TCR_Public/180119.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Friday, January 19, 2018, Vol. 22, No. 18

                            Headlines

21ST CENTURY: Exits Chapter 11 Bankruptcy with New Leadership
31 TOZER ROAD: Beverly City Not Guilty of Violating G.L.c. 93A
417 RENTALS: March 21 Plan and Disclosure Statement Hearing
ACADIANA MANAGEMENT: PCO Files 3rd Interim Report for C. Indiana
ACCESS PROGRAMMING: Voluntary Chapter 11 Case Summary

ADVANCED SOLIDS: $570K Sale of Personal Property Approved
AEROGROUP INT'L: Implementation of Reorganization Plan Amended
AEROGROUP INT'L: Wants to Maintain Exclusivity Through April 16
AMDIRADDO LLC: Plan and Disclosures Hearing Set for Feb. 28
AMERICAN APPAREL: Seeks May 14 Exclusive Plan Filing Extension

AMERIFLEX ENG'G: Has 30 Days After Adv. Case Ruling to File Plan
AMPLIPHI BIOSCIENCES: Empery Discloses 7.5% Stake as of Jan. 10
ARMSTRONG ENERGY: Unsecureds to be Paid from $2.2MM GUC Reserve
ARO LIQUIDATION: Files Motion to Sell Visa/MasterCard Claim
AUTO SUPPLY: Fisher Auto Buying All Assets for $10 Million

AVAYA INC: Fitch Assigns 'B' Long-Term IDR; Outlook Stable
BAB METAL: New Plan to Pay Unsecureds $5K Monthly Over 5 Years
BAHATI LLC: No Payment for Unsecured Claimant Under Plan
BEAR FIGUEROA: PI Properties Buying Los Angeles Property for $2.9M
BEAULIEU GROUP: $2.6M Sale of Parcels of Property to Cohutta Okayed

BEBE STORES: B. Riley Financial Now Holds 29.4% of Capital Stock
BIOSTAGE INC: Empery Reports 0.31% Stake as of Dec. 31
BON-TON STORES: Moody's Cuts Probability Default Rating to Ca-PD/LD
BON-TON STORES: Obtains Forbearance From Lenders Until Jan. 26
BRONCO MIDSTREAM: S&P Ups CCR to B+ on Upgrade of Enable Midstream

BROWN & PIPKINS: Taps Paul Reece Marr as Legal Counsel
BULOVA TECHNOLOGIES: Incurs $500,000 Net Loss in Fiscal 2017
CAPITAL OPTIONS: 9th Cir. Affirms Denial of Plan Confirmation
CASHMAN EQUIPMENT: May 23 Further Hearing on Approved Assets Sale
CASTEX ENERGY: Court Approves Third Amended Plan Outline

CHANNING HALL: S&P Cuts Rating on 2017A/B School Bonds to 'BB'
COBALT INT'L: Taps Susman Godfrey as Special Litigation Counsel
COPSYNC INC: Needs Additional Time to Analyze Claims, File Plan
CROWN HOLDINGS: S&P Rates Unit's Euro-Denominated Unsec. Notes 'BB'
CROWNE AUTOMOTIVE: Moody's Assigns B3 CFR; Outlook Stable

DIFFUSION PHARMACEUTICALS: Amends 9.1 Million Shares Prospectus
ENDO SURGICAL CENTER: Taps Trenk DiPasquale as Legal Counsel
ESCALERA RESOURCES: $340K Sale of Bakken Assets to Everest Okayed
EVERMILK LOGISTICS: General Truck Seeks Revision of Plan Outline
EXCO RESOURCES: Moody's Lowers Probability Default Rating to D-PD

EXCO RESOURCES: Says Business as Usual While in Chapter 11
FENNER AVENUE: Taps Trenk DiPasquale as Legal Counsel
FINTUBE LLC: Auction of Remaining Assets Has $6M Opening Bid
GABRIELS TOWING: Court Conditionally Approves Disclosures
GENERAL MOTORS: Has No Duty to Warn Under Georgia Law, Court Rules

GEORGIA ANESTHESIA: PCO Not Necessary, Court Rules
GMAC MORTGAGE: Missouri Court Junks D. Poole, et al.'s Lawsuit
GORDON'S GLASS: Case Summary & 12 Unsecured Creditors
GULF MEDICAL: Taps Wilson Harrell as Legal Counsel
HANISH LLC: GIRI Buying All Assets for $6.5 Million

HATHAWAY HOMES: Trustee Taps Parsons Smith as Legal Counsel
HOBBICO INC: Jan. 22 Meeting Set to Form Creditors' Panel
HOVNANIAN ENTERPRISES: Gets Requisite OK to Amend Notes Indentures
HUSKY INC: Court OK's Disclosures; April 10 Plan Hearing
INSPIRATION ESTATES: Taps Cooper Pautz as Legal Counsel

ITRON INC: $100MM Notes Add-On No Impact on Moody's B2 Rating
IVAN RENE MOORE: District Court Affirms Chapter 11 Case Dismissal
JUAN WILLIAMS: Selling Palm Beach Gardens Property for $455K
K'NEX INDUSTRIES: PNC Bank to Conduct Foreclosure Sale on Jan. 29
KARON RICHARD: Johnsons Buying Waynesville Property for $680K

KERRY NOBLE: Court OK's Appointment of J. Searcy as Ch. 11 Trustee
LE-MAR HOLDINGS: Committee Seeks Appointment of Ch. 11 Trustee
LEHMAN BROTHERS: Affiliates to Explore Options to Monetize Claims
LEI TRANSPORTATION: Case Summary & 20 Largest Unsecured Creditors
LINDSAY JENKINS: District Court Affirms Chapter 11 Case Dismissal

MANN REALTY: Plan is Patently Unconfirmable, Secured Lender Says
MANUS SUDDRETH: Trustee Selling Properties of Non-Debtor Entities
MAOZ 8TH AVENUE: Taps Sichenzia Ross as Legal Counsel
MARINA BIOTECH: Signs Development & Licensing Deal with Autotelic
MAYFIELD AGENCY: Moody's Assigns B3 CFR; Outlook Stable

MAYFIELD HOLDINGS: S&P Assigns 'B-' ICR, Outlook Stable
MEDAPOINT INC: Marketing Process Delays Filing of Chapter 11 Plan
MONAKER GROUP: Delays Nov. 30 Form 10-Q
MONAKER GROUP: Raises Capital for Proposed Nasdaq Uplisting
MOORINGS REGENCY: Wells Fargo Plan Outline Conditionally OK'd

NET ELEMENT: Amends Prospectus on 1.1 Million Stock Resale
NET ELEMENT: Rakishev Hikes Stake to 7.9% as of Jan. 16
OLYMPIA OFFICE: Taps Williams Kastner as Legal Counsel
OUTBACK DEVELOPMENT: Bob Robertson Buying Taney Property for $5M
P3 FOODS: Plan Filing Deadline Moved to April 6

PARETEUM CORP: Empery Lowers Equity Stake to 1.1% as of Dec. 31
PARKER DRILLING: Moody's Lowers CFR to Caa1 on High Debt Levels
PARKWAY RADIOLOGY: Case Summary & 20 Largest Unsecured Creditors
PEOPLE'S COMMUNITY: Trustee's Sale of MCHS/MCHS-GP Interests Okayed
PIONEER NURSERY: Proposes a Sale of Personal Property

POSTO 9 LAKELAND: Exclusive Plan Filing Deadline Moved to Feb. 21
PRECISION CASTING: Unsecureds to Get 32% in 6 Years Under New Plan
PREFERRED VINTAGE: Kashubas Buying Sonoma Property for $4.3 Million
PROTEA BIOSCIENCES: Panel Objects to Deal With Asurrx Biopharma
PROTEA BIOSCIENCES: Sale/Abandonment of De Minimis Assets Approved

RAMLA USA: $85K Sale of Liquor License Interest to L.A. Spoon OK'd
REALOGY GROUP: Moody's Assigns Ba1 Rating to New Sec. Bank Debt
REALOGY GROUP: S&P Rates New Secured Credit Facility 'BB+'
REBECCA SHIRLEY: Sale of Crittenden Real & Personal Property Okayed
REBUILTCARS CORP: To Pay First Home Bank $1,735 Monthly

ROBERT MATTHEWS: Sale of 1999 Jaguar XJ8 for Salvage Value Okayed
ROCKY MOUNTAIN: Amends 250 Million Shares Resale Prospectus
ROSENBAUM FARM: Needs More Time for Third-Party Plan Discussions
SEARS HOLDINGS: Fairholme Has 17.4% Stake as of Jan. 11
SEARS HOLDINGS: S&P Cuts CCR to 'CCC-' on Debt Restructuring

SEASTAR HOLDINGS: Jan. 23 Meeting Set to Form Creditors' Panel
SENIOR CARE GROUP: U.S. Trustee Directed to Appoint PCO in 4 Cases
SENTINEL MANAGEMENT: MBF Bid to Dismiss Clawback Suit Junked
SOLBRIGHT GROUP: Incurs $2.89 Million Net Loss in 2nd Quarter
SOLID LANDINGS: Feb. 28 Hearing on Joint Liquidation Plan

SOUTHWORTH CO: Expedited Sale of Agawam Property Okayed
SOUTHWORTH CO: Mohawk Fine Buying Two Die Cutters for $150K
SPECTRUM HEALTHCARE: PCO Reports Fluctuating Census at Derby
SPORTS ZONE: $900K Bid to Open Jan. 25 Auction of All Assets
SQUARE ONE: Xin Sheng Xie Buying Gainesville Property for $1.6M

SRA MANAGEMENT: Jan. 31, 2018 Proof of Claim Deadline Set
SS&C TECHNOLOGIES: Moody's Affirms Ba3 CFR; Outlook Negative
STOLLINGS TRUCKING: Brewer Buying Five Vehicles for $21K
TOLL BROTHERS: Moody's Rates Proposed $300MM Unsecured Notes Ba1
TOLL BROTHERS: S&P Rates New Senior Unsecured Notes 'BB+'

TOWER PROPERTIES: Taps Robert L. Marrero as Legal Counsel
TRANSWORLD SYSTEMS: S&P Cuts CCR to 'CCC-' on Contract Loss
TRE AMICI: $190K Sale of Assets to TMG Approved
TRICO GROUP: S&P Assigns 'B' Corp. Credit Rating, Outlook Stable
UNIVERSAL LAND: Proposes an Auction of Livestock & Frozen Genetics

UNIVERSAL LAND: Proposes Auction of Equipment
UNIVERSAL LAND: Proposes Vermillion & Vigo Properties Auction
USI SERVICES: Taps Mandelbaum Salsburg as Legal Counsel
VESCO CONSULTING: $80K Sale of Dynapac CA362D Roller Approved
VILLA PROPERTIES: Taps Steinberg Shapiro as Legal Counsel

VILLAGE VENTURES: Goslee Buying Garland Property for $13.5K
VOYA FINANCIAL: Fitch Rates New $350MM Jr. Subordinated Notes 'BB+'
VOYA FINANCIAL: S&P Rates $350MM Junior Subordinated Debt 'BB+'
VPH PHARMACY: Winrose Not Granted Super-Priority Status, Ct. Rules
WALTER INVESTMENT: Expects to Emerge from Chapter 11 by Jan. 31

WARRIOR MET: S&P Raises CCR to 'B' on Strong Performance
WILLIAM J. FOCAZIO: Taps Trenk DiPasquale as Legal Counsel
WOODBRIDGE GROUP: Committee Taps Berger as Special Counsel
WORLD INTERNATIONAL: SCCB Objects to Use of Cash Collateral
WRAP MEDIA: Luckett, IPL File 2nd Amended Combined Plan

[*] Andrew Cardonick Joins Sidley Austin's Global Finance Practice
[*] Ashley Jericho Joins McDonald Hopkins' Detroit Office
[^] BOOK REVIEW: The Sorcerer's Apprentice -- Medical Miracles

                            *********

21ST CENTURY: Exits Chapter 11 Bankruptcy with New Leadership
-------------------------------------------------------------
21st Century Oncology Holdings, Inc., the largest global provider
of integrated cancer care services, on Jan. 17 disclosed that it
has emerged from Chapter 11 under new owners, including certain
funds and accounts managed by Beach Point Capital Management LP,
Governors Lane, LP, J.P. Morgan Investment Management, Inc.,
Oaktree Capital Management, LP, Roystone Capital Management LP, and
HPS Investment Partners LLC.  The owners are providing new growth
and working capital to the Company and have high expectations for
the Company's long-term success.  With a substantially improved
balance sheet and operating footprint, the Company has greater
financial flexibility to enhance its ability to provide critical
medical care and services to oncology patients across the world.

The leadership of the reorganized 21 [st] Century Oncology includes
a new Governing Board, which includes Thomas Gordon, Mark Stolper,
Fulton Collins, Nilay Mehta, Robert Cook and Jeff Goldberg.
Collectively, the new Board has significant healthcare and
corporate leadership experience.  As its first order of business,
the Board unanimously appointed Kimberly Commins-Tzoumakas as
Interim Chief Executive Officer.

"Kim has been a key part of the executive team for the past few
years, and during the Chapter 11 process she was instrumental in
achieving a resolution of various key issues that ultimately
allowed us to obtain approval of the Plan earlier this month," said
Mr. Goldberg, chair of the new Board.  "Kim will provide important
leadership, stability and continuity as we transition into the
post-Chapter 11 phase and conduct a search for someone to fill the
role on a permanent basis."

Mr. Goldberg added, "We have amazing physicians, a talented senior
leadership team and incredible employees across the organization.
I know I can speak for the full Board and our new ownership when I
say that our team is our greatest asset, and it adds greatly to our
confidence that we can execute on our business plan and become an
even stronger provider of integrated cancer care services. We all
are aligned on the long-term strategy and are fully committed to
what will always be our top priority -- providing the best medical
care possible to our patients."

Ms. Commins-Tzoumakas said, "I am very excited about this
opportunity to help lead 21 [st] Century Oncology during an
important time in the Company's history.  The successful financial
restructuring provides a fresh start and an infusion of capital
from our new ownership group, which demonstrates their confidence
in the Company and its future.  We now have the opportunity to
fully leverage the strengths of our business and the skills of our
medical professionals and other employees. We are very grateful
that our physicians, patients, partners and employees stood by us
as we went through the Chapter 11 process. The Board and I intend
to work as hard as we can to reward their loyalty, support and
patience and to make sure the Company reaches its full potential."

NEW LEADERSHIP BIOGRAPHIES

Thomas Gordon

Thomas Gordon has over 20 years of experience in managing medical
organizations.  He previously served as Executive Vice President of
Cedars-Sinai Health System, as Chief Executive Officer of
Cedars-Sinai Medical Network Services, and as Chief Executive
Officer of the Medical Group of Beverly Hills.  Mr. Gordon teaches
a course on Leadership in the Executive MPH Program, is a preceptor
in the graduate program in Health Policy and Management, and is a
member of the Professional Advisory Council for the Fielding School
of Public Health at the University of California, Los Angeles.  He
also is a guest lecturer at UCLA's Anderson School of Business.  
Mr. Gordon currently serves as the chairman of the board of the DSL
Construction Corporation and a co-trustee of the Don Levin Trust.

Mark Stolper

Mark Stolper is the Executive Vice President and Chief Financial
Officer of RadNet, Inc., the largest owner and operator of
freestanding medical diagnostic imaging centers in the United
States.  Mr. Stolper also currently serves as a member of the board
of directors of Rotech Healthcare (the third largest provider of
respiratory services, sleep apnea and durable medical equipment to
patient homes in the U.S.) and RTI Surgical, Inc. (a developer,
manufacturer, and distributer of orthopedic and other surgical
implants).  Mr. Stolper has also previously served on the board of
directors of several public and private health care companies.

George Fulton Collins

George Fulton Collins currently serves as a partner of Collins
Investments, a privately held family investment company and as CEO
of Collins Capital.  Mr. Collins previously served as the Chairman
and CEO of Network Communications Inc. (nci.com), one of the
largest national media companies serving multi-family and home
improvement real estate markets.  His professional career began in
the consumer products industry working for industry leading
companies like E&J Gallo and Nestle S.A.  Mr. Collins has served on
the board of several privately held companies, including Euramax
International, a multinational building products company, and
Envirotest Systems Holdings, an international leader in vehicle
emissions testing and technology.  Mr. Collins served as the
worldwide Chairman of the Young Presidents' Organization (YPO)
Board for 2013-2014 and was a member of the board of directors from
2010-2015.

Nilay Mehta

Nilay Mehta is a Senior Vice President at Oaktree Capital
Management.  Prior to joining Oaktree in 2014, Mr. Mehta was a
managing director at ALJ Capital Management, where he was
responsible for sourcing and evaluating distressed and special
situation investments, and a managing director at Par-Four
Investment Management.  Mr. Mehta began his career as a senior
research analyst with W.R. Huff Asset Management before joining BNY
Capital Markets, most recently as a Vice President.

Robert Cook

Robert Cook is a Managing Director and the global head of the High
Yield team in the Global Fixed Income, Currency & Commodities
(GFICC) group at J.P. Morgan Asset Management.  Based in
Indianapolis, Mr. Cook is the lead portfolio manager and is
responsible for overseeing high yield total return strategies,
sub-advised mutual fund assets and absolute return credit products.
Prior to joining the firm in 2004, Mr. Cook spent ten years at
40|86 Advisors, most recently as co-head of the Fixed Income
investment process, responsible for managing high yield total
return assets and directing credit research.  Previously, he worked
at PNC Bank's investment banking division in Pittsburgh, where he
was involved with syndicated loans, M&A, private placements and
structured products.

Jeff Goldberg

Jeff Goldberg is chair of the board of LifeCare (a post-acute care
health services company), chair of the board of Corizon Health (a
company providing correctional health care services), and chair of
the board of M*Modal (one of the country's leading providers of
clinical-documentation-improvement services to health care
systems).  In the past, Mr. Goldberg has served as chair of the
board of Physiotherapy Associates (one of the country's largest
physical therapy companies), co-chair of the board of Surgical
Specialties Corporation, a supplier of surgical devices, and
president of IncuMed (Al Mann's technology incubator for
development-level companies).  
Mr. Goldberg has held executive management positions in the health
care industry, including with Advanced Bionics Corporation, Los
Angeles Orthopaedic Hospital (in alliance with UCLA Healthcare),
and the Doheny Eye Institute (affiliated with UCLA Healthcare).

Kimberly Commins-Tzoumakas

Kim Commins-Tzoumakas has served as a member of 21st Century
Oncology's executive team, as an advisor to the board, and as
General Counsel since November 2014.  Before that, she served in an
executive legal role with Carondelet Health Network and was a key
founder of the Michigan office and a board member of Hall Render, a
national health care law firm.

                      About 21st Century

Fort Myers, Florida-based 21st Century Oncology Holdings, Inc.
(NYSEMKT:ICC), formerly Radiation Therapy Services Holdings, Inc.,
is a physician-led provider of integrated cancer care (ICC)
services.  It operates an integrated network of cancer treatment
centers and affiliated physicians in the world which, as of
December 31, 2015, deployed approximately 947 community-based
physicians in the fields of radiation oncology, medical oncology,
breast, gynecological, general surgery and urology.  As of December
31, 2015, the Company's physicians provided medical services at
approximately 375 locations, including over 181 radiation therapy
centers, of which 59 operated in partnership with health systems.
Its cancer treatment centers in the United States are operated
under the 21st Century Oncology brand.

As of Sept. 30, 2016, 2st Century had $1.05 billion in total
assets, $1.39 billion in total liabilities, $472.3 million in
series A convertible redeemable preferred stock, $19.24 million in
non-controlling interests - redeemable and a total deficit of
$833.89 million.

                          *     *     *

As reported by the TCR on Nov. 4, 2016, S&P Global Ratings lowered
its corporate credit rating on 21st Century Oncology Holdings to
'SD' from 'CCC' and removed the ratings from CreditWatch, where
they were placed with negative implications on May 17, 2016.  "The
downgrade follows 21st Century's announcement that it failed to
make the Nov. 1, 2016, interest payment on the 11.0% senior
unsecured notes due 2023," said S&P Global Ratings credit analyst
Matthew O'Neill.  Given S&P's view of the company's debt level as
unsustainable, and ongoing restructuring discussions, it does not
expect a payment to be made within the grace period.


31 TOZER ROAD: Beverly City Not Guilty of Violating G.L.c. 93A
--------------------------------------------------------------
In CITY OF BEVERLY, vs. BASS RIVER GOLF MANAGEMENT, INC., &
another, No. 15-P-171 (Mass. App), the Appeals Court of
Massachusetts ruled in favor of the City of Beverly affirming the
judgment entered by the Superior Court.

In this case, the Appeals Court considered the propriety of actions
taken by the city of Beverly, which owns the Beverly Golf and
Tennis Club, and by Bass River Golf Management, Inc., which
operated the facility for almost two years pursuant to a management
contract with the city. On March 11, 2011, the city commenced an
action in the Superior Court against Bass River and 31 Tozer Road,
L.L.C., the guarantor of Bass River's payment obligations to the
city, asserting claims for breach of contract against each party
and seeking damages. Bass River filed counterclaims against the
city which alleged violations of G. L. c. 93A, breach of contract,
breach of an implied covenant of good faith and fair dealing,
breach of warranty, and conversion.

Following a trial, the jury, in response to special questions,
found that Bass River had breached its management contract with the
city, that Tozer had guaranteed Bass River's payment obligations,
and that the city was entitled to damages of $631,969.63. The jury
also found that the city had violated the covenant of good faith
and fair dealing in its contractual relationship with Bass River
and that the city had converted Bass River's property. The jury
awarded Bass River damages of $48,967.33. Thereafter, the judge
determined that Bass River had not proved that the city violated G.
L. c. 93A.

Bass River and Tozer filed a motion to amend the findings of facts
and rulings of law, to amend the judgment, or, in the alternative,
for a new trial. The judge amended the judgment against Tozer to
$600,000, in conformity with the language of the guaranty. In all
other respects, the motion was denied. An amended final judgment
entered on Oct. 3, 2014, adding interest accrued on the damages
awarded by the jury, limiting the judgment against Tozer as
guarantor, and dismissing the parties' remaining claims and
counterclaims. Bass River and Tozer appealed, contending that the
judge erred in (1) denying their motion for a directed verdict; (2)
denying their motion to amend the judgment or for a new trial; (3)
refusing to give, or improperly giving, particular jury
instructions; and (4) dismissing the counterclaim alleging
violations of G. L. c. 93A.

On Nov. 10, 2016, Tozer filed a voluntary petition for bankruptcy
under Chapter 11 of the United States Bankruptcy Code. Tozer then
filed a suggestion of bankruptcy with this court, requesting that
the present appeal be stayed. In their supplemental briefs, both
parties contend that this appeal should be stayed as to Tozer, but
not as to Bass River. The Appeals Court agrees.

As a preliminary matter, the city argues that Bass River has waived
its right to seek appellate review of the denial of its motion for
a directed verdict because it did not renew such motion at the
close of all the evidence. The Court agrees. Notwithstanding the
fact that several relevant portions of the transcript are largely
inaudible, there is nothing to suggest that Bass River renewed its
motion for a directed verdict at the conclusion of the presentation
of its own evidence, or that it attempted to reconstruct the
transcript to reflect the fact that this motion had been made. By
failing to take such action, Bass River waived its right to appeal
from the denial of its motion. The Appeals Court concludes,
therefore, that the judge did not err in denying Bass River's
motion for a directed verdict with respect to the city's breach of
contract claim.

Bass River argues that the judge erred in dismissing its
counterclaim pursuant to G. L. c. 93A, section 11. In Bass River's
view, the judge incorrectly determined that the city was not
engaged in "trade or commerce" when dealing with Bass River and,
further, that even if the city was so engaged, the city's conduct
was not unfair or deceptive within the meaning of the statute.

Based on the evidence presented at trial, the judge stated that
Bass River was aware of the physical condition of the clubhouse,
including the fact that the second floor was not accessible to
persons with disabilities, when it entered into the assignment of
the management contract. The judge further stated that no legally
authorized agent for the city had made binding representations
concerning a specific time frame for the completion of renovations
to the clubhouse, and the management contract was silent on the
matter. In addition, the judge stated that, although financial
constraints precluded the city from immediately performing all of
the repairs and improvements contemplated by the management
contract and the Gale reports, the city did undertake such projects
as municipal finances permitted. On that basis, the Court cannot
say that the city's dealings with Bass River rose to the level of
unscrupulous, coercive, or "[i]ntentionally gainful misconduct"
that is characteristic of wrongdoing under G. L. c. 93A.
Accordingly, the Court concludes that the judge did not err in
dismissing Bass River's c. 93A counterclaim.

A full-text copy of the Appeals Court's Decision dated Jan. 5, 2018
is available at https://is.gd/GfkRZ3 from Leagle.com.

Denis J. Sullivan -- dsullivan@barclaydamon.com -- for the
defendants.

Eitan Y. Goldberg , Assistant City Solicitor (Stephanie M.
Williams, City Solicitor, also present) for the plaintiff.

                  About 31 Tozer Road

31 Tozer Road, LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Mass. Case No. 16-14309) on November 10,
2016.  The petition was signed by Manuel C. Barros, manager.  

The case is assigned to Judge Joan N. Feeney.

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


417 RENTALS: March 21 Plan and Disclosure Statement Hearing
-----------------------------------------------------------
Judge Cynthia A. Norton of the U.S. Bankruptcy Court for the
Western District of Missouri conditionally approved 417 Rentals,
LLC's disclosure statement to accompany its plan of reorganization
dated Jan. 5, 2018.

March 21, 2018 at 11:00 a.m. is fixed for the hearing on final
approval of the disclosure statement and for the hearing on
confirmation of the plan and related matters at Bankruptcy Crtrm
222 N. John Q Hammons Pkwy Springfield, MO.

March 6, 2018 at 11:00 a.m. by telephone is the date for status
hearing to discuss any confirmation issues that should arise.

Feb. 27, 2018 is the deadline for:

   A. Filing with the Court objections to the disclosure statement
or plan confirmation; and

   B. Submitting to counsel for the plan proponent ballots
accepting or rejecting the plan.

                      About 417 Rentals

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


ACADIANA MANAGEMENT: PCO Files 3rd Interim Report for C. Indiana
----------------------------------------------------------------
Susan N. Goodman, the patient care ombudsman for Acadiana
Management Group, LLC, submits her third interim report regarding
her evaluation of the quality of patient care provided at Central
Indiana AMG Specialty Hospital.

On her visit to the Hancock Facility, the PCO did not observe
patient care decline. Many staff reported being told that the
bankruptcy "was finished" as of mid- December. Accordingly, PCO
clarified that PCO engagement continued through plan confirmation,
not just through plan disclosure.

Census at Hancock was 6 at the time of PCO's visit. Maximum
capacity at this location is 14. Staff reported that the census had
been quite high in the week before PCO's visit. Debtor's staffing
matrix does not generally allow for aide support to the nursing
staff until a census of 10 is reached. Clinical staff noted several
challenges with two nurses covering 9 patients over the weekend.
Immediate patient safety concerns; however, were denied. While
these staffing ratios are consistent with the Debtor's staffing
matrix, multiple team members voiced concern that this minimal
staffing coverage created strain and could not be maintained over
an extended period. Patient interviews also reflected a perception
that staff was "stretched thin," leading to episodic extended-wait
times for nursing to respond to the call-light request.

At the Muncie facility, the PCO observed 14 patients at the time of
her visit with a potential maximum capacity of 18. Clinical
staffing included a charge nurse, three nurses, and one tech/aide.
PCO observed care, engaged with clinical, pharmacy, therapy, case
management, dietary, environmental services, registered dietician,
admitting, HIM, quality, and wound care staff. PCO also interviewed
about 40% of the patient population, including family members, and
spoke with the two physicians rounding at the facility.

The PCO will remain engaged remotely, as needed, on improvement
efforts in several key areas. Other than the loss of visa-program
nurses as a consequence of the bankruptcy, PCO did not observe any
other patient impact concerns that could be attributed to the
bankruptcy.

The PCO anticipates plan confirmation before a fourth site
visit/report will be necessary. The PCO encouraged site staff to
reach out should any concerns arise between the filing of this
report and plan confirmation, particularly if strained staffing
dynamics continue. The PCO will follow-up accordingly if any
concerns are reported.

A full-text copy of the PCO's Third Interim Report dated Jan. 9,
2018 is available at:

     http://bankrupt.com/misc/lawb17-50799-646.pdf

                    About Acadiana Management

Acadiana Management and several affiliates sought Chapter 11
bankruptcy protection (Bankr. W.D. La. Lead Case No. 17-50799) on
June 23, 2017.  The petitions were signed by August J. Rantz, IV,
president. Acadiana Management estimated assets of less than
$50,000 and debt at $50 million and $100 million.

Judge Robert Summerhays presides over the cases.  Gold, Weems,
Bruser, Sues & Rundell, serves as the Debtors' bankruptcy counsel.

On July 28, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.

Susan Goodman was appointed as patient care ombudsman.


ACCESS PROGRAMMING: Voluntary Chapter 11 Case Summary
-----------------------------------------------------
Debtor: Access Programming Services, Inc
        3965 Investment Ln, Ste A-5
        West Palm Beach, FL 33404-1787

Type of Business: Access Programming Services, Inc. is a
                  privately held company specializing in the
                  development of custom computer software.

Case No.: 18-10624

Chapter 11 Petition Date: January 17, 2018

Court: United States Bankruptcy Court
       Southern District of Florida (West Palm Beach)

Debtor's Counsel: Julianne R. Frank, Esq.
                  JULIANNE FRANK, PA
                  4495 Military Trail, Suite 107
                  Jupiter, FL 33458
                  Tel: 561.389-8660
                  E-mail: julianne@jrfesq.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Harold Tyler Bell, COO.

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

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

          http://bankrupt.com/misc/flsb18-10624.pdf


ADVANCED SOLIDS: $570K Sale of Personal Property Approved
---------------------------------------------------------
Judge Ronald B. King of the U.S. Bankruptcy Court for the Western
District of Texas authorized Advanced Solids Control, LLC's sale of
(i) first 2011 Cargo Craft 7x14 Expedition trailer to Sparky's
Landscaping Services for $2,000 and second 2011 Cargo Craft 7x14
Tandem trailer for the minimum price of $1,500; (ii) 24 centrifuge
packages and miscellaneous additional equipment to Campbell
Oilfield Rentals, Ltd. for $549,750; and (iii) 11 20-yard round
bottom split containers S. Brothers Waste Services, Inc. for
$16,500 ($1,500 each).

The sale of the equipment is "as is, where is," and free and clear
of all liens, claims and encumbrances.

The sale proceeds from the sales are to be paid to WTF Rentals, LLC
as a partial payment towards WTF Rentals, LLC's secured claim.

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

    http://bankrupt.com/misc/Advanced_Solids_236_Order.pdf

                   About Advanced Solids Control

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

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

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


AEROGROUP INT'L: Implementation of Reorganization Plan Amended
--------------------------------------------------------------
Aerogroup International, Inc., and affiliates filed with the U.S.
Bankruptcy Court for the District of Delaware a second amended
joint plan of reorganization dated Jan. 9, 2018.

The latest filing amends the plan implementation as follows:

     "On the Effective Date, the Debtors or the Reorganized
Debtors, as applicable, will effectuate the Reorganization
Transactions and will take any actions as may be necessary or
advisable to effect a corporate restructuring of their respective
businesses or a corporate restructuring of the overall corporate
structure of the Debtors, to the extent provided herein.

     "The actions to implement the Reorganization Transactions may
include, consistent with the IPCO Transaction Documents: (i) the
execution and delivery of appropriate agreements or other documents
of merger, amalgamation, consolidation, restructuring, conversion,
disposition, transfer, arrangement, continuance, dissolution, sale,
purchase, or liquidation containing terms that are consistent with
the terms of the Plan and that satisfy the requirements of
applicable law and any other terms to which the applicable Entities
may agree, including the formation of the entity or Entities that
will comprise the Reorganized Debtors; (ii) the execution and
delivery of appropriate instruments of transfer, assignment,
assumption, or delegation of any asset, property, right, liability,
debt, or obligation on terms consistent with the terms of the Plan
and having other terms for which the applicable parties agree;
(iii) the filing of appropriate certificates or articles of
incorporation, formation, reincorporation, merger, consolidation,
conversion, amalgamation, arrangement, continuance, dissolution, or
other organizational documents pursuant to applicable state law;
(iv) the execution and delivery of the New Governance Documents;
(v) the execution and delivery of the IPCO Transaction Documents,
subject to any post-closing execution and delivery periods provided
for in the IPCO License Agreement; (vi) the execution of the Term
Loan Exit Notes Documents and the issuance of the Term Loan Exit
Notes to the Holders of the Term Loan Claims, if applicable; (vii)
the execution and delivery of the Exit Financing Documents, subject
to any post-closing execution and delivery period provided for
therein; (viii) the issuance of the Reorganized Holdco Equity in
accordance with the Plan; and (ix) after cancellation of the Equity
Interests in AGI Holdco, all other actions that the applicable
Entities determine to be necessary or advisable, including making
filings or recordings that may be required by law in connection
with the Plan."

A full-text copy of the Second Amended Joint Plan of Reorganization
is available at:

     http://bankrupt.com/misc/deb17-11962-468.pdf

             About Aerogroup International Inc.

Aerogroup International, Inc. -- http://www.aerosales.com/-- was
established in 1987 through a buyout of the What's What division of
Kenneth Cole.  Doing business as Aerosoles, the company is a New
Jersey-based women's footwear brand offering a wide array of
footwear, including heels, flats, wedges, boots and sandals that
appeal to broad consumer tastes.

With plans to close 74 of 78 stores they are operating, Aerogroup
International, Inc., and five affiliated debtors each filed a
voluntary petition for relief under Chapter 11 of the Bankruptcy
Code (Bankr. D. Del. Lead Case No. 17-11962) on Sept. 15, 2017.

The cases are pending before the Honorable Kevin J. Carey.

Aerosoles disclosed $73 million in assets and $109 million in
liabilities as of the Petition Date.

Aerosoles' legal advisor in connection with the restructuring is
Ropes & Gray LLP.  The Debtors hired Bayard, P.A. as co-counsel;
Berkeley Research Group, LLC as restructuring advisor; and
EisnerAmper, LLC, as accountant.  Hilco Merchant Resources is
assisting on store closings.  Prime Clerk LLC is the claims and
noticing agent.

On September 26, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  No trustee or examiner
has been appointed.


AEROGROUP INT'L: Wants to Maintain Exclusivity Through April 16
---------------------------------------------------------------
Aerogroup International, Inc., and affiliates the U.S. Bankruptcy
Court for the District of Delaware to extend the exclusive periods
to file a chapter 11 plan or plans and to solicit acceptances of
such plan(s) for approximately 90 days through and including April
16, 2018, and June 12, 2018, respectively.

A hearing on the Debtors' Motion will be held on Feb. 14, 2018 at
10:00 a.m. Objection deadline is on Jan. 26.

On Oct. 24, 2017, the Debtors filed a chapter 11 plan of
reorganization and a related disclosure statement.  The Original
Plan contemplated either a restructuring scenario or a liquidation
scenario.

Following the filing of the Original Plan, the Debtors agreed to
the terms of a license agreement, a retail distribution agreement,
and an asset purchase agreement with GBG USA Inc. Accordingly, on
December 4, 2017, the Debtors filed their first amended joint plan
of reorganization and the disclosure statement. The first amended
plan removed the liquidation scenario present in the Original Plan
and refined concepts related to the reorganization and sale to
GBG.

The Court approved the Debtors' disclosure statement on December 6,
2017. Shortly thereafter, the Debtors began solicitation of
acceptances of the chapter 11 plan. At the close of the voting
deadline on January 9, 2018, all voting classes had unanimously
accepted the Debtors' plan.

On January 9, 2018, the Debtors filed the Debtors' Second Amended
Joint Plan of Reorganization and the Court held an initial
confirmation hearing on January 11, 2018, which hearing will
continue on January 17, 2018 at 10:00 a.m.

Absent any extension, the Debtors' exclusive periods to file and
solicit a plan pursuant to Bankruptcy Code section 1121 expire on
January 14, 2018 and March 14, 2018, respectively.

The Debtors assert that their efforts throughout these Chapter 11
Cases have been focused upon the execution of a comprehensive
reorganization to maximize the value of the Debtors' assets for the
benefit of its creditors. Although the Debtors believe it is likely
that the Plan will be confirmed at the hearing scheduled for
January 17, 2018, the Debtors seek for an extension of their
exclusive periods out of an abundance of caution to preserve their
rights.

The Debtors contend that their Chapter 11 Cases have presented
various complex and time consuming issues, including conducting
store closing sales and addressing landlord issues, negotiating
agreements with GBG USA Inc., developing and prosecuting a plan and
disclosure statement, and attending to myriad other matters. These
issues have required the full focus of the Debtors and their
professionals since the Petition Date.

                 About Aerogroup International

Aerogroup International, Inc. -- http://www.aerosales.com/-- was
established in 1987 through a buyout of the What's What division of
Kenneth Cole.  Doing business as Aerosoles, the company is a New
Jersey-based women's footwear brand offering a wide array of
footwear, including heels, flats, wedges, boots and sandals that
appeal to broad consumer tastes.

With plans to close 74 of 78 stores they are operating, Aerogroup
International, Inc., and five affiliated debtors each filed a
voluntary petition for relief under Chapter 11 of the Bankruptcy
Code (Bankr. D. Del. Lead Case No. 17-11962) on Sept. 15, 2017.

The cases are pending before the Honorable Kevin J. Carey.

Aerosoles disclosed $73 million in assets and $109 million in
liabilities as of the Petition Date.

Aerosoles' legal advisor in connection with the restructuring is
Ropes & Gray LLP.  The Debtors hired Bayard, P.A. as co-counsel;
Berkeley Research Group, LLC as restructuring advisor; and
EisnerAmper, LLC, as accountant. Hilco Merchant Resources is
assisting on store closings.  Prime Clerk LLC is the claims and
noticing agent.

On Sept. 26, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  No trustee or examiner
has been appointed.


AMDIRADDO LLC: Plan and Disclosures Hearing Set for Feb. 28
-----------------------------------------------------------
Judge Robert E., Littlefield, Jr. of the U.S. Bankruptcy Court for
the Northern District of New York conditionally approved Amdiraddo,
LLC's small business disclosure statement referring to a chapter 11
plan dated Jan. 8, 2018.

Feb. 21, 2018 is fixed as the last day for filing written
acceptances or rejections of the Plan.

The hearing on final approval of the Disclosure Statement and
confirmation of the Plan is set for 10:30 a.m. on Feb. 28, 2018 at
U.S. Courthouse, 445 Broadway, Suite 306, Albany, NY.

Written objections to the Disclosure Statement must be filed and
served no later than seven days prior to the Disclosure Hearing
date.

Written objections to confirmation of the Plan must be filed and
served no later than seven days prior to the hearing on
confirmation.

The bankruptcy case is in re: Amdiraddo, LLC, Case No. 18-10010
(Bankr. N.D.N.Y.).



AMERICAN APPAREL: Seeks May 14 Exclusive Plan Filing Extension
--------------------------------------------------------------
APP Winddown LLC and its affiliates ask the U.S. Bankruptcy Court
for the District of Delaware to extend the exclusive periods during
which the Debtors have the exclusive right to file a chapter 11
plan, by approximately 120 days, from Jan. 12, 2018 to May 14,
2018, and the period during which the Debtors have the exclusive
right to solicit acceptances thereof through and including July 14,
2018.

A hearing will be held on Feb. 22, 208 at 11:00 a.m. during which
time the Court will consider the Debtors' Motion for exclusivity
extension.  Objections are due on Jan. 26.

The Debtors recently obtained Court approval of a settlement with
their prepetition lenders that, among other things, resolved
various inter-creditor disputes ("Lender Settlement"). With that
resolution in place, the Debtors are in the process of negotiating
a chapter 11 plan that effectuates both the Lender Settlement and
the January 2017 settlement among the Debtors, their Creditors'
Committee, and the Litigation Trustee in the Debtors' 2015 chapter
11 cases. The Debtors are optimistic that, in the coming weeks,
they will be able to propose, and ultimately confirm, a chapter 11
plan in these cases.

During these chapter 11 cases, the Debtors have been working
diligently toward winding down their estates. The Debtors have made
substantial progress in the liquidation of their assets and the
winding down of their estates.  Following a robust auction, on
February 8, 2017, the Debtors consummated the sale of their
intellectual property and certain wholesale assets to Gildan
Activewear, SRL.

The Debtors thereafter liquidated their retail inventory through
store closing sales, which concluded in April 2017. In conjunction
with these efforts, by mid-2017, the Debtors had completely exited
all of their leased locations -- including their headquarters and
manufacturing facilities, distribution center, and retail stores.
In addition to these operational efforts, the Debtors have also
filed ten omnibus claims objections, primarily to administrative,
priority, and/or secured claims in these cases.

With Court's recent approval of the Lender Settlement, the Debtors
contend that they are now in position to incorporate that
Settlement, together with the UCC Settlement, into what they
believe will be a consensual plan resolving these cases. The
requested extension of the Exclusive Periods will afford the
Debtors the opportunity to draft and, to the extent necessary,
negotiate, the proposed plan with their key constituents.

The Debtors assert that the requested extension will maintain the
status quo and permit the Debtors to seek confirmation of the
contemplated plan without the interruption or costs attendant to
any competing plan process. The Debtors are hopeful that they
ultimately will not require the full Exclusive Periods to complete
she plan confirmation process, but seek the extensions in an
abundance of caution in the event of unexpected delays.

                      About American Apparel

American Apparel Inc. was one of the largest apparel manufacturers
in North America, employing 4,700 employees across 3 active
manufacturing facilities, one distribution facility and
approximately 110 retail stores in the United States.

American Apparel and its affiliates filed for chapter 11 protection
in October 2015, confirmed a fully consensual plan of
reorganization in January 2016, and substantially consummated that
plan on Feb. 5, 2016.  Unfortunately, the business turnaround plan
upon which the Debtors' plan of reorganization was premised
failed.

American Apparel LLC, n/k/a APP Windown, LLC, along with five of
its affiliates, again sought bankruptcy protection (Bankr. D. Del.
Lead Case No. 16-12551) on Nov. 14, 2016, with a deal to sell the
assets.  The petitions were signed by Bennett L. Nussbaum, chief
financial officer.

As of the bankruptcy filing, the Debtors estimated assets and
liabilities in the range of $100 million to $500 million.  As of
the Petition Date, the Debtors had outstanding debt in the
aggregate principal amount of approximately $215 million under
their prepetition credit facility.  Additionally, the Debtors have
guaranteed one of its United Kingdom subsidiaries' obligations
under a $15 million unsecured note due Oct. 15, 2020, according to
court document.

The Debtors have hired Laura Davis Jones, Esq. and James E.
O'Neill, Esq., at Pachulski Stang Ziehl & Jones LLP as counsel;
Erin N. Brady, Esq., Scott J. Greenberg, Esq., and Michael J.
Cohen, Esq., at Jones Day as co-counsel; Berkeley Research Group,
LLC as financial advisors; Houlihan Lokey as investment banker; and
Prime Clerk LLC, as claims and noticing agent.

The Official Committee of Unsecured Creditors is represented by
lawyers at Bayard P.A. and Cooley LLP.

In early 2017, the Debtors succeeded in selling their intellectual
property and certain of their wholesale assets to Gildan Activewear
SRL for approximately $100 million.  The Court approved the Sale on
Jan. 12, 2017, and the Sale closed on Feb. 8, 2017.

On Feb. 9, 2017, in accordance with the closing of the Sale and the
Sale Order, the Debtors filed appropriate documentation to change
their names as:

      New Name                     Former Name
      --------                     -----------
  APP Winddown, LLC             American Apparel, LLC
  APP USA Winddown, LLC         American Apparel (USA), LLC
  APP Retail Winddown, Inc.     American Apparel Retail, Inc.
  APP D&F Winddown, Inc.        American Apparel Dyeing &
                                    Finishing, Inc.
  APP Knitting Winddown, LLC    KCL Knitting, LLC
  APP Shipping Winddown, Inc.   Fresh Air Freight, Inc.


AMERIFLEX ENG'G: Has 30 Days After Adv. Case Ruling to File Plan
----------------------------------------------------------------
The Hon. Thomas M. Renn of the U.S. Bankruptcy Court for the
District of Oregon, upon the behest of Ameriflex Engineering, LLC,
has extended (a) the deadline to file a plan and disclosure
statement as well as the exclusivity period until thirty 30 days
after a Ruling is made in the Ameriflex v. Michael Zoller adversary
proceeding, and (b) the deadline for Ameriflex to obtain
confirmation of the plan until sixty days after the plan is filed.

The Troubled Company Reported has previously reported that the
Debtor asked the Court to extend the deadline to file a
restructuring plan and disclosure statement and the exclusivity
period until 30 days after a ruling is made in the Ameriflex v.
Michael Zoller adversary proceeding.

Ameriflex explained that the current deadlines do not provide the
Debtor with sufficient time to file a plan because the parties and
the Court have recognized that it makes more sense and would be
more efficient for the Debtor to file its plan after the Court
issues its ruling on the pending summary judgment motions in the
adversary proceeding.  The Court heard oral argument on the
parties' cross motions for summary judgment on Aug. 30, 2017, and
took supplemental briefing through Sept. 29, 2017.  The matter is
currently under advisement.

The Debtor said that it is ready, able and willing to finalize and
file its Disclosure Statement and Plan.  The Debtor has already
prepared and circulated a draft.  However, the Debtor said that it
simply cannot finalize and file its Disclosure Statement and Plan
until the Court has issued its ruling.  The Court and the parties
acknowledged that fact and the Court has accordingly held on two
occasions that "no plan will be filed" in this case until the Court
issues its Ruling.

Once the Ruling is issued, the Debtor will promptly: (1) update its
Plan and Disclosure Statement, (2) circulate drafts to creditors
pursuant to LBR 3017.1-1(a), and (3) confer with creditors
regarding any disclosure statement objections.  The Debtor said
that only after those steps are taken can the Debtor file and seek
conditional approval of the disclosure statement.  Once approved,
the Debtor can file its plan and ask the court to set a
confirmation hearing and ballot deadline.

Ameriflex anticipated Michael Zoller will object to the plan and a
contested confirmation hearing will be necessary.  Once the Court
approves a disclosure statement and sets a confirmation hearing,
the Debtor must provide a minimum of 28 days' notice to creditors
of the voting deadline, deadline to object to the plan, and
confirmation hearing date.  Once objections are filed at the end of
that period of time, time will be needed for the Debtor to prepare
and file response briefs.  Additional filings will also likely be
necessary such as witness and exhibit lists. A 45-day time frame is
simply unrealistic. Judge Hercher recently found that a minimum of
49 days are required.  A 60-day time frame is conservative but
realistic, the Debtor said.

The Debtor has received some positive feedback from creditors and
believed that at least one class of impaired claims will vote in
favor of its plan (not including acceptance of the plan by
insiders).  Additionally, it is very unlikely that confirmation of
the Debtor's plan will be followed by liquidation and the creditors
in this case will receive more in the plan than in liquidation.
The Debtor's financial advisor has prepared a liquidation analysis
that further supports this conclusion.  Although the Debtor's
business continues to be affected by the bankruptcy filing, its
monthly reports demonstrate that its business continues to generate
net income that can be used over the plan period to make
substantial payments to its creditors.

                   About Ameriflex Engineering

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

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

The case is assigned to Judge Thomas M. Renn.  

The Debtor hired Tara J. Schleicher, Esq., at Farleigh Wada Witt,
as bankruptcy counsel; Ball Janik LLP as special counsel; and
Cramer & Associates as accountant.

No trustee, examiner or committee has been appointed.


AMPLIPHI BIOSCIENCES: Empery Discloses 7.5% Stake as of Jan. 10
---------------------------------------------------------------
In a Schedule 13G filed with the Securities and Exchange
Commission, Empery Asset Management, LP, Ryan M. Lane, and Martin
D. Hoe reported that as of Jan. 10, 2018, they beneficially own
1,000,000 shares of common stock and 149,449 shares of Common Stock
issuable upon exercise of Warrants of AmpliPhi Biosciences
Corporation, constituting 7.50 percent of the shares outstanding.
The percentage is based on 13,325,595 shares of Common Stock issued
and outstanding as of Jan. 10, 2018 pursuant to the Prospectus
Supplement filed with the SEC on Jan. 11, 2018 on Form 424(b)(5)
and assumes the exercise of the Reported Warrants subject to the
Blockers.

Pursuant to the terms of the Reported Warrants, the Reporting
Persons cannot exercise any of the Reported Warrants to the extent
the Reporting Persons would beneficially own, after any such
exercise, more than 4.99% of the outstanding shares of Common
Stock.  Consequently, as of Jan. 10, 2018, the Reporting Persons
were not able to exercise any of the Reported Warrants due to the
Blockers.
       
A full-text copy of the regulatory filing is available at:

                    https://is.gd/YlrEXA

                  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.


ARMSTRONG ENERGY: Unsecureds to be Paid from $2.2MM GUC Reserve
---------------------------------------------------------------
Armstrong Energy, Inc., and its affiliates filed with the U.S.
Bankruptcy Court for the Eastern District of Missouri a second
amended joint Chapter 11 plan dated Jan. 9, 2018.

The latest plan proposes to pay each holder of an allowed general
unsecured claim its pro rata share of the GUC Reserve Amount of
$2,200,000.

The previous version of the plan asserted that class 4 general
unsecured creditors will receive its pro rata share of the GUC
Distribution Proceeds. The projected amount of allowed claims or
interests for this class is $124,097,700 to $127,847,700. Estimated
recovery for this class is 0-1%.

A copy of the Second Amended Joint Chapter 11 Plan is available
at:

     http://bankrupt.com/misc/moeb17-47541-384.pdf

                   About Armstrong Energy Inc.

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

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

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

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

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

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


ARO LIQUIDATION: Files Motion to Sell Visa/MasterCard Claim
-----------------------------------------------------------
ARO Liquidation, Inc., filed a voluntary petition under Chapter 11
of the Bankruptcy Code on May 16, 2016 - case 16-11275 (SHL)
currently pending in the Southern District of New York.

Development Specialists, Inc. ("DSI") was retained to provide
management and restructuring services and William A. Brandt Jr. of
DSI was designated as the Chief Restructuring Officer (CRO).  As
part of the wind down of the operations and liquidation of the
remaining assets, the Company is selling what is commonly referred
to as the Visa/MasterCard Litigation Claim ("the Claim").  The
Claim is the subject of continuing class action litigation related
to the possible recovery of Payment Card Interchange Fees and
Merchant Discount Fees.

The Company has entered into a "stalking horse" agreement for the
sale of the Claim in the amount of $1,000,000.  The sale will be
"free and clear of all liens, claims and encumbrances" pursuant to
Bankruptcy Court Order and will be subject to higher bids.
Competing bids must be at least $1,050,000.

Parties interested in gathering further information on the Claim
and the sale process, should contact John Wheeler of DSI.  All
competitive offers for the Claim must be submitted via a specific
process, no later than 4:00pm (EST), February 9, 2018, to be
considered a qualified bid.  If any qualified bids are received by
the deadline, an open auction for parties submitting qualified
bids, will take place at 10:00am (EST), Monday, February 12, 2018,
at the law offices of TOGUT, SEGAL & SEGAL, LLP, located at One
Penn Plaza, Suite 3335, New York, NY 10119.

                            About DSI

For nearly 40 years, DSI -- http://dsi.biz/-- has been a leading
provider of management consulting and financial advisory services,
including turnaround consulting, fiduciary roles, financial
restructuring, litigation support, wind-down oversight and forensic
accounting services.  The company has offices in New York, Chicago,
Los Angeles, San Francisco, Miami, and Columbus.

                     About ARO Liquidation

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

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

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

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

Judge Sean H. Lane is assigned to the cases.

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

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


AUTO SUPPLY: Fisher Auto Buying All Assets for $10 Million
----------------------------------------------------------
Auto Supply Co., Inc., asks the U.S. Bankruptcy Court for the
Middle District of North Carolina to authorize its bidding
procedures and its Asset Purchase Agreement with Fisher Auto Parts,
Inc., in connection with the sale of substantially all of its
assets for $10 million subject to adjustments, subject to overbid.

The Debtor's business has been adversely impacted by several
identifiable trends in the OEM Parts and Aftermarket Parts
industry.  Notwithstanding the liquidity problems suffered by
Debtor over the past year, it believes its business strategy and
future prospects remain fundamentally strong.  It desires to
implement the strategic acquisition of its business and obtain the
highest and best price from potential suitors for the benefit of
its creditors.

To accomplish this in an orderly and transparent fashion, and
obtain the highest and best price from potential suitors for the
benefit of its creditors, the Debtor has received from Fisher an
offer to purchase substantially all of its assets pursuant to the
APA.  The Debtor believes such a strategic acquisition will
preserve its business, maintain jobs for its employees, and
continue to enhance the communities in which it operates its Retail
Stores and Distribution Centers.

To ensure maximum value is being received for the Assets, the
Debtor has negotiated with Fisher for it to act as and be
designated a "stalking horse" bidder, which permits the Debtor to
continue to market its business and assets to other interested
strategic buyers or investors.  In the event competitive bids are
received by the Debtor, Fisher's offer would be an opening bid at
an auction sale, and other interested parties would be invited to
submit competitive bids.

To the extent necessary, Fisher has also agreed to be a supplier of
inventory to Debtor post-petition, on a Cash on Delivery basis.  It
will sell to the Debtor at a competitive price, and the Debtor will
be able to buy certain brands which will create efficiencies in its
inventory supply.  The Debtor anticipates inventory purchased from
Fisher will have a very short shelf-life, such that it is not its
expectation that Fisher will be re-purchasing the inventory from
the Debtor under the APA.

The Assets are encumbered by the security interests of Wells Fargo
Bank, National Association and AC Delco/General Motors Corp.
Pursuant to a Credit Agreement, dated as of Dec. 11, 2014 by and
among the Debtor, Partland, LLC, an affiliate of the Debtor, and
Wells Fargo, and the other "Loan Documents," the Debtor and
Partland are jointly and severally liable to Wells Fargo for: (i) a
revolving line of credit through Wells Fargo in the original amount
of $15,000,000 and (ii) a term loan with Wells Fargo in the amount
of $1,650,000.  The WF Prepetition Debt is secured by properly
perfected security interests in substantially all of the Debtor's
and Partland's assets ("Collateral").  The current aggregate
outstanding balances owed under the Revolving Facility and the Term
Loan as of the Petition Date is approximately $10,048,896.

The Debtor has a Distribution Agreement with General Motors, LLC,
to market and sell AC Delco and General Motors Aftermarket Parts
and products at its Retail Stores, which Distribution Agreement has
been modified, amended and renewed from time to time.  The Debtor
has been an AC Delco distributor since 1999.  The Debtor purchases
AC Delco products on credit terms.

To secure the debt, GM has a purchase money security interest in
the AC Delco products sold to the Debtor, as well as a blanket lien
on all other personal property assets owned by the Debtor pursuant
to a Security Agreement executed by Debtor on Sept. 11, 2003.  The
current outstanding balance owed under the GM Credit Account is
$3,586,647.  GM subordinated its liens to Wells Fargo by written
Intercreditor and Subordination Agreement dated Sept. 11, 2014.
Upon information and belief, Wells Fargo holds a first priority
security interest in the Assets, and GM holds a second priority
security interest in the Assets.

The Debtor is not aware of any liens, claims, encumbrances or
interests in the Assets, other than the claims and liens of Wells
Fargo and GM.

The Debtor has a Warehouse Distributor Sales Agreement with Ford
Motor Co. to market and sell Motorcraft and Ford Aftermarket Parts
and products at its Retail Stores, which Distributor Agreement is
modified, amended and renewed from time to time.  The Debtor has
been a Motorcraft distributor since 2002.  It purchases Motorcraft
products on credit terms.

To secure the debt, Ford has a purchase money security interest in
the Motorcraft Inventory sold to the Debtor pursuant to a "Security
Agreement executed by Debtor on Sept. 14, 2014.  The current
outstanding balance owed under the Ford Credit Account is
$3,040,981.  Ford subordinated its liens to Wells Fargo by written
Subordination Agreement dated Aug. 28, 2014.

The Debtor asks authority to sell the Assets at a public auction
sale pursuant to Section 363 of the Bankruptcy Code, after which it
intends to file a Plan of Liquidation which will classify and treat
claims against its estate.  Wells Fargo and GM have liens in the
Motorcraft Inventory, in addition to Ford's purchase money security
interest in the Motorcraft Inventory.

