is free and clear of all liens, claims, encumbrances, and
interests; provided, however, if the Sale closes in 2018, the liens
securing the payment of all amounts ultimately owed for ad valorem
property taxes for the year 2018 will remain attached to the
Property.  All liens, claims, encumbrances, and interests existing
against the Property as of the date of the Sale (other than 2018 ad
valorem tax liens) will attach solely to the proceeds of the Sale.

Tarrant County will receive payment in full of year 2016 ad valorem
real property ad valorem taxes plus interest that has accrued at
the state statutory rate of 1% per month from the petition date
through the date of payment along with all amounts ultimately owed
for tax year 2017 at the time of payment, including all
postpetition penalties and interest that may have accrued.
Notwithstanding any other provision in the Order, Tarrant County
will retain the liens that secure all amounts ultimately owed for
tax year 2018 including all penalties and interest that may accrue
which will be the responsibility of the Buyers.  Tarrant County
will retain the right to exercise its state law collection rights
in the event the Buyers fail to timely pay the taxes.

The Debtor and the title company are authorized and directed to pay
these expenses and obligations at Closing from the Sale proceeds:

      a. All closing costs and expenses associated with the Sale
for which the Debtor is obligated under the Sale Agreement;

      b. The broker commission equal to 6% of the purchase price,
to be split evenly between Tony Culwell and the Buyers’ broker in
accordance with the Sale Agreement;

      c. All ad valorem taxes assessed against the Property for the
years 2016 and 2017, which will be $4,364 and $4,247, respectively,
if Closing occurs during December 2017;

      d. The amount of $51,329 to Ocwen as provided in the Ocwen
payoff statement dated Dec. 15, 2017; and

      e. The balance of all sale proceeds, after payment of the
described amounts, to the Internal Revenue Service by check made
payable to the Department of Justice and sent c/o Donna K. Webb,
Assistant (United States Attorney, 801 Cherry St., Ste. 1700,
Burnett Plaza Unit #4, Fort Worth, Texas 76102, to be applied to
the secured portion of the IRS' claim against the Debtor.

The stay imposed by Bankruptcy Rule 6004(h) is waived and the Order
will be effective and enforceable immediately upon its entry.

Bettye Jeanne Rigdon, Carousel Properties, LLC and and TLD Bar
Ranch, LP, sought Chapter 11 protection (Bankr. N.D. Tex. Case No.
16-44620 to 16-44622) on Dec. 2, 2016.  The Debtors' cases are
jointly administered under Case No. 16-44620.

Counsel for Bettye J. Rigdon:

           Jeff P. Prostok, Esq.
           Lynda L. Lankford, Esq.
           FORSHEY & PROSTOK, L.L.P.
           777 Main Street, Suite 1290
           Fort Worth, TX 76102
           Telephone: (817) 877-8855
           Facsimile: (817) 877-4151
           E-mail: jpp@forsheyprostok.com


BIBBY OFFSHORE: Chapter 15 Case Summary
---------------------------------------
Chapter 15 Debtor: Bibby Offshore Services Plc
                   105 Duke Street
                   Liverpool L1 5JQ
                   United Kingdom

Type of Business: Bibby Offshore Holdings Limited provides a
                  range of subsea construction services to the
                  oil and gas industry.  The company was
                  incorporated in 2010 and is based in Liverpool,
                  United Kingdom.  Bibby Offshore Holdings
                  Limited operates as a subsidiary of Bibby Line
                  Group Limited.  

                  http://www.bibbyoffshore.com/

Foreign
Proceeding
in Which
Appointment
of Foreign
Representative
Occurrred:         Chancery Division (Companies Court),
                   High Court of Justice, England & Wales

Chapter 15
Petition Date: December 20, 2017

Chapter 15
Case No.:      17-13588

Court:         United States Bankruptcy Court
               Southern District of New York (Manhattan)

Judge:         Hon. Martin Glenn

Authorized
Representative: Howard Woodcock

Foreign
Representative's
Counsel:           Adam J. Goldberg, Esq.
                   Hugh Keenan Murtagh, Esq.
                   LATHAM & WATKINS, LLP
                   885 Third Avenue
                   New York, NY 10022
                   Tel: (212) 906-1200
                   Fax: (212) 751-4864
                   E-mail: adam.goldberg@lw.com
                          hugh.murtagh@lw.com

Estimated Assets: Unknown

Estimated Debts: Unknown

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

        http://bankrupt.com/misc/nysb17-13588.pdf


BLUE DIAMOND: Case Summary & 2 Unsecured Creditors
--------------------------------------------------
Debtor: Blue Diamond LLC
           fdba Garnet Inc
           fdba Mason Springs LLC
           fdba Alpha Rasl Estate LLC
           fdba Omicron Real Estate LLC
           fdba Beta Real Estate LLC
           fdba Gamma Real Estate LLC
           fdba Delta Real Estate LLC
           fdba Mason Springs II LLC
           fdba Opalite Inc.
           fdba Lotimar Inc.
           fdba Sigma Real Estate LLC
           fdba Iota Real Estate LLC
           fdba Epsilon Real Estate LLC
        1774 Winchester Avenue Suite 1
        Martinsburg, WV 25405

Type of Business: Real Estate.  Blue Diamond LLC is a privately
                  held company based in Martinsburg, West
                  Virginia.

Chapter 11 Petition Date: December 20, 2017

Case No.: 17-01234

Court: United States Bankruptcy Court
       Northern District of West Virginia (Martinsburg)

Judge: Hon. Patrick M. Flatley

Debtor's Counsel: Martin P. Sheehan, Esq.
                  SHEEHAN & NUGENT, PLLC
                  41 15th Street
                  Wheeling, WV 26003
                  Tel: (304) 232-1064
                  Fax: 304-232-1066
                  E-mail: sheehanbankruptcy@wvdsl.net

Estimated Assets: $10 million to $50 million

Estimated Debt: $1 million to $10 million

The petition was signed by James Hutzler, Jr., member/manager.

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

       http://bankrupt.com/misc/wvnb17-01234.pdf

Debtor's List of Two Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Capital One Credit Card                                   $7,000
PO box 30285
Salt Lake City, UT
84130-0288

United Bank                       Various commercial    $725,831
450 Foxcroft Avenue               Properties bars/
Martinsburg, WV 25405              lottery parlors



C-N-T REDI: Brackett & Ellis Represents Metroplex & NCS Redi-Mix
----------------------------------------------------------------
Brackett & Ellis, P.C., filed with the U.S. Bankruptcy Court for
the Northern District of Texas a verified statement pursuant to
Federal Rule of Bankruptcy Procedure 2019, stating that it is
representing multiple entities in the Chapter 11 case of C-N-T Redi
Mix, LLC.

BE represents these creditors:

     a. Metroplex Sand & Gravel, Ltd.
        Attn: Dale Brooks
        P.O. Box 185104
        Fort Worth, Texas 76181

     b. NCS Redi-Mix, LLC
        Attn: Dale Brooks
        P.O. Box 185104
        Fort Worth, Texas 76181

Each of the creditors has requested that BE represent it in the
Debtor's bankruptcy proceeding with full knowledge of BE's
representation of the other creditor.  Each of the creditors has a
claim against the Debtor for goods and services delivered to the
Debtor.  The amount of each of the foregoing creditors' claims has
not been fully determined.

Neither BE, nor any attorney, thereof has at any time during its
representation of the creditors owned any claim against or interest
in the Debtor.

BE can be reached at:

     Amanda B. Hernandez
     BRACKETT & ELLIS, P.C.
     100 Main Street
     Fort Worth, TX 76102-3090
     Tel: (817) 338-1700
     Fax: (817) 870-2265
     E-mail: ahernandez@belaw.com

                      About C-N-T Redi Mix

Based in Dallas, Texas, C-N-T Redi Mix, LLC, is a company that
sells concrete and concrete supplies.

C-N-T Redi Mix first filed a voluntary Chapter 11 case in U.S.
Bankruptcy Court for the Northern District of Texas, Dallas
Division (Bankr. N.D. Tex. Case No. 16-30274) on Jan. 20, 2016.

C-N-T Redi Mix again filed a Chapter 11 petition (Bankr. N.D. Tex.
Case No. 17-34580) on Dec. 5, 2017.  Apryl Daniel, sole member,
signed the petition.  At the time of filing, the Debtor estimated
$100,000 to $500,000 in assets and $1 million to $10 million in
liabilities.

The case is assigned to Judge Harlin DeWayne Hale.

Eric A. Liepins, Esq., at Eric A. Liepins, P.C., represents the
Debtor.


CALVARY COMMUNITY: AG Financial Has Over $3.6MM Secured Claim
-------------------------------------------------------------
Calvary Community Assembly of God, Inc., filed a disclosure
statement with the U.S. Bankruptcy Court for the District of
Nevada.

General unsecured claims will receive, over time, a percentage of
their claims, although the plan may designate a subclass of small
"convenience class" claims which will be paid in full on the
effective date.  In rare situations, the plan may designate
additional unsecured subclasses.

Unclassified claims, such as costs of administering this bankruptcy
case, generally are entitled to be paid in full on the plan's
effective date.

Secured claims are generally entitled to be paid in full, over
time, with interest.

Debtor currently owns (1) real property with a BPO value of
$11,533,750.00; (2) 1997 Ford E350 van with maximum value of
$7,000.00; (3) Inventory for school and church of unknown value,
consisting of furniture, electronics, and office supplies; and (4)
Debtor in Possession Bank Accounts.

AG Financial has a secured claim against the real property in the
amount of $3,659,055.84.

The plan proponent believes it is feasible because, both on the
effective date and for the duration of the plan, the proponent
estimates that debtor will have sufficient cash to make all
distributions.

A ful-text copy of Calvary Community's disclosure statement is
available at:

           http://bankrupt.com/misc/nvb17-13475-75.pdf

         About Calvary Community Assembly of God, Inc.

Calvary Community Assembly of God -- http://www.ccalv.org/-- is a
Pentecostal Church in Las Vegas Nevada.  This Assemblies of God
church serves Clark County NV - Pastor Bruce A Morris.  Calvary
Community Church is located on an 11-acre campus at 2900 N. Torrey
Pines Drive, just a few blocks off the I-95 freeway.  In September
2004, Pastor Bruce and Donita Morris began their time serving
Calvary.

Calvary Community Assembly of God, Inc., based in Las Vegas, NV,
filed a Chapter 11 petition (Bankr. D. Nev. Case No. 17-13475) on
June 28, 2017. Angela J. Lizada, Esq., at Lizada Law Firm Ltd.,
serves as bankruptcy counsel.

In its petition, the Debtor estimated $11.04 million in assets and
$3.53 million in liabilities. The petition was signed by Bruce A.
Morris, its pastor.


CAREY CRUTCHER: Hires Cooper & Scully as Counsel
------------------------------------------------
Carey Crutcher, Inc., seeks authority from the U.S. Bankruptcy
Court for the Southern District of Texas to employ Cooper & Scully,
PC, as counsel to the Debtor.

Carey Crutcher requires Cooper & Scully to:

   a. prepare and file schedules and a statement of financial
      affairs;

   b. negotiate with creditors and handle routine motions such as
      motions for relief from stay, cash collaterals motions and
      myriad of bankruptcy motions that will be filed in the
      bankruptcy case;

   c. file objections to claims, if necessary;

   d. perform legal work necessary to sell property of the
      estate;

   e. draft, file and prosecute adversary proceedings necessary
      to determine the extent, validity of liens;

   f. draft, file and prosecute avoidance actions if necessary;

   g. draft, file and prosecute adversary proceedings, motions
      and contested pleadings as necessary;

   h. prepare and file a Plan and Disclosure Statement;

   i. conduct discovery that is required for the completion of
      the case or any matter associated with the case;

   j. perform all legal matters that are necessary for the
      completion of the case; and

   k. perform miscellaneous legal duties to complete the
      bankruptcy case.

Cooper & Scully will be paid at these hourly rates:

     Attorneys                $425
     Paralegals               $100

Prior to the filing of the bankruptcy, the Debtor paid Cooper &
Scully $1,717 for the filing fee.

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

Julie M. Koenig, senior attorney of Cooper & Scully, P.C., assured
the Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtor and its estates.

Cooper & Scully can be reached at:

     Julie M. Koenig, Esq.
     COOPER & SCULLY, P.C.
     815 Walker St., Suite 1040
     Houston, TX 77002
     Tel: (713) 236-6800
     Fax: (713) 236-6880

              About Carey Crutcher, Inc.

Carey Crutcher, Inc., filed a Chapter 11 bankruptcy petition (S.D.
Tex. Case No. 17-36696) on December 13, 2017, listing under $50,000
in estimated assets and under $500,000 in estimated liabilities.
The Company is in the Navigational, Measuring, Electromedical, and
Control Instruments Manufacturing industry.  The Debtor hired Julie
M. Koenig, Esq., at Cooper & Scully, P.C.


CASTEX ENERGY: Unsecureds' Recovery Unknown Under Chap. 11 Plan
---------------------------------------------------------------
Castex Energy Partners, L.P., and its affiliates filed with the
U.S. Bankruptcy Court for the Southern District of Texas a
disclosure statement for its joint plan of reorganization dated
November 29, 2017.

Each holder of an Allowed Other Secured Claim shall receive, at the
option of the applicable Debtor(s) (in consultation with the
Prepetition Agent) and in full and complete settlement, release,
and discharge of, and in exchange for, such Claim:

     (i) payment in full in Cash;
     (ii) delivery of collateral securing any such Claim;
     (iii) reinstatement pursuant to section 1124 of the    
           Bankruptcy Code; or
     (iv) other treatment rendering such Claim Unimpaired.

On the effective date or as soon thereafter as practicable, each
Holder of an Allowed Priority Non-Tax Claim shall receive, at the
option of the applicable Debtor(s) (in consultation with the
Prepetition Agent) and in full and complete settlement, release,
and discharge of, and in exchange for, such Claim:

     (i) payment in full in Cash; or
     (ii) other treatment rendering such Claim Unimpaired

On the effective date or as soon thereafter as practicable, each
Holder of an Allowed RBL Secured Claim shall receive, in full and
complete settlement, release, and discharge of, and in exchange
for, such Claim after allocation and reservation for the General
Equity Pool (if applicable) and the Management Incentive Plan, its
Pro Rata share of 100% of the remaining Equity Interests in Castex
2005 or a newly formed holding company acceptable to the
Prepetition Agent and the Required Consenting Lenders (such holding
company, "Reorganized Castex Holdco," and such Equity Interests in
Reorganized Castex 2005 or Reorganized Castex Holdco, as the case
may be, the "New Equity Interests"), subject to dilution by each
DIP Lender's DIP Equity Share; and the certain commitments and/or
loans.

Each Holder of an Allowed General Unsecured Claim shall receive, in
full and complete settlement, release, and discharge of, and in
exchange for, such Claim, its Pro Rata share of the General Equity
Pool, which distribution of New Equity Interests shall be made in
accordance with Article 8.8 of the Plan; provided, however, that if
each Class of General Unsecured Claims accepts the Plan,

     (i) the distribution of New Equity Interests to the DIP
         Lenders and to the Holders of RBL Secured Claims shall
         not be subject to dilution by the General Equity Pool
         and
     (ii) each Prepetition Lender voting to accept the Plan and
         not electing to opt out of the releases set forth in the
         Plan shall waive any recovery or distribution on account
         of (but not voting rights in respect of) its Allowed RBL
         Deficiency Claim for the benefit of Holders of other
         Allowed General Unsecured Claims (collectively, the
         "Beneficiary Claimants") such that each Beneficiary
         Claimant shall not receive any distribution on account
         of its Allowed General Unsecured Claim other than Cash
         in an amount equal to the lesser of (i) the Allowed
         amount of its General Unsecured Claim and (ii) its Pro
         Rata share of the General Unsecured Claims Cash
         Distribution, which distribution of Cash shall be made
         in accordance with Article 8.8 of the Plan.

Allowed Intercompany Claims shall be, at the option of the Debtors
(with the consent of the Prepetition Agent and the Required
Consenting Lenders),

     (i) reinstated and treated in the ordinary course of    
         business; or
     (ii) cancelled and discharged without any distribution on
         account of such Claims.

On the effective date, each Section 510(b) Claim shall be
cancelled, discharged, released, and extinguished, and there shall
be no distribution to Holders of Section 510(b) Claims on account
of such Claims.

Except to the extent necessary to implement the Restructuring
Transactions, on the effective date, all Equity Interests in Castex
2005 shall be cancelled and extinguished, and shall be of no
further force and effect, without further notice, approval, or
action, whether surrendered for cancellation or otherwise, and
there shall be no distribution to Holders of Equity Interests in
Castex 2005 on account of such Equity Interests.

The Debtors will fund plan distributions, as applicable, with:

     (a) Cash on hand;
     (b) Cash generated from the Reorganized Debtors' operations;
     (c) the proceeds of the Exit Credit Agreement; and
     (d) the New Equity Interests.

A full-text copy of Castex Energy's disclosure statement is
available at:

           http://bankrupt.com/misc/txsb17-35835-152.pdf

                        About Castex Energy

Castex Energy Partners, L.P., is engaged in the exploration,
development, production and acquisition of oil and natural gas
properties located along the southern coasts of Louisiana and Texas
and onshore Louisiana.  CEP is a non-operating working interest
owner in approximately 375 onshore oil and gas leases located in
the State of Louisiana.  There are approximately 300 wells on the
Onshore Leases.  CEP also holds a seismic license and proprietary
interests in certain seismic data, through a subsidiary,
CTS-Castex, LLC, and is owner of fee land interests in Lafourche
Parish, Louisiana, through a subsidiary, Castex Lafourche, LP.

Castex Energy Partners, L.P., along with affiliates Castex
Offshore, Inc., Castex Energy 2005, L.P., Castex Energy II, LLC,
Castex Energy IV, LLC sought Chapter 11 protection (Bankr. S.D.
Tex. Lead Case No. 17-35835) in Houston, on Oct. 16, 2017, after
reaching terms with lenders of a restructuring plan that would
convert debt into equity.

CEP estimated assets and debt of $100 million to $500 million.

The Hon. Marvin Isgur is the case judge.

The Debtors tapped Kelly Hart & Pitre, as counsel; Paul Hastings
LLP, as special counse; Alvarez & Marsal North America, LLC, as
restructuring advisor; and Prime Clerk LLC, as noticing and claims
agent.


CD INTERNATIONAL: Files for Chapter 7; Jan. 3 Creditors Mtg. Set
----------------------------------------------------------------
BankruptcyData.com reported that CD International Enterprises filed
for Chapter 7 protection (Bankr. S.D. Fla. Case No. 17-24642).  The
Company, which sources and distributes industrial products in China
and the Americas, is represented by George Castrataro of The Law
Offices of George Castrataro.  The U.S. Trustee assigned to the
case scheduled a January 3, 2018 meeting of creditors under 11
U.S.C. Sec. 341.




CHAPELDALE PROPERTIES: Voluntary Chapter 11 Case Summary
--------------------------------------------------------
Debtor: Chapeldale Properties, LLC
        8600 Snowden River Parkway, Suite 207
        Columbia, MD 21045

Type of Business: Chapeldale Properties LLC was incorporated
                  in Maryland in 1998.  Principal assets are
                  located in Baltimore County.

Chapter 11 Petition Date: December 21, 2017

Case No.: 17-26995

Court: United States Bankruptcy Court
       District of Maryland (Baltimore)

Judge: Hon. David E. Rice

Debtor's Counsel: David W. Cohen, Esq.
                  LAW OFFICE OF DAVID W COHEN
                  1 N. Charles St., Ste. 350
                  Baltimore, MD 21201
                  Tel: (410) 837-6340
                  E-mail: dwcohen79@jhu.edu

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

Estimated Liabilities: $1 million to $10 million

The petition was signed by Ronald Talbert, manager.

The Debtor did not file a list 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/mdb17-26995.pdf

Pending bankruptcy cases filed by affiliates:

    Debtor                           Petition Date      Case No.
    ------                           -------------      --------
    College Park Investments, LLC      9/22/17          17-22678
    Stein Properties, Inc.             9/22/17          17-22680
    TSC/Green Acres Road, LLC         11/28/17          17-25912
    TSC/JMJ Snowden River South, LLC  10/23/17          17-24510
    TSC/Nesters Landing, LLC          11/28/17          17-25913


CHIN FAMILY LIMITED: Hires Sussman Shank as Counsel
---------------------------------------------------
Chin Family Limited Partnership and its debtor-affiliates seek
authority from the U.S. Bankruptcy Court for the District of Oregon
to employ Sussman Shank LLP, as counsel to the Debtors.

Chin Family Limited requires Sussman Shank to:

   a. provide the Debtors with advice on their duties and
      responsibilities as debtors-in-possession;

   b. prepare and file schedules, obtaining DIP financing
      and use of cash collateral;

   c. defend motions for relief from stay, analysis and
      objections to claims, prosecution and defense of
      adversary proceedings;

   d. formulate and approve a joint plan and disclosure
      statement;

   e. negotiate with creditors and other parties in interest;
      and

   f. provide all other matters requiring legal representation
      of the Debtors in their cases.

Sussman Shank will be paid at these hourly rates:

     Thomas W. Stilley                    $395
     Jeffrey C. Misley                    $395
     Susan S. Ford                        $395
     Howard M. Levine                     $395
     Kathy A. Moody                       $210
     Majesta P. Racanelli                 $200
     Janine E. Hume                       $175

The Debtors provided Sussman Shank with a $100,000 retainer,
$25,404.88 of which was applied to attorneys' fees and expenses
incurred prior to filing of the petitions, including the Chapter 11
filing fees for all three Debtors, leaving $74,595.12 as a retainer
to be applied to postpetition fees and expenses.

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

Thomas W. Stilley, partner of Sussman Shank LLP, assured the Court
that the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtors and their estates.

Sussman Shank can be reached at:

     Thomas W. Stilley, Esq.
     Jeffrey C. Misley, Esq.
     SUSSMAN SHANK LLP
     1000 S.W. Broadway, Suite 1400
     Portland, OR 97205-3089
     Tel: (503) 227-1111
     Fax: (503) 248-0130
     E-mail: tstilley@sussmanshank.com
             jmisley@sussmanshank.com

            About Chin Family Limited Partnership

Chin Family Limited Partnership and its debtor-affiliates filed a
Chapter 11 bankruptcy petition (Bankr. D. Or. Case No. 17-63784) on
December 12, 2017.  The Debtors hired Sussman Shank LLP, as
counsel.


CLUB VILLAGE: Exclusive Plan Filing Period Extended Thru Feb. 20
----------------------------------------------------------------
Judge Paul G. Hyman, Jr. of the U.S. Bankruptcy Court for the
Southern District of Florida has extended Club Village, LLC's
exclusive periods in which to file a plan of reorganization and
disclosure statement, and solicit acceptances of its plan 90 days
through February 20 and April 23, 2018, respectively.

The Troubled Company Reporter has previously reported that the
Debtor sought 90-day extension of its exclusive periods, relating
that the Court has entered an Order Granting Motion to Approve
Compromise between the Debtor and its secured lender. Meanwhile,
the Debtor said that 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 needed 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.


COMBIMATRIX CORP: History of Losses Raise Going Concern Doubt
-------------------------------------------------------------
CombiMatrix Corporation filed its quarterly report on Form 10-Q,
disclosing a net loss of $610,000 on $4.01 million of total
revenues for the three months ended September 30, 2017, compared
with a net loss of $856,000 on $3.25 million of total revenues for
the same period in 2016.

For the nine months ended September 30, 2017, the Company recorded
a net loss of $1.50 million on $12.04 million of total revenues,
compared to a net loss of $3.58 million on $9.33 million of total
revenues for the same period last year.

At September 30, 2017, the Company had total assets of $7.74
million, total liabilities of $2.46 million, and $5.27 million in
total stockholders' equity.

The Company has a history of incurring net losses and net operating
cash flow deficits.  It also incur expenses from deploying new
technologies and from continuing to develop new and improving
existing commercial diagnostic testing services and related
technologies.  As a result, these conditions raise substantial
doubt regarding the Company's ability to continue as a going
concern beyond twelve months from the date of this filing.  As of
September 30, 2017, the Company has cash, cash equivalents and
short-term investments of $2.4 million.  Also, the combination of
continued revenue and cash reimbursement growth the Company has
experienced over the past several quarters, coupled with improved
gross margins and cost containment of expenses leads management to
believe that it is probable that its cash resources will be
sufficient to meet its cash requirements for current operations
through and beyond the first quarter of 2018, when the Company
anticipates achieving cash flow break-even status (excluding
merger-related expenses).  If necessary, management also believes
that it is probable that external sources of debt and/or equity
financing could be obtained based on management's history of being
able to raise capital coupled with current favorable market
conditions.

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

                       https://is.gd/aADdNv

                   About CombiMatrix Corporation

CombiMatrix Corporation provides  molecular diagnostic solutions
and comprehensive clinical support to foster the highest quality in
patient care.  CombiMatrix specializes in pre-implantation genetic
diagnostics and screening, prenatal diagnosis, miscarriage analysis
and pediatric developmental disorders, offering DNA-based testing
for the detection of genetic abnormalities beyond what can be
identified through traditional methodologies.  The Company's
testing focuses on advanced technologies, including single
nucleotide polymorphism chromosomal microarray analysis,
next-generation sequencing, fluorescent in situ hybridization and
high resolution karyotyping.


CONCORDIA INTERNATIONAL: S&P Lowers 9.5% Sr. Unsec Notes to 'D'
---------------------------------------------------------------
S&P Global Ratings lowered its issue-level rating on Concordia
International Corp.'s $790 million 9.5% senior unsecured notes due
2022 to 'D' from 'C' and removed the rating from CreditWatch, where
it was placed with negative implications on Sept. 18, 2017.

The downgrade follows the recent announcement that Concordia
deferred its interest payment on the 9.5% senior unsecured notes
due 2022. Given S&P's view of the company's debt level as
unsustainable, and ongoing restructuring discussions, it does not
expect the company to make a payment within the grace period.

S&P said, "Our corporate credit rating on the company remains at
'SD' (selective default) and the senior secured debt is rated
'CCC-' and remains on CreditWatch with negative implications. The
company continues to meet its senior secured interest payments.

"Our recovery rating on the senior secured debt remains '3',
indicating expectations for meaningful (50%-70%; rounded estimate:
55%) recovery in the event of default. The recovery rating on the
senior unsecured notes remains '6', indicating our expectation for
negligible (0%-10%; rounded estimate: 0%) recovery for lenders in
the event of payment default."

RATINGS LIST

  Concordia International Corp.
   Corporate Credit Rating             SD

  Ratings Lowered; Off CreditWatch
                                       To        From
  Concordia International Corp.
   $790 Mil. 9.5%   Senior Unsecured
     Notes Due 2022                    D          C/Watch Neg
     Recovery Rating                   6 (0%)     6 (0%)


CONFIRMATRIX LAB: Selling Patient Accounts Receivable for $280K
---------------------------------------------------------------
Confirmatrix Laboratory, Inc., asks the U.S. Bankruptcy Court for
the Northern District of Georgia to authorize it to execute its
Purchase and Sale Agreement with First Portfolio Ventures I, LLC
and NYX Health Recovery Services, LLC in connection with the
private sale of patient accounts receivable to First Portfolio for
$280,000, subject to possible adjustments not to exceed $50,000,
subject to overbid.

After the filing of the case, the Debtor identified the need to
retain a collection agency to collect its sizable aged accounts
receivable.  The Debtor and NYX entered, with Court's approval,
into the Accounts Receivable Recovery Agreement pursuant to which
the Debtor retained NYX to collect certain known aged accounts
receivable.

NYX began reviewing and correcting, as needed, the subject aged
accounts receivable and submitting them for reimbursement by the
insurance companies.  A number of these aged accounts receivable
were determined by the insurance companies to be patient
responsibility.  Upon receiving the insurance companies'
determinations as to the patient liability, NYX identified the
Purchased
Accounts to the Debtor as an additional source of income for the
estate.  To prepare the Purchased Accounts for marketing, NYX had
to scrub and supplement the records with any missing information to
the extent available. In doing so, NYX incurred substantial expense
in assisting, preparing for, and in conducting the marketing of the
Purchased Accounts, and has agreed to take on continuing
obligations to provide First Portfolio with digital related access
after the closing to allow First Portfolio to meaningfully pursue
collection of the Purchased Accounts.

NYX has agreed to accept a payment from the Debtor of 20% of the
net amounts actually received by the Debtor free and clear of any
claims by First Portfolio under the Agreement for NYX's services
rendered and to be rendered in connection with the sale of the
Purchased Accounts.  The Purchased Accounts currently represent
aged accounts receivable which the insurance companies have
determined are the patients' responsibility and have a collective
face value of approximately $166,000,000.  SunTrust Bank's first
priority lien have been paid in full from the sale of the Debtor's
sale of its real property, no known liens exist against the
Purchased Accounts.

The Debtor, with the crucial assistance of NYX, marketed the
Purchased Accounts for sale for approximately six weeks.  The
Debtor was successfully able to negotiate a purchase price of
$280,000 for the Purchased Accounts, subject to possible
adjustments not to exceed $50,000.  The Agreement provides for a
break-up fee equal to 2% of the Purchase Price plus a minimum
initial overbid of $75,000, although Debtor does not anticipate
that an auction will ensue considering the previous substantial
marketing that has already occurred.

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

   http://bankrupt.com/misc/Confirmatrix_Laboratory_221_Sales.pdf

Contemporaneously with the Motion, the Debtor has sought an
expedited hearing on the Motion as the Purchase Price is based on
the ability of the Debtor to obtain Court approval for the
Agreement as soon as possible but in no event later than Dec. 29,
2017, as First Portfolio contends that the inherent value of the
Purchased Accounts deteriorates with each passing day.  A delay in
obtaining the approval of the subject sale could cause a
significant reduction to the Purchase Price or a possible entire
loss of the sale to the detriment to the Debtor's estate and
creditors.  For the sake of clarification, NYX continues to collect
insurance-based accounts receivable under its agreement with the
Debtor as approved by the Court.

The Debtor asks that the Court enter an order (i) authorizing the
sale of the Purchased Accounts free and clear of liens, claims and
encumbrances, (ii) authorizing it to enter and execute the
Agreement, (iii) approving the payment to NYX of 20% of the net
funds received by Debtor for NYX's services rendered in making the
sale possible, and (iv) waiving the 14-day stay imposed by
Bankruptcy Rule 6004(h).

The Purchaser:

          FIRST PORTFOLIO VENTURES 1, LLC
          Attn: Matthew Maloney
          3091 Governors Lake Parkway
          Suite 500
          Peachtree Corners, GA 30071

Third Party Collection Agent:

          NYX HEALTH RECOVERY SERVICES, LLC
          Attn: Michael Cain, Esq.
          8440 Holcomb Bridge Road
          Suite 560
          Alpharetta, GA 30022

                 About Confirmatrix Laboratory

Confirmatrix Laboratory, Inc., is a laboratory business focused on
toxicology and blood testing.  Its principal place of business is
located at 1770 Cedars Road, Suite 200, Lawrenceville, Gwinnett
County, GA 30045.

Confirmatrix Laboratory filed a Chapter 11 petition (Bankr. N.D.
Ga. Case No. 16-69934) on Nov. 4, 2016.  Ann B. Durham, CEO, signed
the petition.  The Debtor estimated $1 million to $10 million in
both assets and liabilities as of the bankruptcy filing.

William J. Boone, Esq., at James Bates Brannan Groover, LLP, serves
as bankruptcy counsel to the Debtor.  Marvin H. Willis and Smith &
Howard, P.C., are the Debtor's accountant.


CONIFER HOLDINGS: A.M. Best Removes 'B+' FSR From Review Negative
-----------------------------------------------------------------
A.M. Best has removed from under review with negative implications
and affirmed the Financial Strength Rating (FSR) of B++ (Good) and
the Long-Term Issuer Credit Rating (Long-Term ICR) of "bbb" of
Conifer Insurance Company (Conifer); the FSR of B+ (Good) and the
Long-Term ICR of "bbb-" of Conifer's affiliate, White Pine
Insurance Company (White Pine); and the Long-Term ICR of "bb" of
its parent holding company, Conifer Holdings, Inc. (CHI) [NASDAQ:
CNFR].  All are domiciled in Birmingham, MI.  The outlooks assigned
to Conifer's and CHI's Credit Ratings (ratings) are negative. The
outlook assigned to White Pine's ratings is stable.

The ratings reflect the companies' balance sheet strength (which
A.M. Best categorizes as strong for both Conifer and White Pine),
the marginal operating performance of the companies, limited
business profile and appropriate enterprise risk management
framework.

Conifer's negative outlooks reflect the recent history of
unfavorable operating results due primarily to reserve
strengthening and adverse reserve development primarily related to
its commercial auto liability business and the possibility that
underwriting results, excluding development covered under the
adverse development cover (ADC), may be less profitable than
projected and weaker than that of similarly rated peers.

White Pine's stable outlooks reflect its recent and short history
of favorable operating results under current CHI management, offset
by the execution risk of rapid growth and the re-mixing of its book
of business.

Each company's ability to generate profits to help support organic
capital growth is a very important issue that A.M. Best will
monitor over the near term. The ratings of CHI reflect standard
notching from its lead insurance subsidiary, Conifer, and the
outlook reflects the linkage of CHI's rating to that of Conifer.
CHI completed its initial public offering in August 2015 and is
traded on the NASDAQ Global Market. CHI's leverage and coverage
ratios are supportive of the ratings. Its status as a publicly
traded company offers potential financial flexibility for the
enterprise with access to public debt and equity markets.

These rating actions follow successful execution of strategic
initiatives and corrective actions undertaken by the company since
Sept. 1, 2017. The remedial actions include: execution of a
significant ADC; private issuance of $30 million subordinated debt;
and a private equity issuance of $5 million among management and
board members. These actions alleviate for the near to medium term
many of A.M. Best's concerns and place CHI and its subsidiaries on
more solid financial footing.

These actions appear to bolster capital and reserves of the
operating companies as they counter the continued adverse loss
reserve development reported by Conifer through 2017, as well as
the prevailing challenges associated with this continued adverse
development and the earnings and capital strain placed on CHI and
its subsidiaries as a result.

Management is focused on exiting White Pine's Florida homeowner
line of business over the next 12 to 18 months, while also
rehabilitating its commercial auto liability books at each of the
subsidiaries. Concurrently, it is refocusing its growth toward its
niche commercial specialty lines, including liability for
restaurant/bars/taverns, quick service restaurants and security
guards. A.M. Best expects underwriting results to improve in the
medium term as the companies gain economies of scale in their
specialty lines and grow into CHI's infrastructure.


CONTEXTMEDIA HEALTH: Moody's Withdraws Caa1 Corp. Family Rating
---------------------------------------------------------------
Moody's Investors Service has withdrawn ContextMedia Health, LLC's
Caa1 Corporate Family Rating (CFR), Caa2-PD Probability of Default
Rating (PDR), and Caa1 ratings on the senior secured revolver and
first lien term loan. The ratings have been withdrawn pursuant to
Moody's guidelines for the withdrawal of ratings, as insufficient
information is available to continue to effectively monitor the
issuer's creditworthiness.

Issuer: ContextMedia Health, LLC

Corporate Family Rating, Withdrawn, previously Caa1

Probability of Default Rating, Withdrawn, previously Caa2-PD

$50 million 5 year revolving credit facility, Withdrawn,
previously Caa1 (LGD3)

$325 million 5 year term loan, Withdrawn, previously Caa1 (LGD3)

Outlook: changed to Rating Withdrawn from Negative

RATINGS RATIONALE

Moody's has decided to withdraw the ratings because it believes it
has insufficient or otherwise inadequate information to support the
maintenance of the ratings.

ContextMedia Health, LLC is based in Chicago, IL and is an
information delivery and decision support digital media company
providing doctors' offices media content through TVs, tablets, and
interactive wallboards to educate patients while waiting in
healthcare facilities.


COPPER CHIMNEY: Hires Mark S. Roher as Counsel
----------------------------------------------
Copper Chimney, Inc., d/b/a Copper Chimney Indian Cuisine, seeks
authority from the U.S. Bankruptcy Court for the Southern District
of Florida to employ Mark S. Roher, P.A., as counsel to the
Debtor.

Copper Chimney requires Mark S. Roher to:

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

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

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

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

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

Mark S. Roher will be paid at the hourly rate of $400.  Mark S.
Roher will be paid a $15,000 retainer.  The firm will also be
reimbursed for reasonable out-of-pocket expenses incurred.

Mark S. Roher, president and sole shareholder of Mark S. Roher,
P.A., assured the Court that the firm is a "disinterested person"
as the term is defined in Section 101(14) of the Bankruptcy Code
and does not represent any interest adverse to the Debtor and its
estates.

Mark S. Roher can be reached at:

     Mark S. Roher, Esq.
     MARK S. ROHER, P.A.
     101 N.E. Third Ave., Suite 1518
     Fort Lauderdale, FL 33301
     Tel: (954) 353-2200
     Fax: (877) 654-0090
     E-mail: mroher@markroherlaw.com

              About Copper Chimney, Inc.

Copper Chimney, Inc., d/b/a Copper Chimney Indian Cuisine, filed a
Chapter 11 bankruptcy petition (Bankr. S.D. Fla. Case No. 17-24755)
on December 12, 2017. The Debtor hired Mark S. Roher, P.A., as
counsel.


CRESTOR GLOBAL: Taps Marilyn D. Garner as Legal Counsel
-------------------------------------------------------
Crestor Global Investments Delaware, LLC seeks approval from the
U.S. Bankruptcy Court for the Northern District of Texas to hire
the Law Offices of Marilyn D. Garner as its legal counsel.

The firm will advise the Debtor regarding its duties under the
Bankruptcy Code; assist in obtaining financing; investigate
fraudulent transfers of its property; assist in the preparation of
a plan of reorganization; and provide other legal services related
to its Chapter 11 case.

Marilyn Garner, Esq., will charge $400 per hour.  The hourly fee
for the firm's legal assistant is $140.

Ms. Garner disclosed in a court filing that her firm is a
"disinterested person" as defined in section 101(14) of the
Bankruptcy Code.

The firm can be reached through:

     Marilyn D. Garner, Esq.
     Law Offices of Marilyn D. Garner
     2007 E. Lamar Blvd., Suite 200
     Arlington, TX 76006
     Phone: (817) 505-1499
     Fax: (817) 549-7200
     Email: mgarner@marilyndgarner.net

            About Crestor Global Investments Delaware

Crestor Global Investments Delaware, LLC owns and manages numerous
residential rental properties located in Tarrant and Dallas
Counties of Texas.

Crestor Global sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. N.D. Tex Case No. 17-44928) on December 4, 2017.
Athuman Omar, its manager, signed the petition.

At the time of the filing, the Debtor disclosed that it had
estimated assets and liabilities of less than $50,000.

Judge Russell F. Nelms presides over the case.


CRISPY DELIGHT: Continuing Business Income to Fund Plan
-------------------------------------------------------
Crispy Delight Corp. has filed with an amended disclosure statement
and and amended plan with the U.S. Bankruptcy Court for the Eastern
District of New York.

Under the plan, Nissan Infiniti LT will be paid in the amount of
$11,238,245.90 for the leased vehicle Nissan, 2016 and $15,968.00
for the leased vehicle Infinity QX6, 2016.  The claims will
continue to be paid in accordance with the original lease terms.

The plan also offers Toyota Lease Trust in the amount of $16,826.95
for the leased vehicle Lexus, 2017.  The claim will continue to be
paid in accordance with the original lease terms.

General unsecured creditors in Class III will be paid a pro rated
payment of 18% of the total amount of unsecured debt over a period
of 36 months.

General unsecured creditors in Class IV will be paid a pro rated
payment of 10% of the total amount of unsecured debt over a period
of 60 months.

The plan will be financed from continuing business income.

Full-text copies of Crispy Delight's amended disclosure statement
and amended plan are available at:

     http://bankrupt.com/misc/nyeb17-40061-56.pdf
     http://bankrupt.com/misc/nyeb17-40061-55.pdf

          About Crispy Delight Corp.

