TCR_Public/180108.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Monday, January 8, 2018, Vol. 22, No. 7

                            Headlines

241 MAIN STREET: May Use Cash Collateral Through Jan. 25
2950 W. GOLF: Bobs LLC Wants to Prohibit Use of Cash Collateral
A. HIRSCH REALTY: Case Summary & 4 Unsecured Creditors
AGAWAM HUNT: Permitted to Use Cash Collateral Until Jan. 31
AJ HOME HEALTH: Seeks Interim Permission to Use Cash Collateral

ALL STAR MEDICAL: 10% Distribution for Unsecureds Under Plan
AMERICAN RANCH: Case Summary & 20 Largest Unsecured Creditors
AMPLIPHI BIOSCIENCES: Releases Interim Results of Clinical Trial
AMPLIPHI BIOSCIENCES: Sabby Has 4.9% Stake as of Dec. 31
ART LLC: Case Summary & 5 Unsecured Creditors

ATHABASCA OIL: DBRS Discontinues B(low) Issuer Rating
AUTO MASTERS: Has Access to Cash Collateral Until Feb. 28
AVERY BRADLEY GREEN: Bankr. Administrator Seeks Chapter 11 Trustee
B456 SYSTEMS: DPCC's Rejection Damages Claim Must be Adjusted
BARRACUDA NETWORKS: Fitch Assigns B LongTerm Issuer Default Rating

BILL BARRETT: JPMorgan Chase Reports 4% Stake as of Dec. 29
BIOSTAGE INC: Closes $4.1 Million Private Placement
BLACKRIDGE TECHNOLOGY: Conyers Has 9.2% Stake as of March 31, 2017
BON-TON STORES: Names Michael Culhane as Chief Financial Officer
CAMPBELLTON-GRACEVILLE: Files Chapter 11 Joint Plan of Liquidation

CANTRELL DRUG: Taps Catlett Law Firm as Special Counsel
CASHMAN EQUIPMENT: Wants to Use Cash Collateral Until June 30
CHARMING CHARLIE: Taps Kirkland & Ellis as Lead Counsel
CHARMING CHARLIE: Taps Klehr Harrison as Co-Counsel
CHARMING CHARLIE: Taps Rust Consulting as Administrative Agent

CHINA COMMERCIAL: Gets Share Exchange Pact Termination Notice
CJ MICHEL INDUSTRIAL: Can Continue Using Cash Through Jan. 31
CLEVELAND BIOLABS: Sabby Ceases as 5% Shareholder
CONLAN PRESS: Case Summary & List Top Unsecured Creditors
CORBETT-FRAME INC: Hunt for Take-Out Financing Delays Plan Filing

CRAPP FARMS: Wants to Access Cash Collateral Through Jan. 31
CROSSOVER FINANCIAL: Appointment of T.H. Connolly as Trustee Okayed
CTI BIOPHARMA: Will Provide Corporate Update to Investors
CYTORI THERAPEUTICS: Azaya Cuts Stake to 1% as of Jan. 4
CYTORI THERAPEUTICS: Sabby Healthcare Has 2.93% Stake as of Dec. 31

DAC INCORPORATED: Seeks Permission to Use Cash Collateral
ESBY CORP: Administrator Seeks Appointment of Ch. 11 Trustee
ESTEEM HOSPICE: To Pay Unsecureds 100% in 20 Quarterly Installments
EVERETT'S AUTOMOTIVE: Needs Until Jan. 9 to File Chapter 11 Plan
EVIO INC: Appoints Pfizer Executive as New President

FC GLOBAL: Appoints New President, CEO and CFO
FLAGSHIP CREDIT 2017-4: DBRS Finalizes BB Rating on Cl. E Debt
FLOYD E. SQUIRES: Eureka City Seeks Appointment of Ch. 11 Trustee
FUZION MEET: Case Summary & 11 Unsecured Creditors
GUARDIAN ENTERPRISES: Case Summary & 2 Unsecured Creditors

GULF MEDICAL: Case Summary & 20 Largest Unsecured Creditors
HAHN HOTELS: Armours Buying Longview Properties for $428K
HAHN HOTELS: Needs Continued Cash Access Through March 3
HARD ROCK EXPLORATION: Trustee Permitted to Use Cash Until Jan. 31
HARRINGTON & KING: Cash Collateral Use Extended Through Jan. 26

HBCU PROPERTIES: Taps Chapman Hall as Realtor
HUMAN CONDITION: Seeks April 4 Exclusive Plan Period Extension
IAN-K LLC: Seeks Authorization to Use Cash Collateral
IHEARTCOMMUNICATIONS INC: Extends Notes Private Offers Deadline
IHEARTCOMMUNICATIONS INC: Extends Private Term Loan Offers

INVESTORS HERITAGE: A.M. Best Puts 'bb-' ICR on Review Developing
ISLAND VIEW CROSSING: Approval of C. Shubert as Trustee Sought
JOHN Q. HAMMONS: Bid for Examiner Remains Under Advisement
JTJM INC: Case Summary & 12 Unsecured Creditors
JUSTICE FARMS: Case Summary & 20 Largest Unsecured Creditors

JXB 84 LLC: In Talks with Bank, Seeks April 27 Plan Extension
KERRY NOBLE: DOJ Watchdog Appoints J. Searcy as Trustee
LA ESTRELLA FAST FOOD: Seeks Extension of Plan Confirmation Period
LIBERTY TIRE: S&P Lowers CCR to 'SD' on Completed Debt Exchange
LISA LORD: Court Approved Appointment of S.J. Zayler as Trustee

MARINA BIOTECH: May Issue 500,000 Shares Under 2014 LTIP
MARRONE BIO: Receives Noncompliance Notice from Nasdaq
MAYFAIR-HAWAII: Fannie Mae Seeks Appointment of Chapter 11 Trustee
MEREDITH CORP: S&P Assigns 'B+' Corp. Credit Rating, Outlook Stable
NEPHROS INC: Expects 83% Year-Over-Year Q4 Product Revenue Growth

ONCOBIOLOGICS INC: Gets Another Noncompliance Notice from Nasdaq
ORWELL TRUMBULL: May Use Cash Collateral on Interim Basis
PACIFIC OFFICE: Extends FHB Credit Facility to December 2019
PONDEROSA ENERGY: U.S. Trustee Forms 3-Member Committee
POSTO 9 LAKELAND: Seeks Jan. 10 Exclusive Plan Filing Extension

PROMETRIC HOLDINGS: S&P Assigns 'B' CCR, Outlook Stable
QUEST RARE: Files Proposal Under Canada Bankruptcy & Insolvency Act
RAYONIER ADVANCED: S&P Affirms BB- Rating on $550MM Notes Due 2024
RESOLUTE ENERGY: James Piccone Resigns as President
RICEBRAN TECHNOLOGIES: Sabby Healthcare Has 4.9% Stake as Dec. 31

RIVER CREE: DBRS Confirms BB(low) Issuer Rating
RMG ENTERPRISES: Wants Authority to Access Cash Collateral
SAEXPLORATION HOLDINGS: Whitebox Has 27.7% Stake as of Dec. 19
SCANA CORP: Fitch Revises Rating Watch on 'BB+' IDR to Evolving
SCIENTIFIC GAMES: Acquires NYX Gaming Group

SEADRILL LTD: U.S. Trustee Says Plan Disclosures Inadequate
SHEFA LLC: Not Required to Deed Property to Southfield City
SHEPHERD UNIVERSITY: Appointment of B. Sharp as Trustee Approved
SMG HOLDINGS: S&P Assigns 'B' CCR Amid Onex Corp Transaction
SPARTAN BUSINESS: Case Summary & 19 Largest Unsecured Creditors

SUNRISE REAL: Posts $9.43 Million Q3 2016 Net Income
SUNSET PARTNERS: Trustee Needs Access to Cash Until Jan. 31
SURPRISE VALLEY: Case Summary & 20 Largest Unsecured Creditors
TAKATA CORP: Recalls Another 3.3-Mil. Air Bags Under U.S. Order
TD MANUFACTURING: Allowed to Use Cash Collateral Through March 31

TK HOLDINGS: Slated to Seek Plan Confirmation on Feb. 13
TONY E. HAWLEY: Case Summary & 20 Largest Unsecured Creditors
TOWN SPORTS: Adopts 2018 Management Stock Purchase Plan
TOWN SPORTS: Atlas Fund III Cuts Stake to 8.3% as of Jan. 3
US ANESTHESIA: Moody's Extends B1 Rating on 1st Lien Loan Add-on

USF HOLDINGS: S&P Raises Senior Secured Debt Rating to 'B+'
VESCO CONSULTING: 4 Rivers Buying Dynapac CA362D Roller for $80K
VFH PARENT: Moody's Hikes 2nd Lien Notes Rating to 'B1'
WCD LLC: Needs Access to Cash Collateral Until Plan Confirmation
WOODFORD EXPRESS: S&P Assigns B Corp. Credit Rating, Outlook Stable

YOGA CENTER: Unsecured Creditors to Recoup 29% Under Proposed Plan
[] Jones Day Bankruptcy Veteran Joins JAMS Detroit
[^] BOND PRICING: For the Week from January 1 to 5, 2018

                            *********

241 MAIN STREET: May Use Cash Collateral Through Jan. 25
--------------------------------------------------------
Judge Diane Finkle of the U.S. Bankruptcy Court for the District of
Rhode Island authorized 241 Main Street, Inc., to use the cash
collateral solely and exclusively for the ordinary and necessary
operations as set forth in the budget up to and including Jan. 25,
2018 or the occurrence and continuation of a "termination event".

The Court will permit the Debtor's use of the Cash Collateral,
subject to and expressly conditioned upon the granting of:

    (a) An adequate protection payment of $214.00 every month to
RBS Citizens, N.A.

    (b) Secured Creditors are granted postpetition liens and
security interests on all of the same types of Debtor's business
assets of the estate, whether acquired prior to, concurrently with
or after the filing of the petition commencing the Debtor's Chapter
11 case, against which Secured Creditors held a security interest
and/or liens as of the Petition Date.

A Termination Event will constitute any of the following:

      (a) The Chapter 11 Case will be dismissed or converted to a
case under Chapter 7 of Bankruptcy Code or the Debtor will file a
motion or other pleading seeking the dismissal of the Chapter 11
Case pursuant to Section 1112 of the Bankruptcy Code or otherwise;
or

      (b) A Trustee under Chapter 11 of the Bankruptcy Code, a
responsible officer, or an Examiner with enlarged powers relating
to the operation of the business (powers beyond those set forth in
Section 1106(a)(3) and (4) of the Bankruptcy Code) under Section
1106(b) of the Bankruptcy Code will be appointed or elected in the
Chapter 11 Case.

      (c) Relief from the automatic stay is granted under Section
362 as to the collateral.

      (d) The Debtor ceases to operate.

      (e) The Debtor fails to comply with the provisions of this
Order, including any use of
Cash Collateral.

A full-text copy of the Order is available at:

          http://bankrupt.com/misc/rib17-11392-88.pdf

                    About 241 Main Street

241 Main Street, Inc., sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D.R.I. Case No. 17-11392) on Aug. 10, 2017.
Scott Parker, manager, signed the petition.  At the time of the
filing, the Debtor estimated assets of less than $50,000 and
liabilities of less than $500,000.

Judge Diane Finkle presides over the case.  

Peter M. Iascone & Associates, Ltd., is the Debtor's legal counsel.


2950 W. GOLF: Bobs LLC Wants to Prohibit Use of Cash Collateral
---------------------------------------------------------------
Bobs LLC, d/b/a/ Bobs Nevada LLC, asks the U.S. Bankruptcy Court
for the Northern District of Illinois to prohibit 2950 W. Golf,
LLC, from using of its cash collateral, and require the Debtor to
segregate and account for all cash collateral.

The Debtor owns a multi-function entertainment facility (the
Convention Center).
The Debtor executed a Promissory Note and Loan Agreement promising
to pay $4,700,000 to Spring 7 Loft, LLC, secured by a mortgage on
the Convention Center. The mortgage contains an assignment of
leases and rents in which the Debtor conveyed the leases and rents
to Spring 7 Loft.

In October 2014, the Debtor executed a lease agreement to lease
74,000 square feet of floor area at the Convention Center to Club
Meadows Realty, LLC. The lease term is for five years, from October
1, 2014 until September 30, 2019.

The Debtor and Club Meadows are under the common control of Madan
Kulkami, who is the Debtor's manager, the registered agent of Club
Meadows, and a guarantor of the Note. Club Meadows is in default on
the lease and currently owes approximately $2,200,000 in rent and
other charges.

Spring 7 Loft assigned "all right, title and interest" in the Note,
Loan Agreement, Mortgage to Bobs LLC.  The Debtor failed to pay the
balance due on the Note on the maturity date and the Debtor
currently owes approximately $6,900,000 on the Note.

Bobs LLC filed a mortgage foreclosure action against the Debtor in
the Circuit Court of Cook County, Case No. 17 CH 12072, to recover
the unpaid rent and other charges.  On Dec. 11, 2017, Bobs LLC
obtained an order appointing a Receiver for the Convention Center.


As such, the rental income generated by the Convention Center and
by the Club Meadows' lease constitutes cash collateral of Bobs
LLC.

Bobs LLC does not consent to Debtor's use of its cash collateral,
and the Court has not entered an order authorizing Debtor to use
the cash collateral.  Bobs LLC asserts that its interest in the
cash collateral is a critical right that must be protected while
this Chapter 11 case is pending.  Otherwise, Bobs LLC will suffer
irreparable harm if the Court does not prohibit Debtor's use of the
cash collateral and prevent Debtor from dissipating the rental
income from the Convention Center or the Club Meadows' lease.

Counsel for Bobs LLC d/b/a/ Bobs Nevada LLC:

              Ronald Austin, Jr., Esq.
              Karen J. Porter, Esq.
              Ashley Starks, Esq.
              GRANT LAW, LLC
              230 West Monroe Street, Suite 240
              Chicago, Illinois 60606
              Phone: (312) 551-0111

                      About 2950 W. Golf

2950 W. Golf, LLC, is a privately held company based in Rolling
Meadows, Illinois.  The Company is the record owner of the real
property commonly known as 2950 West Golf Road, Units 1, 2 and 3,
Rolling Meadows, Illinois ("Convention Center") -- a 144,000 square
foot multi-function entertainment facility.

2950 W. Golf filed a Chapter 11 petition (Bankr. N.D. Ill. Case No.
17-36643) on Dec. 11, 2017.  Madan Kulkarni, manager, signed the
petition.  The case is assigned to Judge Jack B. Schmetterer.  The
Debtor is represented by Jonathan D. Golding, Esq., at the Golding
Law Offices, P.C.  At the time of filing, the Debtor estimated both
assets and liabilities at $1 million to $10 million.


A. HIRSCH REALTY: Case Summary & 4 Unsecured Creditors
------------------------------------------------------
Debtor: A. Hirsch Realty, LLC
        1613 Blue Hill Avenue, Ste. 206
        Mattapan, MA 02126

Business Description: A. Hirsch Realty, LLC is a real estate
                      company in Mattapan, Massachussetts.  The
                      company previously sought bankruptcy
                      protection on March 14, 2012 (Bankr. D.
                      Mass. Case No. 12-12092).

Chapter 11 Petition Date: January 5, 2018

Case No.: 18-10043

Court: United States Bankruptcy Court
       District of Massachusetts (Boston)

Judge: Hon. Joan N. Feeney

Debtor's Counsel: Kate E. Nicholson, Esq.
                  NICHOLSON HERRICK LLP
                  21 Bishop Allen Dr.
                  Cambridge, MA 02139
                  Tel: 857-600-0508
                  E-mail: knicholson@nicholsonherrick.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Andrew H. Sherman, manager.

A full-text copy of the petition, along with a list of four
unsecured creditors, is available for free at
http://bankrupt.com/misc/mab18-10043.pdf


AGAWAM HUNT: Permitted to Use Cash Collateral Until Jan. 31
-----------------------------------------------------------
Upon the consent motion filed by Agawam Hunt, LLC, and creditor New
Agawam, LLC, Judge Diane Finkle of the U.S. Bankruptcy Court for
the District of Rhode Island authorized Agawam Hunt to use the cash
collateral of New Agawam, LLC, on an interim basis, until Jan. 31,
2018.

To recall, the Court entered a final order on Feb. 6, 2017.  The
Order authorized the Debtor's use of Bank Rhode Island Cash
Collateral through March 8, 2017.  The Bank subsequently agreed and
the Court approved the Debtor's continued use of Bank's cash
collateral on several occasions through May 20, 2017, subject to
certain terms and conditions as set forth in several prior orders.

The Debtor and New Agawam, LLC ("LLC") subsequently entered into a
series of consent orders to use LLC's cash collateral, approved by
the Court, granting use through Dec. 15, 2017.

Pursuant to an agreed order, the Debtor is permitted to use cash
collateral solely and exclusively for the disbursements set forth
in the budget until the earlier to occur of (a) Jan. 31, 2018; or
(b) the occurrence and continuation of a "termination event".

The Debtor is indebted to New Agawam, LLC, pursuant to the
following loan and security documents: (a) a secured Construction
Loan to the Debtor in the original principal amount of $4,000,000
and (b) $425,000 Line of Credit.  As security for the Notes, the
Debtor executed and delivered to BRI: (1) a mortgage; (2) a
security agreement; and (3) a Collateral Assignment of Leases and
Rents dated June 25, 2009.

The balance due under the Construction Loan as of July 13, 2016 was
$3,005,140 plus interest, fees and costs.  As of July 13, 2016, the
balance due under the Line Credit was $237,188, and $3,226,125
under the Construction Loan.

New Agawam has consented to the Debtor's use of cash collateral,
subject to and expressly conditioned upon the granting of the
following adequate protections:

      (a) Payment of Current Real Estate Taxes and Municipal
Charges.  The Debtor will pay to EP, by the 30th day of each
calendar month, one twelfth of the current annual real estate taxes
due to the Town for the AH Property along with (i) one twelfth of
the current annual water and sewer charges; and (ii) an amount
equal to the monthly interest accruing on all unpaid real estate
taxes and other municipal charges.

      (b) New Agawam is granted a postpetition lien and security
interest on all of the same types of business assets of the estate,
whether acquired prior to, concurrently with or after the filing of
the petition commencing the Debtor's Chapter 11 case, against which
New Agawam (through BRI's Loan Documents) held security interests
and/or liens, as of the Petition Date including, without
limitation, all cash collateral. Said replacement lien will
maintain the same priority, validity and enforceability as their
respective pre-petition security interest/liens, and will be valid
and perfected without the need for the execution or filing of any
further document or instrument otherwise required to be executed or
filed under applicable non-bankruptcy law.

      (c) To the extent that the adequate protection is not
sufficient to protect New Agawam against any diminution in the
value of New Agawam's collateral as a result of Debtor's use
thereof, New Agawam is entitled to the protections provided by
Section 507(b) of the Bankruptcy Code.

A Termination Event will constitute any of the following:

      (a) The Chapter 11 Case will be dismissed or converted to a
case under Chapter 7 of Bankruptcy Code or the Debtor will file a
motion or other pleading seeking the dismissal of the Chapter 11
Case pursuant to Section 1112 of the Bankruptcy Code or otherwise;
or

      (b) A Trustee under Chapter 11 of the Bankruptcy Code, a
responsible officer, or an Examiner with enlarged powers relating
to the operation of the business (powers beyond those set forth in
Section 1106(a)(3) and (4) of the Bankruptcy Code) under Section
1106(b) of the Bankruptcy Code will be appointed or elected in the
Chapter 11 Case.

A full-text copy of the Agreed Order is available at:

        http://bankrupt.com/misc/rib17-10056-166.pdf

Assented to by New Agawam, LLC:

            Richard Land, Esq.
            Chace Ruttenberg & Freedman, LLP
            One Park Row, Suite 300
            Providence, RI 02903
            E-mail: rland@crfllp.com

Agawam Hunt, LLC, filed for Chapter 11 bankruptcy protection
(Bankr. D.R.I. Case No. 17-10056) on Jan. 13, 2017.  Peter J.
Furness, Esq., at Richardson, Harrington & Furness, serves as the
Debtor's bankruptcy counsel.


AJ HOME HEALTH: Seeks Interim Permission to Use Cash Collateral
---------------------------------------------------------------
AJ Home Health Services, Inc., asks the U.S. Bankruptcy Court for
the Eastern District of Texas for interim authorization to use cash
collateral as set forth in the budget until a final order granting
further use of cash collateral can be entered.

The Debtor also requests that the Court authorize it to continue to
use cash collateral on a final basis as set forth in the Budget.

The Debtor is an operating a business that provides home healthcare
services with approximately 200 employees.  The Debtor's primary
income is from insurance companies and its primary expense is
payroll for its home healthcare staff.  The proposed monthly budget
provides total business expenses of approximately $279,911.

The Debtor has an immediate need to use cash collateral to pay
employees and other expenses.  Without access to such funds, the
Debtor will not be able to pay such costs and expenses.  However,
such proceeds are arguably the cash collateral of the Internal
Revenue Service.

Accordingly, the Debtor proposes to provide the IRS with
replacement liens on future property to the same extent as the IRS
prepetition lien as adequate protection to the IRS.

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

            http://bankrupt.com/misc/txeb17-42820-8.pdf

A copy of the Budget is available at:

        http://bankrupt.com/misc/txeb17-42820-8-bgt.pdf

                 About AJ Home Health Services

AJ Home Health Services, Inc., is a home health care services
provider based in DeSoto, Texas.  AJ Home Health Services filed a
Chapter 11 petition (Bankr. E.D. Tex. Case No. 17-42820) on Dec.
22, 2017.  Judge Ugbomoh, director, 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 Brenda T. Rhoades.  Quilling, Selander, Lownds, Winslett &
Moser, P.C., serves as the Debtor's counsel.


ALL STAR MEDICAL: 10% Distribution for Unsecureds Under Plan
------------------------------------------------------------
All-Star Medical, Inc., filed with the U.S. Bankruptcy Court for
the District of Alabama a disclosure statement in connection with
its chapter 11 plan of reorganization dated Dec. 29, 2017.

Class 2 under the plan consists of all allowed general unsecured
claims which are impaired. The total amount of unsecured claims
exceeds $550,000. Holders of general unsecured claims will be paid
on a pro rata distribution. Payment to the creditors in this class
will be made from the Debtors future net income. The Debtor
reasonably believes that creditors in this class will receive a
distribution equal to no less than 10% of their Allowed Claim.
Allowed Claims in this class will receive monthly payments starting
on the Effective Date of the Plan over a period of 60 consecutive
months.

The Debtor, by continuing to operate its business, has increased
the likelihood of the success of the Plan. The Debtor will
implement the terms of the Plan by making payments to creditors
from Debtor's post-petition income. By restructuring its debt the
Debtor has increased the likelihood of the success of the Plan. The
Debtor's operating statements filed with this Court support the
Debtor's ability to make the plan payments and therefore the plan
is feasible. The Debtor will also execute such additional documents
as are necessary to comply with the terms of the Plan.

Additionally, the Debtor anticipates using the proceeds from its BP
settlement to resolve the unsecured claim holders.

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

     http://bankrupt.com/misc/alnb17-82507-11-89.pdf

                 About All Star Medical

All Star Medical, LLC -- http://www.allstarmedical.com/-- is a
locally owned and operated medical equipment company located in
Albertville, Cullman, Huntsville and Madison, Alabama.  It is a
durable medical equipment company.  It provides home medical
equipment and medical supplies like respiratory equipment,
wheelchairs, hospital beds and medical supplies to patients
throughout north Alabama.  It has offices in Albertville, Cullman,
Huntsville, and Madison.  Its main office is located at 2407 South
Memorial Parkway, Huntsville, Alabama 35805.

All Star Medical filed a Chapter 11 bankruptcy petition (Bankr.
N.D. Ala. Case No. 17-82507) on Aug. 24, 2017, disclosing $1.37
million in total assets and $2.12 million in total liabilities.
The petition was signed by Philip Garmon, owner.

The Hon. Clifton R. Jessup Jr. presides over the case.  

Kevin D. Heard, Esq., at Heard, Ary & Dauro, LLC, serves as the
Debtor's bankruptcy counsel.


AMERICAN RANCH: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: American Ranch and Seafood Markets
        19105 Pioneer Boulevard
        Artesia, CA 90701

Business Description: American Ranch and Seafood Markets
                      operates a specialty store offering
                      Filipino foods and groceries with locations
                      in Eaglerock, Artesia and East Hollywood,
                      California.  The company provides a
                      selection of fresh seafood, fresh produce
                      (fruits & vegetables), meat and an
                      assortment of popular brand name groceries.
                      The company also accepts catering services
                      for special events like birthdays,
                      anniversaries, wedding, family parties,
                      corporate meetings, company picnics, and
                      more.  American Ranch is equally owned by
                      Gene S. Chua and Virgil Sy.  

                      https://americanranchmarket.com/

Chapter 11 Petition Date: January 5, 2018

Case No.: 18-10175

Court: United States Bankruptcy Court
       Central District of California (Los Angeles)

Judge: Hon. Julia W. Brand

Debtor's Counsel: Sandford L. Frey, Esq.
                  LEECH TISHMAN FUSCALDO & LAMPL, INC.
                  633 W. Fifth Street, 48th Floor
                  Los Angeles, CA 90071
                  Tel: 213-246-4970
                  Fax: 213-640-4002
                  Email: sfrey@leechtishman.com

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

Estimated Liabilities: $1 million to $10 million

The petition was signed by Gene S. Chua, president/CEO.

A full-text copy of the petition containing, among other items,
a list of the Debtor's 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/cacb18-10175.pdf


AMPLIPHI BIOSCIENCES: Releases Interim Results of Clinical Trial
----------------------------------------------------------------
AmpliPhi Biosciences Corporation announced interim, topline results
for the first seven patients treated with its investigational
bacteriophage product candidates, AB-SA01 and AB-PA01, under its
ongoing single-patient expanded access program. The patients in
this program were severely ill and unresponsive to antibiotic
treatment at the time of enrollment and were treated under
emergency investigational new drug applications in the United
States or under the Special Access Scheme in Australia.

Of the seven patients treated, four patients received AB-SA01,
administered intravenously, for treatment of Staphylococcus aureus
infection, and three patients received AB-PA01, administered
intravenously or in some cases by nebulizer, for treatment of
Pseudomonas aeruginosa infection.  The bacteriophage therapy was
administered along with the treating physician's choice of best
available antibiotic therapy.  Treated patients suffered from
bacteremia, endocarditis and lung infections, and both AB-SA01 and
AB-PA01 were well tolerated in all patients with no
treatment-related serious adverse events reported.

Treatment success, defined as complete resolution or significant
improvement of baseline signs and symptoms, was reported in six of
the seven patients (86%) by physician's assessment.  One patient
was determined to be a treatment failure due to death, which
occurred during surgery after three days of bacteriophage
treatment.  The treating physician determined that the death was
unrelated to treatment with bacteriophage therapy.  The 28-day
all-cause mortality rate was 14%.  No additional deaths occurred
within 90 days following initiation of therapy, and patient
follow-up is continuing.  Based on the APACHE II scores (a
validated critical care scoring system predictive of mortality) of
the seven patients prior to initiation of bacteriophage therapy,
the predicted mortality rate for this patient group was 46%.

No bacterial isolates resistant to the bacteriophage therapeutics
were detected during the bacteriophage treatment course. Additional
analyses of these data are ongoing, and presentations or
publications of the detailed results are planned.

                   About AmpliPhi Biosciences

Based in San Diego, California, AmpliPhi Biosciences Corporation --
http://www.ampliphibio.com/-- is a clinical-stage biotechnology
company focused on treating antibiotic-resistant infections using
its proprietary bacteriophage-based technology.  AmpliPhi's lead
product candidates target multidrug-resistant Staphylococcus aureus
and Pseudomonas aeruginosa, which are included on the WHO's 2017
Priority Pathogens List.  Phage therapeutics are uniquely
positioned to address the threat of antibiotic-resistance as they
can be precisely targeted to kill select bacteria, have a
differentiated mechanism of action, can penetrate and disrupt
biofilms (a common bacterial defense mechanism against
antibiotics), are potentially synergistic with antibiotics and have
been shown to restore antibiotic sensitivity to drug-resistant
bacteria.

Ampliphi reported a net loss attributable to common stockholders of
$24.27 million for the year ended Dec. 31, 2016, compared to a net
loss attributable to common stockholders of $10.79 million for the
year ended Dec. 31, 2015.  As of Sept. 30, 2017, the Company had
$13.78 million in total assets, $4.02 million in total liabilities
and $9.75 million in total stockholders' equity.

Ernst & Young LLP, in San Diego, California, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2016, citing that the Company has recurring
losses and negative cash flows from operations that raise
substantial doubt about its ability to continue as a going concern.


AMPLIPHI BIOSCIENCES: Sabby Has 4.9% Stake as of Dec. 31
--------------------------------------------------------
In a Schedule 13G/A filed with the Securities and Exchange
Commission, these reporting persons disclosed beneficial ownership
of shares of common stock of AmpliPhi Biosciences Corporation as of
Dec. 31, 2017:

                                      Shares      Percentage
                                   Beneficially      of
   Name                                Owned       Shares
   ----                            ------------   ----------
   Sabby Healthcare Master            473,997        4.99%
   Fund, Ltd.

   Sabby Volatility Warrant           451,083        4.75%
   Master Fund, Ltd.
  
   Sabby Management, LLC              473,997        4.99%

   Hal Mintz                          473,997        4.99%

Sabby Management, LLC and Hal Mintz do not directly own any shares
of Common Stock, but each indirectly owns 473,997 shares of Common
Stock.  Sabby Management, LLC, a Delaware limited liability
company, indirectly owns  473,997 shares of Common Stock because it
serves as the investment manager of Sabby Healthcare Master Fund,
Ltd. and Sabby Volatility Warrant Master Fund, Ltd., Cayman Islands
companies.  Mr. Mintz indirectly owns 473,997 shares of Common
Stock in his capacity as manager of Sabby Management, LLC.

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

                        https://is.gd/YCcVas

                     About AmpliPhi Biosciences

Based in San Diego, California, AmpliPhi Biosciences Corporation --
http://www.ampliphibio.com/-- is a clinical-stage biotechnology
company focused on treating antibiotic-resistant infections using
its proprietary bacteriophage-based technology.  AmpliPhi's lead
product candidates target multidrug-resistant Staphylococcus aureus
and Pseudomonas aeruginosa, which are included on the WHO's 2017
Priority Pathogens List.  Phage therapeutics are uniquely
positioned to address the threat of antibiotic-resistance as they
can be precisely targeted to kill select bacteria, have a
differentiated mechanism of action, can penetrate and disrupt
biofilms (a common bacterial defense mechanism against
antibiotics), are potentially synergistic with antibiotics and have
been shown to restore antibiotic sensitivity to drug-resistant
bacteria.

Ampliphi reported a net loss attributable to common stockholders of
$24.27 million for the year ended Dec. 31, 2016, compared to a net
loss attributable to common stockholders of $10.79 million for the
year ended Dec. 31, 2015.  As of Sept. 30, 2017, the Company had
$13.78 million in total assets, $4.02 million in total liabilities
and $9.75 million in total stockholders' equity.

Ernst & Young LLP, in San Diego, California, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2016, citing that the Company has recurring
losses and negative cash flows from operations that raise
substantial doubt about its ability to continue as a going concern.


ART LLC: Case Summary & 5 Unsecured Creditors
---------------------------------------------
Debtor: ART LLC
        338 Potrero Avenue, Unit 402
        San Francisco, CA 94103

Business Description: ART LLC is a privately held company
                      based in Reno, Nevada.  The company's
                      principal assets are located at:

                      253 Friedell Street, #253
                      San Francisco, CA 94124

                      401 Harrison Street, Unit 4D
                      San Francisco, CA 94105

                      1 Franklin Street, #205
                      San Francisco, CA 94102

                      388 Fulton Street, Unit #207
                      San Francisco, CA 94102

                      38868 Thimbleberry Place
                      Newark, CA 94560

                      401 Harrison Street, Unit 4A
                      San Francisco, CA 94105

                      1 Franklin Street, #502
                      San Francisco, CA 94102

                      338 Potrero Avenue, Unit 402
                      San Francisco, CA 94103

Chapter 11 Petition Date: January 5, 2018

Case No.: 18-30014

Court: United States Bankruptcy Court
       Northern District of California (San Francisco)

Judge: Hon. Hannah L. Blumenstiel

Debtor's Counsel: Bennett G. Young, Esq.
                  JEFFER MANGELS BUTLER & MITCHELL LLP
                  2 Embarcadero Center, 5th Fl
                  San Francisco, CA 94111-3813
                  Tel: (415) 398-8080
                  E-mail: byoung@jmbm.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $10 million to $50 million

The petition was signed by Artem Koshkalda, managing member.

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

      http://bankrupt.com/misc/canb18-30014_creditors.pdf

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

          http://bankrupt.com/misc/canb18-30014.pdf


ATHABASCA OIL: DBRS Discontinues B(low) Issuer Rating
-----------------------------------------------------
DBRS Limited discontinued the Issuer Rating of Athabasca Oil
Corporation at the request of the Company. DBRS notes that the
withdrawal of the rating is not an expression of the credit quality
of the Issuer.

As previously reported by The Troubled Company Reporter, DBRS
Limited, in May 2017, confirmed the Issuer Rating of Athabasca Oil
Corporation at B (low) and changed the trend to Stable from
Negative. At that time, DBRS also discontinued the rating on the
Company's 7.50% Senior Secured Second-Lien Notes due in November
2017, as the Senior Notes were fully redeemed on March 24, 2017.


AUTO MASTERS: Has Access to Cash Collateral Until Feb. 28
---------------------------------------------------------
Judge Charles M. Walker of the U.S. Bankruptcy Court for the Middle
District of Tennessee entered a third agreed order, authorizing
Auto Masters, LLC, and each of its affiliates to use cash
collateral through Feb. 28, 2018.

Capital One is willing to consent to the Debtors' limited use of
cash collateral during the period from Dec. 20, 2017, through Feb.
28, 2018, subject to these terms and conditions:

      A. The Finance Company Debtors will not make any advances to
any of the Dealership Debtors under the provisions of Paragraph 4
of the Second Interim Order regarding certain advances, which will
not apply to any period from and after Nov. 14, 2017.

      B. No Finance Company Debtor will purchase, and no Dealership
Debtor will sell, any Consumer Paper other than under the terms and
conditions stated in the Agreed Stay Relief Order (which are by
this reference incorporated herein). Further, no Finance Company
Debtor will make any other payments to or transfers of any type to
any Dealership Debtor, whether for Consumer Paper previously
purchased or otherwise.

      C. The Finance Company Debtors will not be authorized to use
any cash collateral for any purpose from and after the date an
order is entered appointing a receiver over assets of the Finance
Company Debtors as contemplated in the Agreed Stay Relief Order.

      D. No Debtor will sell any vehicles at auction or to another
dealer other than in the ordinary course of business, and otherwise
the only vehicle sales will be to customers.

      E. No Dealership Debtor will sell any Automotive Finance
Corporation ("AFC") Secured Vehicle unless the Dealership Debtor
pays to AFC at closing the required amount to obtain a release of
AFC's lien on the subject vehicle

      F. Immediately after entry of the Third Extension Order, the
appropriate Dealership Debtor will pay AFC the required amount to
obtain a release of AFC's lien on the subject vehicle and AFC will
release its lien on the subject vehicle (and all proceeds from the
sale of the subject vehicle) and provide the appropriate Dealership
Debtor with the title for the subject vehicle.

      G. Immediately upon entry of this Third Extension Order, each
AFC Secured Vehicle that is being used by any person as a demo,
loaner, or otherwise will be either: (i) returned to the
appropriate Dealership Debtor's business location for sale to
customers, or (ii) sold at a price sufficient to pay AFC the
required amount to obtain a release of AFC's lien on the subject
vehicle.

      H. During the Subject Period only, each of the Finance
Company Debtors may use cash collateral to purchase Consumer Paper
generated by vehicle sales to customers of the Dealership Debtors
only in accordance with the terms of the Agreed Stay Relief Order,
and, in each case, if and only if each of the following has been/is
satisfied:

          (i) the Consumer Paper will meet the requirements for
Eligible Paper;

         (ii) given that the AFC Secured Vehicles are subject to a
purchase money lien in favor of AFC, prior to the purchase of any
Consumer Paper generated by the sale of an AFC Secured Vehicle, the
Dealership Debtor that is selling the vehicle (a) will have
obtained, and delivered to Capital One, written confirmation from
AFC that the sale proceeds are sufficient to pay the required
amount to AFC to obtain a release of its lien on the subject
vehicle, and (b) will have delivered to Capital One its written
commitment agreeing to pay such amount to AFC immediately upon the
closing of the sale; and

        (iii) Capital One, as agent for the benefit of the Lenders
under the Capital One Loan Documents, will have, and is granted, a
first priority, valid and perfected security interest and lien in
all Consumer Paper generated from such sales of AFC Secured
Vehicles as security for the full amount of the Capital One Loan
Obligations (effective and continuing without the necessity of the
execution, filing and/or recordation of security agreements,
control agreements, financing statements or otherwise).

      I. During the Subject Period only, the Debtors will cooperate
with Capital One, AFC and AIF SPV, and any of their respective
financial advisors, and other representatives and the Receiver to
provide requested financial information in a timely manner. The
Debtors will provide reasonable full access and cooperation to
permit the financial advisors of Capital One, Automotive Finance
Corporation and AIF SPV to allow an evaluation regarding collateral
and other financial matters regarding the Debtors' current business
operations and projections. In addition, on or before January 3,
2018, and January 15, 2018, and each Monday every two weeks
thereafter, the Debtors will provide to Capital One an accounting
which includes the following:

          (a) the current balance of each Cash Collateral Account
(not including accounts under the exclusive control of the
Receiver) as of the end of the prior week and the balance as of the
Petition Date;

          (b) all withdrawals from each Cash Collateral Account
(not including accounts under the exclusive control of the
Receiver);

          (c) all deposits in each Cash Collateral Account (not
including accounts under the exclusive control of the Receiver);

          (d) an actual to budget comparison report with respect to
the Emergency Expense Budget from and after December 20, 2017; and


          (e) until the Receiver is appointed as contemplated in
the Stay Relief Order, a borrowing base certificate as of the end
of the prior week in the same form as Debtors have provided under
the Capital One Loan Documents.

The Capital One Replacement Liens, the AFC Replacement Liens and
the AIV SPV Replacements Liens will continue in the Consumer Paper
purchased by the Receiver as provided in the Agreed Stay Relief
Order to the same extent and with the same priority as provided in
the Existing Cash Collateral Order.

A full-text copy of the Third Agreed Interim Order is available
at:

       http://bankrupt.com/misc/tnmb17-07036-334.pdf

Counsel for Capital One, National Association:

             John A. Harris
             Robert P. Harris
             QUARLES & BRADY LLP
             Renaissance One
             Two North Central Avenue
             Phoenix. Arizona 85004-2391
             Phone: 602.229.5200
             E-mail: john.harris@quarles.com
                    robert.harris@quarles.com

Counsel for Automotive Finance Corporation:

             Andrew T. Kight, Esq.
             JACOBSON HILE KIGHT, LLC
             One Indiana Square, Suite 1600
             Indianapolis, Indiana 46204
             Tel: (317) 608-1130
             E-mail: akight@jhklegal.com

                        About Auto Masters

Auto Masters, LLC -- https://driveautomasters.com/ -- is a "Buy
Here Pay Here" used car dealer in Nashville that offers financing
to customers for the cars they sell.  The company has dealership
locations in Nashville, Smyrna, Franklin, Hermitage, Madison,
Clarksville, West Nashville and Thompson Lane (Nashville).

On Oct. 17, 2017, Auto Masters, LLC, and 14 affiliates sought
Chapter 11 protection (Bankr. M.D. Tenn. Case No. 17-07036).  Auto
Masters estimated $10 million to $50 million in assets and $50
million to $100 million in debt.

The Hon. Charles M Walker is the case judge.  

Dunham Hildebrand, PLLC, is the Debtors' bankruptcy counsel.

On Nov. 15, 2017, the U.S. trustee for Region 8 appointed an
official committee of unsecured creditors.  The creditors committee
retained Gullett, Sanford, Robinson & Martin, PLLC, as its legal
counsel.


AVERY BRADLEY GREEN: Bankr. Administrator Seeks Chapter 11 Trustee
------------------------------------------------------------------
The United States Bankruptcy Administrator filed a motion asking
the U.S. Bankruptcy Court for the Middle District of North Carolina
to direct the appointment of a Chapter 11 trustee or an Examiner in
the chapter 11 case of Avery Bradley Green.

The BA asserts that on Dec. 11, 2017, the largest creditor in the
case, Palm Avenue Hialeah Trust, filed a Motion to Appoint a
Chapter 11 Trustee or convert the case to a Chapter 7.

In addition, cause exists to appoint a Trustee or Examiner as
follows:  The Debtor has filed two monthly reports in this case,
for September and October 2017. The reports were filed late. The
monthly reports show total income of $1,625 and total expenses of
$1,167.02. These reports do not exactly match up with the bank
statements filed; however, more significantly, the bank statements
do not reflect any expenditures for utilities, one possibly for
food ($23.34), and one possibly for auto expense ($60.09). It is
not possible that these are the only expenses/disbursements
incurred by the Debtor or for his benefit.

Further, the Debtor has testified under oath that he is unemployed
but looking for a job. He has also testified that he has not
pursued job opportunities because of the uncertainty of the
bankruptcy. It may be inferred that either the Debtor is not acting
in good faith by failing to pursue opportunities to increase his
income or, alternatively, that he has undisclosed assets and
sources of support which allow him to be at leisure.