The salient terms of the APA Procedures are:

     a. Assets To Be Sold: The assets to be sold are substantially
all of the Debtor's inventory, accounts receivable, vehicles,
furniture, fixtures and equipment, its intellectual property, its
miscellaneous tangible personal property, and other intangible
assets, all as particularly defined in the APA, and described in
detail in the APA and its Exhibits attached thereto.

     b. Assumption and Assignment of Contracts and Leases: The
Debtor will assume and assign certain, specified real estate
leases, equipment leases, services agreements and supplier
contracts designated for assumption and assignment to Fisher.  For
a period of 30 days following the execution of the APA, Fisher has
the right to delete up to three of the real estate leases and any
equipment leases, service agreements or supplier contracts from the
applicable schedules of Leases and Contracts.

     c. Purchase Price: The gross purchase price for the Assets is
$10,000,000, as may be adjusted downward by actual inventory,
accounts receivable and equipment values at Closing, free and clear
of all liens, claims, interests and encumbrances.

     d. Expense Reimbursement: $350,000

     e. Closing: A closing will take place within three business
days of the date after the order approving the sale of the Assets
to Fisher becomes a final non-appealable order, unless Fisher
agrees to an earlier closing.

     f. No Representations or Warranties: The Assets are being sold
"as is" and "where is" and Fisher acknowledges and agrees that,
except as otherwise expressly provided in the APA, the Debtor makes
no representations or warranties whatsoever, express or implied,
with respect to any matter relating to the Assets.

The Stalking Horse Offer represents a fair and reasonable price for
the Assets, derived through arms-length negotiations, and after
full and proper exposure of the Assets to be sold to the
marketplace.  It is Debtor's business judgment that the sale of
Assets for the Stalking Horse Offer is in the best interest of
creditors and the estate, represents a sound exercise of its
business judgment and, accordingly, the form of the APA should be
approved by the Court for a sale to Fisher, or other Successful
Bidder at the Auction.

In the event Fisher is the only bidder, and no Auction transpires,
the Debtor will have no liability for any commissions, investment
banking fees, finder's fees, broker's fees or other similar fees in
connection with the APA.  However, in the event Fisher is not the
Successful Bidder, it will ask approval from the Court of a Success
Fee to be paid to The Finley Group ("TFG").  

Prior to the Petition Date, the Debtor entered into a contract with
TFG to act as its financial advisor.  The engagement of TFG as the
Debtor's financial advisor included, among other things, certain
services related to the marketing and sale of its business and
assets to strategic and investment buyers that lead to sale
process.  With respect to the Sale Transaction Services, TFG will
be paid a success fee.

The Success Fee will be earned and paid at the closing of the sale
approved by a Final Sale Order, and it will be calculated based on
the gross sales price.  TFG will be awarded a Success Fee from a
transaction that closes during TFG's engagement or closes via
sources identified by TFG within one year of TFG's termination.

The amount of any Success Fee to be paid to TFG will be: (i) 1% of
the gross sales price, if the gross sales price is less than $14
million; and (ii) 3% of the gross sales price, if the gross sales
price isgreater than $14 million.  For the avoidance of doubt, if
Fisher is the Successful Bidder, only after its opening bid has
been raised by an overbid, and such overbid exceeds an approved
Expense Reimbursement by an amount equal to or greater than
$150,000, the Success Fee will be earned by TFG.  The Success Fee
will be in addition to the hourly compensation earned by TFG for
services provided to the Debtor, including the Sale Transaction
Services, provided, however, that Debtor will be credited against
the Success Fee any hourly fees billed to the Debtor in excess of
$50,000.
  
The Debtor asks that the Auction Bidding Procedures relating to the
submission and consideration of competing offers be approved by the
Court by the entry of a Sale and Auction Bidding Procedures Order
approving the APA and the Auction Bidding Procedures.

The salient terms of the Bidding Procedures are:

     a. Sale Participation Deadline: Feb. 12, 2018

     b. Bid Deadline: Feb. 16, 2018

     c. Deposit: $100,000

     d. Acceptable Upset Bids: All Acceptable Upset Bids made
before the Auction must be in an amount equal to or greater than
$500,000 in excess of the value of the Stalking Horse Offer to
account for (i) the Expense Reimbursement and (ii) an initial
overbid in the amount of $150,000.  For the avoidance of doubt, the
value of the Stalking Horse Offer will be calculated by TFG by
taking the Base Price and adjusting it per the APA.

     e. Auction: The Auction will take place in the law offices of
Blanco Tackabery & Matamoros, P.A., 110 S. Stratford Road, Suite
500, Winston-Salem, North Carolina at 10:00 a.m. on Feb. 23, 2018.

     f. Subsequent Bids: $150,000

     g. Final Sale Hearing: Feb. 28, 2018

     h. Sale or Cure Amount Objection Deadline: Feb. 27, 2018 at
4:00 p.m.

     i. Closing Date: The closing date will be deemed to be the
date upon which the consideration is paid and all closing documents
are signed.  

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

    http://bankrupt.com/misc/Auto_Supply_38_Sales_.pdf

Fisher has identified in the APA the Contracts and Leases, for
which it seeks to take assignment, subject to its right to remove
certain Contracts and Leases from the applicable schedule to the
APA for a period of up to 30 days from execution of the APA.  The
Debtor has agreed to assume and assign such Contracts and Leases to
Fisher.  Accordingly, it asks the Court to approve such assumption
and assignment of such Contracts and Leases.

The Debtor and TFG intend to continue their marketing efforts up to
and including the date of the Auction.  They believe such marketing
efforts can produce competitive bidding at the Auction and hope
such efforts will maximize the value of the Assets sold.

The Purchaser:

          FISHER AUTO PARTS, INC.
          P.O. Box 2246
          512 Greenville Avenue
          Staunton, VA 24402-2246/24401
          Attn: Herbert L. Godschalk III
          E-mail: herb@fisherautoparts.com

                    - and -

          Kent B. Massie
          P.O. Box 1084
          Lexington, VA 24450-1084
          E-mail: kentm@fisherautoparts.com

                      About Auto Supply Co.

Founded in 1954, Auto Supply Co., Inc. -- http://www.ascodc.com/--
is a family-owned supplier of OEM and aftermarket automotive parts,
serving the automotive repair professional from three distribution
centers, 15 store locations and seven battery trucks throughout
North Carolina and Western Virginia.  The company's products
include: A/C Parts, Alternators & Starters, Batteries, Bearings &
Seals, Belts & Hoses, Brakes, Caps (Radiator, Gas, etc.), Catalytic
Converters, Chassis Parts, Chemicals, Clutches & Components, CV
Axles, Distributors, Electric Motors, Electronics, Emissions,
Engine Management, Engines & Parts, Filters, Fuel Pumps, Fuses &
Lighting, Gaskets, Heater Parts, Ignition & Wires, Motor Mounts,
Motor Oil, Oxygen Sensors, Power Steering, Radiators, Shocks &
Struts, Spark Plugs, Thermostats, Timing Kits & Parts, TPMS
Sensors, Transmission Fluid, Water Pumps, Wheel Hub Assemblies, and
Wiper Blades.  Auto Supply offers two car care center programs:
ACDelco PSC and Parts Plus Car Care Center.  The Company is based
in Winston Salem, North Carolina.

About Auto Supply Co. sought Chapter 11 protection (Bankr. M.D.N.C.
Case No. 18-50018) on Jan. 8, 2018.  The petition was signed by
Charles A. Key, Jr., president.  The case is assigned to Judge Lena
M. James.  The Debtor estimated total assets at $13.17 million and
total debts at $22.04 million.  The Debtor tapped Ashley S. Rusher,
Esq., at Blanco Tackabery & Matamoros, P.A., as counsel.


AVAYA INC: Fitch Assigns 'B' Long-Term IDR; Outlook Stable
----------------------------------------------------------
Fitch Ratings has assigned a 'B' Long-Term Issuer Default Rating
(IDR) to Avaya Inc. and a 'B+'/'RR3' to the company's senior
secured first lien term loan. Prior to Avaya's emergence from
bankruptcy, Fitch had assigned an expected IDR of 'B(EXP)' and a
'B+'/'RR3(EXP)' to the senior secured first lien term loan. Fitch
has withdrawn the 'CCC+'/'RR6(EXP)' rating previously assigned to
the secured second-lien notes, which were not issued due to the
upsizing of the senior secured first lien term loan. Fitch's
actions affect approximately $2.9 billion of debt. The Rating
Outlook is Stable.

KEY RATING DRIVERS

Post-Emergence Capital Structure: On Dec. 15, 2017, Avaya emerged
from bankruptcy with approximately $2.9 billion in debt, down from
approximately $6.1 billion at the time it sought protection in the
U.S. bankruptcy court under Chapter 11 in January 2017. In addition
to the senior secured first-lien debt, the company exited with
approximately $350 million in cash. The company also has available
a $300 million asset-backed loan (ABL) facility ($230 million
available after letters of credit).

Pension Obligation Reduction: As part of the reorganization, the
company shed approximately $900 million in liabilities related to
certain domestic pensions. In addition to the pension obligation
reduction, the company eliminated an estimated average of $60
million annually in minimum required pension contributions through
fiscal 2021. In return for the reduction in the pension
liabilities, the Pension Benefit Guarantee Corporation received
$340 million in cash and a 5.5% stake in the company.

Significant Leverage Reduction: Fitch estimates total leverage will
be reduced considerably, from 7.9x at the end of fiscal 2016, the
last reported period prior to the Chapter 11 filing, to 4.4x in
fiscal 2018. The reduction in debt and pension liability, as well
as the latter's minimum required contributions have materially
increased Avaya's financial flexibility.

Potential for Improved FCF Generation: On a pre-petition basis,
Avaya's FCF generation was relatively inconsistent over the
previous four fiscal years. FCF increased to $232 million in fiscal
2017, after having declined to $17 million in fiscal 2016 from $91
million for fiscal 2015. All of the improvement in FCF in fiscal
2017 relative to fiscal 2016 was related to the $266 million
decline in cash interest as the company ceased recording interest
with the January 2017 Chapter 11 filing. Fitch estimates FCF could
average $250 million to $300 million annually thereafter.
Post-emergence FCF will benefit from the reduction in cash interest
expense due to lower debt and by the elimination of an average of
$60 million in estimated annual minimum required pension
contributions.

Business Restructuring: While in bankruptcy, Avaya sold its
networking business in a sale that closed in July 2017. The
networking business contributed approximately $251 million in
revenue in fiscal 2016, and $162 million through the date of sale.
The networking business was not a positive contributor to EBITDA.

Unified Communications Segment Challenges: From a revenue
perspective, the unified communications (UC) segment faces
challenges given the ongoing decline in revenue from legacy
hardware and endpoints (phones, desksets, etc.), which also affects
maintenance revenue. The relatively stable sales of NextGen
software partly mitigate the effects of the legacy revenue declines
within the UC segment.

Recurring Revenue from Service Contracts: Approximately 56% of
total revenues in fiscal 2017 were from services with 83% of
service revenues from recurring contracts. Recurring support
services contracts generally have contract tenures of one to five
years; private cloud and managed services contract terms range from
one to seven years.

Broad Distribution Network: Avaya's indirect channel, with
approximately 6,300 partners at the end of fiscal 2017, extends the
company's sales reach to more than 180 countries worldwide.
Approximately 73% of total product revenue during fiscal 2017 was
through indirect channels.

Diversified Revenue Base: Avaya's revenue base is diversified from
a customer, geographic and industry perspective. Avaya had more
than 130,000 customers in mid-2017, including 90% of the Fortune
100 companies. Approximately 45% of total revenue was generated
outside the U.S. during fiscal 2017.

Recovery Rating (RR) Assumptions: The recovery analysis assumes the
enterprise value of Avaya is maximized in a going-concern scenario
versus liquidation. Fitch contemplates a scenario in which default
may be caused by disappointing sales of the company's on-premise
Contact Center offering along with continued secular pressure in
UC. As a result, Avaya would likely invest in aggressive
development and roll-out of a reinvigorated cloud-based contact
center offering. Fitch believes the renewed strategy would result
in a revenue decline from the transition to subscription software
sales as well as EBITDA margin pressure from increased sales and
R&D investments. Under this scenario, Fitch estimates a
going-concern EBITDA of $500 million, which is approximately 25%
below LTM 3Q17 EBITDA of $666 million.

Fitch assumes Avaya will receive a going-concern recovery multiple
of 5x EBITDA under this scenario. The 5x multiple compares to the
bankruptcy exit multiple for Avaya of 8.1x, an M&A multiple of 9.0x
for Nokia's acquisition of Avaya peer Alcatel-Lucent, as well as a
median multiple of approximately 8x for public comparable companies
including Cisco, Juniper, IBM and Synchronoss.

Fitch assumes the $300 million secured ABL is to be fully drawn at
the time of default and a 10% administrative claim through a
restructuring. Fitch-forecasted going-concern EBITDA of $500
million and recovery multiple of 5.0x results in a
post-reorganization enterprise value of $2.25 billion after the
deduction of expected administrative claims and the assumed ABL
drawn amount, resulting in 70% recovery for the $2.925 billion
first-lien senior secured term loan, which allows for notching of
+1 from the IDR of 'B' to 'RR3' .

DERIVATION SUMMARY

The global UC industry has historically exhibited moderate
concentration with the top three vendors, Cisco Systems, Inc.,
Avaya Inc. and Microsoft Corporation (AA+/Stable), maintaining a
55% to 60% combined market share, while additional competitors
including Alcatel-Lucent (subsidiary of Nokia Corp.) and Mitel
Networks Corp. maintain high-single-digit market shares. Recent
trends such as the entry of cloud-based competitors as well as
hardware product commoditization have presented significant
challenges to these legacy UC vendors. Cisco consistently refers to
declining UC hardware sales in earnings discussions while
Alcatel-Lucent considers UC product as non-strategic. Microsoft has
largely been insulated from these pressures, having pursued a
differentiated approach that centers on integration of third-party
UC hardware into the company's enterprise software offerings. In
contrast, Avaya has experienced sharp declines for UC product
sales, to $954 million in FY17, 39.6% below FY14. Management is
forecasting a continued decline of 16.4% per annum through FY20. As
a result, Avaya's market share among its immediate competitors has
declined from approximately 25% in 2010 to 15% in 2016.

The Contact Center (CC) market has similarly been dominated by the
leading vendors including Avaya, Cisco and Genesys
Telecommunications Laboratories Inc., which maintained a combined
market share of approximately 60%. The CC market has also been
disrupted by emerging trends including closer integration of
contact center functionality with CRM functions, as well as the
entry of cloud-based competitors. In contrast to the UC market,
legacy CC vendors have been able to avoid revenue pressure as
enterprise customers have continued to prefer traditional
on-premise solutions. However, cloud-based offerings have generated
strong growth in SMB and midmarket segments and are gradually
beginning to penetrate enterprise clients as well. This trend may
accelerate as demonstrated by Cisco's acquisition of cloud
contact-center provider, Broadsoft, Inc. Avaya's primarily
on-premise offerings have allowed the company to generate continued
CC product revenue growth of 3.4% per annum with management
forecasting growth of 4.6% per annum through FY20. However, lack of
cloud product has caused the company to miss out on higher growth
opportunities and presents a risk of eventual share loss to cloud
providers if cloud successfully penetrates enterprise segments.

Avaya's ratings reflect the company's historically strong market
position as a top-three provider in target markets in addition to
an improved credit profile with significantly reduced interest
expense and pension obligations upon emergence from Chapter 11. The
ratings are limited by secular challenges, rapid revenue decline
and market share loss in the UC segment, and uncertainties in CC
segment growth given lack of an aggressive cloud strategy.

KEY ASSUMPTIONS

Fitch's key assumptions within Fitch rating case for the issuer
include:
-- Bankruptcy: The company emerged from bankruptcy with a $300
    million undrawn ABL and a $2.925 billion senior secured first-
    lien term loan;
-- Revenue: $3 billion in FY17, consistent with management
    forecasts; 10% decline in FY18 driven by rapid decline in UC
    and reduced retention rates, partially offset by strong growth

    in CC as emergence from bankruptcy releases pent-up demand; 6%

    and 4% declines in FY19 and FY20, respectively, driven by
    continued declines in UC, offset by improving retention rates
    and 2% product growth in Contact Center segment due to lack of

    cloud-based offering;
-- Margins: EBITDA margin range of 23% to 25% driven by increased

    investment in cloud offerings leading to reduced gross margins

    and increased R&D spend, partially offset by cost reductions
    in SG&A;
-- Capex: Capital intensity of 3% due to investment in hosted
    infrastructure;
-- Debt: Cumulative debt repayments of $460 million in FY18-FY20
    due to excess cash flow sweep provision and term loan
    amortization.

RATING SENSITIVITIES

Future Developments That May, Individually or Collectively, Lead to
Positive Rating Action
-- Improvement in the outlook for revenues for the company
    including positive revenue growth, expansion of margins due to

    continued cost reduction efforts and success in newer market
    areas, including cloud services.
-- Strong FCF with FCF margins in the low double-digits.
-- Leverage below 4x

Future Developments That May, Individually or Collectively, Lead to
Negative Rating Action
-- Continued deterioration in revenue expectations beyond the
    forecast horizon, combined with margin pressure.
-- Leverage sustained above 5.5x.

LIQUIDITY

Adequate Liquidity on Emergence: Fitch believes Avaya emerged from
bankruptcy with adequate liquidity based on the approximately $350
million cash balance and an undrawn $300 million ABL facility.
Fitch estimates an FCF range of $250 million to $300 million in
FY2018. As an outcome of the bankruptcy process, Fitch estimates
approximately $170 million in cash flow savings will arise from
lower interest expense and, to a lesser extent, reduced pension
costs.

The debt structure, in addition to the ABL facility, includes a
$2.925 billion new first-lien term loan that has a seven-year
maturity, and it will amortize at 1% annually.

Near-term maturities are nominal and consist of the approximately
$29 million of annual amortization on the $2.925 billion first-lien
term loan.

FULL LIST OF RATING ACTIONS

Fitch has assigned the following ratings:
Avaya Inc.
-- Long-Term IDR 'B'; Outlook Stable;
-- Senior secured first lien rating 'B+'/'RR3'.

Fitch has withdrawn the senior secured second lien rating of
'CCC+'/'RR6(EXP)'.


BAB METAL: New Plan to Pay Unsecureds $5K Monthly Over 5 Years
--------------------------------------------------------------
BAB Metal Recycling, LLC, filed with the U.S. Bankruptcy Court for
the Southern District of Texas a first amended disclosure statement
to accompany its chapter 11 plan of reorganization.

General unsecured claimants in Class 13 will now receive
distributions over 60 months, without interest. Distributions will
be on at least a semi-annual basis. Each allowed Class 13 claimant
will receive a pro-rata share of $5,000 per month from the
Reorganized Debtor. Debtor retains the right to prepay any Class 13
Claim without penalty.

The previous plan proposed to pay general unsecured claimants
$12,500 per month over 48 months without interest.

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

     http://bankrupt.com/misc/txsb17-60038-91.pdf

              About BAB Metal Recycling

Southwest Metal Recycling is a full service metal recycler in
southwest Houston. It buys ferrous and non-ferrous metals. The
Company specializes in meeting the needs of electricians, plumbers,
pipefitters, sheet metal shops, fabricators, machine shops and
engineers.

BAB Metal Recycling, LLC, based in Houston, TX, filed a Chapter 11
petition (Bankr. S.D. Tex. Case No. 17-60038) on May 14, 2017. The
Hon. David R. Jones presides over the case. Johnie Patterson, Esq.,
at Walker & Patterson, P.C., serves as bankruptcy counsel.

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


BAHATI LLC: No Payment for Unsecured Claimant Under Plan
--------------------------------------------------------
Judge Daniel P. Collins of the U.S. Bankruptcy Court for the
District of Arizona conditionally approved Bahati, LLC's disclosure
statement referring to its proposed plan of reorganization.

The Debtor has one general unsecured claim in the amount of
$77,000. The Debtor's Chapter 11 Plan of Reorganization will not
provide payment to the unsecured claimant and the unsecured
claimant will be subject to the entry of a Discharge.

The funds needed to comply with the Debtor's Plan of Reorganization
will come from the Debtor's business revenues. The Debtor has
continued to operate its business and has seen increases in rents
and other gross receipts since the filing of this case. The Debtor
believes that the occupants of its real property will continue to
operate with cash positive revenues and will, therefore, be able to
pay rents in a timely manner. In addition, the Debtor will continue
to service it actuarial clients and will direct bill those clients
and collect on those receivables. This will allow the Debtor to be
successful under its Plan filed with the Court.

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

     http://bankrupt.com/misc/azb2-17-07441-54.pdf

                     About Bahati, LLC

BAHATI, LLC, filed a Chapter 11 bankruptcy petition (Bankr. D.
Ariz. Case No. 17-07441) on June 29, 2017, disclosing under $1
million in both assets and liabilities. The petition was filed pro
se.


BEAR FIGUEROA: PI Properties Buying Los Angeles Property for $2.9M
------------------------------------------------------------------
Bear Figueroa, LLC, asks the U.S. Bankruptcy Court for the Central
District of California to authorize the sale of real property
located at 10520 South Figueroa St., Los Angeles, California,
including security deposits made by tenants at the Property,
furniture and fixtures located at the Property, and other personal
property located thereon, to PI Properties for $2,935,000.

A hearing on the Motion is set for Jan. 30, 2017 at 11:00 a.m.

The Debtor owns the Property, a 21-unit apartment building.  The
Property is encumbered by a first mortgage in favor of Evergreen
Advantage, LLC and is serviced by FCI Lender Services Inc.  The
current balance of Evergeen mortgage is $2,377,136.  The loan
matured on Aug. 1, 2017.

The Debtor was in the process of refinancing the Evergreen mortgage
when it fell behind on its monthly payments beginning in Nov. 16,
2016.  Evergreen recorded a notice of default and a notice of
trustee's sale.  The foreclosure sale was scheduled for April 7,
2017.  The Debtor commenced its bankruptcy case to liquidate its
assets and pay-off debts.

O Dec. 10, 2017, the Buyer accepted an counteroffer of the Seller
to sell the Property to it for $2,935,000, free and clear of all
liens, claims, and interests.  As a contingency to the offer and
acceptance, the Buyer conducted a "walk through" inspection of the
property on Dec. 10, 2017.  As part of the walk through, the Buyer
and the Debtor agreed that the cost of retrofitting the property,
estimated at around $65,000 would be deducted from the prior agreed
upon purchase price of $3,000,000.  On Dec. 10, 2017, they executed
the "Supplemental Escrow Instructions/General Provisions."

By way of summary, the principal terms of the agreement are:

     a. The purchase price is $2,935,000 all cash.

     b. The Buyer has made a deposit of $100,000 into escrow with
Cardinal Escrow.

     c. The Buyer will deposit an additional amount of $2,835,0000,
plus closing costs, for a total consideration of $2,935,000, and an
additional funds after/or instruments from Buyer required to close
escrow.

     d. The Property will be sold "as is, where is" with no
warranties or representations of any kind whatsoever.

     e. Escrow is to close upon the Court's approval.

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

    http://bankrupt.com/misc/Bear_Figueroa_162_Sales.pdf

The proposed sale will pay the first lienholder, Evergreen
Advantage in the full secured amount of $2,377,136, estimated
payoff demand on Dec. 31, 2017.  The proceeds of the proposed sale
will also payout the second lienholder, Los Angeles County Tax
Collector, in full in the amount of $31,444.

The Property possesses substantial equity, above the amount of
claims filed against the Estate.  As such, the Debtor submits that
overbidding is not necessary for the Sale to be in the best
interests of the Estate, and that the Sale to the Buyer without
overbid is justified under the circumstances.

The Property is a 21-unit apartment complex which is leased by the
tenants.  The Debtor is not aware of any cure amounts that will be
required to be paid in order to assign these leases.  It may also
be party to certain executory contracts relating to utility
services being provided to the Property.  The Debtor asks to assign
these contracts, as well; to the extent the Buyer desires to
acquire them in connection with the Sale.

As the Debtor is a limited liability company, all income taxes
arising as a result of the Sale will be paid by the Debtor's
owners, and will not become a liability of the Estate.

The Creditors:

          THE EVERGREEN ADVANTAGE, LLC
          1424 4th Street, Suite 777
          30 Corporate Park, Suite 450
          Santa Monica, CA 90401-2360

          LOS ANGELES COUNTY TREASURER
          AND TAX COLLECTOR
          P.O. Box 54110
          Los Angeles, CA 90054-0110

                        About Bear Figueroa

Headquartered in Culver City, California, Bear Figueroa LLC owns a
property located at 10520 South Figueroa Boulevard, Los Angeles,
California 90003, valued at $2.9 million.  For 2016, it recorded
gross revenue of $265,000 compared to gross revenue of $250,000
during the prior year.

Bear Figueroa filed for Chapter 11 bankruptcy protection (Bankr.
C.D. Cal. Case No. 17-14249) on April 6, 2017, listing $2.9 million
in total assets and $1.93 million in total liabilities.  Denise
Johnson, its managing member, signed the petition.

Judge Vincent P. Zurzolo presides over the case.

Lionel E Giron, Esq., at the Law Offices of Lionel E. Giron, serves
as the Debtor's bankruptcy counsel.

No creditors' committee has been appointed by the U.S. Trustee.


BEAULIEU GROUP: $2.6M Sale of Parcels of Property to Cohutta Okayed
-------------------------------------------------------------------
Judge Mary Grace Diehl of the U.S. Bankruptcy Court for the
Northern District of Georgia authorized the private sale by
Beaulieu Group, LLC and affiliates of (a) the parcel of real
property located in Eufaula, Alabama consisting of approximately
37.834 acres together with a 266,000 square foot building located
thereon (also known as Plant #620) and any equipment and machinery
located in such building or otherwise on the property; (b) the
parcel of real property located in Calhoun, Georgia consisting of
approximately 21.94 acres together with a 75,788 square foot
building located thereon (also known as Plant #710) and any
equipment and machinery located in such building or otherwise on
the property; (c) the parcel of unimproved real property located on
Highway 286, Rout3 5, in Murray County, Georgia, consisting of
approximately 12 acres and any equipment and machinery located on
the property; and (d) all equipment and machinery located in the
Model Facility (Plant #560), including, without limitation, (i) 2
CMC tufting machines, (ii) certain additional equipment and
machinery designated on an attachment to the AGREEMENT, and (iii)
the contents of certain trailers (but not the trailers themselves),
to Cohutta Property Investments, LLC, for the aggregate purchase
price of $2,600,000.

An expedited hearing on the Motion was held on Jan. 5, 2018.

The sale is free and clear of all liens, claims, encumbrances and
interests, other than any duly recorded easements, rights-of-way
and deed restrictions, and any such liens, claims, encumbrances,
and interests will attach to the net proceeds of the sale
received.

Pursuant to Bankruptcy Rule 6004(h), the Order will not be stayed
for any reason, including, the filing of a notice of appeal, and
the Order will be effective immediately upon entry and the Debtors
and the Buyer are authorized to close the sale immediately upon
entry of the Order.

The automatic stay provisions of Bankruptcy Code Section 362 are
vacated and modified to the extent necessary to implement the terms
and conditions of the Purchase Agreement and the provisions of the
Order.

                     About Beaulieu Group

Founded in 1978 by Carl M. Bouckaert and Mieke D. Hanssens,
Beaulieu Group LLC -- http://www.beaulieuflooring.com/-- is a
privately owned American company that manufactures and distributes
high-end quality products in carpet, engineered hardwood, laminate
and luxury vinyl.  Beaulieu Group has 2,500 full- and part-time
hourly and salaried employees.

Beaulieu Group, LLC, along with the two other affiliates, filed
voluntary petitions seeking relief under the provisions of Chapter
11 of the United States Bankruptcy Code (Bankr. N.D. Ga. Lead Case
No. 17-41677) on July 16, 2017.  The cases are pending before the
Honorable Judge Mary Grace Diehl.  The cases are jointly
administered.

Scroggins & Williamson, P.C., is the Debtors' bankruptcy counsel.
McGuireWoods is the special corporate counsel and Armory Strategic
Partners is the restructuring advisor.  American Legal Claim
Services, LLC, is the claims and noticing agent.

No trustee or examiner has been appointed in this case.  No request
has been made for the appointment of a trustee or examiner.  

An Official Committee of Unsecured Creditors was appointed on July
21, 2017.  The Committee retained Thompson Hine LLP as counsel; Fox
Rothschild LLP as co-counsel; and Phoenix Management Services LLC
as financial advisor.


BEBE STORES: B. Riley Financial Now Holds 29.4% of Capital Stock
----------------------------------------------------------------
bebe stores, inc. entered into a debt conversion, purchase and sale
agreement with B. Riley Financial, Inc. ("Purchaser") and The Manny
Mashouf Living Trust ("Seller") on Jan. 12, 2018.  Pursuant to the
Purchase Agreement, (i) B. Riley acquired 2,819,528 shares of
common stock of bebe stores, par value $0.001 per share, in
exchange for cancellation of all of the outstanding principal
amount and accrued interest under the Loan and Security Agreement,
between the Company and the lenders thereto, dated as of May 31,
2017, with one share of common stock issued to the Purchaser for
every $6.00 of outstanding principal amount or accrued interest
under the Loan and Security Agreement, (ii) the Purchaser acquired
250,000 shares of common stock from the Company for payment of
$1,500,000 or $6.00 per share in cash and (iii) the Purchaser
acquired 250,000 shares of common stock from Seller for payment of
$1,500,000 or $6.00 per share in cash.  Following the closing of
the Transactions, the Purchaser holds 3,319,528 shares of common
stock or approximately 29.4% of the outstanding capital stock of
the Company.  Subject to mutual agreement between the Purchaser and
the Seller, the Purchaser has the right to acquire up to 500,000
shares of common stock from the Seller for payment of $6.00 per
share in cash to Seller within 45 business days of the Closing
Date.

Pursuant to the Purchase Agreement, certain changes were made to
the composition of the Company's board of directors, including (i)
the size of the Board was set at five members, (ii) Brett Brewer
and Seth Johnson resigned from the Board effective as of the
Closing Date, (iii) Robert Galvin and Corrado Federico submitted
resignations to the Board to be effective upon acceptance by the
Board but no later than Oct. 1, 2018, (iv) Kenny Young and Nick
Capuano were appointed to the Board as designees of Purchaser and
(iv) the Company agreed to cause Nick Capuano to be appointed to
the board of directors of BB Brand Holdings LLC, a joint venture of
the Company.

The Purchase Agreement provides that the Company will at least
annually distribute a cash dividend to its shareholders from the
cash proceeds received by the Company from BB Brand Holdings LLC
after payment of or reasonable provision for any and all expenses
and liabilities of the Company.

                     Investor Agreement

On Jan. 12, 2018, the Purchaser, Manny Mashouf and certain entities
used by Mr. Mashouf to hold his shares in the Company, entered into
an Investor Agreement.  The Investor Agreement imposes certain
acquisition and transfer restrictions on the Mashouf Stockholders
with respect to shares of common stock to avoid an "ownership
change" of the Company within the meaning of Section 382 of the
Internal Revenue Code of 1986, as amended, and preserve certain net
operating losses of the Company for U.S. federal income tax
purposes.

On Jan. 12, 2018, in connection with the Debt Conversion, the
Company and certain of its subsidiaries entered into a Termination
Agreement with the Purchaser (in its capacity as lender under the
Loan and Security Agreement pursuant to an assignment from GACP I,
L.P. on Jan. 5, 2018) and GACP Finance Co., LLC (in its capacity as
Administrative Agent under the Loan and Security Agreement) to
terminate all obligations of the Company under the Loan and
Security Agreement and take any action that is required to evidence
the termination of the Loan and Security Agreement and the security
interests and liens granted therewith.

              Adpots Tax Benefit Preservation Plan

On Jan. 12, 2018, the Board adopted a Tax Benefit Preservation Plan
between the Company and Computershare Trust Company, N.A., as
rights agent in accordance with the terms of the Purchase
Agreement.

By adopting the Tax Plan, the Board is helping to preserve the
value of certain deferred tax benefits, including those generated
by net operating losses and certain other tax attributes.  The
ability to use these Tax Benefits would be substantially limited if
the Company were to experience an "ownership change" as defined
under Section 382 of the Code.  In general, an ownership change
would occur if there is a greater than 50-percentage point change
in ownership of securities by stockholders owning (or deemed to own
under Section 382 of the Code) 5% or more of a corporation's
securities over a rolling three-year period.  The Tax Plan reduces
the likelihood that changes in the Company's investor base have the
unintended effect of limiting the use of the Company's Tax
Benefits.  The Board believes it is in the best interest of the
Company and its stockholders that the Company provide for the
protection of the Tax Benefits by adopting the Tax Plan.

The Tax Plan is intended to act as a deterrent to any person
acquiring shares of the Company's securities equal to or exceeding
the Trigger Amount without the approval of the Board.  This would
protect the Tax Benefits because changes in ownership by a person
owning less than 4.99% of the Company's stock are not included in
the calculation of "ownership change" for purposes of Section 382
of the Code.  The Board has established procedures to consider
requests to exempt certain acquisitions of the Company's securities
from the Tax Plan if the Board determines that doing so would not
limit or impair the availability of the Tax Benefits or is
otherwise in the best interests of the Company.

            Dividend of Preferred Stock Purchase Rights

In connection with its adoption of the Tax Plan, the Board declared
a dividend of one preferred stock purchase right for each share of
Common Stock, par value $0.001 of the Company outstanding at the
close of business on Jan. 26, 2018.  As long as the Rights are
attached to the Common Stock, the Company will issue one Right
(subject to adjustment) with each new share of the Common Stock so
that all such shares will have attached Rights.  When exercisable,
each Right will entitle the registered holder to purchase from the
Company one one-hundredth of a share of Series A Junior
Participating Preferred Stock, par value $0.001 per share, of the
Company at a price of $10.88 per one one-hundredth of a share of
Series A Preferred, subject to adjustment.

          Transfer, "Flip In" and Exercise of the Rights

The Rights detach from the Common Stock and become exercisable if:
(i) at the close of business on the tenth business day following a
public announcement by the Company that a person or group of
affiliated or associated persons has acquired, or obtained the
right to acquire, beneficial ownership of 4.99% or more of the
Common Stock or (ii) at the close of business on the tenth business
day (or such later date as may be determined by action of the Board
prior to such time as any person or group of affiliated persons
becomes an Acquiring Person) following the commencement of, or
announcement by the Company of an intention to make, a tender offer
or exchange offer the consummation of which would result in the
beneficial ownership by a person or group of affiliated or
associated persons of shares of Common Stock equal to or exceeding
4.99% of the outstanding Common Stock.  The Board may postpone the
Distribution Date of the rights under certain circumstances.

The Tax Plan provides that any person who beneficially owned shares
of Common Stock equal to or exceeding 4.99% of the outstanding
Common Stock immediately prior to the first public announcement of
the adoption of the Tax Plan, together with any affiliates and
associates of that person, will not be deemed to be an "Acquiring
Person' for purposes of the Tax Plan unless the Existing Holder
becomes the beneficial owner of one or more additional shares of
Common Stock (other than pursuant to a dividend or distribution
paid or made by the Company on the outstanding Common Stock in
Common Stock, pursuant to a split or subdivision of the outstanding
Common Stock).  However, if upon acquiring beneficial ownership of
one or more additional shares of Common Stock, the Existing Holder
does not beneficially own shares of Common Stock equal to or
exceeding 4.99% of the Common Stock outstanding, the Existing
Holder shall not be deemed to be an "Acquiring Person" purposes of
the Tax Plan.

The Rights will be transferred only with the Common Stock until the
Distribution Date (or earlier redemption, exchange, termination or
expiration of the Rights).  After the Distribution Date, separate
rights certificates will be issued evidencing the Rights and become
separately transferable apart from the Common Stock.

Unless redeemed or exchanged earlier by the Company or terminated,
the rights will expire upon the earliest to occur of (i) the close
of business on Jan. 12, 2028, (ii) the close of business on the
effective date of the repeal of Section 382 of the Code if the
Board determines that the Tax Plan is no longer necessary or
desirable for the preservation of the Tax Benefits or (iii) the
time at which the Board determines that the Tax Benefits are fully
utilized or no longer available under Section 382 of the Code or
that an ownership change under Section 382 of the Code would not
adversely impact in any material respect the time period in which
the Company could use the Tax Benefits, or materially impair the
amount of the Tax Benefits that could be used by the Company in any
particular time period, for applicable tax purposes.

          Rights and Preferences of Preferred Stock

Each share of Series A Preferred purchasable upon exercise of the
Rights will be entitled, when, as and if declared, to a minimum
preferential quarterly dividend payment of $1.00 per share or, if
greater, an aggregate dividend of 100 times the dividend, if any,
declared per share of Common Stock.  In the event of liquidation,
dissolution or winding up of the Company, the holders of the Series
A Preferred will be entitled to a minimum preferential liquidation
payment of $100 per share (plus any accrued but unpaid dividends),
provided that such holders of the Series A Preferred will be
entitled to an aggregate payment of 100 times the payment made per
share of Common Stock.  Each share of Series A Preferred will have
100 votes and will vote together with the Common Stock. Finally, in
the event of any merger, consolidation or other transaction in
which shares of the Common Stock are exchanged, each share of
Series A Preferred will be entitled to receive 100 times the amount
received per share of Common Stock.  The Series A Preferred will
not be redeemable.  These rights are protected by customary
antidilution provisions.  Because of the nature of the dividend,
liquidation and voting rights of the Series A Preferred, the value
of one one-hundredth of a share of Series A Preferred purchasable
upon exercise of each Right should approximate the value of one
share of Common Stock.

The Purchase Price payable, and the number of shares of Series A
Preferred or other securities or property issuable, upon exercise
of the Rights are subject to adjustment from time to time to
prevent dilution (i) in the event of a stock dividend on, or a
subdivision, combination or reclassification of, the Series A
Preferred, (ii) upon the grant to holders of the Series A Preferred
of certain rights or warrants to subscribe for or purchase Series A
Preferred or convertible securities at less than the then current
market price of the Series A Preferred or (iii) upon the
distribution to holders of the Series A Preferred of evidences of
indebtedness, cash, securities or assets (excluding regular
periodic cash dividends at a rate not in excess of 125% of the rate
of the last regular periodic cash dividend theretofore paid or, in
case regular periodic cash dividends have not theretofore been
paid, at a rate not in excess of 50% of the average net income per
share of the Company for the four quarters ended immediately prior
to the payment of such dividend, or dividends payable in shares of
Series A Preferred (which dividends will be subject to the
adjustment described in clause (i) above)) or of subscription
rights or warrants (other than those referred to above).

Until a Right is exercised, the holder thereof, as such, will have
no rights as a stockholder of the Company beyond those as an
existing stockholder, including, without limitation, the right to
vote or to receive dividends.

          Merger, Exchange or Redemption of the Rights

In the event that a Person becomes an Acquiring Person or if the
Company were the surviving corporation in a merger with an
Acquiring Person or any affiliate or associate of an Acquiring
Person and shares of the Common Stock were not changed or
exchanged, each holder of a Right, other than Rights that are or
were acquired or beneficially owned by the Acquiring Person (which
Rights will thereafter be null and void), will thereafter have the
right to receive upon exercise that number of shares of Common
Stock having a market value of two times the then current Purchase
Price of the Right.  In the event that, after a Person has become
an Acquiring Person, the Company were acquired in a merger or other
business combination transaction or more than 50% of its assets or
earning power were sold, proper provision will be made so that each
holder of a Right will thereafter have the right to receive, upon
the exercise thereof at the then current Purchase Price of the
Right, that number of shares of common stock of the acquiring
company which at the time of such transaction would have a market
value of two times the then current Purchase Price of the Right.

At any time after a Person becomes an Acquiring Person and prior to
the earlier of one of the events described in the last sentence of
the previous paragraph or the acquisition by such Acquiring Person
of 50% or more of the then outstanding Common Stock, the Board of
Directors may cause the Company to exchange the Rights (other than
Rights owned by an Acquiring Person which will have become null and
void), in whole or in part, for shares of Common Stock at an
exchange rate of one share of Common Stock per Right (subject to
adjustment).

The Rights may be redeemed in whole, but not in part, at a price of
$0.01 per Right by the Board of Directors at any time prior to the
time that an Acquiring Person has become such.  The redemption of
the Rights may be made effective at such time, on such basis and
with such conditions as the Board of Directors in its sole
discretion may establish.  Immediately upon any redemption of the
Rights, the right to exercise the Rights will terminate and the
only right of the holders of Rights will be to receive the
Redemption Price.

         Amendment of Tax Benefit Preservation Plan

Any of the provisions of the Tax Plan may be amended by the Board
of Directors, or a duly authorized committee thereof, for so long
as the Rights are then redeemable, and after the Rights are no
longer redeemable, the Company may amend or supplement the Tax Plan
in any manner that does not adversely affect the interests of the
holders of the Rights (other than an Acquiring Person or any
affiliate or associate of an Acquiring Person).

                    About bebe stores inc.

Based in Brisbane, California, bebe stores inc. (NASDAQ: BEBE) --
http://www.bebe.com/-- is a women's retail clothier established in
1976.  The brand develops and produces a line of women's apparel
and accessories, which it markets under the Bebe, BebeSport, and
Bebe Outlet names.

Manny Mashouf founded bebe stores, inc. and has served as chairman
of the Board since the Company's incorporation in 1976.  Mr.
Mashouf became the chief executive officer starting February 2016.
He previously served as the Company's CEO from 1976 to February
2004 and again from January 2009 to January 2013.  Mr. Mashouf is
the uncle of Hamid Mashouf, the Company's chief information
officer.  The Company operated brick-and-mortar stores in the
United States, Puerto Rico and Canada.  The Company had 142 retail
stores before ending all retail operations in the U.S. by May 27,
2017.  As of July 1, 2017, the Company had no remaining stores and
had fully impaired, all of its remaining long-lived assets at its
corporate offices and distribution center because of the shut-down
of its operations.

bebe stores reported a net loss of $138.96 million on $0 of net
sales for the fiscal year ended July 1, 2017, compared to a net
loss of $27.48 million on $0 of net sales for the fiscal year ended
July 2, 2016.  As of Sept. 30, 2017, bebe stores had $30.87 million
in total assets, $39.21 million in total liabilities and a total
shareholders' deficit of $8.34 million.

The report from the Company's independent registered public
accounting firm Deloitte & Touche LLP, in San Francisco,
California, for the year ended Dec. 31, 2016, included an
explanatory paragraph stating that the Company has incurred
recurring losses from operations and negative cash flows from
operations and expects significant uncertainty in generating
sufficient cash to meet its obligations and sustain its operations,
which raises substantial doubt about its ability to continue as a
going concern.


BIOSTAGE INC: Empery Reports 0.31% Stake as of Dec. 31
------------------------------------------------------
In a Schedule 13G/A filed with the Securities and Exchange
Commission, Empery Asset Management, LP, Ryan M. Lane and Martin D.
Hoe disclosed that as of Dec. 31, 2017, they beneficially own
123,641 shares of Common Stock issuable upon exercise of warrants
of Biostage, Inc., constituting 0.31 percent of the shares
outstanding.  The percentage is based on 39,787,615 shares of
Common Stock issued and outstanding as of Dec. 13, 2017, as
represented in the Company's Quarterly Report on Form 10-Q filed
with the SEC on Dec. 15, 2017 and assumes the exercise of the
Company's reported warrants.  A full-text copy of the regulatory
filing is available at https://is.gd/YDwdWh

                       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.


BON-TON STORES: Moody's Cuts Probability Default Rating to Ca-PD/LD
-------------------------------------------------------------------
Moody's Investors Service downgraded The Bon-Ton Stores Inc.'s
Probability of Default Rating ("PDR") to Ca-PD/LD from Caa3-PD and
Corporate Family Rating ("CFR") to Ca from Caa3 due to the
company's announcement that it has entered forbearance agreements
following the expiration of the 30 day grace period on its missed
interest payment. The limited default "LD" designation appended to
Bon-Ton's probability of default rating reflects that the missed
interest payment constitutes a default under Moody's definition.
The limited default designation will remain until the company
resolves the missed payment. Concurrently, the rating on the Senior
Secured Second Lien Notes due June 2021 was downgraded to C from
Ca. The ratings outlook remains negative.

The downgrade reflects Bon-Ton missed December 15, 2017 interest
payment on its 8.0% Senior Secured Second Lien Notes and the
subsequent failure to make the payment during the 30-day grace
period that expired. Bon-Ton has entered into forbearance
agreements with its ABL credit lenders and a majority of
noteholders that expire on January 26, 2018. Moody's views this as
a limited default as it represents a default of only one element of
the company's capital structure.

Downgrades:

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

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

-- Corporate Family Rating, Downgraded to Ca from Caa3

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

Outlook Actions:

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

-- Outlook, Remains Negative

Affirmations:

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

-- Speculative Grade Liquidity Rating, Affirmed SGL-4

RATINGS RATIONALE

Bon-Ton's Ca rating reflects the high likelihood of default due to
the missed interest payment and subsequent forbearance agreements
with lenders. The company is engaged in discussions with its
lenders regarding ways to address its capital structure, which
Moody's believes is unsustainable at current weak levels of
operating performance. The company has significant leverage, with
unadjusted debt/EBITDA expected to exceed 10.9 times by the end of
Bon-Ton's current fiscal year, and weak coverage, with EBITDA less
capital expenditures expected to be insufficient to cover interest
costs. The October 2017 amendment to its credit facility and third
quarter sale leaseback proceeds of $18.9 million enhanced its
liquidity during peak borrowing periods, though Moody's believes a
more permanent financing solution will be required to meet its peak
funding needs in 2018 given the most recent bank amendment. The
ratings also reflect the company's modest scale in the US
Department Store sector, regional concentrations, and its
relatively small but growing online penetration.

The negative outlook reflects Moody's view that the company may
have difficulty refinancing its debt without restructuring or
impairment to lenders.

Ratings could be downgraded further should the company default on
other elements of its capital structure or pursue a formal
reorganization under the U.S. Bankruptcy Code Additionally, ratings
could be downgraded if Moody's comes to expect the recovery value
on Bon-Ton's debt instruments to be lower than currently
estimated.

The ratings are unlikely to be upgraded without reducing debt to
more sustainable levels.

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

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


BON-TON STORES: Obtains Forbearance From Lenders Until Jan. 26
--------------------------------------------------------------
The Bon-Ton Stores, Inc., has entered into forbearance agreements
with its ABL Credit Agreement lenders and an ad hoc group of
holders of approximately 75% in aggregate principal amount of the
Company's 8.0% Second Lien Secured Notes due 2021.

Under the terms of the Forbearance Agreements, the ABL Credit
Agreement lenders and the forbearing holders of the 2L Notes have
agreed to forbear from exercising any and all remedies available to
them as a result of the Company not making the interest payment due
on the Notes on Dec. 15, 2017, subject to customary terms and
conditions.  The Forbearance Agreements will expire on Jan. 26,
2018, unless further extended by the parties.  The forbearance
period under the ABL forbearance agreement will be automatically
extended to Feb. 4, 2018 if the forbearing holders of the 2L Notes
agree to extend to that date.

As previously disclosed, the Company is engaged in ongoing
discussions with its debt holders in an effort to strengthen its
capital structure to support the business.

                   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."

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.


BRONCO MIDSTREAM: S&P Ups CCR to B+ on Upgrade of Enable Midstream
------------------------------------------------------------------
S&P Global Ratings said it raised its corporate credit rating on
Bronco Midstream Funding LLC to 'B+' from 'B'. The outlook is
stable. At the same time, S&P raised the issue-level rating to
'BB-' from 'B' and revised the recovery rating on the issue–level
debt to '2' from '3', indicating its expectation of substantial
(70%-90%; rounded estimate: 75%) recovery in the event of a payment
default.

S&P said, "The rating action reflects the recent upgrade of Enable
Midstream Partners L.P. and our expectation that Enable's
distributable cash flow will continue to grow year-over-year and
that Bronco's financial measures will improve as well.

"Our 'B+' corporate credit rating on Bronco reflects a four-notch
negative ratings differential relative to our 'BBB-' corporate
credit rating on Enable Midstream Partners L.P.. Bronco Midstream's
sole asset is its approximate 10% limited partnership interest in
Enable. The notching differential reflects the structural
subordination of Bronco relative to Enable's distributions, which
it does not control. The factors that determine the number of
notches below the rating on Enable include cash flow stability,
corporate governance and financial policy, financial ratios, and
the ability to liquidate investments. We assess these factors as
either positive, neutral, or negative.

"The stable rating outlook reflects our expectation that Bronco
will continue to receive stable distributions from Enable,
resulting in 2018 adjusted debt leverage in the 5x-5.5x range.

"We could consider lower ratings if we lowered the rating on
Enable. This could also occur if Enable cut its distributions,
resulting in Bronco's interest coverage ratio being sustained below
3x.

"Though unlikely in the next two years given the elevated leverage,
we could raise the rating if we raised the rating of Enable. This
could also occur if Bronco maintained interest coverage above 5x
and debt leverage below 2x."


BROWN & PIPKINS: Taps Paul Reece Marr as Legal Counsel
------------------------------------------------------
Brown & Pipkins, LLC, seeks approval from the U.S. Bankruptcy Court
for the Northern District of Georgia to hire Paul Reece Marr, P.C.,
as its legal counsel.

The firm will advise the Debtor regarding its duties under the
Bankruptcy Code and will provide other legal services related to
its Chapter 11 case.

The firm's hourly rates are:

     Paul Reece Marr, Esq.     $325
     Paralegal                 $125
     Clerk                      $50

Paul Reece Marr, Esq., disclosed in a court filing that he does not
represent any interest adverse to the Debtor and its estate.

The firm can be reached through:

     Paul Reece Marr, Esq.
     Paul Reece Marr, P.C.
     300 Galleria Parkway, N.W., Suite 960
     Atlanta, GA 30339
     Tel: 770-984-2255
     Fax: (770) 984-0044
     Email: paul@paulmarr.com

                     About Brown & Pipkins

Based in Atlanta, Georgia, Brown & Pipkins, LLC, provides
management consulting services.  Acsential Services, a division of
Brown & Pipkins, offers a wide range of operational support
services to its clients that include building services, custodial
services, janitorial services, facility support services, food
service operations, housing management, operator and management
services, and administrative services.  Brown & Pipkins is owned by
Deidre Brown (90%) and Annette Pipkins (10%).

Brown & Pipkins filed a Chapter 11 petition (Bankr. N.D. Ga. Case
No. 17-71772) on Dec. 19, 2017.  Deidre F. Brown, CEO and
co-manager, signed the petition.  The Debtor is represented by Paul
Reece Marr, Esq., at Paul Reece Marr, P.C.  At the time of filing,
the Debtor estimated $500,000 to $1 million in assets and $1
million to $10 million in liabilities.


BULOVA TECHNOLOGIES: Incurs $500,000 Net Loss in Fiscal 2017
------------------------------------------------------------
Bulova Technologies Group, Inc., filed with the Securities and
Exchange Commission its annual report on Form 10-K reporting a net
loss of $500,296 on $25.15 million of revenues for the year ended
Sept. 30, 2017, compared to a net loss of $7.81 million on $18.72
million of revenues for the year ended Sept. 30, 2016.

As of Sept. 30, 2017, Bulova had $20.29 million in total assets,
$46.31 million in total liabilities and a total shareholders'
deficit of $26.02 million.

The Company has sustained substantial losses, and has minimal
assets.  These factors, the Company said, raise substantial doubt
regarding its ability to continue as a going concern.  The
Company's existence is dependent upon management's ability to
develop profitable operations and resolve its liquidity problems.

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

                      https://is.gd/4TgAJB

                          About Bulova

Bulova Technologies Group, Inc., was originally incorporated in
Wyoming in 1979 as "Tyrex Oil Company".  During 2007, the Company
divested itself of all assets and previous operations.  During
2008, the Company filed for domestication to the State of Florida,
and changed its name to Bulova Technologies Group, Inc., and
changed its fiscal year from June 30 to Sept. 30.  From Jan. 1,
2009, Bulova Technologies Group, Inc. operated in multiple business
segments.  Government Contracting was focused on the production and
procurement of military articles for the US Government and other
Allied Governments throughout the world, and was accounted for
through two of the Company's wholly owned subsidiaries, Bulova
Technologies Ordnance Systems LLC, and Bulova Technologies (Europe)
LLC.  In October 2012, this segment was discontinued through the
sale of substantially all of the assets of Bulova Technologies
Ordnance Systems LLC, with any remaining assets and liabilities
associated with that operation being segregated and reported as a
discontinued operation.  Contract Manufacturing included the
production of cable assemblies and circuit boards accounted for
through BT Manufacturing Company LLC, a wholly owned subsidiary
that was discontinued and disposed of in March 2011.  In July of
2013, the Company began the sale of high precision industrial
machine tools through a distributor network accounted for through
Bulova Technologies Machinery LLC, a newly formed subsidiary.
Bulova Technologies is headquartered in Clearwater, Florida.


CAPITAL OPTIONS: 9th Cir. Affirms Denial of Plan Confirmation
--------------------------------------------------------------
In the appeals case captioned CAPITAL OPTIONS, LLC, Appellant, v.
C. DENNIS LOOMIS; et al., Appellees, No. 16-60053 (9th Cir.), the
U.S. State Court of Appeals, Ninth Circuit, affirms the bankruptcy
court's order denying confirmation of Capital Options' Chapter 11
plan of reorganization that was to be funded by the proceeds of
Capital's adversary proceedings against George H. Goldsmith and G2,
LLC.

The Bankruptcy Court, having dismissed Capital's adversary
proceeding with prejudice, found the reorganization plan to be
infeasible, and also dismissed the administrative proceeding.

Upon review, the Ninth Circuit agrees with the bankruptcy court's
determination that the reorganization plan was infeasible.

Justice Wallace dissented, saying that while he agrees with the
majority on the merits, he would instead dismiss this appeal for
lack of jurisdiction.  This appeal is from the denial of plan
confirmation without prejudice.  The Supreme Court held in Bullard
v. Blue Hills Bank that the denial of plan confirmation with leave
to amend is categorically not a final order.  135 S.Ct. 1686, 1692
(2015). While Bullard involved a Chapter 13 case, the Court's
reasoning applies with equal force to Chapter 11 cases, such as
this case.  See id. at 1693 ("These concerns [relating to piecemeal
appeals] are heightened if the same rule applies in Chapter 11, as
the parties assume"). Although not binding on the Ninth Circuit,
the Bankruptcy Appellate Panel reached this same conclusion, citing
Bullard, and held it had jurisdiction only by granting leave to
review an interlocutory appeal. Unlike the Bankruptcy Appellate
Panel, the Ninth Circuit cannot review interlocutory appeals,
except in circumstances not applicable in the case. See In re
Gugliuzza, 852 F.3d 884, 890-91 (9th Cir. 2017), citing 28 U.S.C.
§ 158(d)(1). Therefore, the Ninth Circuit has no jurisdiction to
hear this appeal.

A copy of the Ninth Circuit's Memorandum is available at
https://is.gd/kQPXps from Leagle.com.


CASHMAN EQUIPMENT: May 23 Further Hearing on Approved Assets Sale
-----------------------------------------------------------------
Judge Melvin S. Hoffman of the U.S. Bankruptcy Court for the
District of Massachusetts authorized Cashman Equipment Corp.'s sale
of assets with modifications.

The Debtor proposes to sell the assets free and clear of all liens,
claims and interests.

The Court held a hearing on the Motion.  Objections were filed by
Bank of America Leasing & Capital, LLC Rockland Trust Co.,
Santander Bank, N.A. and Key Equipment Finance.  A further hearing
on the Motion is set for May 23, 2018 at 10:00 a.m.  The objection
deadline is May 18, 2018.

The counsel to the Debtor will submit an agreed upon proposed order
as a supplemental document.

                  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.


CASTEX ENERGY: Court Approves Third Amended Plan Outline
--------------------------------------------------------
Judge Marvin Isgur of the U.S. Bankruptcy Court for the Southern
District of Texas approved Castex Energy Partners, L.P. and
affiliates third amended disclosure statement for their joint plan
of reorganization dated Jan. 8, 2018.

The hearing on confirmation of the Plan is scheduled for Feb. 26,
2018 at 9:00 a.m. (prevailing Central Time.

Objections to confirmation of the Plan or proposed modifications to
the Plan, if any, must be in writing,  and filed no later than 4:00
p.m. (prevailing Central Time), on February 9, 2018.