Crispy Delight Corp. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D.N.Y. Case No. 17-40061) on January 6,
2017.  The petition was signed by Olga Normatova, president.  

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

The Debtor retains Alla Kachan, Esq. of the Law Offices of Alla
Kachan P.C. as counsel.

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


CROWN HOLDINGS: Moody's Puts Ba2 CFR Under Review for Downgrade
---------------------------------------------------------------
Moody's Investors Service placed the Ba2 corporate family rating,
Ba2-PD probability of default rating, and all instrument ratings of
Crown Holdings, Inc. under review for downgrade. The review follows
Crown's December 19, 2017 announcement that it had entered into an
agreement to buy Signode Industrial Group Holdings (Bermuda) Ltd.
from The Carlyle Group in a cash transaction valued at $3.91
billion. The transaction is subject to customary closing conditions
and is expected to close during the first quarter of 2018.

Signode Industrial Group is a global manufacturer of industrial
packaging products and solutions. The company operates in three
segments which include Industrial Solutions, Protective Solutions
and Equipment and Tools (60%, 23% and 17% of revenue respectively).
The primary raw materials used are plastic resins (PET / PP),
steel, recycled products, and paper/paperboard. The company
generated revenues of approximately $2.2 billion for the 12 months
ended September 30, 2017. Debt financing has been fully committed
in support of the transaction.

Moody's placed the following ratings under review for downgrade:

Issuer: Crown Americas LLC

-- Senior Secured Bank Credit Facilities, Placed on Review for
    Downgrade, currently Baa2(LGD1)

-- Senior Unsecured Regular Bond/Debenture, Placed on Review for
    Downgrade, currently Ba3(LGD5)

Issuer: Crown Cork & Seal Company, Inc.

-- Senior Unsecured Regular Bond/Debenture, Placed on Review for
    Downgrade, currently B1(LGD6)

Issuer: Crown European Holdings S.A.

-- Senior Secured Bank Credit Facilities, Placed on Review for
    Downgrade, currently Baa2(LGD1)

-- Senior Unsecured Regular Bond/Debenture, Placed on Review for
    Downgrade, currently Ba2(LGD3)

Issuer: Crown Holdings, Inc.

-- Probability of Default Rating, Placed on Review for Downgrade,

    currently Ba2-PD

-- Corporate Family Rating, Placed on Review for Downgrade,
    currently Ba2

The SGL-2 Speculative Grade Liquidity Rating is unchanged

Issuer: Crown Metal Packaging Canada LP

-- Senior Secured Bank Credit Facility, Placed on Review for
    Downgrade, currently Baa2(LGD1)

Outlook Actions:

Issuer: Crown Americas LLC

-- Outlook, Changed To Rating Under Review From Stable

Issuer: Crown Cork & Seal Company, Inc.

-- Outlook, Changed To Rating Under Review From Stable

Issuer: Crown European Holdings S.A.

-- Outlook, Changed To Rating Under Review From Stable

Issuer: Crown Holdings, Inc.

-- Outlook, Changed To Rating Under Review From Stable

Issuer: Crown Metal Packaging Canada LP

-- Outlook, Changed To Rating Under Review From Stable

RATINGS RATIONALE

The review for downgrade reflects the deterioration in pro forma
credit metrics, change in risk profile and the integration risk
inherent in the transaction. Pro forma LTM leverage of over 5.5
times exceeds the stated 4.5 times rating trigger (excluding
synergies). The acquisition will increase Crown's revenue by 27%
and add significant exposure to the more fragmented plastic
packaging segment and more cyclical end markets.

Moody's review will focus on pro forma credit metrics at close,
projected synergies and plan to deleverage. The review will also
focus on the integration plan, cost to integrate and management's
strategy for managing the new segment. The corporate family rating
downgrade, if any, is expected to be no more than one notch.

It is unlikely the ratings are upgraded, but the ratings could be
upgraded if Crown achieves a sustainable improvement in credit
metrics within the context of a stable operating and competitive
environment and maintains good liquidity including sufficient
cushion under existing covenants. Specifically, the ratings could
be upgraded if adjusted debt-to-EBITDA declines to below 4 times,
EBITDA interest coverage improves to over 5.5 times, and funds from
operations to total debt improves to over 17%.

The ratings could be downgraded if Crown fails to improve credit
metrics over the intermediate term, there is a deterioration in the
cushion under existing financial covenants, and/or a deterioration
in the competitive or operating environment. Additionally, a
significant acquisition or change in the asbestos liability could
also trigger a downgrade. Specifically, the rating could be
downgraded if adjusted debt-to-EBITDA remained above 4.5 times,
EBITDA interest coverage remained below 4.5 times and/or funds from
operations to debt remained below 14%.

The principal methodology used in these ratings was Packaging
Manufacturers: Metal, Glass, and Plastic Containers published in
September 2015.


CROWN HOLDINGS: S&P Affirms 'BB' CCR & Alters Outlook to Positive
-----------------------------------------------------------------
S&P Global Ratings affirmed its 'BB' corporate credit rating on
Crown Holdings Inc. and revised the outlook on the rating to
positive from stable.

All issue-level and recovery ratings are unchanged.

The outlook revision follows Crown's announcement that it has
reached an agreement to acquire Signode Industrial Group Holdings
(Bermuda) Ltd. in a transaction valued at $3.91 billion. S&P said,
"It reflects our view that the acquisition is credit enhancing.
Assuming the transaction closes as presented, along with our belief
that the company remains committed to generally maintaining S&P
Global Ratings-adjusted leverage below 5x, we believe there is at
least a 1–in-3 chance we would raise our ratings over the next 12
months.

"The positive outlook indicates there is at least a 1-in-3
likelihood that we would raise the ratings over the next 12 months,
if the proposed transaction with Signode closes as expected and the
company executes on its deleveraging plan such that we believe
sustains S&P Global Ratings-adjusted debt to EBITDA of about 5x or
less.

"We could revise the rating outlook to stable if integration
challenges, modest deterioration in operating performance, or more
aggressive financial policies hinder or delay the company's
deleveraging path and we believe leverage will be sustained above
5x.

"We could raise our ratings if Crown executes on its deleveraging
plan over the next 12 months, and we believe that the company can
sustain an S&P Global Ratings-adjusted debt to EBITDA of about 5x
or less."


CS360 TOWERS: Trustee Selling Sacramento Commercial Unit for $440K
------------------------------------------------------------------
Bradley Sharp, the appointed Chapter 11 Trustee of CS360 Towers,
LLC, asks the U.S. Bankruptcy Court for the Eastern District of
California to authorize the sale of the real property colloquially
known as Condominium Unit 609 in the building located at 500 N
Street, Sacramento, California to Tom Fante and Anita Fante for
$440,000, subject to overbid.

A hearing on the Motion is set for Jan. 17, 2018 at 10:00 a.m.

The estate owns and operates real estate assets consisting of
residential condominium units, as well as commercial office space,
located in the building at 500 N Street.  The estate owns and/or
manages 34 condo units and nine commercial units at 500 N Street.
The Units are encumbered by various levels of secured debt.  The
Units were initially purchased in 2011, through a transaction by
which the Debtor and its principals purchased a defaulted note from
Wells Fargo, and subsequently foreclosed on that note, thereby
obtaining ownership at that tune of 72 units.  

Since that time, the Debtor has used the assets to generate revenue
by (i) renting the units, and managing them as rentals, (ii)
engaging in sales of units over the years, and (iii) using the
units as collateral to borrow substantial funds.

By previous motion, the Trustee sought, and obtained, authority to
sell the Units in the ordinary course of business, and the order on
that motion set forth bidding and sale procedures for such ordinary
course sales.  The Bid Procedures Order provides that, in the event
the Trustee wants to sell any of the Units free and clear of liens,
then such a proposed sale must be approved by noticed motion.
Thus, the Motion is filed, asking an order of the Court authorizing
the Trustee to sell Unit 609 free and clear of liens, as further
set forth.

The Trustee proposes to sell Unit 609 to the Purchasers, or higher
bidder, for $440,000, free and clear of all liens, claims, and
encumbrances.  The Property has been exposed to the market (the
Trustee having previously obtained court authority to hire brokers
to list the Units), resulting in the instant proposed sale.  The
Trustee believes the purchase price is for fair value.  Because the
sale is subject to overbid, and will be continued to be marketed,
the Court and parties in interest can be assured that the ultimate
sales prices will be fair and reasonable.

The Trustee asks authority to sell the Property free and clear of
the liens identified as title exception number 14 which is a deed
of trust in favor of Manmohan S. Passi and Sanjeet Passi
Co-Trustees of the Passi Family Trust dated Dec. 11, 1995.  The
title report provides that the Passi lien secures repayment of an
obligation of $350,000.  However, given costs of sale and a
requested carve-out for the bankruptcy estate, given accrued
interest, there isinsufficient sale proceeds at the current sale
amount to pay the Passi lien in full with interest.  

However, the Trustee continues to market the unit, and is seeking
overbids, so it is possible that by the time of the hearing on the
Motion, there will be sufficient proceeds.  If there is not, the
Trustee will ask Passi consent to the sale pursuant to 11 U.S.C.
Section 363(f}(2).  The Trustee is not disputing the Passi lien,
but requires a free and clear sale order based on the current sale
price.

In connection and compliance with the Bid Procedures Order, the
Trustee will notice and serve the requisite Notice of Sale and
Opportunity to Overbid as contemplated by that Order.  Should a
Qualified Overbid be received in response to the Notice of Sale and
Opportunity to Overbid, the Trustee will notify that Court and
parties in interest that there will be an auction of the Property
to the highest bidder at the hearing on the Motion.

The Trustee asks authority and approval to close the Sale through
escrow, and to pay the costs, fees, and charges set forth in the
Closing Statement (or in such incremental additional amounts as may
occur should there be a sale to an overbidder at a higher sales
price, which would incrementally increase some of those costs)
without further Court approval, including the broker's commissions,
which reflect percentage broker's commissions fees previously
approved by the Court in connection with the applications) to
employ the brokers.

The Trustee further asks the Court to waive the 14-day stay under
Fed. R. Bank. P. 6004(h) so that the proposed sale can close as
soon as possible.

                       About CS360 Towers

CS360 Towers, LLC, filed a Chapter 11 petition (Bankr. E.D. Cal.
Case No. 17-20731) on Feb. 3, 2017.  Mark D. Chisick, manager,
signed the petition.  The Debtor tapped Stephan M. Brown, Esq. at
the Bankruptcy Group, P.C., as counsel.  At the time of filing, the
Debtor disclosed total assets of $18.46 million and total
liabilities of $5.72 million.

The case is assigned to Judge Robert S. Bardwil.  

Bradley Sharp was appointed as Chapter 11 Trustee for the estate of
CS360 Towers, LLC pursuant to order of the court dated March 15,
2017.  The assets of the estate include condominium units (both
residential and commercial) in the building located at 500 N
Street, Sacramento, California, and various claims and causes of
action.

Attorneys for Chapter 11 Trustee Bradley Sharp:

         Jamie P. Dreher, Esq.
         DOWNEY BRAND LLP
         621 Capitol Mall, 18th Floor
         Sacramento, CA 95814-4731
         Telephone: (916) 444-1000
         Facsimile: (91b) 444-2100
         E-mail: jdreher@downeybrand.com


CS360 TOWERS: Trustee Selling Sacramento Commercial Units for $950K
-------------------------------------------------------------------
Bradley Sharp, the appointed Chapter 11 Trustee of CS360 Towers,
LLC, asks the U.S. Bankruptcy Court for the Eastern District of
California to authorize the sale of the real property colloquially
known as Commercial Units 23, 24, 25, 26, 27, 28, 29, 30 and 31 in
the building located at 500 N Street, Sacramento, California to
Deryl Gamron for $950,000, subject to overbid.

A hearing on the Motion is set for Jan. 17, 2018 at 10:00 a.m.

The estate owns and operates real estate assets consisting of
residential condominium units, as well as commercial office space,
located in the building at 500 N Street.  The Units are encumbered
by various levels of secured debt.  The Units were initially
purchased in 2011, through a transaction by which the Debtor and
its principals purchased a defaulted note from Wells Fargo, and
subsequently foreclosed on that note, thereby obtaining ownership
at that tune of 72 units.  

Since that time, the Debtor has used the assets to generate revenue
by (i) renting the units, and managing them as rentals, (ii)
engaging in sales of units over the years, and (iii) using the
units as collateral to borrow substantial funds.

By previous motion, the Trustee sought, and obtained, authority to
sell the Units in the ordinary course of business, and the order on
that motion set forth bidding and sale procedures for such ordinary
course sales.  The Bid Procedures Order provides that, in the event
the Trustee wants to sell any of the Units free and clear of liens,
then such a proposed sale must be approved by noticed motion.
Thus, the Motion is filed, asking an order of the Court authorizing
the Trustee to sell Unit 609 free and clear of liens, as further
set forth.

The Trustee proposes to sell the Commercial Units in bulk on the
ground floor of the building located at 500 N Street, free and
clear of liens, claims, interests and encumbrances, to the Buyer
for $950,000, or higher bidder.  The Property has been exposed to
the market (the Trustee having previously obtained court authority
to hire brokers to list the Units), resulting in the instant
proposed sale.  The Trustee believes the purchase price is for fair
value.  Because the sale is subject to overbid, and will be
continued to be marketed, the Court and parties in interest can be
assured that the ultimate sales prices will be fair and
reasonable.

The Trustee has a number of business justifications for proposing
to sell the Property.  First and foremost, as previously set forth
in the moving papers giving rise to the Sale Order, the sale of
Units is the Debtor's business.  Second, the proposed sale reduces
the administrative burden to the estate of managing the Property,
and allows the estate to realize funds for the payment of
creditors.

The Trustee asks authority to sell the Property free and clear of
the liens identified as title exception numbers 21, 22, 23, 24, 25,
26, 27, and 29, which are deeds of trust in favor of (1) Ronald
Elvidge, (2) Karina Vaysman, (3) Michael Gilles, (4) Ratib Norzei
and Shomisa Naizi Norzei, and (5) Manrnohan S. Passi & Sanjeet
Passi Co-Trustees of the Passi Family Trust dated Dec. 11, 1995,
but with the liens or interests of the Lienholders to attach to the
sale proceeds.

The face amount of these deeds of trust are as follows: Elvidge
($2,060,000); Vaysman (amount not listed); Gilles ($325,000);
Norzei ($250,000); Passi ($300,000).   With respect to the Vaysman
and Gilles liens of record, the Trustee has filed adversary
proceedings alleging that they were recorded without consideration
being provided, and are therefore avoidable and/or not proper
liens.  Thus, the Vaysman and Gilles liens are the subject of a
bona fide dispute.

The Norzei and Passi liens appear to be supported by consideration,
but the respective unit that they encumber are worth well less than
the amount of the debt asserted.  Thus, the Trustee will ask to
obtain Norzei and Passi's consent.  Additionally, each commercial
unit is subject to overbid, so if additional bidders or buyers
surface, then it is possible that the eventual sale price will be
greater than the amount of these creditors respective liens.  The
Trustee will also engage these creditor's representatives to obtain
consent in exchange for credit bidding rights if the creditor so
wishes, with some potential expense reimbursement carve-out or
contribution to the estate.

The dispute between the estate and Elvidge is relative to the
treatment and ownership of condominium units not subject to the
Motion.  The Elvidge liens that are the subject of the Motion do
appear to be supported by consideration, but as with the Norzei and
Passi liens, are not worth their face amount given the property
values.  However, over the course of years, Elvidge received
millions of dollars of payments on account of his debt
contributions to  the Debtor, the application of which is subject
to dispute. With respect to the deed of trust that encumbers units
107 and 108, Elvidge asserts that he has not received any payment
on account of that lien.  However, Elvidge does acknowledge the
receipt of almost $2 million in debt repayments from the Debtor,
though the application of those units is not properly documented.
As such, the Trustee asks the Court to approve the sale of the
Commercial Units free and clear of the Elvidge liens.

Parties should note that the proposed Purchaser has agreed to lease
Unit 28 to the estate following the close of the sale, for the
estate's use as an on-site office, at no cost to the estate.

In connection and compliance with the Bid Procedures Order, the
Trustee will notice and serve the requisite Notice of Sale and
Opportunity to Overbid as contemplated by that Order.  Should a
Qualified Overbid be received in response to the Notice of Sale and
Opportunity to Overbid, the Trustee will notify that Court and
parties in interest that there will be an auction of the Property
or one of the component units to the highest bidder at the hearing
on the Motion.

The Trustee asks authority and approval to close the Sale through
escrow, and to pay the costs, fees, and charges set forth in the
Closing Statement (or in such incremental additional amounts as may
occur should there be a sale to an overbidder at a higher sales
price, which would incrementally increase some of those costs)
without further Court approval, including the broker's commissions,
which reflect percentage broker's commissions fees previously
approved by the Court in connection with the applications) to
employ the brokers.

The Trustee further asks the Court to waive the 14-day stay under
Fed. R. Bank. P. 6004(h) so that the proposed sale can close as
soon as possible.

                       About CS360 Towers

CS360 Towers, LLC, filed a Chapter 11 petition (Bankr. E.D. Cal.
Case No. 17-20731) on Feb. 3, 2017.  Mark D. Chisick, manager,
signed the petition.  The Debtor tapped Stephan M. Brown, Esq. at
the Bankruptcy Group, P.C., as counsel.  At the time of filing, the
Debtor disclosed total assets of $18.46 million and total
liabilities of $5.72 million.

The case is assigned to Judge Robert S. Bardwil.  

Bradley Sharp was appointed as Chapter 11 Trustee for the estate of
CS360 Towers, LLC pursuant to order of the court dated March 15,
2017.  The assets of the estate include condominium units (both
residential and commercial) in the building located at 500 N
Street, Sacramento, California, and various claims and causes of
action.

Attorneys for Chapter 11 Trustee Bradley Sharp:

             Jamie P. Dreher, Esq.
             DOWNEY BRAND LLP
             621 Capitol Mall, 18th Floor
             Sacramento, CA 95814-4731
             Telephone: (916) 444-1000
             Facsimile: (91b) 444-2100
             E-mail: jdreher@downeybrand.com


CULLMAN REGIONAL: Moody's Hikes $59MM Rev. Bonds Rating From Ba1
----------------------------------------------------------------
Moody's Investors Service has upgraded Cullman Regional Medical
Center, AL (CRMC) revenue bonds issued through the Health Care
Authority of Cullman County to Baa3 from Ba1. The upgrade to Baa3
affects approximately $59 million of debt. The outlook remains
stable at the higher rating level.

RATINGS RATIONALE

The upgrade to Baa3 reflects Moody's expectation that CRMC will
continue to generate strong margins and add unrestricted cash to
the balance sheet, continuing a multi-year improvement in leverage
and liquidity metrics. Additionally, the upgrade to Baa3 reflects
the system's favorable market position and strong management team.
Offsetting these strengths are the system's large debt burden, size
and scope of operations, and limited opportunities for material
growth.

RATING OUTLOOK

The stable outlook at the higher rating level incorporates Moody's
view that Cullman will continue to improve debt metrics driven by
regular debt service payments and no plans for additional
borrowing. Additionally, Moody's expect the system will be able to
continue to build its balance sheet and maintain strong operating
performance in order to support the unfavorable leverage.

FACTORS THAT COULD LEAD TO AN UPGRADE

Material enterprise growth and geographic diversification

Significant reduction in leverage and growth of liquidity

FACTORS THAT COULD LEAD TO A DOWNGRADE

Increase in debt

Inability to maintain operating cash flow to support high debt
burden

Deterioration of liquidity

Erosion in market share resulting in constrained utilization
metrics

LEGAL SECURITY

The bonds are secured by a revenue pledge (as defined in the bond
documents) of the Obligated Group, which consists of Cullman
Regional Medical Center (an Alabama nonprofit corporation and a
501(c)(3) organization) and the Health Care Authority of Cullman
County, and a mortgage on the land and buildings.

USE OF PROCEEDS

Not Applicable

PROFILE

Cullman Regional Medical Center is a small, 145 bed and $115
million in revenue hospital located in the county and city of
Cullman. CRMC is a blended component unit of the Authority which is
component unit of Cullman County, Alabama. CRMC is a level III
trauma center and operates a cardiac center.

METHODOLOGY

The principal methodology used in this rating was Not-For-Profit
Healthcare published in November 2017.  


D&M INVESTMENTS: U.S. Trustee Unable to Appoint Committee
---------------------------------------------------------
The U.S. Trustee was unable to appoint an official committee of
unsecured creditors in the Chapter 11 case of D&M Investments,
Inc., according to the statement filed with the U.S. Bankruptcy
Court for the Northern District of West Virginia.

              About MNM Holdings and D&M Investments

Based in Morgantown, West Virginia, MNM Holdings LLC, is a small
business debtor as defined in 11 U.S.C. Section 101(51D).  The
company is in the real estate leasing business.  D&M Investments,
Inc., operates public hotels and motels.

MNM Holdings LLC (Bankr. N.D. W.Va., Case No. 17-01104) and D&M
Investments, Inc. (Bankr. N.D. W. Va., Case No. 17-01105) filed a
Chapter 11 Petition on November 3, 2017.  The case is assigned to
Hon. Patrick M. Flatley.

The Debtors are represented by Salene Rae Mazur Kraemer, Esq.,
Mazurkraemer Business Law, in Canonsburg, Pennsylvania.

At the time of filing, MNM Holdings LLC, disclosed $1 million-$10
million in both assets and liabilities.  D&M Investments also
disclosed $1 million-$10 million in both assets and liabilities.

The petitions were signed by Alan B. Mollohan, its managing member.


DATA COOLING: Selling Membership Interests in Arborwear for $90K
----------------------------------------------------------------
Data Cooling Technologies, LLC, asks the U.S. Bankruptcy Court for
the Northern District of Ohio to authorize the sale of its 4.05%
membership interest in a privately-owned limited liability company,
Arborwear, LLC to A. Malachi Mixon, III and William M. Weber for
$90,000.

On Nov. 30, 2017, the Court entered the KCNA Sale Order, which
approved the sale of substantially all of DCT's Data Cooling Assets
to KyotoCooling North America, LLC ("KCNA").  On Dec. 1, 2017, the
Court entered the Thermotech Sale Order, which approved the sale of
substantially all of DCT's Thermotech Assets to J&J Mission
Critical, LLC.  Effective Nov. 30, 2017, the sales to both J&J and
KCNA closed.  The Debtors are now in the process of administering
their remaining assets through the chapter 11 cases.

In 2006, DCT made a $90,000 unsecured loan to Arborwear evidenced
by the terms of a convertible promissory note.  The note
arrangement was similar to investment provided by the other
investors in Arborwear at the time.  Arborwear is a privately-owned
Chagrin Falls, Ohio-based company that manufactures and sells
heavy-duty canvas work pants, shirts, outerwear, and utility boots.
DCT received periodic interest payments on its loan from Arborwear
through June 30, 2016.

In August 2016, Arborwear converted each of its 2006 convertible
promissory notes into equity, including DCT's $90,000 promissory
note.  As a result of this conversion, DCT's loan became 4.05%
common stock in Arborwear ("Membership Interest").  DCT now desires
to sell the Membership Interest so that the investment may be
liquidated for the benefit of its bankruptcy estate.

In late fall 2017, the Buyers approached DCT's board with an offer
to buy the Membership Interest for an aggregate price of $90,000
(to be split evenly between the Buyers, with a $45,000 purchase
price and 2.025% eventual ownership interest each, as reflected in
the Agreements).  The Buyers are each equity holders of DCT,
members of DCT's board of directors, and insiders of DCT.  They're
also already current investors and members in Arborwear.  Mr.
Weber's son is the manager of Arbowear.

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

    http://bankrupt.com/misc/Data_Cooling_227_Sales.pdf

DCT is aware that the proposed transaction is an insider
transaction but believes that it maximizes value for the estate.
After receiving the offer from the Buyers, Richard Szekelyi, the
current Chief Restructuring Officer of DCT, conducted an
independent analysis of Arborwear's financial statements, the
potential value of the Membership Interest, and the offer from the
Buyers.  Mr. Szekelyi concluded that the offer was a fair price.
The disinterested members of DCT's board of directors, with the
Buyers recused, held a board meeting to evaluate the offer.  The
Board reviewed the offer and noted that it should be subject to
market evaluation to the extent possible.

DCT asks authority to convey the Membership Interest free and clear
of all Interests.

Arborware is a private company that is closely held, and certain
contractual restrictions do not permit the Membership Interest to
be offered for sale on the open market.  Only current members of
Arborwear may purchase other members' investments.  Indeed, the
Arborwear Operating Agreement requires that any member of Arborwear
selling its membership interest must notify the other members of
Arborwear, and any such other members of Arborwear (or Arborwear
itself) may offer to purchase the marketed membership interest for
the same or a higher price than the original offer.  Therefore,
after DCT received the offer from the Buyers to purchase the
Membership Interest, DCT (through Arborwear's manager) notified
Arborwear and its other members of the potential sale of its
Membership Interest (and proposed price) in accordance with the
Operating Agreement via a letter dated Oct. 26, 2017.

As of the date of the filing of the Motion, DCT had not received
any other offers from any other members of Arborwear (or Arborwear
itself) to purchase the Membership Interest at the same or a higher
price.  Finally, as required by the Operating Agreement, DCT has
asked the consent of the manager of Arborwear for the sale of the
Membership Interest.  The Manger provided his consent to the
sale.

DCT submits that the proposed sale of the Membership Interest to
the Buyers represents the highest and best offer for the Membership
Interest, as the offer from them is currently the only viable offer
to purchase the Membership Interest under the current
circumstances.  The proposed sale of the Membership Interest will
allow DCT to efficiently and effectively liquidate one of the
remaining valuable assets of the estate for the benefit of its
creditors.  Therefore, DCT asks the Court to approve the relief
sought.

The Debtor asks the Court to waive the 14-day stay set forth in
Bankruptcy Rule 6004(h).

                      About Data Cooling

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

Based in Streetsboro, Ohio, Data Cooling Technologies LLC and Data
Cooling Technologies Canada LLC filed Chapter 11 petitions (Bankr.
N.D. Ohio Lead Case No. 17-52170) on Sept. 8, 2017.  The petitions
were signed by Gregory Gyllstrom, chief executive.

At the time of filing, Data Cooling estimated assets and
liabilities at $10 million to $50 million.  Data Canada estimated
assets of less than $50,000 and liabilities of less than $500,000.

The Hon. Alan M. Koschik presides over the case.  

The Debtors tapped McDonald Hopkins LLC, as counsel, and Western
Reserve Partners LLC, as investment banker.

The official committee of unsecured creditors formed in the case
retained Dahl Law LLC as its legal counsel.


DOOMAWENDSCHUH LLC: Taps McDonald & Rovens Lamb as Counsel
----------------------------------------------------------
Doomawendschuh, LLC seeks approval from the U.S. Bankruptcy Court
for the Southern District of Florida to hire James E. McDonald,
P.A. and Rovens Lamb, LLP as special litigation counsel.

Both firms will represent the Debtor in an adversary case it filed
against a certain Daniel Clemens (Case No. 17-01390-LMI).  They
will be paid a contingency fee, which is 40% of the amount
recovered by the Debtor.

McDonald and Rovens Lamb do not represent any interest adverse to
the Debtor or its estate, according to court filings.

The firms can be reached through:

     James E. McDonald, Esq.
     James E. McDonald, P.A.
     The Barrister Building
     8821 S.W. 69th Court
     Miami, FL 33156
     Phone: (305) 662-6160/(305) 670-2020
     Fax: (305) 662-6164
     Email: inquiry@mmlawmiami.com

          - and –

     Douglas J. Rovens, Esq.
     Rovens Lamb, LLP
     1500 Rosecrans Avenue, Suite 418
     Manhattan Beach, CA
     Phone: (310) 536-7830
     Fax: (310) 872-5026
     Email: drovens@rovenslamb.com

                     About Doomawendschuh LLC

Headquartered in Miami, Florida, Doomawendschuh, LLC, filed for
Chapter 11 bankruptcy protection (Bankr. S.D. Fla. Case No.
17-18495) on July 6, 2017, estimating its assets and liabilities at
between $100,001 and $500,000 each.  Aleida Martinez Molina, Esq.,
at Weiss Serota Helfman Cole & Bierman, P.L., serves as the
Debtor's bankruptcy counsel.


DPL INC: S&P Raises ICR to 'BB', On CreditWatch Negative
--------------------------------------------------------
S&P Global Ratings raised the issuer credit ratings on DPL Inc.
(DPL) and subsidiary Dayton Power & Light Co (DP&L) to 'BB' from
'BB-' and placed the ratings on CreditWatch with positive
implications.

S&P said, "We also raised our rating on DPL's senior unsecured debt
to 'BB' from 'BB-' and our rating on DP&L's senior secured debt to
'BBB' from 'BBB-'. At the same time, we placed these ratings on
CreditWatch with positive implications.

"Our '1+' recovery rating on DP&L's senior secured debt is
unchanged. In addition, our '4' recovery rating on DPL's senior
unsecured debt is unchanged, indicating our expectation for average
(30%-50%; rounded estimate: 30%) recovery in the event of a payment
default.

"Our ratings upgrade follows DPL's announcement that it has reached
an agreement to sell its merchant generation and related assets,
including Tait, Montpelier, Yankee, Hutchings, Monument, and Sidney
generating stations, totaling about 973 megawatts (MW) of merchant
generation, which raises our confidence that the company will
accomplish its transformation to a low-risk transmission and
distribution (T&D) utility. A completed sale could support a
stronger business risk profile assessment. We revised our
comparable rating analysis modifier to neutral from negative,
reflecting our expectations of improvements to DPL's business risk
that mitigates the company's relatively weak financial measures,
including funds from operations (FFO) to debt of about 9.6%, or the
lower end of the range for its financial risk profile category.

"The CreditWatch listing with positive implications reflects our
expectations of further improvements to DPL's business risk once
the transaction closes. We may also reassess the strategic
relationship between DPL and its parent, The AES Corp., as DPL's
business model continues to evolve."


DUNCANLITE LABORATORY: U.S. Trustee Unable to Appoint Committee
---------------------------------------------------------------
The U.S. Trustee was unable to appoint an official committee of
unsecured creditors in the Chapter 11 case of Duncanlite
Laboratory, Inc., according to a statement filed with the U.S.
Bankruptcy Court for the District of Arizona.

                About Duncanlite Laboratory Inc.

Duncanlite Laboratory, Inc. is a privately-owned dental laboratory
business in Cottonwood, Arizona.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. Ariz. Case No. 17-12220) on October 13, 2017.
Linda L. Duncan, its secretary-treasurer, signed the petition.

As of September 30, 2017, the Debtor had $802,990 in assets and
$935,476 in liabilities.

Judge Daniel P. Collins presides over the case.


ENBRIDGE INC: Moody's Lowers Subordinate Shelf Rating to Ba2
------------------------------------------------------------
Moody's Investors Service downgraded the senior unsecured ratings
of Enbridge Inc. (ENB) to Baa3 from Baa2. In addition, Moody's
changed the short term commercial paper rating for Enbridge (US)
Inc. to P-3 from P-2 and the subordinate ratings to Ba2 from Ba1.
At the same time, Moody's changed the rating outlook for Enbridge
to stable from negative. For a full list of rating actions see the
end of this press release.

"The downgrade follows Moody's review of Enbridge's strategic plans
that were announced on November 29th and expanded upon at the
company's recent investor days on December 12th and 13th," said
Gavin MacFarlane, Vice President/Senior Credit Officer. "Our
assessment of the plans is that the actions articulated are
insufficient to improve the financial profile of the company in a
timely manner to be in line with Moody's previously stated
expectations for a Baa2 rating."

RATINGS RATIONALE

The downgrade reflects ongoing high leverage at Enbridge Inc. For
example, Moody's calculates a ratio of debt to EBITDA at 6.4x for
the twelve months ended September 2017. Attaining a ratio below
5.5x, for a sustained period of time, is an important threshold to
maintain the Baa2 rating. On a prospective basis, taking into
consideration the actions announced, the ratio could fall to the
5.3x -- 5.5x range, but Moody's views the execution risks
associated with Enbridge's stated actions to be sufficiently high
that achieving those levels in 2018 would be challenging.

ENB's Baa3 senior unsecured rating reflects the company's large
size and diverse, low risk asset base. ENB's low-risk business
position is supported by its ownership of an extensive, growing
crude oil and gas network on which North America relies. Moody's
expects Enbridge's portfolio of assets to continue generating
stable cash flow based on a combination of rate regulation, a
favorable contractual profile and a strong competitive position.

These credit strengths are offset by high leverage, a persistently
large capital investment program and material corporate and capital
structure complexity. The capital structure complexity also
contributes to meaningful structural subordination considerations.
Enbridge's large capital program highlights ongoing execution risk.
The company's track record for executing its capital program on
schedule and within budget is faltering on its largest, most high
profile projects, including its Line 3 Replacement project.

The ratings on two large Enbridge subsidiaries, Enbridge Income
Fund (Baa3 Negative) and Enbridge Energy Partners, L.P. (Baa3
Stable), are unchanged as a result of this rating action.

Outlook

The change in rating outlook to stable from negative reflects
Enbridge's predictable cash flow generation and large, low business
risk asset base. The stable outlook reflects an expectation that
Enbridge will follow through on its announced strategic plans,
which include some non-core asset divestitures and financing plans
that encompasses a balanced mix of both debt and equity. The stable
outlook also incorporates a view that Enbridge's key financial
credit metrics, including a ratio of debt to EBITDA, will decline
towards 5.5x during 2018, setting a path for further improvements
to financial metrics in 2019 and 2020.

Factors that Could Lead to an Upgrade

* Moody's adjusted debt to EBITDA is sustained comfortably below
5.5x.

* A large reduction in its organizational complexity and structural
subordination

Factors that Could Lead to a Downgrade

* Moody's adjusted debt to EBITDA is sustained well above 6x.

* Increases in structural subordination, more aggressive financial
policies or a material change in the company's business risk could
also lead to a downgrade.

Enbridge is a North American energy delivery company with more than
18,000 miles of liquids pipelines and 200,000 miles of natural gas
and natural gas liquids pipelines. ENB has five operating segments:
Liquids Pipelines (53% of 2016 adjusted EBITDA), Gas Pipelines and
Processing (31%), Gas Distribution (13%), and Green Power,
Transmission and Energy

Services (3%).

Downgrades:

Issuer: Enbridge (U.S.) Inc.

-- Senior Unsecured Commercial Paper, Downgraded to P-3 from P-2

Issuer: Enbridge Inc.

-- Issuer Rating, Downgraded to Baa3 from Baa2

-- Preference Shelf, Downgraded to (P)Ba2 from (P)Ba1

-- Preferred Shelf, Downgraded to (P)Ba2 from (P)Ba1

-- Subordinate Shelf, Downgraded to (P)Ba1 from (P)Baa3

-- Senior Unsecured Shelf, Downgraded to (P)Baa3 from (P)Baa2

-- Pref. Stock Preferred Stock, Downgraded to Ba2 from Ba1

-- Pref. Stock Preferred Stock, Downgraded to (P)Ba2 from (P)Ba1

-- Subordinate Regular Bond/Debenture, Downgraded to Ba2 from Ba1

-- Senior Unsecured Medium-Term Note Program, Downgraded to
    (P)Baa3 from (P)Baa2

-- Senior Unsecured Regular Bond/Debenture, Downgraded to Baa3
    from Baa2

Outlook Actions:

Issuer: Enbridge Inc.

-- Outlook, Changed To Stable From Negative

The principal methodology used in these ratings was Midstream
Energy published in May 2017.



ENERGY FUTURE: Majority Creditors Seek Seat in Fee Committee
------------------------------------------------------------
Majority Creditors Elliott Associates, L.P., Elliott International,
L.P., The Liverpool Limited Partnership, and Gatwick Securities LLC
and Paloma Partners Management Company and Sunrise Partners Limited
Partnership asked the U.S. Bankruptcy Court for the District of
Delaware to order the appointment of their representative to the
Fee Committee in place of the seat currently occupied by a
representative of the Official Committee of Unsecured Creditors in
the Chapter 11 cases of Energy Future Holdings Corp. and its debtor
affiliates.

The Majority Creditors, which hold approximately 75% of the
remaining unsecured E-Side debt, seek the Court's approval of their
substitution onto the Fee Committee for the existing seat held by
the UCC, which endorses that appointment.  According to the
Majority Creditors, obtaining information about the Fee Committee's
process, work product and results has proven difficult and the Fee
Committee has been reluctant to disclose any of its means or
methods, and has refused to state whether specific types of work
product exist or might be disclosed.  The Majority Creditors have
not been given access to raw data, like the Fee Committee's fee
database, or to any analysis or compilation of budgets, anticipated
advisor spend or involvement through case closure.

The Majority Creditors pointed out that since April 2017, more than
$487 million in professional fees have been approved and/or
recommended for approval by the Fee Committee.  This, the Creditors
said, does not include the hundreds ofmillions of dollars in
additional accrued and accruing fees, "success" and transaction
fees, and related advisor costs that may be sought in connection
with final plan confirmation.

According to the Creditors, the Fee Committee has secured modest
reductions from these professionals in the amount of approximately
$13 million, while incurring approximately $7 million in fees and
expenses paid to the Committee Chairman and his counsel.  At the
same time, the financial position of unsecured E-Side creditors
during the bankruptcy has eroded by approximately $1 billion.

Representing the Majority Creditors, Jeffrey M. Gorris, Esq., at
Friedlander & Gorris, P.A., in Wilmington, Delaware, told the Court
that, in addition to their intrinsic financial interest in the Fee
Committee's success, membership will allow the Majority Creditors'
representative to participate in the Fee Committee's ongoing
negotiations with professionals to reduce future expenditures writ
large.  It will give advisors greater confidence that, when
reaching compromises supported by the Fee Committee, they will be
less likely to face secondary inquiry or challenge from the
estate's largest unsecured creditors -- helping to reduce
after-the-fact collateral negotiations and adversary litigation
before the Court, Mr. Gorris said.  This will further conserve
professional and party resources in having to address multiple
inquiries, and hopefully reduce the number of contested fee
disputes during final plan confirmation, Mr. Gorris added.

The Majority Creditors are represented by:

     Jeffrey M. Gorris, Esq.
     FRIEDLANDER & GORRIS, P.A.
     1201 N. Market St., Suite 2200
     Wilmington, DE 19801
     Tel: (302) 573-3500
     Fax: (302) 573-3501
     Email: jgorris@friedlandergorris.com

         - and -

     J. Noah Hagey, Esq.
     Amy Brown, Esq.
     BRAUNHAGEY & BORDEN LLP
     7 Times Square, 27th Floor
     New York, NY 10036-6524
     Tel: (646) 829-9403
     Email: hagey@braunhagey.com
            brown@braunhagey.com

                     About Energy Future

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

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

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

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

EFH's legal advisor for the Chapter 11 proceedings is Kirkland &
Ellis LLP, its financial advisor is Evercore Partners and its
restructuring advisor is Alvarez & Marsal. T he TCEH first lien
lenders supporting the restructuring agreement are represented by
Paul, Weiss, Rifkind, Wharton & Garrison, LLP as legal advisor, and
Millstein & Co., LLC, as financial advisor.

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

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

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

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

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

                           *    *     *

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

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

On Nov. 3, 2017, the Bankruptcy Court entered an order closing the
Chapter 11 cases of 40 affiliate debtors.  The claims asserted
against, and interests asserted in, the Closing Cases are
transferred to the lead case of Texas Competitive Electric Holdings
Company LLC, Case No. 14-10978.  A list of the Closing Cases is
available for free at:
http://bankrupt.com/misc/EnergyFuture_decreeclosing40.pdf


ENPRO INDUSTRIES: Moody's Hikes CFR to Ba3; Outlook Stable
----------------------------------------------------------
Moody's Investors Service upgraded the Corporate Family Rating
("CFR") and Probability of Default Ratings of EnPro Industries,
Inc. to Ba3 and Ba3-PD from B1 and B1-PD, respectively.
Concurrently, Moody's affirmed the company's B1 senior unsecured
notes rating and SGL-2 Speculative Grade Liquidity ("SGL") ratings.
The ratings outlook is stable.