The Debtor is also an heir to the estate of Zeddie B. Green. Upon
information and belief, Ms. Green died intestate. The estate
consists of numerous pieces of real estate, some of which are
developed and some not. There is a court-appointed representative
of the estate. Under North Carolina law, real estate passes
directly to the heirs and is not under the control of the personal
representative. Therefore, the Debtor should be in control of the
real estate assets of the estate. Moreover, the premises at Green
Manor, an asset of the probate estate, are apparently being
renovated. However, the Debtor has denied taking any action with
respect to these assets, and the assets are apparently uninsured.
The debtor is subject to possible claims from those persons dealing
with the real estate. The agreement that the Debtor entered into
with respect to Green Manor is incomplete and not in the best
interests of either estate or creditors. Further, the Debtor's
testimony as to the probate estate, and particularly the status of
Green Manor has been inconsistent.

Based on the foregoing, cause exists to appoint a Chapter 11
Trustee or and such appointment is in the interests of creditors
and the estate.

The BA is represented by:

     Robert E. Price, Jr.
     N. C. State Bar No. 9422
     U. S. Bankruptcy Administrator
     Middle District of North Carolina
     101 S. Edgeworth Street
     Greensboro, NC 27401
     (336) 358-4170

Avery Bradley Green filed a Chapter 11 petition (Bankr. M.D.N.C.
Case No. 17-11043), on September 15, 2017. The Debtor is
represented by Phillip E. Bolton, Esq.


B456 SYSTEMS: DPCC's Rejection Damages Claim Must be Adjusted
-------------------------------------------------------------
The Official Committee of Unsecured Creditors objected to the proof
of claim filed by Daimler Purchasing Coordination Corp. for damages
arising from B456 Systems, Inc. and affiliates' rejection of DPCC's
contract with A123 Systems, Inc.

Judge Kevin J. Carey of the U.S. Bankruptcy Court for the District
of Delaware sustained the claim objection in part and the parties
will be directed to confer concerning recalculation of DPCC's claim
in accordance with the Court's conclusions.

Old A123 manufactured and supplied batteries for electric and
hybrid-electric vehicles. In 2010, Daimler and Old A123 began
negotiations for the manufacture and supply of lithium ion starter
batteries for use in certain Mercedes-Benz car lines.

Daimler issued a requirement contract to DPCC for the purchase and
supply of 60Ah and 80Ah Starter Batteries. DPCC, in turn, issued a
requirement contract to Old A123 for the purchase and supply of the
80Ah and 60Ah Starter Batteries that would be delivered to
Daimler's plants. Specifically, DPCC sent proposed purchase
contracts to Old A123 in May 2011 and November 2011. The parties
signed an amendment in December 2012, which expressly modified
certain terms of the Purchase Contracts.

As part of the Contract, Old A123 and Daimler agreed that Old A123
would be reimbursed over time for certain upfront non-recurring
engineering and development costs associated with the Starter
Batteries through a "piece price amortization." The parties
determined an amount that was added to the base price for each
Starter Battery that would reimburse Old A123 for the NRE Costs.

The Debtors filed chapter 11 bankruptcy petitions on Oct. 16, 2012.
On Dec. 11, 2012, the Court entered an order approving the sale of
substantially all of the Debtors' assets to Wanxiang American
Corporation. Under the terms of the sale to Wanxiang, Old Al23's
name was changed to A123 Systems, LLC ("New A123").

DPCC filed its proof of claim in the amount of $25,530,912, for
damages arising from the Debtors' rejection of the Contract,
including the following: cover damages, including damages under
Section 2-712 of the Uniform Commercial Code, totaling
$25,108,942.65; and incidental damages, including damages under
Section 2-715 of the Uniform Commercial Code, totaling $421,970.
The Trustee argues that DPCC's claim is significantly inflated
because the Contract expressly provided for a one-year term, rather
than a multi-year term; DPCC calculated its claim for cover damages
on overstated inputs and unwarranted assumptions, including
outdated projections for the number of batteries purchased, spare
parts costs, and freight charges; and DPCC advocates use of an
inappropriate discount rate and fails to value the claim as of the
petition date. The Trustee argues that DPCC's rejection damages
claim should be no more than $1,152,035.

Both parties relied upon expert witnesses to calculate DPCC's
rejection damage claim. The Trustee's expert, Jonathon Vanderveen,
calculated the present value of DPCC's damages at $1,152,035 "at
most." DPCC's expert, Jeffrey L. Johnston, calculated the present
value of DPCC's damages at $l4,915,220. Although the experts
generally applied the same methodology, their damage calculation
totals differ significantly because the experts used different
information for certain inputs in the damage models.

The Court concludes that both experts incorrectly calculated DPCC's
rejection damages claim. Calculation of the price delta between the
Old A123 Contract and the New A123 contract for the Starter
Batteries during series production must be adjusted because the
parties mistakenly (i) changed the price of 60Ah Starter Batteries
based on the Amendment, (ii) reduced the price of the 80Ah Starter
Battery when 60Ah Starter Battery was not available; and (iii)
included freight costs in the Claim calculation. DPCC's spare parts
damages also must be revised based on a 50% price increase, rather
than DPCC's 100-200-300% price increase calculation. Finally, an
appropriate discount rate must be determined based upon the
Debtors' weighted average cost of debt as of the date of the First
Purchase Contract.

A full-text copy of the Court's Dec. 22, 2017 Opinion is available
at:

     http://bankrupt.com/misc/deb12-12859-2471.pdf

                    About B456 Systems

B456 Systems, Inc., formerly A123 Systems, Inc., designs, develops,
manufactures and sells rechargeable lithium-ion and energy storage
systems.  In the transportation industry market, the Company works
with global automotive manufacturers and tier 1 suppliers to
develop batteries and battery systems for hybrid electric vehicles
(HEVs), plug-in hybrid electric vehicles (PHEVs) and electric
vehicles, (EVs).  The Company's transportation business is divided
into two categories: heavy-duty and passenger.  As of Dec. 31,
2011, the Company's product offerings included batteries in various
sizes and forms, as well as packaged modules and fully-tested
battery systems.  The platform for battery and battery system
development is its Nanophosphate material.  In January 2013, A123
Systems LLC acquired the non-government business assets of the
Company.

A123 and U.S. affiliates, A123 Securities Corporation and Grid
Storage Holdings LLC, sought Chapter 11 bankruptcy protection
(Bankr. D. Del. Case Nos. 12-12859 to 12-12861) on Oct. 16, 2012.
A123 disclosed assets of $459.8 million and liabilities totaling
$376 million.  Lawyers at Richards, Layton & Finger, P.A., and
Latham & Watkins LLP serve as the Debtors' counsel.  Lazard Freres
& Co. LLC acts as the Debtors' financial advisors, while Alvarez &
Marsal serves as restructuring advisors.  Logan & Company Inc.
serves as the Debtors' claims and noticing agent.  Brown Rudnick
LLP and Saul Ewing LLP serve as counsel to the Official Committee
of Unsecured Creditors.

As reported by Reuters, on May 21, 2013, the Company won court
approval for its bankruptcy plan.  Under the approved Plan,
unsecured creditors of the Company are expected to recover about 65
cents for each dollar.


BARRACUDA NETWORKS: Fitch Assigns B LongTerm Issuer Default Rating
------------------------------------------------------------------
Fitch Ratings has assigned a first-time Long-Term Issuer Default
Rating (IDR) of 'B' to Barracuda Networks, Inc. The Rating Outlook
is Stable. Fitch has also assigned a 'BB-'/'RR2' rating to the $75
million secured revolving credit facility (RCF) and $555 million
first-lien secured term loan; and a 'CCC+'/'RR6' rating to the $205
million second-lien secured term loan. The proceeds, along with
equity contributions from Thoma Bravo, and cash on the balance
sheet will be used to fund the $1.6 billion acquisition that was
announced on Nov. 27, 2017. Fitch's rating actions affect $835
million total debt, including the $75 million RCF.  

KEY RATING DRIVERS

Product Range Supporting Small to Midsize Businesses (SMB) Segment:
Barracuda offers products addressing a wide range of IT needs for
SMB customers that generally have limited financial and technical
resources dedicated to IT management. Its products include Next
Generation Firewall, Web App Firewall, Email Security Gateway, Web
Security Gateway, Security and Archiving for Office 365, and
Backup/Data Protection. The availability of these products through
both appliance- and cloud-based platforms enables its SMB customers
to simplify IT security and data storage management. Fitch believes
the breadth of products available positions Barracuda well in a
segment that prefers simplicity over sophisticated solutions.

Secular Tailwind Supports Growth: Fitch believe two factors serve
as the fundamental demand drivers. Barracuda's cloud-based
solutions enable the company to benefit from the steady pace of IT
workload migrating from on-premise infrastructure to the cloud. In
addition, increasing awareness of IT security threats is leading
companies to allocate more resources to protecting their networks
and data; some of the high-visibility IT security breaches include
data breaches and ransomware that could be costly or cause damage
to a company's reputation.

High Revenue Retention Rate: Barracuda has maintained a high
subscription-revenue retention rate of over 100% for four of the
last five fiscal years and that demonstrates its ability to retain
active subscribers and upsell additional products. Fitch believes
the high level of retention rates generally lead to high level of
revenue predictability.

Diversified Customer Base: Consistent with the fragmented nature of
the SMB segment, Barracuda serves a large set of customers, with
approximately 180,000 customers, including 16,000 that use more
than three products. Fitch believes the diverse customer base could
partially mitigate inherent risks in the SMB segment through the
economic cycles.

Susceptible to Industry Cyclicality: Barracuda is susceptible to IT
security industry cycles, as illustrated by its FY2017 and first
half FY2018 (1H18) slowdown in revenue growth. Fitch believes the
weakness may have been the result of strong growth in the previous
years coinciding with the heightened IT security awareness that
propelled overall industry growth. Fitch view the current industry
environment as normal and a more realistic base for assessing
future growth potential. Nevertheless, Barracuda's focus on IT and
data security will continue to expose the company to industry
cyclicality.

Leverage to Remain Elevated: Pro forma for cost savings and the
leveraged buyout by Thoma Bravo, gross leverage will be elevated at
7.2x for FY2019, in line with peers in the 'B' rating category;
Fitch expects this to trend down to below 5.5x by FY2021. In
addition to debt issuance, Thoma Bravo will be making $715 million
in equity contributions; Fitch believes this demonstrates Thoma
Bravo's commitment and confidence in the industry and the company.
Barracuda has a history of acquiring complementary technologies and
products, the most recent being Sookasa and Sonian; Fitch believes
the company will remain acquisitive in order to keep pace with the
fast-moving industry, limiting its deleveraging to primarily EBITDA
growth.

DERIVATION SUMMARY

Fitch's ratings are supported by Barracuda's focus on IT and data
security for the SMB segment and the secular growth trend for the
IT security industry. Barracuda's wide range of products are
primarily offered as cloud-based, making them easily accessible and
manageable by SMB customers that prefer simplicity over
sophistication in IT security, as is reflected by its over 180,000
customers. The subscription nature of the products and high revenue
retention rates provide a high level of predictability for its
revenues. Predictability is marginally tempered by the risks
inherent to the SMB segment that Barracuda is exposed to through
the economic cycles. At the IT security industry level, Fitch
believes the heightened awareness of IT security risks arising from
high-profile security breaches in recent years provides support for
the secular growth of the industry.

The announced $1.6 billion acquisition by Thoma Bravo will be
financed with $760 million in term loans, equity contribution from
Thoma Bravo, and cash on the balance sheet at closing. Fitch
forecasts Barracuda's gross leverage for FY2019 to be 7.2x,
gradually declining to below 5.5x by FY2021. Barracuda's industry
expertise, revenue scale, and leverage profile are consistent with
the 'B' rating category.

KEY ASSUMPTIONS

Fitch's Key Assumptions Within its Rating Case for the Issuer:

-- Revenue growth in the high single digits;
-- EBITDA margins in the mid-to-high 20% range after completion
    of cost reduction measures;
-- Capex at approximately 2.3% of revenue, consistent with
    historical trend;
-- Acquisitions averaging $20 million per year for FY2019-2021,
    enabling the company to expand product lines and technologies;
-- No dividend payment through Fitch forecast period.

In estimating a distressed enterprise value (EV) for Barracuda,
Fitch assumes that in a distressed scenario, customers may elect to
switch to competing service providers, leading to revenue decline
and margin compression on a reduced scale; resulting in
going-concern EBITDA that is approximately 15% lower compared to
LTM EBITDA. Fitch applies a 6.5x multiple to arrive at EV of $512
million. In the 13th edition of Fitch's Bankruptcy Enterprise
Values and Creditor Recoveries case studies, Fitch notes seven past
reorganizations in the Technology sector with recovery multiples
ranging from 2.6x to 8.4x. Of these companies, only two were in the
Software sector, Allen Systems Group, Inc. and Aspect Software
Parent, Inc., which received recovery multiples of 8.4x and 5.5x,
respectively. Fitch believes Barracuda's operating profile supports
a recovery multiple in the middle of this range. In the current
transaction to acquire Barracuda, Thoma Bravo is valuing the
company at approximately 17x EBITDA; Fitch believe the high
acquisition multiple also supports Fitch recovery multiple
assumption.

RATING SENSITIVITIES

Developments that May, Individually or Collectively, Lead to
Positive Rating Action:
-- Expectation for gross leverage sustaining below 5.5x;
-- Pre-dividend FCF margins sustaining above 10%;
-- Organic revenue growth sustaining near or above 5%.

Developments that May, Individually or Collectively, Lead to
Negative Rating Action
-- Expectation for gross leverage sustaining above 7x, possibly
    due to debt-financed acquisitions or dividend payment to
    owners;
-- Pre-dividend FCF margins sustaining below 5%;
-- Organic revenue growth sustained near or below 0%.

LIQUIDITY

Fitch expects the company's liquidity to remain solid over the
forecast period. Pro forma for the Thoma Bravo transaction,
liquidity will be supported by internal FCF generation, a new $75
million RCF, and over $75 million of readily available cash and
cash equivalents post-closing. Barracuda's FCF is supported by
normalized EBITDA margins of approximately 25%; Fitch estimates FCF
to be initially curbed in large part by restricted stock unit
payout, and FCF margins to gradually normalize near 10% and
approach $50 million at the end of Fitch forecast period.

FULL LIST OF RATING ACTIONS

Fitch has assigned the following ratings:

Barracuda Networks, Inc.

-- Long-Term Issuer Default Rating 'B'; Outlook Stable;
-- $75 million first-lien secured revolving credit facility
    'BB-'/'RR2';
-- $555 million first-lien secured term loan 'BB-'/'RR2';
-- $205 million second-lien secured term loan 'CCC+'/'RR6'.


BILL BARRETT: JPMorgan Chase Reports 4% Stake as of Dec. 29
-----------------------------------------------------------
JPMorgan Chase & Co disclosed to the Securities and Exchange
Commission that it has ceased to be the beneficial owner of more
than five percent of Bill Barrett Corporation's outstanding common
shares.  As of Dec. 29, 2017, JPMorgan beneficially owns 3,907,684
shares of common stock of Bill Barrett, constituting 4 percent of
the shares outstanding.  A full-text copy of the Schedule 13G/A is
available for free at:

                    https://is.gd/dAXTNn

                     About Bill Barrett

Bill Barrett Corporation (NYSE: BBG), headquartered in Denver,
Colorado -- http://www.billbarrettcorp.com/-- is an independent
energy company that develops, acquires and explores for oil and
natural gas resources.  All of its assets and operations are
located in the Rocky Mountain region of the United States.

Bill Barrett reported a net loss of $170.4 million on $178.8
million of total operating revenues for the year ended Dec. 31,
2016, compared to a net loss of $487.8 million on $207.9 million of
total operating revenues for the year ended Dec. 31, 2015.  As of
Sept. 30, 2017, the Company had $1.33 billion in total assets,
$815.49 million in total liabilities and $515.01 million in total
stockholders' equity.

                           *    *    *

In April 2017, Moody's Investors Service upgraded Bill Barrett's
Corporate Family Rating (CFR) to 'Caa1' from 'Caa2' and its
existing senior unsecured notes' ratings to 'Caa2' from 'Caa3'.
"The upgrade of Bill Barrett's ratings is driven by the reduction
of default risk supported by the company's large cash balance and
improved debt maturity profile," said Prateek Reddy, Moody's lead
analyst.  "The company's credit metrics are likely to soften in
2017 because of the roll off of higher priced hedges, but the
metrics should strengthen along with production growth in 2018."


BIOSTAGE INC: Closes $4.1 Million Private Placement
---------------------------------------------------
Biostage, Inc. has closed a private placement with a group of
investors from China for aggregate gross proceeds of approximately
$4.1 million.  Connecticut Children's Medical Center also
participated in the transaction by purchasing additional
securities.

Jim McGorry, CEO of Biostage stated, "We are pleased to have closed
this private placement.  This timely capital infusion has returned
the company to a position of solvency and will advance our
pediatric and adult esophageal product candidates.  Our new
investors see the merit and value of our technology and performed
extensive due diligence, including discussions with our key product
co-development collaborators, prior to making this investment.  The
Company's operations going forward will be of a more efficient size
and structure, which we expect will allow us to move at a fast pace
while reducing our cash burn rate."

Bin Zhao, principal of DST Capital LLC, the lead investor,
commented, "We are excited to invest in Biostage at this critical
time.  We invested for three fundamental reasons.  First, based on
our due diligence we have great confidence in the company's
technology, the management team and key strategic collaborations;
second, we see the medical value and economic benefits of bringing
the Company's technology to suffering patients, especially
children; and third, in addition to the US market we believe that
making this technology available in Asian markets, especially
China, will greatly expand the number of patients who can be
helped."

Mr. McGorry added, "We are also very pleased that Connecticut
Children's Medical Center has agreed to invest in Biostage.  This
is a tremendous endorsement of our co-development work on pediatric
esophageal atresia with Dr. Christine Finck and her team at
Connecticut Children's.

Christine Finck, M.D., Surgeon in Chief of Connecticut Children's
Medical Center, commented, "Our hospital is committed to
translating this novel technology to the clinic to address
esophageal atresia in children, and our investment reflects that
commitment.  There is a tremendous unmet medical need for kids
suffering with pediatric esophageal atresia in Connecticut and
across the world.  The research happening at Connecticut using this
technology shows promise of one day dramatically improving their
care and condition."

Pursuant to a previously-disclosed Memorandum of Understanding, the
Company entered into a Securities Purchase Agreement effective as
of Dec. 27, 2017 with the Investors, and closed the Private
Placement simultaneously with the effectiveness of the Purchase
Agreement.  In accordance with the MOU and the Purchase Agreement,
the Company issued to the Investors an aggregate of (i) 518,000
shares of the Company's common stock, par value $0.01 per share,
with each common share plus warrants to purchase 1.5 shares of
common stock to comprise a Common Unit, and (ii) 3,108 shares of
Series D Convertible Preferred Stock, each convertible into 500
shares of common stock, with each share of Series D Preferred Stock
plus warrants to purchase 750 shares of common stock to comprise a
Preferred Unit.  Each Common Unit was purchased for $2.00 per unit
and each Preferred Unit was purchased for $1,000 per unit.

The Warrants have an exercise price of $2.00 per share, are
immediately exercisable and have a five-year term.

The Series D Preferred Stock ranks on parity to the Common Stock,
and is entitled to vote on any matters to which shares of the
Common Stock are entitled to vote, on an as-if-converted basis, and
has no preferential rights to the Common Stock.  The Series D
Preferred Stock includes a conversion limitation that limits the
Investors and their affiliates to owning, collectively, no more
than 49.99% of the Common Stock.

In connection with the Private Placement, the Investors now have a
majority of the Company's voting rights and in accordance with the
Purchase Agreement have been granted board representation and
nomination rights, such that the director nominees of the Investors
shall constitute a majority of the Company's board of directors,
but no more than is necessary to constitute such a majority.

The Company plans to schedule a business update investor
teleconference to occur later this month.

Additional information regarding the transaction is available for
free at https://is.gd/oNbNZf

                      About Biostage

Headquartered in Holliston, Massachusetts, Biostage, Inc., formerly
Harvard Apparatus Regenerative Technology, Inc. --
http://www.biostage.com/-- is a biotechnology company developing
bio-engineered organ implants based on the Company's new Cellframe
technology which combines a proprietary biocompatible scaffold with
a patient's own stem cells to create Cellspan organ implants.
Cellspan implants are being developed to treat life-threatening
conditions of the esophagus, bronchus or trachea with the hope of
dramatically improving the treatment paradigm for patients.  Based
on its pre-clinical data, Biostage has selected life-threatening
conditions of the esophagus as the initial clinical application of
its technology.  

Biostage reported a net loss of $11.57 million for the year ended
Dec. 31, 2016, compared to a net loss of $11.70 million for the
year ended Dec. 31, 2015.  The Company's balance sheet as of Sept.
30, 2017, showed $2.55 million in total assets, $2.07 million in
total liabilities and $477,000 in total stockholders' equity.

KPMG LLP, in Cambridge, Massachusetts, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2016, citing that the Company has suffered recurring
losses from operations and will require additional financing to
fund future operations which raise substantial doubt about its
ability to continue as a going concern.


BLACKRIDGE TECHNOLOGY: Conyers Has 9.2% Stake as of March 31, 2017
------------------------------------------------------------------
Conyers Investments LLC, Thomas Peterffy and Christopher Uzpen
disclosed that as of March 31, 2017, they beneficially own
7,015,184 shares of common stock of Blackridge Technology
International, Inc., constituting 9.2 percent of the shares
outstanding.  Each of the Mr. Peterffy and Mr. Uzpen is a manager
of Conyers and share voting and dispositive power with respect to
the shares owned by Conyers.  Mr. Uzpen disclaims any beneficial
ownership of any the shares held by Conyers.

The percentage is based on 75,787,263 shares of Common Stock issued
and outstanding as of Nov. 14, 2017 plus 704,178 shares which the
reporting person has the right to acquire through the exercise of a
warrant.

Each of the Reporting Individuals, as Managers of Conyers, with the
power to exercise investment discretion, may be deemed to be the
beneficial owner of all shares of Common Stock held by, and
underlying the Warrants held by, Conyers.

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

                     https://is.gd/K5heAg

                  About BlackRidge Technology

Based in Reno, Nevada, BlackRidge Technology (OTCQB: BRTI) --
http://www.blackridge.us/-- provides next generation cyber defense
solutions that stop cyber-attacks and block unauthenticated access.
BlackRidge's patented First Packet Authentication technology was
developed for the military to cloak and protect servers and segment
networks.  BlackRidge Transport Access Control authenticates user
and device identity and enforces security policy on the first
packet of network sessions.  This new level of real-time protection
blocks or redirects unidentified and unauthorized traffic to stop
attacks and unauthorized access, isolates systems and segments
networks, and provides identity attribution.  BlackRidge was
founded in 2010 to commercialize its military grade and patented
network security technology.

On Sept. 6, 2016, Grote Molen, Inc., entered into an agreement and
plan of reorganization with BlackRidge Technology International,
Inc., a Delaware corporation, and Grote Merger Co., a Delaware
corporation providing for the Company's acquisition of BlackRidge
in exchange for a controlling number of shares of the Company's
preferred and common stock pursuant to the merger of Grote Merger
Co. with and into BlackRidge, with BlackRidge continuing as the
surviving corporation.  The transaction contemplated in the
agreement closed on Feb. 22, 2017.

On July 2, 2017, the Company filed a Certificate to Accompany
Restated Articles or Amended and Restated Articles with the
Secretary of State of Nevada to, among other things, change the
Company's name to BlackRidge Technology International, Inc.

Grote Molen reported a net loss of $259,447 for the year ended Dec.
31, 2016, compared to a net loss of $52,120 for the year ended Dec.
31, 2015.  As of Sept. 30, 2017, the Company had $9.25 million in
total assets, $11.82 million in total liabilities and a total
stockholders' deficit of $2.57 million.

Pritchett, Siler & Hardy, P.C., in Farmington, Utah, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2016, noting that Grote
Molen, Inc., has incurred losses and negative cash flows from
operations.  These factors raise substantial doubt about the
ability of the Company to continue as a going concern.


BON-TON STORES: Names Michael Culhane as Chief Financial Officer
----------------------------------------------------------------
The Bon-Ton Stores, Inc., has appointed Michael Culhane to the
position of executive vice president, chief financial officer of
the Company, effective Jan. 3, 2018.  Mr. Culhane will be
responsible for accounting, treasury, tax, credit, investor
relations, legal and internal audit.  He succeeds Nancy Walsh, who
is leaving the Company effective as of Jan. 22, 2018, to take a
position at another company.

Mr. Culhane brings more than 30 years of finance and accounting
experience and a deep knowledge of the retail industry to Bon-Ton,
having held several roles at retail companies throughout his
career, including as chief financial officer.  He was most recently
president and co-founder of TMAG, Inc., providing CFO consulting
services.  Prior to TMAG, Inc., he served as chief financial
officer at Hudson's Bay Company and has also held various executive
roles with Lord & Taylor and May Department Store Group.  Mr.
Culhane has a B.B.A. in Accounting from the University of
Wisconsin-Madison.

Commenting on Mr. Culhane's appointment, Bill Tracy, president and
chief executive officer, said, "We are very pleased to welcome Mike
to our executive leadership team.  We look forward to leveraging
his extensive financial expertise and significant department store
retail experience as we continue to execute on our initiatives to
drive improved performance and strengthen our financial position.
We are confident he will be an asset to our team as we continue to
engage with our debt holders in our efforts to establish a
sustainable capital structure for the Company."

Mr. Tracy continued, "On behalf of the entire Board and management
team, I want to thank Nancy for her service and many contributions
as CFO over the past two years.  We wish her all the best in her
future endeavors."

                        Offer Letter

The Company and Mr. Culhane entered into an offer letter dated Dec.
29, 2017 and effective as of Jan. 2, 2018.

The Offer Letter does not provide for a term of employment and
provides for an initial base salary of $600,000 per year.  The
Offer Letter also provides that Mr. Culhane will be paid a signing
bonus of $600,000 on the Effective Date.  The signing bonus is paid
subject to an Agreement dated Jan. 2, 2018.  The Agreement provides
that Mr. Culhane is paid a cash award that is subject to repayment
if Mr. Culhane's employment is terminated under certain
circumstances prior to Jan. 1, 2019.  In the event that his
employment is terminated prior to Jan. 1, 2019 due to a termination
by the Company for "Cause" (as defined in the Agreement) or any
termination by him other than for "Good Reason" (as defined in the
Agreement), Mr. Culhane must repay to the Company the entire amount
of the Award.  In the event that his employment by the Company is
terminated prior to Jan. 1, 2019 due to his death or disability, a
termination by the Company without Cause or a termination by him
for Good Reason, Mr. Culhane is not obligated to repay to the
Company any amount of the Award.

The Offer Letter provides that Mr. Culhane will be eligible for a
bonus under The Bon-Ton Stores, Inc. Amended and Restated Cash
Bonus Plan under the following parameters: a target bonus of 75% of
base salary, a threshold bonus of 37.5% of base salary, and a
maximum bonus of 150% of base salary.

The Company has agreed to reimburse Mr. Culhane for commuting
expenses up to $50,000 for each calendar year.

Mr. Culhane will also be eligible to participate in the Company's
health plans and other plans and programs generally available to
the Company's employees and executives.  He will also be entitled
to participate in The Bon-Ton Stores, Inc. Executive Severance Pay
Plan pursuant to which, if Mr. Culhane's employment is terminated
without cause or in the event he resigns for good reason, he will
be entitled to a cash severance benefit equal to one times his
annual base salary.  Upon a qualifying termination, Mr. Culhane
would be eligible to receive a cash stipend equal to the amount he
is required to pay under COBRA in order to maintain the medical and
dental insurance coverage he is receiving at the date of his
termination for one year.  In order to receive these payments, Mr.
Culhane must, among other things, execute and deliver to the
Company a Confidentiality, Non-Competition and Non-Solicitation
Agreement.

                   About The Bon-Ton Stores

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

Bon-Ton Stores reported a net loss of $63.41 million for the year
ended Jan. 28, 2017, a net loss of $57.05 million for the fiscal
year ended Jan. 30, 2016, and a net loss of $6.97 million for the
year ended Jan. 31, 2015.

As of Oct. 28, 2017, Bon-Ton Stores had $1.58 billion in total
assets, $1.74 billion in total liabilities and a total
shareholders' deficit of $155.96 million.

                          *     *     *

As reported by the TCR on Dec. 21, 2017, S&P Global Ratings lowered
its corporate credit rating on Bon-Ton Stores to 'SD' (selective
default) from 'CCC'.  The downgrade follows Bon-Ton's recent
announcement that it did not make a $14 million interest payment on
its 8% second-lien notes due on Dec. 15.  A payment default has not
yet occurred under the indenture governing the notes, which
provides a 30-day elected grace period.  S&P said, "However, we
believe there is a high likelihood that the company will not make
the interest payment in full within the stated grace period.  We
think the company did not make the interest payment to preserve
shrinking liquidity and a restructuring, either out of court or
through a court reorganization, is likely in the near future."

Also in November 2017, Moody's Investors Service downgraded The
Bon-Ton Stores' Corporate Family Rating to 'Caa3' from 'Caa1'.  The
downgrade reflects the high likelihood of a distressed exchange to
reduce its debt obligations and improve the company's long term
liquidity profile.


CAMPBELLTON-GRACEVILLE: Files Chapter 11 Joint Plan of Liquidation
------------------------------------------------------------------
Campbellton-Graceville Hospital Corporation and the Official
Committee of Unsecured Creditors filed with the U.S. Bankruptcy
Court for the Northern District of Florida a joint disclosure
statement in connection with their proposed chapter 11 plan of
liquidation dated Dec. 29, 2017.

Since the commencement of this case, it was clear to bankruptcy
counsel for the Debtor and for People's Choice Hospital that the
result of continued litigation -- including contested fights over
cash collateral cash collateral use, competing affirmative claims,
and the use of the proprietary Empower Software -- would almost
certainly result in the hospital closing. In an effort to avoid
that, in the less than two weeks after the Debtor filed for
bankruptcy protection, PCH and the Debtor engaged in intensive
discussions in an effort to achieve a global resolution of
entrenched disputes that were been ongoing since mid-2015. The
result of those discussions was the global resolution embodied in a
Settlement Agreement, which was beneficial for the Debtor's estate
and for all of the parties involved. The Settlement Agreement was
believed to be the only path that would allow the Debtor to achieve
its goal of keeping the hospital open to serve the emergency and
medical needs of the community.

General Unsecured and Deficiency Claims in class 3 total
$118,465,785.27. The general unsecured claims consist primarily of
third party payors alleging overpaid insurance claims not properly
reimbursed by Debtor. The majority of remaining claims were
received by reference laboratories that participated in the
Laboratory Program alleging unpaid invoices for services performed.
Estimated recovery for this class is unknown.

To support the Plan and Liquidating Trust, the Debtor has been in
final negotiations and expects to finalize DIP/Exit Financing to
provide sufficient liquidity to satisfy administrative expense
claims and to aggressively pursue the Litigation Claims.

A copy of the Joint Disclosure Statement is available at:

     http://bankrupt.com/misc/flnb17-40185-341.pdf

               About Campbellton-Graceville
                   Hospital Corporation

Campbellton-Graceville Hospital Corporation is a non-profit
corporation established pursuant to the laws of the State of
Florida in 1961 and operates as a not-for-profit 25-bed critical
access hospital serving northern Florida, as well as surrounding
areas in Georgia and Alabama, and had approximately 100 employees.
It offered comprehensive medical care, including emergency
services, general hospitalization, laboratory services, swing bed
and physical therapy.

Campbellton-Graceville Hospital filed a Chapter 11 bankruptcy
petition (Bankr. N.D. Fla. Case No. 17-40185) on April 17, 2017.
The Hon. Karen K. Specie presides over the case.  Berger Singerman
LLP represents the Debtor as counsel.

In its petition, the Debtor estimated $1 million to $10 million in
assets and $1 million to $10 million to $50 million in
liabilities.

The petition was signed by Marwill Glade of GlassRatner Advisory &
Capital Group, LLC, to Debtor's chief restructuring officer.

On June 8, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  The committee hired
Broad and Cassel LLP as counsel, and Wayne Black and Associates,
Inc., as investigative assistant.

Judge Karen K. Specie in June 2017 entered an order finding that
the appointment of a patient care ombudsman for the Debtor is not
necessary.


CANTRELL DRUG: Taps Catlett Law Firm as Special Counsel
-------------------------------------------------------
Cantrell Drug Company, Inc. received approval from the U.S.
Bankruptcy Court for the Eastern District of Arkansas to hire
Catlett Law Firm, PLC as its special counsel.

The firm will handle regulatory compliance issues related to the
Debtors' Chapter 11 case.

The firm's hourly rates are:

     S. Graham Catlett          $300
     Christian Michaels         $225
     Paul Charto                $225
     Associates                 $150
     Caroline Elliott, CPA      $150
     Legal Assistants            $50

S. Graham Catlett, Esq., disclosed in a court filing that he and
his firm do not hold or represent any interest adverse to the
Debtors' estates.

The firm can be reached through:

     S. Graham Catlett, Esq.
     Catlett Law Firm, PLC
     323 Center Street, Suite 1800
     Little Rock, AK 72201
     Tel: +1.501.725.8468
     Email: gcatlett@catlaw.com

                      About Cantrell Drug

Established in 1952, Cantrell Drug Company --
https://www.cantrelldrug.com/ -- is a privately owned multi-faceted
specialty pharmaceutical company providing sterile and non-sterile
pharmaceutical preparations to meet the needs of patients,
physicians, clinics, and healthcare institutions throughout the
United States.  Cantrell Drug is comprised of two divisions: a
state-based custom compounding division primarily designed to
"bridge the gap" with commercial product drug shortages, and a FDA
registered division known as an "Outsource Human Drug Compounder."

Cantrell Drug Company filed a Chapter 11 petition (Bankr. D. Ark.
Case No. 17-16012) on Nov. 7, 2017.  James L. Mc Carley, Jr., its
CEO, signed the petition.  The case is assigned to Judge Phyllis M.
Jones.  The Debtor is represented by Kevin P. Keech, Esq. at Keech
Law Firm, P.A.  At the time of filing, the Debtor disclosed $15.11
million in assets and $7.46 million in liabilities.


CASHMAN EQUIPMENT: Wants to Use Cash Collateral Until June 30
-------------------------------------------------------------
Cashman Equipment Corp. and its affiliated debtors ask the U.S.
Bankruptcy Court for the District of Massachusetts for the entry of
an order authorizing the continued use of Cash Collateral for the
period between Jan. 15, 2018 and June 30, 2018 in accordance with
the budget for the Debtors' operations, on substantially the same
terms as the Eighth Interim Order entered by the Court on Oct. 24,
2017.

The Debtors require the use of cash collateral to pay the expenses
necessary to maintain their businesses, maintain operations and
preserve the value of their assets, all as is described in the
Budget.

Since the Petition Date, the Debtors have used cash collateral on
terms agreed to between the Debtors and the Lenders, have exceeded
their operating projections, and have substantially increased cash
collateral, from approximately $5,978,000 as of the Petition Date
to approximately $14,159,000 as of the date of the motion -- an
increase of approximately $8,181,000.

The Debtor asserts that the increase in cash collateral, along with
the adequate protection liens that the Debtors propose to grant to
the Lenders, more than adequately protect the Lenders for the
Debtors' use of cash collateral during the Budget period.  

Consistent with the 8th Cash Collateral Order, the Debtors also
propose the following additional adequate protection:

     (a) Each Lender and RTC, as collateral agent, would be granted
a replacement lien on the same type of post-petition property of
the Debtors' estates against which such Lender Party held a lien as
of the Petition Date. Each Lender Party's Primary Replacement Liens
will maintain the same priority, validity and enforceability as
such Lender’s pre-petition liens.

     (b) To the extent that the diminution of any Lender Party's
interest in Cash Collateral after the Petition Date exceeds the
value of such Lender Party's Primary Replacement Lien, such Lender
Party is granted a lien on cash collateral junior to: (i) existing
liens as of the Petition Date, (ii) replacement liens and Primary
Replacement Liens granted pursuant to the Prior Cash Collateral
Orders, and (iii) Primary Replacement Liens granted during the
Budget Period.

     (c) As further adequate protection to each Lender Party,
Additional Adequate Protection Liens as set forth in the 8th Cash
Collateral Order. Based on the New Appraisals and the debt balances
as of the Petition Date, the equity in the assets that would secure
the Additional Adequate Protection Liens is approximately
$123,000,000, based on the fair market value, and approximately
$62,380,000 based on the orderly liquidation value of such assets.

Consistent with the 8th Cash Collateral Order, the Debtors will
provide the following reporting to each Lender Party, the Committee
and the Office of the U.S. Trustee:

     (a) Budget to Actual Report. Commencing on February 1, 2018,
and continuing every two weeks thereafter, the Debtors will deliver
to each Lender Party, the Creditors' Committee and their respective
counsel, not later than noon, a variance report for the two-week
period ending the previous Sunday comparing the actual receipts and
disbursements of the Debtors with the receipts and disbursements in
the Budget (i) for such two-week period, and (ii) for the period
from the Petition Date through the end of such two-week period.

     (b) Vessel Reports. Commencing on February 1, 2018, and
continuing every two weeks thereafter, the Debtors will provide the
following reporting to each Lender Party and counsel for the
Creditors' Committee:

        (i) a report, for the period from January 14, 2018 to
January 28, 2018 (and thereafter for each succeeding two week
period), on the collection of accounts receivable and charter hire
based on which Lender holds a lien on the collected accounts
receivable,

       (ii) a report identifying, as to each vessel, accounts
receivable generated during such two week period, first mortgage
holder (Lender or Collateral Agent), operating status of such
vessel, and status of insurances; and

      (iii) if not previously provided, a copy of each Debtor's
last monthly operating report submitted to the Office of the United
States Trustee.

     (c) Conference Calls. On February 1, 2018, at 3:00 p.m., and
at the same time on the same day every second week thereafter (as
any such date and time might be rescheduled by agreement between
the Debtors and the Collateral Agent on notice to the Lenders and
the Creditors' Committee), the Debtors and their advisors will
conduct a case status call (including the Debtors' progress in
execution of the Sales Plan referred to in the Term Sheet) with the
Creditors' Committee, the Lenders who wish to participate, and
their respective counsel.

The Debtors agree to these restrictions on the use of Cash
Collateral:

     A. Restriction on Disbursements.  The aggregate of the actual
Operating Disbursements and Restructuring Disbursement of the
Debtors will not exceed the aggregate of the total Operating
Disbursements and Restructuring Disbursements set forth in the
Budget for the Measurement Period by more than 15%.

     B. Restriction on Payments to Professionals.  Compensation and
reimbursement of expenses for professionals of the Debtors or
Creditors' Committee are authorized to be paid from Cash Collateral
to the extent provided for in the Budget and subject to a 15%
variance, and approved by the Court or payable pursuant to
compensation procedures approved by the Court.

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

           http://bankrupt.com/misc/mab17-12205-632.pdf

                 About Cashman Equipment Corp.

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

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

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

Judge Melvin S. Hoffman presides over the cases.

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

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


CHARMING CHARLIE: Taps Kirkland & Ellis as Lead Counsel
-------------------------------------------------------
Charming Charlie Holdings Inc. seeks approval from the U.S.
Bankruptcy Court for the District of Delaware to hire Kirkland &
Ellis LLP and Kirkland & Ellis International LLP as lead counsel.

Kirkland will advise the company and its affiliates regarding their
duties under the Bankruptcy Code; negotiate with creditors; give
advice on any potential sale of their assets; represent the Debtors
in connection with obtaining authority to continue using cash
collateral and post-petition financing; and provide other legal
services related to their Chapter 11 cases.

Kirkland's hourly rates are:

     Partners             $965 - $1,795
     Of Counsel           $575 - $1,795
     Associates           $575 - $1,065
     Paraprofessionals      $220 - $440

On October 20, 2017, the Debtors paid $50,000 to Kirkland, which
constituted an "advance payment retainer."  Subsequently, the
Debtors paid additional advance payment retainers totaling
$1,152,480.10.

Joshua Sussberg, president of Joshua A. Sussberg, P.C., a partner
of the firm, disclosed in a court filing that Kirkland is a
"disinterested person" as defined in section 101(14) of the
Bankruptcy Code.

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


Mr. Sussberg also disclosed that the firm has represented the
Debtors during the 12-month period before the petition date and
that from October 16 to December 31, 2017, the firm's hourly rates
for its services range from $930 to $1,745 for partners, $555 to
$1,745 for of counsel, $555 to $1,015 for associates, and $215 to
$420 for paraprofessionals.

The Debtors and Kirkland are developing a budget and staffing plan
for the period through April 30, 2018, according to Mr. Sussberg.

Kirkland can be reached through:

     Joshua Sussberg, Esq.
     Kirkland & Ellis LLP
     601 Lexington Avenue
     New York, NY 10022
     Phone: +1 212-446-4800 / +1 212-446-4829
     Fax: +1 212-446-4900 / +1 212-446-6460
     Email: joshua.sussberg@kirkland.com

                  About Charming Charlie Holdings

Charming Charlie -- http://www.CharmingCharlie.com/-- is a
Houston-based specialty retailer focused on fashion jewelry,
handbags, apparel, gifts and beauty products.

Charming Charlie Holdings Inc. and its affiliates sought Chapter 11
protection (Bankr. D. Del. Lead Case No. 17-12906) on Dec. 11,
2017.  At the time of filing, the Company operated more than 375
stores in the United States and Canada.

Charming Charlie estimated assets of $50 million to $100 million
and debt of $100 million to $500 million.

Kirkland & Ellis LLP is serving as the Company's legal counsel,
AlixPartners LLP is serving as its restructuring advisor and
Guggenheim Securities, LLC is serving as its investment banker.
Klehr Harrison Harvey Branzburg LLP is the Company's local counsel.
Rust Consulting/OMNI Bankruptcy is the claims and noticing agent.

Joele Frank, Wilkinson Brimmer Katcher is the Company's
communications consultant.  A&G Realty Partners, LLC's the
Company's real estate advisors.  Hilco Merchant Resources LLC is
the Company's exclusive agent.


CHARMING CHARLIE: Taps Klehr Harrison as Co-Counsel
---------------------------------------------------
Charming Charlie Holdings Inc. seeks approval from the U.S.
Bankruptcy Court for the District of Delaware to hire Klehr
Harrison Harvey Branzburg LLP as legal counsel.