Under the latest plan, each holder of an allowed General Unsecured
Claim will receive its pro rata share of the General Equity Pool;
provided, however, that if each class of General Unsecured Claims
accepts the Plan, (i) the distribution of New Equity Interests to
the DIP Lenders and to holders of RBL Secured Claims will not be
subject to dilution by the General Equity Pool and (ii) each RBL
Lender voting to accept the plan and not electing to opt out of the
releases set forth in the Plan shall waive any recovery or
distribution on account of (but not voting rights in respect of)
its allowed RBL Deficiency Claim for the benefit of the Beneficiary
Claimants such that each Beneficiary Claimant will not receive any
distribution on account of its allowed General Unsecured Claim
other than cash in the amount of the lesser of (i) the allowed
amount of its General Unsecured Claim and (ii) its pro rata share
of $500,000.

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

     http://bankrupt.com/misc/txsb17-35835-275.pdf

                    About Castex Energy

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

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

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

The Hon. Marvin Isgur is the case judge.

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


CHANNING HALL: S&P Cuts Rating on 2017A/B School Bonds to 'BB'
--------------------------------------------------------------
S&P Global Ratings lowered its long-term rating on the Utah Charter
School Finance Authority's series 2017A and 2017B charter school
revenue refunding bonds, issued for Channing Hall Charter School
(Channing Hall or the school), to 'BB' from 'BB+'. The outlook is
stable.  

"We lowered the rating based on the U.S. Not-for-profit Charter
School methodology, published on Jan. 3, 2017 on RatingsDirect,"
said S&P Global Ratings credit analyst Shivani Singh.

S&P said, "We assessed the school's enterprise profile as adequate
characterized by its long institutional tenure, somewhat small but
stable enrollment near facility capacity in fall 2017 despite
significant increases in competition in recent years, solid
business position as Utah's first designated K-8 International
Baccalaureate program, favorable charter standing resulting from
its evergreen charter, and a capable management team. We assessed
the financial profile as vulnerable characterized by relatively
slim lease-adjusted maximum annual debt service (MADS) coverage,
and high leverage, albeit, not out of line for the sector or rating
level.

"The stable outlook reflects our expectation that the school will
maintain its enrollment and demand, good academic performance,
generate at least break-even full-accrual operating results, and
liquidity similar to fiscal 2017 levels. We also expect it to
comply with its debt covenants, and achieve lease-adjusted MADS
coverage in line with the current assessment range.

"We could raise the rating if the school maintains its current
demand profile and full-accrual operating performance and liquidity
consistently improved to levels commensurate with a higher rating.
We would also view favorably a moderation of the organization's
debt burden."

Credit factors that could result in a negative rating action in the
one-year outlook period include deterioration in operations,
deterioration in liquidity, or a covenant violation.


COBALT INT'L: Taps Susman Godfrey as Special Litigation Counsel
---------------------------------------------------------------
Cobalt International Energy, Inc., seeks approval from the U.S.
Bankruptcy Court for the Southern District of Texas to retain
Susman Godfrey LLP as its special litigation counsel.

Susman will continue to represent the Debtor in ongoing insurance
litigation matters.  Specifically, the firm will continue to
provide services to the Debtor related to its claims against XL
Specialty Insurance Co., AXIS Insurance Co., and Illinois National
Insurance Co. pursuant to their engagement agreement dated March 7,
2017; and claims against Allied World National Assurance Co., and
13 other insurance carriers pursuant to their engagement agreement
dated December 13, 2017.

Susman's ongoing representations of the Debtor are governed by two
separate fee agreements, both of which have a flat fee and a
contingent fee component.

Under the terms of the March 2017 engagement agreement, Susman is
entitled to (i) a $1.1 million success fee paid out of the
settlement proceeds paid by XL as a result of a successful
mediation held in September 2016; (ii) a flat fee capped at $2.5
million payable at a rate of $100,000 per month until the first
service of discovery by INIC or AXIS, $125,000 per month from the
first service of discovery by either INIC or AXIS until 61 days
before the first trial setting, and $200,000 per month from 60 days
before trial of the first case against INIC or AXIS through
verdict; and (iii) a potential contingent fee interest  depending
on the timing and result of any settlement or verdict.

Meanwhile, under the terms of the December 2017 engagement
agreement, Susman is entitled to (i) a one-time flat fee, earned
when paid, of $1.25 million; and (ii) a contingent interest in the
gross sum recovered against Allied World and the other insurers.
Pursuant to the agreement, the $1.25 million flat fee is netted
against the first $1.25 million in contingent fees.

Adam Carlis, Esq., at Susman, disclosed in a court filing that his
firm does not hold or represent any interest adverse to the Debtor
or its estate.

The firm can be reached through:

     Adam Carlis, Esq.
     Susman Godfrey LLP
     1000 Louisiana Street, Suite 5100
     Houston, TX 77002-5096
     Phone: (713) 651-9366 / (713) 653-7831
     Fax: (713) 654-6666
     Email: acarlis@susmangodfrey.com

                    About Cobalt International

Cobalt International Energy -- http://www.cobaltintl.com-- is an
independent exploration and production company active in the
deepwater U.S. Gulf of Mexico and offshore West Africa.  Cobalt was
formed in 2005 and is headquartered in Houston, Texas.

Cobalt International Energy, Inc., and five of its subsidiaries
filed voluntary petitions for relief under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Tex. Lead Case No. 17-36709) on Dec.
14, 2017.  David D. Powell, chief financial officer, signed the
petitions.

The Debtors reported total assets of $1.69 billion and total debt
of $3.16 billion as of Sept. 30, 2017.

The Debtors are represented by Zack A. Clement PLLC as local
bankruptcy counsel, Kirkland & Ellis LLP and Kirkland & Ellis
International LLP as general bankruptcy counsel, Houlihan Lokey
Capital, Inc., as financial advisor and investment banker, and
Kurtzman Carson Consultants LLC as claims and noticing agent.

An official committee of unsecured creditors has been appointed in
the Debtors' cases.  The committee is represented by Pachulski
Stang Ziehl & Jones LLP.


COPSYNC INC: Needs Additional Time to Analyze Claims, File Plan
---------------------------------------------------------------
COPsync, Inc. asks the U.S. Bankruptcy Court for the Eastern
District of Louisiana for 60-day extension of the exclusive periods
within which to file the plan of reorganization through March 30,
2018 and within which to obtain confirmation and acceptance of the
plan of reorganization through May 27, 2018.

COPsync's plan is due to be filed on or about Jan. 29, 2018 and
must be confirmed and/or accepted by March 28, 2018.

The Debtor notes that this chapter 11 case involves the
restructuring of over $13 million in prepetition debt obligations.
In addition, as has been detailed in prior filings with the Court
and testimony elicited in hearings in this Case, many of the
Debtor's managers as of the Petition Date were relatively new to
the company.  This made an otherwise potentially streamlined
process very complex and, at times, arduous. It took several months
of review and work for the Debtor to finalize its Amended Schedules
and Statement of Financial Affairs (filed on Dec. 18, 2017).  The
Debtor also completed a sale of many of its assets, which sale
closed in late November.

The Debtor tells the Court that it has already completed a sale of
many of its assets.  The Debtor is proceeding expeditiously toward
confirmation of a Plan which would liquidate the remainder of its
assets, including certain claims which the Debtor believes it
holds.  The Debtor is in the process of vetting special counsel,
and intends to file a plan which will incorporate a litigation
trustee to pursue these claims in favor of the Debtor's Estate.

As such, the Debtor needs time to file its anticipated application
to employ special counsel to pursue certain claims of the Debtor
and to continue its review of the claims which have been and are to
be filed.  The Bar Date is Jan. 17, 2018 and for governmental units
it is March 28, 2018.  Providing the Debtor the time requested
herein will permit the Debtor to provide its creditors better
information in the Disclosure Statement and Plan.

Accordingly, the Debtor requests additional time to determine and
analyze the amounts and documentation of the proof of claims that
are filed prior to the Jan. 17, and March 28, 2018 deadline in the
order to properly reflect information in the preparation of the
disclosure statement and plan of reorganization regarding
classification of the claims and sufficient funding around which a
plan would be based.

The Debtor believes there will be little prejudice to Creditors, as
the Debtor is operating on a very lean staff and solely for the
purpose of preparing and filing this Plan and Disclosure Statement.
Further, the Debtor asserts that extending the Exclusivity Periods
will actually benefit creditors by avoiding the drain on estate
assets attendant to the costs and expense incurred in preparing and
serving a Disclosure Statement and Plan that would require
modifications. Allowing the Debtor to remain the sole potential
plan proponent facilitates this possibility. The relief will
benefit the Debtor's estate, its creditors, and other key parties
in interest.

                        About COPsync

COPsync, Inc. was created in 2005 as a "software for a service" or
"SaaS" platform for law enforcement to share real-time information
amongst counties, agencies, and departments.  It was created in
response to the 2000 death of one of COPsync's co-founders'
colleagues and friends, Texas Department of Public Safety Trooper
Randy Vetter, who was killed making what he believed to be a
routine traffic stop for a seatbelt violation.  The Company's
products include nationally shared network of law enforcement
information COPsync Network, software-driven in-car HD video system
Vidtac, real-time threat alert system COPsync911, and court
buildings security provider COURTsync.

COPsync completed a $10.6 million equity financing capital raise in
November 2015 and became listed on the Nasdaq Capital Market
exchange (COYN).

COPsync, Inc., filed a voluntary petition for relief under chapter
11 of the Bankruptcy Code (Bankr. E.D. La. Case No. 17-12625) on
Sept. 29, 2017.  It is represented by John M. Duck, Esq., Robin B.
Cheatham, Esq., Victoria P. White, Esq., and Scott R. Cheatham,
Esq., at Adams and Reese LLP, as counsel.  Jones Walker, LLP,
serves as special counsel. Alliance Overnight Document Service, LLC
serves as its noticing agent.

The Debtor estimated $1 million to $10 million in both assets and
liabilities.


CROWN HOLDINGS: S&P Rates Unit's Euro-Denominated Unsec. Notes 'BB'
-------------------------------------------------------------------
S&P Global Ratings assigned its 'BB' issue-level rating and '3'
recovery rating to Crown European Holdings S.A.'s, a subsidiary of
Crown Holdings Inc., proposed EUR335 million senior unsecured notes
due 2023 and EUR600 million senior unsecured notes due 2026. The
'3' recovery rating on this debt, indicates S&P's expectation for
meaningful (50%-70%; rounded estimate: 55%) recovery in the event
of a payment default.

S&P said, "At the same time, we also assigned our 'B+' issue rating
and '6' recovery rating, to Crown Americas LLC and Crown Americas
Capital Corp. VI's, subsidiaries of Crown Holdings Inc., proposed
$750 million senior unsecured notes due 2026. The '6' recovery
rating on this debt, indicates our expectation for negligible
(0%-10%; rounded estimate: 0%) recovery in the event of default."

The company intends to use the net proceeds from these note
offerings, along with available funds (which include the recently
proposed senior secured term loans), to finance its pending $4
billion acquisition of Signode Industrial Group.

RECOVERY ANALYSIS

Key Analytical Factors

S&P said, "Our analysis assumes a simulated default in 2022 and a
somewhat higher gross enterprise value (EV) of $6.6 billion. We
applied a 6x multiple to an estimated distressed emergence EBITDA
of $1.1 billion. The multiple is in line with those that we use for
Crown's peers that share a similar business risk profile
assessment. A payment default would require a substantial and
unexpected decline in Crown's profitability and cash flow, likely
caused by a sharp drop in demand for metal containers, cost
pressures, client attrition, and the substitution of plastic for
metal packaging.

"We assume that roughly 25% of this value relates to the U.S.
(Crown Americas and domestic subsidiaries), 54% to foreign
subsidiaries (Crown European Holdings S.A. or CEH and
subsidiaries), and 21% to various joint-venture (JV) interests (14%
for Asian JVs, which roll up under CEH, and 7% for the Latin
American JVs, which roll up under Crown Americas)."

Credit facility borrowings in the U.S. benefit from a lien on most
of Crown's domestic assets (excluding mortgages on real estate and
35% of the equity in its foreign subsidiaries) and 65% of the
equity in its first-tier foreign subsidiaries. Direct borrowings by
foreign subsidiaries have additional guarantees and collateral.

S&P said, "We assume the $1.65 billion revolver (recently upsized
by $250 million) is 85% drawn at default, with slightly more than
half of the amount borrowed abroad. A collection allocation
mechanism would equalize recovery rates for all bank tranches,
despite the better guarantor and collateral terms for the non-U.S.
borrowings.

"The senior notes issued by CEH would have a structurally senior
claim to the non-U.S. EV (relative to U.S. debt), although this
claim is unsecured and effectively junior to foreign secured
borrowings (including those under the credit facility). The '6'
recovery rating on Crown America's unsecured notes reflects our
expectation for negligible recovery (0%-10%). While these notes are
guaranteed by Crown's domestic subsidiaries, they are effectively
junior to the substantial amount of secured debt and structurally
senior borrowings at foreign nonguarantor subsidiaries. The
unsecured debentures issued by Crown Cork and Seal also have a '6'
recovery rating as they are structurally junior to Crown's other
debt because they lack guarantees from operating subsidiaries."

Recovery assumptions and simplified waterfall (million $)

-- Simulated year of default:  2022
-- Emergence EBITDA/multiple/gross EV:  $1,099/6x/$6,593
-- Valuation split--Crown Americas/Crown European/JVs:
    25%/54%/21%
-- Net recovery value after administrative costs (5%):  $6,264
-- JV net EV: $1,315
-- JV direct borrowings (estimated): $128
-- JV third-party equity interests: $243
-- Residual JV value (split Crown Americas/Crown European): $944
($155/$789)
-- Crown European net EV: $3,382
-- Adjustment to Crown European EV for accounts receivables
securitizations: $207
-- Net value from JV interests: $789
-- Net value available to Crown European creditors: $3,965  
-- Foreign credit facility borrowings: $2,027
-- Crown European unsecured notes: $3,343
    --Recovery expectations-full range/rounded estimate:
50%-70%/55%
-- Residual value available to U.S. creditors: None
-- Crown Americas EV: $1,566
-- Adjustment for U.S. accounts/receivable securitizations: $132  

-- Net value to Crown Americas from JV interests/collateral (65%):
$155/$101
-- Estimated credit facility collateral value: $3,562 *
-- Secured credit facility debt: $4,519
-- Estimated recovery from collateral/total: 79%/79%
    --Recovery expectations-full range/rounded estimate:
70%-90%/75%
-- Total value available to unsecured claims: $54
-- Crown Americas senior unsecured notes: $2,199
-- Deficiency claim on secured credit facility: $957
-- Total unsecured claims: $3,156
    --Recovery expectations-full range/rounded estimate: 0%-10%/0%
-- Total value available to deeply subordinated claims: $0
-- Unguaranteed debentures: $410
    --Recovery range:   0%-10%/rounded estimate 0%

Note: Debt amounts include six months of prepetition interest.
*Estimated collateral available to the credit facility includes
direct foreign borrowings of $2.027 billion, $1.434 billion from
Crown Americas, and 65% of the equity in the Latin American JVs
($101 million). S&P said, "We assume the $1.65 billion revolving
credit facility is 85% drawn at default, with roughly 54% of this
amount borrowed abroad. We do not adjust for deficits on pensions
and other post retirement liabilities because the estimated
postretirement funding deficits are below our materiality threshold
(10% of estimated debt at default)."

Calculation of emergence EBITDA ($ million):

-- Default EBITDA proxy (interest expense plus amortization plus
minimum capital expenditures): $910 ($575+$75+$260)

-- Emergence EBITDA (default EBITDA proxy+cycl. adjusted plus
operational adjustment): $1,099 ($910+$46+$143)

Fixed charge calculation: S&P's default EBITDA proxy does not
include scheduled amortization that exceed 5% of the original
principal (adjusted for prepayments), as large scheduled payments
are generally not expected to be met with cash flow.

  RATINGS LIST

  Crown Holdings Inc.
  Corporate credit rating                  BB/Positive/--

  New Ratings
  Crown European Holdings S.A.
   Senior Unsecured
    EUR335 mil sr unsecd notes due 2023      BB
     Recovery rating                       3(55%)
    EUR600 mil sr unsecd notes due 2026      BB
     Recovery rating                       3(55%)

  Crown Americas LLC
  Crown Americas Capital Corp. VI
   Senior Unsecured
    $750 mil sr unsecd notes due 2026      B+
     Recovery rating                       6(0%)


CROWNE AUTOMOTIVE: Moody's Assigns B3 CFR; Outlook Stable
---------------------------------------------------------
Moody's Investors Service assigned a B3 Corporate Family Rating
(CFR) and B3-PD Probability of Default Rating (PDR) to Crowne
Automotive Aftermarket, LLC (t/b/k as Trico Group, LLC).
Concurrently, Moody's assigned a B3 rating to the proposed first
lien term loan. The rating outlook is stable.

The company plans to utilize the proceeds to refinance existing
debt including a revolver pay down. Concurrently with the proposed
refinancing, certain assets related to the production of chassis,
metal tubing and plastic injection molded components for original
equipment manufacturers (OEM) currently owned by Trico's parent
will be separated and capitalized with a different debt structure.
Both Trico and the OEM business will be owned and controlled by the
company's CEO Patrick James. Crowne Automotive Aftermarket, LLC
will be the initial borrower under the credit facilities. Following
the loan transaction closing, Crowne Automotive Aftermarket will be
renamed to Trico Group, LLC. For purposes of the credit discussion,
Moody's will refer to Crowne Automotive Aftermarket, LLC, Trico
Group, LLC and its wholly owned subsidiaries collectively as
"Trico".

The following ratings are assigned:

Issuer: Crowne Automotive Aftermarket, LLC (t/b/k as Trico Group,
LLC)

Corporate Family Rating, Assigned B3

Probability of Default Rating, Assigned B3-PD

$425 Million Senior Secured First Lien Term Loan due 2025,
Assigned B3 (LGD3)

Outlook is Stable

The ratings assigned are subject to Moody's receipt and review of
final documentation upon the close of the proposed transaction.

RATINGS RATIONALE

Trico's B3 CFR reflects its limited track record operating as one
company, high customer and product concentration, declining
revenues at key customers in recent years and high leverage. The
company also operates in a highly cyclical automotive industry,
although its aftermarket presence provides a more stable source of
product demand associated with the replacement parts of already
existing vehicles. Additionally, the company holds a favorable
market position in a niche segment of wipers (67% of LTM 9/30/2017
revenues) for primarily the automotive aftermarket and has good
profitability relative to peers. Moody's projects that Crowne's
debt-to-EBITDA leverage (6.6x LTM 9/30/17 incorporating Moody's
standard adjustments and pro-forma for the debt transaction) will
remain high as the company manages through its recent key customer
changes. For example, Trico lost 56% of revenue to one key customer
in the last one year and nine months but increased its revenue 10x
at another account.

Because the bulk of the operations were assembled through
acquisitions in 2013 and 2014, there is a limited track record as a
combined company. In addition, the separation of the OEM business
(except for wipers and blades) diminishes visibility into Trico's
stand-alone cost structure. The company is anticipating significant
cost savings from residual merger-related actions and streamlining
of activities such as sourcing. The B3 rating factors in execution
risk associated with fully realizing such savings into a sizable
and sustainable increase in the EBITDA margin.

The stable rating outlook reflects Moody's expectation that the
company's new business wins will reverse the declining revenue
trends experienced over the last few years such that Trico
generates modest revenue and EBITDA growth over the next 12-18
months. The stable outlook also incorporates Moody's view that
Trico will be able to realize meaningful cost savings and margin
improvement from its synergy and restructuring activities. Moody's
expect that the company's operating initiatives will lead to free
cash flow of approximately $20 million in the next 12 months.

An upgrade would require Trico to demonstrate consistent revenue
gains and margin improvement, resulting in debt to EBITDA remaining
below 5.5 times, EBITA-to-interest expense above 2.5x times and
free cash flow to debt of approximately 7%.

The ratings could be downgraded if the company is not able to
reverse negative revenue trends and sustain positive revenue
growth, or if margin improvement is not sufficient to generate
comfortably positive free cash flow. EBITA-to-interest expense
below 1.25 times or debt-to-EBITDA sustained above 7.5 times, an
inability to onboard new business efficiently or inability to renew
customer finance draft programs could also lead to a downgrade.
Additionally, debt financed acquisitions, shareholder returns, or a
deterioration of liquidity could also result in a lower rating.

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

Headquartered in Cleveland, Ohio, Trico is a leading manufacturer
and distributor of primarily aftermarket component parts for the
automotive and other industrial equipment markets. Wipers and
blades account for roughly two-thirds of revenue with fuel pumps
and lift supports and springs representing the bulk of the
remaining products. Revenue for the 12 months ended September 2017
was approximately $458 million. Trico is owned by the company's
Chairman, President & CEO.


DIFFUSION PHARMACEUTICALS: Amends 9.1 Million Shares Prospectus
---------------------------------------------------------------
Diffusion Pharmaceuticals, Inc., filed with the Securities and
Exchange Commission an amended Form S-1 registration statement
relating to the offering 9,154,930 shares of its common stock and
warrants to purchase up to 9,154,930 shares of common stock and the
shares of common stock that are issuable from time to time upon
exercise of the warrants.  The shares of common stock and the
warrants will be sold in fixed combination, with one warrant to
purchase one share of common stock accompanying each share of
common stock sold.  On Jan. 12, 2018, the last reported sale price
of the Company's common stock on the Nasdaq Capital Market was
$1.42 per share.  The public offering price per share of common
stock and accompanying warrant will be determined between the
Company and the underwriter at the time of pricing, and may be at a
discount to the then current market price.

Each warrant will have an exercise price of $___ per share of
common stock, will be exercisable upon issuance and will expire
five years from the date of issuance.  The shares of common stock
and the warrants are immediately separable and will be issued
separately, but must be purchased together in this offering.

Diffusion's common stock is listed on the Nasdaq Capital Market
under the symbol "DFFN."  There is no established trading market
for the warrants and the Company does not expect a market to
develop.  In addition, the Company does not intend to list the
warrants on the Nasdaq Capital Market, any other national
securities exchange or any other trading system.

A full-text copy of Form S-1/A is available for free at:

                     https://is.gd/LwzJeW

               About Diffusion Pharmaceuticals

Based in Charlottesville, Virginia, Diffusion Pharmaceuticals Inc.
-- http://www.diffusionpharma.com/-- is a clinical-stage
biotechnology company focused on extending the life expectancy of
cancer patients by improving the effectiveness of current
standard-of-care treatments including radiation therapy and
chemotherapy.  Diffusion is developing its lead product candidate,
trans sodium crocetinate, for use in the many cancers where tumor
hypoxia (oxygen deprivation) is known to diminish the effectiveness
of SOC treatments.  TSC targets the cancer's hypoxic
micro-environment, re-oxygenating treatment-resistant tissue and
making the cancer cells more vulnerable to the therapeutic effects
of SOC treatments without the apparent occurrence of any serious
side effects.

Diffusion reported a net loss of $18.03 million for the year ended
Dec. 31, 2016, compared to a net loss of $6.71 million for the year
ended Dec. 31, 2015.  As of Sept. 30, 2017, the Company had $28.32
million in total assets, $21.97 million in total liabilities and
$6.35 million in total stockholders' equity.

KPMG LLP, in McLean, Virginia, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2016, citing that the Company has suffered recurring
losses from operations, has limited resources available to fund
current research and development activities, and will require
substantial additional financing to continue to fund its research
and development activities.  These conditions raise substantial
doubt about its ability to continue as a going concern.


ENDO SURGICAL CENTER: Taps Trenk DiPasquale as Legal Counsel
------------------------------------------------------------
Endo Surgical Center of North Jersey, P.C., seeks approval from the
U.S. Bankruptcy Court for the District of New Jersey to hire Trenk,
DiPasquale, Della Fera & Sodono, P.C., as its legal counsel.

The firm will advise the Debtor regarding its duties under the
Bankruptcy Code; negotiate and prepare documents related to the
disposition of its assets; assist in the preparation of a plan of
reorganization; and provide other legal services related to its
Chapter 11 case.

The firm's hourly rates are:

     Partners          $325 - $625
     Associates        $255 - $295
     Law Clerks           $195
     Paralegals        $145 - $215
     Support Staff     $145 - $215

Anthony Sodono, III, Esq., and Sari Placona, Esq., the attorneys
who will be handling the case, charge $575 per hour and $295 per
hour, respectively.

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

Trenk DiPasquale can be reached through:

     Anthony Sodono, III, Esq.
     Sari B. Placona, Esq.
     Trenk DiPasquale Della Fera & Sodono, P.C.
     347 Mt. Pleasant Avenue, Suite 300
     West Orange, NJ 07052
     Phone: (973) 243-8600/(973) 323-8656
     E-mail: asodono@trenklawfirm.com
             splacona@trenklawfirm.com

                  About Endo Surgical Center of
                        North Jersey, P.C.

Endo Surgical Center of North Jersey, P.C., sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. D.N.J. Case No. 18-10753)
on Jan. 13, 2018.  Judge Vincent F. Papalia presides over the case.
Trenk DiPasquale Della Fera & Sodono, P.C., is the Debtor's
counsel.



ESCALERA RESOURCES: $340K Sale of Bakken Assets to Everest Okayed
-----------------------------------------------------------------
Judge Thomas B. McNamara of the U.S. Bankruptcy Court for the
District of Colorado authorized Escalera Resources Co.'s private
sale of its small overriding royalty interests, working interests
and mineral interests in certain oil and gas wells and leases
located in McKenzie, Burke, and Dunn Counties, North Dakota, and
Richland and Roosevelt Counties, Montanato ("Bakken Assets") to
Everest Energy, LLC, for $340,000.

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

Notwithstanding Fed. R. Bankr. P. 6004(h), the Order will be
effective and enforceable immediately upon entry, and its
provisions will be self-executing.  The Order will take effect
immediately and will not be automatically stayed pursuant to
F.R.B.P. 7062 or otherwise.

The filing of the Motion and the entry of the Order will be deemed
to have satisfied any requirement under F.R.B.P. 6004(f)(1) that
the Debtor file an itemized statement of property sold, name of the
Purchaser and price received with respect to the sale of the Bakken
Assets.

                     About Escalera Resources

Headquartered in Denver, Colorado, Escalera Resources Co.
(OTCMKTS:ESCRQ) is an independent energy company engaged in the
exploration, development, production and sale of natural gas and
crude oil, primarily in the Rocky Mountain basins of the western
United States.  Escalera was incorporated in Wyoming in 1972 and
reincorporated in Maryland in 2001. As of October 2015, the Company
had 22 employees, none of whom are subject to a collective
bargaining agreement.

Escalera Resources filed for Chapter 11 bankruptcy protection
(Bankr. D. Colo. Case No. 15-22395) on Nov. 5, 2015.  Adam Fenster,
the chief financial officer, signed the petition.

Escalera disclosed total assets of $97.7 million and total
liabilities of $67.7 million as of June 30, 2015.

Judge Thomas B. McNamara is assigned to the case.

The Debtor hired Onsager Guyerson Fletcher Johnson as bankruptcy
counsel; Hein & Associates, LLP, as accountants; Lindquist & Vennum
LLP, as special counsel in connection with the Humphrey litigation;
Jones & Keller, P.C., as special counsel for general corporate and
securities matters; Williams, Porter, Day & Neville, P.C. as
special counsel in the pursuit of a tax refund from the State of
Wyoming; and Seaport Global Securities LLC as investment banker.

On Nov. 13, 2015, the U.S. Trustee appointed an Official Unsecured
Creditors Committee.  

The Creditors Committee filed a motion to appoint a chapter 11
trustee on Oct. 16, 2016.  The Debtor filed a response, and the
parties informally agreed to put the matter on hold while Debtor
obtained and hired financial advisors to conduct a sale process and
file a new Plan.


EVERMILK LOGISTICS: General Truck Seeks Revision of Plan Outline
----------------------------------------------------------------
Creditor General Truck Leasing, LLC, objects to Evermilk Logistics
LLC's disclosure statement referring to its chapter 11 plan of
reorganization.

Debtor Evermilk filed its Chapter 11 petition on May 15, 2017.
General Truck is in the business of selling, leasing, renting and
servicing commercial trucks. Prior to the Petition Date, the Debtor
had leased and rented numerous trucks from General Truck.

General Truck objects to the disclosure statement because General
Truck cannot tell from the disclosure statement exactly what the
Debtor’s intentions are with respect to the Leases and Trucks.

Section IV E. of the Disclosure Statement provides that General
Truck will be classified by itself in Class 6 and will be "[p]aid
either (a) $106,984.60 or (b) agreed purchase price of leased
trucks." General Truck cannot discern from this language how the
Debtor proposes to deal with the 9 unexpired Leases, the 12 Trucks
in Debtor's possession or the claims of General Truck. The proposed
Plan is similarly vague and open ended regarding the treatment of
General Truck, with Section 3.6 of the Plan merely stating that "at
the option of the Debtor" the Debtor will either reject the Leases,
assume the Leases and make a cure payment of $106,984.60 or
purchase the Trucks for an "agreed purchase price."

The disclosure statement and plan should be revised to reflect
precisely how the Debtor proposes to deal with (a) each of the 9
unexpired Leases, (b) each of the 12 Trucks currently in Debtor's
possession, 9 of which are covered by unexpired Leases and 3 of
which are rented week to week, and (c) General Truck's claims,
including its $113,866.36 administrative claim and any cure claim.

In addition, although it is unclear from the disclosure statement
and plan, the proposed timeline for payments to creditors
(including holders of administrative claims) appears to contemplate
that initial payments will not be made until mid-June of 2018. The
plan and the disclosure statement provide that the "Effective Date"
will not occur until 45 days after the confirmation order is
entered and that the "Distribution Date" will not occur until an
additional 60 days after the Effective Date. The Effective Date
should occur once the confirmation order is final and
non-appealable, and the Distribution Date should occur on or within
a few business days after the Effective Date. The disclosure
statement should be revised to clearly state a date certain by
which creditors can expect to receive payment.

The Troubled Company Reporter previously reported that to pay the
administrative claims, professional fee claims, and any other
amounts due as of the effective date under the Plan, United Dairy
Group, LLC will contribute funds on the effective date, that when
added to the cash of the Debtor are sufficient to cover the said
claims and other amounts due. In any case, the investment will not
be less than $100,000. The current equity interests in the Debtor
will be canceled and new equity interests will be issued to United
Dairy in exchange for the investment. The payments due on and after
the effective date will be funded by the continued operations of
the Debtor.

A full-text copy of General Truck's Objection is available at:

     http://bankrupt.com/misc/insb17-03613-11-112.pdf

Attorneys for General Truck Sales, Inc.:

     James P. Moloy, Esq.
     BOSE MCKINNEY &EVANS LLP
     111 Monument Circle, Suite 2700
     Indianapolis, Indiana 46204
     Tel: (317) 684-5000
     Fax: (317) 684-5173 (FAX)
     Email: jmoloy@boselaw.com

                 About Evermilk Logistics

Evermilk Logistics LLC -- http://www.evermilklogistics.net/-- is a
member-managed Indiana limited liability company wholly owned by
Teunis Jan Willemsen.  It operates a commercial milk hauling
trucking business.  Its principal place of business is at 6615 W.
500 N., Frankton, Indiana 46044.  Evermilk hauls milk for local
dairy farms that sell milk to Dairy Farmers of America.  Evermilk
has been taking milk to the Eastern and Central United States, and
currently is picking up 20-25 tanker loads of milk each day. It
currently employs more than 60 driver and administrative or
maintenance personnel.

Evermilk Logistics LLC filed a Chapter 11 petition (Bankr. S.D.
Ind. Case No. 17-03613), on May 15, 2017.  The Petition was signed
by Teunis Jan Willemsen, member.  The case is assigned to Judge
Jeffrey J. Graham.  The Debtor is represented by Terry E. Hall,
Esq., at Faegre Baker Daniels LLP.  At the time of filing, the
Debtor had $100,000 to $500,000 in estimated assets and $1 million
to $10 million in estimated liabilities.

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


EXCO RESOURCES: Moody's Lowers Probability Default Rating to D-PD
-----------------------------------------------------------------
Moody's Investors Service downgraded EXCO Resources, Inc.'s
Probability of Default Rating (PDR) to D-PD from C-PD following the
company's announcement that it had filed a voluntary petition for
relief under Chapter 11 of the United States Bankruptcy Code in the
U.S. Bankruptcy Court for the Southern District of Texas on January
15, 2018. EXCO's Corporate Family Rating (CFR) was affirmed at C,
its senior secured rating was affirmed at Caa1 and its senior
unsecured rating was affirmed at C. The SGL-4 Speculative Grade
Liquidity (SGL) Rating remains unchanged. Outlook remains Stable.

Downgrades:

Issuer: EXCO Resources, Inc.

Probability of Default Rating, Downgraded to D-PD from C-PD

Ratings affirmed

Issuer: EXCO Resources, Inc.

-- Corporate Family Rating, Affirmed C

-- Senior Unsecured Notes, Affirmed C (LGD6)

Senior Secured Revolving Credit Facility, Affirmed Caa1 (LGD1)

Outlook Action:

Outlook, Remains Stable

Rating unchanged

-- Speculative Grade Liquidity Rating, at SGL-4

RATINGS RATIONALE

A bankruptcy filing by EXCO has resulted in its PDR being
downgraded to D-PD. The company's other ratings have been affirmed
since the rating actions taken on December 27, 2017 already
incorporated Moody's view on the potential recoveries for EXCO's
senior secured bank credit facility and its unsecured notes.
Shortly following this rating action, Moody's will withdraw all
ratings for the company consistent with Moody's practice for
companies operating under the purview of the bankruptcy courts
wherein information flow typically becomes much more limited (refer
to Moody's rating withdrawal policy on moodys.com).

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

EXCO Resources, Inc. is an independent exploration and production
company headquartered in Dallas, Texas.


EXCO RESOURCES: Says Business as Usual While in Chapter 11
----------------------------------------------------------
EXCO Resources, Inc., on Jan. 15, 2018, disclosed that in order to
facilitate a restructuring of its balance sheet, the Company and
certain of its subsidiaries have filed voluntary petitions for a
court-supervised reorganization under Chapter 11 of the United
States Bankruptcy Code in the U.S. Bankruptcy Court for the
Southern District of Texas ("the Court").  EXCO intends to operate
in the ordinary course of business during the restructuring
process.

EXCO continues to engage in constructive discussions with its
creditor constituencies regarding the terms of a financial
restructuring plan.  In conjunction with this process, EXCO will
explore potential strategic alternatives to maximize value for the
benefit of its stakeholders, including the marketing of the
Company's assets, which may result in a sale of certain or
substantially all of its assets under Section 363 of the Bankruptcy
Code or as part of the plan of reorganization.

EXCO has received a commitment of $250 million in
debtor-in-possession ("DIP") financing from certain of its existing
lenders including Fairfax Financial Holdings Limited and its
affiliates; Bluescape Resources Company LLC and its affiliates,
including Cove Key Management; and JPMorgan Chase Bank, N.A., and
certain of its affiliates.  The DIP financing, which is subject to
court approval, is expected to refinance the Company's existing
Reserve-Based Credit Agreement and support the Company's day-to-day
operations during the restructuring process.  The Company intends
to pay vendors in full for all goods and services provided after
the filing date.

Harold L. Hickey, EXCO's Chief Executive Officer and President,
said, "Like many other companies in our industry, EXCO's financial
position has been negatively impacted by the sustained downturn in
commodity prices and uncertainty in the energy market.  Despite
having taken actions to mitigate the impact of these factors,
including renegotiating certain commercial contracts, reducing
costs, restructuring our balance sheet and divesting assets, we
continue to face increasing liquidity pressures as we navigate the
competitive environment.  We believe that this financial
restructuring process will enable us to strengthen our balance
sheet as we continue to operate in the ordinary course of business.
With our strong asset base and operational expertise, we remain
confident in our ability to deliver value for the benefit of our
stakeholders."

Mr. Hickey continued, "I want to express my gratitude to the entire
EXCO team for their unwavering dedication and hard work.  I am
confident our employees will continue to focus on safe and
efficient execution of our day-to-day operations. We at EXCO are
also grateful for the ongoing support of our service providers,
business partners and other stakeholders during the restructuring
process."

In conjunction with the Chapter 11 process, the Company has filed a
number of customary motions with the Court seeking court
authorization to support its operations, including the payment of
employee wages, salaries and benefits.  EXCO is also seeking court
authorization to continue meeting its obligations to its royalty,
working interest and joint interest billing partners as well as
certain vendors.  The Company expects to receive court approval for
these requests shortly.

Additional information is available at
www.excoresources.com/restructuring/ and by calling (800) 683-4332.
Court filings and other information related to the
court-supervised proceedings are available at a website
administered by the Company's claims agent, Epiq Systems, at
http://dm.epiq11.com/EXCO.

As previously announced, the Company has retained PJT Partners LP
as financial advisor and Alvarez & Marsal North America, LLC as
restructuring advisor.  The Company continues to retain Kirkland &
Ellis LLP as legal advisor.

                        About EXCO Resources

EXCO Resources, Inc. (otc pink:XCOO) --
http://www.excoresources.com/-- is an oil and natural gas
exploration, exploitation, acquisition, development and production
company headquartered in Dallas, Texas with principal operations in
Texas, North Louisiana and the Appalachia region.  EXCO's
headquarters are located at 12377 Merit Drive, Suite 1700, Dallas,
TX 75251.

EXCO Resources reported a net loss of $225.3 million for the year
ended Dec. 31, 2016, compared to a net loss of $1.19 billion for
the year ended Dec. 31, 2015.  

As of Sept. 30, 2017, EXCO Resources had $830.17 million in total
assets, $1.59 billion in total liabilities and a total
shareholders' deficit of $760.36 million.



FENNER AVENUE: Taps Trenk DiPasquale as Legal Counsel
-----------------------------------------------------
Fenner Avenue, LLC, seeks approval from the U.S. Bankruptcy Court
for the District of New Jersey to hire Trenk, DiPasquale, Della
Fera & Sodono, P.C., as its legal counsel.

The firm will advise the Debtor regarding its duties under the
Bankruptcy Code; negotiate and prepare documents related to the
disposition of its assets; assist in the preparation of a plan of
reorganization; and provide other legal services related to its
Chapter 11 case.

The firm's hourly rates are:

     Partners          $325 - $625
     Associates        $255 - $295
     Law Clerks            $195
     Paralegals        $145 - $215
     Support Staff     $145 - $215

Anthony Sodono, III, Esq., and Sari Placona, Esq., the attorneys
who will be handling the case, charge $575 per hour and $295 per
hour, respectively.

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

Trenk DiPasquale can be reached through:

     Anthony Sodono, III, Esq.
     Sari B. Placona, Esq.
     Trenk DiPasquale Della Fera & Sodono, P.C.
     347 Mt. Pleasant Avenue, Suite 300
     West Orange, NJ 07052
     Phone: (973) 243-8600/(973) 323-8656
     E-mail: asodono@trenklawfirm.com
             splacona@trenklawfirm.com

                       About Fenner Avenue

Fenner Avenue, LLC, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D.N.J. Case No. 18-10755) on Jan. 13, 2018.
Judge Vincent F. Papalia presides over the case.  Trenk DiPasquale
Della Fera & Sodono, P.C., is the Debtor's counsel.




FINTUBE LLC: Auction of Remaining Assets Has $6M Opening Bid
------------------------------------------------------------
Judge Terrence L. Michael of the U.S. Bankruptcy Court for the
Northern District of Oklahoma approved Fintube, LLC's sale, outside
the ordinary course of business, of substantially all of the
remaining operational assets to Kentube Technologies, LLC, for
$6,100,000, subject to adjustments at closing, subject to higher
and better offer.

The Property of the Estate includes (a) real property interests
owned or leased by the Debtor; (b) machinery, equipment, vehicles
and other equipment, hardware and supplies and other tangible
personal property of every kind used in the Debtor's Business; (c)
certain Contracts; (d) accounts, notes and other receivables and
rights to payments; (e) deposits and pre-paid expenses; (f)
inventories; (g) Books and records; (h) Tranferable government
authorizations; (i) intangible assets including goodwill, licenses,
trade names, other intellectual property including the rights to
use the name "Fintube," "TEKTube," "Kentube Finned Products,"
Kentube Engineered Products," and "Aletas y Birolos" and other
intangible personal and other intellectual property such as email
addresses, Internet home pages, computer software licenses and the
like; (j) claims of Debtor against third parties to the extent they
relate to the sale assets or assumed liabilities; (k) certain
causes of action arising under Chapter 5 of the Bankruptcy Code;
and (l) all other personal property owned by the Debtor and used in
connection with the Debtor's Business.

These procedures will govern the sale of the Property by auction:

     a. At such time as it receives an acceptable offer to purchase
the Property offered for sale in the form of an asset purchase
agreement or similar, the Debtor will file a motion for approval of
the Initial Offer, with the sale to be free and clear of all liens,
claims, encumbrances and interests, subject to higher and better
offers to be obtained through written bids and an auction.  A Sale
Motion conforming to this requirement was filed on Jan. 8, 2018.

     b. The Debtor has obtained dates from the Court for a hearing
to receive higher and better offers from Qualified Bidders, to
consider objections to the Sale Motion, to approve a sale to the
highest and best bidder and approve a Backup Bid, and to waive the
14-day stay provided by B.R. 6004(h) and for other related relief.

     c. The Debtor will provide notice of the Initial Offer and of
the Sale Hearing and all applicable deadlines to all creditors,
parties in interest and to all known and prospective purchasers for
the Sale Assets.

     d. The Debtor and its marketing agent, ClearRidge, LLC, may
continue to solicit and receive other or higher offers to purchase
the Sale Assets from Qualified Bidders.  A Qualified Bidder or
Qualified Bid would consist, among other things:

          i. An offer, binding if approved by the Court, in the
form of an asset purchase agreement or similar agreement
substantially in the form of the Initial Offer. The offers must
include a black-lined version of such offer comparing it to the
Initial Offer.

         ii. The offers must exceed the Initial Offer by at least
the amount of any breakup fee and cost reimbursement provided in
the Initial Offer, plus $10,000.

        iii. The offers to be accompanied by an earnest money
deposit, in current funds, equal to the same percent of earnest
money deposit as provided in the Initial Offer.  It will be
retained in the Debtor's counsel's trust account and be subject to
the jurisdiction of the Court to be returned to any unsuccessful
bidder, except to the Backup Bidder with any interest actually
earned thereon, within two business days after the entry of a final
Order approving the Winning Bid.

         iv. The offers must be received no later than two business
days prior to the Sale Hearing.

     e. The Auction procedures will:

          i. Require that any offer be in an amount at least equal
to the Initial Offer plus any breakup fee and cost reimbursement
provided in the Initial Offer, plus $10,000;

         ii. Require that the minimum bidding increment thereafter
be $10,000;

         iii. Allow each Qualified Bidder the right to continue to
improve its bid at the auction; and

          iv. Require that each increased offer be in the same form
and terms, other than price, as the bidder's Qualified Bid.

     f. At the Sale on Feb. 13, 2018 at 10:00 a.m., the Debtor may
(i) modify the bid procedures or add additional terms and
conditions, subject to Court approval; or (ii) reject, at any time
before the entry of an Order of the Bankruptcy Court approving the
Sale Motion, any bid that is (A) inadequate or insufficient, (B)
not in conformity with requirements of the Bankruptcy Court, the
bid procedures or the terms and conditions of the sale, or (C)
contrary to the best interests of the Debtor, the Estate or the
creditors.

In order to be a Qualified Bid, an offer must be must be in writing
and received by the Debtor and ClearRidge, LLC no later than Feb.
9, 2018.  The Court has fixed Feb. 7, 2018 as the last date to file
objections to the Sale Motion.

The Notice of Sale by Auction of Substantially All of the Assets of
the Debtor Free and Clear of All Liens, Claims, Encumbrances and
Interests Pursuant to 11 U.S.C. Section 363; Notice of Opportunity
to Bid, Bidding Qualifications and Bidding Procedures; Notice of
Setting for a Hearing to Receive Bids and for Approval of Sale, and
Deadline to File Objections to the Sale is approved.

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

   http://bankrupt.com/misc/Fintube_LLC_169_Order.pdf

                       About Fintube LLC

Fintube, LLC, is a Delaware limited liability company engaged in
the business of engineering and manufacturing welded, extended
surface tubing and designing and fabricating heat recovery systems
for a worldwide market.  The Company has been in business for over
50 years.  Its primary facilities are located in Tulsa, Oklahoma.

Fintube filed a Chapter 11 petition (Bankr. N.D. Okla. Case No.
17-11274) on June 27, 2017.  The Debtor hired Doerner, Saunders,
Daniel & Anderson, L.L.P. as legal counsel; ClearRidge LLC as
financial advisor; and Bruce Jones, managing director of
ClearRidge, as chief restructuring officer.

On July 10, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  The Committee retained
Crowe & Dunlevy, PC, as counsel.

No trustee or examiner has been appointed.

On Aug. 18, 2017, the Court approved ClearRidge, LLC, to serve as
the Debtor's Marketing Agent.


GABRIELS TOWING: Court Conditionally Approves Disclosures
---------------------------------------------------------
Judge Michael B. Kaplan of the U.S. Bankruptcy Court for the
District of New Jersey issued an amended order conditionally
approving Gabriel's Towing & Recovery, Inc.'s small business
disclosure statement in support of its reorganization plan dated
Dec. 20, 2017.

Jan. 25, 2018 is fixed as the last day for filing and serving
written objections to the Disclosure Statement and confirmation of
the Plan, and the last day for filing written acceptances or
rejections of the Plan.

A hearing will be held on Feb. 2, 2018 at 10:00 a.m. for final
approval of the Disclosure Statement and for confirmation of the
Plan before the Honorable Michael B. Kaplan, U.S. Bankruptcy Court,
District of New Jersey, 402 East State Street Trenton NJ, in
Courtroom 8.

              About Gabriels Towing & Recovery

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


GENERAL MOTORS: Has No Duty to Warn Under Georgia Law, Court Rules
------------------------------------------------------------------
District Judge Thomas W. Thrash granted General Motors LLC's motion
to dismiss counts II, III and IV of the revised first amended
complaint filed by Kaitlyn Reichwaldt in the products liability
action captioned KAITLYN REICHWALDT, Plaintiff, v. GENERAL MOTORS
LLC, Defendant, Civil Action No. 1:16-CV-2171-TWT (N.D. Ga.).

This case arises out of an automobile accident in which the
Plaintiff sustained serious burn injuries. In her First Amended
Complaint, the Plaintiff alleges claims for negligence of Old GM,
failure to warn by Old GM, failure to warn by New GM, and punitive
damages.

First, the Defendant moves to dismiss Count II, which alleges a
claim for failure to warn based upon Old GM's conduct. In Count II,
the Plaintiff alleges that Old GM breached its duty to warn of the
danger present in its CK trucks and that New GM expressly assumed
liability for product liability claims against Old GM. The
Defendant argues that Georgia law does not recognize a duty to warn
this particular plaintiff because she is neither the purchaser nor
driver of the CK pickup truck. Thus, according to the Defendant,
the Plaintiff fails to state a claim for relief. The Plaintiff
argues that Georgia law requires the Defendant to warn reasonably
foreseeable third-party victims of the dangerous design of the CK
truck.

The Court concludes that Old GM did not owe a duty to warn this
Plaintiff. The Plaintiff argues that Old GM owed a duty to warn
reasonably foreseeable third-party victims of the dangerous fuel
tank system in the CK truck. With hundreds of thousands of CK
pickup trucks on the road, there are countless individuals who
could foreseeably come into contact with CK pickup trucks. It would
be impractical, if not impossible, to fulfill this purported duty
to warn. It is difficult to imagine the manner in which Old GM
would have been able to make such a warning, and it would be
unreasonable to impose such a duty. The Georgia Supreme Court made
a public policy determination in Certainteed Corp. against imposing
a duty to warn in situations such as this. Thus, the Plaintiff's
claim for Old GM's failure to warn fails under Georgia law.

Next, the Defendant moves to dismiss Count III. In Count III, the
Plaintiff alleges a claim for failure to warn based independently
upon the conduct of New GM. The Plaintiff argues that New GM knew
of the dangers presented by the CK trucks and did nothing to warn
of these dangers.

However, as explained, the duty to warn under Georgia law does not
extend to the Plaintiff in this case, who was one of the countless
third-party bystanders who could come into the vicinity of contact
with the CK truck. New GM does not owe a duty to warn to this
Plaintiff. Since no duty to warn is owed to this Plaintiff
generally, the Court finds it unnecessary to address whether New GM
could owe a duty to warn based upon its own independent conduct.

Finally, the Defendant moves to dismiss the Plaintiff's claim for
punitive damages. The Defendant argues that Count IV seeks punitive
damages based solely upon the conduct of New GM. And, since Count
III is the only claim based upon New GM's conduct, its dismissal
would require dismissal of Count IV as well. The Court agrees. The
Plaintiff admits in her First Amended Complaint that Count IV seeks
punitive damages based only upon New GM's conduct. Therefore, since
Count III fails to state a claim under Georgia law, the Plaintiff's
claim for punitive damages must also be dismissed.

A full-text copy of Judge Thrash's Opinion and Order dated Jan. 9,
2018 is available at https://is.gd/V6eQCD from Leagle.com.

Kaitlyn Reichwaldt, Plaintiff, represented by David Thomas
Rohwedder, Butler, Wooten & Peak, LLP, James Edward Butler, Jr.,
Butler, Wooten, Cheeley & Peak, LLP, Robert Henry Snyder, Jr.,
Butler, Wooten & Peak, LLP & Joseph Marshall Colwell, Butler,
Wooten & Peak, LLP.

General Motors LLC, Defendant, represented by Ashley Webber Broach
-- webberbroach@swiftcurie.com -- Swift, Currie, McGhee & Hiers,
LLP, C. Bradford Marsh – brad.marsh@swiftcurie.com --  Swift,
Currie, McGhee & Hiers, LLP, Kelly Renee Houk -- khouk@dykema.com
-- Dykema Gossett & Michael P. Cooney , Dykema Gossett, pro hac
vice.

                    About Motors Liquidation

General Motors Corporation and three of its affiliates filed for
Chapter 11 protection (Bankr. S.D.N.Y. Lead Case No. 09-50026) on
June 1, 2009.  The Honorable Robert E. Gerber presides over the
Chapter 11 cases.  Harvey R. Miller, Esq., Stephen Karotkin, Esq.,
and Joseph H. Smolinsky, Esq., at Weil, Gotshal & Manges LLP,
assist the Debtors in their restructuring efforts.  Al Koch at AP
Services, LLC, an affiliate of AlixPartners, LLP, serves as the
Chief Executive Officer for Motors Liquidation Company.  GM is also
represented by Jenner & Block LLP and Honigman Miller Schwartz and
Cohn LLP as counsel.  Cravath, Swaine, & Moore LLP is providing
legal advice to the GM Board of Directors.  GM's financial advisors
are Morgan Stanley, Evercore Partners and the Blackstone Group LLP.
Garden City Group is the claims and notice agent of the Debtors.

The U.S. Trustee appointed an Official Committee of Unsecured
Creditors and a separate Official Committee of Unsecured Creditors
Holding Asbestos-Related Claims.  Lawyers at Kramer Levin Naftalis
& Frankel LLP served as bankruptcy counsel to the Creditors
Committee.  Attorneys at Butzel Long served as counsel on supplier
contract matters.  FTI Consulting Inc. served as financial advisors
to the Creditors Committee.  Elihu Inselbuch, Esq., at Caplin &
Drysdale, Chartered, represented the Asbestos Committee.  Legal
Analysis Systems, Inc., served as asbestos valuation analyst.

The Bankruptcy Court entered an order confirming the Debtors'
Second Amended Joint Chapter 11 Plan on March 29, 2011.  The Plan
was declared effect on March 31.

On Dec. 15, 2011, Motors Liquidation Company was dissolved.  On the
Dissolution Date, pursuant to the Plan and the Motors Liquidation
Company GUC Trust Agreement, dated March 30, 2011, between the
parties thereto, the trust administrator and trustee -- GUC Trust
Administrator -- of the Motors Liquidation Company GUC Trust,
assumed responsibility for the affairs of and certain claims
against MLC and its debtor subsidiaries that were not concluded
prior to the Dissolution Date.

Motors Liquidation Company GUC Trust had $530.7 million in total
assets, $42.50 million in total liabilities and $488.21 million in
net assets in liquidation.


GEORGIA ANESTHESIA: PCO Not Necessary, Court Rules
--------------------------------------------------
Judge James R. Sacca of the U.S. Bankruptcy Court for the Northern
District of Georgia granted Northeast Georgia Anesthesia Services,
Inc.'s motion for an entry of an order determining that a patient
care ombudsman is not necessary in their case.

The Court says that the appointment of an ombudsman is not
necessary for the protection of patients under the specific facts
of this case.

As reported by the Troubled Company Reporter on Dec. 27, 2017,
Northeast asserted that it is an operating entity with every
intention of continuing its business. As such, it has every
incentive to continue providing its patients with the highest level
of care possible. Northeast's quality of service had nothing to do
with the filing of their chapter 11 case. Rather, it was a failed
expansion into too many new markets in too short a period of time
and a burdensome Medicare audit.

                      About 24 Amherst

24 Amherst, LLC and its affiliates filed Chapter 11 bankruptcy
petitions (Bankr. N.D. Ga. Case No. 17-22188) on Nov. 14, 2017.
Janene D. Holladay, its member, signed the petitions.  The Hon.
James R. Sacca presides over these cases.

24 Amherst, LLC, is a real estate company based in Winder, Georgia.
Northeast Georgia Anesthesia Services Inc. is a medical group
specializing in interventional pain management, anesthesiology,
pain management, addiction medicine, physical medicine and
rehabilitation.

Holladay Holdings has its principal place of business located at
984 Old Forge Lane, Jefferson, Jackson County, Georgia.  Holladay
Holdings owns three pieces of commercial real property, located at
these addresses: (1) 1503 Professional Court, Dalton, Georgia
("Dalton Property"); (2) 1620 Prince Avenue, Athens, Georgia
("Athens Property"); and (3) 1638 Prince Avenue, Athens, Georgia
("HQ Property").

Holladay Holdings rents the Dalton and Athens Property to
Northeast, which operates a pain and recovery practice in each of
the properties.  Holladay Holdings rents the HQ Property to
Northeast, where Northeast's headquarters is presently located.

The Debtors are represented by Anna Mari Humnicky, Esq., at Cohen
Pollock Merlin & Small, P.C.  J. Allen Sermour, CPA PC, serves as
the Debtors' accountant.


GMAC MORTGAGE: Missouri Court Junks D. Poole, et al.'s Lawsuit
--------------------------------------------------------------
Magistrate Judge Nanette A. Baker granted GMAC Mortgage, LLC's
motion to dismiss the case captioned DWAYNE F. POOLE, et al.,
Plaintiffs, v. GMAC MORTGAGE, LLC, Defendant, Case No. 4:11-CV-1849
NAB (E.D. Mo.).

In this case's long and somewhat tortured procedural history, the
Court has never had occasion to address the substance of any of
Plaintiffs' claims. In their petition for wrongful foreclosure,
Plaintiffs asserted a veritable laundry list of conclusory claims.
After parsing Plaintiffs' complaint, it appears that in addition to
their claim for wrongful foreclosure, Plaintiffs also requested
relief based on violations of the Fair Debt Collection Practices
Act, the Real Estate Settlement Procedures Act, the Truth in
Lending Act, the Fair Credit Billing Act, and allegations of common
fraud, as well as a host of other allegations that are too vague to
decipher, and all of which appear to be too baseless to address.
Plaintiffs appear to base their claims on a general allegation that
because Defendant has not provided them with an original Note with
"wet ink signature," Defendant could not have a valid right to
foreclose on their property. Plaintiffs request relief in the form
of an Order of this Court "denying Defendant's right to foreclose,"
and any other relief to which they are entitled, including
litigation costs. Defendant argues that Plaintiffs' claims are
without merit and must be dismissed because they fail to state a
claim upon which relief can be granted.

Plaintiffs appear to assert that Defendant never provided them with
the original "wet ink signature" Note, which they claim is required
by law, and that in failing to provide the original documentation,
Defendant implicitly admitted that it did not have standing to
foreclose. Plaintiffs' claim of wrongful foreclosure seems to rely
on the "show me the note" theory, which posits that "only the
holder of an original wet-ink signature note has the lawful power
to initiate a non-judicial foreclosure." The Pooles' "show me the
note" theory does not provide a viable legal basis for a wrongful
foreclosure claim in Missouri, and thus, Plaintiffs have not
presented a cognizable theory upon which the Court could issue an
order denying Defendant's right to foreclose.

The Pooles also appear to assert that the foreclosure was wrongful
because it violated the FDCPA. The FDCPA prohibits debt collectors
from employing harassing, false, deceptive, misleading, or
otherwise unfair or unconscionable means to collect debt.
Plaintiffs failed to assert or establish that Defendant is a "debt
collector" subject to liability under the statute. Accordingly, the
Court must dismiss their FDCPA claim.