Moody's took the following rating actions on EnPro Industries,
Inc.:

Ratings Upgraded:

Corporate Family Rating, to Ba3 from B1

Probability of Default Rating, to Ba3-PD from B1-PD

Ratings Affirmed:

5.875% senior notes due September 2022, at B1 (LGD4)

Speculative Grade Liquidity rating, at SGL-2

Outlook, Stable

RATINGS RATIONALE

The ratings upgrade is based on both the expectation that the
company will experience top line growth and earnings from positive
end-market fundamentals in the majority of its end-markets as well
as the benefits from the consummation of the ACRP ("Asbestos Claims
Resolutions Process") joint plan of reorganization that became
effective on July 31, 2017. Due to the consummation of the Plan,
the company's seven-year asbestos litigation burden has been
concluded and the company has regained control of its Garlock
Sealing Technologies LLC and related entities subsidiaries ("GST").
These entities no longer operate under bankruptcy and their
financial statements have been reconsolidated into EnPro's reported
GAAP financial statements. Furthermore, the company has publicly
announced its intent to manage towards a net debt/EBITDA (company
defined) leverage range of 2.0x to 2.5x over the long-term vs. the
LTM September 2017 pro forma figure of 2.1x.

The consequence of the consummation of the Plan is that pro forma
for the reconsolidation, the company's credit metric profile has
improved. Pro forma debt/EBITDA (including Moody's standard
adjustments) improves by approximately two turns to 2.9x for the
last twelve months ended September 30, 2017 versus close to 5.0x
before the Plan. Pro forma interest coverage has also improved to
4.0x from approximately 2.0x. Additionally, free cash flow to debt
is expected to reach 10-15% over the next twelve to eighteen months
versus the low to mid-single digit range. The improved credit
profile is occurring concurrent with signs of a continued moderate
improvement in earnings.

Pro forma reconsolidation, EnPro's enhanced free cash flow profile
enables it to focus on deploying its capital towards growth
initiatives, investments in R&D and bolt-on acquisitions. The
company is well-positioned to continue to attain greater revenue
scale and operating efficiencies.

EnPro's Ba3 CFR reflects the company's good scale (approximately
$1.4 billion pro forma GST reconsolidation revenues), brand
strength and end-market diversity ranging from heavy-duty trucking
and general industrial to semiconductors, energy and power
generation. The ratings also favorably consider EnPro's geographic
diversity with slightly over 40% of revenues generated abroad. Many
of the company's end-markets including semiconductors, general
industrial, oil & gas, and metals and mining have seen moderate
improvement that is expected to continue, more than offsetting
expected continued softness in its industrial gas turbine and
nuclear businesses.

The company has visibility into near-term order trends and
underlying demand fundamentals in many of its key end-markets
indicate moderate improvement in 2018. In addition to the near-term
visibility of the company's revenue stream, approximately half of
the company's business is aftermarket-related which adds a degree
of revenue stability and predictability.

EnPro's Speculative Grade Liquidity rating of SGL-2 denotes Moody's
expectation that the company will maintain a good liquidity profile
over the next twelve to eighteen months characterized by over $75
million of free cash flow generation annually, at least 10% of
revolver availability-to-revenue under its $300 million revolving
credit facility and over $150 million of cash on the balance sheet
(majority held outside of the US). The company is expected to
maintain ample headroom under its financial maintenance covenants
while offshore assets provide a source of alternate liquidity.

The stable outlook reflects the expectation that the company will
grow revenues and earnings in the low single digit range over the
next twelve to eighteen months due to end-market improvement and
cost savings from restructuring actions while maintaining a good
liquidity profile.

The ratings could be downgraded if financial leverage increases
towards 4.0x and/or EBITA/interest coverage weakens to below 3.0x
and is sustained at those levels, the company's financial policy
becomes more aggressive through debt-financed share repurchases or
dividends as well as significant erosion in its liquidity profile.

The ratings could be upgraded if the company were to grow revenues
above the mid-single digit level, debt-to-EBITDA were to improve to
below 2.5x on a sustained basis, EBITA-to-interest were to improve
to the 5.0x range, and free cash flow-to-debt were to exceed 15%.

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

Charlotte, North Carolina based EnPro Industries, Inc. (EnPro)
manufactures and markets a variety of proprietary engineered
products, including sealing products, metal polymer and filament
wound bearings, components and service for reciprocating
compressors, diesel and dual-fuel engines and other engineered
products for use in critical applications by industries worldwide.
The company's revenues were approximately $1.4 billion for the
twelve months ended September 30, 2017 pro forma for GST
reconsolidation.


EQUINIX INC: Metronode Acquisition No Impact on Moody's Ba3 CFR
---------------------------------------------------------------
Moody's Investors Service said that Equinix's agreement to acquire
Australian data center operator Metronode will not impact its Ba3
corporate family rating or positive outlook. Equinix has agreed to
acquire Metronode for approximately $800 million in cash. Moody's
expects the company to use existing liquidity to finance the
acquisition and to continue to pursue a balanced approach to
capital allocation that includes both debt and equity. Equinix has
implemented a $750 million at-the-market (ATM) equity issuance
program and has issued equity in the past to finance M&A. The
acquisition of Metronode will further strengthen Equinix's
competitive position in the Asia-Pacific region, adding 10 data
centers in Australia to the company's existing 5 data centers
there.

Equinix's consistent M&A adds to its global scale and enhances its
competitive position. However, the pace of M&A coupled with the
cash flow deficits from its high dividend requires a significant
amount of incremental capital. Over the past 5 years, this has
resulted in approximately flat leverage of around 5x (Moody's
adjusted Debt to EBITDA). The positive outlook reflects Moody's
expectation that leverage will decline towards 4.5x. Given
Equinix's persistent negative free cash flow after dividends, a
higher rating is very unlikely without an improvement in leverage.

Equinix's Ba3 corporate family rating reflects its position as the
leading global independent data center operator offering
carrier-neutral data center and interconnection services to large
enterprises, content distributors and global Internet companies.
The rating also incorporates the company's stable base of
contracted recurring revenues, its strategic real estate holdings
in key communications hubs and the favorable near-term growth
trends for data center services across the world. These positive
factors are offset by significant industry risks, intense
competition, an aggressive M&A program and relatively high capital
intensity. The rating also reflects the company's negative free
cash flow due to the high dividend associated with its REIT tax
status. The company's recent announcement of an ongoing
at-the-market (ATM) equity issuance program could offset this
negative aspect if Equinix uses it for a consistent source of
capital.

Management has a goal of achieving investment grade ratings, which
Moody's believes would offer access to lower cost and/or longer
duration debt. Equinix has several qualitative characteristics that
are consistent with an investment grade issuer, specifically its
scale, market position and business model. However, its
quantitative factors currently fall short of investment grade, in
particular leverage and free cash flow. Assuming Equinix continues
to build its qualitative strengths, the key determinants of an
investment grade rating include leverage falling below 3.5x on a
Moody's adjusted basis and positive free cash flow (calculated as
CFO less capex less dividends). To the extent that Equinix
consistently issues equity to fund its annual cash flow deficit,
this could offer some flexibility for the timing of the free cash
flow metric transitioning to positive. Moody's ratings are
prospective and are typically based upon Moody's 18 to 24 month
forward view of financial metrics.

The positive outlook reflects improved leverage tolerance and a
more balanced financial policy at Equinix as well as the
expectation that the company will successfully complete the
integration of the recently acquired Verizon assets. It also
incorporates Moody's view that Equinix will continue to grow
revenue and EBITDA such that leverage will fall towards the mid 4x
range (Moody's adjusted) and the company will maintain adequate
liquidity as it manages the cash flow demands of its high growth
business and its large dividend.

Moody's could raise Equinix' ratings if leverage can be sustained
below 4.5x and the company uses a meaningful amount of equity to
fund its annual cash deficits. The ratings could be downgraded if
leverage is sustained above 5x (Moody's adjusted) for an extended
time frame or if liquidity deteriorates.

Headquartered in Redwood City, CA, Equinix, Inc. is the largest
publicly traded carrier-neutral data center hosting provider in the
world with operations in 44 markets across the Americas, EMEA and
Asia-Pacific.


EZRA HOLDINGS: Has Until Feb. 19 to Exclusively File Plan
---------------------------------------------------------
The Hon. Robert D. Drain of the U.S. Bankruptcy Court for the
Southern District of New York has extended Ezra Holdings Limited
and its affiliated debtors' exclusive periods to file a Chapter 11
plan and solicit acceptances of that plan through and including
Feb. 19, 2018, and through and including April 12, 2018,
respectively.

As reported by the Troubled Company Reporter on Oct. 30, 2017, the
Debtors asked the Court to extend by 120 days their exclusive
periods in which to file a plan and solicit acceptance, to March 13
and May 11, 2018, respectively.  The Debtors asserted that the
development of a plan requires addressing the Debtors' complex
capital structure and the need to review and understand the
Debtors' and their respective affiliates' role in various exit
strategy scenarios.

                       About Ezra Holdings

Founded in 1992, Ezra Holdings Limited --
http://www.ezraholdings.com/-- is an offshore contractor and
provider of integrated offshore solutions to the global oil and gas
industry.  Ezra is incorporated in Singapore with its registered
office at 15 Hoe Chiang Road #28-01 Tower Fifteen Singapore 089316.
Its shares were listed on the SGX Sesdaq on Aug. 8, 2003, and
moved to the Mainboard of the Singapore Exchange since Dec. 8,
2005.  It also issued certain notes (S$150,000,000 4.875% Notes due
2018 comprised in Series 003) which have been listed on the
Singapore Exchange since 2013.

Ezra established and maintains an office in the United States
located at 75 South Broadway, Fourth Floor, Office Number 489,
White Plains, New York 10601.  Ezra also has a wholly owned New
York subsidiary, Ezra Holdings (NY) Inc., which was incorporated in
the United States of America with 200 shares at a nominal issue
price per share.

EMITS, a wholly owned subsidiary of Ezra, provides supporting
information technology services to each of the Ezra Group's
business divisions.  Ezra Marine, another wholly owned subsidiary
of Ezra, has a leasehold interest in the marine base in Singapore
located at 51 Shipyard Road, Singapore 628139 and leases out the
base's facilities and provides various support services in
connection with the marine base to the Ezra Group's operating
entities.

Ezra Holdings and two affiliates -- Ezra Marine Services Pte. Ltd.
and EMAS IT Solutions Pte Ltd -- filed voluntary Chapter 11
bankruptcy petitions (Bankr. S.D.N.Y. Lead Case No. 17-22405) on
March 18, 2017, before the Honorable Robert D. Drain.  The
petitions were signed by Tan Cher Liang, director.  Ezra Holdings
estimated $500 million to $1 billion in assets and $100 million to
$500 million in liabilities.

Lawyers at Saul Ewing, led by Sharon L. Levine, Esq., serve as the
Debtors' Chapter 11 counsel.  The Debtors tapped as general
Singapore counsel Drew & Napier LLC; and claims and noticing agent,
Prime Clerk LLC.  Foxwood LLC also serves as special counsel.

The Ezra Group's joint venture, EMAS CHIYODA Subsea Limited, and
certain of its affiliate companies filed voluntary Chapter 11
petitions (Bankr. S.D. Tex. Lead Case No. 17-31146) on Feb. 27,
2017.  ECS' wholly-owned subsidiary, EMAS-AMC AS, has also been
placed under members' voluntary liquidation in Norway.

Ezra guaranteed substantial charter hire liabilities of the ECS
Group, as well as certain loans owed by the ECS Group to financial
institutions, Ezra faces potentially significant contingent
liability if the creditors call on the guarantees.

Ezra received statutory demands from Svenska Handelsbanken AB
(Publ), Singapore Branch and Forland Subsea AS on Jan. 24, 2017,
and Feb. 6, 2017, respectively. These statutory demands have since
expired under Singapore law and these two creditors may commence
winding up applications against Ezra.  Ezra also received a
statutory demand from VT Halter Marine, Inc. on March 9, 2017.


FEDERATION EMPLOYMENT: Property Sales to Fund Plan Payments
-----------------------------------------------------------
Federation Employment and Guidance Service, Inc., filed with the
U.S. Bankruptcy Court for the Eastern District of New York a
disclosure statement and a second amended plan of liquidation.

Unless the holder of an allowed administrative claim, priority tax
claim, or New York State Department of Labor (DOL) priority claim
agrees to less favorable treatment, each holder of such claim, in
full and final satisfaction release and settlement thereof, shall
receive payment in cash in an amount equal to such claim on or as
soon as reasonably practicable after the later of (i) the effective
date; or (ii) the date on which such claim becomes allowed or
otherwise payable.

Notwithstanding the preceding, to the extent the Settlement
Agreement is approved by the Bankruptcy Court through entry of the
Confirmation Order, the DOL priority claim shall be determined and
treated in accordance with the terms of the Settlement Agreement.

Each holder of an allowed The Dormitory Authority of the State of
New York (DASNY) secured claim or an allowed bond trustee secured
claim, in full and final satisfaction, release and settlement of
such claim, will either be paid the full amount of such claim or
such claim will be otherwise assumed and paid in accordance with
existing terms as provided under the terms of the Purchase
Agreement and Settlement Agreement.

Each holder of an allowed other secured claim, in full and final
satisfaction, release and settlement of such claim, shall receive
one of the following alternative treatments, at the election of the
Plan Administrator:

     (a) payment in full in cash on or as soon as reasonably
         practicable after the later of
            (i) the effective date and
            (ii) the date the claim becomes due and payable by
                 its terms;

     (b) the legal, equitable and contractual rights to which
         such claim entitles the holder, unaltered by the plan;

     (c) the treatment described in Section 1124(2) of the
         Bankruptcy Code; or

     (d) all collateral securing such claim, without
         representation or warranty by or recourse against the
         debtor.

To the extent that the value of the collateral securing any allowed
other secured claim is less than the amount of such allowed other
secured claim, the undersecured portion of such claim shall be
treated for all purposes under the plan as an unsecured claim and
shall be classified as such.

Each holder of an allowed other priority claim, in full and final
satisfaction, release and settlement of such claim, shall be paid
in full in cash on or as soon as reasonably practicable after the
later of (i) the effective date and (ii) the date on which such
claim becomes allowed, unless such holder shall agree to a
different and less favorable treatment of such claim (including,
without limitation, any different treatment that may be provided
for in the documentation governing such claim or in a prior
agreement with such holder).

Except as otherwise provided in the plan and/or as may be agreed to
between the debtor and the holder of any allowed unsecured claim,
the holders of allowed unsecured claims, in full and final
satisfaction, release and settlement of such allowed unsecured
claims, shall from time to time receive pro rata distributions of
cash from the net proceeds and pro rata share of the Creditor Trust
Interests. Notwithstanding the preceding, to the extent the
Settlement Agreement is approved by the Bankruptcy Court through
entry of the Confirmation Order, the New York State Office of
Mental Health (OMH) Claim, the New York State of Office of Peopel
With Developental Disabilities (OPWDD) Claim and the DOL Unsecured
Claim shall be treated in accordance with the terms of the
Settlement Agreement.

The Debtor shall seek, in connection with the entry of the
Confirmation Order, authorization of a private sale, in accordance
with the terms of certain Purchase and Sale Agreements  of all of
the Debtor's right, title and interest in and to that certain real
property, those cooperative shares and proprietary leases relating
to any cooperative units, and the sponsorship interest in Waverly
Residence, Inc.  to the Jewish Board of Family and Children's
Services, Inc., United Cerebral Palsy of New York City, Inc. d/b/a
Adapt Community Network, Heartshare Human Services of New York,
Roman Catholic Diocese of Brooklyn, Community Services Support
Corporation (an affiliate of Citizens Options Unlimited, Inc.),
Suffolk AHRC, Inc., The New York Foundling Hospital, Human First,
Inc. and Family Residences and Essential Enterprises, Inc. (a/k/a
FREE Inc.), each a New York not-for-profit corporation, and itself
or through an affiliate, an assignee of the BH Programs or DD
Programs as the case may be.

The Debtor shall also seek authorization, in accordance with the
terms of the Substitution Agreements, of a private sale of its
membership or sponsorship interest in certain housing agencies, in
one or more transactions, to the joint venture of L&M Inclusionary
Acquisition LLC and the joint venture partner formed to acquire
such housing corporation interests.

The Confirmation Order also authorize one or more sales of the
debtor's right, title and interest in and to other real property.

Full-text copies of Federation Employment's disclosure statement
and second amended plan are available at:

     http://bankrupt.com/misc/nyeb15-71074-967.pdf
     http://bankrupt.com/misc/nyeb15-71074-966.pdf

                         About FEGS

Established in 1934 amidst the Great Depression, Federation
Employment & Guidance Service, Inc. ("FEGS") is a not-for-profit
provider of various health and social services to more than 120,000
individuals annually in the areas of behavioral health,
disabilities, housing, home care, employment/workforce, education,
youth and family services.  At its peak, FEGs' network of programs
operated over 350 locations throughout metropolitan New York and
Long Island and employed 2,217 highly skilled professionals.

FEGS sought Chapter 11 bankruptcy protection (Bankr. E.D.N.Y. Case
No. 15-71074) in Central Islip, New York on March 18, 2015.

The Debtor disclosed $86,697,814 in assets and $45,572,524 in
liabilities as of the Chapter 11 filing.

The Debtor filed applications to hire Garfunkel, Wild, P.C., as
general bankruptcy counsel; Togut, Segal & Segal, LLP, as
co-counsel; JL Consulting LLC as Restructuring Advisor, as
restructuring advisor; Crowe Horwath, LLP as accountants; and Rust
Consulting/Omni Bankruptcy as claims and noticing agent.

On March 31, 2015, the U.S. Trustee appointed the Creditors'
Committee.  The U.S. Trustee for Region 2 appointed three members
to the Official Committee of Unsecured Creditors. The Committee
tapped Pachulski Stang Ziehl & Jones LLP as its counsel.

FEGS, in July 2017, sold substantially all of its remaining
residential estate portfolio to the State of New York, New York
State Office of Mental Health ("OMH"), and the New York State
Office for People With Developmental Disabilities ("OPWDD") for
$25,213,667.


FIRST ACCEPTANCE: A.M. Best Affirms 'cc' Issuer Credit Rating
-------------------------------------------------------------
A.M. Best has affirmed the Financial Strength Rating (FSR) of C++
(Marginal) and the Long-Term Issuer Credit Rating (Long-Term ICR)
of "b" for the subsidiaries of First Acceptance Corporation
(collectively referred to as First Acceptance Group) (Delaware)
[NYSE:FAC]. Concurrently, A.M. Best has affirmed the Long-Term ICR
of "cc" of First Acceptance Corporation. The outlooks of these
Credit Ratings (ratings) remain negative.

The ratings reflect First Acceptance Group's balance sheet
strength, which A.M. Best categorizes as weak, as well as its
marginal operating performance, limited business profile and
marginal enterprise risk management. First Acceptance Group's weak
risk-adjusted capitalization is attributable to adverse loss
reserve development recognized during 2016. The group is
concentrated in the private passenger non-standard automobile
business, an industry segment that continues to be under pressure.
Due to improvements in the economy, the automobile segment as a
whole has experienced increased claims activity in the past few
years, contributing to First Acceptance Group's recent underwriting
losses. The significant decrease in the company's surplus during
2016 has resulted in elevated net underwriting leverage.

Conversely, the group has substantial fee income which partially
offsets underwriting expenses and is a significant component of the
product pricing that has contributed to surplus growth in earlier
years. Additionally, the purchase of the Titan Agencies by First
Acceptance Corporation, which closed on July 1, 2015, has improved
financial flexibility by alleviating some of the pressure on the
subsidiaries to provide dividend capital to the holding company.

The FSR of C++ (Marginal) and the Long-Term ICR of "b" have been
affirmed with negative outlooks for the following pooled
subsidiaries of First Acceptance Corporation.

- First Acceptance Insurance Company, Inc.
- First Acceptance Insurance Company of Georgia, Inc.
- First Acceptance Insurance Company of Tennessee, Inc.


FLORIDA FOLDER: US Trustee Unable to Appoint Creditors' Committee
-----------------------------------------------------------------
The U.S. trustee was unable to appoint members to the official
committee of unsecured creditors of Florida Folder Service, Inc.,
according to a notice filed with the U.S. Bankruptcy Court for the
Middle District of Florida.

                   About Florida Folder Service

Florida Folder Service, Inc., a/k/a Brochure Displays, a/k/a
Digital Press -- http://brochuredisplays.com/-- provides
professional brochure distribution at hundreds of motels, hotels
and other tourism related businesses in prime markets throughout
the southeast, including Florida, Georgia, Tennessee and the
Carolinas. Its Florida markets include the major resort
destinations of Daytona Beach, St. Augustine, Jacksonville and New
Smyrna Beach.

Florida Folder Service filed a Chapter 11 petition (Bankr. M.D.
Fla. Case No. 17-03869) on Nov. 6, 2017.  Terry McDonough,
president, signed the petition.  The case is assigned to Judge
Jerry A. Funk.  The Debtor is represented by Jason A Burgess, Esq.,
at the Law Offices of Jason A. Burgess, LLC.  At the time of
filing, the Debtor disclosed $843,347 in assets and $1,040,000 in
liabilities.


FOUNDATION OF HUMAN: Taps Severaid and Glahn as Litigation Counsel
------------------------------------------------------------------
The Foundation of Human Understanding seeks approval from the U.S.
Bankruptcy Court for the Eastern District of California to hire
Severaid and Glahn, PC as its litigation counsel.

The firm will, among other things, provide the Debtor with legal
advice with respect to any adversarial legal proceedings, and
prosecute actions to protect the Debtor's estate.

Carter Glahn, Esq., the attorney who will be handling the case,
charges an hourly fee of $375.

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

The firm can be reached through:

     Carter Glahn, Esq.
     Severaid & Glahn, PC
     1787 Tribute Road, Suite D
     Sacramento CA 95815
     Phone: (916) 929-8383
     Fax: (916) 925-4763
     Email: cglahn@sbcglobal.net

            About The Foundation of Human Understanding

The Foundation of Human Understanding -- https://www.fhu.com/ --
was founded by Roy Masters in 1963 as a 501(c)(3) non-profit church
organization.

The Foundation of Human Understanding sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. E.D. Calif. Case No.
17-27528) on November 15, 2017.  David Masters, its president,
signed the petition.

At the time of the filing, the Debtor disclosed $35.22 million in
assets and $1.10 million in liabilities.

Judge Michael S. McManus presides over the case.  David Epstein,
Esq., is the Debtor's bankruptcy counsel.


G6 LIMITED: U.S. Trustee Unable to Appoint Committee
----------------------------------------------------
The U.S. Trustee was unable to appoint an official committee of
unsecured creditors in the Chapter 11 case of G6 Limited
Partnership, according to the statement filed with the U.S.
Bankruptcy Court for the District of Arizona.

Based in Tucson, Arizona, G6 Limited Partnership is a small
business debtor as defined in 11 U.S.C. Section 101(51D).  The
company filed a Chapter 11 Petition (Bankr. D. Ariz. Case No.
17-12003) on October 10, 2017.  The case is assigned to Hon. Scott
H. Gan.  The Debtor's counsel is Daniel J. Rylander, Esq., in
Tucson, Arizona.

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

The petition was signed by Ernest L. Graves, manager of EME
Management Group, LLC, general partner.

The Debtor did not file a list of its 20 largest unsecured
creditors together with the petition.


GATEWAY MEDICAL: Opus Bank Proposes to Sell Assets to Pay Creditors
-------------------------------------------------------------------
Opus Bank filed with the U.S. Bankruptcy Court for the Western
District of Washington a disclosure statement explaining its
proposed Creditor's Chapter 11 Plan for Gateway Medical Center II,
LLC, and Gateway Medical Center LLC.

Under the Creditor's Plan, claims against and interest in the
debtors are classified as follows:

                      Estimated
                      Allowed
   Claims/Interests   Claims          Source of Recovery
   ----------------   -------------   ------------------
   Clark County       $64,352.94      Cash proceeds from sale of
   Treasurer Secured                  Gateway Property
   Claim against
   Gateway

   Clark County       $84,440.47      Cash proceeds from sale of
   Treasurer Secured                  Gateway II Property  
   Claim against
   Gateway II

   Secured Claim of   $12,730,263     Cash applied from Opus
   Opus against       as of           Account, cash collateral, and

   Gateway            Sept. 12, 2017  proceeds from sale of       
                                      Properties and Gateway Assets


   Secured Claim of   $12,730,263     Cash collateral, and proceeds

   Opus against       as of           from sale of Properties and
   Gateway II         Sept. 12, 2017  Gateway Assets

   Secured Claim of   $3,317,139.98   Cash collateral, and proceeds

   Maxim                              from sale of Properties and
                                      Gateway Assets

   Secured Claim of   $3,317,139.98  Cash collateral, and proceeds

   Maxim against                     from sale of Properties and
   Gateway II                        Gateway Assets

   General Unsecured  $27,883.25     Proceeds from sale of
   Claims                            Properties and Gateway Assets


   Equity Interests   N/A            Estimated Recovery: 0%
                                     Form of Recovery: Cash

Certain unclassified Claims will be paid in full in Cash to the
extent they become Allowed Claims. The Clark County Treasurer, Opus
Bank, Maxim, and holders of General Unsecured Claims will receive
distributions if and when the assets of the Debtors are sold and
based upon their priority under the Bankruptcy Code. Holders of
Allowed Secured Claims will receive distributions only if holders
of Allowed Secured Claims with senior priority are paid in full.
Holders of Allowed General Unsecured Claims will receive
distributions only if holders of Allowed Secured Claims are paid in
full. Holders of Equity Interests in the Debtors will retain their
interests following Confirmation but shall receive no distributions
on account of such interests unless and until all payments owing to
holders of Allowed Claims described in the Creditor's Plan have
been made.

A full-text copy of Opus Bank's disclosure statement is available
at:

              http://bankrupt.com/misc/wawb17-41780-119.pdf
           
Opus Bank is represented by:

          Michael J. Gearin, Esq.
          Brian T. Peterson, Esq.
          K&L GATES LLP
          925 Fourth Ave, Suite 2900
          Seattle, WA 98104-1158
          Tel: (206) 623-7580
          Fax: (206) 623-7022
          Email: michael.gearin@klgates.com
                 brian.peterson@klgates.com

                      About Gateway Medical
  
Gateway is a Washington limited liability company formed on May 28,
2004.  Gateway Medical Center, LLC owns a medical office building
located at 2501 NE 134th St., Vancouver, Washington.  It is
adjacent to a medical office building owned by affiliate Gateway
Medical Center II, LLC, located at 2621 NE 134th St., Vancouver,
Washington.

Gateway Medical Center, LLC, and Gateway Medical Center II, LLC,
filed separate Chapter 11 petitions (Bankr. W.D. Wash. Case Nos.
17-41779 and 17-41780, respectively), on May 4, 2017.  At the time
of filing, Gateway Medical Center had $1 million to $10 million in
estimated assets and Gateway Medical Center II had $10 million to
$50 million in estimated assets. Both Debtors have liabilities
estimated to be between $1 million to $10 million.

The petitions were signed by Daniel J. Boverman, manager.  The
cases are assigned to Judge Brian D Lynch.  The Debtor is
represented by Tara J. Schleicher, Esq., at Farleigh Wada Witt.

No trustee or examiner has been appointed.  


GATSBY'S MEN: Has Until February 23 to File Chapter 11 Plan
-----------------------------------------------------------
Judge Tony M. Davis of the U.S. Bankruptcy Court for the Western
District of Texas, at the behest of Gatsby's Men Wear, LLC, has
extended the Debtor's exclusivity period to file a Chapter 11 plan
to February 23, 2018, conditioned on the Debtor timely filing
monthly operating reports and paying U.S. Trustee fees.

The exclusivity period will automatically expire if the Debtor
fails to (1) timely file any monthly operating report, or (2) pay
any fee to the U.S. Trustee when that fee is due.

As reported by the Troubled Company Reporter on Dec. 14, 2017, the
Debtor asked the Court for an extension of the exclusivity period
to file a Chapter 11 plan through and including April 21, 2018. The
Debtor said that extending the exclusivity period by 120 days is
required to resolve certain contingencies.

A substantial portion of the Debtor's income is earned during the
holiday season. The Debtor anticipated it will have a substantial
amount of cash available to distribute to unsecured creditors
following the holiday season but cannot accurately predict the
amount of cash on hand it will have on hand at this time.  Further,
the Debtor has substantial claims against various predatory lenders
it intends to file shortly.  The resolution of these claims will
affect the plan the Debtor will be proposing in this case.

The Debtor took out an SBA loan through JPMorgan Chase Bank in May
2016 to finance tenant finish out and purchase inventory for the
Barton Creek location.  The rent at Barton Creek proved to be too
high for the Debtor to operate profitably and the Debtor began
experiencing operating losses.

Desperate for cash and unable to raise money from traditional
sources, the Debtor entered into a series of short term, usurious
interest-rate loans with various Merchant Cash Advance lenders.
The Debtor was unable to continue to pay the usurious loans and
several predatory lenders entered confession of judgments they
obtained as security for their loans; and started garnishing the
Debtor's bank accounts, leaving the Debtor without cash to fund
operations.

Despite these challenges, the Debtor has made significant progress
towards a successful restructuring.  Among other things, the Debtor
stabilized its business operations and smoothly transition into
Chapter 11, obtained important first day relief, negotiated a
comprehensive adequate protection package for the use of cash
collateral with its secured creditor, filed schedules and
statements of financial affairs, negotiated a new lease agreement
with the Simon Properties, in which the landlord agreed to waive
its lease rejection claim and reduced the rent from approximately
$46,000 per month to approximately $18,000 per month, obtained a
post-petition consignment financing agreement allowing it to pay
off its SBA loan at an accelerated rate and continue to purchase
inventory from its vendors without incurring additional debt.

The Debtor said its business is seasonal, and a large portion of
its sales occur between October and January.  It needed time to get
through the holiday season and to continue to work with its
stakeholders to build support for its plan.  The Debtor has
demonstrated that it can obtain consensus in this case and will be
in a better position to propose a plan of reorganization after it
has an opportunity to reduce its inventory and build cash.

Additionally, the Debtor needed time to prosecute litigation
against several predatory lenders on claims including preferential
transfers, fraudulent transfers, fraud, violation of criminal usury
statutes and breach of contract.

The Debtor said sufficient cause exists to extend the exclusivity
period. The Debtor averred that it has demonstrated good faith
progress towards reorganization during the approximately five
months since the case was filed, which warrants an extension of the
exclusivity period to 300 days.  The Debtor said its progress
includes:

     (a) Obtaining First Day Relief: The Debtor stabilized its
business operations through various operational first day motions
and orders.  This allowed it to, among other things, pay employees,
pay critical vendors, maintain insurance programs, and continue
using its cash management system;

     (b) Achieving a Consensual Cash Collateral Order: The Debtor
successfully secured key stakeholder support for an agreed cash
collateral order;

     (c) Obtaining Post-Petition Consignment Financing: Before a
contested evidentiary hearing, the Debtor successfully obtained
post-petition consignment financing that allowed it to continue
purchasing inventory from vendors critical to its business,
accelerate payment of its SBA loan, and generate additional funds
to pay its unsecured creditors through the liquidation of its
inventory;

     (d) Negotiated Substantial Rent Reduction at Barton Creek: the
Debtor successfully negotiated a substantial reduction in the rent
paid on its Barton Creek location, thereby eliminating further
operating losses at that location and allowing it to continue
operations and recover its investment in that store; and

     (e) Negotiating with Stakeholder's regarding the Debtor's
Proposed Restructuring: the Debtor continues to negotiate with
various parties in interest and attempt to obtain support for plan
of reorganization.

                     About Gatsby's Men Wear

Bee Cave, Texas-based Gatsby's Men Wear, LLC, tailors and sells
men's wear clothing.  The company was formed on March 26, 2013, and
operates two retail stores. It has been operating profitably in The
Hill Country Galleria since inception.  The Company expanded and
opened a second location in Barton Creek Mall in late 2016, and has
been struggling financially since then.

Gatsby's Men Wear filed a Chapter 11 petition (Bankr. W.D. Tex.
Case No. 17-10785) on June 26, 2017.  The Company said it is a
small business debtor as defined in 11 U.S.C. Section 101(51D).  At
the time of filing, the Debtor estimated under $50,000 in assets
and $1 million to $10 million in liabilities.

The petition was signed by Larry M Claybough, its president.  The
case is assigned to Judge Tony M. Davis.  The Debtor is represented
by Frederick E. Walker, Esq., at Frederick E. Walker PC.


GENON ENERGY: US Bank Objects to 3rd Amended Plan
-------------------------------------------------
BankruptcyData.com reported that U.S. Bank National Association
filed with the U.S. Bankruptcy Court an objection to GenOn Energy's
Third Amended Joint Chapter 11 Plan of Reorganization.  The
objection asserts, "By virtue of filing of an amended plan and
related plan supplement, the Debtors purport to have filed a motion
pursuant to Bankruptcy Rule 9019 to approve a so-called 'GenMA
Settlement.'  These documents were filed late in the day on Sunday,
December 10, 2017, with the apparent expectation that such motion
is to be heard [the next Tuesday].  To suggest that the changes
made to the plan are non-material, which it is not clear the
Debtors are even suggesting, would be illogical.  A materially
revised plan cannot be approved on less than 48 hours' notice.
Inherent in the concept of a settlement is the agreement among the
parties.  The Trustee, a 'GenMa Settlement Party' as defined in the
Third Amended Plan, has not agreed to the GenMA Settlement.
Accordingly, there is no settlement to approve. The Trustee has at
least two substantive problems with the GenMA Settlement as
described on the Term Sheet.  First, it characterizes the absence
of a Make-Whole Premium as a concession by the Trustee. The
understanding of the Trustee is that the Owner Lessors are going to
avail themselves of a provision in the Indentures, Section 2.10,
which permits a purchase of the Lessor Notes without a Make-Whole
Premium if certain conditions are met.  The Trustee has no
objection to such a purchase if such conditions are in fact met.
Otherwise, pursuant to Section 2.11(d) of the Indentures, any
optional redemption requires the payment of a Make Whole Premium.
The Trustee cannot agree a waiver of the Make-Whole Premium as part
of an optional redemption without the consent of Certificate
holders. Second, the Trustee will only agree to the GenMA
Settlement if it is clarified that GenMA's obligation to indemnify
the Indenture Trustees and Pass Through Trustees under Sections
10.1 and 16.6 of each of the Participation Agreements survives the
consummation of such settlement."

                       About GenOn Energy

GenOn Energy, Inc., is a wholesale power generation corporation
with 15,394 megawatts in generating capacity, operating operate 32
power plants in eight states. GenOn is subsidiary of NRG Energy
Inc., which is a competitive power company that produces, sells and
delivers energy and energy services, primarily in major competitive
power markets in the U.S.

GenOn is the product of two mergers since 2010.  First, on Dec. 3,
2010, two wholesale power generation companies -- RRI Energy, a
company formerly known as Reliant Energy, and Mirant Corporation --
completed an all-stock, tax-free merger with Mirant becoming RRI's
wholly-owned subsidiary.  Following the merger, RRI took its
current name: GenOn.

NRG, through a wholly-owned subsidiary, and GenOn completed a
stock-for-stock merger in a $6 billion deal, with GenOn continuing
as the surviving company on December 14, 2012.  NRG, as
consideration for acquiring GenOn's entire equity, issued 0.1216
shares of NRG common stock for each outstanding share of GenOn.  In
structuring the merger, NRG "ring-fenced" GenOn's debt, leaving
GenOn's creditors without recourse against NRG's assets in the
event of GenOn's default.

As of March 31, 2017, GenOn Energy had $4.81 billion in total
assets, $4.51 billion in total liabilities and $304 million in
total stockholders' equity.

GenOn Energy, Inc. ("GenOn"), GenOn Americas Generation, LLC
("GAG") and 60 of their directly and indirectly-owned subsidiaries
commenced the Chapter 11 cases in Houston, Texas (Bankr. S.D. Tex.
Lead Case No. 17-33695) on June 14, 2017, to implement a
restructuring plan negotiated with stakeholders prepetition.  The
Debtors' cases have been assigned to Judge David R. Jones.

Kirkland & Ellis LLP is the Debtors' bankruptcy counsel.  Zack A.
Clement, PLLC, is the local counsel.  Rothschild Inc. is the
financial advisor and investment banker.  McKinsey Recovery &
Transformation Services U.S. is the restructuring advisor.  Epiq
Systems, Inc., is the claims and noticing agent.

Credit Suisse Securities (USA) LLC serves as GenOn Energy's
financial advisor and investment banker.

Special Counsel to the GAG Steering Committee is Quinn Emanuel
Urquhart & Sullivan, LLP.  The Steering Committee of GAG
Noteholders is comprised of Benefit Street Partners LLC, Brigade
Capital Management, LP, Franklin Mutual Advisers, LLC, and Solus
Alternative Asset Management LP, each on behalf of itself or
certain affiliates, and/or accounts managed and/or advised by it or
its  affiliates.

Counsel to the GenOn Steering Committee and the GAG Steering
Committee are Keith H. Wofford, Esq., Stephen Moeller-Sally, Esq.,
and Marc B. Roitman, Esq., at Ropes & Gray LLP.

Counsel for NRG Energy, Inc., are C. Luckey McDowell, Esq., and Ian
E. Roberts, Esq., at Baker Botts L.L.P.


GENWORTH LIFE: Fitch Lowers IFS Rating to B+ on Deadline Extension
------------------------------------------------------------------
Fitch Ratings has downgraded the Insurer Financial Strength (IFS)
ratings of Genworth Life Insurance Company (GLIC) and Genworth Life
Insurance Company of New York (GLICNY) to 'B+' (Weak) from 'BB'
(Moderately Weak) and removed them from Rating Watch Evolving. The
Rating Outlook is Negative. Fitch has maintained the 'BB'
(Moderately Weak) IFS ratings of Genworth Life and Annuity
Insurance Company (GLAIC) on Rating Watch Evolving.  

The rating actions follow a second extension of the closing
deadline of a proposed acquisition of the insurers' parent,
Genworth Financial Inc. (GNW), by China Oceanwide Holdings Group
Co. Ltd. The transaction is subject to regulatory approval and was
initially expected to close by mid-2017. Regulatory review
continues and the close deadline has been extended a second time,
to April 2018.

Fitch believes the continued delay increases the uncertainty as to
whether the proposed transaction will be approved. With less
certainty that the merger will be completed, the ratings of GLIC
and GLICNY were downgraded to reflect ongoing concerns regarding
the adequacy of their recorded LTC reserves, which is highly
dependent on assumptions regarding future rate increases.

GLAIC's rating remains on Rating Watch pending the completion of
the acquisition by China Oceanwide. The Evolving Watch reflects
uncertainty as to whether the proposed transaction will be
approved.

Fitch expects to resolve the Rating Watch status following
regulators' approval or disapproval of the transaction. China
Oceanwide plans to contribute $600 million to GNW to address the
2018 debt maturity at or before the maturity date and $525 million
to Genworth Life. If consummated, Fitch believes that the
transaction addresses near-term concerns regarding upcoming debt
maturities and potential capital impact tied to further long-term
care (LTC) reserve charges. However, underperformance of the LTC
business continues to pressure Genworth Life's reserve margins and
capital adequacy.

KEY RATING DRIVERS

Genworth Life's ratings reflect the company's large exposure in the
LTC market, which Fitch views as one of the most risky products
sold by U.S. life insurers due to above-average underwriting and
pricing risk, high reserve and capital requirements and exposure to
low interest rates. The company's reported statutory capitalization
is strong relative to rating expectations but vulnerable to adverse
LTC reserve development.

Fitch believes GNW's access to the capital markets for future
funding needs and overall financial flexibility is limited. Over
the intermediate term, holding company funding needs are highly
dependent on existing cash balances, ordinary and special dividends
from the mortgage insurance businesses or further asset sales and
block transactions.

China Oceanwide is a privately held, family owned international
financial holding company based in Beijing, China, with operations
in financial services, energy, culture, media, and real estate.