Klehr Harrison will serve as co-counsel with Kirkland & Ellis LLP
and Kirkland & Ellis International LLP, the firms tapped by the
company and its affiliates to be their lead counsel.

The hourly rates charged by Klehr Harrison range from $360 to $700
for partners, $300 to $450 for counsel, $230 to $425 for
associates, and $150 to $300 for paralegals.

The firm received from the Debtors $52,019 as retainer on December
11, 2017.

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

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

Mr. Pacitti also disclosed that Klehr Harrison represented the
Debtors during the month before the petition date using hourly
rates ranging from $360 to $700 for partners, $300 to $450 for
counsel, $230 to $425 for associates, and $150 to $300 for
paralegals.

The Debtors have already the firm's budget and staffing plan for
the period from the petition date through April 30, 2018, according
to Mr. Pacitti.

The firm can be reached through:

     Domenic Pacitti, Esq.
     Klehr Harrison Harvey Branzburg LLP
     919 N. Market Street, Suite 1000
     Wilmington, DE 19801-3062
     Phone: 302.552.5511
     Fax: 302.426.9193
     Email: dpacitti@klehr.com

                  About Charming Charlie Holdings

Charming Charlie -- http://www.CharmingCharlie.com/-- is a
Houston-based specialty retailer focused on fashion jewelry,
handbags, apparel, gifts and beauty products.

Charming Charlie Holdings Inc. and its affiliates sought Chapter 11
protection (Bankr. D. Del. Lead Case No. 17-12906) on Dec. 11,
2017.  At the time of filing, the Company operated more than 375
stores in the United States and Canada.

Charming Charlie estimated assets of $50 million to $100 million
and debt of $100 million to $500 million.

Kirkland & Ellis LLP is serving as the Company's legal counsel,
AlixPartners LLP is serving as its restructuring advisor and
Guggenheim Securities, LLC is serving as its investment banker.
Klehr Harrison Harvey Branzburg LLP is the Company's local counsel.
Rust Consulting/OMNI Bankruptcy is the claims and noticing agent.

Joele Frank, Wilkinson Brimmer Katcher is the Company's
communications consultant.  A&G Realty Partners, LLC's the
Company's real estate advisors.  Hilco Merchant Resources LLC is
the Company's exclusive agent.


CHARMING CHARLIE: Taps Rust Consulting as Administrative Agent
--------------------------------------------------------------
Charming Charlie Holdings Inc. seeks approval from the U.S.
Bankruptcy Court for the District of Delaware to hire Rust
Consulting/Omni Bankruptcy as administrative agent.

The firm will provide bankruptcy administration services to the
company and its affiliates, which include recording all transfers
of claims; preparation and mailing of documents to creditors in
connection with the solicitation of a Chapter 11 plan; collecting
and tabulating votes; and managing any distributions made under the
plan.

The services to be provided by the firm will be billed at rates
ranging from $25 to $155 per hour.

Paul Deutch, executive managing director of Rust Consulting,
disclosed in a court filing that his firm is a "disinterested
person" as defined in section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Paul H. Deutch
     Rust Consulting/Omni Bankruptcy
     1120 Avenue of the Americas, 4th Floor
     New York, NY 10036
     Tel: 212-302-3580
     Fax: 212-302-3820

                  About Charming Charlie Holdings

Charming Charlie -- http://www.CharmingCharlie.com/-- is a
Houston-based specialty retailer focused on fashion jewelry,
handbags, apparel, gifts and beauty products.

Charming Charlie Holdings Inc. and its affiliates sought Chapter 11
protection (Bankr. D. Del. Lead Case No. 17-12906) on Dec. 11,
2017.  At the time of filing, the Company operated more than 375
stores in the United States and Canada.

Charming Charlie estimated assets of $50 million to $100 million
and debt of $100 million to $500 million.

Kirkland & Ellis LLP is serving as the Company's legal counsel,
AlixPartners LLP is serving as its restructuring advisor and
Guggenheim Securities, LLC is serving as its investment banker.
Klehr Harrison Harvey Branzburg LLP is the Company's local
counsel.

Rust Consulting/OMNI Bankruptcy is the claims and noticing agent.
Joele Frank, Wilkinson Brimmer Katcher is the Company's
communications consultant.  A&G Realty Partners, LLC's the
Company's real estate advisors. Hilco Merchant Resources LLC is the
Company's exclusive agent.


CHINA COMMERCIAL: Gets Share Exchange Pact Termination Notice
-------------------------------------------------------------
China Commercial Credit, Inc., has received a notice from Sorghum
Investment Holdings Ltd. notifying the Company that the Share
Exchange Agreement dated Aug. 9, 2017 by and among the Company,
Sorghum and shareholders of Sorghum is being terminated based on
Sorghum's allegation that the Company's filing of the Current
Report on Form 8-K on Dec. 27, 2017 constituted a breach of the
Agreement.

The Company reserves the right to seek all damages and remedies
available including but not limited to seeking the Termination Fee
under Section 9.4 of the Agreement, as well as all costs and
expenses (including attorney fees) resulting from any breach of the
Agreement.

In the Form 8-K Current Report, China Commercial disclosed the
delivery of a notice to Sorghum Investment Holdings Ltd. notifying
Sorghum that certain recent actions of Sorghum constitute a breach
of Sorghum's covenants under the Share Exchange Agreement.
Specifically, China Commercial believes that Sorghum is in breach
of Section 6.9 (a) and Section 6.11 (b) of the Agreement, which
require Sorghum to use commercially reasonable efforts and to
cooperate fully with the other parties to consummate the
transactions contemplated by the Agreement and to make its
directors, officers and employees available in connection with
responding in a timely manner to SEC comments.  According to the
terms of the Agreement, the Company is entitled to terminate the
Agreement if the breach is not cured within 20 days after the
Notice is provided to Sorghum.  

                 About China Commercial Credit

Founded in 2008, China Commercial Credit --
http://www.chinacommercialcredit.com/-- provides business loans
and loan guarantee services to small-to-medium enterprises, farmers
and individuals in China's Jiangsu Province.  Due to recent
legislation and banking reform in China, these SMEs, farmers and
individuals -- which historically had been excluded from borrowing
funds from State-owned and commercial banks -- are now able to
borrow money at competitive rates from microfinance lenders.  The
company is headquartered in Jiangsu Province, China.

China Commercial's independent accounting firm Marcum Bernstein &
Pinchuk LLP, in Shanghai, China, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2016, citing that the Company has accumulated
deficit that raises substantial doubt about its ability to continue
as a going concern.

China Commercial reported a net loss of US$1.98 million for the
year ended Dec. 31, 2016, compared with a net loss of US$61.26
million for the year ended Dec. 31, 2015.  The Company's balance
sheet as of Sept. 30, 2017, showed US$7.71 million in total assets,
US$8.48 million in total liabilities and a total shareholders'
deficit of US$774,251.


CJ MICHEL INDUSTRIAL: Can Continue Using Cash Through Jan. 31
-------------------------------------------------------------
The Hon. Gregory R. Schaaf of the U.S. Bankruptcy Court for the
Eastern District of Kentucky has entered an order extending CJ
Michel Industrial Services, LLC's authorization to use cash
collateral through Jan. 31, 2018, in order to pay those items
designated on Budget.

All terms, including any adequate protection granted in the Agreed
Order for Authority to Incur Secured Debt in the Form of
Continuation of the Debtor's Sale of Accounts Receivable to Gulf
Coast Bank & Trust Company will remain in effect.

A full-text copy of the Order is available at:

          http://bankrupt.com/misc/kyeb17-51611-128.pdf

               About CJ Michel Industrial Services

CJ Michel Industrial Services, LLC, has provided staffing and/or
contracting services for customers in the construction and
industrial sector for over 20 years.  Services are not limited to
the electrical trade but include OSHA certified, trade licensed and
fully insured low-E, data/communications service technicians,
pipefitters, welders, iron workers, riggers, millwrights, concrete
tradesmen, and general tradesmen.

CJ Michel Industrial Services began to experience cash flow issues
after it borrowed money from nontraditional lending sources which
were primarily merchant cash advance lenders.  It has been unable
to reach out-of-court workout agreements with these lenders and
seeks a "breathing spell" to reorganize its business under Chapter
11 of the Bankruptcy Code in order to restructure its debts,
reorganize as a going concern, and maximize value for the benefit
of the creditors of its Estate.

CJ Michel Industrial Services, based in Lancaster, Kentucky, filed
a Chapter 11 petition (Bankr. E.D. Ky. Case No. 17-51611) on Aug.
10, 2017.  In its petition, the Debtor estimated $0 to $50,000 in
assets and $1 million to $10 million in liabilities.  The petition
was signed by Clarence J. Michel, Jr., member.  

No trustee or examiner has been appointed in the Chapter 11 case,
and no creditors' committee or other official committee has been
appointed.

The Hon. Gregory R. Schaaf presides over the case.  

Jamie L. Harris, Esq., at DelCotto Law Group PLLC, serves as
bankruptcy counsel.


CLEVELAND BIOLABS: Sabby Ceases as 5% Shareholder
-------------------------------------------------
In a Schedule 13G/A filed with the Securities and Exchange
Commission, these reporting persons disclosed beneficial ownership
of shares of common stock of Cleveland BioLabs, Inc., as of Dec.
31, 2017: Sabby Healthcare Master Fund, Ltd. (93,365 shares or
.83%); Sabby Management, LLC (149,876 or 1.33%); and Hal Mintz
(149,876 or 1.33%).  A full-text copy of the regulatory filing is
available for free at https://is.gd/znlBXe

                       About Cleveland BioLabs

Cleveland BioLabs, Inc. -- http://www.cbiolabs.com/-- is a
biopharmaceutical company developing novel approaches to activate
the immune system and address serious medical needs.  The Company's
proprietary platform of Toll-like immune receptor activators has
applications in radiation mitigation, immuno-oncology, and
vaccines.  The Company's most advanced product candidate is
entolimod, which is being developed as a medical radiation
countermeasure for the prevention of death from acute radiation
syndrome, an immunotherapy for oncology and other indications.  The
Company conducts business in the United States and in the Russian
Federation through a wholly-owned subsidiary, BioLab 612, LLC, and
a joint venture with Joint Stock Company RUSNANO, Panacela Labs,
Inc.  The company maintains strategic relationships with the
Cleveland Clinic and Roswell Park Cancer Institute.

Cleveland Biolabs reported a net loss of $2.59 million for the year
ended Dec. 31, 2016, following a net loss of $13.04 million in
2015.  As of Sept. 30, 2017, Cleveland Biolabs had $10.87 million
in total assets, $2.27 million in total liabilities and $8.59
million in total stockholders' equity.


CONLAN PRESS: Case Summary & List Top Unsecured Creditors
---------------------------------------------------------
Affiliates that filed voluntary petitions for relief under Chapter
11 of the Bankruptcy Code:

     Avicenna Development Corporation
     1050 Larrabee Ave., #104-811
     Bellingham, WA 98225

             - and -

     Conlan Press, Incorporated
     1050 Larrabee Ave., #104-811
     Bellingham, WA 98225

Type of Business: Conlan Press -- http://conlanpress.com/-- is
                  a specialty publishing house dedicated to
                  producing and distributing creative work in all
                  media.  The company's name, "Conlan," comes from

                  a very old Scottish Gaelic word that means
                  "community."  Conlan Press was originally  
                  launched in 2005.  In 2010, the company produced

                  the successful San Francisco theatrical premiere

                  of Giant Bones, a play based on four stories
                  from Peter S. Beagle's book The Magician of
                  Karakosk.  In 2013 the company added special
                  events to the mix.  Its theatrical screening
                  tour of the classic 1982 animated version of
                  The Last Unicorn has played in 153 different
                  cities in the USA, Canada, Germany, and Austria.

                  The tour was temporarily suspended in June 2015
                  for medical reasons, but new shows are being
                  planned for 2017 and beyond.

                  In 2016 Conlan Press began adding new writers
                  and artists to the roster, including Peter Benno

                  Gillis, Parke Godwin, Connor Cochran, the
                  classic Thieves' World collections, Brittany
                  Cox, Jan Bender, Sarah Allegra, Newsha Ghasemi,
                  Eliza Frye, Ash Evans, and many more.  The
                  company is headquartered in Bellingham,
                  Washington.

Chapter 11 Petition Date: January 4, 2018

Affiliates that simultaneously sought Chapter 11 protection:

     Debtor                                        Case No.
     ------                                        --------
     Avicenna Development Corporation              18-40029
     Conlan Press, Incorporated                    18-40030

Court: United States Bankruptcy Court
       Northern District of California (Oakland)

Judge: Hon. Roger L. Efremsky (18-40029)
       Hon. William J. Lafferty (18-40030)

Debtors' Counsel: John H. Carmichael, Esq.
                  LAW OFFICE OF JOHN H. CARMICHAEL
                  2621 Manhattan Beach Blvd.
                  Redondo Beach, CA 90278
                  Tel: (424) 308-4288
                  Email: jhclaw@gmail.com

Avicenna Development's
Estimated Assets: $1 million to $10 million

Avicenna Development's
Estimated Liabilities: $1 million to $10 million

Conlan Press's
Estimated Assets: $1 million to $10 million

Conlan Press's
Estimated Liabilities: $1 million to $10 million

Connor F. Cochran, president and CEO, signed the petitions.

A full-text copy of Avicenna Development's petition, along with a
list of 16 largest unsecured creditors, is available for free at:

     http://bankrupt.com/misc/canb18-40029.pdf

A full-text copy of Conlan Press's petition, along with a list of
18 largest unsecured creditors, is available for free at:

     http://bankrupt.com/misc/canb18-40030.pdf


CORBETT-FRAME INC: Hunt for Take-Out Financing Delays Plan Filing
-----------------------------------------------------------------
Corbett-Frame, Inc., requests the U.S. Bankruptcy Court for the
Eastern District of Kentucky to extend the exclusivity periods
within which the Debtor may:

     (1) file its small business plan with disclosures, up to and
including May 7, 2018, and

     (2) solicit acceptances of its plan, up to and including June
21, 2018.

Currently, the Debtor has the exclusive right to file its small
business plan and disclosure statement by February 5, 2018.
Accordingly, the Debtor asks that the Court grant approximately 90
days' additional time to develop a confirmable plan of
reorganization, as the Debtor is currently talking to a potential
investor and needs time to see if that deal will occur, and Debtor
is also looking at take-out financing with a local bank.

The Debtor is an S corporation and historically used traditional
lending with local banks.  Initially, the Debtor began experiencing
financial difficulties in 2010 when Fifth Third Bank closed out
various commercial lines of credit which placed the Debtor in
special assets classification.  As a result, the Debtor could not
obtain traditional financing and had no alternative but to obtain
financing through private individuals and various Merchant Cash
Advance companies.

The Debtor relates that under these predatory cash advance
agreements, the Debtor would receive a loan or cash advance often
styled as a "sale" but in reality a disguised loan transaction.  In
turn, the Debtor would repay the advance plus an additional sum --
often referred to as the "purchase price" but in reality disguised
interest on the amount advanced -- from a percentage of future
receivables.  These loans are designed to be paid off very quickly
and the Debtor became in arrears on these agreements and was unable
to reach out-of-court workout agreements with these lenders.

The Debtor seeks to reorganize its business under Chapter 11 of the
Bankruptcy Code to restructure its debts, reorganize as a going
concern, and maximize value for the benefit of the creditors of its
Estate.

Based on the current status of its case, the Debtor believes that
good cause exists to support the request for an approximately
90-day extension of time to formulate and finalize its plan in this
proceeding, and thereafter to solicit acceptances of same.  The
Debtor notes that there is no committee in this case, no
debtor-in-possession financing, and creditors will not be harmed by
the extension of time sought by the Debtor. The Debtor at this time
believes no further extensions will be needed.

                      About Corbett-Frame

Corbett-Frame, Inc., dba Corbett-Frame Jewelers, owns a jewelry
store in Lexington, Kentucky, offering contemporary designer
collections & customized pieces.  Corbett-Frame filed a Chapter 11
petition (Bankr. E.D. Ky. Case No. 17-51607) on Aug. 9, 2017.  The
Company declared that it is a small business debtor as defined in
11 U.S.C. Section 101(51D).

Jennifer Lykins, its president, signed the Chapter 11 petition.  At
the time of filing, the Debtor estimated its assets and liabilities
at between $1 million and $10 million.  The case is assigned to
Judge Gregory R. Schaaf.  The Debtor is represented by Jamie L.
Harris, Esq., at the Delcotto Law Group PLLC.

No trustee or examiner has been appointed in this Chapter 11 case,
and no creditors' committee or other official committee has been
appointed.


CRAPP FARMS: Wants to Access Cash Collateral Through Jan. 31
------------------------------------------------------------
Crapp Farms Partnership asks the U.S. Bankruptcy Court for the
Western District of Wisconsin for authority to use cash collateral
and to extend the terms and provisions of the June 1, 2017 Agreed
Order to Jan. 31, 2018.

Crapp Farms requires continued use of cash collateral in order to
continue its livestock, trucking and excavating operations, and to
meet its ordinary expenses as set forth in the list of expenditures
figured through Jan. 31, 2018.

Crapp Farms' primary source of income is from its livestock,
trucking and excavating operations.  Crapp Farms anticipates to
generate approximately $550,764 in revenue through Jan. 31, 2018,
as set forth on the LTE Revenue Projections.

Crapp Farms has no other source of income upon which it can rely to
continue its operations.  As such, unless the Court authorizes
Crapp Farms' use of the cash collateral during this period of time,
Crapp Farms will be unable to pay for services and expenses
necessary to preserve and maximize the value of its operations and
assets.

BMO Harris Bank, N.A., holds valid liens on Crapp Farms' accounts,
contract rights, and livestock proceeds, among other collateral.

An Agreed Order between Crapp Farms and BMO Harris Bank, N.A. among
other parties, was entered on June 1, 2017.  Pursuant to the Agreed
Order, Crapp Farms was permitted to limited use of cash collateral
through Dec. 31, 2017.  Said Agreed Order adequately protects BMO
Harris as it provided, among other things, a continuing first and
paramount postpetition replacement lien on Crapp Farms' real and
personal property.  It also provided for adequate protection
payments.

Crapp Farms claims that it has made all adequate protection
payments under the Agreed Order, in full and in a timely manner,
and proposes to continue to make such adequate protection payments
in accordance with said Agreed Order.

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

              http://bankrupt.com/misc/wiwb17-11601-249.pdf

               About Crapp Farms Partnership

Crapp Farms Partnership is a large farming operation that includes
growing and selling crops, raising livestock, and providing farm
trucking and excavating services to third-party customers.  The
farming operation is located in Potosi, Wisconsin.

Crapp Farms sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. W.D. Wis. Case No. 17-11601) on May 3, 2017.  The
petition was signed by Darell C. Crap, partner.

At the time of the filing, the Debtor estimated its assets and debt
at $10 million to $50 million.

The case is assigned to Judge Catherine J. Furay.  

The Debtor tapped J. David Krekeler, Esq., Eliza M. Reyes, Esq.,
Jennifer M. Schank, Esq., Kristin J. Sederholm, Esq., at Krekeler
Strother, S.C., as Chapter 11 counsel.

On June 5, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  The committee is
represented by Matthew E. McClintock, Esq., at Goldstein &
McClintock, LLLP.


CROSSOVER FINANCIAL: Appointment of T.H. Connolly as Trustee Okayed
-------------------------------------------------------------------
The Hon. Thomas B. McNamara of the U.S. Bankruptcy Court for the
District of Colorado approved the appointment of Tom H. Connolly as
successor trustee for Crossover Financial I, LLC Liquidating Trust
under the confirmed plan of reorganization.

The Court entered its Order Confirming the Debtor's Fifth Amended
Chapter 11 Plan of Reorganization on March 21, 2014. Pursuant to
the Plan, the assets of the Debtor were transferred to the Trust,
and C. Randel Lewis was appointed as the Plan Trustee. The Plan
Trustee accepted the appointment by filing a signed Liquidating
Trust Agreement on April 8, 2014. The Bankruptcy Case was closed on
October 8, 2014.

The Court finds that the Plan Trustee has resigned, necessitating
the appointment of a Successor Trustee. The Plan Trustee has
recommended the appointment of Tom H. Connolly as Successor
Trustee, and has represented to the Court that no Noteholders have
opposed Mr. Connolly's appointment and those Noteholders who have
responded have overwhelmingly endorsed Mr. Connolly's appointment.


The Court held that upon Mr. Connolly's filing of a pleading with
the Court accepting the appointment, C. Randal Lewis will be
discharged as Plan Trustee and this bankruptcy case will again be
closed.

               About Crossover Financial I

Crossover Financial I, LLC, based in Elizabeth, Colorado, was
formed on Aug. 12, 2005.  Mitchell B. Yellen is the manager and
sole member.  The Company was formed for the purpose of raising
funds through a Private Placement Memorandum to be loaned to an
entity known as HPR, LLC, in connection with the acquisition and
development of 440 acres of real property located near Monument,
Colorado.

HPR consisted of three members: Colorado Commercial Builders, Inc.
(37.5%); DJT, LLC (20.0%); and Yellen Family Partnership, LLLP
(42.5%).  Mitchell Yellen held an interest in the Yellen Family
Partnership, LLLP.

The project stalled primarily as a result of a collapse in the
residential real estate development market in 2007 and potential
developers pulled out of the project.  There has been no further
development activity on the Real Property since 2007.

Faced with the prospect of a lengthy foreclosure proceeding, the
Debtor entered into to an agreement with HPR whereby the Real
Property was transferred to the Debtor by way of a deed-in-lieu of
foreclosure.  Upon acquiring the Real Property, the Debtor
attempted to bring in additional developers to continue the project
but those efforts were unsuccessful.

The Company filed for Chapter 11 bankruptcy (Bankr. D. Colo. Case
No. 11-24257) on June 15, 2011.  Judge Sidney B. Brooks presides
over the case.

Stephen C. Nicholls, Esq., at Nicholls & Associates, P.C., in
Denver, serves as bankruptcy counsel.  In its petition, the Debtor
estimated assets and debts of $10 million to $50 million.  The
petition was signed by Mitchell B. Yellen.  Karen McClaflin of Home
Source Realty, LLC, Colorado acts as real estate broker for the
Estate.

An official unsecured creditors committee has not been appointed.


CTI BIOPHARMA: Will Provide Corporate Update to Investors
---------------------------------------------------------
Commencing on or after Jan. 8, 2018, members of management at CTI
BioPharma Corp. will be providing a corporate update to analysts
and investors through a series of one-on-one meetings.

The Company will, among other things, discuss key milestones during
the past year.

* Corporate

    - New management team members; 3 new independent directors

    - Projected year-on-year cost reductions

    - Fundraising of $45 million in gross proceeds completed in
      July 2017

    - Major shareholders included BVF and OrbiMed

  * Pacritinib

    - Removal of FDA clinical hold

    - First patients enrolled in PAC203 myelofibrosis study

    - MAA under review for myelofibrosis patients

  * Pixuvri

    - Expansion of Servier PIXUVRI collaboration with cost
      reduction

    - Completion of full enrollment of PIX306 label expansion
      trial

As of Sept. 30, 2017, the Company had cash of $52.8 million, debt
of approximately $14.8 million, and shares outstanding of 43
million.

A copy of the January 2018 Corporation Presentation is available
for free at https://is.gd/IOe8Fw

                      About CTI BioPharma

CTI BioPharma Corp. (NASDAQ and MTA: CTIC) --
http://www.ctibiopharma.com/-- is a biopharmaceutical company
focused on the acquisition, development and commercialization of
novel targeted therapies covering a spectrum of blood-related
cancers that offer a unique benefit to patients and healthcare
providers.  The Company has a late-stage development pipeline,
including pacritinib for the treatment of patients with
myelofibrosis.  CTI BioPharma is headquartered in Seattle,
Washington.
                
CTI Biopharma reported a net loss attributable to common
shareholders of $52 million for the year ended Dec. 31, 2016, a net
loss attributable to common shareholders of $122.6 million for the
year ended Dec. 31, 2015, and a net loss attributable to common
shareholders of $95.99 million.  The Company had $65.53 million in
total assets, $37.12 million in total liabilities, and $28.41
million in total shareholders' equity as of Sept. 30, 2017.


CYTORI THERAPEUTICS: Azaya Cuts Stake to 1% as of Jan. 4
--------------------------------------------------------
Azaya Therapeutics, Inc. reported in a Schedule 13G/A filed with
the Securities and Exchange Commission that as of Jan. 4, 2018, it
has ceased to be the beneficial owner of more than five percent of
Cytori Therapeutics, Inc.'s common shares.  Specifically, Azaya
beneficially owned 293,310 common shares constituting 1.2 percent
of the Shares outstanding.  A full-text copy of the regulatory
filing is available for free at https://is.gd/YsCKsI

                        About Cytori

Based in San Diego, California, Cytori -- http://www.cytori.com/--
is a therapeutics company developing regenerative and oncologic
therapies from its proprietary cell therapy and nanoparticle
platforms for a variety of medical conditions.  Data from
preclinical studies and clinical trials suggest that Cytori Cell
Therapy acts principally by improving blood flow, modulating the
immune system, and facilitating wound repair.  As a result, Cytori
Cell Therapy may provide benefits across multiple disease states
and can be made available to the physician and patient at the
point-of-care through Cytori's proprietary technologies and
products.  Cytori Nanomedicine is developing encapsulated therapies
for regenerative medicine and oncologic indications using
technology that allows Cytori to use the benefits of its
encapsulation platform to develop novel therapeutic strategies and
reformulate other drugs to optimize their clinical properties.

BDO USA, LLP, in San Diego, California, Cytori's independent
accounting firm, issued a "going concern" qualification on the
consolidated financial statements for the year ended Dec. 31, 2016,
stating that the Company has suffered recurring losses and negative
cash flows from operations that raise substantial doubt about its
ability to continue as a going concern.

Cytori reported a net loss of $22.04 million for the year ended
Dec. 31, 2016, compared to a net loss of $18.74 million for the
year ended Dec. 31, 2015.  As of Sept. 30, 2017, Cytori had $26.44
million in total assets, $18.62 million in total liabilities and
$7.81 million in total stockholders' equity.


CYTORI THERAPEUTICS: Sabby Healthcare Has 2.93% Stake as of Dec. 31
-------------------------------------------------------------------
Sabby Healthcare Master Fund, Ltd., Sabby Management, LLC and Hal
Mintz reported in a Schedule 13G/A filed with the Securities and
Exchange Commission that as of Dec. 31, 2017, they beneficially own
1,028,634 shares of common stock of Cytori Therapeutics, Inc.,
constituting 2.93 percent of the shares outstanding.  A full-text
copy of the regulatory filing is available for free at:

                     https://is.gd/JIJs2W

                         About Cytori

Based in San Diego, California, Cytori -- http://www.cytori.com/--
is a therapeutics company developing regenerative and oncologic
therapies from its proprietary cell therapy and nanoparticle
platforms for a variety of medical conditions.  Data from
preclinical studies and clinical trials suggest that Cytori Cell
Therapy acts principally by improving blood flow, modulating the
immune system, and facilitating wound repair.  As a result, Cytori
Cell Therapy may provide benefits across multiple disease states
and can be made available to the physician and patient at the
point-of-care through Cytori's proprietary technologies and
products.  Cytori Nanomedicine is developing encapsulated therapies
for regenerative medicine and oncologic indications using
technology that allows Cytori to use the benefits of its
encapsulation platform to develop novel therapeutic strategies and
reformulate other drugs to optimize their clinical properties.

BDO USA, LLP, in San Diego, California, Cytori's independent
accounting firm, issued a "going concern" qualification on the
consolidated financial statements for the year ended Dec. 31, 2016,
stating that the Company has suffered recurring losses and negative
cash flows from operations that raise substantial doubt about its
ability to continue as a going concern.

Cytori reported a net loss of $22.04 million for the year ended
Dec. 31, 2016, compared to a net loss of $18.74 million for the
year ended Dec. 31, 2015.  As of Sept. 30, 2017, Cytori had $26.44
million in total assets, $18.62 million in total liabilities and
$7.81 million in total stockholders' equity.


DAC INCORPORATED: Seeks Permission to Use Cash Collateral
---------------------------------------------------------
DAC Incorporated seeks permission from the U.S. Bankruptcy Court
for the Eastern District of Missouri to use cash collateral from
January 13, 2018 through April 14, 2018.

DAC contends that the Second Interim Order allowed it to use cash
collateral through Jan. 12, 2018.  DAC intends to expend
approximately $573,000 from January 12, 2018, through April 14,
2018, pursuant to the budget.  DAC claims that its use and
expenditure of cash are necessary and beneficial to DAC's
Bankruptcy Estate so as to enable DAC to stay in business and
finish profitable jobs, as well as to pursue a restructuring to
repay creditors a meaningful amount.

DAC believes that the following entities may claim interest in its
cash collateral:

      (a) New Frontier Bank, which is owed $427,935 pursuant to
line of credit
      (b) New Frontier Bank, which is owed $72,843 pursuant to an
equipment loan
      (c) First State Community Bank, which is owed $580,000
      (d) Itria Ventures LLC, which is owed $534,000
      (e) Bank of Washington, which is owed $521,000

Per an Amended Order entered in TMR's Chapter 11 Bankruptcy Case,
New Frontier will have received $112,728 in payments of rents due
TMR LLC from October through the date of hearing of the DAC's
Motion.

DAC asserts that the interests of First State Community Bank are
adequately protected by virtue of the value of the equipment,
inventory and receivables of the DAC, exceeding the amount of the
loan balance due from DAC to First State Community Bank,
notwithstanding New Frontier's senior position with respect to DAC
inventory and receivables.

Pursuant to the Budget, DAC projects to generate a gross profit of
$361,187 and net income of approximately $13,800 for the period of
90 days from January 13, 2018 through April 14, 2018.  As such, the
DAC believes that all creditors' protectable interests in cash
collateral are adequately protected by virtue of the revenues
generated through the use of cash collateral and by the value of
assets in excess of amounts owed.

In addition, DAC proposes to grant such creditors claiming interest
in cash collateral, continuing postpetition liens in DAC's
post-petition accounts receivable and inventory to the extent of
diminution in the value of such creditor's interests resulting from
DAC's use of cash collateral. The replacement liens will have the
same validity and priority as each creditor's liens in pre-petition
accounts receivable and inventory of DAC.

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

             http://bankrupt.com/misc/moeb17-45907-77.pdf

                         About TMR LLC

TMR, LLC, owns a commercial building in Washington, Missouri, which
houses two manufacturing companies.  The building also was owned by
the Roewes before being transferred to TMR in 2014.  TMR listed its
business as a single asset real estate (as defined in 11 U.S.C.
Section 101(51B)).  It is a small business debtor as defined in 11
U.S.C. Section 101(51D).

DAC, Inc. -- http://www.diradco.com– was founded in 1966 to
provide an alternative form of advertising for small businesses.
Starting out with the production of vinyl telephone book covers
mailed directly into demographic or geographic areas, DAC has
expanded its products over the years to include production of city
maps, magnetic organizers, magnetic schedules, and magnetic wet/dry
erase boards.  The company also offers its online distributorship
Your Factory.Com, which provides clients the availability to
purchase a wide array of promotional products such as hats, desk
folders, pens, CD holders and many other specialty items.  DAC
gives advice, demographic breakdowns, media findings and cost
savings alternatives to high price media forums.

TMR filed for Chapter 11 bankruptcy protection (Bankr. E.D. Mo.
Lead Case No. 17-45907) on Aug. 29, 2017, estimating its assets and
liabilities at between $1 million and $10 million.  

DAC filed for Chapter 11 bankruptcy protection (Bankr. E.D. Mo.
Case No. 17-48021) on Nov. 22, 2017, estimating its assets and
liabilities at between $1 million and $10 million.  

The petitions were signed by Timothy M. Roewe, managing member.

The cases are jointly administered.

Judge Charles E. Rendlen III presides over the case.

A. Thomas DeWoskin, Esq., at Danna Mckitrick, PC, serves as the
Debtor's bankruptcy counsel.


ESBY CORP: Administrator Seeks Appointment of Ch. 11 Trustee
------------------------------------------------------------
The Bankruptcy Administrator asks the U.S. Bankruptcy Court for the
Middle District of North Carolina to direct the appointment of a
Chapter 11 Trustee, Examiner or Restructuring Officer to handle the
Esby Corporation's funds through substantial consummation of a Plan
or pending further Orders of the Court.

The Debtor owns and leases four rental houses in Salisbury, NC. The
properties have generally been rented during the Chapter 11, with
the exception of 3155 West Innes, which has been rented recently.
The properties are security for four different loans.

The Administrator during the case, the Debtor has collected the
rents and paid its operating expenses. While the Debtor has had
some difficulty collecting the rent from 12 Pine Street, but
apparently forecasts increased rent in the future. As each of the
mortgages has an assignment of rents and profits, this method of
operation is improper without creditor consent or court order.
However, the Administrator asserts that there is no evidence of
creditor consent, or court approval, this is an unauthorized use of
cash collateral, which is prohibited by 11 U.S.C. Section
363(c)(2).

The Administrator asserts that as long as the Debtor is retaining
all net rents, there may have been no substantial harm to any
creditor from the unauthorized use. However, in October 2017, the
Debtor paid out $13,245 in four different checks to "Paul Brazil"
(the Administrator cannot make out the payee). When the
Administrator made inquiry, the explanation for the checks was that
the payments were made in error, which is the explanation in the
monthly report filed with the Court.

The Administrator alleges that it is unlikely that these payments
were made by unknowing error. First, the Debtor's operations are
extremely simple -- usually requiring three checks or less each
month. In October, however, four checks were written in four
different amounts over four different days to the same payee.
Second, the same "error" occurred in the affiliated Summit
Investors case in July 2017, with unauthorized erroneous payments
to "Paul Brazil" (the same payee) and the problem was discussed
with the Debtor's counsel at that time. The payments in that case
were repaid.

The Administrator asserts that these payments, even if repaid, are
an unauthorized interest free loan from the creditors' cash
collateral, which must be characterized as gross mismanagement. The
payments momentarily reduced the Debtor's bank balance to under
$100. The unauthorized transfer of funds outside the ordinary
course of business is a violation of the Court's operating Order.

The Administrator, therefore, that the only way for the Court and
the creditors to have confidence in the Debtor's compliance with
the proposed Plan of Reorganization is to place a third party in
charge of the Debtor's financial affairs through at least
substantial consummation of the Plan of Reorganization.

The Administrator does not request the conversion or dismissal of
this case at this time because the Debtor appears to have
substantial equity in three of its four properties, and has
proposed a Plan of Reorganization.

The Administrator notes that as of December 27, 2017, the Debtor
had not filed its November 2017 monthly report, in violation of the
Court's Operating Order, which also constitutes cause for
appointment of a Trustee.

The U.S. Bankruptcy Administrator can be reached at:

             William P. Miller, Esq.
             U.S. Bankruptcy Administrator
             Robert E. Price, Jr., Esq.
             Assistant Bankruptcy Administrator
              State Bar No: 9422
             101 S. Edgeworth Street
             Greensboro, NC 27401
             Phone: (336) 358-4179

                 About Esby Corporation

Esby Corporation sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. M.D.N.C. Case No. 17-50228) on March 2,
2017.  At the time of the filing, the Debtor estimated assets and
liabilities of less than $1 million.

Brian P. Hayes, Esq., at the law firm Ferguson, Hayes, Hawkins &
DeMay, PLLC, serves as the Debtor's bankruptcy counsel.


ESTEEM HOSPICE: To Pay Unsecureds 100% in 20 Quarterly Installments
-------------------------------------------------------------------
Esteem Hospice, LLC, filed with the U.S. Bankruptcy Court for the
Eastern District of Texas a disclosure statement with respect to
its plan of reorganization dated Dec. 29, 2017.

The Debtor is the owner of an operating home hospice care business,
with local administrative offices, with an address of 2459 East
Hebron Parkway, Suite 130, Carrollton, Denton County, Texas 75010.
The Business is the Debtor's principal asset.

Under the terms of the Plan, the Claim of the Debtor's sole secured
creditor, the IRS, will be fully satisfied by the payment of the
obligation to the IRS. The IRS's secured claim will continue to be
secured by the collateral which secured its secured liens as of the
bankruptcy filing date. Unsecured creditors will be paid 100% of
their claims, without interest, in 20 equal [quarterly]
installments commencing on the first day of the first month
following the Effective Date, and continuing quarterly thereafter.
Equity Interest Holders will retain their membership interests in
the Reorganized Debtor, provided, however, that no distribution
will be made on account of such interests until all payments are
made as provided in the Plan.

Under the Plan, the Reorganized Debtor will continue in business in
a form and manner substantially similar to Debtor's pre-petition
business practice.

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

     http://bankrupt.com/misc/txeb17-40069-111.pdf

                      About Esteem Hospice

Esteem Hospice, LLC filed a Chapter 11 bankruptcy petition (Bankr.
E.D.Tex. Case No. 17-40069) on January 11, 2017. Hon. Brenda T.
Rhoades presides over the case. McGuire, Craddock & Strother, PC,
represents the Debtor as counsel.

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


EVERETT'S AUTOMOTIVE: Needs Until Jan. 9 to File Chapter 11 Plan
----------------------------------------------------------------
Everett's Automotive, LLC, filed its fourth motion asking the U.S.
Bankruptcy Court for the Northern District of Illinois for an order
extending the time to file its plan and disclosure statement to and
including Jan. 9, 2018.

At the hearing on December 7 on the Debtor's motion for extension
of time to file its Plan and Disclosure Statement, the Debtor's
counsel advised that a Plan had been drafted and was in the
possession of Debtor's principal, Andrea Brown for her review.

The most recent order entered extending the time for filing the
Plan and Disclosure Statement was based upon the fact that Brown's
Mother had a heart attack in Mississippi and she had to leave town
to be with her Mother and assess the situation.

Brown returned to Chicago on Dec. 19, 2017, but has not yet
completed her review of the Plan drafted by counsel and has not yet
prepared the necessary exhibits to be appended to the Disclosure
Statement.

Thus, the Debtor requests a short extension of time to file the
Plan and Disclosure Statement.

Judge LaShonda Hunt of the U.S. Bankruptcy Court for the Northern
District of Illinois previously extended the Debtor's time to file
its plan of reorganization and disclosure statement to and
including Dec. 29, 2017.

               About Everett's Automotive

Everett's Automotive, LLC, dba Midas Auto Service Experts, filed a
Chapter 11 petition (Bankr. N.D. Ill. Case No. 17-07795) on March
13, 2017.  Andrea Brown, Member, signed the petition.  The Debtor
is represented by Joel A. Schechter at the Law Offices of Joel A.
Schechter.  At the time of filing, the Debtor listed less than
$50,000 in estimated assets and $500,000 to $1 million in estimated
liabilities.


EVIO INC: Appoints Pfizer Executive as New President
----------------------------------------------------
EVIO, Inc., has appointed Al Lustig as president of the Company
reporting to William Waldrop, EVIO chief executive officer.  Mr.
Lustig's primary responsibility will be to drive EVIO's growth in
both new and existing markets by developing and executing national
and international sales and operational strategies.

Mr. Lustig joins EVIO after completing a successful 30-year career
at Pfizer Inc.  Al joined Pfizer in 1986 as a professional sales
representative and quickly ascended to positions of increased
responsibility, leading to state director.  During his tenure at
Pfizer, Al built, led and helped manage many district, regional and
national sales organizations that consistently exceeded all
performance expectations.  Mr. Lustig redefined traditional
business models that resulted in the successful introductions of
new and innovative pharmaceuticals, generating both billions in
sales and improving the lives of millions of patients.  While at
Pfizer, Al also led many cross functional teams and partnered with
senior leadership to help integrate Sales, Marketing, Medical,
Operations, Strategy & Analytics and Government Relations across
business operations.

William Waldrop, EVIO CEO states, "As we embark upon our next stage
of rapid growth, Al's history of recognized success in corporate
growth and sales leadership at Pfizer, one of the world's largest
bio-pharmaceutical companies, makes him the perfect fit to help
lead EVIO into 2018 and beyond. We look forward leveraging Al's
leadership and expertise from the pharmaceutical sector.  Current
EVIO President and Chief Operating Officer Lori Glauser has
resigned from her position as President to make room for Al in the
Senior Leadership team.  Ms. Glauser will remain with the company
as Chief Operating Officer leading both our advisory services
division and laboratory expansion."

The term of Mr. Lustig's employment is for a period of two years
commencing Jan. 1, 2018.  Mr. Lustig will be paid a base salary of
$24,000 per annum.  Mr. Lustig will be granted 450,000 shares
vesting quarterly over a two-year period.  In the event of the
termination of Mr. Lustig's employment by the Company other than
for Cause, or by Mr. Lustig for Good Reason (as those terms are
defined in the Lustig Employment Agreement), Mr. Lustig will be
entitled to aggregate severance payments equal to six-months of his
base salary.

            Employment Agreements with Other Executives

The Company entered into an employment agreement with Lori Glauser
for a period of three years commencing Jan. 1, 2018.  Ms. Glauser
will be paid a base salary of $150,000 per annum and receive a car
allowance of $500 per month.  Ms. Glauser will be granted 450,000
stock options at an exercise price of $0.80 per share vesting
quarterly over a two-year period.  In the event of the termination
of Ms. Glauser employment by the Company other than for Cause, or
by Ms. Glauser for Good Reason (as such terms are defined in the
Glauser Employment Agreement), Ms. Glauser will be entitled to
aggregate severance payments equal to 12-months of her base
salary.

Mr. Waldrop, the Company's chief executive officer entered into an
executive employment agreement with the company on Dec. 27, 2017,
pursuant to which Mr. Waldrop will continue to serve as the
Company's chief executive officer.  The term of Mr. Waldrop's
employment is for a period of three years commencing Jan. 1, 2018.
Mr. Waldrop will be paid a base salary of $150,000 per annum and
receive a car allowance of $750 per month.  Mr. Waldrop will be
granted 750,000 stock options at an exercise price of $0.80 per
share vesting quarterly over a two-year period.  In the event of
the termination of Mr. Waldrop employment by the Company other than
for Cause, or by Mr. Waldrop for Good Reason (as such terms are
defined in the Waldrop Employment Agreement), Mr. Waldrop will be
entitled to aggregate severance payments equal to 12-months of his
base salary.  The consulting agreement between Mr. Waldrop's
affiliate and the Company pursuant to which Mr. Waldrop had
provided consulting services to the Company has been terminated.