The Court also dismisses all the Plaintiffs' remaining claims as
they are without merit.

A full-text copy of Judge Baker's Memorandum and Order dated Jan.
9, 2018 is available at https://is.gd/8H2q0L from Leagle.com.

Dwayne F. Poole, Plaintiff, Pro Se.

Trina M. Poole, Plaintiff, Pro Se.

GMAC Mortgage, LLC, Defendant, represented by Hilary H. Sommer --
hilary.sommer@bryancave.com -- BRYAN CAVE LLP & Jennifer M. West ,
SOUTH AND ASSOCIATES, P.C.

               About Residential Capital

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

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

ResCap disclosed $15.68 billion in assets and $15.28 billion in
liabilities at March 31, 2012.

Centerview Partners LLC and FTI Consulting are acting as financial
advisers to ResCap.  Morrison & Foerster LLP is acting as legal
adviser to ResCap.  Curtis, Mallet-Prevost, Colt & Mosle LLP is
the
conflicts counsel.  Rubenstein Associates, Inc., is the public
relations consultants to the Company in the Chapter 11 case.
Morrison Cohen LLP is advising ResCap's independent directors.
Kurtzman Carson Consultants LLP is the claims and notice agent.

Ray C. Schrock, Esq., at Kirkland & Ellis LLP, in New York, serves
as counsel to Ally Financial.

ResCap sold most of the businesses for a combined $4.5 billion.
The Bankruptcy Court in November 2012 approved ResCap's sale of its
mortgage servicing and origination platform assets to Ocwen Loan
Servicing, LLC and Walter Investment Management Corporation for $3
billion; and its portfolio of roughly 50,000 whole loans to
Berkshire Hathaway for $1.5 billion.

Judge Martin Glenn in December 2013 confirmed the Joint Chapter 11
Plan co-proposed by Residential Capital and the Official Committee
of Unsecured Creditors.


GORDON'S GLASS: Case Summary & 12 Unsecured Creditors
-----------------------------------------------------
Debtor: Gordon's Glass, Ltd.
        1927 Stout Drive
        Warminster, PA 18974

Type of Business: Gordon's Glass --http://gordonsglassltd.com/--
                  specializes in the design, fabrication, and
                  installation of frameless shower enclosures and
                  custom mirrors.  With its two locations, the
                  company now services the entire Mid-Atlantic
                  region.  Gordon's Glass' forte is residential
                  work (including the homes of celebrities such as
                  Bill Cosby, Will Smith and David Morse) and
                  commercial projects.  The Company is
                  headquartered in  Warminster, Pennsylvania.

Chapter 11 Petition Date: January 18, 2018

Court: United States Bankruptcy Court
       Eastern District of Pennsylvania (Philadelphia)

Case No.: 18-10321

Judge: Hon. Magdeline D. Coleman

Debtor's Counsel: Robert Mark Bovarnick, Esq.
                  BOVARNICK & ASSOCIATES, LLC
                  Two Logan Square
                  100 North 18th Street, Suite 2030
                  Philadelphia, PA 19103
                  Tel: 215-568-4480
                  E-mail: rmb@rbovarnick.com
                          rob@rbovarnick.com

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

Estimated Liabilities: $1 million to $10 million

The petition was signed by Mel Gordon, president.

A copy of the Debtor's list of 12 largest unsecured creditors is
available for free at:

     http://bankrupt.com/misc/paeb18-10321_creditors.pdf

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

           http://bankrupt.com/misc/paeb18-10321.pdf


GULF MEDICAL: Taps Wilson Harrell as Legal Counsel
--------------------------------------------------
Gulf Medical Services, Inc., seeks approval from the U.S.
Bankruptcy Court for the Northern District of Florida to hire
Wilson, Harrell, Farrington, Ford, Wilson, Spain & Parsons P.A. as
its legal counsel.

The firm will advise the Debtor regarding its duties under the
Bankruptcy Code and will provide other legal services related to
its Chapter 11 case.

Wilson Harrell does not hold any interest adverse to the Debtor and
its estate, according to court filings.

The firm can be reached through:

     Steven J. Ford, Esq.
     Wilson, Harrell, Farrington, Ford,
     Wilson, Spain & Parsons P.A.
     307 S. Palafox Street
     Pensacola, FL 32502
     Tel: 850-438-1111
     Fax: 850-432-8500
     Email: jsf@whsf-law.com

                  About Gulf Medical Services

Based in Pensacola, Florida, Gulf Medical Services, Inc. --
http://www.gulfmed.com/-- has been serving respiratory equipment,
sleep therapy equipment, and medical equipment to its customers
since 1987.  The company accepts assignments and bills Medicare,
Medicaid, Blue Cross Blue Shield, TriCare, and many other private
insurance policies.  Its gross revenue amounted to $7.89 million in
2017, $10.06 million in 2016 and $12.16 million in 2015.  

Gulf Medical Services sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Fla. Case No. 18-30012) on Jan. 5,
2018.  Kenneth R. Steber, president, signed the petition.

At the time of the filing, the Debtor disclosed $1.73 million in
assets and $5.15 million in liabilities.  

Judge Jerry C. Oldshue Jr. presides over the case.


HANISH LLC: GIRI Buying All Assets for $6.5 Million
---------------------------------------------------
Hanish, LLC, asks the U.S. Bankruptcy Court for the District of New
Hampshire to authorize the sale of substantially all assets to GIRI
Management, LLC, for $6,500,000, subject to overbid.

A hearing on the Motion is set for Feb. 28, 2018 at 2:00 p.m.  The
objection and counteroffer deadline is Feb. 21, 2018.

Prior to the Petition Date, the Debtor was formed to construct, own
and operate a 59-unit hotel under the "Fairfield Inn and Suites by
Marriott" flag, located at 8 Bell Avenue, Hooksett, New Hampshire.
The Hotel is operating by and through a management arrangement with
Jiten Hotel Management, Inc. ("JHM"), an affiliated company.  JHM
is the managing agent for the Debtor, which means it manages the
Hotel for the Debtor's account, in consideration for a management
fee.  JHM is owned by Nayan Patel, one of the owners of the Hotel.
All management fees during the case have been approved in budgets
approved by the Court.

There is also a franchise agreement with Marriott International,
Inc. for the franchise at the Hotel.  The contract provides many
things, but among other things, provides for the payment of
franchise fees in exchange for use of the Marriott flag and marks.
The franchise fee is current at this time.  There are other
obligations due from the Debtor to Marriott, including the property
improvement plan which obligates the Debtor to upgrade the facility
every five to seven years under the Marriott Agreement.

The construction of the Hotel ran into immediate problems.  In
addition, the Hotel opened in 2008 in the midst of a recession.
The Hotel has had the challenge of climbing out of its
difficulties, and it has done so.

Phoenix NPL, LLC, purchased the loans underlying the Hotel and the
Debtor evidenced by, among other things, a Construction Loan
Agreement dated Oct. 5, 2007, a Promissory Note in the original
principal amount of $5,900,000 also dated Oct. 5, 2007 and a
Promissory Note dated March 6, 2009 in the original principal
amount of $450,000 from the Federal Deposit Insurance Corp., as
Receiver for The National Republic Bank of Chicago, the original
lender to Hanish, on Feb. 20, 2015.  Thereafter Phoenix NPL
assigned the Loans to Phoenix REO, LLC on Sept. 2, 2015.

The 2007 Note is secured by a Security Agreement, Assignment of
Rents and Mortgage recorded in the Merrimack County Registry of
Deeds.  The 2007 Note is guaranteed by Nayan Patel.  The 2009 Note
is not guaranteed by Nayan Patel.  The loan matured.  Phoenix
refused to extend it.

Phoenix REO moved for a receiver to take over the Hotel in the
Merrimack (State of New Hampshire) Superior Court.  That request
was denied.  Prior to the Petition Date, Phoenix had scheduled a
foreclosure of the Hotel and refused to delay it.  It  also sued
Nayan Patel as the guarantor of the 2007 Note and restrained the
transfer of substantial assets of his and obtained attachments
against his assets.

The Chapter 11 was precipitated solely to stop the foreclosure.
The first order of business after stopping the foreclosure was to
obtain the emergency use of cash collateral, which Debtor obtained
by Court order.  After obtaining such usage, the Debtor began
negotiating with its Lender for the consensual use of cash to use
as a platform to engage the lender in settlement discussions and
develop consensual means to file this plan.  The Debtor and the
Lender reached agreement on the use of cash collateral which
provides for replacement liens, $20,000 increased to $30,000 a
month in cash payments and other protections.

The Debtor filed two unsuccessful plans of reorganization that were
objected to by Phoenix.  It then decided the best option for it and
its creditors was to sell the Hotel.  It engaged a national
brokerage firm, O'Connell Hospitality Group, LLC, who has
aggressively marketed the Hotel and who obtained the Buyer and
other interested parties.

The Debtor has operated successfully during the Chapter 11.  It has
dramatically increased revenue which has allowed it to increase
adequate protection payments to Phoenix.  To date Phoenix has be
paid approximately $460,000 in adequate protection payments
reducing Phoenix's claim from $6,732,462 to $6,272,462.  Phoenix's
claim continues to be paid $30,000 per month as further adequate
protection payments are made.  Phoenix is the dominant creditor in
the case.  The other creditors in the case total approximately
$100,000 against Phoenix's claim of $6.272 million dollars.
Phoenix continues to be paid $30,000 a month so its claim will
continue to decrease.  Phoenix has a blocking position regarding
any Plan.

At a sales price of $6.5 million after deducting real estate taxes,
transfer taxes, US Trustee fees and other closing costs and the
realtor's commission, Phoenix should be paid approximately $6.2
million dollars at the time of closing and its claim should be less
than $6.2 million at that time.  Its claim should be paid off.  It
will have no further claim against the Debtor.  To the extent more
is recovered from the sale than the total pre-petition claim of
Phoenix.  Phoenix will be paid more because it will be oversecured.
It is the intention of the Debtor to pay Phoenix all Net Proceeds
of the sale.  Provided the sale closes, Phoenix will not
participate in any distribution from the cash on hand or preference
recovery. Phoenix is expected to vote in favor of the Plan.

The other creditors consist of trade debt of approximately $25,000
and other debt of approximately $75,000 (legal fees and loans).
These claims will not be paid from the Net Proceeds.  Rather they
will be paid from cash on hand (which is an Excluded Asset under
the P&S) and a $200,000 preference claim owed to the Debtor by JHM.
After payment of administrative expenses, it is expected the
dividend will be 33% of each creditor's claim to be paid when a
plan of liquidation is approved by the Court.

The Sale will be approved independently of a plan of liquidation.
It will be approved first and then a plan will be approved.  The
creditors can expect payments when a plan is approved other than
Phoenix, who will be paid at closing of the sale or confirmation of
a Plan, whichever occurs first.  A plan is expected to be approved
approximately 60 days after sale.

The Buyer and the Debtor have entered into the Asset Purchase
Agreement dated Jan. 10, 2018.

The basic terms of the Sale to the Buyer are:

     a. Assets to Be Purchased by Buyer: The Buyer will acquire
substantially all of the Assets, consisting of real estate and all
other Assets of the Hotel except Excluded Assets.

     b. Purchase Price: $6.5 million dollars, payable by wire
transfer in USD at closing

     c. Deposit: $200,000

     d. Closing: The P&S requires a closing 135 days after
execution of the P&S, to allow time for due diligence and
acquisition of a new Marriott franchise by the Buyer.

     e. Contingencies: The Court approval and Marriott approval of
a new franchise agreement that corresponds with release of the
Debtor from obligations under the existing franchise agreement and
45 day due diligence period from the approval of the Break-Up Fee.

A copy of the P&S attached to the Motion is available for free at:

     http://bankrupt.com/misc/Hanish_LLC_313_Sales.pdf

The Assets are subject to the all asset lien of Phoenix.  The
Assets will be sold, "as is, where is," with no representations or
warranties of any kind except as otherwise provided in the P&S.
The executory contracts the Debtor intends to assume and assign
will be identified at the sale hearing.  It is possible there may
not be any assigned executory contracts.

Pursuant to the terms of the P&S, payment will be made at closing
of the sale, which will occur within 135 days of the execution of
the P&S.  Phoenix's secured claim and closing costs will be paid at
closing.  The remaining payments to creditors will be made from
cash on hand and the preference recovery after a plan is
confirmed.

The Debtor will solicit offers from competing bidders and has
submitted a Bid Procedures Motion with accompanying detailed
documentation of the proposed sale.  Anyone may make a qualified
counter-offer under the approved Bid Procedures by submitting such
offer by the counter offer deadline of Feb. 21, 2018 at 5:00 p.m.
To be a qualified Counter-Offer a Counter-Offer must: (1) offer at
least $100,000 more than the existing offer from the Buyer or $6.6
million dollars; (2) the Counter-Offeror must make a deposit of
$200,000 to be held by the Debtor's counsel; (3) the
Counter-Offeror must execute a P&S in the form of the existing P&S
and agree to all terms of the P&S; (3) the Counter-Offeror must
agree to obtain a franchise agreement from Marriott, that releases
the existing franchise agreement (5) the Counter-Offeror must
assume and take assignment of all Executory Contracts identified in
the P&S; and (6) the Counter-Offeror must demonstrate the financial
ability to close and fund the transaction.

In the event that the Buyer is not the successful bidder for the
Assets, then the Buyer will be entitled to a break-up fee equal to
the Buyer's reasonable attorney's fees and costs for pursuing the
Sale, up to $50,000.  The Buyer will submit bills (including
attorney's fees) to the over-bidder to justify its expenses.

The Purchaser:

          GIRI MANAGEMENT, LLC
          225 W. Squantum St., Suite 200
          Quincy, MA
          Attn: Ashish Sangani
          E-mail: asangani@girihotels.com

The Purchaser is represented by:

          Joshua Celeste, Esq.
          DUFFY & SWEENEY, LTD.
          1800 Financial Plaza
          Providence, RI 02903
          E-mail: jceleste@duffysweeney.com

                       About Hanish, LLC

Hanish, LLC, owns and operates a 59-unit Fairfield Inn & Suites by
Marriott in Hooksett, N.H.  The Company sought Chapter 11
protection (Bankr. D.N.H. Case No. 16-10602) on April 26, 2016, and
is represented by Steven M. Notinger, Esq., at Notinger Law, PLLC.
Nayan Patel, managing member, signed the petition.  Judge Bruce A.
Harwood presides over the case.  The Debtor estimated its assets
and debt at $1 million to $10 million at the time of the filing.


HATHAWAY HOMES: Trustee Taps Parsons Smith as Legal Counsel
-----------------------------------------------------------
The Chapter 11 trustee for Hathaway Homes Group, LLC, seeks
approval from the U.S. Bankruptcy Court for the District of Idaho
to hire legal counsel.

Gary Rainsdon, the bankruptcy trustee, proposes to employ Parsons,
Smith, Stone, Loveland & Shirley, LLP to give legal advice
regarding his duties under the Bankruptcy Code and provide other
legal services related to the Debtor's Chapter 11 case.

The firm will charge an hourly fee of $200 for its services.

Jason Naess, Esq., disclosed in a court filing that his firm has no
connection with the Debtor or any of its creditors.

Parsons Smith can be reached through:

     Jason R. Naess, Esq.
     Parsons, Smith, Stone, Loveland & Shirley, LLP
     137 West 13th Street
     P.O. Box 910 Burley, ID 83318
     Tel: (208) 878-8382
     Fax: (208) 878-0146
     Email: jason@pmt.org

                    About Hathaway Homes Group

Hathaway Homes Group, LLC, is a dealer of recreational vehicle and
manufactured homes in South East Idaho.  It offers a selection of
new modular homes, mobile homes, toy haulers, and pre-owned RVs and
trailer homes.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. Idaho Case No. 17-40992) on Nov. 10, 2017.  Paul J.
Hathaway, authorized representative, signed the petition.

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

Judge Jim D. Pappas presides over the case.


HOBBICO INC: Jan. 22 Meeting Set to Form Creditors' Panel
---------------------------------------------------------
William K. Harrington, United States Trustee for Region 3, will
hold an organizational meeting on Jan. 22, 2018, at 10:00 a.m. in
the bankruptcy case of Hobbico, Inc.

The meeting will be held at:

               The Doubletree Hotel
               700 King Street, Salon D
               Wilmington, DE 19801

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

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

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

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

                       About Hobbico, Inc.

Hobbico, Inc. -- https://www.hobbico.com/ -- is engaged in the
design, manufacturing, marketing and distribution of thousands of
hobby products including radio-control and general hobby products.
The company's merchandise includes a wide variety of radio-control
models from cars and boats to airplanes and helicopters.

Hobbico began in 1971 with just two people and now employs over 650
individuals in facilities that include its West Coast distribution
center in Reno, Nevada, facilities in Penrose, Colorado and Elk
Grove Village, Illinois and its corporate headquarters in
Champaign, Illinois.

Hobbico, Inc., along with its U.S. affiliates, sought Chapter 11
protection (Bankr. D. Del. Lead Case No. 18-10055) on Jan. 10,
2018.  The petitions were signed by Tom S. O'Donoghue, Jr., chief
restructuring officer.

Hobbico estimated assets of $10 million to $50 million and debt of
$100 million to $500 million.

The Hon. Kevin Gross is the case judge.

The Debtors tapped Neal, Gerber & Eisenberg LLP as general
bankruptcy counsel; Morris, Nichols, Arsht & Tunnell LLP as local
bankruptcy counsel; Lincoln International LLC as investment banker;
and Keystone Consulting Group, LLC, and CR3 Partners, LLC, as
restructuring advisors.  JND Corporate Restructuring is the notice
and claims agent.


HOVNANIAN ENTERPRISES: Gets Requisite OK to Amend Notes Indentures
------------------------------------------------------------------
Hovnanian Enterprises, Inc.'s wholly owned subsidiary, K. Hovnanian
Enterprises, Inc., has received the requisite consents to adopt the
proposed amendments to the indenture governing K. Hovnanian's
10.000% Senior Secured Notes due 2022 and 10.500% Senior Secured
Notes due 2024 with respect to the 2024 Notes from holders of the
2024 Notes in connection with K. Hovnanian's previously announced
solicitation of consents with respect thereto, which expired with
respect to the 2024 Notes at 5:00 p.m., New York City time, on Jan.
12, 2018.  The Consent Solicitations are made in accordance with
the terms and subject to the conditions stated in a Consent
Solicitation Statement, dated Dec. 28, 2017.

K. Hovnanian has notified Wilmington Trust, National Association,
the trustee and collateral agent under the indenture related to the
Notes, that it has received the consent of the Holders of at least
a majority in aggregate principal amount of outstanding 2024 Notes
as required to adopt the Proposed Amendments to the indenture
governing the Notes solely with respect to the 2024 Notes.
Accordingly, K. Hovnanian, the Company, as guarantor, the other
guarantors party thereto, and the Trustee executed on
Jan. 16, 2018 a supplemental indenture to the indenture governing
the Notes effecting the Proposed Amendments with respect to the
2024 Notes.  The Supplemental Indenture is effective and
constitutes a binding agreement among K. Hovnanian, the Guarantors
and the Trustee as of its date of execution.  However, the
Supplemental Indenture, by its terms, provides that the Proposed
Amendments will not become operative unless and until K. Hovnanian
pays the consent consideration to the Information and Tabulation
Agent for the consenting holders of the 2024 Notes, which it
intends to do promptly.

Holders of the 2024 Notes who validly delivered (and did not
validly revoke) consents to the Proposed Amendments in the manner
described in the Consent Solicitation Statement prior to the
Expiration Date are eligible to receive consent consideration equal
to $2.50 per $1,000 principal amount of 2024 Notes for which
consents were validly delivered prior to the Expiration Date (and
not validly revoked prior to the date the Supplemental Indenture
was executed and became effective).  Holders of the 2024 Notes that
provide consents after the Expiration Date will not receive consent
consideration.

The Company also announced that K. Hovnanian has modified the terms
of the Consent Solicitation with respect to the 2022 Notes, as set
forth in a Supplement to the Consent Solicitation Statement, dated
Jan. 16, 2018.

The terms of the Consent Solicitation with respect to the 2022
Notes have been modified to extend the expiration date and increase
the consent consideration.  The expiration date for the Consent
Solicitation has been extended to 5:00 p.m., New York City time, on
Jan. 22, 2018.  Holders of 2022 Notes who validly deliver (and do
not validly revoke) consents to the Proposed Amendments with
respect to the 2022 Notes in the manner described in the Consent
Solicitation Statement will now be eligible to receive consent
consideration equal to $5.00 per $1,000 principal amount of 2022
Notes for which consents have been validly delivered prior to the
2022 Notes Expiration Date (and not validly revoked).

Holders of 2022 Notes who have previously delivered consents do not
need to redeliver such consents or take any other action in
response to this announcement in order to consent or receive the
increased consent consideration upon the successful conclusion of
the Consent Solicitation relating to the 2022 Notes.  Holders of
the 2022 Notes are referred to the Consent Solicitation Statement
for the detailed terms and conditions of the Consent Solicitation
with respect to the 2022 Notes, all of which remain unchanged
except as set forth in this release and the Supplement.

Requests for copies of the Consent Solicitation Statement and other
related materials should be directed to Global Bondholder Services
Corporation, the Information and Tabulation Agent for the Consent
Solicitations, at (212) 430-3774 (collect) or (866) 470-4300
(toll-free).

K. Hovnanian's obligations to pay the consent consideration are set
forth solely in the Consent Solicitation Statement.

                    About Hovnanian Enterprises

Hovnanian Enterprises, Inc. (NYSE:HOV) -- http://www.khov.com/--
founded in 1959 by Kevork S. Hovnanian, is headquartered in Red
Bank, New Jersey.  The Company is a homebuilder with operations in
Arizona, California, Delaware, Florida, Georgia, Illinois,
Maryland, New Jersey, Ohio, Pennsylvania, South Carolina, Texas,
Virginia, Washington, D.C. and West Virginia.  The Company's homes
are marketed and sold under the trade names K. Hovnanian Homes,
Brighton Homes and Parkwood Builders.  As the developer of K.
Hovnanian's Four Seasons communities, the Company is also a builder
of active lifestyle communities.

Hovnanian Enterprises reported a net loss of $332.2 million for the
year ended Oct. 31, 2017, compared to a net loss of $2.81 million
for the year ended Oct. 31, 2016.  As of Oct. 31, 2017, Hovnanian
Enterprises had $1.90 billion in total assets, $2.36 billion in
total liabilities and a total stockholders' deficit of $460.37
million.

                          *     *     *

In April 2016, Moody's Investors Service downgraded the Corporate
Family Rating of Hovnanian Enterprises to 'Caa2' and Probability of
Default Rating to 'Caa2-PD'.  The downgrade of the Corporate Family
Rating reflects Moody's expectation that Hovnanian will need to
dispose of assets and seek alternative financing methods in order
to meet its upcoming debt maturity wall.

In January 2018, S&P Global Ratings lowered its corporate credit
rating on Red Bank, N.J.-based Hovnanian Enterprises Inc. to 'CC'
from 'CCC+' and placed it on CreditWatch with negative
implications.  The downgrade follows Hovnanian's announcement of a
proposed exchange offering for up to $185 million of its 8% senior
notes due 2019 with $26.5 million of cash, up to $99.9 million of
13.5% unsecured notes due 2026, and up to $99.4 million of 5%
unsecured notes due 2040. The exchange offer will be outstanding
until Jan. 29, 2018.

As reported by the TCR on Jan. 9, 2018, Fitch Ratings had
downgraded Hovnanian Enterprises, Inc.'s (NYSE: HOV) Issuer Default
Rating (IDR) to 'C' from 'CCC' following the company's announcement
that it will be exchanging up to $185 million of its $236 million
8% senior unsecured notes due Nov. 1, 2019 for a combination of
cash, new 13.5% senior unsecured notes due 2026 and new 5% senior
unsecured notes due 2040.


HUSKY INC: Court OK's Disclosures; April 10 Plan Hearing
--------------------------------------------------------
Judge Enrique S. Lamoutte Inclan of the U.S. Bankruptcy Court for
the District of Puerto Rico approved Husky, Inc., and Christian
Elderly Home Inc.'s disclosure statement referring to a plan of
reorganization dated July 11, 2017.

Objections to claims must be filed 45 days prior to the hearing on
confirmation.

Acceptances or rejections of the Plan may be filed in writing by
the holders of all claims on/or before 14 days prior to the date of
the hearing on confirmation of the Plan.

Any objection to confirmation of the plan must be filed on/or
before 21 days prior to the date of the hearing on confirmation of
the Plan.

A hearing for the consideration of confirmation of the Plan will be
held on April 10, 2018 at 10:00 A.M. at Jose V. Toledo Fed. Bldg. &
U.S. Courthouse, Courtroom 2, 300 Recinto Sur Street, Old San Juan,
Puerto Rico.

The Troubled Company Reporter previously reported that Class 5
general unsecured claims filed by governmental entities and Class 6
general unsecured claims filed by other creditors will be paid in
84 equal monthly Installments under the plan. These unsecured
creditors will recover 3% of their claims.

A copy of the disclosure statement is available for free at:

                   https://is.gd/Jn6CWU

                      About Husky Inc.

Husky, Inc., based in Gurabo, Puerto Rico, is the 100% owner of
Christian Elderly Home, Inc., having a current value of $1 million.
It also owns a 2,320 square-meter lot with concrete building for
storage located at Barrio Rincon and valued at $300,000.

Husky and Christian Elderly filed separate Chapter 11 petitions
(Bankr. D.P.R. Case Nos. 17-02559 and 17-02561) on April 12, 2017.

Edgardo Garcia Rosario, president, signed the petitions.

In its petition, Husky disclosed $1.32 million in assets and $7.63
million in liabilities.  Christian Elderly disclosed $1.04 million
in assets and $7.5 million in liabilities.

Judge Enrique S. Lamoutte Inclan presides over the cases.  Carmen
D. Conde Torres, Esq., at the Law Offices of C. Conde & Associates,
is the Debtors' bankruptcy counsel.


INSPIRATION ESTATES: Taps Cooper Pautz as Legal Counsel
-------------------------------------------------------
Inspiration Estates, LLC, seeks approval from the U.S. Bankruptcy
Court for the Western District of New York to hire Cooper, Pautz,
Weiermiller & Daubner, LLP, as its legal counsel.

The firm will assist the Debtor in the preparation of a bankruptcy
plan; review claims of creditors; represent the Debtor in any
litigation; and provide other legal services related to its Chapter
11 case.

Mark Weiermiller, Esq., the attorney who will be handling the case,
charges an hourly fee of $250.

The firm received a retainer in the sum of $3,000 from Bradley
Smith, the Debtor's sole member.

Mr. Weiermiller does not represent or hold any interest adverse to
the Debtor and its estate, according to court filings.

The firm can be reached through:

     Mark A. Weiermiller, Esq.
     Cooper, Pautz, Weiermiller & Daubner, LLP
     2854 Westinghouse Road
     Horseheads, New York 14845
     Email: mweiermiller@cpwdlaw.com

                     About Inspiration Estates

Inspiration Estates, LLC, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D.N.Y. Case No. 17-21303) on Dec. 7,
2017.  Bradley T. Smith, member, 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 Warren presides over
the case.  Cooper, Pautz, Weiermiller & Daubner, LLP, serves as
counsel to the Debtor.


ITRON INC: $100MM Notes Add-On No Impact on Moody's B2 Rating
-------------------------------------------------------------
Moody's Investors Service said that Itron, Inc.'s Ba3 Corporate
Family Rating ("CFR") and the B2 rating on its 5% senior unsecured
notes due 2026 are not affected by the $100 million add-on to the
notes issue. The add-on is positive for liquidity as proceeds of
the additional notes are expected to be used to repay a portion of
revolver borrowings with the remainder increasing pro forma cash
balances. The outlook remains stable.

Moody's maintains the following ratings on Itron, Inc.:

- Corporate Family Rating, at Ba3

- Probability of Default Rating, at Ba3-PD

- Senior Unsecured Notes due 2026 (including add-on), at B2

- Outlook, remains Stable

The incremental expected availability under Itron's $500 million
revolving credit facility moderately enhances the company's
availability under its facility. Itron's speculative grade
liquidity rating of SGL-2, denoting a good liquidity profile,
remains unchanged and reflects Moody's expectation that the company
will maintain good liquidity over the next 12-to-18 months
supported by healthy free cash flow generation of over $100 million
annually, good revolver availability and financial ratio covenant
headroom. The additional $100 million of notes is anticipated to be
largely offset by Itron having to borrow corresponding less under
its revolving credit facility to fund projected growth and does not
have a meaningful impact on Moody's projections for the company's
future leverage. Although the proposed add-on notes issuance
increases liquidity by increasing revolver availability and the
cash balance, downward pressure on the ratings could occur if
Itron's debt/EBITDA were to reach and be sustained above 4.0x
(including Moody's standard pension and leases and exclusive of any
potential synergies). However, Moody's ratings incorporate the
expectation that credit metrics will remain in line with the rating
agency's expectations for the Ba3 CFR over the intermediate term
given Moody's expectation that the company will meaningfully repay
debt, convert backlog to revenues as well as realize operating
efficiencies and Silver Spring acquisition-related synergies.

Headquartered in Liberty Lake, Washington, Itron is a leading
provider of metering and related communication systems to electric,
gas and water utilities globally. Pro forma for the proposed
acquisition of Silver Spring, annual revenues for the
publicly-traded company approximate $2.4 billion.


IVAN RENE MOORE: District Court Affirms Chapter 11 Case Dismissal
-----------------------------------------------------------------
District Judge Andre Birotte, Jr., affirms the order of the
Bankruptcy Court dismissing the chapter 11 case of Ivan R. Moore
with a 180-day bar to refiling in the appeals case captioned IVAN
RENE MOORE, Appellant, v. UNITED STATES TRUSTEE FOR REGION 16,
Appellee, Case No. CV 16-09540-AB (C.D. Cal.).

Dismissal of a chapter 11 case under requires a two-step analysis.
"First, it must be determined that there is 'cause' to act. Second,
once a determination of 'cause' has been made, a choice must be
made between conversion and dismissal based on the 'best interests
of the creditors and the estate."In considering the second prong,
"the court must consider the interests of all of the creditors."

Judge Birotte holds that the bankruptcy court applied the right
legal standard because it addressed both issues -- whether there
was cause and what was the best interest of the creditor.  First,
the bankruptcy court found cause. It found that the Appellant did
not comply with the Trustee's reporting requirements, did not
accurately complete his schedules, has a history of vexatious
litigation, and acted in bad faith in not scheduling Barbour as a
creditor.  Second, the bankruptcy court concluded that dismissal
was in the "best interest of the creditors and the estate."
Appellant provided three declarations that purportedly show
conversion or dismissal was not in the creditors' best interest.
However, the bankruptcy court gave these declarations little weight
because they "consist merely of conclusory statements asserting
that the creditors believe [Moore] can successfully confirm a
plan."  The declarations did not set forth facts or evidence
justifying the creditors' belief that plans could confirm.
Therefore, the bankruptcy court concluded that based on Appellant's
past failure to comply, there was no reasonable likelihood that the
plan would confirm.  Thus, conversion or dismissal was mandatory
because that was in the best interest of the creditors.

The bankruptcy court also did not commit clear error by placing a
180-day bar against re-filing. The bankruptcy court relied on ample
evidence to conclude that Moore could not afford to fund additional
litigation. It noted that Wells Fargo holds a $7.1 million judgment
against Appellant. Moreover, the bankruptcy court noted that
Moore's only asset that could yield a distribution to creditors is
his judgment against Kimberly Martin-Bragg Barbour.  However, Moore
would have a hard time satisfying his judgment with his judgment
against Barbour because she had filed a chapter 7 bankruptcy.

The bankruptcy court's factual findings were supported by objective
facts from the record. The bankruptcy court's conclusions were
neither illogical, implausible, nor unsupported; thus, they must be
affirmed.

The bankruptcy case is in re: IVAN RENE MOORE, Debtor, Case No.
2:16-bk-24226-ER (Bankr. C.D. Cal.).

A full-text copy of the Court's Order dated Jan. 5, 2018 is
available at https://is.gd/VTatv1 from Leagle.com.

Ivan Rene Moore, Appellant, Pro Se.

U.S. Trustee, Appellee, represented by Hatty Yip , Office of the
United States Trustee Department of Justice & Russell S. Clementson
, Office of the United States Trustee.

Wells Fargo Bank, N.A., Creditor, represented by Joshua Kenneth
Partington -- joshuap@amlegalgroup.com -- Assayag Mauss LLP &
Michele Sabo Assayag -- michelea@amlegalgroup.com -- Assayag and
Mauss LLP.


JUAN WILLIAMS: Selling Palm Beach Gardens Property for $455K
------------------------------------------------------------
Juan J. Williams asks the U.S. Bankruptcy Court for the Southern
District of Florida to authorize the sale of real property located
at 104 Via Condado Way, Palm Beach Gardens, Florida, more
particularly described as Lot 157, of Mirabella at Mirasol Plat
"B," as recorded in Plat Book 92, at Page 28, of the Public Records
of Palm Beach County, Florida, to Deanna Schiappa for $455,000.

The Debtor owns the Property.  It was valued at $400,000 per the
Agreed Order Granting Motion to Clarify Status of the Motion to
Value entered on Oct. 6, 2017.  However, in the current market, the
Debtor believes it to be full fair market value at the contract
price, which is $455,000.

On Dec. 27, 2017, the Debtor entered into the As Is Residential
Contract for Sale and Purchase on the Property with the Buyer in
the amount of $455,000, with $5,000 earnest money.  Proceeds from
the sale will be paid to Wilmington Savings Fund Society, FSB, as
trustee of Upland Mortgage Loan Trust A, currently serviced by
Carrington Mortgage Services, LLC in full satisfaction of its pre-
and post-petition in the amount of the secured claim of $400,000,
with the balance of the proceeds to be paid to the Debtor.

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

    http://bankrupt.com/misc/Juan_Williams_242_Sales.pdf

The Motion is brought on an emergency basis due to the fact that
the Buyer has directed that the closing must occur by Feb. 16,
2018.  Due to the proposed Closing Date, a hearing in advance of
the Feb. 16, 2018 date is requested.

The Debtor submits that the sale should be free and clear of all
liens, claims and encumbrances, with any such liens, claims or
encumbrances to attach to the proceeds of the sale.  He intends to
demonstrate at the Sale Hearing that the sale should be approved
pursuant to Section 363(f) of the Bankruptcy Code.  There are sound
business reasons justifying the sale of the Property.

The Purchaser:

          Deanna Schiappa
          114 Stonebriar Blvd.
          Jupiter, FL 33458

The Creditor:

          WILMINGTON SAVINGS FUND SOCIETY, FSB
          500 Delaware Avenue
          Wilmington, DE 19801

The case is In re Juan J. Williams (Bankr. S.D. Fla. Case No.
14-10791).  David Lloyd Merrill, Esq., at THE ASSOCIATES, serves as
counsel to the Debtor.



K'NEX INDUSTRIES: PNC Bank to Conduct Foreclosure Sale on Jan. 29
-----------------------------------------------------------------
PNC Bank, National Association, in its capacity as a secured
creditor, intends to sell, assign and transfer the rights, title
and interest of:

     (i) Smart Brands International Co., LLC,

    (ii) K'NEX Industries, LLC, and

   (iii) K'NEX Limited Partnership Group

in certain property to the highest or best qualified bidder(s), as
determined by PNC, by a public sale on Monday, January 29, 2018, at
11:00 p.m. (EST)

         Place: Blank Rome LLP
         One Logan Square (11th Floor)
         130 N. 18th Street
         Philadelphia, PA 19103

With respect to each K'NEX entity, the bank will sell all assets,
including accounts, inventory, equipment, machinery, furniture,
fixtures, general intangibles, tradenames, trademarks, goodwill,
certain contracts, customer lists, and all books and records, other
than Excluded Property.

The Excluded Property consists of Cash and cash equivalents,
equity/membership/ partnership interests in certain subsidiaries
and affiliates of K'NEX, refunds or credits for taxes accrued prior
to closing of the sale and for prepaid insurance and deposits, all
accounts receivable owing to K'NEX or any of their subsidiaries by
Toys "R" Us, Inc. or any of its subsidiaries, and certain
contracts.

PNC holds a security interest in substantially all of the property
of K'NEX pursuant to the provisions of the Uniform Commercial Code
of the State of Delaware and the Debtors' rights in the Sale
Collateral will be sold in accordance with the provisions of the
UCC under such procedures and rules as PNC may determine. PNC
reserves the right to modify such procedures at any time in its
discretion.

The public sale will be conducted on an "AS IS, WHERE IS" basis,
without representation or warranty of any kind from PNC as to
title, quality, quantity, quiet enjoyment, merchantability, fitness
for a particular purpose, or any other matter. Bids may be in bulk
only (unless PNC elects otherwise).

PNC has received an offer from a third party for all of the Sale
Collateral.  That existing offer is subject to a variety of terms
and conditions that are set forth in a certain Asset Sale Agreement
negotiated between and among PNC, K'NEX, and the buyer.

Any bid received at the public sale for the Sale Collateral must be
higher or better than the offer contained in the Proposed Sale
Agreement and any new bidder must be prepared to accept the terms
and conditions set forth in the Proposed Sale Agreement (including
the assumption of indebtedness as provided therein), unless PNC
otherwise agrees.

The unidentified buyer's offer consists of $21,000,000 plus assumed
liabilities, plus or minus certain working capital adjustments.
The Offered Price will be deemed the opening bid at the public
sale. A minimum overbid will be required at the public sale.

All bidders must be pre-qualified on or before 5:00 p.m. on January
24, 2018 to participate in the auction and for such purpose shall
provide PNC with, among other information, financial information
and other documents necessary to demonstrate its ability to close
the transaction within the time frame set forth and with
information to satisfy the requirements of PNC as to AML and OFAC
regulations. No bids shall be subject to any further due diligence
or financing contingencies.

Among other conditions, in order for a bidder to be pre-qualified,
each bidder must enter into a customary confidentiality agreement
and post with PNC a good faith deposit in an amount equal to the
greater of (a) $2,000,000 and (b) 10% of its bid, in cash, by an
irrevocable letter of credit, or cashier's or bank check, or by
wire transfer of immediately available funds, which will be
refundable if the bidder is not the successful bidder.

Unless otherwise agreed to by PNC, closing of the sale will occur
on February 2, 2018, and payment of the entire balance of the
purchase price will be due and payable to PNC on such date by
cashier's or bank check or by wire transfer of immediately
available funds. PNC reserves the right to credit bid in such
amount as PNC may determine in its sole and absolute discretion. If
PNC determines that a higher or better offer has not been received
at the auction, PNC intends to immediately consummate the sale of
the Sale Collateral to the buyer identified under the Proposed Sale
Agreement. Moreover, the buyer under the Proposed Sale Agreement
has the right (but not any obligation) to submit a higher or better
bid at the public sale if it chooses to do so.

This notification does not constitute a binding offer by PNC to
sell the Sale Collateral. PNC reserves the right to adjourn the
sale for any reason it may determine.

Inquiries concerning the sale, including any requests for
inspection of the Sale Collateral (at a bidder's expense),
financial information as to K'NEX and other terms of sale, may be
made to Jason T. Sylvester at (215) 585-7816. On a confidential
basis only, any bidder that has been qualified shall be entitled to
receive a copy of the Proposed Sale Agreement prior to the date of
the auction sale.

Parties attending the sale may contact Gregory F. Vizza, Esq. at
Blank Rome at (215) 569-5500 in advance so that the building
security may be alerted.

Based in Hatfield, Pennsylvania, K'NEX -- http://www.knex.com/--
manufactures and sells construction toys for children and other age
groups in the United States and internationally.


KARON RICHARD: Johnsons Buying Waynesville Property for $680K
-------------------------------------------------------------
Karon Fay Richard asks the U.S. Bankruptcy Court for the Western
District of Virginia to authorize the sale of real property located
54 Keeping Court, Waynesville, North Carolina to William and Carol
Johnson for $680,000.

The Debtor and her husband own the Property.  The Property is
subject to a first priority lien in favor of Wells Fargo Bank,
which is owed approximately $142,000.  

By order entered March 2, 2017, the court approved the retention of
Keller Williams-Lake Norman-Cornelius as real estate agent.
Gregory Bracht signed the Declaration on behalf of Keller Williams.
Mr. Bracht subsequently left Keller Williams and became employed
by Puma & Associates, which acted as the Sellers' agent in the
transaction.  Contemporaneous with the filing of the Motion, the
Debtor has filed an Application asking authority to retain Puma &
Associates Realty as real estate agent, nunc pro tunc to Dec. 1,
2017.

Subject to court approval, the Debtor has entered into a contract
to sell the Property to the Buyers for $680,000, with $10,000
earnest money.  The Property has been on the market for
approximately 18 months, and the Debtor believes that this price
accurately reflects the fair market value of the Property.

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

     http://bankrupt.com/misc/Karon_Richard_70_Sales.pdf

At closing, the Debtor proposes to pay the sale proceeds as
follows: (i) ordinary and necessary costs and expenses of closing;
(ii) real estate commission to be shared by the Sellers' and the
Buyers' agents, Puma & Associates Realty and Sundog Realty, Inc;
(iii) ordinary and necessary costs of closing, including any
allocations of items such as utilities and taxes; (iv) payment of
amounts due to Wells Fargo that are secured by the Property.

The Debtor asks an order authorizing the sale, with all liens to be
paid from the sale proceeds.  The settlement is scheduled for Feb.
28, 2018.  She further asks that pursuant to Fed. R. Bankr. Pro.
6003(h), the Court directs that the order approving the Motion
becomes effective immediately and that the 14-day stay will not
apply.

The Purchasers:

          William and Carol Johnson
          101 Thornwood Drive
          Cary, NC 27518
          E-mail: cnjhome1@gmail.com

                   About Karon Fay Richard

Karon Fay Richard sought Chapter 11 protection (Bankr. W.D. Va.
Case No. 16-50842) on Aug. 31, 2016.  The Debtor tapped Ann E.
Schmitt, Esq., at Culbert & Schmitt as bankruptcy counsel.  THe
Debtor tapped Puma & Associates Realty as real estate agent, nunc
pro tunc to Dec. 1, 2017.


KERRY NOBLE: Court OK's Appointment of J. Searcy as Ch. 11 Trustee
------------------------------------------------------------------
Judge Bill Parker of the U.S. Bankruptcy Court for the Eastern
District of Texas approved the U.S. Trustee's appointment of Mr.
Jason R. Searcy as the Chapter 11 trustee for the bankruptcy estate
of Kerry Bryon Noble.

                About Kerry Bryon Noble

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.



LE-MAR HOLDINGS: Committee Seeks Appointment of Ch. 11 Trustee
--------------------------------------------------------------
The Official Committee of Unsecured Creditors of Debtors Le-Mar
Holdings, Inc., and affiliates filed a motion asking the U.S.
Bankruptcy Court for the Northern District of Texas for an order
directing the appointment of a chapter 11 trustee for the Debtors.

The Committee asserts that the Debtors face a fundamental cash
crisis that can only be remedied by an impartial trustee prepared
to act in the best interests of all stakeholders.  The Debtors are
party to valuable contracts with the United States Postal Service,
but incumbent management is woefully incapable of managing the
Debtors' books and records competently -- let alone restructuring
the Debtors' overall business operations, leading to a complete
erosion of creditor confidence in the Debtors' rehabilitation.

The Debtors are barely cash flow positive and have incurred, and
continue to incur, administrative expenses that exceed any
projected cash on hand.  These administrative expenses result from
the Debtors' decision to delay payment to their equipment lessors
for the first 60 days of these cases, which predictably has created
a hostile environment with vendors critical to the Debtors’
operations.

The Debtors' books and records are also in total disarray.  The
Debtors do not possess reviewed financial statements for 2016, the
tax returns and financial statements provided contain unexplainable
gaps and inconsistencies, and intercompany transactions cannot be
reconciled.  The tax returns are missing schedules and the
financial statements reveal inappropriate shifting of expenses and
inexplicable variances in fees and expenses.  There is no way the
Debtors can reorganize without a clear, coherent understanding of
their finances.  The Debtors are obligated to provide, and the
creditors are entitled to, an accurate picture of the Debtors'
financial condition.  Current management is incapable of providing
this information.  A chapter 11 trustee is required to gain control
over the Debtors' books, records, and business to implement a
viable exit strategy.  The best interests of these estates and
their creditors demand nothing less.

A full-text copy of the Committee's Request is available at:

     http://bankrupt.com/misc/txnb17-50234-11-296.pdf

Counsel to the Official Committee of Unsecured Creditors of Le-Mar
Holdings, Inc., et al.:

     Max R. Tarbox, Esq.
     TARBOX LAW P.C.
     2301 Broadway
     Lubbock, TX 79401
     Tel: (806) 686-4448
     Fax: (806) 368-9785
     Email: max@tarboxlaw.con1

        -- and --

     Eric R. Wilson, Esq.
     Maeghan J. McLoughlin, Esq.
     KELLEY DRYE & WARREN LLP
     101 Park Avenue
     New York, New York 10178
     Tel: (212) 808-7800
     Fax: (212) 808-7897
     Email: ewilson@kelleydrye.com
            mmcloughlin@kelleydrye.com

               About Le-Mar Holdings, Inc.

Le-Mar Holdings, Inc., is a mid-sized company in the general
freight trucking business with operations in Grand Prairie,
Amarillo, Midland, Abilene, San Angelo, Austin, San Antonio, Lufkin
and Lubbock.

Chuck and Tracey Edwards own approximately 63.9% of the equity
interests in Le-Mar while the Lawrence and Margie Edwards'
Grand-Children's Trust owns approximately 36.1% of the equity
interests.  Le-Mar Holdings owns 100% of the equity interests of
Edwards Mail Service, Inc., and 50% of the membership interests of
Taurean East, LLC.  Chuck and Tracey Edwards own 50% of the
membership interests of Taurean East.

Le-Mar Holdings, Edwards Mail and Taurean East sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Tex. Case Nos.
17-50234 to 17-50236) on Sept. 17, 2017. Chuck Edwards, its
president, signed the petitions.

At the time of the filing, Le-Mar Holdings estimated assets and
liabilities of $1 million to $10 million.


LEHMAN BROTHERS: Affiliates to Explore Options to Monetize Claims
-----------------------------------------------------------------
Lehman Brothers Holdings Inc. ("LBHI"), as Plan Administrator
pursuant to its confirmed chapter 11 plan for the wind down of its
controlled affiliates ("Lehman"), on Jan. 17 disclosed that certain
of its controlled affiliates intend to explore monetization
opportunities related to allowed claims they hold against LBHI and
their non-controlled foreign affiliate Lehman Brothers Treasury Co.
B.V.  There is no assurance that Lehman will proceed with any such
opportunities.

                      About Lehman Brothers

Lehman Brothers Holdings Inc. -- http://www.lehman.com/-- was the
fourth largest investment bank in the United States.  For more than
150 years, Lehman Brothers has been a leader in the global
financial markets by serving the financial needs of corporations,
governmental units, institutional clients and individuals
worldwide.

Lehman Brothers Holdings filed for Chapter 11 bankruptcy (Bankr.
S.D.N.Y. Case No. 08-13555) on Sept. 15, 2008.  Lehman's bankruptcy
petition disclosed US$639 billion in assets and US$613 billion in
debts, effectively making the firm's bankruptcy filing the largest
in U.S. history.  Several other affiliates followed thereafter.
Affiliates Merit LLC, LB Somerset LLC and LB Preferred Somerset LLC
sought for bankruptcy protection in December 2009.

The Debtors' bankruptcy cases were assigned to Judge James M. Peck.
Judge Shelley Chapman took over the case after Judge Peck retired
from the bench to join Morrison & Foerster.

A team of Weil, Gotshal & Manges, LLP, lawyers led by the late
Harvey R. Miller, Esq., serve as counsel to Lehman.  Epiq
Bankruptcy Solutions serves as claims and noticing agent.

Dennis F. Dunne, Esq., Evan Fleck, Esq., and Dennis O'Donnell,
Esq., at Milbank, Tweed, Hadley & McCloy LLP, in New York, served
as counsel to the Official Committee of Unsecured Creditors.
Houlihan Lokey Howard & Zukin Capital, Inc., served as the
Committee's investment banker.

On Sept. 19, 2008, the Honorable Gerard E. Lynch of the U.S.
District Court for the Southern District of New York, entered an
order commencing liquidation of Lehman Brothers, Inc., pursuant to
the provisions of the Securities Investor Protection Act (Case No.
08-CIV-8119 (GEL)).  James W. Giddens was appointed as trustee for
the SIPA liquidation of the business of LBI.  He is represented by
Hughes Hubbard & Reed LLP.

The Bankruptcy Court approved Barclays Bank Plc's purchase of
Lehman Brothers' North American investment banking and capital
markets operations and supporting infrastructure for US$1.75
billion.  Nomura Holdings Inc., the largest brokerage house in
Japan, purchased LBHI's operations in Europe for US$2 plus the
retention of most of employees.  Nomura also bought Lehman's
operations in the Asia Pacific for US$225 million.

Lehman emerged from bankruptcy protection on March 6, 2012, more
than three years after it filed the largest bankruptcy in U.S.
history.  The Chapter 11 plan for the Lehman companies other than
the broker was confirmed in December 2011.

                          *     *     *

In October 2016, the team winding down LBHI paid $3.8 billion to
creditors, the 11th distribution since Lehman's collapse in 2008.
This brought the total payout to more than $113.6 billion.
Bondholders were projected to receive about 21 cents on the dollar
when Lehman's bankruptcy plan went into effect in early 2012.  The
11th distribution raised the bondholders' recovery to more than 40
cents on the dollar and recoveries for general unsecured creditors
of Lehman's commodities to 79 cents on the dollar.  Lehman's
aggregate 12th distribution to unsecured creditors pursuant to its
confirmed Chapter 11 plan will total approximately $3.0 billion.


LEI TRANSPORTATION: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------------
Debtor: LEI Transportation, Inc.
        4500 Hugh Howell Road, Suite 790
        Tucker, GA 30084

Type of Business: LEI Transportation Inc --
                  http://www.leitransportation.com-- is a
                  full-service freight shipping company with
                  the assets, experience and logistics to
                  handle freight shipments of any size.  The
                  company is headquartered in Tucker, Georgia.

Chapter 11 Petition Date: January 17, 2018

Case No.: 18-50786

Court: United States Bankruptcy Court
       Northern District of Georgia (Atlanta)

Debtor's Counsel: Paul Reece Marr, Esq.
                  PAUL REECE MARR, P.C.
                  300 Galleria Parkway, N.W., Suite 960
                  Atlanta, GA 30339
                  Tel: 770-984-2255
                  Fax: (770) 984-0044
                  E-mail: paul@paulmarr.com
                          paul.marr@marrlegal.com

Estimated Assets: $50,000 to $100,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Michael D. Walling, CEO.

A full-text copy of the petition, along with a list of the Debtor's
20 largest unsecured creditors, is available for free at:

       http://bankrupt.com/misc/ganb18-50786.pdf


LINDSAY JENKINS: District Court Affirms Chapter 11 Case Dismissal
-----------------------------------------------------------------
In the cases captioned LINDSAY JENKINS, Appellant, v. SELECT
PORTFOLIO SERVICING, INC. AS AGENT FOR U.S. BANK, N.A., et al.,
Appellees, Case Nos. 16 C 11685, 17 C 1120 (N.D. Ill.), District
Judge Matthew F. Kennelly affirmed the bankruptcy court's ruling
granting the SPS and Elizon motions for relief from the automatic
stay and dismissing Lindsay Jenkins chapter 11 case.

By October 2016, when she filed a bankruptcy petition under Chapter
11, Jenkins had been in default on two mortgages for years. The
Bankruptcy Code provides that, upon filing a petition, all
proceedings to collect from the debtor are automatically stayed.
Two entities -- Elizon Master Participation Trust I, U.S. Bank
Trust National Association, as Owner-Trustee (Elizon), and Select
Portfolio Servicing, Inc. as servicing agent for U.S. Bank NA,
successor trustee to Bank of America, NA, successor to LaSalle Bank
NA, as trustee, for the WaMu Mortgage Pass-Through Certificates,
Series 2006-AR2 (SPS) -- each of which serviced one of the
mortgages, separately moved to lift the automatic stay so they
could proceed with foreclosure. The bankruptcy court granted both
motions. The U.S. Trustee then moved to dismiss Jenkins's
bankruptcy case. The bankruptcy court granted the motion. Jenkins
has appealed these decisions and alleges she has experienced
additional wrongs at the hands of the judge, court staff, and other
parties.

Jenkins has appealed two of the bankruptcy court's orders and has
raised numerous other issues. The first two issues in this appeal
are whether the bankruptcy court abused its discretion by granting
the SPS and Elizon motions for relief from the automatic stay or
dismissing Jenkins's bankruptcy petition. The final issue is
whether any of Jenkins's other allegations against the judge,
Trustee, and opposing party have merit.

The bankruptcy court did not abuse its discretion by modifying the
automatic stay for SPS after finding that Jenkins lacked adequate
protection. SPS sought to proceed on foreclosure proceedings
against Jenkins. Jenkins had been in default for 81 months and owed
in excess of $200,000. With a self-reported net monthly income of
$520, it would have taken Jenkins over 30 years to catch up on the
deficiency if every bit of that money went toward this particular
loan.

Although Elizon moved to modify the stay on a different basis, the
Court also holds that the bankruptcy court did not abuse its
discretion by modifying the stay for Elizon. Jenkins could not show
that she would adequately protect Elizon's interest in the
property, given the period it would require for her to cure the
deficiency.

The bankruptcy court also did not abuse its discretion by
dismissing Jenkins's petition, as Jenkins had failed to file any of
the monthly operating reports and had not shown a reasonable
likelihood of rehabilitating her estate.

A full-text copy of the Court's Memorandum Opinion and Order dated
Jan. 9, 2018 is available at https://is.gd/hVsCHk from Leagle.com.

Lindsay Jenkins, Appellant, Pro Se.

Patrick S Layng, Appellee, represented by Cameron M. Gulden, U.S.
Department of Justice Office of the United States Trustee & Mary
Gretchen Silver, Dept. of Justice, Office of United States
Trustee.

Service List,, represented by Judge Hollis, United States
Bankruptcy Court.

Lindsay Jenkins filed for Chapter 11 bankruptcy protection (Bankr.
N.D. Ill. Case No. 17-22285) on July 26, 2017.


MANN REALTY: Plan is Patently Unconfirmable, Secured Lender Says
----------------------------------------------------------------
Secured creditor and Lender McCormick 108, LLC, filed an objection
to Debtor Mann Realty Associates, Inc.'s amended disclosure
statement in support of its plan of reorganization.

The Debtor is currently indebted to the Lender under and in
connection with a $1,000,000 commercial loan that the Lender
previously made to the Debtor.  The Loan is evidenced by, among
other things, a Promissory Note, dated Feb. 1, 2007, executed and
delivered by the Debtor to the order of Commerce Bank/Harrisburg,
N.A. in the stated principal amount of $1,000,000.

McCormick complains that the Disclosure Statement lacks adequate
information pertaining to the Debtor's Case Real Property,
revenues, income, financial statements and projections and the
proposed sale and marketing for the Real Property.

The Plan and Disclosure Statement generically set forth the
Debtor's intention to sell the Real Property. The Plan and
Disclosure Statement provide no further treatment for the Lender's
Loan and secured claim. This Plan is patently unconfirmable because
the Debtor's general intention to sell the Real Property without
further information and treatment of the Lender's secured claim is
not fair and equitable under the circumstances. A disclosure
statement cannot be approved if the related plan is patently
unconfirmable.

The Debtor's Disclosure Statement is also devoid of any substantive
information regarding the Debtor's Real Property other than a
simple listing of its alleged fair market value and liquidation
value attached to the Disclosure Statement. The Disclosure
Statement fails to provide information regarding (a) the nature,
condition and description of the Real Property, (b) the basis for
any valuation of the Real Property, (c) a complete listing of the
liens that exist against the Real Property and the amount of the
liens, (d) the expenses related to the Real Property, (e) whether
any real estate taxes are owed with respect to the Real Property,
and (f) the cash flow generated by the Real Property. This is basic
information that creditors need to evaluate the proposed Plan.

With respect to the Lender's Loan Documents and Real Property, the
Debtor simply proposes to liquidate and/or sell the Real Property.
The Debtor's proposed terms are unacceptable and are contrary to
the requirements of the Bankruptcy Code. Imposing the Debtor's
proposed terms on the Lender would be unreasonable and would not
pass muster under the "fair and equitable" standard set forth in
Section 1129(b). The Loan Documents were in default, were fully
matured prior to the Petition Date and the Judgment noted above was
entered by the appropriate court upon the Loan Documents.