RATING SENSITIVITIES

Key rating sensitivities that could result in a rating downgrade
include:
-- If Fitch believes there is a decline in financial flexibility
    as the result of a failure to complete the proposed
    acquisition, GLAIC's rating could be downgraded.
-- New information that indicated China Oceanwide's financial or
    operating profile is not supportive of the current ratings.
-- Significant additional charges related to long-term care or
    run-off business in the near to intermediate term.

Key rating sensitivities that could result in a rating upgrade or a
return to Stable Outlook include:
-- Successful completion of the proposed acquisition of GNW and
    capital contribution.
-- Successful un-stacking of GLAIC from GLIC ownership.

If the proposed acquisition successfully closes, the effect of
China Oceanwide's ownership on GNW will be an important analytical
consideration. If Fitch has insufficient information to evaluate
the effect of China Oceanwide's ownership on the rated entities,
Fitch may have to withdraw the ratings for lack of information.

FULL LIST OF RATING ACTIONS

Fitch maintains the following rating on Rating Watch Evolving:
Genworth Life and Annuity Insurance Company;
-- IFS at 'BB'.

Fitch downgrades the following ratings with Negative Rating
Outlook:
Genworth Life Insurance Company;
Genworth Life Insurance Company of New York;
-- IFS to 'B+' from 'BB'.



GLOBAL A&T: Taps Prime Clerk as Administrative Advisor
------------------------------------------------------
Global A&T Electronics Ltd. seeks approval from the U.S. Bankruptcy
Court for the Southern District of New York to hire Prime Clerk as
its administrative advisor.

The firm will provide bankruptcy administrative services to the
company and its affiliates, which include assisting them in the
solicitation, balloting and tabulation of votes; preparing an
official ballot certification; providing a confidential data room;
and managing any distribution pursuant to a Chapter 11 plan.

The firm's hourly rates are:

     Analyst                        $30 - $50
     Technology Consultant          $35 - $95
     Consultant/Sr. Consultant     $65 - $165
     Director                     $175 - $195
     COO/Executive VP               No charge
     Solicitation Consultant             $190
     Director of Solicitation            $210

Shira Weiner, general counsel of Prime Clerk, disclosed in a court
filing that the firm is a "disinterested person" as defined in
section 101(14) of the Bankruptcy Code.

Prime Clerk can be reached through:

     Shira D. Weiner
     Prime Clerk LLC
     830 Third Avenue, 9th Floor
     New York, NY 10022
     Phone: (212) 257-5450

                About Global A&T Electronics Ltd.

Global A&T Electronics Ltd. is a subsidiary of UTAC Holdings Ltd.
that provides semiconductor assembly and test services for
integrated circuits for use in analog, mixed-signal and logic, and
memory products in the United States, Japan, rest of Asia, Europe,
and internationally.

UTAC Holdings and its subsidiaries are independent providers of
assembly and test services for a broad range of semiconductor chips
with diversified end uses, including in-communications devices
(such as smartphones, Bluetooth and WiFi), consumer devices,
computing devices, automotive devices, security devices, and
devices for industrial and medical applications.  The company
offers its customers a full range of semiconductor assembly and
test services in these key product categories: analog, mixed-signal
and logic, and memory.  UTAC's customers are primarily fabless
companies, integrated device manufacturers and wafer foundries.

UTAC is headquartered in Singapore, with production facilities
located in Singapore, Thailand, Taiwan, China, Indonesia and
Malaysia.  The company's global sales network is broadly focused on
five regions: the United States, Europe, China and Taiwan, Japan,
and the rest of Asia.  The Debtors have 10,402 full-time
employees.

Global A&T and its affiliates sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. S.D.N.Y. Case Nos. 17-23931 to
17-23943) on December 17, 2017.  Michael E. Foreman, general
counsel and authorized officer, signed the petitions.

At the time of the filing, the Debtors disclosed that they had
estimated assets of $500 million to $1 billion and liabilities of
$1 billion to $10 billion.

Judge Robert D. Drain presides over the cases.  The Debtors hired
Kirkland & Ellis LLP as their bankruptcy counsel; Moelis & Company
Asia Limited and Moelis & Company LLC as financial advisors;
Alvarez & Marsal North America, LLC and Alvarez & Marsal (SE Asia)
Pte. Ltd. as restructuring advisors; and Prime Clerk LLC as notice,
claims and balloting agent.


GLOBAL BROKERAGE: Dec. 21 Meeting Set to Form Creditors' Panel
--------------------------------------------------------------
William K. Harrington, United States Trustee for Region 2, will
hold an organizational meeting on Dec. 21, 2017, at 10:00 a.m. in
the bankruptcy case of Global Brokerage, Inc.

The meeting will be held at:

               United States Bankruptcy Court
               For the Southern District of New York
               One Bowling Green, Room 511
               New York, NY 10004

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

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

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

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

                  About Global Brokerage

New York-based Global Brokerage, Inc., is a holding company with an
indirect effective ownership of FXCM Group, LLC through its equity
interest in Global Brokerage Holdings, LLC.  Through FXCM Group,
LLC the company provides an online foreign exchange trading and
related services to more than 178,000 active retail accounts
globally as of Dec. 31, 2016.  The company offers its customers
access to over-the-counter FX markets and has developed a
proprietary technology platform that it believes provides its
customers with an efficient and cost-effective way to trade FX. The
company also offers its non-U.S. customers the ability to trade
contracts-for-difference.

Global Brokerage  filed a voluntary Chapter 11 petition (Bankr.
S.D.N.Y. 17-13532) with a prepackaged reorganization plan on Dec.
11, 2017.  The Debtor disclosed total assets of $78.78 million and
total liabilities of $172.55 million as of Oct. 31, 2017.  The case
is pending before the Honorable Michael E. Wiles.

Global Brokerage's legal advisors are King & Spalding LLP, and its
financial advisors are Perella Weinberg Partners LP.   The claims
agent, Prime Clerk, maintains the Web site
https://cases.primeclerk.com/globalbrokerage.


GO WIRELESS: S&P Affirms 'B' Corp Credit Rating, Outlook Stable
---------------------------------------------------------------
S&P Global Ratings affirmed its 'B' corporate credit rating on Las
Vegas-based Verizon authorized retailer Go Wireless Holdings Inc.
The outlook is stable.

S&P said, "At the same time, we raised our issue-level rating on Go
Wireless' proposed $300 million (downsized from $400 million)
first-lien term loan due 2024. We also revised the recovery rating
to '2' from '3'. The '2' recovery rating indicates our expectation
for substantial (70%-90%; rounded estimate: 70%) recovery in the
event of a payment default. The company's capital structure will
also include a $50 million asset-based lending (ABL) revolver
facility due 2022, which we do not rate."

The ratings on Go Wireless reflect its decent market position as
Verizon's third-largest independent retailer based on store count
and somewhat non-discretionary nature of demand for mobile phones.
These factors are offset by the company's complete dependence on
Verizon as the sole broadband provider that narrows its service
offerings, susceptibility of revenues and cash flows to product
cycles, potential changes to commissions received from Verizon, and
execution risks associated with the company's aggressive growth
strategy. Over the next 12 months, S&P expects adjusted debt to
EBITDA to approach mid- to high-4.0x, mainly on EBITDA
contributions from acquisitions.

S&P said, "The stable outlook reflects our expectation that
adjusted debt to EBITDA will approach the mid- to high-4.0x area
and fixed-charge coverage of just below 2.0x over the next year
given our expectation for EBITDA base expansion upon store
acquisitions and modest improvement in margins.

"We could lower the rating if we expect adjusted debt to EBITDA to
be sustained above 6.0x and fixed-charge coverage ratio of 1.5x or
less. Potential scenarios include the company's inability to
effectively execute on its growth strategy and expand its EBITDA
base or deterioration of operating performance, possibly because of
unfavorable commission arrangements or heightened competition.

"We could raise the rating if we expect the company to sustain
adjusted debt to EBITDA of less than 4.5x and fixed-charge coverage
ratio of 2.2x or better. This could be the case if the company is
able to materially grow its EBITDA base while modestly improving
its margins on meaningful traction in its operating initiatives."


GRAFTECH INTERNATIONAL: Moody's Ups CFR to B2; Outlook Positive
---------------------------------------------------------------
Moody's Investors Service upgraded all ratings for GrafTech
International Ltd., including the Corporate Family Rating ("CFR")
to B2 from Caa1 and the senior unsecured rating to B3 from Caa2, to
conclude the review initiated on October 19, 2017. Moody's also
upgraded the Speculative Grade Liquidity Rating ("SGL") to SGL-2
from SGL-3. The rating outlook is positive.

"GrafTech's financial performance and credit metrics will
strengthen considerably on significantly higher averaged realized
prices for graphite electrodes in 2018," said Ben Nelson, Moody's
Vice President -- Senior Credit Officer and lead analyst for
GrafTech International Ltd.

Issuer: GrafTech International Ltd.

Upgrades:

-- Probability of Default Rating, Upgraded to B2-PD from Caa1-PD

-- Speculative Grade Liquidity Rating, Upgraded to SGL-2 from
    SGL-3

-- Corporate Family Rating, Upgraded to B2 from Caa1

-- Senior Secured Bank Credit Facility, Upgraded to Ba2 (LGD2)
    from B2 (LGD2)

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

    from Caa2 (LGD5)

Outlook Actions:

-- Outlook, Changed To Positive From Rating Under Review

RATINGS RATIONALE

Moody's expects a significant improvement in GrafTech's financial
performance over the next few quarters, leading to a substantial
increase in free cash flow generation and credit metrics
approaching investment-grade levels in 2018. A combination of
improved demand from steelmakers, reduction of electrode capacity
in China for environmental reasons, and constrained needle coke
supply from major producers has resulted in a surge in pricing. The
confluence of events follows significant capacity reduction by
major producers, including GrafTech, during the weak market period
over the past few years. Under the ownership of Brookfield Asset
Management, GrafTech positioned its balance sheet for the recent
tough market environment and adopted a very focused long-term
strategy built around the company's strong and improved cost
position relative to competitors in the core graphite electrode
industry. Moody's expects that significantly higher averaged
realized prices for graphite electrodes, combined with GrafTech's
improved cost position, will result in an enormous increase in
profitability and cash flow generation in 2018.

The magnitude of improvement remains uncertain pending GrafTech's
decisions regarding customer contracts for 2018 and beyond.
GrafTech's management has not issued guidance for the upcoming
year, but industry participants have made it clear that graphite
electrode prices have already experienced a meaningful increase in
2017 and could experience further increases in 2018. Additionally,
Brookfield Asset Management Inc, which controls GrafTech through a
non-recourse subsidiary, commented during its Investor Day on
September 27, 2017 that it expects averaged realized prices of
$7,500 per ton in the first quarter of 2018 -- a mix of older
contracts and newer contracts, with new contracts well above that
level. GrafTech has restructured substantially under Brookfield's
ownership and believes that an improvement in averaged realized
prices by $500 per ton translates into an improvement of EBITDA by
$75 million. GrafTech anticipates EBITDA well above $300 million in
2018, which would translate to adjusted financial leverage below 2
times (Debt/EBITDA), compared to more than 16 times for the twelve
months ended June 30, 2017, and significant free cash flow
generation, compared to cash consumption and erosion of liquidity
since 2015.

The rating is tempered by industry-level concerns, such as the
sustainability of the increase in graphite electrode prices;
company-level operating concerns, such as the nature of customer
contracts; and company-level financial policy concerns, such as the
company's plans for its capital structure and the willingness of
the majority owners to take dividends or recapitalize during the
upcycle in the electrode industry. The expected improvement in
financial performance likely will create a credit profile capable
of supporting financing with customary terms, rather than the
restrictive terms in the current credit agreement, and give the
company an opportunity to refinance its entire capital structure if
it chooses to do so. The $300 million 6.375% Senior Notes due 2020
became callable at 101.594% as of November 15, 2017. Moody's
expects that Brookfield will also have an opportunity to monetize
its equity in GrafTech in 2018 or 2019..

Moody's also upgraded the speculative grade liquidity rating to
SGL-2 from SGL-3 based on expectations for positive free cash flow
and ample headroom under financial maintenance covenants. GrafTech
reported $16 million of cash and $153 million of availability under
its $225 million revolving credit facility after considering a
minimum liquidity requirement, cash borrowings, and letters of
credit at September 30, 2017 The expected improvement in EBITDA
will create significant headroom under the financial maintenance
covenants in the credit agreement, including a minimum EBITDA
threshold that steps up over the next few years. The speculative
grade liquidity rating could be upgraded further in the near-term
with a significant build-up in balance sheet cash or amendment of
credit facilities to more customary terms and conditions.

The positive outlook incorporates expectations for significant
improvement in financial performance and signals that the rating
could be upgraded again the near-term. Moody's could further
upgrade the rating once the company and its sponsor provide
clarification regarding GrafTech's financial policies, including
the appropriate amount of balance sheet debt, future dividend
policy, and increased clarity on the company's ability to benefit
from the current high prices over a longer horizon. Moody's could
downgrade the rating with expectations for adjusted financial
leverage above 6.0x (Debt/EBITDA), sustained negative free cash
flow, or substantive deterioration in liquidity.

The principal methodology used in these ratings was Global Chemical
Industry Rating Methodology published in December 2013.


GRAND VIEW FINANCIAL: Needs More Time To Exclusively File Plan
--------------------------------------------------------------
Grand View Financial, LLC, asks the U.S. Bankruptcy Court for the
Central District of California to extend the exclusivity periods
for the Debtor to file a Chapter 11 plan and obtain acceptance
thereof for 120 days from Dec. 15, 2017, and Feb. 13, 2018,
respectively, to April 16 and June 13, 2018, respectively.

Pursuant to Sections 1121(b) and (c) of the U.S. Bankruptcy Code, a
Chapter 11 debtor has the exclusive right to file a plan of
reorganization for a period of 120 days following the filing of the
petition and an additional 60 days thereafter to obtain acceptances
to any plan so filed.

The Debtor's case is relatively large based on the approximately 42
properties in which the Debtor has an interest with a fair market
value of approximately $29 million, the millions of dollars of
alleged secured claims purportedly secured by the Properties
pursuant to the alleged secured liens, and the unsecured notes
totaling approximately $14 million.

The Debtor's case is also relatively complex considering the
numerous avoidance actions and claim objections the Debtor will
have to assert and which the Debtor has already started to assert,
as well as the numerous Properties located in various states that
the Debtor will have to sell.

Moreover, the initiation of the Debtor's Chapter 11 case was
accompanied by substantial administrative, procedural, and
substantive requirements that the Debtor had to deal with,
including Chapter 11 compliance, meetings with the Office of the
U.S. Trustee, substantive motions, and employment applications.

The Debtor says that any plan would have to be funded from the sale
of Properties in which the Debtor has an interest.  However, in
most instances, the Debtor needs to eliminate Alleged Secured
Claims purportedly secured by the subject Property pursuant to
related Alleged Secured Liens before the Debtor can proceed to
sale.  The Debtor has initiated and will continue to initiate
Avoidance Actions and Claim Objections to clear Alleged Secured
Claims and Alleged Secured Liens.  The Debtor states that it makes
sense to allow the Debtor to proceed with its Avoidance Actions and
Claim Objections, to ascertain the success of the Avoidance Actions
and Claim Objections and, thus, the funds that may be realized from
the sale of Properties to fund a plan.

The Debtor believes that it has satisfied all post-petition
obligations to its creditors (other than on Alleged Secured Claims,
which the Debtor disputes) and paid all U.S. Trustee quarterly
fees.

The Debtor assures the Court that it has properly administered its
Chapter 11 case in that the Debtor has complied with all of the
material requirements of the Bankruptcy Code, the Bankruptcy Rules,
and the U.S. Trustee.  Under these circumstances, an extension of
the exclusivity periods for filing and obtaining confirmation of a
plan can be granted with the confidence that the Debtor is in full
compliance with the requirements that are a condition to the Debtor
maintaining its exclusive right to file a plans and gain acceptance
thereof.

                About Grand View Financial, LLC

Grand View Financial LLC is a Wyoming limited liability company,
which is in the business of acquiring distressed real property.
Grand View Financial was formed in 2015.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. C.D. Calif. Case No. 17-20125) on Aug. 17, 2017.
Steve Rogers, its managing member, signed the petition.  Levene,
Neale, Bender, Yoo & Brill LLP serves as the Debtor's legal
counsel.

At the time of the filing, the Debtor disclosed $29.88 million in
assets and $39.71 million in liabilities.

Judge Julia W. Brand presides over the case.


GULF COAST: Case Summary & 17 Largest Unsecured Creditors
---------------------------------------------------------
Debtor: Gulf Coast Maritime Supply, Inc.
        5922 Harvey Wilson Drive
        Houston, TX 77020
        Tel: (713) 672-9308

Type of Business: Gulf Coast Maritime Supply, Inc. is a
                  corporation in Houston, Texas, that acquires
                  untaxed alcohol and tobacco products and
                  sells them to commercial vessels for
                  consumption while at sea.  The company has
                  held alcohol and tobacco permits since
                  1973.

Chapter 11 Petition Date: December 20, 2017

Case No.: 17-60217

Court: United States Bankruptcy Court
       Southern District of Texas (Victoria)

Judge: Hon. David R Jones

Debtor's Counsel: Genevieve Marie Graham, Esq.
                  OKIN ADAMS LLP
                  1113 Vine St, Suite 201
                  Houston, TX 77002
                  Tel: 713-228-4100
                  E-mail: ggraham@okinadams.com

                    - and -

                  Ryan Anthony O'Connor, Esq.
                  OKIN ADAMS LLP
                  1113 Vine St, Ste 201
                  Houston, TX 77002
                  Tel: 713-228-4100
                  E-mail: roconnor@okinadams.com

                    - and -

                  Matthew Scott Okin, Esq.
                  OKIN ADAMS LLP
                  1113 Vine Street, Suite 201
                  Houston, TX 77002
                  Tel: 713-228-4100
                  Fax: 888-865-2118
                  E-mail: mokin@okinadams.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Jay Goldstein, general manager.

A copy of the Debtor's list of 17 largest unsecured creditors is
available for free at:

       http://bankrupt.com/misc/txsb17-60217_creditors.pdf

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

           http://bankrupt.com/misc/txsb17-60217.pdf



HERALD MEDIA: Dec. 21 Meeting Set to Form Creditors' Panel
----------------------------------------------------------
William K. Harrington, United States Trustee for Region 3, will
hold an organizational meeting on Dec. 21, 2017, at 10:00 a.m. in
the bankruptcy case of Herald Media Holdings, Inc.

The meeting will be held at:

               The Doubletree Hotel
               700 King Street
               Wilmington, DE 19801

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

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

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

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

                   About Boston Herald

Headquartered in Boston, Massachusetts, Boston Herald, Inc., Herald
Interactive Inc., Herald Media, Inc. and Herald Media Holdings,
Inc., collectively operate privately owned information and
entertainment businesses consisting of the flagship newspaper, The
Boston Herald, as well as a related website, internet radio
station, and mobile applications.

Herald Media Holdings, Inc., and three affiliates filed for Chapter
11 bankruptcy protection (Bankr. D. Del. Lead Case No. 17-12881) on
Dec. 8, 2017.

Herald Media reported total assets of $6.02 million and total
liabilities of $31 million as of the bankruptcy filing.

The Hon. Laurie Selber Silverstein is the case judge.
Morris, Nichols, Arsht & Tunnell LLP, is serving as lead counsel to
the Debtors.  Epiq Bankruptcy Solutions, LLC, is the claims and
noticing agent.



HKD TREATMENT: Melville Buying 2012 Ford Fusion for $6.5K
---------------------------------------------------------
HKD Treatment Options, P.C., filed with the U.S. Bankruptcy Court
for the District of Massachusetts a notice of its private sale of
its right, title and interest in 2012 Ford Fusion, VIN
3FAHPOJA3CR227828, to Christopher Melville for $6,500, subject to
higher offers.

The Buyer is a former employee of the Debtor who left its employ
Sept. 30, 2015.

The Sale will take place within seven days after the entry of an
Order granting the Debtor's Motion for Order Authorizing and
Approving Private Sale of Property of the Estate filed
contemporaneously with the Notice.  The proposed Buyer has paid the
sum of $6,500.  The terms of the proposed sale are more
particularly described in the Motion to Approve Sale filed with the
Court on Dec. 13, 2017.  The Motion to Approve Sale is available
upon request from the Debtor's counsel.

The Property 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 priorities established
under applicable law.

Objections, if any, must be filed by Jan. 18, 2018 at 5:00 p.m.

Through the Notice, higher offers for the Property are solicited.
Any higher offer must be accompanied by a cash deposit in the
amount equal to 5% of the offer and in the form of a certified or
bank check made payable to the undersigned.

A hearing on the Motion to Approve Sale, objections, or higher
offers is set for Jan. 23, 2018 at 12:30 p.m.   

The deposit will be forfeited to the estate if the successful
purchaser fails to complete the sale by the date ordered by the
Court, unless an extension has been granted.  If the sale is not
completed by the Buyer approved by the Court, the Court, without
further hearing, may approve the sale of the Property to the next
highest bidder.

                  About HKD Treatment Options

Based in Lowell, Massachusetts, HKD Treatment Options, P.C. --
http://www.hkdtreatmentoptions.com/-- provides behavioral health
counseling and treatment plans to help patients recover from
alcohol and drug addiction.

HKD Treatment Options filed a Chapter 11 petition (Bankr. D. Mass.
Case No. 17-41895) on Oct. 20, 2017.  Hung K. Do, president and
director, signed the petition.

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

Judge Elizabeth D. Katz presides over the case.

The Debtor hired Richard A. Mestone, Esq., at Mestone & Associates
LLC as its bankruptcy counsel; Good Schneider & Fried as its
special counsel; and Dennis and Associates as its accountant.


HOME CAPITAL: DBRS Hikes LongTerm Ratings to B(low)
---------------------------------------------------
DBRS Limited upgraded the long-term ratings of Home Capital Group
Inc. (HCG or the Group) to B (low) from CCC and confirmed its
short-term ratings at R-5. Additionally, DBRS upgraded the ratings
of Home Trust Company (HTC or the Trust Company), HCG's primary
operating subsidiary. The trends on all ratings are now Stable.

DBRS also upgraded HTC's Intrinsic Assessment to BB (low) from B.
The Support Assessment for HTC remains SA3, which implies no
expected systemic support for the Trust Company.

As a result of these actions, the ratings of the Group, as well as
HTC have been removed from Under Review with Positive Implications,
where they were placed on August 9, 2017.

The rating actions reflect DBRS's view that the Group is now in a
steady position with the hiring of a full complement of senior
executives who were able to restore market confidence and set clear
goals for HCG's future. In addition, deposit and liquidity levels
have stabilized. Furthermore, the repayment of funds drawn under
the credit facility provided by a subsidiary of Berkshire Hathaway
Inc. (Berkshire) and funding costs that are more contained versus
the previous quarter have allowed the Group to revert to
profitability. Lastly, mortgage renewals have regained momentum
while asset quality remains strong.

Over the last four months, the Group has made good progress in
hiring a strong management team and filling key positions. The
Board of Directors and new CEO have developed a near-term strategic
plan aimed at returning the business to a growth trajectory and
regaining lost market share by introducing competitive products,
improving the level of service to all stakeholders and most
importantly, repairing relationships with the mortgage broker
community. The completion of Project EXPO in October 2017 and the
revision of procedures and policies aimed at improving service to
mortgage brokers while adhering to risk parameters should help
bolster originations going forward. While DBRS views the near-term
strategic plan as sensible, DBRS sees returning the Group's
originations and market share to historical levels in the current
market environment as a longer-term process. Indeed, originations
totalled $385 million in Q3 2017, down 66% from the linked quarter,
while loans under administration decreased by 10% to $23.2
billion.

Importantly for the ratings, the deposit base has stabilized with
HCG reporting net inflows in Q3 2017, with deposits increasing by
2%. Positively, the Group has gradually reduced deposit rates to be
more in line with market averages after having to significantly
increase rates in order to attract deposits following the Group's
liquidity crisis in April 2017. DBRS sees the ability to return
deposit rates to those consistent with the market as demonstrating
that a level of investor confidence has been restored.
Nevertheless, HCG's current funding costs are still elevated versus
historical levels compressing the Group's net interest margin. DBRS
will look for HCG to improve its funding costs, bringing them in
line with peers, as at current levels deposit rates pose a drag on
the operating profitability of the Group and could inhibit HCG's
ability to continue to operate an originate-and-hold business
model.

Positively, the Group's aggregate liquidity position has improved
to $2.7 billion on September 30, 2017, from $1.7 billion as of June
30, 2017, the equivalent of 14% of HCG's Q3 2017 balance sheet. In
addition, with the repayment of the amounts drawn under the
emergency liquidity line and the Berkshire credit facility in Q2
2017, HCG was able to reduce its costs and report net income of $30
million for Q3 2017, versus the $111 million net loss reported in
the previous quarter. Nevertheless, DBRS expects profitability to
continue to be constrained until HCG is able to reduce it funding
costs to peer levels.

Asset quality continues to be good with impaired loans at 0.32% of
gross loans as of September 30, 2017. As with other financial
institutions active in residential mortgage lending, HCG continues
to assess the potential impact the Office of the Superintendent of
Financial Institutions' new B-20 guidelines (effective January 1,
2018) will have on originations. On the one hand, the potentially
more stringent stress tests could price some of HCG's client base
out of the market; however, HCG's management expects that it might
gain borrowers who may no longer qualify for mortgages at the
larger banks. While DBRS recognizes that such a shift in customer
mix may improve the credit profile of HCG's residential mortgage
portfolio; DBRS is also cognizant that operational risks in terms
of implementing revised processes and executing on improving broker
service pose a larger challenge for HCG in the short term.

HCG's Common Equity Tier 1 ratio rose to 21.25% during the quarter
as risk-weighted assets were reduced with the completion of
previously announced asset sales. Despite the return to
profitability in Q3 2017, no dividends were declared by the Group
as earnings retention remains key to restoring HCG's growth.

The Grid Summary Scores for HTC are as follows:

Franchise Strength - Weak;
Earnings Power - Moderate/Weak;
Risk Profile - Moderate;
Funding & Liquidity - Weak;
Capitalization - Moderate/Weak

RATING DRIVERS

Regaining market share by improving originations while sustaining
an appropriate level of profitability and maintaining sound asset
quality could lead to positive rating actions. Moreover, further
build-up of the deposit base through stable direct channels,
decreasing dependence on brokered deposits and a lowering of
funding costs in line with peer levels would be viewed positively.
Conversely, the ratings could come under pressure if HCG is unable
to improve service levels in order to repair and solidify
relationships with mortgage brokers. Furthermore, a change in the
asset mix that would lead the Group to underwrite a materially
larger proportion of commercial loans in turn shifting its focus
from its core franchise of underwriting residential mortgages, or
significant losses in the loan book that would arise from
unforeseen weakness in underwriting and/or risk management
processes could also lead to negative rating actions.

The ratings issued are:

Home Trust Company

Short Term Instruments     Upgraded to R-4
Long Term Senior Debt      Upgraded to BB(low)
Long Term Issuer Rating    Upgraded to BB(low)
Long Term Deposits         Upgraded to BB(low)
Short Term Issuer Rating   Upgraded to R-4

Home Capital Group Inc

Long Term Senior Debt      Upgraded to B(low)
Short Term Instruments     Confirmed at R-5
Short Term Issuer Rating   Confirmed at R-5
Long Term Issuer Rating    Upgraded to B(Low)


IMPERIAL CAPITAL: Court Confirms Reorganization Plan
----------------------------------------------------
Judge Shelley C. Chapman of the U.S. Bankruptcy Court for the
Southern District of New York has approved the disclosure statement
and confirmed the amended plan of reorganization filed by Imperial
Capital, LLC on October 19, 2017.

A full-text copy of Judge Chapman's order dated November 29, 2017
is available at:

            http://bankrupt.com/misc/nysb14-10236-309.pdf

                   About Imperial Capital LLC

Imperial Capital LLC is a real estate holding company that acquired
properties in Florida and New York.  

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. S.D.N.Y. Case No. 14-10236) on January 31, 2014.  Mel
Cooper, member, 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 Shelley C. Chapman presides over the case.  William H.
Salgado, Esq., served as the Debtor's bankruptcy counsel.

Salvatore LaMonica was appointed Chapter 11 trustee for the
Debtor.

The trustee hired LaMonica Herbst & Maniscalco, LLP.


INMOBILIARIA LEGUISAMO: Enters into Stipulation with Triangle REO
-----------------------------------------------------------------
Inmobiliaria Leguisamo Inc. filed an amended plan of reorganization
with the U.S. Bankruptcy Court for the District of Puerto Rico.

The debtor's liability for dministrative expenses, estimated in the
amount of $8,000.00, will be paid in full on or before the
effective date, unless agreed to a less favorable treatment between
the Debtor and the holder of the claim.

The debtor scheduled total priority claim of creditor CRIM in the
amount of $ 487.25, will be paid pro-rata no later than five years
from the filing of the petition.

The secured claim of the Department of Treasury in the amount of
$998.57 will be paid in full no later than 60 months from the
confirmation of the plan.

The debtor has reached a stipulation agreement with Triangle REO PR
Corp. regarding the treatment of the latter's claim, subject to the
following terms and conditions:

     1. Property located at Lot A State Road Rd PR-352 km 4.5
        Leguisamo Ward Mayaguez, Puerto Rico.
        (a) Establish a payment plan for 24 months with a monthly
            payment of $1,500.00 and a final payoff of
            $180,000.00.

     2. Property located at Lot B State Rd PR-352 KM 4.5
        Leguisamo Ward Mayaguez, Puerto Rico.
        (a) Establish a payment plan for 24 months with a monthly
            payment of $300.00 and a final payoff of $40,000.00.

     3. Since Triangle final, unappealabe foreclosure judgment, a
        default clause must be included to the effect that any
        default with the Stipulation shall result in the
        immediate surrender of the collaterals and/or consent to
        immediate relief from stay and/or discharge injunction
        without a hearing.

     4. If the debtor obtains additional financing in excess of
        the aforemention payments, such surplus will be forwarded
        to Triangle REO PR Corp.

     5. The Debtor shall cure delinquent property taxes over
        Triangle's collateral.

The unsecured portion of Triangle REO PR Corp's claim in the amount
of $2,151,806.92 will receive no distribution as per liquidation
value is zero.

The secured portion of CRIM's claim in the amount of $6,406.80,
will be paid pro rata during the life of the plan.

The unsecured portion of CRIM's claim, filed on 06/20/2016, in the
amount of $465.41 will be paid pro-rata payment monthly during the
life of the plan for five years.

The debtor will be able to execute the plan through the income to
be derived by the daily operation of the business and sale of
property.

A full-text copy of Inmobliaria Leguisamo's amended plan is
available at:

          http://bankrupt.com/misc/prb16-00123-212.pdf

             About Inmobiliaria Leguisamo

Inmobiliaria Leguisamo Inc. owns a commercial building in Mayaguez,
Puerto Rico.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D.P.R. Case No. 16-00123) on Jan. 13, 2016. The Debtor
is represented by Nydia Gonzalez Ortiz, Esq., at Santiago &
Gonzalez Law, LLC.


IRONCLAD PERFORMANCE: Files Joint Plan of Liquidation
-----------------------------------------------------
BankruptcyData.com reported that Ironclad Performance Wear and its
official committee of equity security holders (OECH) filed with the
U.S. Bankruptcy Court a Joint Plan of Liquidation (initial draft).
According to the Plan, "The Debtors and the OCEH (collectively, the
'Plan Proponents') believe that the Draft Plan represents the
optimal outcome for these chapter 11 bankruptcy cases.  A trust
(the 'Trust') is being established under the Plan.  On the
Effective Date, the Debtors and the trustee of the Trust (the
'Trustee') will enter into a related trust agreement (the 'Trust
Agreement') for the benefit of the Shareholders.  The Trustee will,
among other things, investigate and pursue certain claims and
causes of action that belong to the Estates and are assigned to the
Trust for the benefit of the Shareholders.  The Plan Proponents
believe that Shareholders are not impaired under the Plan.  The
Plan Proponents believe that no purpose would be served by having a
disclosure statement and disclosure statement hearing because no
voting on the Plan is required. The Plan Proponents are therefore
requesting the Court to permit the Plan Proponents to skip the
disclosure statement stage and proceed directly with a Plan
confirmation hearing.  That would save the Estates a significant
amount of money and time.  The Plan Proponents are requesting the
Court to schedule a Plan confirmation hearing at the very end of
January 2018 or early February 2018, depending upon the Court's
calendar.  The Plan Proponents would like to have until December
31, 2017 to finalize the Draft Plan (and fill in the blanks) and
the Trust Agreement and to effectuate service of a comprehensive
notice of Plan confirmation upon all creditors and Shareholders
(which service will include a copy of the actual finalized Plan
itself, along with the finalized Trust Agreement, if the Court so
requires)."

                About Ironclad Performance Wear

Ironclad Performance Wear Corporation designs and manufactures
branded performance work wear for a variety of construction,
do-it-yourself, industrial, sporting goods and general services
markets.  Since inception, the company has leveraged its
proprietary technologies to design task-specific technical gloves
and performance apparel designed to improve the wearer's ability to
perform specific job functions.

Ironclad's gloves are available through industrial suppliers,
hardware stores, home centers, lumber yards, and sporting goods
retailers nationwide; and through authorized distributors in North
America, Europe, Australia, Middle East, Asia and South America.

Ironclad Performance Wear Corp, a California corporation and
Ironclad Performance Wear Corp, a Nevada corporation sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. C.D.
Cal. Case Nos. 17-12408 and 17-12409) on Sept. 8, 2017.  Geoffrey
L. Greulich, chief executive officer, signed the petitions.  The
cases are jointly administered and are assigned to Judge Martin R.
Barash.

Ironclad California estimated assets of $10 million to $50 million
and liabilities of $1 million to $10 million.  In its schedules,
Ironclad Nevada disclosed $16.6 million in assets and $8.05 million
in debt.

Levene, Neale, Bender, Yoo & Brill L.L.P serves as counsel to the
Debtor.  Craig-Hallum Capital Group LLC is the Debtor's financial
advisor.

On Sept. 22, 2017, the U.S. Trustee appointed an official committee
of unsecured creditors in the Debtors' cases.  The committee hired
Brown Rudnick LLP as its legal counsel; and Province Inc. as
financial advisor.

An Official Committee of Equity Security Holders also has been
established in the case.  The equity panel retained Dentons US LLP
as counsel.

On Nov. 14, 2017, the Debtors entered into an Asset Purchase
Agreement with Brighton-Best International, Inc. (BBI) pursuant to
which BBI purchased from the Debtors substantially all of their
assets for (1) an aggregate amount of $25,250,000 and (2) the
assumption of certain of the Debtors' liabilities.

Pursuant to the sale, the Debtors were required to file all
necessary documents to amend their name to not include "Ironclad"
or any derivative thereof or other similar name.  The Debtors may
however may identify themselves using the words "formerly known as
Ironclad Performance Wear Corporation" or "FKA Ironclad Performance
Wear Corporation" solely in the body of Bankruptcy Court pleadings
and in a footnote on the caption page of Bankruptcy Court
pleadings. The Debtors complied.  Accordingly, on November 17,
2017, the Financial Industry Regulatory Authority (FINRA) notified
that the name change of Ironclad Performance to ICPW Liquidation
Corporation will be effective in the market as of November 20,
2017.


JACK ROSS: Court Confirms 2nd Amended Plan
------------------------------------------
Judge Bruce T. Beesley of the U.S. Bankruptcy Court for the
District of Nevada approved the second amended disclosure statement
and confirmed the second amended plan of reorganization filed by
Jack Ross Industries, LLC on Septemebr 12, 2017.

The plan was confirmed subject to the following amendments:

     A. The personal liability of Chris Parker under all
        obligations to his ex-wife Jamie Parker pursuant to their  
      
        divorce decree and related documents shall not be altered
        in any way by confirmation of the plan.

     B. All post-petition taxes owed to the Nevada Department of
        Taxation shall be current as of the effective date
        (January 1, 2018).

     C. In the event all taxes to the Nevada Department of
        Taxation are not paid within the statutory 5-year
        deadline, such taxes shall not be discharged, nor shall
        any statutory liability of responsible individuals be
        terminated, and the debtor shall continue making the
        payments set forth in the plan until such debt is paid in
        full with interest as specified in the plan.

     D. Chris Parker shall not receive a monthly salary until
        after the payments under the plan are made.

     E. All monthly operating reports shall be current and all
        fees to the Office of the United States Trustee shall be
        current as of the effective date.

A full-text copy of Judge Beesley's order dated November 29, 2017
is available at:

        http://bankrupt.com/misc/nvb16-51053-177.pdf

               About Jack Ross Industries

Jack Ross Industries, LLC, based in Reno, Nevada, operates an
indoor gun shooting range.  The Debtor also sells ammunition and
other supplies related to gun maintenance.

The Debtor filed a Chapter 11 petition (Bankr. D. Nev. Case No.
16-51053) on Aug. 24, 2016.  The petition was signed by Christopher
Parker, managing member.  The Debtor is represented by Alan R.
Smith, Esq., at the Law Offices of Alan R. Smith.  The case is
assigned to Judge Bruce T. Beesley.  The Debtor disclosed $168,100
in assets and $1.06 million in liabilities.

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

On April 3, 2017, the Debtor filed a disclosure statement, which
explains its proposed Chapter 11 plan of reorganization.


JERRY BATTEH: $85K Sale of Jacksonville Property to Niermann Okayed
-------------------------------------------------------------------
Judge Jerry A. Funk of the U.S. Bankruptcy Court for the Middle
District of Florida authorized Jerry Batteh's sale of his rental
property located at 2229 Fordham Circle North, Jacksonville,
Florida, more particularly described as Lot 10, Block 5, Lakewood,
Unit No. 7, to Dawn Niermann for $85,000.

The Debtor will obtain an updated payoff prior to the closing of
the sale.  The Creditor will receive the full amount of its payoff,
as set forth.  If the Debtor disputes the payoff amount, the Court
retains jurisdiction to determine the amount of the payoff for this
mortgage.

The Debtor will file a copy of the closing statement evidencing the
sale within 10 days of the date of the sale, and will include all
disbursements at closing on his quarterly operating report for this
period of time.

Jerry Batteh sought Chapter 11 protection (Bankr. M.D. Fla. Case
No. 11-05260) on July 18, 2011.  The Debtor's Chapter 11 Plan was
confirmed by order dated March 26, 2014.


KINDRED HEALTHCARE: Moody's Puts B2 CFR Under Review
----------------------------------------------------
Moody's Investors Service placed the ratings of Kindred Healthcare,
Inc. (Kindred), under review -- direction uncertain. This follows
the announcement that Kindred has entered into an agreement to be
acquired by Humana Inc., (A3 stable insurance financial strength
rating) and private equity firms TPG Capital (TPG) and Welsh
Carson, Anderson & Stowe (WCAS). This will be a transaction valued
at $4.1 billion, including the assumption or repayment of net
debt.

Kindred's home health, hospice and community care businesses will
be separated into a new company which will be 60% owned by TPG and
WCAS and 40% owned by Humana. Humana will have the right to buy the
majority ownership interest over time through a put/call agreement.
Kindred's long-term acute care hospitals, inpatient rehabilitation
facilities and contract rehabilitation service businesses will form
a new specialty hospital company that will be owned fully by TPG &
WCAS.

The rating review will focus on the credit profile and final
capital structure post-closing as well as the strategic plan
following the separation of existing businesses into two separate
private entities. If Kindred's debt is repaid and cancelled,
Moody's will withdraw the ratings at that time. The transaction is
expected to close in the second half of 2018.

Ratings on review -- direction uncertain:

Corporate Family Rating at B2;

Probability of Default Rating at B2-PD;

Senior secured term loan at Ba3 (LGD 2);

Senior unsecured notes at B3 (LGD 5).

Rating affirmed:

Speculative Grade Liquidity rating at SGL-2.