Anthony Smith, the Company's chief science officer entered into an
amended executive employment agreement with the company on Dec. 27,
2017, pursuant to which Mr. Smith will continue to serve as the
Company's chief science officer.  The term of Mr. Smith's
employment agreement is for a period of three years commencing Jan.
1, 2018.  Mr. Smith will be paid a base salary of $120,000 per
annum and receive a car allowance of $350 per month.  Mr. Smith
will be granted 250,000 stock options at an exercise price of $0.80
per share vesting quarterly over a two-year period.

In the event of the termination of Mr. Smith's employment by the
Company other than for Cause, or by Mr. Smith for Good Reason (as
such terms are defined in the Smith Amended Employment Agreement),
Mr. Smith will be entitled to aggregate severance payments equal to
12-months of his base salary.

                       About EVIO, Inc.  

Based in Bend, Oregon, EVIO, Inc. -- http://www.eviolabs.com/-- is
a life science company focused on advancing and analyzing cannabis
as a means for improving quality of life.  The Company provides
analytical testing services, advisory services and performs product
research in its accredited laboratory testing facilities.  The
Company's EVIO Labs division operating coast-to-coast provides
state-mandated ancillary services to ensure the safety and quality
of the nation's cannabis supply.

At a special meeting of stockholders held on Aug. 30, 2017, the
stockholders of Signal Bay approved, among other things, an
amendment to the Company's Restated and Amended Articles of
Incorporation to change the name of the Company to "EVIO, Inc." The
name change took effect at 12:01 am Sept. 6, 2017.

Signal Bay reported a net loss of $2.55 million for the year ended
Sept. 30, 2016, following a net loss of $1.45 million for the year
ended Sept. 30, 2015.  As of June 30, 2017, Signal Bay had $3.97
million in total assets, $3.13 million in total liabilities and
$838,396 in total equity.

MaloneBailey, LLP, in Houston, Texas, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Sept. 30, 2016, stating that the Company has negative working
capital, recurring losses from operations and likely needs
financing in order to meet its financial obligations.  These
conditions raise significant doubt about the Company's ability to
continue as a going concern.


FC GLOBAL: Appoints New President, CEO and CFO
----------------------------------------------
FC Global Realty Incorporated announced that the Board of Directors
has appointed Mr. Vineet P. Bedi, CFA as president & chief
executive officer and Mr. Matthew Stolzar, CFA as chief financial
officer & chief investment officer, both effective Jan. 2, 2018.

Suneet Singal, departing chief executive officer and Board member,
stated, "FCRE's goals were to introduce true value-add
opportunities to retail investors which historically had been
dominated by institutional investors and to bring in institutional
partners to support our investment thesis.  Vineet Bedi and Matthew
Stolzar of KRV Capital ran capital exclusively for one of the
largest alternative asset managers in the world.  After a deep dive
into their investment philosophy and what has worked and not worked
for institutional investors in the public markets, I am thrilled
that Vineet and Matthew will be leading the charge to fulfill our
vision at FC Global Realty as I step down as CEO."

Dr. Bob Froehlich, Chairman added "today marks an important
milestone in the history of FCRE.  With the critical pieces of
people and funding coming together, we are now at the end of the
beginning of our vision of creating a best in class global real
estate development company."

Mr. Bedi stated, "Matthew and I are extremely excited to join FC
Global Realty.  We have long shared Suneet and the Board of
Directors' vision that long term NAV growth in the public real
estate market has been elusive for years.  We believe that FCRE is
in the early stages of a very compelling transformation, with
world-class real estate opportunities, a lean and high quality team
of employees and a platform to focus on long-term value creation
for shareholders."

Mr. Bedi, age 35, has over 15 years of experience in real estate
investing, private equity, capital markets and public securities
investing.  Mr. Bedi served as the founder, managing partner and
chief investment officer of KRV Capital, LP, an alternative asset
management firm investing in real estate and hard assets across the
capital structure with a focus on liquid and illiquid deep value
investment opportunities.  Previously, Mr. Bedi served as a
managing director and portfolio manager at Guggenheim Partners
where he managed an opportunistic portfolio in the public and
private real estate markets.  Prior, Mr. Bedi was a Principal and
senior investment professional at High Rise Capital Management, LP,
a multi-billion dollar opportunity fund investing in the public and
private real estate markets.

Mr. Bedi began his career in the investment banking and proprietary
trading groups at Bank of America Merrill Lynch and has held senior
positions with Carlson Capital, LP, Schonfeld Group Holdings and
Booth Park Capital Management, LLC.  Mr. Bedi serves as an Adjunct
Associate Professor of Finance at the NYU-Stern School of Business.
Mr. Bedi is a graduate of the NYU-Stern School of Business and is
a CFA charterholder.

Mr. Stolzar, age 33, has 11 years of experience in finance,
including capital markets, real estate private equity and public
securities investing.  Mr. Stolzar was most recently Head of
Research and a Managing Director at KRV Capital, LP, where he
focused on deep value and opportunistic investments.  Prior to
that, he was Head of Research and a Senior Analyst at Pyrrho
Capital Management, a global cross-capital structure event driven
investment manager, where he focused on hard asset sectors
including real estate, financials, energy and mining.  Prior to
Pyrrho, Mr. Stolzar was an Investment Professional at Och-Ziff Real
Estate, where he analyzed and executed real estate private equity
and credit transactions across the residential, commercial and
hospitality sectors.  Mr. Stolzar began his career as an Investment
Banking Analyst at Credit Suisse in the Real Estate Group.  Mr.
Stolzar received his B.A. with Honors in Economics and a Minor in
Mathematics from Stanford University and is a CFA charterholder.

                  Securities Purchase Agreement

In addition, FCRE entered into a securities purchase agreement with
a strategic investor, under which the Investor may invest up to
$15,000,000 in the company in a series of closings, in exchange for
which the Investor will receive shares of the company's newly
designated Series B Preferred Stock at a purchase price of $1.00
per share.

On Dec. 22, 2017, FCRE and the Investor completed the first closing
under the Purchase Agreement, pursuant to which the Investor
provided $1,500,000 to the company in exchange for 1,500,000 shares
of Series B Preferred Stock.  The proceeds from the first closing
will be used for working capital and general corporate purposes.
The proceeds from the remaining tranches are expected to be used to
fund investment opportunities, some of which may include
investments pursuant to the contribution agreement originally dated
March 31, 2017 and later amended.  The terms of the transactions
are described in further detail in a Form 8-K dated Dec. 28, 2017.

                      About FC Global Realty

Formerly known as PhotoMedex, Inc., FC Global Realty Incorporated
(and its subsidiaries) re-incorporated in Nevada on Dec. 30, 2010,
originally formed in Delaware in 1980, is a real estate investment
company holding or in the process of acquiring investments in a
variety of current and future real estate projects, including
residential developments, hotels and resort communities and
commercial properties including gas station sites.

PhotoMedex reported a loss of $13.26 million in 2016 following a
loss of $34.55 million in 2015.  As of Sept. 30, 2017, FC Global
had $14.06 million in total assets, $9.03 million in total
liabilities and $5.03 million in total stockholders' equity.
  
Fahn Kanne & Co. Grant Thornton Israel, in Tel-Aviv, Israel, issued
a "going concern" opinion on the consolidated financial statements
for the year ended Dec. 31, 2016, citing that as of Dec. 31, 2016,
the Company had an accumulated deficit of $115.6 million and
shareholders' deficit of $1.408 million.  Also, during the most
recent periods the Company has incurred losses and negative cash
flows from continuing operations and was forced to sell certain
assets and business units to obtain additional liquidity resources
to support its operations.  In addition, on Jan. 23, 2017, the
Company completed the sale of its consumer products division which
represented the sale of substantially all of the remaining
operations and assets of the Company.  These conditions, along with
other matters, raise substantial doubt about the Company's ability
to continue as a going concern.


FLAGSHIP CREDIT 2017-4: DBRS Finalizes BB Rating on Cl. E Debt
--------------------------------------------------------------
DBRS, Inc. finalized its provisional ratings on the following
classes issued by Flagship Credit Auto Trust 2017-4 (the Issuer):

-- $163,570,000 Series 2017-4, Class A at AAA (sf)
-- $27,940,000 Series 2017-4, Class B at AA (sf)
-- $31,360,000 Series 2017-4, Class C at A (sf)
-- $25,210,000 Series 2017-4, Class D at BBB (sf)
-- $15,000,000 Series 2017-4, Class E at BB (sf)
  
The ratings are based on DBRS's review of the following analytical
considerations:

-- Transaction capital structure, proposed ratings and form and
sufficiency of available credit enhancement.

-- Credit enhancement in the form of overcollateralization (OC),
subordination, amounts held in the reserve fund and excess spread.
Credit enhancement levels are sufficient to support the
DBRS-projected cumulative net loss assumption under various stress
scenarios.

-- The ability of the transaction to withstand stressed cash flow
assumptions and repay investors according to the terms under which
they have invested. For this transaction, the ratings address the
timely payment of interest on a monthly basis and the payment of
principal by the legal final maturity date.

-- The strength of the combined organization after the merger of
Flagship Credit Acceptance LLC (Flagship) and CarFinance Capital
LLC. DBRS believes the merger of the two companies provides
synergies that make the combined company more financially stable
and competitive.

-- The capabilities of Flagship with regard to originations,
underwriting and servicing.

-- DBRS has performed an operational review of Flagship and
considers the entity to be an acceptable originator and servicer of
subprime automobile loan contracts with an acceptable backup
servicer.

-- The Flagship senior management team has considerable experience
and a successful track record within the auto finance industry.

-- DBRS used a proxy analysis in its development of an expected
loss.

-- A combination of company-provided performance data and
industry-comparable data was used to determine an expected loss.

-- The legal structure and presence of legal opinions that address
the true sale of the assets to the Issuer, the non-consolidation of
the special-purpose vehicle with Flagship and that the trust has a
valid first-priority security interest in the assets and is
consistent with DBRS's "Legal Criteria for U.S. Structured
Finance".

Flagship is an independent, full-service automotive financing and
servicing company that provides (1) financing to borrowers who do
not typically have access to prime credit-lending terms for the
purchase of late-model vehicles and (2) refinancing of existing
automotive financing.

The rating on the Class A notes reflects the 42.00% of initial hard
credit enhancement provided by the subordinated notes in the pool
(36.50%), the Reserve Account (2.00%) and OC (3.50%). The ratings
on the Class B, Class C, Class D and Class E notes reflect 31.75%,
20.25%, 11.00% and 5.50% of initial hard credit enhancement,
respectively. Additional credit support may be provided from excess
spread available in the structure.


FLOYD E. SQUIRES: Eureka City Seeks Appointment of Ch. 11 Trustee
-----------------------------------------------------------------
The City of Eureka, a California municipal corporation and
creditor, asks the U.S. Bankruptcy Court for the Northern District
of California to direct the appointment of a Chapter 11 Trustee in
the bankruptcy case of Debtors Floyd E. Squires III and Betty J.
Squires.

The City claims that the Debtors have committed acts constituting
fraud, dishonesty, incompetence and gross mismanagement of their
affairs and such appointment is in the best interests of all
creditors.

The City commenced receivership proceedings against the Debtors,
owners of several properties, in 2011 due to the Debtors'
longstanding history of maintaining their properties in a
substantially dangerous condition.

The Nuisance Properties then, and still now, have numerous
hazardous and unsanitary conditions, including dilapidated and
damaged structural elements, hazardous electrical and plumbing,
deteriorated walls, ceilings, and flooring, ineffective
waterproofing, accumulation of trash and debris, insect and rodent
infestation, and are havens for transients, drug-related
activities, shootings, and other criminal activity. These Nuisance
Properties pose a substantial danger to occupants and anyone who
may enter them, neighbors, and the greater community. Through the
receivership action in superior court, the City seeks to abate the
deplorable conditions on the Nuisance Properties.

The Debtors have also accrued significant legal debt to the City
through various judgments against them--they currently owe the City
$243,373.76 plus interest for four judgments entered against them
in a separate lawsuit they unsuccessfully brought against the City
relating to the City's interactions with them and their
properties.

The City has been forced to hire Special Counsel twice in an effort
to handle the receivership case due to the great harm the Nuisance
Properties have on public health and safety.

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

     http://bankrupt.com/misc/canb17-10828-56.pdf

The City of Eureka, Creditor and Real Party in Interest,
represented by City Attorney Cyndy Day-Wilson.

Floyd E. Squires, III, and Betty J. Squires filed for chapter 11
protection (Bankr. N.D. Cal. Case No. 16-10828) on Nov. 8, 2017,
and are represented by David N. Chandler, Esq. of the Law Offices
of David N. Chandler.


FUZION MEET: Case Summary & 11 Unsecured Creditors
--------------------------------------------------
Debtor: Fuzion Meet Eat Play, LLC
        7451 Warner Ave. Suite E-273
        Huntington Beach, CA 92647

Type of Business: Fuzion Meet Eat Play is a privately held company

                  whose principal assets are located at 7227
                  Edinger Ave, Huntington Beach, CA 92647.  It is
                  a small business debtor as defined in 11 U.S.C.
                  Section 101(51D).  Fuzion Meet has been out of
                  business and not operating since June of 2016.

Chapter 11 Petition Date: January 4, 2018

Case No.: 18-10019

Court: United States Bankruptcy Court
       Central District of California (Santa Ana)

Judge: Hon. Scott C Clarkson

Debtor's Counsel: Jeffrey B Smith, Esq.
                  CURD, GALINDO & SMITH, LLP
                  301 E Ocean Blvd Ste 1700
                  Long Beach, CA 90802
                  Tel: 562-624-1177
                  Fax: 562-624-1178
                  E-mail: jsmith@cgsattys.com

Total Assets: $364,500

Total Liabilities: $1.29 million

The petition was signed by Keell Lisack, managing member.

A full-text copy of the petition, along with a list of 11 unsecured
creditors, is available for free at
http://bankrupt.com/misc/cacb18-10019.pdf


GUARDIAN ENTERPRISES: Case Summary & 2 Unsecured Creditors
----------------------------------------------------------
Debtor: Guardian Enterprises of Alabama, LLC
        1059 North Cedar Bluff Road, Suite 107
        Knoxville, TN 37923

Business Description: Guardian Enterprises of Alabama, LLC is a
                      privately held company whose principal place
                      of business is located at 82 Plantation
                      Point, Suite 102 Fairhope, AL 36532.  The
                      company posted gross revenue of $233,443 in
                      2017, $180,404 in 2016 and $54,539 in 2015.

Chapter 11 Petition Date: January 5, 2018

Case No.: 18-50025

Court: United States Bankruptcy Court
       Eastern District of Tennessee (Greeneville)

Judge: Hon. Marcia Phillips Parsons

Debtor's Counsel: Ryan E. Jarrard, Esq.
                  QUIST, FITZPATRICK & JARRARD, PLLC
                  2121 First Tennessee Plaza
                  Knoxville, TN 37929
                  Tel: 865.524.1873
                  Email: rej@qcflaw.com

Debtor's
Accountant:       VAN ELKINS AND ELKINS & ASSOCIATES


Total Assets: $67,000

Total Liabilities: $2.85 million

The petition was signed by Scott M. Carmichael, member.

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

     http://bankrupt.com/misc/tneb18-50025_creditors.pdf

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

          http://bankrupt.com/misc/tneb18-50025.pdf


GULF MEDICAL: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Gulf Medical Services, Inc.
        3103 North 12 Ave.
        Pensacola, FL 32503

Business Description: Based in Pensacola, Florida, Gulf Medical
                      Services, Inc. has been serving respiratory
                      equipment, sleep therapy equipment, and
                      durable medical equipment to its customers
                      since 1987.  The company offers oxygen,
                      oxygen supplies, CPAP machines, CPAP masks,
                      wheelchairs, walkers, or bathroom safety
                      equipment.  Gulf Medical accepts
                      assignments and bills Medicare, Medicaid,
                      Blue Cross Blue Shield, TriCare, and many
                      other private insurance policies.  The
                      company's gross revenue amounted to $7.89
                      million in 2017, $10.06 million in 2016 and
                      $12.16 million in 2015.  

                      http://www.gulfmed.com/

Chapter 11 Petition Date: January 5, 2018

Case No.: 18-30012

Court: United States Bankruptcy Court
       Northern District of Florida (Pensacola)

Judge: Hon. Jerry C. Oldshue Jr.

Debtor's Counsel: Steven J. Ford, Esq.
                  WILSON, HARRELL, FARRINGTON, FORD, ET AL.
                  307 S. Palafox Street
                  Pensacola, FL 32502
                  Tel: 850-438-1111
                  Fax: 850-432-8500
                  Email: jsf@whsf-law.com

Total Assets: $1.73 million

Total Liabilities: $5.15 million

The petition was signed by Kenneth R. Steber, president.

A full-text copy of the petition containing, among other items,
a list of the Debtor's 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/flnb18-30012.pdf


HAHN HOTELS: Armours Buying Longview Properties for $428K
---------------------------------------------------------
Hahn Hotels of Sulphur Springs, LLC, and affiliates, ask the U.S.
Bankruptcy Court for the Eastern District of Texas to authorize the
sale of five residential properties owned by Hahn Investments, LLC,
to Michael C. and Frances L. Armour for a total of $427,900: (i)
1206 Block G, LL Wooley #2, Logview, Gregg County, Texas, also
known as 303 Drake Blvd., for $99,000; (ii) Lot 20, Block 3
(NCB3329), Longview, Gregg County, Texas, also known as 601
Waggoner St., for $90,000; (iii) Lots 21 & 28A, Block 2CB5D8W75
LT28, Melrose, Longview, Gregg County, Texas, also known as 1316
Eight St., for $78,500; (iv) Lot ANPTLTA, Block 524A, Ingram Park,
Longview, Gregg County, Texas, also known as 1403 Parkview St., for
$78,500; and (v) Lot 1&2NSLT1&S56LT, 524A Ingram Park, Longview,
Gregg County, Texas, also known as 1405 Parkview St., for $81,900.

A hearing on the Motion is set for Jan. 29, 2018 at 10:00 a.m.
(CST).  Objections, if any, must be filed within 21 days from the
date the Motion was served.

As contemplated under the Plan, the Debtors have determined that it
is in the best interests of their creditors and their respective
estates that certain real properties belonging to the Debtors be
sold.  To that end, they filed their Residential Listing Motion on
Nov. 3, 2017.  The Residential Listing Motion sought authority from
the Court to list six residential properties owned by Hahn
Investments, LLC for sale through broker, Lifestyles Realty Dallas,
Inc.

The Court entered its Order granting the Residential Listing Motion
on Nov. 16, 2017, thereby authorizing the Debtors to enter into a
residential real estate listing agreement with the Broker.  The
Debtors subsequently entered into the Listing Agreement approved by
the Order, and the Broker listed the Properties for sale.  The
Order granting the Residential Listing Motion further provided,
that the Debtors would ask the Court's approval of any resulting
contracts for sale of the Properties.

On Dec. 20, 2017, the Debtors accepted an offer from the Buyers to
purchase all five of the Properties located in Longview, Texas for
a total of $427,900, free and clear of all liens, claims and
encumbrances.  The Debtors now ask the Court's approval of the
contracts for the sale of the Properties pursuant to section 363,
and the retention of the Broker and payment of its commission under
section 327 and 328.

Pursuant to the Listing Agreement, the Broker is entitled to
receive a commission of 6% of the sales price of the Properties, or
approximately $25,674, upon the closing and funding of the sale of
the Properties.  The Debtors submit that this is a standard
arrangement for the marketing and sale of residential real property
in this district.

Employment of the Broker is necessary to permit the Debtors to
close on the proposed sale of the Properties to the Buyers and to
capture the value of the sale of the Properties for the benefit of
their estates.  The Broker has been successful in marketing the
Properties for sale and is duly qualified to facilitate and close
the sale of the Properties to the proposed Buyers.

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

           http://bankrupt.com/misc/Hahn_Hotels_320_Sales.pdf

The Debtors submit that the only entity asserting an interest in
the Properties, other than the estates, is Austin Bank.  The
Debtors represent that Austin Bank is aware of their intention to
sell the Properties, and they're confident that they will obtain
the necessary consent for the sale from Austin Bank on or before
the hearing on the Motion.  Additionally, the Debtors are confident
that the proceeds from the sale of the Properties will exceed the
value of Austin Bank's Interests in the Properties.

The Debtors ask that the order approving the sale of the Properties
be effective immediately by providing that the 14-day stay under
Bankruptcy Rule 6004(h) is waived.  Because the Motion will be
heard contemporaneously with a hearing on the confirmation of the
Debtors' Plan, a waiver of the 14-day stay is required in order to
permit the Debtors to immediately move forward on implementing the
steps required for the Plan to become effective, including the sale
of the Properties.

The Purchasers:

          Michael C. and Frances L. Armour
          6401 Mercedes Ave.
          Dallas, TX 75214-3112
          Telephone: (214) 929-7439

                         About Hahn Hotels

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

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

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

Judge Brenda T. Rhoades presides over the cases.

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

The Debtors Joint Chapter 11 Plan of Reorganization on Nov. 1,
2017, and their Disclosure Statement Under 11 U.S.C. Section 1125
in Support of the Debtors' Proposed Joint Chapter 11 Plan of
Reorganization on Nov. 8, 2017.  They subsequently filed amended
versions of the Plan and Disclosure Statement.

The Court entered its order approving the Disclosure Statement on
Dec. 20, 2017.  A confirmation hearing on the Plan has been set for
Jan. 26, 2018 at 10:00 a.m.


HAHN HOTELS: Needs Continued Cash Access Through March 3
--------------------------------------------------------
Hahn Hotels of Sulphur Springs, LLC, and its affiliates ask the
U.S. Bankruptcy Court for the Eastern District of Texas for entry
of the Amended Fourth Cash Collateral Order authorizing the Debtors
to use cash collateral postpetition in a manner consistent with the
Amended Budget.

The Amended Budget sets forth the particular expenses anticipated
to be necessary to be paid, in an aggregate sum of approximately
$647,090, from week ending Dec. 3, 2017 through week ending March 3
2018.

The Debtors have an immediate need to use cash collateral as
identified in the budget in order to operate their businesses.  The
Debtors need to use cash to operate their businesses in order to
avoid immediate and irreparable harm to the Debtors and their
estates.  Cash Collateral provides the general funding for the
Debtors' operations.

The Debtors claim that their businesses require access to the
rental and ancillary income that the Debtors generate from the
operation of the Copeland's restaurant and the Sleep Inn, Hawthorn
Suites, and La Quinta hotels inasmuch as the Debtors have
determined, in their business judgment that they will be unable to
operate generally, even for a limited period, without use of such
Cash Collateral.

In order to finance their respective property purchases and related
construction, the Debtors have entered into a series of promissory
notes over the years. The Debtors' prepetition lenders consist of:
Austin Bank; First National Bank of Hughes Springs; Texas Bank and
Trust Company; Texas National Bank; Pilgrim Bank; and the Small
Business Association.

The Prepetition Lenders' debt is secured by liens on substantially
all of the assets of Hahn Investments, LLC and its co-debtor
subsidiaries and affiliates, including rents from lodging
properties, as well as approximately $67,000 in accounts receivable
that existed as of the Petition Date.

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

If and to the extent the adequate protection of the interests of
the Prepetition Lenders proves insufficient, the Prepetition
Lenders will have, among other remedies, if any, determined by the
Court, an allowed claim under Section 507(b) of the Bankruptcy Code
in the amount of any insufficiency.

The Debtors believe that the asset value of each property securing
the repayment obligations on debt owed to the Prepetition Lenders
is greater than the amount of the debt.  The Debtors submit that,
under the circumstances, the equity cushion in the assets securing
the repayment obligations on the Prepetition Lenders' debt
adequately protects the Prepetition Lenders from any diminution of
their interests in the Cash Collateral resulting from use.

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

          http://bankrupt.com/misc/txeb17-40947-316.pdf

                       About Hahn Hotels

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

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

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

Judge Brenda T. Rhoades presides over the cases.

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


HARD ROCK EXPLORATION: Trustee Permitted to Use Cash Until Jan. 31
------------------------------------------------------------------
The Hon. Frank W. Volk of the U.S. Bankruptcy Court for the
Southern District of West Virginia has entered an agreed order
authorizing the Chapter 11 Trustee for the bankruptcy estate of
Hard Rock Exploration, Inc., and its affiliates to continued
interim use of cash collateral by the Chapter 11 Trustee through
Jan. 31, 2018.

The U.S. Trustee, the Debtors, Huntington National Bank, and the
Committee of Unsecured Creditors all agree and consent to the
appointment of a Chapter 11 Trustee. Upon the appointment of a
Chapter 11 Trustee, Huntington National Bank consents to the
continued interim use of cash collateral by the Chapter 11 Trustee
through January 31, 2018 in substantial conformity with the monthly
budget attached to the Fourth Interim Cash Collateral Order.

A full-text copy of the Order is available at:

                      
http://bankrupt.com/misc/wvsb17-20459-300.pdf

Huntington National Bank is represented by:

              Timothy P. Palmer, Esq.
              Christopher P. Schueller, Esq.
              Buchanan Ingersoll & Rooney LLP
              One Oxford Centre, 20th Floor
              301 Grant Street
              Pittsburgh, PA 15219
              Phone: (412) 562-8800
              Fax: (412) 562-1041
              E-mail: christopher.schueller@bipc.com
                      timothy.palmer@bipc.com

                  About Hard Rock Exploration

Founded in 2003, Hard Rock Exploration, Inc., and its affiliates
provide oil and gas exploration and production services in Virginia
and West Virginia.  Hard Rock focuses on drilling horizontal
wells.

Hard Rock Exploration, Inc., and its affiliates sought Chapter 11
protection (Bankr. S.D. W.Va. Lead Case No. 17-20459) on Sept. 5,
2017.  The affiliates are Caraline Energy Company (Bankr. S.D.
W.Va. 17-20461); Brothers Realty, LLC (Bankr. S.D. W.Va. 17-20462);
Blue Jacket Gathering, LLC (Bankr. S.D. W.Va. 17-20463) and Blue
Jacket Partnership (Bankr. S.D. W.Va. 17-20464).

The petitions were signed by James L. Stephens, the Debtors'
president.

At the time of filing, Hard Rock estimated $10 million to $50
million in assets and liabilities.  Caraline Energy estimated $10
million to $50 million in assets and liabilities.

The Hon. Frank W. Volk presides over the cases.

The Debtors are represented by Christopher S. Smith, Esq., at
Hoyer, Hoyer & Smith, PLLC and Taft A. McKinstry, Esq., at Fowler
Bell PLLC.

The Office of the U.S. Trustee appointed three creditors to serve
on the official committee of unsecured creditors in the Chapter 11
case of Hard Rock Exploration, Inc.  The committee members are: (1)
Richard L. Wilson; (2) John M. Dosker; and (3) Jim Schwab Pi Star
Communications.


HARRINGTON & KING: Cash Collateral Use Extended Through Jan. 26
---------------------------------------------------------------
Judge Deborah L. Thorne of the U.S. Bankruptcy Court for the
Northern District of Illinois has entered an agreed order extending
Harrington & King Perforating Co., Inc.'s and Harrington & King
South, Inc.'s authority to use cash collateral under the Agreed
Tenth Interim Cash Collateral Order through Jan. 26, 2018, pursuant
to the budget.

The January 2018 Budget provides total cash disbursements in the
aggregate amount of $691,161.

The Debtors' Motion is continued to Jan. 23, 2018 at 10:00 a.m.

Any advance made by Inland Bank and Trust on behalf of the Debtors
during the period covered by this order will be considered a
postpetition advance under the Debtors' existing lines of credit
with Inland Bank and Trust.

A full-text copy of the Agreed Order is available at:

             http://bankrupt.com/misc/ilnb16-15650-310.pdf

                   About The Harrington & King

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

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

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

The cases are assigned to Judge Deborah L. Thorne.  

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

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

                         *     *     *

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


HBCU PROPERTIES: Taps Chapman Hall as Realtor
---------------------------------------------
HBCU Properties LLC seeks approval from the U.S. Bankruptcy Court
for the Northern District of Georgia to hire a realtor.

The Debtor proposes to employ Chapman Hall Realty of Atlanta North
in connection with the sale of its real property located at 4877
Pine Shadows Drive, Stone Mountain, Dekalb County, Georgia.

The firm will get a 5% commission of the gross sales price.

Linda Khano, a realtor employed with Chapman Hall, disclosed in a
court filing that her firm does not hold or represent any interest
adverse to the Debtor's estate.

The firm can be reached through:

     Linda Khano
     Chapman Hall Realty, Atlanta North
     2117 Barrett Park Drive, Suite C
     Kennesaw, GA 30144
     Phone: +1 770-218-2624

                    About HBCU Properties LLC

HBCU Properties LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Ga. Case No. 17-54172) on March 6,
2017.  L. Dean Heard, its manager, signed the petition.

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

Judge Mary Grace Diehl presides over the case.

The Debtor tapped Gregory Bailey, Esq., at Atty. Greg T. Bailey &
Associates as legal counsel.


HUMAN CONDITION: Seeks April 4 Exclusive Plan Period Extension
--------------------------------------------------------------
Human Condition Safety, Inc. requests the U.S. Bankruptcy Court for
the Southern District of New York that the exclusive period for
filing a chapter 11 plan be extended by 90 days from January 4 to
April 4, 2018, and that the exclusive period for the solicitation
of acceptances be extended from March 5 to June 3.

At the time the Debtor filed its initial motion to extend the
Exclusive Periods on July 8, 2017, the Debtor announced its
intention to file a motion to sell substantially all its assets and
to thereafter file a proposed viable Chapter 11 liquidating plan.
The Debtor was diligently evaluating proposed terms for such a sale
and plan.  Consequently, the Court extended the exclusive period
for filing and soliciting acceptances of a plan to October 6 and
December 5, 2017, respectively.

On July 11, 2017, the Debtor filed its Motion to Sell, and
subsequently, obtained Court Orders approving the sale bidding
procedures and the sale itself.  On September 14, the Debtor closed
the sale of substantially all its assets to the successful bidder
and DIP Financing lender, AIG.  Since then Debtor has been
addressing post sale closing issues, including assumption and
assignment of additional contracts in connection with the sale, and
has been diligently evaluating proposed terms for its Chapter 11
liquidating plan.

The Debtor filed its first motion to further extend the Exclusive
Periods and the Court has given the Debtor until January 4 to file
its plan and until March 5 to solicit acceptances of that plan.

Since then Debtor has continued to address post sale closing
issues, including assumption and assignment of additional contracts
in connection with the sale, and has continued to diligently
evaluate proposed terms for its Chapter 11 liquidating plan which
the Debtor is now in a position to file shortly.

Therefore, the Debtor submits that the requested extension is
appropriate and warranted in this case, as it would afford the
Debtor the opportunity to complete, finalize and submit a proposed
Chapter 11 plan.

                About Human Condition Safety

Headquartered in New York, New York, Human Condition Safety Inc. --
http://www.hcsafety.com/-- develops wearable devices, artificial
intelligence, building information modeling, and cloud computing
solutions that assists workers and their managers prevent injuries
before they happen at their workplace.  Human Condition Safety was
incorporated in 2014.

Human Condition Safety filed for Chapter 11 bankruptcy protection
(Bankr. S.D.N.Y. Case No. 17-10585) on March 10, 2017, estimating
its assets at between $500,000 and $1 million and its liabilities
at between $1 million and $10 million.  The petition was signed by
Greg Wolyniec, president, director and chief executive officer.

Judge Sean H. Lane presides over the case.

John D. Giampolo, Esq., at Wollmuth Maher & Deutsch LLP, is serving
as the Debtor's bankruptcy counsel.


IAN-K LLC: Seeks Authorization to Use Cash Collateral
-----------------------------------------------------
Ian-K, LLC and J. Tina Keyhani DDS-Oral & Maxillofacial Surgery,
P.C. ("DDS-Oral") request the U.S. Bankruptcy Court for the
District of Arizona to authorize its use of cash collateral on an
interim and final basis in accordance with the proposed budgets.

The Debtors propose to use revenue from Ian-K and DDS-Oral to pay
operating expenses in accordance with their Budgets based upon
actual operations.

The proposed preliminary budget for Ian-K provides total expenses
of approximately $4,820 per month.  The proposed preliminary budget
for J. Tina Keyhani provides total operating expenses of
approximately $86,268 covering the months of January 2018 through
March 2018.

It is crucial for the Debtors to have the use of the cash
collateral to continue to provide critical services to patients and
to pay employees and pay other ordinary and necessary operating
expenses in order to: (a) avoid disruption of their work force, (b)
maintain customer relations and loyalty, (c) maintain their market
presence and (d) preserve the going concern value of the Debtors
and their estates while the Debtors formulate and implement a plan
of reorganization.

Wells Fargo Bank N.A., Amanda Modesta-Keyhani, Itria Ventures and
On Deck (collectively, the "Secured Creditors") may claim liens on
the assets and receivables of Ian-K and DDS-Oral.  Keyhani is also
an obligor on substantially all of the debts of Ian-K and DDS-Oral.
The Debtors believe that the Secured Creditors may claim the
revenue generated by the operation of their businesses as their
cash collateral.

The Debtors assume all claimed liens are valid and enforceable, but
expresses no position as to the priority of such liens. Secured
Creditors have the burden of proof to establish validity of their
purported interests in the cash collateral.

The Debtors offer post-petition replacement liens to the Secured
Creditors on their inventory, accounts, and contract rights: (a) to
the extent of cash collateral actually expended; (b) on the same
assets and in the same order of priority as currently exists
between the Debtors and the Secured Creditors; and (c) with the
Debtors' full reservation of rights with respect to the validity
and priority of their respective liens.

Further, as reflected in the Budgets, the Debtors will also make
adequate protection payments to each of the Secured Creditors going
forward until such time as the parties can work out a longer term
resolution of their claims.

A full-text copy of the Debtors' Motion is available at:

           http://bankrupt.com/misc/azb18-00003-8.pdf

                       About Ian-K, LLC

Ian-K, LLC, an Ohio limited liability company, and J. Tina Keyhani
DDS-Oral & Maxillofacial Surgery, P.C., an Arizona professional
corporation filed separate voluntary petitions under Chapter 11 of
the Bankruptcy Code (Bankr. D. Ariz. Case Nos. 18-00002 and
18-00003) on Jan. 2, 2018.

Ian-K was formed for the purpose of owning certain commercial real
properties located at 3150 N. 7th St., Suite 100, Phoenix, Maricopa
County, AZ 85014 and 3100 N. Robert Rd., Prescott Valley, Yavapu
County, AZ 86314. Ian-K has no employees.

DDS-Oral was formed on Oct. 15, 2001 for the purpose of providing
dental services, specializing in oral and maxillofacial surgery.
DDS-Oral has 2 full-time employees and 1 part-time employee (not
including Keyhani).

Ian-K is operated by J. Tina Keyhani.  Keyhani holds I00%
membership interest and is the manager of Ian-K.  DDS-Oral is owned
and operated by Keyhani.  Keyhani is the sole shareholder and
President of DDS-Oral.  Because Ian-K and DDS-Oral are owned,
operated and managed by Keyhani, the Debtors filed a motion to have
the cases jointly administered.

The Debtors are represented by:

             D. Lamar Hawkins, Esq.
             Heather A. Macre, Esq.
             Aiken Schenk Hawkins & Ricciardi P.C.
             23908. Camelback Rd., Suite 400
             Phoenix, Arizona 85016


IHEARTCOMMUNICATIONS INC: Extends Notes Private Offers Deadline
---------------------------------------------------------------
iHeartCommunications, Inc., is extending the private offers to
holders of certain series of iHeartCommunications' outstanding debt
securities to exchange the Existing Notes for new securities of
iHeartMedia, Inc., CC Outdoor Holdings, Inc. and
iHeartCommunications, and the related solicitation of consents from
holders of Existing Notes to certain amendments to the indentures
and security documents governing the Existing Notes.

The Exchange Offers and Consent Solicitations were previously
scheduled to expire on Jan. 5, 2018, at 5:00 p.m., New York City
time, and will now expire on Jan. 19, 2018, at 5:00 p.m., New York
City time.  The deadline to withdraw tendered Existing Notes in the
Exchange Offers and revoke consents in the Consent Solicitations
has also been extended to 5:00 p.m., New York City time, on Jan.
19, 2018. iHeartCommunications is extending the Exchange Offers and
Consent Solicitations to continue discussions with holders of
Existing Notes regarding the terms of the Exchange Offers and to
continue discussions with lenders under its Term Loan D and Term
Loan E facilities in connection with the concurrent private offers
made to such lenders.

As of 5:00 p.m., New York City time, on Jan. 3, 2018, an aggregate
amount of approximately $34.0 million of Existing Notes,
representing 0.4% of outstanding Existing Notes, had been tendered
into the Exchange Offers.

The terms of the Exchange Offers and Consent Solicitations have not
been amended and remain the same as set forth in the Amended and
Restated Offering Circular and Consent Solicitation Statement,
dated April 14, 2017, as supplemented by Supplement No. 1.

The Exchange Offers and Consent Solicitations, which are only
available to holders of Existing Notes, are being made pursuant to
the Offering Circular, and are exempt from registration under the
Securities Act of 1933.  The New Securities, including the new debt
of iHeartCommunications and related guarantees, will be offered
only in reliance on exemptions from registration under the
Securities Act.  The New Securities have not been registered under
the Securities Act, or the securities laws of any state or other
jurisdiction, and may not be offered or sold in the United States
without registration or an applicable exemption from the Securities
Act and applicable state securities or blue sky laws and foreign
securities laws.

Documents relating to the Exchange Offers and Consent Solicitations
will only be distributed to holders of the Existing Notes that
complete and return a letter of eligibility.  Holders of Existing
Notes that desire a copy of the letter of eligibility must contact
Global Bondholder Services Corporation, the exchange agent and
information agent for the Exchange Offers and Consent
Solicitations, by calling toll-free (866) 470-3700 or at (212)
430-3774 (banks and brokerage firms) or visit the following website
to complete and deliver the letter of eligibility in electronic
form: http://gbsc-usa.com/eligibility/ihc-bondoffers.

                    About iHeartMedia, Inc. and
                     iHeartCommunications, Inc.

iHeartMedia, Inc. (PINK:IHRT), the parent company of
iHeartCommunications, Inc., is a global media and entertainment
company.  Based in San Antonio, Texas, iHeartCommunications
specializes in radio, digital, outdoor, mobile, social, live
events, on-demand entertainment and information services for local
communities, and uses its unparalleled national reach to target
both nationally and locally on behalf of its advertising partners.
The Company's outdoor business reaches over 34 countries across
five continents.

iHeartCommunications reported a net loss attributable to the
Company of $296.31 million in 2016, a net loss attributable to the
Company of $754.6 million in 2015, and a net loss attributable to
the Company of $793.8 million in 2014.  As of Sept. 30, 2017,
iHeartCommunications had $12.25 billion in total assets, $23.93
billion in total liabilities and a total stockholders' deficit of
$11.67 billion.

                           *    *    *

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

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

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


IHEARTCOMMUNICATIONS INC: Extends Private Term Loan Offers
----------------------------------------------------------
iHeartCommunications, Inc., is extending the deadline for
participation in the private offers to lenders under its Term Loan
D and Term Loan E facilities to amend the Existing Term Loans.  The
Term Loan Offers have been extended to 5:00 p.m., New York City
time, on Jan. 19, 2018.  iHeartCommunications is extending the Term
Loan Offers to continue discussions with lenders regarding the
terms of the Term Loan Offers.

The terms of the Term Loan Offers have not been amended and remain
the same as set forth in the Confidential Information Memorandum,
dated March 15, 2017, as supplemented by Supplements No. 1 through
No. 5.

The Term Loan Offers, which are only available to holders of
Existing Term Loans, are being made pursuant to the Confidential
Information Memorandum, and are exempt from registration under the
Securities Act of 1933.  The new securities of iHeartMedia, Inc.,
CC Outdoor Holdings, Inc., Broader Media, LLC and/or
iHeartCommunications being offered in the Term Loan Offers are
offered only in reliance on exemptions from registration under the
Securities Act.  The New Securities have not been registered under
the Securities Act, or the securities laws of any state or other
jurisdiction, and may not be offered or sold in the United States
without registration or an applicable exemption from the Securities
Act and applicable state securities or blue sky laws and foreign
securities laws.

Documents relating to the Term Loan Offers will only be distributed
to holders of Existing Term Loans that complete and return a letter
of eligibility.  Holders of Existing Term Loans that desire a copy
of the letter of eligibility must contact Global Bondholder
Services Corporation, the tabulation agent and information agent
for the Offers, by calling toll-free (866) 470-3700 or at (212)
430-3774 (banks and brokerage firms) or visit the following website
to complete and deliver the letter of eligibility in electronic
form: http://gbsc-usa.com/eligibility/ihc-termloanoffers.

                    About iHeartMedia, Inc. and
                     iHeartCommunications, Inc.

iHeartMedia, Inc. (PINK:IHRT), the parent company of
iHeartCommunications, Inc., is a global media and entertainment
company.  Based in San Antonio, Texas, iHeartCommunications
specializes in radio, digital, outdoor, mobile, social, live
events, on-demand entertainment and information services for local
communities, and uses its unparalleled national reach to target
both nationally and locally on behalf of its advertising partners.
The Company's outdoor business reaches over 34 countries across
five continents.

iHeartCommunications reported a net loss attributable to the
Company of $296.3 million in 2016, a net loss attributable to the
Company of $754.6 million in 2015, and a net loss attributable to
the Company of $793.8 million in 2014.  As of Sept. 30, 2017,
iHeartCommunications had $12.25 billion in total assets, $23.93
billion in total liabilities and a total stockholders' deficit of
$11.67 billion.