As previously reported by the Troubled Company Reporter, the Debtor
intends to continue to operate its real estate business and
development business located throughout Pennsylvania. The debtor
intends to list for sale 11 parcels of real property. If any of
these properties are not sold within a 90 day period of time, the
debtor will expose such properties to an auction. The sale proceeds
will be utilized in part, to pay secured debt, administrative
claims, including real estate taxes, and other payments required
under the plan.

A full-text copy of McCormick's Objection is available at:

     http://bankrupt.com/misc/pamb1-17-01334-246.pdf

Attorneys for McCormick 108, LLC:

     Michael D. Nord, Esq. (No. 52486)
     Shaan S. Chima, Esq. (No. 312429)
     GEBHARDT & SMITH LLP
     One South Street, Suite 2200
     Baltimore, Maryland 21202
     Tel: (410) 385-5109
     Fax: (410) 957-4329
     Email: shaan.chima@gebsmith.com

           About Mann Realty Associates, Inc.

Headquartered in Camp Hill, Pennsylvania, Mann Realty Associates,
Inc., filed for Chapter 11 bankruptcy protection (Bankr. M.D. Pa.
Case No. 17-01334) on March 31, 2017, estimating its assets at
between $10 million and $50 million and its debts at between $1
million and $10 million. The petition was signed by Robert M.
Mumma, II, its president.

Judge Robert N. Opel II presides over the case.

Craig A. Diehl, Esq., at the Law Offices of Craig A. Diehl, serves
as the Debtor's bankruptcy counsel.

Mann Realty previously filed a voluntary petition under Chapter 11
of the Bankruptcy Code (Bankr. M.D. Pa. Case No. 17-00080) on Jan.
10, 2017. The petition was a "pro se" filing, or case filed without
attorney. The Debtor is an affiliate of Kimbob, Inc., which sought
bankruptcy protection on March 1, 2017, Case No. 17-00836.


MANUS SUDDRETH: Trustee Selling Properties of Non-Debtor Entities
-----------------------------------------------------------------
Charles R. Goldstein, the Chapter 11 Trustee for Manus Edward
Suddreth, asks the U.S. Bankruptcy Court for the District of
Maryland to authorize him (i) to use the Debtor's ownership
interests in W.P.I.P., Inc., formerly known as AV&E Industries,
Inc., Patapsco Excavating/Silverlake, Inc. and Patapsco Excavating,
Inc. outside the ordinary course of business; and (ii) to sell one
or more parcels of real property owned by these Companies.

The Debtor is the sole shareholder of each of the Companies.  The
Trustee conducted a search for all real property owned by the
Companies in Anne Arundel, Baltimore, Dorchester, Somerset, Talbot
and Worcester Counties and the City of Baltimore.  As a result of
this search, and based on the information available to the Trustee,
he identified six properties owned by the Companies in Maryland.

In addition, the Trustee obtained a title search with respect to
each of the properties owned by the Companies.  As a result of the
title searches, and based on the information available to the
Trustee, the Trustee identified numerous potential Encumbrances
with respect to the various properties.

Inclusion in the following lists of potential Encumbrances does not
constitute an admission by the Trustee that each item is in fact a
valid lien, claim, encumbrance or other interest on or against some
or all of the Properties.  As set forth, all Encumbrances will
attach to the sale proceeds to the same extent and in the same
priority as they existed prior to any sale, and the Trustee will
hold the net sale proceeds pending further order of the Court.

WPIP owns the following properties in Baltimore City and Baltimore
County, Maryland: (i) 601 West Patapsco Avenue, 13.805 acres, TIN
25-05-7612G-001, Baltimore City; and (ii) Patapsco Avenue, Parcel
0250, 19.2567 acres, TIN 13-19-00006824, Baltimore County.

Upon information and belief, these entities have Encumbrances, or
have asserted Encumbrances, on the WPIP Properties:

     a. Secured Party: Manus Edward Suddreth
        Collateral: Patapsco Avenue, Parcel 0250, Baltimore County
        Description: Deed of Trust recorded June 4, 1998 (Book
12907, Page 289)
        Amount in Deed of Trust: $86,230
        Status: lien not presently disputed

     b. Secured Party: Manus Edward Suddreth
        Collateral: Patapsco Avenue, Parcel 0250, Baltimore County
        Description: Deed of Trust recorded June 4, 1998 (Book
12907, Page 304)
        Amount in Deed of Trust: $115,200
        Status: lien not presently disputed

     c. Secured Party: JACE Note, LLC, assignee of CFS-4 II, LLC,
assignee of
        First National Bank as successor in interest to Baltimore
County Savings Bank
        Collateral: both WPIP Properties
        Description: Indemnity Deed of Trust recorded July 24, 2008
(Baltimore City Book 10875, Page 636; Baltimore County Book 27200,
Page 363)
        Amount in Deed of Trust: $1,250,000
        Additional Description: Notice of Recorded Judgment entered
Aug. 23, 2010 in Baltimore County (Case Number 03-C-10-010029) and
Dec. 6, 2010 in Baltimore City (Case Number 24-C-10-006104)
        Amount of Judgment: $1,435,344
        Status: lien not presently disputed but Trustee is
investigating claims against JACE Note, LLC which may affect its
claims, liens and entitlement to a distribution from the sale
proceeds

     d. Secured Party: CFS-4 II, LLC, assignee of First National
Bank as successor in interest to Baltimore County Savings Bank
        Collateral: both WPIP Properties
        Description: Notice of Recorded Judgment entered Sept. 7,
2010 in Baltimore County (Case Number 03-C-10-010551) and
Nov. 19, 2010 in Baltimore City (Case Number 24-C-10-006207)
        Amount of Judgment: $1,530,671
        Status: lien not presently disputed

     e. Secured Party: B.P.I. Patapsco, LLC
        Collateral: 601 West Patapsco Avenue, Baltimore City
        Description: Deed of Trust recorded Feb. 13, 2013 (Book
14961, Page 171)
        Amount in Deed of Trust: $15,000        
        Status: underlying debt and lien are disputed and Trustee
is investigating claims against B.P.I. Patapsco, LLC which may
affect its claims, liens and entitlement to a distribution from the
sale proceeds

     f. Secured Party: Mark Einstein
        Collateral: 601 West Patapsco Avenue, Baltimore City
        Description: Deed of Trust recorded Feb. 13, 2013 (Book
14961, Page 204)
        Amount in Deed of Trust: $5,000
        Status: underlying debt and lien are disputed and Trustee
is investigating claims against Mr. Einstein which may affect his
claims, liens and entitlement to a distribution from the sale
proceeds

     g. Secured Party: United States of America
        Collateral: 601 West Patapsco Avenue, Baltimore City
        Description: Notice of Federal Tax Lien issued Sept. 29,
2015 (Case Number 24-L-15-010092)
        Amount in Notice: $38,031
        Status: underlying debt and lien are disputed

     h. Interested Parties: Eduardo F. Magalhaes, Arturo Sarli
and/or EFM Realty, LLC
        Nature of Interest: Letter of Intent to Enter Contract
dated Nov. 7, 2016
        Status: enforceability of letter of intent disputed

     i. Lessee: American Lighting
        Property Leased: a portion of the WPIP Properties
        Lease Term: lease expires January 31, 2018; renews every
six months

     j. Lessee: APS Transport
        Property Leased: a portion of the WPIP Properties
        Lease Term: lease expires June 30, 2019

     k. Lessee: B&J Trucking
        Property Leased: a portion of the WPIP Properties
        Lease Term: unknown; renews annually

     l. Lessee: Boxes Boxes
        Property Leased: a portion of the WPIP Properties
        Lease Term: lease expires March 31, 2018

     m. Lessee: DD Tire
        Property Leased: a portion of the WPIP Properties
        Lease Term: lease expires June 30, 2018

     n. Lessee: Home Brand
        Property Leased: a portion of the WPIP Properties
        Lease Term: lease expires May 31, 2018

     o. Lessee: Michael Annen
        Property Leased: a portion of the WPIP Properties
        Lease Term: lease expires November 30, 2018

     p. Lessee: Pascuzzi Construction
        Property Leased: a portion of the WPIP Properties
        Lease Term: lease expires May 31, 2018

     q. Lessee: Road Runner
        Property Leased: a portion of the WPIP Properties
        Lease Term: lease expires June 30, 2018; renews every six
months

     r. Lessee: Salmon Trucking
        Property Leased: a portion of the WPIP Properties
        Lease Term: lease expires May 31, 2018

     s. Lessee: Saravia Trucking
        Property Leased: a portion of the WPIP Properties
        Lease Term: unknown; six-month lease
     
     t. Lessee: Silva Transport
        Property Leased: a portion of the WPIP Properties
        Lease Term: unknown; six-month lease

     u. Various month-to-month leases

The Trustee intends to sell the WPIP Properties subject to the
leases identified.

Excavating owns the following properties in Baltimore City,
Maryland: (i) NS W Patapsco Avenue & River, Lot 8, 3.321 acres, TIN
25-05-7612N-008; (ii) SS W Patapsco Avenue & River, Lot 4A, 0.139
acres, TIN 25-05-7612N-004A; and (iii) SS W Patapsco Avenue &
River, Lot 6, 0.235 acres, TIN 25-05-7612N-006.

Upon information and belief, these entities have Encumbrances, or
have asserted Encumbrances, on the Excavating Properties:

     a. Secured Party: Canary Island Development Co., Inc.
        Collateral: all Excavating Properties
        Description: Mortgage recorded April 26, 1989 (Book 2074,
Page 414)
        Amount in Deed of Trust: $925,000
        Status: lien not presently disputed

     b. Secured Party: United States of America
        Collateral: all Excavating Properties
        Description: Notice of Fed. Tax Lien issued Dec. 27, 2007
(Case No. 24-L-07-008603)
        Amount in Notice: $1,026,440
        Status: underlying debt and lien are disputed

     c. Secured Party: B.P.I. Patapsco, LLC
        Collateral: all Excavating Properties
        Description: Deed of Trust recorded Feb. 13, 2013 (Book
14961, Page 134)
        Amount in Deed of Trust: $200,000
        Status: underlying debt and lien are disputed and Trustee
is investigating claims against B.P.I. Patapsco, LLC which may
affect its claims, liens and entitlement to a distribution from the
sale proceeds Silverlake owns this property in Baltimore City,
Maryland: 2911 Huron Street, 2.926 acres, TIN 25-04-7492B-026.

Upon information and belief, this party has Encumbrances, or has
asserted Encumbrances, on the Silverlake Property:

     Secured Party: C&G Properties, LLC
     Collateral: 2911 Huron Street
     Description: Money Loaned Mortgage recorded May 5, 2010 (Book
12604, Page 341)
     Amount in Deed of Trust: $40,000.00
     Status: lien not presently disputed

The Trustee, in consultation with A&G Realty Partners, LLC, its
real estate consultant and advisor, has concluded that selling the
Properties will generate the highest and best value with respect to
such assets and thus be in the best interest of the Debtor's
creditors and estate.  In his business judgment, the optimal
approach to maximizing the value of the Debtor's estate is to use
the Debtor's ownership interest in the Companies to market and sell
each of the Properties.  He submits that a sale process, with
competitive bidding, affords the best opportunity to maximize value
and is in the best interest of the Debtor's estate, creditors and
other interested parties.

The Trustee will sell the Properties on an "as is and where is"
basis and without warranties or representations of any kind by the
Trustee or his agents concerning the condition of the Properties.
All of the Companies' right, title and interest in, under and to
the Properties will be sold free and clear of all Encumbrances, if
any, with all such Encumbrances attaching to the net proceeds of
the sales received by the Trustee, subject to the Carve-Out, and
any rights and defenses of the Companies, the Debtor and/or the
Trustee thereto and subject to further order(s) of the Court.  The
Trustee reserves the right to sell each Property individually or in
conjunction with one or more other Properties.

Contemporaneously with the Motion, the Trustee is filing a motion
requesting approval of certain bidding procedures.  The hearing to
consider the relief requested through the Motion will be conducted
after the consummation of the Bidding Procedures including, if more
than one "Qualified Bid" is received, an auction to determine the
highest and best bidder.

The Trustee will submit, prior to the Sale Hearing, a revised form
of proposed order which identifies the High Bidder and any High
Back-Up Bidder(s) on each Property as well as the proposed purchase
price.

Pursuant to Local Bankruptcy Rule 6004-1(b), the Trustee highlights
these provisions and material terms related to the proposed sale:

     a. Sale to Insider: The Trustee proposes to sell the
Properties to the High Bidder and High Back-Up Bidder(s) for each
Property as determined in a competitive bidding and sale process.
He's unable to state at this time whether the any proposed
purchaser of the Properties may be an insider.

     b. Private Sale/No Competitive Bidding: The proposed sale
contemplates an open, competitive bidding process and contemplates
an auction if the Trustee receives more than one Qualified Bid.  He
has not entered into any agreements not to solicit competing offers
for the Properties or to otherwise limit shopping of the
Properties.

     c. Closing and Other Deadlines: The proposed sale process
includes the following deadlines: (i) Sale Objection Deadline -
March 13, 2018 at 4:00 p.m. (ET); (ii) Bid Deadline - March 20,
2018 at 2:00 p.m (ET); (iii) Deadline to provide Deposit to Trustee
- March 20, 2018 at 2:00 p.m. (ET); (iv) Deadline to complete due
diligence - March 20, 2018 at 2:00 p.m. (ET); (v) Auction - March
23, 2018 at 10:00 a.m. (ET); (vi) Sale Hearing March 28, 2018 at
10:00 p.m. (ET); and (vii) Closing - As soon as practicable after
the Sale Hearing.

     d. Deposit: The proposed Bidding Procedures require Qualified
Bidders to provide a 10% deposit to participate in the Auction.

     e. Use of Proceeds: Pursuant to the order approving the
Trustee's retention of A&G, from the proceeds of sales of the
Properties, the Trustee will pay A&G a fixed fee equal to 3% of the
gross proceeds of sale for each Property plus reasonable
out-of-pocket expenses.  The remaining proceeds will be subject to
the Carve-Out and remain in the Debtor's estate pending further
order of the Court.

     f. Carve-Out: As set forth in more detail in the Bidding
Procedures Motion, by consent of secured parties with a lien on all
or part of the Properties and/or pursuant to section 506(c) of the
Bankruptcy Code, the Trustee asks that the proceeds generated from
the sales of the Properties be subject to a carve-out in favor of
the Debtor's estate as follows: The Carve-Out for each Property
will be in the amount of the fixed fee and expenses payable to A&G
pursuant to the order authorizing the Trustee to engage A&G, plus
20% of the gross sale price for the Property.  However, if all of
the WPIP Properties and the Excavating Properties are sold
collectively to one Purchaser, then the Carve-Out with respect to
those Properties only will be in the amount of the fixed fee and
expenses payable to A&G pursuant to the A&G Order, plus (i) 15% of
the gross sale price if the price is $2,499,999 or lower, or (ii)
20% of the gross sale price if the price is $2,500,000 or higher.

     g. Sale Free and Clear of Unexpired Leases: The Trustee asks
to sell the Properties free and clear of all Encumbrances,
including any and all possessory leasehold interests, licenses and
other rights.

     h. Credit Bid: The Trustee does not ask to impair, restrict or
limit the rights of holders of secured claims to credit bid the
full amount of their respective claims.

     i. Relief from Bankruptcy Rule 6004(h): The Trustee asks
relief from the 14-day stay imposed by Bankruptcy Rule 6004(h) and
requests that the order granting this Motion be immediately
enforceable.

The Trustee's proposed sale of the Properties serves a sound
business purpose.  The sale will preserve and maximize the value of
the Properties for the benefit of creditors and
parties-in-interest.  A sale of the Properties is the best option
to maximize value and is proposed by the Trustee in good faith.
The Trustee proposes the sale as the only viable approach currently
available to this estate after concluding that the sale is
supported by a number of sound business reasons.  Accordingly, he
asks the Court to approve the relief sought.

                  About Manus Edward Suddreth

Manus Edward Suddreth, the sole shareholder of W.P.I.P., Inc.,
filed for Chapter 11 bankruptcy protection (Bankr. D. Md. Case No.
13-12978) on Feb. 21, 2013.

On Dec. 28, 2016, the Court appointed Joseph J. Bellinger, Jr., as
Chapter 11 Trustee.  On July 21, 2017, the Court appointed Charles
R. Goldstein as Chapter 11 Trustee.

On Nov. 6, 2017, the Court entered an order authorizing the
Trustee's retention of A&G Realty Partners, LLC, as real estate
consultant and advisor.


MAOZ 8TH AVENUE: Taps Sichenzia Ross as Legal Counsel
-----------------------------------------------------
Maoz 8th Avenue LLC seeks approval from the U.S. Bankruptcy Court
for the Southern District of New York to hire Sichenzia Ross
Ference Kesner LLP as its legal counsel.

The firm will advise the Debtor regarding its duties under the
Bankruptcy Code; assist in any investigation of its assets,
liabilities and financial condition; assist in the preparation of a
bankruptcy plan; and provide other legal services related to its
Chapter 11 case.

The firm's hourly rates are:

     Associates           $325 - $500
     Partners/Counsel     $500 - $650
     Paralegals              $150

Ralph Preite, Esq., the attorney who will be handling the case,
charges an hourly fee of $575.

Sichenzia Ross received $10,500, plus $1,717 for the filing fee.
Of this amount, $3,500 was used to pay the firm's pre-bankruptcy
services, leaving the sum of $7,000 as bankruptcy retainer.

Mr. Preite 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:

     Ralph E. Preite, Esq.
     Sichenzia Ross Ference Kesner LLP
     1185 Avenue of Americas, 37th Floor
     New York, NY 10036
     Phone: (212) 930-9700 x 621
     Email: rpreite@srfkllp.com

                      About Maoz 8th Avenue

Maoz 8th Avenue LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D.N.Y. Case No. 17-13327) on Nov. 27,
2017.  Jimmy Shabtay, general manager, signed the petition.  At the
time of the filing, the Debtor estimated assets and liabilities of
less than $500,000.  Judge Sean H. Lane presides over the case.
Sichenzia Ross Ference Kesner LLP serves as counsel to the Debtor.



MARINA BIOTECH: Signs Development & Licensing Deal with Autotelic
-----------------------------------------------------------------
Marina Biotech, Inc., has entered into a binding agreement with
Autotelic Bio Inc. ("ATB"), to enter into a license of Marina's
IT-103 clinical program, for exclusive development and marketing
outside of the United States and Canada.

Under the agreement, Autotelic Bio, a Korean based biotechnology
company, will obtain a perpetual license to have the right and
responsibility to begin clinical development of IT-103 for
marketing approval in South Korea and territories outside of United
States and Canada.  Through the agreement, Marina will be entitled
to the clinical trial data and any enhancements and inventions
developed by Autotelic Bio during this process, as well as
royalties on sales.  Under this agreement, Marina retains all
rights and territories to IT-103 as non-addictive opioid
replacement for extreme pain as well as treatment for familial
adenomatous polyposis.

"We are pleased to execute the agreement for drug development and
licensing with Autotelic Bio for IT-103.  This will free up
internal resources at Marina while gaining access to regulatory
dossier for obtaining marketing approval of IT-103 in the US and
Canada," said Dr. Vuong Trieu, executive chairman of Marina.  "The
terms of our agreement are a non-dilutive solution for shareholders
and accelerate our development timeline."

The agreement provides that, following the date on which the
license is granted: (A) if ATB should sub-license the Product, ATB
and the Company would share all proceeds of such sub-license
equally; and (B) if ATB markets the Product on its own, ATB would
provide the Company with a royalty equal to a percentage of net
profits in the mid-single digits.  The agreement also provides that
ATB will make a payment to the Company in the amount of $100,000
upon the successful completion of the Fundraising, and a payment to
the Company in the amount of $300,000 following the date on which
the Company has provided certain specified technology and
assistance regarding the manufacturing and production of the
Product.  The Company will be entitled to the clinical trial data
and any enhancements and inventions developed by ATB during this
process.

Autotelic LLC, an entity that owns approximately 22% of the issued
and outstanding shares of the common stock of the Company and of
which Dr. Trieu, the Company's executive chairman, serves as chief
executive officer, owns approximately 19% of the issued and
outstanding shares of the common stock of ATB.

                 The IT-103 Clinical Program

IT-103 is a fixed dose combination of celecoxib, a COX-2 selective
nonsteroidal anti-inflammatory drug, and Olmesartan, an
antihypertension drug.  The Company believes that by combining a
COX-2 inhibitor with an antihypertensive in a single fixed dose
combination oral tablet, IT-103 will offer an improved safety
profile as compared to currently available and previously marketed
COX-2 inhibitors as well as address patients with arthritis who are
concurrently taking antihypertension drugs.  IT-103 will initially
be developed for treatment of combined arthritis and hypertension
followed with indication expansion to extreme pain as non-addictive
opioid replacement as well as FAP.

                     About Autotelic Bio

Autotelic Bio is a privately held research and development company
focusing on pharmacological synergy, Synergy Action Mechanism
(SAM), to develop new drugs and improved drugs.  Autotelic Bio is
developing ATB-301 as immunotherapeutic drug and ATB-101 as Fixed
Dose Combination for treatment of diabetic and hypertension.  In
particular, Autotelic Bio has recently confirmed the effectiveness
of the ATB-301 immunotherapy anti-cancer drug through joint
research with a pharmaceutical partner in Korea.

                     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.


MAYFIELD AGENCY: Moody's Assigns B3 CFR; Outlook Stable
-------------------------------------------------------
Moody's Investors Service has assigned a B3 corporate family rating
and B3-PD probability of default rating to Mayfield Agency Borrower
Inc. (together with its affiliates, FeeCo). Moody's has also
assigned ratings to FeeCo's senior secured credit facilities: B2 to
the first-lien revolver and term loan and Caa2 to the second-lien
term loan. Proceeds from the term loans, along with an equity
contribution from private equity sponsor Madison Dearborn Partners,
will fund the purchase of a 51% equity interest in the US fee
businesses owned by AmTrust Financial Services, Inc. (AmTrust).
AmTrust will retain a 49% equity interest in FeeCo. The transaction
is valued at approximately $1.1 billion and is expected to close in
the first quarter of 2018, subject to customary closing conditions
and regulatory approvals. The rating outlook for FeeCo is stable.

RATINGS RATIONALE

Moody's said FeeCo's ratings reflect its growing market presence in
US warranty products, particularly vehicle service contracts, which
are sold through multiple distribution channels. FeeCo also owns
managing general agency operations that target small businesses and
distribute a wide array of property and casualty products through
regional insurance agents and service providers. The company also
offers third-party administrative services to self-insured
nonprofit organizations and government entities. FeeCo has
generated good EBITDA margins and strong cash flows historically as
part of AmTrust. Although the company designs the coverage and
service contracts and provides claims administration, FeeCo does
not bear underwriting risk.

These strengths are offset by the substantial debt burden that the
newly carved out organization will assume along with the cash
requirements of the reorganization plan. Other credit challenges
include the company's limited size and the high concentration of
its insurance placements with minority owner AmTrust. While FeeCo
has a well thought-out plan to carve out the diversified fee
businesses from AmTrust, the plan has inherent execution risk as
the management team moves to centralize key functions of about a
dozen units that have historically operated fairly autonomously.
The reorganization efforts could cause disruptions in revenue
growth and/or operating performance of various business units.

FeeCo's pro forma debt-to-EBITDA ratio will be around 7.5x, with
(EBITDA - capex) coverage of interest between 1.5x and 2x and a
free-cash-flow-to-debt ratio in the low-to-mid-single digits, per
Moody's estimates. These pro forma metrics include Moody's
adjustments for operating leases, contingent earnout obligations,
run-rate EBITDA from completed acquisitions, and certain
non-recurring costs and other items.

The following factors could lead to an upgrade of FeeCo's ratings:
(1) pro forma debt-to-EBITDA ratio declining below 5.5x, (2) pro
forma (EBITDA - capex) coverage of interest exceeding 2x, (3)
free-cash-flow-to-debt ratio exceeding 5%, (4) successful
reorganization with demonstrated cost savings and synergies, (5)
demonstrated ability to grow revenue and expand margins, (6)
ability to place business with a range of carriers and reduce
reliance on AmTrust.

The following factors could lead to a downgrade of FeeCo's ratings:
(1) pro forma debt-to-EBITDA ratio above 7.5x, (2) pro forma
(EBITDA - capex) coverage of interest below 1.2x, (3)
free-cash-flow-to-debt ratio below 2%, (4) material deviation from
FeeCo's reorganization and growth plan, (5) inability to place
business with a range of carriers.

Moody's has assigned the following ratings (and loss given default
(LGD) assessments) to Mayfield Agency Borrower Inc.:

Corporate family rating B3;

Probability of default rating B3-PD;

$110.0 million five-year first-lien revolving credit facility B2
(LGD3);

$517.5 million seven-year first-lien term loan B2 (LGD3);

$210.0 million eight-year second-lien term loan Caa2 (LGD5).

The rating outlook for the issuer is stable.

Mayfield WarrantyCo Borrower Inc. will be a co-borrower under the
credit facilities.

The principal methodology used in these ratings was Insurance
Brokers and Service Companies published in September 2017.

Based in New York City, FeeCo is a third-party administrator and
managing general agent doing business with large manufacturers and
retailers, small and mid-sized companies, and non-profit and
government entities throughout the US. The company generated
revenue of $578 million for the first nine months of 2017.


MAYFIELD HOLDINGS: S&P Assigns 'B-' ICR, Outlook Stable
-------------------------------------------------------
S&P Global Rating Services said it assigned its 'B-' long-term
issuer credit rating to insurance broker Mayfield Holdings LLC.
(FeeCo) and its two financing subsidiaries Mayfield WarrantyCo
Borrower Inc. and Mayfield Agency Borrower Inc. The outlook is
stable.

S&P said, "At the same time, we assigned FeeCo's proposed $627.5
million first-lien credit facility ($110 million revolver due 2023
and $517.5 million term loan due 2025) our debt rating of 'B-' with
a recovery rating of '3'. We also assigned the proposed $210
million second-lien term loan due in 2026 our debt rating of 'CCC'
with a recovery rating of '6'."

The rating reflects FeeCo's weak business risk profile (BRP) and
highly leveraged financial risk profile (FRP).  FeeCo is a U.S.
insurance services firm focused on auto, consumer, and commercial
warranty business (58% of revenues) with managing general agent
(MGA; 33% of revenues) and third-party administrator (TPA; 9% of
revenue) businesses focused on casualty lines of business typically
limited to the risks AmTrust was willing to retain. Under the
AmTrust umbrella, FeeCo began writing business in 1979, with most
of the growth occurring in the past few years through acquisitions.
On November 6, 2017, Madison Dearborn Partners announced they
agreed to acquire 51% of the business from AmTrust, creating an
equity carve out of this business, with AmTrust retaining the
remaining 49% ownership. FeeCo intends to use the proceeds from the
issuance to pay a capital distribution to AmTrust, finance costs
associated with the equity-carve out, related transaction costs,
and cash to the balance sheet.

FeeCo's weak BRP reflects its  relatively limited scale, short
track record as a stand-alone entity, and significant carrier
concentration.  These risks are partially offset by its well
planned carve out strategy, diversified client and product mix, and
established profile in the warranty sector including multiyear
contracts with major original equipment manufacturers and
technology companies such as GM, Mazda, and Microsoft.

FeeCo's three diverse segments have had relatively steady
historical performance despite being exposed to macro-economic
conditions, specifically unemployment.  On the warranty side, the
client relationships tend to be sticky due to the system
integration needed to ensure a seamless user interface with the
warranty purchaser and the presence of multi-year product
offerings. Offsetting the strength of these relationships is the
fact that contracts with several of the large warranty clients have
only gone through one renewal period. Additionally, margins tend to
be lower given the competitive pricing needed to win these
contracts. MGA performance has remained profitable for the carrier
and has avoided reserve issues that plagued AmTrust Financial in
2016 & 2017. Additionally, the compensation structure for the MGA
is predominately standard commission, which allows for lower
volatility for the revenue of this business. The TPA business,
which allows for FeeCo to provide risk service consulting to
entities and captives, has provided strong margins typically in
excess of 50%. The focus of this unit remains in the administrative
services segment for nonprofit organizations. Typically, this
segment has provided the strongest carrier diversification for
FeeCo.

Historically, FeeCo has experienced high expenses because of the
decentralized operations under AmTrust and overlap of many of the
back office operations. S&P said, "We believe FeeCo will be able to
gain greater efficiency given operational initiatives, increasing
prices gradually, and offering more products, boosting margins to
improve over the life of the contract.  We expect FeeCo to continue
looking for bolt on acquisitions to boost its presence mainly in
the warranty business and expand its product offerings as they look
to diversify carrier concentration. We view the concentrated
carrier base similar to a captive agency and we believe it limits
their competitive profile, especially in times of stress for
AmTrust."

S&P said, "Our assessment of FeeCo's FRP is highly levered,
reflecting its private-equity ownership by Madison Dearborn
Partners, the significant amount of debt in its capital structure,
and its limited financial flexibility. Following the debt issuance,
our adjusted debt to EBITDA (including operating leases and
contingent earn-outs) was about 7.3x as of the 12 months ended
Sept. 30, 2017, pro forma for the new debt issuance and including
annualized acquisition earnings made in the past year (plus those
under letters of intent). Given FeeCo's private-equity ownership,
we believe management will continue to favor using free cash flow
to fund its growth via acquisitions rather than substantial
deleveraging."

S&P's base case assumes the following in 2017 & 2018:

-- Reported revenue growth of 7-10% in 2017 and 2018, mainly
through bolt-on acquisitions and low to mid-single-digit organic
growth;

-- Cash outflow from acquisition purchases and earn-out payments
of $30-40 million;

-- EBITDA to net revenue margins improving to a range of 24% - 26%
for the next two years

Based on these assumptions, we arrive at the following credit
measures:

-- Pro forma leverage in the 7.0x-7.5x range over the next two
years;

-- FFO to Debt (%) in the 5%-10% range EBITDA interest coverage of
at least 2.0x

S&P said, "The combination of a weak BRP and highly levered FRP
results in a split cell of b/b-. For highly levered companies, we
typically chose the split cell based cash flow/leverage ratios.
Given the ratios for FeeCo, they compare favorably with peers in
that space we assign the higher anchor of 'B'. But due to its
significant carrier concentration relative to peers, we use a
comparative rating analysis adjustment downward by one notch. At
this time, we do not believe the announced acquisition to take the
57% public float of AmTrust private by Stone Point Capital and the
Karfunkel/Zyskind family negatively impacts the creditworthiness of
FeeCo. Additionally, we believe there will not be any changes to
strategic initiatives by AmTrust, but we will look to get a better
idea once the special committee reviews the deal and the
transaction gets nearer to closing.

"We assess FeeCo's liquidity as adequate based on our expectation
that sources will exceed uses of cash by at least 1.2x over the
next 12 months and for this to be sustained even with a 15% decline
in EBITDA. FeeCo has a springing consolidated first-lien net
leverage covenant of 35%. The company has no significant debt
maturities. Also supporting our assessment is FeeCo's satisfactory
standing in the credit markets, sound relationships with banks, and
its likeliness to absorb a high impact low probability event with
limited need for refinancing given its limiting working capital and
capital expenditures needs (less than 1% of revenues annually)."

Principal liquidity sources include:

-- $110 million of revolver availability; and

-- Funds from operations of $60 million-$70 million annually.

Principal liquidity uses include:

-- Required mandatory schedule amortization of debt and seller
financing through excess cash flows;

-- Required cash funding for contracted acquisitions and earn-out
payments of $50 million-$60 million;

-- Discretionary acquisition spending of $30 million-$50 million a
year; and

-- Capital expenditures of $2 million-$5 million annually.

S&P said, "The stable outlook reflects our expectation that FeeCo
has generated enough cash flow to support its acquisitive strategy
and maintain pro forma EBITDA leverage near 7.5x or slightly lower
at year-end 2017. We expect low- to mid-single-digit top-line
organic growth and acquisitions of $30 million-$50 million per
year. The outlook also reflects our expectation that FeeCo will
benefit from improved operational efficiencies, successful
execution of integration plans after the equity-carve out, no loss
of significant accounts, and successful acquisition of operations
with margins improving overall margins above 25%.

"We could lower our ratings in the next 12 months if organic growth
or cash flow meaningfully deteriorate, putting pressure on
strategies and raising the risk of an unfavorable combination of
higher-than-expected financial leverage and weaker-than-expected
EBITDA coverage, with financial leverage above 8.5x, EBITDA
coverage below 1.5x, and liquidity below the adequate level. Any
stress on AmTrust that interferes with FeeCo's ability to win new
business or retain current business could also lead us to lower the
ratings.

"Although unlikely in the next 12 months, we could raise the
ratings if cash-flow generation were to improve financial leverage
(less than 6.0x) and EBITDA coverage (4.0x-5.0x) to reflect a
more-conservative level that we would expect FeeCo to sustain, or
if there is a significant diversification among the carriers,
specfically reducing reliance on AmTrust."


MEDAPOINT INC: Marketing Process Delays Filing of Chapter 11 Plan
-----------------------------------------------------------------
Medapoint, Inc., requests the U.S. Bankruptcy Court for the Western
District of Texas to extend the exclusive period for filing and
soliciting acceptances a plan of reorganization until March 29,
2018.

Medapoint is a small business debtor and its exclusive period for
filing a plan terminates on Jan. 13, 2018.  There were no previous
extensions of the exclusive periods has been requested.

Medapoint asserts that it is in the midst of an asset sale/stock
sale marketing process managed by its Court-approved investment
banker Match Point Partners. Medapoint notes that at least three
entities have indicated an interest in submitting offers for its
assets or stock within the next 30 days.  Medapoint anticipates
that at least one of these offers, if accepted by Medapoint and
approved by the Court, will resolve all claims against Medapoint
and provide a return to equity holders.

Accordingly, Medapoint needs to continue the marketing process for
an additional time so that the Debtor can consummate a sale
transaction with the purchaser which makes the highest and best
offer to the Debtor.

Medapoint asserts that allowing exclusivity to lapse exposes the
estate and its creditors to the possibility that "first filed" plan
will divert attention from Medapoint's goal of achieving the
maximum return for creditors and equity holders.


                        About Medapoint Inc.

Founded in 2009 and based in Austin, Texas, Medapoint, Inc.,
provides software solutions.  The applications support more than
1,500 private and municipal providers of emergency medical services
(EMS) throughout the United States, including one of the nation's
leading private ambulance services, which provides more than 1.5
million transports annually.

Medapoint, Inc., sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D. Tex. Case No. 17-10876) on July 17,
2017.  Eric J. Becker, its president, CEO and director, signed the
petition.

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

Judge Tony M. Davis presides over the case.

The Debtor tapped Spector & Johnson PLLC as legal counsel; K&L
Gates as special counsel; and Match Point Partners LLC as
investment banker.


MONAKER GROUP: Delays Nov. 30 Form 10-Q
---------------------------------------
Monaker Group, Inc., has filed a Form 12b-25 with the Securities
and Exchange Commission notifying the delay in the filing of its
quarterly report on Form 10-Q for the period ended Nov. 30, 2017.

The Company said it has experienced delays in completing its
Quarterly Report within the prescribed time period, due to delays
experienced in completing the Company's financial statements for
the quarter ended Nov. 30, 2017, as a result of having to disclose
certain transactions relating to its planned uplisting to the
NASDAQ Capital Market (which remains subject to NASDAQ approval)
and the preparation of certain pro forma financial information in
connection therewith.

Monaker anticipates that it will file its complete quarterly report
on Form 10-Q for the quarter ended Nov. 30, 2017 on or before the
fifth day following the prescribed due date.

                         About Monaker

Headquartered in Weston, Florida, Monaker Group, Inc., formerly
known as Next 1 Interactive, Inc. -- http://www.monakergroup.com/
-- operates online marketplaces for the alternative lodging rental
industry and facilitate access to alternative lodging rentals to
other distributors.  Alternative lodging rentals (ALRs) are whole
unit vacation homes or timeshare resort units that are fully
furnished, privately owned residential properties, including homes,
condominiums, apartments, villas and cabins that property owners
and managers rent to the public on a nightly, weekly or monthly
basis.  The Company's marketplace, NextTrip.com, unites travelers
seeking ALRs online with property owners and managers of vacation
rental properties located in countries around the world.  As an
added feature to the Company's ALR offering, the Company also
provides access to airline, car rental, hotel and activities
products along with concierge tours and activities, at the
destinations, that are catered to the traveler through its
Maupintour products.

LBB & Associates Ltd. LLP, in Houston, Texas, stated in its report
on the Company's consolidated financial statements for the year
ended Feb. 28, 2017, that the Company's accumulated deficit and
limited financial resources raise substantial doubt about the
Company's ability to continue as a going concern.

Monaker reported a net loss of $7.10 million for the year ended
Feb. 28, 2017, compared to a net loss of $4.55 million  for the
year ended Feb. 29, 2016.  As of Aug. 31, 2017, Monaker had $6.50
million in total assets, $4.49 million in total liabilities and
$2.01 million in total stockholders' equity.


MONAKER GROUP: Raises Capital for Proposed Nasdaq Uplisting
-----------------------------------------------------------
Monaker Group, Inc., has taken steps to raise additional capital to
meet key requirements that the Company believes will enable its
common stock to qualify for uplisting onto the NASDAQ Capital
Market.  The capital was raised through the exercise of warrants by
directors and a major shareholder.  Upon completion of the
uplisting, which is still in process, and still subject to NASDAQ
approval and confirmation, the liquidated damage provisions of the
Purchase Agreement will terminate.

On Jan. 10, 2018, the Company entered into a First Amendment to
Warrant with Pacific Grove Capital LP, one of the purchasers of
shares and warrants pursuant to the terms of that certain Common
Stock and Warrant Purchase Agreement entered into between the
Company and the purchasers named therein dated July 31, 2017.

Pursuant to the First Amendment to Warrant, the Company and Pacific
agreed to reduce the exercise price of the warrants to purchase
875,000 shares of common stock which Pacific acquired pursuant to
the Purchase Agreement, from $2.10 per share to $1.05 per share, in
consideration for Pacific immediately exercising such warrants for
cash.  This warrant exercise, along with the other warrants
exercised, provided additional funds and increased stockholders'
equity required to qualify for consideration to have the Company's
common stock uplisted onto the NASDAQ Capital Market.  Upon
uplisting to NASDAQ, the liquidated damage provisions of the
Purchase Agreement, relating to the failure of the Company to
uplist prior to the Required Uplisting Date will cease.

Additionally, the Purchase Agreement includes certain liquidated
damage provisions which require the Company to grant to the
Purchasers, as partial liquidated damages for any delay in
obtaining an uplisting to the NASDAQ which uplisting was required
to have occurred, pursuant to the Purchase Agreement, on or before
Dec. 9, 2017, additional warrants (on substantially similar terms
as the warrants granted pursuant to the Purchase Agreement) equal
to each Purchaser's pro rata share of 1% of the warrants sold
pursuant to the Purchase Agreement, for each day that the Company
fails to uplist its common stock to NASDAQ after the Required
Uplisting Date.  A total of up to 100% of the warrants sold
pursuant to the Purchase Agreement may be issued to the Purchasers
as Liquidated Damages.

Consequently, Pacific was due additional warrants to purchase
271,250 shares of the Company's common stock in connection with the
Liquidated Damages, as of the parties entry into the First
Amendment to Warrant, which warrants Pacific also agreed to
immediately exercise for cash at a reduced exercise of $1.05 per
share (compared to the original exercise price of such warrants,
$2.10 per share), pursuant to the First Amendment to Warrant.

Total consideration received from the exercise of the warrants by
Pacific pursuant to the First Amendment to Warrant was $1,203,563.

As a result of the reduction in the exercise price of the Pacific
warrants which was agreed to pursuant to the First Amendment to
Warrant, the anti-dilution provisions of the Purchase Agreement and
the Purchaser warrants was triggered.  Specifically, because the
Company issued shares of common stock below (a) the $2.00 price per
share of the securities sold pursuant to the Purchase Agreement,
the Purchasers are due an additional 36,142 shares of the Company's
common stock; and (b) the $2.10 exercise price of the warrants sold
pursuant to the Purchase Agreement (and the warrants granted to the
placement agent), the exercise price of such warrants automatically
decreased to $2.05 per share.

In aggregate between the Pacific warrant exercises and the insider
warrant exercises, the Company raised $1,664,013 in proceeds, which
funds (less expenses and applicable fees) the Company required to
meet the minimum stockholders' equity required to uplist its common
stock onto the NASDAQ, which uplisting the Company hopes to
accomplish, subject to approval for such uplisting by the NASDAQ,
by the end of January 2018.

The following Purchasers exercised the following warrants sold
pursuant to the Purchase Agreement at an exercise price of $2.10
per share: the Donald P. Monaco Insurance Trust, of which Donald
Monaco is the trustee and a member of the Board of Directors of the
Company, exercised warrants to purchase 62,000 shares of common
stock for the aggregate exercise price of $130,200 and William
Kerby, the chief executive officer and chairman of the Company,
exercised warrants to purchase 5,000 shares of common stock for the
aggregate exercise price of $10,500.  In connection with those
exercises, the Company will issue an aggregate of 67,000 shares of
common stock to the parties above.

Also, the Monaco Investment Partners II, LP of which Donald Monaco
is the managing general partner and a member of the Board of
Directors of the Company, exercised warrants to purchase 47,500
shares of common stock for the aggregate exercise price of $95,000,
and Charcoal Investment Ltd., which entity is owned by Simon
Orange, a member of the Board of Directors of the Company,
exercised warrants to purchase 100,000 shares of common stock for
the aggregate exercise price of $200,000, which warrants were
granted separate from the warrants granted pursuant to the Purchase
Agreement.  The Company plans to issue the 47,500 shares due to the
trust and the 100,000 shares due to Charcoal, shortly after the
date of this filing.

Additionally, in connection with the Company's entry into the First
Amendment to Warrant, Pacific exercised warrants to purchase an
aggregate of 1,146,250 shares of the Company's common stock for
aggregate consideration of $1,203,563 and was issued 1,146,250
shares of the Company's common stock.

Pursuant to the Liquidated Damages provision of the Purchase
Agreement, and including the warrants granted to Pacific in
consideration for the Liquidated Damages, the Company, through Jan.
10, 2018, has granted warrants to purchase an additional 498,831
shares of common stock to the Purchasers and the placement agent in
the offering, which also has the right to receive additional
warrants as if it was a Purchaser under the Purchase Agreement.

Due to the reduction in the exercise price of the Pacific warrants
which was agreed to pursuant to the First Amendment to Warrant, the
anti-dilution provisions of the Purchase Agreement was triggered.
Specifically, because the Company issued shares of common stock
below the $2.00 price per share of the securities sold pursuant to
the Purchase Agreement, the Purchasers are due an additional 36,142
shares of the Company's common stock.

                       About Monaker

Headquartered in Weston, Florida, Monaker Group, Inc., formerly
known as Next 1 Interactive, Inc. -- http://www.monakergroup.com/
-- operates online marketplaces for the alternative lodging rental
industry and facilitate access to alternative lodging rentals to
other distributors.  Alternative lodging rentals (ALRs) are whole
unit vacation homes or timeshare resort units that are fully
furnished, privately owned residential properties, including homes,
condominiums, apartments, villas and cabins that property owners
and managers rent to the public on a nightly, weekly or monthly
basis.  The Company's marketplace, NextTrip.com, unites travelers
seeking ALRs online with property owners and managers of vacation
rental properties located in countries around the world.  As an
added feature to the Company's ALR offering, the Company also
provides access to airline, car rental, hotel and activities
products along with concierge tours and activities, at the
destinations, that are catered to the traveler through its
Maupintour products.

LBB & Associates Ltd. LLP, in Houston, Texas, stated in its report
on the Company's consolidated financial statements for the year
ended Feb. 28, 2017, that the Company's accumulated deficit and
limited financial resources raise substantial doubt about the
Company's ability to continue as a going concern.

Monaker reported a net loss of $7.10 million for the year ended
Feb. 28, 2017, compared to a net loss of $4.55 million  for the
year ended Feb. 29, 2016.  As of Aug. 31, 2017, Monaker had $6.50
million in total assets, $4.49 million in total liabilities and
$2.01 million in total stockholders' equity.


MOORINGS REGENCY: Wells Fargo Plan Outline Conditionally OK'd
-------------------------------------------------------------
Judge Catherine Peek McEwen of the U.S. Bankruptcy Court for the
Middle District of Florida issued an order conditionally approving
the disclosure statement filed by Wells Fargo Bank, N.A., as
Trustee for Morgan Stanley Capital I Inc., Commercial Mortgage
Pass−Through Certificates, Series 2006−IQ12, for Moorings
Regency, LLC and NJO Regency, LLC.

Any written objections to the Disclosure Statement must be filed
with the Court and served no later than seven days prior to the
date of the hearing on confirmation.

The Court will conduct a hearing on confirmation of the Plan on
Feb. 15, 2018 at 1:30 p.m. in Tampa, FL - Courtroom 8B, Sam M.
Gibbons United States Courthouse, 801 N. Florida Avenue.

Parties in interest must submit their written ballot accepting or
rejecting the Plan no later than eight days before the date of the
Confirmation Hearing.

Objections to confirmation must be filed with the Court and served
no later than seven days before the date of the Confirmation
Hearing.

                     About Moorings Regency

Moorings Regency, LLC, Griffin Regency, LLC, and NJO Regency, LLC,
are single asset real estate debtors that continue to operate as
debtors-in-possession.

The Debtors filed Chapter 11 petitions (Bankr. M.D. Fla. Case Nos.
17-04920, 17-04921 and 17-04922, respectively) on June 6, 2017.
Barry Spencer, managing member of Moorings Regency, signed the
petitions.  The cases are jointly administered.

At the time of the filing, both Moorings Regency and Griffin
Regency estimated their assets and liabilities at $10 million to
$50 million.

Johnson, Pope, Bokor, Ruppel & Burns, LLP, is the Debtors' legal
counsel.


NET ELEMENT: Amends Prospectus on 1.1 Million Stock Resale
----------------------------------------------------------
Net Element, Inc., filed with the Securities and Exchange
Commission an amended Form S-3 registration statement relating to
the sale of up to 1,079,136 shares of common stock of the Company
by Esousa Holdings LLC, a New York limited liability company.

Those shares include (i) 350,553 shares of common stock of the
Company issued on Dec. 29, 2017, (ii) 404,676 shares of common
stock of the Company issuable upon the valid exercise of five-year
warrants at an exercise price of $11.12 per share, and (iii)
323,907 shares of common stock of the Company issuable on the valid
exercise of five-year pre-paid warrants at an exercise price of
$0.01 per share.

The Company will not receive proceeds from the sale of the Shares
by the selling stockholder.  However, the Company may receive
proceeds from the exercise of the five-year warrants at an exercise
price of $11.12 per share and the five-year pre-paid warrants at an
exercise price of $0.01 per share held by the selling stockholder
when exercised, which, if exercised in cash at the current
applicable exercise price with respect to all of the Warrants,
would result in gross proceeds to the Company of $4,503,236.  The
Company will pay the expenses of registering the Shares, but all
selling and other expenses incurred by the selling stockholder will
be paid by the selling stockholder.

Net Element's common stock is listed on the Nasdaq Capital Market
under the ticker symbol "NETE."  On Jan. 12, 2018, the last
reported sale price per share of the Company's common stock was
$11.39 per share.  

A full-text copy of the amended prospectus is available at:

                     https://is.gd/WMA6fy

                      About Net Element

North Miami, Florida-based Net Element, Inc. (NASDAQ:NETE) --
http://www.netelement.com/-- operates a payments-as-a-service
transactional and value-added services platform for small to medium
enterprise in the US and selected emerging markets.  In the U.S. it
aims to grow transactional revenue by innovating SME productivity
services such as its cloud based, restaurant and retail
point-of-sale solution Aptito.  Internationally, Net Element's
strategy is to leverage its omni-channel platform to deliver
flexible offerings to emerging markets with diverse banking,
regulatory and demographic conditions such as UAE, Kazakhstan,
Kyrgyzstan and Azerbaijan where initiatives have been recently
launched.  Net Element was named in 2016 by South Florida Business
Journal as one of the fastest growing technology companies.

Net Element reported a net loss of $13.61 million on $54.28 million
of total revenues for the 12 months ended Dec. 31, 2016, compared
to a net loss of $13.32 million on $40.23 million of total revenues
for the 12 months ended Dec. 31, 2015.  As of Sept. 30, 2017, Net
Element had $20.43 million in total assets, $18.45 million in total
liabilities and $1.98 million in total stockholders' equity.

Daszkal Bolton LLP's report on the Company's consolidated financial
statements for the year ended Dec. 31, 2016, contains an
explanatory paragraph expressing substantial doubt as to the
Company's ability to continue as a going concern.  The independent
auditors stated that the Company's recurring losses from operations
and working capital and accumulated deficits raise substantial
doubt about its ability to continue as a going concern.


NET ELEMENT: Rakishev Hikes Stake to 7.9% as of Jan. 16
-------------------------------------------------------
In a Schedule 13D/A filed with the Securities and Exchange
Commission, Kenges Rakishev disclosed that as of Jan. 16, 2018, he
beneficially owns 314,957 shares of common stock of Net Element,
Inc., constituting 7.9 percent of the shares outstanding.

On Dec. 31, 2017, 688 shares of Common Stock were awarded to Mr.
Rakishev by the Issuer for service as an outside member of the
Board of Directors of the Issuer.  No consideration was paid by Mr.
Rakishev for the 688 shares of Common Stock acquired by Mr.
Rakishev.

"Mr. Rakishev expects to evaluate on an ongoing basis the Issuer's
financial condition and prospects and his interest in, and
intentions with respect to, the Issuer and his investment in the
securities of the Issuer, which review may be based on various
factors, including, without limitation, the Issuer's business and
financial condition, results of operations and prospects, general
economic and industry conditions, the price and availability of
shares of the Issuer's capital stock, the conditions of the
securities markets in general and those for the Issuer's securities
in particular, as well as other developments and other investment
opportunities.  Accordingly, Mr. Rakishev reserves the right to
change his intentions, as he deems appropriate.  In particular, Mr.
Rakishev may at any time and from time to time, in the open market,
in privately negotiated transactions or otherwise, increase his
investment in securities of the Issuer or dispose of all or a
portion of the securities of the Issuer that Mr. Rakishev now owns
or may hereafter acquire.  In addition, Mr. Rakishev may engage in
discussions with management and members of the Board of Directors
of the Issuer regarding the Issuer, including, but not limited to,
the Issuer's business and financial condition, results of
operations and prospects.  Mr. Rakishev may take positions with
respect to and seek to influence the Issuer regarding the matters
discussed above.  Such suggestions or positions may include one or
more plans or proposals that relate to or would result in any of
the actions required to be reported herein.  Mr. Rakishev also
reserves the right, in each case subject to applicable law, to (i)
enter into privately negotiated derivative transactions with
institutional counterparties to hedge the market risk of some or
all of his positions in the shares of Common Stock or other
securities and (ii) consider participating in a business
combination transaction that would result in an acquisition of all
of the Issuer's outstanding shares of Common Stock."

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

                      https://is.gd/oxivpQ

                        About Net Element

North Miami, Florida-based Net Element, Inc. (NASDAQ:NETE) --
http://www.netelement.com/-- operates a payments-as-a-service
transactional and value-added services platform for small to medium
enterprise in the US and selected emerging markets.  In the U.S. it
aims to grow transactional revenue by innovating SME productivity
services such as its cloud based, restaurant and retail
point-of-sale solution Aptito.  Internationally, Net Element's
strategy is to leverage its omni-channel platform to deliver
flexible offerings to emerging markets with diverse banking,
regulatory and demographic conditions such as UAE, Kazakhstan,
Kyrgyzstan and Azerbaijan where initiatives have been recently
launched.  Net Element was named in 2016 by South Florida Business
Journal as one of the fastest growing technology companies.

Net Element reported a net loss of $13.61 million on $54.28 million
of total revenues for the 12 months ended Dec. 31, 2016, compared
to a net loss of $13.32 million on $40.23 million of total revenues
for the 12 months ended Dec. 31, 2015.  

As of Sept. 30, 2017, Net Element had $20.43 million in total
assets, $18.45 million in total liabilities and $1.98 million in
total stockholders' equity.

Daszkal Bolton LLP's report on the Company's consolidated financial
statements for the year ended Dec. 31, 2016, contains an
explanatory paragraph expressing substantial doubt as to the
Company's ability to continue as a going concern.  The independent
auditors stated that the Company's recurring losses from operations
and working capital and accumulated deficits raise substantial
doubt about its ability to continue as a going concern.


OLYMPIA OFFICE: Taps Williams Kastner as Legal Counsel
------------------------------------------------------
Olympia Office LLC and its affiliates filed applications seeking
approval from the U.S. Bankruptcy Court for the Western District of
Washington to hire legal counsel in connection with their Chapter
11 cases.

Olympia Office, WA Portfolio LLC, Mariners Portfolio LLC and
Seahawk Portfolio LLC each filed an application seeking approval to
employ Williams Kastner & Gibbs, PLLC to assist in the preparation
of a bankruptcy plan, negotiate with their creditors, and provide
other legal services related to their bankruptcy cases.

At the time the cases were filed, Williams Kastner held a security
retainer in the sum of $27,756 paid by Olympia Office.

All partners at Williams Kastner do not have any connection with
the Debtors or their creditors, according to court filings.

The firm can be reached through:

     Shawn B. Rediger, Esq.
     Daniel A. Brown, Esq.
     Williams Kastner & Gibbs, PLLC
     601 Union Street, Suite 4100
     Seattle, WA 98101-2380
     Tel: (206) 628-6600
     Fax: (206) 628-6611
     E-mail: srediger@williamskastner.com
             dbrown@williamskastner.com

                      About Olympia Office

Based in Cedarhurst, New York, Olympia Office LLC and its
affiliates WA Portfolio LLC, Mariners Portfolio LLC and Seahawk
Portfolio LLC sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. W.D. Wash. Case Nos. 17-44721 to 17-44724) on Dec. 26,
2017.  Scott G. Switzer, chief operating officer, signed the
petitions.  At the time of the filing, Olympia Office estimated
assets of $10 million to $50 million and liabilities of $50 million
to $100 million.  Judge Mary Jo Heston presides over the cases.
Williams Kastner & Gibbs, PLLC, serves as counsel to the Debtors.



OUTBACK DEVELOPMENT: Bob Robertson Buying Taney Property for $5M
----------------------------------------------------------------
Outback Development, LLC, asks the U.S. Bankruptcy Court for the
Western District of Missouri to authorize the sale of (a) three
separate tracts of real property located in Taney County, Missouri
generally described as: (i) approximately 7.64 acres with
improvements consisting of a restaurant and pub utilized by Outback
Steak & Oyster Bar, Inc.; (ii) approximately 4.94 acres with
improvements of a motel utilized by Outback Roadhouse Motel &
Suites LLC; and (iii) approximately 1.96 acres unimproved; (b)
Steak & Oyster Bar business and personal property; and (iii)
Roadhouse Motel business and personal property, to Bob Robertson
Family FLP and/or assigns for $5 million.

As of the Petition Date, the Debtor owned the Real Property.  Upon
information and belief, the Real Property was subject to the
following liens or encumbrances: (i) a first mortgage lien in favor
of Peoples Community Bank securing the Debtor's loan obligations of
approximately $2,607,043; and (ii) a secondary mortgage lien in
favor of Husch Blackwell, LLP securing an indebtedness of
$150,000.

Subsequent to the Petition Date, the Debtor filed an Application
for Approval of a Listing Agreement with Realtor Booker Cox, III
and Broker Foggy River Realty, LLC and at present the Application
is pending approval by the Court.  The listing price in the listing
agreement was $8.9 million, however the valuation included the
furniture, fixtures, equipment, and goodwill of Steak & Oyster and
Roadhouse Motel.

Steak & Oyster operates from two separate building improvements
located on the property.  One building improvement is utilized by
it as a restaurant and the other building is utilized as a Pub.  In
addition, Steak & Oyster subleases another building improvement
known as the Bungee building to a timeshare promotional company.
In exchange for utilizing the building improvements and the
sublease, Steak & Oyster pays the Debtor a combination of rent and
also on occasion has loaned the Debtor monies necessary for the
Debtor to service its monthly mortgage payments to Peoples
Community Bank.  Steak & Oyster is a Missouri corporation whose
sole shareholder is Steven R. Wood who is also the sole member of
the Debtor.