RATINGS RATIONALE

Notwithstanding announcement, Kindred's B2 Corporate Family Rating
(currently on review) is constrained by its high financial
leverage, which Moody's expects to remain around 6.0x (defined as
debt/EBITDA less minority interest expense) over the next 12
months. Kindred also has a high reliance on the Medicare program as
a source of revenue, exposing it to risks associated with changing
government reimbursement for post-acute care services. The credit
profile is supported by Kindred's large scale and position as one
of the largest post-acute care service providers by revenue and
sites of service. Kindred will continue to have good diversity by
service line with a significant presence across many segments of
the post-acute care continuum.

The Speculative Grade Liquidity Rating of SGL-2 reflects Moody's
expectation that Kindred will maintain good liquidity over the next
12-18 months. This will be supported by free cash flow of around
$150 million and substantial cash balances, which Moody's
anticipates will exceed $250 million by the end of 2017. Moody's
anticipates availability of over $500 million on Kindred's
asset-based lending facility over the next 12 months. Further,
Moody's anticipates adequate cushion under the financial
maintenance covenants.

Based in Louisville, Kentucky, Kindred Healthcare, Inc. is a
leading operator of long-term acute care hospitals and inpatient
rehabilitation facilities. It is also one of the largest providers
of home healthcare and hospice services as well as contract
rehabilitation services to third party facility operators in the
US. The company has nearly exited the skilled nursing facility
business. Following the completion of the exit of this business,
annual revenues will approximate $6 billion.


KINDRED HEALTHCARE: S&P Places 'B+' CCR on Watch Developing
-----------------------------------------------------------
S&P Global Ratings placed all of its ratings, including the 'B+'
corporate credit rating, on Louisville, Ky.-based Kindred
Healthcare Inc. on CreditWatch with developing implications.

The CreditWatch placement follows Kindred Healthcare's announcement
that it has signed a definitive agreement under which it will be
acquired by a consortium of three companies: TPG Capital (TPG);
Welsh, Carson, Anderson & Stowe (WCAS); and Humana Inc.

S&P said, "We expect to resolve the CreditWatch placement when the
transaction closes, and may update the CreditWatch when we have
more clarity on the organizational and capital structure under the
new ownership. Given the material change in the corporate structure
and the uncertainty relating to the redemption of the outstanding
debt, we could affirm, lower, or raise the ratings. If the existing
debt is fully extinguished, we expect to withdraw the issue-level
ratings at the current level upon the consummation of the
transaction. If the new owners will assume some of the debt, we
will reassess the ratings according to the future capital structure
and incorporating the level of implied support from Humana, if
any.

"With respect to Kindred at Home, we could potentially assign a
higher rating than the existing 'B+' corporate rating on Kindred,
while we could potentially assign a lower rating to the specialty
hospital company, if its capital structure is highly leveraged."


LA CONTENTA: Voluntary Chapter 11 Case Summary
----------------------------------------------
Debtor: La Contenta Investors, a California limited partnership
        9880 Orr Road
        Galt, CA 95632

Type of Business: Founded in 1987, La Contenta Investors is in the

                  public golf courses industry.  Its principal
                  assets are located at 1653 S. Highway 26 Valley
                  Springs, CA 95252.

Chapter 11 Petition Date: December 20, 2017

Case No.: 17-28224

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

Judge: Hon. Robert S. Bardwil

Debtor's Counsel: David C. Johnston, Esq.
                  DAVID C. JOHNSTON
                  1600 G Street, Suite 102
                  Modesto, CA 95354
                  Tel: 209-579-1150

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Ryan C. Voorhees, managing member of Old
Mother Lode, LLC, general partner.

The Debtor did not file a list of 20 largest unsecured creditors
together with the petition.

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

          http://bankrupt.com/misc/caeb17-28224.pdf


LAKESHORE PROPERTIES: Taps RealtyMasters as Real Estate Broker
--------------------------------------------------------------
Lakeshore Properties of South Florida, LLC seeks approval from the
U.S. Bankruptcy Court for the Southern District of Florida to hire
a real estate broker.

The Debtor proposes to employ RealtyMasters Commercial Corp. in
connection with the sale of its approximately 2,223 acres of
farmland in Okeechobee County, Florida.

The firm will receive a 4% commission if the property is sold with
a cooperating broker and 3% if sold without a cooperating broker.

Michael Christopher, a real estate broker employed with
RealtyMasters, disclosed in a court filing that the firm is a
"disinterested person" as defined in section 101(14) of the
Bankruptcy Code.

The firm can be reached through:

     Michael Christopher
     RealtyMasters Commercial Corp.
     1015 North Powerline Road
     Ft. Lauderdale, FL 33311
     Phone: (954) 727-9000

                    About Lakeshore Properties

Formed in 2002, Lakeshore Properties of South Florida, is a Florida
Limited Liability Company engaged in activities related to real
estate.  Its principal assets are located in Okeechobee County,
Florida.

The Debtor filed for Chapter 11 bankruptcy protection (Bankr. S.D.
Fla. Case No. 17-21866) on Sept. 28, 2017, estimating its assets
and liabilities a estimating its assets at up to $50,000 and its
liabilities at $10 million and $50 million.

Judge Robert A. Mark presides over the case.

Nicholas B. Bangos, Esq., at Nicholas B. Bangos, P.A., serves as
the Debtor's bankruptcy counsel.

The petition was signed by Manuel C. Diaz, its managing member.


LAS FLORES: Taps Dibble & Miller as Legal Counsel
-------------------------------------------------
Las Flores, Inc. seeks approval from the U.S. Bankruptcy Court for
the Western District of New York to hire Dibble & Miller, P.C. as
its legal counsel.

The firm will advise the Debtor regarding its duties under the
Bankruptcy Code; review and help resolve claims against its estate;
assist in the preparation of a plan of reorganization; and provide
other legal services related to its Chapter 11 case.

The firm charges an hourly fee of $300 for the services of its
attorneys and $180 for paralegal services.

Kristen Flores-Fratto, a principal of the Debtor, paid Dibble &
Miller a pre-bankruptcy retainer in the sum of $5,000, and will pay
the firm an additional $20,000 as a post-petition retainer.

Mikal Krueger, Esq., disclosed in a court filing that the firm does
not have a potential or actual conflict with the Debtor.

Dibble & Miller can be reached through:

     Mikal J. Krueger, Esq.
     Dibble & Miller, P.C.
     55 Canterbury Road
     Rochester, NY 14607
     Phone: (585) 271-1500

                        About Las Flores Inc.

Las Flores, Inc., which conducts business under the name The
Gatehouse Cafe, is a restaurant located within Village Gate in the
City of Rochester.

Las Flores sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. W.D.N.Y. Case No. 17-21302) on December 7, 2017.  At
the time of the filing, the Debtor disclosed that it had estimated
assets of less than $50,000 and liabilities of $500,000.


LONESTAR RESOURCES: Moody's Assigns Caa2 Rating to New Sr. Notes
----------------------------------------------------------------
Moody's Investors Service assigned a Caa2 rating to Lonestar
Resources America Inc.'s (Lonestar) new senior unsecured notes. The
company's Caa1 Corporate Family Rating (CFR), Caa1-PD Probability
of Default Rating (PDR), SGL-3 Speculative Grade Liquidity (SGL)
rating and stable outlook are unchanged. The net proceeds from the
new notes will be used to repay the notes due 2019 and partially
repay revolver borrowings. The ratings on the notes due 2019 will
be withdrawn after the notes are repaid.

"The issuance of the new notes will improve the company's liquidity
by extending the maturity of its long-term debt and increasing the
available borrowing capacity under the revolving credit facility,"
stated James Wilkins, Moody's Senior Analyst.

The following summarizes the ratings activity:

Ratings assigned

Issuer: Lonestar Resources America Inc.

-- Senior Unsecured Regular Bond/Debentures, assigned Caa2
    (LGD 5)

RATING RATIONALE

Lonestar's senior notes are rated Caa2, one notch below the Caa1
CFR, consistent with Moody's Loss Given Default Methodology. This
reflects the unsecured nature of the notes and the first lien
revolving credit facility's more senior priority claims to the
company's assets.

Lonestar's Caa1 CFR reflects the company's modest scale, elevated
leverage and expectations that the company will grow production and
improve its credit metrics as it returns to higher capital spending
to develop its reserves. The company had retained cash flow to debt
of 11% and debt to average daily production of $38,000 as of
September 30, 2017. Moody's expect that Lonestar's leverage metrics
will improve as its profits grow in line with the increase in oil &
gas production. The company expects its leverage ratio will be in
the mid 2x range by year-end 2018, based on capital spending of $95
- $100 million in 2018. The company benefits from its oil-weighted
production and reserve profile (69% of Q3 2017 production and 60%
of year-end 2016 proved reserves) and hedge position. The company
has hedges on 70% of its expected 2018 oil production (at
$51.79/bbl) and 52% of expected 2019 oil production (at
$48.90/bbl). Lonestar's Caa1 is constrained by the company's
small-scale operations (average daily production of 7.7 mboe/d in
Q3 2017), large percentage of undeveloped acreage that will require
significant capital spending to develop and limited operating
history. The company's scale still remains small compared to peers
and the single basin (Eagle Ford) focus also constrains its
rating.

The SGL-3 Speculative Grade Liquidity Rating reflects Moody's
expectations that Lonestar will have adequate liquidity through
2018 supported by its modest cash balance ($5 million as of
September 30, 2017), cash flow from operations and revolving credit
facility. The revolving credit facility borrowing base was $160
million as of September 30, 2017, and it will mature on July 28,
2020, once the notes due 2019 are repaid. The company would have
had $91 million of available revolver borrowing capacity as of
September 30, 2017, on a pro forma basis after adjusting for the
issuance of the new notes and the effect of the automatic reduction
in the borrowing base by $25 million. Moody's expects that Lonestar
will remain reliant on its revolving credit facility. The revolving
credit facility has two financial covenants -- a maximum leverage
covenant (4.0x) and a minimum current ratio of 1x. Moody's expects
that Lonestar will comply with its financial covenants through
2018, but with a modest cushion.

The stable outlook reflects Moody's expectation that the company's
leverage metrics will improve through 2018 as the company grows
production. An upgrade could be considered if the company's
production exceeds 15,000 boe per day on a sustained basis while
maintaining retained cash flow to debt above 15%. The ratings could
be downgraded if Lonestar's RCF to debt declines to below 5% on a
sustained basis or if the company's liquidity position
deteriorates.

The principal methodology used in this rating was Independent
Exploration and Production Industry published in May 2017.

Lonestar Resources America, Inc., a wholly-owned subsidiary of
Lonestar Resources US Inc. (NASDAQ: LONE) headquartered in Fort
Worth, Texas, is an independent exploration and production company
with operations focused on the Eagle Ford Shale.


LUNDIN MINING: Moody's Hikes CFR to Ba2 on Debt Reduction
---------------------------------------------------------
Moody's Investors Service upgraded Lundin Mining Corporation's
Corporate Family (CFR) rating to Ba2 from Ba3, Probability of
Default Rating to Ba2-PD from Ba3-PD and senior secured note
ratings to Ba2 from Ba3. This concludes the review for upgrade
initiated on October 20, 2017. At the same time, Lundin's
Speculative Grade Liquidity Rating (SGL) was affirmed at SGL-1. The
ratings outlook is stable.

"Lundin's rating was upgraded because debt has been reduced by over
half, adjusted debt/EBITDA will be about 0.6x and cash will exceed
debt by nearly three times.", said Jamie Koutsoukis, Moody's Senior
Analyst.

Lundin redeemed its $550 million of 7.50% senior secured notes due
2020 on November 20, 2017, leaving it with remaining adjusted debt
of $470 million and cash of $1.5 billion.

Issuer: Lundin Mining Corporation

Upgrades:

-- Probability of Default Rating, Upgraded to Ba2-PD from Ba3-PD

-- Corporate Family Rating, Upgraded to Ba2 from Ba3

-- Senior Secured Regular Bond/Debenture, Upgraded to Ba2 (LGD4)
    from Ba3 (LGD4)

Affirmations:

Issuer: Lundin Mining Corporation

-- Speculative Grade Liquidity Rating, Affirmed SGL-1

Outlook Actions:

Issuer: Lundin Mining Corporation

-- Outlook, Changed To Stable From Rating Under Review

RATINGS RATIONALE

Lundin's Ba2 CFR is driven by its moderate scale, a concentration
of cash flows at its two largest mines, recent operating challenges
at Candelaria, low leverage, excellent liquidity and low
geopolitical risk. Lundin's 80%-owned Candelaria mine in Chile has
accounted for over 60% of operating earnings for the first nine
months of 2017, exposing the company to potential material
reductions in cash flow should the mine encounter operational
issues. This risk has been highlighted by the announcement that
production at Candelaria will be about 20% lower in 2018, compared
to previous guidance, under a revised life-of-mine plan which
incorporates new phase designs, production sequences, mine and mill
investment initiatives, as well as addresses a recent rock slide.
These revisions are expected to increase costs at the mine and
reduce the company's earnings in 2018 relative to 2017. Though
credit negative, the company's credit metrics will remain strong
with leverage of 0.6x expected at the end of 2018.

Lundin's liquidity is excellent (SGL-1), consisting of about US$1.5
billion of cash (proforma the November debt repayment) and full
availability under its US$350 million revolving credit facility
(matures June 2020). Lundin is expected to consume about $300
million of free cash flow in 2018 because of a large capital spend
planned in 2018 ($850 million) which includes amounts for its
announced 10-year development plan at Candelaria ($1.3-billion from
2018 through 2021). However this can be fully funded by available
cash. The company will maintain good headroom to bank maintenance
covenants and has no debt maturities until 2022 ($450 million).

The stable ratings outlook reflects Moody's expectation that Lundin
will maintain its conservative financial policies and leverage will
not exceed 1.5x. It also assumes any project development spending
will be funded with its sizeable cash balance.

Lundin's CFR could be upgraded if the company is able to reduce its
mine concentration risk, particularly its reliance on Candelaria,
generate positive free cash flow and maintain adjusted debt/EBITDA
below 1.5x (1.1x at Q3/17)

Lundin's rating could be downgraded if the company experiences
further operating challenges at Candelaria that result in
production not improving in 2019 and beyond, or costs do not fall
$1.50/lb in 2019. The rating could also be downgraded if adjusted
leverage is sustained above 2x (1.1x at Q3/17).

Headquartered in Toronto, Ontario, Lundin wholly-owns an
underground copper/ zinc mine in Portugal (Neves-Corvo), an
underground zinc/ lead mine in Sweden (Zinkgruvan), and an
underground nickel/ copper mine in Michigan (Eagle). It also owns
80% of the Candelaria copper mine in Chile. Lundin's revenues were
$1.5 billion in 2016.


M & G USA: Committee Taps Gattai Minoli as Italian Counsel
----------------------------------------------------------
The official committee of unsecured creditors of M&G USA Corp.
seeks approval from the U.S. Bankruptcy Court for the District of
Delaware to hire Gattai, Minoli, Agostinelli, Partners as its
special counsel.

The firm will represent the committee in the Italian proceedings
involving M&G and the other companies of the Mossi & Ghisolfi group
based in Italy.

The firm's hourly rates range from $600 to $860 for partners, $460
to $580 for counsel, $200 to $480 for associates, and $100 to $150
for legal assistants.

Gaetano Carrello, Esq., disclosed in a court filing that the firm
does not represent and will not represent any entity other than the
committee in matters related to M&G's Chapter 11 case or the
Italian proceedings.

In accordance with Appendix B-Guidelines for reviewing fee
applications filed by attorneys in larger Chapter 11 cases, Mr.
Carrello disclosed that his firm has not agreed to any variations
from, or alternatives to, its standard or customary billing
arrangements for its employment with the committee; and that no
professional at the firm has varied his rate based on the
geographic location of the case.

Mr. Carrello further disclosed that Gattai has not represented the
committee prior to the petition date, and that the firm is in the
process of developing a prospective budget and staffing plan for
the committee's review and approval.

The firm can be reached through:

     Gaetano Carrello, Esq.
     Gattai, Minoli, Agostinelli, Partners
     Via Manzoni, 30 - 20121
     Milano
     Tel: +39 02.30323232
     Fax: +39 02.30323242
     Email: gcarrello@gattai.it
     Email: gcarrello@gmaplex.it
     Email: infomilano@gattai.it
     Email: infomilano@gmaplex.it

                    About M & G USA Corporation

M & G USA Corporation and affiliates sought Chapter 11 protection
(Bankr. D. Del. Lead Case No. 17-12307) on October 30, 2017.  The
petition was signed by Dennis Stogsdill, their chief restructuring
officer.

Judge Brendan L. Shannon presides over the cases.

Jones Day represents the Debtors as their bankruptcy counsel. The
Debtors hired Pachulski Stang Ziehl & Jones LLP as conflicts
counsel and co-counsel; Crain Caton & James, P.C. as special
counsel; Alvarez & Marsal North America, LLC as restructuring
advisor; Rothschild Inc. and Rothschild S.p.A. as financial
advisors and investment bankers; and Prime Clerk LLC as
administrative advisor.

At the time of filing, the Debtors estimate $1 billion to $10
billion both in assets and liabilities.

Founded in 1953, M&G Group is a privately owned chemical company in
Italy and is controlled through the holding company M&G Finanziaria
S.p.A. The M&G Group -- specifically, its chemicals division, which
includes the Debtors -- is a producer of polyethylene terephthalate
resin for packaging applications.

On November 13, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  The Committee hires
Milbank, Tweed, Hadley & McCloy LLP as its legal counsel; Cole
Schotz, as Delaware co-counsel; Berkeley Research Group, LLC as
financial advisor; and Jefferies LLC, as investment banker.


MARCANTONIO ENTERPRISES: Seeks January 15 Plan Filing Extension
---------------------------------------------------------------
Marcantonio Enterprises, LLC, requests the U.S. Bankruptcy Court
for the Western District of Texas to extend for approximately 30
days the exclusivity deadlines for filing and obtaining acceptances
of a Plan, until January 15, 2018 and February 14, 2018,
respectively.

The Debtor has requested no prior extensions of the exclusivity
deadlines.  Absent the requested extension, the Debtors' initial
Exclusive Filing Period was slated to expire December 18 and the
Exclusive Solicitation Period is slated to expire February 14,
2018.

The Debtor claims that it is solvent and will be able to propose a
plan of reorganization that pays 100% of all allowed
administrative, priority, secured and general unsecured claims in
this case.  The Debtor asserts that it has reasonable prospects for
filing a viable plan, as the total assets of the Debtor exceed its
total liabilities (included the disputed debt and debt owed to
insiders) by more than $2,000,000.

The Debtor relates that its case was originally filed as a small
business case as the Debtor's aggregate non-contingent liquidated
debts (excluding debts owed to insiders or affiliates) are less
than $2,566,050.  However, it was brought to the attention of
Debtor's counsel that the provisions of 11 U.S.C. Section 101(51D)
exclude debtors "whose primary business activities involve the
business of owning or operating real property or activities related
thereto." Therefore, the Debtor filed an Amended Voluntary Petition
removing the small business designation on September 28, 2017.

The Debtor claims that in the last 45 days, its counsel has had to
attend to a number of deadlines and hearings associated with five
pending Chapter 11 cases, including two cases set for confirmation
hearings and two recent filings before the Court concerning very
large single-asset commercial real estate cases. In addition,
counsel had a lengthy and complex appellate brief due in U.S.
District Court on December 11, 2017, on a case with an 8,000-page
record from a 7-day trial.  Therefore, the Debtor contends that its
counsel was not able to complete a plan and disclosure statement
for the Debtor in this case.

               About Marcantonio Enterprises LLC

Based in New Braunfels, Texas, Marcantonio Enterprises, LLC, is a
small business debtor as defined in 11 U.S.C. Sec. 101(51D).  
Marcantonio is a single member limited liability corporation based
in New Braunfels, Texas, which is involved in the real estate
business.  The Company, through its sole member, acquires
commercial real estate to improve and rent to commercial tenants or
to sell.

Marcantonio Enterprises sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D. Tex. Case No. 17-51968) on Aug. 18,
2017.  Ralph M. Marcantonio, its member, signed the petition.

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

Judge Craig A. Gargotta presides over the case.

H. Anthony Hervol, Esq., at the Law Office of H. Anthony Hervol,
serves as the Debtor's bankruptcy counsel.


MAUI MAX: Taps Cain & Herren as Legal Counsel
---------------------------------------------
Maui Max LLC seeks approval from the U.S. Bankruptcy Court for the
District of Hawaii to hire Cain & Herren, ALC as its legal
counsel.

The firm will advise the Debtor regarding its duties under the
Bankruptcy Code; assist in the preparation of a plan of
reorganization; and provide other legal services related to its
Chapter 11 case.

Michael Collins, Esq., the attorney who will be handling the case,
will charge $275 per hour.  His firm received $2,500 for the
preparation and filing of the Debtor's bankruptcy case.

Mr. Collins disclosed in a court filing that his firm does not hold
or represent any interest adverse to the Debtor's estate.

The firm can be reached through:

     Michael J. Collins, Esq.
     David W. Cain, Esq.
     Cain & Herren, ALC
     2141 West Vineyard Street
     Wailuku, HI 96793
     Tel: (808) 242-9350
     Fax: (808) 242-6139
     Email: mike@cainandherren.com
     Email: law@cainandherren.com

                        About Maui Max LLC

Maui Max LLC sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. Hawaii Case No. 17-01284) on December 12, 2017.
Judge Robert J. Faris presides over the case.  At the time of the
filing, the Debtor disclosed that it had estimated assets of less
than $1 million and liabilities of less than $500,000.


MCDERMOTT INT'L: Moody's Puts B1 CFR on Review for Upgrade
----------------------------------------------------------
Moody's Investors Service placed McDermott International, Inc.'s B1
Corporate Family rating (CFR), B1-PD Probability of Default Rating,
and B2 senior secured note rating under review for upgrade. The
Speculative Grade Liquidity rating was changed to SGL-2 from SGL-3
to reflect the establishment of a revolving borrowing sublimit when
the company amended its credit agreement in June 2017.

On Review for Upgrade:

Issuer: McDermott International, Inc.

-- Corporate Family Rating, Placed on Review for Upgrade,
    currently B1;

-- Probability of Default Rating, Placed on Review for Upgrade,
    currently B1-PD;

-- $500 million senior secured 2nd lien notes, Placed on Review
    for Upgrade, currently B2(LGD4)

Outlook Actions:

-- Outlook, Changed To Rating Under Review From Positive

Upgrade:

-- Speculative Grade Liquidity Rating, Changed to SGL-2 From SGL-
    3

RATINGS RATIONALE

The review is prompted by the agreement between McDermott and CB&I
(unrated) to combine in an all-stock transaction. The transaction
has been approved by the Boards of both companies and is expected
to be completed in the second quarter of 2018. It remains subject
to regulatory antitrust approvals, approval by McDermott's and
CB&I's shareholders and other customary closing conditions. Upon
completion of the transaction, McDermott shareholders will own
approximately 53% of the combined company and CB&I shareholders
will own approximately 47%. The estimated enterprise value of the
transaction is approximately $6 billion based on the closing share
price of McDermott on December 15, 2017. The review of McDermott
for upgrade reflects the anticipated improvements to the credit
profile of the company after the transaction with CB&I. While the
pro forma consolidated debt levels will be substantially higher
than McDermott's current level, the combined entity will benefit
from significantly greater scale, broader geographic, end market
and customer diversity and expanded technical capabilities.

McDermott's credit metrics had become very strong for its B1 rating
due to its recent positive operating performance and the pro forma
metrics of the combined companies will be strong for the rating as
well. The company's rating had been constrained by its softening
backlog of orders and its reliance on Saudi Aramco for the majority
of its revenues and order backlog. However, the company was
recently awarded several sizeable projects that helped to fill its
2018 revenue pipeline and the potential combination with CB&I will
result in a company with significantly greater scale, broader
diversity and expanded technical capabilities. The combined company
will have revenues of about $10 billion and a backlog of about
$14.5 billion versus $3 billion in revenues and a backlog of only
$2.4 billion at McDermott as of September 2017. In addition, the
companies anticipate potential cost synergies of about $250
million.

The companies announced their intention to establish a $1.8 billion
term loan and a $1.5 billion bridge loan when the merger is
complete. This compares to only about $500 million of outstanding
debt at McDermott as of September 2017. Moody's estimates the
combined leverage ratio (debt/EBITDA) will rise to slightly above
3.0x from 1.7x on a standalone basis and the interest coverage
ratio (EBITA/Interest Expense) will decline to around 3.0x from
3.4x. These metrics will be somewhat strong for the B1 rating.
The review will consider the consummation of the transaction as
currently proposed and the combined entity's capital structure and
its credit metrics, in particular its leverage, interest coverage
and free cash flow as a percentage of its outstanding debt.
Furthermore, the review will evaluate the expected synergies of
$250 million, and the business and financial strategies of the
combined entities.

McDermott's SGL-2 speculative grade liquidity rating reflects the
expectation it will maintain a good liquidity profile. The company
had an unrestricted cash balance of $416 million as of September
2017 and full availability on the $300 million revolving borrowing
sublimit that was established when it amended its credit agreement
in June 2017.

The amendment increased its letter of credit capacity by $360
million to $810 million, established a $300 million revolving cash
sublimit and extended the maturity date to June 2022 from April
2019 provided McDermott's existing $500 million senior secured
notes due April 2021 are repaid by December 2020. If the notes are
not repaid by that date, then the maturity date will be December
2020.

McDermott International, Inc. (McDermott) is a full-service
integrated engineering and construction company that provides
engineering, procurement, construction and installation (EPCI) and
module fabrication services exclusively to the upstream offshore
oil & gas sector. McDermott provides both shallow water and deep
water construction services and delivers and installs fixed and
floating production facilities, pipeline installations and subsea
systems. Its customers include national, major integrated and other
oil and gas companies. During the twelve months ended September 30,
2017 the company reported revenues of approximately $2.9 billion
with about 66% generated in The Middle East (MEA), 27% in Asia
(ASA), and 7% in the Americas, Europe and Africa (AEA).


MEHRI AKHLAGHPOUR: U.S. Trustee Appoints 3-Member Committee
-----------------------------------------------------------
The U.S. Trustee appointed three members to the official committee
of unsecured creditors to the Chapter 11 case of Mehri
Akhlaghpour.

The Committee members are:

   (1) Mehrdad Vafi
       Representative: Farrah Mirabel
       145 N. Almoni Dr., #309
       West Hollywood, CA 90048
       Tel: (714) 972-0707
       Fax: (949) 417-1796
       E-mail: fmesq@fmirabel.com

   (2) T.J. Metal Manufacturing, Inc.
       Representative: Bartolo Carrillo, Jr.
       11500 W. Olympic Blvd., Ste 400
       Los Angeles, CA 90064
       Tel: (310) 724-5667
       Fax: (213) 382-1354
       E-mail: bart.carrillo@thecarillolawgroup.com

   (3) XIFIN, Inc.
       Representative: Tammy Lawrence
       12225 El Camino Real
       San Diego, CA 92130
       Tel: (858) 436-2902
       Fax: (858) 793-5701
       E-mail: tlawrence@xifin.com

Mehri Akhlaghpour filed a Chapter 11 Petition (Bankr. C.D. Cal.,
Case No. 17-12739) on October 11, 2017, and is represented by
Giovanni Orantes, Esq.


MIDWEST ASPHALT: Sale of All Assets to Callidus for $13.5M Approved
-------------------------------------------------------------------
Judge William J. Fisher of the U.S. Bankruptcy Court for the
District of Minnesota authorized Midwest Asphalt Corp. and
affiliates to sell all their assets, including but not limited to
all their real and personal property of any kind, Callidus Capital
Corp. or its assignee or designee, including MWA Acquisition, II
LLC, for $13,500,000 by credit bid.

The sale hearing was held on Dec. 15, 2017.

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

No brokers were involved in consummating the sale or the
transactions, and no brokers' commissions are due to any "person"
in connection with the sale or the transactions.

Notwithstanding the provisions of Federal Rules of Bankruptcy
Procedure 6004(h) and 6006(d) and Federal Rule of Civil Procedure
62(a), the Order will not be stayed, but will be effective and
enforceable immediately upon entry.

                      About Midwest Asphalt

Midwest Asphalt Corporation is a construction company, primarily in
the business of constructing and paving roads.  Midwest Asphalt has
been in business since 1968. The Company currently employs
approximately 150 people.  The seasonal work begins to grow in
April, reaches its peak in June and July, and is completed in
November each year.

Midwest Asphalt, based in Hopkins, Minnesota, filed a Chapter 11
petition (Bankr. D. Minn. Case No. 17-40075) on Jan. 12, 2017.
Blair Bury, president, signed the petition.  The case is jointly
administered with the case of MAR Farms, LLC (Bankr. D. Minn. Case
No. 17-41371) and Delta Milling, LLC (Bankr. D. Minn. Case No.
17-41372).

The Debtor estimated assets and debt at $10 million to $50 million
at the time of the filing.

The case is assigned to Judge Katherine A. Constantine.  

The Debtor is represented by Thomas Flynn, Esq., at Larkin
Hoffman.

Daniel M. McDermott, the U.S. Trustee for Region 12, on Feb. 2,
2017, appointed two creditors of Midwest Asphalt to serve on the
official committee of unsecured creditors. The committee members
are: (1) WD Larson/Allstate Peterbilt; and (2) Tiller Corporation.
The U.S. Trustee, on March 16, 2017, added LSREF2 Cobalt LLC to the
Committee.  

The Committee retained Matthew R. Burton, Esq., at Leonard,
O'Brien, Spencer Gale & Sayre, Ltd., as legal counsel.


MIKE FARRELL'S: Jan. 22 Plan Confirmation Hearing
-------------------------------------------------
Judge Mark A. Randon of the U.S. Bankruptcy Court for the Eastern
District of Michigan has approved the corrected second amended
disclosure statement filed by Mike Farrell's Detroit Wrecker Sales,
LLC, on November 28, 2017.

January 12, 2018 was fixed as the last day for filing written
acceptances or rejections of the Plan.

Hearing on the confirmation of the Plan was set to January 22, 2018
at 11:00 a.m.

Written objections to confirmation of the Plan shall be filed no
later than January 12, 2018.

        About Mike Farrell's Detroit Wrecker Sales

Mike Farrell's Detroit Wrecker Sales, LLC, designs, manufactures
and sells and services towing equipment nationally.  Mike Farrell's
filed a Chapter 11 petition (Bankr. E.D. Mich. Case No. 17-53308)
on Sept. 22, 2017.  Jeffrey J. Sattler, Esq., and Kim K. Hillary,
Esq., at Schafer & Weiner PLLC, serve as the Debtor's bankruptcy
counsel.


MNM HOLDINGS: U.S. Trustee Unable to Appoint Committee
------------------------------------------------------
The U.S. Trustee was unable to appoint an official committee of
unsecured creditors in the Chapter 11 case of MNM Holdings LLC,
according to the statement filed with the U.S. Bankruptcy Court for
the Northern District of West Virginia.

              About MNM Holdings and D&M Investments

Based in Morgantown, West Virginia, MNM Holdings LLC, is a small
business debtor as defined in 11 U.S.C. Section 101(51D).  The
company is in the real estate leasing business.  D&M Investments,
Inc., operates public hotels and motels.

MNM Holdings LLC (Bankr. N.D. W.Va., Case No. 17-01104) and D&M
Investments, Inc. (Bankr. N.D. W. Va., Case No. 17-01105) filed a
Chapter 11 Petition on November 3, 2017.  The case is assigned to
Hon. Patrick M. Flatley.

The Debtors are represented by Salene Rae Mazur Kraemer, Esq.,
Mazurkraemer Business Law, in Canonsburg, Pennsylvania.

At the time of filing, MNM Holdings LLC, disclosed $1 million-$10
million in both assets and liabilities.  D&M Investments also
disclosed $1 million-$10 million in both assets and liabilities.

The petitions were signed by Alan B. Mollohan, managing member.


MONADNOCK BREWING: Shareholder Seeks to Terminate Exclusivity
-------------------------------------------------------------
Trevor Bonnette, a 50% shareholder and one of the two directors of
Monadnock Brewing Company, Inc., asks the U.S. Bankruptcy Court for
the District of New Hampshire to terminate the exclusivity period
because there is a deadlock on the board, the Debtor cannot
effectively reorganize, and Bonnette wishes to file a plan of
reorganization for the Debtor.

Bonnette believes there is cause to terminate the exclusivity
period since: (1) the board is deadlocked and cannot act; (2) the
Court would have to choose which 50% owner gets to be the Debtor
and is protected by exclusivity, an impossible task; (3) Bonnette
has his own 100% plan, which he is prepared to file if given
permission by the Court either as the Debtor or an interested
party; and (4) terminating exclusivity levels the playing field
between the two factions of the Debtor allowing the case to move
forward.

Bonnette has filed a Motion for Appointment of a Chapter 11
Trustee, arguing that he was frozen out of voting to put the Debtor
in bankruptcy and he has been frozen out of management since the
bankruptcy has been filed. Bonnette says he has a 50% vote in the
Debtor, and has not authorized any action on behalf of the Debtor,
which needs majority vote. The board members are opposed to each
other and will never agree on the disposition of the Debtor.

Bonnette asserts that the Debtor is a startup business that has
never operated. Bonnette has put substantial sums into the business
and maintains that Mary and Jerry L. Henry, the other shareholders,
have improperly taken money out of the Debtor.

Rather than seek to dismiss this unauthorized bankruptcy, Bonnette
seeks to file a reorganization plan that subordinates his claim
against the Debtor and pays all of the general unsecured creditors
in full in cash upon the effective date of the plan. Arguably
Bonnette can try to do this as the Debtor, since he owns 50% of the
company. However, in order for this to occur, the Court would have
to displace management that filed this bankruptcy case, or more
accurately choose between management as to who is the Debtor.
Bonnette claims that this circumstance creates problems since both
management factions need a majority to act, and neither has a
majority.

Keene, New Hampshire-based Monadnock Brewing Company, Inc. --
https://www.monadnockbrewing.com/ -- filed for Chapter 11
bankruptcy protection (Bankr. D. N.H. Case No. 17-11697) Dec. 7,
2017, listing under $1 million in both assets and liabilities.
Peter N. Tamposi, Esq., at The Tamposi Law Group, serves as counsel
to the Debtor.


NAVILLUS TILE: Seeks to Hire Teneo & Appoint CRO
------------------------------------------------
Navillus Tile, Inc. seeks approval from the U.S. Bankruptcy Court
for the Southern District of New York to hire Teneo Capital, LLC
and designate Christopher Wu as its chief restructuring officer.

Mr. Wu, senior managing director of Teneo, and his firm will assist
the Debtor in restructuring its debt; review the Debtor's financial
condition and business plan; assist in formulating and negotiating
the terms of a restructuring, plan of reorganization or
recapitalization transaction; provide communications support to the
Debtor's strategic objectives; and provide other services related
to its Chapter 11 case.

Teneo will receive a monthly fee of $70,000, and a retainer in the
sum of $70,000.

Mr. Wu disclosed in a court filing that his firm does not hold or
represent any interest adverse to the Debtor's estate.

The firm can be reached through:

     Christopher K. Wu
     Teneo Capital, LLC
     280 Park Avenue, 4th Floor
     New York, NY 10017
     Tel: +1 (212) 886 1600
     Fax: +1 (212) 886 9399
     Email: Info@TeneoHoldings.com

                        About Navillus Tile

Navillus Tile Inc., is one of the largest subcontractors and
general contractors in New York, specializing as a high-end
concrete and masonry subcontractor on large private and public
construction projects in the New York metropolitan area.  Navillus
works closely with many of New York's most prominent architects,
builders, owners, government agencies and institutions and is
pre-qualified by numerous commercial and government agencies.

Navillus operates its business from a midtown Manhattan
headquarters which it has leased since 2015.

Donal O'Sullivan, which founded the business with his brothers, is
the sole director, president and chief executive officer of
Navillus.

Navillus Tile filed for Chapter 11 bankruptcy (Bankr. S.D.N.Y. Case
No. 17-13162) on Nov. 8, 2017, estimating $100 million to $500
million in assets and debt.

Judge Sean H. Lane is the case judge.  Cullen and Dykman LLP is the
Debtor's legal counsel.

On November 28, 2017, the U.S. Trustee for Region 2 appointed an
official committee of unsecured creditors.


NAVILLUS TILE: Taps Garden City Group as Administrative Advisor
---------------------------------------------------------------
Navillus Tile, Inc. seeks approval from the U.S. Bankruptcy Court
for the Southern District of New York to hire Garden City Group,
LLC as its administrative advisor.

The firm will provide bankruptcy administrative services, which
include managing the solicitation and tabulation of votes in
connection with any Chapter 11 plan filed by the Debtor; assisting
with claims reconciliation; managing the publication of legal
notices; and overseeing any distributions made pursuant to the
plan.

The firm's hourly rates are:

     Administrative, Mailroom & Claims Control     $45 - $55
     Project Administrators                        $70 - $85
     Project Supervisors                          $95 - $110
     Graphic Support & Technology Staff          $100 - $200
     Project Managers/Senior Project Managers    $125 - $175
     Directors/Asst. Vice-Presidents             $200 - $295
     Vice-Presidents and above                          $295

Craig Johnson, assistant vice-president for operations of Garden
City Group, disclosed in a court filing that his firm is a
"disinterested person" as defined in section 101(14) of the
Bankruptcy Code.

Garden City Group can be reached through:

     Craig E. Johnson
     Garden City Group, LLC
     1985 Marcus Ave.
     Lake Success, NY 11042
     Garden City Group, LLC
     Phone: (800) 327-3664/631-470-1866
     Email: craig.johnson@choosegcg.com
     Email: info@choosegcg.com

                        About Navillus Tile

Navillus Tile Inc., is one of the largest subcontractors and
general contractors in New York, specializing as a high-end
concrete and masonry subcontractor on large private and public
construction projects in the New York metropolitan area.  Navillus
works closely with many of New York's most prominent architects,
builders, owners, government agencies and institutions and is
pre-qualified by numerous commercial and government agencies.

Navillus operates its business from a midtown Manhattan
headquarters which it has leased since 2015.

Donal O'Sullivan, which founded the business with his brothers, is
the sole director, president and chief executive officer of
Navillus.

Navillus Tile filed for Chapter 11 bankruptcy (Bankr. S.D.N.Y. Case
No. 17-13162) on Nov. 8, 2017, estimating $100 million to $500
million in assets and debt.

Judge Sean H. Lane is the case judge.  Cullen and Dykman LLP is the
Debtor's legal counsel.

On November 28, 2017, the U.S. Trustee for Region 2 appointed an
official committee of unsecured creditors.


NCI BUILDING: Moody's Hikes Corporate Family Rating to Ba3
----------------------------------------------------------
Moody's Investors Service upgraded the ratings of NCI Building
Systems, Inc. ("NCI"), including its Corporate Family Rating to Ba3
from B1 and Probability of Default to Ba3-PD from B1-PD. In the
same rating action, Moody's upgraded the company's senior secured
term loan to Ba2 from Ba3 and senior unsecured notes to B1 from B3.
The SGL-2 rating was affirmed, and the outlook is stable.

The upgrades reflect the company's having surpassed the upgrade
triggers that Moody's established in the past, with further
improvement expected. The upgrades also incorporate Moody's growing
comfort with NCI's private equity ("PE") ownership, which has been
steadily reduced through stock sales to the public since the PE
company, CD&R, first invested in NCI in 2009.

The following ratings actions were taken:

Upgrades:

Issuer: NCI Building Systems, Inc.

-- Probability of Default Rating, Upgraded to Ba3-PD from B1-PD

-- Corporate Family Rating, Upgraded to Ba3 from B1

-- Senior Secured Term Loan B, Upgraded to Ba2 (LGD3) from Ba3
    (LGD3)

-- Senior Unsecured Regular Bond/Debenture, Upgraded to B1 (LGD5)

    from B3 (LGD5)

Outlook Actions:

Issuer: NCI Building Systems, Inc.

-- Outlook, Changed To Stable From Positive

Affirmations:

Issuer: NCI Building Systems, Inc.