                           *    *    *

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

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

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


INVESTORS HERITAGE: A.M. Best Puts 'bb-' ICR on Review Developing
-----------------------------------------------------------------
A.M. Best has placed under review with developing implications the
Financial Strength Rating of B+ (Good) and the Long-Term Issuer
Credit Rating (Long-Term ICR) of "bbb-" of Investors Heritage Life
Insurance Company (Investors Heritage Life).  Concurrently, A.M.
Best has placed under review with developing implications the
Long-Term ICR of "bb-" of the company's ultimate parent, Investors
Heritage Capital Corporation (IHCC) [OTC: IHRC].  Both companies
are domiciled in Frankfort, KY.

This Credit Rating (rating) action follows the recent announcement
that Aquarian Investors Heritage Holdings (Aquarian) intends to
acquire 100% of IHCC and its subsidiaries.  The transaction is
expected to close in the first quarter of 2018, and is subject to
regulatory approvals and other customary closing conditions.
Investors Heritage Life will continue to offer primarily final
expense and pre-need life insurance products, as well as
third-party administrative services.  Aquarian plans to infuse
capital into Investors Heritage Life, thereby enabling the company
to expand its products and services to new states.

The potential rating impact is uncertain given that the ratings are
placed under review with developing implications.  A.M. Best
anticipates that the ratings of Investors Heritage Life and IHCC
will remain under review pending the completion of the transaction
and the conclusion of its discussions with management.
Additionally, A.M. Best will review Aquarian's business strategy
and financial condition.


ISLAND VIEW CROSSING: Approval of C. Shubert as Trustee Sought
--------------------------------------------------------------
The U.S. Trustee filed an application asking the U.S. Bankruptcy
Court for the Eastern District of Pennsylvania to approve the
appointment of Christine Shubert as Trustee in the case of Island
View Crossing II, L.P.

The U.S. Trustee assures the Court that Ms. Shubert's connections
with the Debtors, creditors, any other parties in interest, their
respective attorneys and accountants, the US Trustee, and persons
employed in the Office of the US Trustee, are limited to the
connections set forth in the Verified Statement filed in support of
this application.

      About One State Street Associates and Affiliates

Island View, Calnshire Estates, and Steeple Run, are affiliates of
One State Street Associates which filed a voluntary petition on
June 21, 2017 (Bankr. E.D. Pa. Case No. 17-14291). The Debtors are
managed by Renato J. Gualtieri, a real estate developer based in
Langhorne, PA.

Island View Crossing II, L.P., Calnshire Estates, LLC, and Steeple
Run, LP filed their respective Chapter 11 petitions (Bankr. E.D.
Pa. Case Nos. 17-14454, 17-14457 and 17-14458, respectively), on
June 30, 2017.

The Debtors' individual cases have not been ordered to be jointly
administered or consolidated and thus, each Debtor has its own
separate bankruptcy estate. The Hon. Eric L. Frank presides over
these cases.

The petitions were signed by Renato J. Gualtieri, president of
corporate general partner.

The Debtors are represented by David B. Smith, Esq. at Smith Kane
Holman, LLC.

At the time of the filing, the Debtors estimated their assets and
debts at $1 million to $10 million, except for Calnshire Estates,
which estimated its assets to be between $10 million to $50
million.


JOHN Q. HAMMONS: Bid for Examiner Remains Under Advisement
----------------------------------------------------------
Judge Robert D. Berger of the U.S. Bankruptcy Court for the
District of Kansas issued an order notifying the Parties that the
Motion of Creditors JD Holdings, L.L.C. and Rogers Funding, LLC,
seeking to appoint Examiner in the Chapter 11 cases of John Q.
Hammons Fall 2006, LLC, and its affiliates remains under
advisement.

                  About John Q. Hammons Fall 2006

Springfield, Missouri-based John Q. Hammons Hotels & Resorts (JQH)
-- http://www.jqhhotels.com/-- is a private, independent owner and
manager of hotels in the United States, representing brands such
as: Marriott, Hilton, Embassy Suites by Hilton, Sheraton, IHG,
Chateau on the Lake Resort / Spa & Convention Center, and Plaza
Hotels Collection.  It has portfolio of 35 hotels representing
approximately 8,500 guest rooms/suites in 16 states.

John Q. Hammons Fall 2006, LLC, and its affiliated Debtors filed
chapter 11 petitions (Bankr. D. Kan. Case Nos. 16-21139 to
16-21208) on June 26, 2016.  The petitions were signed by Greggory
D. Groves, vice president.

The Debtors are represented by Mark A. Shaiken, Esq., Mark S.
Carder, Esq., and Nicholas Zluticky, Esq., at Stinson Leonard
Street LLP.  The Debtors' conflict counsel is Victor F. Weber,
Esq., at Merrick Baker and Strauss PC.

At the time of filing, the Debtors estimated assets at $100 million
to $500 million and liabilities at $100 million to $500 million.


JTJM INC: Case Summary & 12 Unsecured Creditors
-----------------------------------------------
Debtor: JTJM, Inc. a California Corporation
        33040 Antelope Road, #101
        Murrieta, CA 92563

Business Description: JTJM, Inc. is a privately held corporation
                      based in Murrieta, California.

Chapter 11 Petition Date: January 5, 2018

Case No.: 18-10073

Court: United States Bankruptcy Court
       Central District of California (Riverside)

Judge: Hon. Meredith A. Jury

Debtor's Counsel: Robert P Goe, Esq.
                  GOE & FORSYTHE, LLP
                  18101 Von Karman, Ste 1200
                  Irvine, CA 92612
                  Tel: 949-798-2460
                  Fax: 949-955-9437
                  E-mail: kmurphy@goeforlaw.com
                          rgoe@goeforlaw.com

Estimated Assets: $1 million to $10 million

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

The petition was signed by Jeffrey Warfield, president.

A full-text copy of the petition, along with a list of 12 largest
unsecured creditors, is available for free at
http://bankrupt.com/misc/cacb18-10073.pdf


JUSTICE FARMS: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Justice Farms, LLC
           dba John Justice
        1235 Justice Road
        Ashland City, TN 37015

Type of Business: Justice Farms, LLC, is a privately held company
                  in Ashland City, Tennessee engaged in the
                  business of crop planting.  The company is the
                  fee simple owner of house, outbuildings and
                  farmland on 79 acres property located at 1724
                  Neptune Road, Ashland City, TN, 37015 valued by
                  the company at $250,000.  Justice Farms' gross
                  revenue amounted to $1.4 million in 2016 and
                  $825,615 in 2017.

Chapter 11 Petition Date: January 4, 2018

Case No.: 18-00064

Court: United States Bankruptcy Court
       Middle District of Tennessee (Nashville)

Judge: Hon. Marian F Harrison

Debtor's Counsel: Steven L. Lefkovitz, Esq.
                  LEFKOVITZ & LEFKOVITZ
                  618 Church St Ste 410
                  Nashville, TN 37219
                  Tel: 615 256-8300
                  Fax: 615 255-4516
                  E-mail: slefkovitz@lefkovitz.com

Total Assets: $950,610

Total Liabilities: $1.26 million

The petition was signed by John Justice, managing 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/tnmb18-00064.pdf


JXB 84 LLC: In Talks with Bank, Seeks April 27 Plan Extension
-------------------------------------------------------------
JXB 84 LLC requests the U.S. Bankruptcy Court for the Southern
District of Florida for a 90-day extension -- through April 27,
2018 -- of the exclusivity periods within which to negotiate with
creditors and file a bankruptcy-exit plan and disclosure statement,
and to solicit acceptances for the plan.

JXB 84 tells the Court that Deutsche Bank and the Debtor have been
preliminarily exploring the possibilities of a consensual plan, but
additional time is needed, and perhaps mediation. If not extended,
the exclusivity period expires on January 25, 2018.

                             About JXB 84 LLC

JXB 84 LLC is in the real estate business.  JXB 84 LLC's principal
assets are located at 228 Senator St. Brooklyn, NY 11220.

JXB 84 LLC (DE) filed a Chapter 11 petition (Bankr. S.D. Fla. Case
No. 17-21785), on September 27, 2017.  The petition was signed by
Jared Dotoli, its manager.  The case is assigned to Judge Jay A.
Cristol.  The Debtor is represented by Joel M. Aresty, Esq., at
Joel M. Aresty P.A.  At the time of filing, the Debtor had $1
million to $10 million in estimated assets and $500,000 to $1
million in estimated liabilities.


KERRY NOBLE: DOJ Watchdog Appoints J. Searcy as Trustee
-------------------------------------------------------
William T. Neary, U.S. Trustee for Region 6, files with the U.S.
Bankruptcy Court for the Eastern District of Texas a Notice of the
Appointment of Jason Searcy as the Chapter 11 Trustee for the
bankruptcy estate of Kerry Bryon Noble.

Mr. Searcy's contact information is:

                Jason Searcy
                P. O. Box 3929
                Longview, TX 75606
                Phone: (903) 757-3399
                Email: jsearcy@jsearcylaw.com

The initial bond for the trustee will be set at $10,000.

The U.S. Trustee is represented by:

                Timothy W. O'Neal, Esq.
                Office of the United States Trustee
                300 Plaza Tower, 110 N. College
                Tyler, Texas 75702
                Phone: (903) 590-1450 Ext. 215
                Fax: (903) 590-1461

Winsboro, Texas-based Kerry Bryon Noble sought Chapter 11
protection (Bankr. E.D. Tex. Case No. 17-60755) on Oct. 13, 2017.
Joyce W. Lindauer, Esq., Sarah M. Cox, Esq., Jamie N. Kirk, Esq.,
Jeffery M. Veteto, Esq., at Joyce W. Lindauer Attorney, PLLC, in
Dallas, Texas.


LA ESTRELLA FAST FOOD: Seeks Extension of Plan Confirmation Period
------------------------------------------------------------------
La Estrella Fast Food, Inc., requests the U.S. Bankruptcy Court for
the District of Puerto Rico to extend the time to obtain
confirmation of its amended plan of reorganization for additional
90 days from January 3, 2018.

The Debtor filed its Amended Plan of Reorganization on August 31,
2015, and the Court entered an order scheduling the confirmation
hearing for October 7 that year.  However, on October 2, 2015,
creditor Caribbean Restaurants, LLC, filed an Objection to
confirmation of the Debtor's Amended Plan.

The Debtor's exclusivity period ended on August 28, 2017, but the
Debtor had not been able to confirm a plan because of the contested
issues pending between the Debtor and its biggest creditor --
Caribbean Restaurant.

The Debtor relates that it has sought relief under chapter 11
because of the possible cancellation of lease contract and imminent
eviction by Caribbean Restaurant, due to its assertion that the
Debtor was in arrears with its lease contract.  The truth of the
matter is that he contested the validity of an electrical
substation in the amount of $60,000 not contemplated in the
original remodeling contract in the amount of $308,000,000.

On January 14, 2016, creditor Caribbean Restaurants also filed a
motion to lift the automatic stay if the pre-petition arrears were
not cured, asserting that the Debtor is in arrears with the lease
agreement.

Finally, the Debtor and Caribbean Restaurant have come to an
agreement as to the rent owed and a repayment plan of the
electrical substation. Consequently, the Debtor filed a motion to
assume the lease contract. The Debtor, however, provided evidence
of being current because of an excess payment it has made over the
last two years of CAM charges.

Now that the issues between Caribbean Restaurant and Debtor have
been resolved, the Debtor submits that it is now ready for
confirmation of the Amended Plan of Reorganization. Therefore, the
Debtor requests that the Court extends the Debtor's time to confirm
the Amended Plan.

                    About La Estrella Fast Food

La Estrella Fast Food, Inc., filed for Chapter 11 bankruptcy
protection (Bankr. D.P.R. Case No. 15-02687) on April 10, 2015. The
Debtor is represented by Mar Soledad Lozada Figueroa at Lozada Law
& Associates of San Juan, P.R.


LIBERTY TIRE: S&P Lowers CCR to 'SD' on Completed Debt Exchange
---------------------------------------------------------------
S&P Global Ratings lowered its corporate credit rating on Liberty
Tire Recycling Holdco LLC to 'SD' from 'CC'. S&P also removed the
rating from CreditWatch, where S&P placed it with negative
implications on Dec. 4, 2017.

S&P said, "At the same time, we withdrew our 'B-' issue-level and
'3' recovery ratings on the company's $170 million term loan as it
has been fully repaid with a new $180 million term loan. We do not
rate the new $180 million term loan."

The downgrade follows the close of Liberty's exchange offer. On
Dec. 29, 2017, Liberty exchanged $175 million of its outstanding
PIK notes due in 2021 for $60 million of new PIK notes due in 2023
and equity. S&P views this as a distressed exchange as existing PIK
noteholders received less value than the promise of the original
security.

The company has also fully repaid its $170 million term loan due in
2020 with proceeds from a new $180 million term loan (unrated). In
addition, the company amended its $35 million asset-based lending
(ABL) revolving credit facility, extending maturity to 2022.

S&P expects to review the corporate credit rating within the next
several days when it assesses the company's liquidity position and
operating performance expectations. The transaction saves the
company about $14 million in annual PIK interest and $2 million in
cash interest.

Still, the interest rate on the new PIK notes may limit the
company's ability to meaningfully reduce leverage over the next 12
months. The company's revenue growth was very limited in the first
nine months of fiscal year 2017, and EBITDA margins declined
slightly during the same period compared to the prior year. Due to
these factors, S&P believes the corporate credit rating will likely
be no higher than 'B-'.


LISA LORD: Court Approved Appointment of S.J. Zayler as Trustee
---------------------------------------------------------------
The Hon. Bill Parker the U.S. Bankruptcy Court for the Eastern
District of Texas has approved the appointment of Mr. Stephen J.
Zayler as the chapter 11 trustee of the bankruptcy estate of Lisa
Lord Inc.

                     About Lisa Lord Inc.

Lisa Lord, Inc. filed a Chapter 11 bankruptcy petition (Bankr. E.D.
Tex. Case No. 17-10339) on June 9, 2017, disclosing under $500,000
in both assets and liabilities.  The Debtor is represented by
Robert E. Barron, Esq., at Barron and Barron LLP. The petition was
signed by Lisa Pederson, president.

The Debtor employs The Taylor Valuation Group, Inc. as appraiser.


MARINA BIOTECH: May Issue 500,000 Shares Under 2014 LTIP
--------------------------------------------------------
Marina Biotech, Inc., has filed a Form S-8 registration statement
with the Securities and Exchange Commission.  The reoffer
prospectus is a combined prospectus relating to shares of its
common stock, par value $0.006 per share, that have been registered
with the Securities and Exchange Commission under the Securities
Act of 1933, as amended, and that have been or may be acquired by
certain of its officers and directors pursuant to awards made to
them under its 2014 Long-Term Incentive Plan.  An aggregate of
500,000 shares of Common Stock relating to the 2014 Plan are being
registered with the SEC on the registration statement on Form S-8
of which this reoffer prospectus is filed as a part.

The Selling Stockholders are offering and selling up to 786,857
shares of Common Stock.  The Company will not receive any proceeds
from the sale of the Shares.  However, Marina Biotech will receive
the proceeds, if any, from the exercise of the options granted
under the 2014 Plan.

The Selling Stockholders may offer their Shares through public or
private transactions, in the over-the-counter markets or on any
exchanges on which its Common Stock is traded at the time of sale,
at prevailing market prices or at privately negotiated prices.  The
Selling Stockholders may engage brokers or dealers who may receive
commissions or discounts from the Selling Stockholders.  The
Company will pay substantially all of the expenses incident to the
registration of those shares, except for the selling commissions.

Marina Biotech's Common Stock trades on the OTCQB Tier of the OTC
Markets under the symbol "MRNA."  On Jan. 2, 2018, the last sale
price of the Common Stock as reported on the OTCQB Tier of the OTC
Markets was $1.78 per share.

A full-text copy of the Registration Statement is available for
free at https://is.gd/CZDRcn

                    About Marina Biotech

Headquartered in Bothell, Washington, Marina Biotech, Inc. --
http://www.marinabio.com/-- is a biopharmaceutical company engaged
in the discovery, acquisition, development and commercialization of
proprietary drug therapeutics for addressing significant unmet
medical needs in the U.S., Europe and additional international
markets.  The Company's primary therapeutic focus is the disease
intersection of hypertension, arthritis, pain, and oncology
allowing for innovative combination therapies of the plethora of
already approved drugs and the proprietary novel oligotherapeutics
of Marina Biotech, Inc.  The Company's approach is meant to reduce
the risk associated with developing a new drug de novo and also
accelerate time to market by shortening the clinical development
program through leveraging what is already known or can be learned
in its proprietary Patient Level Database (PLD).

Squar Milner LLP, in Los Angeles, California, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2016, citing that the Company has suffered
recurring losses and negative cash flows from operations and has
had recurring negative working capital.  This raises substantial
doubt about the Company's ability to continue as a going concern.

Marina Biotech reported a net loss of $837,143 in 2016 following a
net loss of $1.11 million in 2015.  As of Sept. 30, 2017, Marina
Biotech had $6.24 million in total assets, $4.61 million in total
liabilities, all current, and $1.63 million in total stockholders'
equity.


MARRONE BIO: Receives Noncompliance Notice from Nasdaq
------------------------------------------------------
As anticipated, on Jan. 2, 2018, Marrone Bio Innovations, Inc.,
received written notice from the Listing Qualifications Department
of The Nasdaq Stock Market LLC indicating that the Company was not
in compliance with the rules for continued listing set forth in
Nasdaq Marketplace Rule 5620(a) because the Company has not yet
held an annual meeting of shareholders within 12 months of the end
of the Company's 2016 fiscal year end.  The notification has no
immediate effect on the listing of the Company's common stock on
the Nasdaq Global Market.

Under Nasdaq rules, the Company will have 45 calendar days from the
date of the notification to submit a plan to regain compliance, and
if Nasdaq accepts the plan, Nasdaq can grant an exception of up to
180 calendar days from fiscal year end, or until June 29, 2018 to
regain compliance.  On Jan. 3, 2018, the Company filed a definitive
proxy statement on Schedule 14A with the Securities and Exchange
Commission for an Annual Meeting of Stockholders to be held on Jan.
31, 2018 to vote on certain proposals, and the Company expects to
timely submit a plan of compliance to Nasdaq referencing the
anticipated Meeting.  While there can be no assurance that the
Company will be successful in regaining compliance with the
continued listing requirements and maintaining its listing of the
Company's common stock on the Nasdaq Global Market, the Company
expects that upon completion of the Meeting, it will be in
compliance with Nasdaq Marketplace Rule 5620(a).

                       About Marrone Bio

Based in  Davis, California, Marrone Bio Innovations, Inc., makes
bio-based pest management and plant health products.  Bio-based
products are comprised of naturally occurring microorganisms, such
as bacteria and fungi, and plant extracts.  The Company's current
products target the major markets that use conventional chemical
pesticides, including certain agricultural and water markets, where
the Company's bio-based products are used as alternatives for, or
mixed with, conventional chemical products.  

Ernst & Young LLP issued a "going concern" qualification on the
consolidated financial statements for the year ended Dec. 31, 2016,
stating that the Company has incurred losses since inception, has a
net capital deficiency, and has additional capital needs that raise
substantial doubt about its ability to continue as a going
concern.

Marrone Bio reported a net loss of $31.07 million in 2016, a net
loss of $43.7 million in 2015, and a net loss of $51.65 million in
2014.  As of Sept. 30, 2017, Marrone Bio had $37.39 million in
total assets, $81.05 million in total liabilities and a total
stockholders' deficit of $43.66 million.


MAYFAIR-HAWAII: Fannie Mae Seeks Appointment of Chapter 11 Trustee
------------------------------------------------------------------
Federal National Mortgage Association ("Fannie Mae") asks the U.S.
Bankruptcy Court for the District of Columbia for relief from the
automatic stay to exercise its rights in the Mayfair-Hawaii, LLC's
single real estate asset, including foreclosure, and for the
appointment of a Chapter 11 trustee.

The Debtor owns a multi-family property located at 1 Hawaii Avenue,
NE, Washington, D.C., known as the 1 Hawaii Avenue Apartments.

The Debtor admits that Fannie Mae has a prepetition claim in the
amount of $3,824,039.55 that is secured by the Real Property.
Fannie Mae has also filed a proof of claim in this amount. As no
objection has been filed, Fannie Mae claims that the proof of claim
is prima facie valid.

Fannie Mae notes that the Real Property is worth less than
$3,824,039.55. Two appraisals confirm this fact: (i) the July 2017
Appraisal concluded that "as is" value of the Real Property is
$3,140,000, and (ii) the November 2017 Appraisal concluded that the
"as is" value of the Real Property was $3,400,000.

Fannie Mae acknowledges at the outset, there is a "strong
presumption" in favor of keeping existing management in control of
the estate, and that the appointment of a trustee should be the
exception rather than the rule.

Fannie Mae tells the Court that due to the Debtor's failure to
address life safety and other repair items, the Superior Court
appointed the Receiver to manage and operate the Real Property.
Fannie Mae acknowledges that the appointment of a Receiver for
cause is warranted in this case. Initially, the record reflects
substantial mismanagement by the Debtor prior to the Petition Date,
which resulted in (i) multiple liens recorded by the District of
Columbia, (ii) failure to address the life and safety issues of the
residents, and (iii) the appointment of the Receiver by the
Superior Court.

Both prior to and after the Petition date, the Receiver has taken
steps to stabilize the Real Property, but has not brought the
multiple down units back on line. Nevertheless, during this same
period, the Debtor "loaned" approximately $600,000 to an affiliate,
Sanford Capital, LLC.

Moreover, since the Petition Date, Fannie Mae has advanced an
additional $61,589.71 to fund the operations at the Real Property,
which amount increases the Debtor's indebtedness to Fannie Mae
pursuant to the order approving the Motion for Receiver Funding.

Fannie Mae contends that the Debtor's Monthly Operating Reports
reveal that the Real Property does not generate any revenue for the
Debtor. The Debtor had an operating loss of $3,068.51 for the month
of October 2017, and on December 7, 2017, the Receiver provided a
budget that projects that the Real Property will have negative net
operating cash flow of more than $88,000 for the next three
months.

The Debtor does, however, have other assets that may be used to
fund a liquidating plan for the estate. The Debtor has a receivable
of more than $600,000 due from Sanford Capital, LLC and
acknowledges that this receivable is collectible. This receivable
is in an amount that far exceeds the total unsecured claims against
the estate, as reflected in the Amended Schedules.

Fannie Mae asserts that the Debtor has likewise failed to satisfy
its fiduciary duties since the Petition Date. Although the estate
operates at a negative cash flow on a monthly basis, the Debtor has
been unwilling to seek to recover the substantial receivable from
an insider, Sanford Capital. Moreover, to the extent that the
Debtor sought to do so, Carter Nowell, who is the manager of both
the Debtor and Sanford Capital, would be conflicted because he
would be the principal on both sides of the litigation.

Counsel for Fannie Mae:

              John G. McJunkin, Esq.
              Daniel J. Carrigan, Esq.
              J. David Folds, Esq.
              BAKER DONELSON BEARMAN
              CALDWELL & BERKOWITZ, PC
              901 K Street NW, Suite 901
              Washington, D.C. 20001
              Telephone: (202) 508-3400
              Facsimile: (202) 220-2200
              Email: jmcjunkin@bakerdonelson.com
                     dcarrigan@bakerdonelson.com
                     dfolds@bakerdonelson.com

                       About Mayfair-Hawaii

Mayfair-Hawaii LLC, a Delaware limited liability company, owns a
34-unit multifamily property on the south side of Hawaii Avenue,
SE, in the District of Columbia.  Until the appointment of the
receiver, Paula Forshee, the property was managed by Oakmont
Management Group LLC.  Sanford Capital LLC owns 70% of
Mayfair-Hawaii.  A. Carter Nowell is the Debtor's manager.  Oakmont
is owned by Mr. Nowell.

On June 12, 2017, the Superior Court entered a consent order
appointing receiver and granting injunctive relief.  The Receiver,
though Catalyst Property Solutions, has managed the Property since
approximately June 12, 2017.

Mayfair-Hawaii LLC filed for Chapter 11 bankruptcy protection
(Bankr. D.C. Case No. 17-00514) on Sept. 26, 2017, estimating
assets and debt of $1 million to $10 million.  A. Carter Nowell
signed the petition.  

Judge S. Martin Tell Jr. is the case judge.

Kristen E. Burgers, Esq., and Stephen E. Leach, Esq., at Hirschler
Fleischer, PC, in Tysons, Virginia, serves as counsel to the
Debtor.


MEREDITH CORP: S&P Assigns 'B+' Corp. Credit Rating, Outlook Stable
-------------------------------------------------------------------
U.S.-based media company Meredith Corp. is issuing a $2.15 billion
senior secured credit facility (comprising a $1.8 billion term loan
B and a $350 million revolving credit facility) and a proposed $1.4
billion senior unsecured notes issuance. The company will use the
transaction proceeds, combined with $650 million of proceeds from a
preferred equity issuance, to fund its planned $2.8 billion
acquisition of Time Inc. and refinance its existing capital
structure. S&P Global Ratings expects the acquisition to close in
the first quarter of
2018.

S&P Global Ratings assigned its 'B+' corporate credit rating to Des
Moines, Iowa-based Meredith Corp. The rating outlook is stable.

S&P said, "At the same time, we assigned our 'BB' issue-level
rating and '1' recovery rating to the company's proposed $2.15
billion senior secured  credit facility, which consists of a $350
million revolving credit facility and a $1.8 billion senior secured
term loan. The '1' recovery rating indicates our expectation for
very high (90%-100%; rounded estimate: 95%) recovery of principal
in the event of a payment default.

"We also assigned our 'B' issue-level rating and '5' recovery
rating to the company's proposed $1.4 billion senior unsecured
notes. The '5' recovery rating indicates our expectation for modest
(10%-30%; rounded estimate: 10%) recovery of principal in the event
of a payment default.

"Our corporate credit rating on Meredith reflects the company's
very high pro forma leverage of 5.4x; its high exposure to the
consumer magazine industry, which is mature and declining due to
pressure on print advertising and circulation revenue and is
expected to account for about 55% of revenue in fiscal 2018 (June
30); its significant exposure to cyclical advertising revenues; and
the high integration risks it faces due to Time Inc.'s large size
and turnaround needs. These risks are partially offset by the
stable cash flow generation of Meredith's local media TV
broadcasting segment, which benefits from growing retransmission
revenues, market duopolies, and strong EBITDA margins; the
company's well-recognized and trusted brand portfolio and growing
digital and licensing business; and its differentiated multimedia
consumer and marketing platform, which benefits from a broad
national audience reach.

"The stable outlook reflects our expectation that Meredith will
make steady progress achieving about $400 million in cost
reductions while improving its adjusted EBITDA margins to about 20%
over the next two years, resulting in adjusted leverage declining
to below 5x by the end of 2019 from the current mid-5x area.

"We could lower the corporate credit rating if Meredith is unable
to lower leverage below 5x by year-end 2019 and maintain
discretionary cash flow to debt in excess of 2%. This could occur
if Meredith is unable to improve its EBITDA margins due to
operating or integration challenges, if it experiences organic
revenue declines in the mid- to high-single-digit range due to
headwinds in the magazine industry, if it pursues additional
debt-financed acquisitions, or if it divests its local media TV
broadcasting segment without a meaningful debt repayment.

"An upgrade is unlikely over the next 12 months, given our
expectation that Meredith's integration and restructuring costs
will be elevated over the next two years. For an upgrade, we would
expect the company to maintain leverage below 4x while exhibiting
stable to modest growth in revenues and cash flow."


NEPHROS INC: Expects 83% Year-Over-Year Q4 Product Revenue Growth
-----------------------------------------------------------------
Nephros, Inc., announced preliminary financial results for the
fourth quarter of 2017.

Nephros expects product revenue for the fourth quarter ended Dec.
31, 2017, to be approximately $1,258,000, an increase of
approximately 83% over the same period in 2016.  Total revenue for
the quarter ended Dec. 31, 2017 is projected to exceed $1,300,000,
an increase of more than 75% over the same period in 2016.

Net cash used in operating activities for the fourth quarter 2017
is expected to be approximately $38,000 including approximately
$65,000 of cash paid for interest on outstanding notes.  Nephros
ended the quarter with approximately $2.2 million in cash.

"While we have a long way to go to reach our full potential, we
continue to gain traction in the market with our product offerings
and to successfully compete for large, multi-year filtration
contracts," said Daron Evans, CEO of Nephros.  "In addition to
solid quarterly revenue growth and a strong year-end cash balance,
we were essentially cash flow neutral from an operational basis
this quarter.  For 2018, we foresee a continuation of our growth in
medical filter sales, an expansion of our commercial and industrial
filter sales, and the ability to invest proceeds into our second
generation HDF system."

                     About Nephros, Inc.

River Edge, N.J.-based Nephros, Inc. -- http://www.nephros.com/--
is a commercial stage medical device company that develops and
sells liquid purification filters.  Its filters, which it calls
ultrafilters, are primarily used in dialysis centers and healthcare
facilities for the production of ultrapure water and bicarbonate.

Moody, Famiglietti & Andronico, LLP, in Tewksbury, MA, issued a
"going concern" qualification in its report on the consolidated
financial statements for the year ended Dec. 31, 2016.  It said,
"[T]he Company has incurred negative cash flow from operations and
recurring net losses.  These conditions, among others, raise
substantial doubt about its ability to continue as a going
concern."

Nephros reported a net loss of $3.03 million on $2.32 million of
total net revenues for the year ended Dec. 31, 2016, compared with
a net loss of $3.08 million on $1.94 million of total net revenue
for the year ended Dec. 31, 2015.


ONCOBIOLOGICS INC: Gets Another Noncompliance Notice from Nasdaq
----------------------------------------------------------------
Oncobiologics, Inc., has received written notice from the Listing
Qualifications Staff of The NASDAQ Stock Market LLC indicating
that, based upon the Company's continued non-compliance with the
minimum $50,000,000 market value of listed securities requirement
for continued listing on The Nasdaq Global Market, as set forth in
Nasdaq Listing Rule 5450(b), as of Dec. 26, 2017, the Company's
securities would be subject to delisting from Nasdaq unless the
Company timely requested a hearing before the Nasdaq Hearings
Panel.  The Company timely requested a hearing before the Panel,
which request has stayed any further action by the Staff.

At the hearing, the Company will present its plan to evidence
compliance with the applicable listing criteria for the Panel's
review and request the continued listing of its securities on
Nasdaq pending its return to compliance.  The Company is diligently
working to satisfy the Nasdaq listing criteria; however, there can
be no assurance that the Panel will grant the Company's request for
continued listing or that the Company will be successful in its
efforts to regain compliance with the applicable continued listing
criteria within the time period that may be granted by the Panel.

As previously disclosed, on June 28, 2017, the Company received
written notice from the Staff indicating that the Company did not
satisfy the Rule for the previous 30 consecutive business days and,
in accordance with the Nasdaq Listing Rules, the Company was
granted a 180 day grace period within which to evidence compliance
with the Rule.  The relevant grace period expired on Dec. 26,
2017.

                     About Oncobiologics

Oncobiologics, Inc. -- http://www.oncobiologics.com/-- is a
clinical-stage biopharmaceutical company focused on identifying,
developing, manufacturing and commercializing complex biosimilar
therapeutics.  The Cranbury, New Jersey-based Company's current
focus is on technically challenging and commercially attractive
monoclonal antibodies, or mAbs, in the disease areas of immunology
and oncology.

Oncobiologics reported a net loss attributable to common
stockholders of $40.02 million for the year ended Sept. 30, 2017,
compared to a net loss attributable to common stockholders of
$63.13 million for the year ended Sept. 30, 2016.  As of Sept. 30,
2017, Oncobiologics had $20.73 million in total assets, $51.46
million in total liabilities, $2.92 million in series A convertible
preferred stock, and a $33.65 million total stockholders' deficit.

KPMG LLP, in Philadelphia, Pennsylvania, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Sept. 30, 2017, citing that the Company has incurred
recurring losses and negative cash flows from operations since
inception and has an accumulated deficit at Sept. 30, 2017 of
$186.2 million, $13.5 million of senior secured notes due in
December 2018 and $4.6 million of indebtedness that is due on
demand, which raises substantial doubt about its ability to
continue as a going concern.


ORWELL TRUMBULL: May Use Cash Collateral on Interim Basis
---------------------------------------------------------
The Hon. Arthur I. Harris of the U.S. Bankruptcy Court for the
Northern District of Ohio has entered an interim order authorizing
Orwell Trumbull Pipeline Co, LLC to use a limited amount of cash
collateral for each line item and in the aggregate amount as set
forth in the Interim Budget.

The Interim Budget provides total projected cash disbursements in
the approximate amount of $56,355 for the month of December 2017,
$64,318 for the month of January 2018 and $65,373 for the month of
February 2018.

An initial hearing was held on the Debtor's Motion and First
National Bank of Pennsylvania filed its objection to the Debtor's
use of its cash collateral. Consequently, First National Bank's
counsel submitted the interim order, incorporating its comments to
the draft initially prepared by the Debtor's counsel.

First National Bank asserts and the Debtor acknowledges that First
National Bank has valid and properly perfected security interests
in and liens against substantially all of the assets of the Debtor,
including the cash collateral. Said liens and security interests
arise from the various loan documents executed by First National
Bank and/or the Debtor to secure the amounts due to First National
Bank from the Debtor.

As adequate protection, the Debtor agrees to make monthly payments
in the amount of $15,000 per month to First National Bank, which
are to be received by First National Bank on or before January 4,
2018, and continuing thereafter on or before the fourth day of each
following month.

The Debtor is not authorized to use cash collateral to pay any
expense categories that are not included in the Interim Budget.
Further, the Debtor is not permitted to spend such cash collateral
to make payments to, or otherwise incur any debt/obligation on
behalf of any affiliates (including, without limitation: COBRA
Pipeline Company LLC; Chowder Gas Storage Facility; Lake Shore Gas
Storage; J.D. Oil & Gas Marketing; and Big Oats), insiders,
attorneys, or Richard M. Osborne, even if said payments, debt
and/or obligations were referenced on the Debtor's Interim Budget.

However, the Debtor is permitted to receive payments from COBRA
Pipeline Company LLC for purposes of (A) contributing to its
proportional share of the Debtor's payroll -- which contribution
will be no less than 63% of the Debtor's payroll obligation, and
(B) contributing to its proportional share of the Debtor's various
insurance obligations -- which contribution will be no less than
50% of the Debtor's insurance obligation.

First National Bank is granted a valid, enforceable and perfected
replacement lien on all collateral acquired by the Debtor or the
estate on or after the Petition Date, to the same extent, validity
and priority as the security interest in cash collateral that First
National Bank held as of the Petition Date.

The Debtor is required to provide to First National Bank, on each
monthly anniversary of the interim order, a detailed report as to
the Debtor’s receipts and disbursements. As part of its monthly
obligations, the Debtor will also set aside and retain the sum of
$10,000 to be used toward payment or settlement of current personal
property taxes.

Moreover, Richard M. Osborne is prohibited from participating,
directly or indirectly, in the management of the Debtor during the
term of the interim order.

A full-text copy of the Interim Order is available at:

          http://bankrupt.com/misc/ohnb17-17135-53.pdf

                 About Orwell Trumbull Pipeline

Based in Willoughby, Ohio, Orwell-Trumbull Pipeline Co., LLC,
engineers, installs, constructs, and inspects electronic measuring
equipment for the natural gas industry.

Orwell Trumbull Pipeline filed a Chapter 11 petition (Bankr. N.D.
Ohio Case No. 17-17135) on Dec. 4, 2017.  The petition was signed
by Richard M. Osborne, its managing member.  In its petition, the
Debtor estimated $10 million to $50 million in both assets and
liabilities.  

The Hon. Arthur I. Harris presides over the case.

Glenn E. Forbes, Esq., at Forbes Law LLC, serves as bankruptcy
counsel.

Dettelbach Sicherman & Baumgart, LLCPA; Kravitz Brown & Dortch,
LLC; and Wuliger and Wuliger, is the Debtor's special counsel.


PACIFIC OFFICE: Extends FHB Credit Facility to December 2019
------------------------------------------------------------
Pacific Office Properties, L.P., a Delaware limited partnership of
which Pacific Office Properties Trust, Inc., is the sole general
partner, has entered into an amendment to its credit agreement with
First Hawaiian Bank dated Sept. 2, 2009, to extend the scheduled
maturity date from Dec. 31, 2017 to Dec. 31, 2019.  No other terms
of the FHB Credit Facility were amended.

As security for the FHB Credit Facility, Shidler Equities L.P., a
Hawaii limited partnership controlled by Jay H. Shidler, the
Corporation's Chairman of the Board of Directors, has previously
pledged to the Lender a certificate of deposit in the principal
amount of $25 million.  As a condition to continuing to provide the
Shidler Equities Pledge, on Dec. 29, 2017, the Operating
Partnership and Shidler Equities amended the Indemnification
Agreement, dated as of Sept. 2, 2009.  Pursuant to the
Indemnification Agreement, as amended, the Operating Partnership
has agreed to continue to indemnify Shidler Equities from any
losses, damages, costs and expenses incurred by Shidler Equities in
connection with the Shidler Equities Pledge through the extended
maturity date of the FHB Credit Facility.  No other terms of the
Indemnification Agreement were amended.

Concurrently with the extension of the maturity date of the FHB
Credit Facility, on Dec. 29, 2017, the Operating Partnership
entered into an amendment with the holders of its outstanding
promissory notes in the aggregate principal amount of $32.4 million
payable to certain current and former affiliates to extend the
stated maturity date of each of these promissory notes to the
earlier to occur of Dec. 31, 2019 and the date on which the
Operating Partnership has fully satisfied, or is released from, any
liability under the Indemnification Agreement.  No other terms of
these promissory notes were amended.  As of Sept. 30, 2017, accrued
and unpaid interest on these promissory notes totaled $22.0 million
in aggregate.

As previously disclosed, certain of these promissory notes, having
an aggregate principal amount of $21.1 million, were issued in 2008
as consideration for having funded certain capital improvements
prior to the completion of our formation transactions and upon the
exercise of an option granted to us as part of our formation
transactions in 2008.  Based on their respective ownership in the
entities holding these promissory notes, the aggregate principal
amount attributable to each of Messrs. Shidler (its Chairman of the
Board), James C. Reynolds (who beneficially owns approximately 12%
of its Class A Common Stock), James R. Ingebritsen (its former
chief executive officer), Matthew J. Root (its former chief
investment officer) and Lawrence J. Taff (its current chief
executive officer and chief financial officer) was $6.8 million,
$6.1 million, $2.7 million, $2.7 million and $2.0 million,
respectively.  Interests in the remaining $0.8 million are held by
entities controlled by Mr. Reynolds.

Certain other of these promissory notes, having an aggregate
principal amount of $8.3 million, were issued in 2014 to settle
claims under tax protection agreements relating to the sale
of the Company's First Insurance Center property in 2012.  These
notes were issued to the following persons or to entities
controlled by such persons in the following principal amounts: Mr.
Shidler ($2.0 million), Mr. Reynolds ($2.7 million), Mr.
Ingebritsen ($1.3 million), Mr. Root ($1.3 million) and Mr. Taff
($1.1 million).  The remaining one of these promissory notes, in
the principal amount of $3.0 million, was issued to an entity
controlled by Mr. Shidler in 2016 in consideration of a loan in
that amount to the Operating Partnership.

                      About Pacific Office

Pacific Office Properties Trust, Inc., is a real estate investment
trust (REIT).  The Company owns and operates primarily office
properties in Hawaii.  The Company owns approximately four office
properties, consisting of approximately 1.2 million rentable square
feet and is partner with third-parties in approximately three joint
ventures, holding approximately three office properties, consisting
of approximately seven buildings and approximately one million
rentable square feet (the Property Portfolio).  One of its joint
ventures also owns a sports club associated with its City Square
property in Phoenix, Arizona.  The Company's Property Portfolio
includes office buildings in Honolulu and Phoenix.  The Company is
the sole general partner of its Operating Partnership, Pacific
Office Properties, L.P.  The Company holds a long-term ground
leasehold interest in its Waterfront Plaza property.

Pacific Office incurred a net loss of $13.96 million in 2016
following a net loss of $14.26 million in 2015.  As of Sept. 30,
2017, Pacific Office had $253.41 million in total assets, $408.41
million in total liabilities and a total deficit of $155 million.

Ernst & Young LLP, in Honolulu, Hawaii, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2016, citing that the Company expects that funds
from operations, including existing cash on hand, will be
insufficient to meet its working capital requirements and capital
and tenant improvements obligations which raise substantial doubt
about its ability to continue as a going concern.


PONDEROSA ENERGY: U.S. Trustee Forms 3-Member Committee
-------------------------------------------------------
The Office of the U.S. Trustee on Jan. 5 appointed three creditors
to serve on the official committee of unsecured creditors in the
Chapter 11 cases of Ponderosa Energy LLC and GS Energy LLC.

The committee members are:

     (1) Anderson Roustabout & Construction
         Attn: Steve Anderson
         P.O. Box 292
         Fritch, TX 79036-0292
         Phone: (806) 273-5061
         Email: Andersonconstruction292@gmail.com

     (2) CRL Pump & Supply
         Attn: Leon Roberts
         P.O. Box 172
         Borger, TX 79008
         Phone: (806) 274-2692
         Email: LRoberts@CRLPump.com

     (3) Philip Gunn
         400 Industrial Blvd.
         Borger, TX 79007
         Phone: (806) 898-8840
         Email: Pgunn2@yahoo.com

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

The companies are represented by:

     Charles Rubio, Esq.
     Diamond McCarthy LLP
     909 Fannin, 15th Floor
     Houston, TX 77010
     Tel: 713-333-5127
     Fax: 713-333-5195
     Email: crubio@diamondmccarthy.com

                    About Ponderosa Energy LLC
                         and GS Energy LLC

Based in New York, Ponderosa Energy LLC and GS Energy LLC are
engaged in the oil and gas extraction business.  The Debtors'
principal assets are located at Hutchison, Carson, Gray & Moore
Counties, Texas.