Roadhouse Motel operates a motel office building and a 53-room
roadhouse motel building.  Roadhouse Motel is a limited liability
company whose sole shareholder is Mr. Wood who is also the sole
member of the Debtor.

Subsequent to the Petition Date, the Debtor received a written
offer from the Buyer to purchase the Real Property, Steak & Oyster
Bar business and personal property, and Roadhouse Motel business
and personal property from all owners pursuant to a Real Estate
Contract dated Dec. 28, 2017, by which Robertson proposes to
purchase the Real Property and businesses from the Debtor, Steak &
Oyster, and Roadhouse Motel for a purchase price of $5,000,000,
with $10,000 earnest money.

The Agreement has special terms summarized as:

     a. The purchase price of $5,000,000 to be allocated as
follows:

                    Unit                             Price         
          
                    ----                             -----
          Land – 14.53 acres                      $1,200,000
          Outback Steak & Oyster bar business       $750,000
          Outback Roadhouse Motel business          $450,000
          Outback Restaurant building             $1,200,000
          Outback Pub building                      $500,000
          Bungee building                           $250,000
          Motel Office building                     $150,000
          53 room Roadhouse Motel building          $500,000

     b. The Closing is contingent upon Sellers securing the consent
of any holder of an existing lien or mortgage for the release of
any existing lien or mortgage at closing or alternatively securing
a Court Order approving the sale  will  and clear of liens and
encumbrances;

     c. A closing date is March 14, 2018.

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

    http://bankrupt.com/misc/Outback_Development_22_Sales.pdf

The Debtor proposes that the Court enters an Order authorizing and
directing it to sell the real and personal property to the Buyer at
the allocated prices, free and clear of all liens, claims and
encumbrances, other than the standard exceptions listed in the
Title Commitment to be delivered at closing by Great American Title
pursuant to paragraph 6 of the Real Estate Contract, for these
reasons, among others:

     a. The proposed purchase price of $5,000,000 for the real
property, businesses, and personal property approximates their fair
market value;

     b. Consummation of the sale would confer a great benefit upon
the Debtor's estate as upon sale to Bob Robertson Family FLP the
claims of Peoples Community Bank ($2,607,043) and Husch Blackwell,
LLP ($150,000) will be paid in full; and

     c. Other net sale proceeds would be available to the
bankruptcy estate.

The Debtor asks the Court to authorize it to pay (i) reasonable
costs necessary to consummate the sale of the real property,
including without limitation, title insurance, real estate sales
commissions, real estate tax prorations, recording fees, transfer
taxes, and attorneys fees for work on the closing; (ii) sale
proceeds to Peoples Community Bank and Husch Blackwell LLP in
satisfaction of
its liens; and (iii) the balance of net proceeds to the Debtor for
further administration of the bankruptcy estate.

                    About Outback Development

Based in Branson, Missouri, Outback Development, LLC, is a
privately held company engaged in real estate development and
management.  Outback Development sought protection under Chapter 11
of the Bankruptcy Code (Bankr. W.D. Mo. Case No. 17-61215) on Nov.
9, 2017.  Steve R. Wood, its managing member, signed the petition.
At the time of the filing, the Debtor estimated assets and
liabilities of $1 million to $10 million.  Judge Cynthia A. Norton
presides over the case.  David Schroeder Law Office, P.C. is the
Debtor's legal counsel.


P3 FOODS: Plan Filing Deadline Moved to April 6
-----------------------------------------------
Judge Donald R. Cassling of the U.S. Bankruptcy Court for the
Northern District of Illinois, upon the motion of P3 Foods, LLC for
an extension of time to file its Plan and Disclosure Statement, has
continued the deadline for filing of the Plan and Disclosure
Statement to April 16, 2018.

                     About P3 Foods, LLC

P3 Foods, LLC, which operates nine Burger King franchises in
Minneapolis, Minnesota, filed a chapter 11 petition (Bankr. N.D.
Ill. Case No. 16-32021) on Oct. 6, 2016.

The case is assigned to Judge Donald Cassling.

The Debtor tapped Richard L. Hirsh, Esq., at Richard L. Hirsh,
P.C., as counsel.  The Debtor also engaged Aldridge Chasewater LLC
as accountant.

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


PARETEUM CORP: Empery Lowers Equity Stake to 1.1% as of Dec. 31
---------------------------------------------------------------
In a Schedule 13G/A filed with the Securities and Exchange
Commission, Empery Asset Management, LP, Ryan M. Lane, and Martin
D. Hoe disclosed that as of Dec. 31, 2017, they beneficially own
500,000 shares of common stock issuable upon exercise of warrants
of Pareteum Corporation, constituting 1.15 percent of the shares
outstanding.  The percentage is based on 42,924,766 shares of
Common Stock issued and outstanding as of Dec. 1, 2017, as
represented in the Company's Prospectus Supplement filed with the
SEC on Dec. 1, 2017 pursuant to Rule 424(b)(5) and assumes the
exercise of the Company's reported warrants.  A full-text copy of
the regulatory filing is available at https://is.gd/i8aczv

                   About Pareteum Corporation

New York-based Pareteum Corporation -- http://www.pareteum.com/--
provides a complete mobility cloud platform, utilizing messaging
and security capabilities for the global Mobile, MVNO, Enterprise,
Software-as-a-Service and IoT markets.  The Company's software
solutions allow any organization to harness the power of a
wirelessly connected world by delivering seamless connectivity and
subscriber management capabilities that provides end-to-end control
of millions of connected devices.  Mobile Network Operator (MNO)
customers include Vodafone, the world's second largest mobile
operator by customer count, Zain, one of the largest mobile
operators in the Middle East, as well as MVNO customers such as
Lebara and Lowi.  

Squar Milner, LLP, in Los Angeles, California, issued a "going
concern" qualification in its report on the consolidated financial
statements for the year ended Dec. 31, 2016, citing that the
Company has suffered recurring losses from operations, has an
accumulated deficit of $287,080,234 and has negative working
capital.  This, according to the auditors, raises substantial doubt
about the Company's ability to continue as a going concern.

Pareteum incurred a net loss of $31.44 million for the year ended
Dec. 31, 2016, following a net loss of $5 million for the year
ended Dec. 31, 2015.  The Company's balance sheet as of Sept. 30,
2017, showed $10.28 million in total assets, $15.16 million in
total liabilities and a total stockholders' deficit of $4.87
million.


PARKER DRILLING: Moody's Lowers CFR to Caa1 on High Debt Levels
---------------------------------------------------------------
Moody's Investors Service downgraded Parker Drilling Company's
Corporate Family Rating (CFR) to Caa1 from B3, Probability of
Default Rating (PDR) to Caa1-PD from B3-PD, and senior unsecured
rating to Caa2 from Caa1. Moody's also lowered Parker's Speculative
Grade Liquidity Rating to SGL-4 from SGL-3. The rating outlook
remains negative.

"The downgrade to Caa1 reflects Parker's high debt levels relative
to its expected cash flow," said Amol Joshi, Moody's Vice
President. "While Parker's cash flow will likely gradually improve,
leverage metrics are unlikely to improve sufficiently in the next
12-18 months as liquidity deteriorates, resulting in the downgrade
and continued negative outlook."

Issuer: Parker Drilling Company

Downgrades:

-- Corporate Family Rating, Downgraded to Caa1 from B3

-- Probability of Default Rating, Downgraded to Caa1-PD from B3-
    PD

-- Senior Unsecured Regular Bond/Debentures, Downgraded to Caa2
    (LGD 4) from Caa1 (LGD 4)

-- Speculative Grade Liquidity Rating, Downgraded to SGL-4 from
    SGL-3

Outlook Action:

-- Outlook, Remains Negative

RATINGS RATIONALE

Parker's Caa1 CFR reflects its high financial leverage, exposure to
the volatile contract drilling industry which is bottoming in
international onshore markets after a severe downturn, modest
scale, capital intensity, and inherent business and political risks
involving international operations. Moody's expects range-bound oil
and natural gas prices to subdue drilling activities worldwide,
while gradually improving from low levels. Parker's leverage is
high relative to cash flow, and the company will have to continue
contending with few contract and revenue opportunities in some of
its niche markets, low margins and utilization rates through 2018.
The Caa1 rating is supported by Parker's globally diversified
geographic footprint that could allow it to participate in markets
where activity is improving, its niche position as a provider of
specialized drilling rigs and ability to work on complex wells or
in remote and harsh locations, and the scalability of its rental
tools business both in US and in international markets.

Parker's SGL-4 rating reflects the company's weak liquidity through
mid-2019. At September 30, 2017, the company had $121 million of
cash that should be sufficient to fund negative cash flow. However,
Moody's expects Parker's cash balances to fall below $100 million
in 2018. The company has an undrawn $100 million revolving credit
facility (~$94.7 million available at September 30, 2017 after
accounting for letters of credit), which matures in January 2020.
Although the company has received covenant relief through amending
its revolver agreement, Parker could breach its interest coverage
covenant later in 2018 if business conditions remain soft. The
current revolver financial covenants include a maximum debt/EBITDA
ratio of 4.25x beginning in the fourth quarter of 2018, a maximum
secured debt/EBITDA ratio of 1.5x, a minimum EBITDA/interest
expense ratio of 1x beginning in the fourth quarter of 2017 and
ramping up to 2x by the fourth quarter of 2018 and a minimum asset
coverage ratio of 1.25x. These covenants will likely restrict any
availability under the revolver sometime in the second half of
2018. Parker also has some refinancing risks given its 7.5% and
6.75% senior notes mature in 2020 and 2022, respectively.

Parker's senior notes are rated Caa2, one notch below the Caa1 CFR
under Moody's Loss Given Default Methodology. The notching reflects
the $100 million secured revolver in the capital structure that has
a first-priority claim to Parker's assets.

The outlook is negative, reflecting Parker's deteriorating
liquidity amid challenging industry conditions and Moody's view
that Parker's leverage is likely to remain high into 2019. The
outlook could be changed to stable if liquidity improves. The
ratings could be downgraded if interest coverage (EBITDA/Interest)
approaches 1x, the company generates significant negative free cash
flow or its liquidity weakens considerably. In order to consider a
ratings upgrade, Parker will have to achieve adequate liquidity and
interest coverage (EBITDA/Interest) exceeding 2x, while generating
meaningful free cash flow in improving market conditions.

The principal methodology used in these ratings was Global Oilfield
Services Industry Rating Methodology published in May 2017.

Parker Drilling Company, headquartered in Houston, Texas, provides
rental tools and contract drilling services to the oil & gas
industry globally.


PARKWAY RADIOLOGY: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: Parkway Radiology LLC
        13 Western Maryland Parkway Suite 105
        Hagerstown, MD 21740

Type of Business: Parkway Radiology LLC is a privately owned
                  radiology center in Washington County,
                  Maryland.  Parkway Radiology offers both
                  the Fonar Upright Multi-Position MRI and the  
                  3.0 Tesla.

Chapter 11 Petition Date: January 18, 2018

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

Case No.: 18-10737

Judge: Hon. Lori S. Simpson

Debtor's Counsel: Robert L. Kline, III, Esq.
                  KLINE LAW GROUP LLC
                  93 N Main Street
                  Port Deposit, MD 21904
                  Tel: (410) 790-2654
                  Fax: (410) 323-3344
                  E-mail: klinelawgroupllc@gmail.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Dr. Ajay K. Goyal, managing member.

A full-text copy of the petition, containing a list of the Debtor's
20 largest unsecured creditors, is available for free at:

           http://bankrupt.com/misc/mdb18-10737.pdf


PEOPLE'S COMMUNITY: Trustee's Sale of MCHS/MCHS-GP Interests Okayed
-------------------------------------------------------------------
Judge Robert A. Gordon of the U.S. Bankruptcy Court for the
District of Maryland authorized Charles R. Goldstein, the
Liquidating Trustee of the estate of The People's Community Health
Centers, Inc., to sell the Debtor's equity interests in Maryland
Community Health System, LLLP ("MCHS") and MCHS, Inc.("MCHS-GP") to
MCHS and MCHS-GP for $4.2 million.

The sale is free and clear of all Interests including, but not
limited to, any or all liens, claims and encumbrances with such
Interests to attach to the consideration to be received by the
Trustee in the same priority, to the same extent and subject to the
same defenses, if any, as before the closing of the sale.

The Trustee is authorized to disburse from the proceeds of sale at
or after closing, the principal, interest and other allowable
charges and amounts due to any person to the extent the Trustee
concludes that such person holds an Interest or claim secured by a
non-avoidable valid and perfected lien or other Interest in the
Property.

All proceeds of sale not disbursed at the direction of the Trustee
as authorized in the Order will be retained by the Trustee, in
escrow, for disbursement in accordance with the Plan and/or further
Order of the Court.

Notwithstanding Bankruptcy Rule 6004, the Sale Order will be
effective and enforceable immediately upon its entry and its
provisions will be self-executing.  In the absence of any person or
entity obtaining a stay pending appeal, the Trustee and the Buyer
are free to close under the Agreement at any time, subject to the
terms of the Agreement.

                      About the Debtor
    
The People's Community Health Centers, Inc., formerly known as
Medhealth of Maryland, Inc., is a health care business based at
1734 Maryland Avenue, Baltimore, Maryland.

People's Community Health Centers sought Chapter 11 protection
(Bankr. D. Md. Case No. 15-10228) on Jan. 7, 2015, disclosing
assets at $3.04 million and liabilities at $6.73 million.  William
A. Green, managing agent, signed the petition.

The Debtor tapped Michael Stephen Myers, Esq., at Scarlett, Croll &
Myers, P.A., as counsel.

                          *     *     *

On Nov. 13, 2015, the Court approved the Plan of Liquidation
proposed by the Official Committee of Unsecured Creditors.
Pursuant to the Plan, Charles R. Goldstein was appointed as
liquidating trustee to liquidate the assets of the Debtor and to
pay the proceeds of the assets in accordance with the Plan and
applicable priorities.


PIONEER NURSERY: Proposes a Sale of Personal Property
-----------------------------------------------------
Pioneer Nursery, LLC, asks the U.S. Bankruptcy Court for the
Eastern District of California to authorize the bidding procedures
in connection with the sale of personal property to Pioneer
Nursery, Inc., subject to overbid.

A hearing on the Motion is set for Jan. 31, 2018 at 1:30 p.m.

The members of the Debtor and their respective interests are as
follows: (i) 35% interest is held by Kenneth Puryear, Trustee of
the Kenneth L. Puryear 2008 Revocable Trust dated Jan. 24, 2008;
(ii) 35% interest is held by Henry P. Anderson, III, Trustee of the
Henry P. Anderson, III 2009 Revocable Trust dated Sept. 9, 2009;
and (iii) 30% interest is held by Brian Blackwell.

The Buyer ("Corporation") is owned 100% by Puryear and Anderson.
Puryear and Anderson are insiders of the Debtor since they each
owned 35% of the Debtor when it filed for bankruptcy.  In the
interests of full disclosure, the Debtor would note that
Corporation is an insider of the Debtor since Corporation is owned
entirely by Puryear and Anderson.

The Debtor will be ceasing operations and will no longer need its
equipment after Feb. 28, 2018.  

Among its assets are the following:

          Property Description                      Value
          --------------------                      -----
          10 x 12 Carriage Shed                    $1,500
          10 x 12 Building                         $1,000          
        
          8 x 20 C Train                           $1,500
          8 x 12 Shed                              $1,250          
          
          9 x 14 Shed                              $1,000
          Big Ball L. P. Fuel Tank                 $2,000
          33 x 12 Building                         $3,000
          8 x 27 C Trains                          $2,800
          Wurdinger Tray Filler                   $10,000
          2006 Ford Van                            $2,750
          (4) 8 x 20 Field Trailers                $4,000
          John Deere 544H Loader W/Cab,           $37,500
             S/N 585158, 6400 Hours
          4900 DT466E 1999 Dump Truck              $3,500
          Harlo Forklift, 4 x 4, Rops, S/N 91138  $12,500
          Harlo Forklift, 4 x 4, Rops, S/N 91805  $12,500
          John Deere 6420L 4 Wheel Drive Tractor   $3,500
             W/2 Post, S/N 3062, No Run
          Potato Peeler                               $50
          Kabota M7030N 2 Wheel Drive
             Tractor, S/N 21022, 4000 Hours        $3,000
          2015 Honda Pioneer 700 Vin # 100171      $4,500
            1326 Hours
          2016 Honda 1000 W/200 Hours
            Vin 4000108, Over Heats $6,500
          John Deere 825 I Gator                   $4,500
            943 Hours, Vin 014811
          2006 Gator TS 4x4 1334 Hours             $3,000
            Vin 013376
          John Deere LA150 2007 Mower                $250
            Vin 016367
          2006 E350 Passenger Van                  $2,500
            Vin 37935
                                                    -----
          Total Value                            $124,600

The Debtor asked that Auctioneer Jerry Gould provide an estimated
auction value for the above assets, and the prices listed are the
values that Mr. Gould provided to the Debtor.  The Corporation has
offered to purchase the Property for the prices set forth, subject
to higher and better bid.  There are no liens on the Property.

The sale of Property sought is subject to higher and better bid at
the time of the hearing of the Motion.  It has notified the
Corporation the proposed sale of the Property is subject to
competitive bidding and higher and better bids at the time of the
hearing.

Any party wishing to overbid for the Property must perform and/or
provide as follows:

     a. At the time of the sale motion hearing, deposit certified
funds in the amount of the individual piece of property set forth
hereinabove, plus: (i) If the over bidder seeks any specific item
of Property, $100 representing the first over bid for the specified
item; or (ii) If the over bidder seeks to purchase all of the
Property, $1,000 representing the first over bid for the entire lot
of Property.  Any unsuccessful bidder's deposit will be returned at
the conclusion of the sale motion hearing.

     b. Proof that any successful over bidder can and will close
the sale with sufficient and good funds within 10 days of the entry
of the Court's order approving the sale of the Property;

     c. Any successful over bidder will have the Deposit applied to
its successful overbid price;

     d. In the event a successful over bidder fails to close the
sale as provided, the Deposit will become non-refundable;

     e. Any over bidding party may do so only by meeting the above
requirements and being present at the sale hearing (or, in their
absence, having present at the hearing an authorized representation
with proof of authority to bid on behalf of the prospective over
bidder).

     f. All overbids will: (i) In the event the overbid is placed
on a specific item of the Property be in the minimum amount of
$100; (ii) In the event the overbid is placed on the entire lot of
Property be in the minimum amount of $1,000.

     g. Any unsuccessful bidder's Deposit will be returned at the
conclusion of the sale motion; and

     h. The sale of the Property is in "as-is" condition with no
warranties or representations, express, implied or otherwise by the
Debtor, the estate, or the Debtor's representations.

No commissions are to be paid in conjunction with the sale of the
Property.  The Debtor believes that the proposed sale of the
Property to Corporation with overbid provisions as set forth should
be authorized by the Court as being in the best interests of the
estate, and that that it will ensure the best and highest offer
that can be obtained is obtained for the Property.

The Debtor asks the Court to waive the 14-day stay of Fed. R.
Bankr. P. 6004(h).

                      About Pioneer Nursery

Founded in 1968, Pioneer Nursery Inc. is in the retail nurseries
and garden stores industry.  It owns crops -- either planted or
harvested -- of approximately 440,000 pistacio trees worth $7 per
tree having a total retail value of $3.08 million.  It posted gross
revenue of $4.55 million in 2016 and gross revenue of $7.78 million
in 2015.

Pioneer Nursery sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Cal. Case No. 17-13112) on Aug. 11,
2017.  Brian Blackwell, member, signed the petition.  At the time
of the filing, the Debtor disclosed $5.42 million in assets and
$245,701 in liabilities.  Judge Fredrick E. Clement presides over
the case.  Fear Waddell, P.C., is the Debtor's bankruptcy counsel.
Lewis Brisbois is the Debtor's insurance defense counsel.


POSTO 9 LAKELAND: Exclusive Plan Filing Deadline Moved to Feb. 21
-----------------------------------------------------------------
The Hon. Michael G. Williamson of the U.S. Bankruptcy Court for the
Middle District of Florida, at the behest of Posto 9 Lakeland, LLC
and Posto 9 Properties, LLC, has extended the exclusive plan filing
deadline through and including Feb. 21, 2018, and, if the the
Debtors timely file their chapter 11 plan, the exclusive
solicitation period will be extended through and including the
conclusion of the confirmation hearing to be scheduled by the
Court.

The Troubled Company Reporter has previously reported that the
Debtors asked the Court for an extension of time for which the
Debtors have the exclusive right to file a plan, through Jan. 10,
2018.

On Dec. 29, 2017, the Debtors filed their Extension Motion
requesting that, inter alia, the Court extend the Exclusive Plan
Filing Deadline through and including Feb. 4, 2018.  However, on
Dec. 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
Jan. 4, 2018 and Jan. 10, 2018 when the Exclusivity Motion is
heard.

Accordingly, the Debtors said 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 Jan. 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.
Marco Franca, its manager, signed the petitions.

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.


PRECISION CASTING: Unsecureds to Get 32% in 6 Years Under New Plan
------------------------------------------------------------------
Precision Casting Prototypes and Engineering, filed with the U.S.
Bankruptcy Court for the District of Colorado a second amended plan
of reorganization dated Jan. 9, 2018.

Under the latest plan, Class 12 general unsecured creditors holding
allowed claims will receive distributions at approximately
thirty-two cents on the dollar (32%) over a period of six years.
Class 12 is impaired under the plan.

The Troubled Company Reporter previously reported that Class 12
creditors will receive pro-rata distributions on an annual basis
from the Debtor's Creditor Fund within 30 days of each anniversary
of the Effective Date for a period of six years.

A full-text of the Second Amended Plan is available at:

     http://bankrupt.com/misc/cob-16-20113-198.pdf

                 About Precious Casting

Precision Casting Prototypes & Engineering, Inc., is a veteran
owned foundry and machine shop in Colorado serving the entire
United States.  It operates at a leased property at 7501 East
Dahlia Street in Commerce City, Colorado.  

Precise Cast specializes in rapid prototyping and the precision
casting and machining of aluminum, magnesium, and zinc parts
primarily for Fortune 500 companies in the aerospace, defense,
automotive, commercial vehicle, electronic, and medical device
industries.

The Debtor filed a Chapter 11 petition (Bankr. D. Colo. Case No.
16-20113) on Oct. 13, 2016.  The petition was signed by Craig R.
Reeves, president.  The Debtor is represented by Kenneth J.
Buechler, Esq., at Buechler & Garber, LLC. The case is assigned to
Judge Thomas B. McNamara.  

The Debtor estimated $500,000 to $1 million in assets and $1
million to $10 million in debt at the time of the filing.

An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of Precision Casting Prototypes &
Engineering, Inc. as of November 9, according to a court docket.


PREFERRED VINTAGE: Kashubas Buying Sonoma Property for $4.3 Million
-------------------------------------------------------------------
Preferred Vintage, LLC, asks the U.S. Bankruptcy Court for the
Northern District of California to authorize the sale of real
property commonly described as 16490 Arnold Drive, Sonoma,
California, APN 133-010-045-000, to Dallas R. and Vida Kashuba for
$4,250,000.

A hearing on the Motion is set for Feb. 2, 2018 at 10:00 a.m.

In March of 2016, the Debtor executed a Promissory Note in the
principal amount of $2.3 million from an investor group represented
by USI Servicing, Inc., a Nevada corporation.  The Promissory Note
is secured by a deed of trust of the same date that was recorded in
the Official Records of the County of Sonoma and is a lien against
the Property.  The terms of the Promissory Note provide for
interest only payments of $19,167 per month.  The Debtor did not
make the payment to USI for the months of October and November of
2016.  

In response to Preferred's failure to pay USI increased the
interest rate to a default rate of 25% per annum calculated on the
unpaid principal, and continued to charge a default rate of
interest even as Preferred cured the default and stayed current.
When Preferred was unable to pay the balloon payment due under the
Promissory Note, USI commenced the foreclosure of its deed of
trust.  The chapter 11 was filed to allow time for the sale of the
Property.

The Property is encumbered with these liens:

     a. Property taxes, including any personal property taxes and
any assessments collected with taxes are as follows:

          Code Area: 158060
          Tax Identification No.: 133-010-045-000
          Fiscal Year: 2017-2018
          1st Installment: $10,259 Open
          2nd Installment: $10,259 Open
          Exemption: $0
          Land: $974,033
          Improvements: $708,716
          Personal Property: $58,802

     b. The lien of supplemental or escaped assessments of property
taxes, if any, made pursuant to the provisions of Chapter 3.5
(commencing with Section 75) or Part 2, Chapter 3, Articles 3 and
4, respectively, of the Revenue and Taxation Code of the State of
California as a result of the transfer of title to the vestee named
in Schedule A or as a result of changes in ownership or new
construction occurring prior to Date of Policy.

     c. A deed of trust to secure an indebtedness in the amount
shown:

          Amount: $2,300,000.00
          Dated: March 25, 2016
          Trustor/Grantor: Preferred Vintage, LLC, a California
LLC
          Trustee: USI Servicing, Inc
          Beneficiary: United Security Investors III LLC, a Nevada
Limited Liability Company as to an undivided 60.870% and United
Security Investors II, LLC, a Nevada Limited Liability Company, as
to an undivided 39.130% interest
          Loan No: USF11888
          Recording Date: March 31, 2016
          Recording No.: 2016028613, of Official Records.
          
          A Partial Assignment of the beneficial interest under
said Deed of Trust From: United Security Investors II, LLC, a
Nevada Limited Liability Company
          To: 16490 Arnold Dr. Investors LLC, a California Limited
Liability, as to an undivided 13.043% interest, Equity Trust
Company Custodian f/b/o Errol D. Brick IRA, as to an undivided
3.261% interest, Beam Brothers, LLC, an Ohio limited liability
company, as to an undivided 4.648% interest; Richard J. Mayer
Trustee of the Richard J. Mayer Revocable Trust dated April 23,
1992, as to an undivided six and 6.522% interest, and Joseph Frank
and Suzanne G. Frank Trustees of the Frank Family Trust, dated Aug.
25, 2011, as to an undivided 4.348% interest in the certain deed of
Trust dated March 25, 2016.
          Recording Date: June 6, 2017
          Recording No: 2017044000, of Official Records
          As To: 31.822%

          A Partial Assignment of the beneficial interest under
said Deed of Trust From: United Security Investors II, LLC, a
Nevada Limited Liability Company
          To: United Security Investors III LLC, a Nevada Limited
Liability Company, as to an undivided 4.826% interest
          Recording Date: June 6, 2017
          Recording No: 2017044001, of Official Records
          As To: 4.826%

          A Partial Assignment of the beneficial interest under
said Deed of Trust From: United Security Investors II, LLC, a
Nevada Limited Liability Company
          To: United Security Investors III LLC, a Nevada Limited
Liability Company, as to an undivided 2.609% interest
          Recording Date: June 6, 2017
          Recording No: 2017044002, of Official Records
          As To: 2.609%

     d. A deed of trust to secure an indebtedness in the amount
shown:

          Amount: $250,000
          Dated: July 13, 2016
          Trustor/Grantor: Preferred Vintage, LLC, a California
LLC
          Trustee: First American Title Co.
          Beneficiary: Edward Keane, an unmarried man
          Loan No: 16070306
          Recording Date: July 14, 2016
          Recording No.: 2016060512, of Official Records

     e. A deed of trust to secure an indebtedness in the amount
shown below,

          Amount: $300,000
          Dated: March 10, 2017
          Trustor/Grantor: Preferred Vintage, LLC
          Trustee: First American Title Insurance Company, a
California Corp.
          Beneficiary: Sal S. Zagari
          Loan No: None Shown
          Recording Date: March 14, 2017
          Recording No.: 2017019672, of Official Records

The estate has employed Holly Bennett with Sotheby's International
Realty as Real Estate Broker for the sale of the Property.  The
estate's agreement with Holly Bennett provides that she will be
paid a commission equal to 2.5% of the sale price received for the
property to be paid at the close of escrow.  The Buyers are
represented by Donald Van de Mark also with Sotheby's International
Realty who is to be paid 2.5% of the sale price received from the
Property to be paid at close of escrow.

There is a bona fide dispute with USI as to the interest it claims
on the unpaid balance: USI contends it is entitled to a default
rate of interest calculated on the unpaid principal balance,
whereas Preferred contends USI is not entitled to any more than the
10% contract rate of interest.  The dispute is to be resolved by
adversary proceeding.

Preferred has accepted an offer to purchase the Property from the
Buyers, co-trustees of the Kashuba 2009 Trust dated July 1, 2009,
at the sale price of $4,250,000, with $42,500 initial deposit, all
cash, free and clear of the disputed amount of the USI.  The
parties have entered into the Real Estate Purchase Contract for the
sale and purchase of the Property.

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

    http://bankrupt.com/misc/Preferred_Vintage_35_Sales.pdf

The sale will pay all creditors in full and return a surplus to the
Debtor to fund plan payments to the approximately $180,000 in
unsecured claims:

     Sale price                $4,250,000
     Estimated Costs (6%)       ($255,000)
     USI                      ($3,010,000)
     Edward Keane               ($260,000)
     Sal Zagari                 ($315,000)
     Net                         $410,000

The Debtor asks the Court to authorize it to pay directly from
escrow the following claims: (i) Sonoma County Tax Collector; (ii)
the ordinary and necessary costs of sale, including real estate
commissions; (iii) $2,510,000 to USI on behalf of the beneficiaries
of that deed of trust identified as Document No. 2016028613 of
Official Records; (iv) Edward Keane as beneficiary of the deed of
trust identified as Document No. 2016060512, of Official Records;
(v) Sal Zagari as beneficiary of that deed of trust identified as
Document No. 2017019672 of Official Records; (vi) $500,000 to an
interest bearing trust account at American River Bank, 90 South E
Street, Santa Rosa, California to be held in the name of
Preferred's counsel, or such other account as may be agreed by
Preferred and USI, with the lien of USI to attach to the account;
and (vii) the surplus to Preferred.

                     About Preferred Vintage

Headquartered in Greenbrae, California, Preferred Vintage LLC filed
for Chapter 11 bankruptcy protection (Bankr. N.D. Cal. Case No.
17-31106) on Nov. 1, 2017, listing its estimated assets at $1
million to $10 million and estimated liabilities at $1 million to
$10 million.  The petition was signed by Greg Hoffman, managing
member.  Judge Dennis Montali presides over the case.  MICHAEL C.
FALLON, JR., serves as counsel to the Debtor.

                           *     *     *

On Nov. 17, 2017, the Debtor filed a Chapter 11 plan of
reorganization and disclosure statement.


PROTEA BIOSCIENCES: Panel Objects to Deal With Asurrx Biopharma
---------------------------------------------------------------
BankruptcyData.com reported that Protea Biosciences Group's
official committee of unsecured creditors filed with the U.S.
Bankruptcy Court an objection to the Debtors' emergency settlement
motion between the Debtors and Azurrx Biopharma. The committee
asserts, "The Committee has not had the opportunity to fully review
and discuss the Settlement Motion with the Debtors and their
counsel. The Debtors' Settlement Motion fails to identify and
provide information relative to any dispute, or all issues, that
are being resolved in conjunction with the Settlement Motion. Other
than stating that it is uncertain whether the future contingent
interest in royalties from AzurRx's will mature and become
noncontingent, the Debtors do not identify any dispute, claim
and/or cause of action that it seeks to compromise under Rule 9019
with respect to the Sale Agreement and AzurRx's and the Debtors'
rights and obligations thereunder. Based upon a fair reading of the
Settlement Motion, it appears to the Committee that the Debtors
desire to 'cash out' the contingent future interest in royalties
and sell the same to AzurRx rather than settling disputes under the
Sale Agreement. The Committee's interpretation is supported by the
Debtors own statements in paragraph 9 of the Settlement Motion
wherein the Debtors assert that they previously marketed their
future contingent interest in the royalties but were unable to
locate a buyer that was ready, willing and able to purchase the
interest for more than is currently offered by AzurRx. Regardless
of whether the relief requested in the Settlement Motion would have
been more properly brought as a sale motion pursuant to Section 363
of the Bankruptcy Code, the Debtors fail to provide any information
on the value of their interest in the future royalties and why this
settlement/sale is in the best interests of creditors and the
Debtors' estates. Further, other than stating that AzurRx's
agreement to enter into the Settlement Agreement is contingent upon
consummation of the transaction on or before December 31, 2017, the
Debtors offer no other basis as to why approval of the Settlement
Agreement/sale must occur on an emergency basis."

                    About Protea Biosciences

Headquartered in Morgantown, West Virginia, Protea Biosciences Inc.
-- https://www.proteabio.com/ -- is a bioanalytics technology
company that provides analytical and diagnostic solutions for the
rapid and direct identification, mapping and display of the
molecules present in living cells and biological samples.

Protea Biosciences, Inc., and its affiliate Protea Biosciences
Group, Inc., sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. N.D. W.Va. Case Nos. 17-01200 and 17-01201) on Dec. 1,
2017.

At the time of the filing, Protea Biosciences disclosed $5.16
million in assets and $13.64 million in liabilities.  Protea
Biosciences Group disclosed $2.7 million in assets and $18.2
million in liabilities.

Judge Patrick M. Flatley presides over the case.  

The Debtors hired Buchanan Ingersoll & Rooney PC as their legal
counsel; and Compass Advisory Partners, LLC, as their restructuring
advisor.

The U.S. Trustee for Region 7 appointed an official committee of
unsecured creditors in the Debtors' cases.  Leech Tishman Fuscaldo
& Lampl, LLC is the Committee's legal counsel and Johnson Law, PLLC
is its local counsel.


PROTEA BIOSCIENCES: Sale/Abandonment of De Minimis Assets Approved
------------------------------------------------------------------
Judge Patrick M. Flatley of the U.S. Bankruptcy Court for the
Northern District of West Virginia authorized the procedures of
Protea Biosciences, Inc. and Protea Biosciences Group, Inc. for
their sale, transfer, or abandonment of their surplus, obsolete,
non-core, or burdensome assets of de minimis value.

With regard to sales or transfers of the De Minimis Assets in any
individual transaction or series of related transactions to a
single buyer or group of related buyers with an aggregate selling
price up to or equal to $15,000:

   (i) The Debtors are authorized to consummate such transaction(s)
if the Debtors determine in the reasonable exercise of their
business judgment that such sales or transfers are in the best
interest of the estate, subject to the procedures set forth;

  (ii) Any such transaction(s) will be free and clear of all Liens,
with such Liens attaching only to the sale or transfer proceeds
with the same validity, extent, and priority as had attached to the
De Minimis Assets immediately prior to such sale or transfer;

(iii) The Debtors will give written notice by first class mail of
each such sale (the "Sale Notice") to (1) the U.S. Trustee; (2)
counsel to any creditors' committee; (3) counsel to the lender
providing DIP financing; and (4) any known affected creditor
asserting a Lien on the De Minimis Asset subject to sale;

  (iv) The content of the Sale Notice will consist of (1)
identification of the De Minimis Assets being sold or transferred,
(2) identification of the purchaser of the assets, (3) the purchase
price, and (4) the significant terms of the sale or transfer
agreement, including, but not limited to, any payments to be made
by the Debtors on account of commission fees to agents, brokers,
auctioneers, and liquidators;

   (v) If no written objections from any of the Notice Parties are
filed with the Court within seven days after service of such Sale
Notice, then the Debtors are authorized to immediately consummate
such sale or transfer; and

  (vi) If any Notice Party files a written objection to any such
sale or transfer with the Court within seven days after receipt of
such Sale Notice, then the relevant De Minimis Asset will only be
sold or transferred if the objection is withdrawn or upon
submission of a consensual form of order or stipulation resolving
the objection as between the Debtors and the objecting party or
further order of the Court after notice and a hearing.

(vii) Any De Minimis Assets sold will be added tot he "Excluded
Assets as defined the the Asset Sale and Purchase Agreement dated
as of Dec. 14, 2017 betwee the Debtors and SUmmit Resources, Inc.

All sales will be free and clear of all Liens, with such Liens to
attach to the proceeds of the sale.

The Debtor is authorized to abandon the De Minimis Assets in
accordance with these procedures:

     a. The Debtors will give written notice of the abandonment to
the Notice Parties;

     b. The Abandonment Notice will contain a (i) reasonably
detailed description of the De Minimis Assets to be abandoned, (ii)
the Debtor's reasons for such abandonment, and (iii) any payments
to be made by the Debtor in connection with such abandonment
including, but not limited to, commission fees to agents, brokers,
auctioneers, and liquidators;

     c. If no written objections from any of the Notice Parties are
filed with the Court within seven days after the date of receipt of
such Abandonment Notice, then the Debtors are authorized to
immediately proceed with the abandonment; and

     d. If a written objection from any Notice Party is filed with
the Court within seven days after receipt of such Abandonment
Notice, then the relevant De Minimis Assets will only be abandoned
upon either the consensual resolution of the objection by the
parties in question or further order of the Court after notice and
a hearing.

During the Chapter 11 cases, the Debtors will provide a written
report or reports, within 30 days after each calendar quarter (to
the extent De Minimis Asset Sales or Abandonments were consummated
for the relevant quarter), concerning any such sales, transfers, or
abandonments made pursuant to the relief requested (including the
names of the purchasing parties and the types and amounts of the
sales) to the Notice Parties and those parties requesting notice
pursuant to Bankruptcy Rule 2002; provided that the Debtor will
have no additional or further reporting obligations with respect to
sales of De Minimis Assets following the Debtors' filing a report
pursuant to the Order 30 days after confirmation of a chapter 11
plan.

                     About Protea Biosciences

Headquartered in Morgantown, West Virginia, Protea Biosciences Inc.
-- https://www.proteabio.com/ -- is a bioanalytics technology
company that provides analytical and diagnostic solutions for the
rapid and direct identification, mapping and display of the
molecules present in living cells and biological samples.

Protea Biosciences, Inc., and its affiliate Protea Biosciences
Group, Inc., sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. N.D. W.Va. Case Nos. 17-01200 and 17-01201) on Dec. 1,
2017.

At the time of the filing, Protea Biosciences disclosed $5.16
million in assets and $13.64 million in liabilities.  Protea
Biosciences Group disclosed $2.7 million in assets and $18.2
million in liabilities.

Judge Patrick M. Flatley presides over the case.  

Buchanan Ingersoll & Rooney LLP, is the Debtors' bankruptcy
counsel, with the engagement led by Christopher P. Schueller.
Compass Advisory Partners, LLC, is the Company's restructuring
advisor.


RAMLA USA: $85K Sale of Liquor License Interest to L.A. Spoon OK'd
------------------------------------------------------------------
Judge Barry Russell of the U.S. Bankruptcy Court for the Central
District of California authorized Ramla USA, Inc.'s sale of its
interest in a Type-47 "On-Sale General For Bona Fide Eating Place"
liquor license bearing license number 47-521524 to L.A. Spoon, LLC
for $85,000.

A hearing on the Motion was held on Jan. 9, 2018 at 2:00 p.m.

The Sale of the Liquor License to the Buyer is authorized on an "as
is, where is" basis, without any representations or warranties; and
free and clear of liens, interests, and encumbrances.

The overbid procedures proposed in the Liquor License Sale Motion,
and the form and manner of notice provided by the Debtor are
approved.

The 14-day stay imposed by F.R.B.P. 6004(h) is waived.

                       About Ramla USA Inc.

Headquartered in Monrovia, California, Ramla USA Inc. is a small
organization in the restaurants industry located in Monrovia,
California.  It owns and operates traditional
Japanese/Izakaya-style restaurants.  Along with four restaurant
and
food service locations currently in operation (located in Monrovia,
San Francisco, Palm Springs, and Los Angeles, California), it has
two non-operating locations in West Covina, California and Encino,
California that closed in early 2017 and mid-2016, respectively.
Each of the defunct locations still has liquor licenses associated
with them.

Ramla USA sought Chapter 11 protection (Bankr. C.D. Cal. Case No.
17-24318) Nov. 20, 2017.  The petition was signed by Yuji Ueno,
CEO.  The estimated assets in the range of $1 million to $10
million and $10 million to $50 million in debt.  The Debtor tapped
Robyn B. Sokol, Esq., at Brutzkus Gubner Rozansky Seror Weber LLP,
as counsel.


REALOGY GROUP: Moody's Assigns Ba1 Rating to New Sec. Bank Debt
---------------------------------------------------------------
Moody's Investors Service rated Realogy Group LLC's proposed senior
secured bank debt at Ba1 and affirmed the Ba3 Corporate Family
rating ("CFR"), Ba3-PD Probability of Default rating ("PDR"), B1
senior unsecured rating and SGL-1 Speculative Grade Liquidity
rating ("SGL"). The ratings outlook remains stable.

The net proceeds raised from the proposed revolver and term loans
will be used to repay in full the existing secured bank credit
facilities. The ratings on the existing senior secured debt will be
withdrawn when they are repaid.

Moody's took the following actions on Realogy Group LLC:

Assignments:

-- Senior Secured Bank Credit Facility, at Ba1 (LGD2)

Affirmations:

-- Corporate Family Rating, at Ba3

-- Probability of Default Rating, at Ba3-PD

-- Senior Unsecured, at B1 (LGD5)

-- Speculative Grade Liquidity Rating, at SGL-1

Outlook:

-- Outlook, Remains Stable

RATINGS RATIONALE

"The proposed transaction extends Realogy's senior debt maturity
profile by over two years and adds $375 million of external
liquidity without increasing the drawn interest rate spread, and is
therefore a credit and liquidity positive development," noted
Edmond DeForest, Moody's Senior Credit Officer.

The Ba3 CFR reflects Moody's expectations for solid financial
performance and ongoing financial deleveraging through debt
repayment and EBITDA growth. Moody's anticipates existing home sale
prices could be pressured by the limitations on the deductibility
of mortgage interest and state and local taxes imposed by the 2017
Tax Cuts and Jobs Act (the "Act"). A high proportion of Realogy's
revenues and earnings come from brokerage operations concentrated
in regions with high state and local taxes. The uncertain size of
the negative impact of the Act on the existing residential home
sale market will weigh on ratings upside until it can be assessed.
That said, although Realogy is not expected to be a U.S. cash tax
payer in 2018, the company will benefit from lower rates when it
begins paying cash taxes in or around 2020.

Realogy estimates it has a leading and over 15% share of the US
existing residential home sale market as measured by transaction
volume. The company's multiple brands position it to reflect the
continuing, albeit slow and uneven, recovery in the market.
However, Realogy remains highly leveraged at nearly 5 times debt to
EBITDA as of September 30, 2017, although leverage should decline
below 4.5 times by the end of 2018. The residential real estate
brokerage market remains volatile, cyclical and seasonal. Realogy's
owned brokerages have a high degree of fixed operating costs. A
high proportion of its profits reflect home sale market activity as
opposed to less-transactional franchise fees. Difficult credit
conditions for first time home buyers continue to limit the scope
of the residential real estate recovery to more affluent buyers and
markets. Realogy has the potential for EBITDA growth over the next
year if the impacts from the Act are only modestly negative and
credit conditions for first time home buyers improve.

The Ba1 rating on the senior secured obligations reflects their
priority position in the capital structure and a Loss Given Default
(LGD) assessment of LGD2. The debt is secured by a pledge of
substantially all of the company's domestic assets (excluding
accounts receivable pledged for the securitization facility) and
65% of the stock of foreign subsidiaries. The Ba1 rating, two
notches above the Corporate Family rating, benefits from loss
absorption provided by the junior ranking debt and non-debt
obligations.

The B1 rating on the senior unsecured notes reflects the Ba3-PD PDR
and an LGD assessment of LGD5. The senior notes are guaranteed by
substantially all of the domestic subsidiaries of the company
(excluding the securitization subsidiaries). The loss given default
assessment reflects effective subordination to all the secured
debt. The B1 rating is one notch higher than the LGD model-implied
rating of B2, reflecting Moody's expectations for a decline in the
proportion of secured debt to total debt over the next 12 to 18
months. An increase in the proportion of senior secured to total
debt claims could lead Moody's to downgrade the senior unsecured
notes to B2.

The SGL- 1 SGL rating reflects Realogy's very good liquidity
profile. Moody's expects at least $100 million of cash on the
balance sheet and over $500 million of free cash flow. The $1.4
billion revolver may be used to support opportunistic debt and
equity repurchases, acquisitions and some seasonal working capital
needs; over $1 billion is anticipated to remain available at all
times. Moody's expects ample headroom under financial maintenance
covenants over the next year as leverage is calculated on a senior
secured basis and net of balance sheet cash. The relocation
services business has liquidity from a $325 million securitization
vehicle that matures in June 2018 that had about $100 million of
availability at September 30, 2017.

The stable ratings outlook reflects Moody's anticipation that debt
to EBITDA will decline to below 4.5 times in 2018 through EBITDA
growth and debt repayment, while free cash flow to debt will be
maintained around 10%.

The ratings could be upgraded if through some combination of rising
existing unit home sales and average prices or accelerated debt
repayments Moody's comes to expect debt to EBITDA to be sustained
below 4 times and EBITA to interest maintained above 3 times.

The ratings could be downgraded if Moody's anticipates no revenue
growth, debt to EBITDA will remain above 5 times, free cash flow to
debt will remain below 8% or aggressive financial policies,
including large debt financed shareholder returns or acquisitions.

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

Realogy is a leading global provider of real estate and relocation
services. The company operates in four segments: real estate
franchise services, company owned real estate brokerage services,
relocation services and title and settlement services. The
franchise brand portfolio includes Century 21, Coldwell Banker,
Coldwell Banker Commercial, ERA, Sotheby's International Realty and
Better Homes and Gardens Real Estate. Moody's expects 2018 revenues
of over $6 billion.


REALOGY GROUP: S&P Rates New Secured Credit Facility 'BB+'
----------------------------------------------------------
S&P Global Ratings assigned its 'BB+' issue-level rating and '1'
recovery rating to Madison, N.J.-based residential real estate
franchising and brokerage company Realogy Group LLC's proposed
senior secured credit facility.

The credit facility consists of a $1.4 billion revolver due 2023;
and a $750 million term loan A due 2023; and a $1.08 billion term
loan B due 2025. The proposed revolver commitment is $350 million
higher than the company's existing $1.050 billion revolver, and the
proposed term loan A facility combines the company's existing two
tranches of term loan A debt into one tranche. In addition, the
refinancing transaction pushes out maturity dates for the revolver,
the term loan A and the term loan B. The company will use the
proceeds of the new facilities to refinance its existing secured
facilities.

S&P said, "The '1' recovery rating reflects our expectation for
very high recovery (90% to 100%; rounded estimate: 95%) for lenders
in the event of a payment default. In addition, we lowered the
issue-level rating to 'B' from 'B+' on the company's senior
unsecured debt (consisting of three series including $450 million
of notes due April 2019, $550 million of notes due December 2021,
and $500 million of notes due 2023). We revised the recovery rating
on the company's unsecured debt to '6' from '5'. The '6' recovery
rating reflects our expectation for negligible recovery (0% to 10%;
rounded estimate: 5%) for lenders in the event of a payment
default. We took these rating actions on this debt because the
incremental revolver commitment adds secured debt in the capital
structure under our hypothetical default assumptions and impairs
recovery prospects for unsecured lenders."

S&P's 'BB-' corporate credit rating on Realogy is unchanged. The
rating outlook is stable.

RECOVERY ANALYSIS

Key analytical factors

S&P said, "Our recovery rating on Realogy's senior secured credit
facility is '1' and our recovery rating on the senior unsecured
notes is '6'.

"Our simulated default scenario contemplates a payment default in
2022 because of a substantial decline in cash flow from a depressed
U.S. residential real estate market.

"We assume reorganization follow default, using a multiple of 6.5x
emergence EBITDA to value the company."

Simplified waterfall

-- Emergence EBITDA: $496 mil.
-- Multiple: 6.5x
-- Gross recovery value: $3.2 bil.
-- Net recovery value for waterfall after admin expenses (5%):
$3.1 billion
-- Obligor/nonobligor valuation split: 100%/0%
-- Estimated secured debt: $2.96 billion
-- Value available for first-lien claims: $3.1 bil.
    —Recovery expectation: 90%-100% (rounded estimate: 95%)
-- Estimated senior unsecured notes claim: $1.53 billion
-- Value available for unsecured claims: $108 mil.
    -- Recovery expectation: 0%-10% (rounded estimate: 5%)

Note: All debt amounts include six months of prepetition interest.

RATINGS LIST

  Realogy Group LLC
   Corporate Credit Rating             BB-/Stable/--

  New Rating

  Realogy Group LLC
   Senior Secured
    $1.4 bil. revolver due 2023        BB+
     Recovery Rating                   1(95%)
    $750 mil. term loan A due 2023     BB+
     Recovery Rating                   1(95%)
    $1.08 bil. term loan B due 2025    BB+
     Recovery Rating                   1(95%)

  Issue-Level Ratings Lowered; Recovery Ratings Revised
                                       To             From
  Realogy Group LLC
  Realogy Co-Issuer Corp.
   Senior Unsecured                    B              B+
    Recovery Rating                    6(5%)          5(20%)


REBECCA SHIRLEY: Sale of Crittenden Real & Personal Property Okayed
-------------------------------------------------------------------
Judge Phyllis M. Jones of the U.S. Bankruptcy Court for the Eastern
District of Arkansas authorized Rebecca Ann Shirley's sale of
tracts of real property and personal property located in Crittenden
County, Arkansas free and clear of liens, claims and encumbrances.

Before any sale of the real and personal property listed in the
Motion, however, the DIP must provide written notice to Regions
Bank and Greenpoint Ag, LLC to its attorney of record of (1) the
terms and conditions of the sale, and (2) the proposed disposition
of the proceeds of the sale including administrative expenses and
secured creditor lien holders.  Such written notice must be
provided to Regions Bank and Greenpoint at least 14 calendar days
before the proposed sale.

Upon receipt of notice, Regions Bank and Greenpoint will have seven
calendar days in which to approve or disapprove, in writing, of the
proposed sale.  If neither creditor responds within seven calendar
days after receiving notice, then both creditors will be considered
to have approved the proposed sale.

If either Regions Bank or Greenpoint disapproves of the proposed
sale in writing within seven calendar days after receiving notice,
then the DIP must request a hearing and obtain the Court's approval
before she will be allowed to proceed with the proposed sale.

Rebecca Ann Shirley sought Chapter 11 protection (Bankr. E.D. Ark.
Case No. 17-15993) on Nov. 6, 2017.  The Debtor tapped Warren E.
Dupwe, Esq., at Warren E. Dupwe, P.A., as counsel.


REBUILTCARS CORP: To Pay First Home Bank $1,735 Monthly
-------------------------------------------------------
Rebuiltcars Corporation filed with the U.S. Bankruptcy Court for
the Northern District of Illinois an amended disclosure statement
in conjunction with their amended plan of reorganization.

The amended plan provides that Class 1 claimants together include
each Allowed Secured Claim held by a Creditor that the debtor was
not current and in default with on the Petition date (Subject to
Objections to the Relevant Proof of Claims) that is secured by one
or more of the Debtor's Assets and is not disputed, contingent or
unliquidated and allowed as of the effective date.

Class 1A is the Secured Claim of First Home Bank, which holds a
perfected security interest on assets of the Debtor in the amount
of $274,551.23. The Debtor will be given credit for all adequate
protection payments pursuant to the Cash Collateral Order. First
Home Bank also holds an unsecured non-priority claim in the amount
of $61,000. Commencing 30 days after the effective date, the Debtor
will make monthly payments on the fifteenth day of each month to
First Home Bank directly in the amount of $1,735.01 per month until
the secured claim is paid in full.

A copy of the Amended Disclosure Statement is available for free
at:

     http://bankrupt.com/misc/ilnb17-11811-63.pdf

                  About Rebuiltcars Corp

Rebuiltcars Corporation filed a Chapter 11 petition (Bankr. N.D.
Ill. Case No. 17-11811) on April 14, 2017.  The petition was signed
by Mindaugas Kazakevicius, president.  The Debtor estimated $50,000
to $100,000 in assets and $500,000 to $1 million in liabilities.
The case is assigned to Judge Timothy A. Barnes.  The Debtor is
represented by Paul M. Bach, Esq., at the Bach Law Offices.


ROBERT MATTHEWS: Sale of 1999 Jaguar XJ8 for Salvage Value Okayed
-----------------------------------------------------------------
Judge Paul G. Hyman, Jr. of the U.S. Bankruptcy Court for the
Southern District of Florida authorized Robert Matthews' sale of
1999 Jaguar XJ8, VIN SAJHX1047XC853951, for salvage value.  A
hearing on the Motion was held on Jan. 3, 2018.

Robert Matthews sought Chapter 11 protection (Bankr. S.D. Fla. Case
No. 16-23426) on Nov. 6, 2017.  The Debtor tapped Christian
Panagakos, Esq., as counsel.


ROCKY MOUNTAIN: Amends 250 Million Shares Resale Prospectus
-----------------------------------------------------------
Rocky Mountain High Brands, Inc., filed with the Securities and
Exchange Commission an amended Form S-1 registration statement
relating to the resale of up to 250,000,000 shares of its common
stock to be offered by the selling stockholder, GHS Investments,
LLC.  These 250,000,000 shares of common stock consist of up to
250,000,000 shares of common stock issuable to GHS under the terms
of an Equity Financing Agreement dated Oct. 12, 2017.
  
The Company's registration of the shares of common stock covered by
this prospectus does not mean that the selling stockholder will
offer or sell any of those shares of common stock.  The selling
stockholder may sell the shares of common stock covered by this
prospectus in a number of different ways and at varying prices. The
Company will not receive any of the proceeds from the sale of
common stock by the selling stockholders.

The Company will bear all costs, expenses and fees in connection
with the registration of the common stock.  The selling stockholder
will bear all commissions and discounts, if any, attributable to
its sales of the Company's common stock.

Rocky Mountain's common stock is quoted on the OTCQB tier of the
electronic over-the-counter marketplace operated by OTC Markets
Group, Inc.  On Oct. 31, 2017, the last reported sales price for
the Company's common stock was $0.02 per share.

A full-text copy of the Form S-1/A is available for free at:

                     https://is.gd/lZqL4E

                      About Rocky Mountain

Dallas, Texas-based Rocky Mountain High Brands, Inc. (OTCMKTS:RMHB)
is a consumer goods brand development company specializing in
developing, manufacturing, marketing, and distributing hemp-infused
food and beverage products and spring water.  The Company currently
markets a lineup of five hemp-infused beverages.  RMHB is also
researching the development of a lineup of products containing
Cannabidiol (CBD).  The Company's intention is to be on the cutting
edge of the use of CBD in consumer products while complying with
all state and federal laws and regulations.

Rocky Mountain reported a net loss of $9.27 million for the year
ended June 30, 2017, following net income of $2.32 million for the
year ended June 30, 2016.  As of Sept. 30, 2017, Rocky Mountain had
$1.04 million in total assets, $7.49 million in total liabilities,
all current, and a total shareholders' deficit of $6.44 million.

Paritz & Company, P.A., in Hackensack, New Jersey, issued a "going
concern" qualification in its report on the consolidated financial
statements for the year ended June 30, 2017, noting that the
Company has a shareholders' deficit of $7.304 million, an
accumulated deficit of $26.15 million at June 30, 2017, and has
generated operating losses since inception.  These factors, among
others, raise substantial doubt about the ability of the Company to
continue as a going concern.


ROSENBAUM FARM: Needs More Time for Third-Party Plan Discussions
----------------------------------------------------------------
Rosenbaum Feeder Cattle, LLC, and Rosenbaum Farm, LLC, ask the U.S.
Bankruptcy Court for the Western District of Virginia to extend the
(a) exclusive period in which to file a Chapter 11 Plan for 47 days
from January 12, 2018, through February 28, 2018 and (b) period
during which Debtors have the exclusive right to solicit
acceptances on such a plan for 45 days from March 13, 2018 through
April 27, 2018.

The Debtors seek these extensions to allow time for the Debtors,
their estates and their creditors to pursue an orderly plan
process. While the amount of assets and liabilities in this case is
not immense, the Debtors assert that they operate an agricultural
operation which has required them to address unique issues.

The Debtors tell the Court that the primarily purpose of the
requested Exclusivity Extension is to continue discussions with
third-party lenders and with the Debtors' secured lender, Farm
Credit of the Virginias, ACA regarding additional financing to
support a plan of reorganization.

The Debtors tell the Court that Farm Credit has promised a formal
response to the Debtors' most recent proposal.  Accordingly, the
Debtors assert that additional time would allow the Debtors to
review this response once it is submitted and would allow the
parties to continue their efforts to reach a consensual plan. The
additional time would also allow the Debtors to address in their
plan any concerns raised by Farm  Credit and to incorporate any
developments into their plan of reorganization.