-- Speculative Grade Liquidity Rating, Affirmed SGL-2

RATINGS RATIONALE

The Ba3 Corporate Family Rating reflects the company's relatively
strong credit metrics for its current rating, with further
improvement expected in fiscal 2018. Moreover, the company has
successfully taken significant costs out of its operations, with
further efficiencies expected in fiscal 2018 as well. In addition,
Moody's is projecting the non-residential construction sector, to
which NCI is tied, to experience low-to-mid-single digit growth
over the next 12 to 18 months.

At the same time, the ratings incorporate the volatility in steel
prices, which constitute over 70% of the company's cost structure,
and the fact that CD&R still has a 34.68% ownership stake in NCI.
While this ownership percentage is no longer a major obstacle to an
upgrade, it is still a factor to watch because of possible event
risk.

The stable outlook reflects Moody's expectation that the company's
financial profile will continue improving in fiscal 2018 and that
CD&R will not engage in actions that negatively impact the
company's key credit metrics.

NCI's liquidity is good, supported by nearly $46 million of
unrestricted cash and equivalents at July 30, 2017, a $150 million
undrawn asset-based revolver ("ABL") due 2019 (unrated by Moody's),
and generally positive free cash flow generation. The ABL has a
springing 1:1 fixed charge covenant and had borrowing capacity of
$139.9 million as of July 30, 2017, based on a borrowing base
formula.

A positive rating action could ensue if 1) the company's PE
ownership would continue declining, 2) adjusted debt to EBITDA were
to remain below 3.0x, 3) EBITA margins were to approach 10%, 4)
EBITA to interest expense were to reach the high 4x level, and 5)
revenues were to approach the $3 billion mark.

Alternatively, Moody's would consider a downgrade if 1) operating
income were to decline sharply, 2) adjusted debt to EBITDA were to
exceed 4.25x, 3) EBITA margins were to fall below 5%, 4) EBITA to
interest expense were to fall below 2.5x, 4) free cash flow were to
turn negative on a trailing 12 month basis, and/or 5) liquidity
were to become impaired.

The $144.1 million term loan due 2022 is rated Ba2, one notch above
the Corporate Family Rating of Ba3, due to the loss absorption
provided by the $250 million, 8.25% senior unsecured notes due
January 2023. These latter notes are rated B1, one notch below the
Corporate Family Rating because they are the most junior debt
instrument in the company's capital structure.

Headquartered in Houston, Texas, NCI is one of the largest
integrated manufacturers of metal products for the non-residential
industry in North America. For the trailing 12-month period ended
July 30, 2017, NCI generated approximately $1.8 billion in revenues
and $56 million in net income.

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


NOBLE HOLDING: Moody's Cuts CFR to B3 Amid High Debt Levels
-----------------------------------------------------------
Moody's Investors Service downgraded Noble Holding International
Limited's Corporate Family Rating (CFR) to B3 from B2 and its
senior unsecured notes ratings to Caa1 from B2. The senior
unsecured notes of Noble Drilling Corporation (NDC, debt assumed by
Noble Holding (US) LLC) were downgraded to B3 from B2. Noble's
Speculative Grade Liquidity Rating was affirmed at SGL-2 and the
rating outlook remains negative. Noble is an indirect wholly owned
subsidiary of Noble Corporation plc, a publicly traded offshore
drilling company.

"The downgrade to B3 and continued negative outlook reflects
Noble's very high debt levels relative to its expected cash flow
and the limited visibility to a meaningful recovery in offshore
drilling conditions and profitability," said Pete Speer, Moody's
Senior Vice President. "The new revolver is a favorable development
that extends the company's liquidity runway and capacity to roll
its debt maturities through January 2023, but the new revolver
structurally subordinates Noble's senior notes and that has caused
the two notch downgrade of the notes rating to Caa1."

Downgrades:

Issuer: Noble Holding International Limited

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

-- Corporate Family Rating, Downgraded to B3 from B2

-- Multiple Seniority Shelf, Downgraded to (P)Caa1 from (P)B2

-- Senior Unsecured Regular Bond/Debenture, Downgraded to
    Caa1(LGD4) from B2(LGD4)

Issuer: Noble Drilling Corporation

-- Senior Unsecured Regular Bond/Debenture, Downgraded to
    B3(LGD4) from B2(LGD4)

Outlook Actions:

Issuer: Noble Holding International Limited

-- Outlook, Remains Negative

Affirmations:

Issuer: Noble Holding International Limited

-- Speculative Grade Liquidity Rating, Affirmed SGL-2

RATINGS RATIONALE

Noble's B3 CFR reflects the company's deteriorating margins and
cash flow, high financial leverage and limited prospects for
meaningful recovery through 2019 based on weak fundamental
conditions for offshore drilling, particularly in deepwater
markets. The B3 rating is supported by the company's good
liquidity, manageable debt maturities through 2022 and contracted
revenue backlog which provides visibility to positive free cash
flow generation in 2018. Noble's credit profile also benefits from
the company's relatively newer rig fleet that is predominantly high
specification, placing it in a good competitive position to operate
in all major global offshore markets without requiring significant
further capital investments when demand ultimately begins to
recover.

Noble's SGL-2 rating reflects the company's good liquidity through
mid-2019. At September 30, 2017, the company had $609 million of
cash and full availability under its $2.445 billion unsecured
revolving credit facility that matures in January 2020. The company
has received commitments from lenders to enter into a new $1.5
billion bank credit facility that is expected to close in the next
few weeks and mature in January 2023. The new revolver's covenants
include a minimum liquidity requirement, maximum consolidated
indebtedness to total capitalization, minimum rig value to total
revolver commitments and other guarantor debt, and minimum value of
rigs wholly owned by the subsidiary guarantors to total rig value
(as defined in the agreement). Moody's expects that the company
will maintain good headroom for future compliance with these new
covenants through at least mid-2019. Noble's liquidity will also
benefit from $300 million of remaining borrowing availability
commitments under its existing revolving credit facility through
January 2020. Moody's expects Noble to generate modest free cash
flow in 2018, based on its backlog and maintenance capital spending
levels since the company has no new rigs under construction. The
cash balance and revolving credit facilities provide ample
liquidity to address debt maturities, working capital needs or in
case cash flow falls short of forecasts. The company has $250
million of senior notes maturing in March 2018 and $202 million in
2019.

The outlook is negative, reflecting the risk that a meaningful and
sustained offshore drilling recovery could still be several years
away, particularly given the oversupply of deepwater and
ultradeepwater rigs. The ratings could be downgraded if interest
coverage (EBITDA/Interest) approaches 1x, the company generates
significant negative free cash flow or its liquidity weakens. In
order to consider a ratings upgrade, Noble will have to achieve
sequential increases in EBITDA in an improving offshore drilling
market such that its interest coverage (EBITDA/Interest) exceeds 2x
and the company generates meaningful free cash flow to reduce debt
and maintain good liquidity.

The primary borrower under the new revolving credit facility will
be a subsidiary holding company that will be structurally closer to
the operating subsidiaries. The revolver will also benefit from
operating subsidiary guarantees that will provide the revolver with
a structurally superior claim to the large majority of Noble's
drilling rigs over Noble's outstanding senior unsecured notes. As a
consequence of this structural subordination, Noble's senior notes
have been downgraded to Caa1, or one notch beneath the B3 CFR in
accordance with Moody's Loss Given Default Methodology.

The senior notes issued by NDC ($202 million outstanding and
assumed by Noble Holding (US) LLC) are either co-issued by or
guaranteed by certain subsidiaries that provides these notes with a
structurally superior claim to a small number of Noble's drilling
rigs compared to Noble's senior notes. Given the benefit of this
priority claim to certain assets and the amount of notes
outstanding, the NDC notes are rated B3, or the same as the CFR,
which Moody's views as more appropriate than the Caa1 rating
assigned to Noble's senior notes.

The principal methodology used in these ratings was Global Oilfield
Services Industry Rating Methodology published in May 2017.

Noble Holding International Limited is a wholly owned subsidiary of
Noble Corporation, a Cayman Island company (Noble-Cayman), which is
a wholly owned subsidiary of Noble Corporation plc (Noble plc), a
company incorporated under the laws of England and Wales, and a
leading international offshore oil and gas drilling contractor.
Noble Holding International Limited is the issuer of the
substantial majority of the company's rated debt, and therefore the
CFR is assigned to that company. Noble Holding International
Limited's senior notes and the NDC senior notes are fully and
unconditionally guaranteed by Noble-Cayman.


OCULAR THERAPEUTIX: Recurring Losses Raise Going Concern Doubt
--------------------------------------------------------------
Ocular Therapeutix, Inc., filed its quarterly report on Form 10-Q,
disclosing a net loss of $15,567,000 on $523,000 of total revenues
for the three months ended September 30, 2017, compared with a net
loss of $9,596,000 on $477,000 of total revenues for the same
period in 2016.

For the nine months ended September 30, 2017, the Company recorded
a net loss of $50,284,000 on $1,436,000 of total revenues, compared
to a net loss of $31,881,000 on $1,376,000 of total revenues for
the same period last year.

At September 30, 2017, the Company had total assets of $64.40
million, total liabilities of $28.48 million, and $35.92 million in
total stockholders' equity.

Since inception, the Company has incurred significant operating
losses.  As of September 30, 2017, the Company has an accumulated
deficit of $224.2 million.  The Company has generated limited
revenue to date.  In 2014, the Company began recognizing revenue
from sales of ReSure Sealant.  All of the Company's sustained drug
delivery products are in various phases of clinical and preclinical
development.  The Company does not expect sales of ReSure Sealant
to generate revenue that is sufficient for them to achieve
profitability.  Instead, its ability to generate product revenue
sufficient to achieve profitability will depend heavily on them
obtaining marketing approval for and commercializing products with
greater market potential, including one or both of DEXTENZA and
OTX-TP.

Through September 30, 2017, the Company has financed its operations
primarily through private placements of its preferred stock, public
offerings of its common stock and borrowings under credit
facilities.  In November 2016, the Company entered into the 2016
ATM Agreement with Cantor, under which the Company may offer and
sell its common stock having aggregate proceeds of up to $40.0
million from time to time.  Through October 31, 2017, the Company
had sold 890,568 shares of common stock under the 2016 ATM
Agreement, resulting in net proceeds of approximately $6.6 million
after underwriting discounts, commission and other offering
expenses.  In January 2017, the Company completed a follow-on
offering of its common stock at a public offering price of $7.00
per share.  The offering consisted of 3,571,429 shares of common
stock sold by them.  The Company received net proceeds from the
follow-on offering of approximately $23.3 million after deducting
underwriting discounts and expenses.

In March 2017, the Company amended its credit facility to increase
the total commitment to $38.0 million including $18.0 million of
borrowings drawn at closing, which was used primarily to pay-off
outstanding balances on the facility as of the closing date, and
options on two additional tranches of $10.0 million, each
contingent on regulatory and commercial milestones for DEXTENZA
that they have not yet achieved.  The interest-only payment period
was extended through February 1, 2018 and there are provisions to
further extend the interest-only period based on the achievement of
certain milestones.

As of September 30, 2017, the Company has cash and cash equivalents
of $51.2 million and outstanding debt of $18.0 million.  Cash in
excess of immediate requirements is invested in accordance with its
investment policy, primarily with a view to liquidity and capital
preservation.  In August 2017, the Company announced that they
expected to realize savings in operating expenses, including
personal costs, as a result of streamlining headcount, as part of
an initiative to enhance operations and reduce expenses.  Based on
the Company's current plans and forecasted expenses, with these
costs savings, the Company believes that existing cash and cash
equivalents will fund operating expenses, debt service obligations
and capital expenditure requirements into the fourth quarter of
2018.  If the Company is unable to obtain additional financing, it
will be required to implement further cost reduction strategies.
These factors, and the factors described above, continue to raise
substantial doubt about the Company's ability to continue as a
going concern.

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

                       https://is.gd/CYbyoN

                   About CombiMatrix Corporation

Bedford, Mass.-based Ocular Therapeutix, Inc., is a
biopharmaceutical company focused on the development, manufacturing
and commercialization of therapies for diseases and conditions of
the eye using its proprietary hydrogel platform technology.  Its
lead product candidate, DEXTENZA (dexamethasone insert) for
intracanalicular use, has completed Phase III clinical development
for the treatment of ocular pain and inflammation following
ophthalmic surgery.  OTX-TP (travoprost insert) is in Phase III
clinical development for glaucoma and ocular hypertension.


ORCHARD ACQUISITION: Taps Prime Clerk as Claims and Noticing Agent
------------------------------------------------------------------
Orchard Acquisition Company, LLC seeks approval from the U.S.
Bankruptcy Court for the District of Delaware to hire Prime Clerk
LLC as claims and noticing agent.

The firm will oversee the distribution of notices and the
maintenance, processing and docketing of claims filed in the
Chapter 11 cases of Orchard Acquisition and its affiliates.

The hourly rates charged by the firm are:

     Analyst                                  $30 - $50
     Technology Consultant                    $35 - $95
     Consultant/Senior Consultant             $65 - $165
     Director                                $175 - $195
     COO/Executive VP                         No charge
     Solicitation Consultant                 $190
     Director of Solicitation                $210

Prior to their bankruptcy filing, the Debtors provided Prime Clerk
a $50,000 retainer.

Shira Weiner, general counsel of Prime Clerk, disclosed in a court
filing that the firm is a "disinterested person" as defined in
section 101(14) of the Bankruptcy Code.

Prime Clerk can be reached through:

     Shira D. Weiner
     Prime Clerk LLC
     830 Third Avenue, 9th Floor
     New York, NY 10022
     Phone: (212) 257-5450

              About Orchard Acquisition Company LLC

Orchard Acquisition Company, LLC and its affiliates provide
direct-to-consumer access to financing solutions through a variety
of avenues, including mortgage lending, structured settlements,
annuity and lottery payment purchasing, prepaid cards, and conduits
to personal loan providers.

The company's direct-to-consumer businesses use digital channels,
television, direct mail, and other channels to offer access to
financing solutions.  Orchard Acquisition warehouses, securitizes,
sells, or otherwise finances the assets that it purchases in
transactions.  As of Sept. 30, 2017, the company had 725 full-time
employees.  It is headquartered in Radnor, Pennsylvania.

Orchard Acquisition and its affiliates sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Case No.
17-12914) on December 12, 2017.  Its affiliates are The J.G.
Wentworth Company LLC, The J.G. Wentworth Company, J.G. Wentworth
LLC, and JGW Holdings, Inc.

Stewart A. Stockdale, its chief executive officer, signed the
petitions.  At the time of the filing, the Debtors disclosed that
they had estimated assets and liabilities of $100 million to $500
million.

Judge Kevin Gross presides over the cases.

The Debtors hired Young Conaway Stargatt & Taylor, LLP and Simpson
Thacher & Bartlett LLP as legal counsel; Evercore Group LLC as
investment banker; Ankura Consulting Group LLC as transaction
advisor; Prime Clerk LLC as administrative advisor; KPMG LLP as tax
consultant and restructuring advisor; and Ernst & Young LLP as
auditor.


PENN NATIONAL: Moody's Puts Ba3 CFR on Review for Downgrade
-----------------------------------------------------------
Moody's Investors Service placed the ratings of Penn National
Gaming, Inc. and Pinnacle Entertainment, Inc. on review for
downgrade in response to December 18, 2007 announcement that Penn
will acquire Pinnacle in a cash and stock transaction valued at
approximately $2.8 billion.

"Despite the inherent benefits of the combined entities large size,
geographic diversification, and real estate investment trust
structure, Moody's has concerns that the leverage of the combined
entity will remain above what Moody's would consider appropriate
for a Ba3 Corporate Family Rating," stated Keith Foley, a Senior
Vice President at Moody's.

Penn and Pinnacle have entered into a definitive agreement whereby
Pinnacle shareholders will receive $20 in cash and 0.42 shares of
Penn common stock for each Pinnacle share, or the equivalent of
about $32.47 per Pinnacle share. The transaction has been approved
by the boards of directors of both companies and is expected to
close in the second half of 2018.

On Review for Downgrade:

Issuer: Penn National Gaming, Inc.

-- Probability of Default Rating, Placed on Review for Downgrade,

    currently Ba3-PD

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

-- Senior Secured Bank Credit Facilities, Placed on Review for
    Downgrade, currently Ba2(LGD3)

-- Senior Unsecured Regular Bond/Debenture, Placed on Review for
    Downgrade, currently B2(LGD5)

Issuer: Pinnacle Entertainment, Inc.

-- Probability of Default Rating, Placed on Review for Downgrade,

    currently Ba3-PD

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

-- Senior Secured Bank Credit Facilities, Placed on Review for
    Downgrade, currently Ba2(LGD3)

-- Senior Unsecured Regular Bond/Debenture, Placed on Review for
    Downgrade, currently B2(LGD5)

Outlook Actions:

Issuer: Penn National Gaming, Inc.

-- Outlook, Changed To Rating Under Review From Stable

Issuer: Pinnacle Entertainment, Inc.

-- Outlook, Changed To Rating Under Review From Stable

RATINGS RATIONALE

Penn's pro forma debt/EBITDA on a Moody's adjusted basis is 6.0x;
slightly lower, at about 5.8 times, giving 50% credit to Penn's
$100 million operating expense synergies assumption. With or
without assumed synergies, pro forma leverage is still very close
to Moody's stated debt/EBITDA downgrade trigger of 6.0x, and above
where Moody's expected Penn's leverage to be at this time given
Moody's expectation regarding the company's debt reduction plans.
The leverage of both Penn and Pinnacle were already considered high
for their Ba3 Corporate Family Ratings. For the latest 12-month
period that ended September 30, 2017, Penn's Moody's-adjusted
debt/EBITDA was 5.8x and Pinnacle's was 6.0x, both above the 4.5x
upper end of the defined debt/EBITDA range for Ba3 gaming
companies, according to Moody's Global Gaming methodology.

Moody's review will focus on Penn's willingness and ability to
reduce post acquisition leverage, and weigh this against the
favorable longer-term credit benefits related to increased size,
diversification, and economies of scale arising from its
acquisition of Pinnacle. At this time Moody's expect any downgrade
would be limited to one-notch.

Penn National Gaming, Inc. owns, operates twenty-seven facilities
in seventeen jurisdictions, including Florida, Illinois, Indiana,
Kansas, Maine, Massachusetts, Maryland, Mississippi, Missouri,
Nevada, New Jersey, New Mexico, Ohio, Pennsylvania, Texas, West
Virginia, and Ontario. Net revenue for the latest 12-month period
ended September 30, 2017 was about $3.2 billion.

Pinnacle owns and operate 16 gaming, hospitality and entertainment
businesses, of which 15 operate in leased facilities. Net revenue
for the latest 12-month period ended September 30, 2017 was about
$2.6 billion. The company's owned facilities are located in Ohio
and Moody's leased facilities are located in Colorado, Indiana,
Iowa, Louisiana, Mississippi, Missouri, Nevada, and Pennsylvania.
Pinnacle also holds a majority interest in the racing license
owner, and is a party to a management contract, for Retama Park
Racetrack located outside of San Antonio, Texas. The company also
owns and operates a live and televised poker tournament series
under the trade name Heartland Poker Tour.

The principal methodology used in these ratings was Global Gaming
Industry published in December 2017.


PENNSYLVANIA ECONOMIC: Fitch Affirms BB Rating on 2005 Ser. F Bonds
-------------------------------------------------------------------
Fitch Ratings has affirmed the rating on the Pennsylvania Economic
Development Financing Authority's (the Colver Project)
approximately $9.5 million in 2005 series F resource recovery
revenue refunding bonds due December 2018 at 'BB'. The Rating
Outlook is Stable.

KEY RATING DRIVERS

The rating reflects the significant liquidity remaining through the
final year of debt service, substantially mitigating the risk of
increasingly frequent forced outages at this aging waste coal
facility. A long-term power purchase agreement (PPA) with
Pennsylvania Electric Company (Penelec, BBB/Stable) helps stabilize
revenues, but cash flow remains vulnerable to reduced availability
and increased maintenance costs. The debt service coverage ratio
(DSCR) hit breakeven in 2017, which is not consistent with the
current rating level. However, the rating is supported by
sufficient cash reserves to cover the final year of debt payments
and an expected return to normalized operations with a rating case
coverage of 1.30x in 2018.

Contractual Revenues - Revenue Risk: Midrange
The project relies on the ability of the operator to maintain high
availability and capacity factors in order to maximize variable
payments under the PPA, capture the benefit of excess energy sold
at the locational marginal price (LMP) and provide revenue
stability. LMP sales, despite price variability and contributing a
relatively small percentage to total revenues, help to add cushion
to the cash flow profile.

Operating Margin Subject to Cost Control - Operation Risk: Weaker
The project remains exposed to price fluctuations in commodities,
uncertain emissions compliance costs and persistent maintenance
challenges. Colver generally is meeting the Cross State Air
Pollution Rule requirements and benefits from a compliance
extension beyond the debt maturity which provides some near-term
cash flow relief.

Adequate Coal Supply - Supply Risk: Midrange
Despite 75% of waste coal under contract through debt maturity, the
project is susceptible to potential price swings in the remaining
25% of spot coal supply. The relative liquidity and depth of the
waste coal market help mitigate this risk over the remaining debt
tenor. Increased use of opportunity fuel has also diversified cost
risk.

Declining Debt Service - Debt Structure: Stronger
The debt structure is typical for project finance as it is
fixed-rate and fully amortizes in 2018. The available liquidity
bolsters cash flows against periods of production shortfalls or
increased operating costs and further strengthens the debt profile.


Financial Profile
Under a modest rating case stress scenario which combines flat
revenues and a 10% operating expense increase, Fitch projects a
DSCR of 1.30x in 2018, consistent with 'BB' metrics under Fitch's
criteria for fully contracted thermal power projects.

PEER GROUP
Colver and Choctaw Generation LP (series 1 rated B/Stable; series 2
rated CCC) face operating performance challenges typical for coal
facilities, though Colver has a longer history of established
operating performance. With at least 14 years remaining to debt
maturity, Choctaw is exposed to longer-term risks of variability in
plant performance and potential exposure to merchant revenues, and
lacks liquidity reserves to mitigate potential shortfalls in
operating cash.

RATING SENSITIVITIES

Future Developments That May, Individually or Collectively, Lead to
Negative Rating Action:
-- Depletion of reserves due to increased maintenance costs,
    extended outage, or other operating challenges that compromise
    debt repayment could result in a downgrade.

Future Developments That May, Individually or Collectively, Lead to
Positive Rating Action:
-- Positive rating action is unlikely at this time.

CREDIT UPDATE

Performance Update

Plant operating performance in 2017 improved in comparison to 2016
and returned to historical levels. The capacity factor rose to
roughly 90.5% year-to-date (YTD) 2017 through October and is in
line with annual levels traditionally above 90%. Availability rose
to 87.5% YTD 2017, slightly below the average availability of 90.3%
from 2014 to 2016. Despite the lower availability, the project will
still meet the required three-year rolling average minimum
availability of 85% to avoid penalty charges from the off-taker.

The project has faced growing maintenance needs typical of an aging
coal facility. Similar to previous years, Colver experienced
persistent tube leaks in 2017, averaging one to two per month, and
recently completed a two-week planned outage starting in September
extending through Oct. 15, 2017. Inspections during the outage did
not reveal any material issues, only intermittent vibration issues
related to one of the fans that will be addressed while the plant
continues to operate. Going forward, the plant is expected to
continue the 14-day outage and 12-month maintenance cycle to
address maintenance challenges and improve operating performance.

Management reported a 2017 annual DSCR of 1.00x resulting from a
combination of lower revenues and increased expenses due to the
outage in late 2016. Operating performance improved throughout 2017
following the major outage in 2016, and a semi-annual DSCR of 1.38x
in the latter part of the year buoyed the weaker DSCR of 0.62x in
the first half of the year. While the 2017 metric is not indicative
of a 'BB' rating, the short remaining debt tenor and available
liquidity of $33 million help to significantly reduce the
probability of default and support the rating at the current level
through maturity. The debt service reserve balance of $18 million
alone is more than sufficient to cover the final year of debt
payment in 2018.

The increased utilization of opportunity fuel is expected to
continue benefitting the project's cost profile, as it is cheaper
and more efficient than fixed-price contracted coal options, also
reducing the sulfur content in Colver's fuel and resulting usage of
limestone. Continuation of lower diesel costs will also help Colver
manage transportation costs for fuel delivery and ash disposal. In
addition, the approval by the Pennsylvania DEP to defer compliance
with MATS environmental requirements to April 2019 continues to
keep operating costs lower.

Fitch Cases

Fitch's base case assumes 1.0% revenue growth in 2018 with expense
growth of 5.0%. This results in a DSCR of 1.46x in 2018 as debt
service declines by approximately 40%.

Fitch's rating case assumes performance in 2018 is similar to the
historical average, with relatively flat revenue growth of 0.5% and
expense growth of 10.0%. In this scenario, Fitch estimates the DSCR
will be 1.30x in 2018.

Asset Description

The Colver Project consists of a nominal 111.15MW waste coal-fired
qualifying facility located on a 62-acre site in Cambria County,
PA. The project also includes a 9.6-mile, 115-kilovolt transmission
line interconnecting with the Penelec Glory Substation. The Colver
facility began commercial operations on May 16, 1995. The senior
bonds were issued on behalf of an owner-participant as part of a
leveraged-lease transaction. Colver's sponsor is a limited
partnership, Inter-Power/AhlCon Partners, which is held by
subsidiaries of Northern Star Generation.

Under the terms of the PPA, Penelec pays flat rates on annual
energy up to 278 gigawatt-hours (GWh) of on-peak production and 501
GWh/year off-peak production. Penelec purchases excess energy at
the posted hourly LMP or day-ahead price of PJM Interconnection,
LLC.


PREFERRED CARE: Taps Gardere Wynne as Legal Counsel
---------------------------------------------------
Preferred Care Inc. seeks approval from the U.S. Bankruptcy Court
for the Northern District of Texas to hire Gardere Wynne Sewell LLP
as its legal counsel.

The firm will advise the company and its affiliates regarding their
duties under the Bankruptcy Code; negotiate with creditors; assist
in obtaining court approval to get bankruptcy loan; give advice
regarding any potential sale of their assets; assist in the
preparation of a bankruptcy plan; and provide other legal services
related to their Chapter 11 case.

Stephen McCartin, Esq., and Mark Moore, Esq., the attorneys who
will be handling the cases, charge $725 per hour and $380 per hour,
respectively.

The firm received an initial retainer from the Debtors in the sum
of $515,000, of which $58,378 was used to pay the filing fees.

Gardere is a "disinterested person" as defined in section 101(14)
of the Bankruptcy Code, according to court filings.

The firm can be reached through:

     Stephen A. McCartin, Esq.
     Mark C. Moore, Esq.
     Gardere Wynne Sewell LLP
     2021 McKinney Avenue, Suite 1600
     Dallas, TX 75201
     Tel: (214) 999-3000
     Fax: (214) 999-4667
     Email: smccartin@gardere.com
     Email: mmoore@gardere.com

                     About Preferred Care Inc.

Preferred Care, Inc., a management company, provides healthcare
products, programs, services, and related financial activities.

Preferred Care and its affiliates sought protection under Chapter
11 of the Bankruptcy Code (Bankr. N.D. Tex. Lead Case No. 17-44642)
on November 13, 2017.  Judge Mark X. Mullin presides over the
cases.

At the time of the filing, Preferred Care disclosed that it had
estimated assets and liabilities of $1,000,001 to $10 million.

On November 28, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.


PROFLO INDUSTRIES: U.S. Trustee Unable to Appoint Committee
-----------------------------------------------------------
The U.S. Trustee was unable to appoint an official committee of
unsecured creditors in the Chapter 11 case of ProFlo Industries,
LLC, according to a notice filed with the U.S. Bankruptcy Court for
the Northern District of Ohio.

                      About ProFlo Industries

Headquartered in Alvada, Ohio, ProFlo Industries, LLC, is an Ohio
Limited Liability Company engaged in the airline refueling
business.  The principal customers of the business are
multi-national companies providing goods, services and advice in
the global aviation industry.  ProFlo consists of one shareholder:
Terry N. Bosserman who owns 100% of the shares.

ProFlo Industries filed for Chapter 11 bankruptcy protection
(Bankr. N.D. Ohio Case No. 17-33184) on Oct. 8, 2017, estimating
its assets at between $500,001 and $1 million and liabilities
between $100,001 and $500,000.  The petition was signed by Terry N.
Bosserman, president.  The Debtor is represented by Patricia A.
Kovacs, Esq.


PROSPECTOR OFFSHORE: Plan Filing Deadline Moved to March 16
-----------------------------------------------------------
The Hon. Christopher S. Sontchi of the U.S. Bankruptcy Court for
the District of Delaware, at the behest of Prospector Offshore
Drilling S.a r.l. and its affiliated debtors, has extended the
exclusive chapter 11 plan filing period through March 16, 2018, as
well as the exclusive plan solicitation period through May 16,
2018.

The Troubled Company Reporter has previously reported that the
Debtors sought for a 120-day extension of their exclusive periods,
asserting that the extension will afford them an opportunity to
complete tasks necessary to develop, negotiate, and, if necessary,
litigate resolution of these chapter 11 cases.

The Debtors also asserted that the chapter 11 cases are large and
complex, involving approximately $170 million of non-intercompany
debt as of the Petition Date. In addition, the Debtors mentioned
that the oil and gas industry in which they operate is amidst a
significant and prolonged down-turn impacting not only the Debtors,
but also their critical business partners.

Despite facing significant challenges presented by their industry
and debt structure, the Debtors claimed that they have stabilized
operations and made substantial progress towards reaching a deal
with their primary creditors. Moreover, the Debtors claimed that no
creditor will be materially prejudiced by the requested extension.

The Debtors believed that their activities since the Petition Date
have prepared the necessary foundation to advance these chapter 11
cases toward a path to exit, however certain key tasks remain to be
completed before the Debtors can emerge from chapter 11.

Specifically, the Debtors must, among other things, continue to
advance their negotiations with third-party lessors of the Debtors'
rigs, which are subsidiaries of SinoEnergy Capital Management,
Ltd., and Industrial Commercial Bank of China, New York Branch, the
security agent to the Prospector Debtors' pledge agreements, while
continuing to explore non-consensual options that would allow the
Debtors to satisfy their obligations to SinoEnergy.

Accordingly, the Debtors asserted that the requested extension of
the Exclusive Periods will ensure their ability to either advance
these cases to a consensual conclusion or, if necessary, move
forward with a non-consensual path out of chapter 11, without the
value deterioration and disruption to the Debtors' business
operations that likely would be caused by the filing of competing
plans by non-Debtor parties.

          About Prospector Offshore and Paragon Offshore

Prospector Offshore Drilling S.a r.l. and three affiliates filed
separate Chapter 11 bankruptcy petitions (Bankr. D. Del. Case Nos.
17-11572 to 17-11575) on July 20, 2017. The affiliates are
Prospector Rig 1 Contracting Company S.a r.l.; Prospector Rig 5
Contracting Company S.a r.l.; and Paragon Offshore plc (in
administration).

The Hon. Christopher S. Sontchi presides over the cases.

The Debtors are represented by Gary T. Holtzer, Esq., and Stephen
A. Youngman, Esq., at Weil, Gotshal & Manges LLP, and Mark D.
Collins, Esq., Amanda R. Steele, Esq., and Joseph C. Barsalona II,
Esq., at Richards, Layton & Finger, P.A., as counsel.  The Debtors
hired as their financial advisors, Lazard Freres & Co. LLC; as
their restructuring advisor, AlixPartners, LLP; and as their
claims, noticing and solicitation agent, Kurtzman Carson
Consultants LLC.

In their petition, the Debtors estimated $1 billion to $10 billion
in both assets and liabilities.  The petitions were signed by Lee
M. Ahlstrom as senior vice president and chief financial officer.

The Debtors' bankruptcy filing came two days after the Paragon
Offshore group completed its corporate and financial reorganization
on July 18, 2017.  The plan of reorganization under chapter 11 of
the U.S. Bankruptcy Code substantially de-levered Paragon
Offshore's ongoing business, eliminating approximately $2.3 billion
of secured and unsecured debt.

Paragon Offshore Plc, and several affiliates filed Chapter 11
bankruptcy petitions (Bankr. D. Del. Case Nos. 16-10385 to
16-10410) on Feb. 14, 2016.  The Delaware Bankruptcy Court entered
an order on June 7, 2017, confirming the 2016 Debtors' Fifth Joint
Chapter 11 Plan of Reorganization.


RAMLA USA: L.A. Spoon Buying Interest in Liquor License for $85K
----------------------------------------------------------------
Ramla USA, Inc., asks the U.S. Bankruptcy Court for the Central
District of California to authorize the sale of its interest in a
Type-47 "On-Sale General For Bona Fide Eating Place" liquor license
bearing license number 47-521524 to L.A. Spoon, LLC for $85,000,
subject to overbid.

A hearing on the Motion is set for Jan. 9, 2018 at 2:00 p.m.
Objections, if any, must be filed at least 14 days prior to the
hearing on the Sale Motion.

The Debtor owns and operates traditional Japanese/Izakaya-style
restaurants.  Along with four restaurant/food service locations
currently in operation (located in Monrovia, San Francisco, Palm
Springs, and Los Angeles, California), it has two non-operating
locations in West Covina, California and Encino, California
("Defunct Locations”) that closed in early 2017 and mid-2016,
respectively.  Each of the Defunct Locations still has liquor
licenses associated with them.  The Debtor has determined that the
Liquor License associated with the Encino Location, which expires
on Nov. 30, 2018, has significant value for the Estate.

The Debtor has received an offer from the Buyer to purchase the
Liquor License for $85,000.  The parties Buyer have negotiated a
sale of the Estate's interest in the Liquor License pursuant to the
terms of the Escrow Instruction.

The salient terms of the proposed sale are:

     a. Sale Price: The Debtor proposes to sell the Liquor License
to the Buyer, subject to Court approval, for $85,000.  The Purchase
Price will be deposited in full into escrow by the Buyer within 30
days after the application to transfer the Liquor License has been
filed with the ABC.  In the event a party other than the Buyer is
the winning overbidder for the Liquor License, such overbidder will
deposit the balance of the overbid amount (taking into account any
deposit delivered by such overbidder) into escrow within three
calendar days after entry of a Court order granting the Sale
Motion.

     b. Earnest Money Deposit: The Buyer will deliver a good faith
deposit in the sum of $8,500 to Federal Escrow, Inc.

     c. Payment of Costs, Fees, and Sale or Transfer Taxes: The
Buyer will bear and be solely responsible for the payment of any
and all costs, fees, and sales or transfer taxes arising from the
sale and transfer of the Liquor License, including but not limited
to escrow fees, recording fees, and transfer fees.  The commission
owed to the Buyer's broker, Art Rodriguez Associates, will be paid
by
the Buyer.  Any sales and use taxes payable to the State Board of
Equalization incurred by the Debtor prior to the transfer of the
Liquor License will be paid by the Estate from the Purchase Price
through escrow, however the Debtor is not aware of any tax liens
secured by the Liquor License

     d. Sale Subject to Overbid: The proposed Sale to the Buyer is
subject to overbid, according to the terms proposed.

     e. No Representations or Warranties: The Debtor is selling the
Liquor License to the Buyer on an "as is, where is" basis, without
any representations or warranties by the Debtor.

The salient terms of the Bidding Procedures are:

     a. Present at Hearing: The Buyer and each Qualified Bidder,
must be either physically present at the hearing on the Sale Motion
or represented by an individual or individuals who is/are
physically present at the hearing and have the authority to
participate in the overbid process;

     b. Earnest Money Deposit: $8,500, payable to Federal Escrow
Inc.

     c. Initial Overbid: The initial overbid for the Liquor License
will be $5,000, with subsequent overbids being made in minimum
increments of $1,000.

     d. Successful Overbidder Subject to Terms of Escrow
Instructions.  In the event that the Buyer is not the successful
bidder for the Liquor License, the Successful Bidder will then
become the buyer under the same terms and conditions as set forth
in the Escrow Instructions (with the exception of the price to be
paid for the Liquor License).  Under these circumstances, the
Escrow Instructions with the Buyer would no longer be effective and
the Buyer would be entitled to full refund of its Deposit.

The Debtor is not aware of any liens, interests, claims or
encumbrances asserted against the Liquor License.  Thus, it submits
the Court may authorize the Sale free and clear of all liens,
interests, claims, and encumbrances.

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

    http://bankrupt.com/misc/Ramla_USA_51_Sales.pdf

The Debtor submits that the Purchase Price for the Liquor License
offered by the Buyer is fair and reasonable and that the Liquor
License was adequately marketed. Based upon the Debtor's review of
comparable sales, the Debtor believes that the Purchase Price is a
reasonable offer given the current market conditions.  In addition,
the proposed overbid procedures and auction process are
specifically designed to ensure that the highest price possible is
obtained for the asset.  Given that there are no secured liens
asserted against the Liquor License, the Debtor submits that the
proposed Sale will provide the Estate with a significant benefit.

The Debtor asks the Court to waive the 14-day stay imposed by
F.R.B.P. 6004(h).

The Buyer:

          L.A. SPOON, LLC
          Sean Loeffel, Agent for Service
          1254 S Highland Avenue
          Los Angeles, CA 90019

Counsel for the Debtor:

          Robyn B Sokol, Esq.
          Nina Z. Javan, Esq.
          Michael M. Davis, Esq.
          BRUTZKUS GUBNER ROZANSKY SEROR WEBER LLP
          21650 Oxnard St Ste 500
          Woodland Hills, CA 91367
          Telephone: (818) 827-9000
          Facsimile: (818) 827-9099
          E-mail: ecf@bg.law
                  rsokol@bg.law
                  mdavis@bg.law
                  njayan@bg.law                    

                         About RAMLA USA

Headquartered in Monrovia, California, Ramla USA Inc. is a small
organization in the restaurants industry located in Monrovia,
California.  It owns and operates traditional
Japanese/Izakaya-style restaurants.  Along with four
restaurant/food service locations currently in operation (located
in Monrovia, San Francisco, Palm Springs, and Los Angeles,
California), it has two non-operating locations in West Covina,
California and Encino, California that closed in early 2017 and
mid-2016, respectively.  Each of the defunct locations still has
liquor licenses associated with them.

Ramla USA Inc. sought Chapter 11 protection (Bankr. C.D. Cal. Case
No. 17-24318) Nov. 20, 2017.  The petition was signed by Yuji Ueno,
CEO.  The estimated assets in the range of $1 million to $10
million and $10 million to $50 million in
debt.  The Debtor tapped Robyn B. Sokol, Esq., at Brutzkus Gubner
Rozansky Seror Weber LLP, as counsel.


RENTECH WP: Jan. 3 Meeting Set to Form Creditors' Panel
-------------------------------------------------------
William K. Harrington, United States Trustee for Region 3, will
hold an organizational meeting on Jan. 3, 2017, at 10:00 a.m. in
the bankruptcy case of Rentech WP U.S. Inc.

The meeting will be held at:

               The Doubletree Hotel
               700 King Street
               Wilmington, DE 19801

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

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

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

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

Rentech, Inc., an owner and operator of wood fibre processing and
wood pellet production businesses, on Dec. 19, 2017, disclosed that
it and its subsidiary, Rentech WP U.S. Inc. have filed a voluntary
petition for relief under Chapter 11 of the United States
Bankruptcy Code in the United States Bankruptcy Court for the
District of Delaware.  The purpose of the bankruptcy filing is to
seek to sell the assets of the Company's Fulghum Fibres and New
England Wood Pellet subsidiaries and facilitate an orderly
wind-down of Rentech Inc.


RFI MANAGEMENT: Jan. 18 Plan Confirmation Hearing
-------------------------------------------------
Judge Benjamin A. Kahn of the U.S. Bankruptcy Court for the Middle
District of North Carolina conditionally approved the amended
disclosure statement filed by RFI Management, Inc., on November 9,
2017.

January 17, 2018 is fixed as the last day for filing written
acceptances or rejections of the Plan.

A hearing on final approval of the amended disclosure statement and
for the hearing on confirmation of the plan is set for January 18,
2018.

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

RFI Management is represented by:

          James C. White, Esq.
          100 Europa Dr. Suite 401
          Chapel Hill, NC 27517

                      About RFI Management

RFI Management, Inc., works as a subcontractor installing flooring
products and wall materials, principally in hotel properties across
the United States and in Puerto Rico.