Ponderosa Energy and GS Energy sought protection under Chapter 11
of the Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No. 17-13484) on
December 5, 2017.  Richard Sands, manager, signed the petition.

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

Judge Sean H. Lane presides over the case.  Diamond McCarthy LLP is
the Debtors' bankruptcy counsel.


POSTO 9 LAKELAND: Seeks Jan. 10 Exclusive Plan Filing Extension
---------------------------------------------------------------
Posto 9 Lakeland, LLC and Posto 9 Properties, LLC request the U.S.
Bankruptcy Court for the Middle District of Florida for an
extension of time for which the Debtors have the exclusive right to
file a plan, through January 10, 2018.

On December 29, 2017, the Debtors filed their Extension Motion
requesting that, inter alia, the Court extend the Exclusive Plan
Filing Deadline through and including February 4, 2018. However, on
December 30, CenterState Bank of Florida, N.A. filed its Limited
Objection to Debtors' Extension Motion.

The Court has scheduled the Exclusivity Motion and the Exclusivity
Objection for hearing on January 10 -- that would be after the Plan
Exclusivity Period expires. While the Court can retroactively
extend the Plan Exclusivity Period, as long as the request is made
prior to its expiration (which occurred here), there is the
potential for a "gap period" for a creditor to file a plan between
January 4, 2018 and January 10, 2018 when the Exclusivity Motion is
heard.

Accordingly, Posto 9 submits that it is in the best interests of
the Debtors and the estate to provide for a limited extension of
the Plan Exclusivity Deadline through and including January 10 so
that the Court can hear the merits of the Exclusivity Motion and
the Exclusivity Objection, without the potential for a creditor
plan being filed prior to the hearing.

                   About Posto 9 Lakeland

Posto 9 Lakeland, LLC, is a privately held company that operates a
Brazilian restaurant at 215 East Main Street Lakeland, Florida
33801, Polk County.

Posto 9 Properties listed its business as a single asset real
estate (as defined in 11 U.S.C. Section 101(51B)).  It owns in fee
simple interest a real property located at 215 East Main Street,
Lakeland, Florida 33801 valued at $2.39 million.

Posto 9 Lakeland, LLC (Bankr. M.D. Fla. Case No. 17-07887) and
affiliate Posto 9 Properties, LLC (Bankr. M.D. Fla. Case No.
17-07890) filed Chapter 11 bankruptcy petitions on Sept. 6, 2017.
The petitions were signed by Marco Franca, its manager.

Judge Michael G. Williamson presides over the case.

Eric D Jacobs, Esq., and David S. Jennis, Esq., at Jennis Law Firm
serve as the Debtor's bankruptcy counsel.

Posto 9 Lakeland listed $1,210,000 in total assets and $4,850,000
in total liabilities.

Posto 9 Properties listed $2,410,000 in total assets and $3,800,000
in total liabilities.


PROMETRIC HOLDINGS: S&P Assigns 'B' CCR, Outlook Stable
-------------------------------------------------------
S&P Global Ratings assigned its 'B' corporate credit rating to
Prometric Holdings Inc. The rating outlook is stable.

S&P said, "At the same time, we assigned our 'B' issue-level rating
and '3' recovery rating to the company's senior secured first-lien
credit facility. The '3' recovery rating indicates our expectation
for meaningful recovery (50%-70%; rounded estimate: 55%) of
principal in the event of a default."

The senior secured second-lien credit facility is not rated.

S&P said, "Our corporate credit rating reflects the company's niche
market focus, small size, high client concentration, high adjusted
leverage, and financial sponsor ownership. These negative factors
are somewhat offset by the company's good EBITDA margins and
long-term contracts with its customers.

"The stable outlook reflects our expectation that Prometric's
operating performance will remain stable over the next 12 months,
with adjusted leverage above mid-6x levels, and the company will
maintain adequate liquidity to support its operations.

"We could lower the corporate credit rating if we believe the
company will sustain leverage above 7x through declining revenue or
reduced EBITDA generation due to client loss, organic testing
volume declines, or operational missteps in managing its cost
structure.

"Although unlikely over the next 12 months, we could raise the
rating if we believe the company will reduce and maintain leverage
well below 5x over the next 12 months through accelerated debt
repayments and strong revenue and EBITDA growth. An upgrade would
also require the financial sponsor to show a track record of less
aggressive financial policies and a commitment to a lower leverage
profile."


QUEST RARE: Files Proposal Under Canada Bankruptcy & Insolvency Act
-------------------------------------------------------------------
Quest Rare Minerals Ltd. on Jan. 5, 2018, disclosed that it filed a
proposal on Jan. 3, 2018, pursuant to Part III of the Bankruptcy
and Insolvency Act (Canada) with the Office of the Superintendent
of Bankruptcy.  The Proposal provides, among other things, for the
reorganization of Quest's share capital, whereby all issued and
outstanding Quest shares will be cancelled, the whole in accordance
with Section 191 of the Canada Business Corporations Act.
Subsequent to the issuance, if any, of an order from the Quebec
Superior Court approving the Proposal and the Reorganization as
well as execution of the Proposal by Quest, Quest will file
Articles of Reorganization reflecting the Reorganization with the
Director under the Canada Business Corporations Act.

Further information regarding the Proposal and the Reorganization
will be available by way of press releases as well as on the
website of the trustee PricewaterhouseCoopers Inc.

                           About Quest

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


RAYONIER ADVANCED: S&P Affirms BB- Rating on $550MM Notes Due 2024
------------------------------------------------------------------
S&P Global Ratings affirmed its 'BB-' issue-level rating on
Jacksonville, Fla.-based specialty pulp producer Rayonier Advanced
Materials Inc.'s (RYAM) $550 million senior unsecured notes due
2024 ($506 million outstanding). S&P said, "The recovery rating on
the notes remains '3', indicating our expectation for meaningful
(50%-70%; rounded estimate: 55%) recovery to creditors in the event
of a payment default. Our previous estimate of recovery before the
acquisition of Tembec Inc. was 65%."

The affirmation follows the completion of the company's acquisition
of Canadian pulp and wood products producer Tembec on Nov. 20,
2017. The acquisition resulted in changes to the capital structure
of RYAM, with the company increasing the size of its A-1 and A-2
term loans (unrated) to $230 million and $450 million from
approximately $28 million and $250 million, respectively. As part
of the acquisition, RYAM also assumed approximately $100 million of
Tembec's debt.

S&P said, "We have updated our recovery analysis to reflect the
changes in RYAM's debt structure, as well as to update our stressed
valuation of RYAM to reflect the acquisition of Tembec. We present
the details of our recovery analysis below.

"Our 'BB-' corporate credit rating and positive rating outlook on
Rayonier Advanced Materials Inc. are unchanged. For more
information, see our research update on RYAM published July 27,
2017."

RECOVERY ANALYSIS

Key analytical factors

S&P said, "Our recovery analysis on Rayonier Advanced Materials
Inc. is based on the current capital structure, which includes a
$250 million revolving credit facility (unrated), approximately
$780 million in term loan facilities (unrated), and $550 million of
senior unsecured notes (current balance $506 million) due 2024,
issued by Rayonier A.M. Products Inc. We assessed recovery
prospects on the basis of a reorganization value for RYAM of about
$1.225 billion, based on emergence EBITDA of about $220 million and
a 6x multiple. For forest products companies, we use multiples in
the 5x-6x range. We applied a 6x multiple to Rayonier Advanced
Materials to reflect its No. 1 market share in the specialty pulp
business and its highly specialized plants (including those
acquired in the Tembec acquisition), long-standing customer
relationships, and difficult-to-replicate intellectual expertise.
In arriving at our $220 million EBITDA at emergence, we applied a
cyclicality adjustment of 10% (standard for the forest products
industry) and a 15% operational adjustment to default level EBITDA
to align EBITDA decline at default with other 'BB-' rated peers
(approximately 40% decline in EBITDA).

"Our simulated default scenario assumes that the company defaults
as a result of a more competitive and challenging operating
environment brought about by prolonged excess capacity, resulting
in material specialty cellulose price erosions, along with the loss
of two or more of RYAM's top five customers and prolonged
construction recession that affects earnings from Tembec's wood
products business."

Simulated default assumptions

-- Year of default: 2020
-- EBITDA at emergence: $220 mil.
-- Implied EBITDA multiple: 6x
-- Implied stressed valuation: $1.225 bil.

Simplified waterfall

-- Net emergence value (after 5% admin. costs): $1.16 bil.
-- Valuation split in % (obligors/nonobligors): 65/35
-- Collateral value available to secured creditors: $1.165 bil.
-- Secured first-lien debt: $805 mil.
-- Total value available to unsecured claims: $290 mil.
-- Senior unsecured debt and pari passu claims: $520 mil.
-- Recovery expectations: 55%

Notes: All debt amounts include six months of prepetition interest.
Collateral value equals the asset pledge from obligors after
priority claims plus the equity pledge from nonobligors after
nonobligor debt.

Ratings List
  Rayonier Advanced Materials Inc.             BB-/Watch Pos/--

  Affirmed; Recovery Expectations Revised
                                               To        From
  Rayonier A.M. Products Inc.  
   Senior Unsecured                            BB-       BB-
    Recovery Rating                            3(55%)    3(65%)


RESOLUTE ENERGY: James Piccone Resigns as President
---------------------------------------------------
James M. Piccone resigned from his position as president and as a
member of the Board of Directors of Resolute Energy Corporation and
from all other officer or board positions of the Company's
subsidiaries on Jan. 1, 2018.  As a result of the resignation, the
size of the Board was decreased from nine to eight members.  The
resignation was in connection with the closing of the sale of the
Company's Aneth Field assets on Nov. 6, 2017 to an affiliate of Elk
Petroleum Limited.  

Mr. Piccone and the Company entered into a Separation Agreement and
Release dated Jan. 1, 2018.  The Separation Agreement becomes
irrevocable on Jan. 9, 2018.  The material terms of the Separation
Agreement, including compensation payable thereunder and treatment
of long-term incentive awards, are consistent with Mr. Piccone's
Employment Agreement with the Company dated Jan. 1, 2017 and Mr.
Piccone's various LTI award agreements.  The following is a summary
of the material terms of the Separation Agreement:

   * Starting in February 2018, Mr. Piccone will receive cash
     severance over a period of 24 months equal to two times his
     current base salary plus two times his target short-term
     incentive bonus payment, less applicable taxes and
     withholdings.

   * All of Mr. Piccone's unvested restricted cash incentive
     awards will remain outstanding and continue to vest through
     February 2019.

   * All of Mr. Piccone's unvested time-based restricted stock,
     stock options and cash-settled stock appreciation rights
     vested on Jan. 1, 2018.

   * All of Mr. Piccone's unvested performance-based restricted
     stock and all "outperformance shares" will remain outstanding
     and continue to vest or be earned, as applicable, through the

     end of the performance period ending March 2020.

The Separation Agreement also generally provides for a release by
Mr. Piccone of all claims related in any way to Mr. Piccone's
employment with and separation from the Company.  Unless otherwise
modified under the Separation Agreement, the provisions of the
Employment Agreement remain in full force and effect, including,
but not limited to, any confidentiality and restrictive covenants.


                     About Resolute Energy

Resolute Energy Corp. -- http://www.resoluteenergy.com/-- is an
independent oil and gas company focused on the acquisition and
development of unconventional oil and gas properties in the
Delaware Basin portion of the Permian Basin of west Texas.  The
Company's common stock is traded on the NYSE under the ticker
symbol "REN."

Resolute reported a net loss of $161.7 million in 2016, a net loss
of $742.3 million in 2015 and a net loss of $21.85 million in 2014.
The Company had $792.32 million in total assets, $866.08 million
in total liabilities and a total stockholders' deficit of $73.76
million as of Sept. 30, 2017.

                          *    *    *

As reported by the TCR on Feb. 27, 2017, Moody's Investors Service
upgraded Resolute Energy Corporation's Corporate Family Rating
(CFR) to 'B3' from 'Caa2', the Probability of Default Rating to
'B3-PD' from 'Caa2-PD' and its senior unsecured notes rating to
'Caa1' from 'Caa3'.  The Speculative Grade Liquidity rating was
affirmed at SGL-3.  The rating outlook was changed to stable.

"The upgrade to B3 reflects Resolute's improved capital structure,
continued strong drilling results and improved production and
drilling economics, which provide good visibility to continued
growth in a mid $40s oil price environment without increasing debt
leverage," noted John Thieroff, Moody's VP-Senior Analyst.  "We
expect moderation in the company's reserve- and production-based
debt metrics from significant production growth at very competitive
drillbit costs."

The TCR reported on May 15, 2017, that S&P Global Ratings assigned
its 'B-' corporate credit rating to Resolute Energy Corp.  The
rating outlook is stable.  "The corporate credit rating reflects
our assessment of REN's business risk profile as vulnerable, its
financial risk profile as aggressive, and its
liquidity as less than adequate," said S&P Global Ratings credit
analyst, David Lagasse.


RICEBRAN TECHNOLOGIES: Sabby Healthcare Has 4.9% Stake as Dec. 31
-----------------------------------------------------------------
Sabby Healthcare Master Fund, Ltd., Sabby Volatility Warrant Master
Fund, Ltd., Sabby Management, LLC and Hal Mintz reported in a
Schedule 13G/A filed with the Securities and Exchange Commission
that as of Dec. 31, 2017, they beneficially own 842,512 shares of
common stock of Ricebran Technologies, Inc., constituting 4.99
percent of the shares outstanding.

Sabby Management, LLC and Hal Mintz do not directly own any shares
of Common Stock, but each indirectly owns 842,512 shares of Common
Stock.  Sabby Management, LLC, a Delaware limited liability
company, indirectly owns 842,512 shares of Common Stock because it
serves as the investment manager of Sabby Healthcare Volatility
Master Fund, Ltd. and Sabby Volatility Warrant Master Fund,
Ltd., Cayman Islands companies.  Mr. Mintz indirectly owns 842,512
shares of Common Stock in his capacity as manager of Sabby
Management, LLC.

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

                    https://is.gd/2ZW1Vo

                 About RiceBran Technologies

Headquartered in Scottsdale, Arizona, RiceBran Technologies --
http://www.ricebrantech.com/-- is a food, animal nutrition, and
specialty ingredient company focused on the procurement,
bio-refining and marketing of numerous products derived from rice
bran.  RiceBran has proprietary and patented intellectual property
that allows the Company to convert rice bran, one of the world's
most underutilized food sources, into a number of highly nutritious
food, animal nutrition and specialty ingredient products.

RiceBran incurred a net loss attributable to common shareholders of
$9.10 million in 2016 compared to a loss attributable to common
shareholders of $8.3 million in 2015.  As of Sept. 30, 2017,
RiceBran had $32.90 million in total assets, $20.51 million in
total liabilities and $12.39 million in total equity attributable
to shareholders.

Marcum LLP, in New York, issued a "going concern" qualification on
the consolidated financial statements for the year ended Dec. 31,
2016, citing that the Company has suffered recurring losses from
operations resulting in an accumulated deficit of $260 million at
Dec. 31, 2016.  This factor among other things, raises substantial
doubt about its ability to continue as a going concern.


RIVER CREE: DBRS Confirms BB(low) Issuer Rating
-----------------------------------------------
DBRS Limited confirmed the Issuer Rating and the Senior Secured
2nd-Lien Notes (the Notes) rating for River Cree Enterprises
Limited Partnership (River Cree or the Company) at BB (low) and B
(high), respectively. All trends are Stable. The Notes have a
recovery rating of RR5. The confirmation is based on the Company's
stable earnings and financial management. The ratings continue to
reflect River Cree's single asset and market concentration risk as
well as significant benefits from the Company's First Nations
status and its leading market position.

Adjusted revenue declined by 5.4% in the first nine months ended Q3
F2017 (9M F2017) compared to a strong nine months ended Q3 F2016 as
foot traffic at the resort declined primarily because of poor
weather conditions in the winter months. The Company's market share
in slot machines remained relatively stable at 32.8% in 9M F2017
compared to 33.0% a year ago. Adjusted EBITDA margins improved to
43.3% in 9M F2017 because of cost cutting efforts. River Cree's
adjusted EBITDA, which includes First Nations Development Fund
(FNDF) proceeds, was $54 million for the last 12 months (LTM) ended
September 30, 2017. FNDF proceeds have been more than sufficient to
fund 90% (the maximum allowable percentage) of the Company's debt
service requirements on its term loan and notes. River Cree used
free cash flow and funds received from the arbitration settlement
with Paragon to fund the remaining amortization payments. Gross
debt-to-EBITDA and EBITDA coverage improved modestly to 4.20 times
(x) and 2.27x, respectively, for the LTM ended Q3 F2017 from 4.27x
and 2.23x, respectively, in F2016.

DBRS expects that River Cree's earnings profile will remain
appropriate for the current rating over the near to medium term as
the Company should maintain its leading market position. DBRS
forecasts revenue to increase in mid-single digits through F2018
and return to F2016 levels should normal weather conditions
transpire in F2018. DBRS believes that adjusted EBITDA margins
should increase modestly as the benefits of operating leverage will
be partially offset by promotional and marketing expenditures
related to increased competition from the expected completion of
the Palace Casino renovation in 2018. As such, DBRS forecasts
adjusted EBITDA to grow in the mid-single digits to approximately
$57 million in F2018. DBRS notes that River Cree is currently
working on amending its hotel agreement with Marriott with the aim
of increasing the flexibility to lower the average daily room rate
to drive hotel occupancy and foot traffic at the resort.

DBRS expects River Cree's financial profile to remain stable over
the near to medium term as free cash flow is expected to remain
relatively steady and the Company uses FNDF proceeds to fund 90% of
debt service on its term loan and notes, including scheduled
repayments. DBRS forecasts that operating EBITDA will be
approximately $7.5 million in F2018, more than sufficient to fund
the $2.0 million of maintenance capital expenditures not covered by
the FNDF proceeds and the remaining 10% of debt service
requirements of approximately $3.0 million. As such, DBRS believes
that surplus operating EBITDA will amount to $2.5 million in F2018.
As a result of the scheduled amortization payments, DBRS expects
key credit metrics to improve slightly and to remain well placed
for the current rating.


RMG ENTERPRISES: Wants Authority to Access Cash Collateral
----------------------------------------------------------
RMG Enterprises, Ltd., asks the U.S. Bankruptcy Court for the
Eastern District of Virginia to authorize and approve its use of
cash collateral for the payment of its operating expenses as set
forth in the budget and to pay any other expenses incurred in the
ordinary course of the Debtor's business, including professional
fees approved by the Court, and fees due to the U.S. Trustee.

The Debtor believes that these Secured Creditors may assert
interest in its cash collateral: (a) Union Bank & Trust, claiming
the aggregate sum of $414,142; (b) People's United Equipment
Finance Corp., claiming approximately $145,825; (c) Madison
Funding, claiming approximately $64,800; (d) Commercial Credit
Group, Inc., which is owed approximately $69,259.70; and (e)
Department of the Treasury - Internal Revenue Service has filed a
Notice of Federal Tax Lien in the amount of $106,028.

The Debtor proposes to continue to make periodic cash payments to
the Secured Creditors and grant replacement liens so there will be
no decrease in the value of Secured Creditors' interest in the
Property.

In the event that the Court does not authorize the Debtor's use of
cash collateral, the Debtor believes that it will be unable to
maintain its current business operations and propose a plan of
reorganization as contemplated by the Bankruptcy Code.  Without the
use of cash collateral, the Debtor will be seriously and
irreparably harmed, resulting in significant losses to the Debtor's
estate and its creditors.

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

             http://bankrupt.com/misc/vaeb17-36349-6.pdf

                      About RMG Enterprises
  
RGM Enterprises Ltd, t/a Commonwealth Carrier --
http://commonwealthcarrier.net/ -- provides time-sensitive
transposition, merging, and transshipment services; specialized
handling of fragile materials; handling, reporting, and inventory
of products; customized transportation of unique products; reload,
storage, inventory and of rail delivered products; and a unique
24/7/365 emergency service for its small client base.  The
company's 4.5-acre Fredericksburg, VA complex has a 55,000 sq. ft.
warehouse with an acre of dedicated paved and lighted yard.  RGM
has been providing "Uncommon Services" since 1973.

RMG Enterprises filed a Chapter 11 petition (Bankr. E.D. Va. Case
No. 17-36349) on Dec. 27, 2017.  Patrick F. Smith, president,
signed the petition.  Robert Easterling, Esq., is the Debtor's
counsel.  As of Nov. 30, 2017, the Debtor had $622,087 in total
assets and $1.37 million in total liabilities.


SAEXPLORATION HOLDINGS: Whitebox Has 27.7% Stake as of Dec. 19
--------------------------------------------------------------
Whitebox Advisors LLC disclosed to the Securities and Exchange
Commission via Schedule 13D/A that as of Dec. 19, 2017, it may be
deemed to be the beneficial owner of 2,609,039 shares of common
stock of SAExploration Holdings, Inc., constituting 27.7% of the
Shares of the Company, based on 9,424,534 Shares outstanding as of
Nov. 1, 2017.  WA has the sole power to vote or direct the vote of
0 Shares; has the shared power to vote or direct the vote of
2,609,039 Shares; has the sole power to dispose or direct the
disposition of 0 Shares; and has the shared power to dispose or
direct the disposition of 2,609,039 Shares.

Whitebox General Partner LLC may be deemed to be the beneficial
owner of 2,609,039 Shares, constituting 27.7% of the Shares of the
Issuer.  WB GP has the sole power to vote or direct the vote of 0
Shares; has the shared power to vote or direct the vote of
2,609,039 Shares; has the sole power to dispose or direct the
disposition of 0 Shares; and has the shared power to dispose or
direct the disposition of 2,609,039 Shares.

Whitebox Multi-Strategy Partners, LP may be deemed to be the
beneficial owner of 1,582,394 Shares, constituting 16.8% of the
Shares of the Issuer.  WMP has the sole power to vote or direct the
vote of 0 Shares; has the shared power to vote or direct the vote
of 1,582,394 Shares; has the sole power to dispose or direct the
disposition of 0 Shares; and has the shared power to dispose or
direct the disposition of 1,582,394 Shares.

Whitebox Credit Partners, LP may be deemed to be the beneficial
owner of 510,492 Shares, constituting 5.4% of the Shares of the
Issuer.  WCP has the sole power to vote or direct the vote of 0
Shares; has the shared power to vote or direct the vote of 510,492
Shares; has the sole power to dispose or direct the disposition of
0 Shares; and has the shared power to dispose or direct the
disposition of 510,492 Shares.

The principal business address for each of WA and WB GP is 3033
Excelsior Boulevard, Suite 300, Minneapolis, Minnesota 55416.  The
principal business address of WMP is c/o Estera Corporate Services
(BVI) Limited, Jayla Place, Wickhams Cay 1, PO Box 3190, Road Town,
Tortola, British Virgin Islands VG1110.  The principal business
address of WCP is c/o Estera Corporate Services (BVI) Limited,
Jayla Place, Wickhams Cay 1, PO Box 3190, Road Town, Tortola,
British Virgin Islands VG1110.  The principal business addresses of
the Executive Officers and Board of Managers of WA and the members
of the Board of WB GP, are set forth in Exhibit B and Exhibit C,
respectively.  WA manages and advises private investment funds,
including WMP and WCP.  WB GP serves as general partner of private
investment funds, including WMP and WCP.  The principal business of
WMP and WCP is investments.

             2017 Restructuring Support Agreement

On Dec. 19, 2017, SAExploration entered into a restructuring
support agreement with WMP, WCP, a certain other WA Private Fund,
and other holders that beneficially own in excess of 85% in
principal amount of the New Notes, pursuant to which the 2017
Supporting Holders and the Issuer have agreed to enter into and
implement a proposed deleveraging restructuring transaction.

The 2017 RSA contemplates the following transactions:

   * The Issuer will commence an exchange offer to exchange the
     New Notes and the remaining Existing Notes, each to the
     extent held by eligible holders of record, for a combination
     of common stock, convertible preferred stock and warrants.  
     In connection with the exchange offer, the Issuer will also
     commence a consent solicitation to make certain proposed
     amendments to the terms of the indentures governing the
     Exchange Offer Notes.  Pursuant to the 2017 RSA, the 2017
     Supporting Holders have agreed to tender all of their New
     Notes and to deliver corresponding consents.  The Issuer will
     commence an exchange offer to exchange the New Notes and the
     remaining Existing Notes, each to the extent held by eligible

     holders of record, for a combination of common stock,
     convertible preferred stock and warrants.  In connection with
     the exchange offer, the Issuer will also commence a consent
     solicitation to make certain proposed amendments to the terms
     of the indentures governing the Exchange Offer Notes.
     Pursuant to the 2017 RSA, the 2017 Supporting Holders have
     agreed to tender all of their New Notes and to deliver
     corresponding consents.

   * As a result of the issuance of shares of common stock, shares

     of convertible preferred stock, and warrants pursuant to the
     exchange offer, assuming that all outstanding New Notes and
     at least $1.25 million in aggregate principal amount of
     Existing Notes are tendered and accepted for exchange in the
     exchange offer and assuming conversion of the convertible
     preferred stock and exercise of the warrants, the Issuer
     expects to issue to the tendering holders of Exchange Offer
     Notes approximately 93.4% of the outstanding shares of common

     stock (including to 2017 Supporting Holders) and expects
     current equity to hold approximately 6.6% of the outstanding
     shares of common stock, as of the closing of the exchange
     offer, without giving effect to any subsequent issuances.
  
The 2017 RSA contemplates various closing conditions, including,
among other things, the negotiation of definitive documentation and
a minimum tender condition of 95% in principal amount of the New
Notes in the exchange offer and consent solicitation.

The 2017 Supporting Holders may terminate the 2017 RSA if, among
other customary termination events, the Issuer files for bankruptcy
or if the consummation of the exchange offer and consent
solicitation has not occurred by Feb. 14, 2018.

        Waiver and Consent to New Senior Loan Facility

On Dec. 21, 2017, the Issuer and the other loan parties thereto
entered into a Waiver and Consent to the New Senior Loan Facility
with the lenders party thereto, including WBox 2015-7 Ltd., under
the New Senior Loan Facility, pursuant to which the lenders (A)
consented to (subject to the satisfaction of certain conditions
specified in the Term Loan Consent), and waived compliance with any
provision in the agreement governing the New Senior Loan Facility
that might prohibit, the 2017 Restructuring Transaction and (B)
consented to increase the amount of aggregate principal amount of
obligations secured by liens that are senior to the liens securing
the Obligations (as such term is defined in the Term Loan Consent)
from $16 million to $20 million under the Specified Letter
Agreement (as such term is defined in the Term Loan Consent).

                 Credit and Security Agreement

On Sept. 22, 2017, SAExploration, Inc., a domestic subsidiary of
the Issuer, entered into the First Amended and Restated Credit and
Security Agreement, by and among the Borrower, the Issuer,
SAExploration Sub, Inc., SAExploration Seismic Services (US), LLC,
and NES, LLC, the lenders from time to time party thereto and
Cantor Fitzgerald Securities, as agent.  The New Credit Agreement
amends and restates that certain Credit and Security Agreement,
dated as of Nov. 6, 2014, by and among the Borrower, the 2017
Guarantors and Wells Fargo Bank, National Association, as lender.

The New Credit Agreement provides for up to $16.0 million in
borrowings secured primarily by the Borrower's North American
assets, mainly accounts receivable and equipment, subject to
certain exclusions and exceptions as set forth in the New Credit
Agreement.  Additional borrowings under the credit facility are
subject to Lenders' sole discretion and must be in minimum
increments of $1.0 million.  Any increased amount approved by the
Lenders will also be subject to the terms and conditions of the New
Credit Agreement.
The New Credit Agreement states that WMP, WCP and a certain other
WA Private Fund agreed to an aggregate amount of $2,351,375 in
advance commitments.  Upon the New Agent's receipt of a written
request from the Borrower, each Lender severally and not jointly
agrees to make its portion of its advance to the Borrower in an
amount equal to such Lender's First Amended and Restated Effective
Date Advance Commitment.  Each Lender's First Amended and Restated
Effective Date Advance Commitment shall terminate immediately upon
such Lender funding its First Amended and Restated Effective Date
Advance.  Immediately after giving effect to the making of the
First Amended and Restated Effective Date Advance, the aggregate
amount of all obligations outstanding, will equal $5,000,000.

Borrowings made under the credit facility will bear interest at a
rate of 10.25% per annum for the period from Sept. 22, 2017 through
and including March 22, 2018, 10.75% per annum for the period from
March 23, 2018 through and including Sept. 22, 2018 and 11.75% per
annum for the period from Sept. 23, 2018 and thereafter.  The
credit facility will mature on Jan. 2, 2020 (subject to an earlier
maturity date of Sept. 14, 2018 if certain indebtedness remains
outstanding at such time), unless terminated earlier.

On Dec. 21, 2017, the Issuer entered into Amendment No. 1 to the
New Credit Agreement among the Borrower, the Issuer and the other
guarantors party thereto, the lenders party thereto, including WMP,
WCP and a certain other WA Private Fund, and the New Agent. The
Credit Agreement Amendment, among other things, (i) increases the
maximum amount of borrowings under the Credit Agreement to $20
million (from $16 million), and (ii) adds new lenders to the Credit
Agreement and the other loan documents related thereto.

       Waiver and Consent to Credit and Security Agreement

On Dec. 21, 2017, the Borrower, the Issuer and the other guarantors
party thereto, the lenders party thereto, including WMP, WCP and a
certain other WA Private Fund, and the New Agent entered into a
waiver and consent to the New Credit Agreement pursuant to which
the lenders thereto consented to (subject to the satisfaction of
certain conditions specified in the Credit Waiver and Consent),
and, solely to permit the consummation of the 2017 Restructuring
Transaction, waived compliance with the provisions of the New
Credit Agreement that prohibit the 2017 Restructuring Transaction,
provided that the consent and waiver will be null and void ab
initio upon termination of the 2017 RSA.

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

                      https://is.gd/1FnFYu

                 About SAExploration Holdings

Based in Houston, Texas, SAExploration Holdings, Inc. (NASDAQ:SAEX)
-- http://www.saexploration.com/-- is an internationally-focused
oilfield services company offering a full range of
vertically-integrated seismic data acquisition and logistical
support services in Alaska, Canada, South America, and Southeast
Asia to its customers in the oil and natural gas industry.  In
addition to the acquisition of 2D, 3D, time-lapse 4D and
multi-component seismic data on land, in transition zones between
land and water, and offshore in depths reaching 3,000 meters, the
Company offers a full-suite of logistical support and in-field data
processing services.  The Company operates crews around the world
that are supported by over 29,500 owned land and marine channels of
seismic data acquisition equipment and other leased equipment as
needed to complete particular projects.

SAExploration reported a net loss attributable to the Company of
$25.03 million for the year ended Dec. 31, 2016, a net loss
attributable to the Company of $9.87 million for the year ended
Dec. 31, 2015, and a net loss attributable to the Company of $41.75
million for the year Dec. 31, 2014.  The Company's balance sheet at
Sept. 30, 2017, showed $158.62 million in total assets, $143.33
million in total liabilities and $15.28 million in total
stockholders' equity.

                          *     *     *

In June 2016, S&P Global Ratings lowered its corporate credit
rating on SAExploration Holdings to 'CC' from 'CCC-'.  At the same
time, S&P lowered the issue-level rating on the company's senior
secured notes to 'CC' from 'CCC-'.  The outlook remains negative.
The downgrade follows SAExploration's announcement that it plans to
launch an exchange offer to existing holders of its 10% senior
secured notes for shares of common equity and a new issue of
second-lien notes.  Following the rating action, S&P withdrew the
corporate credit and issue-level ratings at the company's request.

In September 2016, Moody's Investors Service withdrew
SAExploration's 'Caa2' Corporate Family Rating and other ratings.
Moody's withdrew the rating for its own business reasons, as
reported by the TCR on Sept. 13, 2016.


SCANA CORP: Fitch Revises Rating Watch on 'BB+' IDR to Evolving
---------------------------------------------------------------
Fitch Ratings has revised the Rating Watch on the Long-Term Issuer
Default Ratings (IDRs) of SCANA Corp. (SCANA; BB+) and its
subsidiaries South Carolina Electric and Gas Co (SCE&G; BBB-) and
Public Service Company of North Carolina (PSNC; BBB-) to Evolving
from Negative following the announcement of the proposed merger
into Dominion Energy, Inc. (Dominion; BBB+). Closing of the equity
financed transaction and concurrent resolution to the legislative
and regulatory issues surrounding the abandoned Summer nuclear
projects will enhance the credit profiles of SCANA and its
subsidiaries. Dominion's proposed nuclear solution offers
meaningful customer relief and seeks to appease a wide array of
stakeholders while preserving SCE&G's regulatory approved capital
structure. Nonetheless, the legislative and regulatory conditions
to the closing of the transaction could fail to be satisfied and
failure to consummate the merger would once again expose SCANA to
increased credit risk.  

Fitch expects to resolve the Rating Watch close to completion of
the merger transaction. A successful closing of the merger,
combined with approval of the proposed nuclear solution, would
likely lead to a one notch upgrade of SCE&G's ratings. Fitch would
consider a two-notch upgrade of SCE&G's ratings if the regulatory
construct improved sufficiently and a clear path to adjusted debt
to EBITDA declining below 3.5x existed.

KEY RATING DRIVERS

Acquisition by Dominion: The merger with Dominion, as currently
proposed, would strengthen SCANA's credit profile as it would bring
SCANA into the fold of a large, financially stronger, predominantly
regulated utility holding company as well as resolve most of the
uncertainty surrounding the recovery of the stranded nuclear
assets. A fully equity financed transaction and additional equity
support to shore up, if needed, SCE&G's capital structure following
write-offs and/or refunds is positive for SCANA and SCE&G's
post-merger credit profiles. Fitch estimates that SCE&G's adjusted
debt /EBITDA could stabilize in the 3.5x-4.0x range, which would be
consistent with a long-term IDR of 'BBB'.

Challenging Regulatory and Legislative Environment: The current
ratings of SCANA and its subsidiaries reflect the sharp
deterioration in the operating environment in South Carolina since
July 2017. On-going regulatory proceedings, proposed adverse
legislations in the South Carolina House and Senate, questions
surrounding the constitutionality of the Base Load Review Act
(BLRA) as well as ongoing criminal investigation currently cloud
SCANA's long-term EBITDA generation potential. Dominion's proposed
nuclear solution, inclusive of $1.3 billion refunds to customers,
5% rate reduction and $1.7 billion of asset write-offs, could
resolve most of these risks. However, it remains uncertain if any
or all of these proceedings will be suspended while the proposed
acquisition is reviewed. In addition, Fitch remains concerned about
the general constructiveness of the regulatory regime in South
Carolina over the medium term, even after a satisfactory recovery
mechanism for the stranded nuclear investment is achieved.

Parent/Subsidiary Rating Linkage:  Fitch currently rates SCE&G and
PSNC one-notch above SCANA. Fitch expects to equalise the ratings
of SCANA to those of SCE&G and PSNC following an acquisition by
Dominion, given the presence of a stronger ultimate parent and the
expectation of gradual extinction of SCANA-level debt.

DERIVATION SUMMARY

SCE&G is a vertically integrated regulated utility company
operating exclusively in South Carolina. SCE&G's credit profile is
constrained by the heightened regulatory and legislative risk
related to the abandonment of its nuclear expansion project. SCE&G
has a smaller scale and balance sheet than Georgia Power Company
(A/Negative Watch), who undertook similar new nuclear construction
risk. SCE&G and Dayton Power & Light Company (DP&L) (BBB-/Positive)
both operate regulated assets with evolving regulatory constructs.
SCE&G's IDR is equal to that of DP&L, despite slightly weaker
credit metrics, as the regulatory construct in Ohio is currently
more constructive than in South Carolina.

SCANA, as a stand-alone entity with the current nuclear recovery
uncertainty, is weakly positioned compared to IPALCO Enterprises,
Inc.'s (BB+/Positive), given the more constructive and predictable
regulatory environment of IPALCO's subsidiary, Indianapolis Power
and Light Company (BBB-/Positive). IPALCO's greater earnings and
cash flow visibility more than offset its higher proportion of
parent-level debt. SCANA has a slightly more favorable business
profile as compared to DPL, Inc. (BB/Positive) given its
predominant regulated operations. DPL is exposed to commodity risk
though the generation assets owned by AES Ohio Generation LLC, a
non-regulated subsidiary. However, Ohio's regulatory construct,
while still in transition, is more constructive than what is
playing out in South Carolina. In addition, Ohio regulators
continue to demonstrate a willingness to take actions to protect
the financial integrity of its utilities.

KEY ASSUMPTIONS

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

-- Completion of the merger into Dominion Energy, Inc., as per
    the proposed terms;
-- Regulatory approval of the proposed nuclear solution including

    of $1.3 billion of customer rebates, $1.7 billion write-off of

    nuclear assets, and additional 5% rate reduction;
-- Equity infusions into SCE&G as needed to maintain a debt to
    capital ratio roughly consistent with the approved regulatory
    structure.

RATING SENSITIVITIES

RATING SENSITIVITIES FOR SCANA

Positive Rating Action:
The ratings could be upgraded by two to three notches if the merger
into Dominion closes as proposed and the issues surrounding the
abandoned nuclear plants are resolved. Fitch would equalise the IDR
of SCANA with that of SCE&G given the ownership by a stronger
ultimate parent and the expectation of gradual extinction of
SCANA-level debt.

Negative Rating Action:

Future developments that may, individually or collectively, lead to
a negative rating action include:

-- The merger with Dominion fails to close;
-- Availability under committed liquidity facilities and
    anticipated internally generated cash flows falling short of
    expected obligations due in the next 12-18 months;
-- Unfavorable terms for the recovery of stranded costs and/or
    material unrecoverable costs;
-- Adjusted debt/EBITDAR consistently and materially exceeding
    5.5x;
-- Ring-fencing provisions that restrict cash inflows from SCE&G
    to SCANA.

RATING SENSITIVITIES FOR SCE&G

Positive Rating Action:
The ratings could be upgraded by one notch, including long-term IDR
to 'BBB', if the merger into Dominion and resolution of new nuclear
issues result in SCE&G's adjusted debt/EBITDAR stabilizing around
3.5x-4.0x. The long-term IDR could be upgraded to 'BBB+' if the
regulatory construct improved materially and there is a clear
commitment to maintaining adjusted debt / EBITDA below 3.5x.

Negative Rating Action:

Future developments that may, individually or collectively, lead to
a negative rating action include:

-- The merger with Dominion fails to close;
-- Availability under committed liquidity facilities and
    anticipated internally generated cash flows falling short of
    expected obligations due in the next 12-18 months.
-- Unfavorable terms for the recovery of stranded costs, and/or
    material unrecoverable costs;
-- Continued deterioration in the regulatory and legislative
    environment in South Carolina;
-- Adjusted debt/EBITDAR consistently and materially exceeding
    5.0x.

RATING SENSITIVITIES FOR PSNC

Positive Rating Action:
Positive rating action is predicated upon a rating upgrade of SCANA
given PSNC's rating linkage with its parent. Fitch could widen the
rating differential between the IDRs of PSNC and SCANA if strong
ring-fencing provisions were enacted.

Negative Rating Action:
Given the strength of the credit metrics for the current ratings, a
downgrade of parent SCANA below the current 'BB+' represents the
greatest likelihood of a PSNC downgrade. While less likely given
the headroom, a downgrade could also occur if adjusted debt/EBITDAR
exceeds 5.5x on a sustained basis.

LIQUIDITY

SCANA has adequate financial flexibility, under Fitch's base case
scenario, to meet its obligations over the next 12 months without
accessing the capital markets. As of Sept. 30, 2017, SCANA had
about $364 million available under its $400 million five-year
credit agreement (expiring in December 2020) while SCE&G (inclusive
of South Carolina Fuel Co.'s facilities) had $455 million available
under $1.4 billion of consolidated committed credit agreements
($1.2 billion maturing in December 2020 and $200 million maturing
in December 2018). Additionally, SCE&G held $1 billion in cash and
equivalents at quarter-end, reflecting proceeds from the
monetization of the Toshiba guarantee, which were intended to pay
down commercial paper borrowings during fourth-quarter 2017.

Materially adverse scenarios such as the permanent suspension of
BLRA revenues and write-down of all stranded assets, or in an
extreme scenario, requirement for SCE&G to refund to customers the
$1.8 billion collected to date under the BLRA, could create
significant liquidity concerns and constrain access to capital.

FULL LIST OF RATING ACTIONS

Fitch has revised the Rating Watch to Evolving from Negative for
the following ratings:
SCANA Corporation

-- Long-term IDR of 'BB+';
-- Senior unsecured debt of 'BB+';
-- Short-term IDR of 'B'.
-- Commercial paper of 'B'.

South Carolina Electric & Gas Co.

-- Long-term IDR of 'BBB-';
-- First mortgage bonds of 'BBB+';
-- Senior unsecured debt of 'BBB';
-- Short-term IDR of 'F3';
-- Commercial paper of 'F3'.

Public Service Company of North Carolina, Inc.

-- Long-term IDR of 'BBB-';
-- Senior unsecured debt of 'BBB';
-- Short-term IDR of 'F3';
-- Commercial paper of 'F3'.

South Carolina Fuel Company

-- Commercial paper of 'F3'.


SCIENTIFIC GAMES: Acquires NYX Gaming Group
-------------------------------------------
Scientific Games Corporation has completed the acquisition of NYX
Gaming Group Limited.

In connection with the completion of the acquisition, the NYX
ordinary shares are expected to be delisted from the TSX Venture
Exchange on or before the close of business on Jan. 10, 2018.

"Today, Scientific Games moves forward as a leading digital
provider of sports betting, iGaming and iLottery technologies,
platforms, content, products and services," said Kevin Sheehan,
Scientific Games chief executive officer and president.  "As we
look to 2018, we are truly excited by the opportunities that this
acquisition presents to us."