The Debtors assert that they are not seeking this extension to
delay the process for some speculative event or to pressure
creditors to accede to a plan that is unsatisfactory to them.
Indeed, the Debtors claim that they are pursuing reorganization in
an effort to maximize the recovery to its creditor, and the Debtors
are seeking to propose a plan of reorganization that provides a
clear path out of bankruptcy.

           About Rosenbaum Farm and Rosenbaum Feeder

Rosenbaum Farm, LLC and Rosenbaum Feeder Cattle, LLC own a hog
feedlot facility at 36000 Allison Lane, Glade Spring, Virginia.
William McCann Rosenbaum and William Todd Rosenbaum, who are father
and son respectively. William and Todd Rosenbaum are the sole
owners of Rosenbaum Farm. The Farm has been in the Rosenbaum family
for four generations.

The Debtors sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. W.D. Va. Case Nos. 17-70962 and 17-70963) on July 20,
2017.  William Todd Rosenbaum, its secretary and treasurer, signed
the petitions.  The Debtors' cases were consolidated for procedural
purposes on Aug. 17, 2017.

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

Judge Paul M. Black presides over the cases.  

The Debtors hired Stoll Keenon Ogden PLLC as bankruptcy counsel,
and Browning, Lamie & Gifford, P.C., as local counsel.  The Debtors
hired Hicok, Fern & Company CPAs as their accountant and financial
advisor.


SEARS HOLDINGS: Fairholme Has 17.4% Stake as of Jan. 11
-------------------------------------------------------
Fairholme Capital Management, L.L.C. reported to the Securities and
Exchange Commission that as of Jan. 11, 2018, it beneficially owns
18,705,269 common shares, $.01 par value, of Sears Holdings
Corporation, constituting 17.4 percent of the shares outstanding.

Bruce R. Berkowitz beneficially owns 18,705,269 Common Shares of
Sears Holdings, of which 10,755,991 are owned by The Fairholme Fund
and 1,425,398 are owned by The Fairholme Allocation Fund, each a
series of Fairholme Funds, Inc.  Because Mr. Berkowitz, in his
capacity as the controlling person of the sole member of FCM or as
president of Fairholme Funds, Inc., has voting or dispositive power
over all shares beneficially owned by FCM, he is deemed to have
beneficial ownership of all those shares.   Mr. Berkowitz
additionally beneficially owns 2,587,632 Common Shares of Sears
Holding Corporation in his individual capacity.

While the advisory relationship causes attribution to Mr.
Berkowitz, Fairholme Funds, Inc. or FCM of certain indicia of
beneficial ownership for the limited purpose of this Schedule 13G,
Mr. Berkowitz, Fairholme Funds, Inc. and FCM disclaim ownership of
these shares for purposes of interpretations under the Internal
Revenue Code of 1986, as amended, or for any other purpose, except
to the extent of their pecuniary interest.

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

                      https://is.gd/XfWeeG
  
                      About Sears Holdings

Based in Hoffman Estates, Illinois, Sears Holdings Corporation
(NASDAQ: SHLD) -- http://www.searsholdings.com/-- is an integrated
retailer focused on seamlessly connecting the digital and physical
shopping experiences to serve its members.  Sears Holdings is home
to Shop Your Way, a social shopping platform offering members
rewards for shopping at Sears and Kmart, as well as with other
retail partners across categories important to them.  The Company
operates through its subsidiaries, including Sears, Roebuck and Co.
and Kmart Corporation, with full-line and specialty retail stores
across the United States.

Sears Holdings reported a net loss of $2.22 billion on $22.13
billion of revenues for the fiscal year 2016, compared to a net
loss of $1.12 billion on $25.14 billion of revenues for the fiscal
year 2015.

As of Oct. 28, 2017, Sears Holdings had $8.19 billion in total
assets, $12.20 billion in total liabilities and a total deficit of
$4 billion.

                          *     *     *

In January 2017, Fitch Ratings affirmed the Long-term Issuer
Default Ratings on Sears Holdings and its various subsidiary
entities at 'CC'.

In November 2017, S&P Global Ratings lowered its corporate credit
rating on Sears Holdings to 'CCC' from 'CCC+'.  The outlook is
negative.  "The downgrade reflects our view that addressing 2018
maturities over upcoming quarters will determine if the company can
continue its turnaround plan without seeking a broader
restructuring," S&P said.

In November 2017, Moody's Investors Service downgraded Sears
Holdings Corp.'s Corporate Family Rating to 'Caa3' from 'Caa2'.
Sears' Caa3 rating reflects the company's sizable operating losses
- Domestic Adjusted EBITDA was an estimated loss of approximately
$625 million for the LTM period ending Oct. 28, 2017.


SEARS HOLDINGS: S&P Cuts CCR to 'CCC-' on Debt Restructuring
------------------------------------------------------------
S&P Global Ratings lowered its corporate credit rating on Sears
Holdings Corp. to 'CCC-' from 'CCC'. The outlook is negative. At
the same time, we lowered the issue-level ratings in line with the
corporate credit rating.

The downgrade follows Sears announcement that it is in discussions
with its lenders regarding potential transactions that would modify
the agreement terms of more than $1 billion of its non-first-lien
debt. The company is seeking to enhance liquidity and strengthen
the balance sheet, and the potential transactions would include
reducing cash interest payment and extending on some of its debt
maturities. S&P said, "If completed, we would likely view these
loan modifications as distressed and tantamount to a selective
default because the lenders could receive less than par value
and/or less than the original promise on the current debt. Our
negative outlook on Sears reflects the possibility that the company
could execute a distressed debt transaction in the next 12 months.
We would lower the corporate credit rating and relevant issue-level
ratings if the company reaches an agreement with its lenders and
announces a restructuring transaction."

Although unlikely, S&P could consider raising the rating if it
believes a distressed debt transaction is unlikely over the next 12
months, operating performance recovers and is maintained, and
liquidity seems sufficient for 2018 and beyond, including prospects
for a refinancing of near term maturities at par.


SEASTAR HOLDINGS: Jan. 23 Meeting Set to Form Creditors' Panel
--------------------------------------------------------------
William K. Harrington, United States Trustee for Region 3, will
hold an organizational meeting on Jan. 23, 2018, at 10:00 a.m. in
the bankruptcy case of SeaStar Holdings, Inc.

The meeting will be held at:

               The Sheraton Suites Wilmington Downtown
               422 Delaware Avenue
               Wilmington, DE 19801

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

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

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

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

                     About SeaStar Holdings

Based in Puerto Rico, SeaStar Holdings, Inc., dba Seaborn Airlines,
serves local passengers within the Caribbean and connecting traffic
to numerous locations within or outside the United States through
code share or interline arrangements with multiple airline
partners.  The Company's fleet consists of seven 34-seat Saab
34088s and one 15-seat Twin Otter Seaplane.  The majority of the
Company's inter-island flights are via the Saab fleet.  The
Seaplane serves as the primary air transportation between St. Croix
and St. Thomas in the U.S. Virgin Islands.

SeaStar Holdings, Inc., along with affiliates Seaborne Virgin
Islands, Inc., and Seaborne Puerto Rico, LLC, sought Chapter 11
protection (Bankr. D. Del. Lead Case No. 18-10039) on Jan. 8,
2018.


The Hon. Christopher S. Sontchi is the case judge.

SeaStar Holdings estimated assets of $1 million to $10 million and
debt of $10 million to $50 million as of the bankruptcy filing.

Adam G. Landis, Esq., Kerri K. Mumford, Esq., and Travis J.
Ferguson, Esq., at Landis Rath & Cobb LLP, serve as the Debtors'
bankruptcy counsel.  Sonoran Capital Advisors LLC is the Debtors'
restructuring advisor.  Stinson Leonard Street LLP is the special
regulatory counsel.  Seabury Corporate Advisors LLC is the
investment banker.  Rust Consulting/Omni Bankruptcy is the claims
and noticing agent.


SENIOR CARE GROUP: U.S. Trustee Directed to Appoint PCO in 4 Cases
------------------------------------------------------------------
Judge Catherine Peek McEwen of the U.S. Bankruptcy Court for the
Middle District of Florida issued an order directing the U.S.
Trustee to appoint a patient care ombudsman in the cases of SCG
Madill Brookside, LLC; SCG Durant Four Seasons, LLC; SCG Lake
Country, LLC; SCG Oak Ridge, LLC or the PCO Debtors.

The PCO Debtors are "health care businesses" within the meaning of
11 U.S.C. section 101(27A) and are therefore subject to the
provisions of 11 U.S.C. section 333.

SCG Red River, LLC and SCG Red River Management, LLC are not a
healthcare business and are therefore not subject to the provisions
of 11 U.S.C. section 333.

The U.S. Trustee must appoint a patient care ombudsman over the PCO
Debtors in order to monitor the quality of patient and resident
care and to represent the interests of the PCO Debtors' patients
and residents.

The PCO must prepare a report regarding the quality of patient and
resident care for the PCO Debtors and must provide a copy of such
Report to counsel for Debtors, the Committee, and the U.S.
Trustee.

The PCO must maintain all patient and resident care records in a
secure manner in accordance with the requirements of the Health
Insurance Portability and Accountability Act and all other
applicable non-bankruptcy law relating to patient privacy.

Absent further order of the Court, the PCO must remain in that
position for each of the PCO Debtors until the earlier of: a)
confirmation of plan for the PCO Debtors; or b) the sale of an
individual PCO Debtor's healthcare business operation.

                         About Senior Care Group

Senior Care Group, Inc., is a non-profit corporation which, through
its wholly-owned subsidiaries, provides residents and patients with
nursing and long-term health care services.

Senior Care Group and its six affiliates sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. M.D. Fla. Lead Case No.
17-06562) on July 27, 2017.  David R. Vaughan, its chairman of the
Board, signed the petitions.

At the time of the filing, Senior Care Group estimated assets and
liabilities of $1 million to $10 million.

Judge Catherine Peek Mcewen presides over the cases.

Stichter Riedel Blain & Postler, P.A., is the Debtors' bankruptcy
counsel.  The Debtors hired Akerman LLP as their special healthcare
counsel.

The U.S. Trustee for Region 21 appointed Mary L. Peebles as the
patient care ombudsman for Key West Health and Rehabilitation
Center LLC, SCG Baywood LLC, SCG Gracewood LLC, and SCG
Laurellwood, LLC.

On Aug. 18, 2017, the U.S. trustee appointed an official committee
of unsecured creditors.  The committee hired Stevens & Lee, P.C.,
as its bankruptcy counsel; and Trenam, Kemker, Scharf, Barkin,
Frye, O'Neill & Mullis, P.A., as co-counsel.  On Aug. 17, 2017, the
Debtors retained Holliday Fenoglio Fowler, LP, as broker.


SENTINEL MANAGEMENT: MBF Bid to Dismiss Clawback Suit Junked
------------------------------------------------------------
In the case captioned FREDERICK J. GREDE, not individually but as
Liquidation Trustee for the Sentinel Liquidation Trust, Plaintiff,
v. MBF CLEARING CORPORATION, Defendant, No. 09 C 5214, (N.D. Ill.),
District Judge Rebecca R. Pallmeyer denied MBF's motion to dismiss
the amended complaint filed by the Liquidation Trustee.

MBF is a Delaware corporation with its principal place of business
in New York City. MBF had been investing with Sentinel Management
Group, Inc. since 2003. Between August 7 and August 9, 2007 -- the
eve of Sentinel's bankruptcy -- MBF withdrew all of its funds from
Sentinel. Plaintiff Grede, the Liquidation Trustee for the Sentinel
Liquidation trust, has filed a number of avoidance actions seeking
recovery of dispersed funds, including, here, the funds recovered
by MBF days before Sentinel's Chapter 11 filing.

The Trustee's original Complaint sought the return of $81.4 million
in pre-petition transfers made to MBF as an avoidable preference.
The Trustee’s Amended Complaint seeks the return of a smaller
sum, $32.7 million, under the theory that this smaller sum was an
actual fraudulent conveyance. Additionally, the Amended Complaint
seeks the return of an undisclosed amount of "false profits in the
form of purported 'interest'" that the Trustee also alleges were
fraudulently transferred to MBF just before Sentinel's bankruptcy.

MBF has moved to dismiss the Amended Complaint on two grounds.
First, MBF urges that the statute of limitations on a fraudulent
conveyance claim has expired, and asserts that the Trustee's
Amended Complaint does not "relate back" to the original, or,
alternatively, that the Trustee's amendments run afoul of the
equitable doctrine of laches. MBF's other argument for dismissal
rests on a second Seventh Circuit decision in the FCStone test
case: Grede v. FCStone, LLC, 867 F.3d 767. Based on the holding in
FCStone II, MBF claims that the Trustee is collaterally estopped
from arguing that the funds returned to MBF were a part of the
bankrupt estate -- a necessary component of a fraudulent transfer
action.

Under the relevant provisions of the Bankruptcy Code, an action to
recover fraudulent transfers must be filed within two years of the
commencement of a voluntary case. As Sentinel filed for bankruptcy
on August 17, 2007, and the Trustee did not amend his Complaint to
include the fraudulent transfer allegations until June of this
year, that window is long since closed. Accordingly, the critical
issue in this proceeding regards whether the present allegations
"relate back" to the original complaint in order to avoid the
Code's statute of limitations.

An amendment "relates back" to an earlier, timely filing when it
"asserts a claim or defense that arose out of the conduct,
transaction, or occurrence set out -- or attempted to be set out --
in the original pleading." "In general, relation back is permitted
. . . where an amended complaint asserts a new claim on the basis
of the same core of facts, but involving a different substantive
legal theory than that advanced in the original pleading." The
Seventh Circuit has long instructed that "amendments pursuant to
Rule 15(c) should be freely allowed." The critical inquiry under
Rule 15(c) "is whether the original pleading afforded the defendant
sufficient notice of what he must defend against."

The Trustee's Amended Complaint easily meets that standard. The
Amended Complaint not only covers the same "common core of
operative facts," it challenges the exact same transfers described
in the original complaint. Different claims for relief arising from
the same "transactions" clearly fit within the scope of Rule 15(c).
The Defendant argues that "an amendment cannot relate back if
different facts are essential to reach that result." This is a
correct statement of the law, but inapplicable to this dispute. The
case law does not require an exact match. In fact, plaintiffs are
free to "supplement [ ] the legal theory and facts" in an amended
complaint provided those additions arise from the original
complaint.

The defendant may be understandably annoyed that this case is still
alive after eight years, but the mere fact of delay is not
dispositive under Rule 15(c)(1)(B). The facts alleged in the
original Complaint were more than sufficient to put MBF on notice
that the Trustee may later seek to recover the same transfers under
a different legal theory.

A full-text copy of the Court's Jan. 5, 2018 Memorandum and Order
is available at https://is.gd/jpMypv from Leagle.com.

Frederick J. Grede, Liquidation Trustee, not individually but as
Liquidation Trustee and Representative of the Estate of Sentinel
Management Group, Inc., Plaintiff, represented by Catherine L.
Steege -- csteege@jenner.com -- Jenner & Block LLP, Chris C. Gair
-- cgair@gairlawgroup.com -- Gair Law Group Ltd., Angela M. Allen
-- aallen@jenner.com -- Jenner & Block LLP, Jeffrey Scott Eberhard
-- jeberhard@gairlawgroup.com -- Gair Law Group Ltd. & Vincent E.
Lazar -- vlazar@jenner.com -- Jenner & Block LLP.

MBF Clearing Corporation, Defendant, represented by Eric Neal Macey
-- emacey@novackmacey.com -- Novack and Macey, LLP, Julie Ann
Johnston-Ahlen -- jja@novackmacey.com -- Novack and Macey, LLP,
Melvin A. Brosterman -- mbrosterman@stroock.com -- Stroock &
Stroock & Lavan LLP, pro hac vice, Meredith L. Strauss, Stroock &
Stroock & Lavan LLP, pro hac vice, Olivia St. Clair Long, Novack
And Macey LLP & Quinlan D. Murphy, Stroock & Stroock & Lavan LLP,
pro hac vice.

                 About Sentinel Management

Based in Northbrook, Illinois, Sentinel Management Group Inc. --
http://www.sentinelmgi.com/-- was a full service firm offering a
variety of security solutions.  The Company filed a voluntary
Chapter 11 petition (Bankr. N.D. Ill. Case No. 07-14987) on Aug.
17, 2007.  Ronald Barliant, Esq., Randall Klein, Esq., and Kathryn
A. Pamenter, Esq., at Goldberg, Kohn, Bell & Black Rosenbloom &
Moritz, Ltd., represented the Debtor.  Lawyers at Quinn, Emanuel
Urquhart Oliver & Hedges, LLP, represented the Official Committee
of Unsecured Creditors.  When the Debtor sought bankruptcy
protection, it estimated assets and debts of more than $100
million.

On Aug. 28, 2007, the Court approved Frederick Grede as the
Debtor's Chapter 11 Trustee.  Marc I. Fenton, Esq., at DLA Piper US
LLP, and Vincent E. Lazar, Esq., at Jenner & Block LLP, represent
the Chapter 11 Trustee.

The Court confirmed the Fourth Amended Chapter 11 Plan of
Liquidation for Sentinel on Dec. 15, 2008, which created a
Liquidation Trust.  The Plan became effective Dec. 17, 2008, and
Mr. Grede was appointed Liquidation Trustee.


SOLBRIGHT GROUP: Incurs $2.89 Million Net Loss in 2nd Quarter
-------------------------------------------------------------
Solbright Group, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q reporting a net loss
of $2.89 million on $3.29 million of net sales for the three months
ended Nov. 30, 2017, compared to a net loss of $509,151 on $389,676
of net sales for the three months ended Nov. 30, 2016.

For the six months ended Nov. 30, 2017, the Company reported a net
loss of $6.70 million on $8.56 million of net sales compared to a
net loss of $796,125 on $814,163 of net sales for the six months
ended Nov. 30, 2016.

As of Nov. 30, 2017, Solbright had $18.23 million in total assets,
$9.84 million in total liabilities and $8.38 million in total
stockholders' equity.

As of Nov. 30, 2017, the Company had cash on hand of $22,300 and a
working capital deficiency of $5,158,945, as compared to cash on
hand of $469,845 and a working capital deficiency of $1,392,329 as
of May 31, 2017.  The increase in working capital deficiency is
mainly due to an increase in accounts payable and accrued expenses,
as well an increase in short-term convertible debt balances as a
result of the amortization of debt discounts during the three
months ended Nov. 30, 2017.

"The Company has accumulated losses from inception through the
period ended November 30, 2017 of approximately $53 million, as
well as negative cash flows from operating activities.  Presently,
the Company does not have sufficient cash resources to meet its
debt obligations in the twelve months following its fiscal year end
of May 31, 2017.  These factors raise substantial doubt about the
Company's ability to continue as a going concern.  Management is in
the process of evaluating various financing alternatives in order
to finance the capital requirements of SES, as well as the needs of
its existing Arkados subsidiary and general and administrative
expenses.  These alternatives include raising funds through public
or private equity markets and either through institutional or
retail investors.  Although there is no assurance that the Company
will be successful with its fund-raising initiatives, management
believes that the Company will be able to secure the necessary
financing as a result of ongoing financing discussions with third
party investors and existing shareholders," as disclosed in the
Form 10-Q.

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

                      https://is.gd/rxSkmW

                     About Solbright Group

Formerly known as Arkados Group, Inc., Solbright Group, Inc. --
http://www.arkadosgroup.com/-- is an industrial automation and
energy management company providing Industrial Internet of Things
(IoT) solutions that help commercial and industrial facilities
increase efficiency and reduce cost.  Headquartered in Newark, New
Jersey, the Company delivers technology solutions for building and
machine automation and energy conservation that  complement its
energy conservation services such as LED lighting retrofits, HVAC
system retrofits and solar engineering, procurement and
construction services.  The company's focus is towards the
development and commercialization of an Internet of Things software
platform that supports Big Data applications that complement its
energy management services.

On Oct. 30, 2017, Arkados Group filed its Certificate of Amendment
of the Certificate of Incorporation with the Secretary of State of
the State of Delaware changing the name of the Company to
"Solbright Group, Inc."  The holders of a majority of the votes
entitled to be cast by all the Company's outstanding shares adopted
resolutions by written consent, in lieu of a meeting of
stockholders, to amend the Company's Certificate of Incorporation
to change its name to Solbright Group, Inc. to better reflect the
business of the Company.  On Nov. 3, 2017, the Company received
notification from FINRA that as of Nov. 6, 2017, the new symbol of
the Company will be "SBRT".

The report from the Company's independent registered public
accounting firm for the year ended May 31, 2017, includes an
explanatory paragraph stating that the Company has incurred
recurring operating losses and will have to obtain additional
capital to sustain operations.  RBSM LLP, in New York, said these
conditions raise substantial doubt about the Company's ability to
continue as a going concern.

Arkados incurred a net loss of $3.34 million for the year ended May
31, 2017, following a net loss of $3.11 million for the year ended
May 31, 2016.


SOLID LANDINGS: Feb. 28 Hearing on Joint Liquidation Plan
---------------------------------------------------------
Judge Catherine Bauer of the U.S. Bankruptcy Court for the Central
District of California approved the disclosure statement describing
the proposed joint plan of liquidation filed by Solid Landings
Behavioral Health, Inc., and Its Affiliated Debtors, and the Joint
Committee of Creditors Holding Unsecured Claims in Solid Landings
Behavioral Health, Inc., EMS Toxicology, and Sure Haven, Inc.,
dated Nov. 1, 2017.

Dec. 19, 2017, is fixed as the last day for the service of the
Disclosure Statement, the Plan, the notice of hearing on the
confirmation of the Plan, and the ballots with respect to
acceptance or rejection of the Plan.

Jan. 19, 2018, at 5:00 p.m. (prevailing Pacific time) is the last
day and time for creditors entitled to vote on the Plan to return
to the Committee’s counsel a ballot to accept or reject the
Plan.

Feb. 14, 2018, is the last day for creditors or other
parties-in-interest to file and serve an objection to the
confirmation of the Plan.

Feb. 28, 2018 at 10:00 a.m. is fixed as the date and time for the
hearing on the confirmation of the Joint Plan of Liquidation dated
November 1, 2017.

         About Solid Landings Behavioral Health, Inc.

Solid Landings Behavioral Health, Inc., and four affiliates sought
Chapter 11 protection (Bankr. C.D. Cal. Lead Case No. 17-12213) on
June 1, 2017, with a deal to sell substantially all assets to
Alpine Pacific Capital, LLC, for $9.05 million, subject to
overbid.

The Debtors are providers of individualized 12-step and alternative
treatment programs for people suffering from substance abuse and
mental health disorders, with facilities located in California,
Nevada, and Texas. The "Solid Landings" brand was created in 2009,
when the Debtors' shareholders opened their first sober living
residence in Costa Mesa, California, which residence was operated
by Sure Haven.

The debtor-affiliates are Cedar Creek Recovery, Inc., EMS
Toxicology, Silver Rock Recovery and Sure Haven, Inc.

Katie S. Goodman, the chief restructuring officer, signed the
petitions.

The Debtors disclosed $63,070 in assets and $10.87 million in
liabilities as of the Petition Date.

Judge Catherine E. Bauer presides over the case.

The Debtors hired Levene, Neale, Bender, Yoo & Brill LLP as their
bankruptcy counsel.

Peter C. Anderson, U.S. Trustee for the Central District of
California, on July 13 appointed four creditors to serve on the
official committee of unsecured creditors in the Chapter 11 case of
Solid Landings Behavioral Health, Inc.

The Committee is represented by Michael I. Gottfried, Esq., and
Roye Zur, Esq., at Landau Gottfried & Berger LLP, in Los Angeles,
California.


SOUTHWORTH CO: Expedited Sale of Agawam Property Okayed
-------------------------------------------------------
Judge Elizabeth D. Katz of the U.S. Bankruptcy Court for the
District of Massachusetts authorized Southworth Co.'s request for
an expedited determination of its proposed sale of the real estate
located at 265 Main Street, Agawam, Massachusetts, together with
tangible and intangible personal property located at, and used in
the operation of, the Debtor's Agawam plant to PCT Realty Ventures,
LLC for $1,880,000, subject to higher and better offers.

A hearing on the Motion is set for Jan. 18, 2018 at 1:00 p.m.  The
objection deadline is Jan. 18, 2018 at 9:00 a.m.

The Debtor is ordered to provide a copy of the Motion and the
Notice of Intended Public Sale to the U.S. Trustee, any creditor
claiming an interest in the Property and their counsel, and the
counsel to the creditors' committee.  The service of all non-ECF
participants must be made by telephone, fax, and/or e-mail.

The Debtor is ordered to file a certificate of said service on Jan.
16, 2018 at 12:00 p.m.

                     About Southworth Company

Southworth Company is a privately owned Massachusetts Corporation
organized in 1839 and headquartered in Agawam, Massachusetts.  In
2006, Southworth acquired the Esleeck Paper Company in Turners
Falls where it operates as Turners Falls Paper Company.  The
Madison Park Group, a greeting card and gift company based in
Seattle, Washington, was acquired in 2012 and operates as a
division of Southworth.

Southworth has recently employed approximately 100 employees and
has been engaged in the manufacture of specialty papers for baking
and health care applications, envelopes and office paper, as well
as greeting cards and gifts.

Southworth Company filed a Chapter 11 petition (Bankr. D. Mass.
Case No. 17-30817) on Sept. 27, 2017.  The petition was signed by
John S. Leness, its president.  At the time of filing, the Debtor
estimated $1 million to $10 million in assets and $10 million to
$50 million in liabilities.

Judge Elizabeth D. Katz presides over the case.

Joseph B. Collins, Esq., at Hendel & Collins P.C., in Springfield,
Massachusetts, serves as bankruptcy counsel to the Debtor.  The
Debtor hired Doherty, Wallace, Pillsbury & Murphy P.C. as its
special counsel.  The official committee of
unsecured creditors formed in the case retained Shatz, Schwartz and
Fentin, P.C. as its bankruptcy counsel.


SOUTHWORTH CO: Mohawk Fine Buying Two Die Cutters for $150K
-----------------------------------------------------------
Southworth Co. filed a notice with the U.S. Bankruptcy Court for
the District of Massachusetts of its proposed sale of two die
cutters and related personal property to Mohawk Fine Papers, Inc.,
for $150,000.

A hearing on the Motion, objections or higher offers is set for
Feb. 15, 2016 at 11:00 a.m.  The objection deadline is Feb. 9,
2018, at 4:30 p.m.

The validity of the Debtor's title to the Die Cutters has been
challenged by Web Die Cutters Etc., Inc., the Corporation that
delivered the Die Cutters to the Debtor's place of business.  To
resolve that controversy, the Motion proposes to pay Web Die
Cutters one-third of the proceeds from any sale of the Die Cutters
in consideration for its release of any claim of ownership of the
Die Cutters.

The Debtor and the Buyer have entered into Equipment Purchase
Agreement dated Jan. 10, 2018 for the sale and purchase of the
equipment for $150,000, payable in cash.  The Die Cutters will be
sold free and clear of all liens, claims, and encumbrances. Any
perfected, enforceable, valid liens will attach to the proceeds of
the sale according to the priorities established under applicable
law and the terms of the Equipment Purchase Agreement.

If the Motion is allowed and a waiver of the stay set forth in MLBR
6004(h) is approved by the Court, the sale may take place within
five business days following the entry of the Bankruptcy Court
Order approving the Motion, unless a later date is agreed to by the
parties.

If a waiver of the stay set forth in MLBR 6004(h) is not approved
by the Court, the sale may take place within five business days
following the termination of the MLBR 6004(h) stay, unless a later
date is agreed to by the parties.

The terms of the proposed sale are more particularly described in
the Motion filed with the Court on Jan. 10, 2018 and the APA
attached thereto.  The Motion and APA are available at no charge
from the Counsel for the Debtor and have been served on all parties
receiving the Notice.

Through the Notice, higher offers for the purchase of the Die
Cutters are solicited.  Any offer must be accompanied by a cash
deposit of $7,500 made payable to "Hendel & Collins, P.C., as
attorneys for Southworth Co."  Higher offers must be on the same
terms and conditions provided in the APA, other than the deposit
and the Purchase Price.  Any higher offer must be at least $7,500
more than the Purchase Price.

The Purchaser:

          MOHAWK FINE PAPERS, INC.
          465 Saratoga Street
          Cohoes, NY

                     About Southworth Company

Southworth Company is a privately owned Massachusetts Corporation
organized in 1839 and headquartered in Agawam, Massachusetts.  In
2006, Southworth acquired the Esleeck Paper Company in Turners
Falls where it operates as Turners Falls Paper Company.  The
Madison Park Group, a greeting card and gift company based in
Seattle, Washington, was acquired in 2012 and operates as a
division of Southworth.

Southworth has recently employed approximately 100 employees and
has been engaged in the manufacture of specialty papers for baking
and health care applications, envelopes and office paper, as well
as greeting cards and gifts.

Southworth Company filed a Chapter 11 petition (Bankr. D. Mass.
Case No. 17-30817) on Sept. 27, 2017.  The petition was signed by
John S. Leness, its president.  At the time of filing, the Debtor
estimated $1 million to $10 million in assets and $10 million to
$50 million in liabilities.

Judge Elizabeth D. Katz presides over the case.

Joseph B. Collins, Esq., at Hendel & Collins P.C., in Springfield,
Massachusetts, serves as counsel to the Debtor.   Doherty, Wallace,
Pillsbury & Murphy P.C. is the Debtor's special counsel.

The Office of the U.S. Trustee appointed an official committee of
unsecured creditors.  The Committee retained Shatz, Schwartz and
Fentin, P.C. as its bankruptcy counsel.


SPECTRUM HEALTHCARE: PCO Reports Fluctuating Census at Derby
------------------------------------------------------------
Nancy Shaffer, the patient care ombudsman for Spectrum Health Care
LLC and affiliates, filed with the U.S. Bankruptcy Court for the
District of Connecticut a report regarding the quality of patient
care provided by Spectrum Healthcare Derby, LLC, Spectrum
Healthcare Hartford, and Spectrum Healthcare Manchester to their
residents.

The PCO reports that the census at Spectrum Derby was 102/120 at
last visit on Dec. 8, 2017. The census has fluctuated over time,
dropping as low as 96 in July 2017, and increasing to a high of 117
in March 2017 (this high due in large part to temporary care of
resident evacuees from another Connecticut nursing home).

In late October 2017, a new full-time nursing home administrator
was employed, Mr. Doug Melanson. Mr. Melanson was previously the
administrator of the Spectrum Hartford home so is familiar with
corporate policies and procedures. Some other staff changes include
the new Director of Nursing Services, Ms. Dee Dee Norris, who was
formerly this home's Assistant Director of Nursing.

The Hartford home, Park Place, remains in receivership under Mr.
Jonathan Nagle. There is a new administrator since the last report
to the Court as well as a new social worker. All other major staff
members remain in place.

The census has rebounded somewhat since the receivership order. In
particular, this rebound may be the result of the wind-down and
resident transfers from another skilled nursing home in the
Hartford area. There are currently 120 individuals residing at this
home. Residents and their families remain hopeful that the facility
will be purchased and under new ownership soon so that they do not
have to relocate.

The Spectrum home in Manchester, Connecticut is comprised of the
Crestfield skilled nursing facility with 95 licensed beds and the
Fenwood rest home with nursing supervision with 60 licensed beds.
The current census at Crestfield remains stable at 78 residents.
Fenwood has a slightly decreased census from the last sixty-day
report with 26 residents in-house. Each section of the campus
continues to present clean and well-kept. There have not been any
complaints to the Ombudsman Program during this past reporting
period.

The PCO and the Regional Ombudsmen will continue to monitor the
quality of care and services provided to the residents of this
facility and will report any changes to the Court throughout the
bankruptcy reorganization.

A full-text copy of the PCO's Report dated Jan. 2, 2018 is
available at:

     http://bankrupt.com/misc/ctb16-21635-676.pdf

                 About Spectrum Healthcare

Spectrum Healthcare LLC is a nursing home operator, owning six
nursing facilities have 716 beds and employing 725 people.

Spectrum Healthcare LLC and its affiliates previously filed Chapter
11 petitions (Bankr. D. Conn. Lead Case No. 12-22206) on Sept. 10,
2012.

Spectrum Healthcare, LLC, and its affiliates again sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Conn.
Case Nos. 16-21635 to 16-21639) on Oct. 6, 2016.  The petitions
were signed by Sean Murphy, chief financial officer.

Spectrum Healthcare, LLC, disclosed $282,369 in assets and
estimated less than $1 million in liabilities.  Affiliate Spectrum
Healthcare Derby disclosed $2,068,467 in assets and estimated less
than $10 million in debt.

The Debtors are represented by Elizabeth J. Austin, Esq., Irve J.
Goldman, Esq., and Jessica Grossarth, Esq., at Pullman & Comley,
LLC.  Blum, Shapiro & Co., P.C., serves as their accountant and
financial advisor.

William K. Harrington, the U.S. Trustee for the District of
Connecticut, appointed Nancy Shaffer, M.A., a member of the
Connecticut Long Term Care Ombudsman's Office, as the Patient Care
Ombudsman for the Debtors.


SPORTS ZONE: $900K Bid to Open Jan. 25 Auction of All Assets
------------------------------------------------------------
Judge Thomas J. Catliota of the U.S. Bankruptcy Court for the
District of Maryland authorized the bidding procedures of The
Sports Zone, Inc., and its debtor-affiliates, and their Asset
Purchase Agreement with New Legacy 900, Inc. in connection with the
sale of substantially all their assets for $900,000, subject to
overbid.

The Breakup Fee is approved and allowed as an administrative
expense of the Debtors and the Debtors' estates under Section 503
of the Bankruptcy Code.  In the event that payment of the Breakup
Fee is triggered, under the terms of the Asset Purchase Agreement
or otherwise, the Breakup Fee will be paid in the event of the Sale
of all or any part of the Acquired Assets to any party other than
the Purchaser, from the proceeds of such Sale, at the closing of
such Sale.

The Sale Notice attached to the Motion is approved.

The deadline for submitting a Qualified Bid in accordance with the
Bidding Procedures will be January 19, 2018 at 5:00 p.m. (ET).
Unless the Debtors receive an additional Qualified Bid, they will
not hold an Auction, and the Purchaser will be named the Successful
Bidder.  The Debtors will file a list of Qualified Bids on Jan. 22,
2018.

The minimum bid has value to the Debtors that is greater than or
equal to (i) the $900,000 consideration provided by the Purchaser,
plus (ii) $25,000 Breakup Fee, plus (iii) $10,000 Initial Overbid.
Bidders are required to make a good faith deposit in the amount of
$50,000.  

If the Debtors receive an additional Qualified Bid, the Debtors
will conduct the Auction on Jan. 25, 2018, at 10:00 a.m. (ET) at
the offices of McNamee, Hosea, Jernigan, Kim, Greenan & Lynch,
P.A., 6411 Ivy Lane, Suite 200, Greenbelt, Maryland, or such later
time or such other place as the Debtors will designate in a
subsequent notice to all Qualified Bidders.  Succeeding bids will
be $10,000 higher.

Nike USA, Inc. agrees that it will not credit bid at the auction.
No other creditor will be entitled to credit bid at the Auction.

Within two business days after entry of the Order, the Debtors will
serve notice of the Bid Deadline and the Auction upon all Notice
Parties.  As soon as practicable following the determination of the
Successful Bid, the Debtors will file a notice with the Court
identifying the Successful Bidder.

The Assumption and Assignment Procedures are approved.  Within five
business days after entry of the Order, the Debtors will file the
Cure Notice with the Court and serve such Cure Notice on the
non-debtor counterparties to the Designated Contracts.  The Cure
Notice is approved.  The Debtors reserve the right to amend,
modify, or supplement the Cure Notice.  Any objection to the
assumption and assignment of any Designated Contract identified on
the Cure Notice must be filed no later than 5:00 p.m. (ET) on the
date that is 14 days after the filing of the Cure Notice.

The Sale Hearing will be held on Jan. 30, 2018 at 10:00 a.m. (ET).

The Order will be effective immediately upon entry, and any stay of
orders provided for in Bankruptcy Rules 6004 or 6006 or any other
provision of the Bankruptcy Code or Bankruptcy Rules is expressly
lifted.  The Debtors are not subject to any stay in the
implementation, enforcement or realization of the relief granted in
the Order, and except as directed by the Court in the Order, may in
their discretion and without further delay take any action and
perform any act authorized under the Order.

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

   http://bankrupt.com/misc/Sports_Zone_86_Order.pdf

                      About The Sports Zone

The Sports Zone, Inc., doing business Sports Zone and Sports Zone
Elite -- https://sportszoneelite.com -- operates retail stores in
Washington, Maryland, and Virginia selling footwear, apparel and
accessories.  Based in Beltsville, Maryland, the company offers
brands like Adidas, New Balance, and The North Face.  The company
is 100% owned by Michael Syag.

Sports Zone, Inc., sought Chapter 11 protection (Bankr. D. Md. Case
No. 17-26758) on Dec. 15, 2017.  The Debtor estimated assets of
$500,000 to $1 million and debt of $1 million to $10 million.
Michael Dahan, chief executive officer, signed the petition.

On Dec. 21, 2017, its subsidiaries, The Zone 220, LLC; Sports Zone
of Hechinger, LLC; The Zone 450, LLC; The Zone 600, LLC; The Zone
620, LLC; Zone of DC USA, LLC; The Zone 700, LLC; The Zone 870,
LLC; and The Zone 999, LLC, each filed a voluntary petition for
bankruptcy relief and protection under chapter 11 of the Bankruptcy
Code.  Each of the Subsidiary Debtors is 100% of owned by The
Sports Zone.

The Debtors have sought joint administration of the Chapter 11
cases.  Judge Thomas J. Catliota is the case judge.

The Debtors tapped Justin Philip Fasano, Esq., and Janet M. Nesse,
Esq., at McNamee Hosea, as counsel.


SQUARE ONE: Xin Sheng Xie Buying Gainesville Property for $1.6M
---------------------------------------------------------------
Square One Burgers Prop Co., LLC, asks the U.S. Bankruptcy Court
for the Middle District of Florida to authorize it enter into a
commercial contract with Xin Sheng Xie in connection with the sale
of real property located at 3105 SW 34th Street, Gainesville,
Florida, together with its furniture, fixtures and restaurant
equipment, for $1,550,000.

The Debtor owns Property which is encumbered by a first mortgage
lien in favor of Steams Bank in the amount of $1,636,099.  The
Property was formerly the site of a Square 1 Burger and Bar
restaurant which is now closed.  The Restaurant was operated by
Square One Gainesville, LLC.

On Jan. 9, 2018, the Debtor received the Sale Contract from the
Purchaser which contemplates that Debtor will sell the Property to
Purchaser, together with its furniture, fixtures and restaurant
equipment, for a total purchase price of $1,550,000, free and clear
of all liens, claims, encumbrances and interests of any kind.  The
Sale Contract provides that the Purchaser will deposit $25,000 into
an escrow account upon receipt of the fully executed Sale Contract,
which will become nonrefundable after the due diligence period.  It
further provides the closing date for the purchase of the Property
will be on or before the date which is 10 days after the expiration
of the due diligence period, which the Sale Contract describes
would expire 30 days from the date of the final signature on the
agreement.

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

           http://bankrupt.com/misc/Square_One_311_Sales.pdf

The Debtor asks authorization to sell the Property to the Purchaser
in accordance with the terms of the Sale Contract, with any liens
on the Property to attach to the sale proceeds, and further asks
authorization to pay the all costs in connection with the such
sale, including real estate commissions, escrow fees, recording
costs, special assessments and title insurance premiums.  In
addition, the Debtor asks authorization to hold the net proceeds
from the sale of the Property in escrow pending further order of
the Court.

The Purchaser:

          Xin Sheng Xie
          1218 Shelter Rock Rd.
          Orlando, FL 32835
          Telephone: (407) 267-1518
          E-mail: zoeyxf@hotmail.com

                   About Square One Development

Headquartered in Tampa, Florida, Square One Development, LLC, is a
multi-member Florida limited liability company formed on April 6,
2010.  It owns a group of 12 related entities including eight
gourmet burger restaurants with operations in West Central
Florida.

Square One Development and its affiliates filed for Chapter 11
bankruptcy protection (Bankr. M.D. Fla. Lead Case No. 17-03846) on
June 9, 2017.  The petitions were signed by William Milner, its
manager.

Square One Winter Park, LLC, an affiliate, estimated its assets and
liabilities between $1 million and $10 million.

Latham, Shuker, Eden & Beaudine, LLP, is serving as bankruptcy
counsel to the Debtor.


SRA MANAGEMENT: Jan. 31, 2018 Proof of Claim Deadline Set
---------------------------------------------------------
IN THE UNITED STATES DISTRICT COURT FOR THE NORTHERN DISTRICT OF
CALIFORNIA

Securities and Exchange Commission v. Bivona, et al., Case No.
3:16-CV-1386-EMC

SUMMARY NOTICE OF DEADLINE FOR INVESTORS AND CREDITORS TO FILE
PROOFS OF CLAIM IN THE SRA FUNDS RECEIVERSHIP ACTION

To: All persons who are currently invested in one or more of the
following investment funds (collectively, the "Receivership
Funds"):

1) SRA I LLC; 2) SRA II LLC; 3) SRA III LLC; 4) NYPA Fund I LLC; 5)
NYPA Fund II LLC; 6) Felix Multi-Opportunity Fund I LLC; and 7)
Felix Multi-Opportunity Fund II LLC.

To: All persons who are creditors of one or more of the following
entities (collectively, the "Receivership Entities"):

1) SRA Management Associates, LLC; 2) FMOF Management Associates,
LLC; 3) NYPA Management Associates, LLC; 4) Clear Sailing Group IV,
LLC; 5) Clear Sailing Group V, LLC; and 6) One or more of the
Receivership Funds.

YOU ARE HEREBY NOTIFIED, that the United States District Court for
the Northern District of California has set a deadline for all
persons who are investors in one or more of the Receivership Funds
or creditors or one or more of the Receivership Entities to file
proofs of claim in the SEC v. Bivona receivership action.  If you
have any interest in one or more of the Receivership Funds or
Receivership Entities, either as an investor or creditor, you must
submit a proof of claim to the Receiver on or before January 31,
2018.

If you do not submit completed proof of claim form by Jan. 31,
2018, you will be forever barred from asserting any claim against
the Receivership Funds and Receivership Entities and you will not
be eligible to receive any distributions from the Receivership.

If you have not already received a Proof of Claim from the
Receiver, go to shrwood.com/saddleriver or e-mail the agent of the
Receiver at: SRAClaimsProcessing@JNDLA.com. If you have already
submitted a claim, there is no need to submit another in response
to this advertisement.

PLEASE DO NOT CONTACT THE COURT OR THE CLERK'S OFFICE REGARDING
THIS NOTICE.

If you have any questions about this Notice, please contact the
Receiver at the e-mail address listed above or by telephone at
(650) 329-9996.

By Order of the Court, United States District Court, Northern
District of California


SS&C TECHNOLOGIES: Moody's Affirms Ba3 CFR; Outlook Negative
------------------------------------------------------------
Moody's Investors Service affirmed SS&C Technologies Holdings,
Inc.'s ("SS&C") Ba3 Corporate Family Rating (CFR), Ba3-PD
Probability of Default Rating (PDR), and the Ba2 and B2 ratings for
its senior secured credit facilities and senior unsecured notes,
respectively. The ratings outlook was changed to negative from
stable. The rating action follows SS&C's announcement that it plans
to acquire DST Systems, Inc. (DST) for approximately $5.4 billion
in cash, which will result in a significant increase in debt and
execution risk. The acquisition is subject to regulatory and
shareholder approvals and is expected to close in the second or
third quarter of 2018. Moody's ratings are subject to the final
terms of financing, including the potential equity offering to
finance a portion of the purchase price for the acquisition. As
part of the rating action, Moody's also affirmed SS&C's SGL-1
speculative grade liquidity rating.

RATINGS RATIONALE

The negative ratings outlook reflects SS&C's elevated execution
risk and financial leverage over the next 12 to 18 months. The
combination with DST will enhance SS&C's operating scale with
revenues approaching $4 billion and diversify end markets beyond
its traditional alternative and institutional asset managers
customer base. Management expects to realize at least $150 million
of annual run-rate cost savings by 2020. Notwithstanding the
strategic merits of the combination, the acquisition of DST will be
the largest in SS&C's history and will entail significant execution
risks in integrating a combined workforce of over 25,000 employees
and the large back office operations that provide mission-critical
services to customers. Moody's estimates that SS&C's debt will
increase by over $5 billion and pro forma for the acquisition,
total debt to EBITDA will exceed 6x (Moody's adjusted, including
stock based compensation and capitalized operating leases),
assuming that at least $500 million of the purchase price is
financed with equity. The DST acquisition will be dilutive to
SS&C's EBITDA margins despite the cost synergies. This reflects the
highly competitive operating environment for DST's services and its
inherently lower-margins from business process outsourcing
services, relative to SS&C's solid profitability from its operating
efficiencies and the stronger mix of software products and
software-enabled services. Moody's also expects DST's organic
revenue growth to be muted relative to SS&C's legacy operations in
the next 12 to 18 months.

The affirmation of the Ba3 CFR reflects SS&C's stronger business
profile resulting from the proposed acquisition. SS&C's execution
risks are tempered by management's strong track record of
deleveraging after acquisitions, integrating prior acquisitions of
products as well as business process outsourcing companies, and
growing the profitability of acquired assets. The Ba3 rating
additionally considers the large share of revenues from recurring,
transactions-based services for the combined companies. Although
initial leverage will be very high, Moody's expects SS&C's leverage
to decline to the low 4x in 2020 from a combination of EBITDA
growth at legacy SS&C's operations, cost synergies and accelerated
debt repayment, and generate annual free cash flow of approximately
mid single digit percentages of total adjusted debt in the first 12
months after the acquisition.

The debt incurrence limitations in SS&C's credit facilities and
senior notes indenture will require amendments or refinancing of
the outstanding debt. Moody's will withdraw the ratings on the
existing senior notes and credit facilities if the existing debts
are refinanced. To the extent that existing senior secured bank
facilities and senior notes remain outstanding, their ratings could
be affected by the mix of debt classes in the final capital
structure.

The SGL-1 rating is supported by SS&C's very good liquidity
comprising cash balances, availability under its existing revolving
credit facility and expected free cash flow of approximately $400
million (before the DST acquisition). The SGL rating does not
consider the new capital structure and could be revised based on
the terms of new debt.

Moody's could downgrade SS&C's ratings if revenues of the combined
companies decline, total debt to EBITDA (Moody's adjusted) does not
decline and is expected to remain above 5x, or free cash flow falls
to the low single digit percentages of total adjusted debt for an
extended period of time. The rating could be upgraded if the
company establishes a track record of conservative financial
policies, including lower financial risk tolerance, earnings growth
is strong and Moody's believes that SS&C will sustain total debt to
EBITDA (Moody's adjusted) below 4x, including capacity to fund
moderate size acquisitions.

Affirmations:

Issuer: SS&C Technologies Holdings, Inc.

-- Corporate Family Rating, Affirmed Ba3

-- Probability of Default Rating, Affirmed Ba3-PD

-- Speculative Grade Liquidity Rating, Affirmed SGL-1

-- Senior Unsecured Regular Bond/Debenture, Affirmed B2 (LGD5
    from LGD6)

Issuer: SS&C European Holdings S.a.r.l.

-- Senior Secured Bank Credit Facility, Affirmed Ba2 (LGD3)

Issuer: SS&C Technologies Holdings Europe S.a.r.l.

-- Senior Secured Bank Credit Facility, Affirmed Ba2 (LGD3)

Issuer: SS&C Technologies, Inc.

-- Senior Secured Bank Credit Facility, Affirmed Ba2 (LGD3)

Outlook Actions:

Issuer: SS&C European Holdings S.a.r.l.

-- Outlook, changed to Negative from Stable

Issuer: SS&C Technologies Holdings Europe S.a.r.l.

-- Outlook, changed to Negative from Stable

Issuer: SS&C Technologies Holdings, Inc.

-- Outlook, changed to Negative from Stable

Issuer: SS&C Technologies, Inc.

-- Outlook, changed to Negative from Stable.

SS&C is a leading provider of software and software-enabled
services to over 11,000 clients in the financial services
industry.

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


STOLLINGS TRUCKING: Brewer Buying Five Vehicles for $21K
--------------------------------------------------------
Stollings Trucking Co., Inc., asks the U.S. Bankruptcy Court for
the Southern District of West Virginia to authorize the sale of (i)
2012 F250 Truck, SN 28097 for $3,500; (ii) 2009 GMC, SN 0691, for
$2,000; (iii) 2011 GMC 1500 Series, SN 128527, for $7,000; (iv)
2005 F650 Truck, SN 149868, for $7,000; ad (v) 2002 Envoy, SN
251834, for $1,000 to Charles Brewer.

The vehicles, except the 2011 GMC 1500 Series, need repairs.  The
vehicles are subject to liens in favor of the West Virginia State
Tax Department and the Internal Revenue Service of the United
States of America.  These vehicles represent all of the remaining
vehicles and equipment of the Debtor, with the exception of
equipment in the possession of Continuum Coal, the ownership which
is disputed.  

The Debtor asks authority for the sale of the vehicles to the Buyer
for the total consideration of $20,500.  The sale will be free and
clear of liens with liens to attach to the proceeds.

Any party interested in submitting an upset bid should file a
Notice of Upset Bid with counsel for the Debtor, the counsel for
the taxing authorities, and the Office of the U.S. Trustee, as well
as the counsel for the Unsecured Creditors Committee.  Any upset
bid will be in increments of at least $1,000 more than the proposed
sale price of each unit.  All upset bids or objections will be
filed by Jan. 31, 2018.

It is in the best interest of the Debtor and the Debtor's estate
for the Debtor to sell this property.

The Purchaser:

          Charles Brewer
          108 Daffodill Drive
          Dingess, WV 25671

                    About Stollings Trucking

Stollings Trucking Company, Inc., began its operations in 1990.
Throughout the years, it both hauled coal and mined coal for its
own profit.  As it grew, it acquired more equipment and rolling
stock.  Stollings also obtained mining permits on property in Logan
County, West Virginia, and was a party to coal leases.

Stollings Trucking sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. W.Va. Case No. 15-20624) on Dec. 7,
2015.  Rhonda Marcum, president, signed the petition.  The Debtor
estimated assets and liabilities of $1 million to $10 million.

Judge Frank W. Volk presides over the case.

Joseph W. Caaldwell, Esq., at Caldwell & Riffee, in Charleston, WV,
is serving as counsel to the Debtor.


TOLL BROTHERS: Moody's Rates Proposed $300MM Unsecured Notes Ba1
----------------------------------------------------------------
Moody's Investors Service assigned a Ba1 rating to Toll Brothers
Finance Corp.'s proposed $300 million of senior unsecured notes due
2028, proceeds of which will be used for general corporate
purposes, including the repayment of debt. Toll Brothers, Inc.'s
Ba1 corporate family rating, Ba1-PD probability of default rating,
and SGL-2 speculative grade liquidity rating and Toll Brothers
Finance Corp.'s Ba1 rating on existing senior unsecured notes
remain unchanged. Rating outlook remains unchanged at stable.

Toll Brothers Finance Corp. is the issuing entity for the senior
unsecured notes of Toll Brothers, Inc. ("Toll"). The proposed new
senior unsecured notes as well as the existing issues of senior
unsecured notes are guaranteed both by Toll and by the latter's
principal operating subsidiaries. The proposed new notes are pari
passu with the existing senior unsecured notes. The company's
adjusted homebuilding debt to book capitalization ratio will
increase to approximately 43.2%, up from about 41% at October 31,
2017, pro forma for the $300 million note offering and Moody's
standard adjustments.

The following rating actions were taken:

Issuer: Toll Brothers Finance Corp.:

Proposed $300 million of senior unsecured notes due 2028, assigned
Ba1( LGD4)

Existing backed senior unsecured notes, unchanged at Ba1 (LGD4)

Senior Unsecured Shelf, unchanged at (P)Ba1

Rating outlook is unchanged at stable.

Issuer: Toll Brothers, Inc.:

Corporate family rating, unchanged at Ba1;

Probability of default rating, unchanged at Ba1-PD;

Speculative grade liquidity assessment, unchanged at SGL-2;

Rating outlook is unchanged at stable.

RATINGS RATIONALE

The Ba1 Corporate Family Rating incorporates Toll's consistent
ability to stay ahead of evolving demographics and, as a result,
the company is one of the most adaptable of the US homebuilders. In
addition, the rating reflects Toll's leadership position in its
upper-end homebuilding niche and an ability to greatly restrict, or
even shut off entirely, its land spend for relatively long periods
of time without incurring the need to race to catch up when the
market turns. This latter operating feature enables the company
generally to control how much GAAP cash flow it wishes to generate
or even whether it wishes this figure to be positive or not. Having
the best known brand name in the industry and a low cost land base
are other key strengths.

However, the ratings also consider the additional risk in the
company's business profile associated with the more volatile and
capital intensive high-rise and high-density midrise business and
with its investments in the apartment construction and development
business, although the company lays off some of the financial risks
through use of joint ventures. While building luxury high rise
towers in the metropolitan New York City area has been an important
contributor to Toll's strong earnings performance in recent years,
a slowdown in the metro area's economy -- whether from a Wall
Street pause, foreign buyers retrenching, or a general economic
decline -- could leave the company with large investments
generating little return and requiring sizable write-downs, which
occurred during the last real estate downturn. In addition,
increasing share buy-backs may limit deleveraging for Toll in
fiscal 2018 despite improving business fundamentals.

The stable rating outlook reflects Moody's expectation that Toll
will maintain good liquidity and preserve tight fiscal discipline
with regard to its high-rise and high-density mid-rise business, to
its Gibraltar Capital business, and to its investments in the
apartment construction and development business. Additionally,
Moody's expect that the company will continue generating healthy
revenue and net income growth over the next year and continue
generating credit metrics that are supportive of the Ba1 rating.

Factors that could merit upgrade consideration include the
following: 1) gross debt to capitalization in the low 30% range, 2)
EBIT interest coverage close to 10x, 3) total revenues and net
income steadily migrating towards pre-recession highs, and 4) a
clearly and unambiguously stated desire to attain and maintain an
Investment Grade rating.

Factors that could lead to a downgrade include: 1) debt leverage
rising and remaining above 50%, 2) cash flow from operations
becoming increasingly negative, 3) liquidity becoming weakened, and
4) if the economy were to enter a downturn, and revenues and net
income began declining.

Toll's Speculative Grade Liquidity Rating of SGL-2 indicates that
its liquidity position for the next 12-18 months will be good. As
of October 31, 2017, the company had about $713 million of
unrestricted cash and equivalents. Also as of the same date, its
$1.295 billion unsecured revolver due May 19, 2021 had zero drawn
and $140.1 million of outstanding letters of credit. (The drawings
under the revolver that may be paid with proceeds of the proposed
note issue were made after October 31. 2017.) The revolver has an
accordion feature that can increase the revolver to $2 billion.

In addition, Moody's expects Toll to be nicely cash flow positive
in fiscal 2018 as it continues to moderate the growth in its land
spend. As of October 31, 2017, the company was in compliance with
the four financial covenants in its bank credit agreement,
including maximum debt leverage, borrowing base, tangible net
worth, and mortgage securities liability ratio, and Moody's believe
that it will be easily in compliance for the next 12 to 18 months.

The principal methodology used in this rating was Homebuilding And
Property Development Industry published in April 2015.

Toll Brothers, Inc. is the nation's leading builder of luxury
homes. The company began business in 1967 and became a public
company in 1986. Toll serves move-up, empty-nester, active-adult,
and second-home buyers and operates in 20 states. The company
builds an array of luxury residential single-family detached,
attached home, master planned resort-style golf, and urban low-,
mid-, and high-rise communities, principally on land it develops
and improves. Toll also operates its own architectural,
engineering, mortgage, title, land development and land sale, golf
course development and management, home security, and landscape
subsidiaries. The company also operates its own lumber
distribution, house component assembly, and manufacturing
operations. Through its Gibraltar Capital and Asset Management
joint venture, Toll provides builders and developers with land
banking and joint venture capital. The company acquires and
develops commercial and apartment properties through Toll Brothers
Apartment Living, Toll Brothers Campus Living, and the affiliated
Toll Brothers Realty Trust, and develops urban low-, mid-, and
high-rise for-sale condominiums through Toll Brothers City Living.
Revenues and net income for the 2017 fiscal year that ended October
31, 2017 were $5.8 billion and $535.5 million, respectively.