RFI Management filed a Chapter 11 bankruptcy petition (Bankr.
M.D.N.C. Case No. 17-80247) on March 29, 2017.  Edward Rosa,
President, signed the petition.  At the time of filing, the Debtor
estimated assets and liabilities between $100,000 and $500,000.

James C. White, Esq., and Michelle M. Walker, Esq., at Parry
Tyndall White, serve as counsel to the Debtor.  Padgett Business
Services of NC is the Debtor's accountant.

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


ROLETTE COUNTY: Moody's Lowers Issuer Rating to Ba1; Outlook Neg.
-----------------------------------------------------------------
Moody's Investors Service has downgraded Rolette County, ND's
issuer rating to Ba1 from A3. Moody's has also downgraded the
county's lease revenue rating to Ba3 from Baa2. The downgrade
affects $9.6 million of lease revenue bonds. The ratings outlook is
negative.

RATINGS RATIONALE

The downgrade to Ba1 on the issuer rating reflects the county's
small tax base; weak resident income indices; limited liquidity;
recent decline in revenues tied to oil production; elevated debt
burden; and a substantial increase in fixed costs associated with
upcoming lease payments. Positively, the county's tax base is
growing, and unfunded pension liabilities are moderate. The issuer
rating is equivalent to the rating we would assign to bonds secured
by the county's general obligation unlimited tax (GOULT) pledge.

The Ba3 lease revenue rating is notched twice from the county's
issuer rating due to the risk of annual non-appropriation of lease
payments, which will be funded in part with new revenue sources
that have not yet been generated; the more essential nature of the
pledged assets (the county's new jail); and the risks associated
with operating the new jail facility, which will open in early
2018.

RATING OUTLOOK

The negative outlook reflects the operating pressures the county
faces in the next two years as it begins operating a new jail,
faces a material increase in fixed costs associated with the lease
payments for the new jail, and contends with significant declines
in revenues related to oil production.

FACTORS THAT COULD LEAD TO AN UPGRADE

Increases to operating reserves and liquidity in 2018

FACTORS THAT COULD LEAD TO A DOWNGRADE

Negative budget variances in revenue that further reduce liquidity
in 2018

Inability to cover lease payments without further reducing
liquidity in 2018

Failure to appropriate for lease payments in 2018

LEGAL SECURITY

The lease revenue bonds are secured by rental payments to be made
by the county to Zion Bank. Per the lease-purchase agreement, the
county's new jail facility will be granted to the trustee as
collateral. The facility is in the final stages of completion and
is expected to open in early 2018. The current lease term runs
through June 30, 2018 and is subject to renewal by annual
appropriation of rental payments, with the county intending to
renew the lease annually through August 1, 2046. Under the terms of
the agreement, the county is required to make annual payments
directly to the trustee at least five business days prior to each
interest and principal payment date, with payments due on February
1 (interest only) and August 1 (principal and interest). The county
has implemented a Capital Projects Levy, which is the only
dedicated revenue source for the lease payments. Revenue generated
from the levy will cover 38% of the $526,731 fiscal 2018 lease
payments. The county will use several other revenue sources for the
lease payments, which includes a portion of the General Fund levy,
tax revenues from windmills and revenue generated from renting out
beds to local jurisdictions. The trustee has the right to take
possession of the county's new jail facility upon non-renewal of
the lease-purchase agreement.

PROFILE

Rolette County is located in north central North Dakota (Aa1
Negative) along the border of Manitoba (Aa2 Stable), Canada (Aaa
Stable), and encompasses an area of approximately 913 square miles.
The Turtle Mountain Reservation is located on 46,000 acres in the
county. The county includes the cities of Rolla, Dunseith, Rolette,
St. John, Mylo, and Belcourt. It is home to 14,498 residents as of
2015.


RYCKMAN CREEK: Statutory Lien Claimants to Get Up to 100%
----------------------------------------------------------
Ryckman Creek Resources, LLC, and its affiliates filed with the
U.S. Bankruptcy Court for the District of Delaware a supplement to
the modified fifth amended disclosure statement with respect to its
second modified fourth amended joint plan of reorganization.

The debtors believe that the plan sponsorship transaction with
Sandton Uinta Storage, LLC, represents a superior proposal to the
transaction with 31 Midstream LLC.

Sandton will provide over 10 times the amount of upfront cash on
the effective date, which will allow holders of cash-settled claims
and the Uinta County tax claims to receive a larger percentage
recovery on the effective date then they would have otherwise
received under the modified fourth amended plan.

The treatment of claims and interests under the terms of the plan
remain unchanged, as summarized below:

      Claim or Interest      Status    Estimated % Recovery
                                         Under the Plan
    ---------------------  ----------  --------------------
    Statutory Lien Claims  Impaired         0 - 100%
    Other Priority Claims  Unimpaired         100%
    Unsecured Claims       Impaired         0 - 100%
    Intercompany Claims    Impaired            0%
    Subordinated Claims    Impaired            0%
    Interests              Impaired            0%

A full-text copy of the debtors' supplement to the modified fifth
amended disclosure statement is available at:

       http://bankrupt.com/misc/deb16-10292-1288.pdf

              About Ryckman Creek Resources, LLC

Formed on Sept. 8, 2009, Ryckman Creek Resources, LLC, is engaged
in the acquisition, development, marketing, and operation of a
natural gas storage facility known as the Ryckman Creek Facility.

The Ryckman Creek Facility is a depleted crude oil and natural gas
reservoir located in Uinta County, Wyoming.  The company began
development of the reservoir into a natural gas storage facility in
2011.  The Ryckman Creek Facility began commercial operations in
late 2012 and received injections of customer gas and gas purchased
by the company.  The company and its affiliated debtors have
approximately 35 employees.

Ryckman Creek Resources, LLC, Ryckman Creek Resources Holdings LLC,
Peregrine Rocky Mountains LLC and Peregrine Midstream Partners LLC
filed Chapter 11 bankruptcy petitions (Bankr. D. Del. Lead Case No.
16-10292) on Feb. 2, 2016. The petitions were signed by Robert Foss
as chief executive officer. Kevin J. Carey has been assigned the
case.

The Debtors hired Skadden, Arps, Slate, Meagher & Flom LLP as
counsel; AP Services, LLC, as management provider; Evercore Group
LLC as investment banker; and Kurtzman Carson Consultants LLC as
claims and noticing agent.

On April 11, 2016, Ryckman Creek Resources disclosed total assets
of more than $205 million and total debt of more than $391.2
million.

On Feb. 12, 2016, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  Attorneys for the
committee are Greenberg Traurig, LLP's Dennis A. Meloro, Esq.,
David B. Kurzweil, Esq., and Shari L. Heyen, Esq. The committee
retained Alvarez & Marsal, LLC, as financial advisor.


SEADRILL LIMITED: Wants to Maintain Plan Exclusivity Until May 10
-----------------------------------------------------------------
Seadrill Limited and its affiliated debtors ask the U.S. Bankruptcy
Court for the Southern District of Texas to extend the period
during which the Debtors have the exclusive right to file a chapter
11 plan through and including May 10, 2018, as well as the period
during which the Debtors have the exclusive right to solicit
acceptances to the plan through and including July 9, 2018.

The Debtors seek a 180-day extension of their exclusivity periods
so that they may continue to diligently pursue a value-maximizing
resolution to these chapter 11 cases.  The Debtors relate that
following nearly two years of intensive negotiations, the Debtors
entered into a Restructuring Support and Lock-Up Agreement that
establishes a consensual framework for a value maximizing
restructuring.

The Debtors claim that the Restructuring Support Agreement now
enjoys the support of approximately 99% of the lenders under the
Debtors' 12 secured bank facilities, holders of nearly 40% of the
Debtors' outstanding unsecured bonds, and the Debtors' largest
shareholder and bellwether investor in the offshore space, Hemen
Holding Ltd.

The Restructuring Support Agreement contemplates a maturity
extension of the Bank Facilities by an average of approximately
five years and the elimination of near-term amortization
obligations thereunder, the equitization of the Debtors' $2.3
billion in unsecured bond obligations, and a $1.06 billion capital
investment backed by Hemen Holding and a syndicate of additional
investors.

As such, the Debtors believe that the restructuring contemplated by
the Restructuring Support Agreement will bridge their businesses to
a broader market recovery.

The Debtors contend that, to capture the full benefit of the
Restructuring Support Agreement, they must proceed through these
chapter 11 cases at a steady pace. The Investment Agreement
governing the Capital Commitment contains milestones that require
the Debtors to obtain approval of their disclosure statement by
February 9, 2018, and to confirm a plan of reorganization by June
9, 2018. To this end, the Debtors claim that they have made
significant progress to date.

On the first day of their chapter 11 cases, the Debtors filed a
Chapter 11 Plan and related disclosure statement.  The Debtors have
subsequently worked to update the Plan and Disclosure Statement for
case, industry, and business developments and, contemporaneously
with the Exclusivity Motion, filed an amended Plan and related
Disclosure Statement, as well as a motion seeking approval of the
Disclosure Statement and related solicitation procedures.

Additionally, the Debtors have continued to actively engage with
various parties in interest not party to the Restructuring Support
Agreement, including the official committee of unsecured creditors
appointed in these chapter 11 cases, an ad hoc group of unsecured
noteholders, and participants in the Debtors' post-petition
marketing process.

In addition to the various tasks necessary to administer their
chapter 11 cases, the Debtors assert that they have engaged in a
robust post-petition marketing process. As part of the
post-petition process, which supplements a year-long prepetition
marketing process, the Debtors reached out to 89 potential
investors and, after multiple phases and extensive discussions,
meetings, and diligence efforts, ultimately received proposals from
two potential investor constituencies -- Barclays Capital and the
Ad Hoc Group.

On December 12, 2017, the Debtors commenced the final phase of
their marketing process by sending Barclays and the Ad Hoc Group
letters requesting that they post a cash deposit equal to 10% of
the proposed commitment amount, at which point the Debtors may then
forward the proposals to the Bank Lenders and request their
feedback.  The Debtors continue to analyze the proposals, both of
which would require certain consents the parties have not yet
secured.

The Debtors believe the Plan currently embodies the
value-maximizing alternative, although the Debtors will continue to
diligently pursue their marketing process in an effort to secure
even greater value for their stakeholders -- this opportunity to
secure incremental value exists only so long as the Debtors
maintain exclusivity. The Debtors tell the Court that the current
Plan is the foundation on which the Debtors are building a
value-maximizing restructuring, and thus, the lapse of exclusivity
could potentially destroy the progress the Debtors have made over
the first three months of these cases and jeopardize the ability of
the Debtors to secure the benefit of the Capital Commitment.

Over the past three months, hand-in-hand with their marketing
process, the Debtors have diligently pursued confirmation of their
current Plan.  At the first day hearing in these chapter 11 cases,
the Court entered an Order Scheduling Hearings and Objection
Deadlines with Respect to the Debtors' Disclosure Statement and
Plan Confirmation, which provided that the disclosure statement
approval hearing will take place on January 10, 2018 and that the
confirmation hearing will commence on March 26, 2018.

The Debtors intend to and are on track to proceed with those
hearing dates. Continuation of their underlying confirmation
process in no way prejudices the parallel marketing process or
reduces the Debtors' desire to continue to consider
value-maximizing alternatives, including, potentially, the Barclays
and Ad Hoc Group proposals. As such, the Debtors assert that
extending exclusivity benefits both the confirmation and marketing
processes, for the benefit of all stakeholders.

The Debtors' exclusivity period to file a plan is currently set to
expire after January 10, 2018. The Debtors submit that granting the
extension of their exclusive periods will allow them to continue
toward emergence in an efficient, organized fashion. The Debtors
will use the extended exclusivity periods not only to continue to
press forward with confirmation of the Plan, but to continue to
analyze the competing proposals and work with any parties in
interest who do not yet support the Plan in hopes of arriving at a
consensual resolution.

                    About Seadrill Limited

Seadrill Limited is a deepwater drilling contractor, providing
drilling services to the oil and gas industry. It is incorporated
in Bermuda and managed from London. Seadrill and its affiliates own
or lease 51 drilling rigs, which represents more than 6% of the
world fleet.

As of Sept. 12, 2017, Seadrill employs 3,760 highly-skilled
individuals across 22 countries and five continents to operate
their drilling rigs and perform various other corporate functions.

As of June 30, 2017, Seadrill had $20.71 billion in total assets,
$10.77 billion in total liabilities and $9.94 billion in total
equity.

Seadrill reported a net loss of US$155 million on US$3.17 billion
of total operating revenues for the year ended Dec. 31, 2016,
following a net loss of US$635 million on US$4.33 billion of total
operating revenues for the year ended in 2015.

After reaching terms of a reorganization plan that would
restructure $8 billion of funded debt, Seadrill Limited and 85
affiliated debtors each filed a voluntary petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. S.D. Tex. Lead Case No.
17-60079) on Sept. 12, 2017.

Together with the chapter 11 proceedings, Seadrill, North Atlantic
Drilling Limited ("NADL") and Sevan Drilling Limited ("Sevan")
commence liquidation proceedings in Bermuda to appoint joint
provisional liquidators and facilitate recognition and
implementation of the transactions contemplated by the RSA and
Investment Agreement. Simon Edel, Alan Bloom and Roy Bailey of
Ernst & Young serve as the joint and several provisional
liquidators.

In the Chapter 11 cases, the Company has engaged Kirkland & Ellis
LLP as legal counsel, HoulihanLokey, Inc. as financial advisor, and
Alvarez & Marsal as restructuring advisor. Willkie Farr & Gallagher
LLP, serves as special counsel to the Debtors. Slaughter and May
has been engaged as corporate counsel, and Morgan Stanley serves as
co-financial advisor during the negotiation of the restructuring
agreement. Advokatfirmaet Thommessen AS serves as Norwegian
counsel.  Conyers Dill & Pearman serves as Bermuda counsel.
PricewaterhouseCoopers LLP UK, serves as the Debtors' independent
auditor; and Prime Clerk is their claims and noticing agent.

On September 22, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  The committee hired
Kramer Levin Naftalis& Frankel LLP, as counsel; Cole Schotz P.C. as
local and conflict counsel; Zuill & Co. as Bermuda counsel; Quinn
Emanuel Urquhart & Sullivan, UK LLP as English counsel;
Advokatfirmaet Selmer DA as Norwegian counsel; and Perella Weinberg
Partners LP as investment banker.


SHIEK SHOES: U.S. Trustee Appoints 9-Member Creditors' Committee
----------------------------------------------------------------
U.S. Trustee Peter C. Anderson appointed nine members to the
official committee of unsecured creditors of Shiek Shoes, LLC.

The Committee members are:

   1. New World Creation, Inc.
      c/o Jin U Hwang, President
      610 Grand Avenue
      Ridgefield, NJ 07657
      Tel: (201) 337-9100
      Fax: (201) 337-9670
      Email: jimmy@dtekusa.com

   2. Hinkle Construction
      c/o Jackie E. Hinkle, Owner
      1905 N. Williams
      Mesa, AZ 85203
      Tel: (480) 835-6886
      Fax: (480) 835-6848
      Email: Office@hinkleci.com
      Cell: (062) 376-0332

   3. Adidas America, Inc.
      c/o Brian Eliasson
      Senior Manager Credit
      685 Cedar Crest Road
      Spartanburg, SC 29301
      Tel: (864) 587-3461
      Email: brian.eliasson@adidas-group.com

   4. VF Outdoor, LLC
      c/o Darin Newton
      Director of Credit
      N850 County Highway CB
      Appleton, WI 54912
      Tel: (920) 735-6849
      Email: darin_newton@vfc.com

   5. Sports Land Inc.
      c/o Dundon Advisers LLC
      PO Box 259H
      Scarsdale, NY 10583
      Tel: (917) 838-1930
      Email: md@dundon.com

      Attorney:
      Byung Hui Hwang, Esq.
      BH Hwang Law Office
      1111 Plaza Drive #755
      Schaumburg, IL 60173
      Tel: (847) 517-3696
      Email: brian@bhwhang.com

   6. Nike USA Inc.
      Attn: Noel Runge
      One Bowerman Drive
      Beaverton, OR 97005
      Tel: (503) 532-9918
      Fax: (503) 395-2762
      Email: noel.runge@nike.com

      Attorney:
      Anthony Saccullo, Esq.
      27 Crimson King Drive
      Tel: (302) 836-8877
      Fax: (302) 836-8787
      Email: ams@saccullolegal.com

   7. GGP Limited Partnership
      110 North Wacker Driver
      Chicago, IL 60606
      Attn: Julie Minnick Bowden
      Bankruptcy Manager
      Tel: (312) 960-2707
      Fax: (312) 442-6374
      Email: julie.minnick@ggp.com

      Attorney:
      Ivan Gold, Esq.
      ALLEN MATKIN LECK GAMBLE & MALLORY, LLP
      Three Embarcadero Center, 12th Floor
      San Francisco, CA 94111-4015
      Tel: (415) 273-7431
      Fax: (415) 837-1516
      Email: igold@allen.matkins.com

   8. Simon Property Group
      c/o Ronald Tucker
      Vice President/Bankruptcy Counsel
      225 W. Washington Street
      Indianapolis, IN 46204
      Tel: (317) 263-2346
      Fax: (317) 263-7901
      Email: rtucker@simon.com

   9. Macerich
      Attn: William Palmer
      AVP Asset Management
      1175 Pittsford, Victor Road
      Rochester, NY 14534
      Tel: (585) 249-4421
      Email: bill.palmer@macerich.com

      Attorney:
      Dustin P. Branch, Esq.
      BALLARD SPAHR LLP
      2029 Century Park East, Suite 800
      Los Angeles, CA 90067
      Tel: (424 204-4354
      Email: branchd@ballardspahr.com

                      About Shiekh Shoes LLC

Based in Ontario, California, Shiekh Shoes, LLC --
http://www.shiekhshoes.com/-- is a shoe retailer with 79 locations
in California, five in Nevada, 11 in Arizona, 11 in Texas, two in
New Mexico, one in Oregon, six in Illinois, eight in Michigan, and
five in Washington.  Shiekh Shoes features brands like Shiekh,
Adidas, Puma, Timberland, Converse, among others.  It offers dress,
casual, athletic, infant, toddler, youth, basketball, running,
training, and skate shoes; slippers, sandals, wedges, pumps, boots,
high heels, and sneakers; and apparel.  The company was founded in
1991.

Shiekh Shoes sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. C.D. Calif. Case No. 17-24626) on November 29, 2017.
Shiekh E. Ellahi, its chief executive officer, signed the
petition.

At the time of the filing, the Debtor disclosed that it had
estimated assets and liabilities of $50 million to $100 million.

Judge Vincent P. Zurzolo presides over the case.


SINCLAIR'S RESTAURANT: Jan. 23 Plan Confirmation Hearing
--------------------------------------------------------
Judge Cynthia A. Norton of the U.S. Bankruptcy Court for the
Western District of Missouri conditionally approved the disclosure
statement filed by Sinclair's Restaurant, LLC on November 22,
2017.

January 23, 2018 at 2:00 p.m. is fixed for the hearing on final
approval of the disclosure statement and for the hearing on
confirmation of the plan.

January 5, 2018 is the deadline for filing objections to the
disclosure statement or plan confirmation, as well as for the
submission of ballots accepting or rejecting the plan.

                   About Sinclair's Restaurant

Sinclair's Restaurant, LLC, operates a restaurant at 1402 NW
Highway 7, Blue Springs, Missouri.  The company sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Mo. Case No.
16-43488) on Dec. 27, 2016.  The petition was signed by Shane
Miller, member.  

At the time of the filing, the Debtor estimated assets of less than
$50,000 and liabilities of less than $500,000.

Colin N. Gotham, Esq., at Evans & Mullinix, P.A., serves as the
Debtor's bankruptcy counsel.


SIRIUS XM: Ruling to Up Royalty Rate No Impact on Moody's Ba3 CFR
-----------------------------------------------------------------
Moody's Investors Service said Sirius XM Radio Inc.'s Ba3 Corporate
Family Rating (CFR), existing debt ratings and stable rating
outlook are not impacted by the Copyright Royalty Board's (CRB)
decision on December 14, 2017 to increase the company's statutory
royalty rate to 15.5% of its gross revenue, which Sirius XM will
pay to the record labels and performing artists for sound
recordings and public performances of their songs on its satellite
radio service over the next five years.  

Headquartered in New York, NY, Sirius XM Radio Inc., is a
wholly-owned operating subsidiary of Sirius XM Holdings Inc., which
provides satellite radio services in the United States and Canada
through a fleet of five owned satellites.


SPECTRA7 MICROSYSTEMS: Enters Into Limited Loan Facility Waiver
---------------------------------------------------------------
Spectra7 Microsystems Inc., a provider of high-performance analog
semiconductor products for broadband connectivity markets on Dec.
20 disclosed that it has entered into a limited waiver (the
"Waiver") to its US$6,500,000 senior secured term loan facility
with MidCap Financial (the "Loan Facility").  The Waiver, among
other things and subject to the satisfaction of certain conditions
set forth therein, (i) waives the applicable prepayment fee of 5%
pursuant to the Loan Facility, and (ii) reduces the applicable exit
fee in relation to the Loan Facility.

In consideration for entering into the Waiver, the lender under the
Loan Facility has agreed, subject to the conditions set forth in
the Waiver, to surrender to the Company for cancellation
outstanding warrants to purchase up to 1,605,010 common shares in
the capital of the Company ("Common Shares") and the Company has
agreed to issue new warrants to purchase up to 2,205,010 Common
Shares (the "Waiver Warrants") with each Waiver Warrant being
exercisable until
February 24, 2022 into one Common Share at an exercise price equal
to the volume weighted average price of the Common Shares on the
Toronto Stock Exchange for the 5 days preceding the issue date of
the Waiver.  The transactions contemplated by the Waiver are
expected to occur on closing of the Offering (as defined below),
and are subject to the approval of the Toronto Stock Exchange and
the other conditions set forth therein.

The Company intends to use a portion of the net proceeds from the
$15,000,000 bought deal public offering of units (the "Offering"),
as previously announced on December 14, 2017, for the repayment of
the Loan Facility.  The closing of the Offering is scheduled to
occur on or about January 9, 2018.

                  About Spectra7 Microsystems

Spectra7 Microsystems Inc. -- http://www.spectra7.com/-- is a high
performance analog semiconductor company delivering unprecedented
bandwidth, speed and resolution to enable disruptive industrial
design for leading electronics manufacturers in broadband
connectivity markets.  Spectra7 is based in San Jose, California
with design centers in Markham, Ontario, Cork, Ireland, and Little
Rock, Arkansas.


ST. JOSEPH'S COLLEGE: Moody's Revises Ratings Outlook to Stable
---------------------------------------------------------------
Moody's Investors Service has revised the outlook for St. Joseph's
College (NY) to stable from negative and has affirmed the Ba1 on
$25 million of rated debt issued through the Dormitory Authority of
the State of New York as well as the Ba1 long-term issuer rating.

RATINGS RATIONALE

The revision of the outlook to stable is based on the college's
improved fiscal performance and stable enrollment after a period of
enrollment declines and outsized endowment spending. The college's
mid-sized operating scale with two campuses (Brooklyn and Long
Island), low debt and demonstrated ability to adapt operations
contribute favorably to its credit quality. Credit challenges
include a high reliance on student charges in a crowded,
competitive market and thin liquidity to cushion potential revenue
volatility.

RATING OUTLOOK

The stable outlook is based on expectations of continued stable
enrollment and positive operating performance, which will provide
modest funds for improved liquidity and strategic investment.

FACTORS THAT COULD LEAD TO AN UPGRADE

- Significant growth of liquid reserves

- Stabilized enrollment combined with continued revenue growth
   and sustained improvement of operating performance

FACTORS THAT COULD LEAD TO A DOWNGRADE

- A return to deficit operations and declining enrollment

- Further reduction of already weakened liquidity

- Material increase in debt without sustained improved cash flow
   to support debt service or anticipated financial commitment to
   privatized student housing

LEGAL SECURITY

Rated debt is a general obligation of the college with a security
interest in tuition and fees equal to maximum annual debt service
and a cash-funded debt service reserve fund equal to MADS. In
addition, DASNY has a mortgage interest on the projects, which
include athletic facilities on the Brooklyn and Patchogue campuses,
a parking facility at the Brooklyn campus, and certain lab space on
the Patchogue campus, and a security interest in certain fixtures,
furnishings and equipment and may assign these interests to the
trustee. Unless the mortgage and security interest are assigned to
the trustee, neither is pledged to bondholders.

USE OF PROCEEDS

Not applicable.

PROFILE

St. Joseph's College is a mid-sized private college with campuses
in Brooklyn and Long Island. The college enrolled approximately
4,500 students in fall 2017 and had fiscal 2017 operating revenue
of $86 million.

METHODOLOGY

The principal methodology used in this rating was Global Higher
Education published in November 2015.


SUNOCO LP: Fitch Keeps BB- Long-Term IDR on Rating Watch Positive
-----------------------------------------------------------------
Fitch Ratings maintains the Rating Watch Positive on Sunoco, LP
(SUN) and Sunoco Finance Corp. Fitch placed the ratings on Positive
Watch in April 2017 after the announcement that SUN would be
selling 1,110 convenience stores to 7-Eleven, Inc. (7-Eleven).

Total consideration for the transaction is expected to be $3.3
billion in cash plus fuel, merchandise and other inventories. SUN
expects to use the proceeds to repay indebtedness and for general
partnership purposes.

The transaction is subject to regulatory clearances and customary
closing conditions and was expected to close by the fourth quarter
of 2017. However, the regulatory process has taken longer than
Fitch had expected. Fitch continues to expect that regulatory
clearances will be obtained, and any changes to the April deal as a
result of the regulatory process are not likely to have a material
impact on SUN's leverage reduction and distribution coverage
improvements.

On Dec. 5, 2017 7-Eleven and SUN announced that they remain jointly
committed to closing "the value-creating transaction" whereby
7-Eleven will purchase the large majority of SUN's retail business.
The companies believe the transaction to be in the latter stages of
the regulatory approval process with the Federal Trade Commission.
Subject to completion of the regulatory process and customary
closing conditions, closing should occur in January 2018.

The Positive Watch reflects expected improvement in SUN's credit
profile from the sale of most of its convenience store business and
the planned reduction in leverage, provided proceeds are used to
strengthen SUN's balance sheet through at least a partial pay down
of debt. Additionally, Fitch believes that the wholesale fuel
business, supported in part by a long-term (15-year) fixed rate
contract with 7-Eleven, should generate fairly consistent earnings
and cash flows for SUN. Total earnings and cash flow for SUN will
be at lower levels than previously expected, prior to the retail
sale, but increased cash flow consistency coupled with management's
stated objective to run the business with a lower leverage
(debt/adjusted EBITDA) target of 4.5x to 4.75x and distribution
coverage of 1.1x or higher should result in better capitalized and
lower business risk for SUN. Fitch would look to resolve the Rating
Watch at or near transaction close in early 2018.

Concerns include high levels of competition within the wholesale
motor fuel distribution sector, which is highly fragmented;
currently high leverage and low distribution coverage, though this
is expected to be addressed with retail sale proceeds; and
execution risk around the retail sale closing and existing debt
reduction.

KEY RATING DRIVERS

Focus on Wholesale: The sale represents the largest step of a
transformational strategy shift for SUN, which will exit the retail
side of its business to instead focus on wholesale fuel
distribution and other master limited partnership (MLP) qualifying
income assets. Approximately 200 convenience stores in North and
West Texas, New Mexico and Oklahoma will be converted to a
commission agent model whereby a commission agent will operate the
stores and SUN will generate rental income from this agent and
capture a material portion of fuel margin less a commission to the
agent. After pursuing a possible sale of these 207 stations
management believes the commission agent model to be the best
option with regard to retained EBITDA for SUN versus after-tax
sales proceeds. SUN's Aloha Petroleum business unit in Hawaii will
continue to operate within SUN.

Revenue and Cash Flow Stability: As part of the transaction, SUN
will enter into a 15-year take-or-pay fuel supply agreement with a
7-Eleven subsidiary under which SUN will supply approximately 2.2
billion gallons of fuel annually. This supply agreement will have
guaranteed annual payments to SUN, provides that 7-Eleven will
continue to use the Sunoco brand at currently branded Sunoco
stores, and includes committed growth in future periods. Fitch
believes that this agreement along with wholesale revenues from
SUN's other distributor, dealer, and commercial channel sales and
planned reductions in selling, general and administrative costs
should provide a stable source of revenue and cash flow generation
for a smaller SUN.

Sponsor Relationship: SUN's ratings are largely reflective of its
stand-alone credit profile with no express linkage to its parent
company. SUN's ratings however do consider its relationship with
its sponsor and general partner Energy Transfer Equity, LP (ETE;
BB/Stable) as being generally favorable. SUN is part of the Energy
Transfer family of partnerships. It is owned by ETE, which owns
100% of SUN's incentive distribution rights and the non-economic
general partner interest in SUN. ETE subsidiary and SUN affiliate
Energy Transfer Partners, L.P. (ETP; BBB-/Stable) also owns a
significant amount of SUN's outstanding limited partnership units.

Fitch believes SUN's affiliation with ETE and ETP generally
provides modest benefits to SUN, particularly in providing an
option for financing, like SUN's March 2017 preferred equity
offering, or a potential lever for retaining near-term cash through
distribution waivers provided by its sponsor or affiliate
partnerships. However, no waivers have been announced or are
expected with the sale of the retail business expected to generate
enough proceeds for management to achieve its publicly targeted
leverage and coverage goals. These benefits are not typically
available to stand-alone partnerships and ultimately Fitch believes
the affiliation with ETE and ETP helps lessen event financing and
operating risks for SUN.

DERIVATION SUMMARY

SUN's focus primarily on wholesale motor fuel distribution and
logistics is unique relative to Fitch's other midstream energy
coverage. Wholesale fuel distribution tends to be a highly
fragmented market with relatively low operating margins and largely
dependent on motor fuel demand which can be seasonal and cyclical.
With the sale of its retail business and a portion of the proceeds
expected to be used to pay down its existing indebtedness Sunoco
LP's leverage should improve to levels more consistent with a
mid-'BB' rating for midstream energy names. Leverage at SUN is
expected to be in line with other seasonally or cyclically exposed
midstream energy names.

SUN's expected 2018 leverage in the 4.5x to 5.0x range is
consistent with 'BB' rated Amerigas Partners, LP which is had
trailing four quarters leverage at Sept. 30, 2017 of roughly 4.7x,
though retail propane demand tends to more seasonally affected than
motor fuel demand. SUN size and scale is expected to be consistent
with Fitch's targets for 'BB' rated master limited partnerships,
which Fitch typically expect to have EBITDA of roughly $500 million
per year.

KEY ASSUMPTIONS

Fitch's Key Assumptions Within Fitch Rating Case for the Issuer
Closure of sale of retail businesses to 7-Eleven for $3.3 billion
in 1Q18 with net proceeds from the sale used in part to reduce
leverage through pay down of existing term loan and some of its
other outstanding debt with a focus on management on successfully
lowering leverage to 4.5x to 4.75x and distribution coverage above
1.0x.

RATING SENSITIVITIES

Developments That May, Individually or Collectively, Lead to
Positive Rating Action
The successful closure of the sale of the retail business and a
meaningful reduction in leverage with a capitalization plan focused
on getting leverage between 4.5x to 5.0x on a sustained basis would
likely lead to a one notch upgrade. Leverage between 5.0x and 5.5x
on a sustained basis would likely lead to a stabilization of SUN's
Outlook at current ratings levels.

Developments That May, Individually or Collectively, Lead to
Negative Rating Action
-- Deteriorating EBIT margins at or below 1% on a consistent
    basis could lead to further negative rating action.
    Deterioration of wholesale fuel margins to below management
    guided 8 to 9.5 cent per gallon range on a sustained basis.
-- Distribution coverage ratio below 1x, combined with leverage
    ratios above 5.5x on a sustained basis could result in
    negative rating action.

LIQUIDITY

Liquidity to Improve: As of Sept. 30, 2017 SUN had $86 million in
cash and $847 million in availability under its under its $1.5
billion revolving credit facility. On Oct. 16, 2017 SUN amended its
credit facility to amended the agreement to permit the dispositions
contemplated by the retail sale, to extend the interest coverage
ratio covenant of 2.25x through maturity, to modify the definition
of consolidated EBITDA to include projected margins from the
minimum gallons to be purchased under any fuel supply contract
entered into in connection with the 7-Eleven transaction, and to
modify the leverage ratio covenants.

In the event no disposition is consummated, SUN must maintain the
following leverage ratios as of the last day of each fiscal
quarter:

-- As of Dec. 31, 2017: not more than 6.75x;
-- As of March 31, 2018: not more than 6.50x;
-- As of June 30, 2018: not more than 6.25x;
-- As of Sept. 30, 2018: not more than 6.0x;
-- As of Dec. 31, 2018: not more than 5.75x;
-- Thereafter: not more than 5.5x.

In the event that a disposition of the 7-Eleven Assets or the
disposition of the West Texas Assets (but not both of them) has
been consummated, SUN must maintain the following leverage ratios
as of the last day of each fiscal quarter:

-- As of Dec. 31, 2017: not more than 6.0x;
-- As of March 31, 2018: not more than 5.75x;
-- As of June 30, 2018: not more than 5.5x;
-- As of Sept. 30, 2018: not more than 5.5x;
-- As of Dec. 31, 2018: not more than 5.5x;
-- Thereafter: not more than 5.5x.

In the event both the dispositions of the 7-Eleven Assets and the
disposition of the West Texas Assets have been consummated, SUN
must maintain the following leverage ratios as of the last day of
each fiscal quarter:

-- As of Dec. 31, 2017: not more than 5.75x;
-- As of March 31, 2018: not more than 5.75x;
-- As of June 30, 2018: not more than 5.5x;
-- As of Sept. 30, 2018: not more than 5.5x;
-- As of Dec. 31, 2018: not more than 5.5x;
-- Thereafter: not more than 5.5x.

Notwithstanding the foregoing, if a specified acquisition period is
in effect at any time that the maximum leverage ratio would
otherwise be 5.5x, such maximum leverage ratio shall be 6.0x. As of
Sept. 30, 2017 SUN was in compliance with its covenants, and Fitch
believes that SUN will remain in compliance with its covenants
provided the 7-Eleven sale closes in the 1Q 2018.

FULL LIST OF RATING ACTIONS

Fitch maintained the following ratings on Rating Watch Positive:

Sunoco, LP
-- Long-Term Issuer Default Rating (IDR) 'BB-';
-- Senior secured rating 'BB/RR1';
-- Senior unsecured rating 'BB-/RR4'.

Sunoco Finance Corp.
-- Senior unsecured rating 'BB-/RR4'.


SURFACE DRILLING: Taps Coskey as Land Title Consultant
------------------------------------------------------
Surface Drilling of Texas, LLC seeks approval from the U.S.
Bankruptcy Court for the Western District of Texas to hire Coskey
Land Services, LLC as land title consultant.

The firm will assist the Debtor in determining the ownership of
certain working interests and liens to several oil and gas wells or
leasehold estates, which it drilled prior to the petition date and
for which it was not paid.

The firm will charge $450 per day for its services.

Coskey has no connection with the Debtor or any of its creditors,
according to court filings.

The firm can be reached through:

     Lana Cox Coskey
     Coskey Land Services, LLC
     1916 W. Old Tyler Highway
     Troup, TX 75789
     Tel: (903) 625-0765)

                  About Surface Drilling of Texas

Surface Drilling sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D. Tex. Case No. 17-70155) on Sept. 19,
2017.  Tyson Cornwell, manager, signed the petition.  The Debtor
disclosed $1.24 million in assets and $2.39 million in
liabilities.

Founded in 2013, Surface Drilling of Texas, LLC, provides drilling
services to the energy industry.  It is a small business debtor as
defined in 11 U.S.C. Section 101(51D), posting gross revenue of $4
million in 2016 and gross revenue of $2.14 million in 2015.

Judge Tony M. Davis presides over the case.  Todd J. Johnston,
Esq., at McWhorter Cobb & Johnson, LLP, in Lubbock, Texas, serves
as counsel to the Debtor.


SURFACE DRILLING: Taps Leah Craig as Accountant
-----------------------------------------------
Surface Drilling of Texas, LLC seeks approval from the U.S.
Bankruptcy Court for the Western District of Texas to hire Leah
Craig as its accountant.

Ms. Craig will generally assist the Debtor with procuring
information and records needed for the administration of its
Chapter 11 case.  She will charge $115 per hour for her services.

Ms. Craig has no connection with the Debtor or any of its
creditors, according to court filings.

Ms. Craig maintains an office at:

     Leah Craig, E.A.
     2030 W. Cuthbert, Suite 4
     Midland, TX 79701
     Tel: (432) 664-4949
     Fax: (432) 684-9203

                  About Surface Drilling of Texas

Surface Drilling sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D. Tex. Case No. 17-70155) on Sept. 19,
2017.  Tyson Cornwell, its manager, signed the petition.  The
Debtor disclosed $1.24 million in assets and $2.39 million in
liabilities.

Founded in 2013, Surface Drilling of Texas, LLC, provides drilling
services to the energy industry.  It is a small business debtor as
defined in 11 U.S.C. Section 101(51D), posting gross revenue of $4
million in 2016 and gross revenue of $2.14 million in 2015.

Judge Tony M. Davis presides over the case.  Todd J. Johnston,
Esq., at McWhorter Cobb & Johnson, LLP, in Lubbock, Texas, serves
as counsel to the Debtor.


SUTTON LUMBER: Unsecureds to Get $1,000 Monthly Plus 4.25%
----------------------------------------------------------
Sutton Lumber Co., Inc. filed a disclosure statement for its third
amended plan of reorganization dated November 29, 2017 with the
U.S. Bankrupty Court for the Northern District of Georgia.

Each holder of a general unsecured claim shall share pro-rata in
monthly payments of $1,000.00 until paid in full plus interest
accruing at the annual rate of 4.25% annually.

The following tax claims shall be paid in equal monthly payments
commencing on the 28th day of the first full month following the
effective date and continuing by the 28th day of each subsequent
month (or the next business day if the 28th day is not a business
day). Interest shall accrue on the principal amount due from the
effective date at the annual rate specified or such lesser rate as
(i) agreed to by the tax claimant or (ii) indicated on the
applicable proof of claim. Notwithstanding anything to the contrary
herein, debtor shall pay the balance of the allowed tax claim with
a balloon payment on the 5-year anniversary of the filing date
(i.e. February 1, 2021) unless the tax claimant agrees to a longer
payment term, which such agreement may be communicated by the tax
claimant continuing to accept monthly payments after February 1,
2021.

       Tax Claimant         Tax Claim    Monthly   Annual
                                         Payment  Interest
  -----------------------   -----------  -------  --------
  Internal Revenue          $671,672.10  $3,000      3%
    Service (IRS)
  Georgia Department        $253,824.40   $500       7%
    of Revenue (GDR)
  Georgia Department        $47,682.05    $500      6.5%
    of Labor (GDL)
  Murray County Tax         $18,913.88    $500      6.5%
    Commissioner

The general unsecured tax claims of the IRS and the GDR, in the
amount of $180,160.49 and $19,199.03, respectively, are
specifically classified as and will be paid pursuant to the general
unsecured Class.

Debtor shall pay the allowed secured claim to First Bank of Dalton
(i) at the rate of $12,000.00 per month commencing on the 28th day
of the first full month following the effective date (or the next
business day if the 28th does not fall on a business day) and
continuing by the 28th day of each subsequent month for a total of
12 months and (ii) increasing to $15,000.00 per month on the 28th
day of the 13th full month through the 60th full month following
the effective date (or the next business day if the 28th does not
fall on a business day (iii) a final payment (i.e. a balloon
payment) on the 28th day of the 61st full month following the
effective date. Interest shall accrue on the principal balance of
the secured claim at the annual rate of 5.25%.

In the alternative, the First Bank of Dalton may also opt to let
the Debtor surrender all its rights and interests in the First Bank
of Dalton collateral by execution of a quit claim deed in favor of
First Bank of Dalton in complete satisfaction of and for a credit
in the amount of the secured claim.