Together, Scientific Games, a world leader offering customers a
fully integrated portfolio of technology platforms, robust systems,
engaging content and services, and NYX, one of the fastest growing
B2B real-money digital gaming and sports betting platforms in the
world, form an industry-leading force across iGaming, iLottery and
Sports.  Scientific Games will now be perfectly positioned to
capitalize on future regulatory developments in real-money wagering
and sports betting by adding NYX's industry-leading OpenBet
Sportsbook.  NYX's digital Sportsbook can be seamlessly delivered
throughout Scientific Games' global gaming and lottery networks in
existing and future regulated U.S. and global markets.

In addition, NYX's worldwide channels, markets and customer base
offer new growth opportunities to build on the significant momentum
of Scientific Games' existing interactive gaming business.  The
transaction will be accretive to earnings and cash flow this year.

                    About Scientific Games

Based in Las Vegas, Nevada, Scientific Games Corporation (NASDAQ:
SGMS) -- http://www.scientificgames.com/-- is a developer of
technology-based gaming systems, table games, table products and
instant games and a leader in products, services and content for
gaming, lottery and interactive gaming markets.  Scientific Games
delivers what customers and players value most: trusted security,
creative content, operating efficiencies and innovative technology.
Today, the Company offers customers a fully integrated portfolio
of technology platforms, robust systems, engaging content and
unrivaled professional services.

Scientific Games reported a net loss of $353.7 million in 2016, a
net loss of $1.39 billion in 2015 and a net loss of $234.3 million
in 2014.  Scientific Games had $7.06 billion in total assets, $9.03
billion in total liabilities and a $1.97 billion total
stockholders' deficit.


SEADRILL LTD: U.S. Trustee Says Plan Disclosures Inadequate
-----------------------------------------------------------
Henry G. Hobbs, Jr., the Acting United States Trustee for Region 7,
including the Southern and Western Districts of Texas, asks the
U.S. Bankruptcy Court for the Southern District of Texas to dismiss
the information provided by drilling rig firm Seadrill Limited
about its restructuring plan as inadequate.

Among other things, the UST says the Debtors' Disclosure Statement
(and Plan) incorrectly classifies the Credit Facility Lenders' (the
"Banks") Credit Agreement Unsecured Claims with the general
unsecured claims, when they are not substantially similar.

The Debtors' Disclosure Statement sets the Banks' claims at $5.662
billion.  The Debtors have classified the Bank's claims as both
secured and unsecured. Under the Disclosure Statement and Plan, the
secured claims will receive amended credit facilities and the
unsecured claims, including unsecured guaranty or co-obligor
claims, will take nothing.  However, the Disclosure Statement and
Plan provide that all Credit Agreement Unsecured Claims will be
allowed in full and the Banks will be authorized to vote the full
amount of the Credit Agreement Unsecured Claims.

11 U.S.C Section 1122(a) provides that claims or interests may be
placed within the same class if they are substantially similar.

According to the U.S. Trustee, the Banks' Credit Agreement
Unsecured Claims are dissimilar from the other unsecured claims in
that the Banks will take nothing, yet they retain full voting
rights and arguably control the class vote.

The Court, which has to approve the disclosure statement before the
Plan can be put to a vote by creditors, is scheduled to hold a
hearing on Jan. 10, 2018, at 10:00 a.m.

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

     http://bankrupt.com/misc/Seadrill_869_DS_Obj.pdf

                     About Seadrill Ltd

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 employed 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 United States 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")
commenced liquidation proceedings in Bermuda to appoint joint
provisional liquidators and facilitate recognition and
implementation of the transactions contemplated by the RSA and
Investment Agreement, and Simon Edel, Alan Bloom and Roy Bailey of
Ernst & Young are to act as the joint and several provisional
liquidators.

In the Chapter 11 cases, the Company has engaged Kirkland & Ellis
LLP as legal counsel, Houlihan Lokey, Inc. as financial advisor,
and Alvarez & Marsal as restructuring advisor.  Slaughter and May
has been engaged as corporate counsel, and Morgan Stanley served as
co-financial advisor during the negotiation of the restructuring
agreement.  Advokatfirmaet Thommessen AS is serving as Norwegian
counsel.  Conyers Dill & Pearman is serving as Bermuda counsel.
Prime Clerk serves as claims agent.


SHEFA LLC: Not Required to Deed Property to Southfield City
-----------------------------------------------------------
Judge Thomas J. Tucker of the U.S. Bankruptcy Court for the Eastern
District of Michigan denied the City of Southfield's motion to
compel consummation of Shefa, LLC's confirmed plan of
reorganization.

The Debtor in this Chapter 11 case, Shefa, obtained confirmation of
a plan on Feb. 19, 2016, and the case was closed on Feb. 6, 2017.
This case was reopened on Oct. 11, 2017, to resolve a dispute
between the Debtor and the City of Southfield, Michigan. The
dispute requires the Court to interpret and apply certain terms of
the confirmed Plan.

The dispute concerns real property owned by the Debtor, located at
16400 J.L. Hudson Drive, Southfield, Michigan. The Property is the
site of a 14-story, 427 room hotel built in 1974 on nine acres,
known at different times as the Plaza Hotel and the Michigan Inn.
The Property has been vacant and shuttered since October 2010. The
Debtor acquired the Property in 2009.

The Debtor filed this Chapter 11 case on Feb. 25, 2014. At that
time, no real estate taxes had been paid on the Property since
2005, and no payments for water and sewerage charges had been made
since July 2009. As of the petition date, the Debtor owed Oakland
County a total of $3.787 million, consisting of $1.917 million in
delinquent real estate taxes plus $1.87 million for water and
sewerage charges. Two years after filing this case, and after
considerable litigation and two extensive mediation sessions, the
Debtor was able to confirm a consensual Chapter 11 plan, on Feb.
19, 2016. The confirmed Plan contemplated, among other things, that
the Debtor would make a substantial payment to Oakland County, and
obtain financing in order to renovate and reopen the Property as a
hotel.

The City's motion to compel consummation of the confirmed plan
seeks an order requiring the Debtor to deed the Property to the
City. And in the event the Debtor fails to obey such an order, the
motion seeks an order of this Court directly transferring the
Property to the City. The motion alleges that the relief requested
is "consistent with the requirements set forth in the" Feb. 19,
2016 Confirmation Order. This is so, the City alleges, because of
events of default by the Debtor under the terms of the Confirmation
Order.

The Debtor argues that there has been no event of default that
permits any relief in favor of the City. And even if there were any
such event of default, the Debtor contends, the City is not
entitled to the relief it seeks.

The Court concludes that it must deny the motion, for two
independent reasons. First, the City has not demonstrated that
there has been an "Event of Default" by the Debtor under the terms
of the Confirmation Order. Second, even if there had been such an
"Event of Default," the City is not entitled to the relief it
requests.

A full-text copy of the Court's Opinion dated Dec. 22, 2017 is
available at:

     http://bankrupt.com/misc/mieb14-42812-240.pdf

Based in Southfield, Miami, Shefa, LLC filed for chapter 11
bankruptcy protection (Bankr. E.D. Mich. Case No. 14-42812) on Feb.
25, 2014, with estimated assets of $500,000 to $1 million and
estimated liabilities of $1 million to $10 million. The petition
was signed by Sidney Elhadad, principal.


SHEPHERD UNIVERSITY: Appointment of B. Sharp as Trustee Approved
----------------------------------------------------------------
Judge Sheri Bluebond of the U.S. Bankruptcy Court for the Central
District of California approved the appointment of Bradley Sharp as
Trustee for the bankruptcy estate of Shepherd University.

The U.S. Trustee previously asked the Court to approve the
appointment of Bradley Sharp as Trustee in the bankruptcy case of
Shepherd University.

The U.S. Trustee is represented by:

                 Jill M. Sturtevant, Esq.
                 Assistant United States Trustee
                 Ron Maroko, Esq.
                 Trial Attorney
                 Office Of The U.S. Trustee
                 915 Wilshire Boulevard, Suite 1850
                 Los Angeles, California 90017-5418
                 Telephone: (213) 894-4520
                 Facsimile: (213) 894-2603
                 Email: ron.maroko@usdoj.gov

                    About Shepherd University

Shepherd University -- http://www.shepherduniversity.edu/-- was
established in Los Angeles in August 1999 by Dr. Richard Cornel
Rhee to serve the community in Southern California.  Dr. Rhee
founded the school in collaboration with a faculty of scholars and
professionals, envisioning the purpose of educating in nursing,
music, information technology and theology at the current location.
The Campus of Shepherd University consists of 83,600-square-foot
building, 5.87-acre campus space and more than 325 parking spots
located in the section of Los Angeles near downtown.

Shepherd University sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. C.D. Cal. Case No. 17-19964) on Aug. 14,
2017.  Shalom Kim, its president, signed the petition.  At the time
of the filing, the Debtor estimated assets and liabilities of $1
million to $10 million.  Judge Sheri Bluebond presides over the
case.  Jaenam Coe, Esq., at the Law Offices of Jaenam Coe PC, in
Los Angeles, California, serves as counsel to the Debtor.


SMG HOLDINGS: S&P Assigns 'B' CCR Amid Onex Corp Transaction
------------------------------------------------------------
U.S. venue management group SMG Holdings Inc. (SMG) announced it
has entered into an agreement to be acquired by financial sponsor
Onex Corp. SMG will refinance its existing debt and take on
incremental debt partly to fund this transaction.

S&P Global Ratings assigned its 'B' corporate credit rating on
Conshohocken, Pa.-based SMG Holdings Inc. The outlook is negative.

S&P said, "At the same time, we assigned our 'B+' issue-level
rating to SMG's proposed first-lien credit facility, which consists
of a $55 million revolving credit facility due 2023 and a $395
million first-lien term loan due 2025. The recovery rating on the
proposed first-lien credit facility is '2', reflecting our
expectation for substantial (70%-90%; rounded estimate: 75%)
recovery for lenders in the event of a payment default. We also
assigned our 'CCC+' issue-level rating to the proposed $200 million
second-lien term loan due 2026. The recovery rating on this debt is
'6', indicating our expectation for negligible (0% to 10%; rounded
estimate: 5%) recovery for lenders in the event of a payment
default.

"It is our understanding that the initial borrower of the revolving
credit facility will be SMG Merger Sub Inc., which subsequently
will merge into and will be survived by SMG. The borrowers of the
first-lien term loan and second-lien term loan will be SMG Merger
Sub, Inc., which subsequently will merge into and will be survived
by SMG and SMG US Midco 2 Inc. (an intermediate holding company
parent). SMG and SMG US Midco 2 Inc. are jointly and severally
liable for the first-lien credit facility, and we assess the
revolver and first-lien term loan as pari passu and therefore
assign to them the same issue-level rating.

"Despite SMG's very highly leveraged financial risk as a result of
incremental debt to complete the acquisition, we assigned our 'B'
corporate credit rating to the company because we expect it will
have adequate liquidity and stable operating performance. This
should enable the company to modestly increase EBITDA and repay
debt balances in a manner that reduces our measure of
lease-adjusted debt to EBITDA to below 8.5x by 2019. In our view,
SMG's operating stability stems from its good competitive position
in the venue management industry and revenue visibility, which will
likely result in a low volatility of profitability over time. We
expect these factors will enable SMG to generate modest
discretionary cash flow for debt repayment and chart a plausible
path for de-leveraging over our base-case forecast period. At the
same time, SMG's highly leveraged capital structure is vulnerable
to low-probability adverse events, such as the loss of one or more
key customer contracts that would potentially result in impaired
operating cash flow and weakened interest coverage. As a result,
the rating outlook is negative.

"The negative outlook reflects SMG's very high leverage based on
our measure of adjusted debt to EBITDA, weakened interest coverage
as a result of incremental debt to complete the acquisition and
compared to other issuers at this ratings level, and modest
discretionary cash flow for debt repayment through 2019. As a
result, we believe there is a low margin for error in operating
performance and a significant burden on debt repayment over the
next few years in order for SMG to reduce our measure of leverage
below our 8.5x threshold.

"We could lower our rating if operating performance and debt
repayment at SMG meaningfully underperforms our expectations,
resulting in an elongated path to de-levering to below 8.5x
adjusted debt to EBITDA or adjusted EBITDA coverage of interest
expense sustained below 1.5x. Although not anticipated in our base
case forecast, this could result from the loss of one or more key
customer contracts and lower than anticipated operating cash flow,
leading to lower interest coverage and thinner liquidity.

"We could revise the outlook to stable once we are confident SMG
can sustain adjusted debt to EBITDA below 8.5x. An upgrade is
unlikely given SMG's financial sponsor ownership and highly
leveraged financial risk. However, we could raise the rating by one
notch if SMG sustains total lease-adjusted debt to EBITDA under
6.5x."


SPARTAN BUSINESS: Case Summary & 19 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: Spartan Business & Technology Services, Inc.
        1940 Duke Street, Suite 200
        Alexandria, VA 22314

Type of Business: Spartan is a privately owned company that
                  provides business management and information
                  technology solutions to government, non-profit
                  and service organizations.  The company's
                  capabilities include, but are not limited to:
                  acquisition, logistics & IT systems management;
                  business process improvement & business process
                  reengineering; governance, compliance &
                  performance; healthcare documentation &
                  training; information assurance & access
                  management; IT portfolio management; logistics
                  lifecycle cost studies & implementation; medical

                  and laboratory research; organizational
                  development;  performance-and-evidence-based
                  budgeting; professional and management
                  developmental training; professional healthcare
                  management & health information technology
                  analysis; and program and project management.  
                  The company is headquartered in Alexandria,
                  Virginia.

Chapter 11 Petition Date: January 4, 2018

Court: United States Bankruptcy Court
       Eastern District of Virginia (Alexandria)

Judge: Hon. Klinette H. Kindred

Debtor's Counsel: Justin Marcus Reiner, Esq.
                  AXELSON, WILLIAMOWSKY, BENDER & FISHMAN, P.C.
                  1401 Rockville Pike, Suite 650
                  Rockville, MD 20852
                  Tel: 301-738-7679
                  E-mail: jmr@awbflaw.com

Debtor's
Accountant:       MICHELLE HECKER & STITELY & KARSTETTER, PLLC

Total Assets: $50,889

Total Liabilities: $2.20 million

The petition was signed by Lorenzo Downing, president/secretary.

A copy of the Debtor's list of 19 largest unsecured creditors is
available for free at:

       http://bankrupt.com/misc/vaeb18-10032_creditors.pdf

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

           http://bankrupt.com/misc/vaeb18-10032.pdf


SUNRISE REAL: Posts $9.43 Million Q3 2016 Net Income
----------------------------------------------------
Sunrise Real Estate Group, Inc. filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q reporting net
income of $9.43 million on $1.11 million of net revenues for the
three months ended Sept. 30, 2016, compared to a net loss of $2.85
million on $1.36 million of net revenues for the three months ended
Sept. 30, 2015.

For the nine months ended Sept. 30, 2016, Sunrise Real reported net
income of $18.40 million on $4.06 million of net revenues compared
to a net loss of $6.80 million on $3.71 million of net revenues for
the nine months ended Sept. 30, 2015.

The Company's balance sheet as of Sept. 30, 2016, showed $132.42
million in total assets, $123.71 million in total liabilities and
$8.70 million in total shareholders' equity.

In the first three quarter of 2016, the Company's principal sources
of cash were revenues from its agency sales, receipts in advance
from real estate development projects and property management
business.  Most of its cash resources were used to fund its
property development investment and revenue related expenses, such
as salaries and commissions paid to the sales force, daily
administrative expenses and the maintenance of regional offices.

The Company ended the period with a cash position of $10,992,765.

The Company's operating activities provided cash in the amount of
$18,939,915, which was primarily attributable to the receipts in
advance from real estate property development.

The Company's investing activities provided cash resources of
$7,586,281, which was primarily attributable to the disposal of
office property of fixed assets.

The Company's financing activities used cash resources of
$16,116,531, which was primarily attributable to repayments of bank
loan and promissory notes.

The potential cash needs for 2016 will be the repayments of the
Company's bank loans and promissory notes, the rental guarantee
payments and promissory deposits for various property projects as
well as its development projects in Wuhan, GXL project and Linyi.

The Company currently has three bank loans payable, including a
$449,250 (RMB3,000,000) loan and $11,081,494 (RMB74,000,000) loan.
The RMB3,000,000 loan has been extended to March 2017.  The
RMB74,000,000 loan will mature in December 2017 and has been repaid
continually with the collection of GXL project pro-sales. Another
loan balance of $7,138,549 (RMB47,669,802) has been extended for
another three years matured in March 2019.

As of Sept. 30, 2016, promissory notes in the principal amount of
$1,434,242 were in default compared to promissory notes in the
principal amount of $1,461,412 that were in default as of Dec. 31,
2015.

According to Sunrise Real, "Taking into account of our cash
position, available credit facilities and cash generated from
operating activities, we believe that we have sufficient funds to
operate our existing business for the next twelve months.  If our
business otherwise grows more rapidly than we currently predict, we
plan to raise funds through the issuance of additional shares of
our equity securities in one or more public or private offerings.
We will also consider raising funds through credit facilities
obtained with lending institutions.  There can be no guarantee that
we will be able to obtain such funds through the issuance of debt
or equity or obtain funds that are with terms satisfactory to
management and our board of directors."

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

                     https://is.gd/Z0v0FM

                   About Sunrise Real Estate

Headquartered in Shanghai, the People's Republic of China, Sunrise
Real Estate Group, Inc., and its subsidiaries' principal activities
are real estate development and property brokerage services,
including real estate marketing services, property leasing
services; and property management services in the People's Republic
of China.

Sunrise Real reported a net loss of US$6.72 million for the year
ended Dec. 31, 2015, compared to a net loss of US$5.21 million for
the year ended Dec. 31, 2014.

RH, CPA, in Bayside, NY, issued a "going concern" opinion in its
report on the consolidated financial statements for the year ended
Dec. 31, 2015, noting that the Company has a working capital
deficiency, accumulated deficit from recurring net losses for the
current and prior years, and significant short-term debt
obligations currently in default or maturing in less than one year.
These conditions raise substantial doubt about its ability to
continue as a going concern.


SUNSET PARTNERS: Trustee Needs Access to Cash Until Jan. 31
-----------------------------------------------------------
Lynne Riley, the duly appointed Chapter 11 trustee of Sunset
Partners, Inc. and Chapter 7 trustee of Bema Restaurant
Corporation, seeks authorization the U.S. Bankruptcy Court for the
District of Massachusetts to continue its use of cash collateral
for the period from Jan. 4, 2018 to Jan. 31, 2018, on essentially
the same terms as the existing cash collateral order entered in
this case.

Sunset Partners' restaurant operations require payment of certain
ongoing expenses, including wages, supplies and other expenses. The
Trustee seeks to continue operations, and accordingly seeks
emergency access to cash collateral.

The Court has previously entered a series of orders authorizing the
Debtors' use of cash collateral. As such, the Trustee seeks
continued use of cash collateral, on essentially the same terms as
the Trustee's actual use, for the 4-week period ending Jan. 30,
2018, and to set deadlines for further proceedings regarding the
use of cash collateral before that date.

Since the granting of the prior cash collateral order, the Trustee
closed two of the Debtors' restaurants and agreed to the conversion
of the Bema Restaurant case to Chapter 7 proceedings.  Following
this, the Trustee and her accountants and manager developed a
budget for the continued operation of the Sunset Cantina restaurant
located at 916 Commonwealth Avenue, Brookline, MA.

As of the Petition Date, Sunset Partners owes Harold Brown
approximately $4,200,000 and Bema owes Harold Brown approximately
$3,246,000 -- certain of these amounts are co-obligations of both
Debtors.  The obligation to Brown is secured by lien on all of the
Debtors' assets, although the lien on the Debtors' three alcohol
licenses was not properly perfected as of the Petition Date.

Sunset Partners also owed American Express Bank, FSB, approximately
$125,000, as of the Petition Date, which obligation is secured by a
lien on all of the Debtor's assets, although the lien on the
Debtors' three alcohol licenses was not properly perfected as of
the Petition Date.

The DOR filed four separate tax liens against the Sunset Partners'
property.  As of the Petition Date, the DOR was owed approximately
$446,500 by Sunset Partners which is alleged to be secured, and
approximately $72,500 by Bema alleged to be secured.

The Massachusetts Department of Unemployment Assistance alleges
that Sunset Partners owes it approximately $71,600 on a secured
basis, and that Bema owes it approximately $49,970 on a secured
basis.

Moreover, in April of 2014, the Sunset Partners entered into an
agreement with Lenox-Martell, Inc. for the purchase of a soda mix
system, a beer line cleaning system, and a mixed gas generator.
The Lenox-Martell Obligation is secured by the Lenox-Martell
Equipment.  As of the Petition Date, Lenox-Martell was owed
approximately $7,700.

Additionally, in June 2014, the Debtor entered into agreement with
US Foods, Inc. for ongoing purchase and delivery of various goods,
inventory, and equipment. The US Foods Obligation is secured by the
US Foods Inventory. As of the Petition Date, US Foods was owed
approximately $25,000.

The Trustee believes that the continued operation of the Sunset
Cantina is expected to yield a substantially higher value for the
assets securing the Secured Creditors' claims.  As further adequate
protection, the Trustee proposes to provide continuing replacement
liens and security interests in the post-petition accounts
receivable (if any) to the Secured Creditors to same validity and
extent and priority that they would have had in the absence of the
bankruptcy filing.

The proposed budget provides operating expenses in the aggregate
sum of $371,198 covering the week ending Dec. 26, 2017 through week
ending Jan. 30, 2018.  The proposed budget sets forth the Trustee's
projections for the 4-week period ending Jan. 30, 2018.  The
proposed budget also shows the expected results of operations,
without projecting the effect of a sale of any of the restaurants.


Prior to the Trustee's appointment, the Debtors had received
agreement from their landlords to defer certain rent payments. The
Trustee has reached an agreement to reduce use and occupancy
payment to the Sunset Cantina landlord as reflected in the Budget.

A full-text copy of the Trustee's Motion is available at:

         http://bankrupt.com/misc/mab17-12178-181.pdf

Chapter 11 Trustee is represented by:

               John T. Morrier, Esq.
               Lynne F. Riley, Esq.
               John T. Morrier, Esq.
               David Koha, Esq.
               CASNER & EDWARDS, LLP
               303 Congress Street
               Boston, MA 02210
               Tel: (617) 426-5900
               Fax(617) 426-8810
               E-mail: morrier@casneredwards.com

                      About Sunset Partners

Sunset Partners, Inc., is a Massachusetts corporation that owns and
operates two Boston area restaurants: the Sunset Grill & Tap
located at 130 Brighton Avenue, Allston, MA; and, the Sunset
Cantina located at 916 Commonwealth Avenue, Brookline, MA.

Affiliate Bema Restaurant Corporation, d/b/a Patron's, is a
Massachusetts corporation that owns and operates a Boston area
restaurant called Patrons, which is located at 138 Brighton Avenue,
Allston, Massachusetts.

Sunset Partners filed for Chapter 11 bankruptcy protection (Bankr.
D. Mass. Case No. 17-12178) on June 7, 2017, disclosing $1.05
million in total assets and $5.67 million in total liabilities.  

Bema Restaurant Corporation filed a Chapter 11 petition (Bankr. D.
Mass. Case No. 17-12434) on June 29, 2017, disclosing $1.12 million
in assets and $4.45 million in liabilities.  Marc Berkowitz,
president, signed the petitions.  

The cases are jointly administered and assigned to Judge Joan N.
Feeney.

David B. Madoff, Esq., and Steffani Pelton Nicholson, Esq., at
Madoff & Khoury LLP, served as bankruptcy counsel to the Debtors.
Verdolino & Lowey, P.C., served as the Debtors' accountant.

On Sept. 25, 2017, Lynee F. Riley was appointed as the Chapter 11
trustee to the Debtors.  The Trustee retained Casner & Edwards LLP
as counsel.


SURPRISE VALLEY: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Surprise Valley Health Care District
        PO Box 246
        Cedarville, CA 96104

Type of Business: Surprise Valley Health Care District --
                  http://www.svhospital.org-- consists of the  
                  Surprise Valley Community Hospital and the
                  Surprise Valley Clinic.  Surprise Valley is
                  located in Cedarville, California in Modoc
                  County.  It serves four towns and two Native
                  American groups in Surprise Valley - Ft.
                  Bidwell, The Warner Mountain Indians, Lake
                  City, Cedarville, the Cedarville Rancheria,
                  and Eagleville.  Its hospital has 26 beds -
                  22 skilled nursing beds, 1 acute beds, and 3
                  swing beds.  It also has an emergency room
                  with a physician on stand-by 24 hours a day.

Chapter 11 Petition Date: January 4, 2018

Case No.: 18-20070

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

Debtor's Counsel: Catherine M. Castaldi, Esq.
                  BROWN RUDNICK LLP
                  2211 Michelson Dr 7th Fl
                  Irvine, CA 92612
                  Tel: 949-752-7100
                  E-mail: ccastaldi@brownrudnick.com

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Jennifer R. Hanor, chief executive
officer.

A full-text copy of the petition, along with a list 19 largest
unsecured creditors, is available for free at
http://bankrupt.com/misc/caeb18-20070.pdf


TAKATA CORP: Recalls Another 3.3-Mil. Air Bags Under U.S. Order
---------------------------------------------------------------
Craig Trudell at Bloomberg News reports that airbag maker Takata
Corp. recalled an additional 3.3 million faulty air bags as part of
a U.S. order that scheduled repairs of the potentially deadly
devices over several years.

Bloomberg News reports that the Japanese supplier identified at
least 15 automakers that purchased the air bags, including Toyota
Motor Corp., Honda Motor Co., General Motors Co., BMW AG and Tesla
Inc.  Takata said it will work with the companies to develop a
remedy for each of their vehicles, and urge consumers to get their
air bags replaced.

Almost two-thirds of the 31.5 million U.S. vehicles containing
defective air-bag inflators made by Takata remain unrepaired as of
mid-September, Bloomberg says, citing a November report released by
the independent monitor overseeing the recalls.  About 65 million
inflators are set to be recalled by the end of 2018 under a
National Highway Traffic Safety Administration plan to replace the
parts in phases, scheduling the riskiest parts for repair first.

                         About TK Holdings

Japan-based Takata Corporation (TYO:7312)
--http://www.takata.com/en/-- develops, manufactures and sells
safety products for automobiles. The Company offers seatbelts,
airbags, steering wheels, child seats and trim parts. Headquartered
in Tokyo, Japan, Takata operates 56 plants in 20 countries with
approximately 46,000 global employees worldwide. The Company has
subsidiaries located in Japan, the United States, Brazil, Germany,
Thailand, Philippines, Romania, Singapore, Korea, China and other
countries.

Takata Corp. filed for bankruptcy protection in Tokyo and the U.S.,
amid recall costs and lawsuits over its defective airbags. Takata
and its Japanese subsidiaries commenced proceedings under the Civil
Rehabilitation Act in Japan in the Tokyo District Court on June 25,
2017.

Takata's main U.S. subsidiary TK Holdings Inc. and 11 of its U.S.
and Mexican affiliates each filed voluntary petitions under Chapter
11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case
No.17-11375) on June 25, 2017.  Together with the bankruptcy
filings, Takata announced it has reached a deal to sell all its
global assets  and operations to Key Safety Systems (KSS) for
US$1.588 billion.

Nagashima Ohno & Tsunematsu is Takata's counsel in the Japanese
proceedings.  Weil, Gotshal & Manges LLP and Richards, Layton &
Finger, P.A., are serving as counsel in the U.S. cases.
PricewaterhouseCoopers is serving as financial advisor, and Lazard
is serving as investment banker to Takata.  Ernst & Young LLP is
tax advisor.  Prime Clerk is the claims and noticing agent. The
Debtors Meunier Carlin & Curfman LLC, as special intellectual
property counsel.

Skadden, Arps, Slate, Meagher & Flom LLP is serving as legal
counsel, KPMG is serving as financial advisor, Jefferies LLC is
acting as lead financial advisor. UBS Investment Bank also provides
financial advice to KSS.

On June 28, 2017, TK Holdings, as the foreign representative of the
Chapter 11 Debtors, obtained an order of the Ontario Superior Court
of Justice (Commercial List) granting, among other things, a stay
of proceedings against the Chapter 11 Debtors pursuant to Part IV
of the Companies' Creditors Arrangement Act. The Canadian Court
appointed FTI Consulting Canada Inc. as information officer. TK
Holdings, as the foreign representative, is represented by McCarthy
Tetrault LLP.

The U.S. Trustee has appointed an Official Committee of Unsecured
Trade Creditors and a separate Official Committee of Tort
Claimants.

The Official Committee of Unsecured Creditors has selected
Christopher M. Samis, Esq., L. Katherine Good, Esq., and Kevin F.
Shaw, Esq., at Whiteford, Taylor & Preston LLC, in Wilmington,
Delaware; Dennis F. Dunne, Esq., Abhilash M. Raval, Esq., and Tyson
Lomazow, Esq., at Milbank Tweed Hadley & McCloy LLP, in New York;
and Andrew M. Leblanc, Esq., at Milbank, Tweed, Hadley & McCloy
LLP, in Washington, D.C., as its bankruptcy counsel.  The Committee
has also tapped Chuo Sogo Law Office PC as Japan counsel.

The Official Committee of Tort Claimants selected Pachulski Stang
Ziehl & Jones LLP as counsel.  Gilbert LLP will evaluate of the
insurance policies.  Sakura Kyodo Law Offices will serve as special
counsel.

Roger Frankel, the legal representative for future personal injury
claimants of TK Holdings Inc., et al., tapped Frankel Wyron LLP and
Ashby & Geddes PA to serve as co-counsel.

Takata Corporation ("TKJP") and affiliates Takata Kyushu
Corporation and Takata Services Corporation commenced Chapter 15
cases (Bankr. D. Del. Case Nos. 17-11713 to 17-11715) on Aug. 9,
2017, to seek U.S. recognition of the civil rehabilitation
proceedings in Japan. The Hon. Brendan Linehan Shannon oversees the
Chapter 15 cases. Young, Conaway, Stargatt & Taylor, LLP, serves as
Takata's counsel in the Chapter 15 cases.


TD MANUFACTURING: Allowed to Use Cash Collateral Through March 31
-----------------------------------------------------------------
The Hon. Michael E. Romero of the U.S. Bankruptcy Court for the
District of Colorado authorized TD Manufacturing, LLC, to use cash
collateral pursuant to the Budget attached to Motion through March
31, 2018.

As adequate protection for the Debtor's use of cash collateral to
any party that holds a properly perfected security interest in the
Debtor's cash collateral:

     (a) The Debtor will provide such party with a replacement lien
on all post-petition accounts receivable to the extent that the use
of cash collateral results in a decrease in the value of such
party's interest in the cash collateral, the replacement lien to
attach to the post-petition accounts receivable in the order of
priority for each secured creditor.

     (b) The Debtor will maintain adequate insurance coverage on
all personal property assets and adequately insure against any
potential loss;

     (c) The Debtor will provide to the Bank all periodic reports
and information filed with the Bankruptcy Court or provided to the
U.S. Trustee, including debtor-in-possession reports;

     (d) The Debtor will only expend cash collateral pursuant to
the Budget subject to reasonable fluctuation by no more than 10%
for each expense line item per month;

     (e) The Debtor will pay all postpetition taxes in a timely
manner; and

     (f) The Debtor will retain in good repair all collateral in
which the Creditor has an interest.

The Debtor is authorized to extend the cash collateral use period
on a three month basis after March 31, 2018 (provided the Debtor is
not in default) on 14-day notice with opportunity for a hearing
provided to U.S. Trustee and any parties that may have a security
interest in cash collateral.

In addition to the Budget line items, the Debtor is authorized to
pay all U.S. Trustee fees.  The Debtor will pay TBK Bank, SSB
$1,000 per month due on the 1st day of each month.

A full-text copy of the Order is available at:

          http://bankrupt.com/misc/cob17-14243-138.pdf

                    About TD Manufacturing

Based in Greeley, Colorado, TD Manufacturing LLC --
http://www.t-dmanufacturing.com/-- operates a metal manufacturing
and powder coating shop that specializes in plasma table cutting,
welding, sand blasting, and powder coating.

TD Manufacturing sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Colo. Case No. 17-14243) on May 9, 2017.
The petition was signed by Luke Yockim, manager.  At the time of
the filing, the Debtor disclosed $286,671 in assets and $1.40
million in liabilities.

The case is assigned to Judge Michael E. Romero.

Aaron A. Garber, Esq., at Buechler & Garber, LLC, serves as the
Debtor's bankruptcy counsel.

On Sept. 7, 2017, the Court appointed Dickensheet & Associates,
Inc., as auctioneer to the Debtor.


TK HOLDINGS: Slated to Seek Plan Confirmation on Feb. 13
--------------------------------------------------------
Takata Corp.'s main U.S. subsidiary TK Holdings Inc. on Jan. 5,
2018, won approval from the U.S. bankruptcy court of the disclosure
statement explaining its Chapter 11 plan and is now slated to seek
confirmation of the Plan at a hearing on Feb. 13, 2018, at 10:00
a.m.

The U.S. Bankruptcy Court for the District of Delaware, in its
order approving the Disclosure Statement, set these dates:

   * Jan. 3, 2018: Voting record date -- Only holders of claims
     as of Jan. 3, 2018 will be entitled to vote to accept or
     reject the Plan.

   * Jan. 30, 2018: Deadline to file notice of cure amounts.

   * Feb. 6, 2018: Plan voting deadline.

   * Feb. 6, 2018 at 4:00 p.m.:  Deadline to file objections to
     confirmation of Plan.

   * Feb. 11, 2018: Debtors' deadline to file replies to any
     objections to confirmation.

   * Feb. 13, 2018, at 10:00 a.m.: Plan confirmation hearing.

A copy of the Disclosure Statement Order signed by Judge Brendan L.
Shannon on Jan. 5, 2018, is available at:

        http://bankrupt.com/misc/TK_H_1639_DS_Ord.pdf

A copy of the Disclosure Statement filed Jan. 5, 2018, and approved
at the Jan. 3, 2018 hearing is available at:

        http://bankrupt.com/misc/TK_H_1630_Rev_DS.pdf

                        Global Transaction

According to the Debtors, the Plan represents a significant
milestone and achievement in the Debtors' restructuring as the
Debtors continue working to implement and complete the
unprecedented recalls relating to certain PSAN Inflators, which
have expanded to become the largest automotive recall campaign in
U.S. history.  After nearly two years of intensive marketing,
diligence, and negotiations between and among Takata, potential
sponsor candidates, and a group of 15 of Takata's original
equipment manufacturer customers -- Consenting OEMs -- who
collectively account for a substantial portion of the PSAN
Inflators sold by Takata as of March 2017 and hold a substantial
majority of the total unsecured Claims against the Debtors'
Estates, Joyson KSS Auto Safety S.A. -- Plan Sponsor -- was
selected as the purchaser for the sale of substantially all of
Takata's worldwide assets unrelated to the manufacture and sale of
PSAN Inflators for an aggregate purchase price of $1.588 billion.

The Debtors believe that consummation of the Plan and the closing
of the Global Transaction are in the best interests of the Debtors'
creditors, employees, vendors, and all other parties in interest.
The Plan and the Global Transaction will allow the Debtors to
continue operating as a going concern, including with respect to
Reorganized Takata for a limited period of time, while also
ensuring that the Debtors are able to comply with their ongoing
obligations to the National Highway Traffic Safety Administration
("NHTSA"), fulfilling a fundamental commitment laid out by the
Debtors at the onset of these Chapter 11 Cases -- that the
commencement of these bankruptcy cases would not impact or impede
the general public's ability to fulfill their recalls.

In addition, confirmation of the Plan and consummation of the
Global Transaction in accordance with the timeline will ensure that
TKJP is able to comply with the Joint Restitution Order entered by
the United States District Court for the Eastern District of
Michigan on Feb. 27, 2017 in the case captioned U.S. v. Takata
Corporation, Case No. 16-cr-20810 (E.D. Mich.) (the "DOJ
Restitution Order") in connection with the settlement of the
two-year criminal investigation by the Department of Justice (the
"DOJ") into Takata.

Specifically, the DOJ Restitution Order requires consummation of
the Global Transaction by Feb. 27, 2018 and payment of the $850
million in restitution owed by TKJP and payable for the benefit of
the OEMs (the "DOJ Restitution Claim" and, together with the $125
million to recompense individuals who suffered (or will suffer)
personal injury caused by the malfunction of a PSAN Inflator, the
"Restitution Payments") within five days after the Closing Date.
Satisfaction of the DOJ Restitution Claim is a condition precedent
to consummation of the Global Transaction and is of critical
importance to the Debtors. Absent payment of the DOJ Restitution
Claim in accordance with the DOJ Restitution Order, the Debtors do
not believe that any third-party would be willing to purchase the
Debtors' assets as a going concern and the Debtors would likely be
forced into a piecemeal liquidation, which could result in the
eventual loss of employment for nearly all of the Debtors'
employees, the loss of future revenues and contracts for the
Debtors' vendors and suppliers, and significantly lower recoveries
for creditors. Additionally, if the DOJ declares a breach of the
DOJ Restitution Order, the DOJ may reopen its investigation of
Takata, including as against TKH, which would likely be fatal to
the Debtors' restructuring efforts.

The Plan preserves the going-concern value of the Debtors'
businesses, maximizes creditor recoveries, provides for an
equitable distribution to all of the Debtors' stakeholders, and
protects the jobs of the Debtors' invaluable employees.  To
evidence their support of the restructuring, the Debtors, the
Consenting OEMs, and the Plan Sponsor entered into a restructuring
support agreement, dated as of Nov. 16, 2017 (including all
exhibits and schedules attached thereto and as may be amended,
modified, or supplemented, the "U.S. RSA").  On Dec. 8, 2017, the
Bankruptcy Court authorized the Debtors' entry into the U.S. RSA
and approved the Plan Sponsor Protections (the "RSA Approval
Order").

The Tort Claimants' Committee, the Creditors' Committee, and the
Future Claims Representative do not support confirmation of the
Plan as presently drafted and may send subsequent letters to their
respective creditor constituents which set forth their respective
recommendations as to whether to accept or reject the Plan.

                         About TK Holdings

Japan-based Takata Corporation (TYO:7312)
--http://www.takata.com/en/-- develops, manufactures and sells
safety products for automobiles. The Company offers seatbelts,
airbags, steering wheels, child seats and trim parts. Headquartered
in Tokyo, Japan, Takata operates 56 plants in 20 countries with
approximately 46,000 global employees worldwide. The Company has
subsidiaries located in Japan, the United States, Brazil, Germany,
Thailand, Philippines, Romania, Singapore, Korea, China and other
countries.

Takata Corp. filed for bankruptcy protection in Tokyo and the U.S.,
amid recall costs and lawsuits over its defective airbags. Takata
and its Japanese subsidiaries commenced proceedings under the Civil
Rehabilitation Act in Japan in the Tokyo District Court on June 25,
2017.

Takata's main U.S. subsidiary TK Holdings Inc. and 11 of its U.S.
and Mexican affiliates each filed voluntary petitions under Chapter
11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case
No.17-11375) on June 25, 2017.  Together with the bankruptcy
filings, Takata announced it has reached a deal to sell all its
global assets  and operations to Key Safety Systems (KSS) for
US$1.588 billion.

Nagashima Ohno & Tsunematsu is Takata's counsel in the Japanese
proceedings.  Weil, Gotshal & Manges LLP and Richards, Layton &
Finger, P.A., are serving as counsel in the U.S. cases.
PricewaterhouseCoopers is serving as financial advisor, and Lazard
is serving as investment banker to Takata.  Ernst & Young LLP is
tax advisor.  Prime Clerk is the claims and noticing agent. The
Debtors Meunier Carlin & Curfman LLC, as special intellectual
property counsel.

Skadden, Arps, Slate, Meagher & Flom LLP is serving as legal
counsel, KPMG is serving as financial advisor, Jefferies LLC is
acting as lead financial advisor. UBS Investment Bank also provides
financial advice to KSS.

On June 28, 2017, TK Holdings, as the foreign representative of the
Chapter 11 Debtors, obtained an order of the Ontario Superior Court
of Justice (Commercial List) granting, among other things, a stay
of proceedings against the Chapter 11 Debtors pursuant to Part IV
of the Companies' Creditors Arrangement Act. The Canadian Court
appointed FTI Consulting Canada Inc. as information officer. TK
Holdings, as the foreign representative, is represented by McCarthy
Tetrault LLP.

The U.S. Trustee has appointed an Official Committee of Unsecured
Trade Creditors and a separate Official Committee of Tort
Claimants.

The Official Committee of Unsecured Creditors has selected
Christopher M. Samis, Esq., L. Katherine Good, Esq., and Kevin F.
Shaw, Esq., at Whiteford, Taylor & Preston LLC, in Wilmington,
Delaware; Dennis F. Dunne, Esq., Abhilash M. Raval, Esq., and Tyson
Lomazow, Esq., at Milbank Tweed Hadley & McCloy LLP, in New York;
and Andrew M. Leblanc, Esq., at Milbank, Tweed, Hadley & McCloy
LLP, in Washington, D.C., as its bankruptcy counsel.  The Committee
has also tapped Chuo Sogo Law Office PC as Japan counsel.

The Official Committee of Tort Claimants selected Pachulski Stang
Ziehl & Jones LLP as counsel.  Gilbert LLP will evaluate of the
insurance policies.  Sakura Kyodo Law Offices will serve as special
counsel.

Roger Frankel, the legal representative for future personal injury
claimants of TK Holdings Inc., et al., tapped Frankel Wyron LLP and
Ashby & Geddes PA to serve as co-counsel.

Takata Corporation ("TKJP") and affiliates Takata Kyushu
Corporation and Takata Services Corporation commenced Chapter 15
cases (Bankr. D. Del. Case Nos. 17-11713 to 17-11715) on Aug. 9,
2017, to seek U.S. recognition of the civil rehabilitation
proceedings in Japan. The Hon. Brendan Linehan Shannon oversees the
Chapter 15 cases. Young, Conaway, Stargatt & Taylor, LLP, serves as
Takata's counsel in the Chapter 15 cases.