TOLL BROTHERS: S&P Rates New Senior Unsecured Notes 'BB+'
---------------------------------------------------------
S&P Global Ratings assigned its 'BB+' issue-level rating and '3'
recovery rating to Toll Brothers Finance Corp.'s proposed senior
unsecured notes due 2028. The '3' recovery rating indicates S&P's
expectation of meaningful (50%-70%, rounded estimate: 65%) recovery
in the event of payment default. S&P expects the company to use
proceeds from the issuance for general corporate purposes, which
may include terming out some short-term borrowings.

S&P's rating on Toll Brothers reflects the company's leading
position in the fragmented, cyclical U.S. luxury housing market, as
well as credit measures that are commensurate with the rating pro
forma for this notes issuance, with year-end 2017 debt to EBITDA of
about 3x and debt to capital of 40%.

Ratings List

  Toll Brothers Finance Corp.
   Corporate Credit Rating                    BB+/Stable/--

  New Rating

  Toll Brothers Finance Corp.
   Sr unsecured notes due 2028                BB+
    Recovery Rating                           3(65%)


TOWER PROPERTIES: Taps Robert L. Marrero as Legal Counsel
---------------------------------------------------------
Tower Properties, LLC, seeks approval from the U.S. Bankruptcy
Court for the Eastern District of Louisiana to hire Robert L.
Marrero, LLC, as its legal counsel.

The firm will advise the Debtor regarding the administration of its
bankruptcy estate; assist in the preparation of a plan of
reorganization; and provide other legal services related to its
Chapter 11 case.

The firm's hourly rates are:

     Robert Marrero, Esq.      $350
     Associates            $150 - $250
     Law Clerks             $75 - $125
     Paralegals             $65 - $95

Robert Marrero, Esq., disclosed in a court filing that he does not
hold any interest adverse to the Debtor's estate, creditors or
equity security holders.

The firm can be reached through:

     Robert L. Marrero, Esq.
     Robert L. Marrero, LLC
     401 Whitney Avenue, Suite 126
     Gretna, LA 70056       
     Tel: 504-366-8025 / 504-535-7813
     Fax: 504-366-8026

                     About Tower Properties

Tower Properties, LLC, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. La. Case No. 17-11909) on July 20,
2017.  James M. Dyess, president, signed the petition.  At the time
of the filing, the Debtor estimated assets and liabilities of less
than $1 million.  Judge Elizabeth W. Magner presides over the case.
Robert L. Marrero, LLC, is the Debtor's counsel.



TRANSWORLD SYSTEMS: S&P Cuts CCR to 'CCC-' on Contract Loss
-----------------------------------------------------------
S&P Global Ratings lowered its corporate credit rating on
Chicago-based Transworld Systems Inc. to 'CCC-' from 'CCC'. The
outlook is stable.

S&P said, "At the same time, we lowered the issue ratings on TSI's
senior secured notes to 'C' from 'CCC-' and revised the recovery
rating to '6' from '5'. The '6' recovery rating indicates S&P's
expectation for negligible recovery (0%-10%; rounded estimate: 5%)
in the event of a payment default."

The downgrade reflects the loss of the sizeable DoE collection
contract in January 2018 combined with deterioration in the
company's liquidity profile making a distressed exchange or
redemption appear almost inevitable in the coming months. While S&P
believes the collections contract with the DoE will be protested,
it believes the likelihood of TSI obtaining this contract is low
given that the company was not selected as a winner in the latest
re-bid in which the DoE selected only two companies out of about 40
bidders. In addition, the reevaluation was intended to clarify and
correct any errors that were made in the initial process, which
could make challenging the decision difficult.  The negative
outlook on the company reflects the likelihood that a default,
distressed exchange, or redemption appears to be inevitable in the
coming months, absent an unanticipated significantly favorable
change in the company's circumstances.

S&P said could lower the rating to 'CC' if it expects default to be
a virtual certainty, which would likely be the result of an
announced interest payment miss or distressed exchange.

Although unlikely, S&P could raise the rating if the company is
able to improve its liquidity position such that the company does
not face a near-term credit or payment crisis, which would most
likely result from the re-awarding of the DoE debt collection
contract.


TRE AMICI: $190K Sale of Assets to TMG Approved
-----------------------------------------------
Judge Catherine Peek McEwen of the U.S. Bankruptcy Court for the
Middle District of Florida authorized Tre Amici Leasing, LLC's sale
of assets to Transportation Management Group, LLC, for $10,000,
plus the assumption of approximately $180,000 of secured
indebtedness owed to Ford Motor Credit, Mercedes-Benz Credit and
Achieva Credit Union, subject to the receipt of a greater offer, or
objection to the proposed sale within 14 days of the entry of the
Order.

A hearing on the Motion was held on Jan. 5, 2018.  A hearing to
consider any competing bids, to approve the Debtor's proposed sale
and to consider the Rinaldo's Motion to Convert or Dismiss will be
held on Jan. 25, 2018, at 1:30 p.m.

The Bankruptcy Estate will realize at least $9,500 of net proceeds
from any sale conducted pursuant to the Order.

                     About Tre Amici Leasing

Tre Amici Leasing, LLC, and J A R R, Inc., operate a personal
transportation service, which consists of a traditional taxi
service as well as contract work for Pasco County Public
Transportation (PCPT).  They collectively operate as Signature Car
Service.

Tre Amici Leasing and J A R R sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. M.D. Fla. Lead Case No. 17-05123) on
June 13, 2017.  At the time of the filing, both debtors estimated
assets of less than $100,000 and liabilities of less than $1
million.  Joel S. Treuhaft, Esq., at Palm Harbor Law Group, P.A.,
serves as the Debtors' legal counsel.

On Oct. 24, 2017, the Debtor filed its Disclosure Statement and
Plan of Liquidation.


TRICO GROUP: S&P Assigns 'B' Corp. Credit Rating, Outlook Stable
----------------------------------------------------------------
S&P Global Ratings assigned its 'B' corporate credit rating to
Ohio-based auto supplier Trico Group LLC. The 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 $80 million ABL
revolver. The '1' recovery rating indicates our expectation that
the debtholders would realize very high recovery (90%-100%; rounded
estimate: 95%) in the event of a payment default.

"In addition, we assigned our 'B' issue-level rating and '4'
recovery rating to the company's $425 million first-lien term loan.
The '4' recovery rating indicates our expectation that the
debtholders would realize average recovery (30%-50%; rounded
estimate: 40%) in the event of a payment default."

Trico plans to separate from Crowne's OEM business and refinance
most of the company's existing debt. Trico will also retain
Crowne's automotive aftermarket business, which includes its
leading brands for wiper blades, fuel pumps, and gas springs. S&P's
rating on Trico reflects that the company operates in an intensely
competitive industry and that it will carry a substantial level of
debt pro forma for the refinancing, among other things.

S&P said, "The stable outlook on Trico reflects our belief that the
company's debt-to-EBITDA will remain below 6.0x while it generates
positive FOCF on a sustained basis. At the same time, we expect the
company to strengthen its market share, maintain its margin gains,
and continue to improve its logistical efficiencies with its key
customers.

"We could lower our ratings on Trico during the next twelve months
if competitive pressures weaken the company's financial results or
if its makes strategic and operational missteps that increase its
leverage substantially above 6.0x and reduce its FOCF generation
toward breakeven.

"Although unlikely, we could raise our ratings on Trico during the
next twelve months if the company continues to strengthen its
position in the aftermarket by maintaining consistent operational
execution as a carve-out and expanding its EBITDA margins. We
believe it will take more than twelve months to develop a track
record of improved performance. Moreover, for an upgrade we would
expect the company to reduce its debt-to-EBITDA ratio to below 5.0x
and increase its FOCF-to-debt ratio to more than 5% on a sustained
basis."


UNIVERSAL LAND: Proposes an Auction of Livestock & Frozen Genetics
------------------------------------------------------------------
Universal Land & Livestock, LLC, asks the U.S. Bankruptcy Court for
the Southern District of Indiana to authorize the sale of personal
property assets which include a multi breed cow herd and frozen
genetics at auction.

The Debtor is retaining Lowderman Auction & Real Estate to conduct
and hold an auction of the Livestock and Frozen Genetics and will
be filing an Application to Employ Auctioneer.  The Auction and
marketing will be at the Auctioneer's discretion with timely
advertising.  The estimated advertising budget will be $80,000
which will be prorated between the sale of the Livestock and Frozen
Genetics, farm machinery and equipment of the Debtor, as well as
assets belonging to Mark and Jame Krieger and Krieger Farms. The
Auction is expected to be held in March 2018.

First Financial Bank is the only lienholder with respect to the
Livestock and Frozen Genetics.

Pursuant to the Motion, the Debtor proposes to sell the Livestock
and Frozen Genetics free and clear of any liens and claims of any
and every kind or nature whatsoever to the Buyer.  It believes the
sale of the Livestock and Frozen Genetics is in the best interest
of the estate and creditors, and the sale will help the Debtors
cover living and farming expenses.

The Debtor, with the assistance of the Auctioneer and the
cooperation of all creditors, will take extensive efforts to
contact all known possible parties that might be interested in
purchasing the Livestock and Frozen Genetics at the Auction.

The Debtor asks that if no objections are filed or pending at the
time of hearing on the Motion, that the Court waives the 14-day
stay imposed by Rule 6004(h) of the Federal Rules of Bankruptcy
Procedure.

                      About Universal Land

Universal Land & Livestock, LLC, owns and operates a cattle-fishing
operation located in Vermillion County, Indiana.  The cattle
finishing business includes a cow/calf operation in house breeding,
and finishing cattle off to market weight fats.  The Company owns
3,800 acres of farm ground located in Vermillion County, Indiana;
Vigo County, Indiana; and Edgar County, Illinois.

Universal Land filed for Chapter 11 bankruptcy protection (Bankr.
S.D. Ind. Case No. 17-80750) on Nov. 9, 2017, estimating its assets
and debt at between $10 million and $50 million.  Peter Krieger,
partner, signed the petition.

Judge Jeffrey J. Graham presides over the case.

John Joseph Allman, Esq., and David R. Krebs, Esq., at Hester Baker
Krebs LLC, serves as the Debtor's bankruptcy counsel.


UNIVERSAL LAND: Proposes Auction of Equipment
---------------------------------------------
Universal Land & Livestock, LLC, asks the U.S. Bankruptcy Court for
the Southern District of Indiana to authorize the sale of personal
property assets which includes farm machinery and equipment at
auction.

The Debtor is retaining Lowderman Auction & Real Estate to conduct
and hold an auction of the Equipment and will be filing an
Application to Employ Auctioneer.  The Auction and marketing will
be at the Auctioneer's discretion with timely advertising.  The
estimated advertising budget will be $80,000 which will be prorated
between the sale of the Equipment, livestock and frozen genetics,
and real estate owned by the Debtor, as well as assets belonging to
Mark and Jame Krieger and Krieger Farms.  The Auction is expected
to be held in March 2018.

First Financial Bank is the only lienholder with respect to the
Equipment.

Pursuant to the Motion, the Debtor proposes to sell the Equipment
free and clear of any liens and claims of any and every kind or
nature whatsoever to the Buyer.  It believes the sale of the
Equipment is in the best interest of the estate and creditors, and
the sale will help the Debtors cover living and farming expenses.

The Debtor, with the assistance of the Auctioneer and the
cooperation of all creditors, will take extensive efforts to
contact all known possible parties that might be interested in
purchasing the Equipment at the Auction.

The Debtor asks that if no objections are filed or pending at the
time of hearing on the Motion, that the Court waives the 14-day
stay imposed by Rule 6004(h) of the Federal Rules of Bankruptcy
Procedure.

                      About Universal Land

Universal Land & Livestock, LLC, owns and operates a cattle-fishing
operation located in Vermillion County, Indiana.  The cattle
finishing business includes a cow/calf operation in house breeding,
and finishing cattle off to market weight fats.  The Company owns
3,800 acres of farm ground located in Vermillion County, Indiana;
Vigo County, Indiana; and Edgar County, Illinois.

Universal Land filed for Chapter 11 bankruptcy protection (Bankr.
S.D. Ind. Case No. 17-80750) on Nov. 9, 2017, estimating its assets
and debt at between $10 million and $50 million.  The petition was
signed by Peter Krieger, partner.

Judge Jeffrey J. Graham presides over the case.

John Joseph Allman, Esq., and David R. Krebs, Esq., at Hester Baker
Krebs LLC, serves as the Debtor's bankruptcy counsel.


UNIVERSAL LAND: Proposes Vermillion & Vigo Properties Auction
-------------------------------------------------------------
Universal Land & Livestock, LLC, asks the U.S. Bankruptcy Court for
the Southern District of Indiana to authorize the sale of a portion
of its real property located in Vermillion and Vigo Counties,
Indiana, consisting of approximately 2,330 acres at auction.

The Debtor is retaining Lowderman Auction & Real Estate to conduct
and hold an auction of the Real Estate and will be filing an
Application to Employ Auctioneer.  The Auction and marketing will
be at the Auctioneer's discretion with timely advertising.  The
estimated advertising budget will be $80,000 which will be prorated
between the sale of the equipment, livestock and frozen genetics of
the Debtor, as well as assets belonging to Mark and Jame Krieger
and Krieger Farms.  The Auction is expected to be held in March
2018.

First Financial Bank is the only lienholder with respect to the
Real Estate other than potential real estate taxes which will be
paid at closing.

Pursuant to the Motion, the Debtor proposes to sell Real Estate
free and clear of any liens and claims of any and every kind or
nature whatsoever to the Buyer.  It believes the sale of the Real
Estate is in the best interest of the estate and creditors, and the
sale will help the Debtors cover living and farming expenses.

The Debtor, with the assistance of the Auctioneer and the
cooperation of all creditors, will take extensive efforts to
contact all known possible parties that might be interested in
purchasing the Real Estate at the Auction.

The Debtor asks that if no objections are filed or pending at the
time of hearing on the Motion, that the Court waives the 14-day
stay imposed by Rule 6004(h) of the Federal Rules of Bankruptcy
Procedure.

                      About Universal Land

Universal Land & Livestock, LLC, owns and operates a cattle-fishing
operation located in Vermillion County, Indiana.  The cattle
finishing business includes a cow/calf operation in house breeding,
and finishing cattle off to market weight fats.  The Company owns
3,800 acres of farm ground located in Vermillion County, Indiana;
Vigo County, Indiana; and Edgar County, Illinois.

Universal Land filed for Chapter 11 bankruptcy protection (Bankr.
S.D. Ind. Case No. 17-80750) on Nov. 9, 2017, estimating its assets
and debt at between $10 million and $50 million.  The petition was
signed by Peter Krieger, partner.

Judge Jeffrey J. Graham presides over the case.

John Joseph Allman, Esq., and David R. Krebs, Esq., at Hester Baker
Krebs LLC, serves as the Debtor's bankruptcy counsel.


USI SERVICES: Taps Mandelbaum Salsburg as Legal Counsel
-------------------------------------------------------
USI Services Group, Inc., seeks approval from the U.S. Bankruptcy
Court for the District of New Jersey to hire Mandelbaum Salsburg
P.C. as its legal counsel.

The firm will advise the company and its affiliates regarding their
duties under the Bankruptcy Code; prepare documents related to
asset disposition; and provide other legal services in connection
with the Debtors' Chapter 11 cases.

The firm's hourly rates are:

     Members        $450 - $650
     Counsel        $350 - $450
     Associates     $250 - $350
     Paralegals      $75 - $175

The Debtors paid advance retainers totaling $54,000 to Mandelbaum
prior to the Petition Date.  On Nov. 21, 2017, the Debtors made an
additional payment of $110,000, of which $5,000 was reserved for
the postpetition retainer.   On Dec. 26, 2017, the Debtors paid
another $30,000 to make the retainer for postpetition services.

Stuart Gold, Esq., a member of Mandelbaum, disclosed in a court
filing that his firm is a "disinterested person" as defined in
Section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Jeffrey M. Rosenthal, Esq.
     Stuart Gold, Esq.
     Mandelbaum Salsburg P.C.
     3 Becker Farm Road
     Roseland, NJ 07068
     Phone: (973) 736-4600
     Fax: (973) 325-7467
     E-mail: sgold@lawfirm.ms
             jrosenthal@lawfirm.ms

                     About USI Services Group

USI Services Group, Inc., provides facility management services and
solutions to pharmaceutical campuses, commercial office buildings,
shopping mall or national retailers, industrial complex or major
entertainment venues.  USI offers complete janitorial service
programs, hard surface floor care, carpet care programs, window
cleaning, post construction cleaning, landscaping & design, snow
management, parking lot lighting, parking lot maintenance, parking
lot striping, facility management, 3rd party contract management,
HVAC services, security services, electronic security solutions and
energy management.  The company is headquartered in Union, New
Jersey.

USI Services Group and its affiliates filed Chapter 11 petitions
(Lead Bankr. D.N.J. Case No. 18-10153) on Jan. 3, 2018.  The
petitions were signed by Frederick G. Goldring, president.  At the
time of filing, USI estimated at least $50,000 in assets and $1
million to $10 million in liabilities.  The cases are assigned to
Judge John K. Sherwood.  Mandelbaum Salsburg P.C. serves as counsel
to the Debtor.


VESCO CONSULTING: $80K Sale of Dynapac CA362D Roller Approved
-------------------------------------------------------------
Judge Elizabeth E. Brown of the U.S. Bankruptcy Court for the
District of Colorado authorized VESCO Consulting Services, LLC's
sale of Dynapac CA362D roller, Serial No. 1000011T0A010168, to 4
Rivers Equipment for $80,000.

The sale is free and clear of all liens, claims, and encumbrances,
with such liens, claims, and encumbrances to be paid at closing,
including that of Atlas Copco Customer Finance USA, LLC in the
amount of $27,032 as of Dec. 11, 2017, less any subsequent adequate
protection payments, plus any accrued interest, and the parties are
authorized to perform their respective duties and obligations
thereunder.

The stay of Fed. R. Bankr.P. 6004(h) is waived, and the Order will
be effective immediately upon entry.

                 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.
VESCO 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.


VILLA PROPERTIES: Taps Steinberg Shapiro as Legal Counsel
---------------------------------------------------------
Villa Properties, LLC, received approval from the U.S. Bankruptcy
Court for the Eastern District of Michigan to hire Steinberg
Shapiro & Clark as its legal counsel.

The firm will advise the Debtor regarding its duties under the
Bankruptcy Code and will provide other legal services related to
its Chapter 11 case.

The firm's hourly rates are:

     Mark Shapiro        $350
     Geoffrey Pavlic     $285
     Tracy Clark         $275
     Legal Assistant      $95

Steinberg received a retainer of $35,000 from the Debtor prior to
the Petition Date.

Mark Shapiro, Esq., disclosed in a court filing that the firm and
its members are "disinterested persons" as defined in Section
101(14) of the Bankruptcy Code.

The firm can be reached through:

     Mark H. Shapiro, Esq.
     Steinberg Shapiro & Clark
     25925 Telegraph Road, Suite 203
     Southfield, MI 48033
     Phone: 248-352-4700
     E-mail: shapiro@steinbergshapiro.com

                    About Villa Properties

Villa Properties, LLC, is a privately-held company whose principal
place of business is located at 30320 Pondsview, Franklin,
Michigan.  Villa Properties sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. E.D. Mich. Case No. 18-40003) on Jan.
2, 2018.  Timothy Bakeman, manager, signed the petition.  At the
time of the filing, the Debtor estimated assets and liabilities of
$1 million to $10 million.  Judge Marci B. McIvor presides over the
case.  Steinberg Shapiro & Clark serves as counsel to the Debtor.



VILLAGE VENTURES: Goslee Buying Garland Property for $13.5K
-----------------------------------------------------------
Village Ventures Realty, Inc., asks the U.S. Bankruptcy Court for
the Western District of Arkansas to authorize the sale of the real
property located at Lot 23 Bright Morning Star Development, Garland
County, Arkansas to Joe Goslee for $13,500.

Objections, if any, must be filed within 28 days from the date of
the Notice.  Concurrent with the filing of the Motion, the Debtor
has also filed a Motion to Shorten Time to Object.  If the Court
grants the Motion to Shorten, any objections must be filed within
10 days from the date of the notice rather than the 28 days
stated.

The Debtor is the owner of the Property.  It Debtor listed the
Property on its Schedule A with a reported value as of the petition
date of $22,100.  Debtor is the owner of record pursuant to a
Warranty Deed which is on file with the Garland County Circuit
Court, Real Estate Records Division.  The Debtor's Chapter 11 plan
has not been confirmed.

The Debtor entered into an installment agreement to purchase land
with Mr. Goslee prior to filing the bankruptcy petition. Upon final
payment, the land was to be transferred to Mr. Goslee.  To date,
Mr. Goslee has paid approximately $9,000 on the installment
contract.  Mr. Goslee has offered to purchase the property with a
final payment of $13,500.  The Debtor has accepted this offer.

The Debtor proposes to sell, free and clear of all liens and
encumbrances, the real estate and pay any fees necessary to close
on the real estate with all liens to attach to sales proceeds.  The
proceeds from the sale will first be used to pay the Debtor's
closing costs, including real estate commissions to realtors, and
real estate taxes.  The remaining proceeds will go to Quest IRA.  A
final copy of the HUD-1 Settlement Statement will be provided to
the trustee within 15 days of closing.

The Debtor believes the price in the Contract is fair and
reasonable.

                     About Village Ventures

Village Venture Realty, Inc., doing business as Village Ventures
Realty, Inc., and ERA Equity Group, is a privately held real estate
company based in Hot Springs Village, Arizona.  Village Venture
lists and sells properties of other people and buys properties for
subdivisions, building out roads, utilities, and other
infrastructure.  The company also entered into the business of
financing home sales in its subdivisions.  

The Company previously sought bankruptcy protection  on Feb. 8,
2016 (Bankr. W.D. Ark. Case No. 16-72187) and on Sept. 14, 2016
(Bankr. W.D. Ark. Case No. 16-70284).

Village Venture again filed a Chapter 11 petition (Bankr. W.D. Ark.
Case No. 17-73221) on Dec. 28, 2017.  Gary Coleman, its president,
signed the petition.  In its petition, the Debtor estimated $1
million to $10 million in
both assets and liabilities.  Jennifer M. Lancaster, Esq., at
Lancaster Law Firm, serves as bankruptcy counsel.  The Debtor hired
ABC Law Center, as co-counsel.


VOYA FINANCIAL: Fitch Rates New $350MM Jr. Subordinated Notes 'BB+'
-------------------------------------------------------------------
Fitch Ratings has assigned a 'BB+' rating to Voya Financial Inc.'s
$350 million of new junior subordinated notes. Existing ratings
assigned to Voya and its affiliates are unaffected by the rating
action.

Fitch last reviewed Voya's ratings on Dec. 21, 2017.

KEY RATING DRIVERS

The rating is equivalent to the ratings assigned to Voya's existing
junior subordinated notes. The notes are rated three notches below
Voya's Long-Term Issuer Default Rating (IDR), reflecting two
notches for the baseline recovery assumption of 'Poor' and one
additional notch reflecting the 'Minimal' non-performance risk
assessment. The notes include an interest deferral feature at the
option of the issuer for up to five years. Based on Fitch's rating
criteria, this hybrid debt issuance was not assigned any equity
credit, similar to the existing junior subordinated notes.

The net proceeds of this offering are expected to be used to retire
the remaining outstanding 2.9% senior notes due February 2018, with
the remainder used for general corporate purposes. Pro forma
financial leverage is expected to remain approximately 24%.

Fitch affirmed Voya's holding company ratings on Dec. 21, 2017
following the company's announcement that it reached an agreement
to sell Voya Insurance and Annuity Company (VIAC) to a group of
investors led by Apollo Global Management, LLC and Athene Holding
Ltd. At the same time, the Rating Outlook was revised to Negative
from Stable reflecting the expectation of a weaker financial
profile at the holding company as a result of the transaction.

RATING SENSITIVITIES

Fitch does not anticipate an upgrade of Voya's ratings over the
next review cycle due to the pending sale of VIAC.

The following could result in a downgrade of Voya's holding company
ratings:

-- Financial leverage exceeding 30%;
-- GAAP adjusted operating earnings-based interest coverage below

    6x.

The following could result in a downgrade to Voya's rated life
insurance subsidiaries (excluding VIAC):

-- Sustained decline in operating ROE below 6%;
-- A decline in reported RBC below 375% and a Prism capital model

    score at the low end of 'Strong'.

FULL LIST OF RATING ACTIONS

Fitch has assigned the following rating:

Voya Financial, Inc.
-- $350 million new junior subordinated notes at 'BB+'.

Fitch maintains the following ratings with a Stable Outlook:

Voya Retirement Insurance and Annuity Company
ReliaStar Life Insurance Company
ReliaStar Life Insurance Company of New York
Security Life of Denver Insurance Company
-- Insurer Financial Strength 'A'.

Voya Holdings Inc.
-- Senior unsecured notes 'A+'.

Fitch maintains the following ratings with a Negative Outlook:

Voya Financial, Inc.
-- Long-Term IDR 'BBB+';
-- Senior unsecured notes 'BBB';
-- Junior subordinated notes 'BB+'.

Equitable of Iowa Companies, Inc.
-- Long-Term IDR 'BBB+'.

Equitable of Iowa Companies Capital Trust II
-- Trust preferred stock 'BB+'.

Peachtree Corners Funding Trust
-- Pre-capitalized trust securities 'BBB'.

Fitch maintains the following rating on Rating Watch Negative:

Voya Insurance and Annuity Company
-- Insurer Financial Strength 'A'.


VOYA FINANCIAL: S&P Rates $350MM Junior Subordinated Debt 'BB+'
---------------------------------------------------------------
S&P Global Ratings said that it has assigned its 'BB+' debt rating
to Voya Financial Inc.'s (NYSE: VOYA) proposed issuance of $350
million, 30 year fixed-to-floating rate junior subordinated debt.
The company will use most of the proceeds to repay its 2.9% senior
notes due 2018 (about $337 million is outstanding).

S&P rates this junior subordinated issue two notches below its
'BBB' long-term issuer credit and senior debt ratings on VOYA
reflecting the subordination of the issue and the optional
deferability of the subordinated debt.

Per the preliminary offering memorandum, these notes will be
unsecured and subordinated in right of payment to all of VOYA's
existing and future senior indebtedness. VOYA has the option to
defer the payment of interest on the notes for up to five years.
The company can call these notes after 10 years from issuance.
Generally, S&P provides intermediate equity credit to junior
subordinated notes as long as there is 20 years left to maturity.
Similarly, these notes will likely receive intermediate equity
credit for the purpose of our capital and leverage calculations
until 20 years are left to maturity, with hybrids making up no more
than 15% of capital.

In December 2017, VOYA entered into an agreement to sell its closed
block variable annuity (CBVA) and retail fixed-rate and
fixed-indexed annuity businesses. S&P said, "In the wake of this
transaction, we revised our outlook on VOYA to positive from
stable. This outlook revision was based on our view that the sale
of the CBVA block is credit positive because we expect less
volatility in VOYA's net income, and relatively stable reserving
and capital requirements from the remaining businesses. We continue
to view VOYA's financial flexibility as strong despite our
expectation of increased financial leverage after this transaction
closes. We expect financial leverage of 30%-35% in 2018 and 2019
(versus 26% at year-end 2016) taking into account the decline in
VOYA's shareholders equity from this transaction and its increased
debt-to-capital target."

RATING LIST

  Voya Financial Inc.
   Issuer credit rating                  BBB/Positive/A-2

  New Rating
  Voya Financial Inc.     
    Jr sub debt due                      BB+


VPH PHARMACY: Winrose Not Granted Super-Priority Status, Ct. Rules
------------------------------------------------------------------
District Judge Victoria A. Roberts entered an order affirming the
Bankruptcy Court's ruling denying Appellant Creditor The Winrose
Plus Group, LLC's brief on appeal.

The issue presented by this bankruptcy appeal is whether Winrose
was granted super-priority administrative expense claim, or a
priming lien (a lien either senior or equal to existing liens), on
Debtor VPH Pharmacy, Inc. assets when it extended post-bankruptcy
credit to VPH.

VPH filed a petition for Chapter 11 bankruptcy on Jan. 13, 2017.
The same day, VPH filed a Financing Motion requesting authority to
borrow $150,000 from Winrose. The Motion indicated that the loan
would be entitled to super-priority administrative expense claim
status. The United States Bankruptcy Court for the Eastern of
District of Michigan issued an order ("Financing Order")
authorizing VPH to obtain this post-petition financing.

Winrose argues that the Financing Order granted it super-priority
status. The United States Trustee appointed the Unsecured
Creditors' Committee, which objected to the super-priority status
urged by Winrose. The Bankruptcy Court sustained the Committee's
objection, ruling that the Financing Order did not grant either a
super-priority administrative claim, or a priming lien on VPH's
assets. Winrose appealed.

Winrose makes several arguments as to why the Financing Order
granted it a super-priority administrative claim and a priming
lien. Most credibly, Winrose claims that there is no conflict
between the Motion and the Financing Order. It says the terms of
the Motion are incorporated by reference into the Financing Order,
but it does not point to any part of the Financing Order that does
incorporate the terms of the motion.

Because the Bankruptcy Court reasonably looked at the language of
the Financing Order to rule on the Committee's objections, it did
not abuse its discretion. Accordingly, the Court defers to the
Bankruptcy Court's interpretation of its own Financing Order.

Neither of Winrose's additional arguments bearing on the Court's
finding that the Bankruptcy Court did not abuse its discretion when
it reasonably interpreted the language of the Financing Order to
mean that Winrose had neither a super-priority administrative claim
nor a priming lien on VPH's assets.

The terms of the Financing Order are clear. It states that its
terms, not the terms of the Motion, control. This statement has
just one interpretation, rendering any ambiguity argument
unavailing.

To conclude, the Court asserts that Winrose makes several arguments
that are incoherent and irrelevant; and, it incorrectly
characterizes the Financing Order's language. Because the
Bankruptcy Court did not abuse its discretion when it interpreted
the terms of the Financing Order, its ruling that Winrose was not
granted either a super-priority administrative claim or a priming
lien on VPH's assets is affirmed.

The bankruptcy case is in re: VPH PHARMACY, INC., Debtor, Case No.
17-12701 (Bankr. E.D. Mich.).

A full-text copy of Judge Roberts' Order dated Jan. 9, 2018 is
available at https://is.gd/ys5qYd from Leagle.com.

The Winrose Plus Group, Appellant, represented by Jerome D. Frank,
Frank & Frank.

Unsecured Creditors' Committee, Appellee, represented by Anthony J.
Kochis -- akochis@wolfsonbolton.com -- Wolfson Bolton PLLC.

Samuel D. Sweet, Trustee, Interested Party, represented by Anthony
J. Kochis, Wolfson Bolton PLLC.

                   About VPH Pharmacy, Inc.

VPH Pharmacy, Inc. filed a Chapter 11 bankruptcy petition (Bankr.
E.D. Mich. Case No. 17-30077) on January 13, 2017. The Hon. Daniel
S. Opperman presides over the case.

The Dragich Law Firm PLLC represents the Debtor as counsel. Dalto
Consulting, Inc. is the Debtor's financial advisor.

In its petition, the Debtor estimated $1 million to $10 million in
both assets and liabilities. The petition was signed by Amee Patel,
attorney in fact for Devenkumar C. Patel, sole shareholder.

The U.S. trustee for Region 9 on March 3 appointed three creditors
of VPH Pharmacy, Inc., to serve on the official committee of
unsecured creditors.


WALTER INVESTMENT: Expects to Emerge from Chapter 11 by Jan. 31
---------------------------------------------------------------
Walter Investment Management Corp. on Jan. 17, 2018, disclosed that
the United States Bankruptcy Court for the Southern District of New
York has approved the Company's prepackaged financial restructuring
plan (the "Prepackaged Plan").  The Company expects to emerge from
Chapter 11 by no later than January 31, 2018, after the conditions
to the Prepackaged Plan are satisfied, and the Company is on track
to complete its financial restructuring in the first quarter of
2018.

As previously announced, the Company's comprehensive financial
restructuring plan is expected to reduce the Company's outstanding
corporate debt by approximately $800 million [1] and create
enhanced financial flexibility.  Walter's operating entities,
including Ditech Financial LLC ("Ditech") and Reverse Mortgage
Solutions, Inc. ("RMS"), are continuing to operate in the ordinary
course.

Proposed Board Appointments

In connection with the approval of its Prepackaged Plan, Walter has
also announced the proposed composition of its post-emergence date
Board of Directors.

The Walter Board will be comprised of nine (9) directors. Current
directors George Awad, Daniel Beltzman, and Neal Goldman will
continue to serve as directors of the Company post-emergence.
Messrs. Frederick Arnold, David Ascher, Seth Bartlett, Claude
LeBlanc, Thomas Marano, and Thomas Miglis, who have each been
designated by an ad hoc group of consenting senior noteholders,
will also serve as directors.

The term of the new board members will begin upon the Company's
emergence from Chapter 11 later this month, at which time the
Company expects to supplement this press release with a formal
announcement of the Company's emergence and the installation of its
new board.

"We look forward to officially welcoming the incoming members of
our Board, who will bring proven track records and new perspectives
from both inside and outside our industry, and will play an
important role in helping guide our Company forward following our
financial restructuring process," said Mr. Awad, the current
Chairman of the Board of Walter.  "Once formally appointed, I look
forward to working closely with them to create value as we advance
our mission of serving our customers throughout the homeownership
journey."

Mr. Awad continued, "I would also like to thank Walter's outgoing
board members for their service to the Company.   Their leadership
was instrumental in building Walter into a diversified mortgage
banking company and they helped oversee the transformation that is
expected to position our Company for future growth and success."  


Advisors

Weil, Gotshal & Manges LLP is acting as legal counsel, Houlihan
Lokey is acting as investment banking debt restructuring advisor
and Alvarez & Marsal North America, LLC is acting as financial
advisor to the Company in connection with the financial
restructuring.

                    About Walter Investment

Based in Fort Washington, Pennsylvania and established in 1958,
Walter Investment Management Corp., formerly known as Walter
Investment Management LLC -- http://www.walterinvestment.com/-- is
a diversified mortgage banking firm focused primarily on servicing
and originating residential loans, including reverse loans.  The
company services a wide array of loans across the credit spectrum
for its own portfolio and for GSEs, government agencies,
third-party securitization trusts and other credit owners.  The
company originates and purchases residential loans that it
predominantly sells to GSEs and government entities.

Walter Investment commenced a prepackaged Chapter 11 case (Bankr.
S.D.N.Y. Lead Case No. 17-13446) with a plan of reorganization
where the Company commits to reduce its outstanding corporate debt
by approximately $806 million through a combination of cancellation
of debt ($531 million) and principal pay-downs ($275 million).

As of Sept. 30, 2017, the Debtor had total assets of $14.97 billion
and total debt of $15.21 billion.

The case is assigned to Hon. James L. Garrity Jr.

Weil, Gotshal & Manges LLP, is the Debtor's counsel, with the
engagement led by Sunny Singh, Esq., Ray C. Schrock, P.C., and
Joseph H. Smolinsky, Esq.  The Debtor's investment banker is
Houlihan Lokey Capital, Inc.  The Debtor's restructuring advisor is
Alvarez & Marsal North America, LLC.  The Debtor's claims and
noticing agent is Prime Clerk LLC.


WARRIOR MET: S&P Raises CCR to 'B' on Strong Performance
--------------------------------------------------------
S&P Global Ratings raised its corporate credit rating on Brookwood,
Ala.-based coal producer Warrior Met Coal Inc. to 'B' from 'B-'.
The outlook is stable.

S&P said, "At the same time, we raised the issue-level rating on
the company's $350 million senior secured notes to 'B+' from 'B-'.
We also revised the recovery rating on the debt to '2' from '3',
indicating our expectation of substantial (70%-90%; rounded
estimate: 85%) recovery for lenders in the event of a payment
default.

"The upgrade reflects our view that the company can sustain its low
credit measures and generate positive discretionary cash flow in
the next 12 months. Even if prices were to drop by 30%-40% from
current levels, we believe that the company would be able to
sustain adjusted leverage below 2x. We also expect the company will
generate at least $200 million in discretionary cash flow in 2018
and 2019. Our ratings take into account the potential for the
company to make cash distributions to its sponsors. Even so, we
would expect a sufficient financial discipline that preserves
leverage within our expected targets and a liquidity cushion of at
least $100 million. The stable outlook reflects our expectation
that the company will operate at adjusted leverage below 2x on
sustained basis, generating positive discretionary cash flow for
the next 12 months. We believe that the company will be able to
maintain adjusted EBITDA margins over 30% even with a 30%-40% drop
in HCC prices from current levels. We believe that the company is
well positioned to achieve these credit measures due to positive
momentum in global demand for high quality met coal that should
preserve prices and its flexible cost structure.

"We could lower the rating if we expect adjusted leverage will
approach 5x. This could result from a combination of an aggressive
financial policy and an EBITDA decline of over 50% from our
expectations as a result of weaker global demand for low-volatility
HCC coal or a decline in the steel end markets.

"Although less likely, we could raise the rating if we believe that
the financial sponsors are likely to divest their equity ownership
in the company to below 40%. Under this scenario, we would also
expect the company to maintain adjusted leverage below 3x."


WILLIAM J. FOCAZIO: Taps Trenk DiPasquale as Legal Counsel
----------------------------------------------------------
William J. Focazio, M.D., P.A., seeks approval from the U.S.
Bankruptcy Court for the District of New Jersey to hire Trenk,
DiPasquale, Della Fera & Sodono, P.C. as its legal counsel.

The firm will advise the Debtor regarding its duties under the
Bankruptcy Code; negotiate and prepare documents related to the
disposition of its assets; assist in the preparation of a plan of
reorganization; and provide other legal services related to its
Chapter 11 case.

The firm's hourly rates are:

     Partners          $325 - $625
     Associates        $255 - $295
     Law Clerks           $195
     Paralegals        $145 - $215
     Support Staff     $145 - $215

Anthony Sodono, III, Esq., and Sari Placona, Esq., the attorneys
who will be handling the case, charge $575 per hour and $295 per
hour, respectively.

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

Trenk DiPasquale can be reached through:

     Anthony Sodono, III, Esq.
     Sari B. Placona, Esq.
     Trenk DiPasquale Della Fera & Sodono, P.C.
     347 Mt. Pleasant Avenue, Suite 300
     West Orange, NJ 07052
     Phone: (973) 243-8600/(973) 323-8656
     E-mail: asodono@trenklawfirm.com
             splacona@trenklawfirm.com

                    About William J. Focazio

William J. Focazio, M.D., P.A. sought protection under Chapter 11
of the Bankruptcy Code (Bankr. D.N.J. Case No. 18-10752) on January
13, 2018.  Judge Vincent F. Papalia presides over the case.


WOODBRIDGE GROUP: Committee Taps Berger as Special Counsel
----------------------------------------------------------
The official committee of unsecured creditors of Woodbridge Group
of Companies, LLC, seeks approval from the U.S. Bankruptcy Court
for the District of Delaware to hire Berger Singerman LLP as its
special counsel.

The firm will provide legal services to the committee in connection
with the enforcement and receivership action (Case No. 17-24624)
filed by the Securities and Exchange Commission in the U.S.
District Court for the Southern District of Florida, and the
agency's involvement in the Chapter 11 cases of Woodbridge and its
affiliates.

The firm's hourly rates range from $275 to $695 for its attorneys
and $75 to $235 for legal assistants and paralegals.  The attorneys
designated to represent the committee are:

     Paul Steven Singerman     $695
     Charles Lichtman          $695
     Isaac Marcushamer         $475
     Gavin Gaukroger           $455

Paul Steven Singerman, Esq., disclosed in a court filing that his
firm does not hold or represent any interest adverse to the Debtors
and their estates.

The firm can be reached through:

     Paul Steven Singerman, Esq.
     Berger Singerman LLP
     1450 Brickell Avenue, Suite 1900
     Miami, FL 33131
     Tel: (305) 714-4343

                      About Woodbridge Group

Headquartered in Sherman Oaks, California, The Woodbridge Group
Enterprise -- http://www.woodbridgecompanies.com/-- is a
comprehensive real estate finance and development company.  Its
principal business is buying, improving, and selling high-end
luxury homes.  The Woodbridge Group Enterprise also owns and
operates full-service real estate brokerages, a private investment
company, and real estate lending operations.  The Woodbridge Group
Enterprise and its management team have been in the business of
providing a variety of financial products for more than 35 years,
and have been primarily focused on the luxury home business for the
past five years.  Since its inception, the Woodbridge Group
Enterprise has completed more than $1 billion in financial
transactions.  These transactions involve real estate, note buying
and selling, hard money lending, and alternative financial
transactions involving thousands of investors.

Woodbridge Group of Companies and certain of its affiliates filed
Chapter 11 bankruptcy petitions (Bankr. D. Del. Lead Case No.
17-12560) on Dec. 4, 2017.  Woodbridge estimated assets and
liabilities at between $500 million and $1 billion.

Judge Kevin J. Carey presides over the case.

Samuel A. Newman, Esq., Oscar Garza, Esq., Daniel B. Denny, Esq.,
Jennifer L. Conn, Esq., Eric J. Wise, Esq., Matthew K. Kelsey,
Esq., and Matthew P. Porcelli, Esq., at Gibson, Dunn & Crutcher,
LLP, and Sean M. Beach, Esq., Edmon L. Morton, Esq., Ian J.
Bambrick, Esq., and Allison S. Mielke, Esq., at Young Conaway
Stargatt & Taylor, LLP, serve as the Debtors' bankruptcy counsel.
Homer Bonner Jacobs, PA, as special counsel, Province, Inc., as
expert consultant, Moelis & Company LLC, as investment banker.

The Debtors' financial advisors are Larry Perkins, John Farrace,
Robert Shenfeld, Reece Fulgham, Miles Staglik, and Lissa Weissman
at SierraConstellation Partners, LLC.  Beilinson Advisory Group is
serving as independent management to the Debtors.  Garden City
Group, LLC, is the Debtors' claims and noticing agent.

Pachulski Stang Ziehl & Jones is counsel to the Official Committee
of Unsecured Creditors; and FTI Consulting, Inc., serves as its
financial advisor.


WORLD INTERNATIONAL: SCCB Objects to Use of Cash Collateral
-----------------------------------------------------------
South Carolina Community Bank ("SCCB") filed a notice with the U.S.
Bankruptcy Court for the District of South Carolina of its
objection to World International Ministries' use of its cash
collateral.

A hearing on the Motion is set for Feb. 15, 2018, at 11:00 a.m.
Objections, if any, must be filed within 14 days of service of the
Notice.

SCCB is a creditor of the Debtor.  It is the holder of a secured
claim against the Debtors for the sum of approximately $192,495 by
virtue of Note, Mortgage, and related loan documents dated Sept.
18, 2008, as amended from time to time ("Loan Documents-1").
SCCB's claim is secured by a Mortgage, originally dated July 14,
2003 and amended from time to time, on the properties at 710
Manning Avenue, 708 Manning Avenue, and, 708 1/2 Manning Avenue,
Sumter County, South Carolina.

SCCB is the holder of a secured claim against the Debtor for the
sum of approximately $55,682, by virtue of Note, Mortgage, and
related loan documents dated Sept. 27, 2011, as amended from time
to time ("Loan Documents-2").  Its claim is secured by the
Mortgage.  Claim No. 3 is also secured by 710 Manning Avenue, 708
Manning Avenue, and, 708 1/2 Manning Avenue, Sumter County, South
Carolina.

Based upon testimony offered by the Debtor's representative at the
meeting of creditors, SCCB is informed and believes that the Debtor
is receiving monthly rent from the lease of the Properties,
specifically for the use and operation of a dry-cleaners at 708
Manning Avenue.  SCCB has a first priority lien on these rents.
The rents qualify as "cash collateral."

To date, the Debtor has not filed a Motion to Use Cash Collateral.
The Debtor and SCCB did have an informal agreement that rents would
be turned over to SCCB, but the Debtor has failed to deliver any
rent payments since the Petition Date.  The Debtor does not have
the consent of SCCB to use the cash collateral and the Debtor has
failed to offer adequate protection for its use of SCSB's cash
collateral.

Until the Debtor fulfills its obligations under the Bankruptcy
Code, and carries its burden of proof with respect to providing
SCCB with adequate protection, as defined under the Bankruptcy
Code, for the use of cash collateral, SCCB objects to the Debtor's
use of cash collateral, as well as the Debtor's continued use and
operation of the Property.

SCCB asks that the Court enters an order: (i) prohibiting the
Debtor's use of the cash collateral; (ii) requiring the Debtor to
account and maintain an accounting for the cash collateral
collected since the Petition Date; (iii) requiring the Debtor to
deliver all cash collateral to SCCB or provide adequate protection
of SCCB's interest; and (iv) providing SCCB with access to its
books and records and to inspect its collateral.

SCCB is represented by:

         Stanley H. McGuffin
         Haysnworth Sinkler Boyd, PA
         P.O. Box 11889
         Columbia, SC 29211-1889
         Telephone: 803-779-3080
         E-mail: smcguffin@hsblawfirm.com

World International Ministries sought Chapter 11 protection (Bankr.
D. S.C. Case No. 17-04845) on Sept. 29, 2017.


WRAP MEDIA: Luckett, IPL File 2nd Amended Combined Plan
-------------------------------------------------------
Matthew Luckett and InterPrivate LLC proposed a second amended
combined Chapter 11 plan of reorganization and disclosure statement
with the U.S. Bankruptcy Court for the Northern District of
California for Wrap Media, LLC, and holding company Wrap Media,
Inc.

This version of the plan adds information with regard to the
preferred shares and amount of new value loan required for each
creditor.

A dispute has also recently arisen between the Plan Proponents and
BrunoCo., Inc., as assignee of Wrap Media, LLC's interest in the
License Agreement, in connection with the License Agreement. The
dispute concerns language in the License Agreement that BrunoCo
asserts to have given it the ability to cancel the License
Agreement. The Plan Proponents assert that a side letter dated June
25, 2017 in connection with the License Agreement prevents BrunoCo
from exercising the alleged termination right. The dispute has not
yet been resolved. If it is resolved prior to the plan confirmation
hearing, the Plan Proponents will update the Court and supplement
or amend the Plan as necessary. If the dispute is not resolved
prior to the Plan confirmation hearing, the Plan Proponents reserve
the right bring an action under the side letter for any claims they
may have thereunder, including for declaratory relief, breach of
contract, and damages.

A full-text copy of the First Amended Combined Plan is available
at:

     http://bankrupt.com/misc/canb16-31326-82.pdf

A full-text copy of the Second Amended Combined Plan is available
at:

     http://bankrupt.com/misc/canb16-31326-90.pdf

                        About Wrap Media

Wrap Media LLC owns a mobile engagement and messaging platform that
supercharges marketing, sales and customer service.

Wrap Media, Inc., conducts no operations.  Wrap Media, Inc.'s sole
asset is an approximately 60% equity interest in Wrap Media, LLC.
WMI was the financing vehicle for the enterprise, raising several
rounds of equity and obtaining $9.5 million of convertible debt
financing.  WMI has four creditors consisting of three convertible
note holders owed an aggregate of approximately $10 million and
joint liability on the secured debt held by SVB.

Wrap Media, LLC, and holding company Wrap Media, Inc., sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. N.D.
Cal. Case Nos. 16-31325 and 16-31326) on Dec. 10, 2016.  The
petitions were signed by Eric Greenberg, chief executive officer.

The Court entered an order jointly administering the two cases but
vacated this order upon Wrap Media, LLC's oral motion on April 7,
2017.

The cases are assigned to Judge Hannah L. Blumenstiel.

At the time of the filing, the Debtors estimated their assets at $1
million to $10 million and liabilities at $10 million to $50
million.

The Debtors hired St. James Law, P.C., as their legal counsel; and
Beyer Law Group, LLP, as special counsel.  Kranz & Associates was
hired for outsourced operations.

On Jan. 31, 2017, the U.S. trustee for Region 17 appointed an
official committee of unsecured creditors.  The Committee's
attorneys are Tobias S. Keller, Esq., Keith A. McDaniels, Esq., and
Dara L. Silveria, Esq., at Keller & Benvenutti LLP, in San
Francisco, California.


[*] Andrew Cardonick Joins Sidley Austin's Global Finance Practice
------------------------------------------------------------------
Sidley Austin LLP on Jan. 17 disclosed that Andrew Cardonick has
joined the firm in Chicago as a partner in its Global Finance
practice.  Mr. Cardonick formerly co-chaired the finance practice
at Greenberg Traurig, LLP.  He focuses his practice primarily on
the representation of commercial banks, business development
companies and other nonbank financial institutions, as well as
select private equity funds.

Mr. Cardonick advises clients in connection with sponsored and
non-sponsored asset-based, cash flow, split lien, unitranche,
second lien, and unsecured syndicated, club and single bank credit
facilities throughout the U.S. and internationally.  He represents
lending clients in restructurings and workouts throughout the
country.  Mr. Cardonick also possesses a broad knowledge of various
finance and restructuring topics, including debtor-in-possession
financings, cash collateral, substantive consolidation, fraudulent
conveyance and other structuring issues.

"Due to significant competitive and regulatory developments within
the global finance industry, both traditional and non-traditional
lenders are looking for guidance in navigating complex
transactions," said Craig Griffith, member of Sidley's Executive
Committee and its Global Finance practice.  "We are pleased to
welcome Drew to the firm as his considerable experience,
particularly in lending and restructuring, will expand Sidley's
finance capabilities to support our clients engaging in deals
within this changing environment."

With 2,000 lawyers in 20 offices around the globe, Sidley is a
premier legal adviser for clients across the spectrum of
industries.


[*] Ashley Jericho Joins McDonald Hopkins' Detroit Office
---------------------------------------------------------
Business restructuring attorney Ashley J. Jericho has joined the
Detroit office of McDonald Hopkins LLC, a business advisory and
advocacy law firm, as an Associate.

Ms. Jericho has over nine years of insolvency experience, including
representing consumer and business debtors, creditors and trustees
in bankruptcy proceedings, contested matters and adversary
proceedings.  She has also represented business debtors in
representing individuals and businesses in state and federal court
litigation involving real estate, zoning, contract, collections and
debt negotiation.

Ms. Jericho earned her J.D., magna cum laude, from the Western
Michigan Cooley Law School in 2008, where he served as the
associate editor of the Thomas M. Cooley Law Review.  Ms. Jericho
also received a B.A. in Political Science from Washington and
Jefferson College in 2004.

Ms. Jericho can be reached at ajericho@mcdonaldhopkins.com or
248.593.2945 X1945.

                    About McDonald Hopkins

Founded in 1930, McDonald Hopkins --
http://www.mcdonaldhopkins.com/-- is a business advisory and
advocacy law firm with locations in Chicago, Cleveland, Columbus,
Detroit, Miami, and West Palm Beach.  With more than 50 service and
industry teams, the firm has the expertise and knowledge to meet
the growing number of legal and business challenges our clients
face.


[^] BOOK REVIEW: The Sorcerer's Apprentice -- Medical Miracles
--------------------------------------------------------------
Author:     Sallie Tisdale
Publisher:  BeardBooks
Softcover:  270 pages
List Price: $34.95
Review by Henry Berry
Order your own personal copy at http://is.gd/9SAfJR

An earlier edition of "The Sorcerer's Apprentice" won an American
Health Book Award in 1986. The book has been recognized as an
outstanding book on popular science. Tisdale brings to her subject
of the wide nd engrossing field of health and illness the
perspective, as well as the special sympathies and sensitivities,
of a registered nurse. She is an exceptionally skilled writer.
Again and again, her descriptions of ill individuals and images of
illnesses such as cancer and meningitis make a lasting impression.
Tisdale accomplishes the tricky business of bringing the reader to
an understanding of what persons experience when they are ill; and
in doing this, to understand more about the nature of illness as
well. Her style and aim as a writer are like that of a medical or
science journalist for leading major newspaper, say the "New York
Times" or "Los Angeles Times." To this informative, readable style
is added the probing interest and concern of the philosopher
trying to shed some light on one of the central and most
unsettling aspects of human existence. In this insightful,
illuminating, probing exploration of the mystery of illness,
Tisdale also outlines the limits of the effectiveness of
treatments and cures, even with modern medicine's store of
technology and drugs. These are often called "miracles" of modern
medicine. But from this author's perspective, with the most
serious, life-threatening, illnesses, doctors and other health-
care professionals are like sorcerer's trying to work magic on
them. They hope to bring improvement, but can never be sure what
they do will bring it about. Tisdale's intent is not to debunk
modern medicine, belittle its resources and ways, or suggest that
the medical profession holds out false hopes. Her intent is do
report on the mystery of serious illness as she has witnessed it
and from this, imagined what it is like in her varied work as a
registered nurse. She also writes from her own experiences in
being chronically ill when she was younger and the pain and
surgery going with this.

She writes, "I want to get at the reasons for the strange state of
amnesia we in the health professions find ourselves in. I want to
find clues to my weird experiences, try to sense the nature of
being sick." The amnesia of health professionals is their state of
mind from the demands placed on them all the time by patients,
employers, and society, as well as themselves, to cure illness, to
save lives, to make sick people feel better. Doctors, surgeons,
nurses, and other health-care professionals become primarily
technicians applying the wonders of modern medicine. Because of
the volume of patients, they do not get to spend much time with
any one or a few of them. It's all they can do to apply the
prescribed treatment, apply more of it if it doesn't work the
first time, and try something else if this treatment doesn't seem
to be effective. Added to this is keeping up with the new medical
studies and treatments. But Tisdale stepped out of this problem-
solving outlook, can-do, perfectionist mentality by opting to
spend most of her time in nursing homes, where she would be among
old persons she would see regularly, away from the high-charged
atmosphere of a hospital with its "many medical students,
technicians, administrators, and insurance review artists." To
stay on her "medical toes," she balanced this with working
occasional shifts in a nearby hospital. In her hospital work, she
worked in a neonatal intensive care unit (NICU), intensive care
unit (ICU), a burn center, and in a surgery room. From this
combination of work with the infirm, ill, and the latest medical
technology and procedures among highly-skilled professionals,
Tisdale learned that "being sick is the strangest of states." This
is not the lesson nearly all other health-care workers come away
with. For them, sick persons are like something that has to be
"fixed." They're focused on the practical, physical matter of
treating a malady. Unlike this author, they're not focused
consciously on the nature of pain and what the patient is
experiencing. The pragmatic, results-oriented medical profession
is focused on the effects of treatment. Tisdale brings into the
picture of health care and seriously-ill patients all of what the
medical profession in its amnesia, as she called it, overlooks.

Simply in describing what she observes, Tisdale leads those in the
medical profession as well as other interested readers to see what
they normally overlook, what they normally do not see in the
business and pressures of their work. She describes the beginning
of a hip-replacement operation, the surgeon "takes the scalpel and
cuts--the top of the hip to a third of the way down the thigh--and
cuts again through the globular yellow fat, and deeper. The
resident follows with a cautery, holding tiny spraying blood
vessels and burning them shut with an electric current. One small,
throbbing arteriole escapes, and his glasses and cheek are
splattered." One learns more about what is actually going on in an
operation from this and following passages than from seeing one of
those glimpses of operations commonly shown on TV. The author
explains the illness of meningitis, "The brain becomes swollen
with blood and tissue fluid, its entire surface layered with
pus...The pressure in the skull increases until the winding
convolutions of the brain are flattened out...The spreading
infection and pressure from the growing turbulent ocean sitting on
top of the brain cause permanent weakness and paralysis,
blindness, deafness...." This dramatic depiction of meningitis
brings together medical facts, symptoms, and effects on the
patient. Tisdale does this repeatedly to present illness and the
persons whose lives revolve around it from patients and relatives
to doctors and nurses in a light readers could never imagine, even
those who are immersed in this world.

Tisdale's main point is that the miracles of modern medicine do
not unquestionably end the miseries of illness, or even
unquestionably alleviate them. As much as they bring some relief
to ill individuals and sometimes cure illness, in many cases they
bring on other kinds of pains and sorrows. Tisdale reminds readers
that the mystery of illness does, and always will, elude the
miracle of medical technology, drugs, and practices. Part of the
mystery of the paradoxes of treatment and the elusiveness of
restored health for ill persons she focuses on is "simply the
mystery of illness. Erosion, obviously, is natural. Our bodies are
essentially entropic." This is what many persons, both among the
public and medical professionals, tend to forget. "The Sorcerer's
Apprentice" serves as a reminder that the faith and hope placed in
modern medicine need to be balanced with an awareness of the
mystery of illness which will always be a part of human life.


                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

TCR subscribers have free access to our on-line news archive.
Point your Web browser to http://TCRresources.bankrupt.com/and use
the e-mail address to which your TCR is delivered to login.

                            *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.  
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman,
Editors.

Copyright 2018.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $975 for 6 months delivered via
e-mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Peter A.
Chapman at 215-945-7000 or Nina Novak at 202-362-8552.

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