The source of funds for the payments pursuant to the plan is

     (1) the continued operation of the sawmill, chip plant,
         planning mill and power plant, and
     (2) sale, leasing or refinancing of Debtor's assets and
         business segments.

A full-text copy of Sutton Lumber's disclosure statement is
available at:

            http://bankrupt.com/misc/ganb16-40233-110.pdf

                       About Sutton Lumber

Headquartered in Tennga, Georgia, Sutton Lumber Co., Inc., operates
a sawmill, planning mill, chip mill and power plant located on
property owned by the Debtor.  At the sawmill, the Debtor converts
logs that it purchases from third parties into lumber.  At the
planning mill, the Debtor takes cut and seasoned boards or lumber
from the sawmill and turns them into finished, smoothed,
dimensional lumber for various uses by its customers.  At the chip
mill, the Debtor grinds whole logs into wood chips for use in paper
for the Debtor's customers.  At the power plant, the Debtor
generates power which it uses to run its operations and sells the
excess power to the Tennessee Valley Authority.  The Debtor is
owned by Harold Sutton and Doyle Sutton.

The Debtor filed for Chapter 11 bankruptcy protection (Bankr. N.D.
Ga. Case No. 16-40233) on Feb. 1, 2016, estimating its assets at up
to $50,000 and its liabilities at between $1 million and $10
million.  The petition was signed by Harold Sutton, president.

Judge Paul W. Bonapfel presides over the case.

Leslie M. Pineyro, Esq., at Jones And Walden, LLC, serves as the
Debtor's bankruptcy counsel.


TERRAVIA HOLDINGS: Exclusive Plan Filing Period Moved to Feb. 28
----------------------------------------------------------------
The Hon. Christopher S. Sontchi of the U.S. Bankruptcy Court for
the District of Delaware has extended the exclusive period for
TerraVia Holdings, Inc. (formerly known as Solazyme, Inc.) and
certain of its subsidiaries to file and to solicit acceptance of a
Chapter 11 Plan by approximately 90 days through and including
February 28 and April 30, 2018, respectively.

The Troubled Company Reporter has previously reported that the
Debtors asked the Court for a 90-day extension of the exclusive
periods.

Following the consummation of the sale transactions on September 26
and 28, 2017, the Debtors have pursued to wind down these Chapter
11 Cases through a plan confirmation process. The Debtors claimed
that closing the Sales require the focused effort of their
workforce and professionals.

On October 31, 2017, the Debtors filed the Combined Disclosure
Statement and Chapter 11 Plan of Liquidation Proposed by the
Debtors.

Since the closing date, the Debtors have devoted significant time
and effort to assisting with the transition of the assets to the
purchasers in as seamless a manner as possible. The Debtors have
also taken numerous other steps to conclude these Chapter 11 Cases,
including, but not limited, (a) establishing a bar date for filing
proofs of claim, and (b) rejecting the non-residential real
property lease of their headquarters.

Most significantly, the Debtors have recently obtained interim
approval from the Court of the Combined Disclosure Statement and
Plan for solicitation purposes only. The Court has scheduled a
hearing to consider confirmation of the Combined Disclosure
Statement and Plan for January 8, 2018.

The Debtors, however, said they require additional time to pursue
confirmation of the Combined Disclosure Statement and Plan beyond
the 60 days currently afforded under the initial Exclusive
Solicitation Period, and to address any unforeseen delays
experienced in connection with such efforts.

The Debtors claimed that the requested extensions will give them
full and fair opportunity to complete their solicitation and
confirmation process without the distraction, cost and delay of a
competing plan process.

                       About TerraVia

Headquartered in South San Francisco, California, TerraVia
Holdings, Inc. (NASDAQ:TVIA) -- http://www.terravia.com/-- is a
plant-based food, nutrition and specialty ingredients company that
harnesses the power of algae, the mother of all plants and earth's
original superfood.  TerraVia also manufactures a range of
specialty personal care ingredients for key strategic partners.

On Aug. 2, 2017, TerraVia Holdings, Inc., and its wholly-owned U.S.
subsidiaries filed voluntary petitions under chapter 11 of title 11
of the United States Code (Bankr. D. Del. Lead Case No. 17-11655).
The subsidiary debtors in the Chapter 11 cases are Solazyme Brazil
LLC and Solazyme Manufacturing 1, LLC.

The Debtors sought bankruptcy protection after reaching a deal to
sell the assets to Corbion N.V. for $20 million in cash plus the
assumption of liabilities.

The Debtors hired Davis Polk & Wardwell LLP as their lead counsel
and Richards, Layton & Finger, P.A., as co-counsel.  Kurtzman
Carson Consultants LLC is the Debtors' claims agent.

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


UNILIFE CORP: Court Confirms Plan of Liquidation
------------------------------------------------
BankruptcyData.com reported that the U.S. Bankruptcy Court
confirmed Unilife's First Amended Combined Disclosure Statement and
Chapter 11 Plan of Liquidation, which notes, "This Combined plan
and Disclosure Statement contemplates the creation of a Liquidation
Trust from which, pursuant to the terms of this Combined Plan and
Disclosure Statement and the Liquidation Trust Agreement,
distributions shall be made for the benefit of holders of various
allowed claims. On or as soon as practicable after the Effective
Date, the Debtors shall pay the administrative expense claims
allowed as of the effective date, fund the professional fee reserve
and the wind down Reserve, and transfer the Liquidation Trust
Funding amount to the Liquidation Trustee. This Combined Plan and
Disclosure Statement provides for the liquidation of the Debtors
under chapter 11 of the Bankruptcy Code. Although a case under
chapter 7 of the Bankruptcy Code would also entail the Debtors'
liquidation, the Debtors believe that their liquidation under
chapter 7 would be costlier and more time-consuming than the
process provided for herein and, as a result, Creditors would be
disadvantaged were a chapter 7 liquidation to be pursued
instead….Further, any distribution to Creditors in a chapter 7
case is likely to be delayed due to time necessary for the trustee
and his or her advisors to get 'up to speed' and the absence of
certain deadlines imposed by the plan. Accordingly, the Debtors
believe that in a chapter 7 liquidation, holders of claims and
equity interests would receive less than such holders would receive
under the Combine Plan and Disclosure Statement."

                   About Unilife Corporation

Unilife Corporation -- http://www.unilife.com-- is a U.S.-based
developer and commercial supplier of injectable drug delivery
systems.  Unilife has a portfolio of innovative, differentiated
products with a primary focus on wearable injectors.  Products
within each platform are customizable to address specific customer,
drug and patient requirements.

Unilife Corporation filed a Chapter 11 bankruptcy petition (Bankr.
S.D.N.Y. Case No. 17-10805) on April 12, 2017.  John Ryan, chief
executive officer, signed the petition.  

The Debtor disclosed total assets of $82.98 million and total
liabilities of $201.0 million as of the bankruptcy filing.

The Hon. Laurie Selber Silverstein presides over the case.  

Cozen O'Connor serves as counsel to the Debtor.

An official committee of unsecured creditors has been appointed in
the case.  The panel retained Lowenstein Sandler LLP as counsel.


UNITY COURIER: Exclusive Solicitation Period Extended to April 26
-----------------------------------------------------------------
The Hon. Ernest M. Robles of the U.S. Bankruptcy Court for the
Central District of California has extended Unity Courier Service,
Inc.'s exclusive period to obtain acceptances of its plan of
reorganization to and including April 26, 2018.

As reported by the Troubled Company Reporter on Dec. 5, 2017, the
Debtor sought the extension, stating that it timely filed its Plan
and Disclosure Statement prior to the expiration of the filing
deadline, it believes the Disclosure Statement may require
amendment, and therefore, it may need additional time to amend the
Disclosure Statement and Plan, and timely comply with all
applicable rules pertaining to the confirmation of the Plan.

                    About Unity Courier Service

Unity Courier Service, Inc., is a courier services provider.  It
delivers individually addressed letters, parcels, and packages to
customers in the United States.

Unity Courier Service sought Chapter 11 protection (Bankr. C.D.
Cal. Case No. 17-13943) on March 31, 2017, estimating assets and
liabilities in the range of $1 million to $10 million.  The
petition was signed by Larry Lum, its president.

Judge Ernest M. Robles is assigned to the case.

The Debtor employed Ira Benjamin Katz, a professional corporation,
and the Law Offices of David W. Meadows as general bankruptcy
counsel.


US DATAWORKS: Plan Effective Data Announced
-------------------------------------------
BankruptcyData.com reported that US Dataworks announced in
mid-December that its Combined Disclosure Statement and Plan of
Liquidation is now effective and that the Company has emerged from
Chapter 11 protection.  The U.S. Bankruptcy Court confirmed the
Plan on November 29, 2017; however, an effective date notice has
not been docketed.  In accordance with the terms of the Plan, all
outstanding shares of the Company's common stock are cancelled and
will receive no distributions under the Plan.  BankruptcyData's
detailed Plan Summary notes, "The Plan proposes to pay creditors of
the Debtor from the proceeds of the sale of substantially all of
the Debtor's assets.  Debtor believes that the proposed financing
and other relief sought will enable the Debtor and its stakeholders
to implement an orderly Liquidation through its chapter 11
bankruptcy case.  On July 20, 2017, the Debtor sold its business
assets to a subsidiary of Bankers Bancorp of Oklahoma, Inc. The
price for the assets to be purchased is $1,790,000."

                      About US Dataworks

Headquartered in Sugar Land, Texas, US Dataworks, Inc. (otc
pinksheets:UDWK) -- http://www.usdataworks.com/-- is a software
and technology provider serving the financial services sector.  Its
board of directors currently consists of two directors -- John
Penrod and Joe Saporito.  Mr. Penrod is also the Debtor's CEO and
president who has been with the company since 2010.  Mr. Saporito
is the CAO for Rackspace Managed Hosting.

US Dataworks filed a Chapter 11 petition (Bankr. S.D. Tex. Case No.
17-32765) on May 1, 2017.  Mr. Penrod signed the petition.  At the
time of filing, the Debtor disclosed $2.67 million in assets and
$3.98 million in liabilities.

No trustee or examiner has been appointed in the case.

The case is assigned to Judge Jeff Bohm.  

Wayne Kitchens, Esq., at Hughes Watters Askanase LLP, is the
Debtor's bankruptcy counsel.  The Debtor hired Loftis Law Firm as
special corporate, securities and outside general counsel.


UW OSHKOSH FOUNDATION: Needs Until June 2018 to File Exit Plan
--------------------------------------------------------------
The University of Wisconsin Oshkosh Foundation, Inc. requests the
U.S. Bankruptcy Court for the Eastern District of Wisconsin to
extend each of the exclusive periods, by approximately 183 days, to
June 16, 2018, for filing a chapter 11 plan and August 15, 2018, to
solicit acceptances of such plan.

The Debtor claims that its case is complex case requiring certain
issues to be determined prior to the Debtor and creditors making an
intelligent decision on how the case should proceed. Currently,
there are three adversary proceedings which, when adjudicated, will
dictate the contents and tenor of a proposed Chapter 11 Plan.

The Debtor tells the Court that if it is successful in its
Adversary Proceeding to enforce the guaranties by the University of
Wisconsin Board of Regents of the obligations to its major
creditors, the case may very well be resolved and dismissed.  On
the other hand, if the Debtor does not prevail in that Adversary
Proceeding, then a Plan of Reorganization will have to be
determined within the parameters of Chapter 11 of the Bankruptcy
Code.  The second Adversary Proceeding would then govern as to the
required terms of such a Plan of Reorganization.

The Debtor further tells the Court that if the endowment and
restricted funds held by the Debtor are determined to be held in
trust, and those assets are not subject to the creditors' claims
and a Plan would pay all of net equity of the Debtor's assets to
its creditors, then Debtor would be discharged of any further
obligation, allowing it to continue its charitable purpose.

Moreover, one of the assets owned by the Debtor -- the Alumni
Welcome Conference Center -- which was transferred to the Debtor
consistent with terms contained in the loan documents prior to the
filing of the bankruptcy, has been used by the University of
Wisconsin-Oshkosh for some years with no monetary compensation
other than maintenance and repair of the building.

The Debtor submits that significant issues would have to be
negotiated or litigated with regard to the value conferred to the
University by the use of the building which has been continuously
owned either by a wholly-owned LLC of the Debtor or, since just
prior to the bankruptcy filing, the Debtor outright. In this event,
creditors would rightly want to determine the fair value of the use
of the facility, less any costs of operation, and thus seek
compensation which would ultimately be paid to unsecured creditors
in this case.

As such, the Debtor asserts that the complexities of this case
justify an extension of the Debtor's exclusive periods. The Debtor
asserts that the specific terms of such a Plan – either the
liquidation and/or valuation of significant assets owned by the
Debtor or in LLCs in which the Debtor is either the sole or partial
owner of assets -- would likely be negotiated with the various
creditors in order to maximize the return to creditors, which is
the goal of the Debtor in this case.

                  About University of Wisconsin
                     Oshkosh Foundation Inc.

Established in 1963, the University of Wisconsin Oshkosh Foundation
-- https://www.uwosh.edu/foundation -- was created to promote,
receive, invest and disburse gifts to meet the goals and needs of
the University of Wisconsin Oshkosh.  Its offices are located in
the Alumni Welcome and Conference Center along the Fox River.

UW Oshkosh Foundation is a separate and distinct legal entity from
UW Oshkosh and qualifies as a tax-exempt 501(c)(3) organization
under the United States Internal Revenue Code.  It owns a fee
simple interest in the Alumni Welcome & Conference Center located
at 625 Pearl Avenue, Oshkosh, valued at $11.8 million.  It is also
a fee simple owner of a residence located at 1423 Congress Avenue,
Oshkosh, with a current value of $375,000.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. E.D. Wis. Case No. 17-28077) on Aug. 17, 2017.
Timothy C. Mulloy, chairman of the Board, signed the petition.

At the time of the filing, the Debtor disclosed $14.84 million in
assets and $15.87 million in liabilities.

Judge Susan V. Kelley presides over the case.  The Debtor hired
Steinhilber Swanson LLP as its bankruptcy counsel; Martin Cowie as
its chief financial officer; and CliftonLarsonAllen as its
accountant.


VERMEIL LLC: Jan. 16 Plan Confirmation Hearing
----------------------------------------------
Judge Elizabeth S. Stong of the U.S. Bankruptcy Court for the
Eastern District of New York conditionally approved the third
amended disclosure statement filed by The Vermeil LLC and Sterling
& Seventh LLC on November 21, 2017.

January 17, 2018 is fixed as the last day for filing written
acceptances or rejections of the Plan.

A hearing on final approval of the amended disclosure statement and
on confirmation of the plan is set for January 16, 2018.

December 22, 2017 is fixed as the last day for filing and serving
written objections to the disclosure statement and confirmation of
the plan.

                  About The Vermeil LLC

Headquartered in Brooklyn, New York, The Vermeil LLC filed for
chapter 11 bankruptcy protection (Bankr. E.D.N.Y. Case No.
15-44136) on Sept. 8, 2015, listing its estimated assets at $1
million to $10 million and estimated liabilities at $1 million to
$10 million.  The petition was signed by Jacob Pinson, managing
member.


VIDANGEL INC: Taps Stris & Maher as Counsel in Appellate Case
-------------------------------------------------------------
VidAngel, Inc. seeks approval from the U.S. Bankruptcy Court for
the District of Utah to hire Stris & Maher LLP as special counsel.

The firm will represent the Debtor in its pending appeal to the
Ninth Circuit, where it is seeking reversal of the California
district court's order in a case filed by Disney Enterprises, Inc.
(Case No. CV 16-04109).

Stris & Maher has agreed to handle the appeal for a $75,000 initial
flat fee.  If the firm succeeds in reversing the district court's
dismissal of one or more of the claims being appealed, it will be
entitled to an additional $275,000 bonus.

Stris & Maher does not hold any interest adverse to the Debtor,
according to court filings.

The firm can be reached through:

     Peter K. Stris, Esq.
     Douglas D. Geyser, Esq.
     Victor O'Connell, Esq.
     Stris & Maher LLP
     725 S. Figueroa St., Suite 1830  
     Los Angeles, CA 90017
     Tel: (213) 995-6800
     Fax: (213) 261-0299
     Email: peter.stris@strismaher.com
     Email: douglas.geyser@strismaher.com
     Email: victor.oconnell@strismaher.com

                        About VidAngel Inc.

VidAngel is an entertainment platform empowering users to filter
language, nudity, violence, and other content from movies and TV
shows on modern streaming devices such as iOS, Android, and Roku.
The company's newly launched service empowers users to filter via
their Netflix, Amazon Prime, and HBO on Amazon Prime accounts, as
well as enjoy original content produced by VidAngel Studios.  Its
signature original series, Dry Bar Comedy, now features the world's
largest collection of clean standup comedy, earning rave reviews
from fans nationwide.

VidAngel, Inc., based in Provo, Utah, filed a Chapter 11 petition
(Bankr. D. Utah Case No. 17-29073) on October 18, 2017.

In its petition, the Debtor estimated $1 million to $10 million in
both assets and liabilities. The petition was signed by Neal
Harmon, its chief executive officer.

Judge Kevin R. Anderson presides over the case.

J. Thomas Beckett, Esq., at Parsons Behle & Latimer, serves as
bankruptcy counsel.  The Debtor hired Durham Jones & Pinegar and
Baker Marquart LLP as its special counsel; and Tanner LLC as its
auditor and advisor.  The Debtor also hired economic consulting
expert Analysis Group, Inc.


VIRGINIA HIGH TECH: Exclusive Plan Filing Period Moved to Feb. 4
----------------------------------------------------------------
Judge M. Flatley of the U.S. Bankruptcy Court for the Northern
District of West Virginia extended the time period within which
West Virginia High Technology Consortium Foundation and HT
Foundation Holdings, Inc. will have the exclusive right to file and
solicit acceptance of a plan of reorganization to February 4 and
April 4, 2018, respectively.

The extension is consented to by Huntington National Bank, through
its counsel:

     Christopher P. Schueller, Esq.
     Buchanan Ingersoll & Rooney, LLP
     301 Grant Street, 20th Floor One Oxford Centre
     Pittsburgh, PA 15219
     Telephone: (412) 562-8800
     Facsimile: (412) 562-1041

The Troubled Company Reporter has previously reported that the
Debtors requested an extension of the exclusivity period to
continue to work with creditors toward an amicable resolution of
any claims and toward confirmation of the Second Amended Plan of
Reorganization.

Since the Petition Date, the Debtors spent much of the first few
months attempting to stabilize their operations and negotiating in
good faith with Huntington regarding potential restructuring
options. Once the negotiations with Huntington broke down in late
September, the Debtors immediately considered their reorganization
options and formulated a Plan of Reorganization.

On December 2, 2016, the Debtors filed a Plan of Reorganization and
Disclosure Statement. However, on January 12, 2017, Huntington
filed an objection to the Disclosure Statement.

After Huntington filed an Objection to the original Disclosure
Statement, the Debtors filed a First Amended Joint Disclosure
Statement and First Amended Joint Plan of Reorganization on
February 3, 2017. The First Amended Plan and Disclosure Statement
were filed in an attempt to address the objections raised by
Huntington in its objection to the original Disclosure Statement.

Again, Huntington filed an objection to the First Amended Joint
Disclosure Statement.

Since that date, the Debtors and Huntington have resolved the
Debtors' Motion to Surcharge Huntington's Collateral and the
Debtors' Complaint to Determine the Secured Status of Huntington.
The resolutions of both matters were essential to the Debtors'
ability to formulate a revised plan of reorganization and
corresponding disclosure statement.

The Debtors have also negotiated a sale of the Training Center,
which sale was approved by the Court on July 25, 2017. The sale
closed on August 31, 2017.

The Debtors filed their Second Amended and Plan and Second Amended
Disclosure on August 1, 2017, which intended to address various
issues raised by Huntington and the Court.  While the confirmation
hearing on the Second Amended Plan was originally scheduled for
December 11, the Court -- at the request of the Debtors and
Huntington -- rescheduled the confirmation hearing for February 22,
2018.

The Debtors said that they have continued to work toward a plan of
reorganization acceptable to all creditors, in good faith and in
the best interest of creditors.

                     About West Virginia High Tech

West Virginia High Technology Consortium Foundation and HT
Foundation Holdings, Inc. filed chapter 11 petitions (Bankr. N.D.
W.Va. Lead Case No. 16-00806) on Aug. 4, 2016.  The petitions were
signed by James L. Estep, their president and CEO.

In their petitions, the Debtors estimated $10 million to $50
million in both assets and liabilities.

Judge Patrick M. Flatley presides over the cases.  David B.
Salzman, Esq., at Campbell & Levine, LLC serves as bankruptcy
counsel.  The Debtors employed Rolston & Company as real estate
appraiser; Easter Valley, LLC as real estate broker; and Arnett
Carbis Toothman, LLP as accountants.

On December 2, 2016, the Debtors filed their Chapter 11 plan of
reorganization and disclosure statement.


WCD LLC: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------
Debtor: WCD, LLC
           dba Wildcat Development
        230 Spring Hill Drive, Suite 300-305
        Spring, TX 77386

Type of Business: Wildcat Development -- http://www.wildcatdev.com

                  -- is an end-to-end technology company with
                  teams of mechanical, electrical, and software
                  engineers that provides an integrated and
                  customized solutions for the energy and high-
                  tech industries.  The company's team of
                  engineers have years of involvement and
                  experience in prototype 3D printing, custom
                  control systems, prototype development,  
                  schematic design, PCB design and layout, PLC &
                  microprocessor programming, application
                  development, SQL database design, mechanical
                  design, and web development & integration.  The
                  company is headquartered in Spring, TX.

Chapter 11 Petition Date: December 21, 2017

Case No.: 17-36817

Court: United States Bankruptcy Court
       Southern District of Texas (Houston)

Judge: Hon. Jeff Bohm

Debtor's Counsel: Larry A. Vick, Esq.
                  LARRY A. VICK
                  10497 Town & Country Way, Suite 700
                  Houston, TX 77024
                  Tel: 713-239-1062
                  Fax: 832-202-2821
                  E-mail: lv@larryvick.com

Total Assets: $787,962

Total Liabilities: $1,030,000

The petition was signed by Stuart Williams, member.

A full-text copy of the petition, along with a list of 20 largest
unsecured creditors, is available for free at
http://bankrupt.com/misc/txsb17-36817.pdf


WESTERN EXPRESS: Moody's Withdraws B2 CFR & $250MM Loan Rating
--------------------------------------------------------------
Moody's Investors Service has withdrawn all ratings of Western
Express, Inc. ("Western Express"), including the B2 Corporate
Family Rating and the B2 rating of the $250 million term loan that
the company planned to arrange.

RATINGS RATIONALE

The rating action follows the decision by Western Express not to
proceed with the planned $250 million term loan at this time.

Withdrawals:

Issuer: Western Express, Inc.

-- Corporate Family Rating, Withdrawn, previously rated B2

-- Probability of Default Rating, Withdrawn, previously rated B2-
    PD

-- Senior Secured Bank Credit Facility, Withdrawn , previously
    rated B2 (LGD3)

Outlook Actions:

Issuer: Western Express, Inc.

-- Outlook, Changed To Rating Withdrawn From Stable

Western Express, Inc., headquartered in Nashville, TN, is a
truckload carrier that operates in the dry van and flatbed segments
of the transportation market, serving a diverse range of
end-markets. The company generates annual revenue of about $550
million and is privately owned by the family of the founder and by
management.


WJA ASSET: May Retain Consultants & Use Funds to Pay Various Fees
-----------------------------------------------------------------
Judge Scott C. Clarkson of the U.S. Bankruptcy Court for the
Central District of California authorized Luxury Asset Purchasing
International, LLC, and its three members, 5827 Winland Hills Drive
Development Fund, LLC, TD REO Fund, LLC, and CA Real Estate
Opportunity Fund III, LLC, (i) to use Luxury's interest in 9.42
acres of real property located at 5827 Winland Hills Drive and San
Dieguito Road in San Diego, California, and subdivide the parcel
and develop the project into three separate parcels, one for an
estate-sized home and the other two for a senior housing facility;
(ii) to enter into contracts with various third parties, including
an architectural firm specializing in senior housing, a landscape
architect, a soil engineer, and a land surveyor to provide services
that will be necessary for the entitlements process; and (iii) to
use funds that are property of their respective bankruptcy estates
to pay the fees, which are estimated to collectively total no more
than $392,250.

Luxury is authorized to retain the Consultants and to enter into
appropriate agreements with them and, in the case of Douglas
Pancake Architects and to the extent that the existing contract may
be deemed to be an executory contract, to assume that contract
under 11 U.S.C. Section 365 with no cure payment required.

The Luxury Members are authorized to pay up to $392,250 in fees
that may be due the Consultants and the City and County of San
Diego, with the amount of the payments based on their respective
ownership interests in Luxury; and to the extent that 5827 Winland
does not have sufficient funds to pay its pro rata share, the other
two Luxury Members are authorized to fund 5827 Winland's share via
interest-free loans to Luxury.

                   About WJA Asset Management

Luxury Asset Purchasing International, LLC, et al., are part of a
network of entities or "Funds" formed to offer a range of
investment opportunities to individuals.  Many of the existing
Funds are performing and some Funds had substantial gains.
However, certain Funds, i.e., those invested in private trust deeds
secured by real estate, suffered losses.

William Jordan Investments, Inc. ("Advisor"), is a registered
investment advisor. Laguna Hills, California-based WJA Asset
Management, LLC ("Manager"), is the managing member of Luxury, et
al.  William Jordan was the president and sole owner of Advisor and
was the sole member and manager of Manager.

On May 18, 2017, Luxury and its affiliates filed voluntary
petitions under Chapter 11 of the United States Bankruptcy Code.
On May 25, 2017, four other affiliated filed voluntary Chapter 11
petitions.  On June 6, CA Real Estate Opportunity Fund III filed
its Chapter 11 petition.  The Debtors' cases are jointly
administered under Bankr. C.D. Cal. Lead Case No. 17-11996, and
the Debtors continue to operate their businesses and manage their
affairs as DIP.

Pursuant to court orders, Howard Grobstein is now serving as the
chief restructuring officer of the Debtors and Mr. Jordan no longer
has any ongoing role in the Debtors' operations.

At the time of the filing, WJA estimated assets of less than
$500,000 and liabilities of $1 million to $10 million.

Judge Scott C. Clarkson presides over the cases.

Lei Lei Wang Ekvall, Esq., Philip E. Strok, Esq., Robert S.
Marticello, Esq., and Michael L. Simon, Esq., at Smiley
Wang-Ekvall, LLP, serve as counsel to the Debtors.


WOODBRIDGE GROUP: U.S. Trustee Appoints 3-Member Committee
----------------------------------------------------------
Andrew R. Vara, U.S. Trustee for Region 3, appointed three members
to the official committee of unsecured creditors of Woodbridge
Group of Companies, and its debtor affiliates.

The Committee members are:

   1. G3 Group LA, Inc.
      2500 Townsgate Road, Suite F
      Westlake Village, CA 91361
      Phone: 805-557-1075
      Fax: 805-557-1097

   2. Ronald E. Myrick Sr.
      9332 Avian Dr., Apt. 201
      Fort Meyers, FL 33913

   3. John J. O'Neill
      4600 Hwy AIA # 2111
      Vero Beach FL 32693

The Committee is represented by:

     Bradford J. Sandler, Esq.
     Richard M. Pachulski, Esq.
     James I. Stang, Esq.
     Jeffrey N. Pomerantz, Esq.
     Bradford J. Sandler, Esq.
     Colin R. Robinson, Esq.
     PACHULSKI STANG ZIEHL & JONES LLP
     919 North Market Street, 17th Floor
     P.O. Box 8705
     Wilmington, DE 19899
     Telephone: 302-652-4100
     Facsimile: 302-652-4400
     E-mail: rpachulski@pszjlaw.com
             jstang@pszjlaw.com
             jpomerantz@pszjlaw.com
             bsandler@pszjlaw.com
             crobinson@pszjlaw.com

                     About Woodbridge Group

Headquartered in Sherman Oaks, California, The Woodbridge Group
Enterprise -- http://www.woodbridgecompanies.com/-- is a
comprehensive real estate finance and development company.  Its
principal business is buying, improving, and selling high-end
luxury homes. The Woodbridge Group Enterprise also owns and
operates full-service real estate brokerages, a private investment
company, and real estate lending operations.  The Woodbridge Group
Enterprise and its management team have been in the business of
providing a variety of financial products for more than 35 years,
and have been primarily focused on the luxury home business for the
past five years.  Since its inception, the Woodbridge Group
Enterprise has completed more than $1 billion in financial
transactions.  These transactions involve real estate, note buying
and selling, hard money lending, and alternative financial
transactions involving thousands of investors.

Woodbridge Group of Companies and certain of its affiliates filed
Chapter 11 bankruptcy petitions (Bankr. D. Del. Lead Case No.
17-12560) on Dec. 4, 2017.  Woodbridge estimated assets and
liabilities at between $500 million and $1 billion.

Judge Kevin J. Carey presides over the case.

Samuel A. Newman, Esq., Oscar Garza, Esq., Daniel B. Denny, Esq.,
Jennifer L. Conn, Esq., Eric J. Wise, Esq., Matthew K. Kelsey,
Esq., and Matthew P. Porcelli, Esq., at Gibson, Dunn & Crutcher,
LLP, and Sean M. Beach, Esq., Edmon L. Morton, Esq., Ian J.
Bambrick, Esq., and Allison S. Mielke, Esq., at Young Conaway
Stargatt & Taylor, LLP, serve as the Debtors' bankruptcy counsel.

The Debtors' financial advisors are Larry Perkins, John Farrace,
Robert Shenfeld, Reece Fulgham, Miles Staglik, and Lissa Weissman
at SierraConstellation Partners, LLC.

Beilinson Advisory Group is serving as independent management to
the Debtors.

Garden City Group, LLC, is the Debtors' claims and noticing agent.


WV NATIONAL AUTO: A.M. Best Lowers LongTerm ICR to 'bb-'
--------------------------------------------------------
A.M. Best has downgraded the Financial Strength Rating to B- (Fair)
from B (Fair) and Long-Term Issuer Credit Rating to "bb-" from "bb"
of West Virginia National Auto Insurance Company (WV National Auto)
(Morgantown, WV). The outlooks of these Credit Ratings (ratings)
are negative. Concurrently, A.M. Best has withdrawn the ratings as
the company has requested to no longer participate in the A.M.
Best's interactive rating process.

The ratings and outlooks reflect WV National Auto's balance sheet
strength, which A.M. Best categorizes as weak, as well as its
marginal operating performance, limited profile and appropriate
enterprise risk management. The company is a niche writer of
non-standard automobile insurance, which is inherently volatile.
Underwriting is limited to West Virginia since the company exited
Virginia in 2016. Return measures are generally negative due to
underwriting losses mainly driven by business that was written in
Virginia. There is currently less competition within West Virginia
for non-standard business due to the state's ability to cap fee
income, causing other carriers to withdraw from the market. Through
2017, a combination of increased net writings, combined with a drop
in the company's surplus, has resulted in a material decline in the
company's capitalization.


ZEKELMAN INDUSTRIES: Moody's Alters Outlook to Pos & Affirms B2 CFR
-------------------------------------------------------------------
Moody's Investors Service changed Zekelman Industries, Inc.'s
ratings outlook to positive from stable to reflect the recent
improvement in the company's operating performance and credit
metrics and the expectation they will improve further in the near
term. It also reflects the improved competitive position of the
company after the recent consolidation in the tubular products
sector. Moody's affirmed the company's B2 corporate family rating
(CFR), B2-PD probability of default rating (PDR), B2 rating on its
senior secured term loan and the Caa1 rating on its senior secured
notes.

The following ratings were affected in this rating action:

Affirmations:

Corporate family rating, affirmed B2;

Probability of default rating, affirmed B2-PD;

Senior secured term loan due 2021, affirmed B2 (LGD3);

Senior secured notes due 2023, affirmed Caa1 (LGD5);

Outlook Actions:

Changed to positive from stable

RATINGS RATIONALE

Zekelman Industries B2 corporate family rating reflects the
company's modest size and limited diversity versus higher rated
companies in the steel products sector, as well as its sensitivity
to fluctuating steel prices and reliance on nonresidential
construction activity, which drives demand for most of its tubular
products. The rating also considers the highly competitive market
in which the company operates and its limited product
differentiation. The company's rating favorably considers its
moderate leverage, ample interest coverage, adequate liquidity
profile and its leading market position for a number of structural
tubing, standard pipe and electrical conduit products. It also
reflects Moody's expectation that its operating performance will
remain strong in the near term supported by rational competitive
dynamics and gradually improving nonresidential construction
activity.

Zekelman Industries operating performance and credit metrics have
strengthened considerably over the past two fiscal years as the
company has benefitted from moderately improved end market demand,
wider spreads between steel purchases for inventory and final
product prices as well as cost cuts and productivity improvements.
Zekelman has been able to widen its material spreads as the company
and its competitors have focused on improved pricing discipline and
benefitted from consolidation in the industrial pipe and tube
sector. The steel tubular products sector has undergone significant
consolidation in the past year with Nucor acquiring Independence
Tube, Southland Tube and Republic Conduit and Zekelman acquiring
Western Tube & Conduit and American Tube Manufacturing. As a
result, Zekelman's operating results have improved dramatically
over the past two fiscal years with adjusted EBITDA of $378 million
in fiscal 2017 (ended September 2017) and $300 million in fiscal
2016 versus a range of $155 million - $196 million in the prior
three fiscal years.

The substantially improved operating performance along with
moderate capital spending has enabled Zekelman to generate at least
$90 million of free cash flow in each of the past two fiscal years.
The company used a portion of that free cash along with term loan
borrowings to fund acquisitions and to pay shareholder dividends.
As a result, its overall debt level has remained relatively stable
at about $1.3 billion, which is somewhat high versus the company's
LTM revenues of about $2.1 billion. However, its credit metrics
have strengthened along with its operating performance, with its
adjusted leverage ratio (Debt/EBITDA) declining to 3.7x in
September 2017 from 4.5x in September 2016 and its interest
coverage ratio (EBIT/Interest Expense) rising to 3.0x from 2.2x.
These ratios are strong for the B2 corporate family rating and
could improve further in fiscal 2018 as demand improves and it
benefits from owning both Western Tube and American Tube for a full
fiscal year. However, the company's ratio of free cash flow to debt
((CFO-dividends)/debt) remains somewhat weak for its rating due to
investments in working capital and the payment of dividends. This
metric declined to 10.4% in September 2017 from 11.9% in the prior
year.

Zekelman Industries has a good liquidity profile with a cash
balance of $29 million and borrowing availability of $292.5 million
as of September 30, 2017. The company had $25 million of
outstanding borrowings on its $350 million revolver and $32.5
million of letters of credit issued. The senior secured revolving
credit facility matures in November 2019 or 90 days prior to
Zekelman's nearest debt maturity. The company currently has no
outstanding debt that matures prior to November 2019.

The positive outlook reflects Moody's expectation that Zekelman's
operating results will remain strong and its credit metrics will
moderately improve in the near term.

Zekelman's rating could be upgraded should it maintain a leverage
ratio below 4.5x, an interest coverage ratio above 2.0x, free cash
flow to debt (CFO-dividends/debt) above 13% and sustain the
positive momentum in its operating performance and pay down debt.

A downgrade is unlikely in the near term, but could be considered
should Zekelman's operating results and credit metrics weaken or
its liquidity position deteriorates materially. Downside triggers
would include the leverage ratio above 5.0x, interest coverage
ratio below 1.8x and free cash flow to debt below 11%.

Headquartered in Chicago, Illinois, Zekelman Industries, Inc.
manufactures steel pipe, hollow structural steel (HSS), electrical
conduit and tubular products at fifteen manufacturing facilities in
the US and Canada. The company includes the operating divisions of
Atlas Tube, Wheatland Tube, Western Tube & Conduit, Sharon Tube and
Picoma and has leading market positions in key product areas
including hollow structural steel, standard pipe, electrical
conduit and galvanized mechanical tubing. Its products are sold
principally to steel service centers and plumbing and electrical
distributors. Revenues for the twelve months ended September 30,
2017 were approximately $2.1 billion.

The principal methodology used in these ratings was Steel Industry
published in September 2017.


[^] BOOK REVIEW: The First Junk Bond
------------------------------------
Author:     Harlan D. Platt
Publisher:  Beard Books
Softcover:  236 pages
List Price: $34.95
Review by Gail Owens Hoelscher

Order your personal copy today and one for a colleague at
http://www.beardbooks.com/beardbooks/the_first_junk_bond.html

Only one in ten failed businesses is equal to the task of
reorganizing itself and satisfying its prior debts in some
fashion. This engrossing book follows the extraordinary journey
of Texas International, Inc (known by its New York Stock
Exchange stock symbol, TEI), through its corporate growth and
decline, debt exchange offers, and corporate renaissance as
Phoenix Resource Companies, Inc. As Harlan Platt puts it, TEI
"flourished for a brief luminous moment but then crashed to
earth and was consumed." TEI's story features attention-grabbing
characters, petroleum exploration innovations, financial
innovations, and lots of risk taking.

The First Junk Bond was originally published in 1994 and
received solidly favorable reviews. The then-managing director
of High Yield Securities Research and Economics for Merrill
Lynch said that the book "is a richly detailed case study. Platt
integrates corporate history, industry fundamentals, financial
analysis and bankruptcy law on a scale that has rarely, if ever,
been attempted." A retired U.S. Bankruptcy Court judge noted,
"(i)t should appeal as supplementary reading to students in both
business schools and law schools. Even those who practice.in the
areas of business law, accounting and investments can obtain a
greater understanding and perspective of their professional
expertise."

"TEI's saga is noteworthy because of the company's resilience
and ingenuity in coping with the changing environment of the
1980s, its execution of innovative corporate strategies that
were widely imitated and its extraordinary trading history,"
says the author. TEI issued the first junk bond. In 1986 it
achieved the largest percentage gain on the NYSE, and in 1987
suffered the largest percentage loss. It issued one of the first
bonds secured by a physical commodity and then later issued one
of the first PIK (payment in kind) bonds. It was one of the
first vulture investors, to be targeted by vulture investors
later on. Its president was involved in an insider trading
scandal. It innovated strip financing. It engaged in several
workouts to sell off operations and raise cash to reduce debt.
It completed three exchange offers that converted debt in to
equity.

In 1977, TEI, primarily an oil production outfit, had had a
reprieve from bankruptcy through Michael Milken's first ever
junk bond. The fresh capital had allowed TEI to acquire a
controlling interest of Phoenix Resources Company, a part of
King Resources Company. TEI purchased creditors' claims against
King that were subsequently converted into stock under the terms
of King's reorganization plan. Only two years later, cash
deficiencies forced Phoenix to sell off its nonenergy
businesses. Vulture investors tried to buy up outstanding TEI
stock. TEI sold off its own nonenergy businesses, and focused on
oil and gas exploration. An enormous oil discovery in Egypt made
the future look grand. The value of TEI stock soared. Somehow,
however, less than two years later, TEI was in bankruptcy. What
a ride!

All told, the book has 63 tables and 32 figures on all aspects
of TEI's rise, fall, and renaissance. Businesspeople will find
especially absorbing the details of how the company's bankruptcy
filing affected various stakeholders, the bankruptcy negotiation
process, and the alternative post-bankruptcy financial
structures that were considered. Those interested in the oil and
gas industry will find the book a primer on the subject, with an
appendix devoted to exploration and drilling, and another on oil
and gas accounting.

Harlan Platt is professor of Finance at Northeastern University.
He is president of 911RISK, Inc., which specializes in
developing analytical models to predict corporate distress.


                            *********

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
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Each Friday's edition of the TCR includes a review about a book of
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available at your local bookstore or through Amazon.com.  Go to
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Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

TCR subscribers have free access to our on-line news archive.
Point your Web browser to http://TCRresources.bankrupt.com/and use
the e-mail address to which your TCR is delivered to login.

                            *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.  
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
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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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The TCR subscription rate is $975 for 6 months delivered via
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                   *** End of Transmission ***