TONY E. HAWLEY: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: Tony E. Hawley Construction Company, Inc.
        8156 NC 42 Highway W
        Kenly, NC 27542

Business Description: Tony E Hawley Construction Company, Inc is a

                      privately held water & sewer contractor
                      in Kenly, North Carolina.

Chapter 11 Petition Date: January 5, 2018

Case No.: 18-00061

Court: United States Bankruptcy Court
       Eastern District of North Carolina
       (Greenville Division)

Judge: Hon. Joseph N. Callaway

Debtor's Counsel: John G. Rhyne, Esq.
                  JOHN G. RHYNE, ATTORNEY AT LAW
                  P.O. Box 8327
                  Wilson, NC 27893
                  Tel: 252 234-9933
                  E-mail: johnrhyne@johnrhynelaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Patricia P. Hawley, president.

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/nceb18-00061.pdf


TOWN SPORTS: Adopts 2018 Management Stock Purchase Plan
-------------------------------------------------------
The Board of Directors of Town Sports International Holdings, Inc.
and the Compensation Committee of the Board adopted a management
stock purchase plan known as the Town Sports International
Holdings, Inc. 2018 Management Stock Purchase Plan.  

Subject to the terms of the full text of the MSPP, the MSPP
provides for the granting of rights to employees of the Company and
its subsidiaries with a corporate title of Director or above to be
eligible to be designated as participants in the MSPP. Pursuant to
the MSPP, Eligible Employees will be able to purchase shares of the
Company's common stock by applying the full balance of such
participant's deducted fund, which may not exceed 20% of the cash
compensation of such participant (including such participant's
gross base wages, commissions, bonuses, premium pay, shift
differential pay and excluding any remuneration delivered as equity
compensation).  No participant may make a contribution to the MSPP
in excess of $200,000 in any 12-month period.  The purchase of the
Shares will be made by a designated broker in the open market.
Unless the Committee determines otherwise, the purchase price per
share of the Stock is 100% of the market value of such share on the
purchase date, based on the average open market purchase price
allocated to all participants.  The Committee will appoint an
administrator to administer the MSPP, which shall have the express
discretionary authority and power to administer the MSPP and to
make, adopt, construe, and enforce rules and regulations not
inconsistent with the provisions of the MSPP.

Each share of Stock purchased under the MSPP and held for two years
following the purchase date (or other date as the administrator of
the MSPP so designates) is eligible for an award of a share of
Stock to be granted under the Town Sports International Holdings,
Inc. 2006 Stock Incentive Plan, as amended.  On a quarterly basis,
any shares of Stock purchased through the MSPP that have satisfied
the completion of the Voluntary Holding Period will be eligible for
a Matching RSA.

With respect to the Matching RSAs granted under the MSPP, the
cumulative number of Matching RSAs that may be issued in any
calendar year will be equal to the lesser of 50% of the shares
available for grant under the SIP or the number of MSPP shares that
have met the Voluntary Holding Period for that calendar year. A
participant must be employed by the Company or an affiliate of the
Company on the date on which the Matching RSA is granted in order
to receive a Matching RSA.

The Company may require a participant to pay to the Company (or
make other arrangements satisfactory to the Company for the payment
of) the amount of any taxes required to be withheld with respect to
the purchase or sale of Stock under the MSPP.  TSI Holdings may
also deduct from a participant's compensation the amount of
withholding taxes due with respect to the purchase or sale of Stock
under the MSPP.

The Committee may, at any time, amend the MSPP; provided, however,
that no amendment to the MSPP which requires shareholder approval
will be effective unless approved by the requisite vote of
shareholders of the Company.

The MSPP will expire on Jan. 3, 2028, unless terminated prior to
that date pursuant to the provisions of the MSPP or pursuant to
action by the Committee or the Board.  The Committee or the Board
will have the right to terminate the MSPP without prior notice to
any participant and without liability to any participant.  Upon the
expiration or termination of the MSPP, the balance, if any, then
standing to the credit of each participant which has not by such
time been applied to the purchase of Stock will be refunded to that
participant.

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

                      https://is.gd/3gduqZ

                About Town Sports International

Headquartered in New York, Town Sports International Holdings,
Inc., is the owner and operator of fitness clubs in the Northeast
and mid-Atlantic regions of the United States and, through its
subsidiaries, owned and operated 164 fitness clubs as of Sept. 30,
2017, comprising 118 clubs in the New York metropolitan market (102
of which were under the "New York Sports Clubs" brand name and 16
of which were under the "Lucille Roberts" brand name), 28 clubs in
the Boston metropolitan region under its "Boston Sports Clubs"
brand name, 10 clubs (one of which is partly-owned) in the
Washington, D.C. metropolitan region under its "Washington Sports
Clubs" brand name, five clubs in the Philadelphia metropolitan
region under its "Philadelphia Sports Clubs" brand name, and three
clubs in Switzerland.  These clubs collectively served
approximately 588,000 members as of Sept. 30, 2017.

Town Sports posted net income of $8.04 million for the year ended
Dec. 31, 2016, compared to net income of $21.15 million for the
year ended Dec. 31, 2015.  As of Sept. 30, 2017, the Company had
$230.85 million in total assets, $330.51 million in total
liabilities and a total stockholders' deficit of $99.65 million.

                          *    *    *

In May 2016, S&P Global Ratings said that it affirmed its corporate
credit rating on New York City-based Town Sports International
Holdings Inc. at 'CCC+'.  The rating outlook is negative.  The
CCC+' corporate credit rating affirmation reflects a highly
leveraged capital structure that S&P believes is unsustainable over
the long term, the ongoing risk of a conventional default, and the
risk of another type of distressed debt restructuring in the
future.

In May 2017, Moody's Investors Service changed the ratings outlook
for the debt of Town Sports International Holdings, Inc., to stable
from negative.  At the same time, Moody's affirmed the Company's
Corporate Family Rating (CFR) and Probability of Default Rating
(PDR) at 'Caa2' and 'Caa2-PD', respectively, and its Speculative
Grade Liquidity Rating at SGL-3, while also upgrading the company's
senior secured credit facilities rating to 'Caa1' from 'Caa2'.
Town Sports' Speculative Grade Liquidity Rating is SGL-3.
According to Moody's analyst David Berge, "Town Sports has made
progress in stabilizing the fee-based portion of its revenue
stream, which is an important early step in the company's recovery.
The ability to grow its membership base while demonstrating the
viability of its pricing strategy in the highly-competitive fitness
club sector will be key to future improvement in the company's
credit profile."


TOWN SPORTS: Atlas Fund III Cuts Stake to 8.3% as of Jan. 3
-----------------------------------------------------------
PW Partners Atlas Fund III LP disclosed in a Schedule 13D/A filed
with the Securities and Exchange Commission that as of Jan. 3,
2018, it beneficially owned directly 2,216,436 shares of common
stock of Town Sports International Holdings, Inc. and Patrick Walsh
beneficially owned directly 1,485,376 Shares (including 865,999
unvested restricted Shares), constituting approximately 8.3% and
5.6%, respectively, of the Shares outstanding.

PW Partners Atlas Funds, LLC, as the general partner of Atlas Fund
III, may be deemed to beneficially own the 2,216,436 Shares
directly beneficially owned by Atlas Fund III, constituting
approximately 8.3% of the Shares outstanding.

PW Partners Capital Management LLC, as the investment manager with
respect to Atlas Fund III, may be deemed to beneficially own the
2,216,436 Shares directly beneficially owned by Atlas Fund III,
constituting approximately 8.3% of the Shares outstanding.

Mr. Walsh, as the managing member and chief executive officer of
Atlas Fund GP and the managing member of PW Capital Management, may
be deemed to beneficially own the 2,216,436 Shares beneficially
owned by Atlas Fund GP and PW Capital Management, which, together
with the Shares he directly beneficially owns, constitutes an
aggregate of 3,701,812 Shares or approximately 13.9% of the Shares
outstanding.

Each of Atlas Fund III, Atlas Fund GP, PW Capital Management and
Mr. Walsh have shared power to vote or direct the vote of, and to
dispose or direct the disposition of, the Shares beneficially owned
directly by Atlas Fund III.

Mr. Walsh has the sole power to vote or direct the vote of, and to
dispose or direct the disposition of, 619,377 Shares beneficially
owned directly by him and the sole power to vote or direct the vote
of an additional 865,999 unvested restricted Shares beneficially
owned directly by him.

Effective Dec. 29, 2017, Atlas Fund III made a distribution of
490,988 Shares to limited partners.

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

                      https://is.gd/RrmZOv

                About Town Sports International

Headquartered in New York, Town Sports International Holdings,
Inc., is the owner and operator of fitness clubs in the Northeast
and mid-Atlantic regions of the United States and, through its
subsidiaries, owned and operated 164 fitness clubs as of Sept. 30,
2017, comprising 118 clubs in the New York metropolitan market (102
of which were under the "New York Sports Clubs" brand name and 16
of which were under the "Lucille Roberts" brand name), 28 clubs in
the Boston metropolitan region under its "Boston Sports Clubs"
brand name, 10 clubs (one of which is partly-owned) in the
Washington, D.C. metropolitan region under its "Washington Sports
Clubs" brand name, five clubs in the Philadelphia metropolitan
region under its "Philadelphia Sports Clubs" brand name, and three
clubs in Switzerland.  These clubs collectively served
approximately 588,000 members as of Sept. 30, 2017.

Town Sports posted net income of $8.04 million for the year ended
Dec. 31, 2016, compared to net income of $21.15 million for the
year ended Dec. 31, 2015.  As of Sept. 30, 2017, the Company had
$230.9 million in total assets, $330.5 million in total liabilities
and a total stockholders' deficit of $99.65 million.

                           *    *    *

In May 2016, S&P Global Ratings said that it affirmed its corporate
credit rating on Town Sports International at 'CCC+'.  The rating
outlook is negative.  The CCC+' corporate credit rating affirmation
reflects a highly leveraged capital structure that S&P believes is
unsustainable over the long term, the ongoing risk of a
conventional default, and the risk of another type of distressed
debt restructuring in the future.

In May 2017, Moody's Investors Service changed the ratings outlook
for the debt of Town Sports International to stable from negative.
At the same time, Moody's affirmed the Company's Corporate Family
Rating (CFR) and Probability of Default Rating (PDR) at 'Caa2' and
'Caa2-PD', respectively, and its Speculative Grade Liquidity Rating
at SGL-3, while also upgrading the company's senior secured credit
facilities rating to 'Caa1' from 'Caa2'.  Town Sports' Speculative
Grade Liquidity Rating is SGL-3.  According to Moody's analyst
David Berge, "Town Sports has made progress in stabilizing the
fee-based portion of its revenue stream, which is an important
early step in the company's recovery.  The ability to grow its
membership base while demonstrating the viability of its pricing
strategy in the highly-competitive fitness club sector will be key
to future improvement in the company's credit profile."


US ANESTHESIA: Moody's Extends B1 Rating on 1st Lien Loan Add-on
----------------------------------------------------------------
Moody's Investors Service extended its B1 rating to U.S. Anesthesia
Partners, Inc.'s senior secured first lien term loan add on. There
were no changes to USAP's existing ratings, including the B2
Corporate Family Rating, B2-PD Probability of Default Rating, and
the Caa1 secured second lien rating. The outlook is stable.

Proceeds from USAP's $190 million senior secured first lien term
loan add-on will be used primarily to fund acquisitions. Moody's
estimates pro forma adjusted debt/EBITDA to be around 6.0 times.

Rating extended:

U.S. Anesthesia Partners, Inc.

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

Ratings unchanged:

U.S. Anesthesia Partners, Inc.

Corporate Family Rating at B2

Probability of Default Rating at B2-PD

Senior secured first lien revolving credit facility expiring 2022
at B1 (LGD 3)

Secured second lien term loan due 2025 at Caa1 (LGD 6 from LGD 5)

The outlook is stable.

RATINGS RATIONALE

USAP's B2 CFR reflects Moody's expectation that the company's
financial leverage will remain high with debt/EBITDA around 6 times
over the next 12-18 months. The ratings also reflect USAP's
geographic concentration, as it operates in only five states, with
the majority of revenue derived from Texas. Moody's expects that
USAP will utilize free cash flow primarily to fund acquisitions or
pay discretionary distributions to its owners. The rating also
reflects the benefits -- but also risks -- of USAP's unique
ownership structure. Nearly half of USAP is owned by the physicians
which provide the company's services, with a high degree of
variability in physician compensation. This results in high
alignment between the company and its physician-owners. It also
creates the risk that, over time, USAP will need to create a
mechanism to "buy out" (possibly by issuing debt) physicians that
seek to retire or otherwise leave the organization. The rating also
reflects successful execution of the company's strategies to
partner with leading health care providers in its markets. Moody's
also recognizes that positive demographic trends, such as an aging
population, will bode well for demand for anesthesiology services.

The stable outlook reflects Moody's expectation that debt/EBITDA
will remain around 6 times and that free cash flow will likely be
used to fund distributions to shareholders.

The ratings could be downgraded if USAP fails to successfully
integrate acquisitions or adopts more aggressive financial
policies. Further, a downgrade could occur if debt/EBITDA is
sustained above 6.5 times or liquidity erodes.

The ratings could be upgraded if the company achieves greater scale
and geographic diversification with debt/EBITDA approaching 5.0
times.

U.S. Anesthesia Partners provides services through over 2,600
anesthesia providers in over 400 facilities across five states. Pro
forma revenues exceed $1 billion. The company is owned by
approximately 1,000 physician partners and by financial investors
Welsh Carson Anderson & Stowe, Berkshire Partners, and GIC.


USF HOLDINGS: S&P Raises Senior Secured Debt Rating to 'B+'
-----------------------------------------------------------
S&P Global Ratings affirmed its 'B' corporate credit rating on USF
Holdings LLC. The outlook remains stable.

S&P said, "At the same time, we raised our issue-level rating on
the company's senior secured debt to 'B+' from 'B' and 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.

"Our simulated default scenario for USF Holdings now predicts that
the company will default in 2021, at which point its level of
outstanding debt will be lower than we had previously expected due
to the high annual amortization on its term loan. Therefore, we
raised our issue-level rating and revised our recovery rating on
the company's senior secured debt to reflect the increase in the
anticipated recovery on the first-lien debt.

"The stable outlook on USF reflects our expectation that the
company will sustain its above-average profitability, generate a
DCF-to-debt ratio of around 5%, and maintain its aggressive
financial policies (given its financial-sponsor ownership) over the
next 12 months.

"We could lower our ratings on USF over the next 12 months if the
company pursues extraordinary shareholder distributions or another
large debt-financed acquisition that increase the likelihood that
its debt leverage will exceed 5.0x on a sustained basis while its
DCF-to-debt ratio falls well below 5%.

"Though unlikely over the next 12 months given the aggressive
financial policies of its sponsor, we could raise our ratings on
USF if the company is able to generate positive discretionary cash
flow while maintaining a DCF-to-debt ratio in the 5%-10% range.
This scenario also assumes that the company will refrain from
undertaking any meaningful debt-funded acquisitions or shareholder
distributions in the near term and maintain debt leverage of
between 4.0x and 5.0x on a sustained basis. In addition, we would
want to see the company improve its customer diversity before we
raise our ratings."


VESCO CONSULTING: 4 Rivers Buying Dynapac CA362D Roller for $80K
----------------------------------------------------------------
VESCO Consulting Services, LLC, asks the U.S. Bankruptcy Court for
the District of Colorado to authorize the sale of Dynapac CA362D
roller, Serial No. 1000011T0A010168, to 4 Rivers Equipment for
$80,000.

The Debtor, among other things, mines construction aggregates (sand
and gravel) and sells and delivers the material to its customers,
which are typically concrete and asphalt producers as well as oil
and gas construction companies.  To operate its business, the
Debtor owns and uses several automobiles and pieces of heavy
construction equipment, most of which has been financed by several
secured creditors through prepetition loans, including that certain
secured loan to the Debtor from Atlas Copco related to the USA Loan
and Security Agreement dated Dec. 13, 2013, with the original
principal amount of $136,137.

As of the Petition Date, the Debtor owed $50,109 to Atlas Copco on
the Loan, the only Equipment lienholder to which the Debtor is
aware.  Through monthly adequate protection payments of about
$3,000, as of Dec. 11, 2017, $27,032, exclusive of fees and costs,
remains owed on the Loan.

The Debtor has no use for the Equipment.  As such, it has actively
marketed the Equipment, including by advertising it in Machinery
Trader online and in print editions for over a year.  Following
these efforts, the Buyer has agreed to purchase it for $80,000, "as
is, where is," with all faults, no representations made, and free
and clear of all liens, claims, and encumbrances, with such liens,
claims, and encumbrances.   No auction is contemplated in the
Motion.

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

   http://bankrupt.com/misc/VESCO_Consulting_250_Sales.pdf

The Debtor believes that this is a reasonable price for the
Equipment.  For comparison purposes, the Debtor's appraiser valued
the Equipment at a fair market value of $86,250.

The Sale proceeds will first fully satisfy the Loan, with the
balance of the proceeds to be used by the Debtor to satisfy its
adequate protection obligations and otherwise to be used in the
ordinary course of its operations.  Atlas Copco consents to the
relief sought in the Motion, as well as the form and content of the
Motion and proposed order.

Contemporaneous with the filing of the Motion, the Debtor is moving
to shorten notice from 21 days to seven days.  It asks the relief
because (i) Atlas Copco consents to the relief; (ii) if the Loan is
fully satisfied by Jan. 15, 2018, Atlas Copco has agreed to waive
further fees, costs, and charges in relation to the Loan, which per
the Debtor's plan of reorganization, equal $4,750; (iii) the Debtor
will no longer have to make any more monthly payments to Atlas
Copco, freeing up some $3,000 per month; (iv) the Debtor will no
longer have to insure or maintain the Equipment; and (v) the
Debtor's cash flow is currently tight due to accounts receivable
that are past due, which is constricting its ability to timely
satisfy its post-petition obligations -- thus, the Debtor and its
creditors will benefit from the immediate infusion of cash.

Given the timing issue, the Debtor also respectfully asks a waiver
of the 14- day stay of Fed. R. Bankr. P. 6004(h).

               About VESCO Consulting Services

VESCO Consulting Services, LLC, leases properties to mine
construction aggregates (sand and gravel) and sells and delivers
the material to its customers, which are typically concrete and
asphalt producers as well as oil and gas construction companies.
The Debtor also engages in trucking activities, construction,
custom crushing, and mine reclamation.

VESCO sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. D. Colo. Case No. 16-21351) on Nov. 19, 2016.  Michael
Miller, president, signed the petition.  At the time of the filing,
the Debtor estimated its assets and liabilities at $1 million to
$10 million.

The case is assigned to Judge Elizabeth E. Brown.

The Debtor is represented by Kevin S. Neiman, Esq., at the Law
Offices of Kevin S. Neiman, PC.

An official committee of unsecured creditors has not been appointed
in the Chapter 11 case.


VFH PARENT: Moody's Hikes 2nd Lien Notes Rating to 'B1'
-------------------------------------------------------
Moody's Investors Service upgraded to B1 from B2 VFH Parent LLC's
(Virtu, the debt-issuing entity of Virtu Financial, Inc. (VFI))
senior secured second lien notes, with stable outlook. Moody's also
affirmed Virtu's Ba3 issuer rating and Ba2 senior secured first
lien term loan rating, and maintained a stable outlook on both
these ratings.

This concludes Moody's review for upgrade of Virtu's second lien
notes initiated on December 2, 2017. Moody's said the upgrade of
Virtu's second lien notes was triggered by VFI's announcement that
it has sold its BondPoint business for $400 million, as previously
contemplated. The net after-tax proceeds will be utilized to reduce
Virtu's first lien term loan, said Moody's.

Moody's has taken the following rating actions:

VFH Parent LLC:

* Issuer rating, affirmed at Ba3, Stable

* Senior secured first lien term loan, affirmed at Ba2, Stable

* Senior secured second lien notes, upgraded to B1 Stable, from B2
rating on review

RATINGS RATIONALE

Moody's said Virtu's second lien notes were upgraded because the
incremental pay-down of its first lien loan has reduced the second
lien notes' structural subordination, via a reduction in their loss
severity in the event of a default.

Moody's said the Ba2 rating on Virtu's first lien term loan is one
notch higher than Virtu's Ba3 issuer rating, reflecting the loan's
structural superiority in Virtu's capital structure. Moody's said
it affirmed and maintained a stable outlook on Virtu's Ba2 first
lien term loan because the change in loss severity on this tranche
of debt is not sufficient to warrant a change in rating. In
affirming Virtu's Ba3 issuer rating with stable outlook, Moody's
considered the company's recent financial performance, its progress
in integrating its July 2017 acquisition of KCG Holdings, Inc.
(KCG), and broader matters surrounding its operating and regulatory
environment.

Moody's said that Virtu appears to be making good progress in
integrating KCG, including extracting cost savings and identifying
new revenue opportunities in the combined companies and shutting
down peripheral and higher-risk activities. Virtu has also been
rigorous in executing its commitment to reduce its debt obligations
and related interest expense. However, said Moody's, there could be
adverse consequences for high-frequency trading firms' revenues
from the US Department of the Treasury's October 2017 capital
markets report, which recommended that regulators scrutinize market
infrastructure payment models and market complexity. The persistent
low volatility in capital markets has also been a continued
headwind to Virtu's ability to generate increased revenues, said
Moody's.

FACTORS THAT COULD LEAD TO AN UPGRADE

Moody's said upward rating pressure could develop if the KCG
acquisition is successfully executed, de-leveraging occurs
according to plan, and VFI emerges with substantially improved
business and customer diversification. The effectiveness of Virtu's
operational risk management practices and its regulatory and
competitive environment would also be important considerations in
considering Virtu for upgrade, said Moody's.

FACTORS THAT COULD LEAD TO A DOWNGRADE

Moody's said failure to achieve the expected KCG merger benefits or
to fully integrate and control the operational risks of the
combined platform, or reduce debt leverage according to plan, could
lead to a downgrade. Regulatory or competitive changes that
adversely affect Virtu's business practices and weaken
profitability could also lead to downward rating pressure.


WCD LLC: Needs Access to Cash Collateral Until Plan Confirmation
----------------------------------------------------------------
WCD, LLC, asks the U.S. Bankruptcy Court for the Southern District
of Texas for authority to use cash collateral in accordance with
its projected budget, for a period commencing from the date of the
Chapter 11 petition to confirmation of its Plan.

Pending a final hearing on the cash collateral motion, the Debtor
needs the use of $61,000 per month, until confirmation of its Plan,
of cash collateral to avoid immediate and irreparable harm to the
estate in that, absent such use, the Debtor would be required to
cease operations.

To be able to propose a plan of reorganization, the Debtor needs to
continue its business.  The Debtor has no alternative borrowing
source and to remain in business must be permitted to sell its
goods and services for cash and to use the cash proceeds of goods,
services and accounts to pay its employees, purchase new inventory,
pay lease, telephones and utilities expenses, and pay insurance
premiums.

Pendleton Capital Group, Inc., asserts a security interest in all
of Debtor's accounts, inventory, and general intangibles as well as
liens over certain contract rights to secure the indebtedness of
the Debtor to Pendleton.

As of the Petition Date, the amount due under the Note is $92,561
together with and all other obligations and liabilities of the
Debtor under the Note and related loan documents and all other
amounts permitted by applicable Bankruptcy and non-bankruptcy law.
The fair market value of the Collateral is not less than $130,000.

As adequate protection to Pendleton for the use of its Cash
Collateral, the Debtor proposes to grant Pendleton valid and
automatically perfected security interests and replacement liens on
the Collateral to the same extent as such interests existed
prepetition and such liens will attach to any postpetition
collateral to the same extent as existed prepetition, further
provided that such continuing liens will be perfected and
enforceable as the interests that existed prepetition without the
necessity of further action by Pendleton.

The Debtor claims that it has been in continuous discussions with
Pendleton seeking to obtain an agreement as to the amount of the
monthly budget for the use of cash collateral.  No agreement has
been reached as of yet and payroll was due on Dec. 29, 2017.

The Debtor utilizes the services of Integrated Payroll Services to
provide regular payments to employees and contractors.  Payments
were released by Integrated Payroll Services Company on Dec. 29,
2017, prior to obtaining Debtor's final instructions. The Debtor
seeks authority to pay Integrated Payroll Services $22,270.91 on an
expedited basis.

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

              http://bankrupt.com/misc/txsb17-36817-6.pdf

The Budget is available at:

            http://bankrupt.com/misc/txsb17-36817-6-bgt.pdf

                         About WCD, LLC

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.

WCD, LLC, d/b/a Wildcat Development, filed a Chapter 11 petition
(Bankr. S.D. Tex. Case No. 17-36817) on Dec. 21, 2017.  Stuart
Williams, member, signed the petition.  The case is assigned to
Judge Jeff Bohm.  The Debtor is represented by Larry A. Vick, Esq.
At the time of filing, the Debtor had $787,962 in total assets and
$1,030,000 in total liabilities.


WOODFORD EXPRESS: S&P Assigns B Corp. Credit Rating, Outlook Stable
-------------------------------------------------------------------
S&P Global Ratings said it assigned its 'B' long-term corporate
credit rating to Oklahoma-based, Woodford Express LLC, a midstream
natural gas gathering and processing company. The outlook is
stable.

S&P said, "At the same time, we assigned our 'B+' issue-level
rating and '2' recovery rating to the company's $364 million senior
secured term loan due 2025. The '2' recovery rating indicates
lenders can expect substantial (70%-90%; rounded estimate: 75%)
recovery in a default scenario.

"Our 'B' corporate credit rating on Woodford Express LLC reflects
our view of the company's vulnerable business risk profile and
highly leveraged financial risk profile and our expectation that
the company will be able to deleverage as scale and utilization
increase without the need for a large capital expenditure program
to fuel this expected growth. We expect Woodford's financial
leverage to decline over time, with debt to EBITDA of about
6.5x–7x in 2018, improving to about 4.5x in 2019 as volumes and
cash flows increase. The company's business risk profile reflects
its small scale of operations, lack of geographic diversity, and
exposure to volumetric risk, as well as its position in the highly
economic SCOOP Basin.

"The stable outlook reflects our view that Woodford Express LLC
will execute its strategy to increase volume throughput on its
system while continuing to generate revenue through long-term
contracts with a significant fixed-fee component. Under our base
case scenario, we are expecting debt to EBITDA to decline to about
6.5x–7x in 2018 and 4.5x in 2019, mainly driven by the additional
cash flows from the projects under development and deleveraging
through mandatory amortization and a cash sweeping mechanism.

"We could consider lowering the rating if we expected debt to
EBITDA to stay above 5.5x through 2019, which would likely be due
to lower-than-expected volumes when facilities enter service or
increased levels of debt to finance additional capital spending. In
addition, if we believed delays or cost overruns at the projects
currently under construction might delay deleveraging, we might
look to lower the rating.

"Although not anticipated over our two-year outlook period, we
could raise the rating if we see an increase in the scale and scope
of the operations, improved diversity by commodity-type and
geography, or the addition of investment grade counterparties with
long-term fixed contracts. We could also consider a higher rating
if the company can maintain debt to EBITDA below 4.5x on a
consistent basis, while also showing that the company's sponsors
plan to maintain a less aggressive financial policy."


YOGA CENTER: Unsecured Creditors to Recoup 29% Under Proposed Plan
------------------------------------------------------------------
The Yoga Center, LLC, filed an application asking the U.S.
Bankruptcy Court for the District of Minnesota to conditionally
approve its disclosure statement explaining its plan of
reorganization.

The Debtor also asks the Court to fix a dated for the hearing on
final approval of the Disclosure Statement and to fix a date for
hearing on the confirmation of the Debtor's Plan.

Under the plan, Class 2 General Unsecured Claims are estimated to
be in the amount of $701,816.02. Class 2 General Unsecured Claims
will receive total distributions equal to $203,552.90. The Debtor
will make monthly distributions to unsecured creditors from the
Debtor's operating revenue in monthly installments of $1,018.74 per
month, for a term of 12 months, then $3,986 per month for a term of
48 months, with the first payment beginning the 20th day of the
first month following the Effective Date of the Plan. The Plan
contemplates a return of approximately 29% to holders of Class 2
Unsecured Claims.

On the Effective Date, the Debtor will be re-vested with title to
all property of the bankruptcy estate. The Debtor will continue to
conduct its business in the ordinary course. All monthly
distributions and payments made under the Plan will be funded from
the Debtor's business operating revenue.

A copy of the Disclosure Statement is available at:

     http://bankrupt.com/misc/mnb17-42115-41.pdf

                    About The Yoga Center LLC

The Yoga Center, LLC -- http://yogacentermpls.com-- is a small
business Debtor as defined in 11 U.S.C. Section 101(51D).  The
Company provides Yoga classes offering a wide selection of drop-in
classes, specialty class series, workshops and events, as well as
teacher training programs, specialty teacher trainings and
continuing education for the lifelong learner.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. Minn. Case No. 17-42115) on July 13, 2017.  Neil
Riemer, president, signed the petition.  

Michael J. Sheridan, Esq., serves as the Debtor's bankruptcy
counsel.

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

Judge Katherine A. Constantine presides over the case.


[] Jones Day Bankruptcy Veteran Joins JAMS Detroit
--------------------------------------------------
David G. Heiman, who was one of Detroit's lead attorneys during the
city's bankruptcy, has joined the Judicial Arbitration and
Mediation Services Detroit Resolution Center as a mediator and
arbitrator.

JAMS, which claims to be the largest private provider of mediation
and arbitration services worldwide, said Mr. Heiman will be based
in the JAMS Detroit Resolution Center and will be available to hear
cases throughout the country.  He will serve as a mediator and
arbitrator in a variety of disputes including Accounting,
Antitrust, Bankruptcy, Business/Commercial and Government/Public
Agency.

Mr. Heiman, 72, joined JAMS after more than 35 years of advising
clients in business bankruptcy and restructuring.  He founded Jones
Day's business restructuring practice in 1984 and has played a key
role in many of the largest business bankruptcy and out-of-court
restructurings in the United States.  His practice included
representations of debtors, lenders, creditors and distressed
assets purchasers.  He also has had extensive experience in a wide
array of commercial, financial and lending matters and disputes.

Mr. Heiman most recently led the City of Detroit chapter 9
bankruptcy case, the largest municipal bankruptcy in U.S. history.
Some of the most notable cases he handled include the bankruptcies
of Federated Department Stores Inc. and Chrysler LLC.

"David's background of resolving highly contentious disputes and
creating paths for communication makes him an excellent addition to
our panel," said Chris Poole, JAMS president and CEO.  "We're
thrilled to have join us someone with his reputation for bringing
parties together."

"Although litigation has been an essential element of my
engagements in complex disputes, I have always focused on ways to
find common ground among the parties in dispute," said Mr. Heiman.
"JAMS is the perfect venue for lending my support to the successful
resolution of such disputes."

Mr. Heiman received his B.B.A. from University of Cincinnati and
earned his J.D. from University of Cincinnati College of Law.  Mr.
Heiman is a past chair of the American College of Bankruptcy and
has held leadership positions in a number of professional,
community and charitable organizations.

                            About JAMS

Founded in 1979, JAMS -- https://www.jamsadr.com/ -- is a private
provider of mediation and arbitration services worldwide.  With
Resolution Centers nationwide and abroad, JAMS and its nearly 350
neutrals are responsible for resolving thousands of the world's
important cases.  JAMS may be reached at 800-352-5267.


[^] BOND PRICING: For the Week from January 1 to 5, 2018
--------------------------------------------------------
  Company                    Ticker  Coupon Bid Price   Maturity
  -------                    ------  ------ ---------   --------
Alpha Appalachia
  Holdings Inc               ANR       3.25     2.048   8/1/2015
American Eagle Energy Corp   AMZG        11      1.25   9/1/2019
Amyris Inc                   AMRS       9.5    63.767  4/15/2019
Amyris Inc                   AMRS       6.5    61.112  5/15/2019
Appvion Inc                  APPPAP       9     37.53   6/1/2020
Appvion Inc                  APPPAP       9        15   6/1/2020
Armstrong Energy Inc         ARMS     11.75     14.75 12/15/2019
Armstrong Energy Inc         ARMS     11.75      14.5 12/15/2019
Aurora Diagnostics
  Holdings LLC / Aurora
  Diagnostics Financing Inc  ARDX     10.75      95.2  1/15/2018
Avaya Inc                    AVYA      10.5      6.25   3/1/2021
Avaya Inc                    AVYA      10.5         7   3/1/2021
BPZ Resources Inc            BPZR       6.5     3.017   3/1/2015
BPZ Resources Inc            BPZR       6.5     3.017   3/1/2049
Bon-Ton Department
  Stores Inc/The             BONT         8    20.988  6/15/2021
BreitBurn Energy
  Partners LP / BreitBurn
  Finance Corp               BBEP     7.875      0.12  4/15/2022
Buffalo Thunder
  Development Authority      BUFLO       11        38  12/9/2022
Cenveo Corp                  CVO        8.5      16.5  9/15/2022
Cenveo Corp                  CVO        8.5     20.25  9/15/2022
Chassix Holdings Inc         CHASSX      10         8 12/15/2018
Chassix Holdings Inc         CHASSX      10         8 12/15/2018
Chukchansi Economic
  Development Authority      CHUKCH    9.75     57.49  5/30/2020
Claire's Stores Inc          CLE          9        67  3/15/2019
Claire's Stores Inc          CLE       7.75    11.375   6/1/2020
Claire's Stores Inc          CLE          9     65.25  3/15/2019
Claire's Stores Inc          CLE       7.75    11.375   6/1/2020
Claire's Stores Inc          CLE          9    66.875  3/15/2019
Claire's Stores Inc          CLE      8.875        28  3/15/2019
Cobalt International
  Energy Inc                 CIEI     2.625     28.75  12/1/2019
Cumulus Media Holdings Inc   CMLS      7.75     18.25   5/1/2019
EV Energy Partners LP /
  EV Energy Finance Corp     EVEP         8     53.25  4/15/2019
EXCO Resources Inc           XCOO       8.5         8  4/15/2022
Egalet Corp                  EGLT       5.5      45.5   4/1/2020
Emergent Capital Inc         EMGC       8.5     56.31  2/15/2019
Energy Conversion
  Devices Inc                ENER         3     7.875  6/15/2013
Energy Future Holdings Corp  TXU        6.5        15 11/15/2024
Energy Future Holdings Corp  TXU       6.55     14.75 11/15/2034
Energy Future Holdings Corp  TXU       5.55     14.75 11/15/2014
Energy Future Holdings Corp  TXU       9.75        10 10/15/2019
Energy Future Intermediate
  Holding Co LLC /
  EFIH Finance Inc           TXU      11.25        38  12/1/2018
Energy Future Intermediate
  Holding Co LLC /
  EFIH Finance Inc           TXU      11.25      38.5  12/1/2018
Energy Future Intermediate
  Holding Co LLC / EFIH
  Finance Inc                TXU       9.75       5.3 10/15/2019
FGI Operating Co LLC /
  FGI Finance Inc            GUN      7.875      23.9   5/1/2020
Fleetwood Enterprises Inc    FLTW        14     3.557 12/15/2011
Gibson Brands Inc            GIBSON   8.875     85.25   8/1/2018
Gibson Brands Inc            GIBSON   8.875    82.238   8/1/2018
Gibson Brands Inc            GIBSON   8.875        84   8/1/2018
Global Brokerage Inc         GLBR      2.25        44  6/15/2018
Guitar Center Inc            GTRC     9.625      57.5  4/15/2020
Guitar Center Inc            GTRC     9.625     57.25  4/15/2020
Homer City Generation LP     HOMCTY   8.137     38.75  10/1/2019
Iconix Brand Group Inc       ICON       1.5      78.2  3/15/2018
Illinois Power
  Generating Co              DYN        6.3    33.375   4/1/2020
Illinois Power
  Generating Co              DYN          7    33.375  4/15/2018
Interactive Network Inc /
  FriendFinder
  Networks Inc               FFNT        14    70.298 12/20/2018
IronGate Energy
  Services LLC               IRONGT      11    36.875   7/1/2018
IronGate Energy
  Services LLC               IRONGT      11    36.875   7/1/2018
IronGate Energy
  Services LLC               IRONGT      11    36.875   7/1/2018
IronGate Energy
  Services LLC               IRONGT      11    36.875   7/1/2018
Las Vegas Monorail Co        LASVMC     5.5        21  7/15/2019
Lehman Brothers
  Holdings Inc               LEH        1.6     3.326  11/5/2011
Lehman Brothers
  Holdings Inc               LEH       2.07     3.326  6/15/2009
Lehman Brothers
  Holdings Inc               LEH          4     3.326  4/30/2009
Lehman Brothers
  Holdings Inc               LEH          2     3.326   3/3/2009
Lehman Brothers
  Holdings Inc               LEH        1.5     3.326  3/29/2013
Lehman Brothers
  Holdings Inc               LEH      1.383     3.326  6/15/2009
Lehman Brothers
  Holdings Inc               LEH          5     3.326   2/7/2009
Lehman Brothers Inc          LEH        7.5     1.226   8/1/2026
Linc USA GP / Linc
  Energy Finance USA Inc     LNCAU    9.625         1 10/31/2017
MF Global Holdings Ltd       MF       3.375     30.25   8/1/2018
MModal Inc                   MODL     10.75     6.125  8/15/2020
Mashantucket Western
  Pequot Tribe               MASHTU    7.35      15.5   7/1/2026
Midstates Petroleum
  Co Inc / Midstates
  Petroleum Co LLC           MPO      10.75     3.601  10/1/2020
Murray Energy Corp           MURREN     9.5    50.788  12/5/2020
Murray Energy Corp           MURREN     9.5    50.788  12/5/2020
Nine West Holdings Inc       JNY       8.25        11  3/15/2019
Nine West Holdings Inc       JNY      6.125    13.475 11/15/2034
Nine West Holdings Inc       JNY      6.875     14.75  3/15/2019
Nine West Holdings Inc       JNY       8.25     10.07  3/15/2019
Nortel Networks
  Capital Corp               NT       7.875     3.281  6/15/2026
OMX Timber Finance
  Investments II LLC         OMX       5.54     10.25  1/29/2020
Orexigen Therapeutics Inc    OREX      2.75        34  12/1/2020
Orexigen Therapeutics Inc    OREX      2.75     29.99  12/1/2020
Pan American Energy LLC/
  Argentine Branch           PANAME   7.875     107.5   5/7/2021
Pan American Energy LLC/
  Argentine Branch           PANAME   7.875   107.635   5/7/2021
Powerwave Technologies Inc   PWAV     3.875     0.435  10/1/2027
Powerwave Technologies Inc   PWAV     1.875     0.435 11/15/2024
Powerwave Technologies Inc   PWAV     3.875     0.435  10/1/2027
Powerwave Technologies Inc   PWAV     1.875     0.435 11/15/2024
Prospect Holding Co LLC /
  Prospect Holding
  Finance Co                 PRSPCT   10.25     48.25  10/1/2018
RAAM Global Energy Co        RAMGEN    12.5      1.55  10/1/2015
Real Alloy Holding Inc       REAALL      10     72.75  1/15/2019
Real Alloy Holding Inc       REAALL      10        63  1/15/2019
Renco Metals Inc             RENCO     11.5     26.25   7/1/2003
Rex Energy Corp              REXX     8.875        40  12/1/2020
Rex Energy Corp              REXX      6.25      31.3   8/1/2022
Rolta LLC                    RLTAIN   10.75    24.875  5/16/2018
SAExploration Holdings Inc   SAEX        10        60  7/15/2019
SandRidge Energy Inc         SD         7.5     2.081  2/15/2023
Sears Holdings Corp          SHLD         8      50.5 12/15/2019
SiTV LLC / SiTV Finance Inc  NUVOTV  10.375        68   7/1/2019
SiTV LLC / SiTV Finance Inc  NUVOTV  10.375        68   7/1/2019
SunEdison Inc                SUNE     2.375      2.25  4/15/2022
SunEdison Inc                SUNE      2.75     2.125   1/1/2021
TMST Inc                     THMR         8      19.5  5/15/2013
Talos Production LLC /
  Talos Production
  Finance Inc                TALPRO    9.75     76.25  2/15/2018
Talos Production LLC /
  Talos Production
  Finance Inc                TALPRO    9.75     76.25  2/15/2018
TerraVia Holdings Inc        TVIA         5      5.51  10/1/2019
Texas Competitive Electric
  Holdings Co LLC /
  TCEH Finance Inc           TXU       11.5      0.75  10/1/2020
Texas Competitive Electric
  Holdings Co LLC /
  TCEH Finance Inc           TXU       11.5      0.75  10/1/2020
Time Inc                     TIME       7.5       117 10/15/2025
Toys R Us - Delaware Inc     TOY       8.75     28.25   9/1/2021
Toys R Us Inc                TOY      7.375      31.5 10/15/2018
Transworld Systems Inc       TSIACQ     9.5        35  8/15/2021
Transworld Systems Inc       TSIACQ     9.5        34  8/15/2021
UCI International LLC        UCII     8.625     4.578  2/15/2019
Vanguard Operating LLC       VNR      8.375     17.75   6/1/2019
Walter Energy Inc            WLTG       8.5     0.834  4/15/2021
Walter Energy Inc            WLTG     9.875     0.834 12/15/2020
Walter Energy Inc            WLTG     9.875     0.834 12/15/2020
Walter Energy Inc            WLTG     9.875     0.834 12/15/2020
Walter Investment
  Management Corp            WAC        4.5       8.5  11/1/2019
iHeartCommunications Inc     IHRT        10        85  1/15/2018
iHeartCommunications Inc     IHRT     6.875        50  6/15/2018
rue21 inc                    RUE          9       0.5 10/15/2021
rue21 inc                    RUE          9     0.431 10/15/2021


                            *********

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
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equity securities trade in public market are determined by more
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On Thursdays, the TCR delivers a list of recently filed
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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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Monthly Operating Reports are summarized in every Saturday edition
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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
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                            *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.  
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman,
Editors.

Copyright 2018.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
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re-mailing and photocopying) is strictly prohibited without prior
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                   *** End of Transmission ***